Share India Securities Limited (SHAREINDIA)
₹192.99 -0.22% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Share India's revenue was ₹448 Cr (+31.4% year on year, +7.7% on the previous quarter), and net profit ₹124 Cr (+48.1% year on year); the operating margin was 44.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹448 | +31.4% | +7.7% |
| Operating profit | ₹201 | +45.3% | +71.4% |
| Net profit | ₹124 | +48.1% | +114.5% |
| EPS (₹) | 5.67 | +47.3% | +114.8% |
| Operating margin | 44.8% | — | — |
SHAREINDIA delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 34.92% of the SHAREINDIA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 27.58%. That is close to its usual level. Volume was under a tenth of its average. 6 bulk or block deals were reported in SHAREINDIA in the last 60 days: ₹105 Cr bought and ₹102 Cr sold.
Delivery in the last 5 sessions: 48.4% · 24.6% · 37.9% · 37.5% · 34.9%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 18 Sep | Sell | Junomoneta Finsol Private Limited | ₹38.39 Cr | ₹226.64 | 1,693,663 | Bulk |
| 18 Sep | Buy | Junomoneta Finsol Private Limited | ₹38.34 Cr | ₹226.43 | 1,693,298 | Bulk |
| 18 Sep | Buy | Hrti Private Limited | ₹37.16 Cr | ₹225.94 | 1,644,689 | Bulk |
| 18 Sep | Sell | Hrti Private Limited | ₹34.21 Cr | ₹226.48 | 1,510,599 | Bulk |
| 18 Sep | Sell | Qe Securities Llp | ₹29.59 Cr | ₹226.27 | 1,307,649 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Share India Securities Limited received an order from the Hon'ble NCLT Ahmedabad Bench rectifying the Appointed Date for its merger with Silverleaf Capital Services Private Limited from October 1, 2023 to April 1, 2026. The change follows queries raised by the Regional Director and Official Liquidator, which the board had approved on June 24, 2026. The scheme was previously sanctioned on August 20, 2026, and the formal effective date will follow upon completion of standard procedural steps. This alignment clarifies the accounting and operational integration timeline for the combined entity.
- Appointed Date formally rectified from October 1, 2023 to April 1, 2026 by NCLT Ahmedabad Bench - 1.
- NCLT rectification order pronounced on October 12, 2026, following the original sanction order of August 20, 2026.
- Board of Directors had previously approved the revised date via resolutions dated June 24, 2026.
- Certified copy of the October 12, 2026 order is awaited before filing for final scheme effectiveness.
Share India Securities has appointed Mr. Kalpesh Dave as President - Wealth Management and classified him as Senior Management Personnel effective October 12, 2026. Mr. Dave brings over two decades of wealth management experience, having previously helped scale InCred Wealth to over USD 1.2 billion in assets. This hire aligns with the company's stated strategy to diversify beyond proprietary trading into fee-based wealth management, AIF, and PMS services. The company reported TTM revenue of ₹1,577 Cr and TTM PAT of ₹364 Cr as of the recent quarter.
- Appointment of Mr. Kalpesh Dave as President - Wealth Management effective October 12, 2026
- Over 20 years of experience across private banking and wealth management
- Previously part of InCred Wealth's founding team, scaling assets to over USD 1.2 billion
- Approved via circular resolution passed on October 12, 2026, at 11:32 a.m.
Share India Securities Limited announced the voting results of its 32nd Annual General Meeting held on September 29, 2026. All 10 resolutions were approved by shareholders with requisite majority, including the adoption of FY26 financial statements and approval of a final dividend of ₹0.50 per share (face value ₹2). Shareholders also ratified the earlier interim dividend of ₹1.10 per share and passed special resolutions enabling borrowing security and Section 186 loan/investment limits.
- All 10 AGM resolutions approved by shareholders with over 99% votes in favour
- Final dividend of ₹0.50 per equity share (face value ₹2) confirmed alongside interim dividend of ₹1.10 per share
- Special resolutions approved under Section 186 (limits for loans, guarantees, and investments) and Section 180(1)(a) (creation of security for lenders)
- Re-appointment of Managing Directors Parveen Gupta and Kamlesh Vadilal Shah passed with majority support
Share India Securities Limited has completed the full early redemption of its outstanding Non-Convertible Debentures (NCDs) under Series A and Series B along with accrued interest. The payments were finalized on September 30, 2026, leaving zero outstanding principal on these series. Prior to redemption, face values were Rs 37,500 per NCD for Series A and Rs 1,00,000 per NCD for Series B. This early retirement of debt marginally reduces total borrowings from the reported debt base of Rs 478 Cr.
- Full early redemption of Series A NCDs (pre-redemption face value of Rs 37,500 each) to NIL face value.
- Full early redemption of Series B NCDs (pre-redemption face value of Rs 1,00,000 each) to NIL face value.
- Payments completed on September 30, 2026, at 12:08 p.m. with zero remaining principal outstanding.
- Total company debt stood at Rs 478 Cr prior to this redemption.
NSE Clearing Limited has imposed a penalty of Rs. 1,00,000 (exclusive of Rs. 18,000 GST) on Share India Securities Limited. The action was taken in the ordinary course of broking operations due to a violation of the Market Wide Position Limit (MWPL). The invoice was uploaded on the exchange portal on September 28, 2026, at approximately 07:28 p.m. The company confirmed that this penalty has no material impact on its financials, operations, or broader business activities.
- Penalty of Rs. 1,00,000 levied by NSE Clearing Limited (NCL)
- Additional GST applicable of Rs. 18,000
- Penalty imposed for violation of Market Wide Position Limit (MWPL)
- Communication received via NSE portal on September 28, 2026, at 07:28 p.m.
Share India Securities Limited announced that CRISIL Ratings has assigned a 'CRISIL A+/Stable' rating to its proposed Non-Convertible Debentures (NCDs) of Rs 250 Crore. The proposed issuance represents approximately 52.3% of the company's existing total debt of Rs 478 Crore and about 11.2% of its net worth (Rs 2,234 Crore). The rating facilitates the company's borrowing capability to support working capital or business expansion, including MTF and NBFC loan operations.
- CRISIL Ratings assigned 'CRISIL A+/Stable' to proposed Non-Convertible Debentures
- Total proposed borrowing size is Rs. 250 Crore
- Proposed issuance equals ~52.3% of existing debt (Rs 478 Cr) and ~11.2% of net worth (Rs 2,234 Cr)
- Rating communication received by the company on September 28, 2026
Share India Securities' Board has approved raising up to ₹200 Crore via a preferential issue of convertible warrants, representing ~4.0% of its current market capitalization (₹4,983 Cr). The Board also approved incorporating a new subsidiary dedicated to wealth management and allied financial services, committing an equity investment of up to ₹120 Crore in one or more tranches. Details regarding specific warrant pricing, allottee names, and exact shareholding percentages will be determined by the Finance Committee in due course.
- Approved raising up to ₹200 Crore via preferential issue of convertible warrants
- Proposed incorporation of a new subsidiary focused on wealth management and allied services
- Approved equity investment of up to ₹120 Crore in the proposed subsidiary
- Fundraise represents ~4.0% of market cap and ~9.0% of net worth (₹2,234 Cr)
Share India Securities announced that Infomerics has revised its credit ratings to 'IVR A4' for Rs 1,600 crore in bank loan facilities and a Rs 200 crore proposed Commercial Paper programme. The company clarified that it had previously communicated its decision not to seek further ratings from Infomerics as it transitioned rating arrangements to CRISIL and CARE. Active facilities and NCDs remain rated by CRISIL (reaffirmed August 17, 2026) and CARE.
- Infomerics revised ratings to IVR A4 for Rs 1,600 crore bank loan facilities
- Proposed Commercial Paper programme of Rs 200 crore also rated IVR A4 by Infomerics
- Total facilities rated under Infomerics notice stand at Rs 1,800 crore
- CRISIL reaffirmed ratings on active facilities and NCDs on August 17, 2026
- Company has formally transitioned its primary rating coverage to CRISIL and CARE
Share India Securities Limited has completed the acquisition of a 100% equity stake in Enshrine Leasing and Infotech Private Limited for a total consideration of ₹39.72 crore. Consequent to this deal, Enshrine has become a wholly owned subsidiary of the company effective September 17, 2026. Relative to the company's financials, the acquisition outlay represents approximately 2.5% of TTM revenue (₹1,577 crore) and 1.8% of net worth (₹2,234 crore). The transaction formalizes the board approval previously granted on July 24, 2026.
- Acquired 1,25,463 equity shares of face value ₹1 each, representing 100% equity capital
- Total consideration paid stands at ₹39,71,50,856 (approx. ₹39.72 crore)
- Enshrine Leasing and Infotech became a wholly owned subsidiary effective September 17, 2026
- Deal execution completed following board approval previously dated July 24, 2026
Share India Securities Limited announced a dilution in its equity shareholding in subsidiary Silverleaf Securities Research Private Limited from 73.09% to 64.81%. The dilution occurred due to Share India's non-participation in Silverleaf's rights issue, cited as part of its capital allocation strategy. Control remains unchanged, and Silverleaf continues to be a subsidiary. Silverleaf, incorporated on July 3, 2024, has yet to generate revenue and had a net worth of Rs 1.18 Cr as of March 31, 2026.
- Shareholding in Silverleaf diluted from 73.09% to 64.81% on September 15, 2026
- Silverleaf paid-up share capital stands at Rs 12.50 Cr across 1.25 Cr equity shares of Rs 10 each
- Silverleaf reported Nil turnover for both FY25 and FY26 as revenue operations have not yet commenced
- Target net worth was Rs 1.18 Cr as of March 31, 2026
- No cash consideration paid and no shares sold or transferred by Share India
Share India Securities Limited has completed a scheduled partial redemption of principal across two series of privately placed Non-Convertible Debentures (NCDs) on September 10, 2026. For Series A NCDs (ISIN INE932X07023), the face value was reduced from Rs 50,000 to Rs 37,500 per debenture. For Second Issue NCDs (ISIN INE932X07031), the face value was reduced from Rs 75,000 to Rs 62,500 per debenture. Total outstanding debt for the company stood at Rs 478 Cr as per recent financials, and this ongoing redemption aligns with scheduled debt servicing.
- Partial principal redemption completed on September 10, 2026 at 01:09 p.m.
- Series A NCD (INE932X07023) face value reduced from Rs 50,000 to Rs 37,500 per debenture
- Second Issue NCD (INE932X07031) face value reduced from Rs 75,000 to Rs 62,500 per debenture
- Both debenture series were originally issued on a private placement basis
Share India Securities Limited has issued a notice for the early redemption of its Series A and Series B Non-Convertible Debentures (NCDs) aggregating to ₹68.65 Cr. The debentures were originally scheduled to mature on June 10, 2027, but will now be redeemed early on September 30, 2026, following NCD holders' approval on September 1, 2026. The total redemption amount represents approximately 14.4% of the company's total debt of ₹478 Cr. The record date for determining eligible debenture holders is set for September 15, 2026, with trading ending on September 11, 2026.
- Early redemption of Series A NCDs aggregating to ₹18.75 Cr (5,000 NCDs at face value ₹37,500)
- Early redemption of Series B NCDs aggregating to ₹49.90 Cr (4,990 NCDs at face value ₹1,00,000)
- Early redemption date set for September 30, 2026, ahead of scheduled maturity on June 10, 2027
- Record date for payment eligibility is September 15, 2026; last trading date on BSE is September 11, 2026
Share India Securities Limited received a certified true copy of the NCLT Ahmedabad Bench order on September 07, 2026, approving the Scheme of Amalgamation of Silverleaf Capital Services Private Limited into the company. The order was delivered on August 20, 2026, with an appointed date of October 01, 2023. Silverleaf has a paid-up share capital of INR 88,040 across 8,804 equity shares, compared to Share India's paid-up capital of INR 43.76 Cr (21,88,25,530 shares). The company must file the order with the Registrar of Companies within 30 days to make the amalgamation effective.
- Received certified true copy of NCLT order on September 07, 2026, sanctioning the scheme pronounced on August 20, 2026
- Appointed date of the amalgamation scheme is October 01, 2023
- Transferor Silverleaf Capital has an issued and paid-up capital of INR 88,040 (8,804 equity shares of INR 10 each)
- Transferee Share India Securities has a paid-up share capital of INR 43,76,51,060 (21,88,25,530 shares of INR 2 each)
- Petitioner companies must deliver certified order copy to the Registrar of Companies within 30 days
Share India Securities has issued the notice for its 32nd Annual General Meeting scheduled for September 29, 2026. Key agenda items include approving a final dividend of ₹0.50 per share (face value ₹2), confirming the earlier interim dividend of ₹1.10 per share, and re-appointing executive directors. Additionally, the company is seeking shareholder approval to expand limits for loans, guarantees, and investments under Section 186 up to ₹3,000 Crore and asset encumbrance limits under Section 180(1)(a) up to ₹6,000 Crore.
- 32nd AGM scheduled for Tuesday, September 29, 2026, via Video Conferencing.
- Proposed final dividend of ₹0.50 per share (FV ₹2), in addition to ₹1.10 per share interim dividend already paid in FY26.
- Shareholder approval sought for Section 186 limits (loans, guarantees, securities, investments) up to ₹3,000 Crore.
- Enabling resolution to create security/charges on assets under Section 180(1)(a) up to ₹6,000 Crore.
- Re-appointment of Parveen Gupta (Managing Director) and Sachin Gupta (Whole-time Director) for 5-year terms starting July 21, 2027.
Share India Securities announced that its Board of Directors approved the appointment of Mr. Rajesh Arora as Non-Executive Independent Director, subject to regulatory approvals from NSE, BSE, MCX, MSEI, and NCDEX. The Board also recommended 5-year term extensions for Managing Director Parveen Gupta and Whole-time Director Sachin Gupta starting July 21, 2027. Additionally, the Board scheduled the 32nd AGM for September 29, 2026, and fixed September 09, 2026, as the record date for the FY26 final dividend, payable on or before October 20, 2026.
- Appointment of Mr. Rajesh Arora as Non-Executive Independent Director, pending approvals from 5 exchanges (NSE, BSE, MCX, MSEI, NCDEX)
- Recommended 5-year reappointment of Managing Director Parveen Gupta from July 21, 2027 to July 20, 2032
- Recommended 5-year reappointment of Whole-time Director Sachin Gupta from July 21, 2027 to July 20, 2032
- Final dividend record date fixed for September 09, 2026, with payment on or before October 20, 2026
- 32nd Annual General Meeting scheduled for September 29, 2026
Financial Performance
Revenue Growth by Segment
Consolidated H1 FY26 revenue reached INR 682.37 Cr, a 21.29% YoY decline. FY25 segment performance included NBFC finance income of INR 60 Cr, Insurance premium of INR 64 Cr, and Broking average daily turnover of INR 3,093 Cr. Merchant banking executed 6 SME IPOs in FY25.
Geographic Revenue Split
The company has established a footprint across 16 states in India, though specific percentage contribution per state is not disclosed.
Profitability Margins
Operating Profit Margin (OPM) declined from 44.69% in FY24 to 36.69% in FY25. Net Profit Margin (NPM) decreased from 28.71% to 22.65% in the same period. Return on Net Worth fell from 30.64% to 15.97% due to lower profits and additional equity.
EBITDA Margin
EBITDA declined 19% in FY25 to INR 538 Cr from INR 663 Cr in FY24, reflecting a core profitability squeeze due to regulatory changes affecting trading volumes.
Capital Expenditure
Not disclosed in absolute INR Cr, but the company is prioritizing increased investment in technology and cyber security to support its WealthTech and algo trading divisions.
Credit Rating & Borrowing
CareEdge Ratings monitors the company. Borrowing costs are managed through a net worth of INR 2,334 Cr and bank guarantees backed by fixed deposits. NBFC Net Interest Margins (NIM) remained strong at 17.49%.
Operational Drivers
Capacity Expansion
Institutional client base grew to 137 institutions (a 2-fold increase over FY25). NBFC loan book reached INR 260 Cr across 80 branches and franchises.
Strategic Growth
Expected Growth Rate
77%
Growth Strategy
Diversification into fee-based income via Wealth Management (AIF and PMS SEBI approval received), expansion of the Margin Trading Facility (MTF) to spur retail demand, and the pending acquisition of Silverleaf (NCLT approval expected in 3-4 months) to enhance proprietary trading kitty.
Products & Services
Equity broking, currency & commodity derivatives, SME IPOs, insurance policies, NBFC loans, Margin Trading Facility (MTF), and algo trading solutions.
Brand Portfolio
Share India, uTrade Algo.
New Products/Services
Wealth Management (AIF/PMS) and Margin Trading Facility (MTF) are expected to diversify revenue away from proprietary trading.
Market Expansion
Strategic shift toward the retail segment and expansion of the branch network across 16 states.
Market Share & Ranking
DII share reached an all-time high of 17.62% in the industry, surpassing FIIs at 17.22%.
Strategic Alliances
11 subsidiaries and empanelment with 137 institutions over the last two years.
External Factors
Industry Trends
The industry is evolving toward retail and domestic institutional dominance (27.1% combined share for DII/Retail/HNI) and rapid fintech disruption.
Competitive Landscape
Intense pressure from fintech startups and low-cost brokers disrupting traditional models.
Competitive Moat
Durable advantage through 30 years of experience and being pioneers in algo trading technology for domestic and international clients.
Macro Economic Sensitivity
Sensitive to FPI outflows (INR 1.25 Lakh Cr in FY25) and global interest rate hikes which shift capital away from emerging markets.
Consumer Behavior
Shift toward digital trading platforms and passive investing creates new threats to traditional broking.
Geopolitical Risks
Global instability and rising US yields impact investor confidence and revenue streams.
Regulatory & Governance
Industry Regulations
Governed by general corporate laws and tax frameworks; specific non-SEBI regulations not detailed.
Taxation Policy Impact
Effective tax rate is approximately 24-25% based on Q2 FY26 results.
Legal Contingencies
Not disclosed in available documents (excluding SEBI-related matters).
Risk Analysis
Key Uncertainties
Regulatory changes to derivative trading (21.29% revenue impact) and market volatility (17% trading income impact).
Geographic Concentration Risk
Presence in 16 states; specific regional revenue concentration not disclosed.
Third Party Dependencies
High dependency on stock exchanges and technology infrastructure providers.
Technology Obsolescence Risk
Rapid fintech development necessitates continuous high investment in technology to avoid disruption.
Credit & Counterparty Risk
NBFC loan book of INR 260 Cr and margin requirements with exchanges are primary credit exposures.
