Operates a diversified capital markets platform with stock broking and trading accounting for 93.2% of FY26 segment revenue at Rs 1,387.84 cr, supported by NBFC lending (3.7%), merchant banking (1.6%), technology services (0.9%) and insurance distribution (0.6%). The broking franchise serves retail investors through 48,061 clients generating average daily turnover of Rs 90 Bn, with an MTF (margin trade financing) book of Rs 4,655 Mn as of Q1 FY27, targeted to reach Rs 1,000 cr over two years. The NBFC arm runs a loan book of Rs 2,682 Mn with GNPA at 4.05% and NNPA at 2.26%. Merchant banking handles capital market advisory and underwriting work, while technology services and a newly launched PMS (AUM Rs 150 cr in launch quarter) extend the platform beyond execution. Distribution is being widened through Tier-3 retail branches (7 opened, 25-30 targeted) and an insurance and wealth distribution build-out. Employee costs are the largest operating expense at 24.5% of revenue, followed by other opex at 24.2%, with negligible materials cost. Funding is being diversified through a CRISIL A1+ commercial paper program, NCD issuances (CARE A+ rated, Rs 250 cr program), and a Rs 150 cr NCD allotment at 10.50% coupon. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Share Broking/Trading Business (93%), NBFC Business (4%), Merchant Banking Business (2%), Technology Services (1%), Insurance Business (1%), Wealth Management Business (0%). Cyclical, market-linked capital markets platform with a broking-heavy revenue mix
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 856 | 1,088 | 1,483 | 1,449 | 1,470 |
| EBITDA (ex other income) | 292 | 494 | 656 | 517 | 570 |
| margin % | 34.1 | 45.4 | 44.2 | 35.7 | 38.8 |
| Owners' profit | 201 | 329 | 425 | 328 | 323 |
| EPS, as reported (₹) | 63.26 | 102.68 | 127.03 | 15.58 | 14.79 |
| ROE % · ROCE % | 44.1 · 61.3 | 32.5 · — | 24.2 · — | 14.0 · — | 12.2 · — |
| Debt / equity (x) | 0.43 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 344 | (263) | (310) | 6 | (182) |
| Capex | (23) | (10) | (15) | (13) | (5) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 453 | 342 | 239 | 341 | 341 | 372 | 416 | 448 |
| Profit before tax | 164 | 112 | 23 | 111 | 126 | 122 | 81 | 164 |
| Net profit | 124 | 82 | 19 | 84 | 93 | 89 | 58 | 124 |
| EPS (₹) | 6.03 | 3.66 | 0.71 | 3.86 | 4.25 | 4.06 | 2.61 | 5.67 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Share Broking/Trading Business | 1,388 | 93.2 |
| Insurance Business | 9 | 0.6 |
| Merchant Banking Business | 24 | 1.6 |
| NBFC Business | 56 | 3.7 |
| Technology Services | 13 | 0.9 |
| Total, before eliminations | 1,489 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Share India partially redeems NCD Series A and NCD Second Issue | credit debt | medium | — | — |
| 9 Sept 2026 · Share India Securities to early redeem Series A and B NCDs on Sep 30, 2026 | credit debt | medium | — | — |
| 8 Sept 2026 · NCLT approves Silverleaf Capital amalgamation into Share India | strategic transactions | high | — | — |
| 6 Sept 2026 · Share India Securities informs 32nd AGM notice published in newspapers | compliance | minimal | — | — |
| 5 Sept 2026 · Share India submits BRSR for FY 2025-26 as part of annual report | compliance | medium | — | — |
| 5 Sept 2026 · FY2025-26 annual report: EBITDA margin rises to 41.18 percent | results | high | — | — |
| 5 Sept 2026 · Share India 32nd AGM on Sept 29, 2026 with dividend and director re-appointments | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Share India sets Sep 29 for 32nd AGM, Re 0.50 final dividend | compliance | minimal | — | — |
| 3 Sept 2026 · Share India fixes Oct 20, 2026 as final dividend payment date for FY26 | corporate actions | high | — | — |
| 3 Sept 2026 · Board fixes Sep 9 record date for FY26 final dividend, director changes and AGM on Sep 29 | corporate actions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| BILLIONBRAINS GARAGE VN L |
| 1,24,828 |
| 50.3 |
| 12.93 |
| 42.5 |
| 21.6 |
| 28.9 |
| — |
| 67.8 |
| MOTILAL OSWAL FIN LTD | 61,810 | 31.2 | 4.77 | 14.5 | 14.5 | — | 20.9 | 57.7 |
| 360 ONE WAM LIMITED | 44,371 | 35.0 | 4.51 | 15.5 | 12.4 | — | 22.0 | 66.8 |
| NUVAMA WEALTH MANAGE LTD | 31,853 | 15.0 | 7.73 | 12.7 | 25.2 | — | — | 53.0 |
| ANGEL ONE LIMITED | 27,862 | 5.2 | 4.53 | 15.1 | 14.9 | — | 32.4 | 34.2 |
| IIFL CAPITAL SERVICES LTD | 10,617 | 18.4 | 3.46 | 9.9 | 18.4 | — | 25.1 | 50.0 |
| SHARE IND. SECURITIES LTD ◆ | 4,335 | 11.9 | 1.63 | 6.5 | 12.2 | — | 26.8 | 45.5 |
| ANAND RATHI SH N STK BR L | 3,101 | 19.5 | 2.30 | 10.1 | 9.6 | 11.5 | — | 31.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.9 | 15.4 | 14 of 37 | 64% |
| P/B | 1.6 | 1.8 | 18 of 40 | 56% |
| ROE | 12.2 | 9.6 | 15 of 40 | 64% |
| Debt / Equity | 0.0 | 0.0 | 1 of 40 | 36% |
| EBITDA margin | 45.5 | 31.2 | 16 of 39 | 61% |
| Revenue growth | 31.3 | 22.4 | 9 of 35 | 77% |
| Profit growth | 47.5 | 13.4 | 12 of 38 | 70% |
| Market cap | 4335 | 507 | 7 of 42 | 85% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
