Debut Plus

₹50.5

▼ -2.65 -4.99%

As of 23 Oct 2026 · delayed

NSE Listed

ESM · ESM 1 · T2T
What does ESM · ESM 1 · T2T mean?
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-16
NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-16
NSE · T2T

Shardul Securities Ltd. (SHARDUL)

Volume: 1,061Avg Vol 1W: 3,570.6Avg Vol 1M: 16,286.252W Range:₹23.05₹60
NSE BSE www.shardulsecurities.com
Key Ratios
Checked 2h ago
Market Cap₹442 Cr
Current Price₹50.5
Previous Close₹53.15
High / Low (52w)₹60 / ₹23.05
Volume1,061
Avg Vol (1W)3,570.6
Avg Vol (1M)16,286.2
Stock P/E15.3
Book Value₹87.74
Dividend Yield0%
ROE375.8%
ROA233.4%
Revenue (TTM)₹16 Cr
Revenue Growth—
Profit Margin18.69%
Total Debt—
Shares Outstanding9 Cr
Face Value₹2
EPS (TTM)₹3.3
P/B0.57
Debt / Equity0.22
50 DMA₹54.63
200 DMA₹41.3
Day change-4.99%
SurveillanceESM · ESM 1 · T2T
Price Chart
₹50.5▲ 82.31% · 1Y
₹59₹271.9L
2026-04-20
2026-10-23

20-day avg volume: 16K shares

Pros
  • Healthy return on equity of 375.8%.
  • Company is almost debt-free.
  • Revenue grew 23% YoY.
  • Stock trades below its book value.
Quarterly Results
MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Revenue————————
EBITDA————————
Net Profit₹-40 Cr₹-70 Cr₹70 Cr₹-38 Cr₹-17 Cr₹-64 Cr₹143 Cr₹-33 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026Sept 2026
Revenue₹63 Cr————₹16 Cr——
EBITDA₹45 Cr————₹-64 Cr——
Net Profit₹33 Cr₹61 Cr₹-38 Cr₹-22 Cr₹-60 Cr₹-49 Cr₹132 Cr₹-32 Cr
EPS3.77————-5.62——
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹314 Cr₹259 Cr₹412 Cr₹525 Cr₹471 Cr₹697 Cr₹738 Cr₹934 Cr
Total Liabilities₹10 Cr₹3 Cr₹24 Cr₹49 Cr₹25 Cr₹26 Cr₹34 Cr₹277 Cr
Equity₹304 Cr₹256 Cr₹389 Cr₹476 Cr₹446 Cr₹671 Cr₹704 Cr₹658 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-14 Cr₹2 Cr₹5 Cr₹-9 Cr₹9 Cr₹-17 Cr₹81 Cr₹-20 Cr
Investing₹5 Cr₹2 Cr₹0 Cr₹22 Cr₹-23 Cr₹18 Cr₹-24 Cr₹12 Cr
Financing₹-12 Cr₹-1 Cr₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹10 Cr₹13 Cr
Free Cash Flow₹-14 Cr₹2 Cr₹5 Cr₹-9 Cr₹9 Cr₹-17 Cr₹81 Cr₹-20 Cr
Shareholding
Promoter 74.85% Institutions 0.3% Public 24.85%
Efficiency & Working Capital
ROCE4.9%
Interest Coverage-3
Dividend Payout—
Debtor Days1 d
Inventory Days0 d
Payable Days7 d
Cash Conversion Cycle-6 d
Working Capital Days1 d
Shareholding Details

As of 2026-09-30

Promoter74.9%
FII0.3%
DII0%
Institutions0.3%
Public24.9%
Promoter Pledge0%
No. of Shareholders6,914
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters74.8%74.8%74.8%74.8%74.8%74.8%74.9%74.9%74.9%74.9%74.9%74.9%
FIIs0%0%0%0%0%0%0%0.2%0.3%0.3%0.3%0.3%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public25.2%25.2%25.2%25.2%25.2%25.2%25.1%24.9%24.9%24.9%24.9%24.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders5,9016,2746,1206,5076,5897,7937,6717,4057,2456,8136,8056,914
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Shriyam Commodities Intermediary LlpShareholding of Promoter and Promoter Group26.3%2.30 Cr
Rajesh D ChaturvediShareholding of Promoter and Promoter Group14.9%1.30 Cr
A To Z Broking Services LlpShareholding of Promoter and Promoter Group12.1%1.06 Cr
Devesh D ChaturvediShareholding of Promoter and Promoter Group10.9%95,12,095
Brijesh D ChaturvediShareholding of Promoter and Promoter Group6.4%55,83,415
Angular Trading Pvt LtdPublic Shareholding5.6%49,09,215
Bhaskar Arvind HingadPublic Shareholding2.2%19,61,870
Reckon Trading Private LimitedPublic Shareholding2.2%19,53,640
Raghav R ChaturvediShareholding of Promoter and Promoter Group1.4%12,39,585
Glenmord Commercial Services Pvt LtdPublic Shareholding1.1%10,00,000
Dhanastra Finance And Investment Company Pvt LtdPublic Shareholding1.1%9,24,800
Four Bridges Capital Advisors Pvt LtdPublic Shareholding1%8,78,205
Babita D ChaturvediShareholding of Promoter and Promoter Group1%8,57,927
Varsha R ChaturvediShareholding of Promoter and Promoter Group0.8%6,80,000
Ramya Rajesh ChaturvediShareholding of Promoter and Promoter Group0.7%6,37,500
Rajesh DinanathShareholding of Promoter and Promoter Group0.4%3,78,500
Gagan Dinanath ChaturvediShareholding of Promoter and Promoter Group0%0
Shruti Gagan ChaturvediShareholding of Promoter and Promoter Group0%0
Mohini G ChaturvediShareholding of Promoter and Promoter Group0%0
Pradeep Sandeep Corporate Advisors LlpShareholding of Promoter and Promoter Group0%0
Kamvan Construction Private LimitedShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Devesh ChaturvediChairman & Non Executive Dir.2026
R SundaresanVice Chairman / Non Independent ED / WTD2026
Daya BariyaED / Company Secretary / Compliance Officer2026
Yogendra ChaturvediExecutive Non Independent Dir.2026
Lalit shahIndependent Non Exe. Director2026
Vishu DuttIndependent Non Exe. Director2026
Seshagiri RanganathanIndependent Non Exe. Director2026
Anshu AgarwalIndependent Non Exe. Director2026
Segments — Product
SegmentRevenueShare
Investment & Finance Activities in₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹21001818
Corporate Actions
TypeDateValueRemark
buyback2026-10-21₹60 max—
forthcoming2026-10-14BuyBack—
forthcoming2026-08-12Board Meetings—
buyback2026-08-12₹60 max—
forthcoming2026-07-10Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202676001077
202675000075
2026100102
Insider / Designated-Person Trades

6 recent disclosure(s)

Shriyam Commodities Intermediary LLPAcquisition · 1,83,20,010
Kamvan Construction Private LimitedDisposal · 1,500
Pradeep Sandeep Corporate Advisors LLPDisposal · 2,500
Mohini ChaturvediDisposal · 4,95,800
Shruti Gagan ChaturvediDisposal · 36,36,585
Gagan Dinanath ChaturvediDisposal · 1,41,80,925
Substantial Acquisitions (SAST)

4 disclosure(s)

Inter-se Transfer16/07/2026 · 1,83,20,010
-13/07/2026 · 1,83,20,010
Off Market / Inter se transfer16/07/2026 · 1,83,20,010
NULL13/07/2026 · 1,83,20,010
Company Information
Incorporated1985
ChairmanDevesh Chaturvedi
AuditorAkkad Mehta & Co LLP
Investor Email[email protected]
🌐 www.shardulsecurities.com ↗

📍 G-12 Tulsiani Chambers, 212 Nariman Point, Mumbai, Maharashtra, 400021

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