Share India Securities Ltd (SHAREINDIA) AI Stock Analysis

• Market Cap: ₹31.41B
• Dividend Yield: 0.68%
• Average Volume (3M): 169.75K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 1.67
• Revenue Growth: -25.37%
• EPS Growth: -48.56%
• Country: IN
• Employees: 3,718
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 4.05
• Shares Outstanding: 218,825,530
• 10 Day Avg. Volume: 429,375
• 30 Day Avg. Volume: 169,754
• PEG Ratio: -0.28
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 2.76
• P/FCF Ratio: -415.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹157.00 ▼(-4.56% Downside)

Share India Securities Ltd shows a strong financial position with growth potential, but challenges in profitability and liquidity need addressing. Technical indicators are moderately positive, and valuation is reasonable, though dividend yield is low. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Balance Sheet Strength

A robust equity base and low leverage provide durable financial flexibility, reducing default risk and enabling the firm to fund operations or strategic initiatives without urgent external financing. This capital structure supports resilience through market cycles and competitive stress.

Improving Operating Cash Flow

Meaningful improvement in operating cash flow indicates the core broking business is converting revenue into cash more effectively. Sustained OCF strength supports working capital needs, limits reliance on debt, and underpins reinvestment or client service expansion over the medium term.

Healthy Gross Margin

A healthy gross margin reflects structural efficiency in execution and fee capture in capital-markets intermediation. Persistent margin advantage helps absorb input cost increases, funds compliance and platform investment, and preserves competitive pricing flexibility over time.

Negative Factors

Negative Free Cash Flow

Sustained negative free cash flow signals the company is not converting profits into surplus cash, constraining capacity to self-fund growth, dividends, or buffer shocks. Over months, this can force reliance on external funding or asset sales, raising long-term cost of capital.

Eroding Net Profit Margin

A declining net margin implies rising costs or compression in fee economics, which, if persistent, reduces retained earnings and ROE. Structural margin erosion strains ability to invest in technology and client services, weakening competitive position over the medium term.

Limited Investor Communication

Lack of regular earnings call disclosure and event transparency hampers insight into strategy, execution, and management accountability. Over time, limited communication raises governance and information risk, complicating investor assessment of long-term management quality and plans.

Share India Securities Ltd Business Overview & Revenue Model

Company Description

Share India Securities Limited, a financial services company, trades in securities. The company offers broking and depository services, including equity, derivative, commodity, currency, mutual funds, initial public offering, and depository services; loan against securities and properties, loan against commodities, vehicle loans, business loans, and personal loans, as well as short, medium, and long term financial loans; and life and general insurances for individual and corporates. It also provides qualified institutional placements; bulk and block trades on exchanges; off-market transactions; arranges private equity; valuation advisory; open offers, buyback, and delisting of securities; and equity mobilization services for infrastructure projects from private equity investors, as well as manages initial public offerings and rights offering. In addition, the company offers merger and advisory, depository participant research and analysis, mutual fund distribution, and portfolio management services. It serves customers through a network of approximately 729 branches across 16 states in India. The company was formerly known as FMS Securities Limited and changed its name to Share India Securities Limited in 2010. Share India Securities Limited was founded in 1993 and is based in Noida, India.

How the Company Makes Money

SHAREINDIA generates revenue through multiple streams, primarily from brokerage fees charged on trades executed by its clients in equity, commodities, and derivatives markets. The company also earns income from advisory and consultancy services, mutual fund distribution fees, and portfolio management services. Additionally, SHAREINDIA may benefit from interest income on margins provided to clients for trading and other financial services. Strategic partnerships with financial institutions and technology providers further enhance its service offerings and operational efficiency, contributing positively to its revenue generation.

Share India Securities Ltd Financial Statement Overview

Summary

Share India Securities Ltd demonstrates solid financial footing with strong revenue growth and a healthy balance sheet. However, the net profit margin has decreased, and free cash flow remains negative, indicating areas for improvement in profitability and liquidity.

Income Statement

Share India Securities Ltd has shown strong revenue growth, particularly from 2023 to 2024. The gross profit margin is healthy, indicating efficient cost management. However, the net profit margin decreased in 2025 compared to previous years, suggesting some erosion in profitability or increased costs.

Balance Sheet

The company maintains a strong equity position with a favorable debt-to-equity ratio, indicating financial stability. The equity ratio is robust, and the return on equity is commendable. The balance sheet reflects a healthy capital structure, minimizing potential financial risks.

Cash Flow

The operating cash flow has improved significantly in 2025 after a negative trend in previous years, indicating better cash generation capability. However, the free cash flow remains negative, which could be a concern for liquidity if not addressed. The free cash flow to net income ratio suggests room for improvement in converting profits into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.54B	12.80B	13.74B	10.41B	8.33B	4.53B
Gross Profit	5.56B	5.42B	7.31B	5.75B	4.18B	2.13B
EBITDA	5.01B	5.13B	6.44B	4.91B	2.98B	1.29B
Net Income	3.09B	3.28B	4.25B	3.29B	2.01B	807.51M
Balance Sheet
Total Assets	0.00	37.80B	28.68B	18.39B	14.72B	8.61B
Cash, Cash Equivalents and Short-Term Investments	0.00	26.35B	4.57B	13.93B	4.76B	1.69B
Total Debt	0.00	5.13B	4.03B	2.02B	1.99B	1.19B
Total Liabilities	-23.49B	14.32B	11.07B	8.20B	10.14B	5.81B
Stockholders Equity	23.49B	23.34B	17.47B	10.05B	4.47B	2.80B
Cash Flow
Free Cash Flow	0.00	-84.97M	-3.29B	-2.85B	3.20B	2.37B
Operating Cash Flow	0.00	58.49M	-3.10B	-2.63B	3.44B	2.45B
Investing Cash Flow	0.00	-1.92B	-493.83M	790.21M	-287.16M	-1.56B
Financing Cash Flow	0.00	2.74B	3.76B	1.74B	317.29M	-332.29M

Share India Securities Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 164.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHAREINDIA, the sentiment is Negative. The current price of 164.5 is above the 20-day moving average (MA) of 148.58, above the 50-day MA of 159.60, and above the 200-day MA of 164.35, indicating a bearish trend. The MACD of -5.70 indicates Negative momentum. The RSI at 37.84 is Neutral, neither overbought nor oversold. The STOCH value of 28.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHAREINDIA.

Share India Securities Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GEOJITFSL	73 Outperform	₹18.96B	20.19	―	1.88%	-11.33%	-40.39%
FEDFINA	70 Outperform	₹57.09B	18.11	―	―	14.44%	-10.84%
SMCGLOBAL	70 Outperform	₹16.13B	16.50	―	0.70%	-5.03%	-54.73%
SHAREINDIA	69 Neutral	₹31.41B	11.04	―	0.68%	-25.37%	-48.56%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MONARCH	64 Neutral	₹23.59B	14.65	―	0.33%	-7.85%	-11.22%
CSBBANK	58 Neutral	₹76.36B	12.28	―	―	32.90%	12.28%

Share India Securities Ltd Corporate Events

Share India Securities Posts Q3 FY26 Profit Growth and Declares Third Interim Dividend

Share India Securities Limited reported consolidated revenue of INR 3,720 million, EBITDA of INR 1,561 million, and net profit of INR 888 million for the third quarter of FY26, reflecting year-on-year growth of 8.7%, 18.9%, and 8.0% respectively, with an EBITDA margin of 42.0%. For the nine months ended December 31, 2025, consolidated revenue stood at INR 10,543 million, EBITDA at INR 4,535 million, and net profit at INR 2,664 million, all showing year-on-year declines, even as margins remained robust; the board also declared a third interim dividend of INR 0.40 per share. Operationally, the broking business serviced 46,977 clients with an average daily turnover of INR 97,000 million and increased its institutional client base to 174, while the NBFC arm maintained a loan book of INR 2,470 million with healthy net interest margins of 4.63% across 76 branches, and the mutual fund business grew assets under administration to INR 2,201 million with 15,575 customers, underscoring solid franchise expansion despite softer nine‑month financial trends.

Share India Securities Faces NSE Penalty for Algo Order Compliance Lapse

Share India Securities Ltd has disclosed that the National Stock Exchange of India has imposed a monetary penalty of Rs 1,50,000 (excluding GST) on the firm for non-compliance with regulatory requirements related to the tagging of unique identifiers for algorithmic orders in the normal course of its broking operations. The company stated that the charge, formally dated December 18, 2025 but effectively accessed on December 22 due to portal availability issues and non-business days, will not have any material impact on its financials, operations or other business activities, and it reiterated its commitment to maintaining high compliance standards and addressing the issue raised by the exchange.