Share India Securities Ltd (SHAREINDIA) AI Stock Analysis

• Market Cap: ₹29.01B
• Dividend Yield: 0.68%
• Average Volume (3M): 169.75K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 1.62
• 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: 68 Neutral
• Price Target: ₹135.00 ▼(-17.93% Downside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is primarily supported by solid financial fundamentals and an attractive valuation (low P/E), but it is meaningfully held back by weak technical conditions (downtrend across moving averages, negative MACD) and cash-flow quality concerns (negative free cash flow).

Positive Factors

Balance Sheet Strength

A robust equity base and favorable leverage give the firm durable financial flexibility. This reduces refinancing and insolvency risk, supports regulatory capital needs for brokerage operations, and enables continued investment in trading platforms or client services over the next several months.

Improved Operating Cash Flow

Material improvement in operating cash flow signals better core cash generation from intermediation activities. For a capital-markets intermediary, stronger OCF supports margin expansion, funds client credit and working capital, and enhances near-term funding resilience even if free cash flow conversion needs work.

Gross Margin Efficiency

Healthy gross margins reflect effective cost control in execution and platform operations, supporting sustainable profitability at the operating level. For a brokerage, persistent gross-margin strength underpins the ability to absorb commission pressure and invest in product or distribution over coming quarters.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow limits the company’s ability to self-fund strategic initiatives, return capital, or build liquidity buffers. Over a 2–6 month horizon this can force reliance on external financing or constrain investments in technology and client acquisition, increasing business risk.

Profitability Erosion

A falling net profit margin suggests rising operating costs or compressing spreads in core brokerage activities. If this persists it will reduce retained earnings and limit reinvestment capacity, making margins more vulnerable to market-volume volatility and competitive price pressure.

Recent Revenue Decline

A notable year-over-year revenue decline points to weaker client activity or market share loss. For a commission-driven business, lower top-line volumes directly strain profitability and cash generation, raising medium-term uncertainty around sustainable earnings and operational scale.

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

Strong revenue growth and a healthy balance sheet with favorable leverage support the score, but weaker net profit margin in 2025 and persistently negative free cash flow temper overall quality.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 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: Positive
• 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 138.88, above the 50-day MA of 146.97, and above the 200-day MA of 161.88, indicating a bearish trend. The MACD of -6.04 indicates Positive momentum. The RSI at 38.41 is Neutral, neither overbought nor oversold. The STOCH value of 32.25 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	₹16.90B	40.70	―	1.88%	-11.33%	-40.39%
SMCGLOBAL	73 Outperform	₹15.11B	15.62	―	0.70%	-5.03%	-54.73%
FEDFINA	70 Outperform	₹47.55B	16.05	―	―	14.44%	-10.84%
SHAREINDIA	68 Neutral	₹29.01B	10.29	―	0.68%	-25.37%	-48.56%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MONARCH	64 Neutral	₹20.52B	13.44	―	0.33%	-7.85%	-11.22%
CSBBANK	58 Neutral	₹64.93B	13.04	―	―	32.90%	12.28%

Share India Securities Ltd Corporate Events

Share India Calls Stakeholder Meetings on Silverleaf Capital Amalgamation Scheme

Share India Securities Limited has announced that it has published newspaper notices convening meetings of its equity shareholders, non-convertible debenture holders, secured creditors and unsecured creditors, as directed by the National Company Law Tribunal, Ahmedabad Bench. These meetings are being called to consider a proposed Scheme of Amalgamation under which Silverleaf Capital Services Private Limited will merge into Share India Securities Limited, with the scheme subject to approval by the respective shareholders and creditors, and the related notices and advertisements made available through national and regional newspapers as well as on the company’s website.

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.