Share India Securities Ltd(SHAREINDIA)

NSE: SHAREINDIABSE: 540725

₹ 171.7-4.21%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 3,757 crNext results: 30 Oct 2026Website: www.shareindia.comUpdated: 24 Oct 2026

About

Share India Securities Ltd is a mid-market stockbroker and financial services group operating across proprietary trading, retail and institutional broking, margin trade funding, insurance distribution, and merchant banking. In FY26 the group reported consolidated revenue of ₹1,470.26 Cr. The broking and trading business contributed 93.2% of segment revenue in FY26, with an NBFC lending arm accounting for a further 3.7%.^[1][2]

Business segments

Share Broking/Trading Business: 93.2% of segment revenue (₹1,387.84 Cr) and EBIT margin of 38.5% in FY26, covering proprietary algorithmic trading, retail and institutional client broking, and allied services.^[2]
NBFC Business: 3.7% of segment revenue (₹55.53 Cr) and EBIT margin of 45.0% in FY26, providing margin trade funding and other secured and unsecured lending to clients.^[2]
Proprietary trading contributed approximately 58-60% of consolidated revenue in Q1 FY27, down from ~85-90% pre-COVID, as income shifted toward client business.^[3]
The group operated with 11 subsidiaries as of FY25.^[4]

Products and services

Algo trading platforms are uTrade Algos and Algowire Trading Technologies; the company cites over 10 years of experience in algo trading (FY25).^[4]
uTrade reached 6,543 paid subscribers in Q1 FY27, up from 5,231 in FY26; multi-broker expansion beyond Share India is planned.^[3]
Its trading systems include over 100 built-in algorithms for arbitrage, execution and market-making (FY25).^[4]
PMS was launched in Q1 FY27 and reached ₹150 Cr in direct PMS and advisory AUM within the first quarter; FY27 end target is ~₹250 Cr.^[3]
Share India Cred, the debt trading subsidiary, began operations in Q1 FY27, underwriting ₹74 Cr across 6 issues in its first quarter.^[3]
Insurance distribution collected gross written premium of ₹561 Mn in FY26 and ₹347 Mn in 9M FY26.^[5]
Merchant banking handled 18 IPO listings across 12 sectors and 6 geographies (FY25); it is moving from SME IPOs toward main board mandates, with one main board filing as of Q3 FY26.^[4][6]
Mutual fund AUM was ₹174 Crore in FY25.^[4]

Key operating numbers

Average Daily Turnover was ₹90 Bn in Q1 FY27; in Q3 FY26 it was ₹9,700 Cr, up 29% QoQ from ₹7,500 Cr in Q2 FY26.^[3]
MTF AUM reached ₹4,655 Mn (~₹470 Cr) at end of Q1 FY27, up 47.8% YoY from ₹3,150 Mn in Q1 FY26, and up from ₹424 Cr at end of FY26 and ₹237 Crore in FY25.^[3][4]
NBFC AUM was ₹2,682 Mn in Q1 FY27, vs ₹2,653 Mn at FY26 year-end and ₹2,470 Mn in Q3 FY26.^[3]
NBFC GNPA was 4.05% in Q1 FY27 vs 4.82% in Q1 FY26 and 4.30% at FY26 year-end; NNPA was 2.26% vs 2.66% in Q1 FY26.^[3]
NBFC NIM was 4.44% in Q1 FY27 vs 17.64% for FY26, reflecting a shift toward secured lending and a change in calculation basis.^[3]
Active retail broking clients stood at 48,061 in Q1 FY27.^[3]

Customers and client business

Active institutional clients grew to 212 in Q1 FY27 from 186 at end of FY26 and 137 at start of FY26.^[3]
Client business turnover crossed 53% of total for the first time in FY26, vs ~47% proprietary.^[5]
Clients range from banks and mutual funds to HNIs and retail investors (FY25).^[4]
The NBFC served 52,250 clients across 80 branches and franchises in FY25.^[4]

Distribution and branch network

The group had 280 branches and franchises across 16 states and operated from 103 offices in India, with no international offices, as of FY25.^[4]
Seven company-owned branches were operational in Q1 FY27, in Banaras, Indore, Bhopal, Raipur, Agra, Nagpur and Hyderabad, targeting Tier-3 city MTF-led client acquisition.^[3]
Each branch targets an MTF book of ₹15 Cr within 8 months to break even; branches missing targets within 12 months face closure.^[3]

Expansion and new initiatives

MTF AUM target is ₹1,000 Cr over the next two years from ₹470 Cr at Q1 FY27.^[3]
Target is 25-30 company-owned Tier-3 city branches over the next 24 months; 7 operational as of Q1 FY27.^[3]
Category 3 AIF launch expected in Q3 FY27 pending SEBI approval, under subsidiary Share India Wealth Multiplier Solutions Pvt Ltd.^[3]
Wealth management third-party distribution is targeted to start by Q3 FY27, with hiring underway.^[3]
Silverleaf Securities Research Pvt. Ltd. was incorporated as a subsidiary to expand HFT-based proprietary trading into international markets (FY25).^[4]
Commercial paper program started with a Crisil A1+ short-term rating; NCD issuance program in progress to fund MTF growth (Q1 FY27).^[3]
Board approved an FCCB fundraise of up to $50 million as of Q2 FY26 to lower funding costs and support MTF and retail growth.^[7]

Recent developments

NCLT Ahmedabad approved the amalgamation of Silverleaf Capital Services Pvt Ltd into the company on August 20, 2026; final order confirmed September 7, 2026.^[8]
NSE Clearing imposed a ₹1,00,000 penalty on August 6, 2026 for a Market Wide Position Limit violation; the company reported no impact on financials or operations.^[9]
NSE Clearing imposed a second ₹1,00,000 penalty in September 2026 for a further MWPL violation; the company again reported no impact.^[10]

Market Cap

₹3,757 Cr

High / Low

₹233 / 115

Stock P/E

11.6

Price / Book

1.6

Book Value

₹120

EPS

₹14.8

No. of Shares

21.88 Cr

ROE

13.0%

Sales

₹1,470 Cr

Net Profit

₹324 Cr

Promoter holding

48.6%

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Share India Securities Ltd(SHAREINDIA)

About

Business segments

Products and services

Key operating numbers

Customers and client business

Distribution and branch network

Expansion and new initiatives

Recent developments

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