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Shardul Securities (BOM:512393) Cyclically Adjusted Revenue per Share : ₹2.67 (As of Dec. 2024)


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What is Shardul Securities Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Shardul Securities's adjusted revenue per share for the three months ended in Dec. 2024 was ₹-1.614. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₹2.67 for the trailing ten years ended in Dec. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2025-05-30), Shardul Securities's current stock price is ₹48.22. Shardul Securities's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was ₹2.67. Shardul Securities's Cyclically Adjusted PS Ratio of today is 18.06.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Shardul Securities was 35.42. The lowest was 14.84. And the median was 26.26.


Shardul Securities Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Shardul Securities's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shardul Securities Cyclically Adjusted Revenue per Share Chart

Shardul Securities Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
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Shardul Securities Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 2.99 2.96 2.67

Competitive Comparison of Shardul Securities's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Shardul Securities's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Shardul Securities's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Shardul Securities's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shardul Securities's Cyclically Adjusted PS Ratio falls into.


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Shardul Securities Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Shardul Securities's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-1.614/158.3229*158.3229
=-1.614

Current CPI (Dec. 2024) = 158.3229.

Shardul Securities Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200903 0.000 56.615 0.000
201003 0.000 65.030 0.000
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
201206 0.205 79.567 0.408
201209 0.257 82.244 0.495
201212 0.127 83.774 0.240
201303 -0.195 85.687 -0.360
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 0.165 111.317 0.235
201809 0.142 115.142 0.195
201812 0.117 115.142 0.161
201903 0.217 118.202 0.291
201906 0.350 120.880 0.458
201909 0.036 123.175 0.046
201912 0.187 126.235 0.235
202003 -0.088 124.705 -0.112
202006 0.137 127.000 0.171
202009 0.218 130.118 0.265
202012 0.212 130.889 0.256
202103 0.060 131.771 0.072
202106 0.305 134.084 0.360
202109 0.225 135.847 0.262
202112 0.064 138.161 0.073
202203 0.081 138.822 0.092
202206 -0.129 142.347 -0.143
202209 0.174 144.661 0.190
202212 0.418 145.763 0.454
202303 -0.614 146.865 -0.662
202306 2.246 150.280 2.366
202309 3.344 151.492 3.495
202312 4.404 152.924 4.559
202403 1.563 153.035 1.617
202406 6.214 155.789 6.315
202409 0.247 157.882 0.248
202412 -1.614 158.323 -1.614

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Shardul Securities  (BOM:512393) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Shardul Securities's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=48.22/2.67
=18.06

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Shardul Securities was 35.42. The lowest was 14.84. And the median was 26.26.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Shardul Securities Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Shardul Securities's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Shardul Securities Business Description

Traded in Other Exchanges
N/A
Address
G-12, Tulsiani Chambers, 212, Nariman Point, Mumbai, MH, IND, 400 021
Shardul Securities Ltd is an India-based company engaged in investment activities. The company's operating segment includes Investment and Finance activities which include investment and lending activities, and Others which include Broking activities. It generates maximum revenue from the Investment and Finance activities segment. Geographically, it operates only in India.

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