The historical rank and industry rank for Shardul Securities's ROE % or its related term are showing as below:
BOM:512393'
s ROE % Range Over the Past 10 Years
Min: -7.22 Med: 1.13 Max: 17.51
Current: -7.03
During the past 13 years, Shardul Securities's highest ROE % was 17.51%. The lowest was -7.22%. And the median was 1.13%.
BOM:512393's ROE % is ranked worse than 80.83% of 793
companies
in the Capital Markets industry
Industry Median: 6.01
vs BOM:512393: -7.03
Shardul Securities (BOM:512393) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Shardul Securities ROE % Related Terms
Shardul Securities ROE % Historical Data
* Premium members only.
The historical data trend for Shardul Securities's ROE % 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.
For the Capital Markets subindustry, Shardul Securities's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Shardul Securities's ROE % distribution charts can be found below:
* The bar in red indicates where Shardul Securities's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Shardul Securities (BOM:512393) has a ROE % of -38.76% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Shardul Securities and its competitors. According to the industry distribution chart, Shardul Securities ranks #641 out of 793 companies in the Capital Markets industry, placing it in the top 80.8%.
Is Shardul Securities' ROE % too high?
Shardul Securities' current ROE % is -38.76%. Based on the distribution chart, Shardul Securities ranks #641 out of 793 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Shardul Securities has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shardul Securities' ROE % compare to MS and GS?
According to the Capital Markets industry distribution chart, Shardul Securities ranks #641 out of 793 companies for ROE %. This places Shardul Securities in the lower half of its industry. The industry median ROE % is 6.01. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Capital Markets company?
The median ROE % among Capital Markets companies is 6.01, based on 793 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Shardul Securities and its competitors. For the Capital Markets industry, the median ROE % is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shardul Securities's current ROE % is -38.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shardul Securities stock overvalued right now?
Based on GuruFocus' analysis, Shardul Securities (BOM:512393) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹9.28, compared to a current price of ₹27.36 — trading 194.8% above its estimated fair value. The current ROE % is -38.76%. Shardul Securities' overall GF Score™ is 51/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Shardul Securities (BOM:512393), the current ROE % is -38.76% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shardul Securities (BOM:512393) Overvalued in 2026?
Based on GuruFocus' analysis, Shardul Securities stock appears to be overvalued.
The current stock price of ₹27.36 is trading 194.8% above its estimated GF Value™ of ₹9.28.
GuruFocus considers Shardul Securities to be Significantly Overvalued.
Key valuation signals for BOM:512393:
ROE %: -38.76%
GF Value™: ₹9.28 vs. price of ₹27.36 (194.8% above fair value)
No single metric tells the full story. See the BOM:512393 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
51GF Score
Get the complete analysis for BOM:512393
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:512393 has been successfully added to your 
