Share India Securities released its FY 2025-26 annual report, showing flat consolidated income of Rs 1,470 crore but a 12.6% jump in EBITDA to Rs 605 crore. While PAT saw a marginal 1.1% dip due to rising finance costs, the company continues to pivot toward a diversified model through its new PMS business, uTrade platform, and NBFC vertical. Shareholders will receive a total dividend of Rs 1.60 per share.
Share India Securities FY26 Financial Performance
Consolidated EBITDA grew by 12.58% to Rs 605.49 crore, while PAT saw a marginal contraction of 1.11% to Rs 324.44 crore.
Reader Takeaway: Strong operational growth in tech and NBFC segments faces pressure from rising finance costs and debt servicing.
What just happened
Share India Securities has released its Annual Report for FY 2025-26, highlighting a strategic transition into a broad-based financial services group. Total income remained steady at Rs 1,470.26 crore. The company saw robust growth in its standalone business, with revenue rising 7.86% and PAT increasing by 20.70%. The board has recommended a final dividend of Rs 0.50 per share, bringing the total annual payout to Rs 1.60.
Why this matters
The company is successfully scaling non-brokerage verticals. Its new Portfolio Management Services (PMS) reached Rs 100 crore AUM, and the uTrade Algo platform hit 5,000 paid subscribers. These efforts are designed to create recurring revenue streams, reducing the firm's historical reliance on volatile proprietary trading income.
The backstory
Over the last two years, Share India has aggressively expanded into NBFC lending, insurance broking, and merchant banking. The firm also plans to acquire Enshrine Leasing and Infotech to consolidate its IT infrastructure and Mumbai property holdings.
Risks to watch
Interest coverage ratios have tightened from 5.94 to 4.42, reflecting higher finance costs associated with increased borrowing. Additionally, as an algo-heavy trading firm, Share India remains highly sensitive to evolving SEBI regulations regarding automated trading practices.
Context metrics
- EBITDA Margin: 41.18% (up from 37.12% in FY25).
- NBFC Loan Book: Rs 265.33 crore with 17.64% NIMs.
- Credit Ratings: CRISIL A+/Stable reaffirmed; CARE A+/Stable assigned for NCDs.
What to track next
Watch for the launch of the Category III AIF and the outcome of the proposed acquisition of Enshrine Leasing, which will indicate how effectively the company manages its expanding balance sheet.