Sugal & Damani Share Brokers Ltd (511654)
🎯 Key Takeaways
- Sugal & Damani Share Brokers Ltd appears to be in a volatile, low-volume operational phase with intermittent profitability, marked by declining revenue trends and inconsistent earnings, suggesting a transitional or stagnant lifecycle rather than active growth or recovery..
- Revenue declined 70.9% QoQ to ₹2 in Q1FY27.
- ⚠️ The company faces persistent revenue volatility and a lack of consistent earnings, with profitability highly sensitive to sporadic operational activit
- Market Cap
- ₹42
- P/E Ratio
- 18.4
- P/B Ratio
- 1.40
- ROE
- 7.6%
- ROCE
- 10.5%
- Debt/Equity
- 0.02
- Div Yield
- 1.49%
- Promoter
- 72.4%
📖 The Story
Sugal & Damani Share Brokers Ltd appears to be in a volatile, low-volume operational phase with intermittent profitability, marked by declining revenue trends and inconsistent earnings, suggesting a transitional or stagnant lifecycle rather than active growth or recovery.
📰 What's Happening
Management has not announced any new strategic initiatives in recent filings, but operational activity shows signs of stabilization — small-scale revenue generation in Q1FY27 (₹2 crore) and improved profitability in Q4FY26 (OPM 21.6%, NP ₹1 crore) indicate potential bottoming after prior losses. However, no major orders, expansions, or acquisitions are disclosed in the latest regulatory filings.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 6 | 6 | 2 | 5 | 2 |
| Operating Profit | 2 | 1 | -0 | 1 | 0 |
| OPM % | 40.4% | 24.5% | -2.8% | 21.6% | 3.1% |
| Net Profit | 2 | 1 | 0 | 1 | 0 |
| EPS | ₹3.26 | ₹2.10 | ₹0.26 | ₹0.98 | ₹0.30 |
Revenue has fluctuated significantly over the past year, peaking at ₹6 crore in Q2FY25 before declining to ₹2 crore in Q4FY25 and Jun 2026, with profitability remaining erratic — positive in some quarters but zero or negative in others. This inconsistency suggests operational sensitivity to market demand or project cycles, though recent quarters show marginal improvement in margins and net profit.
🔮 Management Outlook & What's Next
There is no explicit forward guidance or strategic outlook provided in the latest filings; management commentary remains silent on future expectations, leaving investor sentiment reliant on historical performance rather than articulated growth plans.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2024 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 |
| Reserves | 15 | 20 | 24 | 23 |
| Borrowings | 4 | 2 | 0 | 1 |
| Total Liabilities | 28 | 33 | 33 | 34 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 2 | 11 | 20 | 17 |
| Total Assets | 28 | 33 | 33 | 34 |
The balance sheet remains extremely conservative, with negligible debt (₹1 crore in Mar 2026) and stable equity-reserve levels, indicating minimal capital expenditure or financial risk-taking. Total assets have plateaued around ₹33–34 crore, suggesting limited reinvestment or expansion activity.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +14 |
| Investing | -9 |
| Financing | -2 |
| Net Cash Flow | +3 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 71.0% | 72.4% | 72.4% | 72.4% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 21.4% | 20.1% | 20.0% | 20.0% |
| # Shareholders | 3,253 | 3,331 | 3,332 | 3,283 |
Promoter holding remains stable at 72.43%, signaling confidence or lack of urgency to divest, while institutional (FII/DII) ownership is entirely absent, and public shareholding has slightly declined, reflecting limited investor interest or liquidity.
⚖️ Peer Comparison — Diversified
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| 3MINDIA | 37,610 | 61.5 | 38.4% | — | 0.00 |
| NAVA | 15,503 | 20.5 | 13.3% | — | 0.25 |
| DCMSHRIRAM | 14,726 | 10.7 | 12.1% | — | 0.36 |
| IBULLSLTD | 6,723 | 15.3 | -2841.4% | — | -0.95 |
| QUESS | 5,093 | 20.1 | 27.2% | — | 0.00 |
| BALMLAWRIE | 2,775 | 9.9 | 16.3% | — | 0.04 |
| BLUSPRING | 2,230 | — | 3.0% | — | 0.12 |
| GOCLCORP | 1,879 | 5.5 | 11.5% | — | 0.00 |
| TTKHLTCARE | 1,433 | 19.4 | 8.5% | — | 0.02 |
| 512014 | 1,410 | 54.3 | 38.2% | — | 0.08 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
The company faces persistent revenue volatility and a lack of consistent earnings, with profitability highly sensitive to sporadic operational activity. Management has not articulated a clear path to sustainable growth, and the absence of institutional interest raises concerns about market confidence. Additionally, the cyclical nature of brokerage revenues exposes it to regulatory and sector-specific headwinds.
📋 Recent Filings
- 🟡 voting results2026-09-29Sugal & Damani Share Brokers Ltd held its 33rd AGM on September 28, 2026 via video conferencing. All five resolutions — adopting audited standalone an…
- 🟡 Board Meeting2026-09-28Sugal Earthen Spaces Ventures Limited held its 33rd AGM on September 28, 2026 via video conference, adopting audited standalone and consolidated finan…
- 🔴 Financial Results2026-09-28Sugal & Damani Share Brokers Ltd held its 33rd Annual General Meeting on September 28, 2026, where shareholders approved the audited standalone and co…
- 🟡 Board Meeting2026-09-24The company announced its 33rd Annual General Meeting will be held on Monday, September 28, 2026 at 11:30 AM via video conference to transact ordinary…
- 🟡 Board Meeting2026-09-23Sugal & Damani Share Brokers announced its 33rd Annual General Meeting on September 28, 2026 at 11:30 AM via video conference to adopt audited financi…
- 🔴 Corporate Action2026-09-07Sugal & Damani Share Brokers Ltd announced a record date of September 21, 2026 for a final dividend of ₹1 per share, payable to shareholders listed on…
- 🔴 annual report2026-09-03Sugal & Damani Share Brokers Ltd (now Sugal Earthen Spaces Ventures Ltd) reported consolidated net profit of ₹412.84 lakhs for FY2025-26, down from ₹4…
- 🟡 Board Meeting2026-09-02Sugal & Damani Share Brokers announced its 33rd Annual General Meeting on September 28, 2026 at 11:30 AM via video conference. Shareholders will vote …
🧠 Analyst's Read
Sugal & Damani Share Brokers operates in a fragile financial state with no visible catalysts for improvement; investors should monitor for signs of stabilized revenue flow or strategic shifts, but current indicators suggest limited upside without renewed market activity or clearer management direction.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-29.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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