Shardul Securities Ltd.

Financial

	Shardul Securities	Industl. Invst.Trust	Welspun Investments
Operational Metrics
Financials
5 yr Average ROE	3.72 %	2.15 %	3.57 %
5yr average Equity Multiplier	1.05	1.04	1.02
5yr Average Asset Turnover Ratio	0.07	0.05	0.05
5yr Avg Net Profit Margin	20.1 %	53.82 %	68.75 %
5yr Avg Net Profit Margin	20.1 %	53.82 %	n/a
5yr CAGR Net Profit	n/a	n/a	n/a
5yr CAGR Sales	98.76 %	20.14 %	n/a
5 yr CAGR PPOP	n/a	n/a	n/a
Price to Book	0.55	0.93	0.6
P/E	11.67	102.8	117.74
Shareholdings
Promoter Holding	74.84 %	51.73 %	74.58 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-6.24 %	0.0
Change in Mutual Fund Holding (3 Yrs)	0.0	0.0	0.0

Business

	Shardul Securities	Industl. Invst.Trust	Welspun Investments
Product Wise Break-Up	Product Wise Break-Up Brokerage Income 45.89 Rent Income 21.7 Dividend Income 21.05 Interest Income 11.36 Other activity 0 Investment & Finance activity 0 Income from Advisory Fees and Services 0 Sale of services 0 Sale of products 0 Fees and commission income 0 Interest income 0 Dividend income 0 Interest received on bonds 0 Profit on sale of investments 0 Sale of products - cotton bales 0	Product Wise Break-Up Income from Advisory Fees and Services 0 Fees and commission income 0 Rent Income 0 Dividend Income 0 Sale of products 0 Interest Income 99.84 Profit on sale of investments 0 Brokerage Income 0 Interest received on bonds 0 Dividend income 0 Other activity 0 Investment & Finance activity 0 Sale of products - cotton bales 0 Sale of services 0 Interest Income 0 Others 0.16	Product Wise Break-Up Income from Advisory Fees and Services 0 Fees and commission income 0 Rent Income 0 Dividend Income 0 Sale of products 0 Interest income 0 Profit on sale of investments 0 Brokerage Income 0 Asset Management 5.31 Financial Services 93.09 Other activity 0 Investment & Finance activity 0 Sale of products - cotton bales 0 Sale of services 0 Interest Income 0 Others 1.6
Operating Profit Break-Up	Operating Profit Break-Up Others 100	Operating Profit Break-Up Others 100	-
Asset Break-Up	Asset Break-Up Investment & Finance activity 94.99 Other activity 5.01	-	-