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Share India Securities Ltd.

BSE: 540725 Sector: Financials
NSE: N.A. ISIN Code: INE932X01018
BSE 00:00 | 23 Aug 66.50 0
(0.00%)
OPEN

66.50

HIGH

66.50

LOW

66.50

NSE 05:30 | 01 Jan Share India Securities Ltd
OPEN 66.50
PREVIOUS CLOSE 66.50
VOLUME 1000
52-Week high 112.85
52-Week low 66.50
P/E 9.53
Mkt Cap.(Rs cr) 162
Buy Price 66.00
Buy Qty 1000.00
Sell Price 71.50
Sell Qty 1000.00
OPEN 66.50
CLOSE 66.50
VOLUME 1000
52-Week high 112.85
52-Week low 66.50
P/E 9.53
Mkt Cap.(Rs cr) 162
Buy Price 66.00
Buy Qty 1000.00
Sell Price 71.50
Sell Qty 1000.00

Share India Securities Ltd. (SHAREINDIASEC) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me great pleasure to present to you Share India's first Annual Report post themaiden public offering in September 2017. I would like to personally thank you forreposing your confidence in us and the Company and look forward to delighting you with ourperformance in the years to come.

The year gone by has been a landmark year for the Company in other ways too. We havestrategically ventured into the synergistic business arenas of Merchant Banking andPortfolio Management Services. We have also acquired an NBFC giving us an inorganic entryinto the segment. With all these developments our presence in the financial sector hasexpanded considerably and we look forward to leveraging our current array of services andextensive client base to grow and create further inroads into our newer endeavors.

Over the past two and a half decades of our participation in the financial markets wehave grown considerably in terms of reach and revenue. We have also augmented the rangeof products and services that we offer our clients to become a financial conglomerate thatoffers a gateway into the Mutual Fund equity and commodity markets while it caters tothe needs of both individuals and corporates.

During our journey we have seen various avatars of the capital markets and haveadapted ourselves and emerged stronger. With the experience and insights that we gleanedwe are now in a strong position to guide our clients and take the firm to greater heights.

Today with your support and participation we stand on the cusp of an exciting future.The world economy is growing at a robust pace and so is the Indian economy. With afavorable demographic profile and various facilitating reforms the country is expected todrive global growth for decades to come. This growth in domestic incomes will certainlylead to a consumption boom as well as a spurt in investment both at the individual aswell as corporate levels. With the formalization of financial savings the investmentsflowing into the Mutual Fund and other regulated financial markets has increasedsignificantly and is expected to do so in future too. The mammoth MSME segment has alsobegun to venture into the formal financial sector partly due to the implementation ofGST. This will open up plethora opportunities for companies to tap the capital markets tofund their future growth. Given our unique positioning with offerings across thespectrum as well as our strong performance since our inception we are in a plum positionto facilitate our clients and grow.

Last year we clocked a revenue growth of 25% as our top-line increased from Rs. 1063mn in FY 2017 to Rs. 1333 mn in FY 2018. Our bottom line expanded by a sterling88.8% to reach Rs. 153.5 mn in FY 2018. A look at our performance since FY 2015reveals that we have achieved consistent growth. Our revenue has grown at a CAGR of 64.2%while our operating profit increased by a CAGR of 68.7% between FY 2015 and FY 2018. OurEBIT and PAT also displayed strong CAGR of 58.6% and 65.9% respectively. We have alsostrategically expanded our presence to over 300 business locations through which we caterto our 14000+ clients.

Looking ahead our vision for FY 2020 entails increasing our AP/SB count to over 500with an average clientele of 50-75 each. We also seek to forge institutional tie-ups inwestern and southern India to take advantage of our brand value. We have also set specifictargets in terms of AUM for different divisions specifically our Mutual Fund and PMSwhich we expect to achieve by FY 2020.

We are also excited with the prospects presented by the new businesses that we haveentered into recently. With the acquisition of the NBFC we anticipate generating a loanbook and thereby gaining market share in that segment while augmenting our client base byproviding LAS and margin funding to corporate clients. The Category I Merchant Bankinglicense that our wholly-owned subsidiary has received will also enable us to tap the vastopportunity provided by financial formalization as a result of which smaller companieswill approach the capital markets.

Beyond that we see ourselves growing further and expanding as a financial conglomerateto capitalize on the great opportunity presented by the evolving capital markets in India.

A large part of our success so far has been due to the commitment of our people. Iwould like to take this opportunity to thank them and appeal to their dedication in theyears ahead too. I also express my thanks to all our Directors and Management for theirinvaluable contribution through their vision and execution of strategy which have beencritical for the success of the Company. Finally I thank each and every shareholder forplacing your confidence in us.

With your continued support and trust we look forward to growing the Company as we arestrategically positioned - in the right place at the right time for the right reason.

Parveen Gupta

Chairman & Managing Director