Share India Securities Moat Analysis: Score & Risks
Share India Securities
A first-pass moat teardown of Share India Securities, built from single-pass filing evidence. Free note — provisional, and the full two-pass deep dive may revise it.
First-pass narrow read — primary edge in Intangible Assets. Provisional, single-pass evidence.
Share India Securities scores 5.38 on MoatSCORE 6.0 — a narrow moat in Broking. This is a first-pass note: the dimensional read and the filing receipts below come from a single GFIP evidence pass, not the full two-pass deep corpus behind our flagship deep dives. Provisional — published free while the deep version is queued.
Seven dimensions of moat
Ordered by contribution. Each dimension carries a verified filing quote, graded [M] mechanism or [O] outcome.
“our focus is more on the broking plus wealth. So we are focusing on quality research. Already a good research team is there”
“Strengthening Wealth Management: Vertical following successful launch of PMS business along with plans to introduce Alternative Investment Fund to broaden investment offerings”
“We aim to deepen our engagement with High-Frequency Trading (HFT) clients and further enhance retail participation through u-trade algos and services such as the Margin Trading Facility”
“Algorithmic & API-driven Platform + subscription + interest-led revenue Proprietary strategies, models & tech Low-latency automated execution Higher recurring & annuity income Client = Platform user”
“Member: NSE, BSE, MCX, NCDEX & MSEI”
“PMS is one thing we were looking to offer to the clients and we are getting very good response for the PMS from all the sectors of the clients.”
D8 rating: ADEQUATE. Not part of the moat score — it governs the cost of equity and the fade window. First-pass; not yet deep-reviewed.
The barrier gate — first-pass
Effective barrier 6.0 — clears the gate. First-pass estimate.
Deep two-pass review. This draft rests on a single GFIP evidence pass; the full 10-year AR + concall corpus may move the read.
The barrier gate. A firmer replication or bypass estimate is the most likely thing to shift the band.
Adverse events. Any governance, regulatory or funding shock captured in D8 could re-rate the fade window.
Where this note fits. This company is one of 113 Indian companies we have scored for moat durability — 88 narrow, 25 narrow-trending-wide, none wide. The full ranked read: Wide-Moat Stocks in India: We Scored 113 Companies and Found None. Every score, dimension by dimension, is free in the Moat Screener.
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