Anand Rathi Share And Stock Brokers Limited (ARSSBL)

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Anand Rathi Share And Stock Brokers Limited (ARSSBL) · mywealthgrid

About

Stockbroking firm with ₹3,201.66 Cr market cap. Generates ₹227–₹255 Cr quarterly revenue at 40%+ operating margins—profitable mid-sized player in India's retail brokerage sector.

Face value: ₹5

Market cap

₹3,283 Cr

P/E

25.3×

P/B

2.4×

Dividend yield

ROE

14%

ROCE

23.9%

Debt / equity

0.62

OPM

40.7%

EPS (TTM)

₹20.7

Book value

₹214.9

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Revenue ₹227–₹255 Cr, net profit ₹23–₹42 Cr swing sharply; verify which segments and market conditions drive swings.
Foreign investor holdings dropped 67% in 3 months (0.82% Mar → 0.15% Jun 2026); verify if company-specific or sector rotation.
Earnings skew seasonal: Mar net profit ₹42 Cr was 78% above Jun ₹23.5 Cr; understand pattern before modeling run-rate.
PE 24.66 prices in margin or growth stability; erodes if volumes fall or passive/algo trading compresses brokerage.

Generated analysis · source review pending

Growth drivers

Margins 40.72% average (39.54–43.36% range); verify if structural across cycles or collapses with volume drop.
Dividend declared Jun 2026; verify frequency and payout ratio—sustainable or one-time return.
No data on account adds, AUM, or per-client activity; verify if new users and rising volume expand revenue.

Generated analysis · source review pending

245 historical price candles were omitted because the exchange source has not been verified.

₹521.1+4.1%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.2% (3-yr avg)
+High return on capital employed of 23.9%
+Healthy operating margin of 40.7%
+Profit CAGR of 50.7% over the last 3 years
+Revenue CAGR of 25.8% over the last 3 years
+High promoter holding of 69.6% with no pledge

Cons

−Weak interest coverage of 1.9×

Research score

Structured signal from quality, growth, valuation and momentum.

67/100

Business quality: 55
Growth: 78

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	468	682	846	932
	353	451	534	553
	115	231	311	380
OPM %	24.6%	33.8%	36.8%	40.7%
Depreciation	15	20	25	26
Interest	49	97	147	184
	1	1	1	2
Profit before tax	51	115	140	172
Tax	13	38	37	42
Tax %	26%	33%	26.2%	24.7%
	38	77	104	129
PAT margin %	8.1%	11.3%	12.3%	13.9%
EPS (₹)	9.4	19	23.4	24.1
EPS adjusted (₹)	—	—	—	20.6
	0%	0%	0%	20.7%
Annual report	—	—	—	Annual report for Mar 2026

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	20	22	22	31
Reserves	245	370	482	1,317
	133	254	145	831
	1,231	1,938	2,716	4,920
Total equity & liabilities	1,629	2,585	3,365	7,099
	32	38	50	78
CWIP	—	—	—	—
Investments	9	3	7	33
	1,588	2,544	3,309	6,989
Total assets	1,629	2,585	3,365	7,099

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	15	187	674	725
	-137	-599	-577	-1,146
	108	419	-112	462
Net cash flow	-13	6	-16	41
Free cash flow	—	—	658	708
CFO / Operating profit %	13.2%	81.1%	216.5%	191%

Compounded sales growth

7 years: —
5 years: —
3 years: 26%
1 year: 10%

Compounded profit growth

7 years: —
5 years: —
3 years: 51%
1 year: 25%

Return on equity

7 years: —
5 years: —
3 years: 17%
Last year: 10%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	24.6%	33.8%	36.8%	40.7%
EBIT margin %	21.3%	30.9%	33.8%	37.9%
PAT margin %	8.1%	11.3%	12.3%	13.9%
Working capital
Receivable days	159	132	109	123
Inventory days	—	—	—	0
Payable days	—	—	—	3,160
NWC days	—	—	—	-3,037
Leverage
Current ratio	—	—	—	1.25
Debt to EBITDA	1.15	1.1	0.47	2.19
Debt to equity	0.5	0.65	0.29	0.62
Interest coverage	2	2.2	2	1.9
Asset turnover	0.29	0.26	0.25	0.13
Return ratios
Return on assets %	2.3%	3%	3.1%	1.8%
Return on capital employed %	—	—	—	23.9%
Return on equity %	14.2%	19.7%	20.6%	9.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.9%	69.9%	69.92%	69.92%	69.62%
	2.83%	2.83%	1.91%	0.82%	0.15%
	11.32%	9.42%	6.09%	4.98%	4.06%
Government	0%	0%	0%	0%	0%
	15.95%	17.85%	22.08%	24.28%	26.17%
No. of shareholders	—	1,79,117	78,809	80,457	81,900

Promoter holding down 0.28 percentage points since Jun 2025.

23 deals · 30 Sept 2025 – 16 Jan 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Jan 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	4,40,383	₹683.02	₹30.08 Cr
16 Jan 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	4,40,383	₹683.17	₹30.09 Cr
16 Jan 2026	MATHISYS ADVISORS LLP	Bulk	NSE	Buy	3,26,647	₹680.88	₹22.24 Cr
16 Jan 2026	MATHISYS ADVISORS LLP	Bulk	NSE	Sell	3,25,893	₹679.72	₹22.15 Cr
19 Nov 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	3,24,173	₹722.43	₹23.42 Cr
19 Nov 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	2,90,583	₹728.15	₹21.16 Cr
1 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	4,14,513	₹457.47	₹18.96 Cr
1 Oct 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	4,14,513	₹456.88	₹18.94 Cr
30 Sept 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	7,06,224	₹441.10	₹31.15 Cr
30 Sept 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	6,94,644	₹441.49	₹30.67 Cr

1–10 of 23

1 / 3

Mr. Pradeep Navratan GuptaExecutive Director-Chairperson related to Promoter-MD
Mrs. Priti Pradeep GuptaNon-Executive - Non Independent Director
Mr. Roop Kishor BhootraExecutive Director
Mr. Vishal LaddhaExecutive Director
Mr. Vijay Kumar AgarwalNon-Executive - Independent Director
Mr. Suresh Mannalalji KakaniNon-Executive - Independent Director
Mr. Suresh Kishinchand KhatanharNon-Executive - Independent Director
Mrs. Sudha Pravin NavandarNon-Executive - Independent Director
Chetan Pravinbhai PrajapatiCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

0.85%

of the company's equity

All mutual funds

2.39%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
Portfolio of Kotak Small Cap Fund	Kotak Mahindra Mutual Fund	5.37 L	27.31	0.14%	0.852%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Annual Report FY2026from bse Summary

Offer and rights documents

Anand Rathi Share and Stock Brokers Limited — PROSPECTUSListing · 26 Sept 2025

Credit ratings

Investor Presentation and earnings call

Jul 2026Transcript AI SummaryPPTREC
Apr 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Final dividend23 Jun 2026 · ex-date₹5

1

Board meeting to consider results14 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

26 announcementsExport CSV

28 Sept 2026, 5:17 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

22 Sept 2026, 4:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

10 Sept 2026, 4:25 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

5 Sept 2026, 3:37 pmAGM/EGM

Anand Rathi Share And Stock Brokers Ltd - 544530 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

Postal Ballot PDF

5 Sept 2026, 3:35 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

Postal Ballot PDF

27 Aug 2026, 5:21 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

29 Jul 2026, 6:22 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

20 Jul 2026, 6:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

Date	Category	Subject	Filing
28 Sept 2026, 5:17 pm	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF
22 Sept 2026, 4:45 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	24.6%	33.8%	36.8%	40.7%
EBIT margin %	21.3%	30.9%	33.8%	37.9%
PAT margin %	8.1%	11.3%	12.3%	13.9%
Working capital
Receivable days	159	132	109	123
Inventory days	—	—	—	0
Payable days	—	—	—	3,160
NWC days	—	—	—	-3,037
Leverage
Current ratio	—	—	—	1.25
Debt to EBITDA	1.15	1.1	0.47	2.19
Debt to equity	0.5	0.65	0.29	0.62
Interest coverage	2	2.2	2	1.9
Asset turnover	0.29	0.26	0.25	0.13
Return ratios
Return on assets %	2.3%	3%	3.1%	1.8%
Return on capital employed %	—	—	—	23.9%
Return on equity %	14.2%	19.7%	20.6%	9.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Billionbrains Garage Ventures LimitedGROWWGROWW	₹1,12,994 Cr	₹1,13,218 Cr	₹5,242 Cr	₹3,234 Cr	59.1%	₹2,440 Cr	44.9%	29.4%	21.6%	-1,528
Motilal Oswal Financial Services LimitedMOTILALOFSMOTILALOFS	₹59,602 Cr	₹80,857 Cr	₹10,063 Cr	₹4,120 Cr	41.3%	₹1,980 Cr	20%	—	15.6%	—
360 One Wam Limited360ONE360ONE	₹42,297 Cr	₹57,749 Cr	₹4,638 Cr	₹2,875 Cr	62.1%	₹1,262 Cr	27.9%	—	14.4%	—
Nuvama Wealth Management LimitedNUVAMANUVAMA	₹31,051 Cr	₹42,594 Cr	₹4,884 Cr	₹2,554 Cr	52.7%	₹1,083 Cr	22.5%	—	27.4%	—
Angel One LimitedANGELONEANGELONE	₹25,280 Cr	₹33,159 Cr	₹5,426 Cr	₹2,028 Cr	35.4%	₹1,032 Cr	17.8%	—	15.6%	—
IIFL Capital Services LimitedIIFLCAPSIIFLCAPS	₹10,762 Cr	₹12,583 Cr	₹2,434 Cr	₹853 Cr	35%	₹572 Cr	23.3%	—	20.1%	—
Share India Securities LimitedSHAREINDIASHAREINDIA	₹4,487 Cr	₹5,158 Cr	₹1,577 Cr	₹633 Cr	38.8%	₹363 Cr	22.1%	—	13%	—
Anand Rathi Share And Stock Brokers LimitedARSSBLARSSBL	₹3,283 Cr	₹4,114 Cr	₹977 Cr	₹401 Cr	40.7%	₹130 Cr	13.9%	23.9%	14%	-3,037
Monarch Networth Capital LimitedMONARCHMONARCH	₹2,718 Cr	₹2,744 Cr	₹365 Cr	₹255 Cr	69.3%	₹181 Cr	48.7%	28.3%	20.5%	-1,399
Geojit Financial Services LimitedGEOJITFSLGEOJITFSL	₹2,113 Cr	₹2,177 Cr	₹678 Cr	₹145 Cr	24%	₹73 Cr	12.5%	—	6.8%	—
Smc Global Securities LimitedSMCGLOBALSMCGLOBAL	₹2,074 Cr	₹4,072 Cr	₹1,967 Cr	₹383 Cr	20.1%	₹109 Cr	5.5%	—	8.1%	—
Algoquant Fintech LimitedALGOQUANTALGOQUANT	₹1,898 Cr	₹1,929 Cr	₹235 Cr	₹53 Cr	22.4%	₹33 Cr	14.2%	17.6%	24.8%	2

Anand Rathi Share And Stock Brokers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Offer and rights documents

Credit ratings

Investor Presentation and earnings call

Events

Dividends1

Board meetings1

Announcements

Ratio timeline

Dividends1

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Offer and rights documents

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1