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BN Rathi Securities Ltd (BNRSEC) · mywealthgrid

BN Rathi Securities Ltd

BSE:BNRSEC

FinancialsFinance

₹16.7

-3.14%1 Oct close

Mkt cap

₹70 Cr

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About

BN Rathi Securities Ltd operates in Other Financial Services within the Financials sector.

Face value: ₹5

Market cap

₹70 Cr

P/E

7.3×

P/B

0.9×

Dividend yield

ROE

12.8%

ROCE

18.9%

Debt / equity

OPM

10.8%

EPS (TTM)

₹2.3

Book value

₹18.9

52-week high

—

52-week low

—

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

₹16.7-5.1%1Y

Quick read

rule-based

Pros

+High return on capital employed of 22.3%
+Profit CAGR of 21.3% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 19×
+Dividend yield of 3%

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 59
Growth: 34
Valuation: 94

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.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Crisil LimitedCRISILCRISIL	₹32,373 Cr	₹32,373 Cr	₹4,126 Cr	₹1,229 Cr	29.7%	₹884 Cr	21%	33.9%	27.4%	48
RRP Semiconductor LtdRRPRRP	₹11,162 Cr	₹11,168 Cr	₹-7 Cr	₹-7 Cr	—	₹-8 Cr	—	-32.7%	-59.8%	—
Onemi Technology Solutions LimitedKISSHTKISSHT	₹6,254 Cr	₹7,346 Cr	₹2,179 Cr	₹651 Cr	29.9%	₹281 Cr	12.9%	32.9%	21%	-8
Asset Reconstruction Company (India) LimitedARCILARCIL	₹4,546 Cr	₹5,751 Cr	₹722 Cr	₹473 Cr	65.5%	₹-36 Cr	44.7%	—	-1.3%	—
Colab Platforms LtdCOLABCOLAB	₹2,622 Cr	₹2,624 Cr	₹158 Cr	₹2 Cr	1%	₹5 Cr	2.9%	23.2%	17.2%	9
Gyftr LtdGYFTRGYFTR	₹1,204 Cr	₹1,240 Cr	₹14 Cr	₹3 Cr	21.6%	₹2 Cr	12.9%	—	0.5%	—
Prime Securities LimitedPRIMESECUPRIMESECU	₹1,022 Cr	₹1,024 Cr	₹125 Cr	₹13 Cr	15.7%	₹5 Cr	9.6%	—	6.7%	—
Centrum Capital LimitedCENTRUMCENTRUM	₹969 Cr	₹17,026 Cr	₹3,643 Cr	₹948 Cr	29.2%	₹-217 Cr	-7.5%	12.7%	-46.8%	-519
Wealth First Portfolio Managers LimitedWEALTHWEALTH	₹952 Cr	₹952 Cr	₹58 Cr	₹37 Cr	72.3%	₹33 Cr	56%	34.5%	27.7%	563
Stellant Securities (India) LtdSTELLANTSTELLANT	₹518 Cr	₹518 Cr	₹0 Cr	₹-0 Cr	-93.8%	₹-0 Cr	-93.8%	-45.5%	-44.8%	0
The Investment Trust Of India LimitedTHEINVESTTHEINVEST	₹472 Cr	₹523 Cr	₹274 Cr	₹48 Cr	20.2%	₹33 Cr	12.2%	8.5%	4.2%	-42
Ndl Ventures LimitedNDLVENTURENDLVENTURE	₹422 Cr	₹1,328 Cr	₹1,044 Cr	₹149 Cr	17%	₹-38 Cr	0.2%	4.4%	-5.9%	-739

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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 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	14,450	27	26	24	30	39	41	48	48	54
Interest	642	0	0	1	1	1	2	1	1	1
Expenses	13,641	25	26	23	27	35	34	42	44	49
Financing profit	166	2	-0	-0	2	2	5	5	3	5
Financing margin %	1.2%	6.4%	-1.1%	-1.1%	7.3%	6.2%	11.4%	10.2%	6.3%	9.4%
Other income	1,879	2	2	3	3	5	6	10	10	9
Depreciation	410	0	0	0	0	0	0	0	1	1
Exceptional items	—	—	—	—	—	0	-0	0	—	0
Profit before tax	—	4	2	2	5	7	10	14	13	13
Tax	-75	1	1	1	2	2	3	4	3	4
Tax %	—	28.6%	36.1%	25.8%	31.6%	25.3%	27%	25.6%	25.8%	30.2%
PAT	1,272	3	1	2	4	5	8	11	9	9
EPS (₹)	—	—	—	—	—	—	—	—	—	2.3
EPS adjusted (₹)	—	1.4	0.6	0.8	1.8	1.5	2.3	2.6	2.3	2.3
	—	—	—	—	—	—	—	—	—	22%
Annual report	Annual report for Mar 2016	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	5	5	8	8	10	21	21
Reserves	15	16	16	20	28	35	53	50	58
Minority interest	—	—	—	—	—	—	—	0	0
	0	0	0	7	2	0	0	0	0
	41	41	40	86	110	112	142	113	127
Total equity & liabilities	62	62	61	118	148	156	205	184	206
	0	0	0	3	3	3	4	4	3
CWIP	—	—	—	—	—	—	—	—	0
Investments	1	0	2	1	2	4	11	9	76
	60	61	60	113	143	149	191	171	127
Total assets	62	62	61	118	148	156	205	184	206

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	0.6%	1.2%	9.7%	9.4%	16%	12.4%	8.1%	10.8%
EBIT margin %	0%	0.3%	8.9%	8.6%	15.1%	11.6%	6.7%	9.8%
PAT margin %	4.8%	7.2%	12.2%	13%	18.7%	22%	19.6%	17.3%
Working capital
Receivable days	161	66	109	100	70	93	121	133
Inventory days	0	0	0	3	0	0	0	0
Payable days	559	600	1,146	1,123	1,187	1,222	19	26
NWC days	-398	-534	-1,036	-1,021	-1,117	-1,130	102	107
Leverage
Current ratio	1.46	1.47	1.24	1.3	1.33	1.41	0.75	0.97
Debt to EBITDA	0	0.03	2.36	0.45	0	0	0	0
Debt to equity	0	0	0.27	0.04	0	0	0	0
Interest coverage	5.4	5.2	8.4	6.4	6.7	14.5	15.7	19
Asset turnover	0.42	0.39	0.25	0.26	0.26	0.23	0.26	0.26
Return ratios
Return on assets %	2%	2.8%	3.1%	3.4%	4.9%	5.1%	5.1%	4.6%
Return on capital employed %	11.4%	13.3%	24.8%	24%	29.8%	28.1%	20%	18.9%
Return on equity %	5.9%	8%	14.7%	13.7%	17.3%	16.7%	13.2%	11.9%

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 (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.1%	47.61%	47.61%	47.61%	47.61%	47.04%	47.04%	47.04%	47.04%	46.76%	46.76%	46.76%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	41.9%	52.39%	52.39%	52.39%	52.39%	52.96%	52.96%	52.96%	52.96%	53.24%	53.24%	53.24%
No. of shareholders	—	—	—	—	—	—	—	—	22,123	21,291	20,354	19,723

Promoter holding down 11.34 percentage points since Sep 2023.

15 deals · 12 Aug 2021 – 5 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
5 Jun 2026	RANGASAMY BALAKUMAR	Bulk	BSE	Buy	2,43,040	₹15.57	₹0.38 Cr
2 Dec 2024	VICKY MANUBHAI MEHTA	Bulk	BSE	Sell	83,162	₹210.37	₹1.75 Cr
29 Apr 2024	SURAJ ENTERPRISE PVT LTD	Bulk	BSE	Sell	73,470	₹100.24	₹0.74 Cr
7 Sept 2023	HARDIKKUMAR MAIYAJIBHAI DESAI	Bulk	BSE	Sell	55,744	₹54.96	₹0.31 Cr
7 Sept 2023	HARDIKKUMAR MAIYAJIBHAI DESAI	Bulk	BSE	Buy	55,744	₹53.60	₹0.30 Cr
28 Aug 2023	HARDIKKUMAR MAIYAJIBHAI DESAI	Bulk	BSE	Sell	56,443	₹48.58	₹0.27 Cr
28 Aug 2023	HARDIKKUMAR MAIYAJIBHAI DESAI	Bulk	BSE	Buy	56,443	₹47.36	₹0.27 Cr
5 Jun 2023	ROSHNI SRIVASTAVA	Bulk	BSE	Sell	90,266	₹35.20	₹0.32 Cr
5 Jun 2023	NIPA MANTHAN SANGHAVI	Bulk	BSE	Buy	42,311	₹35.01	₹0.15 Cr
5 Jun 2023	NIPA MANTHAN SANGHAVI	Bulk	BSE	Sell	5,055	₹36.37	₹0.02 Cr

1–10 of 15

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Laxminiwas SharmaNon-Executive - Non Independent Director-Chairperson
Mr. Harishchandra Prasad KanuriNon-Executive - Non Independent Director
Mrs. Dhanalakshmi GuntakaNon-Executive - Independent Director
Mr. Hari Narayan RathiExecutive Director-MD
Mr. Lakshminarayana BolisettyNon-Executive - Independent Director
Mr. Chetan RathiExecutive Director
Ms. Gadila Sabitha ReddyCompany 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.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in BN Rathi Securities Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

Annual reports

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

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

13 announcementsExport CSV

22 Sept 2026, 2:12 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

14 Aug 2026, 7:41 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

14 Aug 2026, 7:37 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

14 Aug 2026, 2:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

12 Aug 2026, 6:40 pmResult

Financial Results For The Quarter Ended 30.06.2026

Financial Results PDF

12 Aug 2026, 6:35 pmBoard Meeting

Board Meeting Outcome for Outcome Of The Board Meeting Held On 12.08.2026 For The Financial Results For The Quarter Ended 30.06.2026

Outcome of Board Meeting PDF

3 Aug 2026, 3:42 pmBoard Meeting

Board Meeting Intimation for The Financial Results For The Quarter Ended 30.06.2026

Exchange filing PDF

22 Jul 2026, 5:54 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
22 Sept 2026, 2:12 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
14 Aug 2026, 7:41 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	0.6%	1.2%	9.7%	9.4%	16%	12.4%	8.1%	10.8%
EBIT margin %	0%	0.3%	8.9%	8.6%	15.1%	11.6%	6.7%	9.8%
PAT margin %	4.8%	7.2%	12.2%	13%	18.7%	22%	19.6%	17.3%
Working capital
Receivable days	161	66	109	100	70	93	121	133
Inventory days	0	0	0	3	0	0	0	0
Payable days	559	600	1,146	1,123	1,187	1,222	19	26
NWC days	-398	-534	-1,036	-1,021	-1,117	-1,130	102	107
Leverage
Current ratio	1.46	1.47	1.24	1.3	1.33	1.41	0.75	0.97
Debt to EBITDA	0	0.03	2.36	0.45	0	0	0	0
Debt to equity	0	0	0.27	0.04	0	0	0	0
Interest coverage	5.4	5.2	8.4	6.4	6.7	14.5	15.7	19
Asset turnover	0.42	0.39	0.25	0.26	0.26	0.23	0.26	0.26
Return ratios
Return on assets %	2%	2.8%	3.1%	3.4%	4.9%	5.1%	5.1%	4.6%
Return on capital employed %	11.4%	13.3%	24.8%	24%	29.8%	28.1%	20%	18.9%
Return on equity %	5.9%	8%	14.7%	13.7%	17.3%	16.7%	13.2%	11.9%

₹ Cr	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1,446	7	-4	13	34	41	-5	5	-23	11
	1,523	3	-7	-3	-44	-23	5	2	40	27
	1,643	-1	-1	-2	1	6	2	15	-2	-3
Net cash flow	1,719	9	-12	8	-10	25	2	22	15	35
Free cash flow	-2,168	6	-4	13	31	41	-5	4	-23	10
CFO / Operating profit %	-178.9%	320.7%	—	—	—	—	-79.2%	82%	-587.8%	179.2%

BN Rathi Securities Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Announcements

Not in the F&O segment

No fund holdings on record

20

1

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

BN Rathi Securities Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Dividends20

Board meetings1

Stock splits1

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

20

1

1