Financial services holding company with ₹17,920 crore market cap, operating subsidiaries generating ₹300 crore quarterly revenue. Maintains 35.75% operating margins but recent quarters show declining profitability (EPS ₹3.05 Mar 2026 → ₹2.72 Jun 2026), creating tension with the elevated 71.53 PE valuation.
Generated analysis · source review pending
Generated analysis · source review pending
2,281 historical price candles were omitted because the exchange source has not been verified.
Structured signal from quality, growth, valuation and momentum.
₹ crore, by fiscal year
% of revenue, by fiscal year
Comparable companies from the narrowest available industry classification.
Reported profit and loss, balance sheet, cash flow and growth history.
Annual operating, return, leverage and working-capital ratios.
Current futures and options contracts with compact option-chain pages.
Mutual-fund schemes that disclosed a holding in the company.
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
Upcoming dates and the company’s corporate-action history.
Latest exchange announcements, filings and downloadable documents.
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | — |
| EBITDA margin % | 20.3% | 28.8% | 25.6% | 29.2% | 31.3% | 35.8% |
| EBIT margin % | 18.5% | 27.5% | 24.4% | 28.3% | 30.3% | 34% |
| PAT margin % | 9.9% | 19.7% | 15.6% | 17.4% | 17.9% | 21.3% |
| Working capital | ||||||
| Receivable days | 165 | 110 | 109 | 91 | 110 | 142 |
| Inventory days | 0 | 0 | 10 | 0 | 11 | 0 |
| Payable days | 37 | 33 | 37 | 19 | 16 | 26 |
| NWC days | 127 | 77 | 83 | 73 | 106 | 117 |
| Leverage | ||||||
| Current ratio | 1.55 | 1.63 | 1.72 | 1.56 | 1.58 | 2.06 |
| Debt to EBITDA | 4.31 | 2.8 | 2.09 | 2.08 | 1.62 | 2.21 |
| Debt to equity | 0.56 | 0.53 | 0.43 | 0.72 | 0.45 | 0.53 |
| Interest coverage | 2.5 | 5.8 | 4.7 | 5.5 | 4.3 | 4.6 |
| Asset turnover | 0.26 | 0.28 | 0.35 | 0.42 | 0.35 | 0.31 |
| Return ratios | ||||||
| Return on assets % | 2.5% | 5.5% | 5.4% | 7.2% | 6.2% | 6.7% |
| Return on capital employed % | 12.8% | 23.6% | 19.6% | 29.4% | 24.7% | 21.9% |
| Return on equity % | 6.4% | 13.1% | 12.6% | 20.7% | 15.8% | 14.2% |
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.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 56.27% | 57.98% | 58.21% | 58.21% | 58.21% | 58.21% | 58.13% | 56.43% | 56.6% | 53.65% | 53.65% | 53.65% | |
| 15.44% | 13.58% | 12.44% | 12.22% | 12.72% | 13.7% | 13.63% | 13.97% | 12.97% | 12.16% | 11.41% | 10.1% | |
| 0.04% | 0.05% | 0.06% | 0.07% | 0.09% | 0.18% | 0.17% | 0.19% | 0.27% | 0.3% | 0.35% | 0.28% | |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 28.25% | 28.39% | 29.29% | 29.5% | 28.98% | 27.91% | 28.07% | 29.41% | 30.16% | 33.89% | 34.59% | 35.97% | |
| No. of shareholders | — | — | — | — | — | — | — | — | 27,094 | 26,659 | 26,091 | 25,427 |
| Company | Mkt Cap | EV | Revenue | EBITDA | OPM | PAT | NPM | ROCE | ROE | WC Days |
|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Holdings & Investment LimitedBAJAJHLDNGBAJAJHLDNG | ₹1,18,713 Cr | ₹1,18,713 Cr | ₹1,139 Cr | ₹965 Cr | 84.8% | ₹8,993 Cr | 915.2% | — | 14.2% | — |
| Choice International LimitedCHOICEINCHOICEIN | ₹16,028 Cr | ₹16,912 Cr | ₹1,194 Cr | ₹421 Cr | 35.8% | ₹251 Cr | 21.3% | 21.9% | 16.1% | 117 |
| Edelweiss Financial Services LimitedEDELWEISSEDELWEISS | ₹13,052 Cr | ₹31,557 Cr | ₹10,517 Cr | ₹2,903 Cr | 29.7% | ₹602 Cr | 6.5% | — | 12.1% | — |
| Jm Financial LimitedJMFINANCILJMFINANCIL | ₹11,809 Cr | ₹23,331 Cr | ₹4,180 Cr | ₹2,360 Cr | 61.4% | ₹1,040 Cr | 29.4% | — | 11.8% | — |
| Kama Holdings LimitedKAMAHOLDKAMAHOLD | ₹7,264 Cr | — | ₹38 Cr | ₹37 Cr | 97.7% | ₹38 Cr | 100.6% | — | 7.1% | — |
| Rane Holdings LimitedRANEHOLDINRANEHOLDIN | ₹2,172 Cr | ₹3,053 Cr | ₹6,129 Cr | ₹442 Cr | 7.4% | ₹84 Cr | 2.3% | 14.8% | 8.7% | 49 |
| Bf Investment LimitedBFINVESTBFINVEST | ₹1,616 Cr | ₹1,616 Cr | ₹78 Cr | ₹66 Cr | 83.9% | ₹390 Cr | 369.5% | — | 3.7% | — |
| Balmer Lawrie Investments LimitedBLILBLIL | ₹1,443 Cr | — | ₹124 Cr | — | — | ₹31 Cr | 25% | — | 16.7% | — |
| Abans Financial Services LimitedAFSLAFSL | ₹1,021 Cr | ₹1,765 Cr | ₹25,747 Cr | ₹206 Cr | 0.7% | ₹128 Cr | 0.4% | 12.2% | 8.3% | -0 |
| Max India LimitedMAXINDMAXIND | ₹856 Cr | ₹858 Cr | ₹214 Cr | ₹-112 Cr | -55.6% | ₹-132 Cr | -63.9% | -22.2% | -31.8% | -59 |
| Gfl LimitedGFLLIMITEDGFLLIMITED | ₹607 Cr | ₹607 Cr | ₹4 Cr | ₹2 Cr | 47.6% | ₹61 Cr | — | — | 1.8% | — |
| Nisus Finance Services Co LtdNISUSNISUS | ₹384 Cr | — | ₹561 Cr | ₹139 Cr | 24.7% | ₹70 Cr | 12.5% | — | — | — |
Documents link to external sources (exchange filings, company investor pages).
Promoter holding down 2.62 percentage points since Sep 2023.
| Person | Deal | Shares | Value | Holding | Filed |
|---|---|---|---|---|---|
| Shreeyam Trade Dynamics Private Limited (Formerly known as NS Technical Consultancy Private Limited)Promoter Group | BuyMarket Purchase | 1,00,000 | ₹8.24 cr | 2.64% → 2.69% | 18 Sept 20257(2) |
| Shreeyam Trade Dynamics Private Limited (Formerly known as NS Technical Consultancy Private Limited)Promoter Group | BuyMarket Purchase | 2,50,000 | ₹19.75 cr | 2.52% → 2.64% | 11 Sept 20257(2) |
Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.
| Date | Client | Type | Venue | Side | Quantity | Price | Value |
|---|---|---|---|---|---|---|---|
| 4 Jun 2025 | SOCIETE GENERALE | Bulk | BSE | Buy | 11,00,290 | ₹705.20 | ₹77.59 Cr |
| 4 Jun 2025 | BNP PARIBAS FINANCIAL MARKETS | Block | BSE | Sell | 11,00,000 | ₹705.20 | ₹77.57 Cr |
| 4 Jun 2025 | SOCIETE GENERALE | Block | BSE | Buy | 11,00,000 | ₹705.20 | ₹77.57 Cr |
| 4 Jun 2025 | BNP PARIBAS FINANCIAL MARKETS | Bulk | BSE | Sell | 11,00,000 | ₹705.20 | ₹77.57 Cr |
| 25 Jan 2024 | BNP PARIBAS ARBITRAGE | Block | BSE | Sell | 2,44,336 | ₹539.90 | ₹13.19 Cr |
| 25 Jan 2024 | SOCIETE GENERALE | Block | BSE | Buy | 2,44,336 | ₹539.90 | ₹13.19 Cr |
| 20 Mar 2023 | PATODIA PROPERTIES PRIVATE LIMITED | Bulk | BSE | Buy | 11,00,000 | ₹255.00 | ₹28.05 Cr |
| 20 Mar 2023 | PATODIA PROPERTIES PRIVATE LIMITED | Bulk | NSE | Buy | 10,30,000 | ₹255.03 | ₹26.27 Cr |
| 17 Mar 2023 | SCOUTBIT GENERAL TRADING LLC | Bulk | BSE | Buy | 11,88,417 | ₹255.00 | ₹30.30 Cr |
| 17 Mar 2023 | SCOUTBIT GENERAL TRADING LLC | Bulk | NSE | Buy | 9,94,330 | ₹255.00 | ₹25.36 Cr |
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.
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Closure of Trading Window
Intimation Of Book Closure And Record Date For Ensuing 33Rd Annual General Meeting Of The Company.
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Newspaper Publication
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
Letter To Shareholders- Intimation Of Annual General Meeting
| Date | Category | Subject | Filing |
|---|---|---|---|
| 1 Oct 2026, 1:17 pm | Company Update Newspaper Publication | Announcement under Regulation 30 (LODR)-Newspaper Publication | |
| 29 Sept 2026, 7:58 pm | AGM/EGM AGM | Shareholder Meeting / Postal Ballot-Scrutinizer''s Report | |
| 28 Sept 2026, 7:12 pm | Insider Trading / SAST Closure of Trading Window | Closure of Trading Window | |
| 15 Sept 2026, 6:09 pm | Corp. Action Record Date | Intimation Of Book Closure And Record Date For Ensuing 33Rd Annual General Meeting Of The Company. | |
| 8 Sept 2026, 5:33 pm | Company Update Analyst / Investor Meet | Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation | |
| 5 Sept 2026, 4:01 pm | Company Update Newspaper Publication | Announcement under Regulation 30 (LODR)-Newspaper Publication | |
| 5 Sept 2026, 11:07 am | Insider Trading / SAST Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 | Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. | |
| 4 Sept 2026, 7:10 pm | Company Update General | Letter To Shareholders- Intimation Of Annual General Meeting |
24 schemes · 8 fund houses
| Shares | ||||||
|---|---|---|---|---|---|---|
| Nifty Smallcap 250 Index Fund | Nippon India Mutual Fund | 1.36 L | 10.6 | 0.3% | 0.061% | +1,660 |
| Nifty Smallcap 250 Index Fund | SBI Mutual Fund | 69,019 | 5.39 | 0.3% | 0.031% | +772 |
| (Investment Manager for Motilal Oswal Mutual Fund) | Motilal Oswal Mutual Fund | 50,032 | 3.91 | 0.3% | 0.022% | +454 |
| Nifty Smallcap 250 Index Fund | ICICI Prudential Mutual Fund | 30,439 | 2.38 | 0.3% | 0.014% | +614 |
| (Investment Manager for Motilal Oswal Mutual Fund) | Motilal Oswal Mutual Fund | 13,585 | 1.06 | 0.03% | 0.006% | +466 |
| Nifty 500 Equal Weight Index Fund | Nippon India Mutual Fund | 12,969 | 1.01 | 0.19% | 0.006% | +6 |
| (Investment Manager for Motilal Oswal Mutual Fund) | Motilal Oswal Mutual Fund | 9,777 | 0.76 | 0.3% | 0.004% | -534 |
| IB20-Groww Nifty Smallcap 250 Index Fund | Groww Mutual Fund | 5,380 | 0.42 | 0.3% | 0.002% | +27 |
Consolidated figures · ₹ crore
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 169 | 272 | 385 | 751 | 910 | 1,119 | |
| Interest | 15 | 15 | 22 | 40 | 66 | 89 |
| Expenses | 134 | 194 | 287 | 532 | 626 | 719 |
| Financing profit | 19 | 63 | 77 | 179 | 219 | 311 |
| Financing margin % | 11.2% | 23.1% | 19.9% | 23.8% | 24% | 27.8% |
| Other income | 7 | 14 | 10 | 9 | 11 | 25 |
| Depreciation | 3 | 3 | 5 | 7 | 9 | 20 |
| Profit before tax | 23 | 74 | 82 | 181 | 221 | 316 |
| Tax | 6 | 20 | 22 | 50 | 59 | 79 |
| Tax % | 26.8% | 27.2% | 26.7% | 27.6% | 26.5% | 24.8% |
| PAT | 17 | 54 | 60 | 131 | 163 | 238 |
| EPS (₹) | — | 13.8 | 6 | 6.6 | 8.2 | 11.3 |
| EPS adjusted (₹) | 1.5 | 2.7 | 3 | 6.6 | 7.9 | 9.8 |
| Annual report | 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 | — |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 29 | 50 | 100 | 199 | 200 | 223 |
| Reserves | 234 | 360 | 378 | 432 | 828 | 1,449 |
| Minority interest | — | 1 | 5 | 9 | 78 | 152 |
| 148 | 219 | 206 | 455 | 461 | 884 | |
| 245 | 348 | 421 | 710 | 1,053 | 858 | |
| Total equity & liabilities | 656 | 978 | 1,108 | 1,806 | 2,619 | 3,566 |
| 84 | 86 | 125 | 132 | 225 | 298 | |
| CWIP | — | 0 | 0 | 0 | 1 | 10 |
| Investments | 8 | 12 | 13 | 25 | 60 | 253 |
| 563 | 880 | 971 | 1,649 | 2,333 | 3,005 | |
| Total assets | 656 | 978 | 1,108 | 1,806 | 2,619 | 3,566 |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Broking & Distribution Services | 639.64 | 177.55 | 1,533.81 | 986.34 | 547.47 | 32.43 |
| Advisory Services | 329.92 | 120.15 |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| -45 | -34 | 263 | -148 | -294 | -267 | |
| 15 | -113 | -180 | -18 | -161 | -277 | |
| 23 | 139 | -21 | 224 | 449 | 600 | |
| Net cash flow | -7 | -8 | 62 | 58 | -6 | 56 |
| Free cash flow | -46 | -38 | 237 | -161 | -323 | -283 |
| CFO / Operating profit % | -130.5% | -43.8% | 267.3% | -67.7% | -103.5% | -66.8% |
| 581.29 |
| 120.92 |
| 460.37 |
| 26.1 |
| NBFC Services | 164.26 | 17.03 | 1,060.07 | 602.46 | 457.61 | 3.72 |
| Unallocable | 50.21 | 0 | 390.82 | 32.51 | 358.31 | 0 |
₹ crore by fiscal year