B N Rathi Securities Ltd

₹ 33.4 0.30%
12 Aug - close price
About

B. N. Rathi Securities Limited was incorporated in 1985. The Company is primarily engaged in the business of broking in securities.
It also deals in depository operations and institutional equities. The registered office of the company is in Hyderabad. [1]

Key Points

History
The Company was incorporated by Late Shri B.N.Rathi, Founder Member of Hyderabad Stock Exchange Former Chairman of AP Mahesh Co-operative Bank and Director of many other companies.
Co. is a stockbroking firm providing integrated types of services. [1]

  • Market Cap 28.0 Cr.
  • Current Price 33.4
  • High / Low 52.0 / 25.6
  • Stock P/E 5.16
  • Book Value 43.6
  • Dividend Yield 3.00 %
  • ROCE 22.7 %
  • ROE 16.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.76 times its book value

Cons

  • Company has a low return on equity of 13.8% for last 3 years.
  • Contingent liabilities of Rs.24.9 Cr.
  • Earnings include an other income of Rs.4.95 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
5.83 6.27 5.50 6.07 6.19 8.42 7.70 7.42 8.96 9.51 9.71 10.41 10.05
5.67 6.28 5.59 5.84 5.73 7.02 7.09 7.02 8.02 8.36 8.75 9.81 8.64
Operating Profit 0.16 -0.01 -0.09 0.23 0.46 1.40 0.61 0.40 0.94 1.15 0.96 0.60 1.41
OPM % 2.74% -0.16% -1.64% 3.79% 7.43% 16.63% 7.92% 5.39% 10.49% 12.09% 9.89% 5.76% 14.03%
0.73 0.71 0.67 0.65 0.78 0.94 0.67 1.00 1.02 0.96 1.28 1.38 1.33
Interest 0.16 0.14 0.12 0.12 0.13 0.20 0.20 0.19 0.25 0.26 0.34 0.41 0.45
Depreciation 0.05 0.05 0.06 0.05 0.05 0.06 0.07 0.06 0.05 0.08 0.09 0.09 0.09
Profit before tax 0.68 0.51 0.40 0.71 1.06 2.08 1.01 1.15 1.66 1.77 1.81 1.48 2.20
Tax % 26.47% 27.45% 27.50% 21.13% 24.53% 24.52% 24.75% 57.39% 24.70% 24.29% 24.86% 27.03% 25.00%
Net Profit 0.50 0.37 0.29 0.55 0.81 1.57 0.77 0.49 1.25 1.33 1.35 1.09 1.66
EPS in Rs 0.60 0.44 0.35 0.65 0.96 1.87 0.92 0.58 1.49 1.58 1.61 1.30 1.98

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
8.54 8.65 9.54 11.58 19.01 23.04 28.70 29.66 28.08 26.42 33.11 43.22 39.68
6.80 7.11 8.24 10.30 15.80 19.23 24.18 25.33 25.58 23.38 26.85 34.96 35.56
Operating Profit 1.74 1.54 1.30 1.28 3.21 3.81 4.52 4.33 2.50 3.04 6.26 8.26 4.12
OPM % 20.37% 17.80% 13.63% 11.05% 16.89% 16.54% 15.75% 14.60% 8.90% 11.51% 18.91% 19.11% 10.38%
0.12 0.19 0.21 0.20 0.04 0.32 0.02 0.05 0.02 0.01 0.01 0.01 4.95
Interest 0.31 0.33 0.22 0.21 0.40 0.68 0.33 0.33 0.44 0.55 0.72 1.25 1.46
Depreciation 0.25 0.25 0.23 0.20 0.46 0.47 0.34 0.24 0.15 0.21 0.23 0.31 0.35
Profit before tax 1.30 1.15 1.06 1.07 2.39 2.98 3.87 3.81 1.93 2.29 5.32 6.71 7.26
Tax % 31.54% 29.57% 30.19% 29.91% 30.13% 34.23% 34.63% 28.61% 36.27% 25.33% 31.58% 25.34%
Net Profit 0.89 0.81 0.75 0.75 1.67 1.96 2.53 2.72 1.24 1.70 3.64 5.01 5.43
EPS in Rs 1.06 0.96 0.89 0.89 1.99 2.33 3.01 3.24 1.48 2.02 4.33 5.96 6.47
Dividend Payout % 33.98% 31.11% 33.60% 40.32% 22.63% 20.57% 19.92% 22.24% 40.65% 29.65% 16.62% 0.00%
Compounded Sales Growth
10 Years: 17%
5 Years: 9%
3 Years: 15%
TTM: 22%
Compounded Profit Growth
10 Years: 20%
5 Years: 15%
3 Years: 59%
TTM: 33%
Stock Price CAGR
10 Years: 13%
5 Years: 6%
3 Years: 31%
1 Year: 11%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 14%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2.52 2.52 2.52 2.52 2.52 5.04 5.04 5.04 5.04 5.04 5.04 8.40
Reserves 5.71 6.22 6.62 7.02 8.20 10.71 13.23 15.31 15.87 16.10 19.79 28.26
3.54 0.25 0.65 0.09 1.07 0.27 0.16 0.04 0.00 0.01 6.85 1.69
17.61 12.76 12.72 19.71 25.99 32.79 35.24 41.47 40.75 40.32 86.04 109.53
Total Liabilities 29.38 21.75 22.51 29.34 37.78 48.81 53.67 61.86 61.66 61.47 117.72 147.88
0.86 0.99 0.66 0.65 0.30 0.55 0.34 0.35 0.27 0.27 3.11 3.46
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.90 1.35 0.07 1.70 1.31 1.66
28.52 20.76 21.85 28.69 37.48 48.26 52.43 60.16 61.32 59.50 113.30 142.76
Total Assets 29.38 21.75 22.51 29.34 37.78 48.81 53.67 61.86 61.66 61.47 117.72 147.88

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
7.99 -17.95 -1.22 2.65 5.66 -1.45 -2.01 6.67 -4.14 13.46 33.61 41.15
0.33 1.13 1.89 1.02 1.75 1.43 0.25 3.22 -7.09 -3.16 -44.42 -22.69
-0.61 -0.37 -0.09 -4.12 0.24 7.34 -0.93 -1.06 -1.01 -1.82 1.09 6.16
Net Cash Flow 7.71 -17.19 0.58 -0.45 7.65 7.32 -2.69 8.83 -12.23 8.48 -9.73 24.63

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 263.28 120.68 100.24 200.15 117.12 139.73 167.37 137.21 147.40 58.71 98.22 89.10
Inventory Days
Days Payable
Cash Conversion Cycle 263.28 120.68 100.24 200.15 117.12 139.73 167.37 137.21 147.40 58.71 98.22 89.10
Working Capital Days -459.03 -129.54 -211.58 -68.40 -180.48 -158.42 -74.65 -140.04 -92.81 -293.44 -588.01 -791.65
ROCE % 16.54% 14.26% 15.02% 13.29% 26.05% 24.09% 24.38% 21.28% 11.48% 13.50% 22.87% 22.73%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
52.33 52.33 52.33 52.33 52.33 52.33 53.48 53.48 53.48 53.48 58.10 58.10
47.67 47.67 47.67 47.67 47.67 47.67 46.52 46.52 46.52 46.52 41.90 41.90

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