Rikhav Securities Ltd
Incorporated in 1995, Rikhav Securities Limited is a financial services company in India that offers brokerage, investing, and banking services.[1]
- Market Cap ₹ 188 Cr.
- Current Price ₹ 49.0
- High / Low ₹ 79.8 / 34.0
- Stock P/E
- Book Value ₹ 63.8
- Dividend Yield 0.00 %
- ROCE 16.9 %
- ROE 13.1 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.77 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company's cost of borrowing seems high
- Working capital days have increased from -221 days to 71.5 days
* 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
Financial Services Financial Services Capital Markets Stockbroking & Allied
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 23 | 43 | 54 | 110 | 328 | 605 | |
| 15 | 18 | 25 | 55 | 293 | 622 | |
| Operating Profit | 8 | 25 | 28 | 55 | 35 | -18 |
| OPM % | 34% | 59% | 53% | 50% | 11% | -3% |
| 10 | 0 | 0 | 0 | 0 | 13 | |
| Interest | 4 | 3 | 4 | 3 | 6 | 5 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 13 | 21 | 24 | 52 | 28 | -10 |
| Tax % | 29% | 19% | 17% | 18% | 15% | |
| 10 | 17 | 20 | 42 | 24 | -9 | |
| EPS in Rs | 19.16 | 34.82 | 13.48 | 28.28 | 6.25 | -2.35 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 97% |
| TTM: | 197% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| TTM: | -44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 15 | 15 | 19 | 19 |
| Reserves | 71 | 81 | 123 | 207 | 225 |
| 5 | 8 | 40 | 0 | 5 | |
| 90 | 82 | 115 | 64 | 108 | |
| Total Liabilities | 171 | 186 | 294 | 291 | 357 |
| 1 | 2 | 2 | 2 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 74 | 100 | 133 | 2 | 2 |
| 96 | 84 | 159 | 287 | 353 | |
| Total Assets | 171 | 186 | 294 | 291 | 357 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 2 | -31 | 105 | -187 | ||
| 38 | 15 | -94 | 140 | ||
| -3 | 7 | -3 | 18 | ||
| Net Cash Flow | 37 | -9 | 8 | -29 | |
| Free Cash Flow | 1 | -29 | 104 | -188 | |
| CFO/OP | 30% | -109% | 198% | -526% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 55 | 33 | 12 | 11 | |
| Inventory Days | 160 | ||||
| Days Payable | 90 | ||||
| Cash Conversion Cycle | 55 | 33 | 12 | 81 | |
| Working Capital Days | -672 | -488 | -247 | 72 | |
| ROCE % | 30% | 39% | 17% |
Insights
In beta| Dec 2008 | Dec 2010 | Dec 2016 | Dec 2019 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Total Client Base Number |
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| New Clients Added Number |
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| Average Revenue Per User (ARPU) INR |
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| Number of SME IPOs Market-Made Annually Number |
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Extracted by Screener AI
Documents
Announcements
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Detailed Public Statement
1d - Rikhav Securities promoter group launches open offer for up to 99,55,920 shares (26%) at ₹47.75 each.
-
Open Offer- Press Release
23 Apr - Promoter group announces open offer for up to 26% stake at ₹47.75, worth ₹47.54 Cr.
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Public Announcement - Open Offer
22 Apr - Promoters launched open offer for 99,55,920 shares, 26% of Rikhav Securities, at ₹47.75 on April 21, 2026.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 7 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - RTA issued Regulation 74(5) certificate for quarter and year ended 31 March 2026.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Oct 2025TranscriptAI SummaryPPT
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May 2025TranscriptPPT
Business Overview[1]
Rikhav Securities Limited (RSL), operates as a financial services provider. The company is registered with SEBI and holds memberships with major Indian exchanges such as BSE, NSE, and MCX. RSL offers services including equity broking, derivatives trading, currency trading, depository services, and IPO facilitation.