Anand Rathi Share & Stock Brokers Ltd
Incorporated in 1991, Anand Rathi Share and Stock Brokers Limited is a Full-Service broking company.[1]
- Market Cap ₹ 4,081 Cr.
- Current Price ₹ 652
- High / Low ₹ 664 / 431
- Stock P/E 41.1
- Book Value ₹ 208
- Dividend Yield 0.00 %
- ROCE 21.3 %
- ROE 23.0 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 84.1% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- Promoters have pledged or encumbered 30.1% of their holding.
* 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
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 246 | 303 | 423 | 468 | 681 | 844 | |
| 201 | 253 | 309 | 352 | 450 | 532 | |
| Operating Profit | 44 | 49 | 114 | 116 | 232 | 311 |
| OPM % | 18% | 16% | 27% | 25% | 34% | 37% |
| 4 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 27 | 21 | 37 | 49 | 97 | 147 |
| Depreciation | 11 | 10 | 13 | 15 | 20 | 25 |
| Profit before tax | 10 | 19 | 64 | 52 | 117 | 141 |
| Tax % | 31% | 29% | 20% | 25% | 33% | 26% |
| 7 | 13 | 51 | 39 | 79 | 104 | |
| EPS in Rs | 7.03 | 13.71 | 38.08 | 19.32 | 17.72 | 23.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 60% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 26% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 84% |
| 3 Years: | 27% |
| TTM: | 32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 22% |
| Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 13 | 20 | 22 | 22 | 31 |
| Reserves | 104 | 118 | 214 | 247 | 373 | 484 | 1,275 |
| 233 | 187 | 276 | 432 | 888 | 914 | 1,214 | |
| 806 | 713 | 841 | 931 | 1,303 | 1,924 | 2,630 | |
| Total Liabilities | 1,152 | 1,027 | 1,344 | 1,630 | 2,586 | 3,344 | 5,151 |
| 39 | 36 | 51 | 56 | 74 | 84 | 81 | |
| CWIP | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 2 | 9 | 19 | 12 | 16 | 59 |
| 1,108 | 990 | 1,284 | 1,555 | 2,500 | 3,245 | 5,011 | |
| Total Assets | 1,152 | 1,027 | 1,344 | 1,630 | 2,586 | 3,344 | 5,151 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 225 | 25 | -39 | 15 | 184 | 674 | |
| 168 | -242 | -74 | -139 | -605 | -577 | |
| -92 | -65 | 127 | 109 | 429 | -112 | |
| Net Cash Flow | 301 | -281 | 15 | -15 | 9 | -16 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 490 | 173 | 122 | 159 | 132 | 110 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 490 | 173 | 122 | 159 | 132 | 110 |
| Working Capital Days | -478 | -347 | 414 | -529 | -527 | -681 |
| ROCE % | 12% | 25% | 17% | 22% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
30 Oct - Crisil MA report: IPO gross Rs7,450m; net Rs7,035m; Rs6,640.19m utilized; Rs809.81m unutilized as of Sep 30, 2025.
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Intimation For Change Of Corporate Identification Number (CIN) And Listing Status Of The Company
28 Oct - CIN changed to L67120MH1991PLC064106; listing status updated to Yes after 30 Sep 2025.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
28 Oct - MCX imposed Rs.4,25,000 (plus GST) penalty on Oct 27, 2025 for 2024-25 reporting non-compliance.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
24 Oct - Earning Call Transcript for the second quarter and half year ended September30, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Oct - Newspaper Publication of the Extract of Unaudited Finacial Results for the quarter and Half Year ended September 30, 2025
Concalls
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Oct 2025Transcript PPT REC
Business Profile[1]
Anand Rathi Share and Stock Brokers Limited is a full-service brokerage house providing broking, margin trading facilities, and distribution of investment products. It caters to a diversified client base including retail, HNI, UHNI, family offices, and institutional clients. It is part of the Anand Rathi Group, which has a multi-vertical presence in financial services such as wealth management, lending, insurance broking, and asset management.