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 ₹ 3,313 Cr.
- Current Price ₹ 526
- High / Low ₹ 795 / 414
- Stock P/E 25.1
- Book Value ₹ 216
- Dividend Yield 0.00 %
- ROCE 19.8 %
- ROE 14.2 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 58.4% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 27.9%
Cons
- Company has low interest coverage ratio.
- Company's cost of borrowing seems high
* 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 BSE Financial Services Nifty 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 246 | 303 | 423 | 468 | 681 | 844 | 931 | |
| 201 | 253 | 309 | 351 | 450 | 532 | 550 | |
| Operating Profit | 44 | 49 | 114 | 116 | 232 | 311 | 382 |
| OPM % | 18% | 16% | 27% | 25% | 34% | 37% | 41% |
| 4 | 0 | 0 | 1 | 1 | 1 | 2 | |
| Interest | 27 | 21 | 37 | 49 | 97 | 147 | 184 |
| Depreciation | 11 | 10 | 13 | 15 | 20 | 25 | 26 |
| Profit before tax | 10 | 19 | 64 | 52 | 117 | 141 | 174 |
| Tax % | 31% | 29% | 20% | 25% | 33% | 26% | 24% |
| 7 | 13 | 51 | 39 | 79 | 104 | 132 | |
| EPS in Rs | 7.03 | 13.71 | 38.08 | 19.32 | 17.72 | 23.41 | 21.02 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 60% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 26% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 50% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 18% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 13 | 20 | 22 | 22 | 31 |
| Reserves | 104 | 118 | 214 | 247 | 373 | 484 | 1,322 |
| 233 | 187 | 276 | 432 | 888 | 914 | 840 | |
| 806 | 713 | 841 | 931 | 1,303 | 1,924 | 4,909 | |
| Total Liabilities | 1,152 | 1,027 | 1,344 | 1,630 | 2,586 | 3,344 | 7,102 |
| 39 | 36 | 51 | 56 | 74 | 84 | 77 | |
| CWIP | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 2 | 9 | 19 | 12 | 16 | 44 |
| 1,108 | 990 | 1,284 | 1,555 | 2,500 | 3,245 | 6,981 | |
| Total Assets | 1,152 | 1,027 | 1,344 | 1,630 | 2,586 | 3,344 | 7,102 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 225 | 25 | -39 | 15 | 188 | 674 | 745 | |
| 168 | -242 | -74 | -139 | -598 | -577 | -1,149 | |
| -92 | -65 | 127 | 109 | 419 | -112 | 462 | |
| Net Cash Flow | 301 | -281 | 15 | -15 | 9 | -16 | 59 |
| Free Cash Flow | 247 | 23 | -59 | 2 | 150 | 631 | 727 |
| CFO/OP | 508% | 51% | -21% | 27% | 91% | 228% | 207% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 490 | 173 | 122 | 159 | 132 | 110 | 123 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 490 | 173 | 122 | 159 | 132 | 110 | 123 |
| Working Capital Days | -478 | -347 | 414 | -529 | -527 | -681 | -1,008 |
| ROCE % | 12% | 25% | 17% | 22% | 21% | 20% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Active Clients Number |
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| Active Clients in Broking Segment Number |
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| Assets under Custody (AUC) ₹ Million |
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| Assets under Management (AUM) / Distribution ₹ Million |
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| Margin Trading Facility (MTF) Book Size ₹ Million |
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| Number of Authorized Persons (AP) Number |
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| Number of Own Branches Number |
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| Total Number of Clients Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
6h - ICRA reaffirmed ARSSBL ratings and enhanced bank lines to Rs 1,400 crore; CP to Rs 200 crore on May 15, 2026.
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Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.
12 May - Anand Rathi Financial Services re-pledged 24 lakh shares of promoter holding with Yes Bank for margin limits.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 12 May
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
8 May - Final monitoring report for quarter ended March 31, 2026; IPO proceeds fully utilized, no deviations.
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Announcement under Regulation 30 (LODR)-Credit Rating
30 Apr - ICRA assigned ARSSBL [ICRA]A+ (Stable)/[ICRA]A1+ ratings on INR 100 crore bank lines and commercial paper.
Concalls
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Apr 2026Transcript PPT REC
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Jan 2026Transcript PPT REC
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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.