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 ₹ 3,007 Cr.
- Current Price ₹ 478
- High / Low ₹ 795 / 431
- Stock P/E 28.3
- Book Value ₹ 208
- Dividend Yield 0.00 %
- ROCE 21.3 %
- ROE 23.1 %
- Face Value ₹ 5.00
Pros
Cons
- Company has low interest coverage ratio.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 468 | 682 | 846 | 876 | |
| 353 | 451 | 534 | 535 | |
| Operating Profit | 115 | 231 | 311 | 341 |
| OPM % | 25% | 34% | 37% | 39% |
| 1 | 1 | 1 | 3 | |
| Interest | 49 | 97 | 147 | 173 |
| Depreciation | 15 | 20 | 25 | 28 |
| Profit before tax | 51 | 115 | 140 | 143 |
| Tax % | 26% | 33% | 26% | |
| 38 | 77 | 104 | 106 | |
| EPS in Rs | 18.72 | 17.43 | 23.36 | 19.64 |
| Dividend Payout % | 0% | 0% | 60% |
| Compounded Sales Growth | |
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| TTM: | 24% |
| Compounded Profit Growth | |
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| 3 Years: | % |
| TTM: | 34% |
| Stock Price CAGR | |
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| Return on Equity | |
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| 3 Years: | 21% |
| Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 20 | 22 | 22 | 31 |
| Reserves | 245 | 370 | 482 | 1,271 |
| 432 | 888 | 914 | 1,214 | |
| 931 | 1,305 | 1,947 | 2,633 | |
| Total Liabilities | 1,629 | 2,585 | 3,365 | 5,150 |
| 56 | 74 | 84 | 82 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 9 | 3 | 6 | 49 |
| 1,563 | 2,508 | 3,274 | 5,020 | |
| Total Assets | 1,629 | 2,585 | 3,365 | 5,150 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 15 | 187 | 692 | |
| -137 | -599 | -577 | |
| 108 | 419 | -112 | |
| Net Cash Flow | -13 | 6 | 2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 159 | 132 | 109 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 159 | 132 | 109 |
| Working Capital Days | -527 | -526 | -687 |
| ROCE % | 21% | 21% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
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| 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 ・Standalone data |
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| Number of Own Branches Number ・Standalone data |
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| Total Number of Clients Number |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - SEBI imposed Rs.10,00,000 penalty for cyber-security non-compliance (Apr 1, 2023–Aug 31, 2024) on March 13, 2026.
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Intimation Under Regulation 30 And 51 Of SEBI (LODR) Regulations, 2015 With Respect To Initiation Of Forensic Audit.
6 Mar - Anand Rathi appointed EY (06-Mar-2026) to forensic-audit alleged ~Rs13 crore off-market share transfer fraud.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Mar
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Mar - Ballot Notice dated 26 Feb 2026 News Paper Publication
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
28 Feb - Postal ballot to approve RPTs Rs69,681.40L & Rs68,006L; reappoint MD Mar 1, 2026–Feb 28, 2029; salary Rs21 crore.
Concalls
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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.