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 ₹ 3,584 Cr.
- Current Price ₹ 574
- High / Low ₹ 795 / 431
- Stock P/E 33.8
- 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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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 34% |
| Stock Price CAGR | |
|---|---|
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| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
28 Jan - CRISIL assigned A/Stable to Rs1,400 crore bank facilities; A1 reaffirmed for Rs100 crore CP (Jan 27, 2026).
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21 Jan - Earnings Conference Call Transcript for the Third Quarter and Nine Months Ended December 31, 2025, held on January 15, 2026.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
21 Jan - Crisil report: IPO gross proceeds Rs7,450mn; proceeds largely utilized; Rs44.37mn unutilized as of Dec 31, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Jan - Copies of newspaper advertisements pertaining to unaudited (standalone and consolidated) financial results for the quarter and nine months ended December 31, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 Jan - Q3 and nine months FY2025-26 earnings call audio uploaded Jan 15, 2026; transcript forthcoming.
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.