ANAND RATHI SHARE AND STOCK BROKERS LIMITED

About

Anand Rathi Share and Stock Brokers Limited provides stock brokerage services in India and internationally. The company offers equities, derivatives, alternative investment funds, IPOs, mutual funds, portfolio management services, investment basket, margin trading facility, NRI investing, commodities, currencies, fixed income, and insurance products. It also provides TradeMobi, an online app for trading and account related services; TradeXpress, a web-based platform to execute trades and access real-time market data; AR Invest; and Algozy for algorithmic trading strategies. The company was formerly known as Navratan Capital and Securities Limited and changed its name to Anand Rathi Share and Stock Brokers Limited in January 2008. Anand Rathi Share and Stock Brokers Limited was incorporated in 1991 and is based in Mumbai, India. Anand Rathi Share and Stock Brokers Limited operates as a subsidiary of Anand Rathi Financial Services Limited.

Key Metrics

as of Sep 2026

Market Cap3,248 Cr

P/E22.30

Div Yield0.97 %

Book Value₹215.00

52w High₹795.00

52w Low₹414.00

Face Value₹5.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024
Sales	246.00	255.00	248.00	227.00	201.00	199.00	204.00	230.00	211.00
Expenses	148.00	145.00	146.00	134.00	126.00	126.00	127.00	144.00	135.00
Operating Profit	97.00	111.00	102.00	93.00	75.00	73.00	77.00	86.00	76.00
OPM %	40.00	43.00	41.00	41.00	37.00	37.00	38.00	37.00	36.00
Other Income	-21.00	0.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00
Depreciation	5.00	7.00	6.00	6.00	6.00	8.00	6.00	6.00	5.00
Interest	40.00	50.00	46.00	50.00	38.00	39.00	43.00	35.00	30.00
Profit before tax	32.00	54.00	51.00	38.00	31.00	26.00	28.00	45.00	41.00
Tax %	25.00	23.00	25.00	25.00	25.00	28.00	25.00	27.00	25.00
Net Profit	24.00	42.00	38.00	29.00	23.00	19.00	21.00	33.00	31.00
EPS in Rs	3.73	6.69	6.04	4.56	5.27	4.20	4.80	7.47	6.93

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Sales	931.00	844.00	681.00	468.00	423.00	303.00	246.00
Expenses	550.00	532.00	450.00	351.00	309.00	253.00	201.00
Operating Profit	382.00	311.00	232.00	116.00	114.00	49.00	44.00
OPM %	41.00	37.00	34.00	25.00	27.00	16.00	18.00
Other Income	2.00	1.00	1.00	1.00	0.00	0.00	4.00
Interest	184.00	147.00	97.00	49.00	37.00	21.00	27.00
Depreciation	26.00	25.00	20.00	15.00	13.00	10.00	11.00
Profit before tax	174.00	141.00	117.00	52.00	64.00	19.00	10.00
Tax %	24.00	26.00	33.00	25.00	20.00	29.00	31.00
Net Profit	132.00	104.00	79.00	39.00	51.00	13.00	7.00
EPS in Rs	21.02	23.41	17.72	19.32	38.08	13.71	7.03
Dividend Payout %	24.00	60.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Equity Capital	31.00	22.00	22.00	20.00	13.00	10.00	10.00
Reserves	1,322.00	484.00	373.00	247.00	214.00	118.00	104.00
Borrowings	840.00	914.00	888.00	432.00	276.00	187.00	233.00
Other Liabilities	4,909.00	1,924.00	1,303.00	931.00	841.00	713.00	806.00
Total Liabilities	7,102.00	3,344.00	2,586.00	1,630.00	1,344.00	1,027.00	1,152.00
Fixed Assets	77.00	84.00	74.00	56.00	51.00	36.00	39.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	5.00
Investments	44.00	16.00	12.00	19.00	9.00	2.00	1.00
Other Assets	6,981.00	3,245.00	2,500.00	1,555.00	1,284.00	990.00	1,108.00
Total Assets	7,102.00	3,344.00	2,586.00	1,630.00	1,344.00	1,027.00	1,152.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Cash from Operating Activity	745.00	674.00	188.00	15.00	-39.00	25.00	225.00
Cash from Investing Activity	-1,149.00	-577.00	-598.00	-139.00	-74.00	-242.00	168.00
Cash from Financing Activity	462.00	-112.00	419.00	109.00	127.00	-65.00	-92.00
Net Cash Flow	59.00	-16.00	9.00	-15.00	15.00	-281.00	301.00
Free Cash Flow	727.00	631.00	150.00	2.00	-59.00	23.00	247.00
CFO/OP %	207.00	228.00	91.00	27.00	-21.00	51.00	508.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Debtor Days	123.00	102.00	132.00	159.00	122.00	173.00	490.00
Cash Conversion Cycle	123.00	102.00	132.00	159.00	122.00	173.00	490.00
Working Capital Days	-1,008.00	-681.00	-527.00	-529.00	414.00	-347.00	-478.00
ROCE %	20.00	21.00	22.00	17.00	25.00	12.00	—