ANAND RATHI SHARE AND STOCK BROKERS LIMITED
₹461.85-₹10.10 (-2.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,975 Cr
- P/E
- 40.0x
- EV / EBITDA
- 18.7x
- Revenue
- ₹844 Cr
- Net margin
- 11.6%
- ROCE
- 9.3%
Price chart
Technical chartScreen technicals →-9.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -10.4%
- 3M
- -9.2%
- 6M
- -22.6%
- 1Y
- -9.2%
- 5Y
- +0.4%
52-week range
Day change -₹10.10 (-2.1%) from ₹472 to ₹462 · Last close Oct 30, 2026
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 22.6%
Concerns0
Rule-based from financial data. Not advice.
About the company
Anand Rathi Share and Stock Brokers Limited provides financial services in India and internationally. The company offers broking services in the areas of equities, commodities, currencies, derivatives, IPOs, and investments; and distributes financial products, including mutual funds, alternative investment funds, corporate fixed deposits, structured products, and non-convertible debentures and bonds.
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Anand Rathi Share and Stock Brokers Limited provides financial services in India and internationally. The company offers broking services in the areas of equities, commodities, currencies, derivatives, IPOs, and investments; and distributes financial products, including mutual funds, alternative investment funds, corporate fixed deposits, structured products, and non-convertible debentures and bonds. It also provides wealth management, financial planning, research analysis, depository, portfolio management, and advisory services, as well as margin trading facility in stock markets. 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. The company was incorporated in 1991 and is based in Mumbai, India. Anand Rathi Share and Stock Brokers Limited is a subsidiary of Anand Rathi Financial Services Limited.
- Sector
- Financial Services
- Shares outstanding
- 6.3 Cr shares
- ISIN
- INE549H01021
- BSE code
- 544530
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,975 Cr
- P/E
- 40.0x
- P/B
- 3.0x
- EV / EBITDA
- 18.7x
- EV / Sales
- 6.4x
- P/S
- 5.8x
- Earnings yield
- 2.5%
- 52-week high
- ₹773.00
- 52-week low
- ₹417.70
Profitability
- Operating margin
- 34.1%
- Net margin
- 11.6%
- EBITDA margin
- 34.2%
- ROE
- 20.6%
- ROCE
- 9.3%
- ROA
- 3.1%
- Dividend payout
- 0.0%
- Tax rate
- 33.0%
- Other income, % of PBT
- 0.9%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹844 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 23.9%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 22.6%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹233 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 99.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 31.6%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 62.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹184 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1126.7%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹9.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 58.7%
Solvency and efficiency
- Current ratio
- 1.93
- Debt / Assets
- 0.34
- Debt / EBITDA
- 3.81
- Financial leverage
- 6.55
- CFO / Net profit
- 2.33
- Cash / Market cap
- 62.9%
- Cash per share
- ₹398.74
- Asset turnover
- 0.26
- Fixed asset turnover
- 9.20
- Capital intensity
- 0.11
- Debtor days
- 132 days
- Cash conversion cycle
- 132 days
Where the revenue went
Some FY2025 lines are not reported, so the ones that are appear as a table.
| Line | FY2025 |
|---|---|
| Sales | ₹844 Cr |
| Expenses | ₹532 Cr |
| Operating profit | ₹311 Cr |
| Other income | ₹1 Cr |
| Interest | ₹147 Cr |
| Depreciation | ₹25 Cr |
| Profit before tax | ₹141 Cr |
| Tax and other | ₹37 Cr |
| Net profit | ₹104 Cr |
Revenue and net profit
Revenue grew 23.9% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹303 Cr | ₹13 Cr |
| FY2022 | ₹423 Cr | ₹51 Cr |
| FY2023 | ₹468 Cr | ₹39 Cr |
| FY2024 | ₹681 Cr | ₹79 Cr |
| FY2025 | ₹844 Cr | ₹104 Cr |
Cash flows
FY2025: ₹674 Cr from operations, ₹97.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹25 Cr | -₹217 Cr |
| FY2022 | -₹39 Cr | -₹113 Cr |
| FY2023 | ₹15 Cr | -₹124 Cr |
| FY2024 | ₹184 Cr | -₹421 Cr |
| FY2025 | ₹674 Cr | ₹97 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹844 Cr+23.9%1Y
- Net profit
- ₹104 Cr+31.6%1Y
- Cash from operations
- ₹674 Cr
- Free cash flow
- ₹97 Cr
- Revenue CAGR, 5Y
- 22.6%
- EBITDA CAGR, 5Y
- 37.2%
- Net profit CAGR, 5Y
- 62.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹844 Cr | ₹311 Cr | — | ₹104 Cr | ₹674 Cr | ₹97 Cr | 20.6% | +23.9% | +31.6% |
Monthly returns
Month-by-month returns of ARSSBL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹3,344 Cr |
| Equity capital | ₹22 Cr |
| Reserves | ₹484 Cr |
| Borrowings | ₹914 Cr |
| Other liabilities | ₹1,924 Cr |
| Assets | ₹3,344 Cr |
| Fixed assets | ₹84 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹16 Cr |
| Other assets | ₹3,245 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
ARSSBL trades at 40.0x earnings against a peer median of 26.9x (a 49% premium).
Not shown (no positive earnings and no EV / Sales): IndoStar Capital Finance Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| ANAND RATHI SHARE AND STOCK BROKERS LIMITEDARSSBLthis companyP/E ↑ premium | ₹3,975 Cr | 40.0x | 3.0x | 20.6% | 18.7x |
| CARE Ratings LimitedCARERATING | ₹4,862 Cr | 30.5x | 5.3x | 17.2% | 27.8x |
| Northern Arc Capital Ltd.NORTHARC | ₹4,246 Cr | 12.2x | 1.2x | 10.1% | 10.2x |
| JANA SMALL FINANCE BANK LIMITEDJSFB | ₹4,242 Cr | 10.3x | 1.0x | — | — |
| ZAGGLE PREPAID OCEAN SERVICES LIMITEDZAGGLE | ₹4,112 Cr | 36.9x | 3.1x | 7.0% | 49.8x |
| IndoStar Capital Finance LimitedINDOSTAR | ₹3,673 Cr | — | 0.8x | 1.5% | 12.1x |
| Indo Thai Securities LimitedINDOTHAI | ₹3,287 Cr | 85.8x | 15.3x | 5.0% | 148.9x |
| Share India Securities LimitedSHAREINDIA | ₹3,277 Cr | 15.0x | 1.6x | 12.6% | 6.5x |
| PAISALO DIGITAL LIMITEDPAISALO | ₹3,173 Cr | 15.6x | 1.9x | — | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
ARSSBL since 1 January, against earlier years.
Historical volatility
ARSSBL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 16.0% |
| FY2022 | 27.0% |
| FY2023 | 25.0% |
| FY2024 | 34.0% |
| FY2025 | 37.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹844 Cr |
| Costs | |
| Interest | ₹147 Cr |
| Expenses | ₹532 Cr |
| Operating profitOperating Profit | ₹311 Cr |
| Other income and charges | |
| Profit before tax | ₹141 Cr |
| Tax | |
| Net profitNet Profit | ₹104 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹3,344 Cr |
| Equity capitalEquity Capital | ₹22 Cr |
| Reserves | ₹484 Cr |
| Borrowings | ₹914 Cr |
| Other liabilitiesOther Liabilities | ₹1,924 Cr |
| AssetsTotal Assets | ₹3,344 Cr |
| Fixed assetsFixed Assets | ₹84 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹16 Cr |
| Other assetsOther Assets | ₹3,245 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹674 Cr |
| Investing cash flowCash from Investing Activity | -₹577 Cr |
| Financing cash flowCash from Financing Activity | -₹112 Cr |
| Change in cashNet Cash Flow | -₹16 Cr |
Learn while you research
Academy chapters picked for ANAND RATHI SHARE AND STOCK BROKERS LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 40.0, learn when high multiples are justified.6 min read
- 04 Growth Investing24% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read