Anand Rathi Share & Stock Brokers Ltd.

•

anandrathi.comBSE: 544530NSE: ARSSBL

Market Cap₹ 3,170 Cr.

Current Price

High / Low₹ 795 / 416

Stock P/E24.4

Book Value₹ 216

Price to Book1.96

Dividend Yield0.99 %

ROCE19.7 %

ROE14.1 %

Face Value₹ 5

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 93.3% CAGR over last 5 years
Asset quality is healthy - gross NPA of just 0.0%
Solid return on assets for a lender - ROA of 2.5%
Company has a healthy return on capital (ROCE) of 20.8%
Company has a good return on equity (ROE) track record: 3 Years ROE 20.3%

CONS

Capital adequacy is tight at 0.0% - limited headroom to grow
Promoter holding has decreased over last 2 years: -30.4pp
Equity base is being diluted - shares outstanding up 55.6%
Thin net interest margin of 0.0%
Growth is decelerating - 3Y profit CAGR (50.7%) trails the 5Y trend (93.3%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Stock Broking

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MCX	3299.00	54.56	84121.81	0.24	413.44	103.47	702.00	88.10	48.10	70.40
2.	MOTILALOFS	1016.00	30.90	61196.04	0.59	1273.71	9.53	3425.76	25.49	12.68	57.49
3.	360ONE	1096.00	35.39	44669.07	1.09	330.53	16.11	1226.09	26.85	12.28	63.01
4.	NUVAMA	1753.50	29.87	32343.15	1.59	305.64	15.83	1376.22	22.59	17.52	52.80
5.	ANGELONE	299.75	26.55	27398.24	1.35	2313.98	1921.51	14296.91	1153.53	14.87	33.92
6.	CHOICEIN	768.70	72.05	17124.83	0.00	60.61	26.37	309.79	32.46	19.43	33.83
7.	IIFLCAPS	337.65	18.67	10642.01	0.89	184.16	4.92	631.48	3.13	23.27	35.76
8.	SHAREINDIA	196.45	11.83	4298.83	0.81	124.41	47.45	448.09	31.25	21.00	44.76
9.	ARSSBL	502.60	24.42	3169.72	0.99	23.35	2.35	246.10	22.37	19.72	39.54
10.	MONARCH	371.00	16.24	2942.34	0.27	45.18	-0.15	90.89	-7.25	33.26	66.00
11.	GEOJITFSL	79.65	30.65	2223.21	1.88	19.83	-30.83	160.40	7.46	9.35	20.55
12.	ALGOQUANT	64.03	39.61	1799.86	0.00	164.80	3610.04	778.70	1328.81	33.57	33.64

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	211	231	204	200	201	227	248	256	246
	135	145	127	127	126	135	147	145	194
Operating Profit	76	86	77	73	75	93	101	110	52
OPM %	35.95%	37.12%	37.64%	36.50%	37.16%	40.77%	40.75%	43.16%	21.10%
	0	0	0	0	1	1	1	0	21
Interest	30	35	43	39	38	50	46	50	40
Depreciation	6	6	6	8	6	7	6	7	5
Profit before Tax	41	45	29	26	30	38	50	54	31
Tax %	25.44%	26.60%	24.89%	28.14%	25.18%	25.66%	25.62%	22.74%	25.58%
Net Profit	0	0	0	0	23	28	37	42	23
	6.90	7.45	4.86	4.15	5.14	6.27	7.54	7.75	3.71

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	102	138	147	423	468	682	846	932	977
	107	127	134	310	353	451	534	553	621
Operating Profit	-5	11	13	114	115	231	311	380	356
OPM %	-4.55%	7.84%	8.73%	26.83%	24.60%	33.82%	36.81%	40.72%	36.44%
	5	8	12	0	1	1	1	2	24
Interest	8	13	9	37	49	97	147	184	186
Depreciation	10	10	8	13	15	20	25	26	25
Profit before Tax	-18	-4	7	64	51	115	140	172	172
Tax %	32.02%	55.91%	33.71%	20.11%	25.98%	33.02%	26.20%	24.65%	24.72%
Net Profit	-13	-2	5	51	38	77	104	129	130
EPS	0.00	0.00	0.00	15.05	9.36	17.42	23.36	20.61	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	24.26%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 45%
3 Years:: 26%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 93%
3 Years:: 51%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: 22%
3 Years:: 20%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9	9	9	13	20	22	22	31
	63	58	63	214	245	370	473	1,306
	109	174	164	300	441	928	927	853
Trade Payables	268	309	548	774	879	1,200	1,825	4,783
	6	-1	3	32	36	65	118	126
Total Liabilities	456	549	788	1,333	1,621	2,585	3,365	7,099
	44	37	51	51	49	67	84	78
Capital Work in Progress	7	11	0	0	0	0	0	0
	0	0	0	7	9	3	6	33
	0	0	0	0	0	247	237	314
Cash & Bank	159	230	333	770	916	1,568	2,233	3,525
	246	270	403	505	647	701	805	3,151
Total Assets	456	549	788	1,333	1,621	2,585	3,365	7,099

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	31	74	108	-3	32	187	692	725
Cash from Investing	28	-4	-2	-79	-137	-599	-577	-1,146
Cash from Financing	100	150	-1	112	108	419	-112	462
	156	217	103	16	-13	6	2	41

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	100.00	100.00	100.00	100.00	100.00	69.90	69.92	69.92	69.62
	0.00	0.00	0.00	0.00	0.00	2.83	1.91	0.82	0.15
	0.00	0.00	0.00	0.00	0.00	9.15	6.10	4.98	4.06
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	18.13	22.08	24.28	26.17

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Allotment of Securities

2026-09-10 - Anand Rathi Share and Stock Brokers Limited has informed the Exchange regarding allotment of 100 securities pursuant to Non Convertible Securities at its meeting held on September 10, 2026

2026-09-05

Shareholders meeting

2026-09-05 - Anand Rathi Share and Stock Brokers Limited has submitted the Exchange a copy Scrutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.

2026-08-27

Allotment of Securities

2026-08-27 - Anand Rathi Share and Stock Brokers Limited has informed the Exchange regarding allotment of 1140 securities pursuant to Non Convertible Securities at its meeting held on August 27, 2026

2026-08-10

Reply to Clarification- Financial results

2026-08-10 - The Exchange had sought clarification from Anand Rathi Share and Stock Brokers Limited for the quarter ended 30-Jun-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

2026-08-06

Copy of Newspaper Publication

2026-08-06 - Anand Rathi Share and Stock Brokers Limited has informed the Exchange about Copy of Newspaper Publication regarding the Notice of Postal Ballot and Remote e-voting

2026-08-05

Shareholders meeting

2026-08-05 - Anand Rathi Share and Stock Brokers Limited has informed the Exchange regarding Notice of Postal Ballot

2026-07-29

Allotment of Securities

2026-07-29 - Anand Rathi Share and Stock Brokers Limited has informed the Exchange regarding allotment of 450 securities pursuant to Non Convertible Securities at its meeting held on July 29, 2026

2026-07-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-20 - Anand Rathi Share and Stock Brokers Limited has informed the Exchange about Transcript of Earnings Conference Call held on July 15, 2026

2026-07-17

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-07-17 - Anand Rathi Share and Stock Brokers Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

News

Recent coverage and analyst commentary for ARSSBL

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AI Stock Analyst

Anand Rathi Share & Stock Brokers Ltd.

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Free 5nance Account

Name

MCX

3299.00

54.56

84121.81

0.24

413.44

103.47

702.00

88.10

48.10

70.40

MOTILALOFS

1016.00

30.90

61196.04

0.59

1273.71

9.53

3425.76

25.49

12.68

57.49

360ONE

1096.00

35.39

44669.07

1.09

330.53

16.11

1226.09

26.85

12.28

63.01

NUVAMA

1753.50

29.87

32343.15

1.59

305.64

15.83

1376.22

22.59

17.52

52.80

ANGELONE

299.75

26.55

27398.24

1.35

2313.98

1921.51

14296.91

1153.53

14.87

33.92

CHOICEIN

768.70

72.05

17124.83

0.00

60.61

26.37

309.79

32.46

19.43

33.83

IIFLCAPS

337.65

18.67

10642.01

0.89

184.16

4.92

631.48

3.13

23.27

35.76

SHAREINDIA

196.45

11.83

4298.83

0.81

124.41

47.45

448.09

31.25

21.00

44.76

ARSSBL

502.60

24.42

3169.72

0.99

23.35

2.35

246.10

22.37

19.72

39.54

MONARCH

371.00

16.24

2942.34

0.27

45.18

-0.15

90.89

-7.25

33.26

66.00

GEOJITFSL

79.65

30.65

2223.21

1.88

19.83

-30.83

160.40

7.46

9.35

20.55

ALGOQUANT

64.03

39.61

1799.86

0.00

164.80

3610.04

778.70

1328.81

33.57

33.64

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

211

231

204

200

201

227

248

256

246

135

145

127

126

135

147

145

194

Operating Profit

101

110

OPM %

35.95%

37.12%

37.64%

36.50%

37.16%

40.77%

40.75%

43.16%

21.10%

Interest

Depreciation

Profit before Tax

Tax %

25.44%

26.60%

24.89%

28.14%

25.18%

25.66%

25.62%

22.74%

25.58%

Net Profit

6.90

7.45

4.86

4.15

5.14

6.27

7.54

7.75

3.71

Mar 2014

Mar 2015

Mar 2016

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

102

138

147

423

468

682

846

932

977

107

127

134

310

353

451

534

553

621

Operating Profit

-5

114

115

231

311

380

356

OPM %

-4.55%

7.84%

8.73%

26.83%

24.60%

33.82%

36.81%

40.72%

36.44%

Interest

147

184

186

Depreciation

Profit before Tax

-18

-4

115

140

172

Tax %

32.02%

55.91%

33.71%

20.11%

25.98%

33.02%

26.20%

24.65%

24.72%

Net Profit

-13

-2

104

129

130

EPS

0.00

15.05

9.36

17.42

23.36

20.61

—

Dividend Payout %

0.00%

24.26%

—

Mar 2014

Mar 2015

Mar 2016

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

214

245

370

473

1,306

109

174

164

300

441

928

927

853

Trade Payables

268

309

548

774

879

1,200

1,825

4,783

-1

118

126

Total Liabilities

456

549

788

1,333

1,621

2,585

3,365

7,099

Capital Work in Progress

247

237

314

Cash & Bank

159

230

333

770

916

1,568

2,233

3,525

246

270

403

505

647

701

805

3,151

Total Assets

456

549

788

1,333

1,621

2,585

3,365

7,099

Mar 2014

Mar 2015

Mar 2016

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

108

-3

187

692

725

Cash from Investing

-4

-2

-79

-137

-599

-577

-1,146

Cash from Financing

100

150

-1

112

108

419

-112

462

156

217

103

-13

Mar 2014

Mar 2015

Mar 2016

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Sep 2025

Dec 2025

Mar 2026

Jun 2026

100.00

69.90

69.92

69.62

0.00

2.83

1.91

0.82

0.15

0.00

9.15

6.10

4.98

4.06

Government

0.00

18.13

22.08

24.28

26.17

Anand Rathi Share & Stock Brokers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Anand Rathi Share & Stock Brokers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI