Anand Rathi Share & Stock Brokers Ltd.

•

anandrathi.comBSE: 544530NSE: ARSSBL

Market Cap₹ 3,189 Cr.

Current Price

High / Low₹ 795 / 416

Stock P/E24.2

Book Value₹ 217

Price to Book1.95

Dividend Yield0.99 %

ROCE19.8 %

ROE14.3 %

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 58.5% 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 21.0%
Company has a good return on equity (ROE) track record: 3 Years ROE 20.4%

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 (50.1%) trails the 5Y trend (58.5%)

* 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	3340.05	55.24	85168.55	0.24	413.44	103.47	702.00	88.10	48.10	70.40
2.	MOTILALOFS	1023.00	31.12	61617.67	0.59	1273.71	9.53	3425.76	25.49	12.68	57.49
3.	360ONE	1096.25	35.40	44679.26	1.09	330.53	16.11	1226.09	26.85	12.28	63.01
4.	NUVAMA	1784.20	30.39	32909.41	1.56	305.64	15.83	1376.22	22.59	17.52	52.80
5.	ANGELONE	299.40	26.52	27366.25	1.35	2313.98	1921.51	14296.91	1153.53	14.87	33.92
6.	CHOICEIN	749.85	70.28	16704.90	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	189.75	11.42	4152.21	0.84	124.41	47.45	448.09	31.25	21.00	44.76
9.	ARSSBL	505.70	24.57	3189.27	0.99	23.35	2.35	246.10	22.37	19.72	39.54
10.	MONARCH	370.95	16.24	2941.94	0.27	45.18	-0.15	90.89	-7.25	33.26	66.00
11.	GEOJITFSL	80.02	30.80	2233.54	1.87	19.83	-30.83	160.40	7.46	9.35	20.55
12.	ALGOQUANT	63.80	39.47	1793.39	0.00	164.80	3610.04	778.70	1328.81	33.57	33.64

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	211	230	204	199	201	227	248	255	246
	135	144	127	126	126	134	146	145	194
Operating Profit	76	86	77	73	75	93	102	111	52
OPM %	36.04%	37.22%	37.64%	36.70%	37.42%	41.06%	41.08%	43.35%	21.20%
	0	0	0	0	1	1	1	0	21
Interest	30	35	43	39	38	50	46	50	40
Depreciation	5	6	6	8	6	6	6	7	5
Profit before Tax	41	45	28	26	31	38	51	54	32
Tax %	25.35%	26.56%	25.11%	27.88%	24.73%	25.20%	25.18%	22.56%	25.45%
Net Profit	31	33	21	19	23	29	38	42	24
	6.93	7.47	4.80	4.20	5.27	6.43	7.71	7.83	3.73

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	150	218	199	246	303	423	468	681	844	931	976
	157	192	196	201	253	309	352	450	532	550	618
Operating Profit	-7	25	3	44	49	114	116	232	311	382	358
OPM %	-4.67%	11.71%	1.53%	18.03%	16.31%	26.91%	24.84%	34.01%	36.91%	40.99%	36.67%
	32	46	35	4	0	0	1	1	1	2	24
Interest	12	35	25	27	21	37	49	97	147	184	186
Depreciation	7	8	6	11	10	13	15	20	25	26	25
Profit before Tax	6	29	7	10	19	64	52	117	141	174	175
Tax %	13.84%	47.08%	25.97%	31.16%	29.08%	19.99%	25.38%	32.66%	26.16%	24.29%	24.42%
Net Profit	5	15	5	7	13	51	39	79	104	132	132
EPS	0.00	0.00	0.00	7.76	13.71	50.39	24.57	17.72	23.41	21.01	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	23.79%	—

COMPOUNDED SALES GROWTH

10 Years:: 22%
5 Years:: 25%
3 Years:: 26%

COMPOUNDED PROFIT GROWTH

10 Years:: 40%
5 Years:: 59%
3 Years:: 50%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 21%
3 Years:: 20%
Last Year:: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9	9	9	10	10	13	20	22	22	31
	68	83	88	104	118	215	247	373	475	1,310
	84	290	407	291	287	314	1,342	897	935	853
Trade Payables	625	425	487	742	595	774	0	1,220	1,802	4,782
	9	14	11	-2	11	21	14	101	110	125
Total Liabilities	795	821	1,001	1,144	1,021	1,337	1,622	2,614	3,344	7,102
	33	57	56	39	36	51	48	66	84	77
	2	0	75	1	2	9	19	12	16	44
	0	0	0	0	0	0	0	247	237	313
Cash & Bank	287	62	7	676	665	769	918	1,563	2,210	3,520
	473	702	863	428	319	508	638	725	798	3,148
Total Assets	795	821	1,001	1,144	1,021	1,337	1,622	2,614	3,344	7,102

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	80	-96	96	223	25	-24	32	188	674	745
Cash from Investing	7	-29	-211	168	-242	-74	-139	-598	-577	-1,149
Cash from Financing	-85	165	65	-92	-65	127	109	419	-112	462
	10	39	-55	301	-281	15	-15	9	-16	59

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	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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Anand Rathi Share & Stock Brokers Ltd.

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Name

MCX

3340.05

55.24

85168.55

0.24

413.44

103.47

702.00

88.10

48.10

70.40

MOTILALOFS

1023.00

31.12

61617.67

0.59

1273.71

9.53

3425.76

25.49

12.68

57.49

360ONE

1096.25

35.40

44679.26

1.09

330.53

16.11

1226.09

26.85

12.28

63.01

NUVAMA

1784.20

30.39

32909.41

1.56

305.64

15.83

1376.22

22.59

17.52

52.80

ANGELONE

299.40

26.52

27366.25

1.35

2313.98

1921.51

14296.91

1153.53

14.87

33.92

CHOICEIN

749.85

70.28

16704.90

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

189.75

11.42

4152.21

0.84

124.41

47.45

448.09

31.25

21.00

44.76

ARSSBL

505.70

24.57

3189.27

0.99

23.35

2.35

246.10

22.37

19.72

39.54

MONARCH

370.95

16.24

2941.94

0.27

45.18

-0.15

90.89

-7.25

33.26

66.00

GEOJITFSL

80.02

30.80

2233.54

1.87

19.83

-30.83

160.40

7.46

9.35

20.55

ALGOQUANT

63.80

39.47

1793.39

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

230

204

199

201

227

248

255

246

135

144

127

126

134

146

145

194

Operating Profit

102

111

OPM %

36.04%

37.22%

37.64%

36.70%

37.42%

41.06%

41.08%

43.35%

21.20%

Interest

Depreciation

Profit before Tax

Tax %

25.35%

26.56%

25.11%

27.88%

24.73%

25.20%

25.18%

22.56%

25.45%

Net Profit

6.93

7.47

4.80

4.20

5.27

6.43

7.71

7.83

3.73

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

150

218

199

246

303

423

468

681

844

931

976

157

192

196

201

253

309

352

450

532

550

618

Operating Profit

-7

114

116

232

311

382

358

OPM %

-4.67%

11.71%

1.53%

18.03%

16.31%

26.91%

24.84%

34.01%

36.91%

40.99%

36.67%

Interest

147

184

186

Depreciation

Profit before Tax

117

141

174

175

Tax %

13.84%

47.08%

25.97%

31.16%

29.08%

19.99%

25.38%

32.66%

26.16%

24.29%

24.42%

Net Profit

104

132

EPS

0.00

7.76

13.71

50.39

24.57

17.72

23.41

21.01

—

Dividend Payout %

0.00%

23.79%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

104

118

215

247

373

475

1,310

290

407

291

287

314

1,342

897

935

853

Trade Payables

625

425

487

742

595

774

1,220

1,802

4,782

-2

101

110

125

Total Liabilities

795

821

1,001

1,144

1,021

1,337

1,622

2,614

3,344

7,102

247

237

313

Cash & Bank

287

676

665

769

918

1,563

2,210

3,520

473

702

863

428

319

508

638

725

798

3,148

Total Assets

795

821

1,001

1,144

1,021

1,337

1,622

2,614

3,344

7,102

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-96

223

-24

188

674

745

Cash from Investing

-29

-211

168

-242

-74

-139

-598

-577

-1,149

Cash from Financing

-85

165

-92

-65

127

109

419

-112

462

-55

301

-281

-15

-16

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

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

Sign in to Chat with AI

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