Dolat Algotech Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2019 • Shares & Securities: 100.0%
AI Sector View
AI GENERATEDFinancial Services
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.
PROS
- Company has delivered good profit growth of 24.8% CAGR over last 5 years
- Solid return on assets for a lender - ROA of 21.1%
- Company has a healthy return on capital (ROCE) of 27.3%
- Asset quality is healthy - gross NPA of just 0.0%
- Company has a good return on equity (ROE) track record: 3 Years ROE 22.0%
CONS
- Capital adequacy is tight at 0.0% - limited headroom to grow
- Operating margins have contracted to 74.1% from 103.5%
- Thin net interest margin of 0.0%
- Growth is decelerating - 3Y profit CAGR (8.8%) trails the 5Y trend (24.8%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MCX | 3185.00 | 52.68 | 81214.90 | 0.25 | 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 | 1155.00 | 37.30 | 47073.70 | 1.04 | 330.53 | 16.11 | 1226.09 | 26.85 | 12.28 | 63.01 |
| NUVAMA | 1838.70 | 31.28 | 33872.21 | 1.52 | 305.64 | 15.83 | 1376.22 | 22.59 | 17.52 | 52.80 |
| ANGELONE | 285.95 | 25.33 | 26136.87 | 1.42 | 231.40 | 102.15 | 1429.69 | 25.35 | 14.87 | 33.92 |
| CHOICEIN | 767.40 | 71.93 | 17095.87 | 0.00 | 60.61 | 26.37 | 309.79 | 32.46 | 23.09 | 33.83 |
| IIFLCAPS | 338.00 | 18.69 | 10653.05 | 0.89 | 1841.63 | 949.18 | 6314.82 | 922.86 | 23.27 | 35.76 |
| SHAREINDIA | 169.35 | 10.20 | 3705.81 | 0.94 | 124.41 | 47.45 | 448.09 | 31.25 | 21.00 | 44.76 |
| ARSSBL | 515.15 | 25.03 | 3248.87 | 0.97 | 23.35 | 2.35 | 246.10 | 22.37 | 19.72 | 39.54 |
| MONARCH | 383.35 | 16.79 | 3040.29 | 0.26 | 45.18 | -0.15 | 90.89 | -7.25 | 33.26 | 66.00 |
| GEOJITFSL | 82.68 | 31.82 | 2307.78 | 1.81 | 19.83 | -30.83 | 160.40 | 7.46 | 9.35 | 20.55 |
| DOLATALGO | 70.16 | 8.58 | 1234.82 | 0.00 | 53.86 | 38.36 | 140.40 | 26.94 | 35.52 | 60.01 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 36 | 71 | 81 | 117 | 123 | 120 | 94 | 87 | 83 | 34 | 85 | 100 | 114 | |
| 14 | 20 | 23 | 23 | 24 | 25 | 36 | 25 | 24 | 19 | 25 | 29 | 44 | |
| Operating Profit | 22 | 51 | 58 | 94 | 99 | 95 | 58 | 62 | 59 | 15 | 60 | 71 | 71 |
| OPM % | 61.53% | 71.66% | 71.81% | 80.37% | 80.43% | 79.29% | 61.45% | 71.39% | 70.76% | 44.95% | 70.81% | 70.62% | 61.91% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 6 | 6 | 7 | 8 | 9 | 11 | 12 | 12 | 10 | 11 | 10 | 11 | 11 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 |
| Profit before Tax | 15 | 44 | 51 | 85 | 89 | 84 | 45 | 49 | 48 | 4 | 49 | 59 | 71 |
| Tax % | 16.93% | 20.95% | 19.20% | 20.16% | 19.89% | 20.48% | 16.19% | 19.42% | 19.23% | -27.68% | 20.64% | 20.77% | 23.91% |
| Net Profit | 13 | 35 | 41 | 68 | 72 | 67 | 37 | 40 | 39 | 5 | 39 | 47 | 54 |
| 0.73 | 1.99 | 2.35 | 3.87 | 4.07 | 3.79 | 2.12 | 2.25 | 2.20 | 0.26 | 2.21 | 2.65 | 3.06 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 89 | 82 | 139 | 116 | 87 | 198 | 232 | 154 | 305 | 424 | 334 | |
| 85 | 81 | 95 | 33 | 21 | 36 | 49 | 58 | 80 | 110 | 117 | |
| Operating Profit | 4 | 2 | 43 | 83 | 66 | 162 | 182 | 95 | 226 | 314 | 217 |
| OPM % | 4.52% | 2.13% | 31.17% | 71.36% | 75.62% | 81.61% | 78.74% | 62.01% | 73.85% | 74.05% | 65.04% |
| 0 | 0 | 4 | 0 | 35 | 49 | 57 | 74 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 5 | 16 | 25 | 25 | 27 | 28 | 44 | 44 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
| Profit before Tax | 4 | 2 | 47 | 77 | 85 | 186 | 215 | 142 | 196 | 267 | 182 |
| Tax % | 29.38% | 24.43% | 33.74% | 34.74% | 16.60% | 20.97% | 22.08% | 18.32% | 19.83% | 19.37% | 21.01% |
| Net Profit | 3 | 1 | 31 | 51 | 71 | 147 | 167 | 116 | 157 | 215 | 144 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.34 | 9.51 | 6.59 | 8.94 | 12.24 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 3.48% | 2.48% | 1.80% | 2.10% | 3.79% | 2.80% | 2.04% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 29%
- 5 Years:
- 37%
- 3 Years:
- 22%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 52%
- 5 Years:
- 25%
- 3 Years:
- 9%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 12%
- 1 Year:
- -13%
RETURN ON EQUITY
- 10 Years:
- 27%
- 5 Years:
- 31%
- 3 Years:
- 22%
- Last Year:
- 24%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| 52 | 53 | 85 | 133 | 202 | 346 | 510 | 622 | 774 | 986 | |
| 0 | 0 | 0 | 0 | 10 | 114 | 175 | 140 | 84 | 66 | |
| 4 | -11 | 1 | 10 | 18 | 19 | 57 | 22 | 32 | 63 | |
| Total Liabilities | 73 | 61 | 103 | 161 | 247 | 497 | 759 | 801 | 908 | 1,132 |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 4 | 5 | |
| 16 | 9 | 51 | 84 | 204 | 25 | 41 | 70 | 90 | 88 | |
| 16 | 43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 0 | 0 | 2 | 4 | 2 | 2 | 3 | 1 | 7 | 11 |
| 40 | 8 | 49 | 73 | 41 | 469 | 714 | 729 | 807 | 1,029 | |
| Total Assets | 73 | 61 | 103 | 161 | 247 | 497 | 759 | 801 | 908 | 1,132 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 | -3 | 54 | 60 | 134 | 198 | 155 | 79 | 34 | -43 | |
| Cash from Investing | -14 | 7 | -2 | 0 | -27 | -337 | -104 | -43 | -24 | -1 |
| Cash from Financing | 0 | 0 | 0 | -7 | -2 | -3 | -4 | -4 | -4 | 48 |
| -0 | 0 | 42 | 34 | 93 | -176 | 1 | -2 | 6 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 0.17 | 0.08 | 1.77 | 2.87 | 4.04 | 8.34 | 9.51 | 6.59 | 8.94 | 12.24 |
| Book Value (₹) | 3.95 | 4.04 | 5.81 | 8.56 | 12.48 | 20.67 | 29.98 | 36.32 | 45.01 | 57.00 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 | 0.15 | 0.20 | 0.25 | 0.25 | 0.25 |
| Cash EPS (₹) | 0.17 | 0.08 | 1.77 | 2.87 | 4.04 | 8.35 | 9.53 | 6.63 | 9.01 | 12.37 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 4.85% | 2.16% | 31.21% | 71.48% | 115.61% | 106.54% | 103.54% | 110.05% | 73.85% | 74.05% |
| Net Margin % | 3.40% | 1.64% | 22.49% | 43.74% | 81.30% | 73.99% | 72.24% | 75.42% | 51.50% | 50.83% |
| ROE % | 4.44% | 1.93% | 36.00% | 39.99% | 38.37% | 50.30% | 37.57% | 19.88% | 21.98% | 24.00% |
| ROCE % | 6.32% | 2.55% | 54.56% | 65.34% | 53.15% | 59.64% | 40.59% | 22.75% | 27.11% | 32.03% |
| 4.72% | 2.02% | 38.12% | 38.30% | 34.82% | 39.44% | 26.65% | 14.86% | 18.41% | 21.12% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 48 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 113 | 131 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 162 | 130 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.04x | 0.31x | 0.33x | 0.22x | 0.11x | 0.07x |
| Interest Coverage (x) | 217.91x | 4359.40x | 242.90x | 16.06x | 6.38x | 8.33x | 9.68x | 6.35x | 7.97x | 7.03x |
| 4.94x | 155.10x | 1214.85x | 15.30x | 6.71x | 0.78x | 1.65x | 2.17x | 3.45x | 5.08x | |
| GROWTH | ||||||||||
| Revenue Growth % | 164.92% | -7.11% | 68.18% | -16.65% | -24.43% | 126.91% | 16.88% | -33.64% | 98.62% | 38.74% |
| Operating Profit Growth % | -13.06% | -58.69% | 2334.96% | 90.88% | 22.23% | 109.10% | 13.59% | -29.47% | 33.28% | 39.12% |
| Net Profit Growth % | -10.42% | -55.17% | 2203.09% | 62.13% | 40.47% | 106.50% | 14.12% | -30.72% | 35.64% | 36.94% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 35.64% | 36.94% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.65x | 6.87x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.52x | 1.47x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 0.30% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.67x | 4.89x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-25 - Dolat Algotech Limited has informed the Exchange Company has received an approval/admission letter dated 25th August, 2026 from Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), granting the Company admission as a Self Clearing Member of the Exchange for commodity Segment. The Company will initiate trading-cum-self-clearing activities upon receipt of the enablement of membership from Multi Commodity Exchange of India Limited/ Multi Commodity Exchange Clearing Corporation Limited.We request you to kindly take the above on record and oblige.
2026-08-15 - Dolat Algotech Limited has informed the Exchange about Copy of Newspaper Publication for extracts of unaudited financial results (Consolidated and Standalone) for the quarter ended 30th June, 2026 published in Financial Express (English - All editions) and Financial Express (Gujarati - Ahmedabad / Gandhinagar edition) on 15th August, 2026.Please take the above on record and oblige.
2026-08-14 - Dolat Algotech Limited has submitted to the Exchange, the Unaudited financial results (Standalone & Consolidated) for the quarter ended 30th June, 2026 along with Limited review reports (Standalone & Consolidated) of the Auditor
2026-07-07 - Dolat Algotech Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018, received from Purva Sharegistry (India) Private Limited, the Registrar and Share Transfer Agent of the Company, for the quarter ending 30th June, 2026.
2026-06-29 - Dolat Algotech Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-05-26 - Dolat Algotech Limited has informed the Exchange about Copy of Newspaper Publication in Financial Express (Gujarati Newspaper Ahmedabad/Gandhinagar Edition) on 26th May, 2026, in relation to the second 100-Day Campaign Saksham Niveshak launched by IEPFA and the special window for lodgement of transfer requests pertaining to physical shares, since certain company details such as the website address, phone number, etc. were inadvertently published incorrectly by the publication agency in the advertisement released on 25th May, 2026.The inconvenience caused in this regard is regretted.We request you to kindly take the above on record and oblige.
2026-05-25 - Dolat Algotech Limited has informed the Exchange about Copy of Newspaper Publication in Financial Express (English newspaper - All editions) and Financial Express (Gujarati newspaper - Ahmedabad / Gandhinagar edition) on 25th May, 2026 in relation to the following:  The second 100-Day campaign Saksham Niveshak , launched by the IEPFA, from April 01, 2026 to July 09, 2026, for creating awareness and facilitating direct payment of unclaimed/unpaid dividends to rightful shareholders, with a focus on KYC updation and related compliance requirements; and Opening of special window for lodgement of the transfer requests pertaining of physical shares. Please take the above on record and oblige.
2026-05-23 - Dolat Algotech Limited has informed the Exchange about Action(s) taken or orders passed
2026-05-22 - Dolat Algotech Limited has informed the Exchange about Copy of Newspaper Publication to Notice of transfer of equity shares of the Company to Investor Education and Protection Fund (IEPF) published in in Financial Express (English newspaper - All editions) and Financial Express (Gujarati newspaper - Ahmedabad / Gandhinagar edition) on 22nd May, 2026;
News
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