Anand Rathi Share & Stock Brokers Ltd
NSE: ARSSBL BSE: 544530Finance
Incorporated in 1991, Anand Rathi Share and Stock Brokers Limited is a Full-Service broking company.[1]
₹517
52W: ₹414 — ₹795
PE 24.7 · Book ₹216 · +139% vs bookMarket Cap₹3,256 Cr
Stock P/E24.7Price to Earnings
ROCE19.8%Return on Capital
ROE14.2%Return on Equity
Div. Yield0%Face Value ₹5
Strengths
- +Company has delivered good profit growth of 58.4% CAGR over last 5 years
- +Company has been maintaining a healthy dividend payout of 27.9%
Weaknesses
- −Company has low interest coverage ratio.
- −Company's cost of borrowing seems high
Shareholding Pattern
Promoters69.92%
FIIs0.82%
DIIs4.98%
Public24.29%
| Category | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|
| Promoters | 69.9% | 69.91%▲0.0 | 69.92%▲0.0 |
| FIIs | 2.83% | 1.91%▼0.9 | 0.82%▼1.1 |
| DIIs | 9.42% | 6.1%▼3.3 | 4.98%▼1.1 |
| Public | 17.87% | 22.08%▲4.2 | 24.29%▲2.2 |
Financial Statements
| Metric | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 211 | 230 | 204 | 199 | 201 | 227 | 248 | 255 |
| Expenses | 135 | 144 | 127 | 126 | 126 | 134 | 146 | 145 |
| Operating Profit | 76 | 86 | 77 | 73 | 75 | 93 | 102 | 111 |
| OPM % | 36% | 37% | 38% | 37% | 37% | 41% | 41% | 43% |
| Net Profit | 31 | 33 | 21 | 19 | 23 | 29 | 38 | 42 |
| EPS ₹ | 6.93 | 7.47 | 4.8 | 4.2 | 5.27 | 4.56 | 6.04 | 6.69 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹931Cr, up 10.3% YoY. OPM at 41%.
Debt Position
Borrowings at ₹840Cr. Debt-to-equity ratio: 0.64x. Moderate leverage.
Margin & Efficiency
ROCE improving from 0% (Mar 2020) to 20% (Mar 2026). Working capital days: -1008.
Valuation
PE 24.7x with 19.8% ROCE. Price is 139% above book value of ₹216. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Credit Rating 2d - ICRA reaffirmed ARSSBL ratings and enhanced bank lines to Rs 1,400 crore; CP to Rs 200 crore on May 15, 2026.
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 12 May - Anand Rathi Financial Services re-pledged 24 lakh shares of promoter holding with Yes Bank for margin limits.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 12 May
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 8 May - Final monitoring report for quarter ended March 31, 2026; IPO proceeds fully utilized, no deviations.
- Announcement under Regulation 30 (LODR)-Credit Rating 30 Apr - ICRA assigned ARSSBL [ICRA]A+ (Stable)/[ICRA]A1+ ratings on INR 100 crore bank lines and commercial paper.
- Rating update 15 May from icra
- Rating update 30 Apr from icra
- Rating update 8 Apr from care