Submission of disclosure under Regulation 52(4) of SEBI (LODR) Regulations, 2015
ARSSBL · price
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Awaiting price reaction for this filing.
Anand Rathi Share and Stock Brokers has submitted its periodic financial ratio disclosure to the stock exchanges, required because it has commercial paper listed on NSE. For H1 FY26 (ended Sept 30, 2025), the company's Net Worth nearly tripled to Rs 1,30,285.51 lakhs from Rs 46,038.08 lakhs a year earlier, consistent with the recent equity raise/IPO. The Debt-Equity Ratio improved sharply to 0.93 from 2.31. However, profitability weakened: Profit After Tax fell to Rs 5,071.55 lakhs from Rs 6,365.43 lakhs, and Operating Margin slipped to 15.88% from 19.49%. Debt Service Coverage Ratio dropped to 0.94 (below 1, meaning operating cash flow is not fully covering debt service). The Debenture Redemption Reserve fell sharply from Rs 3,019.07 lakhs to Rs 581.33 lakhs, indicating debentures were redeemed during the period.
The weaker PAT and margins year-over-year may weigh on near-term sentiment, while the stronger balance sheet (lower leverage, higher net worth) provides cushion. Investors should note the sub-1 DSCR, which warrants watching for the next period's debt servicing capacity.