Annual Report for the Financial Year ending 31.03.2025

Revenue Growth 20pctEbitda Margin CompressionResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹68.05

prior close

₹69.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+2.4% vs market

Stockbroking & Allied peers, median of 34sector-1.1%+2.9% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.9 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-0.7+2.4-1.1+2.9

Next day

+1.4-0.7+2.1-0.7+2.1

+1.1-0.2+1.3+0.2+0.9

-2.1-0.1-2.0+0.5-2.6

-2.6+0.4-3.0+1.1-3.8

+1.8+0.3+1.5+1.0+0.8

+1.4+1.0+0.4+2.1-0.7

15d

+4.3-0.2+4.5-0.9+5.3

+5.4-1.2+6.5-1.3+6.6

+0.5+0.6-0.1+2.9-2.4

-13.7-4.3-9.5-3.5-10.3

UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rikhav Securities, a diversified broking and market-making firm with 30+ years of history, listed on the BSE SME platform on 22 January 2025 via an IPO of ₹88.82 Cr. FY25 total income surged to ₹327.76 Cr from ₹110.60 Cr in FY24, with revenue rising to ₹317.91 Cr (up ~207% YoY). However, expenses ballooned to ₹293.26 Cr from ₹55.69 Cr, causing EBITDA to fall to ₹34.50 Cr (vs ₹54.91 Cr) and PAT to drop to ₹23.55 Cr (vs ₹42.20 Cr). EBITDA margin collapsed from 49.64% to 10.53%, and EPS slipped to ₹7.51 from ₹28.17. The company serves 23,000+ clients, supports 45+ SME IPOs annually as a SEBI-registered market maker, and recently launched a Margin Trading Facility (MTF). Net worth strengthened to ₹226.52 Cr post-listing.

Likely market impact

Strong revenue scale-up post-listing is positive, but the sharp drop in margins and profits (despite tripling revenue) signals rising cost intensity or shift in business mix that shareholders should watch closely. The SME listing and new MTF product provide a platform for growth, but profitability recovery is key for stock price support.