Companies›Financial Services›Financial Services›Capital Markets
NSE:ARSSBL

ANAND RATHI SH N STK BR L

Financial Services › Capital Markets
₹468.80
at close · 27 Oct 2026
▲ 18.80 (+4.18%)

Latest filings

  1. Q2 FY27 Earnings Call Transcript; Revenue Up 20%, PAT Up 50% YoY · Investor Communications
  2. Audio recording of Q2FY27 earnings call uploaded on website · Investor Communications
  3. Newspaper publication of Q2 FY27 financial results · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates a retail-facing stockbroking and capital markets business in India, earning trading brokerage from active clients in equities and derivatives. Beyond broking, it lends against securities through its Margin Trading Funding (MTF) book and distributes mutual funds and other products, alongside running a depository participant (DP) business that holds client securities in demat form. Q1 FY27 revenue mix was 52% broking, 29% non-broking (MTF, distribution, depository) and 19% other income; consolidated revenue was ₹2,461M, with EBITDA margin at 39.54%. Assets under custody (AUC) reached ₹1.13 lakh crore, served by 88,424 active clients across a network of 319 cities and 2,263 employees. The firm is expanding through a Dubai subsidiary to serve NRI/HNI clients and through an AI-enabled digital platform integrated with UPI/AA/eSign. Employee compensation is the dominant cost at 32.5% of FY26 revenue, with other operating expenses at 26.7%; depreciation and capex are minimal at under 3% each, reflecting the asset-light nature of the business.

Revenue mix · reported segments
Broking52.0%
Non-broking29.0%
Other income19.0%
Operating scale
MTF book
₹1,331.8MQ1 FY27
Distribution AUM
₹9,479.1MQ1 FY27
Assets under custody (AUC)
₹1.13 lakh croreQ1 FY27
Active clients
88,424Q1 FY27
Branch / franchise network
319 citiesQ1 FY27
Employees
2,263Q1 FY27
Who pays it
Indian retail and active traders across 319 cities, plus NRIs and HNIs served via a newly approved Dubai subsidiary
Biggest cost
Employee compensation at 32.5% of FY26 revenue
Kind of business
Asset-light, cyclical stockbroking with growing capital-market lending (MTF) and distribution
Where it sits
India-listed retail broker with ₹1.13 lakh crore AUC, 88,424 active clients and a 319-city network
Market Cap
₹2,955 Cr
P / E (TTM)
18.6×
EV / EBITDA
9.7×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
23.9%▲
ROCE (FY26)
ROE 9.6% · margin 41.0%
Leverage
0.62·
Debt / Equity · moderate
Net debt ₹752 Cr
Moves on a normal day
1.60%·
Median daily move
Last 263 sessions · the yardstick for filing-day moves
Where it sits among 41 Stockbroking & Allied peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#20/33
P/B#24/40
ROCE#9/16
ROE#21/40
Debt / Equity#12/14
EBITDA margin#20/39
Revenue growth#18/35
Profit growth#25/38

Scorecard

Measured from the filed financials, judged against its Stockbroking & Allied peers · as of FY26 — not investment advice

Strengths
Negative working-capital cycle — the business is funded by its suppliers
Concerns
Carries more debt than its peers — 0.62× equity
higher than 85% of its 14 Stockbroking & Allied peers

Charts

How has the market priced it — with filings on the timeline?

ARSSBL · price

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

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ANAND RATHI SH N STK BR L's filed financials and exchange disclosures

What does ANAND RATHI SH N STK BR L do?

ANAND RATHI SH N STK BR L is a Capital Markets company listed on NSE and BSE, trading under the symbol ARSSBL.

Is ANAND RATHI SH N STK BR L profitable?

Yes. Over the trailing twelve months ANAND RATHI SH N STK BR L reported a net profit of ₹130 Cr on revenue of ₹977 Cr.

Does ANAND RATHI SH N STK BR L pay a dividend?

Not in the latest reported year — ANAND RATHI SH N STK BR L's dividend payout for FY26 was nil.

Is ANAND RATHI SH N STK BR L debt-free?

No. It reported borrowings of ₹831 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹752 Cr after cash. Debt stands at 0.62× equity. That is higher than 85% of its 14 Stockbroking & Allied peers.

Is ANAND RATHI SH N STK BR L expensive compared with its peers?

On trailing P/E, ANAND RATHI SH N STK BR L ranks 20 of 33 in Stockbroking & Allied — cheaper than 41% of them, against an industry median of 15.1×. This is a position, not a valuation judgement.

How much does the ANAND RATHI SH N STK BR L share price move in a day?

On a typical session ANAND RATHI SH N STK BR L moves 1.60% — that is the median absolute close-to-close move across its last 263 trading days. MarketPing measures each filing's price reaction against it.

Where can I track ANAND RATHI SH N STK BR L's announcements?

Every NSE and BSE filing by ANAND RATHI SH N STK BR L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.