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Companies›Financial Services›Financial Services›Finance

B.N.RATHI SECURITIES LTD.

Financial Services › Finance
₹17.02
at close · 28 Oct 2026
▼ 0.18 (-1.05%)

Latest filings

  1. Public shareholders sell 6.79% stake in B.N. Rathi Securities · Ownership Changes
  2. Public shareholder Darshan P Desai HUF sells 545163 shares via open market · Ownership Changes
  3. Quarterly demat compliance certificate under SEBI Reg 74(5) · Compliance
All filings ↓
Ask Nexa about B.N.RATHI SECURITIES LTD.

Snapshot

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

AI · written from filings

Operates as a Hyderabad-headquartered equity broking and depository participant firm listed on BSE. It is a corporate member of NSE, BSE and MCX, and a Depository Participant on CDSL. The main revenue driver is brokerage income, which stood at Rs 1,149.94 lakhs in Q3 FY26 (per company filings), with standalone total income of Rs 1,738.49 lakhs for that quarter. Beyond core broking and depository services, the firm runs a wholly-owned commodity trading subsidiary, B.N. Rathi Comtrade Private Limited, and has an associate Alternative Investment Fund manager, B-Fly Asset Manager LLP. For FY26, the firm reported revenue of Rs 54.40 crore and net profit of Rs 9.42 crore at an EBITDA margin of 27.17%. Costs are dominated by other operating expenses (72.1% of revenue) and employee costs (17.1% of revenue), with negligible materials cost, consistent with a services-led model.

Operating scale
Corporate memberships
NSE, BSE and MCX
Depository Participant
CDSL
Q3 FY26 brokerage income (standalone)
Rs 1,149.94 lakhsQ3 FY26
Q3 FY26 standalone total income
Rs 1,738.49 lakhsQ3 FY26
FY26 revenue
Rs 54.40 croreFY26
Dividend declared for FY26
Rs 0.50 per share (10%)
Who pays it
Retail and institutional investors trading on Indian stock exchanges and commodity markets, plus demat account holders
Biggest cost
Other operating expenses (72.1% of revenue), per FY26 cost shape
Kind of business
Cyclical, services-led equity broking and depository participant
Where it sits
Hyderabad-based, BSE-listed equity broker and CDSL depository participant with membership on NSE, BSE and MCX
Market Cap
₹71 Cr
P / E (TTM)
7.0×
EV / EBITDA
0.3×
Div Yield
2.92%
Growth
12.8%▲
Revenue 5y CAGR
PAT +21.0% · EBITDA +18.7%
Quality
20.2%▲
ROCE (5y median)
ROE 13.7% (5y median) · margin 27.2%
Leverage
0.00·
Debt / Equity · low
Net cash ₹67 Cr
Revenue FY21→FY26
1.8×▲
Margin +5.1 pts
₹30 Cr → ₹54 Cr
Cash conversion
0.69×·
Operating cash ÷ profit · 5 yrs
₹29 Cr on ₹42 Cr
Moves on a normal day
1.43%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 120 Other Financial Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#15/76
P/B#48/105
ROCE#10/83
ROE#13/111
Debt / Equity#1/77
EBITDA margin#45/91
Revenue growth#16/85
Profit growth#6/109

Scorecard

Measured from the filed financials, judged against its Other Financial Services peers · as of FY26 — not investment advice

Strengths
Revenue compounding 13% a year over 5 years
Profit compounding 21% a year over 5 years
Returns on capital 20.2% (5-year median)
#10 of 83 in Other Financial Services on the latest reported figures · down from 22.3% in FY21
Pays out 22% of profit as dividend
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

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

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 B.N.RATHI SECURITIES LTD.'s filed financials and exchange disclosures

What does B.N.RATHI SECURITIES LTD. do?

B.N.RATHI SECURITIES LTD. is a Finance company listed on BSE.

Is B.N.RATHI SECURITIES LTD. profitable?

Yes. Over the trailing twelve months B.N.RATHI SECURITIES LTD. reported a net profit of ₹9.42 Cr on revenue of ₹54 Cr.

Does B.N.RATHI SECURITIES LTD. pay a dividend?

Yes. The dividend yield is 2.92% at the current price. It paid out 22% of its profit as dividend in FY26.

Is B.N.RATHI SECURITIES LTD. debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹67 Cr of cash.

Is B.N.RATHI SECURITIES LTD. expensive compared with its peers?

On trailing P/E, B.N.RATHI SECURITIES LTD. ranks 15 of 76 in Other Financial Services — cheaper than 81% of them, against an industry median of 19.0×. This is a position, not a valuation judgement.

How much does the B.N.RATHI SECURITIES LTD. share price move in a day?

On a typical session B.N.RATHI SECURITIES LTD. moves 1.43% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track B.N.RATHI SECURITIES LTD.'s announcements?

Every NSE and BSE filing by B.N.RATHI SECURITIES LTD. 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.