ARSSBL · Anand Rathi Share and Stock Brokers Ltd · Investment Services
ARSSBL · Anand Rathi Share and Stock Brokers Ltd · Investment Services
As of 05 Nov close
52-week range
37.9% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 51 days old
Revenue (latest Q)
₹246 Cr
Revenue YoY
PAT YoY
+2.4%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
2.3
P/S (TTM)
3.2
Sector P/E
14.4
Dividend yield
+1.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ARSSBL (this stock) | 25.3 | 2.3 | +13.3% | +9.6% | 0.63 | +1.0% |
| ICICI Prudential Asset Management Company Ltd | 47.7 | 37.7 | +56.0% | Not available from data source | 3.22 | +0.9% |
| HDFC Asset Management Company | 39.9 | 12.3 | +69.3% | Not available from data source | 1.86 | +2.0% |
| Nippon Life India Asset Management | 50.1 | 16.3 | +56.4% | +34.5% | 1.36 | +1.8% |
Promoter
falling 1q
FII
falling 3q
MF
2.39% (-0.01pp)
stable
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 16 Jun 2026 | Asha Biyani | BUY | 20,000 | ₹1.09 Cr |
| 16 Jun 2026 | Asha Biyani | BUY | 20,000 | ₹1.09 Cr |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Anand Rathi Share and Stock Brokers Limited reported a 20% year-on-year increase in revenue from operations to INR2,732 million in Q2 FY27, with a 50% rise in PAT to INR419 million. The company noted subdued market sentiment due to geopolitical tensions, rising interest rates, and inflation, but highlighted strong primary market activity with INR90,000 crore raised through 108 IPOs in Q2. MTF book grew 38% YoY to INR1,499 crore, and AUM increased 29% to INR99,990 crore. Distribution income rose to INR327 million in Q2, with AUM growth of 29% YoY. Client base expanded to 10.5 lakh, with 55% having been with the company over three years. The company emphasized its focus on expanding non-broking revenue streams, including distribution and MTF, while maintaining a debt-equity ratio of 1.02. Management guided toward a MTF book size of INR1,750-1,800 crore by FY27 end and 40% AUM growth in distribution by year-end. The company also discussed challenges in debt market participation and changes in regulatory policies affecting mutual fund commissions. Employee expenses rose 31% due to expansion and payroll integration of outsourced staff. The earnings call concluded with management reaffirming growth targets of 15-20% top-line and 20-30% bottom-line growth.
The document highlights strong revenue and profit growth, expansion in key business segments, and positive market trends despite macroeconomic challenges.
Sourced from an exchange-filed transcript, dated 21 Oct 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Anand Rathi Share and Stock Brokers Limited held its earnings conference call on July 15, 2026, to discuss its financial performance for the first quarter ended June 30, 2026. Management reported a total revenue of ₹2,461 million, reflecting a year-on-year growth of 22.37%. EBITDA increased by 30.19% to ₹973 million, with a margin of 39.54%. Profit After Tax (PAT) before exceptional items grew by 71.2% to ₹391 million. The company noted a significant increase in its asset under custody, which reached ₹1.13 lakh crores, and highlighted a strong performance in the mutual fund sector. Management acknowledged challenges from geopolitical tensions and regulatory changes but expressed confidence in the resilience of the Indian capital markets. They also addressed an exceptional expense related to a fraudulent incident affecting two clients, stating that measures are being taken to enhance internal controls. The call concluded with management emphasizing their commitment to stakeholder growth and the ongoing development of their digital platform.
Management highlighted both growth achievements and challenges faced during the quarter.
Sourced from an exchange-filed transcript, dated 20 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Anand Rathi Share and Stock Brokers Limited submitted an investor presentation for the first quarter ended June 30, 2026. The presentation reported significant growth in key financial metrics, including total revenue from operations of ₹2,461.03 million, reflecting a 22.4% year-over-year increase. EBITDA reached ₹973.00 million, up 30.2% year-over-year, while profit after tax (PAT) before exceptional items was ₹390.62 million, a 71.2% increase. The assets under management also grew to ₹94,791 million, marking a 25.8% year-over-year rise. The company highlighted a steady increase in the non-broking segment's share of revenue, indicating a diversification strategy. Additionally, the number of active clients in the broking segment rose to 88,424, a 15% increase year-over-year. The presentation emphasized the company's strong client loyalty and a well-diversified margin trading facility book, mitigating concentration risks.
The presentation highlighted significant growth across various financial metrics.
Sourced from an exchange-filed presentation, dated 14 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Anand Rathi Share and Stock Brokers Limited held its earnings conference call on April 15, 2026, to discuss its financial performance for the fourth quarter and the full financial year ended March 31, 2026. Management reported that FY '26 was challenging due to global economic headwinds, including geopolitical tensions and market volatility, which affected investor sentiment. Despite these challenges, the company noted a significant increase in retail participation, with demat accounts rising to 22.2 crores and mutual fund assets growing by 24.8% year-on-year. The company achieved a consolidated revenue of ₹9,322 million for FY '26, with a PAT of ₹1,293 million. Management highlighted the importance of a diversified revenue model, with a goal of achieving a balanced revenue split between broking and non-broking segments. The company also reported a zero NPA in its Margin Trading Facility book and proposed a dividend of INR 5 per share, subject to shareholder approval.
The document presented a balanced view of achievements and challenges faced by the company.
Sourced from an exchange-filed transcript, dated 20 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Anand Rathi Share and Stock Brokers Limited submitted an investor presentation for the fourth quarter and financial year ended March 31, 2026. The presentation reported a total revenue from operations of ₹2,556.5 million for Q4FY26, reflecting a year-on-year increase of 28.1%. EBITDA for the same period was ₹1,103.3 million, up 51.4% year-on-year, with an EBITDA margin of 43.2%. The company reported a profit after tax (PAT) of ₹415.5 million, a significant increase of 125.7% year-on-year. For FY26, total revenue reached ₹9,321.6 million, a 10.2% increase from FY25, with PAT growing by 24.8% to ₹1,292.7 million. The assets under custody rose by 16.0% year-on-year to ₹944,155.3 million, and the total client base increased by 12.7% to 999,186 clients. The document emphasized sustained growth and business momentum despite market challenges.
Management highlighted strong financial performance and growth metrics.
Sourced from an exchange-filed presentation, dated 14 Apr 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedAnand Rathi Share and Stock Brokers Limited (ARSSBL) reported a contingent liability of Rs. 130 million related to a disputed client claim over alleged fraudulent off-market share transfers, pending police investigation. The company maintains robust internal financial controls, with no material weaknesses identified by auditors. No significant regulatory penalties or defaults were noted, and the company has no outstanding statutory dues beyond minor disputes. The board composition complies with regulatory requirements, including independent directors.
- Contingent liability of Rs. 130 million from disputed client fraud claim, under investigation by police.
- No material defaults, regulatory penalties, or statutory dues beyond minor disputes.
- Internal financial controls found effective with no material weaknesses by auditors.
- Board composition meets regulatory requirements, including independent directors.
- No significant litigation or compliance issues impacting financial position.
Key takeaway: ARSSBL faces a contingent liability from a disputed fraud claim but maintains effective controls and no major compliance issues.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item); Investigation or enforcement mention (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
The company has a pending penalty under the SEBI Act related to an inspection, and there are appeals pending under the Goods and Service Tax Act for the periods 2018-19 and 2019-20.
Investigation or enforcement mention
2 occurrencesRecent (last 12 months)
Anand Rathi Share and Stock Brokers Limited discovered suspicious activities with two customers, leading to a forensic audit by EY and an ongoing police investigation with asset freezes.
The company has filed Form ADT-4 with the Central Government regarding an alleged fraudulent transfer investigated by Anand Rathi Share and Stock Brokers Limited, as detailed in Note no. 38(ii)(c) of the standalone financial statements.
Routine disclosures
Contingent Liability
1 occurrenceRecent (last 12 months)
The company has created a contingent liability of ₹130 million as on March 31, 2026, due to a pending investigation into a fraudulent off-market transfer of shares.
Related-Party Transaction
1 occurrenceRecent (last 12 months)
The company sought shareholder approval for material related party transactions with Anand Rathi Financial Services Limited (ARFSL) and Anand Rathi Global Finance Limited (ARGFL) for the Financial Year 2026-27.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
11.67% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).