Anand Rathi Share and Stock Brokers

Quick check

The five things to look at first. Open one for more.

• DebtAdequate safetyRated A+ by ICRA.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 20% and profit rose 45% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 70% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 18.7 times its yearly earnings (P/E), cheaper than 98% of the time in the last 1 years. Its usual P/E is about 28.

Anand Rathi Share and Stock Brokers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)18.7 against a typical 20: cheaper than most peers (1st = cheapest).19th of 42
• Sales growth+20.3% against a typical +18.8% from a year earlier.20th of 41
• Profit growth+44.8% against a typical +10% from a year earlier.10th of 35
• Share price, 3 months−8.1% against a typical −2.7%.27th of 40
• Size₹ 2,810.4 Cr. market value against a typical ₹ 435.9 Cr. (1st = largest).8th of 39

Exchange filings and their impact on the company.

• 21 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice −0.9% on 22 Oct
  Record Q2 with 20% revenue and 50% profit growth backs 15-20% sales and 20-30% profit growth guidance on MTF and distribution scale-up.

  Anand Rathi Share and Stock Brokers reported record Q2 FY27 revenue of Rs 273.2 crore, up 20%, and net profit of Rs 41.9 crore, up 50%. Broking revenue grew 34% to Rs 155.1 crore, MTF interest grew 36% on a Rs 1,499 crore loan book, and distribution assets grew 29% to about Rs 10,000 crore. Management targets MTF book of Rs 1,750-1,800 crore and 40% distribution AUM growth by March 2027, with 15-20% revenue and 20-30% profit growth.

  Full analysisFiling
• 13 Oct 2026Allotment of SecuritiesLow impactNeutralPrice −5.2% on 14 Oct
  Allotted 44,350 ESOP shares, lifting share count by ~0.07% with negligible dilution.

  Anand Rathi Share and Stock Brokers allotted 44,350 equity shares under its ESOP/ESPS scheme on October 13, 2026. The new shares represent about 0.07% of the company's ~6.3 crore shares outstanding. The allotment has no material impact on the business, revenue or profitability over the next year.

  Full analysisFiling
• 13 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −5.2% on 14 Oct
  Strong Q2 with revenue +20% and PAT +50% YoY puts full-year profit ~20-28% above FY26.

  Anand Rathi Share and Stock Brokers reported Q2 FY27 consolidated revenue of Rs 273.2 crore, up 20% year-on-year, and net profit of Rs 41.9 crore, up 50% year-on-year. For the half year, revenue was Rs 519.3 crore and reported profit was Rs 65.3 crore after a Rs 21 crore exceptional loss in Q1 for client securities fraud. The clean Q2 shows strong fees, interest income and lower finance costs, supporting higher full-year revenue, profit and net worth.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Tarak Kumarpal Shah

Chief Financial Officer

Chetan Pravinbhai Prajapati

Compliance Officer, Company Secretary

Roop Kishor Bhootra

Whole-Time Director

Vishal Jugal Kishore Laddha

Whole-Time Director

Pradeep Navratan Gupta

Managing Director (Promoter)