Company File · BSE 544530 · Latest filing Q2 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Anand Rathi Share and Stock Brokers Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q2 FY27
ISIN INE549H01021 · ARSSBL · Financial Services › Capital Markets
Price & valuation · BSE close, 19 Oct 2026
Usual 21.4×
Above its usual level
- Sales growth
- +20.1%
- Profit growth
- +48.0%
- Op. margin
- 36.7%
- P/E
- 22.4×
- Usual P/E
- 21.4×
- Price/book
- 2.21×
- ROCE
- 16.4%
- Debt/equity
- 1.01×
- Promoter
- 69.58%
- Pledged
- 6.20%
Earnings callsNo earnings-call transcript from Anand Rathi Share and Stock Brokers in our data yet. When it files one on BSE, the call notes appear here within a few hours. See its call page
Is it expensive, and is it a good business?
Key ratios
In short Priced above its own usual level (P/E 22.4× vs 21.4×), earns moderate returns on capital (ROCE 16.4%) and borrows ₹1.01 for every ₹1 of shareholders' money.
What you pay Valuation
On consolidated figures, buyers pay about ₹22 for every ₹1 the company earned per share over the last year. Above its 1-year median of 21.4×.
Uses consolidated figures: the standalone results we hold do not give four quarters of EPS (a quarter is missing or was filed without figures).
Latest BSE close ÷ last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. Earlier quarters' EPS is restated on the latest share count after a split or bonus. As of 19th October 2026.
The share price is 2.2 times the accounting value of each share. Below its 1-year median of 2.4×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
Needs four consecutive quarters.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
Needs four consecutive quarters.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
Needs EPS from a year earlier; our results do not go back far enough yet.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid ₹5.00 a share in the last 12 months (1 payout), 1.03% of today's share price.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Each ₹100 of shareholders' money and debt earned about ₹16.4 before interest & tax.
Uses closing capital because the balance sheet from a year earlier is not available yet.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 31st March 2026.
Needs four consecutive quarters.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 30th September 2026.
The company holds more cash than its equity plus debt, so ROIC is not meaningful.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 31st March 2026.
Needs four consecutive quarters.
Last 12 months' revenue ÷ average total assets. As of 30th September 2026.
Needs four consecutive quarters.
Last 12 months' profit before interest & tax ÷ finance costs. As of 30th September 2026.
For every ₹1 of shareholders' money, it has borrowed ₹1.01.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 30th September 2026.
Who owns it Ownership & more
The founders or parent group own 69.58% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding fell by 0.04 percentage points last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
Promoter holding, quarter by quarter
- Sep 202669.58%
- Jun 202669.62%
- Mar 202669.92%
- Dec 202569.92%
- Sep 202569.90%
Promoters have pledged 6.20% of their shares (27.2 lakh shares), 4.31% of the company.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
Pledged, quarter by quarter
- Sep 20266.20%
- Jun 20266.15%
- Mar 20265.47%
- Dec 20250.00%
- Sep 20250.00%
After paying for new plant & equipment, operations left ₹729 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2026.
Each share has a face (nominal) value of ₹5. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 6.31 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹3,073 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹2,180 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
Needs four consecutive quarters.
Sum of the last four quarters' reported profit after tax. As of 30th September 2026.
Needs four consecutive quarters.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. Earlier quarters' EPS is restated on the latest share count after a split or bonus. As of 30th September 2026.
Each share is backed by about ₹220 of net assets on the books.
Shareholders' equity ÷ shares. As of 30th September 2026.
Needs four consecutive quarters.
EBITDA ÷ revenue over the last four quarters. As of 30th September 2026.
About ₹15.5 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th September 2026.
Sales were 20.1% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th September 2026.
Profit was 48.0% higher than a year earlier.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th September 2026.
Short-term assets cover short-term bills 1.48 times.
Current assets ÷ current liabilities. As of 30th September 2026.
Needs four consecutive quarters.
Trade receivables ÷ last 12 months' revenue × 365. As of 30th September 2026.
Needs four consecutive quarters.
Inventories ÷ last 12 months' revenue × 365. As of 30th September 2026.
Needs four consecutive quarters.
Other income ÷ profit before tax, last 12 months. As of 30th September 2026.
Each ₹1 of profit brought in ₹5.66 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Cash exceeds borrowings by ₹892 crore.
Cash & bank balances − borrowings. As of 30th September 2026.
Needs reported tax expense that reconciles.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th September 2026.
Needs four consecutive quarters.
Last 12 months' profit ÷ average total assets. As of 30th September 2026.
Needs four consecutive quarters.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th September 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹16 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹1,404 crore.
Current + non-current borrowings. As of 30th September 2026.
Foreign institutions own 0.32%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 3.63%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹795.1.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 18th November 2025.
The lowest price in the last year was ₹414.25.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 30th March 2026.
The share price moved -3.2% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
Needs positive 12-month EPS.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th September 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 6.31 crore, from paid-up capital in the 19th October 2026 filing. Figures are standalone.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Standalone
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q2 FY27 |
|---|---|---|---|---|
| Revenue from operations | 227.1 | 248.1 | 255.3 | 272.7 |
| EBITDA | 93.2 | 101.9 | 110.7 | 100.1 |
| Operating margin | 41.1% | 41.1% | 43.4% | 36.7% |
| Profit after tax | 28.6 | 37.9 | 42.0 | 42.3 |
| Basic EPS (₹) | 6.43 | 7.71 | 7.83 | 6.71 |
Latest filings BSE
Corporate announcements 9
- 13 Oct 2026Allotment of ESOP / ESPS
- 8 Oct 2026Board Meeting Intimation for Board Meeting Intimation Under Regulation 29
- 28 Sep 2026AllotmentAllotment of Equity Shares
Quarterly results 3
- 13 Oct 2026Press Release / Media Release
- 13 Oct 2026Approval Of The Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30, 2026
- 13 Oct 2026Board Meeting Outcome for Outcome Of Board Meeting Dated October 13, 2026
Conference calls 3
- 14 Oct 2026Analyst / Investor Meet - Outcome
- 8 Oct 2026Analyst / Investor Meet - Intimation
- 22 Sep 2026Analyst / Investor Meet - Intimation
Investor presentations 1
- 13 Oct 2026Investor Presentation
Members see every filing, and what each means for the company in Corporate Intelligence.
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