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Anand Rathi Share and Stock Brokers share price & results

Anand Rathi Share and Stock Brokers Limited· Financial Services

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

Pan-India stock broking firm offering equity broking, margin trade financing (MTF) and financial-product distribution.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue273 ₹ crore+20.3% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin37.0 %−4.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit42.0 ₹ crore+50.0% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity11.56 %−9.3 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin75.64 %−1.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)22.96 %−13.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

2 of 3 judged targets kept · 8 open · verdicts reflect calls analysed to Q2 FY27.

Anand Rathi Share and Stock Brokers Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (2 achieved, 1 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
AUM (Distribution Book)INR 9,500 crores plus/minus
Call transcript, Q2 FY26 · 20 Oct 2025		Q2 FY26Q2 FY27:Distribution AUM expanded further to INR 9,999.0 crores (+29% YoY), reaching the top end of the revised ₹9,500-10,000 crores target range.
Call transcript, Q2 FY27 · 14 Oct 2026		Achieved
MTF Book ValueINR 1,500 crores by FY end (March '26)
Call transcript, Q2 FY26 · 20 Oct 2025		Q2 FY26Q2 FY27:Historical FY26 commitment remains missed at deadline. Notably, the MTF book reached INR 1,499.3 crores in Q2 FY27 (two quarters after the original March 2026 deadline) and is now tracked under the FY27 target.
Call transcript, Q2 FY27 · 14 Oct 2026		Missed
Non-Broking Revenue Growth40-45%
Call transcript, Q4 FY26 · 15 Apr 2026		Q4 FY26Q2 FY27:Management resumed explicit guidance on non-broking segment growth, but lowered the target range from 40-45% to 'about 30% to 35% and, in certain cases, 40%'. In Q2 FY27, MTF interest income grew 36% YoY to INR 49.6 crores while distribution revenue was INR 32.7 crores amidst a shift from upfront to trail commissions.
Call transcript, Q2 FY27 · 14 Oct 2026		Revised Down

Source: Inve Guidance Tracker for Anand Rathi Share and Stock Brokers Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Anand Rathi Share and Stock Brokers Limited's 11 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹466.85 +4.46% · +₹19.95

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −8.6% 1Y

₹400₹500₹600₹700₹800Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Oct 2025Q3 FY26 — 14 Jan 2026Q4 FY26 — 15 Apr 2026Q1 FY27 — 15 Jul 2026Q2 FY27 — 14 Oct 2026

1Y: ₹511 on 24 Oct 2025 → ₹466.85. High ₹773.95 (18 Nov 2025), low ₹418.1 (30 Mar 2026).

Previous close
₹446.9
Market cap
₹2.8k Cr
52-week range
₹418.1 – ₹773.95
One year
−7.27%
Price to earnings (TTM to Sept 2026)
17.54×
Return on equity (TTM to Sept 2026)
11.56%

Overview

Symbol
NSE:ARSSBL
Exchange
NSE
Currency
INR

What Anand Rathi Share and Stock Brokers Limited does

Based on the company's own presentations, annual report and earnings calls.

Anand Rathi Share and Stock Brokers is a full-service financial services firm that reaches clients through a mix of own branches and franchisee-run Authorized Persons spread across India. Its core lines are equity/derivatives broking and related services, a Margin Trade Facility (MTF) book that lends to clients against securities, and distribution of third-party financial products such as mutual funds, PMS, AIF, structured products, bonds and insurance. It earns brokerage and fee income on broking transactions, interest income on the MTF loan book, and commission/distribution income on financial-product sales, and operates a 'phygital' (branch plus digital platform) service model with a client base skewed towards Tier 2/3 cities.

Segments

  • Broking Segment
  • Non-Broking Segment
  • Other Income from Operations
Own branches
98
Authorized Persons (franchisees)
1,085
Cities with presence
307
Total clients
9,99,186
Active clients (broking segment, FY26)
1,49,404
States/UTs covered
25
Founded 1991Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q2 FY27
−5.2%
14 Oct
Q1 FY27
−4.3%
15 Jul
Q4 FY26
+1.8%
15 Apr
Q3 FY26
+3.1%
15 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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