BNRSEC
B.N.Rathi Securities financials
- Market cap
- ₹70 Cr
Quarterly results
Q1 FY27: revenue up 38.3%, net profit up 75.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 11 | 8 | 12 | 13 −12% | 15 +34% | 15 +77% | 16 +38% |
| EBITDA | 3 | -0 | -1 | 1 | 1 −49% | 2 +1100% | 1 +278% | 2 +103% |
| Net profit | 4 | 2 | 0 | 1 | 2 −41% | 3 +94% | 3 +608% | 3 +75% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −15.7% 1Y
1Y: ₹21.05 on 9 Sept 2025 → ₹17.75. High ₹22.86 (17 Sept 2025), low ₹11.3 (30 Mar 2026).
Financials, as filed
Revenue grew 6.7% a year over 2 years, FY24 to FY26. Operating margin narrowed to 10.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹48 Cr | ₹48 Cr | ₹54 Cr |
| Operating profit | ₹6 Cr | ₹4 Cr | ₹6 Cr |
| Operating margin | 12.4% | 8.1% | 10.8% |
| Interest | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Depreciation | ₹0 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹11 Cr | ₹9 Cr | ₹9 Cr |
| Net margin | 22.1% | 19.6% | 17.3% |
| Cash from operations | ₹5 Cr | ₹-23 Cr | ₹10 Cr |
| Free cash flow | ₹4 Cr | ₹-23 Cr | ₹10 Cr |
| ROCE | 29.0% | 20.0% | 19.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹8 Cr | ₹8 Cr | ₹10 Cr | ₹21 Cr | ₹21 Cr |
| Reserves | ₹20 Cr | ₹28 Cr | ₹35 Cr | ₹53 Cr | ₹53 Cr | ₹58 Cr |
| Borrowings | ₹7 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹86 Cr | ₹110 Cr | ₹112 Cr | ₹142 Cr | ₹120 Cr | ₹127 Cr |
| Total liabilities | ₹118 Cr | ₹148 Cr | ₹156 Cr | ₹205 Cr | ₹194 Cr | ₹206 Cr |
| Fixed assets | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹4 Cr | ₹4 Cr | ₹3 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹10 Cr | ₹8 Cr |
| Other assets | ₹113 Cr | ₹143 Cr | ₹152 Cr | ₹201 Cr | ₹181 Cr | ₹195 Cr |
| Total assets | ₹118 Cr | ₹148 Cr | ₹156 Cr | ₹205 Cr | ₹194 Cr | ₹206 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.29 pp while promoters trimmed −0.28 pp. The shareholder count shrank 15% to 19,723.
- Promoters
- 46.8%
- Public
- 53.3%
Since Jun 2025
- Public +0.29 pp
- Promoters −0.28 pp
How it drifted, 12 quarters
Over this window the public went from 41.9% to 53.3% — +11.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 58.1%, Public 41.9%.Dec '23: Promoters 47.6%, Public 52.4%.Mar '24: Promoters 47.6%, Public 52.4%.Jun '24: Promoters 47.6%, Public 52.4%.Sep '24: Promoters 47.6%, Public 52.4%.Dec '24: Promoters 47.0%, Public 53.0%.Mar '25: Promoters 47.0%, Public 53.0%.Jun '25: Promoters 47.0%, Public 53.0%.Sep '25: Promoters 47.0%, Public 53.0%.Dec '25: Promoters 46.8%, Public 53.2%.Mar '26: Promoters 46.8%, Public 53.2%.Jun '26: Promoters 46.8%, Public 53.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Investo education and protection fund newly disclosed 2.01% held
- Rangasamy Balakumar newly disclosed 1.01% held
- Manju Gaggar +0.05 pp 1.08% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of B.N.Rathi Securities Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Hari Narayan Rathi | 28.02% | unchanged |
| Nisha Rathi | 12.17% | unchanged |
| Chanda Devi Rathi | 6.43% | unchanged |
| Darshan P Desai Huf . | 4.11% | unchanged |
| Priyanka Darshan Desai | 3.40% | unchanged |
| Mahendra Girdharilal | 3.34% | unchanged |
| Investo education and protection fund | 2.01% | newly disclosed |
| Amit rathi | 1.10% | unchanged |
| Manju Gaggar | 1.08% | +0.05 pp |
| Rangasamy Balakumar | 1.01% | newly disclosed |
| Chetan Rathi | 0.14% | unchanged |
| Investor Education And Protection Fund Authority M | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse B.N.Rathi Securities Ltd.
Guides on how to read this kind of business and the numbers that matter.