ANAND RATHI SHARE AND STOCK BROKERS LIMITED

Income Statement Anand Rathi Share and Stock Brokers Limited

Stocks

ARSSBL

INE549H01021

Investment Banking & Brokerage Services

Delayed NSE India S.E. 09:47:19 27/08/2026 am IST			5-day change	1st Jan Change
522.05 ^INR	-0.81%		+5.15%	-16.99%

24/07	359,150 Equity Shares of Anand Rathi Share and Stock Brokers Limited are subject to a Lock-Up Agreement Ending on 24-JUL-2026.	CI
14/07	Anand Rathi Share and Stock Brokers Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI

6cd813006.CPPaJ4MvjQjD2t5ZCejR-CFptCFjfuE1muFf0am_3X0.MIqKF9BLwVLu7aoTYtCdjBAK00lVTNIM_ZcYgNDQ7DFhkul03FjLarq9nw

Published financial data: ANAND RATHI SHARE AND STOCK BROKERS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Interest and Dividend Income, Total	93Cr	131.2Cr	215.08Cr	321.15Cr	415.07Cr
Interest Expense, Total	27Cr	39Cr	88Cr	138.63Cr	173.09Cr
Net Interest Income	66Cr	92Cr	127.4Cr	182.52Cr	241.98Cr
Brokerage Commission	330.34Cr	336.05Cr	466.69Cr	524.22Cr	517.3Cr
Gain (Loss) on Sale of Investments, Total (Rev)	6L	56.9L	2L	33L	-21.3L
Revenues Before Provison For Loan Losses	396.26Cr	428.45Cr	594.11Cr	707.06Cr	759.06Cr
Provision For Loan Losses	8.22Cr	-	1.08Cr	1.19Cr	65.1L
Total Revenues	388.04Cr	428.45Cr	593.03Cr	705.88Cr	758.41Cr
Salaries And Other Employee Benefits	144.47Cr	169.1Cr	214.82Cr	272.52Cr	303.3Cr
Cost of Services Provided, Total	106.99Cr	122.96Cr	155.97Cr	161.54Cr	133.07Cr
Depreciation & Amortization - (IS) - (Collected)	13Cr	15Cr	20Cr	25Cr	26Cr
Other Operating Expenses	60Cr	71Cr	88Cr	106.85Cr	126.15Cr
Total Operating Expenses	324.58Cr	378.08Cr	478.74Cr	566.39Cr	588.66Cr
Operating Income	63Cr	50Cr	114.29Cr	139.49Cr	169.75Cr
Other Non Operating Income (Expenses)	35L	74.8L	1.13Cr	97.7L	1.77Cr
EBT, Excl. Unusual Items	64Cr	51Cr	115.42Cr	140.46Cr	171.52Cr
Gain (Loss) on Sale of Assets	-22.2L	-12.1L	-2L	-9L	5L
EBT, Incl. Unusual Items	64Cr	51Cr	115.4Cr	140.38Cr	171.57Cr
Income Tax Expense	13Cr	13Cr	38Cr	37Cr	42Cr
Earnings From Continuing Operations	51Cr	38Cr	77Cr	103.61Cr	129.27Cr
Net Income to Company	51Cr	38Cr	77Cr	103.61Cr	129.27Cr
Net Income - (IS)	51Cr	38Cr	77Cr	103.61Cr	129.27Cr
Net Income to Common Incl Extra Items	51Cr	38Cr	77Cr	103.61Cr	129.27Cr
Net Income to Common Excl. Extra Items	51Cr	38Cr	77Cr	103.61Cr	129.27Cr
Per Share Items
Net EPS - Basic	15.05	9.36	19.03	23.36	24.1
Basic EPS - Continuing Operations	15.05	9.36	19.03	23.36	24.1
Basic Weighted Average Shares Outstanding	3.38Cr	4.03Cr	4.06Cr	4.44Cr	5.36Cr
Net EPS - Diluted	15.05	9.36	18.2	22.46	23.4
Diluted EPS - Continuing Operations	15.05	9.36	18.2	22.46	23.4
Diluted Weighted Average Shares Outstanding	3.38Cr	4.03Cr	4.25Cr	4.61Cr	5.52Cr
Normalized Basic EPS	11.81	7.92	17.76	19.79	19.99
Normalized Diluted EPS	11.81	7.92	16.98	19.03	19.41
Dividend Per Share	-	-	-	14	5
Supplemental Items
Total Revenues (As Reported)	423.78Cr	468.7Cr	683.26Cr	847Cr	934.37Cr
Effective Tax Rate - (Ratio)	20.11	25.98	33.02	26.19	24.65
Current Domestic Taxes	15Cr	14Cr	29Cr	36Cr	42Cr
Total Current Taxes	15Cr	14Cr	29Cr	36Cr	42Cr
Deferred Domestic Taxes	-1.87Cr	-34.5L	8.65Cr	42.5L	23.8L
Total Deferred Taxes	-1.87Cr	-34.5L	8.65Cr	42.5L	23.8L
Normalized Net Income	40Cr	32Cr	72Cr	88Cr	107.2Cr
Non-Cash Pension Expense	-2L	9L	9L	-4L	4L
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	-	-	-	8.94Cr	6.14Cr
Total Stock-Based Compensation	-	-	-	8.94Cr	6.14Cr

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	42Cr	29Cr	35Cr	38Cr	79Cr
Accounts Receivable, Total	141.47Cr	203.81Cr	247.01Cr	253.16Cr	313.58Cr
Other Receivables	327.12Cr	393.82Cr	655.65Cr	740.99Cr	1.2TCr
Gross Property Plant And Equipment	62Cr	70Cr	105Cr	125.06Cr	126.72Cr
Accumulated Depreciation	-24Cr	-32Cr	-48Cr	-52Cr	-60Cr
Net Property Plant And Equipment	38Cr	38Cr	57Cr	73Cr	67Cr
Other Intangibles, Total	13Cr	11Cr	10Cr	11Cr	11Cr
Trading Asset Securities, Total	6.52Cr	9.09Cr	2.54Cr	6.5Cr	33Cr
Other Current Assets, Total	764.44Cr	928.71Cr	1.57TCr	2.24TCr	5.39TCr
Deferred Tax Assets Long-Term (Collected)	7.3Cr	7.65Cr	-	-	-
Deferred Charges Long-Term	-	-	-	4.48Cr	-
Other Long-Term Assets, Total	-	7.74Cr	7.62Cr	-	-
Total Assets	1.34TCr	1.63TCr	2.59TCr	3.37TCr	7.1TCr
Liabilities
Accounts Payable, Total	774.22Cr	878.74Cr	1.22TCr	1.86TCr	4.78TCr
Accrued Expenses, Total	11Cr	14Cr	18Cr	14Cr	61Cr
Short-Term Borrowings	204.25Cr	191.53Cr	40Cr	343.97Cr	155.58Cr
Current Portion of Long-Term Debt	11Cr	106.45Cr	220Cr	425.62Cr	640.6Cr
Current Portion of Leases	-	-	-	17Cr	11Cr
Long-Term Debt	61Cr	125.02Cr	618.92Cr	135.97Cr	35Cr
Long-Term Leases	15Cr	17Cr	29Cr	18Cr	13Cr
Current Income Taxes Payable	-	-	1.88Cr	84L	-
Pension & Other Post Retirement Benefits	28Cr	22Cr	34Cr	40Cr	41Cr
Deferred Tax Liability Non-Current	-	-	1Cr	1.43Cr	1.67Cr
Other Non Current Liabilities	9.15Cr	9.32Cr	8.63Cr	8.58Cr	9.34Cr
Total Liabilities	1.11TCr	1.36TCr	2.19TCr	2.86TCr	5.75TCr
Common Stock, Total	13Cr	20Cr	22Cr	22Cr	31Cr
Additional Paid In Capital	124.84Cr	124.84Cr	172.83Cr	172.83Cr	877.22Cr
Retained Earnings	90Cr	108.2Cr	172.68Cr	287.78Cr	425.22Cr
Comprehensive Income and Other	-41.1L	12Cr	25Cr	21Cr	14Cr
Total Common Equity	227.4Cr	265.23Cr	392.66Cr	503.76Cr	1.35TCr
Total Equity	227.4Cr	265.23Cr	392.66Cr	503.76Cr	1.35TCr
Total Liabilities And Equity	1.34TCr	1.63TCr	2.59TCr	3.37TCr	7.1TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.38Cr	4.03Cr	4.44Cr	4.44Cr	6.27Cr
ECS Total Common Shares Outstanding	3.38Cr	4.03Cr	4.44Cr	4.44Cr	6.27Cr
Book Value / Share	67.36	65.78	88.53	113.57	214.93
Tangible Book Value	214.42Cr	254.06Cr	382.43Cr	492.35Cr	1.34TCr
Tangible Book Value Per Share	63.52	63.01	86.22	111	213.18
Total Debt	290.53Cr	439.87Cr	908.26Cr	940.26Cr	855.12Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.56Cr	1.62Cr	-4L	1.16Cr	2.92Cr
Net Debt	241.74Cr	401.62Cr	870.24Cr	896.08Cr	743.31Cr
Full Time Employees	-	-	1.81T	2.08T	2.21T
Accumulated Allowance for Doubtful Accounts (Supple)	1.52Cr	1.3Cr	58.4L	1.45Cr	87.8L

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	51Cr	38Cr	77Cr	103.61Cr	129.27Cr
Depreciation, Depletion & Amortization	10Cr	12Cr	17Cr	23Cr	23Cr
Amortization of Goodwill and Intangible Assets - (CF)	3.11Cr	3.73Cr	3.56Cr	-	-
Total Depreciation, Depletion & Amortization	13Cr	15Cr	20Cr	23Cr	23Cr
Amortization of Deferred Charges, Total	-	-	-	2.91Cr	3.42Cr
(Gain) Loss On Sale of Asset - (CF)	22.2L	12.1L	2L	9L	-5L
(Gain) Loss on Sale of Investments - (CF)	-6L	-56.9L	-2L	-33L	21.3L
Stock-Based Compensation (CF)	-	-	-	8.94Cr	6.14Cr
Provision and Write-off of Bad Debts	8.22Cr	-6L	1.08Cr	1.19Cr	65.1L
Change in Accounts Receivable	-6.24Cr	-62Cr	-44Cr	-7.34Cr	-78Cr
Change in Accounts Payable	98Cr	104.52Cr	342.91Cr	634.34Cr	2.96TCr
Change in Other Net Operating Assets (Collected)	-166Cr	-74Cr	-224.5Cr	-73Cr	-2.3TCr
Other Operating Activities	-15Cr	-6.24Cr	14Cr	-1.04Cr	-21Cr
Cash from Operations	-17Cr	15Cr	186.91Cr	691.81Cr	725.17Cr
Capital Expenditure	-10Cr	-8.94Cr	-13Cr	-16Cr	-13Cr
Sale of Property, Plant, and Equipment	93.8L	5.96Cr	7L	21.9L	49.6L
Purchase / Sale of Intangible Assets	-97.4L	-1.93Cr	-2.62Cr	-4.08Cr	-2.99Cr
Sale (Purchase) of Real Estate Properties (Collected)	-	-7.77Cr	-	7.56Cr	-
Investment in Marketable and Equity Securities, Total	-95Cr	-168.18Cr	-633.06Cr	-665.81Cr	-1.3TCr
Other Investing Activities, Total	26Cr	44Cr	49Cr	100.57Cr	168.22Cr
Cash from Investing	-79Cr	-136.66Cr	-599.25Cr	-577.42Cr	-1.15TCr
Long-Term Debt Issued, Total	89Cr	147.48Cr	456.25Cr	135.45Cr	-
Total Debt Issued	89Cr	147.48Cr	456.25Cr	135.45Cr	-
Long-Term Debt Repaid, Total	-	-	-	-109.12Cr	-75Cr
Total Debt Repaid	-	-	-	-109.12Cr	-75Cr
Issuance of Common Stock	50Cr	-	50Cr	-	745.18Cr
Other Financing Activities, Total	-27Cr	-39Cr	-88Cr	-138.63Cr	-208.62Cr
Cash from Financing	111.61Cr	108.1Cr	418.57Cr	-112.31Cr	462Cr
Net Change in Cash	16Cr	-13Cr	6.23Cr	2.09Cr	41Cr
Supplemental Items
Cash Interest Paid	27Cr	39Cr	88Cr	138.63Cr	173.09Cr
Cash Income Tax Paid (Refund)	14Cr	17Cr	22Cr	37Cr	47Cr
Net Debt Issued / Repaid	89Cr	147.48Cr	456.25Cr	26Cr	-75Cr

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	-	2.54	3.67	3.48	2.47
Return On Equity %	-	15.32	23.5	23.12	13.96
Return on Common Equity	-	15.32	23.5	23.12	13.96
Margin Analysis
Gross Profit Margin %	78.23	77.64	78.45	81.65	86.76
SG&A Margin	43.03	45.81	40.97	43.14	44.3
Income From Continuing Operations Margin %	13.09	8.81	13.03	14.68	17.04
Net Income Margin %	13.09	8.81	13.03	14.68	17.04
Net Avail. For Common Margin %	13.09	8.81	13.03	14.68	17.04
Normalized Net Income Margin	10.28	7.46	12.16	12.44	14.14
Asset Turnover
Asset Turnover	-	0.29	0.28	0.24	0.14
Short Term Liquidity
Current Ratio	1.28	1.31	1.67	1.23	1.24
Quick Ratio	0.52	0.53	0.63	0.39	0.29
Operating Cash Flow to Current Liabilities	-0.02	0.01	0.12	0.26	0.13
Long Term Solvency
Total Debt/Equity	127.76	165.84	231.31	186.65	63.43
Total Debt / Total Capital	56.09	62.38	69.82	65.11	38.81
LT Debt/Equity	33.29	53.5	165.01	30.54	3.57
Long-Term Debt / Total Capital	14.61	20.12	49.81	10.65	2.19
Total Liabilities / Total Assets	83.04	83.72	84.81	85.03	81.01
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	10.41	38.41	19.03	7.44
Gross Profit, 1 Yr. Growth %	-	9.58	39.86	23.88	14.17
Earnings From Cont. Operations, 1 Yr. Growth %	-	-25.7	104.77	34.05	24.77
Net Income, 1 Yr. Growth %	-	-25.7	104.77	34.05	24.77
Normalized Net Income, 1 Yr. Growth %	-	-19.9	125.82	21.7	22.11
Diluted EPS Before Extra, 1 Yr. Growth %	-	-37.8	94.44	23.41	4.19
Common Equity, 1 Yr. Growth %	-	16.64	48.04	28.29	167.61
Total Assets, 1 Yr. Growth %	-	21.5	58.71	30.17	110.98
Tangible Book Value, 1 Yr. Growth %	-	18.49	50.52	28.74	171.59
Cash From Operations, 1 Yr. Growth %	-	-190.9	1.13T	270.13	4.82
Capital Expenditures, 1 Yr. Growth %	-	-12.28	39.83	26.91	-19.82
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-64.29
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	23.62	28.36	13.09
Gross Profit, 2 Yr. CAGR %	-	-	23.79	31.63	18.93
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	23.35	65.68	29.33
Net Income, 2 Yr. CAGR %	-	-	23.35	65.68	29.33
Normalized Net Income, 2 Yr. CAGR %	-	-	34.49	65.78	21.91
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	9.98	54.91	13.39
Common Equity, 2 Yr. CAGR %	-	-	31.41	37.81	85.29
Total Assets, 2 Yr. CAGR %	-	-	38.86	43.73	65.72
Tangible Book Value, 2 Yr. CAGR %	-	-	33.55	39.21	86.99
Cash From Operations, 2 Yr. CAGR %	-	-	234.91	575.8	96.97
Capital Expenditures, 2 Yr. CAGR %	-	-	10.75	33.22	0.87
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	22.07	20.97
Gross Profit, 3 Yr. CAGR %	-	-	-	23.82	25.53
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	26.82	50.74
Net Income, 3 Yr. CAGR %	-	-	-	26.82	50.74
Normalized Net Income, 3 Yr. CAGR %	-	-	-	30.08	49.72
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	14.28	35.72
Common Equity, 3 Yr. CAGR %	-	-	-	30.36	71.94
Total Assets, 3 Yr. CAGR %	-	-	-	35.9	63.35
Tangible Book Value, 3 Yr. CAGR %	-	-	-	31.93	73.95
Cash From Operations, 3 Yr. CAGR %	-	-	-	246.26	263.1
Capital Expenditures, 3 Yr. CAGR %	-	-	-	15.9	12.47