ANAND RATHI SHARE AND STOCK BROKERS LIMITED

Cash flow Anand Rathi Share and Stock Brokers Limited

Stocks

ARSSBL

INE549H01021

Investment Banking & Brokerage Services

Market Closed - NSE India S.E. 08:23:44 2026-09-25 EDT			5-day change	1st Jan Change
496.90 ^INR	-0.11%		-1.03%	-21.14%

09-20	Anand Rathi Share and Stock Brokers Limited(BSE:544530) added to S&P Global BMI Index	CI
09-02	Anand Rathi Share and Stock Brokers Limited, Q1 2027 Earnings Call, Jul 15, 2026

19f503349701f2cb2eb0b6c6.V5BKOqT-wiUi-W2iix70RfsGPDCloaUWjZ9IWwWR-Fo.Dt8BC-WShmlBll_Yz1KSBpgwXmHo-ZZgzKodazPGmywg2R5R65mrYU2yIA

Published financial data: ANAND RATHI SHARE AND STOCK BROKERS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Interest and Dividend Income, Total	930M	1.31B	2.15B	3.21B	4.15B
Interest Expense, Total	271M	394M	877M	1.39B	1.73B
Net Interest Income	659M	918M	1.27B	1.83B	2.42B
Brokerage Commission	3.3B	3.36B	4.67B	5.24B	5.17B
Gain (Loss) on Sale of Investments, Total (Rev)	650K	5.69M	190K	3.3M	-2.13M
Revenues Before Provison For Loan Losses	3.96B	4.28B	5.94B	7.07B	7.59B
Provision For Loan Losses	82.15M	-	10.8M	11.89M	6.51M
Total Revenues	3.88B	4.28B	5.93B	7.06B	7.58B
Salaries And Other Employee Benefits	1.44B	1.69B	2.15B	2.73B	3.03B
Cost of Services Provided, Total	1.07B	1.23B	1.56B	1.62B	1.33B
Depreciation & Amortization - (IS) - (Collected)	131M	155M	201M	255M	261M
Other Operating Expenses	600M	705M	878M	1.07B	1.26B
Total Operating Expenses	3.25B	3.78B	4.79B	5.66B	5.89B
Operating Income	635M	504M	1.14B	1.39B	1.7B
Other Non Operating Income (Expenses)	3.5M	7.48M	11.33M	9.77M	17.72M
EBT, Excl. Unusual Items	638M	511M	1.15B	1.4B	1.72B
Gain (Loss) on Sale of Assets	-2.22M	-1.21M	-200K	-860K	490K
EBT, Incl. Unusual Items	636M	510M	1.15B	1.4B	1.72B
Income Tax Expense	128M	132M	381M	368M	423M
Earnings From Continuing Operations	508M	377M	773M	1.04B	1.29B
Net Income to Company	508M	377M	773M	1.04B	1.29B
Net Income - (IS)	508M	377M	773M	1.04B	1.29B
Net Income to Common Incl Extra Items	508M	377M	773M	1.04B	1.29B
Net Income to Common Excl. Extra Items	508M	377M	773M	1.04B	1.29B
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	33.76M	40.32M	40.62M	44.36M	53.63M
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	33.76M	40.32M	42.48M	46.13M	55.24M
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)	4.24B	4.69B	6.83B	8.47B	9.34B
Effective Tax Rate - (Ratio)	20.11	25.98	33.02	26.19	24.65
Current Domestic Taxes	147M	136M	295M	363M	421M
Total Current Taxes	147M	136M	295M	363M	421M
Deferred Domestic Taxes	-18.67M	-3.45M	86.53M	4.25M	2.38M
Total Deferred Taxes	-18.67M	-3.45M	86.53M	4.25M	2.38M
Normalized Net Income	399M	319M	721M	878M	1.07B
Non-Cash Pension Expense	-180K	920K	860K	-400K	400K
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	-	-	-	89.36M	61.37M
Total Stock-Based Compensation	-	-	-	89.36M	61.37M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	423M	292M	355M	377M	790M
Accounts Receivable, Total	1.41B	2.04B	2.47B	2.53B	3.14B
Other Receivables	3.27B	3.94B	6.56B	7.41B	12.04B
Gross Property Plant And Equipment	622M	699M	1.05B	1.25B	1.27B
Accumulated Depreciation	-237M	-322M	-485M	-523M	-601M
Net Property Plant And Equipment	385M	376M	565M	728M	666M
Other Intangibles, Total	130M	112M	102M	114M	110M
Trading Asset Securities, Total	65.16M	90.91M	25.43M	64.98M	328M
Other Current Assets, Total	7.64B	9.29B	15.7B	22.38B	53.93B
Deferred Tax Assets Long-Term (Collected)	73.03M	76.48M	-	-	-
Deferred Charges Long-Term	-	-	-	44.84M	-
Other Long-Term Assets, Total	-	77.44M	76.21M	-	-
Total Assets	13.41B	16.29B	25.85B	33.65B	70.99B
Liabilities
Accounts Payable, Total	7.74B	8.79B	12.22B	18.56B	47.83B
Accrued Expenses, Total	112M	140M	175M	140M	612M
Short-Term Borrowings	2.04B	1.92B	403M	3.44B	1.56B
Current Portion of Long-Term Debt	106M	1.06B	2.2B	4.26B	6.41B
Current Portion of Leases	-	-	-	168M	108M
Long-Term Debt	607M	1.25B	6.19B	1.36B	348M
Long-Term Leases	150M	169M	290M	179M	133M
Current Income Taxes Payable	-	-	18.75M	8.4M	-
Pension & Other Post Retirement Benefits	280M	216M	335M	401M	407M
Deferred Tax Liability Non-Current	-	-	10.05M	14.29M	16.68M
Other Non Current Liabilities	91.53M	93.21M	86.32M	85.84M	93.35M
Total Liabilities	11.13B	13.64B	21.92B	28.61B	57.51B
Common Stock, Total	134M	202M	222M	222M	314M
Additional Paid In Capital	1.25B	1.25B	1.73B	1.73B	8.77B
Retained Earnings	895M	1.08B	1.73B	2.88B	4.25B
Comprehensive Income and Other	-4.11M	120M	250M	210M	143M
Total Common Equity	2.27B	2.65B	3.93B	5.04B	13.48B
Total Equity	2.27B	2.65B	3.93B	5.04B	13.48B
Total Liabilities And Equity	13.41B	16.29B	25.85B	33.65B	70.99B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	33.76M	40.32M	44.36M	44.36M	62.73M
ECS Total Common Shares Outstanding	33.76M	40.32M	44.36M	44.36M	62.73M
Book Value / Share	67.36	65.78	88.53	113.57	214.93
Tangible Book Value	2.14B	2.54B	3.82B	4.92B	13.37B
Tangible Book Value Per Share	63.52	63.01	86.22	111	213.18
Total Debt	2.91B	4.4B	9.08B	9.4B	8.55B
Debt Equivalent of Unfunded Proj. Benefit Obligation	15.55M	16.24M	-370K	11.59M	29.24M
Net Debt	2.42B	4.02B	8.7B	8.96B	7.43B
Full Time Employees	-	-	1.81K	2.08K	2.21K
Accumulated Allowance for Doubtful Accounts (Supple)	15.2M	12.95M	5.84M	14.49M	8.78M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	508M	377M	773M	1.04B	1.29B
Depreciation, Depletion & Amortization	100M	118M	166M	226M	227M
Amortization of Goodwill and Intangible Assets - (CF)	31.14M	37.32M	35.6M	-	-
Total Depreciation, Depletion & Amortization	131M	155M	201M	226M	227M
Amortization of Deferred Charges, Total	-	-	-	29.08M	34.18M
(Gain) Loss On Sale of Asset - (CF)	2.22M	1.21M	200K	860K	-490K
(Gain) Loss on Sale of Investments - (CF)	-650K	-5.69M	-190K	-3.3M	2.13M
Stock-Based Compensation (CF)	-	-	-	89.36M	61.37M
Provision and Write-off of Bad Debts	82.15M	-620K	10.8M	11.89M	6.51M
Change in Accounts Receivable	-62.41M	-623M	-443M	-73.39M	-776M
Change in Accounts Payable	982M	1.05B	3.43B	6.34B	29.58B
Change in Other Net Operating Assets (Collected)	-1.66B	-736M	-2.25B	-731M	-22.96B
Other Operating Activities	-150M	-62.36M	143M	-10.45M	-215M
Cash from Operations	-167M	151M	1.87B	6.92B	7.25B
Capital Expenditure	-102M	-89.42M	-125M	-159M	-127M
Sale of Property, Plant, and Equipment	9.38M	59.65M	660K	2.19M	4.96M
Purchase / Sale of Intangible Assets	-9.74M	-19.33M	-26.2M	-40.82M	-29.87M
Sale (Purchase) of Real Estate Properties (Collected)	-	-77.74M	-	75.59M	-
Investment in Marketable and Equity Securities, Total	-948M	-1.68B	-6.33B	-6.66B	-12.99B
Other Investing Activities, Total	261M	442M	489M	1.01B	1.68B
Cash from Investing	-789M	-1.37B	-5.99B	-5.77B	-11.46B
Long-Term Debt Issued, Total	888M	1.47B	4.56B	1.35B	-
Total Debt Issued	888M	1.47B	4.56B	1.35B	-
Long-Term Debt Repaid, Total	-	-	-	-1.09B	-746M
Total Debt Repaid	-	-	-	-1.09B	-746M
Issuance of Common Stock	499M	-	500M	-	7.45B
Other Financing Activities, Total	-271M	-394M	-877M	-1.39B	-2.09B
Cash from Financing	1.12B	1.08B	4.19B	-1.12B	4.62B
Net Change in Cash	160M	-134M	62.31M	20.86M	408M
Supplemental Items
Cash Interest Paid	271M	394M	877M	1.39B	1.73B
Cash Income Tax Paid (Refund)	141M	168M	217M	369M	467M
Net Debt Issued / Repaid	888M	1.47B	4.56B	263M	-746M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
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	1.13K	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