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B.N. Rathi Securities Limited

B.N. Rathi Securities Limited

BBSE:BNRSEC
16.94
INR
-0.50
(-2.87%)
2.69EPS
5.89P/E
663.75MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
6.1
7.9
10.65
7.94
8.2
7.77
7.12
11.62
13.55
9.52
10.09
8.89
10.13
11.37
Basic EPS, GAAP
0.44
0.9
1.26
0.97
1.04
0.47
0.65
1.8
2.2
2.26
2.88
2.3
2.27
2.7
Free Cash Flow per Basic Share
1.43
2.97
-1.4
-0.82
2.45
-1.61
5.1
15.19
17.83
-1.59
0.98
-5.63
2.49
- -
Dividend per Share
0.15
0.16
0.24
0.19
0.23
0.28
0.46
- -
0.27
0.25
0.34
0.37
0.5
- -
Book Value per Share
5.61
6.3
6.21
6.99
7.78
8
8.08
9.49
10.91
13.06
15.36
17.09
18.9
- -
Tangible Book Value per Share
5.58
6.3
6.21
6.98
7.78
7.98
8.08
9.47
10.87
13.05
15.33
17.08
18.88
- -
Basic Weighted Avg Shares
17
19
16
26
26
26
26
20
23
34
37
41
42
39
Sales/Revenue/Turnover
104
146
166
208
214
203
186
234
308
320
370
366
421
445
Operating Margin (%)
-4.14
6.2
6.77
8.53
9.41
3.25
0.41
11.55
10.81
19.48
13.6
7.56
13.07
14.03
Depreciation Expense
2
5
5
3
2
1
2
2
3
4
4
7
5
6
Net Income, GAAP
8
17
20
25
27
12
17
36
50
76
105
95
94
106
Effective Tax Rate (%)
29.36
30.2
38.16
34.55
28.65
36.18
25.59
31.63
25.39
26.99
25.56
25.86
30.18
27.87
Profit Margin (%)
7.27
11.39
11.81
12.2
12.68
6.08
9.14
15.52
16.25
23.69
28.49
25.83
22.39
23.75
Working Capital
69
63
127
157
173
187
189
218
325
370
-610
-285
-33
- -
LT Debt
1
- -
2
- -
- -
- -
- -
17
16
- -
1
1
- -
- -
Total Equity
95
107
162
183
204
209
211
248
367
439
630
711
790
- -
Return on Invested Capital (%)
4.01
5.26
2.69
6.62
7.44
2.05
0.27
6.99
7.09
10.62
6.93
3.07
5.12
- -
Return on Capital (%)
8.98
17.89
16.37
15.42
14.85
6.71
9.54
15.29
16.5
21.37
20.8
14.85
12.93
- -
Return on Common Equity (%)
8.08
16.45
14.51
14.68
14.07
5.99
8.09
15.82
16.29
18.82
19.71
14.13
12.59
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
42
Market Capitalization
696
472
664

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,236
- -
Cash, Cash Equivalents & STI
- -
873
- -
Accounts Receivable, Net
- -
198
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
1,269
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.01%
26.98%
11.17%
Free Cash Flow
-199.52%
-228.24%
-144.69%
Net Income, GAAP
25.12%
23.51%
-0.3%
Sales/Revenue/Turnover
10.58%
13%
15.03%
Total Cash Common Dividend
- -
- -
34.96%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
97
107
90
70
366
2026
91
98
116
112
421
2027
119
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.84
0.97
0.37
0.09
2.3
2026
0.35
0.75
0.72
0.63
2.27
2027
0.62
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.37
2026
- -
- -
- -
- -
0.5
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Rakesh Kumar Agarwal
Full Time Employees
85
Sector
Finance
Industry
Investment banks/Brokers
Address
6-3-652, Kautilya Amrutha Estates Hyderabad TS India 500082
IPO Date
Apr 24, 2007
Website
bnrsecurities.com
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Business
B.N. Rathi Securities Ltd is an India-based public listed stock broking firm providing integrated financial services encompassing the full spectrum of financial market transactions, including equity trading on NSE and BSE, derivatives and F&O, commodities trading in gold, oil and other assets, currency derivatives, exchange traded funds, mutual funds including SIPs, IPOs, pre-IPO investments, SME market making on NSE and BSE, portfolio management services with SEBI registration INP000009135, SEBI-registered category III alternative investment fund B-Fly India Alternative Investment Trust offering B-Fly India Opportunities Fund through subsidiary B-Fly Asset Manager LLP, depository participant services with CDSL managing over 60,000 accounts, investment advisory, research and analysis, algo trading, web trading via BNR Prime Trade platform, and mobile trading app; the company serves a diversified retail and institutional clientele across India with over 40,000 clients and operates nationwide as one of the top CDSL participants in South India. Incorporated in 1985 as Lark Leasing Limited and renamed B.N. Rathi Securities Ltd in 1994, the company is headquartered in Hyderabad, Telangana, and is led by Managing Director H.N. Rathi, Whole-Time Director and CFO Chetan Rathi, with board members including Chairman Lakshminiwas Sharma; it maintains registrations with entities such as Life Insurance Corporation of India Ltd, UTI, Bank of India, and Bank of Maharashtra for secondary market operations, and has paid dividends continuously for over 15 years backed by robust technology infrastructure including real-time data, advanced charting, and quick online e-KYC. Recent developments include the launch of its first category III AIF, B-Fly India Opportunities Fund, the announcement of a 1:2 stock split and 1:1 bonus issue with record date in January 2025 driving shares to all-time highs, execution of an agreement with PCS Securities Limited for transfer of beneficial owner demat accounts, board changes under SEBI LODR regulations, and strong financial performance with standalone net profit rising 55% in the June 2024 quarter and net sales up 29% year-over-year, alongside a recommended dividend of Rs 1.50 per share.