As of 6 Nov 2026, B. N. Rathi Securities trades at 6.5× trailing earnings, below the industry P/E of 18.4×, and the shares are 21% below their 52-week high. Sales and net profit grew 9.6% and 7.6% a year over 3 years; its ROCE of 17% is the second-lowest among the 7 largest Capital Markets peers. It carries very little debt, and its dividend yield is 2.8%. It is a small-cap company with a market cap of ₹74 Cr, ranked 99th of 219 Capital Markets companies by market cap; the shares fell 7.0% over the past year.
- ₹17.54
- ₹17.99
- ₹17.41
- ₹17.61
- 38.4K
Health check
- ReturnsBehind
−7.0% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 6.5 vs industry 18.4.
- GrowthSlow
Sales +9.6%, profit +7.6% a year over 3 years.
- ProfitabilityAverage
ROCE 17.5% vs peer median 22.1%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹74 Cr
- Small cap
- P/E
- 6.5
- Industry 18.4
- Price to book
- 0.94
- Peers 4.53
- Dividend yield
- 2.82%
- ROE
- 12.6%
- Peers 18.9%
- ROCE
- 17.5%
- Peers 22.1%
- Debt to equity
- 0.00
- Debt ₹0.09 Cr
- EPS (TTM)
- ₹2.72
- OPM (TTM)
- 15.5%
- Net margin 15.7%
- Sales growth
- +30.4%
- Latest quarter vs a year ago
- Profit growth
- +78.3%
- Latest quarter vs a year ago
- Price to sales
- 1.09
Strengths and risks
Strengths
- Practically debt-free.
- Dividend yield of 2.82%.
- Quarterly profit up 78.3% on a year ago.
- Quarterly sales up 30.4% on a year ago.
- P/E of 6.5 against an industry P/E of 18.4.
About B. N. Rathi Securities
B. N. Rathi Securities Limited, together with its subsidiary, engages in the stock, currency, and commodity broking business in India. It provides margin trading facility, as well as depository services; and distributes mutual funds to its clients. The company was formerly known as Lark Leasing Limited and changed its name to B.N. Rathi Securities Limited in 1994. B. N. Rathi Securities Limited was incorporated in 1985 and is based in Hyderabad, India.
- Headquarters
- Hyderabad
- Employees
- 75
- Sector
- Financial Services
- ISIN
- INE710D01028
- Website
- bnrsecurities.com
Price range
- Avg volume (3M)
- 29K
- 1-year return
- minus 7.0%
- From 52-week high
- minus 21.0%
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 63.8% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.54% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.95% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 51.3% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 35.3% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| BNRSECB. N. Rathi Securities | 17.70 | plus 0.51% | 74 | 6.5 | 0.94 | 17.5% | 12.6% | 15.5% | 9.6% | 7.6% | 2.82% | minus 7.0% |
| Median of 7 peers | – | 0.08% | 30,290 | 27.6 | 4.53 | 22.1% | 18.9% | 51.3% | 28.2% | 22.2% | 0.54% | 4.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 9.1 | 9.8 | 11.6 | 11.2 | 11.9 | |
| 8.1 | 8.4 | 9.6 | 9.8 | 9.8 | |
| 1 | 1.4 | 2 | 1.5 | 2 | |
| 11.1% | 14.2% | 17.3% | 12.9% | 17.1% | |
| 1.9 | 2.2 | 2.4 | 2.5 | 2.3 | |
| 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | |
| 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | |
| 2.7 | 3.3 | 4 | 3.5 | 3.8 | |
| 45.9% | 28.0% | 25.1% | 26.0% | 32.5% | |
| 1.5 | 2.3 | 3 | 2.6 | 2.6 | |
| 0.35 | 0.75 | 0.72 | 0.63 | 0.62 |
Profit & loss
- Sales CAGR 3Y
- +9.6%
- Profit CAGR 3Y
- +7.6%
- EPS CAGR 3Y
- −0.1%
- ROE
- 12.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 32 | 37 | 36.6 | 42.1 | |
| – | +15.6% | minus 0.9% | +15.0% | |
| 25.4 | 31.5 | 33.2 | 36.1 | |
| 6.6 | 5.4 | 3.4 | 6 | |
| 20.6% | 14.7% | 9.3% | 14.3% | |
| 6.2 | 9.4 | 10 | 8.6 | |
| 1.7 | 0.8 | 0.6 | 0.4 | |
| 0.4 | 0.4 | 0.7 | 0.5 | |
| −0.4 | 0.6 | 0.4 | −0.2 | |
| 10.4 | 14.2 | 12.7 | 13.5 | |
| 27.0% | 25.6% | 25.9% | 30.2% | |
| 7.6 | 10.5 | 9.5 | 9.4 | |
| – | +39.0% | minus 10.2% | minus 0.3% | |
| 2.25 | 2.88 | 2.27 | 2.25 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.4 | 10.3 | 20.8 | 20.9 | |
| 35.5 | 52.7 | 50.2 | 58 | |
| – | 0.2 | 0.2 | 0.1 | |
| 112 | 140 | 113 | 127 | |
| 156 | 204 | 184 | 206 | |
| 3.4 | 3.7 | 3.8 | 3.4 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.5 | 101 | 76.1 | 56.7 | |
| 138 | 42.6 | 59.3 | 87.3 | |
| 14.1 | 56.5 | 44.5 | 58.8 | |
| 156 | 204 | 184 | 206 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −5.1 | 4.1 | −22.6 | 10.5 | |
| 4.7 | 3.1 | 39.7 | 27 | |
| 2.4 | 7.6 | −2 | −2.7 | |
| 2 | 14.8 | 15.1 | 34.8 | |
| −0.2 | −0.5 | −0.5 | −0.1 | |
| −5.3 | 3.6 | −23.2 | 10.4 | |
| −0.8 | −1.3 | −1.5 | −2.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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