B N Rathi Securities Ltd

B N Rathi Sec. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

B N Rathi Securities Ltd

₹ 228 -1.87%
15 Jan 10:02 a.m.
bnrsecurities.com BSE: 523019
About

Incorporated in 1985, B.N.Rathi Securities
Ltd is in the business of broking in securities
and also deals in depository operations and institutional equities[1]

Key Points

Business Overview:[1]
Company offers Trading and Investment Opportunities across multiple market and segments like Equity, F&O, IPOs, Currency and Mutual Funds to Investors through their offices across the country. It is registered with Life Insurance Corporation of India Ltd, UTI, Bank of India and Bank of Maharashtra for their secondary market operations

Website BSE
  • Market Cap ₹ 237 Cr.
  • Current Price ₹ 228
  • High / Low ₹ 291 / 86.6
  • Stock P/E 18.8
  • Book Value ₹ 67.3
  • Dividend Yield 0.31 %
  • ROCE 28.5 %
  • ROE 19.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 53.5% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -0.57%
  • Earnings include an other income of Rs.11.0 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Stock/ Commodity Brokers Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
9.51 9.71 10.41 10.05 10.01 10.28 10.19 10.38 12.19 11.68 13.55 13.63 14.37
8.36 8.75 9.81 8.64 8.06 8.50 8.74 9.06 10.02 10.01 12.78 11.49 11.62
Operating Profit 1.15 0.96 0.60 1.41 1.95 1.78 1.45 1.32 2.17 1.67 0.77 2.14 2.75
OPM % 12.09% 9.89% 5.76% 14.03% 19.48% 17.32% 14.23% 12.72% 17.80% 14.30% 5.68% 15.70% 19.14%
0.96 1.28 1.38 1.33 1.55 1.66 1.49 2.04 2.37 2.57 2.68 2.86 2.89
Interest 0.26 0.34 0.41 0.45 0.56 0.48 0.38 0.32 0.23 0.29 0.20 0.28 0.21
Depreciation 0.08 0.09 0.09 0.09 0.09 0.10 0.09 0.08 0.08 0.11 0.12 0.16 0.17
Profit before tax 1.77 1.81 1.48 2.20 2.85 2.86 2.47 2.96 4.23 3.84 3.13 4.56 5.26
Tax % 24.29% 24.86% 27.03% 25.00% 24.21% 24.83% 34.82% 25.34% 25.30% 25.26% 26.84% 23.68% 24.33%
1.33 1.35 1.09 1.66 2.16 2.15 1.61 2.21 3.16 2.87 2.30 3.49 3.98
EPS in Rs 1.58 1.61 1.30 1.98 2.57 2.56 1.92 2.63 3.76 2.80 2.24 3.51 3.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
10 12 19 23 29 30 28 26 33 43 47 57 53
8 10 16 19 24 25 26 23 27 35 34 42 46
Operating Profit 1 1 3 4 5 4 2 3 6 8 13 16 7
OPM % 14% 11% 17% 17% 16% 15% 9% 12% 19% 19% 27% 27% 14%
0 0 0 0 0 0 0 0 0 0 -0 -0 11
Interest 0 0 0 1 0 0 0 1 1 1 2 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 1
Profit before tax 1 1 2 3 4 4 2 2 5 7 10 14 17
Tax % 30% 30% 30% 34% 35% 29% 36% 25% 32% 25% 27% 26%
1 1 2 2 3 3 1 2 4 5 8 11 13
EPS in Rs 0.89 0.89 1.99 2.33 3.01 3.24 1.48 2.02 4.33 5.96 9.02 10.27 12.41
Dividend Payout % 34% 40% 23% 21% 20% 22% 41% 30% 17% 17% 17% 15%
Compounded Sales Growth
10 Years: 17%
5 Years: 15%
3 Years: 20%
TTM: 24%
Compounded Profit Growth
10 Years: 30%
5 Years: 53%
3 Years: 43%
TTM: 36%
Stock Price CAGR
10 Years: 28%
5 Years: 74%
3 Years: 88%
1 Year: 129%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 19%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 3 5 5 5 5 5 5 8 8 10 10
Reserves 7 7 8 11 13 15 16 16 20 28 35 53 59
1 0 1 0 0 0 0 0 7 2 0 0 0
13 20 26 33 35 41 41 40 86 110 112 142 182
Total Liabilities 23 29 38 49 54 62 62 61 118 148 156 205 251
1 1 0 1 0 0 0 0 3 3 3 4 4
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 1 1 0 2 1 2 4 11 10
22 29 37 48 52 60 61 60 113 143 149 191 237
Total Assets 23 29 38 49 54 62 62 61 118 148 156 205 251

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 3 6 -1 -2 7 -4 13 34 41 -5 5
2 1 2 1 0 3 -7 -3 -44 -23 5 2
-0 -4 0 7 -1 -1 -1 -2 1 6 2 15
Net Cash Flow 1 -0 8 7 -3 9 -12 8 -10 25 2 22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 100 200 117 140 167 137 147 59 98 89 61 77
Inventory Days
Days Payable
Cash Conversion Cycle 100 200 117 140 167 137 147 59 98 89 61 77
Working Capital Days -212 -68 -180 -158 -75 -140 -93 -293 -588 -792 -674 -557
ROCE % 15% 13% 26% 24% 24% 21% 11% 14% 23% 23% 30% 29%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
58.10% 58.10% 58.10% 58.10% 58.10% 58.10% 58.10% 47.61% 47.61% 47.61% 47.61% 47.04%
41.90% 41.90% 41.91% 41.91% 41.90% 41.90% 41.90% 52.39% 52.40% 52.39% 52.39% 52.97%
No. of Shareholders 4,9225,0895,0305,1355,1905,3795,1985,7165,7566,7387,01313,402

Documents

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