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BN Rathi Securities Ltd (523019)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523019 NSE: Finance - Stock Broking | Small Cap | BN Rathi Securities Share Price

₹16.58 -0.06 (-0.36%)

As on 24-Jun'26 16:59

BN Rathi Securities Ltd (523019)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523019 NSE: Finance - Stock Broking | Small Cap | BN Rathi Securities Share Price

₹16.58 -0.06 (-0.36%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹69 Cr.
Current Price
₹16.6
52-Week Low / High
₹11 / 25
TTM EPS
₹2.5
TTM Sales
₹41.7 Cr.
Book Value per Share
₹18.1
P/E Ratio
6.77
Lower than its 5-year historical median
Industry PE
50
Price to Book (P/B)
0.91
Lower than its 5-year historical median
Price to Sales (P/S)
1.66
In line with its 5-year historical median
EV/EBITDA
-0.84
Higher than its 5-year historical median
Dividend Yield
3.02%
Profitability Efficiency
Return on Equity (ROE)
15.48%
Outperforms industry median
Return on Capital Employed (ROCE)
22.40%
Outperforms industry median
Return on Assets (ROA)
5.02%
Operating Profit Margin
9.4%
Net Profit Margin
20.33%
Gross Profit Margin
29%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.74%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-21.18%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-4.63%
Asset Quality
Promoter Holding
46.76%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹55 Cr.
Equity
₹20.9 Cr.
Face Value
₹5
All Time Low / High
₹0.01 / 72.75

BN Rathi Securities stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is BN Rathi Securities Ltd a good quality company?
BN Rathi Securities Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does BN Rathi Securities Ltd performance compare with that of its Peers?
Q.1 Revenue growth of BN Rathi Securities Ltd vs industry peers?
BN Rathi Securities Ltd revenue CAGR is 15.68%, compared to the industry median CAGR of 16.32%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of BN Rathi Securities Ltd?
Promoters hold 46.76% of the BN Rathi Securities Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of BN Rathi Securities Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
BN Rathi Securities Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 20.7%21.6%19.3%11.8%15.9%24.9%23.7%32.4%29.8%22.4%-
Value Creation
Index
0.50.50.4-0.20.10.80.71.31.10.6-

Growth Parameters

Sales 14.519.422.220.92329.13840.346.347.642
Sales YoY Gr.-34.1%14.5%-6%10.2%26.5%30.6%6.2%15%2.7%-
Adj EPS 0.50.70.80.40.71.31.42.22.52.32.5
YoY Gr.-51%6.8%-44.3%52.3%97%5.3%59.7%11.3%-5.7%-
BVPS (₹) 5.46.16.66.86.98.39.911.914.31618.1
Adj Net
Profit
1.31.92.11.21.83.54.77.510.29.710
Cash Flow from Ops. 0.4-4.37.8-3.217.233.840.9-4.44.5-21.5-
Debt/CF from Ops. 0.7-00-000.20000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 14.2%15.7%7.9%2.7%
Adj EPS 18.9%28.3%18.8%-5.7%
BVPS13%18.3%17.6%12.2%
Share Price 17.4% 19.6% 19% -30.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
10.812.912.56.69.717.417.120.520.615.514.3
Op. Profit
Mgn %
5.88.78.52.52.39.78.916.212.89.414.9
Net Profit
Mgn %
8.8109.45.67.611.912.318.521.920.324.5
Debt to
Equity
000000.30.10000
Working Cap
Days
4104224384993973382472148051,154607
Cash Conv.
Cycle
-424-338-367-452-488-800-963-1,134-4548481

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income + 16.3321.2823.9222.7525.5332.3142.3746.4655.8257.90
Interest Income14.4519.3822.1920.8522.9829.0737.9540.3146.3447.61
Other Income 0.040.020.200.200.030.060.100.060.620.32
Exceptional Items 1.881.901.731.892.553.254.426.159.4910.29
Expenditure + 14.6918.2920.9821.0723.2027.2536.1136.0142.2144.70
Interest Expense 0.640.290.290.410.530.721.241.871.040.86
Operating Expenses 14.0117.9820.4920.4622.6426.4634.7834.0840.5443.52
Provisions 0.040.020.200.200.030.060.100.060.620.32
Exceptional Items 0.30000000-0.2500
Profit Before Tax 1.942.992.931.672.335.076.2610.2013.6213.20
Taxes 0.671.050.860.510.591.611.592.733.473.52
Profit After Tax 1.271.942.071.161.753.454.677.4710.159.68
Adjusted EPS (₹)0.50.70.80.40.71.31.42.22.52.3
Dividend Payout Ratio (%)31.70%26.10%29.20%43.50%28.90%17.50%18%16.90%15.20%21.40%

Valuation of BN Rathi Securities - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital +1415.9217.3517.8418.1121.6133.1139.8158.5366.99
Share Capital 5.045.045.045.045.045.048.408.4010.2520.75
Reserves 8.9610.8812.3112.8013.0716.5724.7131.4148.2846.24
Short term borrowings00.130.04005.120000
Long Term Borrowings0.100-0.01-0.010.281.951.840.20-0.02-0.09
Current Liabilities 22.9025.2932.8432.6940.3992110.10114.34144.44115.72
Trade Payables21.3923.1230.7831.0738.4184.29107.56110.692.342.24
Other Liabilities-21.39-23.26-30.82-31.08-38.41-89.42-107.56-110.69-2.34-2.24
Total Liabilities 3741.2150.1850.5258.78115.56145.05154.35202.96182.63

Assets

Non Current Asset +4.493.443.4833.146.056.926.19124.3699.14
Loan Asset 0000000000
Other Non Current Asset 4.493.443.4833.146.056.926.19124.3699.14
Current Asset +32.5137.7746.7047.5255.64109.51138.14148.1678.6183.49
Current Investment00.090.900.070.070.070.070.076.140.02
Other Current Asset32.5137.6845.7947.4555.57109.44138.07148.0972.4683.46
Total Assets 3741.2150.1850.5258.78115.56145.05154.35202.96182.63

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 0.37-4.337.80-3.2217.2133.8040.88-4.394.45-21.47
Cash Flow From Investing Activity 1.07-0.121.892.652.440.273.786.462.8238.56
Cash Flow From Financing Activity 5.80-0.89-1.02-7.86-11.91-43.83-22.632.427.57-2.15
Net Cash Flow 7.25-5.348.67-8.437.75-9.7622.034.4914.8414.94

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios

EPS (₹)2.503.804.102.303.506.905.608.909.902.30
DPS (₹)0.8011.20111.2011.501.500.50
BVPS (₹)27.831.634.435.435.942.939.447.457.116

Performance Ratios

ROA (%)3.95.04.52.33.24.03.65.05.75.0
ROE (%)10.812.912.56.69.717.417.120.520.615.5
ROCE (%)20.721.619.311.815.924.923.732.429.822.4

Valuation Parameters

Price/Book(x)0.60.81.10.70.30.60.90.71.81.7

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

BN Rathi Securities Ltd FAQs

The current trading price of BN Rathi Securities on 24-Jun-2026 16:59 is ₹16.58.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of BN Rathi Securities stood at ₹69.22 Cr

The latest P/E ratio of BN Rathi Securities as of 23-Jun-2026 is 6.77.

The latest P/B ratio of BN Rathi Securities as of 23-Jun-2026 is 0.91.

The 52-week high of BN Rathi Securities is ₹24.88 and the 52-week low is ₹10.81.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BN Rathi Securities is ₹41.74 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that BN Rathi Securities Ltd is a good quality company.

The key valuation ratios of BN Rathi Securities Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of BN Rathi Securities Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About BN Rathi Securities Ltd

B.N.Rathi Securities is a public listed stock broking firm providing integrated type of services, encompassing the entire spectrum of activities relating to the Financial Market Transactions. The company has been promoted by the Rathi family and is engaged in all spheres of Stock Broking, which enables the company to cater to a full range of requirements of a growing and diversified retail and institutional clientele.

B. N. Rathi Securities offers a full range of investment services and capital market financial services focused on growth companies. In-depth technical expertise, commitment to excellence, high ethical standards and a focused approach has been the cornerstone of consistent track record of delivering significant benefits to clients.

BNR Group has been into the financial markets for over five decades and this vast experience is put to use for providing the best services in today’s complex financial markets. their pedigree lineage, through our parent BNR Group enables us with the expertise to offer the following range of services.

Well-researched and comprehensive stock broking services on NSE, BSE and HSE. Operations managed by experienced professionals:-

  • Access to extensive research
  • An independent Tele-communication network linking major clients

As a depository participant with Central Depository Services Limited, it has more than 2000 accounts. With an adequate infrastructure, quality manpower, growing clientele and a sound professional reputation BNRSL is poised to capitalize on the existing and emerging opportunities as and when they rise.

BNRSL’s well diversified clientele represent a wide gamut of the investors community, which stand as testimony towards our commitment for providing prompt, reliable and innovative services to their clients and has encouraged us to redouble our efforts towards servicing their clients, through operational strategies, in an increasingly complex financial arena.

They are registered with Life Insurance Corporation of India Ltd. and UTI Bank Ltd. for their secondary market operations.

BNRSL has always been a technology driven company and a strong technology focus has ensured that the company is equipped with sophisticated ultra modern information technology. They have net work communication system and connected to all branches/sub-brokers with the latest technology of HCL VSATs, which has emerged as the company’s forte and enabled us to give the best services to its valuable clientele.

Services offered by the company:

  • Equity
  • IPO section 
  • Mutual Funds
  • Depository Services
  • Derivative Instruments
  • Futures and Options
  • Research
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