Finance - Stock Broking · Founded 1962 · www.algoquantfintech.com · BSE 505725 · NSE ALGOQUANT · ISIN INE598D01035
No Notes Added Yet
Business
Algoquant Fintech Ltd. operates as a financial services company in India, primarily engaged in stock broking. Its core business model revolves around providing execution and related services for various financial instruments. This includes broking services for equities, derivatives (futures and options), commodities, and potentially currency segments. The company generates revenue primarily through brokerage commissions and transaction fees charged to clients on their trades. It may also derive income from depository participant services, margin funding, and other ancillary financial services. Given the "Fintech" in its name, it likely emphasizes technology-driven platforms and digital solutions for client acquisition and trading.
Revenue Mix
While specific revenue breakdowns are not publicly detailed here, based on typical stock broking operations, Algoquant Fintech Ltd.'s primary segments would include:
Equity Broking: Commissions from trades in the cash equity segment.
Derivative Broking: Commissions from trading in equity, commodity, and currency futures and options.
Depository Services: Fees for dematerialization, rematerialization, and holding securities in electronic form.
Ancillary Services: Potentially includes margin trading facility interest, investment advisory, or distribution of other financial products.
The mix is typically dominated by broking commissions, particularly from the more active derivative segments for many Indian brokers.
Industry
The Indian stock broking industry is highly competitive, characterized by a mix of large institutional brokers (bank-backed and standalone), discount brokers, and smaller regional players. The industry has seen significant disruption from technology and the rise of discount brokers, leading to intense price competition and a focus on digital user experience. Algoquant Fintech Ltd. positions itself as a fintech-enabled broker, likely targeting retail investors and potentially High Net-worth Individuals (HNIs) seeking efficient, technology-driven trading platforms. It competes with established players like Zerodha, Angel One, Upstox, ICICI Securities, HDFC Securities, and numerous others by aiming to offer a blend of competitive pricing, technology, and customer service.
MOAT
Algoquant Fintech Ltd., like many smaller to mid-sized brokers, faces challenges in establishing durable competitive advantages.
Limited Moats: The stock broking industry is increasingly commoditized, especially at the execution level, making strong moats difficult. Brand loyalty can be fleeting in the face of better pricing or features.
Potential Strengths: Any competitive edge is likely to stem from a combination of:
Technology & User Experience: A superior, stable, and user-friendly trading platform.
Niche Focus: Serving a specific client segment (e.g., active traders, specific geographies) with tailored services.
Cost Efficiency: A lean operational model enabling competitive brokerage rates.
Customer Service: High-quality, responsive support that builds trust and retention.
However, these are often operational efficiencies or service quality differentiators rather than robust, long-term moats like network effects or significant switching costs that typically characterize market leaders.
Growth Drivers
Increasing Financial Literacy & Participation: A growing young, tech-savvy population and rising awareness about capital markets are driving new client additions.
Digitalization of Financial Services: Increased penetration of smartphones and internet access facilitates easy access to trading platforms, especially in tier-2 and tier-3 cities.
Economic Growth & Disposable Income: A growing economy translates to higher savings and investments in financial assets.
Government Initiatives: Policy support and regulatory reforms by SEBI aimed at deepening capital market penetration.
Product Diversification: Ability to cross-sell mutual funds, insurance, and other wealth management products to its client base.
Risks
Intense Competition & Fee Compression: The presence of large discount brokers and aggressive pricing strategies can squeeze brokerage margins.
Market Volatility & Downturns: Revenue is highly dependent on capital market performance and client trading volumes. A prolonged bear market can significantly impact profitability.
Regulatory Changes: SEBI's evolving regulations concerning margin requirements, KYC norms, disclosure, and data security can necessitate significant operational and technological adjustments.
Technology & Cybersecurity Risks: Reliance on digital platforms makes the company vulnerable to cyberattacks, data breaches, and system outages, which can erode client trust.
Operational Risks: Client acquisition costs, managing credit risk from margin funding, and maintaining robust back-office operations.
Management & Ownership
Algoquant Fintech Ltd. is likely a promoter-driven company, common in the Indian financial sector. Ownership structure would typically involve a significant stake held by the promoters and their families, with the remaining shares held by public shareholders. Management is expected to have experience in the financial markets and broking industry. The quality of management would be characterized by their strategic vision, ability to navigate regulatory changes, implement technology, and foster client relationships in a competitive landscape. Specific details on individual management team members or promoter holdings are not available in the provided information.
Outlook
Algoquant Fintech Ltd. operates in a growing but highly competitive Indian stockbroking market. The positive long-term outlook for India's capital markets, driven by increasing participation and digitalization, presents significant growth opportunities. For Algoquant, success will hinge on its ability to leverage technology effectively, acquire and retain a client base through competitive pricing and superior service, and manage operational efficiencies. However, the firm faces continuous pressure from intense competition, potential fee wars, and the need for ongoing investment in technology and compliance. Market downturns and adverse regulatory changes remain significant short to medium-term risks. The company's trajectory will largely depend on its execution capabilities in differentiating its offerings and adapting to the dynamic market environment.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 43 | 56 | 66 | 65 | 50 | 54 | 54 | 51 | 52 | 77 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Total Income | 43 | 56 | 66 | 65 | 50 | 54 | 55 | 51 | 52 | 77 |
| Total Expenditure | 29 | 43 | 44 | 45 | 46 | 51 | 45 | 41 | 41 | 56 |
| Operating Profit | 14 | 13 | 22 | 20 | 3 | 3 | 9 | 10 | 11 | 22 |
| Interest | 3 | 3 | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 11 | 9 | 20 | 17 | 1 | -0 | 7 | 9 | 9 | 17 |
| Provision for Tax | 3 | 3 | 6 | 5 | -5 | -1 | 2 | 3 | 3 | 0 |
| Profit After Tax | 7 | 6 | 14 | 12 | 5 | 1 | 4 | 6 | 6 | 17 |
| Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 7 | 6 | 14 | 12 | 5 | 1 | 4 | 6 | 6 | 17 |
| Adjusted Earnings Per Share | 0.3 | 0.3 | 0.6 | 0.6 | 0.2 | 0 | 0.2 | 0.2 | 0.2 | 0.6 |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|
| Net Sales | 156 | 235 | 234 |
| Other Income | 0 | 0 | 0 |
| Total Income | 157 | 235 | 235 |
| Total Expenditure | 113 | 186 | 183 |
| Operating Profit | 44 | 48 | 52 |
| Interest | 10 | 7 | 8 |
| Depreciation | 3 | 5 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 |
| Profit Before Tax | 31 | 37 | 42 |
| Provision for Tax | 6 | 5 | 8 |
| Profit After Tax | 25 | 32 | 33 |
| Adjustments | 0 | 0 | 0 |
| Profit After Adjustments | 25 | 32 | 33 |
| Adjusted Earnings Per Share | 1.1 | 1.1 | 1.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 51% | 0% | 0% | 0% |
| Operating Profit CAGR | 9% | 0% | 0% | 0% |
| PAT CAGR | 28% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -2% | 37% | 101% | 62% |
| ROE Average | 38% | 37% | 37% | 37% |
| ROCE Average | 34% | 32% | 32% | 32% |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 |
|---|---|---|
| Shareholder's Funds | 69 | 101 |
| Minority's Interest | 0 | 0 |
| Borrowings | 0 | 0 |
| Other Non-Current Liabilities | 2 | 1 |
| Total Current Liabilities | 232 | 116 |
| Total Liabilities | 302 | 218 |
| Fixed Assets | 13 | 14 |
| Other Non-Current Assets | 9 | 8 |
| Total Current Assets | 280 | 195 |
| Total Assets | 302 | 218 |
| #(Fig in Cr.) | Mar 2024 | Mar 2025 |
|---|---|---|
| Opening Cash & Cash Equivalents | 12 | 14 |
| Cash Flow from Operating Activities | -10 | 60 |
| Cash Flow from Investing Activities | 19 | -34 |
| Cash Flow from Financing Activities | -7 | -38 |
| Net Cash Inflow / Outflow | 1 | -11 |
| Closing Cash & Cash Equivalent | 14 | 2 |
| # | Mar 2024 | Mar 2025 |
|---|---|---|
| Earnings Per Share (Rs) | 1.13 | 1.13 |
| CEPS(Rs) | 1.28 | 1.3 |
| DPS(Rs) | 0 | 0 |
| Book NAV/Share(Rs) | 3.11 | 3.59 |
| Core EBITDA Margin(%) | 28.02 | 20.61 |
| EBIT Margin(%) | 26.18 | 18.65 |
| Pre Tax Margin(%) | 19.64 | 15.81 |
| PAT Margin (%) | 15.71 | 13.59 |
| Cash Profit Margin (%) | 17.75 | 15.57 |
| ROA(%) | 8.13 | 12.27 |
| ROE(%) | 36.47 | 37.89 |
| ROCE(%) | 31.42 | 33.57 |
| Receivable days | 2.98 | 2.33 |
| Inventory Days | 0 | 0 |
| Payable days | 0 | 0 |
| PER(x) | 43.62 | 44.18 |
| Price/Book(x) | 15.91 | 13.96 |
| Dividend Yield(%) | 0 | 0 |
| EV/Net Sales(x) | 5.93 | 5.63 |
| EV/Core EBITDA(x) | 21.01 | 27.29 |
| Net Sales Growth(%) | 0 | 50.05 |
| EBIT Growth(%) | 0 | 6.88 |
| PAT Growth(%) | 0 | 29.77 |
| EPS Growth(%) | 0 | 0.16 |
| Debt/Equity(x) | 0.91 | 0.29 |
| Current Ratio(x) | 1.21 | 1.69 |
| Quick Ratio(x) | 1.21 | 1.7 |
| Interest Cover(x) | 4 | 6.57 |
| Total Debt/Mcap(x) | 0.06 | 0.02 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.9 | 65.9 | 65.9 | 65.9 | 73.68 | 73.68 | 73.68 | 73.68 | 73.68 | 73.68 |
| FII | 5.61 | 5.49 | 5.52 | 5.52 | 0.71 | 0.7 | 0.7 | 0.61 | 0.64 | 1.22 |
| DII | 0.08 | 0.08 | 0.08 | 0.08 | 3.46 | 3.45 | 3.45 | 3.42 | 3.42 | 3.42 |
| Public | 28.41 | 28.53 | 28.5 | 28.5 | 22.15 | 22.17 | 22.17 | 22.29 | 22.25 | 21.68 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.53 | 0.53 | 0.53 | 0.53 | 0.77 | 1.15 | 1.15 | 20.71 | 20.71 | 20.71 |
| FII | 0.05 | 0.04 | 0.04 | 0.04 | 0.01 | 0.01 | 0.01 | 0.17 | 0.18 | 0.34 |
| DII | 0 | 0 | 0 | 0 | 0.04 | 0.05 | 0.05 | 0.96 | 0.96 | 0.96 |
| Public | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.35 | 0.35 | 6.27 | 6.26 | 6.09 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.8 | 0.8 | 0.8 | 0.8 | 1.04 | 1.56 | 1.56 | 28.11 | 28.11 | 28.11 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +51% | — | — | — |
| Operating Profit CAGR | +9% | — | — | — |
| PAT CAGR | +28% | — | — | — |
| Share Price CAGR | -2% | +37% | +101% | +62% |
| ROE Average | +38% | +37% | +37% | +37% |
| ROCE Average | +34% | +32% | +32% | +32% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.9 | 65.9 | 65.9 | 65.9 | 73.68 | 73.68 | 73.68 | 73.68 | 73.68 | 73.68 |
| FII | 5.61 | 5.49 | 5.52 | 5.52 | 0.71 | 0.7 | 0.7 | 0.61 | 0.64 | 1.22 |
| DII | 0.08 | 0.08 | 0.08 | 0.08 | 3.46 | 3.45 | 3.45 | 3.42 | 3.42 | 3.42 |
| Public | 34.1 | 34.1 | 34.1 | 34.1 | 26.32 | 26.32 | 26.32 | 26.32 | 26.32 | 26.32 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.53 | 0.53 | 0.53 | 0.53 | 0.77 | 1.15 | 1.15 | 20.71 | 20.71 | 20.71 |
| FII | 0.05 | 0.04 | 0.04 | 0.04 | 0.01 | 0.01 | 0.01 | 0.17 | 0.18 | 0.34 |
| DII | 0 | 0 | 0 | 0 | 0.04 | 0.05 | 0.05 | 0.96 | 0.96 | 0.96 |
| Public | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.41 | 0.41 | 7.4 | 7.4 | 7.4 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.8 | 0.8 | 0.8 | 0.8 | 1.04 | 1.56 | 1.56 | 28.11 | 28.11 | 28.11 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.