BN Rathi Sec

₹99.7 0.9 | 0.9%

WEBSITE BSE:523019 NSE : B.N.RATHI SE 18 May, 12:50

Market Cap ₹102 Cr.

Stock P/E 8.7

P/B 1.6

Current Price ₹99.7

Book Value ₹ 61.5

Face Value 10

52W High ₹126

Dividend Yield 1.51%

52W Low ₹ 35

Edit Ratio

BN Rathi Sec Research see more...

Overview Inc. Year: 1985Industry: Finance - Stock Broking

BN Rathi Sec Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

BN Rathi Sec Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	10	10	10	10	10	10	10	12	12	14
Other Income	1	1	1	2	2	2	2	2	3	3
Total Income	11	12	11	12	12	12	12	15	14	16
Total Expenditure	9	10	9	8	9	9	9	10	10	13
Operating Profit	2	2	3	3	3	3	3	5	4	3
Interest	0	0	0	1	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	-0	0	0	0	0
Profit Before Tax	2	1	2	3	3	2	3	4	4	3
Provision for Tax	0	0	1	1	1	1	1	1	1	1
Profit After Tax	1	1	2	2	2	2	2	3	3	2
Adjustments	0	-0	-0	0	0	-0	-0	0	-0	-0
Profit After Adjustments	1	1	2	2	2	2	2	3	3	2
Adjusted Earnings Per Share	2.8	1.3	2	2.6	2.6	1.9	2.6	3.8	2.8	2.2

BN Rathi Sec Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	8	10	17	21	26	27	26	24	30	39	41	48
Other Income	1	1	2	2	2	2	2	3	3	5	6	10
Total Income	10	12	19	23	29	30	28	26	33	43	47	57
Total Expenditure	8	10	16	19	24	25	26	23	27	35	34	42
Operating Profit	2	1	3	4	5	4	3	3	6	8	13	15
Interest	0	0	0	1	0	0	0	1	1	1	2	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	-0	0	0	0	0	0	0	0	0	0	-0	0
Profit Before Tax	1	1	2	3	4	4	2	2	5	7	10	14
Provision for Tax	0	0	1	1	1	1	1	1	2	2	3	4
Profit After Tax	1	1	2	2	3	3	1	2	4	5	8	10
Adjustments	-0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	1	2	2	3	3	1	2	4	5	8	10
Adjusted Earnings Per Share	1.8	1.8	3.9	3	3.9	4.2	1.9	2.6	5.6	6	9	11.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	20%	9%	18%
Operating Profit CAGR	63%	63%	27%	21%
PAT CAGR	60%	59%	22%	23%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	148%	60%	45%	28%
ROE Average	19%	17%	13%	13%
ROCE Average	30%	25%	20%	20%

BN Rathi Sec Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	9	10	11	16	18	20	21	21	25	37	44
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	2	2	0
Other Non-Current Liabilities	1	0	-0	-0	-0	-0	-0	0	0	1	0
Total Current Liabilities	12	20	27	33	36	42	41	40	92	110	114
Total Liabilities	22	29	38	48	55	63	62	62	119	149	158
Fixed Assets	1	1	0	1	0	0	0	0	3	3	3
Other Non-Current Assets	6	2	4	7	2	3	2	2	2	3	4
Total Current Assets	16	26	33	41	52	60	60	59	114	143	151
Total Assets	22	29	38	48	55	63	62	62	119	149	158

BN Rathi Sec Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	10	9	1	10	7	16	4	12	3	27
Cash Flow from Operating Activities	-1	3	6	-1	-2	7	-4	13	34	41	-5
Cash Flow from Investing Activities	2	1	2	1	0	3	-7	-3	-44	-23	11
Cash Flow from Financing Activities	-0	-4	0	7	-1	-1	-1	-2	1	6	-4
Net Cash Inflow / Outflow	1	-0	8	7	-3	9	-12	8	-10	25	2
Closing Cash & Cash Equivalent	3	9	17	9	7	16	4	12	3	27	29

BN Rathi Sec Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.76	1.77	3.92	2.99	3.88	4.16	1.89	2.6	5.56	5.96	9.02
CEPS(Rs)	2.29	2.25	5	3.71	4.4	4.52	2.11	2.93	5.92	6.33	9.46
DPS(Rs)	1	1.2	1.5	0.8	1	1.2	1	1	1.2	1	1.5
Book NAV/Share(Rs)	21.44	22.42	25.19	24.1	27.95	31.13	31.99	32.34	37.98	43.64	52.24
Core EBITDA Margin(%)	2.39	0.75	7.59	7.56	8.03	7.58	0.61	1.23	9.71	9.42	16.02
EBIT Margin(%)	15.28	12.32	16.34	17.57	15.97	15.08	9.25	11.98	20.32	20.64	30.23
Pre Tax Margin(%)	12.63	10.29	13.97	14.31	14.72	13.89	7.52	9.66	17.89	17.39	25.61
PAT Margin (%)	8.88	7.27	9.75	9.4	9.64	9.91	4.8	7.19	12.23	12.98	18.7
Cash Profit Margin (%)	11.56	9.24	12.45	11.65	10.94	10.79	5.37	8.09	13.02	13.78	19.6
ROA(%)	3.39	2.92	4.99	4.55	4.92	4.63	1.98	2.75	4.03	3.74	4.93
ROE(%)	8.39	8.09	16.45	14.78	14.89	14.07	5.99	8.09	15.82	16.29	18.82
ROCE(%)	13.75	13.18	26.07	26.29	24.37	21.29	11.53	13.48	22.88	22.75	29.8
Receivable days	118.46	157.62	132.92	130.83	152.58	161.85	159.48	120.17	80.77	92.06	82.6
Inventory Days	6.02	14.45	12.31	5.44	0	0	0	0	0	2.69	0
Payable days	0	0	0	0	0	0	0	0	0	0	0
PER(x)	4.49	4.81	4.23	4.39	5.27	6.98	9.79	3.29	3.4	5.69	3.76
Price/Book(x)	0.37	0.38	0.66	0.55	0.73	0.93	0.58	0.26	0.5	0.78	0.65
Dividend Yield(%)	7.49	8.33	5.37	4.69	3.77	3.19	4.17	9.01	4.9	2.95	4.42
EV/Net Sales(x)	-0.66	-0.52	-0.5	-0.46	-0.28	-0.32	-0.53	-1.39	-2.02	-2.46	-2.27
EV/Core EBITDA(x)	-3.37	-3.62	-2.65	-2.51	-1.61	-2.02	-5.41	-10.83	-9.58	-11.47	-7.15
Net Sales Growth(%)	9.86	23.01	64.61	21.75	26.33	4.26	-6.12	-8.01	25.59	29.79	5.04
EBIT Growth(%)	-12.91	-0.8	118.34	30.92	14.84	-1.57	-42.41	19.08	113.11	31.83	53.85
PAT Growth(%)	-7.88	0.67	120.85	17.37	29.46	7.26	-54.52	37.71	113.74	37.67	51.37
EPS Growth(%)	-7.88	0.67	120.85	-23.57	29.46	7.26	-54.52	37.72	113.74	7.13	51.37
Debt/Equity(x)	0.07	0.01	0.1	0.02	0.01	0	0	0	0.28	0.05	0
Current Ratio(x)	1.3	1.35	1.23	1.26	1.43	1.41	1.45	1.47	1.24	1.3	1.32
Quick Ratio(x)	1.29	1.32	1.22	1.25	1.43	1.41	1.45	1.47	1.24	1.29	1.32
Interest Cover(x)	5.78	6.07	6.9	5.39	12.77	12.68	5.35	5.17	8.37	6.36	6.55
Total Debt/Mcap(x)	0.19	0.03	0.15	0.03	0.01	0	0	0	0.55	0.06	0

BN Rathi Sec Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	53.48	58.1	58.1	58.1	58.1	58.1	58.1	58.1	47.61	47.61
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	46.52	41.9	41.9	41.9	41.9	41.9	41.9	41.9	52.39	52.39
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.27	0.49	0.49	0.49	0.49	0.49	0.49	0.49	0.49	0.49
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.23	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.54	0.54
Others	0	0	0	0	0	0	0	0	0	0
Total	0.5	0.84	0.84	0.84	0.84	0.84	0.84	0.84	1.03	1.03

Pros

Company has delivered good profit growth of 21% CAGR over last 5 years
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 47.61%.

* 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.