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B.N. Rathi Securities Limited (523019) Fair Value & Analysis

Financial · IN · Market cap ₹93.5M

BN B.N. Rathi Securities Limited 523019 · BSE
Price₹16.96
Fair Value₹15.15
Upside-10.7%
Quality48/100
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Evidence: High Range ₹11.36 – ₹18.93

Fair value as of: Jul 4, 2026

From 26 valuation models · updated today

Share price +3.3% over the past month.

Price vs Fair Value (12 months)

₹24.23 ₹11.30 Fair Value ₹15.15 Jul 2025 Jul 2026

12‑month range ₹11.30 – ₹24.23 · fair‑value band ₹11.36 – ₹18.93 · the ₹16.96 price screens above the ₹15.15 fair value. As of Jul 4, 2026.

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Analysis

B.N. Rathi Securities Limited (523019) currently trades at ₹16.96, while our model-based Fair Value estimate is ₹15.15 — implying the stock looks roughly 10.7% overvalued today. We read business quality at 48/100 (below-average quality), in the Financial sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, B.N. Rathi Securities Limited generated revenue of ₹288M at a net margin of 11.2%. Revenue grew 36.7% year over year. It earns a return on equity of 14.4%. The stock trades on a trailing P/E of 3.0. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) ₹288M
Revenue growth (YoY) +36.7%
Net margin 11.2%
Return on equity 14.4%
Free cash flow ₹104M FY2026
P/E ratio 3.0
More key figures
Operating margin 14.8%
EPS (TTM) ₹6.39
Dividend yield 10.3%
EPS growth (YoY) +327%

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

B.N. Rathi Securities Limited primarily provides securities broking services in India. It offers equities and derivatives, currency futures, internet and mobile trading, depository, market analysis, commodity broking, IPOs, and mutual funds, as well as research services. The company also provides non-banking financial services, such as home, personal, and business loans; loans against shares and properties; and loan syndication services. In addition, it engages in the property development and sale business. 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.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

B.N. Rathi Securities Limited reported revenue of ₹417M in FY2026 versus ₹386M in FY2022, a compound +2.0%/yr. Reported net income was ₹94.4M in FY2026, compounding +17.2%/yr from FY2022.

Revenue +2.0%/yr
FY22 ₹386M
FY23 ₹405M
FY24 ₹473M
FY25 ₹478M
FY26 ₹417M
Net income +17.2%/yr
FY22 ₹50.1M
FY23 ₹75.8M
FY24 ₹105M
FY25 ₹94.6M
FY26 ₹94.4M

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Frequently asked questions

Is B.N. Rathi Securities Limited (523019) undervalued?
As of Jul 4, 2026, our model estimates a fair value of ₹15.15 versus a price of ₹16.96 — about −11% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 523019?
Our model-based fair value for B.N. Rathi Securities Limited is ₹15.15 (as of Jul 4, 2026), built from audited fundamentals. The current price is ₹16.96.
What is the quality score of 523019?
B.N. Rathi Securities Limited has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of B.N. Rathi Securities Limited (523019)?
B.N. Rathi Securities Limited reported trailing-twelve-month revenue of about ₹288M (latest available figure, as of Jul 4, 2026).
What is the net profit margin of 523019?
The net profit margin of B.N. Rathi Securities Limited is about 11.2%, meaning it keeps roughly 11.2% of revenue as net income. Based on the latest reported figures.
Does B.N. Rathi Securities Limited pay a dividend?
B.N. Rathi Securities Limited currently shows a dividend yield of about 10.28% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.