ANAND RATHI SH N STK BR L (ARSSBL) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of ANAND RATHI SH N STK BR L ₹759, price ₹515, upside +47.3%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 27, 2026.
How to read this chart
12‑month range ₹414.41 – ₹767.12 · fair‑value band ₹199.98 – ₹1,052 · the ₹515.10 price screens below the ₹758.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 27, 2026.
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Anand Rathi Share and Stock Brokers Limited provides stock brokerage services in India and internationally. The company offers equities, derivatives, alternative investment funds, IPOs, mutual funds, portfolio management services, investment basket, margin trading facility, NRI investing, commodities, currencies, fixed income, and insurance products.
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Anand Rathi Share and Stock Brokers Limited provides stock brokerage services in India and internationally. The company offers equities, derivatives, alternative investment funds, IPOs, mutual funds, portfolio management services, investment basket, margin trading facility, NRI investing, commodities, currencies, fixed income, and insurance products. It also provides TradeMobi, an online app for trading and account related services; TradeXpress, a web-based platform to execute trades and access real-time market data; AR Invest; and Algozy for algorithmic trading strategies. The company was formerly known as Navratan Capital and Securities Limited and changed its name to Anand Rathi Share and Stock Brokers Limited in January 2008. Anand Rathi Share and Stock Brokers Limited was incorporated in 1991 and is based in Mumbai, India. Anand Rathi Share and Stock Brokers Limited operates as a subsidiary of Anand Rathi Financial Services Limited.
Stock analysis
ANAND RATHI SH N STK BR L (ARSSBL) currently trades at ₹515.10, while our model-based Fair Value estimate is ₹758.88, implying the stock looks roughly 32.1% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹2,481 per share, and 5 of the 10 models we run sit above the ₹515.10 price.
Bear case: the Asset-Based group reads lowest at ₹143.31, and 5 of the 10 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹199.98 (bear) to ₹1,052 (bull), the price of ₹515.10 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
ANAND RATHI SH N STK BR L reported revenue of ₹7.4B in FY2026 versus ₹3.8B in FY2022, a compound +18.0%/yr. Reported net income was ₹1.3B in FY2026, compounding +26.3%/yr from FY2022.
Key figures
Market cap ₹35.8B (≈ $374M) · P/E ratio 22.0 · P/S ratio 3.84 · EPS (TTM) ₹23.42 · Dividend yield 1.0% · Net margin 17.5% · Return on equity 14.0% · Return on assets (EBIT) 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −22% fair-value upside, at 47%, ARSSBL screens cheaper than that median.
Fair Value models
Bear ₹199.98Fair Value ₹758.88Bull ₹1,052
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹9.29 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.4%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +20.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.1%
Dividend (yield on the price)1.0%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 22%
⚠ Rate on operating basis: 2026 sits 67% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−6.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −10.2% a year for the price.
Compare ANAND RATHI SH N STK BR L with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Financial Conglomerates · 55 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+47.3% · Above median
Profitability
Return on equity (TTM)14.0% · Top 25%
Return on assets2.5% · Above median
Net margin (TTM)17.1% · Above median
Operating margin (TTM)25.2% · Above median
Growth and dividend
Revenue growth28.2% · Above median
Dividend yield (TTM)1.0% · Bottom 25%
Balance sheet
Debt / equity0.03× · Lowest 25%
Valuation Multiplesvs Financial Conglomerates median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ANAND RATHI SH N STK BR L Fair Value". https://www.fairvalue-calculator.com/stock/ARSSBL
Frequently asked questions
Is ANAND RATHI SH N STK BR L (ARSSBL) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹758.88 versus a price of ₹515.10, about +47% upside (undervalued).
What is the fair value of ARSSBL?
Our model-based fair value for ANAND RATHI SH N STK BR L is ₹758.88 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹515.10.
What is the quality score of ARSSBL?
ANAND RATHI SH N STK BR L has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ANAND RATHI SH N STK BR L (ARSSBL)?
Our model-based price target is the fair value of ₹758.88 (as of Sep 27, 2026) from 10 valuation models. Cautious scenario ₹199.98, optimistic scenario ₹1,052. It is a calculation from audited fundamentals, not an analyst target.
What is the ANAND RATHI SH N STK BR L stock forecast for 2026?
Our models put fair value at ₹758.88, about +47% upside versus a price of ₹515.10 (undervalued). Cautious scenario ₹199.98, optimistic scenario ₹1,052. The calculation is refreshed regularly with new filings.
What is the revenue of ANAND RATHI SH N STK BR L (ARSSBL)?
ANAND RATHI SH N STK BR L reported trailing-twelve-month revenue of about ₹7.6B (latest available figure, as of Sep 27, 2026).
Does ANAND RATHI SH N STK BR L pay a dividend?
ANAND RATHI SH N STK BR L currently shows a dividend yield of about 0.97% relative to its recent price (as of Sep 27, 2026).
What growth is priced into ANAND RATHI SH N STK BR L (ARSSBL)?
For today's price to be fair in a discounted-cash-flow model, ANAND RATHI SH N STK BR L would have to grow free cash flow by -6.5 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +18.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of ARSSBL use?
Our models discount ANAND RATHI SH N STK BR L at 13.9 %: a base by market capitalisation (small), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ANAND RATHI SH N STK BR L that is -6.5 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has ANAND RATHI SH N STK BR L (ARSSBL) delivered so far?
Over the past 4 years revenue at ANAND RATHI SH N STK BR L grew +18.0 % a year. The price currently implies -6.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ANAND RATHI SH N STK BR L (ARSSBL) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into ANAND RATHI SH N STK BR L (-6.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ANAND RATHI SH N STK BR L (ARSSBL)?
The free-cash-flow yield on the price is 21.83 %: that much free cash flow ANAND RATHI SH N STK BR L produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ANAND RATHI SH N STK BR L (ARSSBL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ANAND RATHI SH N STK BR L it is ₹758.88 per share (as of Sep 27, 2026), against a price of ₹515.10. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is ANAND RATHI SH N STK BR L stock overvalued or undervalued in 2026?
As of Sep 27, 2026, ARSSBL trades below its calculated fair value: price ₹515.10, fair value ₹758.88, a gap of about +47% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ARSSBL?
No. The price is what the market pays today (₹515.10); the fair value is what the company's own numbers justify (₹758.88). For ANAND RATHI SH N STK BR L the two are ₹243.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is ANAND RATHI SH N STK BR L worth?
The market values ANAND RATHI SH N STK BR L at about ₹35.8B (market capitalisation, as of Sep 27, 2026). Per share that is ₹515.10; our models calculate a fair value of ₹758.88 per share.
What do the bullish and bearish scenarios say about ARSSBL?
Our models span a range for ANAND RATHI SH N STK BR L: cautious scenario ₹199.98, base ₹758.88, optimistic ₹1,052 per share (as of Sep 27, 2026, price ₹515.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ARSSBL?
ANAND RATHI SH N STK BR L trades at a price-to-earnings ratio of 22.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹758.88 is built from several models across several years. Other multiples: P/B 2.7, P/S 4.7.
How solid is the balance sheet of ANAND RATHI SH N STK BR L (ARSSBL)?
Balance-sheet figures for ANAND RATHI SH N STK BR L (as of Sep 27, 2026): return on equity 14.0%, debt of 0.03 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is ARSSBL from its 52-week high?
ANAND RATHI SH N STK BR L trades at ₹515.10, about 33% below its 52-week high of ₹767.12 and 24% above the low of ₹414.41 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ₹758.88 is for.
Which stocks are comparable to ANAND RATHI SH N STK BR L?
From the same area (Financial Services) we also value ORIX Corporation, Bajaj Finserv Ltd, China Galaxy Securities Co, Guosen Securities Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ANAND RATHI SH N STK BR L stock attractive at the current price?
The data as of Sep 27, 2026: price ₹515.10, calculated fair value ₹758.88 (+47%), Quality Score 52/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ARSSBL calculated?
We run ANAND RATHI SH N STK BR L through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹758.88, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. ANAND RATHI SH N STK BR L currently trades 32 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ANAND RATHI SH N STK BR L (ARSSBL)?
The closing price on Sep 30, 2026 was ₹515.10. Our model-based fair value is ₹758.88, about +47% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ANAND RATHI SH N STK BR L right now?
The model range is unusually wide (₹199.98 to ₹1,052). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of ANAND RATHI SH N STK BR L
How large is the market capitalisation of ANAND RATHI SH N STK BR L (ARSSBL)?
The market capitalisation of ANAND RATHI SH N STK BR L is ₹35.8B (≈ $374M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ANAND RATHI SH N STK BR L (ARSSBL)?
The price-to-sales ratio of ANAND RATHI SH N STK BR L is 3.84 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ANAND RATHI SH N STK BR L (ARSSBL)?
Earnings per share at ANAND RATHI SH N STK BR L are ₹23.42 (price ÷ EPS = P/E 22.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ANAND RATHI SH N STK BR L (ARSSBL)?
The dividend yield of ANAND RATHI SH N STK BR L is 1.0% (payout 21.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of ANAND RATHI SH N STK BR L (ARSSBL)?
The net margin of ANAND RATHI SH N STK BR L is 17.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ANAND RATHI SH N STK BR L (ARSSBL)?
The return on equity (ROE) of ANAND RATHI SH N STK BR L is 14.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ANAND RATHI SH N STK BR L (ARSSBL)?
On an EBIT basis the return on assets of ANAND RATHI SH N STK BR L is 3.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ANAND RATHI SH N STK BR L (ARSSBL)?
The operating margin of ANAND RATHI SH N STK BR L is 25.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ANAND RATHI SH N STK BR L (ARSSBL)?
Revenue at ANAND RATHI SH N STK BR L is growing +28.2% versus a year earlier (3y avg +20.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ANAND RATHI SH N STK BR L (ARSSBL)?
Earnings per share at ANAND RATHI SH N STK BR L are growing +88.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ANAND RATHI SH N STK BR L (ARSSBL) carry?
The net debt of ANAND RATHI SH N STK BR L is ₹7.5B (fiscal year 2026, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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