Anand Rathi Share Management Guidance Tracker

10 forward-looking guidance items tracked across 3 quarters.

Growth

Q2 FY26MTF book target of ₹1,500 crore by March 2026Tracked

Management expects the MTF book to reach approximately ₹1,500 crore by the end of FY26, up from ₹1,085 crore in September 2025.

Q2 FY26Distribution AUM target of ₹9,500 crore by March 2026Tracked

The company aims to grow its distribution AUM to around ₹9,500 crore by year-end, from ₹7,736 crore in September 2025.

Q3 FY26MTF book target of ₹1,500 crore by FY26-endActive

Management expects the MTF book to reach approximately ₹1,500 crore by the end of the current financial year, up from ₹1,232 crore as of December 2025.

Q3 FY26AUM target of ₹9,500-10,000 croreTracked

Management guided for AUM under distribution to reach ₹9,500-10,000 crore, implying continued growth from the current ₹5,369 crore.

Q4 FY2650:50 revenue split between broking and non-brokingTracked

Target to maintain a balanced revenue mix of 50% broking and 50% non-broking over the long term.

Q4 FY26MTF book target of ₹1,500 crore by FY26Tracked

Earlier guided MTF book size of ₹1,500 crore by FY26, but faced headwinds from RBI policy and market conditions.

Revenue

Q2 FY2650:50 broking/non-broking revenue mix by FY27Tracked

Management targets a balanced revenue mix of 50% from broking and 50% from non-broking segments by the end of FY27.

Q3 FY26Revenue mix target of 50:50 broking to non-broking by March 2027Tracked

Management aims to achieve a 50:50 revenue split between broking and non-broking segments by end of FY27, reducing dependence on market-linked income.

Q4 FY26Revenue growth target of 15-20% YoYActive

Management aims for overall revenue growth of 15-20% year-on-year, with broking growing ~15% and non-broking 40-45%.

Other

Q4 FY26Debt-equity ratio capped at 1.5xActive

Management intends to restrict debt-equity ratio to a maximum of 1.5x going forward.