ANANDRATHISHAREANDSTOCKB / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Anand Rathi Share · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-04-30Back to quarter ↗

Questions audited

Answered directly

69%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Sri Patel · Eyesight Private Limited

partial

How will the company guide broking and wealth management over next few quarters?

we do have in our group a wealth management company separately than this company... this company is by and large focusing towards broking and distribution of products... we are strengthening that platform day in day out... 60% of the customers are already working on our digital platform.

Sri Patel · Eyesight Private Limited

direct

How is Anand Rathi preparing to manage risks in broking and advisory?

we try to always see that how we can go into a business where customer interest should be protected... we are conservative in terms of our approach towards the risk management side... MTA product... we have restricted this particular basket... to less than 1,000 stocks... NPA is zero... debt equity ratio... currently it's just at a6 kind of level... restrict ourselves up to max 1.5.

Dakar (likely a participant, name unclear) · Research desk

direct

How will the 50/50 broking vs non-broking revenue mix shape up?

we can see 51% is coming from broking 49% from distribution... we are not happy with this... distribution side has grown by almost 44%... broking side it is not really grown... we will be able to achieve that 50 50% kind of a scenario... non-broking should be able to grow somewhere around 40 to 44 45% growth... broking revenue... somewhere around 15%... overall revenue... 15 to 20% growth year-on-year basis.

Dakar · Research desk

partial

Are MTF spreads sustainable given competitive pressures?

we are not facing much of a pressure on that count because there is already a good pent-up demand available with us... we will keep on addressing... we will be able to achieve that yield because very minuscule percentage of customers are utilizing the MTA book as of now.

Swana Mukharji · BNK securities

partial

Is broking growth dependent on market beta or active client strategy?

our focus is how to probably stabilize the broking business... we always try to create product... create strategies to look at investments needs... revenue mix between cash and derivative it is split into 50/50... we are largely denominated looking at cash market segment.

Swana Mukharji · BNK securities

partial

What is the cash vs derivative mix in broking and impact of STT increase?

revenue mix between cash and derivative it is split into 50/50... we are largely denominated looking at cash market segment... most of our customers are using these activities and they are already calculating their cost... we feel that is happening.

Swana Mukharji · BNK securities

direct

Does the company have any proprietary book exposure to RBI regulation?

in our this company we do not deal with proprietary book. We do not have a single pie or a proprietary activity in this book. So that rules and regulations are not at all impacting us in this company.

Swana Mukharji · BNK securities

partial

How much of AUM growth is from active clients vs organic book growth?

that increase is from the more from our existing client base... total number of client side... we have increased last financial year or total client base by 12% in total number... active client base... was almost slightest or two 3% down.