Anand Rathi Share IPO Review & Recommendations

Anand Rathi Share IPO Peer Comparison

Anand Rathi Share & Stock Brokers Ltd. peer comparison with similar listed entities. (As on March 31, 2025)

Notes:

1. Financial information of the Company has been derived from the Restated Consolidated Financial Information.
2. All the financial information for listed industry peers is on a consolidated basis and is sourced from the financial information of such listed industry peer as at and for the year ended March 31, 2025 available on the website of the stock exchanges or the Company.
3. P/E ratio for the listed industry peers has been computed based on the closing market price of equity shares on NSE Limited ("NSE") as on August 29, 2025 divided by the diluted earnings per share for the year ended March 31, 2025.
4. Return on Net Worth (%) is ratio of profit after tax f,or the relevant period to Average Total Equity for the relevant period.
5. Net asset value per equity share (book value per equity share) is calculated by dividing Total Equity of the company as of the last day of the relevant period by the total number of issued and subscribed equity shares outstanding as of the last day of the relevant period.