[Dilip Davda] The company is engaged in the business of equity broking, investing and trading activities as SEBI registered stock broker. It posted steady growth in its top and bottom lines for the reported periods. The sudden boost in bottom lines from FY23 onwards raise eyebrows. Based on its recent financial performance, the issue appears fully priced. It is operating in a highly competitive segment. Well-informed investors may park moderate funds for long term. Read detail review...

Rikhav Securities IPO Peer Comparison

Rikhav Securities Limited peer comparison with similar listed entities. (As on March 28, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Rikhav Securities Limited	14.23	14.23	46.08		30.89	1.87	Consolidated
Alacrity Securities Ltd	5.43	5.43	21.37	29.09	25.42	3	Consolidated
Angel One Limited	134.21	131.81	361.7	20.94	37.04	8.43	Consolidated
Share India Securities Ltd	25.41	21.83	91.23	13.96	24.37	17.68	Consolidated
Pune E - Stock Broking Ltd	11.04	11.04	81.33	16.68	9.77	1.47	Consolidated

Notes:

The figures for the company are based on Restated Consolidated Financial Statements for the year ended March 31, 2024 after considering the bonus issue and split of shares.
The P/E Ratio has been computed based on their respective closing market price on January 07, 2025, as divided by the Basic EPS as of March 31, 2024.
Restated Profit for the year attributable to equity shareholders divided by Net Worth of our Company.
Net asset value per equity share is calculated as net worth as of the end of the relevant year divided by the weighted average number of equity shares outstanding at the end of the year.
All the financial information for listed industry peers is on a consolidated basis except Figures of Alacrity Securities Limited is based on standalone financials is sourced from the financial information of such listed industry peers as at and for the year ended March 31, 2024, available on the website of the stock exchanges.

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