Anand Rathi Share and Stock Brokers Limited (ARSSBL) has received an upgrade in its credit ratings from CARE Ratings Limited. The agency has assigned ratings of 'CARE A; Stable / CARE A1+' to the company's long-term and short-term bank facilities and debt instruments, an upgrade from 'CARE A-; Stable / CARE A1'. Additionally, the rating for market-linked debentures has been upgraded to 'CARE PP -MLD A; Stable' from 'CARE PP MLD A -; Stable', and the rating for commercial paper has been upgraded to 'CARE A1+' from 'CARE A1'. These upgrades reflect a significant equity infusion of approximately ₹745 crore, which is expected to enhance financial flexibility, support growth in margin trading facility (MTF) and distribution segments, and improve leverage metrics. The ratings also continue to be supported by the experienced management team, the company's established presence in the broking industry, its strategic importance within the Anand Rathi Group, and the stability in its earnings profile. CARE Ratings has noted that ARSSBL's total income grew by 23.73% to ₹845 crore in FY25, with profit after tax (PAT) at ₹104 crore. The MTF book has grown significantly, and the company has been diversifying its revenue streams.
