Sector Alpha Week of 2026-09-17
Not SEBI Registered !! Not Investment advice !!
20-quarter listed-company comparison

Finance - Capital Markets - Brokers Stocks in India

Finance - Capital Markets - Brokers: Angel One Ltd owns the largest revenue base; Indo Thai Securities Ltd has the fastest current growth.

The 16 Finance - Capital Markets - Brokers companies listed in India are Billionbrains Garage Ventures Ltd (₹1.3 L Cr, the largest), Angel One Ltd, Choice International Ltd and 13 more. 9 of 14 covered companies beat NIFTY 500 on relative strength. Readings are as of 17 Sep 2026.

Top 10 Finance - Capital Markets - Brokers Stocks in India (Sep 2026) — ranked by 4-Factor score

  1. 1Indo Thai Securities Ltd₹547 Cr68.2/100Favorable setup · strongest on P/BV divided by ROE and profit growth
  2. 2Share India Securities Ltd₹4.4K Cr68.2/100Favorable setup · strongest on relative strength versus sector and P/BV divided by ROE
  3. 3Paisalo Digital Ltd₹7.7K Cr65.8/100Favorable setup · strongest on relative strength versus sector and profit growth
  4. 4Monarch Networth Capital Ltd₹3.0K Cr65.1/100Favorable setup · strongest on ROA and relative strength versus sector
  5. 5Anand Rathi Share & Stock Brokers Ltd₹3.1K Cr55.5/100Mixed-positive evidence · strongest on profit growth and P/BV divided by ROE
  6. 6Choice International Ltd₹16.9K Cr53.2/100Mixed-positive evidence · strongest on profit growth and income growth
  7. 7SMC Global Securities Ltd₹1.8K Cr53.1/100Mixed-positive evidence · strongest on relative strength versus sector and 13-week relative-strength change
  8. 8Angel One Ltd₹27.9K Cr50.6/100Mixed-positive evidence · strongest on relative strength versus sector and ROA
  9. 9Summit Securities Ltd₹1.5K Cr47.9/100Mixed-negative evidence · strongest on profit growth and income growth
  10. 10Meghna Infracon Infrastructure Ltd₹1.5K Cr46.1/100Thin evidence · provisional · strongest on ROE and income growth

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 11 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Finance - Capital Markets - Brokers Index — Constituents & Performance

The largest 15 of 16 listed Indian Finance - Capital Markets - Brokers companies are named here; all 16 are ranked in the scorecard — the constituent set people search for as the Nifty Finance - Capital Markets - Brokers index. Every figure is equal-weighted across those companies and carries its own as-of date.

  1. Billionbrains Garage Ventures Ltd₹1.3 L Cr
  2. Angel One Ltd₹27.9K Cr
  3. Choice International Ltd₹16.9K Cr
  4. IIFL Capital Services Ltd₹10.7K Cr
  5. Paisalo Digital Ltd₹7.7K Cr
  6. Share India Securities Ltd₹4.4K Cr
  7. Anand Rathi Share & Stock Brokers Ltd₹3.1K Cr
  8. Monarch Networth Capital Ltd₹3.0K Cr
  9. Geojit Financial Services Ltd₹2.2K Cr
  10. SMC Global Securities Ltd₹1.8K Cr
  11. Summit Securities Ltd₹1.5K Cr
  12. 5paisa Capital Ltd₹1.5K Cr
  13. Meghna Infracon Infrastructure Ltd₹1.5K Cr
  14. Arihant Capital Markets Ltd₹866 Cr
  15. Emkay Global Financial Services Ltd₹698 Cr

The remaining 1 Finance - Capital Markets - Brokers company are named and ranked in the scorecard.

02 · the sector itself · before any single company

How has Finance - Capital Markets - Brokers moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 25% ahead of NIFTY 500. Earnings across its companies fell 21% on average over the last four reported quarters.

ASLEEP · 1y +14.7%~Price up, without the fundamentals confirming8 of 16 companies ahead of NIFTY 500 by 5% or more over three months2 are 20% or more behind over a year while earnings grew 20% or more

RS — · 12/16 >200d (+1) · 8/16 lead (+1) · EPS 7/16↑

200500100020262025202420232022 1461303 TRAILING 12-MONTH EPS · 100 AT THE START0100178Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 104, against 100 at the start · no comparable year yet · 4 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 111, against 100 at the start · up 11.9% on a year ago · 4 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 123, against 100 at the start · up 27.4% on a year ago · 4 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 97, against 100 at the start · up 32.3% on a year ago · 12 reportingDec 2023 · trailing 12-month earnings per share at 123, against 100 at the start · up 75.2% on a year ago · 12 reportingMar 2024 · trailing 12-month earnings per share at 148, against 100 at the start · up 58.2% on a year ago · 12 reportingJun 2024 · trailing 12-month earnings per share at 169, against 100 at the start · up 63.7% on a year ago · 12 reportingSep 2024 · trailing 12-month earnings per share at 178, against 100 at the start · up 73.2% on a year ago · 12 reportingDec 2024 · trailing 12-month earnings per share at 164, against 100 at the start · up 45.5% on a year ago · 13 reportingMar 2025 · trailing 12-month earnings per share at 150, against 100 at the start · up 9.0% on a year ago · 14 reportingJun 2025 · trailing 12-month earnings per share at 145, against 100 at the start · down 9.1% on a year ago · 15 reportingSep 2025 · trailing 12-month earnings per share at 126, against 100 at the start · down 24.9% on a year ago · 15 reportingDec 2025 · trailing 12-month earnings per share at 105, against 100 at the start · down 28.8% on a year ago · 15 reportingMar 2026 · trailing 12-month earnings per share at 101, against 100 at the start · down 21.6% on a year ago · 15 reportingJun 2026 · trailing 12-month earnings per share at 114, against 100 at the start · down 7.5% on a year ago · 15 reportingNot reported yet — earnings trail price by a quarter or two114No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500100020262025202420232022 1461303 TRAILING 12-MONTH EPS · 100 AT THE START0100178Jun 23Jun 24Jun 25Jun 26Sep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reporting · thin coverageDec 2022 · trailing 12-month earnings per share at 104, against 100 at the start · no comparable year yet · 4 reporting · thin coverageMar 2023 · trailing 12-month earnings per share at 111, against 100 at the start · up 11.9% on a year ago · 4 reporting · thin coverageJun 2023 · trailing 12-month earnings per share at 123, against 100 at the start · up 27.4% on a year ago · 4 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 97, against 100 at the start · up 32.3% on a year ago · 12 reportingDec 2023 · trailing 12-month earnings per share at 123, against 100 at the start · up 75.2% on a year ago · 12 reportingMar 2024 · trailing 12-month earnings per share at 148, against 100 at the start · up 58.2% on a year ago · 12 reportingJun 2024 · trailing 12-month earnings per share at 169, against 100 at the start · up 63.7% on a year ago · 12 reportingSep 2024 · trailing 12-month earnings per share at 178, against 100 at the start · up 73.2% on a year ago · 12 reportingDec 2024 · trailing 12-month earnings per share at 164, against 100 at the start · up 45.5% on a year ago · 13 reportingMar 2025 · trailing 12-month earnings per share at 150, against 100 at the start · up 9.0% on a year ago · 14 reportingJun 2025 · trailing 12-month earnings per share at 145, against 100 at the start · down 9.1% on a year ago · 15 reportingSep 2025 · trailing 12-month earnings per share at 126, against 100 at the start · down 24.9% on a year ago · 15 reportingDec 2025 · trailing 12-month earnings per share at 105, against 100 at the start · down 28.8% on a year ago · 15 reportingMar 2026 · trailing 12-month earnings per share at 101, against 100 at the start · down 21.6% on a year ago · 15 reportingJun 2026 · trailing 12-month earnings per share at 114, against 100 at the start · down 7.5% on a year ago · 15 reportingNot reported yet — earnings trail price by a quarter or two114No earnings on file this far back — the price series reaches further than the filings do
Finance - Capital Markets - Brokers, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 16 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Finance - Capital Markets - Brokers outperforming NIFTY 500?

Finance - Capital Markets - Brokers has outperformed NIFTY 500 by 12.4% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.8%. 9 of 14 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Paisalo Digital Ltd is the strongest against the sector itself at +78.2%.

-0.8%Sector vs NIFTY 500 · 13 weeks
+12.4%Sector vs NIFTY 500 · 52 weeks
9/14Stocks leading NIFTY 500
8/14Stocks leading sector

Sector metric: 21.2 as of 2026-08-22 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Finance - Capital Markets - Brokers has outperformed NIFTY 500 by 12.4% over 52 weeks and 0.8% over 13 weeks. 9 of 14 covered companies beat NIFTY on Mansfield relative strength, while 8 of 14 beat the sector itself. Angel One Ltd leads with income of ₹5,426 crore, based on 16 of 16 comparable companies through Jun 2026.

Companies
16
complete canonical membership
Combined market value
₹2.1 L Cr
Billionbrains Garage Ventures Ltd
Revenue growing
14/16
positive TTM year-on-year growth
Beating NIFTY 500
9/14
positive Mansfield relative strength
Comparing 5 of 16
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Indo Thai Securities Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
Monarch Networth Capital Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Indo Thai Securities LtdINDOTHAI 68.2/100Favorable setup82% evidence ASLEEP 32.5/35 Income 100% · PAT 100% 86% evidence 19.4/25 ROA 17.6% · ROE 28.7% · GNPA — 72% evidence 16.3/20 P/BV 1.86× · P/BV÷ROE 0.07 70% evidence 0.0/20 RS sector -84.7% · RS bench -84.3% · 1Y -74%0 of 12 weeks ahead 100% evidence
Exact sum: 32.5 + 19.4 + 16.3 + 0 = 68.2 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -84.7% and the one-year return is -74%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2Share India Securities LtdSHAREINDIA 68.2/100Favorable setup82% evidence BREAKING OUT 18.1/35 Income 14.7% · PAT 17.8% 86% evidence 16.1/25 ROA 7.1% · ROE 13% · GNPA — 72% evidence 14.7/20 P/BV 1.66× · P/BV÷ROE 0.13 70% evidence 19.3/20 RS sector 27.1% · RS bench 30.2% · 1Y 34.7%10 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 16.1 + 14.7 + 19.3 = 68.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Paisalo Digital LtdPAISALO 65.8/100Favorable setup100% evidence LEADER 23.6/35 Income 22.5% · PAT 22.4% 100% evidence 19.4/25 ROA 3.8% · ROE 14.4% · GNPA 0.7% 100% evidence 3.2/20 P/BV 4.27× · P/BV÷ROE 0.3 100% evidence 19.6/20 RS sector 78.2% · RS bench 81.4% · 1Y 143.5%12 of 12 weeks ahead 100% evidence
Exact sum: 23.6 + 19.4 + 3.2 + 19.6 = 65.8 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
4Monarch Networth Capital LtdMONARCH 65.1/100Favorable setup88% evidence LEADER 16.2/35 Income 7.3% · PAT 16.8% 86% evidence 19.5/25 ROA 11.5% · ROE 20.5% · GNPA — 72% evidence 13.3/20 P/BV 3.04× · P/BV÷ROE 0.15 100% evidence 16.1/20 RS sector 16.1% · RS bench 18.9% · 1Y 13.9%12 of 12 weeks ahead 100% evidence
Exact sum: 16.2 + 19.5 + 13.3 + 16.1 = 65.1 · Decision use: Price leads the evidence: RS versus the benchmark is 18.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
5Anand Rathi Share & Stock Brokers LtdARSSBL 55.5/100Mixed-positive evidence62% evidence ASLEEP 20.3/35 Income 16.9% · PAT 35.4% 86% evidence 13.4/25 ROA 1.8% · ROE 14% · GNPA — 72% evidence 11.8/20 P/BV 2.28× · P/BV÷ROE 0.16 70% evidence 10.0/20 RS sector — · RS bench — · 1Y 6.6%1 of 10 weeks ahead 0% evidence
Exact sum: 20.3 + 13.4 + 11.8 + 10 = 55.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Choice International LtdCHOICEIN 53.2/100Mixed-positive evidence61% evidence BREAKING OUT 24.6/35 Income 26.5% · PAT 40.2% 52% evidence 14.5/25 ROA — · ROE 16.1% · GNPA — 34% evidence 3.6/20 P/BV 10.13× · P/BV÷ROE 0.63 70% evidence 10.5/20 RS sector -1% · RS bench 1.6% · 1Y -3.5%11 of 12 weeks ahead 100% evidence
Exact sum: 24.6 + 14.5 + 3.6 + 10.5 = 53.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7SMC Global Securities LtdSMCGLOBAL 53.1/100Mixed-positive evidence86% evidence LEADER 13.1/35 Income 12.3% · PAT -11.3% 81% evidence 11.6/25 ROA 1.8% · ROE 8.1% · GNPA — 68% evidence 10.5/20 P/BV 1.38× · P/BV÷ROE 0.17 100% evidence 17.9/20 RS sector 16.7% · RS bench 19.8% · 1Y 26.3%12 of 12 weeks ahead 100% evidence
Exact sum: 13.1 + 11.6 + 10.5 + 17.9 = 53.1 · Decision use: Price leads the evidence: RS versus the benchmark is 19.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Angel One LtdANGELONE 50.6/100Mixed-positive evidence88% evidence ASLEEP 14.2/35 Income 9.1% · PAT 3.9% 86% evidence 16.6/25 ROA 3.8% · ROE 15.6% · GNPA — 72% evidence 8.2/20 P/BV 4.54× · P/BV÷ROE 0.29 100% evidence 11.6/20 RS sector 8.7% · RS bench 11.2% · 1Y 32.7%3 of 12 weeks ahead 100% evidence
Exact sum: 14.2 + 16.6 + 8.2 + 11.6 = 50.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Summit Securities LtdSUMMITSEC 47.9/100Mixed-negative evidence80% evidence BASING 29.1/35 Income 32.9% · PAT 41.2% 81% evidence 6.3/25 ROA 1.1% · ROE 1.1% · GNPA — 68% evidence 8.6/20 P/BV 0.18× · P/BV÷ROE 0.16 70% evidence 3.9/20 RS sector -20.5% · RS bench -18.3% · 1Y -36.9%0 of 12 weeks ahead 100% evidence
Exact sum: 29.1 + 6.3 + 8.6 + 3.9 = 47.9 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.5% and the one-year return is -36.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
10Meghna Infracon Infrastructure LtdMIIL 46.1/100Thin evidence · provisional55% evidence 15.6/35 Income 23.1% · PAT -51.4% 52% evidence 15.8/25 ROA — · ROE 21.9% · GNPA — 34% evidence 3.0/20 P/BV 53.65× · P/BV÷ROE 2.45 70% evidence 11.7/20 RS sector 2.9% · RS bench 8.7% · 1Y 20.4%9 of 12 weeks ahead 70% evidence
Exact sum: 15.6 + 15.8 + 3 + 11.7 = 46.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11IIFL Capital Services LtdIIFLCAPS 44.9/100Mixed-negative evidence67% evidence TURNING 11.7/35 Income 2.1% · PAT -19% 52% evidence 14.8/25 ROA — · ROE 16.2% · GNPA — 34% evidence 7.0/20 P/BV 3.45× · P/BV÷ROE 0.21 100% evidence 11.4/20 RS sector 3.3% · RS bench 5.9% · 1Y 13.4%5 of 12 weeks ahead 100% evidence
Exact sum: 11.7 + 14.8 + 7 + 11.4 = 44.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Geojit Financial Services LtdGEOJITFSL 40.9/100Mixed-negative evidence67% evidence LEADER 8.9/35 Income -5.5% · PAT -52.3% 52% evidence 10.8/25 ROA — · ROE 7.3% · GNPA — 34% evidence 7.2/20 P/BV 1.83× · P/BV÷ROE 0.25 100% evidence 14.0/20 RS sector 6.7% · RS bench 9.3% · 1Y 3.3%10 of 12 weeks ahead 100% evidence
Exact sum: 8.9 + 10.8 + 7.2 + 14 = 40.9 · Decision use: Price leads the evidence: RS versus the benchmark is 9.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
135paisa Capital Ltd5PAISA 32.5/100Adverse evidence86% evidence BREAKING OUT 8.5/35 Income -1.8% · PAT -26.7% 81% evidence 11.4/25 ROA 2.3% · ROE 7% · GNPA — 68% evidence 4.7/20 P/BV 2.37× · P/BV÷ROE 0.34 100% evidence 7.9/20 RS sector -3.3% · RS bench -0.9% · 1Y -10.7%10 of 12 weeks ahead 100% evidence
Exact sum: 8.5 + 11.4 + 4.7 + 7.9 = 32.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Arihant Capital Markets LtdARIHANTCAP 32.5/100Adverse evidence86% evidence BREAKING OUT 6.6/35 Income 3.6% · PAT -26.4% 81% evidence 11.9/25 ROA 2.8% · ROE 7.7% · GNPA — 68% evidence 6.8/20 P/BV 1.97× · P/BV÷ROE 0.26 100% evidence 7.2/20 RS sector -5.5% · RS bench -2.9% · 1Y -24.5%7 of 12 weeks ahead 100% evidence
Exact sum: 6.6 + 11.9 + 6.8 + 7.2 = 32.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Emkay Global Financial Services LtdEMKAY 24.7/100Adverse evidence80% evidence FADING 9.6/35 Income 21.3% · PAT -59.1% 81% evidence 5.9/25 ROA 0.9% · ROE 4.5% · GNPA — 68% evidence 4.1/20 P/BV 1.73× · P/BV÷ROE 0.38 100% evidence 5.1/20 RS sector -10.8% · RS bench -2.4% · 1Y 14%4 of 10 weeks ahead 70% evidence
Exact sum: 9.6 + 5.9 + 4.1 + 5.1 = 24.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Billionbrains Garage Ventures LtdGROWW 54.5/100Thin evidence · provisional41% evidence TURNING 24.4/35 Income 37.7% · PAT 30.9% 52% evidence 16.3/25 ROA — · ROE 28.8% · GNPA — 34% evidence 3.8/20 P/BV 12.99× · P/BV÷ROE 0.45 70% evidence 10.0/20 RS sector — · RS bench — · 1Y —2 of 12 weeks ahead 0% evidence
Exact sum: 24.4 + 16.3 + 3.8 + 10 = 54.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 16 companies
05 · what price has already done

Market action

Paisalo Digital Ltd has the strongest one-year price move in Finance - Capital Markets - Brokers at +143.5%. It also leads on Mansfield relative strength against NIFTY at +81.4%. 9 of 14 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-11.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Finance - Capital Markets - Brokers — the story behind the numbers

This is the written read behind the Finance - Capital Markets - Brokers figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 5 themes are live here. It also states what would change this read.

The Capital Markets - Brokers sector displays sharp divergence in Q4 FY26 performance. Angel One Ltd demonstrated resilience with PAT growth of 83.5% YoY to ₹3.2 Bn, driven by revenue diversification. In contrast, Summit Securities Ltd reported a net loss of ₹-23.24 Cr, marking a dramatic reversal from prior quarter profits.

How old this read is: This read comes from our Finance - Capital Markets - Brokers sector brief dated 28 Jul 2026 — 51 days old. The numbers above it are newer than the words here.

What is live in this sector right now

Live themeSeverityEvidence on file
US reciprocal tariff announcement triggered FII selling and risk-off selloff.Named for MONARCHmediumNo further detail is on file for this theme.
Upstreaming of client funds, SEBI case settlements, and compliance requirements impacted costs.Named for ANGELONE, MONARCH, SUMMITSECmedium“the impact of cost of upstreaming funds on the EBDAT is ₹ 70 million for the quarter. Finance cost has increased by ₹ 300 million.” Software updates to segregate funds; Settlement of proceedings.
Expanding technology infrastructure heightens risk of privacy breaches.Named for MONARCHmediumInformation Security Management System implemented.
SEBI case settled regarding stock brokers' rule violation.Named for MONARCHlowSettled without admitting findings.
New labour reforms provisioning and employee turnover.Named for ANGELONE, MONARCHlow“accounting for a onetime impact of the new labour reforms of ₹ 38.6 million for past service period up to September 2025.” One-time impact noted; Grievance redressal in place.

What would change this read

Market cash/derivative volumes rolling over (an FPI reversal out of BFSI) while SEBI/RBI fee cuts keep biting — sector ΣPAT then contracts off the volatility-fed peak and the 98th-percentile book multiple has nothing left to compound into, confirming the late-cycle valuation trap rather than a…

Sources: our Finance - Capital Markets - Brokers sector brief, 28 Jul 2026 · company earnings-call transcripts.

07 · compare level, then change

Income Scale & Growth Durability

Angel One Ltd has the highest Income among the 16 Finance - Capital Markets - Brokers companies compared here, at ₹5,426 crore. Billionbrains Garage Ventures Ltd is next at ₹5,241 crore. Indo Thai Securities Ltd has the highest Income growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Angel One Ltd is the scale leader at ₹5,426 crore, 3.5% ahead of Billionbrains Garage Ventures Ltd. Indo Thai Securities Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 217.1% from a ₹111 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAngel One Ltd · ₹5,426 crore
Gap3.5% versus #2 · Billionbrains Garage Ventures Ltd
Persistence5/8 recent comparable periods
Coverage16/16 companies · 247 observations

Investor read: Angel One Ltd is the scale benchmark; Indo Thai Securities Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Angel One Ltd's growth falls below Indo Thai Securities Ltd's for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.
Incomelargest
1Angel One Ltd ANGELONE₹5.4K Cr
3IIFL Capital Services Ltd IIFLCAPS₹2.4K Cr
4SMC Global Securities Ltd SMCGLOBAL⚠ unverified₹2.0K Cr
5Share India Securities Ltd SHAREINDIA₹1.6K Cr
Income growthfastest growers
3Summit Securities Ltd SUMMITSEC⚠ unverified33%
Income · company comparison
16/16 level · 16/16 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyIncomeIncome growthReported
Billionbrains Garage Ventures Ltd GROWW₹1.5K Cr66%Jun 2026
Angel One Ltd ANGELONE₹1.4K Cr25%Jun 2026
IIFL Capital Services Ltd IIFLCAPS₹631 Cr2.3%Jun 2026
SMC Global Securities Ltd SMCGLOBAL⚠ unverified₹515 Cr21%Jun 2026
Share India Securities Ltd SHAREINDIA₹448 Cr31%Jun 2026
Choice International Ltd CHOICEIN₹310 Cr32%Jun 2026
Paisalo Digital Ltd PAISALO₹260 Cr19%Jun 2026
Anand Rathi Share & Stock Brokers Ltd ARSSBL₹246 Cr22%Jun 2026
Geojit Financial Services Ltd GEOJITFSL₹160 Cr11%Jun 2026
Emkay Global Financial Services Ltd EMKAY⚠ unverified₹92 Cr26%Jun 2026
Monarch Networth Capital Ltd MONARCH₹91 Cr-7.1%Jun 2026
5paisa Capital Ltd 5PAISA⚠ unverified₹88 Cr13%Jun 2026
Arihant Capital Markets Ltd ARIHANTCAP⚠ unverified₹78 Cr53%Jun 2026
Summit Securities Ltd SUMMITSEC⚠ unverified₹41 Cr46%Jun 2026
Indo Thai Securities Ltd INDOTHAI₹21 Cr50%Jun 2026
Meghna Infracon Infrastructure Ltd MIIL₹8 Cr-19%Jun 2026
Full 20-quarter history · every available company

Income · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

5paisa Capital Ltd · 5PAISA⚠ unverified

₹84 Cr
₹91 Cr
₹85 Cr
₹97 Cr
₹100 Cr
₹113 Cr
₹102 Cr
₹101 Cr
₹85 Cr
₹71 Cr
₹78 Cr
₹77 Cr
₹79 Cr
₹85 Cr
₹88 Cr

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

₹211 Cr
₹231 Cr
₹204 Cr
₹200 Cr
₹201 Cr
₹227 Cr
₹248 Cr
₹256 Cr
₹246 Cr

Angel One Ltd · ANGELONE

₹538 Cr
₹607 Cr
₹677 Cr
₹687 Cr
₹746 Cr
₹749 Cr
₹826 Cr
₹808 Cr
₹1.0K Cr
₹1.1K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
₹1.3K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.3K Cr
₹1.5K Cr
₹1.4K Cr

Billionbrains Garage Ventures Ltd · GROWW

₹1.1K Cr
₹975 Cr
₹801 Cr
₹904 Cr
₹1.0K Cr
₹1.2K Cr
₹1.5K Cr
₹1.5K Cr

Choice International Ltd · CHOICEIN

₹96 Cr
₹137 Cr
₹138 Cr
₹191 Cr
₹207 Cr
₹215 Cr
₹201 Cr
₹247 Cr
₹209 Cr
₹253 Cr
₹235 Cr
₹274 Cr
₹303 Cr
₹307 Cr
₹310 Cr

Geojit Financial Services Ltd · GEOJITFSL

₹114 Cr
₹111 Cr
₹110 Cr
₹144 Cr
₹152 Cr
₹208 Cr
₹181 Cr
₹218 Cr
₹172 Cr
₹177 Cr
₹144 Cr
₹170 Cr
₹160 Cr
₹182 Cr
₹160 Cr

IIFL Capital Services Ltd · IIFLCAPS

₹342 Cr
₹402 Cr
₹409 Cr
₹507 Cr
₹559 Cr
₹686 Cr
₹640 Cr
₹645 Cr
₹583 Cr
₹537 Cr
₹617 Cr
₹572 Cr
₹586 Cr
₹644 Cr
₹631 Cr

Monarch Networth Capital Ltd · MONARCH

₹42 Cr
₹41 Cr
₹37 Cr
₹36 Cr
₹38 Cr
₹48 Cr
₹40 Cr
₹42 Cr
₹78 Cr
₹83 Cr
₹68 Cr
₹85 Cr
₹104 Cr
₹77 Cr
₹61 Cr
₹98 Cr
₹83 Cr
₹91 Cr
₹100 Cr
₹91 Cr

Paisalo Digital Ltd · PAISALO

₹99 Cr
₹101 Cr
₹100 Cr
₹113 Cr
₹120 Cr
₹122 Cr
₹118 Cr
₹136 Cr
₹145 Cr
₹183 Cr
₹195 Cr
₹187 Cr
₹187 Cr
₹204 Cr
₹194 Cr
₹219 Cr
₹224 Cr
₹240 Cr
₹261 Cr
₹260 Cr

Share India Securities Ltd · SHAREINDIA

₹218 Cr
₹203 Cr
₹295 Cr
₹233 Cr
₹243 Cr
₹277 Cr
₹341 Cr
₹277 Cr
₹366 Cr
₹374 Cr
₹465 Cr
₹414 Cr
₹453 Cr
₹342 Cr
₹239 Cr
₹341 Cr
₹341 Cr
₹372 Cr
₹416 Cr
₹448 Cr

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

₹318 Cr
₹304 Cr
₹311 Cr
₹389 Cr
₹428 Cr
₹509 Cr
₹448 Cr
₹451 Cr
₹455 Cr
₹421 Cr
₹425 Cr
₹440 Cr
₹495 Cr
₹517 Cr
₹515 Cr

Summit Securities Ltd · SUMMITSEC⚠ unverified

₹3 Cr
₹7 Cr
₹11 Cr
₹53 Cr
₹18 Cr
₹20 Cr
₹21 Cr
₹107 Cr
₹1 Cr
₹10 Cr
₹28 Cr
₹120 Cr
₹22 Cr
₹11 Cr
₹41 Cr

Income growth · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

5paisa Capital Ltd · 5PAISA⚠ unverified

19%
24%
20%
4.1%
-15%
-37%
-24%
-24%
-7.1%
20%
13%

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

-4.7%
-1.7%
22%
28%
22%

Angel One Ltd · ANGELONE

39%
23%
22%
18%
40%
41%
64%
74%
45%
19%
-22%
-19%
-21%
5.8%
38%
25%

Billionbrains Garage Ventures Ltd · GROWW

-9.4%
25%
88%
66%

Choice International Ltd · CHOICEIN

116%
57%
46%
29%
1.0%
18%
17%
11%
45%
21%
32%

Geojit Financial Services Ltd · GEOJITFSL

33%
87%
65%
51%
13%
-15%
-20%
-22%
-7.0%
2.8%
11%

IIFL Capital Services Ltd · IIFLCAPS

63%
71%
56%
27%
4.3%
-22%
-3.6%
-11%
0.5%
20%
2.3%

Monarch Networth Capital Ltd · MONARCH

2.9%
-9.5%
17%
8.1%
17%
105%
73%
70%
102%
33%
-7.2%
-10%
15%
-20%
18%
64%
-7.1%

Paisalo Digital Ltd · PAISALO

23%
21%
21%
18%
20%
21%
50%
65%
38%
29%
11%
-0.5%
17%
20%
18%
35%
19%

Share India Securities Ltd · SHAREINDIA

50%
11%
36%
16%
19%
51%
35%
36%
49%
24%
-8.6%
-49%
-18%
-25%
8.8%
74%
31%

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

35%
67%
44%
16%
6.3%
-17%
-5.1%
-2.4%
8.8%
23%
21%

Summit Securities Ltd · SUMMITSEC⚠ unverified

500%
186%
91%
102%
-94%
-50%
33%
12%
2,100%
10%
46%
08 · compare level, then change

Profit Scale & Acceleration

Billionbrains Garage Ventures Ltd has the highest Net profit among the 16 Finance - Capital Markets - Brokers companies compared here, at ₹2,439 crore. Angel One Ltd is next at ₹1,032 crore. Indo Thai Securities Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Billionbrains Garage Ventures Ltd leads with ₹2,439 crore of TTM profit, 136.3% above Angel One Ltd. Indo Thai Securities Ltd shows ≥100% on the scoring scale (466.7% uncapped) growth from a ₹68 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderBillionbrains Garage Ventures Ltd · ₹2,439 crore
Gap136.3% versus #2 · Angel One Ltd
Persistence3/4 recent comparable periods
Coverage16/16 companies · 247 observations

Investor read: Billionbrains Garage Ventures Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.
Net profitlargest
2Angel One Ltd ANGELONE₹1.0K Cr
3IIFL Capital Services Ltd IIFLCAPS₹572 Cr
4Share India Securities Ltd SHAREINDIA₹364 Cr
5Choice International Ltd CHOICEIN₹251 Cr
Profit growthfastest growers
2Summit Securities Ltd SUMMITSEC⚠ unverified41%
Net profit · company comparison
16/16 level · 16/16 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Billionbrains Garage Ventures Ltd GROWW₹735 Cr94%Jun 2026
Angel One Ltd ANGELONE₹231 Cr103%Jun 2026
IIFL Capital Services Ltd IIFLCAPS₹184 Cr4.6%Jun 2026
Share India Securities Ltd SHAREINDIA₹124 Cr48%Jun 2026
Choice International Ltd CHOICEIN₹61 Cr27%Jun 2026
Paisalo Digital Ltd PAISALO₹61 Cr30%Jun 2026
Monarch Networth Capital Ltd MONARCH₹45 Cr0.0%Jun 2026
SMC Global Securities Ltd SMCGLOBAL⚠ unverified₹37 Cr23%Jun 2026
Summit Securities Ltd SUMMITSEC⚠ unverified₹35 Cr75%Jun 2026
Anand Rathi Share & Stock Brokers Ltd ARSSBL₹23 Cr0.0%Jun 2026
Arihant Capital Markets Ltd ARIHANTCAP⚠ unverified₹21 Cr62%Jun 2026
Geojit Financial Services Ltd GEOJITFSL₹20 Cr-31%Jun 2026
5paisa Capital Ltd 5PAISA⚠ unverified₹12 Cr0.0%Jun 2026
Indo Thai Securities Ltd INDOTHAI₹11 Cr22%Jun 2026
Emkay Global Financial Services Ltd EMKAY⚠ unverified₹9 Cr91%Jun 2026
Meghna Infracon Infrastructure Ltd MIIL₹1 Cr-63%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

5paisa Capital Ltd · 5PAISA⚠ unverified

₹11 Cr
₹14 Cr
₹15 Cr
₹19 Cr
₹15 Cr
₹6 Cr
₹20 Cr
₹22 Cr
₹16 Cr
₹10 Cr
₹12 Cr
₹9 Cr
₹12 Cr
₹11 Cr
₹12 Cr

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

₹31 Cr
₹33 Cr
₹22 Cr
₹18 Cr
₹23 Cr
₹28 Cr
₹37 Cr
₹42 Cr
₹23 Cr

Angel One Ltd · ANGELONE

₹134 Cr
₹165 Cr
₹205 Cr
₹182 Cr
₹214 Cr
₹228 Cr
₹267 Cr
₹221 Cr
₹304 Cr
₹260 Cr
₹340 Cr
₹293 Cr
₹423 Cr
₹281 Cr
₹175 Cr
₹114 Cr
₹212 Cr
₹269 Cr
₹320 Cr
₹231 Cr

Billionbrains Garage Ventures Ltd · GROWW

₹420 Cr
₹757 Cr
₹309 Cr
₹378 Cr
₹471 Cr
₹547 Cr
₹686 Cr
₹735 Cr

Choice International Ltd · CHOICEIN

₹14 Cr
₹30 Cr
₹21 Cr
₹30 Cr
₹40 Cr
₹39 Cr
₹32 Cr
₹46 Cr
₹31 Cr
₹54 Cr
₹48 Cr
₹56 Cr
₹66 Cr
₹68 Cr
₹61 Cr

Geojit Financial Services Ltd · GEOJITFSL

₹25 Cr
₹30 Cr
₹22 Cr
₹37 Cr
₹38 Cr
₹52 Cr
₹46 Cr
₹57 Cr
₹37 Cr
₹32 Cr
₹29 Cr
₹23 Cr
₹14 Cr
₹17 Cr
₹20 Cr

IIFL Capital Services Ltd · IIFLCAPS

₹65 Cr
₹86 Cr
₹75 Cr
₹108 Cr
₹151 Cr
₹181 Cr
₹182 Cr
₹205 Cr
₹197 Cr
₹128 Cr
₹176 Cr
₹85 Cr
₹188 Cr
₹115 Cr
₹184 Cr

Monarch Networth Capital Ltd · MONARCH

₹14 Cr
₹15 Cr
₹12 Cr
₹12 Cr
₹12 Cr
₹14 Cr
₹4 Cr
₹17 Cr
₹37 Cr
₹39 Cr
₹31 Cr
₹40 Cr
₹44 Cr
₹41 Cr
₹25 Cr
₹45 Cr
₹45 Cr
₹45 Cr
₹46 Cr
₹45 Cr

Paisalo Digital Ltd · PAISALO

₹21 Cr
₹26 Cr
₹15 Cr
₹21 Cr
₹24 Cr
₹28 Cr
₹21 Cr
₹38 Cr
₹47 Cr
₹56 Cr
₹37 Cr
₹41 Cr
₹50 Cr
₹62 Cr
₹46 Cr
₹47 Cr
₹52 Cr
₹66 Cr
₹72 Cr
₹61 Cr

Share India Securities Ltd · SHAREINDIA

₹43 Cr
₹49 Cr
₹75 Cr
₹59 Cr
₹72 Cr
₹93 Cr
₹107 Cr
₹82 Cr
₹113 Cr
₹115 Cr
₹116 Cr
₹103 Cr
₹124 Cr
₹82 Cr
₹19 Cr
₹84 Cr
₹93 Cr
₹89 Cr
₹58 Cr
₹124 Cr

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

₹32 Cr
₹22 Cr
₹30 Cr
₹40 Cr
₹52 Cr
₹66 Cr
₹53 Cr
₹46 Cr
₹44 Cr
₹4 Cr
₹30 Cr
₹21 Cr
₹31 Cr
₹21 Cr
₹37 Cr

Summit Securities Ltd · SUMMITSEC⚠ unverified

₹4 Cr
₹5 Cr
₹8 Cr
₹38 Cr
₹15 Cr
₹14 Cr
₹3 Cr
₹75 Cr
₹-5 Cr
₹-5 Cr
₹20 Cr
₹91 Cr
₹17 Cr
₹-23 Cr
₹35 Cr

Profit growth · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

5paisa Capital Ltd · 5PAISA⚠ unverified

36%
-57%
33%
16%
6.7%
67%
-40%
-59%
-25%
10%
0.0%

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

-26%
-15%
68%
133%
0.0%

Angel One Ltd · ANGELONE

60%
38%
30%
21%
42%
14%
27%
33%
39%
8.1%
-49%
-61%
-50%
-4.3%
83%
103%

Billionbrains Garage Ventures Ltd · GROWW

12%
-28%
122%
94%

Choice International Ltd · CHOICEIN

186%
30%
52%
53%
-23%
38%
50%
22%
113%
26%
27%

Geojit Financial Services Ltd · GEOJITFSL

52%
73%
109%
54%
-2.6%
-38%
-37%
-60%
-62%
-47%
-31%

IIFL Capital Services Ltd · IIFLCAPS

132%
110%
143%
90%
30%
-29%
-3.3%
-59%
-4.6%
-10%
4.6%

Monarch Networth Capital Ltd · MONARCH

-14%
-14%
-6.7%
-67%
42%
208%
179%
675%
135%
19%
5.1%
-19%
13%
2.3%
9.8%
84%
0.0%

Paisalo Digital Ltd · PAISALO

24%
14%
7.7%
40%
81%
96%
100%
76%
7.9%
6.4%
11%
24%
15%
4.0%
6.5%
57%
30%

Share India Securities Ltd · SHAREINDIA

74%
67%
90%
43%
39%
57%
24%
8.4%
26%
9.7%
-29%
-84%
-18%
-25%
8.5%
205%
48%

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

63%
200%
77%
15%
-15%
-94%
-43%
-54%
-30%
425%
23%

Summit Securities Ltd · SUMMITSEC⚠ unverified

275%
180%
-63%
97%
-133%
-136%
567%
21%
75%
09 · compare level, then change

Funding Base & Its Composition

No company in this Finance - Capital Markets - Brokers comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Angel One Ltd is highest at ₹7,951 crore, across 16 of 16 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/16 companies · 0 observations

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.
Depositslargest deposit bases
Not enough comparable data
Borrowingslargest borrowings
1Angel One Ltd ANGELONE₹8.0K Cr
2Paisalo Digital Ltd PAISALO₹4.4K Cr
3SMC Global Securities Ltd SMCGLOBAL⚠ unverified₹2.0K Cr
4IIFL Capital Services Ltd IIFLCAPS₹1.8K Cr
5Choice International Ltd CHOICEIN₹908 Cr
Funding base · company comparison
0/16 level · 16/16 change
All-company data · latest reported quarter
CompanyDepositsBorrowingsReported
Billionbrains Garage Ventures Ltd GROWW₹292 CrJun 2026
Angel One Ltd ANGELONE₹8.0K CrJun 2026
Choice International Ltd CHOICEIN₹908 CrJun 2026
IIFL Capital Services Ltd IIFLCAPS₹1.8K CrJun 2026
Paisalo Digital Ltd PAISALO₹4.4K CrJun 2026
Share India Securities Ltd SHAREINDIA₹695 CrJun 2026
Anand Rathi Share & Stock Brokers Ltd ARSSBL₹855 CrJun 2026
Monarch Networth Capital Ltd MONARCH₹37 CrJun 2026
Geojit Financial Services Ltd GEOJITFSL₹123 CrJun 2026
SMC Global Securities Ltd SMCGLOBAL⚠ unverified₹2.0K CrJun 2026
Summit Securities Ltd SUMMITSEC⚠ unverified₹0 CrJun 2026
5paisa Capital Ltd 5PAISA⚠ unverified₹379 CrJun 2026
Meghna Infracon Infrastructure Ltd MIIL₹22 CrJun 2026
Arihant Capital Markets Ltd ARIHANTCAP⚠ unverified₹244 CrJun 2026
Emkay Global Financial Services Ltd EMKAY⚠ unverified₹110 CrJun 2026
Indo Thai Securities Ltd INDOTHAI₹24 CrJun 2026
Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

5paisa Capital Ltd · 5PAISA⚠ unverified

₹293 Cr
₹293 Cr
₹279 Cr
₹282 Cr
₹302 Cr
₹302 Cr
₹169 Cr
₹169 Cr
₹280 Cr
₹280 Cr
₹336 Cr
₹336 Cr
₹169 Cr
₹169 Cr
₹217 Cr
₹217 Cr
₹291 Cr
₹291 Cr
₹379 Cr
₹379 Cr

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

₹432 Cr
₹888 Cr
₹908 Cr
₹1.1K Cr
₹914 Cr
₹940 Cr
₹1.2K Cr
₹1.2K Cr
₹840 Cr
₹855 Cr

Angel One Ltd · ANGELONE

₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
₹3.0K Cr
₹788 Cr
₹787 Cr
₹1.6K Cr
₹1.7K Cr
₹2.5K Cr
₹2.5K Cr
₹3.1K Cr
₹3.1K Cr
₹3.4K Cr
₹3.4K Cr
₹4.5K Cr
₹4.5K Cr
₹8.0K Cr
₹8.0K Cr

Billionbrains Garage Ventures Ltd · GROWW

₹0 Cr
₹75 Cr
₹91 Cr
₹610 Cr
₹367 Cr
₹292 Cr

Choice International Ltd · CHOICEIN

₹219 Cr
₹206 Cr
₹455 Cr
₹679 Cr
₹488 Cr
₹908 Cr

Geojit Financial Services Ltd · GEOJITFSL

₹79 Cr
₹114 Cr
₹398 Cr
₹156 Cr
₹131 Cr
₹123 Cr

IIFL Capital Services Ltd · IIFLCAPS

₹607 Cr
₹486 Cr
₹1.2K Cr
₹937 Cr
₹1.7K Cr
₹1.8K Cr

Monarch Networth Capital Ltd · MONARCH

₹26 Cr
₹26 Cr
₹17 Cr
₹17 Cr
₹3 Cr
₹3 Cr
₹98 Cr
₹98 Cr
₹113 Cr
₹113 Cr
₹66 Cr
₹66 Cr
₹9 Cr
₹9 Cr
₹11 Cr
₹11 Cr
₹37 Cr

Paisalo Digital Ltd · PAISALO

₹1.4K Cr
₹1.4K Cr
₹1.7K Cr
₹1.7K Cr
₹1.8K Cr
₹1.8K Cr
₹2.1K Cr
₹2.1K Cr
₹2.2K Cr
₹2.2K Cr
₹2.7K Cr
₹2.7K Cr
₹2.8K Cr
₹2.8K Cr
₹3.6K Cr
₹3.6K Cr
₹3.8K Cr
₹3.8K Cr
₹4.4K Cr

Share India Securities Ltd · SHAREINDIA

₹137 Cr
₹137 Cr
₹199 Cr
₹199 Cr
₹370 Cr
₹370 Cr
₹202 Cr
₹226 Cr
₹629 Cr
₹629 Cr
₹403 Cr
₹427 Cr
₹389 Cr
₹389 Cr
₹513 Cr
₹535 Cr
₹548 Cr
₹574 Cr
₹695 Cr

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

₹310 Cr
₹310 Cr
₹497 Cr
₹571 Cr
₹944 Cr
₹1.0K Cr
₹1.2K Cr
₹1.2K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
₹1.6K Cr
₹1.7K Cr
₹1.7K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr

Summit Securities Ltd · SUMMITSEC⚠ unverified

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
10 · compare level, then change

Return On Assets

Indo Thai Securities Ltd has the highest ROA among the 16 Finance - Capital Markets - Brokers companies compared here, at 17.6%. Monarch Networth Capital Ltd is next at 11.5%. The same company also holds the highest ROA change, at +14.1 percentage points. 11 of 16 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Indo Thai Securities Ltd leads both roa at 17.6% and roa change at +14.1 percentage points.

LeaderIndo Thai Securities Ltd · 17.6%
Gap53% versus #2 · Monarch Networth Capital Ltd
Persistence3/6 recent comparable periods
Coverage11/16 companies · 77 observations

Investor read: Indo Thai Securities Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROAhighest
4Angel One Ltd ANGELONE3.8%
5Paisalo Digital Ltd PAISALO3.8%
ROA changefastest improvers
1Indo Thai Securities Ltd INDOTHAI+14.1 pp
2Summit Securities Ltd SUMMITSEC⚠ unverified+0.5 pp
3Paisalo Digital Ltd PAISALO0.0 pp
5SMC Global Securities Ltd SMCGLOBAL⚠ unverified−1.2 pp
Return on assets · company comparison
11/16 level · 11/16 change

Withheld from this chart: Billionbrains Garage Ventures Ltd (GROWW) — its two data sources disagree by up to 4% on reported income across 8 comparable periods, so its derived ratios are withheld; Choice International Ltd (CHOICEIN) — its two data sources disagree by up to 11% on reported income across 14 comparable periods, so its derived ratios are withheld; IIFL Capital Services Ltd (IIFLCAPS) — its two data sources disagree by up to 14% on reported income across 14 comparable periods, so its derived ratios are withheld; Geojit Financial Services Ltd (GEOJITFSL) — its two data sources disagree by up to 5.5% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROAROA changeReported
Indo Thai Securities Ltd INDOTHAI18%+14.1 ppJun 2026
Monarch Networth Capital Ltd MONARCH12%−0.6 ppJun 2026
Share India Securities Ltd SHAREINDIA7.1%−1.6 ppJun 2026
Angel One Ltd ANGELONE3.8%−3.1 ppJun 2026
Paisalo Digital Ltd PAISALO3.8%0.0 ppJun 2026
Arihant Capital Markets Ltd ARIHANTCAP⚠ unverified2.8%−4.7 ppJun 2026
5paisa Capital Ltd 5PAISA⚠ unverified2.3%−1.8 ppJun 2026
Anand Rathi Share & Stock Brokers Ltd ARSSBL1.8%−1.3 ppJun 2026
SMC Global Securities Ltd SMCGLOBAL⚠ unverified1.8%−1.2 ppJun 2026
Summit Securities Ltd SUMMITSEC⚠ unverified1.1%+0.5 ppJun 2026
Emkay Global Financial Services Ltd EMKAY⚠ unverified0.9%−3.7 ppJun 2026
Full 20-quarter history · every available company

ROA · reported quarter history

5paisa Capital Ltd · 5PAISA⚠ unverified

2.9%
2.7%
3.2%
4.1%
2.7%
2.3%

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

3.1%
1.8%
1.8%

Angel One Ltd · ANGELONE

8.1%
12%
9.4%
8.4%
8.9%
11%
7.1%
6.9%
4.3%
3.8%

Arihant Capital Markets Ltd · ARIHANTCAP⚠ unverified

4.9%
9.2%
8.5%
7.5%
4.8%
2.8%

Emkay Global Financial Services Ltd · EMKAY⚠ unverified

1.4%
3.0%
5.3%
4.6%
1.4%
0.9%

Indo Thai Securities Ltd · INDOTHAI

0.8%
-6.5%
-0.8%
12%
11%
3.5%
7.4%
18%

Monarch Networth Capital Ltd · MONARCH

8.5%
6.9%
4.4%
15%
12%
12%
13%
12%

Paisalo Digital Ltd · PAISALO

2.9%
2.9%
2.8%
3.7%
4.3%
4.2%
3.8%
3.7%
3.8%

Share India Securities Ltd · SHAREINDIA

14%
16%
18%
16%
15%
13%
8.7%
6.4%
7.1%

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

2.8%
4.0%
4.2%
3.0%
1.9%
1.8%

Summit Securities Ltd · SUMMITSEC⚠ unverified

0.6%
0.7%
0.8%
0.6%
0.8%
1.1%

ROA change · reported quarter history

5paisa Capital Ltd · 5PAISA⚠ unverified

+0.3 pp
+1.4 pp
−0.5 pp
−1.8 pp

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

−1.3 pp

Angel One Ltd · ANGELONE

+1.3 pp
−3.0 pp
−2.3 pp
−2.0 pp
−2.8 pp
−3.1 pp

Arihant Capital Markets Ltd · ARIHANTCAP⚠ unverified

+3.6 pp
−1.7 pp
−3.7 pp
−4.7 pp

Emkay Global Financial Services Ltd · EMKAY⚠ unverified

+3.9 pp
+1.6 pp
−3.9 pp
−3.7 pp

Indo Thai Securities Ltd · INDOTHAI

−1.6 pp
+18.0 pp
+12.1 pp
−8.0 pp
−3.9 pp
+14.1 pp

Monarch Networth Capital Ltd · MONARCH

−1.6 pp
+8.4 pp
+7.6 pp
−3.2 pp
+1.0 pp
−0.6 pp

Paisalo Digital Ltd · PAISALO

−0.1 pp
+0.8 pp
+1.5 pp
+0.5 pp
−0.5 pp
−0.5 pp
0.0 pp

Share India Securities Ltd · SHAREINDIA

+3.9 pp
−0.1 pp
−3.1 pp
−3.6 pp
−6.2 pp
−6.3 pp
−1.6 pp

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

+1.4 pp
−1.0 pp
−2.3 pp
−1.2 pp

Summit Securities Ltd · SUMMITSEC⚠ unverified

+0.2 pp
−0.1 pp
0.0 pp
+0.5 pp
11 · compare level, then change

ROE — Leaders & Improvers

Billionbrains Garage Ventures Ltd has the highest ROE among the 16 Finance - Capital Markets - Brokers companies compared here, at 28.8%. Indo Thai Securities Ltd is next at 28.7%. Indo Thai Securities Ltd has the highest ROE change at +48.9 percentage points, so level and change sit with different companies.

What the numbers say: Billionbrains Garage Ventures Ltd leads roe at 28.8%; Indo Thai Securities Ltd leads roe change at +48.9 percentage points.

LeaderBillionbrains Garage Ventures Ltd · 28.8%
Gap0.3% versus #2 · Indo Thai Securities Ltd
PersistenceNot enough history
Coverage16/16 companies · 193 observations

Investor read: Billionbrains Garage Ventures Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.
ROE changefastest improvers
1Indo Thai Securities Ltd INDOTHAI+48.9 pp
2Angel One Ltd ANGELONE+8.6 pp
3Summit Securities Ltd SUMMITSEC⚠ unverified+0.8 pp
45paisa Capital Ltd 5PAISA⚠ unverified0.0 pp
5Share India Securities Ltd SHAREINDIA−0.4 pp
Return on equity · company comparison
16/16 level · 11/16 change

Withheld from this chart: Billionbrains Garage Ventures Ltd (GROWW) — its two data sources disagree by up to 4% on reported income across 8 comparable periods, so its derived ratios are withheld; Choice International Ltd (CHOICEIN) — its two data sources disagree by up to 11% on reported income across 14 comparable periods, so its derived ratios are withheld; IIFL Capital Services Ltd (IIFLCAPS) — its two data sources disagree by up to 14% on reported income across 14 comparable periods, so its derived ratios are withheld; Geojit Financial Services Ltd (GEOJITFSL) — its two data sources disagree by up to 5.5% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROEROE changeReported
Indo Thai Securities Ltd INDOTHAI41%+48.9 ppJun 2026
Angel One Ltd ANGELONE21%+8.6 ppJun 2026
Monarch Networth Capital Ltd MONARCH21%−1.6 ppJun 2026
Paisalo Digital Ltd PAISALO16%−1.7 ppJun 2026
Share India Securities Ltd SHAREINDIA14%−0.4 ppJun 2026
Anand Rathi Share & Stock Brokers Ltd ARSSBL13%−6.5 ppJun 2026
SMC Global Securities Ltd SMCGLOBAL⚠ unverified9.8%−5.0 ppJun 2026
5paisa Capital Ltd 5PAISA⚠ unverified6.8%0.0 ppJun 2026
Emkay Global Financial Services Ltd EMKAY⚠ unverified5.7%−6.6 ppJun 2026
Summit Securities Ltd SUMMITSEC⚠ unverified0.6%+0.8 ppJun 2026
Arihant Capital Markets Ltd ARIHANTCAP⚠ unverified0.5%−7.7 ppJun 2026
Full 20-quarter history · every available company

ROE · reported quarter history

5paisa Capital Ltd · 5PAISA⚠ unverified

2.1%
0.8%
4.8%
7.9%
11%
10%
13%
13%
16%
12%
4.4%
15%
16%
11%
6.8%
7.7%
6.2%
7.9%
6.8%

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

31%
21%
19%
7.0%
12%
11%
13%

Angel One Ltd · ANGELONE

44%
50%
57%
46%
49%
41%
43%
41%
51%
39%
47%
39%
41%
21%
13%
8.1%
15%
18%
21%

Arihant Capital Markets Ltd · ARIHANTCAP⚠ unverified

26%
26%
24%
13%
21%
12%
3.1%
18%
22%
28%
33%
23%
23%
13%
8.2%
13%
13%
5.0%
0.5%

Emkay Global Financial Services Ltd · EMKAY⚠ unverified

24%
21%
42%
-9.8%
9.1%
12%
17%
-10%
-2.5%
18%
23%
19%
23%
40%
12%
12%
6.3%
0.6%
5.7%

Indo Thai Securities Ltd · INDOTHAI

24%
-2.1%
-1.0%
-38%
43%
-1.4%
-49%
20%
27%
32%
14%
27%
21%
4.0%
-7.5%
19%
29%
31%
41%

Monarch Networth Capital Ltd · MONARCH

50%
44%
41%
32%
30%
19%
21%
30%
59%
55%
39%
46%
33%
22%
13%
23%
22%
21%

Paisalo Digital Ltd · PAISALO

7.8%
9.7%
12%
6.2%
8.2%
9.0%
10%
7.2%
13%
16%
18%
11%
13%
15%
18%
13%
12%
13%
16%

Share India Securities Ltd · SHAREINDIA

49%
55%
56%
76%
52%
55%
63%
53%
32%
40%
37%
31%
23%
25%
15%
3.2%
14%
15%
14%

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

14%
20%
23%
26%
16%
13%
17%
21%
25%
19%
16%
15%
1.4%
9.8%
6.8%
9.8%

Summit Securities Ltd · SUMMITSEC⚠ unverified

0.3%
3.3%
0.1%
0.2%
1.1%
1.3%
0.3%
0.4%
0.7%
2.4%
0.8%
0.7%
0.1%
3.0%
-0.2%
-0.2%
0.8%
3.4%
0.6%

ROE change · reported quarter history

5paisa Capital Ltd · 5PAISA⚠ unverified

+8.5 pp
+9.3 pp
+8.0 pp
+4.7 pp
+5.2 pp
+2.0 pp
−8.4 pp
+2.3 pp
−0.1 pp
−0.9 pp
+2.4 pp
−7.2 pp
−9.5 pp
−3.3 pp
0.0 pp

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

−18.6 pp
−9.2 pp
−6.5 pp

Angel One Ltd · ANGELONE

+5.1 pp
−9.2 pp
−13.7 pp
−4.9 pp
+1.8 pp
−2.6 pp
+3.7 pp
−2.4 pp
−10.3 pp
−17.3 pp
−33.9 pp
−30.4 pp
−25.9 pp
−2.9 pp
+8.6 pp

Arihant Capital Markets Ltd · ARIHANTCAP⚠ unverified

−4.8 pp
−14.1 pp
−20.7 pp
+5.0 pp
+0.9 pp
+16.6 pp
+29.7 pp
+5.3 pp
+1.1 pp
−14.8 pp
−24.6 pp
−10.1 pp
−9.9 pp
−8.3 pp
−7.7 pp

Emkay Global Financial Services Ltd · EMKAY⚠ unverified

−14.4 pp
−9.3 pp
−25.0 pp
−0.4 pp
−11.6 pp
+5.4 pp
+5.7 pp
+28.7 pp
+25.5 pp
+22.4 pp
−10.3 pp
−6.9 pp
−16.7 pp
−39.3 pp
−6.6 pp

Indo Thai Securities Ltd · INDOTHAI

+19.0 pp
+0.7 pp
−47.5 pp
+58.4 pp
−15.9 pp
+33.2 pp
+62.6 pp
+6.4 pp
−5.4 pp
−27.8 pp
−21.6 pp
−7.7 pp
+7.4 pp
+27.1 pp
+48.9 pp

Monarch Networth Capital Ltd · MONARCH

−20.5 pp
−21.6 pp
−10.7 pp
+0.6 pp
+36.4 pp
+18.3 pp
+16.1 pp
−25.9 pp
−33.1 pp
−26.1 pp
−23.6 pp
−11.2 pp
−1.6 pp

Paisalo Digital Ltd · PAISALO

+0.4 pp
−0.7 pp
−1.5 pp
+1.0 pp
+5.0 pp
+6.8 pp
+8.1 pp
+4.2 pp
−0.7 pp
−1.3 pp
−0.5 pp
+1.1 pp
−0.2 pp
−1.6 pp
−1.7 pp

Share India Securities Ltd · SHAREINDIA

+2.9 pp
+0.5 pp
+6.7 pp
−22.3 pp
−19.4 pp
−15.2 pp
−25.7 pp
−22.4 pp
−8.9 pp
−15.4 pp
−22.9 pp
−27.7 pp
−9.0 pp
−9.3 pp
−0.4 pp

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

+2.5 pp
−3.1 pp
+6.5 pp
−0.6 pp
−6.2 pp
−23.9 pp
−9.6 pp
−9.2 pp
−5.0 pp

Summit Securities Ltd · SUMMITSEC⚠ unverified

+0.8 pp
−2.0 pp
+0.2 pp
+0.2 pp
−0.4 pp
+1.1 pp
+0.5 pp
+0.3 pp
−0.6 pp
+0.6 pp
−1.0 pp
−0.9 pp
+0.7 pp
+0.4 pp
+0.8 pp
12 · compare level, then change

Gross NPA — Leaders & Improvers

Paisalo Digital Ltd has the lowest Gross NPA among the 16 Finance - Capital Markets - Brokers companies compared here, at 0.7%. The same company also holds the lowest GNPA change, at -0.2 percentage points. 1 of 16 companies report a comparable reading, the latest through Jun 2026. Its Gross NPA series carries 5 reported observations across the 20-quarter window.

What the numbers say: Paisalo Digital Ltd leads both gross npa at 0.7% and gnpa change at -0.2 percentage points.

LeaderPaisalo Digital Ltd · 0.7%
GapNot enough peers
Persistence1/1 recent comparable periods
Coverage1/16 companies · 5 observations

Investor read: Paisalo Digital Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current gnpa change signal.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.
Gross NPAlowest
1Paisalo Digital Ltd PAISALO0.7%
GNPA changefastest improvers
1Paisalo Digital Ltd PAISALO−0.2 pp
Asset quality · company comparison
1/16 level · 1/16 change

Withheld from this chart: Billionbrains Garage Ventures Ltd (GROWW) — its two data sources disagree by up to 4% on reported income across 8 comparable periods, so its derived ratios are withheld; Choice International Ltd (CHOICEIN) — its two data sources disagree by up to 11% on reported income across 14 comparable periods, so its derived ratios are withheld; IIFL Capital Services Ltd (IIFLCAPS) — its two data sources disagree by up to 14% on reported income across 14 comparable periods, so its derived ratios are withheld; Geojit Financial Services Ltd (GEOJITFSL) — its two data sources disagree by up to 5.5% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyGross NPAGNPA changeReported
Paisalo Digital Ltd PAISALO0.7%−0.2 ppJun 2026
Full 20-quarter history · every available company

Gross NPA · reported quarter history

Paisalo Digital Ltd · PAISALO

0.3%
1.1%
0.8%
0.7%
0.7%

GNPA change · reported quarter history

Paisalo Digital Ltd · PAISALO

−0.2 pp
13 · compare level, then change

Valuation Against Growth & Quality

Indo Thai Securities Ltd has the lowest P/BV ÷ ROE among the 16 Finance - Capital Markets - Brokers companies compared here, at 0.07×. Share India Securities Ltd is next at 0.13×. Summit Securities Ltd has the lowest P/BV at 0.18×, so level and change sit with different companies.

What the numbers say: Indo Thai Securities Ltd has the lowest comparable P/BV ÷ ROE at 0.07×, 46.2% below Share India Securities Ltd. Only 16 of 16 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderIndo Thai Securities Ltd · 0.07×
Gap46.2% versus #2 · Share India Securities Ltd
Persistence0/8 recent comparable periods
Coverage16/16 companies · 179 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.
P/BV ÷ ROElowest return-adjusted price
5Summit Securities Ltd SUMMITSEC⚠ unverified0.2
P/BVlowest P/BV
1Summit Securities Ltd SUMMITSEC⚠ unverified0.2
2SMC Global Securities Ltd SMCGLOBAL⚠ unverified1.4
4Emkay Global Financial Services Ltd EMKAY⚠ unverified1.7
Valuation · company comparison
16/16 level · 16/16 change
All-company data · latest reported quarter
CompanyP/BV ÷ ROEP/BVReported
Arihant Capital Markets Ltd ARIHANTCAP⚠ unverified3.41.7Jun 2026
5paisa Capital Ltd 5PAISA⚠ unverified0.42.8Jun 2026
Indo Thai Securities Ltd INDOTHAI0.415.0Jun 2026
Emkay Global Financial Services Ltd EMKAY⚠ unverified0.32.3Jun 2026
Angel One Ltd ANGELONE0.25.0Jun 2026
Anand Rathi Share & Stock Brokers Ltd ARSSBL0.22.6Jun 2026
Summit Securities Ltd SUMMITSEC⚠ unverified0.20.2Jun 2026
Paisalo Digital Ltd PAISALO0.13.5Jun 2026
Monarch Networth Capital Ltd MONARCH0.12.7Jun 2026
SMC Global Securities Ltd SMCGLOBAL⚠ unverified0.11.2Jun 2026
Share India Securities Ltd SHAREINDIA0.11.1Jun 2026
Billionbrains Garage Ventures Ltd GROWW13.1Jun 2026
Choice International Ltd CHOICEIN9.7Jun 2026
IIFL Capital Services Ltd IIFLCAPS4.2Jun 2026
Geojit Financial Services Ltd GEOJITFSL1.9Jun 2026
Meghna Infracon Infrastructure Ltd MIIL58.2Jun 2026
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

5paisa Capital Ltd · 5PAISA⚠ unverified

2.3
5.1
0.7
0.4
0.3
0.3
0.3
0.4
0.3
0.4
1.2
0.3
0.2
0.3
0.5
0.4
0.4
0.3
0.4

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

0.3
0.2
0.2
0.2

Angel One Ltd · ANGELONE

0.2
0.2
0.1
0.1
0.1
0.2
0.2
0.2
0.2
0.3
0.2
0.2
0.1
0.2
0.4
0.4
0.3
0.2
0.2

Arihant Capital Markets Ltd · ARIHANTCAP⚠ unverified

0.1
0.2
0.2
0.2
0.1
0.2
0.6
0.2
0.1
0.1
0.1
0.2
0.1
0.1
0.3
0.2
0.2
0.3
3.4

Emkay Global Financial Services Ltd · EMKAY⚠ unverified

0.1
0.1
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.2
0.4
3.7
0.3

Indo Thai Securities Ltd · INDOTHAI

0.2
0.1
0.2
0.1
0.1
0.3
0.4
0.6
5.2
0.9
0.6
0.6
0.4

Monarch Networth Capital Ltd · MONARCH

0.1
0.1
0.1
0.2
0.2
0.2
0.2
0.2
0.1
0.1
0.2
0.2
0.1
0.2
0.5
0.1
0.1
0.1

Paisalo Digital Ltd · PAISALO

0.5
0.4
0.3
0.6
0.3
0.3
0.2
0.3
0.2
0.2
0.2
0.5
0.3
0.2
0.1
0.2
0.2
0.2
0.1

Share India Securities Ltd · SHAREINDIA

0.2
0.2
0.2
0.2
0.1
0.1
0.1
0.2
0.1
0.1
0.1
0.2
0.2
0.1
0.1
0.6
0.1
0.1
0.1

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

0.1
0.1
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
1.1
0.1
0.2
0.1

Summit Securities Ltd · SUMMITSEC⚠ unverified

0.7
0.0
1.0
0.5
0.1
0.1
0.3
0.5
0.3
0.1
0.3
0.6
3.0
0.1
0.3
0.1
0.2

P/BV · reported quarter history

Showing the 12 largest of 16 companies with a series here. The remaining 4 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

5paisa Capital Ltd · 5PAISA⚠ unverified

11.1
4.9
4.1
3.5
3.4
3.2
3.4
4.4
4.4
5.3
4.8
5.1
4.7
3.8
2.9
3.6
2.7
2.5
2.0
2.8

Anand Rathi Share & Stock Brokers Ltd · ARSSBL

2.2
3.0
2.0
2.6

Angel One Ltd · ANGELONE

9.1
7.5
10.2
6.2
6.0
5.8
6.1
6.6
7.1
11.2
9.8
10.0
7.0
4.9
4.0
4.7
3.4
3.9
3.7
5.0

Billionbrains Garage Ventures Ltd · GROWW

12.6
13.1

Choice International Ltd · CHOICEIN

3.4
5.8
6.1
7.8
8.8
8.5
10.2
13.4
14.7
12.4
11.2
22.2
15.6
13.8
11.7
9.7

Geojit Financial Services Ltd · GEOJITFSL

2.5
1.8
1.4
1.7
1.8
2.6
2.2
3.1
4.7
3.5
2.2
2.9
1.9
1.8
1.3
1.9

IIFL Capital Services Ltd · IIFLCAPS

2.5
1.5
1.3
1.6
2.0
2.9
2.5
4.8
5.9
4.7
3.0
6.0
3.4
3.6
2.9
4.2

Monarch Networth Capital Ltd · MONARCH

5.2
3.0
4.1
7.2
5.7
5.6
3.5
4.4
5.1
5.3
6.4
7.9
8.0
4.6
3.5
5.9
3.2
2.7
2.2
2.7

Paisalo Digital Ltd · PAISALO

4.1
3.4
3.5
3.8
2.7
3.1
2.3
2.2
2.5
3.3
4.4
5.5
4.1
3.3
2.1
2.1
2.2
1.9
1.9
3.5

Share India Securities Ltd · SHAREINDIA

7.4
9.7
10.9
12.7
7.1
7.0
7.7
9.5
4.2
5.0
4.3
4.8
3.6
3.0
1.6
2.0
1.2
1.5
1.1
1.1

SMC Global Securities Ltd · SMCGLOBAL⚠ unverified

1.1
1.0
1.0
1.1
1.0
0.9
0.9
0.8
0.9
1.1
1.3
1.5
1.5
1.2
0.9
1.5
1.2
1.5
1.0
1.2

Summit Securities Ltd · SUMMITSEC⚠ unverified

0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.2
0.2
0.2
0.4
0.3
0.3
0.2
0.2
0.2
0.2
0.1
0.2
14 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Finance - Capital Markets - Brokers comparison names 8 specific ways its own evidence can mislead, all listed below. All 16 companies here report on comparable dates, so no rank carries a stale marker. 5 draw at least one figure from a second feed with too little overlap to cross-check.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
  • 5 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • 4 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.
15 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 16 Finance - Capital Markets - Brokers companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-11.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-09-11 · weekly price and relative-strength history
Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing6 cross-checked · 6 unverified · 4 withheld, of 16 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

16 · questions investors ask, short speakable answers

Finance - Capital Markets - Brokers company comparison FAQs

These 24 answers restate the Finance - Capital Markets - Brokers comparison above in question form. Every one is computed from the same 16 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-11. Nothing here is estimated, and none of it is a recommendation.

Is the Finance - Capital Markets - Brokers sector outperforming NIFTY 500?

Finance - Capital Markets - Brokers has outperformed NIFTY 500 by 12.4% over 52 weeks and 0.8% over 13 weeks. 9 of 14 covered companies beat NIFTY on Mansfield relative strength, while 8 of 14 beat the sector itself.

Which Finance - Capital Markets - Brokers company is largest by income?

Angel One Ltd leads with income of ₹5,426 crore, based on 16 of 16 comparable companies through Jun 2026.

Which Finance - Capital Markets - Brokers company is growing fastest?

Indo Thai Securities Ltd has the fastest current income growth at 100%, across 16 of 16 comparable companies.

Which Finance - Capital Markets - Brokers company has the strongest 4-Factor Sector Score?

Indo Thai Securities Ltd ranks first at 68.2/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Finance - Capital Markets - Brokers company has the lowest comparable P/BV-to-ROE?

Indo Thai Securities Ltd has the lowest comparable P/BV ÷ ROE at 0.07, among 16 of 16 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Finance - Capital Markets - Brokers comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Is there a Nifty Finance - Capital Markets - Brokers index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Finance - Capital Markets - Brokers, this page builds its own equal-weight basket of 16 listed Finance - Capital Markets - Brokers companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Finance - Capital Markets - Brokers stocks in India?

Ranked by this page's four-factor score, Indo Thai Securities Ltd places first among 16 listed Finance - Capital Markets - Brokers companies, followed by Share India Securities Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Finance - Capital Markets - Brokers stocks are listed in India?

This comparison covers 16 listed Finance - Capital Markets - Brokers companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Finance - Capital Markets - Brokers company is the biggest?

Angel One Ltd is the largest, with trailing-twelve-month income of ₹5,426 crore, ahead of Billionbrains Garage Ventures Ltd at ₹5,241 crore. That covers 16 of 16 companies with comparable reporting through Jun 2026.

Which Finance - Capital Markets - Brokers company makes the most profit?

Billionbrains Garage Ventures Ltd earns the most, at ₹2,439 crore of trailing-twelve-month net profit, from 16 of 16 comparable companies. Indo Thai Securities Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.

Which Finance - Capital Markets - Brokers lender has the best asset quality?

Paisalo Digital Ltd reports the lowest gross NPA ratio at 0.7% — lower is better — across 1 of 16 lenders. Read the direction as well as the level: a rising NPA ratio off a low base can matter more than a high but falling one.

Which Finance - Capital Markets - Brokers company earns the highest return on capital?

Indo Thai Securities Ltd leads on return on assets at 17.6%, across 11 of 16 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Finance - Capital Markets - Brokers stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Indo Thai Securities Ltd screens cheapest at 0.07×. All 16 companies qualify for the ratio comparison. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Finance - Capital Markets - Brokers sector beating the market?

Finance - Capital Markets - Brokers has outperformed NIFTY 500 by 12.4% over the last 52 weeks and 0.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 9 of 14 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Finance - Capital Markets - Brokers stock has the strongest price momentum?

Paisalo Digital Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Finance - Capital Markets - Brokers company scores highest for research priority?

Indo Thai Securities Ltd scores 68.2 out of 100 with 82% evidence confidence, from 32.5 points on growth and earnings, 19.4 on capital efficiency, 16.3 on valuation and 0 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Finance - Capital Markets - Brokers companies does this comparison cover, and over what period?

It compares 16 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Finance - Capital Markets - Brokers sector?

The 16 Finance - Capital Markets - Brokers companies on this page carry ₹2,09,828 crore of combined market value. Billionbrains Garage Ventures Ltd is the largest at ₹1,25,622 crore, about 60% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-17.

What is the Finance - Capital Markets - Brokers sector's P/B ratio?

The median price-to-book ratio across the 16 Finance - Capital Markets - Brokers companies on this page is 2.4×, measured on the 16 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-09-17.

How is the Finance - Capital Markets - Brokers sector performing?

9 of the 14 covered Finance - Capital Markets - Brokers companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 12.4% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-17.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Not SEBI Registered !! Not Investment advice !!

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