Stock Broker Stocks and Companies in India

The largest Stock Broker stocks in India by market value are Billionbrains Garage Ventures (₹1.3 lakh crore), Angel One (₹28,544 crore) and Choice International (₹16,618 crore), at prices of 4 Nov 2026.

• Billionbrains Garage Ventures: ₹207.23 | market value ₹1.3 lakh crore | P/BV 11.3
• Angel One: ₹312.10 | market value ₹28,544 crore | P/BV 4.3
• Choice International: ₹745.95 | market value ₹16,618 crore | P/BV 9.9
• IIFL Capital Services: ₹349.05 | market value ₹11,014 crore | P/BV 3.2
• Paisalo Digital: ₹77.36 | market value ₹7,273 crore | P/BV 3.6
• Share India Securities: ₹182.92 | market value ₹4,002 crore | P/BV 1.4
• Anand Rathi Share & Stock Brokers: ₹485.30 | market value ₹3,062 crore | P/BV 2.2
• Monarch Networth Capital: ₹350.80 | market value ₹2,782 crore | P/BV 2.6
• SMC Global Securities: ₹93.39 | market value ₹1,955 crore | P/BV 1.4
• Geojit Financial Services: ₹70.16 | market value ₹1,958 crore | P/BV 1.6

The other 6 Stock Broker companies are in the full list below.

Share price | market value | P/BV or P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

The largest 15 of 16 listed Indian Finance - Capital Markets - Brokers companies are named here; all 16 are ranked in the scorecard. This is the set of companies people mean when they search for a Nifty Finance - Capital Markets - Brokers index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one.

1. Billionbrains Garage Ventures Ltd₹1.2 lakh cr
2. Angel One Ltd₹25,800 cr
3. Choice International Ltd₹16,100 cr
4. IIFL Capital Services Ltd₹11,000 cr
5. Paisalo Digital Ltd₹7,390 cr
6. Share India Securities Ltd₹3,850 cr
7. Anand Rathi Share & Stock Brokers Ltd₹2,930 cr
8. Monarch Networth Capital Ltd₹2,790 cr
9. SMC Global Securities Ltd₹1,900 cr
10. Geojit Financial Services Ltd₹1,800 cr
11. 5paisa Capital Ltd₹1,520 cr
12. Meghna Infracon Infrastructure Ltd₹1,460 cr
13. Summit Securities Ltd₹1,460 cr
14. Arihant Capital Markets Ltd₹935 cr
15. Emkay Global Financial Services Ltd₹702 cr

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

16 Stock Broker companies in the Finance - Capital Markets - Brokers industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 16 are listed below, largest first. The largest is Billionbrains Garage Ventures (₹1.2 lakh crore) and the smallest with a market value is Indo Thai Securities.

Download all 16 Stock Broker companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 14% ahead of NIFTY 500. Earnings across its companies fell 11% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 28 weeks running.

3 of the 15 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 1 is 20% or more behind over a year while earnings grew 20% or more.

Ahead of NIFTY 500 on the three-month view for 28 weeks running; 8 of the 15 companies in the industry index above their 200-day average (1 fewer than four weeks earlier); 3 of those 15 pass the momentum test (2 fewer than four weeks earlier); earnings rising at 10 of the 15 that report earnings.

Participation is shrinking, 5 → 3 of 15 over four weeks, after being ahead of NIFTY 500. Price-only fade, 10 of 15 members have higher trailing twelve-month earnings than a year ago, so the fade is in the price, not in the earnings. The largest member is more than half the sector's market value and is moving the other way.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of 15 of its 16 companies (the 1 with too short a price record are ranked in the scorecard but cannot sit in this line). The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Finance - Capital Markets - Brokers has done better than the NIFTY 500 by 1.2% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.8%. Paisalo Digital Ltd is the strongest against the sector itself at +54.7%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 10.9 as of 30 October 2026 (consolidation, falling).

Finance - Capital Markets - Brokers has done better than the NIFTY 500 by 1.2% over 52 weeks, but is 3.8% behind over the last 13 weeks. 2 of 16 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (2 have no relative-strength reading yet), and 9 of the 11 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Share India Securities Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.

Ranked last: too little evidence (2 companies)

Under 60% of the evidence behind these scores is available, so they rank after every company above, whatever the score.

Paisalo Digital Ltd has the strongest one-year price move in Finance - Capital Markets - Brokers at +107.5%. It also leads on relative strength against the NIFTY, at +55.5%. 11 of 16 companies we track are ahead of the index on that measure (2 have no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Finance - Capital Markets - Brokers itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

Earnings are market-volume-linked, so this is fundamentally a high-beta expression of the market up-cycle, the aggregate profit is genuinely there, but it is riding a volatility-fed, cyclically-elevated quarter that should not be annualized. GROWW alone accounts for roughly 62% of the three-year profit gain, so the aggregate is far more concentrated than the 16-name roster suggests. In the week of 13 July 2026, 71.4% of 16 Finance - Capital Markets - Brokers companies were beating the Nifty 500, against 35.7% on 2 March 2026.

From our industry review of 19 July 2026. A newer review (10 October 2026) did not cover Finance - Capital Markets - Brokers, so this is the latest we have.

7 of 14 Finance - Capital Markets - Brokers companies held a results call for July to September 2026. SMC Global Securities guided: FY27-end NBFC AUM ₹1,125-1,150 crore.

From the results calls for July to September 2026.

Big funds, foreign and Indian, raised their stake by 0.6 points over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on plants is not a useful measure for a lender, so it is left out.

Big funds = foreign and Indian institutions, change in their share of ownership across 17 Finance - Capital Markets - Brokers companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Finance - Capital Markets - Brokers figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 28 Jul 2026, so the words are older than the numbers. 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: OLD: this read comes from our Finance - Capital Markets - Brokers sector brief dated 28 Jul 2026, about 3 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

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

Billionbrains Garage Ventures Ltd has the highest Income among the 16 Finance - Capital Markets - Brokers companies compared here, at ₹5,724 crore. Angel One Ltd is next at ₹5,651 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: Billionbrains Garage Ventures Ltd is the largest at ₹5,724 crore, 1.3% ahead of Angel One Ltd. Indo Thai Securities Ltd's growth is capped at 100% on the scoring scale; the full change over the last 12 months is 217.1% from a ₹111 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Billionbrains Garage Ventures Ltd is the size to compare against; Indo Thai Securities Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Billionbrains Garage Ventures 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.

Income · company comparison

Income · largest

Income growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Billionbrains Garage Ventures Ltd has the highest Net profit among the 16 Finance - Capital Markets - Brokers companies compared here, at ₹2,693 crore. Angel One Ltd is next at ₹1,155 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 earns the most, ₹2,693 crore of profit over the last 12 months, 133.2% above Angel One Ltd. Indo Thai Securities Ltd shows at least 100% on the scoring scale (466.7% in full) growth from a profit base of ₹68 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Billionbrains Garage Ventures Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

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 ₹7,632 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.

What this means: The current leader sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Funding base · company comparison

Deposits · largest deposit bases

Not enough comparable data.

Borrowings · largest borrowings

All-company data · latest reported quarter

Deposits is left out: no company here reports it on a comparable basis.

Deposit scale can lower funding risk, while rising wholesale borrowings can change cost and liquidity. Asset quality and margins decide whether the funding base creates value.

Billionbrains Garage Ventures Ltd has the highest ROA among the 16 Finance - Capital Markets - Brokers companies compared here, at 14.6%. Monarch Networth Capital Ltd is next at 11.5%. Anand Rathi Share & Stock Brokers Ltd has the highest ROA change at +1.4 percentage points, so level and change sit with different companies.

What the numbers say: Billionbrains Garage Ventures Ltd leads roa at 14.6%; Anand Rathi Share & Stock Brokers Ltd leads roa change at +1.4 percentage points.

What this means: Billionbrains Garage Ventures Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on assets · company comparison

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 29% on reported income across 15 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 15 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 16 comparable periods, so its derived ratios are withheld; Emkay Global Financial Services Ltd (EMKAY): its two data sources disagree by up to 15% on reported income across 15 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.

ROA · highest

ROA change · fastest improvers

All-company data · latest reported quarter

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%. Angel One Ltd has the highest ROE change at +7 percentage points, so level and change sit with different companies.

What the numbers say: Billionbrains Garage Ventures Ltd leads roe at 28.8%; Angel One Ltd leads roe change at +7 percentage points.

What this means: Billionbrains Garage Ventures Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on equity · company comparison

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 29% on reported income across 15 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 15 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 16 comparable periods, so its derived ratios are withheld; Emkay Global Financial Services Ltd (EMKAY): its two data sources disagree by up to 15% on reported income across 15 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.

ROE · highest

ROE change · fastest improvers

All-company data · latest reported quarter

No company in this Finance - Capital Markets - Brokers comparison reports a gross NPA figure this section can compare, so the Gross NPA rank is empty. On GNPA change, Paisalo Digital Ltd is lowest at −0.2 percentage points, across 1 of 16 companies with a usable reading.

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

What this means: The current leader sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Asset quality · company comparison

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 29% on reported income across 15 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 15 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 16 comparable periods, so its derived ratios are withheld; Emkay Global Financial Services Ltd (EMKAY): its two data sources disagree by up to 15% on reported income across 15 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.

Gross NPA · lowest

Not enough comparable data.

GNPA change · fastest improvers

All-company data · latest reported quarter

Indo Thai Securities Ltd has the lowest P/BV ÷ ROE among the 16 Finance - Capital Markets - Brokers companies compared here, at 0.05×. Share India Securities Ltd is next at 0.1×. Summit Securities Ltd has the lowest P/BV at 0.17×, so level and change sit with different companies.

What the numbers say: Indo Thai Securities Ltd has the lowest comparable P/BV ÷ ROE at 0.05×, 50% below Share India Securities Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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. A lower figure is better only if loan quality and returns stay strong; a low price against book value while bad loans are rising is not a good sign by itself.

Valuation · company comparison

P/BV ÷ ROE · lowest return-adjusted price

P/BV · lowest P/BV

All-company data · latest reported quarter

Finance - Capital Markets - Brokers companies show up on 5 of our India lists. The most are on the penny stocks list (4 companies).

This Finance - Capital Markets - Brokers comparison names 7 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 have second-source figures left out because the two sources disagree. 2 of the 7 ranked sections have fewer than three usable current readings.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROE can come from heavy borrowing. It is best read beside ROA and loan quality.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• 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 are missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
• Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.

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 Sep 2026 and market data through 30 October 2026.

5 of 16 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: 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 29% on reported income across 15 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 15 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 16 comparable periods, so its derived ratios are withheld; Emkay Global Financial Services Ltd (EMKAY): its two data sources disagree by up to 15% on reported income across 15 comparable periods, so its derived ratios are withheld.

These 23 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 Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.