Financial Products Distributor industry

5 companies · ₹48,616 cr · 2 with AI deep dives · Q2FY27 report

Exhibit 3Structure

₹48,616 cr

Anand Rathi Wealth Ltd is 75.9% of this industry by market cap. The top 5 are 100% and the top 10 are 100%.

mid 2micro 32 above ₹500 cr

Exhibit 5Coverage (5 of 5)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Company	Mcap	P/E	EV/EBITDA	ROCE	Margin	Rev YoY	Read
Anand Rathi Wealth Ltd	₹37,060 cr	81.6x	-	-	-	+15.7%	Unlock
Prudent Corporate Advisory Services Ltd	₹11,815 cr	47.4x	-	-	-	+18.3%

Anand Rathi Wealth Ltd

Mcap: ₹37,060 cr
P/E: 81.6x
EV/EBITDA: -
ROCE: -
Margin: -
Rev YoY: +15.7%

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Prudent Corporate Advisory Services Ltd

Mcap: ₹11,815 cr
P/E: 47.4x
EV/EBITDA: -
ROCE: -

Exhibit 6What managements said

from Capital Markets earnings calls · as of 2026-09-30

headwindDerivatives regulation (STT hike, RBI bank-guarantee and prop-funding norms, CAS) is cutting trading volumes7 managements

Seven managements, including brokers, exchanges and a prop trader, linked weaker F&O or futures activity to policy rather than to the market. The rules cited were the April 2026…

BSE (Q1FY27): “The STT combined with the RBI circular, appears to have impacted the market significantly…”

tailwind4 managements mixed9 managements

Exhibit 7Outlook

The outlook and what resolves next quarter

Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.

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AppendixThe other 0 companies

1-0

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