Rikhav Securities Ltd. – Company Report
1. Company Overview
Rikhav Securities Ltd., founded in 1995 and headquartered in Mumbai, is a diversified financial services provider engaged in equity broking, derivatives, IPO facilitation, depository, and market-making services. The company is registered with SEBI as a stockbroker and is affiliated with major exchanges including BSE, NSE, and MCX. Rikhav caters to retail, HNI, and institutional clients, offering modern digital platforms, comprehensive research-driven advisory, and a strong focus on compliance and operational excellence. The firm has grown into one of India’s professionally managed stock market participants, emphasizing blended innovation with strong Indian financial heritage.
Key Highlights
- Incorporated: 1995
- Headquarters: Mumbai, Maharashtra, India
- Employees: 100–500
- Certifications: SEBI-registered broker, BSE/NSE/MCX member
- Listed: NSE SME (IPO Jan 2025; code: 544340)
- Market Cap (Aug 2025): ₹245–279 crore
- Management: Hitesh Lakhani (Chairman & MD), supported by experienced directors and professionals
- Unique Strengths: Nearly debt-free, modern tech infrastructure, diverse business mix, client-centric research, market-making and IPO strengths
2. Products and Services
- Equity Broking & Trading: Cash, derivatives, and commodity trading via modern desktop, web, and mobile platforms for retail and HNI clients.
- IPO & Debt/Mutual Fund Distribution: End-to-end IPO application guidance, mutual fund distribution, and fixed income product access.
- Depository Services: CDSL/NSDL demat account management, digital KYC, and onboarding solutions.
- Arbitration & Market-Making: Arbitrage trading, liquidity enhancement, and price discovery in SME and broader markets.
- Advisory & Research: Portfolio management services, research-led investment strategies, and digital investment planning.
- Corporate/Institutional Solutions: Trade execution, settlement, and clearing services including self-clearing capabilities.
3. Recent News and Business Developments
- Resilience Post-IPO: FY2025 marked the first full year post-listing; Rikhav maintained operations amid SEBI-led reforms that impacted SME and midcap market volumes.
- Equity Reclassification Impact: Strategic shift to classify certain equity holdings as "stock-in-trade" led to a one-time fair valuation loss, lowering FY2025 net profit.
- Tech and Compliance Expansion: Continued focus on improving digital infrastructure and enhancing regulatory compliance systems.
- Successful IPO: Raised ₹88.82 crore in January 2025 to support technology upgrades and bolster working capital.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹327.8 crore |
| Net Profit (PAT) | ₹23.9 crore |
| Net Profit Margin | 7.5% |
| EPS | ₹6.2 |
| Dividend | Nil (No payout) |
| ROE | 13% |