Rikhav Securities Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L99999MH1995PLC086635 Incorporated 21 March 1995 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 544340 Public Limited Company financial services
Data last updated
Market Cap
₹203 Cr
RIKHAV · BSE
Share Price
₹52.40
-1.00% today
Revenue
₹1,992 Cr
FY 2025-26 · +507.6% YoY
EBITDA
₹32.46 Cr
Margin 1.6%
Net Profit
₹18.84 Cr
FY 2025-26 · -20.1% YoY
P/E (TTM)
10.4x
P/B 0.8x
ROE
8.0%
ROCE 13.1%
Debt / Equity
0.02
Interest cover 17.0x

About Rikhav Securities Limited

Data last updated:

Rikhav Securities Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 21 March 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1995PLC086635. Its GSTIN is 27AADCR3067Q1ZS (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 544340.

The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹19.15 Cr. It was formerly known as Brijmihan Sagarmal Finance Limited. It is led by directors including Hitesh Himatlal Lakhani (Managing Director) and Rajendra Navalchand Shah (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Office No.922 – A 9th Floor P.J.Tower Dalal Street Mumbai, Maharashtra, India – 400001.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,991.55 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹18.84 Cr (net margin 0.9%) and EBITDA of ₹32.46 Cr (EBITDA margin 1.6%). The net worth stands at ₹245.47 Cr (up 8.4% YoY). Total assets are valued at ₹254.42 Cr (up 12.3% YoY).

The company is associated with 1 brand: Rikhav Securities. As per MCA filings, the company has open charges of ₹479.2 Cr and satisfied charges of ₹21 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company. The company has 6 deals on record (5 market trades, 1 ipo); the latest was in March 2026.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rikhav.net.

Company details

CIN L99999MH1995PLC086635
Registration Number 086635
Incorporation Date 21 March 1995
ROC Mumbai
Listing Status Listed - Listed on BSE (544340)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Rikhav Securities has one previous CIN (Corporate Identification Number): U99999MH1995PLC086635. The current CIN is L99999MH1995PLC086635, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L99999MH1995PLC086635Current
U99999MH1995PLC086635Previous

Contact details

Rikhav Securities Limited's registered office is in Mumbai, Maharashtra.

  • Registered Address
    Office No.922 – A 9th Floor P.J.Tower Dalal Street Mumbai, Maharashtra, India – 400001
  • Industry
    Financial Services, Brokerage & Trading Services
Comprehensive company report
Rikhav Securities Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Rikhav Securities operates one associated brand: Rikhav Securities. Each brand links to its own profile.

BrandDescriptionWebsite
Brokerage and consulting services are provided in the securities sector.rikhav.net

Business activity

The main business activity of Rikhav Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK7Financial Advisory, brokerage and Consultancy Services

To see the full business activity and turnover split of Rikhav Securities Limited, buy the company report.

Financials of Rikhav Securities Limited

FY 2025-26 filings available

Rikhav Securities Limited reported revenue of ₹1,991.55 Cr (up 507.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,992 Cr
+507.6% YoY
EBITDA
₹32.46 Cr
-8.1% YoY
Profit After Tax
₹18.84 Cr
-20.1% YoY
Net Worth
₹245 Cr
+8.4% YoY
Total Assets
₹254 Cr
+12.3% YoY
Total Debt
₹8.69 Cr
+7800.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue1,99232811149.4735.50
Revenue growth+507.6%+196.5%+123.4%+39.4%-
EBITDA32.4635.3254.8523.3818.33
EBITDA margin+1.6%+10.8%+49.6%+47.3%+51.6%
Profit before tax26.1028.0351.3824.6322.12
Net profit18.8423.5742.2319.1117.62
Net profit margin+1.0%+7.2%+38.2%+38.6%+49.6%
EPS (₹)4.956.1828.1712.7535.29
Balance sheet
Total assets25422717910591.17
Net worth24522713994.9675.86
Total debt8.690.1140.189.9415.06
Cash & bank23716013.647.3423.85
Net working capital244222(90.72)(66.13)(55.77)
Cash flow
Cash from operations65.32(185)109(8.87)(36.64)
Cash from investing(6.75)137(96.84)0.8076.27
Cash from financing2.5718.45(2.75)(8.44)(17.68)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue1,99232811053.5242.72
Revenue growth+507.4%+197.0%+106.2%+25.3%-
EBITDA32.6335.7055.0128.3525.09
EBITDA margin+1.6%+10.9%+49.8%+53.0%+58.7%
Profit before tax26.1828.2951.5424.3221.41
Net profit19.0023.9342.3920.2017.38
Net profit margin+1.0%+7.3%+38.4%+37.7%+40.7%
EPS (₹)4.976.2528.2813.4734.82
Balance sheet
Total assets25522717810480.84
Net worth24622713895.9375.75
Total debt8.690.1140.107.805.09
Cash & bank23716012.7770.7780.44
Net working capital243221(61.82)(0.76)1.77
Cash flow
Cash from operations65.47(184)105(31.00)2.21
Cash from investing(6.74)137(93.83)15.1338.13
Cash from financing2.4718.33(2.75)7.06(3.08)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue1,99232811149.4735.50
Revenue growth+507.6%+196.5%+123.4%+39.4%-
Other income0.170.120.075.067.48
Total expenses1,95929255.6826.0917.17
Employee cost14.9315.1316.988.755.10
EBITDA32.4635.3254.8523.3818.33
EBITDA margin+1.6%+10.8%+49.6%+47.3%+51.6%
Depreciation1.220.690.600.490.32
Interest5.316.722.943.323.37
Profit before tax26.1028.0351.3824.6322.12
Tax7.144.369.155.054.50
Net profit18.8423.5742.2319.1117.62
Net profit margin+1.0%+7.2%+38.2%+38.6%+49.6%
EPS (₹)4.956.1828.1712.7535.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital19.1519.1514.9814.984.99
Reserves & surplus22620712479.9870.87
Shareholders' funds (net worth)24522713994.9675.86
Minority interest0.000.000.000.000.00
Secured loans5.740.110.272.099.97
Unsecured loans2.950.0039.917.855.09
Total debt8.690.1140.189.9415.06
Total liabilities25422717910591.17
Assets
Gross block7.262.548.828.256.57
Net block6.852.252.052.080.89
Capital work in progress0.000.000.000.000.42
Investments0.130.1213197.6572.05
Inventories1041110.000.000.00
Sundry debtors16.0310.844.195.596.79
Cash & bank balances23716013.647.3423.85
Loans & advances30.513.236.323.373.12
Total current assets38828524.1516.3033.76
Total current liabilities14462.8811582.4389.53
Net working capital244222(90.72)(66.13)(55.77)
Total assets25422717910591.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash(16.14)13.034.1823.851.90
Net cash from operating activities65.32(185)109(8.87)(36.64)
Net cash from investing activities(6.75)137(96.84)0.8076.27
Net cash from financing activities2.5718.45(2.75)(8.44)(17.68)
Net change in cash61.14(29.17)9.46(16.51)21.95
Closing cash23716013.647.3423.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+507.6%+196.5%+123.4%+39.4%-
EBITDA growth-8.1%-35.6%+134.6%+27.6%-
PBT growth-6.9%-45.5%+108.6%+11.4%+9997.0%
Net income growth-20.1%-44.2%+121.0%+8.5%-
Revenue CAGR (3Y)+242.7%+109.8%---
EBITDA CAGR (3Y)+11.6%+24.4%---
Profitability & leverage
Net income margin+1.0%+7.2%+38.2%+39.6%+49.6%
Return on capital employed+13.1%+17.2%+38.2%+28.4%+28.0%
Return on net worth+8.0%+13.0%+36.2%+22.9%+23.2%
Debt / equity0.020.110.210.150.20
Long-term debt / equity0.010.000.000.000.00
Interest cover17.0019.415.4214.5018.71
Efficiency & per share
Fixed asset turnover406.4757.7312.967.366.54
Inventory turnover18.505.900.000.000.00
Debtors turnover148.2543.6322.628.816.33
EPS (₹)4.956.1828.1712.7535.29
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)64.0959.1492.4763.38151.90
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue1,99232811053.5242.72
Revenue growth+507.4%+197.0%+106.2%+25.3%-
Other income0.070.000.070.050.00
Total expenses1,95929255.3725.1717.63
Employee cost14.9115.0716.988.605.13
EBITDA32.6335.7055.0128.3525.09
EBITDA margin+1.6%+10.9%+49.8%+53.0%+58.7%
Depreciation1.210.690.600.480.31
Interest5.316.722.943.603.37
Profit before tax26.1828.2951.5424.3221.41
Tax7.144.369.154.124.03
Net profit19.0023.9342.3920.2017.38
Net profit margin+1.0%+7.3%+38.4%+37.7%+40.7%
EPS (₹)4.976.2528.2813.4734.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital19.1519.1514.9814.984.99
Reserves & surplus22620712380.9570.76
Shareholders' funds (net worth)24622713895.9375.75
Secured loans5.740.110.190.000.02
Unsecured loans2.950.0039.917.805.07
Total debt8.690.1140.107.805.09
Total liabilities25522717810480.84
Assets
Gross block11.235.758.788.226.53
Net block6.842.242.032.081.29
Capital work in progress0.000.000.000.000.00
Investments1.541.5413399.6673.59
Inventories1041110.000.000.00
Sundry debtors15.129.863.654.846.48
Cash & bank balances23716012.7770.7780.44
Loans & advances30.222.9336.635.374.66
Total current assets38728353.0580.9891.58
Total current liabilities14462.8311581.7489.81
Net working capital243221(61.82)(0.76)1.77
Total assets25522717810480.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash(16.31)12.774.3613.18(24.08)
Net cash from operating activities65.47(184)105(31.00)2.21
Net cash from investing activities(6.74)137(93.83)15.1338.13
Net cash from financing activities2.4718.33(2.75)7.06(3.08)
Net change in cash61.20(29.08)8.41(8.81)37.26
Closing cash23716012.7770.7780.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+507.4%+197.0%+106.2%+25.3%-
EBITDA growth-8.6%-35.1%+94.0%+13.0%-
PBT growth-7.5%-45.1%+111.9%+13.6%+9997.0%
Net income growth-20.6%-43.6%+109.9%+16.2%-
Revenue CAGR (3Y)+233.9%+97.3%---
EBITDA CAGR (3Y)+4.8%+12.5%---
Profitability & leverage
Net income margin+1.0%+7.3%+38.4%+37.7%+40.7%
Return on capital employed+13.1%+17.3%+38.6%+30.2%+30.7%
Return on net worth+8.1%+13.1%+36.2%+23.5%+23.0%
Debt / equity0.020.110.200.080.07
Long-term debt / equity0.010.000.000.00-0.38
Interest cover16.9019.195.4012.9213.60
Efficiency & per share
Fixed asset turnover234.5845.1312.997.266.54
Inventory turnover18.505.900.000.000.00
Debtors turnover159.4648.5426.029.466.59
EPS (₹)4.976.2528.2813.4734.82
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)64.1259.1592.3264.03151.68

To see the full year-wise statements and ratios of Rikhav Securities Limited, buy the company report.

Board of directors of Rikhav Securities Limited

Rikhav Securities has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Manish Lalitkumar JainDirector13 Jan 200620 Years 9 MonthsCurrent
Hitesh Himatlal LakhaniManaging Director14 Apr 200620 Years 6 MonthsCurrent
Monil Rajendra ShahDirector09 Oct 20215 Years 0 MonthsCurrent
Tarang Madanjit MehtaDirector16 Feb 20233 Years 8 MonthsCurrent
Bharti Hitesh LakhaniDirector06 Jul 20242 Years 3 MonthsCurrent
Rajendra Navalchand ShahWhole-Time Director28 Mar 20242 Years 6 MonthsCurrent

Charges & borrowings

Open charges
₹479.2 Cr
Satisfied charges
₹21 Cr
Breakdown by lending institutions
Axis Bank Limited₹316.00 Cr
Others₹93.00 Cr
Hdfc Bank Limited₹70.20 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Feb 2026101242823Others₹18 CrOpen
30 Sep 2025101173103Others₹5 CrOpen
17 May 2025101104145Axis Bank Limited₹10 CrOpen
26 Mar 2025101082462Axis Bank Limited₹1 CrOpen
02 Jan 2024100878127Hdfc Bank Limited₹19.5 LakhOpen

To see the full charge records of Rikhav Securities Limited, buy the company report.

Total charge records: 13 View all charges

Deals & funding

Rikhav Securities Limited has 6 deals on record (5 market trades, 1 ipo); the latest was in March 2026.

Total deals
6
Market trades
5
IPO
1

Deals on record (5 of 6)

WhenDealAmountParties
Mar 2026Market trade₹11.13 CrBuyer: 4 individuals
Seller: 4 individuals
Mar 2026Market trade₹2.04 CrBuyer: an individual
Seller: Vikram Navalchand Shah (Huf), an individual
Jan 2025Market trade₹10.03 CrBuyer: Neo Apex Venture LLP
Seller: Epitome Trading And Investments, Neo Apex Venture LLP
Jan 2025Market trade₹21.91 CrBuyer: Epitome Trading And Investments, Mansi Share and Stock Broking Private Limited , an individual
Jan 2025IPO₹88.82 CrInvestors: Saint Capital Fund, Rajasthan Global Securities Private Limited
Seller: 4 individuals

To see the full deal history of Rikhav Securities Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Rikhav Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Rikhav Securities has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AADCR3067Q1ZSMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Rikhav Securities Limited, buy the company report.

Recent activity

Rikhav Securities Limited has 18 board changes on record since 2006: 6 appointments and 12 cessations. The latest: Bharti Hitesh Lakhani was appointed as Director on 06 Jul 2024.

Filing
Rikhav Securities Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge with Hdfc Bank Limited of Rs. 70.00 Cr registered on 15 Oct 2020 with Charge ID 100385217 was modified on 21 Feb 2026.
Charges
A charge with Others amounted to Rs. 18.00 Cr with Charge ID 101242823 was registered on 18 Feb 2026.
Charges
A charge with Axis Bank Limited of Rs. 1.00 Cr registered on 26 Mar 2025 with Charge ID 101082462 was modified on 07 Nov 2025.
Charges
A charge with Axis Bank Limited of Rs. 60.00 Cr registered on 09 Nov 2022 with Charge ID 100653579 was modified on 07 Nov 2025.
Charges
A charge with Axis Bank Limited of Rs. 245.00 Cr registered on 25 Oct 2021 with Charge ID 100503831 was modified on 07 Nov 2025.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101173103 was registered on 30 Sep 2025.
AGM
Rikhav Securities Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 10.00 Cr with Charge ID 101104145 was registered on 17 May 2025.
Charges
A charge registered on 22 Mar 2024 via Charge ID 100901418 with Others was fully satisfied on 02 Apr 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.00 Cr with Charge ID 101082462 was registered on 26 Mar 2025.
Charges
A charge with Others of Rs. 30.00 Cr registered on 11 Oct 2023 with Charge ID 100814930 was modified on 29 Aug 2024.

30 earlier events are in the company report.

Frequently asked questions

Rikhav Securities is an active public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 21 March 1995 (31+ years old) and is registered under CIN L99999MH1995PLC086635. Listed on BSE: 544340.

Rikhav Securities reported revenue of ₹1,991.55 Cr for FY 2025-26 (up 507.6% YoY) based on consolidated financials.

Rikhav Securities has 6 current directors:

The latest financial statements of Rikhav Securities on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Rikhav Securities is 27AADCR3067Q1ZS, registered in Maharashtra.

The CIN (Corporate Identification Number) of Rikhav Securities is L99999MH1995PLC086635. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Rikhav Securities is a listed company as per MCA records. Its shares are listed on BSE (code: 544340).

Rikhav Securities has 4 court cases on record: 4 filed by the company.

Rikhav Securities was incorporated on 21 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.

Rikhav Securities has 6 deals on record (5 market trades, 1 ipo); the latest was in March 2026.