B.N. Rathi SecuritiesBOM:523019 -1.09%75 Operating Margin % is 11.58% as of Mar. 2026, which is 15% above its 10-year median of 10.11. GuruFocus rates BOM:523019 with a GF Score™ of 75/100 and a GF Value™ of ₹24.37 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 664 Capital Markets companies, B.N. Rathi Securities ranks better than 54.37% on this metric.
B.N. Rathi Securities Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -1.4%.
The historical rank and industry rank for B.N. Rathi Securities's Operating Margin % or its related term are showing as below:
BOM:523019'
s Operating Margin % Range Over the Past 10 Years
Min: 0.41 Med: 10.11 Max: 19.48
Current: 12.76
BOM:523019's Operating Margin % is ranked better than 54.37% of 664
companies
in the Capital Markets industry
Industry Median: 6.955
vs BOM:523019: 12.76
B.N. Rathi Securities's 5-Year Average Operating Margin % Growth Rate was -1.40% per year.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
B.N. Rathi Securities Operating Margin % Related Terms
B.N. Rathi Securities Operating Margin % Historical Data
* Premium members only.
The historical data trend for B.N. Rathi Securities's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:523019 vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, B.N. Rathi Securities's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
B.N. Rathi Securities Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, B.N. Rathi Securities's Operating Margin % distribution charts can be found below:
* The bar in red indicates where B.N. Rathi Securities's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
B.N. Rathi Securities's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
B.N. Rathi Securities (BOM:523019) has a Operating Margin % of 11.58% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on B.N. Rathi Securities and its competitors. This is 15% above median its historical median of 10.11. Over the past decade, B.N. Rathi Securities' Operating Margin % has ranged from 0.41 to 19.48. According to the industry distribution chart, B.N. Rathi Securities ranks #303 out of 664 companies in the Capital Markets industry, placing it in the top 45.6%.
Is B.N. Rathi Securities' Operating Margin % too high?
B.N. Rathi Securities' current Operating Margin % of 11.58% is 15% above median its 10-year median of 10.11. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 19.48. The Capital Markets industry median Operating Margin % is 6.96. B.N. Rathi Securities' value of 11.58% is 66.5% above this industry median. Based on the distribution chart, B.N. Rathi Securities ranks #303 out of 664 companies in the Capital Markets industry, which is above the industry midpoint. Overall, B.N. Rathi Securities has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does B.N. Rathi Securities' Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, B.N. Rathi Securities ranks #303 out of 664 companies for Operating Margin %. This puts B.N. Rathi Securities in the upper half of its industry. The industry median Operating Margin % is 6.96. B.N. Rathi Securities' value of 11.58% is 66.5% above this benchmark. Historically, B.N. Rathi Securities' own Operating Margin % has ranged from 0.41 to 19.48 over the past decade. While the company's 10-year median is 10.11 vs. the industry median of 6.96, B.N. Rathi Securities has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. B.N. Rathi Securities's current Operating Margin % of 11.58% is 66.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on B.N. Rathi Securities and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B.N. Rathi Securities's current Operating Margin % is 11.58%, which is 15% above median its own 10-year median of 10.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B.N. Rathi Securities stock overvalued right now?
Based on GuruFocus' analysis, B.N. Rathi Securities (BOM:523019) is currently considered Possible Value Trap. The stock's GF Value™ is ₹24.37, compared to a current price of ₹16.40 — trading 32.7% below its estimated fair value. The current Operating Margin % is 11.58%, which is 15% above median its 10-year median of 10.11 and 66.5% above the Capital Markets industry median of 6.96. B.N. Rathi Securities' overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For B.N. Rathi Securities (BOM:523019), the current Operating Margin % is 11.58% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is B.N. Rathi Securities (BOM:523019) Overvalued in 2026?
Based on GuruFocus' analysis, B.N. Rathi Securities stock appears to be undervalued.
The current stock price of ₹16.40 is trading 32.7% below its estimated GF Value™ of ₹24.37.
GuruFocus considers B.N. Rathi Securities to be Possible Value Trap.
Key valuation signals for BOM:523019:
Operating Margin %: 11.58% (15% above median its 10-year median of 10.11)
GF Value™: ₹24.37 vs. price of ₹16.40 (32.7% below fair value)
Industry Position: 66.5% above the Capital Markets median (#303 of 664)
No single metric tells the full story. See the BOM:523019 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
B.N. Rathi Securities Ltd is an India-based stockbroking firm. Principally, it provides the integrated type of services, related to the financial market transactions. The company operates through Broking activities and Property development. In addition, it offers services such as internet trading in equities and derivatives, depository participants of Central Depository Services Limited, primary market services, mutual fund, and initial public offerings advisory services, as well as currency and commodity trading services. It derives a majority of the revenue from the broking operations.
75GF Score
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