DOLATALGOFinancial Services

Dolat Algotech Limited

Stockbroking & Allied · ISIN INE966A01022 · BSE 505526 · NSE EQ · FV ₹1
Last price
₹68
+0.58%today
What this company does

Dolat Algotech Limited operates in Stockbroking & Allied, part of the Financial Services sector. It booked ₹140 cr of revenue in its latest quarter (Q1 FY27) and kept 38.3% of sales as profit.

In the report:
83out of 100
Equitytale Health Score
Fortress

Healthier than 83% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 54–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns79

How much profit it earns on the money it employs

Cash quality47

Whether reported profit actually arrives as cash

Valuation95

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 38% net margin
Sales up 27% vs last year
Profit up 39% vs last year
Promoters hold 74%
No promoter shares pledged
Strong 19% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in DOLATALGO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹68 +0.58%
latest close · 2026-09-17
1-year return
-28.8%
52-wk low ₹6152-wk high ₹109
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio5.5Low
LowAverageHigh
P/B ratio1.06Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.0%Strong
WeakFairStrong ▸15%
Return on capital29.6%Strong
WeakFairStrong
Net margin38.3%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.25Comfortable
LowModerateHigh ▸1
Current ratio1.68Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,194 cr
Book value
₹64
EPS
₹3.06
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
14.0%
Earnings yield
18.04%
P/S
2.13
Sales / share
₹31.9
Tax rate
26.5%
Face value
₹1
Shares
17.6 cr
Working capital
₹271 cr
Current assets
₹670 cr
Current liabilities
₹399 cr
Delivery %
56.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks underpricedMedium confidence
Median of 2 models ₹116 vs market price ₹68 — price is 41% below it
Safety cushion+41.4%(target ≥ +20%)
Models span ₹87₹144, midpoint ₹116
Model ₹116
Price ₹68
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹140 cr
Other Income₹45.1 L
Total Income₹141 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹3 cr
Finance Costs₹11 cr
Depreciation & Amortisation₹66.8 L
Other Expenses₹54 cr
Total Expenses₹68 cr
Profit before Tax₹73 cr
Tax Expense₹19 cr
Net Profit₹54 cr
Net margin on total income38.2%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹3 cr1.9%
Finance costs₹11 cr7.7%
Depreciation & amortisation₹66.8 L0.5%
Other expenses₹54 cr38.0%
Tax expense₹19 cr13.8%
Profit for the period₹54 cr38.2%
Total income ₹141 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue108 cr126 cr140 cr
Total income108 cr126 cr141 cr
Expenses54 cr61 cr68 cr
Profit before tax54 cr65 cr73 cr
Tax15 cr18 cr19 cr
Net profit (owners' share)39 cr47 cr54 cr
Net margin (owners' share, on revenue)36.0%37.1%38.3%
EPS (₹)2.212.653.06
YoY (latest quarter): total income +26.6% · net profit +38.7%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,536 cr
Shareholder equity
₹1,130 cr
parent shareholders
Total debt
₹284 cr
Cash
₹8 cr
Cash flow · H1 FY26
Operating
₹27 cr
Investing
₹-79.4 L
Financing
₹-7 cr
Peer comparison
Stockbroking & Allied · by market value
CompanyPriceMarket capP/E
Billionbrains Garage Ventures Limited₹187₹1.17 L cr39.4
Motilal Oswal Financial Services Limited₹989₹59,534 cr11.7
360 ONE WAM LIMITED₹1,061₹43,163 cr32.6
Nuvama Wealth Management Limited₹1,687₹30,803 cr25.1
Angel One Limited₹295₹26,949 cr29.0
IIFL Capital Services Limited₹337₹10,562 cr14.2
Share India Securities Limited₹218₹4,780 cr9.6
Anand Rathi Share and Stock Brokers Limited₹501₹3,155 cr33.7
Monarch Networth Capital Limited₹368₹2,917 cr16.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.15%
trailing 12 months
Dividend / share (TTM)
₹0.1
Last dividend
₹0.1
ex 4 Feb 2026
ActionDetailEx-date
Dividend₹0.1 / share4 Feb 2026
Dividend₹0.25 / share26 Nov 2024
Dividend₹0.1 / share9 Feb 2024
Dividend₹0.15 / share20 Nov 2023
Dividend₹0.25 / share23 May 2022
Dividend₹0.2 / share20 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
74.5%
FII / Foreign
0.1%
DII / Domestic
Retail / others
25.5%
Smart-money activity
Bulk / block deals
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE8.97 L @ ₹93.249 Apr 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE8.97 L @ ₹93.179 Apr 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE10.92 L @ ₹81.2731 Jan 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements for the year ended 31st March, 2025 together with the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
26.65 L votes for, 221 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements for the year ended 31st March, 2025 together with the Reports of Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
26.64 L votes for, 1,221 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Shailesh D. Shah (DIN 00005041), who retires by rotation and, being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
26.65 L votes for, 454 against · 0% of mutual funds and other big investors said no
4
Appointment of DM and Associates Company Secretaries LLP, Company Secretaries as the Secretarial Auditor of the Company
Backed by 100% of shareholders other than promotersneeded 50%
26.63 L votes for, 1,725 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 24 named members
owning 74.5% between them · as of 2026-06-30
DOLAT CAPITAL MARKET PVT. LTD.41.39%
PURVAG COMMODITIES AND DERIVATIVES PVT. LTD.9.41%
JIGAR COMMODITIES AND DERIVATIVES PVT LTD9.18%
SHAILESH SHAH SECURITIES PRIVATE LIMITED2.64%
HARENDRA D SHAH2.57%
PANKAJ D SHAH2.57%
RAJENDRA D SHAH2.57%
SHAILESH D SHAH2.57%
Business done with them
FY2025 · 8 of the group
The company paid ₹19,209 cr to companies in the promoter group last year — about 3625.1% of its ₹530 cr revenue and received ₹19,152 cr back from them.
NIRPAN SECURITIES PRIVATE LIMITED
Transfers Under Finance Agreements To Entity · Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 0.08% of the company
₹12,031 cr
company paid
NIRPAN SECURITIES PRIVATE LIMITED
Transfers Under Finance Agreements From Entity · Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 0.08% of the company
₹12,031 cr
company received
NIRSHILP COMMODITIES AND TRADING PRIVATE LIMITED
Transfers Under Finance Agreements From Entity · Interest Paid, Loan Borrowed and repaid
also owns 1.51% of the company
₹4,419 cr
company received
NIRSHILP COMMODITIES AND TRADING PRIVATE LIMITED
Transfers Under Finance Agreements To Entity · Interest Paid, Loan Borrowed and repaid
also owns 1.51% of the company
₹4,419 cr
company paid
DOLAT CAPITAL MARKET PVT LIMITED
Transfers Under Finance Agreements From Entity · Reimbursement of Electricity Charges paid/ Telephone charges paid, Rent Paid, Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 41.39% of the company
₹1,184 cr
company received
DOLAT CAPITAL MARKET PVT LIMITED
Transfers Under Finance Agreements To Entity · Reimbursement of Electricity Charges paid/ Telephone charges paid, Rent Paid, Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 41.39% of the company
₹1,184 cr
company paid
SHAILESH SHAH SECURITIES PRIVATE LIMITED
Transfers Under Finance Agreements To Entity · Loan Borrowed, Loan Repaid, Interest Paid
also owns 2.64% of the company
₹1,027 cr
company paid
SHAILESH SHAH SECURITIES PRIVATE LIMITED
Transfers Under Finance Agreements From Entity · Loan Borrowed, Loan Repaid, Interest Paid
also owns 2.64% of the company
₹1,015 cr
company received
JIGAR COMMODITIES & DERIVATIVES PRIVATE LIMITED
Transfers Under Finance Agreements From Entity · Interest Paid, Loan Borrowed and repaid
also owns 9.18% of the company
₹437 cr
company received
JIGAR COMMODITIES & DERIVATIVES PRIVATE LIMITED
Transfers Under Finance Agreements To Entity · Interest Paid, Loan Borrowed and repaid
also owns 9.18% of the company
₹437 cr
company paid
PURVAG COMMODITIES & DERIVATIVES PRIVATE LIMITED
Transfers Under Finance Agreements To Entity · Interest paid, Loan Borrowed and repaid
also owns 9.41% of the company
₹65 cr
company paid
PURVAG COMMODITIES & DERIVATIVES PRIVATE LIMITED
Transfers Under Finance Agreements From Entity · Interest paid, Loan Borrowed and repaid
also owns 9.41% of the company
₹65 cr
company received
NIRPAN SECURITIES PRIVATE LIMITED
Paid them for services · Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 0.08% of the company
₹22 cr
company paid
NIRPAN SECURITIES PRIVATE LIMITED
Other payments to them · Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 0.08% of the company
₹13 cr
company paid
NIRSHILP COMMODITIES AND TRADING PRIVATE LIMITED
Other payments to them · Interest Paid, Loan Borrowed and repaid
also owns 1.51% of the company
₹4 cr
company paid
SHAILESH SHAH SECURITIES PRIVATE LIMITED
Other payments to them · Loan Borrowed, Loan Repaid, Interest Paid
also owns 2.64% of the company
₹3 cr
company paid
PURVAG COMMODITIES & DERIVATIVES PRIVATE LIMITED
Other payments to them · Interest paid, Loan Borrowed and repaid
also owns 9.41% of the company
₹2 cr
company paid
JIGAR COMMODITIES & DERIVATIVES PRIVATE LIMITED
Other payments to them · Interest Paid, Loan Borrowed and repaid
also owns 9.18% of the company
₹2 cr
company paid
NIRPAN SECURITIES PRIVATE LIMITED
Contribution received from them · Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 0.08% of the company
₹1 cr
company received
DOLAT CAPITAL MARKET PVT LIMITED
Other payments to them · Reimbursement of Electricity Charges paid/ Telephone charges paid, Rent Paid, Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 41.39% of the company
₹37.1 L
company paid
DOLAT CAPITAL MARKET PVT LIMITED
Paid them for services · Reimbursement of Electricity Charges paid/ Telephone charges paid, Rent Paid, Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 41.39% of the company
₹36.3 L
company paid
Rajul S Shah
Other payments to them · Remuneration
₹27.6 L
company paid
DOLAT CAPITAL MARKET PVT LIMITED
Contribution made to them · Reimbursement of Electricity Charges paid/ Telephone charges paid, Rent Paid, Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 41.39% of the company
₹26.2 L
company paid
VAIBHAV PANKAJ SHAH
Other payments to them · Remuneration
₹24 L
company paid
DOLAT CAPITAL MARKET PVT LIMITED
Contribution received from them · Reimbursement of Electricity Charges paid/ Telephone charges paid, Rent Paid, Interest Paid, Loan Borrowed and repaid, brokerage paid
also owns 41.39% of the company
₹0.2 L
company received

The company also transacted with 7 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.