While it accounts for 85% turnover in the equity cash segment, it is an undisputed leader in the derivatives division, driving the market volumes. In the last two years, a regulatory requirement that asked for setting aside 25% of annual profit to a settlement guarantee fund (SGF). Adjusting for this exception, return ratios have stayed strong over the last five years. In FY16, return on average assets (RoAA) and return on equity (RoE) stood at impressive levels of 10.7% and 18.8%, respectively. Although the total debt to equity ratio has hovered around 2 times since FY12, the IPO proceeds are likely to bring it down.

Source: Economic Times September 05, 2016 03:11 UTC