Are Listed Brokerages Overvalued? Here's What Zerodha Model Implies

If Zerodha Broking Ltd. co-founder Nithin Kamath is asked to value rival brokerage businesses, he is unlikely to oblige? But his valuation model for Zerodha, if applied, will simply bring down the valuations of listed peers by a fourth."We value ourselves in the range of 10–15 times our earning (PAT)," Kamath had said. The discount broking service reported a profit-after-tax of Rs 2,907 crore for the fiscal ending March 2023.BQ Prime...