Dolat Algotech Limited (DOLATALGO)
₹61.00 +1.06% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Dolat Algotech's revenue was ₹140 Cr (+26.5% year on year, +11.4% on the previous quarter), and net profit ₹53.9 Cr (+38.1% year on year); the operating margin was 60.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹140 | +26.5% | +11.4% |
| Operating profit | ₹84.2 | +29.6% | +10.9% |
| Net profit | ₹53.9 | +38.1% | +14.6% |
| EPS (₹) | 3.06 | +38.5% | +15.5% |
| Operating margin | 60.0% | — | — |
DOLATALGO delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 54.36% of the DOLATALGO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 58.4%. That is close to its usual level. Turnover was only ₹75 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 49.0% · 66.2% · 59.8% · 57.2% · 54.4%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Dolat Algotech has issued a notice convening an Extraordinary General Meeting (EGM) on November 04, 2026, via Video Conferencing. Key agenda items include the appointment of M/s. Vijay Mehta & Co., Chartered Accountants, as Statutory Auditors for a 5-year term spanning FY27 to FY31. Additionally, the company seeks shareholder approval for appointing Mrs. Vijyatta Jaiswal as an Independent Director for a 5-year term starting November 01, 2026. The cut-off date for e-voting eligibility has been set for October 28, 2026.
- EGM scheduled for November 04, 2026, at 2:00 PM IST via Video Conferencing.
- Appointment of M/s. Vijay Mehta & Co. as Statutory Auditors for 5 consecutive years from FY 2026-27 to FY 2030-2031.
- Appointment of Mrs. Vijyatta Jaiswal as Independent Director for a 5-year term from November 01, 2026 to October 31, 2031.
- Voting cut-off date fixed as Wednesday, October 28, 2026.
Dolat Algotech Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was provided by the company's Registrar and Share Transfer Agent, Purva Sharegistry (India) Private Limited. It confirms that securities received for dematerialisation during the period were processed, confirmed or rejected, and mutilated/cancelled within prescribed timelines. This is a standard regulatory compliance filing with no impact on corporate earnings or operational business performance.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Pertains to the quarter ended September 30, 2026
- Issued by RTA Purva Sharegistry (India) Private Limited on October 1, 2026
- Filed with exchanges on October 10, 2026
Dolat Algotech's Board of Directors has approved the appointment of M/s. Vijay Mehta & Co., Chartered Accountants, as the company's Statutory Auditors for a 5-year term from FY 2026-27 to FY 2030-31, subject to shareholder approval. Additionally, the Board appointed Mrs. Vijyatta Jaiswal as an Independent Director for a 5-year tenure effective November 1, 2026. The appointments adhere to standard governance rotations and regulatory requirements, including stock exchange approvals for broker entities. Dolat Algotech, with a market capitalization of Rs 1,058 Cr, operates primarily in proprietary trading and algorithmic derivatives.
- Appointment of M/s. Vijay Mehta & Co. as Statutory Auditors for 5 consecutive years (FY 2026-27 to FY 2030-31)
- Appointment of Mrs. Vijyatta Jaiswal as Independent Director for a 5-year tenure from November 1, 2026, to October 31, 2031
- Audit firm brings over 44 years of professional standing since its founding in 1981
- Board meeting commenced at 4:30 PM and concluded at 5:15 PM on October 8, 2026
Dolat Algotech's Board of Directors has approved the appointment of M/s. Vijay Mehta & Co., Chartered Accountants, as the company's Statutory Auditors for a 5-year term from FY 2026-27 to FY 2030-31, subject to shareholder approval. Additionally, the Board appointed Mrs. Vijyatta Jaiswal as an Independent Director for a 5-year tenure effective November 1, 2026. The appointments adhere to standard governance rotations and regulatory requirements, including stock exchange approvals for broker entities. Dolat Algotech, with a market capitalization of Rs 1,058 Cr, operates primarily in proprietary trading and algorithmic derivatives.
- Appointment of M/s. Vijay Mehta & Co. as Statutory Auditors for 5 consecutive years (FY 2026-27 to FY 2030-31)
- Appointment of Mrs. Vijyatta Jaiswal as Independent Director for a 5-year tenure from November 1, 2026, to October 31, 2031
- Audit firm brings over 44 years of professional standing since its founding in 1981
- Board meeting commenced at 4:30 PM and concluded at 5:15 PM on October 8, 2026
Dolat Algotech announced that its Board of Directors approved the appointment of M/s. Vijay Mehta & Co. as Statutory Auditors for a 5-year term spanning FY 2026-27 to FY 2030-31, subject to shareholder approval. Additionally, the Board approved the appointment of Mrs. Vijyatta Jaiswal as an Independent Director for a 5-year term from November 1, 2026, to October 31, 2031, subject to approvals from members and stock exchanges where the company is registered as a broker. These appointments represent routine corporate governance and regulatory compliance updates without direct impact on current business operations or financial results.
- Appointment of M/s. Vijay Mehta & Co. as Statutory Auditors for 5 consecutive years (FY 2026-27 to FY 2030-31)
- Vijay Mehta & Co. has over 44 years of professional standing since its founding in 1981
- Appointment of Mrs. Vijyatta Jaiswal as Independent Director for a 5-year term effective November 1, 2026, to October 31, 2031
- Board meeting commenced at 4:30 p.m. and concluded at 5:15 p.m. on October 8, 2026
Dolat Algotech has submitted the voting results and scrutinizer report for its 45th Annual General Meeting held on September 29, 2026. All 7 ordinary resolutions were passed by shareholders with the requisite majority, including the adoption of FY26 financial statements, re-appointment of director Pankaj D. Shah, and remuneration revisions for related parties. Resolutions regarding remuneration increments for CFO Vaibhav Pankaj Shah and Rajul Shailesh Shah, as well as material related party transactions, received over 97.9% approval from voting members. Total shareholder turnout stood at 75.45% of outstanding shares for ordinary resolutions where promoters participated.
- All 7 resolutions passed with requisite majority at the 45th AGM held on September 29, 2026
- Overall voter participation was 75.45% (13,27,91,993 votes polled out of 17,60,00,000 shares) on standard resolutions
- Approval for remuneration increment of CFO Vaibhav Pankaj Shah passed with 97.96% votes in favor
- Approval for material related party transactions of the company passed with 99.87% votes in favor
- Total number of registered shareholders as of record date September 22, 2026 was 56,539
Dolat Algotech Limited has announced the cessation of M/s. V. J. Shah & Co, Chartered Accountants, as Statutory Auditors upon the conclusion of its 45th Annual General Meeting on September 29, 2026. The transition is purely statutory, following the completion of their second consecutive term under the provisions of the Companies Act, 2013. The company has a current market capitalization of ₹1,160 Cr and reported TTM revenue of ₹433 Cr. This administrative change carries no operational disruption or direct financial impact.
- M/s. V. J. Shah & Co completed their second consecutive term as Statutory Auditors.
- Cessation took effect on September 29, 2026, upon the conclusion of the 45th AGM.
- Change executed in compliance with statutory rotation requirements under the Companies Act, 2013.
Dolat Algotech Limited has announced the closure of its Register of Members and Share Transfer Books from September 23, 2026 to September 29, 2026 (both days inclusive). This closure is being undertaken for the purpose of conducting its 45th Annual General Meeting (AGM), scheduled for Tuesday, September 29, 2026. The announcement is a standard regulatory filing with no operational or financial impact.
- Book closure scheduled from September 23, 2026 to September 29, 2026 (both days inclusive)
- 45th Annual General Meeting to be held on Tuesday, September 29, 2026
- Intimation filed on September 05, 2026 under exchange listing norms
Dolat Algotech Limited has submitted its 45th Annual Report for FY26 and issued the notice for its Annual General Meeting scheduled for September 29, 2026. Key special resolutions include approval for remuneration caps of up to Rs 1.50 crore per annum for CFO Vaibhav P. Shah and Rs 1.20 crore per annum for Rajul S. Shah. Additionally, the company seeks member approval for multi-year material related party transaction limits, including borrowing and repayment facilities of up to Rs 15,000 crore per entity across eight promoter group entities.
- 45th Annual General Meeting convened for September 29, 2026 via Video Conferencing.
- Remuneration cap approval sought up to Rs 1.50 crore (Rs 150,00,000) per annum for CFO Vaibhav P. Shah.
- Remuneration cap approval sought up to Rs 1.20 crore (Rs 120,00,000) per annum for Rajul S. Shah.
- Shareholder approval sought for related-party borrowing and repayment limits up to Rs 15,000 crore each across group entities for FY27 to FY31.
Dolat Algotech has submitted its Annual Report and Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 along with the Notice for its 45th AGM scheduled for September 29, 2026. Key special business items include approval of material related party borrowing and repayment limits of up to Rs 15,000 crore each across 8 promoter/group entities for FY27 to FY31 to support algorithmic and derivative trading operations. The company is also seeking shareholder approval to increase the annual remuneration cap for CFO Vaibhav Pankaj Shah to Rs 1.50 crore and for Rajul Shailesh Shah to Rs 1.20 crore.
- 45th Annual General Meeting scheduled for September 29, 2026, via Video Conferencing.
- Shareholder approval sought for borrowing and repayment limits up to Rs 15,000 crore per related party across 8 group entities from FY27 to FY31.
- Proposed remuneration cap of up to Rs 1.50 crore per annum for CFO Vaibhav Pankaj Shah.
- Proposed remuneration cap of up to Rs 1.20 crore per annum for Rajul Shailesh Shah.
- Submission of Business Responsibility and Sustainability Report (BRSR) for FY26 pursuant to Regulation 34.
Dolat Algotech has submitted its 45th Annual Report for FY2025-26 and scheduled its Annual General Meeting (AGM) for September 29, 2026. Key special resolutions in the AGM notice include approval for remuneration increments for relatives of promoters holding offices of profit (up to Rs 1.50 crore p.a. for CFO Vaibhav P. Shah and Rs 1.20 crore p.a. for Rajul S. Shah). Additionally, shareholder approval is sought for multi-year material related-party borrowing and repayment limits of up to Rs 15,000 crore each across various group entities for FY27 to FY31.
- 45th Annual General Meeting scheduled on Tuesday, September 29, 2026, via VC/OAVM.
- Proposed remuneration cap of up to Rs 1.50 crore per annum for CFO Vaibhav Pankaj Shah.
- Proposed remuneration cap of up to Rs 1.20 crore per annum for Rajul Shailesh Shah.
- Material Related Party Transaction approvals sought for borrowing and repayment limits up to Rs 15,000 crore each per entity across 8 promoter-related entities for FY27-FY31.
Dolat Algotech Limited has scheduled its 45th Annual General Meeting for September 29, 2026, via Video Conferencing. Key agenda items include approving material related-party transactions (RPTs) involving borrowing and repayment limits of up to ₹15,000 crore each across several group entities for FY27 to FY31. The company is also seeking shareholder approval for annual remuneration caps of up to ₹1.50 crore for CFO Vaibhav Pankaj Shah and ₹1.20 crore for Rajul Shailesh Shah.
- 45th Annual General Meeting scheduled for September 29, 2026, at 4:00 PM IST via VC/OAVM.
- Proposed remuneration cap of up to ₹1.50 crore per annum for CFO Vaibhav Pankaj Shah (relative of MD).
- Proposed remuneration cap of up to ₹1.20 crore per annum for Rajul Shailesh Shah (relative of Non-Executive Director).
- Shareholder approval sought for borrowing/repayment limits up to ₹15,000 crore each with multiple related party entities for FY27–FY31.
Dolat Algotech Limited has received an admission letter dated August 25, 2026, from Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) granting it status as a Self Clearing Member in the Commodity Segment. The company will commence trading-cum-self-clearing operations upon final enablement from MCX and MCXCCL. This milestone enhances the company's proprietary trading capabilities in commodity derivatives, expanding beyond its core equity derivatives base (which contributed to TTM revenue of ₹433 Cr and TTM PAT of ₹145 Cr).
- Received MCXCCL admission letter dated August 25, 2026, for the Commodity Segment
- Admitted as a Self Clearing Member of the Exchange
- Trading-cum-self-clearing activities to start upon operational enablement from MCX/MCXCCL
- Expands proprietary algorithmic trading scope into exchange-traded commodity derivatives
Dolat Algotech reported a strong Q1 FY27 performance with consolidated revenue from operations rising 26.9% YoY to ₹140.40 Cr (₹1,403.98 Mn) compared to ₹110.60 Cr in Q1 FY26. Consolidated Net Profit grew 38.4% YoY to ₹53.86 Cr (₹538.64 Mn) versus ₹38.93 Cr in the prior-year period. Basic and diluted EPS improved to ₹3.06 for the quarter, up from ₹2.20 in Q1 FY26 and ₹2.65 in Q4 FY26. Standalone operating profit margin expanded to 71.91%, while debt-equity ratio remained healthy at 0.23x.
- Consolidated revenue from operations increased 26.9% YoY to ₹1,403.98 Mn (₹140.40 Cr).
- Consolidated PAT expanded 38.4% YoY and 15.1% QoQ to ₹538.64 Mn (₹53.86 Cr).
- Basic and diluted EPS grew to ₹3.06 from ₹2.20 in the year-ago quarter.
- Securities Transaction Tax (STT) expenses rose to ₹442.27 Mn reflecting elevated trading turnover.
- Standalone operating profit margin reached 71.91% with a net profit margin of 47.10%.
Dolat Algotech Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Purva Sharegistry (India) Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within prescribed timelines. The physical certificates were mutilated and cancelled, and the depositories' names were updated in the register of members. This is a standard procedural filing required by all listed companies and has no impact on business operations.
- Compliance certificate for the quarter ended June 30, 2026.
- Confirmation of dematerialization processing under Regulation 74(5) of SEBI.
- Registrar and Share Transfer Agent (RTA) identified as Purva Sharegistry (India) Private Limited.
- Confirmation that physical certificates were mutilated and cancelled after due verification.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 40.64% YoY to INR 529.90 Cr in FY25. Standalone revenue grew 38.74% to INR 423.81 Cr. The company reports no separate segments as it is primarily engaged in trading shares and securities.
Geographic Revenue Split
Not disclosed in available documents; operations are primarily focused on the Indian capital markets through the National Stock Exchange (NSE).
Profitability Margins
Consolidated Net Profit Margin was 40.77% in FY25 (INR 216.06 Cr PAT), compared to 41.87% in FY24 (INR 157.75 Cr PAT). Standalone PAT margin for FY25 was 50.83% (INR 215.44 Cr PAT).
EBITDA Margin
Core profitability, indicated by the inverse of the cost-to-income ratio, was 39.7% in 6MFY25, improving from 37.5% in FY24 and 36.2% in FY23.
Capital Expenditure
Not disclosed in absolute INR Cr; however, the company maintains significant investments in physical infrastructure and hardware for high-frequency trading (HFT).
Credit Rating & Borrowing
Rated by CRISIL Ratings; gearing remains low historically at 0.1x to 0.2x. Specific borrowing costs and interest rate percentages were not disclosed.
Operational Drivers
Raw Materials
Not applicable for financial services; capital is the primary resource with a consolidated group networth of INR 2,728 Cr as of September 30, 2024.
Key Suppliers
Not applicable; primary dependencies include stock exchanges (NSE) and technology vendors for HFT infrastructure.
Capacity Expansion
Not applicable in MT/MW; growth is driven by capital deployment and algo-trading model efficiency. Networth grew 7.5% from March 2024 to September 2024.
Manufacturing Efficiency
Cost-to-income ratio of 60.3% in 6MFY25, reflecting operational efficiency in proprietary trading desks.
Strategic Growth
Growth Strategy
Growth is achieved by capturing market inefficiencies using highly complex, in-house developed algo-trading models and expanding delta-hedged derivative strategies in the Futures & Options segment.
Products & Services
Proprietary trading in shares, securities, commodities, and financial products; risk-neutral delta-hedged derivatives trading (Futures & Options); equity arbitrage; and institutional broking.
Brand Portfolio
Dolat Algotech, Dolat Capital, Dolat Tradecorp.
Market Expansion
Not disclosed in available documents; growth is linked to the overall expansion of stock trading volumes in India.
Market Share & Ranking
The group is a pioneer in algo strategies with considerable market volume in the derivatives segment at the National Stock Exchange (NSE); specific ranking not disclosed.
External Factors
Industry Trends
The industry is seeing a shift towards larger digital and bank-based brokers for retail, while proprietary trading remains competitive with high barriers related to HFT infrastructure.
Competitive Landscape
Intense competition in proprietary trading requires significant ongoing investments in physical infrastructure and best-in-class trading systems.
Competitive Moat
Sustainable moat derived from 40+ years of promoter experience, an established track record in risk management, and proprietary algo-trading models.
Macro Economic Sensitivity
Sensitive to India's economic growth, international business environment policies, and geopolitical tensions affecting commodity prices.
Consumer Behavior
Not applicable as the business is primarily proprietary and does not cater to retail broking.
Geopolitical Risks
Geopolitical tensions and rising commodity prices are noted as factors that could adversely affect the capital market industry.
Regulatory & Governance
Industry Regulations
Excluding SEBI matters: Impacted by national fiscal policies and tax amendments from the Union Budget 2024-25.
Taxation Policy Impact
Impacted by increased tax rates for Long-Term Capital Gains (LTCG), Short-Term Capital Gains (STCG), and Securities Transaction Tax (STT) as per the Union Budget 2024-2025.
Risk Analysis
Key Uncertainties
High reliance on a single revenue stream (proprietary trading) and vulnerability to regulatory changes that could impact derivative volumes and profitability.
Geographic Concentration Risk
Operations are concentrated in India, specifically through the National Stock Exchange (NSE).
Third Party Dependencies
High dependency on the National Stock Exchange (NSE) for trading and clearing operations.
Technology Obsolescence Risk
Risk of lagging in HFT technology; requires continuous investment in hardware and algo-model accuracy to maintain competitiveness.
Credit & Counterparty Risk
Low exposure due to the proprietary nature of trading and the use of risk-neutral delta-hedged strategies.
