Saturday, April 29, 2006

Online Stock broking on way to becoming billion dollar business

Annual results of India Infoline have left me pleasantly surprised. The earnings reported have tripled from Rs.75 crores in last fiscal 2004-05 to a whopping Rs.218 crores in the current year ending March 31st 2006.

India Infoline’s CFO Ravi Krishnan, in an interview to CNBC-TV18 has stated that 2/3rd of the entire income comes from Brokerage business! This translates to almost Rs.150 crores from brokerage income for the year.

There are only 2 listed online stock broking companies in India, India Infoline & Indiabulls, this makes estimating the market size a little difficult. However, I would estimate India Infoline’s market share at around 7-8% of the total online stock broking business. This translates to a total market size of around Rs.2,000 crores ($450 m). I had in my previous post estimated the last year market size to be around 500 crores. This makes online stock broking business clearly the largest and fastest growing Internet business in India. This business should be crossing billion $ mark in the next 12-18 months.

ICICI Direct, HDFC Securities & Sharekhan are the leaders in this space.


Related links

http://markets.moneycontrol.com/stocks/cptmarket/pricechart.php?sc_did=II15

http://markets.moneycontrol.com/stocks/stock_market/coprannounce.php?sel_comp=II15

The details of the press release of India Infoline are available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements.

15 comments:

Maverick said...

With much-heightened interest of FIIs, FDIs, NRIs in the Indian stock market, there is a lot of potential. There will be hedge-funds trying to do large-volume transactions, and they will demand smaller rates. Good development still a long way to go!

Anonymous said...

I think that online B2B transactional business (likes of www.metaljunction.com etc) is more then the Stock broking business.

Anyways great post

SHAD AHMAD said...

thanx for the post...
i would like to give u a little detail about making money..it is just not the broking through which one can make money there are other way's also...

my id is compshad@yahoo.com

IF YOU ARE INTRESTED PLEASE CONTCT ME

ski capital services ltd said...

Much more is yet to happen in Indian Broking industry we are only 3-4 % population investing which is going to be 15-20 as in case of devloped countries,moreover enough wealth will be created in our markets for all participants

N Wadhwa
Director
SKI CAPITAL SERVICES LTD
www.skicapital.net

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