Zerodha’s Nithin Kamath pegs stock broking firm’s valuation at $3.6 billion

Online stockbroker Zerodha values itself at about Rs 30,000 crore, or about $3.6 billion. While the Bengaluru-headquartered company has never raised private capital, it makes public its valuation estimates for its employee stock option buyback programmes.

On September 26, Zerodha announced total revenue of Rs 6,875 crore for the financial year ended March 31, and a profit after tax (PAT) of Rs 2,900 crore. Taking to LinkedIn on Thursday, Nithin Kamath, co-founder and chief executive of Zerodha, said he values the company at 10 to 15 times of its PAT.