Anand Rathi Wealth Ltd

Anand Rathi Wealth Ltd

₹ 3,113 0.16%
24 Oct - close price
About

Anand Rathi Wealth Ltd was incorporated on March 22, 1995. It is an AMFI registered mutual fund distributor and is one of the leading non-bank wealth solutions firms in India, being ranked amongst the top three non-bank mutual fund distributors in the country. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.[1]

Key Points

Part of Anand Rathi Group[1]
Anand Rathi Group, established in 1994 provides a range of Investment Services across asset classes, as well as Private Wealth, Institutional Equities, Investment Banking, Insurance Broking, and NBFC with a total AUM of 77,103 Crs as of FY25.[2]

  • Market Cap 25,848 Cr.
  • Current Price 3,113
  • High / Low 3,324 / 1,586
  • Stock P/E 75.3
  • Book Value 97.4
  • Dividend Yield 0.34 %
  • ROCE 56.3 %
  • ROE 45.3 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 37.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 42.6%
  • Company has been maintaining a healthy dividend payout of 31.5%
  • Company's working capital requirements have reduced from 143 days to 111 days

Cons

  • Stock is trading at 32.0 times its book value
  • Promoter holding has decreased over last 3 years: -6.02%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
136 138 143 175 183 182 184 238 242 237 222 274 297
76 76 82 102 105 103 111 139 138 130 131 146 160
Operating Profit 60 62 61 73 77 80 73 98 104 107 91 128 137
OPM % 44% 45% 43% 42% 42% 44% 40% 41% 43% 45% 41% 47% 46%
2 2 4 3 6 5 13 8 7 7 19 10 10
Interest 1 1 1 1 2 2 2 1 3 4 4 4 5
Depreciation 4 4 4 5 5 5 5 6 6 7 7 8 8
Profit before tax 58 58 60 71 78 78 79 99 102 104 99 126 134
Tax % 25% 26% 28% 25% 26% 26% 28% 26% 25% 26% 26% 26% 26%
43 43 43 53 58 58 57 73 76 77 74 94 100
EPS in Rs 5.15 5.18 5.11 6.36 6.89 6.92 6.76 8.83 9.17 9.28 8.85 11.28 11.97
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
280 336 273 424 559 752 980 1,030
179 225 195 240 310 421 539 567
Operating Profit 102 110 78 184 249 331 441 463
OPM % 36% 33% 28% 43% 45% 44% 45% 45%
4 1 6 1 0 0 1 47
Interest 6 3 3 2 4 6 12 16
Depreciation 16 21 17 16 17 19 25 30
Profit before tax 83 87 64 168 228 306 405 464
Tax % 30% 29% 29% 24% 26% 26% 26%
58 62 45 127 169 226 301 345
EPS in Rs 11.01 11.35 8.20 15.20 20.19 26.88 36.12 41.38
Dividend Payout % 0% 0% 31% 36% 30% 26% 39%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 32%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 37%
3 Years: 33%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 107%
1 Year: 56%
Return on Equity
10 Years: %
5 Years: 41%
3 Years: 43%
Last Year: 45%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 13 14 14 21 21 21 42 42
Reserves 110 172 228 323 447 628 632 767
1 42 33 39 37 52 79 82
106 182 65 97 119 179 208 230
Total Liabilities 231 409 339 480 624 880 961 1,120
50 74 54 124 136 152 188 190
CWIP 32 65 69 0 0 1 0 0
Investments 75 103 104 104 106 112 244 227
75 166 111 253 383 614 530 703
Total Assets 231 409 339 480 624 880 961 1,120

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
67 140 -18 146 84 278 244
-42 -152 74 -77 -42 -237 46
-14 28 -19 -46 -64 -72 -279
Net Cash Flow 11 17 37 22 -22 -32 11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 14 10 15 13 11 14 13
Inventory Days
Days Payable
Cash Conversion Cycle 14 10 15 13 11 14 13
Working Capital Days -58 -34 -26 26 117 202 111
ROCE % 48% 25% 50% 51% 51% 56%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
48.74% 48.74% 48.75% 48.69% 48.20% 48.02% 48.09% 47.99% 47.99% 47.29% 42.71% 42.71%
0.81% 1.71% 2.11% 1.84% 3.01% 4.86% 5.02% 5.32% 5.75% 4.85% 4.90% 5.56%
11.82% 9.99% 9.72% 10.26% 9.16% 8.78% 8.32% 7.96% 7.81% 7.21% 8.40% 8.73%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
38.63% 39.56% 39.42% 39.21% 39.64% 38.35% 38.56% 38.72% 38.45% 40.64% 43.98% 43.00%
No. of Shareholders 36,83135,64335,82137,14144,36944,30768,25654,18952,39254,93859,18674,121

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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