Anand Rathi Wealth Ltd

Anand Rathi Wealth Ltd

₹ 4,015 0.48%
18 Jun - 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
Inaugurated in 1994, Anand Rathi group is one of India’s leading full-service financial services firms covering the entire gamut of financial offerings ranging from Investment Banking to wealth management. The group has its footprints across India and employs more than 2500 professionals. [1]

  • Market Cap 16,800 Cr.
  • Current Price 4,015
  • High / Low 4,300 / 851
  • Stock P/E 74.7
  • Book Value 155
  • Dividend Yield 0.35 %
  • ROCE 50.7 %
  • ROE 40.3 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 30.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.3%
  • Company has been maintaining a healthy dividend payout of 30.6%

Cons

  • Stock is trading at 25.9 times its book value
  • Working capital days have increased from 115 days to 201 days

* 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
70 98 102 106 113 132 136 138 143 175 183 182 184
56 54 58 61 67 76 76 76 82 102 105 103 111
Operating Profit 14 43 43 44 46 56 60 62 61 73 77 80 73
OPM % 21% 45% 43% 42% 41% 42% 44% 45% 43% 42% 42% 44% 40%
7 1 2 3 2 2 2 2 4 3 6 5 13
Interest 1 1 0 0 1 1 1 1 1 1 2 2 2
Depreciation 4 4 4 4 3 4 4 4 4 5 5 5 5
Profit before tax 16 40 41 43 44 53 58 58 60 71 78 78 79
Tax % 38% 25% 26% 25% 21% 25% 25% 26% 28% 25% 26% 26% 28%
10 30 30 32 35 40 43 43 43 53 58 58 57
EPS in Rs 3.52 10.70 7.31 7.69 8.30 9.54 10.30 10.36 10.22 12.73 13.77 13.85 13.53
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
280 336 273 424 559 752
179 225 195 240 310 421
Operating Profit 102 110 78 184 249 331
OPM % 36% 33% 28% 43% 45% 44%
4 1 6 1 0 0
Interest 6 3 3 2 4 6
Depreciation 16 21 17 16 17 19
Profit before tax 83 87 64 168 228 306
Tax % 30% 29% 29% 24% 26% 26%
58 62 45 127 169 226
EPS in Rs 22.00 22.71 16.39 30.40 40.40 53.78
Dividend Payout % 0% 0% 31% 36% 30% 26%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 40%
TTM: 35%
Compounded Profit Growth
10 Years: %
5 Years: 31%
3 Years: 71%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 367%
Return on Equity
10 Years: %
5 Years: 39%
3 Years: 41%
Last Year: 40%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 13 14 14 21 21 21
Reserves 110 172 228 323 447 628
1 42 33 39 37 52
106 182 65 97 119 179
Total Liabilities 231 409 339 480 624 880
50 74 54 124 136 152
CWIP 32 65 69 0 0 1
Investments 75 103 104 104 106 112
75 166 111 253 383 614
Total Assets 231 409 339 480 624 880

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 14 10 15 13 11 14
Inventory Days
Days Payable
Cash Conversion Cycle 14 10 15 13 11 14
Working Capital Days -57 -34 -26 26 117 201
ROCE % 48% 25% 50% 51% 51%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
48.82% 48.82% 48.82% 48.74% 48.74% 48.74% 48.75% 48.69% 48.20% 48.02%
1.03% 1.02% 0.90% 0.84% 0.81% 1.71% 2.11% 1.84% 3.01% 4.86%
11.08% 10.02% 11.32% 11.41% 11.82% 9.99% 9.72% 10.26% 9.16% 8.78%
39.07% 40.14% 38.95% 39.01% 38.63% 39.56% 39.42% 39.21% 39.64% 38.35%
No. of Shareholders 57,93945,43741,96039,02836,83135,64335,82137,14144,36944,307

* 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.

Documents