Angel One Ltd

Angel One Ltd

₹ 1,383 5.35%
05 Jun 4:01 p.m.
About

Angel One Ltd is a diversified financial services company and is primarily engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, depository services and distribution of mutual funds, lending as a NBFC and corporate agents if insurance companies.[1]

Key Points

Service Offerings
The company's financial products and service offerings include broking services, research services, investment advisory, margin trading facility, loan against shares, distribution of third party financial products and investor education.[1]

  • Market Cap 11,593 Cr.
  • Current Price 1,383
  • High / Low 1,674 / 999
  • Stock P/E 13.2
  • Book Value 253
  • Dividend Yield 2.88 %
  • ROCE 44.2 %
  • ROE 47.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is providing a good dividend yield of 3.02%.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 53.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 44.6%
  • Company has been maintaining a healthy dividend payout of 36.8%
  • Debtor days have improved from 67.0 to 45.6 days.

Cons

  • Promoter holding has decreased over last quarter: -5.20%
  • Contingent liabilities of Rs.3,523 Cr.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
189 236 307 303 404 459 523 592 674 665 713 745 820
138 180 197 197 261 291 332 360 381 413 427 423 438
Operating Profit 51 57 110 106 143 168 190 232 292 252 286 322 382
OPM % 27% 24% 36% 35% 35% 37% 36% 39% 43% 38% 40% 43% 47%
10 8 13 8 10 10 9 8 1 13 29 11 5
Interest 10 9 15 6 11 16 18 18 18 20 24 25 20
Depreciation 5 5 4 4 4 4 4 5 5 6 7 8 9
Profit before tax 46 51 104 105 139 158 177 218 270 239 284 300 359
Tax % 24% 25% 24% 30% 28% 25% 25% 25% 25% 25% 25% 24% 26%
Net Profit 35 38 79 73 100 118 132 162 202 178 212 227 265
EPS in Rs 4.87 5.30 9.68 8.96 12.19 14.31 16.04 19.60 24.41 21.47 25.46 27.20 31.72
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
368 361 738 752 735 1,280 2,272 2,985
303 383 502 559 555 830 1,359 1,700
Operating Profit 65 -23 237 193 180 450 913 1,285
OPM % 18% -6% 32% 26% 24% 35% 40% 43%
13 111 13 11 7 8 2 16
Interest 29 50 89 67 50 43 74 91
Depreciation 10 10 12 18 20 17 18 29
Profit before tax 40 28 149 119 117 398 823 1,181
Tax % 36% 26% 32% 35% 26% 27% 25% 25%
Net Profit 25 21 102 77 87 290 615 882
EPS in Rs 17.74 14.41 14.15 10.65 12.03 35.49 74.21 105.70
Dividend Payout % 32% 47% 96% 25% 22% 36% 37% 38%
Compounded Sales Growth
10 Years: %
5 Years: 32%
3 Years: 60%
TTM: 31%
Compounded Profit Growth
10 Years: %
5 Years: 54%
3 Years: 116%
TTM: 42%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -12%
Return on Equity
10 Years: %
5 Years: 39%
3 Years: 45%
Last Year: 48%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14 14 72 72 72 82 83 83
Reserves 288 298 378 432 497 1,020 1,463 2,031
305 698 1,065 866 488 1,171 1,258 787
322 531 757 799 1,103 2,509 4,375 4,521
Total Liabilities 929 1,541 2,272 2,169 2,159 4,782 7,178 7,423
93 95 97 116 108 100 138 174
CWIP 3 1 0 1 2 0 12 62
Investments 101 101 95 95 95 83 83 83
732 1,345 2,080 1,957 1,954 4,599 6,945 7,104
Total Assets 929 1,541 2,272 2,169 2,159 4,782 7,178 7,423

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-151 -269 -318 654 622 -1,166 552 716
-2 9 38 -9 -4 2 -39 -98
98 334 253 -308 -445 896 -163 -907
Net Cash Flow -55 74 -28 337 174 -268 350 -289

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 434 865 78 104 19 65 91 46
Inventory Days
Days Payable
Cash Conversion Cycle 434 865 78 104 19 65 91 46
Working Capital Days 137 352 207 -242 -386 -237 -575 -477
ROCE % 10% 19% 13% 14% 27% 35% 44%

Shareholding Pattern

Numbers in percentages

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
44.56 44.56 44.55 44.26 43.77 43.68 44.00 43.83 43.71 43.68 38.48
4.32 4.74 5.01 4.70 4.66 5.44 8.96 10.54 11.27 17.25 16.61
8.72 12.45 11.97 9.28 8.17 8.57 10.33 8.92 9.71 9.27 9.73
42.40 38.24 38.47 41.76 43.40 42.31 36.72 36.70 35.32 29.80 35.17

* 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

Concalls