Angel One Ltd
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 of insurance companies.[1]
- Market Cap ₹ 29,847 Cr.
- Current Price ₹ 326
- High / Low ₹ 360 / 209
- Stock P/E 23.1
- Book Value ₹ 74.6
- Dividend Yield 1.24 %
- ROCE 15.6 %
- ROE 17.3 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
- Company has been maintaining a healthy dividend payout of 93.9%
- Company's median sales growth is 26.6% of last 10 years
Cons
- Promoter holding has decreased over last 3 years: -9.71%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 368 | 361 | 738 | 752 | 735 | 1,280 | 2,272 | 2,985 | 4,248 | 5,175 | 5,057 | 5,566 | |
| Sales growth | -2% | +105% | +2% | -2% | +74% | +77% | +31% | +42% | +22% | -2% | +22% | |
| 303 | 383 | 502 | 559 | 555 | 830 | 1,359 | 1,700 | 2,550 | 3,157 | 3,144 | 3,199 | |
| Operating Profit | 65 | -23 | 237 | 193 | 180 | 450 | 913 | 1,285 | 1,699 | 2,019 | 1,913 | 2,367 |
| OPM % | 18% | -6% | 32% | 26% | 24% | 35% | 40% | 43% | 40% | 39% | 38% | 43% |
| 13 | 111 | 13 | 11 | 7 | 8 | 2 | 16 | 6 | 8 | 14 | 18 | |
| Interest | 29 | 50 | 89 | 67 | 50 | 43 | 74 | 91 | 137 | 293 | 437 | 536 |
| Depreciation | 10 | 10 | 12 | 18 | 20 | 17 | 18 | 29 | 49 | 100 | 117 | 124 |
| Profit before tax | 40 | 28 | 149 | 119 | 117 | 398 | 823 | 1,181 | 1,519 | 1,634 | 1,373 | 1,725 |
| Tax % | 36% | 26% | 32% | 35% | 26% | 27% | 25% | 25% | 25% | 26% | 26% | |
| 25 | 21 | 102 | 77 | 87 | 290 | 615 | 882 | 1,133 | 1,216 | 1,023 | 1,290 | |
| EPS in Rs | 0.35 | 0.29 | 1.41 | 1.07 | 1.20 | 3.55 | 7.42 | 10.57 | 13.49 | 13.47 | 11.23 | 14.14 |
| Dividend Payout % | 32% | 47% | 96% | 25% | 22% | 36% | 37% | 38% | 26% | 36% | 220% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 32% |
| 3 Years: | 19% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 45% |
| 5 Years: | 29% |
| 3 Years: | 5% |
| TTM: | 51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 7% |
| 1 Year: | 30% |
| Return on Equity | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 31% |
| 3 Years: | 26% |
| Last Year: | 17% |
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 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 72 | 72 | 72 | 82 | 83 | 83 | 84 | 90 | 91 | 91 |
| Reserves | 288 | 298 | 378 | 432 | 497 | 1,020 | 1,463 | 2,031 | 2,916 | 5,508 | 6,111 | 6,733 |
| 305 | 698 | 1,065 | 866 | 488 | 1,171 | 1,258 | 788 | 2,658 | 3,409 | 7,938 | 7,614 | |
| 322 | 531 | 757 | 799 | 1,103 | 2,509 | 4,375 | 4,520 | 7,663 | 7,816 | 9,775 | 8,306 | |
| Total Liabilities | 929 | 1,541 | 2,272 | 2,169 | 2,159 | 4,782 | 7,178 | 7,423 | 13,321 | 16,823 | 23,915 | 22,744 |
| 93 | 95 | 97 | 116 | 108 | 100 | 138 | 174 | 395 | 475 | 467 | 452 | |
| CWIP | 3 | 1 | 0 | 1 | 2 | 0 | 12 | 62 | 0 | 1 | 8 | 0 |
| Investments | 101 | 101 | 95 | 95 | 95 | 83 | 83 | 83 | 433 | 435 | 463 | 832 |
| 732 | 1,345 | 2,080 | 1,957 | 1,954 | 4,599 | 6,945 | 7,104 | 12,492 | 15,912 | 22,977 | 21,459 | |
| Total Assets | 929 | 1,541 | 2,272 | 2,169 | 2,159 | 4,782 | 7,178 | 7,423 | 13,321 | 16,823 | 23,915 | 22,744 |
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 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -151 | -269 | -318 | 654 | 622 | -912 | 552 | 717 | -239 | -1,812 | -4,054 | |
| -2 | 9 | 38 | -9 | -4 | 2 | -39 | -98 | -553 | -151 | -95 | |
| 98 | 334 | 253 | -308 | -445 | 896 | -163 | -908 | 1,448 | 1,766 | 3,660 | |
| Net Cash Flow | -55 | 74 | -28 | 337 | 174 | -14 | 350 | -289 | 656 | -197 | -488 |
| Free Cash Flow | -161 | -278 | -326 | 643 | 610 | -925 | 483 | 616 | -444 | -1,965 | -4,127 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -268% | 1,157% | -114% | 363% | 361% | -181% | 84% | 78% | 9% | -70% | -194% |
Ratios
Standalone / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 434 | 865 | 78 | 104 | 19 | 65 | 91 | 45 | 42 | 21 | 30 |
| Inventory Days | |||||||||||
| Days Payable | |||||||||||
| Cash Conversion Cycle | 434 | 865 | 78 | 104 | 19 | 65 | 91 | 45 | 42 | 21 | 30 |
| Working Capital Days | 137 | -353 | -319 | -652 | -386 | -237 | -575 | -477 | -528 | -503 | -602 |
| ROCE % | 10% | 19% | 13% | 14% | 27% | 35% | 44% | 39% | 26% | 16% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| NSE Active Client Market Share % |
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| MTF/Client Funding Book ₹ Bn |
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| NSE Active Client Base Million |
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| Total Client Base Million |
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| Number of Orders Million |
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| Mutual Fund AUM ₹ Bn |
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| Overall Retail Equity Turnover Market Share % |
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| Ionic Wealth AUM ₹ Bn |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monthly Business Updates
- Angel One reported October 2026 client base of 40.60 million, higher orders, and improved F&O market share.
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Intimation Of Grant Of Options Under Angel Broking Employee Long Term Incentive Plan 2021.
- NRC approved 19,671 RSUs for 3 employees under LTI Plan 2021, vesting over 4 years.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
- Intimation of Allotment of 5,24,942 Equity Shares of Angel One Limited having a face value of Re.1 each pursuant to exercise under Angel Broking Employee …
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Audio Recordings Of Earnings Call With Analysts And Investors Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
- Audio recording of Angel One’s October 16, 2026 earnings call is now available on its website.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
Concalls
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Oct 2026Transcript PPT REC
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Jul 2026Transcript PPT REC
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Jul 2026PPT
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Apr 2026Transcript PPT REC
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Jan 2026Transcript PPT REC
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Jan 2026PPT
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Oct 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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Apr 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Oct 2024PPT
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Jul 2024Transcript PPT REC
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Jul 2024Transcript PPT
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Apr 2024Transcript PPT REC
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Apr 2024Transcript
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Mar 2024PPT
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Jan 2024Transcript
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Jan 2024Transcript
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Jan 2024Transcript PPT
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Oct 2023Transcript PPT
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Jul 2023Transcript PPT
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Jun 2023Transcript
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Apr 2023Transcript PPT
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Apr 2023PPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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Jun 2022Transcript
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Apr 2022Transcript PPT
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Jan 2022Transcript PPT
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Oct 2021Transcript PPT
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Jul 2021Transcript PPT
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May 2021Transcript PPT
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Apr 2021PPT
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Apr 2021Transcript PPT
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Feb 2021Transcript PPT
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Dec 2020Transcript
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Nov 2020Transcript PPT
Service Offerings[1]
Angel One is India’s largest listed retail stock broking business. Its offerings include broking and depository services, client funding, and distribution of third-party financial products(Mutual funds, credit, insurance), Wealth Management & asset management.