Angel One Ltd

Angel One Ltd

₹ 2,837 -0.17%
25 Apr - close price
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 of 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 25,505 Cr.
  • Current Price 2,837
  • High / Low 3,900 / 1,181
  • Stock P/E 22.5
  • Book Value 357
  • Dividend Yield 1.40 %
  • ROCE 38.7 %
  • ROE 44.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 71.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 45.9%
  • Debtor days have improved from 59.3 to 41.7 days.

Cons

  • Stock is trading at 7.95 times its book value
  • Promoter holding has decreased over last 3 years: -6.34%

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
404 459 523 592 674 677 741 745 820 803 1,043 1,054 1,347
261 291 332 360 381 414 427 423 437 485 599 654 812
Operating Profit 143 168 190 232 292 264 314 322 383 318 444 400 535
OPM % 35% 37% 36% 39% 43% 39% 42% 43% 47% 40% 43% 38% 40%
10 10 9 8 1 1 1 11 5 3 2 2 2
Interest 11 16 18 18 18 20 24 25 21 18 26 36 56
Depreciation 4 4 4 5 5 6 7 8 9 9 11 13 16
Profit before tax 139 158 177 218 270 239 284 300 359 294 408 353 463
Tax % 28% 25% 25% 25% 25% 25% 25% 24% 26% 26% 25% 26% 25%
100 118 132 162 202 178 212 227 265 219 305 263 346
EPS in Rs 12.19 14.31 16.04 19.60 24.41 21.46 25.46 27.19 31.72 26.13 36.39 31.30 41.19
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 Mar 2024
368 361 738 752 735 1,280 2,272 2,985 4,247
303 383 502 559 555 830 1,359 1,700 2,550
Operating Profit 65 -23 237 193 180 450 913 1,285 1,696
OPM % 18% -6% 32% 26% 24% 35% 40% 43% 40%
13 111 13 11 7 8 2 16 8
Interest 29 50 89 67 50 43 74 91 137
Depreciation 10 10 12 18 20 17 18 29 49
Profit before tax 40 28 149 119 117 398 823 1,181 1,519
Tax % 36% 26% 32% 35% 26% 27% 25% 25% 25%
25 21 102 77 87 290 615 882 1,133
EPS in Rs 17.74 14.41 14.15 10.65 12.03 35.49 74.21 105.70 134.88
Dividend Payout % 32% 47% 96% 25% 22% 36% 37% 38% 0%
Compounded Sales Growth
10 Years: %
5 Years: 41%
3 Years: 49%
TTM: 42%
Compounded Profit Growth
10 Years: %
5 Years: 71%
3 Years: 57%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 97%
1 Year: 130%
Return on Equity
10 Years: %
5 Years: 42%
3 Years: 46%
Last Year: 44%

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
Equity Capital 14 14 72 72 72 82 83 83 84
Reserves 288 298 378 432 497 1,020 1,463 2,031 2,916
305 698 1,065 866 488 1,171 1,258 787 2,658
322 531 757 799 1,103 2,509 4,375 4,521 7,663
Total Liabilities 929 1,541 2,272 2,169 2,159 4,782 7,178 7,423 13,321
93 95 97 116 108 100 138 174 396
CWIP 3 1 0 1 2 0 12 62 0
Investments 101 101 95 95 95 83 83 83 433
732 1,345 2,080 1,957 1,954 4,599 6,945 7,104 12,492
Total Assets 929 1,541 2,272 2,169 2,159 4,782 7,178 7,423 13,321

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
-151 -269 -318 654 622 -1,166 552 716 -239
-2 9 38 -9 -4 2 -39 -98 -553
98 334 253 -308 -445 896 -163 -907 1,448
Net Cash Flow -55 74 -28 337 174 -268 350 -289 656

Ratios

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
Debtor Days 434 865 78 104 19 65 91 46 42
Inventory Days
Days Payable
Cash Conversion Cycle 434 865 78 104 19 65 91 46 42
Working Capital Days 137 352 207 -242 -386 -237 -575 -477 -539
ROCE % 10% 19% 13% 14% 27% 35% 44%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.26% 43.77% 43.68% 44.00% 43.83% 43.71% 43.68% 38.48% 38.30% 38.26% 38.23% 38.21%
4.70% 4.66% 5.44% 8.96% 10.54% 11.27% 17.25% 16.61% 17.04% 16.82% 19.11% 17.27%
9.28% 8.17% 8.57% 10.33% 8.92% 9.71% 9.27% 9.73% 10.25% 10.41% 9.32% 9.49%
41.76% 43.40% 42.31% 36.72% 36.70% 35.32% 29.80% 35.17% 34.42% 34.52% 33.33% 35.02%
No. of Shareholders 56,80084,7641,11,7551,01,0281,28,7871,21,0001,25,0671,42,3201,29,2111,31,8761,55,1942,00,355

* 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