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 ₹ 24,536 Cr.
- Current Price ₹ 2,709
- High / Low ₹ 3,503 / 1,941
- Stock P/E 24.7
- Book Value ₹ 623
- Dividend Yield 1.77 %
- ROCE 25.8 %
- ROE 27.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 66.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.1%
- Company has been maintaining a healthy dividend payout of 33.4%
- Debtor days have improved from 36.0 to 20.9 days.
- Company's median sales growth is 22.6% of last 10 years
Cons
- Promoter holding has decreased over last quarter: -6.58%
* 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
Financial Services Financial Services Capital Markets Stockbroking & Allied
Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
450 | 451 | 440 | 770 | 778 | 748 | 1,289 | 2,292 | 3,002 | 4,272 | 5,239 | 4,973 | |
339 | 362 | 437 | 516 | 575 | 570 | 828 | 1,366 | 1,708 | 2,579 | 3,256 | 3,188 | |
Operating Profit | 112 | 90 | 3 | 254 | 203 | 178 | 460 | 926 | 1,294 | 1,693 | 1,983 | 1,785 |
OPM % | 25% | 20% | 1% | 33% | 26% | 24% | 36% | 40% | 43% | 40% | 38% | 36% |
11 | 11 | 112 | 14 | 11 | 7 | 10 | 5 | 18 | 7 | 8 | 7 | |
Interest | 38 | 36 | 54 | 95 | 70 | 50 | 42 | 76 | 91 | 137 | 296 | 322 |
Depreciation | 10 | 13 | 14 | 15 | 20 | 21 | 18 | 19 | 30 | 50 | 103 | 111 |
Profit before tax | 74 | 52 | 48 | 159 | 124 | 114 | 410 | 836 | 1,192 | 1,514 | 1,592 | 1,360 |
Tax % | 37% | 39% | 35% | 32% | 36% | 28% | 28% | 25% | 25% | 26% | 26% | |
47 | 32 | 31 | 108 | 80 | 82 | 297 | 625 | 890 | 1,126 | 1,172 | 994 | |
EPS in Rs | 32.69 | 22.08 | 21.59 | 14.99 | 11.09 | 11.44 | 36.28 | 75.41 | 106.68 | 133.98 | 129.81 | 110.12 |
Dividend Payout % | 13% | 25% | 31% | 91% | 24% | 24% | 35% | 36% | 37% | 26% | 37% |
Compounded Sales Growth | |
---|---|
10 Years: | 28% |
5 Years: | 48% |
3 Years: | 32% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 38% |
5 Years: | 67% |
3 Years: | 23% |
TTM: | -17% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 23% |
1 Year: | 30% |
Return on Equity | |
---|---|
10 Years: | 34% |
5 Years: | 37% |
3 Years: | 36% |
Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 14 | 72 | 72 | 72 | 82 | 83 | 83 | 84 | 90 |
Reserves | 332 | 355 | 375 | 403 | 459 | 519 | 1,049 | 1,502 | 2,078 | 2,955 | 5,531 |
333 | 358 | 772 | 1,125 | 872 | 491 | 1,171 | 1,258 | 788 | 2,541 | 3,414 | |
295 | 411 | 641 | 767 | 805 | 1,108 | 2,511 | 4,378 | 4,528 | 7,674 | 7,853 | |
Total Liabilities | 974 | 1,139 | 1,803 | 2,367 | 2,209 | 2,190 | 4,814 | 7,220 | 7,478 | 13,254 | 16,889 |
121 | 122 | 123 | 116 | 134 | 124 | 115 | 152 | 187 | 409 | 499 | |
CWIP | 1 | 3 | 1 | 0 | 1 | 2 | 0 | 12 | 62 | 1 | 4 |
Investments | 0 | 0 | 50 | 6 | 15 | 35 | 6 | 19 | 109 | 0 | 202 |
852 | 1,014 | 1,630 | 2,246 | 2,059 | 2,029 | 4,693 | 7,037 | 7,120 | 12,844 | 16,184 | |
Total Assets | 974 | 1,139 | 1,803 | 2,367 | 2,209 | 2,190 | 4,814 | 7,220 | 7,478 | 13,254 | 16,889 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
11 | -77 | -210 | -309 | 689 | 643 | -1,199 | 558 | 804 | -330 | -1,860 | |
-7 | -13 | -50 | 47 | -6 | -28 | 25 | -52 | -185 | -91 | -341 | |
2 | 40 | 350 | 239 | -361 | -449 | 894 | -165 | -908 | 1,331 | 1,917 | |
Net Cash Flow | 5 | -51 | 91 | -23 | 323 | 166 | -280 | 340 | -289 | 910 | -284 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 218 | 361 | 712 | 75 | 101 | 19 | 64 | 90 | 45 | 42 | 21 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 218 | 361 | 712 | 75 | 101 | 19 | 64 | 90 | 45 | 42 | 21 |
Working Capital Days | 122 | 119 | 289 | 244 | 127 | -380 | -235 | -569 | -474 | -525 | -497 |
ROCE % | 12% | 11% | 18% | 13% | 14% | 27% | 35% | 44% | 39% | 26% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 Jul - Audio recordings of earnings call with analysts and investors under Regulation 30 of SEBI (LODR)
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Jul - Newspaper Advertisement for Unaudited Financial Results of the Company for the quarter ended June 30, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Jul - Angel One reports Q1 FY26 revenues ₹8,913 mn, adjusted PAT ₹1,922 mn, client base 32.5 mn, and growing AUM.
- Announcement under Regulation 30 (LODR)-Investor Presentation 16 Jul
- Financial Results Of The Company Along With Limited Review Report By The Auditors For The Quarter Ended June 30, 2025. 16 Jul
Annual reports
Concalls
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Jul 2025TranscriptNotesPPT 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 2024TranscriptNotesPPT
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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 2024TranscriptPPT
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Mar 2024TranscriptNotesPPT
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Jan 2024TranscriptPPT
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Jan 2024TranscriptPPT
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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 2023TranscriptPPT
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Apr 2023Transcript PPT
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Apr 2023TranscriptNotesPPT
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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 2022TranscriptPPT
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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 2021TranscriptNotesPPT
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Apr 2021Transcript PPT
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Feb 2021Transcript PPT
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Dec 2020TranscriptPPT
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Nov 2020Transcript PPT
Service Offerings
Angel One is India’s largest listed retail stock broking business. Its offerings include broking and advisory services, margin funding, and distribution of third-party financial products to its clients. It has expanded its third-party financial product offerings to include unsecured loans, motor insurance, and fixed deposits. [1]