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 ₹ 31,188 Cr.
- Current Price ₹ 341
- High / Low ₹ 360 / 209
- Stock P/E 34.1
- Book Value ₹ 67.2
- Dividend Yield 1.41 %
- ROCE 14.8 %
- ROE 15.6 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.1%
- Company has been maintaining a healthy dividend payout of 103%
- Company's median sales growth is 26.8% of last 10 years
Cons
- Promoter holding has decreased over last 3 years: -9.68%
* 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 450 | 451 | 440 | 770 | 778 | 748 | 1,289 | 2,292 | 3,002 | 4,272 | 5,239 | 5,138 | |
| 339 | 362 | 437 | 516 | 575 | 570 | 828 | 1,366 | 1,708 | 2,579 | 3,256 | 3,318 | |
| Operating Profit | 112 | 90 | 3 | 254 | 203 | 178 | 460 | 926 | 1,294 | 1,693 | 1,983 | 1,820 |
| OPM % | 25% | 20% | 1% | 33% | 26% | 24% | 36% | 40% | 43% | 40% | 38% | 35% |
| 11 | 11 | 112 | 14 | 11 | 7 | 10 | 5 | 18 | 7 | 8 | 15 | |
| Interest | 38 | 36 | 54 | 95 | 70 | 50 | 42 | 76 | 91 | 137 | 296 | 438 |
| Depreciation | 10 | 13 | 14 | 15 | 20 | 21 | 18 | 19 | 30 | 50 | 103 | 125 |
| Profit before tax | 74 | 52 | 48 | 159 | 124 | 114 | 410 | 836 | 1,192 | 1,514 | 1,592 | 1,272 |
| Tax % | 37% | 39% | 35% | 32% | 36% | 28% | 28% | 25% | 25% | 26% | 26% | 28% |
| 47 | 32 | 31 | 108 | 80 | 82 | 297 | 625 | 890 | 1,126 | 1,172 | 915 | |
| EPS in Rs | 3.27 | 2.21 | 2.16 | 1.50 | 1.11 | 1.14 | 3.63 | 7.54 | 10.67 | 13.40 | 12.98 | 10.05 |
| Dividend Payout % | 13% | 25% | 31% | 91% | 24% | 24% | 35% | 36% | 37% | 26% | 37% | 246% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 32% |
| 3 Years: | 20% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 40% |
| 5 Years: | 25% |
| 3 Years: | 1% |
| TTM: | -22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 26% |
| 1 Year: | 25% |
| Return on Equity | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 29% |
| 3 Years: | 25% |
| Last Year: | 16% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 72 | 72 | 72 | 82 | 83 | 83 | 84 | 90 | 91 |
| Reserves | 332 | 355 | 375 | 403 | 459 | 519 | 1,049 | 1,502 | 2,078 | 2,955 | 5,531 | 6,027 |
| 333 | 358 | 772 | 1,125 | 872 | 491 | 1,171 | 1,258 | 788 | 2,541 | 3,414 | 7,951 | |
| 295 | 411 | 641 | 767 | 805 | 1,108 | 2,511 | 4,378 | 4,528 | 7,674 | 7,853 | 9,835 | |
| Total Liabilities | 974 | 1,139 | 1,803 | 2,367 | 2,209 | 2,190 | 4,814 | 7,220 | 7,478 | 13,254 | 16,889 | 23,904 |
| 121 | 122 | 123 | 116 | 134 | 124 | 115 | 152 | 187 | 409 | 499 | 505 | |
| CWIP | 1 | 3 | 1 | 0 | 1 | 2 | 0 | 12 | 62 | 1 | 4 | 10 |
| Investments | 0 | 0 | 50 | 6 | 15 | 35 | 6 | 19 | 109 | 0 | 202 | 257 |
| 852 | 1,014 | 1,630 | 2,246 | 2,059 | 2,029 | 4,693 | 7,037 | 7,120 | 12,844 | 16,184 | 23,132 | |
| Total Assets | 974 | 1,139 | 1,803 | 2,367 | 2,209 | 2,190 | 4,814 | 7,220 | 7,478 | 13,254 | 16,889 | 23,904 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | -77 | -210 | -309 | 689 | 643 | -1,199 | 558 | 804 | -330 | -1,860 | -4,142 | |
| -7 | -13 | -50 | 47 | -6 | -28 | 25 | -52 | -185 | -91 | -341 | -111 | |
| 2 | 40 | 350 | 239 | -361 | -449 | 894 | -165 | -908 | 1,331 | 1,917 | 3,656 | |
| Net Cash Flow | 5 | -51 | 91 | -23 | 323 | 166 | -280 | 340 | -289 | 910 | -284 | -597 |
| Free Cash Flow | -0 | -94 | -222 | -316 | 678 | 631 | -1,213 | 488 | 704 | -537 | -2,023 | -4,222 |
| CFO/OP | 28% | -109% | -6,159% | -100% | 364% | 378% | -239% | 84% | 84% | 3% | -73% | -209% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 218 | 361 | 712 | 75 | 101 | 19 | 64 | 90 | 45 | 42 | 21 | 31 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 218 | 361 | 712 | 75 | 101 | 19 | 64 | 90 | 45 | 42 | 21 | 31 |
| Working Capital Days | 122 | 119 | -343 | -284 | 127 | -380 | -235 | -569 | -474 | -525 | -497 | -592 |
| ROCE % | 12% | 11% | 18% | 13% | 14% | 27% | 35% | 44% | 39% | 26% | 15% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| MTF/Client Funding Book ₹ Bn |
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| Number of Orders Million |
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| Mutual Fund AUM ₹ Bn |
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| Ionic Wealth AUM ₹ Bn |
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| Overall Retail Equity Turnover Market Share % |
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Extracted by Screener AI
Documents
Announcements
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Record Date For First Interim Dividend For FY 2026-27
1d - Board to consider first interim dividend for FY27; record date set for July 21, 2026.
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Update on board meeting
1d - Board meeting on July 15, 2026 to consider first interim dividend; record date July 21, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Angel One submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no demat requests received.
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Announcement under Regulation 30 (LODR)-Monthly Business Updates
3 Jul - Angel One reported June 2026 and Q1 FY27 business metrics; client base 38.59 million, orders 406.14 million.
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Intimation Of Grant Of Options Under Angel Broking Employee Long Term Incentive Plan 2021
2 Jul - Angel One granted 25,166 RSUs to 3 employees on July 2, 2026.
Annual reports
Concalls
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Apr 2026Transcript PPT REC
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Jan 2026Transcript PPT REC
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Jan 2026TranscriptAI SummaryPPT
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Oct 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Oct 2024TranscriptAI SummaryPPT
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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 2024TranscriptAI SummaryPPT
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Jan 2024Transcript PPT
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Oct 2023Transcript PPT
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Jun 2023TranscriptPPT
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Apr 2023Transcript PPT
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Apr 2023TranscriptAI SummaryPPT
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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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Oct 2021Transcript PPT
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Jul 2021Transcript PPT
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May 2021Transcript PPT
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Apr 2021TranscriptAI SummaryPPT
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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[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.