Angel One Ltd

Angel One Ltd

₹ 2,842 -0.50%
24 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 25,549 Cr.
  • Current Price 2,842
  • High / Low 3,900 / 1,181
  • Stock P/E 22.7
  • Book Value 362
  • Dividend Yield 1.40 %
  • ROCE 38.7 %
  • ROE 43.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 69.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 45.2%
  • Debtor days have improved from 59.1 to 41.6 days.

Cons

  • Stock is trading at 7.86 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

Consolidated Figures in Rs. Crores / View Standalone

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
409 463 527 597 681 682 745 749 826 808 1,048 1,059 1,357
262 292 334 361 384 416 429 424 440 487 604 661 827
Operating Profit 147 171 193 236 296 266 316 324 386 320 443 398 530
OPM % 36% 37% 37% 40% 44% 39% 42% 43% 47% 40% 42% 38% 39%
10 12 9 8 3 2 0 11 5 4 1 2 1
Interest 11 16 18 18 20 20 24 26 21 18 26 36 56
Depreciation 4 4 5 5 5 6 7 8 9 9 11 13 17
Profit before tax 142 162 179 221 274 243 286 302 362 297 407 351 459
Tax % 28% 25% 25% 25% 25% 25% 25% 24% 26% 26% 25% 26% 26%
102 121 134 165 205 182 214 228 267 221 304 260 340
EPS in Rs 12.45 14.73 16.24 19.88 24.70 21.85 25.63 27.35 32.00 26.34 36.30 31.01 40.47
Raw PDF

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
450 451 440 770 778 748 1,289 2,292 3,002 4,272
339 362 437 516 575 564 826 1,366 1,708 2,580
Operating Profit 112 90 3 254 203 183 462 926 1,294 1,692
OPM % 25% 20% 1% 33% 26% 24% 36% 40% 43% 40%
11 11 112 14 11 2 8 5 18 8
Interest 38 36 54 95 70 50 42 76 91 136
Depreciation 10 13 14 15 20 21 18 19 30 50
Profit before tax 74 52 48 159 124 114 410 836 1,192 1,514
Tax % 37% 39% 35% 32% 36% 28% 28% 25% 25% 26%
47 32 31 108 80 82 297 625 890 1,126
EPS in Rs 32.69 22.08 21.59 14.99 11.09 11.44 36.28 75.41 106.68 133.98
Dividend Payout % 13% 25% 31% 91% 24% 24% 35% 36% 37% 0%
Compounded Sales Growth
10 Years: %
5 Years: 41%
3 Years: 49%
TTM: 42%
Compounded Profit Growth
10 Years: %
5 Years: 70%
3 Years: 56%
TTM: 28%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 98%
1 Year: 131%
Return on Equity
10 Years: %
5 Years: 42%
3 Years: 45%
Last Year: 43%

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
Equity Capital 14 14 14 72 72 72 82 83 83 84
Reserves 332 355 375 403 459 519 1,049 1,502 2,078 2,955
333 358 772 1,125 872 491 1,171 1,258 787 2,541
295 411 641 767 805 1,108 2,511 4,378 4,529 7,674
Total Liabilities 974 1,139 1,803 2,367 2,209 2,190 4,814 7,220 7,478 13,254
121 122 123 116 134 124 115 152 187 409
CWIP 1 3 1 0 1 2 0 12 62 0
Investments 0 0 50 6 15 35 6 19 109 0
852 1,014 1,630 2,246 2,059 2,029 4,693 7,037 7,120 12,844
Total Assets 974 1,139 1,803 2,367 2,209 2,190 4,814 7,220 7,478 13,254

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
11 -77 -210 -309 643 -1,199 558 803 -330
-7 -13 -50 47 -28 25 -52 -185 -91
2 40 350 239 -449 894 -165 -907 1,331
Net Cash Flow 5 -51 91 -23 166 -280 340 -289 910

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
Debtor Days 218 361 712 75 101 19 64 90 46 42
Inventory Days
Days Payable
Cash Conversion Cycle 218 361 712 75 101 19 64 90 46 42
Working Capital Days 122 119 289 244 127 -380 -235 -569 -474 -536
ROCE % 12% 11% 18% 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