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 if insurance companies.[1]
- Market Cap ₹ 24,793 Cr.
- Current Price ₹ 2,955
- High / Low ₹ 3,195 / 999
- Stock P/E 24.3
- Book Value ₹ 311
- Dividend Yield 1.36 %
- ROCE 44.0 %
- ROE 47.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 52.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.1%
- Company has been maintaining a healthy dividend payout of 36.2%
- Debtor days have improved from 66.7 to 45.6 days.
Cons
- Stock is trading at 9.43 times its book value
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -6.30%
* 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
Sector: Stock/ Commodity Brokers Industry: Finance & Investments
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
450 | 451 | 440 | 770 | 778 | 748 | 1,289 | 2,292 | 3,002 | 3,430 | |
339 | 362 | 437 | 516 | 575 | 564 | 826 | 1,366 | 1,708 | 1,957 | |
Operating Profit | 112 | 90 | 3 | 254 | 203 | 183 | 462 | 926 | 1,294 | 1,473 |
OPM % | 25% | 20% | 1% | 33% | 26% | 24% | 36% | 40% | 43% | 43% |
11 | 11 | 112 | 14 | 11 | 2 | 8 | 5 | 18 | 21 | |
Interest | 38 | 36 | 54 | 95 | 70 | 50 | 42 | 76 | 91 | 90 |
Depreciation | 10 | 13 | 14 | 15 | 20 | 21 | 18 | 19 | 30 | 37 |
Profit before tax | 74 | 52 | 48 | 159 | 124 | 114 | 410 | 836 | 1,192 | 1,367 |
Tax % | 37% | 39% | 35% | 32% | 36% | 28% | 28% | 25% | 25% | |
47 | 32 | 31 | 108 | 80 | 82 | 297 | 625 | 890 | 1,020 | |
EPS in Rs | 32.69 | 22.08 | 21.59 | 14.99 | 11.09 | 11.44 | 36.28 | 75.41 | 106.68 | 121.98 |
Dividend Payout % | 13% | 25% | 31% | 91% | 24% | 24% | 35% | 36% | 37% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 59% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 52% |
3 Years: | 117% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 104% |
1 Year: | 93% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 38% |
3 Years: | 44% |
Last Year: | 47% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
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 | 2,529 |
333 | 358 | 772 | 1,125 | 872 | 491 | 1,171 | 1,258 | 787 | 1,555 | |
295 | 411 | 641 | 767 | 805 | 1,108 | 2,511 | 4,378 | 4,529 | 6,658 | |
Total Liabilities | 974 | 1,139 | 1,803 | 2,367 | 2,209 | 2,190 | 4,814 | 7,220 | 7,478 | 10,826 |
121 | 122 | 123 | 116 | 134 | 124 | 115 | 152 | 187 | 250 | |
CWIP | 1 | 3 | 1 | 0 | 1 | 2 | 0 | 12 | 62 | 50 |
Investments | 0 | 0 | 50 | 6 | 15 | 35 | 6 | 19 | 109 | 117 |
852 | 1,014 | 1,630 | 2,246 | 2,059 | 2,029 | 4,693 | 7,037 | 7,120 | 10,408 | |
Total Assets | 974 | 1,139 | 1,803 | 2,367 | 2,209 | 2,190 | 4,814 | 7,220 | 7,478 | 10,826 |
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 | |
---|---|---|---|---|---|---|---|---|---|
11 | -77 | -210 | -309 | 643 | -1,199 | 558 | 803 | ||
-7 | -13 | -50 | 47 | -28 | 25 | -52 | -185 | ||
2 | 40 | 350 | 239 | -449 | 894 | -165 | -907 | ||
Net Cash Flow | 5 | -51 | 91 | -23 | 166 | -280 | 340 | -289 |
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 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 218 | 361 | 712 | 75 | 101 | 19 | 64 | 90 | 46 |
Inventory Days | |||||||||
Days Payable | |||||||||
Cash Conversion Cycle | 218 | 361 | 712 | 75 | 101 | 19 | 64 | 90 | 46 |
Working Capital Days | 122 | 119 | 289 | 244 | 127 | -380 | -235 | -569 | -474 |
ROCE % | 12% | 11% | 18% | 13% | 14% | 27% | 35% | 44% |
Documents
Announcements
- Intimation Of Grant Of Options Under Angel Broking Employee Long Term Incentive Plan 2021 1 Dec
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 Nov - The officials of the Company will be interacting with few investors, the details of which are attached herewith
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
23 Nov - Of allotment of 40,800 equity shares of Angel One Limited having face value of Rs. 10 each pursuant to exercise under Angel Broking Employee long …
-
Announcement under Regulation 30 (LODR)-Monthly Business Updates
7 Nov - In accordance with SEBI(LODR) Regulations, 2015 and the code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive information As per Regulation 8 …
- Intimation Of Grant Of Options Under Angel Broking Employee Long Term Incentive Plan 2021 2 Nov
Annual reports
Concalls
-
Oct 2023Transcript PPT
-
Jul 2023Transcript PPT
-
Jun 2023TranscriptPPT
-
Apr 2023Transcript PPT
-
Apr 2023TranscriptNotesPPT
-
Jan 2023Transcript PPT
-
Oct 2022Transcript PPT
-
Jul 2022Transcript PPT
-
Jun 2022TranscriptPPT
-
Apr 2022Transcript PPT
-
Jan 2022Transcript PPT
-
Oct 2021Transcript PPT
-
Jul 2021Transcript PPT
-
May 2021Transcript PPT
-
Apr 2021TranscriptNotesPPT
-
Apr 2021Transcript PPT
-
Feb 2021Transcript PPT
-
Dec 2020TranscriptPPT
-
Nov 2020Transcript PPT
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]