Angel One Ltd

₹ 1,331 0.88%
18 Aug - 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 if 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 11,090 Cr.
  • Current Price 1,331
  • High / Low 2,022 / 990
  • Stock P/E 16.2
  • Book Value 191
  • Dividend Yield 2.04 %
  • ROCE 35.5 %
  • ROE 46.0 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 82.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.3%
  • Company has been maintaining a healthy dividend payout of 31.7%

Cons

  • Company might be capitalizing the interest cost
  • Debtor days have increased from 57.9 to 90.0 days.

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
181 172 179 193 238 310 307 409 463 527 597 671 670
159 136 134 142 170 199 201 262 292 336 363 386 418
Operating Profit 22 36 45 51 69 110 106 147 171 191 234 285 252
OPM % 12% 21% 25% 26% 29% 36% 35% 36% 37% 36% 39% 42% 38%
8 9 7 7 8 8 9 10 12 11 10 14 17
Interest 16 12 10 10 8 14 6 11 16 18 18 20 20
Depreciation 5 6 5 5 5 5 5 4 4 5 5 5 6
Profit before tax 8 27 36 43 64 100 104 142 162 179 221 274 243
Tax % 37% 30% 25% 27% 26% 25% 30% 28% 25% 25% 25% 25% 25%
Net Profit 5 19 27 31 47 74 73 102 121 134 165 205 182
EPS in Rs 9.11 8.94 12.45 14.73 16.24 19.88 24.70 21.85

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 TTM
450 451 440 770 778 748 1,289 2,292 2,466
339 362 437 516 575 564 826 1,374 1,504
Operating Profit 112 90 3 254 203 183 462 918 962
OPM % 25% 20% 1% 33% 26% 24% 36% 40% 39%
11 11 112 14 11 2 8 13 51
Interest 38 36 54 95 70 50 42 76 76
Depreciation 10 13 14 15 20 21 18 19 21
Profit before tax 74 52 48 159 124 114 410 836 917
Tax % 37% 39% 35% 32% 36% 28% 28% 25%
Net Profit 47 32 31 108 80 82 297 625 685
EPS in Rs 36.28 75.41 82.67
Dividend Payout % 13% 25% 31% 91% 24% 24% 35% 36%
Compounded Sales Growth
10 Years: %
5 Years: 39%
3 Years: 43%
TTM: 66%
Compounded Profit Growth
10 Years: %
5 Years: 82%
3 Years: 99%
TTM: 85%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 11%
Return on Equity
10 Years: %
5 Years: 32%
3 Years: 36%
Last Year: 46%

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
14 14 14 72 72 72 82 83
Reserves 332 355 375 403 459 519 1,049 1,502
333 358 772 1,125 872 491 1,171 1,258
295 411 641 767 805 1,108 2,511 4,378
Total Liabilities 974 1,139 1,803 2,367 2,209 2,190 4,814 7,220
121 122 123 116 134 124 115 152
CWIP 1 3 1 0 1 2 0 12
Investments 0 0 50 6 15 35 6 19
852 1,014 1,630 2,246 2,059 2,029 4,693 7,037
Total Assets 974 1,139 1,803 2,367 2,209 2,190 4,814 7,220

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 218 361 712 75 101 19 64 90
Inventory Days
Days Payable
Cash Conversion Cycle 218 361 712 75 101 19 64 90
Working Capital Days 122 119 289 244 127 -380 -235 -569
ROCE % 12% 11% 18% 13% 14% 27% 35%

Shareholding Pattern

Numbers in percentages

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
44.56 44.56 44.55 44.26 43.77 43.68 44.00 43.83
4.32 4.74 5.01 4.70 4.66 5.44 8.96 10.54
8.72 12.45 11.97 9.28 8.17 8.57 10.33 8.92
42.40 38.24 38.47 41.76 43.40 42.31 36.72 36.70

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