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 ₹ 29,372 Cr.
- Current Price ₹ 322
- High / Low ₹ 328 / 209
- Stock P/E 32.1
- Book Value ₹ 67.2
- Dividend Yield 1.49 %
- 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's median sales growth is 26.8% of last 10 years
Cons
- Promoter holding has decreased over last 3 years: -14.8%
* 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 | 5,137 | |
| 339 | 362 | 437 | 516 | 575 | 570 | 828 | 1,366 | 1,708 | 2,579 | 3,256 | 3,319 | |
| Operating Profit | 112 | 90 | 3 | 254 | 203 | 178 | 460 | 926 | 1,294 | 1,693 | 1,983 | 1,818 |
| OPM % | 25% | 20% | 1% | 33% | 26% | 24% | 36% | 40% | 43% | 40% | 38% | 35% |
| 11 | 11 | 112 | 14 | 11 | 7 | 10 | 5 | 18 | 7 | 8 | 16 | |
| Interest | 38 | 36 | 54 | 95 | 70 | 50 | 42 | 76 | 91 | 137 | 296 | 437 |
| 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% | 0% |
| 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: | 57% |
| 3 Years: | 38% |
| 1 Year: | 37% |
| 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 | 514 | |
| CWIP | 1 | 3 | 1 | 0 | 1 | 2 | 0 | 12 | 62 | 1 | 4 | 1 |
| 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 | -602 |
| ROCE % | 12% | 11% | 18% | 13% | 14% | 27% | 35% | 44% | 39% | 26% | 15% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Total Client Base Million |
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| Average Client Funding Book (MTF) INR Billion |
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| Average Daily Turnover (ADTO) Market Share - Overall Retail Equity percentage ・Standalone data |
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| NSE Active Client Market Share percentage ・Standalone data |
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| Number of Executed Orders Million |
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| Number of Authorized Persons (APs) absolute ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Audio Recordings Of Earnings Call With Analysts And Investors Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
2d - Audio recording of Angel One's April 17, 2026 earnings call uploaded on website.
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Intimation Of Grant Of Options Under Angel Broking Employee Long Term Incentive Plan 2021
2d - Angel One grants 73,46,277 RSUs to 452 employees under LTI Plan 2021, effective April 17, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement for Audited Financial Results of the Company for the quarter and year ended March 31,2026 under Regulation 47 of the SEBI (Listing Obligations …
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Investments In Wholly Owned Subsidiaries
2d - FY26 audited results approved; board cleared Rs1,500 crore NCDs, Rs150 crore subsidiary investments, AGM on 12 June 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Angel One reported Q4 FY26 revenue ₹14,672 mn, PAT ₹3,202 mn, and strong client growth.
Annual reports
Concalls
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Apr 2026TranscriptAI SummaryPPT
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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]