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 ₹ 22,647 Cr.
- Current Price ₹ 2,496
- High / Low ₹ 3,503 / 1,941
- Stock P/E 26.6
- Book Value ₹ 643
- Dividend Yield 1.92 %
- ROCE 26.3 %
- ROE 28.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 69.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.1%
- Company has been maintaining a healthy dividend payout of 33.0%
- Debtor days have improved from 36.0 to 20.7 days.
Cons
- Promoter holding has decreased over last quarter: -6.58%
* 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
Financial Services Financial Services Capital Markets Stockbroking & Allied
Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
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368 | 361 | 738 | 752 | 735 | 1,280 | 2,272 | 2,985 | 4,248 | 5,175 | 4,574 | |
303 | 383 | 502 | 559 | 555 | 830 | 1,359 | 1,700 | 2,550 | 3,157 | 2,990 | |
Operating Profit | 65 | -23 | 237 | 193 | 180 | 450 | 913 | 1,285 | 1,699 | 2,019 | 1,584 |
OPM % | 18% | -6% | 32% | 26% | 24% | 35% | 40% | 43% | 40% | 39% | 35% |
13 | 111 | 13 | 11 | 7 | 8 | 2 | 16 | 6 | 8 | 10 | |
Interest | 29 | 50 | 89 | 67 | 50 | 43 | 74 | 91 | 137 | 293 | 337 |
Depreciation | 10 | 10 | 12 | 18 | 20 | 17 | 18 | 29 | 49 | 100 | 110 |
Profit before tax | 40 | 28 | 149 | 119 | 117 | 398 | 823 | 1,181 | 1,519 | 1,634 | 1,147 |
Tax % | 36% | 26% | 32% | 35% | 26% | 27% | 25% | 25% | 25% | 26% | |
25 | 21 | 102 | 77 | 87 | 290 | 615 | 882 | 1,133 | 1,216 | 852 | |
EPS in Rs | 17.74 | 14.41 | 14.15 | 10.65 | 12.03 | 35.49 | 74.21 | 105.70 | 134.88 | 134.67 | 94.15 |
Dividend Payout % | 32% | 47% | 96% | 25% | 22% | 36% | 37% | 38% | 26% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 48% |
3 Years: | 32% |
TTM: | -14% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 69% |
3 Years: | 26% |
TTM: | -37% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 60% |
3 Years: | 16% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 38% |
3 Years: | 37% |
Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 72 | 72 | 72 | 82 | 83 | 83 | 84 | 90 | 91 |
Reserves | 288 | 298 | 378 | 432 | 497 | 1,020 | 1,463 | 2,031 | 2,916 | 5,508 | 5,740 |
305 | 698 | 1,065 | 866 | 488 | 1,171 | 1,258 | 788 | 2,658 | 3,409 | 4,443 | |
322 | 531 | 757 | 799 | 1,103 | 2,509 | 4,375 | 4,520 | 7,663 | 7,816 | 8,037 | |
Total Liabilities | 929 | 1,541 | 2,272 | 2,169 | 2,159 | 4,782 | 7,178 | 7,423 | 13,321 | 16,823 | 18,310 |
93 | 95 | 97 | 116 | 108 | 100 | 138 | 174 | 395 | 475 | 453 | |
CWIP | 3 | 1 | 0 | 1 | 2 | 0 | 12 | 62 | 0 | 1 | 1 |
Investments | 101 | 101 | 95 | 95 | 95 | 83 | 83 | 83 | 433 | 435 | 447 |
732 | 1,345 | 2,080 | 1,957 | 1,954 | 4,599 | 6,945 | 7,104 | 12,492 | 15,912 | 17,409 | |
Total Assets | 929 | 1,541 | 2,272 | 2,169 | 2,159 | 4,782 | 7,178 | 7,423 | 13,321 | 16,823 | 18,310 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
-151 | -269 | -318 | 654 | 622 | -912 | 552 | 717 | -239 | -1,812 | |
-2 | 9 | 38 | -9 | -4 | 2 | -39 | -98 | -553 | -151 | |
98 | 334 | 253 | -308 | -445 | 896 | -163 | -908 | 1,448 | 1,766 | |
Net Cash Flow | -55 | 74 | -28 | 337 | 174 | -14 | 350 | -289 | 656 | -197 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 434 | 865 | 78 | 104 | 19 | 65 | 91 | 45 | 42 | 21 |
Inventory Days | ||||||||||
Days Payable | ||||||||||
Cash Conversion Cycle | 434 | 865 | 78 | 104 | 19 | 65 | 91 | 45 | 42 | 21 |
Working Capital Days | 137 | -353 | -319 | -652 | -386 | -237 | -575 | -477 | -528 | -503 |
ROCE % | 10% | 19% | 13% | 14% | 27% | 35% | 44% | 39% | 26% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement for Unaudited Financial Results of the Company for the Quarter ended September 30, 2025.
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Financial Results Of The Company Along With Limited Review Report By The Auditors For The Quarter Ended September 30, 2025.
2d - Board approved unaudited standalone and consolidated results for Q2/H1 ended Sept 30, 2025; approved GIFT City branch.
- Announcement under Regulation 30 (LODR)-Investor Presentation 2d
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Q2 FY26: Total net income ₹9,410mn, EBDAT ₹3,246mn, PAT ₹2,117mn; 34.1M clients, 360mn orders.
Annual reports
Concalls
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Oct 2025TranscriptNotesPPT REC
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Dec 2020TranscriptPPT
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Nov 2020Transcript PPT
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]