Anand Rathi Wealth Ltd

₹ 3,579 0.58%

28 Apr - close price

About

Anand Rathi Wealth Ltd was incorporated on March 22, 1995. It is an AMFI registered mutual fund distributor and is one of the leading non-bank wealth solutions firms in India, being ranked amongst the top three non-bank mutual fund distributors in the country. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.^[1]

Key Points

Part of Anand Rathi Group^[1]
Anand Rathi Group, established in 1994 provides a range of Investment Services across asset classes, as well as Private Wealth, Institutional Equities, Investment Banking, Insurance Broking, and NBFC with a total AUM of 91,568 Crs as of Q2 FY26.^[2]

Website BSE NSE

Market Cap ₹ 29,773 Cr.
Current Price ₹ 3,579
High / Low ₹ 3,735 / 1,637
Stock P/E 75.2
Book Value ₹ 120
Dividend Yield 0.36 %
ROCE 59.2 %
ROE 47.3 %
Face Value ₹ 5.00

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Pros

Company is almost debt free.
Company has delivered good profit growth of 54.7% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 44.8%
Company has been maintaining a healthy dividend payout of 30.7%

Cons

Stock is trading at 29.8 times its book value
Promoter holding has decreased over last 3 years: -5.62%

* 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 Financial Products Distributor

Part of BSE 500 Nifty 500 Nifty Smallcap 100 BSE Financial Services BSE SmallCap Select Index BSE 250 SmallCap Index BSE 400 MidSmallCap Index BSE Diversified Financials Revenue Growth Nifty MidSmallcap 400 Nifty Smallcap 50 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market BSE Capital Markets & Insurance BSE Premium Consumption Nifty Capital Markets Nifty500 Momentum 50 Nifty Midsmallcap400 Momentum Quality 100 Nifty Smallcap250 Momentum Quality 100 Nifty500 Equal Weight Nifty500 Multicap Momentum Quality 50 Nifty500 LargeMidSmall Equal-Cap Weighted Nifty500 Quality 50 BSE 1000 BSE 500 Quality 50 Nifty Total Market Momentum Quality 50

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	143	175	183	182	184	238	242	237	222	274	297	290	288
	82	102	105	103	111	139	138	130	131	146	160	158	203
Operating Profit	61	73	77	80	73	98	104	107	91	128	137	131	85
OPM %	43%	42%	42%	44%	40%	41%	43%	45%	41%	47%	46%	45%	29%
	4	3	6	5	13	8	7	7	19	10	10	16	68
Interest	1	1	2	2	2	1	3	4	4	4	5	4	3
Depreciation	4	5	5	5	5	6	6	7	7	8	8	9	10
Profit before tax	60	71	78	78	79	99	102	104	99	126	134	135	140
Tax %	28%	25%	26%	26%	28%	26%	25%	26%	26%	26%	26%	26%	26%
	43	53	58	58	57	73	76	77	74	94	100	100	103
EPS in Rs	5.11	6.36	6.89	6.92	6.76	8.83	9.17	9.28	8.85	11.28	11.97	12.03	12.42
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	280	336	273	424	559	752	980	1,149
	179	225	196	240	310	421	539	667
Operating Profit	102	110	77	184	249	331	441	482
OPM %	36%	33%	28%	43%	45%	44%	45%	42%
	4	1	6	1	0	0	1	105
Interest	6	3	3	2	4	6	12	16
Depreciation	16	21	18	16	17	19	25	34
Profit before tax	83	87	63	168	228	306	405	536
Tax %	30%	29%	29%	24%	26%	26%	26%	26%
	58	62	45	127	169	226	301	397
EPS in Rs	11.01	11.35	8.11	15.20	20.19	26.88	36.12	47.69
Dividend Payout %	0%	0%	31%	36%	30%	26%	39%	27%

Compounded Sales Growth
10 Years:	%
5 Years:	33%
3 Years:	27%
TTM:	17%

Compounded Profit Growth
10 Years:	%
5 Years:	55%
3 Years:	33%
TTM:	32%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	102%
1 Year:	106%

Return on Equity
10 Years:	%
5 Years:	44%
3 Years:	45%
Last Year:	47%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	13	14	14	21	21	21	42	42
Reserves	110	172	228	323	447	628	632	957
	1	42	48	39	37	52	79	83
	106	182	51	97	119	179	208	247
Total Liabilities	231	409	340	480	624	880	961	1,329
	50	74	55	124	136	152	188	191
CWIP	32	65	69	0	0	1	0	0
Investments	75	103	104	104	106	112	244	265
	75	166	111	253	383	614	530	873
Total Assets	231	409	340	480	624	880	961	1,329

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	67	140	-18	145	84	278	244	281
	-42	-152	74	-77	-42	-237	46	64
	-14	28	-19	-46	-64	-72	-279	-142
Net Cash Flow	11	17	37	22	-22	-32	11	202
Free Cash Flow	36	81	-17	127	72	273	208	266
CFO/OP	100%	145%	8%	117%	53%	98%	79%	86%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	14	10	15	13	11	14	13	14
Inventory Days
Days Payable
Cash Conversion Cycle	14	10	15	13	11	14	13	14
Working Capital Days	-58	-34	-16	26	117	202	111	127
ROCE %		48%	24%	49%	51%	51%	56%	59%

Insights

In beta

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Total Assets Under Management (AUM) - Consolidated
Rs. Crores

xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	xx,xxx
	xx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
	xxx	xxx	xxx	xxx	xxx	xxx
		x,xxx	x,xxx	x,xxx	x,xxx	xx,xxx
			xx,xxx	xx,xxx	xxx,xxx	xxx,xxx
			x,xxx	x,xxx	x,xxx	x,xxx
			xx,xxx	xx,xxx		xxx,xxx
					x,xxx	x,xxx

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Active Client Families - Private Wealth
Numbers

AUM Per RM - Private Wealth
Rs. Crores

Client Attrition Rate (AUM Lost)
Percentage

Relationship Managers (RMs) - Private Wealth
Numbers

Total Net Inflows - Cumulative (9 Months/Full Year)
Rs. Crores

OFA Platform Assets
Rs. Crores

OFA Platform Subscribers (MFDs/IFAs)
Numbers

Assets Under Influence (AUI) - Consolidated
Rs. Crores

Equity Mutual Fund Net Inflows - Cumulative
Rs. Crores

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	48.75%	48.69%	48.20%	48.02%	48.09%	47.99%	47.99%	47.29%	42.71%	42.71%	43.11%	43.11%
	2.11%	1.84%	3.01%	4.86%	5.02%	5.32%	5.75%	4.85%	4.90%	5.56%	6.66%	5.78%
	9.72%	10.26%	9.16%	8.78%	8.32%	7.96%	7.81%	7.21%	8.40%	8.73%	9.45%	9.10%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%
	39.42%	39.21%	39.64%	38.35%	38.56%	38.72%	38.45%	40.64%	43.98%	43.00%	40.78%	42.01%
No. of Shareholders	35,821	37,141	44,369	44,307	68,256	54,189	52,392	54,938	59,186	74,121	73,908	64,931

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	48.82%	48.74%	48.02%	47.29%	43.11%
	1.02%	1.71%	4.86%	4.85%	5.78%
	10.02%	9.99%	8.78%	7.21%	9.10%
	0.00%	0.00%	0.00%	0.01%	0.00%
	40.14%	39.56%	38.35%	40.64%	42.01%
No. of Shareholders	45,437	35,643	44,307	54,938	64,931

* 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.

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