MarketFriction

Anand Rathi Wealth Ltd

NSE ANANDRATHI · BSE 543415 · Financial Products Distributor
₹2,117.50 -0.12%
NSE close2026-10-01
52 week range1,353.85 - 2,268.40
Market cap₹34,879 Cr.
P/E75.4
IPO 2021 · +1440% since Results 09-10 Nifty 500Nifty Smallcap 50Nifty Smallcap 100Smallcap 250 No price band Delivery 56.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales175175177229234228213265286279277313
Expenses10097106133132124125139152150194205
Operating Profit757871961021048912513413083108
OPM %43%44%40%42%44%46%42%47%47%46%30%35%
Other Income641276618991667109
Interest222134445434
Depreciation344455667788
Profit before tax7676779710110298124130134138206
Tax %26%26%28%26%25%26%26%26%26%26%26%21%
Net Profit575756727576729297100102163
EPS in Rs3.393.413.324.364.524.564.365.565.856.016.169.83
Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales12142753272604085387209431,2081,156
Expenses1136180213185230296400514636701
Operating Profit0789511475178242320429572455
OPM %26%36%35%35%29%44%45%44%45%47%39%
Other Income0661210010200
Interest09333246111615
Depreciation0441612111214202930
Profit before tax071949662166226300398527609
Tax %21%29%30%26%29%24%26%26%26%26%
Net Profit050657144125168221295391462
EPS in Rs2.009.366.066.594.027.5410.0813.2317.8023.5827.85
Dividend Payout %0%0%0%0%31%36%30%26%39%28%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth110%36%31%23%
Compounded Profit Growth118%55%33%47%
Stock Price CAGR%%71%49%
Return on Equity%41%42%45%
Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.19131314142121214242
Reserves676141212266360484661661984
Borrowings01142333936517983
Other Liabilities079581624982102160187224
Total Liabilities71692134293625016448949691,332
Fixed Assets099322093110131172180
CWIP000656900100
Investments462129193194193195202320316
Other Assets3987513979215338559477836
Total Assets71692134293625016448949691,332
Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity09757143-24147109267352254
Cash from Investing Activity0-91-43-15652-79-44-233-6789
Cash from Financing Activity0-7-328-17-49-64-72-282-142
Net Cash Flow0-2111512190-373200
Free Cash Flow0933492-2912997262316240
CFO/OP0%150%97%143%0%122%65%98%106%67%
Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days24818129141311141313
Inventory Days
Days Payable
Cash Conversion Cycle24818129141311141313
Working Capital Days81622-36-48-2426100192106122
ROCE %79%47%22%46%48%48%54%57%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters48.69%48.20%48.02%48.09%47.99%47.99%47.29%42.71%42.71%43.11%43.11%41.37%
FIIs1.84%3.01%4.86%5.02%5.32%5.75%4.85%4.90%5.56%6.66%5.78%6.37%
DIIs10.26%9.16%8.78%8.32%7.96%7.81%7.21%8.40%8.73%9.45%9.10%10.40%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%
Public39.21%39.64%38.35%38.56%38.72%38.45%40.64%43.99%43.00%40.78%42.01%41.86%
No. of Shareholders37,14144,36944,30768,25654,18952,39254,93859,18674,12173,90864,93180,729

Fundamentals

Market Cap₹ 34,879 Cr.
Current Price₹ 2,101
Stock P/E75.4
Book Value₹ 61.8
ROCE57.5 %
ROE45.3 %
Dividend Yield0.31 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)47%
Standalone figures.
Valuation
Market capRs 35,159 Cr
Enterprise valueRs 35,019 Cr
P/E (TTM)76.03x
Price to book34.30x
Price to sales30.42x
EV / EBITDA53.48x
EV / EBIT56.08x
EV / sales30.30x
Price to cash flow138.58x
Earnings yield1.32%
Dividend yield0.31%
P/E, 3-year average25.50x
P/B, 3-year average9.75x
P/E, 5-year average17.31x
P/B, 5-year average6.51x
Profitability
Operating margin (excl. other income)47.37%
Operating margin (incl. other income)47.37%
EBITDA margin56.66%
Pre-tax margin52.70%
Net profit margin40.01%
Net margin, latest quarter52.16%
ROE45.30%
ROCE57.47%
ROA34.03%
ROE, 3-year average41.75%
ROCE, 3-year average53.16%
ROA, 3-year average31.52%
ROE, 5-year average40.25%
ROCE, 5-year average50.65%
ROA, 5-year average30.60%
ROIC (approx.)52.36%
Tax rate25.77%
Other income / net worth0.00%
Growth
Sales growth (latest year)28.12%
Profit growth (latest year)32.50%
Sales CAGR, 3 years30.97%
Sales CAGR, 5 years35.95%
Profit CAGR, 3 years32.52%
Profit CAGR, 5 years54.69%
Sales growth QoQ12.88%
Profit growth QoQ59.66%
Sales growth YoY (latest quarter)18.21%
Profit growth YoY (latest quarter)76.97%
Per share
EPS (TTM)Rs 27.85
EPS (latest year)Rs 47.15
EPS (latest quarter)Rs 9.83
EPS, 3-year averageRs 45.22
EPS, 5-year averageRs 41.23
Book value per shareRs 61.74
Sales per shareRs 69.60
Cash flow per shareRs 15.28
Free cash flow per shareRs 14.45
Dividend per share (latest year)Rs 13.00
Dividend per share, 3-year averageRs 13.67
Dividend per share, 5-year averageRs 12.80
Dividends
Dividend payout27.57%
Dividend payout, 3-year average31.12%
Dividend payout, 5-year average31.92%
Efficiency
Asset turnover0.91x
Fixed asset turnover6.70x
Debtor days13 days
Debtors turnover29.18x
Cash conversion cycle13 days
Working capital days122 days
Leverage
Total debtRs 83 Cr
Cash and bankRs 223 Cr
Net debtRs -140 Cr
Debt to equity0.08x
Net debt / EBITDA-0.21x
Interest coverage40.79x
Current ratio (filing 2026-03-31)3.80x
Quick ratio (filing 2026-03-31)3.80x
Trade payables (filing 2026-03-31)Rs 0 Cr
Owners' fund to total sources76.94%
Debt to assets6.25%
Cash flow
Cash from Operating Activity (latest year)Rs 254 Cr
Cash from Investing Activity (latest year)Rs 89 Cr
Cash from Financing Activity (latest year)Rs -142 Cr
Net Cash Flow (latest year)Rs 200 Cr
Free cash flow (latest year)Rs 240 Cr
FCFE (approx.: FCF + change in debt)Rs 244 Cr
Cash from ops / profit, 5 years0.94x
Sales to cash flow4.76x
Statement figures
Net sales (TTM)Rs 1,156 Cr
Net sales (latest year)Rs 1,208 Cr
Sales (latest quarter)Rs 313 Cr
Operating profit excl. other income (latest year)Rs 572 Cr
Operating profit (latest quarter)Rs 108 Cr
Other income (TTM)Rs 200 Cr
EBITDA (TTM)Rs 655 Cr
PBDT (TTM)Rs 640 Cr
Profit before tax (TTM)Rs 609 Cr
Tax (latest year)Rs 136 Cr
Net profit (TTM)Rs 462 Cr
Net profit (latest year)Rs 391 Cr
Net profit (latest quarter)Rs 163 Cr
Depreciation (TTM)Rs 30 Cr
Depreciation (latest quarter)Rs 8 Cr
Interest (TTM)Rs 15 Cr
Cost of goods sold (latest year)Rs 16 Cr
Total expenditure (latest year)Rs 636 Cr
Total income (latest year)Rs 1,208 Cr
Share capitalRs 42 Cr
ReservesRs 984 Cr
Shareholders' fundsRs 1,025 Cr
Total assetsRs 1,332 Cr
Net blockRs 180 Cr
InvestmentsRs 316 Cr
ReceivablesRs 41 Cr
Other liabilitiesRs 224 Cr
Shares outstanding (crore)16.60
Ownership
Promoter holding41.37% (-1.34 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 76.0 is at the 76th percentile of its own 4.9-year range (median 64.1, low 21.2, high 103.5).
P/B 34.30 is at the 83th percentile (median 23.21).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodANANDRATHINifty 50Difference
1 week-2.3%-2.8% +0.5 pts
1 month-3.6%-6.8% +3.2 pts
3 months+2.7%-7.6% +10.3 pts
6 months+39.5%+0.4% +39.1 pts
1 year+47.3%-9.9% +57.3 pts
2 years+118.1%-13.6% +131.7 pts
3 years+403.9%+14.2% +389.8 pts
76 mutual fund schemes hold about ₹3,530 Cr. Over three months 36 bought more and 7 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Small Cap Fund2.94%1,046 -0%
SBI Small Cap Fund2.17%926 +2%
Canara Rob Small Cap Fund1.92%282 +3%
ICICI Pru Banking & Fin Serv Fund1.75%198 +6%
ICICI Pru Banking & Fin Serv Fund1.75%197 +6%
DSP Small Cap Fund0.82%179 -2%
Invesco India Smallcap Fund1.12%176 -8%
Invesco India Flexi Cap Fund0.96%55 +0%
Bank of India Small Cap Fund1.40%46 -16%
Tata Nifty Capital Markets Index Fund4.47%44 +13%
Motilal Oswal Active Momentum Fund3.27%38 -18%
Nippon India Nifty Smallcap 250 Index Fund0.89%31 +5%
Motilal Oswal Nifty Capital Market Index Fund4.47%30 +8%
TRUSTMF Small Cap Fund0.98%28 -2%
Axis Nifty Smallcap 50 Index Fund2.39%17 +0%
DSP Nifty Smallcap250 Quality 50 Index Fund5.22%17 -3%
SBI Nifty Smallcap 250 Index Fund0.89%16 +5%
Bandhan Nifty Alpha 50 Index Fund2.52%16 +2%
Union Active Momentum Fund2.78%15 +100%
Nippon India Nifty 500 Momentum 50 Index Fund1.16%14 +5%
Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund2.24%14 +11%
Capitalmind Flexi Cap Fund2.69%12 -12%
Samco Flexi Cap Fund4.60%12 +100%
Motilal Oswal Nifty Smallcap 250 Index Fund0.89%12 +5%
Motilal Oswal Nifty 500 Momentum 50 Index Fund1.16%10 +5%

Red flags

F-score 5 of 8
explainHigh accruals Profit exceeded operating cash by 10% of total assets in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2022-03-11Arjun Guha Thakurta-other816Rs 0.05 CrPledge Creation
2022-03-11Arjun Guha Thakurta-other27,900Rs 1.63 CrPledge Creation
2022-03-10Rajan Sarkar-buy1,020Rs 0.06 CrMarket Purchase
2022-03-09Rajan Sarkar-buy1,565Rs 0.09 CrMarket Purchase
2022-03-04Niranjan Babu-buy895Rs 0.05 CrMarket Purchase
2022-03-03Niranjan Babu-buy890Rs 0.05 CrMarket Purchase
2022-03-03Bharath Rajsingh Rathore-buy901Rs 0.05 CrMarket Purchase
2022-03-02Subhendu B Harichandan-buy2,520Rs 0.14 CrMarket Purchase
2022-03-02Bharath Rajsingh Rathore-buy899Rs 0.05 CrMarket Purchase
2022-03-02Niranjan Babu-buy900Rs 0.05 CrMarket Purchase
2022-02-28Subhendu B Harichandan-buy1,500Rs 0.08 CrMarket Purchase
2022-02-28Niranjan Babu-buy890Rs 0.05 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹313 Cr +18.1% vs Jun 2025. Net profit ₹163 Cr +77.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-03Bonus 1:10.5000
2026-05-15Dividend - Rs 7 Per Share
2025-10-17Interim Dividend - Rs 6 Per Share
2025-05-09Dividend - Rs 7 Per Share
2025-03-05Bonus 1:10.5000
2024-10-18Interim Dividend - Rs 7 Per Share
2024-06-03Dividend - Rs 9 Per Share
2024-06-03Buyback
2023-10-20Interim Dividend - Rs 5 Per Share
2023-05-29Dividend - Rs 7 Per Share
2022-10-20Interim Dividend - Rs 5 Per Share
2022-08-02Dividend - Rs 6 Per Share
2022-01-19Interim Dividend - Rs 5 Per Share
DateTypeWhat it says
2026-09-16Concall / analyst meetIntimation of meeting of Group of Individual Investor/Institutional investors/Analysts in Anand Rathi G200 Summit
2026-09-14General UpdatesARFME has received a certificate of registration from IFSCA as a Registered Fund Management Entity (Non-retail) at the International Financial Service...
2026-09-02AcquisitionIntimation of further investment through subscribing right issue of equity shares of its wholly owned subsidiary "Anand Rathi FME (IFSC) Private Limit...
2026-07-27Disclosure under SEBI TakeovAnand Rathi Wealth Limited has submitted to  the Exchange a copy of Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Sh...
2026-07-16General UpdatesAnand Rathi FME (IFSC) Private Limited, a wholly owned subsidiary of Anand Rathi Wealth Limited has received In-principle approval from the Internatio...
2026-07-15Concall / analyst meetQ1 & FY27 Earnings Call Transcript dated 10th July, 2026
2026-07-10Concall / analyst meetSchedule of meet of Group of Individual Investors Meetings on 16th July, 2026, 23rd July, 2026 and 30th July, 2026
2026-07-10Concall / analyst meetLink of Recording of Earnings Conference Call for Q1 & FY27 held on 10th July, 2026.
2026-07-09Integrated Filing- FinancialRevised Outcome of Board meeting held on Thursday, 09th July, 2026Board has approved the following:1. Unaudited financial results (standalone and cons...
2026-07-09Board meeting outcomeRevised Outcome of Board meeting held on Thursday, 09th July, 2026 board has, approved the following:1. Unaudited financial results (standalone and co...
2026-07-09Investor PresentationInvestor Presentation
2026-07-09Press ReleaseA press release dated July 09, 2026, titled "Press Release dated 09th July, 2026".
2026-07-09Board meeting outcomeAnand Rathi Wealth Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026. Board has approved/taken on record...
2026-07-02Concall / analyst meetSchedule of meet of Q1 & FY27 Earnings Conference Call for Investors and Analysts under SEBI (Listing Obligations and Disclosure Requirements) Regulat...
2026-06-16Disclosure under SEBI TakeovAnand Rathi Wealth Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Su...
2026-06-15Change in ManagementAppointment of Mr. Chintak Shah as Head-NRI .
2026-06-04General UpdatesIntimation of Allotment of Bonus Equity Shares
2026-06-01Change in ManagementAppointment of Mr. Chirag Ramesh Muni as Chief Process Officer.
2026-05-23Record DateThe Record Date as Wednesday, 03rd June, 2026 for ascertaining the eligibility of shareholders entitled for allotment of Bonus Equity Shares in the ra...
2026-05-21General UpdatesThe resolutions passed by the members in the 31st AGM of the Company
2026-05-21Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-05-21Shareholder meetingAnand Rathi Wealth Limited has submitted the Exchange about Voting results of 31st Annual General Meeting pursuant to Regulation 44 of SEBI (LODR) req...
2026-05-21Shareholder meetingShareholders meeting
2026-05-06Concall / analyst meetSchedule of meeting with group of Individual Investors on 11th May 2026.
2026-05-04Concall / analyst meetGroup of Individual Investors Meeting on 07th May, 2026
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest1.00
Max pain (expiry 2026-10-27)2,100
Largest call open interest at2,300
Largest put open interest at2,000
Implied volatility, at the money40.2%
Underlying at snapshot2,117.50
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03