
ANANDRATHI - Anand Rathi Wealth Limited Share Price
Capital Markets
Valuation | |
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Market Cap | 22.91 kCr |
Price/Earnings (Trailing) | 71.42 |
Price/Sales (Trailing) | 22.47 |
EV/EBITDA | 48.3 |
Price/Free Cashflow | 109.97 |
MarketCap/EBT | 53 |
Enterprise Value | 22.88 kCr |
Fundamentals | |
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Revenue (TTM) | 1.02 kCr |
Rev. Growth (Yr) | 15.8% |
Earnings (TTM) | 321.26 Cr |
Earnings Growth (Yr) | 27.9% |
Profitability | |
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Operating Margin | 42% |
EBT Margin | 42% |
Return on Equity | 46.72% |
Return on Assets | 33.42% |
Free Cashflow Yield | 0.91% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | 4.6% |
Price Change 1M | 24.8% |
Price Change 6M | 52.3% |
Price Change 1Y | 50.7% |
3Y Cumulative Return | 101.8% |
Cash Flow & Liquidity | |
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Cash Flow from Investing (TTM) | 46 Cr |
Cash Flow from Operations (TTM) | 244.05 Cr |
Cash Flow from Financing (TTM) | -279.1 Cr |
Cash & Equivalents | 44.07 Cr |
Free Cash Flow (TTM) | 208.28 Cr |
Free Cash Flow/Share (TTM) | 25.09 |
Balance Sheet | |
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Total Assets | 961.36 Cr |
Total Liabilities | 273.72 Cr |
Shareholder Equity | 687.63 Cr |
Current Assets | 524.18 Cr |
Current Liabilities | 195.99 Cr |
Net PPE | 172.85 Cr |
Inventory | 0.00 |
Goodwill | 2.49 Cr |
Capital Structure & Leverage | |
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Debt Ratio | 0.02 |
Debt/Equity | 0.03 |
Interest Coverage | 29.54 |
Interest/Cashflow Ops | 18.24 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 10.5 |
Dividend Yield | 0.39% |
Shares Dilution (1Y) | 0.10% |
Shares Dilution (3Y) | -0.30% |
Risk & Volatility | |
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Max Drawdown | 0.00% |
Drawdown Prob. (30d, 5Y) | 0.00% |
Risk Level (5Y) | 11.6% |
Summary of Latest Earnings Report from Anand Rathi Wealth
Summary of Anand Rathi Wealth's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
During the Q1 FY 2026 earnings call, Anand Rathi Wealth Limited management, led by Joint CEO Feroze Azeez, provided an optimistic outlook for the company's growth. Key highlights include:
Profit Growth: The company reported a 28% year-on-year increase in profits, reaching Rs.93.9 crore.
Assets Under Management (AUM): Total AUM grew by 27% year-on-year to Rs.87,797 crore, positioning the firm close to its ambitious target of Rs.1 lakh crore. The equity mutual fund share increased to 54%.
Record Net Mobilization: The company achieved its highest ever net mobilization at Rs.3,825 crore, showcasing significant growth in a quarter when overall mutual fund flows declined. Detailed rundown shows net inflows from:
- Equity mutual funds: Rs.1,983 crore
- Debt mutual funds: Rs.300 crore
- Structured products: Rs.1,063 crore
- Others: Rs.480 crore
Client Growth: The firm added approximately 600 new client families, bringing the total to 12,330, while maintaining a low client attrition rate of 0.11%.
Financial Guidance: The management confirmed they are on track with their guidance, having achieved 24% of the revenue target of Rs.1,175 crore and 25% of the PAT guidance of Rs.375 crore for the year in Q1.
Operational Efficiency: The profit margin improved to 33% in Q1 FY26 compared to 29.9% in Q1 FY25, with a return on equity at an annualized 44.4%.
The management emphasized that they remain committed to their long-term growth targets and expressed confidence in the sustainable demand for their wealth management services. With the strategic approach of nurturing internal talent and focusing on client retention, the firm positions itself to meet its ambitious targets for FY2026 and beyond.
Last updated:
Here are the major questions and their detailed answers from the Q&A section of the earnings transcript for Anand Rathi Wealth Limited's Q1 FY2025-26 earnings call:
Question 1: "Can you please provide data on inflows during the quarter and mutual funds and structured products as well?"
Answer: "The net inflows for the quarter totaled Rs. 3,825 crores. Specifically, equity mutual funds brought in Rs. 1,983 crores, while debt mutual funds accounted for Rs. 300 crores. Structured products had inflows of Rs. 1,063 crores, with the remaining Rs. 480 crores classified as other items."
Question 2: "Regarding OPEX growth, has there been a change in incentive structures or cost-cutting measures leading to high divergence from revenue growth?"
Answer: "The OPEX growth aligns with historical trends. We are seeing benefits from matured RMs whose incentives haven't yet activated. The fixed costs for RMs have increased, but incentive payouts have not surged, leading to more favorable efficiency metrics despite revenue growth."
Question 3: "What is the thought process behind the flat addition of RMs over the last three quarters?"
Answer: "The RM count being flat does not mean no hiring. We prioritize internal promotions over lateral hiring, promoting mature RMs when they're ready. Currently, we are training the next 100 RMs, and we plan to promote them based on readiness rather than arbitrary timelines."
Question 4: "What is the status of the GIFT City subsidiary and the international expansion to the U.K. and Bahrain?"
Answer: "We are in the early stages of obtaining licenses. The long-term vision is to attract more NRI investments into India, leveraging the GIFT City's tax efficiencies. We've learned from our Dubai experience and plan to build our international presence carefully to capitalize on the growing interest from NRIs."
Question 5: "Can you clarify the gap between AUM growth and PAT, which is lower than expected?"
Answer: "AUM reflects market conditions at a specific point in time, like a snapshot, whereas revenue is an ongoing process. We've met about 24% of our revenue guidance. The AUM growth has been strong, but revenue growth is affected by various factors, including market fluctuations affecting overall returns."
Share Holdings
Understand Anand Rathi Wealth ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
Shareholder Name | Holding % |
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Anand Rathi Financial Services Limited | 19.92% |
Anand Rathi | 9.97% |
Pradeep Kumar Gupta | 4.43% |
Amit Rathi | 3.09% |
Priti Pradeep Gupta | 2.66% |
Feroze Azeez - Azeez Family Trust | 2.53% |
Feroze Azeez | 2.05% |
Pradeep Kumar Gupta HUF | 1.79% |
M/S Jaipur Securities Private Limited | 1.48% |
Navratan Mal Gupta HUF | 1.41% |
Supriya Rathi | 1.15% |
Preeti Rawal - Suhas Gupta Family Trust | 1.05% |
Echjay Industries Private Limited | 1.01% |
Munix(India) Private Limited | 1% |
Twelfth Tier Property Limited | 0.43% |
Anand Rathi IT Private Limited | 0.36% |
Pooja Maru | 0.14% |
Aqua Proof Wall Plast Private Limited | 0.07% |
Tara Mantri | 0.03% |
Krishnav Pradeep Gupta | 0.02% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is Anand Rathi Wealth Better than it's peers?
Detailed comparison of Anand Rathi Wealth against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
MOTILALOFS | Motilal Oswal Financial Services | 54.68 kCr | 8.8 kCr | -2.40% | +51.70% | 19.62 | 6.21 | - | - |
360ONE | 360 ONE WAM | 41.09 kCr | 3.73 kCr | -14.90% | -1.80% | 36.9 | 11.03 | - | - |
NUVAMA | Nuvama Wealth Management | 24.6 kCr | 4.17 kCr | -6.50% | +11.20% | 24.73 | 5.9 | - | - |
Sector Comparison: ANANDRATHI vs Capital Markets
Comprehensive comparison against sector averages
Comparative Metrics
ANANDRATHI metrics compared to Capital
Category | ANANDRATHI | Capital |
---|---|---|
PE | 69.51 | 29.78 |
PS | 21.86 | 9.80 |
Growth | 24.5 % | 12.2 % |
Performance Comparison
ANANDRATHI vs Capital (2022 - 2025)
- 1. ANANDRATHI is among the Top 10 Capital Markets companies but not in Top 5.
- 2. The company holds a market share of 1.9% in Capital Markets.
- 3. In last one year, the company has had an above average growth that other Capital Markets companies.
Income Statement for Anand Rathi Wealth
Balance Sheet for Anand Rathi Wealth
Cash Flow for Anand Rathi Wealth
What does Anand Rathi Wealth Limited do?
Anand Rathi Wealth is a prominent Financial Products Distributor based in Mumbai, India. With a stock ticker of ANANDRATHI, the company boasts a market capitalization of Rs. 7,303.3 Crores.
The company offers a range of financial and insurance services, primarily focusing on distributing equity and debt mutual funds, non-principal protected structured products, and other financial instruments. Moreover, Anand Rathi Wealth operates a sophisticated technology platform designed for financial advisors. This platform includes features for client reporting, business dashboards, client engagement, online mutual fund transactions, and goal planning products.
Founded in 1995, Anand Rathi Wealth was originally known as Anand Rathi Wealth Services Limited before rebranding to its current name in January 2021.
In terms of financial performance, the company has recently reported trailing 12 months revenue of Rs. 936.5 Crores and a profit of Rs. 283.9 Crores over the past four quarters. Notably, Anand Rathi Wealth achieved a substantial revenue growth of 33.5% over the past year.
Anand Rathi Wealth also distributes dividends to its investors, currently yielding 0.6% annually, with a recent return of Rs. 10.5 dividend per share. The company is active in share buybacks, having repurchased 0.6% of its stock last year, which positively influences its share price.