
ANGELONE - ANGEL ONE LIMITED Share Price
Capital Markets
Valuation | |
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Market Cap | 23.11 kCr |
Price/Earnings (Trailing) | 23.16 |
Price/Sales (Trailing) | 4.64 |
EV/EBITDA | 12.47 |
Price/Free Cashflow | -11.5 |
MarketCap/EBT | 17 |
Enterprise Value | 22.35 kCr |
Fundamentals | |
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Revenue (TTM) | 4.98 kCr |
Rev. Growth (Yr) | -18.9% |
Earnings (TTM) | 993.82 Cr |
Earnings Growth (Yr) | -60.9% |
Profitability | |
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Operating Margin | 27% |
EBT Margin | 27% |
Return on Equity | 17.62% |
Return on Assets | 5.88% |
Free Cashflow Yield | -8.7% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | -0.70% |
Price Change 1M | -6.7% |
Price Change 6M | 5.8% |
Price Change 1Y | 18.7% |
3Y Cumulative Return | 25.6% |
Cash Flow & Liquidity | |
---|---|
Cash Flow from Investing (TTM) | -340.82 Cr |
Cash Flow from Operations (TTM) | -1.86 kCr |
Cash Flow from Financing (TTM) | 1.92 kCr |
Cash & Equivalents | 759.22 Cr |
Free Cash Flow (TTM) | -2.01 kCr |
Free Cash Flow/Share (TTM) | -221.98 |
Balance Sheet | |
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Total Assets | 16.89 kCr |
Total Liabilities | 11.25 kCr |
Shareholder Equity | 5.64 kCr |
Net PPE | 420.43 Cr |
Inventory | 0.00 |
Goodwill | 0.00 |
Capital Structure & Leverage | |
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Debt Ratio | 0.00 |
Debt/Equity | 0.00 |
Interest Coverage | 3.22 |
Interest/Cashflow Ops | -4.77 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 48 |
Dividend Yield | 1.88% |
Shares Dilution (1Y) | 0.50% |
Shares Dilution (3Y) | 9% |
Risk & Volatility | |
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Max Drawdown | -18.2% |
Drawdown Prob. (30d, 5Y) | 64.45% |
Risk Level (5Y) | 43.6% |
Summary of Latest Earnings Report from ANGEL ONE
Summary of ANGEL ONE'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:
The management of Angel One shared an optimistic outlook during the Q1 FY '26 earnings call, highlighting the vast growth potential in India's financial services landscape. Key forward-looking points included:
Demographics and Market Penetration: Only about 115 million unique PAN holders have a demat account, indicative of the untapped market. The current mutual fund Assets Under Management (AUM) is less than 20% of GDP, and insurance penetration remains low compared to global standards.
Client Acquisition and Market Share: The company highlighted its strategy to maintain and consolidate market share, particularly focusing on Tier 2 and 3 cities where 90% of new clients are sourced. This positions Angel One well to capitalize on the increasing wealth among India's younger population.
SIP Contributions: The industry saw SIP inflows of over Rs.270 billion monthly, with Angel One being the second-largest contributor to new SIP registrations.
Credit Business Expansion: The company aims to build its credit portfolio, having distributed Rs.2.3 billion in credit this quarter, with cumulative disbursements reaching Rs.9.3 billion within a year of launch.
Technological Integration: Angel One continues to invest in AI and machine learning, enhancing client engagement and operational efficiency. This includes AI-powered nudges and predictive models.
Performance Metrics: In Q1 FY '26, the firm added 1.5 million clients, with a 16.3% market share in total demat accounts and 21.7% in new acquisitions. Net revenues increased to Rs.8.9 billion, reflecting a 7.3% quarter-on-quarter growth, while the total client funding book reached Rs.48 billion.
Long-Term Vision: Management reiterated its goal to become India's most trusted fintech brand, emphasizing a multi-product strategy that spans broking, credit, mutual funds, and asset management, all geared towards enhancing client experience.
These points underscore Angel One's strategic focus on technological advancement, market penetration, and client engagement as it navigates the evolving financial landscape.
Last updated:
Q1 FY '26 Earnings Call - Major Q&A Summary:
Swarnabha Mukherjee: "What are your thoughts on the current trend in orders and client acquisition? Has the payback period changed or extended?"
Answer: We've seen 7%-8% revenue growth this quarter. While FIIs were absent last year, we believe returning retail activity will support market momentum. Our OPM is expected to normalize by Q4. Regarding client acquisition costs, it remains consistent; we focus on revenue justification. New businesses may impact margins by 2%-2.5% until they reach breakeven.
Prayesh Jain: "What are the revenues for your wealth and AMC businesses? Also, how do you foresee the effective tax rate going forward?"
Answer: The wealth distribution contributes 3% to total revenue, but asset management and wealth revenues are mixed in commissions and interest income. As for the effective tax rate, it's higher this quarter (around 30%) due to losses from some businesses and CSR impacts. We expect it to stabilize as these businesses grow.
Nidhesh Jain: "Can you share customer economics and retention rates for wealth AUM? Also, what's the budget for ESOP expenses?"
Answer: Customer acquisition costs remain stable. Our LTV to CAC is still 6x, but we'll reassess this after several quarters. Regarding retention on wealth AUM, we currently don't disclose specifics but align with market norms. For ESOPs, future expenses are projected around Rs.55 crores per quarter.
Pradyumna Choudhary: "How do you see F&O market share evolving in the upcoming months?"
Answer: We maintain market share through increased customer acquisition. Overall retail growth for F&O remains robust, but we expect gradual share gains as volumes increase. Market behavior is influenced by external factors, and while we anticipate a recovery, we don't foresee direct impacts from fluctuations like the Jane Street incident.
Raj Vyas: "What is the reason behind declining promoter shareholding?"
Answer: The decrease is due to professionals taking charge and the allocation of ESOPs, which dilutes promoter holdings. Some promoters have also declassified themselves as such. No shares have been sold in the market.
These responses were crafted to provide detailed answers while adhering to the character limit specified.
Share Holdings
Understand ANGEL ONE 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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Dinesh Dariyanumal Thakkar | 18.52% |
Nirwan Monetary Services Pvt Ltd | 6.7% |
Mukesh Ramanlal Gandhi | 5.07% |
Nippon Life India Trustee Ltd-A/C Nippon India Growth Fund | 4.24% |
Deepak Tarachand Thakkar | 2.97% |
Ashok Daryanimal Thakkar | 2.87% |
Lalit Tarachand Thakkar | 2.75% |
Rahul Lalit Thakkar | 2.38% |
Bharat C Shah | 2.36% |
Anuradha Lalit Thakkar | 2.32% |
Nishith Jitendra Shah | 2.21% |
Bofa Securities Europe Sa - Odi | 2.15% |
Bela Mukesh Gandhi | 2.13% |
Motilal Oswal Large And Midcap Fund | 1.95% |
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund | 1.71% |
Goldman Sachs Funds - Goldman Sachs India Equity Portfolio | 1.21% |
Dinesh D Thakkar Huf | 0.68% |
Bhagwani Tarachand Thakkar | 0.09% |
Tarachand Daryanumal Thakker | 0.09% |
Kanta Dinesh Thakkar | 0.01% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is ANGEL ONE Better than it's peers?
Detailed comparison of ANGEL ONE 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 | 54.29 kCr | 8.8 kCr | -2.10% | +52.00% | 19.48 | 6.17 | - | - |
GEOJITFSL | Geojit Financial Services | 2 kCr | 721.44 Cr | -15.50% | -34.70% | 12.47 | 2.78 | - | - |
SMCGLOBAL | SMC Global Securities | 1.45 kCr | 1.76 kCr | -9.80% | -4.60% | 11.81 | 0.82 | - | - |
5PAISA | 5paisa Capital | 1.15 kCr | 335.34 Cr | -10.60% | -20.40% | 19.31 | 3.44 | - | - |
Sector Comparison: ANGELONE vs Capital Markets
Comprehensive comparison against sector averages
Comparative Metrics
ANGELONE metrics compared to Capital
Category | ANGELONE | Capital |
---|---|---|
PE | 23.16 | 18.05 |
PS | 4.64 | 4.73 |
Growth | 2.1 % | 6.7 % |
Performance Comparison
ANGELONE vs Capital (2021 - 2025)
- 1. ANGELONE is among the Top 5 Stockbroking & Allied companies by market cap.
- 2. The company holds a market share of 14.1% in Stockbroking & Allied.
- 3. In last one year, the company has had a below average growth that other Stockbroking & Allied companies.
Income Statement for ANGEL ONE
Balance Sheet for ANGEL ONE
Cash Flow for ANGEL ONE
What does ANGEL ONE LIMITED do?
ANGEL ONE is a dynamic Stockbroking & Allied company listed under the ticker ANGELONE, with a market capitalization of Rs. 21,246.8 Crores.
The company offers a wide range of services including broking and advisory services, margin funding, and loans against shares. It caters to clients across India through several segments:
- Broking and Related Services
- Finance and Investing Activities
- Health and Allied Fitness Activities
ANGEL ONE leverages online and digital platforms to provide broking services and features a diverse array of financial products, including equity, commodities, derivatives, and currency derivatives.
Clients can also access portfolio management, investment advisory, and several trading services like intraday trading, trading accounts, and DEMAT accounts. Additionally, the company has ventured into financing, investment activities, and operates fitness centers.
Previously known as Angel Broking Limited, the company rebranded to Angel One Limited in September 2021. Established in 1996 and based in Mumbai, India, ANGEL ONE reported a trailing 12 months revenue of Rs. 5,548.4 Crores.
The company is also known for returning value to its investors, with a dividend yield of 0.93% per year. In the last 12 months, it distributed a dividend of Rs. 22 per share. However, it's important to note that ANGEL ONE has diluted shareholder stakes in recent years by approximately 9%.
Despite this, the company remains profitable, posting a profit of Rs. 1,337.5 Crores over the last four quarters, and has demonstrated impressive revenue growth of 172.2% in the past three years.