Anand Rathi Wealth Ltd

Anand Rathi Wealth Ltd

₹ 4,063 -2.04%
20 Dec - 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
Anand Rathi Group, established in 1994 provides a wide range of Investment Services across asset classes, as well as Private Wealth, Institutional Equities, Investment Banking, Insurance Broking, and NBFC. The group has a presence with 1100 outlets spread across India and employs 4000+ professionals. [1] [2]

  • Market Cap 17,014 Cr.
  • Current Price 4,063
  • High / Low 4,646 / 2,500
  • Stock P/E 65.5
  • Book Value 140
  • Dividend Yield 0.34 %
  • ROCE 48.0 %
  • ROE 37.3 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.7%
  • Company has been maintaining a healthy dividend payout of 30.9%

Cons

  • Stock is trading at 29.1 times its book value
  • Working capital days have increased from 106 days to 192 days

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
98 102 109 128 132 133 137 168 175 175 177 229 234
56 58 64 73 72 72 78 96 100 97 106 133 132
Operating Profit 43 44 45 55 59 61 59 71 75 78 71 96 102
OPM % 43% 43% 41% 43% 45% 46% 43% 43% 43% 44% 40% 42% 44%
1 2 1 1 1 2 3 3 6 4 12 7 6
Interest 0 0 1 1 1 1 1 1 2 2 2 1 3
Depreciation 3 3 2 3 3 3 3 3 3 4 4 4 5
Profit before tax 41 43 43 53 57 58 59 70 76 76 77 97 101
Tax % 26% 25% 22% 25% 25% 26% 26% 25% 26% 26% 28% 26% 25%
30 32 34 39 43 43 43 52 57 57 56 72 75
EPS in Rs 7.25 7.66 8.18 9.48 10.23 10.29 10.36 12.56 13.57 13.64 13.27 17.27 17.92
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1 214 275 327 260 408 538 720 815
1 136 180 213 185 230 296 400 469
Operating Profit 0 78 95 114 75 178 242 320 346
OPM % 26% 36% 35% 35% 29% 44% 45% 44% 42%
0 6 6 1 2 1 0 0 30
Interest 0 9 3 3 3 2 4 6 8
Depreciation 0 4 4 16 12 11 12 14 17
Profit before tax 0 71 94 96 62 166 226 300 352
Tax % 21% 29% 30% 26% 29% 24% 26% 26%
0 50 65 71 44 125 168 221 260
EPS in Rs 8.22 37.45 24.22 26.37 16.07 30.14 40.34 52.94 62.10
Dividend Payout % 0% 0% 0% 0% 31% 36% 30% 26%
Compounded Sales Growth
10 Years: %
5 Years: 21%
3 Years: 40%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 71%
TTM: 33%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 92%
1 Year: 57%
Return on Equity
10 Years: %
5 Years: 35%
3 Years: 38%
Last Year: 37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.19 13 13 14 14 21 21 21 21
Reserves 6 76 141 212 266 360 484 661 564
0 1 1 42 48 39 36 51 66
0 79 58 162 35 82 102 160 210
Total Liabilities 7 169 213 429 362 501 644 894 861
0 9 9 32 20 93 110 131 150
CWIP 0 0 0 65 69 0 0 1 1
Investments 4 62 129 193 194 193 195 202 202
3 98 75 139 79 215 338 559 508
Total Assets 7 169 213 429 362 501 644 894 861

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 97 57 143 -24 147 109 267
0 -91 -43 -156 52 -79 -44 -233
0 -7 -3 28 -17 -49 -64 -72
Net Cash Flow 0 -2 11 15 12 19 0 -37

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 248 18 12 9 14 13 11 14
Inventory Days
Days Payable
Cash Conversion Cycle 248 18 12 9 14 13 11 14
Working Capital Days 816 22 -36 -48 -13 26 100 192
ROCE % 79% 47% 22% 45% 48% 48%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
48.82% 48.82% 48.82% 48.74% 48.74% 48.74% 48.75% 48.69% 48.20% 48.02% 48.09% 47.99%
1.03% 1.02% 0.90% 0.84% 0.81% 1.71% 2.11% 1.84% 3.01% 4.86% 5.02% 5.32%
11.08% 10.02% 11.32% 11.41% 11.82% 9.99% 9.72% 10.26% 9.16% 8.78% 8.32% 7.96%
39.07% 40.14% 38.95% 39.01% 38.63% 39.56% 39.42% 39.21% 39.64% 38.35% 38.56% 38.72%
No. of Shareholders 57,93945,43741,96039,02836,83135,64335,82137,14144,36944,30768,25654,189

* 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.

Click on the line-items to see the names of individual entities.

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