Anand Rathi Wealth Ltd

Anand Rathi Wea. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Anand Rathi Wealth Ltd

₹ 3,634 3.39%
30 Jan - close price
rathi.com BSE: 543415 NSE: ANANDRATHI
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]

Website BSE NSE
  • Market Cap ₹ 15,173 Cr.
  • Current Price ₹ 3,634
  • High / Low ₹ 4,646 / 3,056
  • Stock P/E 53.6
  • Book Value ₹ 132
  • Dividend Yield 0.39 %
  • ROCE 50.7 %
  • ROE 40.3 %
  • Face Value ₹ 5.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 30.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 41.3%
  • Company has been maintaining a healthy dividend payout of 30.6%

Cons

  • Stock is trading at 27.5 times its book value
  • Working capital days have increased from 115 days to 201 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

Part of BSE 250 SmallCap Index Nifty Total Market BSE 500 Nifty 500 Multicap 50:25:25 BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
106 113 132 136 138 143 175 183 182 184 238 242 237
61 67 76 76 76 82 102 105 103 111 139 138 130
Operating Profit 44 46 56 60 62 61 73 77 80 73 98 104 107
OPM % 42% 41% 42% 44% 45% 43% 42% 42% 44% 40% 41% 43% 45%
3 2 2 2 2 4 3 6 5 13 8 7 7
Interest 0 1 1 1 1 1 1 2 2 2 1 3 4
Depreciation 4 3 4 4 4 4 5 5 5 5 6 6 7
Profit before tax 43 44 53 58 58 60 71 78 78 79 99 102 104
Tax % 25% 21% 25% 25% 26% 28% 25% 26% 26% 28% 26% 25% 26%
32 35 40 43 43 43 53 58 58 57 73 76 77
EPS in Rs 7.69 8.30 9.54 10.30 10.36 10.22 12.73 13.77 13.85 13.53 17.51 18.17 18.39
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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 TTM
280 336 273 424 559 752 901
179 225 195 240 310 421 519
Operating Profit 102 110 78 184 249 331 383
OPM % 36% 33% 28% 43% 45% 44% 42%
4 1 6 1 0 0 35
Interest 6 3 3 2 4 6 10
Depreciation 16 21 17 16 17 19 24
Profit before tax 83 87 64 168 228 306 384
Tax % 30% 29% 29% 24% 26% 26%
58 62 45 127 169 226 284
EPS in Rs 22.00 22.71 16.39 30.40 40.40 53.78 67.60
Dividend Payout % 0% 0% 31% 36% 30% 26%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 40%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 31%
3 Years: 71%
TTM: 34%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 84%
1 Year: 19%
Return on Equity
10 Years: %
5 Years: 39%
3 Years: 41%
Last Year: 40%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 14 14 21 21 21 21
Reserves 110 172 228 323 447 628 533
1 42 33 39 37 52 66
106 182 65 97 119 179 231
Total Liabilities 231 409 339 480 624 880 850
50 74 54 124 136 152 168
CWIP 32 65 69 0 0 1 1
Investments 75 103 104 104 106 112 113
75 166 111 253 383 614 569
Total Assets 231 409 339 480 624 880 850

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
67 140 -18 146 84 278
-42 -152 74 -77 -42 -237
-14 28 -19 -46 -64 -72
Net Cash Flow 11 17 37 22 -22 -32

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 14 10 15 13 11 14
Inventory Days
Days Payable
Cash Conversion Cycle 14 10 15 13 11 14
Working Capital Days -57 -34 -26 26 117 201
ROCE % 48% 25% 50% 51% 51%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
48.82% 48.82% 48.74% 48.74% 48.74% 48.75% 48.69% 48.20% 48.02% 48.09% 47.99% 47.99%
1.02% 0.90% 0.84% 0.81% 1.71% 2.11% 1.84% 3.01% 4.86% 5.02% 5.32% 5.75%
10.02% 11.32% 11.41% 11.82% 9.99% 9.72% 10.26% 9.16% 8.78% 8.32% 7.96% 7.81%
40.14% 38.95% 39.01% 38.63% 39.56% 39.42% 39.21% 39.64% 38.35% 38.56% 38.72% 38.45%
No. of Shareholders 45,43741,96039,02836,83135,64335,82137,14144,36944,30768,25654,18952,392

* 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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Documents

Announcements

Annual reports

DRHP

Concalls