Angel One Ltd

Angel One Ltd

₹ 2,719 1.56%
21 Nov - close price
About

Angel One Ltd is a diversified financial services company and is primarily engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, depository services and distribution of mutual funds, lending as a NBFC and corporate agents of insurance companies.[1]

Key Points

Service Offerings
The company's financial products and service offerings include broking services, research services, investment advisory, margin trading facility, loan against shares, distribution of third party financial products and investor education.[1]

  • Market Cap 24,523 Cr.
  • Current Price 2,719
  • High / Low 3,900 / 2,025
  • Stock P/E 18.2
  • Book Value 583
  • Dividend Yield 1.27 %
  • ROCE 38.7 %
  • ROE 44.3 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 71.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 45.9%
  • Company has been maintaining a healthy dividend payout of 33.3%
  • Debtor days have improved from 59.3 to 41.7 days.

Cons

  • Promoter holding has decreased over last 3 years: -8.16%

* 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
523 592 674 677 741 745 820 803 1,043 1,054 1,347 1,394 1,501
332 360 381 414 427 423 437 485 599 654 812 922 816
Operating Profit 190 232 292 264 314 322 383 318 444 400 535 473 685
OPM % 36% 39% 43% 39% 42% 43% 47% 40% 43% 38% 40% 34% 46%
9 8 1 1 1 11 5 3 2 2 2 5 2
Interest 18 18 18 20 24 25 21 18 26 36 56 56 75
Depreciation 4 5 5 6 7 8 9 9 11 13 16 22 25
Profit before tax 177 218 270 239 284 300 359 294 408 353 463 400 587
Tax % 25% 25% 25% 25% 25% 24% 26% 26% 25% 26% 25% 26% 25%
132 162 202 178 212 227 265 219 305 263 346 297 437
EPS in Rs 16.04 19.60 24.41 21.46 25.46 27.19 31.72 26.13 36.39 31.30 41.19 33.00 48.51
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
368 361 738 752 735 1,280 2,272 2,985 4,248 5,296
303 383 502 559 555 830 1,359 1,700 2,550 3,204
Operating Profit 65 -23 237 193 180 450 913 1,285 1,699 2,092
OPM % 18% -6% 32% 26% 24% 35% 40% 43% 40% 40%
13 111 13 11 7 8 2 16 6 10
Interest 29 50 89 67 50 43 74 91 137 223
Depreciation 10 10 12 18 20 17 18 29 49 76
Profit before tax 40 28 149 119 117 398 823 1,181 1,519 1,803
Tax % 36% 26% 32% 35% 26% 27% 25% 25% 25%
25 21 102 77 87 290 615 882 1,133 1,343
EPS in Rs 17.74 14.41 14.15 10.65 12.03 35.49 74.21 105.70 134.88 154.00
Dividend Payout % 32% 47% 96% 25% 22% 36% 37% 38% 26%
Compounded Sales Growth
10 Years: %
5 Years: 41%
3 Years: 49%
TTM: 55%
Compounded Profit Growth
10 Years: %
5 Years: 71%
3 Years: 57%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 37%
1 Year: -8%
Return on Equity
10 Years: %
5 Years: 42%
3 Years: 46%
Last Year: 44%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 72 72 72 82 83 83 84 90
Reserves 288 298 378 432 497 1,020 1,463 2,031 2,916 5,167
305 698 1,065 866 488 1,171 1,258 788 2,658 3,128
322 531 757 799 1,103 2,509 4,375 4,520 7,663 9,948
Total Liabilities 929 1,541 2,272 2,169 2,159 4,782 7,178 7,423 13,321 18,333
93 95 97 116 108 100 138 174 395 439
CWIP 3 1 0 1 2 0 12 62 0 0
Investments 101 101 95 95 95 83 83 83 433 434
732 1,345 2,080 1,957 1,954 4,599 6,945 7,104 12,492 17,460
Total Assets 929 1,541 2,272 2,169 2,159 4,782 7,178 7,423 13,321 18,333

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-151 -269 -318 654 622 -1,166 552 717 -239
-2 9 38 -9 -4 2 -39 -98 -553
98 334 253 -308 -445 896 -163 -908 1,448
Net Cash Flow -55 74 -28 337 174 -268 350 -289 656

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 434 865 78 104 19 65 91 45 42
Inventory Days
Days Payable
Cash Conversion Cycle 434 865 78 104 19 65 91 45 42
Working Capital Days 137 352 207 -242 -386 -237 -575 -477 -528
ROCE % 10% 19% 13% 14% 27% 35% 44% 39%

Shareholding Pattern

Numbers in percentages

18 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
43.68% 44.00% 43.83% 43.71% 43.68% 38.48% 38.30% 38.26% 38.23% 38.21% 35.63% 35.61%
5.44% 8.96% 10.54% 11.27% 17.25% 16.61% 17.04% 16.82% 19.11% 17.27% 15.36% 12.27%
8.57% 10.33% 8.92% 9.71% 9.27% 9.73% 10.25% 10.41% 9.32% 9.49% 14.03% 12.73%
42.31% 36.72% 36.70% 35.32% 29.80% 35.17% 34.42% 34.52% 33.33% 35.02% 34.99% 39.39%
No. of Shareholders 1,11,7551,01,0281,28,7871,21,0001,25,0671,42,3201,29,2111,31,8761,55,1942,00,3552,70,5283,81,346

* 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.

Documents

Concalls