Angel One Ltd
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]
- Market Cap ₹ 23,800 Cr.
- Current Price ₹ 2,628
- High / Low ₹ 3,503 / 1,941
- Stock P/E 22.7
- Book Value ₹ 620
- Dividend Yield 1.81 %
- ROCE 26.3 %
- ROE 28.3 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 69.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.1%
- Company has been maintaining a healthy dividend payout of 33.0%
- Debtor days have improved from 36.0 to 20.7 days.
Cons
- Promoter holding has decreased over last quarter: -6.58%
* 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
Financial Services Financial Services Capital Markets Stockbroking & Allied
Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | Mar 2025 | TTM | |
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368 | 361 | 738 | 752 | 735 | 1,280 | 2,272 | 2,985 | 4,248 | 5,175 | 4,895 | |
303 | 383 | 502 | 559 | 555 | 830 | 1,359 | 1,700 | 2,550 | 3,157 | 3,063 | |
Operating Profit | 65 | -23 | 237 | 193 | 180 | 450 | 913 | 1,285 | 1,699 | 2,019 | 1,833 |
OPM % | 18% | -6% | 32% | 26% | 24% | 35% | 40% | 43% | 40% | 39% | 37% |
13 | 111 | 13 | 11 | 7 | 8 | 2 | 16 | 6 | 8 | 9 | |
Interest | 29 | 50 | 89 | 67 | 50 | 43 | 74 | 91 | 137 | 293 | 319 |
Depreciation | 10 | 10 | 12 | 18 | 20 | 17 | 18 | 29 | 49 | 100 | 106 |
Profit before tax | 40 | 28 | 149 | 119 | 117 | 398 | 823 | 1,181 | 1,519 | 1,634 | 1,417 |
Tax % | 36% | 26% | 32% | 35% | 26% | 27% | 25% | 25% | 25% | 26% | |
25 | 21 | 102 | 77 | 87 | 290 | 615 | 882 | 1,133 | 1,216 | 1,053 | |
EPS in Rs | 17.74 | 14.41 | 14.15 | 10.65 | 12.03 | 35.49 | 74.21 | 105.70 | 134.88 | 134.67 | 116.61 |
Dividend Payout % | 32% | 47% | 96% | 25% | 22% | 36% | 37% | 38% | 26% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 48% |
3 Years: | 32% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 69% |
3 Years: | 26% |
TTM: | -13% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 24% |
1 Year: | 22% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 38% |
3 Years: | 37% |
Last Year: | 28% |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
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 | 5,508 |
305 | 698 | 1,065 | 866 | 488 | 1,171 | 1,258 | 788 | 2,658 | 3,409 | |
322 | 531 | 757 | 799 | 1,103 | 2,509 | 4,375 | 4,520 | 7,663 | 7,816 | |
Total Liabilities | 929 | 1,541 | 2,272 | 2,169 | 2,159 | 4,782 | 7,178 | 7,423 | 13,321 | 16,823 |
93 | 95 | 97 | 116 | 108 | 100 | 138 | 174 | 395 | 475 | |
CWIP | 3 | 1 | 0 | 1 | 2 | 0 | 12 | 62 | 0 | 1 |
Investments | 101 | 101 | 95 | 95 | 95 | 83 | 83 | 83 | 433 | 435 |
732 | 1,345 | 2,080 | 1,957 | 1,954 | 4,599 | 6,945 | 7,104 | 12,492 | 15,912 | |
Total Assets | 929 | 1,541 | 2,272 | 2,169 | 2,159 | 4,782 | 7,178 | 7,423 | 13,321 | 16,823 |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
-151 | -269 | -318 | 654 | 622 | -912 | 552 | 717 | -239 | -1,812 | |
-2 | 9 | 38 | -9 | -4 | 2 | -39 | -98 | -553 | -151 | |
98 | 334 | 253 | -308 | -445 | 896 | -163 | -908 | 1,448 | 1,766 | |
Net Cash Flow | -55 | 74 | -28 | 337 | 174 | -14 | 350 | -289 | 656 | -197 |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 434 | 865 | 78 | 104 | 19 | 65 | 91 | 45 | 42 | 21 |
Inventory Days | ||||||||||
Days Payable | ||||||||||
Cash Conversion Cycle | 434 | 865 | 78 | 104 | 19 | 65 | 91 | 45 | 42 | 21 |
Working Capital Days | 137 | -353 | -319 | -652 | -386 | -237 | -575 | -477 | -528 | -503 |
ROCE % | 10% | 19% | 13% | 14% | 27% | 35% | 44% | 39% | 26% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 23 Jul
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
23 Jul - Angel One and LivWell form Rs 4bn JV for digital-first life insurance in India.
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Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. July 23, 2025, Under Regulation 30 Of SEBI (LODR), Regulations, 2015
23 Jul - Angel One to invest INR 1.04B for 26% stake in new life insurance JV with LivWell.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 Jul - Audio recordings of earnings call with analysts and investors under Regulation 30 of SEBI (LODR)
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Jul - Newspaper Advertisement for Unaudited Financial Results of the Company for the quarter ended June 30, 2025.
Annual reports
Concalls
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Jul 2025Transcript PPT REC
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Apr 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Oct 2024TranscriptNotesPPT
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Jul 2024Transcript PPT REC
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Apr 2024Transcript PPT REC
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Apr 2024TranscriptPPT
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Jan 2024Transcript PPT
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Oct 2023Transcript PPT
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Jun 2023TranscriptPPT
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Apr 2023Transcript PPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Jun 2022TranscriptPPT
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Apr 2022Transcript PPT
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Oct 2021Transcript PPT
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Jul 2021Transcript PPT
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May 2021Transcript PPT
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Apr 2021TranscriptNotesPPT
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Apr 2021Transcript PPT
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Feb 2021Transcript PPT
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Dec 2020TranscriptPPT
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Nov 2020Transcript PPT
Service Offerings
Angel One is India’s largest listed retail stock broking business. Its offerings include broking and advisory services, margin funding, and distribution of third-party financial products to its clients. It has expanded its third-party financial product offerings to include unsecured loans, motor insurance, and fixed deposits. [1]