Anand Rathi Wealth Ltd logo

Anand Rathi Wealth Ltd

ANANDRATHI NSE

Key Fundamentals

SmallcapWealthCapital Markets
Market Cap
₹36,395 Cr
Volatility
Moderate
P/E Ratio
78.8
EBITDA
₹586 Cr
Return on Equity
39.25%
Debt to Equity
0.08
Book Value
₹60.11
EPS
₹58.61
52W High
₹2,230
52W Low
₹1,353.85

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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44 extracted metrics + investor summaries across FY16–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

5
  • Company is almost debt free.
  • Company has delivered good profit growth of 54.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 42.2%
  • Company has been maintaining a healthy dividend payout of 31.1%
  • Company's median sales growth is 29.8% of last 10 years

Weaknesses

3
  • Stock is trading at 35.2 times its book value
  • Promoter holding has decreased over last quarter: -1.74%
  • Earnings include an other income of Rs.200 Cr.

Growth Rate

Revenue Growth
27.78% ↗
Net Income Growth
32.05% ↘
Cash Flow Change
15.13% ↗
ROE
-10.27% ↘
ROCE
-8.03% ↘
EBITDA Margin (Avg.)
3.77% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Anand Rathi Wealth Ltd is a capital markets company with a market cap of Rs.36,655 Cr trading at a PE of 77.9x and PB of 35.4x. The company has delivered 33% compounded profit growth over 3 years with ROE consistently above 40%, but its valuation multiples are significantly elevated relative to earnings and book value.

Bull Case 8
  • Exceptional ROE of 45% in the last year and 42% average over 3 years, indicating highly efficient capital deployment
  • Strong compounded profit growth of 33% CAGR over 3 years and 55% over 5 years, demonstrating sustained earnings momentum
  • Company is almost debt free, reducing financial risk and interest burden on operations
  • Consistent sales growth with 31% CAGR over 3 years and median sales growth of 29.8% over the last 10 years
  • Healthy dividend payout ratio of 31.1% with current dividend yield of 0.59%, showing commitment to shareholder returns despite being a growth company
  • TTM profit growth of 47% significantly outpacing TTM sales growth of 23%, indicating margin expansion and operating leverage
  • Stock has delivered 58% return over 1 year and 83% CAGR over 3 years, reflecting strong market recognition of business quality
  • Compounded sales growth of 36% over 5 years demonstrates ability to scale the wealth management business over longer periods
Bear Case 8
  • Stock trades at 77.9x PE, which is significantly elevated even for a high-growth financial services company, leaving little margin of safety
  • Price-to-book ratio of 35.4x is extremely high, implying the market is pricing in years of exceptional growth continuation
  • Earnings include other income of Rs.200 Cr, raising questions about the quality and sustainability of reported profits
  • Promoter holding decreased by 1.74% in the last quarter, which may signal insider caution at current valuations
  • Capital markets sector is inherently cyclical — revenue and profit growth of 23% and 47% TTM could reverse during market downturns
  • At 77.9x PE, even a slight deceleration in the 33% profit CAGR could trigger significant multiple compression
  • Dividend yield of only 0.59% provides minimal downside cushion given the elevated valuation multiples
  • 5-year and 10-year stock CAGR data is unavailable, limiting the ability to assess longer-term wealth creation track record as a listed entity

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Headwinds 1
  • Pledge invoked on shares Jul 27

    Anand Rathi IT Private Limited invoked a pledge on 96,997 shares (0.11% of total share capital) on May 11, 2026, signaling potential internal financial stress or collateral requirements.

TL;DR: The only recent news for Anand Rathi Wealth is a minor pledge invocation covering just 0.11% of share capital by a group entity. While pledge invocations can signal liquidity needs within the promoter group, the small quantum limits immediate concern. Monitor for any escalation in pledge activity or further disclosures from group companies.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
168
175
175
177
229
234
228
213
265
286
279
277
313
Expenses
96
100
97
106
133
132
124
125
139
152
150
194
205
Operating Profit
71
75
78
71
96
102
104
89
125
134
130
83
108
OPM %
43%
43%
44%
40%
42%
44%
46%
42%
47%
47%
46%
30%
35%
Other Income
3
6
4
12
7
6
6
18
9
9
16
67
109
Interest
1
2
2
2
1
3
4
4
4
5
4
3
4
Depreciation
3
3
4
4
4
5
5
6
6
7
7
8
8
PBT
70
76
76
77
97
101
102
98
124
130
134
138
206
Tax %
25%
26%
26%
28%
26%
25%
26%
26%
26%
26%
26%
26%
21%
Net Profit
52
57
57
56
72
75
76
72
92
97
100
102
163
EPS in Rs
3.14
3.39
3.41
3.32
4.36
4.52
4.56
4.36
5.56
5.85
6.01
6.16
9.83
Figures in ₹ Crores

Profit & Loss

  Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1
214
275
327
260
408
538
720
943
1,208
1,156
Expenses
1
136
180
213
185
230
296
400
514
636
701
Operating Profit
0
78
95
114
75
178
242
320
429
572
455
OPM %
26%
36%
35%
35%
29%
44%
45%
44%
45%
47%
39%
Other Income
0
6
6
1
2
1
0
0
1
0
200
Interest
0
9
3
3
3
2
4
6
11
16
15
Depreciation
0
4
4
16
12
11
12
14
20
29
30
PBT
0
71
94
96
62
166
226
300
398
527
609
Tax %
21%
29%
30%
26%
29%
24%
26%
26%
26%
26%
—
Net Profit
0
50
65
71
44
125
168
221
295
391
462
EPS in Rs
2
9.36
6.06
6.59
4.02
7.54
10.08
13.23
17.8
23.58
27.85
Div. Payout %
0%
0%
0%
0%
31%
36%
30%
26%
39%
28%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.19
13
13
14
14
21
21
21
42
42
Reserves
6
76
141
212
266
360
484
661
661
984
Borrowings
0
1
1
42
33
39
36
51
79
83
Other Liabilities
0
79
58
162
49
82
102
160
187
224
Total Liabilities
7
169
213
429
362
501
644
894
969
1,332
Fixed Assets
0
9
9
32
20
93
110
131
172
180
CWIP
0
0
0
65
69
0
0
1
0
0
Investments
4
62
129
193
194
193
195
202
320
316
Other Assets
3
98
75
139
79
215
338
559
477
836
Total Assets
7
169
213
429
362
501
644
894
969
1,332
Figures in ₹ Crores

Cash Flow

  Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0
97
57
143
-24
147
109
267
352
254
Investing
0
-91
-43
-156
52
-79
-44
-233
-67
89
Financing
0
-7
-3
28
-17
-49
-64
-72
-282
-142
Net Cash Flow
0
-2
11
15
12
19
0
-37
3
200
Free Cash Flow
0
93
34
92
-29
129
97
262
316
240
CFO/OP
0
150
97
143
0
122
65
98
106
67
Figures in ₹ Crores

Ratios

  Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
248
18
12
9
14
13
11
14
13
13
Cash Conversion Cycle
248
18
12
9
14
13
11
14
13
13
Working Capital Days
816
22
-36
-48
-24
26
100
192
106
122
ROCE %
—
—
79%
47%
22%
46%
48%
48%
54%
57%

Shareholding Pattern

As of Jun 2026
Promoters 41.37%
Public 33.39%
DIIs 10.39%
Others 8.48%
FIIs 6.37%
Total 100.00%
  Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
48.82%
48.82%
48.82%
48.74%
48.74%
48.74%
48.74%
48.69%
48.20%
48.03%
48.09%
47.99%
47.99%
47.29%
42.72%
42.72%
43.11%
43.11%
41.37%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.86%
5.02%
5.32%
5.74%
4.85%
4.90%
5.56%
6.66%
5.78%
6.37%
DIIs
10.64%
10.02%
11.24%
11.30%
11.81%
9.99%
9.72%
10.12%
9.02%
8.78%
8.33%
7.96%
7.81%
7.21%
8.40%
8.74%
9.46%
9.10%
10.39%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
25.79%
25.71%
25.06%
22.59%
23.24%
23.54%
24.26%
25.56%
26.38%
26.22%
26.43%
26.44%
29.02%
31.25%
32.85%
32.65%
30.25%
32.18%
33.39%
Others
14.75%
15.45%
14.87%
17.36%
16.20%
17.73%
17.27%
15.63%
16.40%
12.11%
12.13%
12.29%
9.44%
9.38%
11.13%
10.34%
10.52%
9.83%
8.48%
No. of Shareholders
1,55,839
45,437
41,960
39,028
36,831
35,643
35,821
37,141
44,369
44,307
68,256
54,189
52,392
53,058
59,186
74,121
73,908
64,931
74,777

Documents

Frequently Asked Questions about Anand Rathi Wealth Ltd

What does Anand Rathi Wealth Ltd do?
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 po...
Where is Anand Rathi Wealth Ltd (ANANDRATHI) listed?
Anand Rathi Wealth Ltd is listed on the Indian stock exchanges. It is listed on NSE: ANANDRATHI and BSE: 543415. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Anand Rathi Wealth Ltd belong to?
Anand Rathi Wealth Ltd operates in the Capital Markets sector within the Wealth industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Anand Rathi Wealth Ltd?
Anand Rathi Wealth Ltd has a market capitalisation of approximately ₹36394.59 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Anand Rathi Wealth Ltd?
The Price-to-Earnings (PE) ratio of Anand Rathi Wealth Ltd is 78.80. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Anand Rathi Wealth Ltd?
Over the past 52 weeks, Anand Rathi Wealth Ltd has traded between a low of ₹1,353.85 and a high of ₹2,230. This range helps investors understand the stock's price volatility and recent trading levels.
Does Anand Rathi Wealth Ltd pay dividends?
Yes, Anand Rathi Wealth Ltd has a dividend yield of 0.60%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Anand Rathi Wealth Ltd?
Anand Rathi Wealth Ltd has a Return on Equity (ROE) of 39.25%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Anand Rathi Wealth Ltd on Tapetide?
On Tapetide, you can view Anand Rathi Wealth Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website rathi.com
CEO Mr. Anand Nanakishore Rathi
Employees 1,161
Listed 2021-12-14
Face Value ₹ 5
Issued Size 8,30,20,634

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