Angel One Ltd logo

Angel One Ltd

ANGELONE NSE

Key Fundamentals

SmallcapStock BrokingCapital Markets
Market Cap
₹26,117 Cr
Volatility
Moderate
P/E Ratio
25.73
EBITDA
₹1,834 Cr
Return on Equity
14.88%
Debt to Equity
1.3
Book Value
₹66.96
EPS
₹132.93
52W High
₹360.45
52W Low
₹208.63

Insights

Beta

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

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47 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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

Technical Indicators

Key Insights

Strengths

3
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.1%
  • Company has been maintaining a healthy dividend payout of 103%
  • Company's median sales growth is 26.8% of last 10 years

Weaknesses

1
  • Promoter holding has decreased over last 3 years: -9.71%

Growth Rate

Revenue Growth
-1.82% ↗
Net Income Growth
-21.93% ↗
Cash Flow Change
-122.69% ↘
ROE
-28.39% ↘
ROCE
-18.02% ↗
EBITDA Margin (Avg.)
-6.17% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 6d ago
AI opinion · based on fundamentals
Risk high

Angel One Ltd is a capital markets company with a market cap of ₹26,802 Cr trading at a PE of 26x. The company has delivered strong historical growth (5-year sales CAGR of 32%, 5-year profit CAGR of 25%) but recent momentum has slowed significantly with TTM sales growth at 9% and TTM profit growth at just 4%, while ROE has declined from a 5-year average of 29% to 16% in the last year.

Bull Case 7
  • Strong long-term sales track record with 10-year compounded sales growth of 28% and median sales growth of 26.8% over the last decade
  • Impressive 5-year compounded profit growth of 25% and 10-year profit CAGR of 40% demonstrating scalable business model
  • Healthy 3-year ROE of 25.1% indicating efficient capital allocation relative to peers in the capital markets space
  • Generous dividend payout ratio of 103% with current dividend yield of 0.34%, returning substantially all earnings to shareholders
  • Price-to-book ratio of 4.39x is supported by historically high return on equity averaging 28% over 10 years
  • Stock price CAGR of 20% over 3 years and 19% over 5 years reflects sustained wealth creation
  • PE of 26x is reasonable for a company with a 5-year sales CAGR of 32%, implying a PEG ratio below 1 on historical growth
Bear Case 8
  • Sharp deceleration in profitability growth — TTM profit growth at just 4% versus 25% over 5 years, signaling margin pressure
  • ROE has dropped sharply from 29% (5-year average) to 16% in the last year, a 45% decline in return efficiency
  • Revenue growth has slowed dramatically from 32% (5-year CAGR) to just 9% TTM, suggesting market share or volume headwinds
  • Promoter holding has decreased by 9.71% over the last 3 years, indicating potential dilution or lack of promoter confidence
  • 3-year compounded profit growth of only 1% indicates near-stagnation in earnings over the medium term despite revenue growth
  • Dividend payout of 103% exceeds earnings, which is unsustainable long-term and limits reinvestment capacity for growth
  • Capital markets sector is highly cyclical and regulatory-sensitive — SEBI's tightening of F&O rules and margin requirements directly impacts broking volumes
  • At PE of 26x with TTM profit growth of only 4%, the stock's PEG ratio on current growth is approximately 6.5x, suggesting limited margin of safety

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

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Positives 2
  • Net profit surges 102% YoY Jul 19

    Q1FY27 consolidated net profit jumped 102.1% YoY to ₹2,313.98 million, with revenue up 25.4% to ₹14,296.91 million. EBITDA margin guidance maintained at 45-50%.

  • Funding book up 39.4% YoY Aug 5

    Average client funding book grew 39.4% YoY to ₹70.81 billion, reflecting increased client activity. Total client base reached 39.03 million, up 18.1% YoY.

Neutral 1
  • Investor meets in HK, Mumbai Aug 7

    Angel One scheduled analyst and investor meetings in Hong Kong (Aug 12) and Mumbai (Aug 17), relying on public data and the July 15 investor presentation.

TL;DR: Angel One is delivering strong earnings growth with Q1FY27 profit doubling YoY and a rapidly expanding client funding book. Client acquisition remains healthy at 39 million total users. No visible headwinds in recent news flow. The trend is clearly improving, though sustainability of triple-digit profit growth at scale bears watching.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
808
1,048
1,059
1,357
1,405
1,515
1,262
1,056
1,141
1,202
1,335
1,459
1,430
Expenses
487
605
661
827
935
843
766
713
866
786
806
861
945
Operating Profit
320
443
398
530
470
672
496
343
275
415
529
599
485
OPM %
40%
42%
38%
39%
33%
44%
39%
32%
24%
35%
40%
41%
34%
Other Income
4
1
2
1
5
1
2
2
3
2
3
8
4
Interest
18
26
36
56
56
75
84
80
83
93
127
134
129
Depreciation
9
11
13
17
23
26
27
29
30
31
32
33
35
PBT
297
407
351
459
397
572
387
236
164
294
373
440
325
Tax %
26%
25%
26%
26%
26%
26%
27%
26%
30%
28%
28%
27%
29%
Net Profit
221
304
260
340
293
423
281
175
114
212
269
320
231
EPS in Rs
2.63
3.63
3.1
4.05
3.25
4.7
3.12
1.93
1.26
2.33
2.96
3.52
2.53
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
450
451
440
770
778
748
1,289
2,292
3,002
4,272
5,239
5,138
5,426
Expenses
339
362
437
516
575
570
828
1,366
1,708
2,579
3,256
3,318
3,398
Operating Profit
112
90
3
254
203
178
460
926
1,294
1,693
1,983
1,820
2,028
OPM %
25%
20%
0.7%
33%
26%
24%
36%
40%
43%
40%
38%
35%
37%
Other Income
11
11
112
14
11
7
10
5
18
7
8
15
17
Interest
38
36
54
95
70
50
42
76
91
137
296
438
483
Depreciation
10
13
14
15
20
21
18
19
30
50
103
125
130
PBT
74
52
48
159
124
114
410
836
1,192
1,514
1,592
1,272
1,432
Tax %
37%
39%
35%
32%
36%
28%
28%
25%
25%
26%
26%
28%
—
Net Profit
47
32
31
108
80
82
297
625
890
1,126
1,172
915
1,032
EPS in Rs
3.27
2.21
2.16
1.5
1.11
1.14
3.63
7.54
10.67
13.4
12.98
10.05
11.34
Div. Payout %
13%
25%
31%
91%
24%
24%
35%
36%
37%
26%
37%
246%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
14
14
14
72
72
72
82
83
83
84
90
91
Reserves
332
355
375
403
459
519
1,049
1,502
2,078
2,955
5,531
6,027
Borrowings
333
358
772
1,125
872
491
1,171
1,258
788
2,541
3,414
7,951
Other Liabilities
295
411
641
767
805
1,108
2,511
4,378
4,528
7,674
7,853
9,835
Total Liabilities
974
1,139
1,803
2,367
2,209
2,190
4,814
7,220
7,478
13,254
16,889
23,904
Fixed Assets
121
122
123
116
134
124
115
152
187
409
499
505
CWIP
1
3
1
0
1
2
0
12
62
1
4
10
Investments
0
0
50
6
15
35
6
19
109
0
202
257
Other Assets
852
1,014
1,630
2,246
2,059
2,029
4,693
7,037
7,120
12,844
16,184
23,132
Total Assets
974
1,139
1,803
2,367
2,209
2,190
4,814
7,220
7,478
13,254
16,889
23,904
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
11
-77
-210
-309
689
643
-1,199
558
804
-330
-1,860
-4,142
Investing
-7
-13
-50
47
-6
-28
25
-52
-185
-91
-341
-111
Financing
2
40
350
239
-361
-449
894
-165
-908
1,331
1,917
3,656
Net Cash Flow
5
-51
91
-23
323
166
-280
340
-289
910
-284
-597
Free Cash Flow
0
-94
-222
-316
678
631
-1,213
488
704
-537
-2,023
-4,222
CFO/OP
28
-109
-6,159
-100
364
378
-239
84
84
3
-73
-209
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
218
361
712
75
101
19
64
90
45
42
21
31
Cash Conversion Cycle
218
361
712
75
101
19
64
90
45
42
21
31
Working Capital Days
122
119
-343
-284
127
-380
-235
-569
-474
-525
-497
-592
ROCE %
—
12%
11%
18%
13%
14%
27%
35%
44%
39%
26%
15%

Shareholding Pattern

As of Jun 2026
Public 34.87%
Promoters 28.59%
DIIs 20.35%
FIIs 13.76%
Others 2.43%
Government 0.01%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
44.55%
44.26%
43.77%
43.68%
44.00%
43.83%
43.71%
43.68%
38.48%
38.30%
38.26%
38.24%
38.21%
35.72%
35.63%
35.61%
35.57%
35.55%
28.97%
28.91%
28.87%
28.80%
28.59%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
3.30%
3.30%
2.69%
16.82%
19.11%
17.27%
0.00%
15.36%
12.27%
13.81%
13.05%
14.66%
13.11%
12.45%
12.80%
13.76%
DIIs
11.97%
9.09%
7.99%
8.38%
9.85%
8.23%
8.61%
9.27%
9.74%
8.71%
10.41%
9.32%
9.49%
11.84%
14.02%
12.73%
14.33%
14.28%
16.43%
14.87%
18.12%
18.88%
20.35%
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%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
Public
25.04%
27.67%
29.47%
30.69%
28.07%
28.39%
27.10%
27.09%
32.70%
31.40%
31.11%
30.32%
31.82%
29.75%
31.99%
36.02%
33.25%
34.10%
37.08%
40.21%
37.90%
37.21%
34.87%
Others
18.44%
18.99%
18.77%
17.25%
18.09%
19.54%
20.59%
16.67%
15.78%
18.91%
3.40%
3.01%
3.20%
22.70%
3.00%
3.37%
3.04%
3.01%
2.86%
2.90%
2.66%
2.31%
2.43%
No. of Shareholders
46,605
56,800
84,764
1,11,755
1,01,028
1,28,787
1,21,000
1,25,067
1,42,320
1,29,211
1,31,876
1,55,194
2,00,355
2,00,363
2,70,528
3,81,346
3,55,598
4,02,193
3,25,965
3,83,581
3,27,994
3,59,235
3,56,468

Documents

Frequently Asked Questions about Angel One Ltd

What does Angel One Ltd do?
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 i...
Where is Angel One Ltd (ANGELONE) listed?
Angel One Ltd is listed on the Indian stock exchanges. It is listed on NSE: ANGELONE and BSE: 543235. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Angel One Ltd belong to?
Angel One Ltd operates in the Capital Markets sector within the Stock Broking industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Angel One Ltd?
Angel One Ltd has a market capitalisation of approximately ₹26117.23 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Angel One Ltd?
The Price-to-Earnings (PE) ratio of Angel One Ltd is 25.73. 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 Angel One Ltd?
Over the past 52 weeks, Angel One Ltd has traded between a low of ₹208.63 and a high of ₹360.45. This range helps investors understand the stock's price volatility and recent trading levels.
Does Angel One Ltd pay dividends?
Yes, Angel One Ltd has a dividend yield of 0.34%. 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 Angel One Ltd?
Angel One Ltd has a Return on Equity (ROE) of 14.88%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Angel One Ltd on Tapetide?
On Tapetide, you can view Angel One 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

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]

Website angelbroking.com
CEO Mr. Dinesh Dariyanumal Thakkar
Employees 3,823
Listed 2020-10-05
Face Value ₹ 1
Issued Size 9,08,55,479

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