āagman

Not investment advice. Data and computed figures, for information only.

Anand Rathi Wealth Ltd

NSE: ANANDRATHIF&O
₹2,142.60
+₹25.40 (+1.20%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹33,851 Cr
CMP
₹2,142.60
52-wk High / Low
₹3,735 / 1,711
P/E
74.5
P/B
26.4
Book Value
₹77.3
Div Yield
0.32%
ROCE
59.0%
ROE
47.3%
Face Value
₹5
D/E
0.08

Price−27.5% over 1Y

āagman read

Computed by āagman
Derived from 8 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
1
/ 9
1 of 9 F-score tests passed
Graham Number
₹204
√(22.5 × EPS × book value per share)
ROIC
37.8%
vs 10.0% sector median
Cash flow to profit
0.71
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−1,212
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
36.0%
ROE × earnings retention ratio
ROE stability
3.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −1.74FII +0.59DII +1.30
Latest quarter vs the previous one
Cash-accrual divergence
10.1%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 49% vs the 2022 sector median of 13.5%)
+FII holding rose by 4.7pp over the last year
Watch-outs
−Price trades below its 200-day moving average (0.8x)
−Price is 42.6% below its 52-week high
−Annualised volatility of 71.8% is in the high band (≥45%)
−Promoter holding fell by 7.4pp over the last year
−Piotroski F-Score of 1/9 is in the weak band (≤3)
−Balance-sheet accruals of 10.1% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Sep 2026
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales183182184238242237222274297290288322344
Expenses105103111139138130131146160158203213227
Operating Profit778073981041079112813713185109117
OPM %42.1%44.0%39.7%41.2%43.0%45.1%41.0%46.7%46.1%45.2%29.5%33.9%34.0%
Other Income6513877191010166811013
Interest2221344454343
Depreciation55566778891099
Profit before tax7878799910210499126134135140206117
Net Profit585857737677749410010010316389
EPS (₹)3.443.463.384.424.584.644.425.645.986.026.219.805.36

Profit & Loss

As of 30 Sep 2026
Consolidated · ₹ Cr · 9 years + TTM
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTMSep 2026TTM
Sales2803362734245597529801,2531,197—1,243
Expenses179225196240310421539667734—802
Operating Profit10211077184249331441586462—442
OPM %36.4%32.7%28.2%43.4%44.5%44.0%45.0%46.8%38.6%—35.6%
Other Income41610010205—207
Interest633246121615—14
Depreciation162118161719253436—37
Profit before tax838763168228306405536616—599
Net Profit586245127169226301397467—456
EPS (₹)5.505.674.067.6010.1013.4418.0623.8328.01—27.39

Balance Sheet

As of 30 Sep 2026
Consolidated · ₹ Cr
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026Sep 2026Sep 2026
Equity Capital1314142121214242—83—
Reserves110172228323447628632957—1,200—
Borrowings142483937527983—69—
Other Liabilities1061825197119179208247—249—
Total Liabilities2314093404806248809611,329—1,602—
Fixed Assets507455124136152188191—174—
CWIP32656900100—0—
Investments75103104104106112244265—358—
Other Assets75166111253383614530873—1,070—
Total Assets2314093404806248809611,329—1,602—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity67140−1814584278244281
Cash from Investing Activity−42−15274−77−42−2374664
Cash from Financing Activity−1428−19−46−64−72−279−142
Net Cash Flow11173722−22−3211202

Ratios

As of 31 Mar 2026
8 periods
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—48.024.049.051.051.056.059.0
ROE %———————47.3
EPS (₹)5.505.674.067.6010.1013.4418.0623.83
Book Value (₹)———————77.3
Face Value (₹)———————5
P/E———————74.5
Div Yield %———————0.32
NPM %20.418.416.129.930.230.130.731.7
OPM %36.033.028.043.045.044.045.047.0
D/E0.010.230.200.110.080.080.120.08
P/B———————26.4

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+36.0%
3 years+31.0%
TTM+21.0%
Compounded profit growth
5 years+55.0%
3 years+33.0%
TTM+32.0%
Stock price CAGR
3 years+62.0%
Last year+38.0%
Return on equity
5 years44.0%
3 years45.0%
Last year47.0%

Shareholding pattern

As of 31 Dec 2024
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters48.82%48.82%48.74%48.02%47.29%43.11%41.37%
FIIs1.02%1.02%1.71%4.86%4.85%5.78%6.37%
DIIs10.02%10.02%9.99%8.78%7.21%9.10%10.40%
Government0.00%0.00%0.00%0.00%0.01%0.00%0.00%
Public40.14%40.14%39.56%38.35%40.64%42.01%41.86%
No. of shareholders45,43745,43735,64344,30754,93864,93180,729
Change since Jun 2023 (pp)
Promoters −7.45FIIs +5.35DIIs +0.38Public +1.72

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationAnnouncement under Regulation 30 (LODR)-Investor PresentationCorporate Action-Board approves DividendAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseIntegrated Filing For The Second Quarter And Half Year Ended 30Th September, 2026
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Concalls
Oct 2026PPTJul 2026TranscriptJul 2026PPTJul 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025Recording

Corporate actions

As of 15 Oct 2026
15 Oct 2026DIVIDENDInterim Dividend - Rs 4 Per Share—
3 Jun 2026BONUSBonus 1:1—
15 May 2026DIVIDENDDividend - Rs 7 Per Share—
17 Oct 2025DIVIDENDInterim Dividend - Rs 6 Per Share—
9 May 2025DIVIDENDDividend - Rs 7 Per Share—
5 Mar 2025BONUSBonus 1:1—
18 Oct 2024DIVIDENDInterim Dividend - Rs 7 Per Share—
3 Jun 2024DIVIDENDDividend - Rs 9 Per Share—
20 Oct 2023DIVIDENDInterim Dividend - Rs 5 Per Share—
29 May 2023DIVIDENDDividend - Rs 7 Per Share—
20 Oct 2022DIVIDENDInterim Dividend - Rs 5 Per Share—
2 Aug 2022DIVIDENDDividend - Rs 6 Per Share—
19 Jan 2022DIVIDENDInterim Dividend - Rs 5 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman