āagman

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

Angel One Ltd

NSE: ANGELONEF&O
₹313.00
+₹6.95 (+2.27%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹26,706 Cr
CMP
₹313.00
52-wk High / Low
₹2,867 / 209
P/E
25.9
P/B
4.4
Book Value
₹67.2
Div Yield
1.39%
ROCE
15.0%
ROE
15.6%
Face Value
₹1
D/E
1.30

Price−86.4% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 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
₹123
√(22.5 × EPS × book value per share)
ROIC
8.7%
vs 10.0% sector median
Cash flow to profit
−4.53
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+981
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
10.0%
ROE × earnings retention ratio
ROE stability
10.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.21FII +0.95DII +1.46
Latest quarter vs the previous one
Cash-accrual divergence
24.8%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 15% vs the 2026 sector median of 9.0%)
Watch-outs
−Borrowings are up 2120.9% since FY2016 (358 to 7951)
−Price trades below its 200-day moving average (0.4x)
−Price is 89.1% below its 52-week high
−Annualised volatility of 234.4% is in the high band (≥45%)
−Promoter holding fell by 9.9pp over the last year
−Piotroski F-Score of 1/9 is in the weak band (≤3)
−Balance-sheet accruals of 24.8% 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 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8081,0481,0591,3571,4051,5151,2621,0561,1411,2021,3351,4591,430
Expenses487605661827935843766713866786806861945
Operating Profit320443398530470672496343275415529599485
OPM %39.6%42.3%37.6%39.1%33.5%44.4%39.3%32.5%24.1%34.5%39.6%41.1%33.9%
Other Income4121512232384
Interest18263656567584808393127134129
Depreciation9111317232627293031323335
Profit before tax297407351459397572387236164294373440325
Net Profit221304260340293423281175114212269320231
EPS (₹)2.633.633.104.053.254.703.121.931.262.332.963.522.53

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4504514407707787481,2892,2923,0024,2725,2395,1385,426
Expenses3393624375165755708281,3661,7082,5793,2563,3183,398
Operating Profit1129032542031784609261,2941,6931,9831,8202,028
OPM %24.9%20.0%0.7%33.0%26.1%23.8%35.7%40.4%43.1%39.6%37.9%35.4%37.4%
Other Income11111121411710518781517
Interest383654957050427691137296438483
Depreciation10131415202118193050103125130
Profit before tax7452481591241144108361,1921,5141,5921,2721,432
Net Profit47323110880822976258901,1261,1729151,032
EPS (₹)3.272.212.161.501.111.143.637.5410.6713.4012.9810.0511.34

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital141414727272828383849091—
Reserves3323553754034595191,0491,5022,0782,9555,5316,027—
Borrowings3333587721,1258724911,1711,2587882,5413,4147,951—
Other Liabilities2954116417678051,1082,5114,3784,5287,6747,8539,835—
Total Liabilities9741,1391,8032,3672,2092,1904,8147,2207,47813,25416,88923,904—
Fixed Assets121122123116134124115152187409499505—
CWIP131012012621410—
Investments0050615356191090202257—
Other Assets8521,0141,6302,2462,0592,0294,6937,0377,12012,84416,18423,132—
Total Assets9741,1391,8032,3672,2092,1904,8147,2207,47813,25416,88923,904—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity11−77−210−309689643−1,199558804−330−1,860−4,142
Cash from Investing Activity−7−13−5047−6−2825−52−185−91−341−111
Cash from Financing Activity240350239−361−449894−165−9081,3311,9173,656
Net Cash Flow5−5191−23323166−280340−289910−284−597

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—12.011.018.013.014.027.035.044.039.026.015.0
ROE %———————————15.6
EPS (₹)3.272.212.161.501.111.143.637.5410.6713.4012.9810.05
Book Value (₹)———————————67.2
Face Value (₹)———————————1
P/E———————————25.9
Div Yield %———————————1.39
NPM %10.26.95.613.810.110.922.927.229.526.322.317.8
OPM %25.020.00.733.026.024.036.040.043.040.038.035.0
D/E0.960.971.982.371.640.831.040.790.360.840.611.30
P/B———————————4.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+28.0%
5 years+32.0%
3 years+20.0%
TTM+9.0%
Compounded profit growth
10 years+40.0%
5 years+25.0%
3 years+1.0%
TTM+4.0%
Stock price CAGR
5 years+15.0%
3 years+11.0%
Last year+27.0%
Return on equity
10 years28.0%
5 years29.0%
3 years25.0%
Last year16.0%

Shareholding pattern

As of 31 Mar 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters44.55%44.55%44.00%38.48%38.21%35.55%28.80%28.59%
FIIs5.01%5.01%8.96%16.61%17.27%13.05%12.81%13.76%
DIIs11.97%11.97%10.33%9.73%9.49%14.27%18.88%20.34%
Government—0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public38.47%38.47%36.72%35.17%35.02%37.12%39.52%37.30%
No. of shareholders46,60546,6051,01,0281,42,3202,00,3554,02,1933,59,2353,56,468
Change since Jun 2023 (pp)
Promoters −15.96FIIs +8.75DIIs +8.37Public −1.17

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Intimation Of Grant Of Options Under Angel Broking Employee Long Term Incentive Plan 2021.Record Date For Second Interim Dividend For FY 2026-27Update on board meetingAnnouncement under Regulation 30 (LODR)-Monthly Business Updates
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingJul 2026PPTApr 2026TranscriptApr 2026PPTApr 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingJan 2026PPT

Corporate actions

As of 21 Jul 2026
21 Jul 2026DIVIDENDInterim Dividend - Re 1 Per Share—
27 Mar 2026DIVIDENDInterim Dividend - Rs 1.75 Per Share—
26 Feb 2026SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share10 : 1
21 Jan 2026DIVIDENDInterim Dividend - Rs 23 Per Share—
30 May 2025DIVIDENDDividend - Rs 26 Per Share—
20 Mar 2025DIVIDENDInterim Dividend - Rs 11 Per Share—
21 Jan 2025DIVIDENDInterim Dividend - Rs 11 Per Share—
23 Jan 2024DIVIDENDInterim Dividend - Rs 12.70 Per Share—
20 Oct 2023DIVIDENDInterim Dividend - Rs 12.70 Per Share—
21 Jul 2023DIVIDENDInterim Dividend - Rs 9.25 Per Share—
16 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 4 Per Share—
31 Mar 2023DIVIDENDInterim Dividend - Rs 9.60 Per Share—
24 Jan 2023DIVIDENDInterim Dividend - Rs 9.60 Per Share—
20 Oct 2022DIVIDENDInterim Dividend - Rs 9 Per Share—
21 Jul 2022DIVIDENDInterim Dividend - Rs 7.65 Per Share—
8 Apr 2022DIVIDENDInterim Dividend - Rs 7 Per Share—
24 Jan 2022DIVIDENDInterim Dividend - Rs 7 Per Share—
27 Oct 2021DIVIDEND Interim Dividend - Rs 5.70 Per Share—
23 Jul 2021DIVIDEND Interim Dividend - Rs 5.15 Per Share—
29 Apr 2021DIVIDEND Interim Dividend - Rs 7.50 Per Share—
2 Nov 2020DIVIDEND Interim Dividend - Rs 4.15 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman