Anand Rathi Wealth

₹3954.8 56.8 | 1.5%

WEBSITE BSE:543415 NSE : ANANDRATHI 10 May, 16:01

Market Cap ₹16542 Cr.

Stock P/E 73.4

P/B 25.5

Current Price ₹3954.8

Book Value ₹ 155.1

Face Value 5

52W High ₹4246

Dividend Yield 0.35%

52W Low ₹ 835.8

Edit Ratio

Anand Rathi Wealth Research see more...

Overview Inc. Year: 1995Industry: Finance - Others

Anand Rathi Wealth Ltd, a non-financial institution wealth solution company, engages within the distribution and sale of financial products. It distributes equity and debt mutual funds; purchases and sells non-convertible market linked debentures; and different economic merchandise, together with bonds. The company operates a generation platform for independent financial advisors, which comprises client reporting, business dashboard, client engagement, online mutual fund transactions, and aim planning merchandise. As of December 31, 2021, it served about 6,910 customers in India and the world over. The business enterprise was formerly called Anand Rathi Wealth Services Ltd and changed its name to Anand Rathi Wealth Ltd in January 2021. Anand Rathi Wealth Ltd incorporated in 1995 and is based in Mumbai, India.

Anand Rathi Wealth Share Price

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Peer Comparison

Anand Rathi Wealth Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	106	113	132	136	138	143	175	183	182	184
Other Income	3	2	2	2	2	4	3	6	5	13
Total Income	109	115	134	138	140	147	178	189	187	197
Total Expenditure	61	67	76	76	76	82	102	105	103	111
Operating Profit	47	48	58	62	64	65	77	84	85	86
Interest	0	1	1	1	1	1	1	2	2	2
Depreciation	4	3	4	4	4	4	5	5	5	5
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	43	44	53	58	58	60	71	78	78	79
Provision for Tax	11	9	13	15	15	17	18	20	20	22
Profit After Tax	32	35	40	43	43	43	53	58	58	57
Adjustments	-0	0	-0	-0	-0	-0	-0	-0	-0	-0
Profit After Adjustments	32	35	40	43	43	43	53	57	58	57
Adjusted Earnings Per Share	7.7	8.3	9.5	10.3	10.4	10.2	12.7	13.8	13.9	13.5

Anand Rathi Wealth Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	41	221	277	332	265	417	549	724
Other Income	2	3	8	5	14	8	10	27
Total Income	43	224	284	336	279	425	558	751
Total Expenditure	42	143	179	225	196	240	310	421
Operating Profit	1	81	105	111	84	185	248	332
Interest	0	9	6	3	3	2	4	7
Depreciation	1	5	16	21	18	16	17	20
Exceptional Income / Expenses	0	0	0	0	0	0	0	0
Profit Before Tax	-1	67	83	87	63	167	228	306
Provision for Tax	-0	21	25	25	18	41	60	80
Profit After Tax	-0	46	58	62	45	127	168	226
Adjustments	0	0	1	-0	-0	0	0	0
Profit After Adjustments	-0	46	59	61	45	127	168	225
Adjusted Earnings Per Share	0	0	0	0	10.8	30.5	40.4	53.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	32%	18%	20%	0%
Operating Profit CAGR	34%	31%	25%	0%
PAT CAGR	32%	39%	30%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	355%	NA%	NA%	NA%
ROE Average	42%	36%	41%	43%
ROCE Average	54%	44%	54%	57%

Anand Rathi Wealth Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	13	78	124	186	242	344	468
Minority's Interest	0	-0	13	12	12	12	12
Borrowings	0	0	0	33	25	17	8
Other Non-Current Liabilities	-0	8	19	14	3	7	18
Total Current Liabilities	41	77	70	160	54	98	117
Total Liabilities	55	163	226	404	336	476	624
Fixed Assets	11	19	50	74	55	124	136
Other Non-Current Assets	21	26	64	179	186	151	140
Total Current Assets	22	118	112	151	94	201	342
Total Assets	55	163	226	404	336	476	624

Anand Rathi Wealth Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	3	1	11	28	61	83
Cash Flow from Operating Activities	-3	93	67	140	-18	145	84
Cash Flow from Investing Activities	-27	-87	-42	-152	74	-77	-43
Cash Flow from Financing Activities	32	-8	-14	28	-19	-46	-64
Net Cash Inflow / Outflow	2	-2	11	17	37	22	-23
Closing Cash & Cash Equivalent	3	1	11	28	65	83	60

Anand Rathi Wealth Ratios

#	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	0	0	0	10.81	30.45	40.4
CEPS(Rs)	0.22	12.71	18.51	20.39	15.11	34.17	44.34
DPS(Rs)	0	0	0	0	5	11	12
Book NAV/Share(Rs)	0	0	0	0	57.47	81.33	111.09
Core EBITDA Margin(%)	-2.25	35.53	35.39	32.16	26.23	42.47	43.52
EBIT Margin(%)	-1.03	34.4	32.25	27.2	24.79	40.57	42.26
Pre Tax Margin(%)	-1.32	30.45	30.04	26.21	23.7	40.09	41.54
PAT Margin (%)	-0.39	20.85	21.13	18.57	16.82	30.32	30.66
Cash Profit Margin (%)	2.13	23.19	27.01	24.91	23.5	34.06	33.69
ROA(%)	-0.29	42.29	30.03	19.56	12.07	31.17	30.59
ROE(%)	-1.23	100.87	57.78	39.83	21.12	43.97	41.98
ROCE(%)	-1.11	129.56	87.64	51.31	26.19	52.64	54.31
Receivable days	66.39	16.29	15.37	11.07	13.74	11.26	10.65
Inventory Days	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0
PER(x)	0	0	0	0	0	19.9	19.99
Price/Book(x)	0	0	0	0	0	7.45	7.27
Dividend Yield(%)	0	0	0	0	0	1.82	1.49
EV/Net Sales(x)	0.87	0.06	0.01	0.08	-0.07	5.89	6.06
EV/Core EBITDA(x)	58.47	0.17	0.02	0.24	-0.22	13.29	13.37
Net Sales Growth(%)	0	438.92	25.13	19.97	-20.04	57.35	31.41
EBIT Growth(%)	0	0	17.33	1.17	-27.13	157.51	36.88
PAT Growth(%)	0	0	26.8	5.44	-27.57	183.61	32.93
EPS Growth(%)	0	0	0	0	-28.6	181.69	32.66
Debt/Equity(x)	1.95	0.01	0	0.23	0.14	0.07	0.04
Current Ratio(x)	0.54	1.54	1.6	0.94	1.74	2.06	2.92
Quick Ratio(x)	0.54	1.54	1.62	0.95	1.74	2.06	2.92
Interest Cover(x)	-3.59	8.71	14.6	27.38	22.76	83.9	58.93
Total Debt/Mcap(x)	0	0	0	0	0	0.01	0

Anand Rathi Wealth Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	48.82	48.82	48.82	48.74	48.74	48.74	48.74	48.69	48.2	48.03
FII	1.03	1.02	0.9	0.84	0.81	1.71	2.11	1.84	3	4.86
DII	11.08	10.02	11.33	11.41	11.81	9.99	9.72	10.26	9.16	8.78
Public	39.07	40.14	38.95	39.01	38.64	39.57	39.43	39.21	39.64	38.34
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.03	2.03	2.03	2.03	2.03	2.03	2.03	2.03	2.01	2.01
FII	0.04	0.04	0.04	0.04	0.03	0.07	0.09	0.08	0.13	0.2
DII	0.46	0.42	0.47	0.48	0.49	0.42	0.41	0.43	0.38	0.37
Public	1.63	1.67	1.62	1.63	1.61	1.65	1.64	1.64	1.65	1.6
Others	0	0	0	0	0	0	0	0	0	0
Total	4.16	4.16	4.16	4.17	4.17	4.17	4.17	4.17	4.17	4.18

Pros

Company has delivered good profit growth of 29% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 36%
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 48.03%.
Stock is trading at 25.5 times its book value.

* 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.