Angel One

₹2471 50.7 | 2.1%

WEBSITE BSE:543235 NSE : ANGELONE 10 May, 16:01

Market Cap ₹22236 Cr.

Stock P/E 18.4

P/B 4.9

Current Price ₹2471

Book Value ₹ 504.3

Face Value 10

52W High ₹3900.4

Dividend Yield 1.4%

52W Low ₹ 1182

Edit Ratio

Angel One Research see more...

Overview Inc. Year: 1996Industry: Finance - Stock Broking

Angel One Limited provides broking and advisory offerings, margin funding, loans towards stocks, and monetary merchandise to its clients in India. The organization operates in 3 segments: Broking and Related Services; Finance and Investing Activities; and Health and Allied Fitness Activities. It offers brokering offerings through online and virtual systems, as well as a network of legal folks. The agency's products include equity, commodities, derivatives, and forex. Its offerings contain portfolio management, funding advisory, intraday trading, trading account, portfolio health rating, IPO, and DEMAT account, in addition to loans against stocks. The organization also engages within the financing and investment activities; and operation of fitness facilities. The organisation was formerly referred to as Angel Broking Ltd and changed its name to Angel One Ltd in September 2021. Angel One Ltd incorporated in 1996 and is based in Mumbai, India.

Angel One Share Price

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Peer Comparison

Angel One 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
Operating Revenue	597	681	682	745	749	826	808	1048	1059	1357
Other Income	8	3	3	1	11	5	4	1	2	1
Total Income	605	683	685	746	760	831	811	1049	1061	1359
Total Expenditure	361	384	416	429	424	440	487	605	661	827
Operating Profit	244	299	269	317	335	391	324	445	400	531
Interest Expense	18	20	20	24	26	21	18	26	36	56
Depreciation	5	5	6	7	8	9	9	11	13	17
Profit Before Tax	221	274	243	286	302	362	297	407	351	459
Provision for Tax	56	70	61	72	74	95	76	103	91	119
Profit After Tax	165	205	182	214	228	267	221	305	260	340
Adjustments	-0	-0	-0	-0	0	-0	0	0	0	-0
Profit After Adjustments	165	205	182	214	228	267	221	305	260	340
Adjusted Earnings Per Share	19.9	24.7	21.8	25.6	27.3	32	26.3	36.3	31	40.5

Angel One Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	0	328	447	448	431	765	763	725	1264	2291	3002	4272
Other Income	74	21	14	14	121	20	26	30	35	6	21	8
Total Income	74	349	462	462	552	784	789	755	1299	2297	3022	4280
Total Expenditure	0	301	339	362	437	517	575	565	827	1366	1709	2580
Operating Profit	74	48	123	101	115	268	214	190	472	931	1313	1700
Interest Expense	0	18	38	36	54	95	70	50	42	76	91	136
Depreciation	0	12	10	13	14	15	20	21	18	19	30	50
Profit Before Tax	74	17	74	52	48	159	124	119	411	837	1192	1514
Provision for Tax	0	7	27	20	17	51	45	32	113	212	302	389
Profit After Tax	74	10	47	32	31	108	80	87	298	625	890	1126
Adjustments	0	0	0	0	0	0	-0	-4	-1	-0	-0	0
Profit After Adjustments	74	10	47	32	31	108	80	82	297	625	890	1126
Adjusted Earnings Per Share	10.3	1.4	6.5	4.4	4.3	15	11.1	11.4	36.3	75.4	106.7	134.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	31%	61%	31%	0%
Operating Profit CAGR	41%	90%	37%	33%
PAT CAGR	42%	117%	52%	28%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	87%	59%	NA%	NA%
ROE Average	48%	43%	32%	22%
ROCE Average	44%	36%	27%	20%

Angel One Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	309	311	347	369	389	475	531	591	1131	1584	2162
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	25	25	5	9	8	7	7	5	1	1	0
Current Liability	654	618	621	757	1402	1887	1674	1602	3944	6114	5912
Other Liabilities & Provisions	1	0	2	3	92	127	159	148	5	-0	5
Total Liabilities	989	955	974	1139	1891	2497	2371	2346	5081	7698	8079
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0
Fixed Assets	132	127	121	122	123	116	134	124	111	148	183
Other Loans	52	52	48	18	108	157	234	425	1431	174	156
Other Non Current Assets	11	5	4	6	4	3	1	2	0	12	62
Current Assets	794	771	801	993	1655	2221	2003	1795	3535	7360	7675
Total Assets	989	955	974	1139	1891	2497	2371	2346	5081	7698	8079

Angel One Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	245	101	16	55	146	123	447	362	82	422
Cash Flow from Operating Activities	-182	11	-77	-210	-309	709	643	-1199	558	803
Cash Flow from Investing Activities	10	-8	-13	-50	47	-19	-28	25	-52	-185
Cash Flow from Financing Activities	27	2	130	350	239	-365	-449	894	-165	-907
Net Cash Inflow / Outflow	-144	5	39	91	-23	324	166	-280	340	-289
Closing Cash & Cash Equivalent	101	106	55	146	123	447	613	82	422	133

Angel One Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	10.33	1.44	6.54	4.42	4.32	14.99	11.09	11.44	36.28	75.41	106.68
CEPS(Rs)	10.33	3.14	7.97	6.23	6.2	17.01	13.87	14.96	38.67	77.69	110.34
DPS(Rs)	1.6	4.8	4.4	5.6	6.8	13.6	2.7	2.7	12.86	27.1	39.85
Book NAV/Share(Rs)	43	43.37	48.28	51.42	54.22	65.97	73.6	81.67	137.74	189.59	252.19
Net Profit Margin	0	3.15	10.5	7.09	7.2	14.11	10.47	11.98	23.59	27.28	29.66
Operating Margin	0	10.78	25.19	19.57	23.63	33.13	25.46	23.29	35.89	39.84	42.74
PBT Margin	0	5.14	16.6	11.6	11.12	20.75	16.32	16.39	32.54	36.52	39.71
ROA(%)	7.5	1.06	4.87	3	2.05	4.92	3.28	3.68	8.03	9.78	11.28
ROE(%)	24.03	3.33	14.27	8.86	8.18	24.97	15.89	15.53	34.76	46.33	48.45
ROCE(%)	15.03	6.34	18.09	12.97	10.78	18.35	12.93	13.58	26.8	35.48	44.3
Price/Earnings(x)	0	0	0	0	0	0	0	0	8.02	20.37	10.9
Price/Book(x)	0	0	0	0	0	0	0	0	2.11	8.1	4.61
Dividend Yield(%)	0	0	0	0	0	0	0	0	4.42	1.76	3.43
EV/Net Sales(x)	0	-0.08	-0.15	-0.14	0.39	0.35	-0.06	-1.17	1.33	3.98	1.67
EV/Core EBITDA(x)	-4.32	-0.56	-0.55	-0.64	1.46	1.01	-0.2	-4.49	3.55	9.78	3.81
Interest Earned Growth(%)	0	0	36.24	0.1	-3.76	77.5	-0.29	-4.98	74.39	81.3	31.01
Net Profit Growth	0	-86.07	354.29	-32.43	-2.24	248	-26.03	8.71	243.43	109.71	42.42
EPS Growth(%)	0	-86.07	354.29	-32.43	-2.24	247.15	-26.03	3.14	217.18	107.85	41.48
Interest Coverage(x) %	0	1.91	2.93	2.46	1.89	2.68	2.78	3.38	10.72	12.01	14.11

Angel One Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	43.68	44	43.83	43.71	43.68	38.48	38.3	38.26	38.24	38.21
FII	5.44	8.96	10.54	11.27	17.25	16.61	17.04	16.82	19.11	17.27
DII	8.57	10.33	8.92	9.71	9.27	9.74	10.25	10.41	9.32	9.49
Public	42.31	36.72	36.7	35.31	29.81	35.17	34.42	34.51	33.33	35.03
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	3.62	3.65	3.64	3.64	3.64	3.21	3.21	3.21	3.21	3.21
FII	0.45	0.74	0.88	0.94	1.44	1.39	1.43	1.41	1.6	1.45
DII	0.71	0.86	0.74	0.81	0.77	0.81	0.86	0.87	0.78	0.8
Public	3.5	3.04	3.05	2.94	2.48	2.93	2.88	2.9	2.8	2.94
Others	0	0	0	0	0	0	0	0	0	0
Total	8.28	8.29	8.31	8.33	8.34	8.34	8.38	8.39	8.4	8.4

Pros

Company has delivered good profit growth of 52% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 43%
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 38.21%.
Stock is trading at 4.9 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.