Anand Rathi Wealth Ltd. (IN:ANANDRATHI)
:ANANDRATHI
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Anand Rathi Wealth Ltd.
(ANANDRATHI)
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Rating:71Outperform
Price Target:
₹3,923.00
▲(25.54% Upside)
Action:Reiterated
Date:04/10/26
The score is driven primarily by strong financial performance (high profitability, strong ROE, and low leverage). This is partially offset by overbought technical conditions and a rich valuation (high P/E and low yield), which together reduce near-term risk-adjusted attractiveness.
Positive Factors
Multi-year Revenue Compounding
Sustained multi-year revenue compounding indicates the firm has been scaling client assets, distribution and advisory activities. A rising top line driven by recurring fee and commission streams supports durable fee income, investment in client acquisition, and long-term operating leverage.
Negative Factors
Cash Flow Volatility
While cash generation improved by FY2026, historical swings in operating and free cash flow signal working-capital and timing sensitivity. For a fee-driven business, volatile cash flow can constrain consistent capital returns, limit reinvestment timing, and raise funding risk in down cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Compounding
Sustained multi-year revenue compounding indicates the firm has been scaling client assets, distribution and advisory activities. A rising top line driven by recurring fee and commission streams supports durable fee income, investment in client acquisition, and long-term operating leverage.
Read all positive factors
Anand Rathi Wealth Ltd. (ANANDRATHI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹293.32B
Dividend Yield0.43%
Average Volume (3M)17.80K
Price to Earnings (P/E)60.9
Beta (1Y)0.52
Revenue Growth27.81%
EPS Growth32.09%
CountryIN
Employees1,161
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)41.50
Shares Outstanding83,020,640
10 Day Avg. Volume41,874
30 Day Avg. Volume17,802
Financial Highlights & Ratios
PEG Ratio1.93
Price to Book (P/B)25.13
Price to Sales (P/S)20.02
P/FCF Ratio84.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹3,100.00Price Target Upside-0.80% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)56.95
Revenue Forecast (FY)₹14.22B
Anand Rathi Wealth Ltd. Business Overview & Revenue Model
Company Description
Anand Rathi Wealth Limited, a non-bank wealth solution company, engages in the distribution and sale of financial products in India. The company distributes equity and debt mutual funds, non-convertible market linked debentures, and other financia...
How the Company Makes Money
The company primarily makes money by earning fees and commissions linked to managing client wealth and distributing financial products. Key revenue streams typically include: (1) Advisory/wealth management fees charged for providing investment adv...
Anand Rathi Wealth Ltd. Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.60B | 12.53B | 9.81B | 7.52B | 5.49B | 4.17B |
| Gross Profit | 6.18B | 12.03B | 5.61B | 4.30B | 3.23B | 2.40B |
| EBITDA | 5.05B | 5.70B | 4.25B | 3.32B | 2.49B | 1.85B |
| Net Income | 3.43B | 3.96B | 3.00B | 2.25B | 1.68B | 1.27B |
Balance Sheet | ||||||
| Total Assets | 11.20B | 13.29B | 9.61B | 8.80B | 6.24B | 4.80B |
| Cash, Cash Equivalents and Short-Term Investments | 6.41B | 7.67B | 3.47B | 5.74B | 3.19B | 1.60B |
| Total Debt | 815.72M | 834.77M | 793.01M | 516.68M | 367.16M | 392.47M |
| Total Liabilities | 2.97B | 3.17B | 2.74B | 2.18B | 1.44B | 1.25B |
| Stockholders Equity | 8.09B | 9.98B | 6.74B | 6.49B | 4.68B | 3.44B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.96B | 2.08B | 2.73B | 672.62M | 1.30B |
| Operating Cash Flow | 0.00 | 3.09B | 2.44B | 2.78B | 841.88M | 1.46B |
| Investing Cash Flow | 0.00 | 252.30M | 459.98M | -2.37B | -426.63M | -774.16M |
| Financing Cash Flow | 0.00 | -1.32B | -2.79B | -720.11M | -641.57M | -464.95M |
Anand Rathi Wealth Ltd. Technical Analysis
Neutral
3124.90
Price Trends
3375.10
Positive
3202.22
Positive
3057.13
Positive
Market Momentum
40.76
Positive
52.09
Neutral
38.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ANANDRATHI, the sentiment is Neutral. The current price of 3124.9 is below the 20-day moving average (MA) of 3578.41, below the 50-day MA of 3375.10, and above the 200-day MA of 3057.13, indicating a neutral trend. The MACD of 40.76 indicates Positive momentum. The RSI at 52.09 is Neutral, neither overbought nor oversold. The STOCH value of 38.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ANANDRATHI.
Anand Rathi Wealth Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹293.32B | 60.90 | ― | 0.43% | 27.81% | 32.09% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹122.43B | 11.48 | ― | 2.93% | -8.15% | 225.18% | |
65 Neutral | ₹142.89B | 46.62 | ― | 0.68% | 19.09% | 2.91% | |
65 Neutral | ₹121.65B | -45.15 | ― | 2.30% | -7.81% | -45.00% | |
59 Neutral | ₹165.19B | 239.40 | ― | ― | 3.40% | 6.97% | |
58 Neutral | ₹197.74B | 7.80 | ― | ― | 34.64% | 316.68% |
* Financial Sector Average
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Anand Rathi Wealth Ltd. Corporate Events
Anand Rathi Wealth Files Corrected SEBI Demat Compliance Certificate for Q4 FY26
Apr 8, 2026
Anand Rathi Wealth Limited has filed a compliance certificate with the NSE and BSE for the quarter ended 31 March 2026, as required under Regulation 74(5) of SEBI’s Depositories and Participants Regulations, 2018. The company resubmitted the...
Anand Rathi Wealth Files SEBI Demat Compliance Certificate for March 2026 Quarter
Apr 3, 2026
Anand Rathi Wealth Limited has submitted a compliance certificate to the National Stock Exchange of India and BSE for the quarter ended 31 March 2026, in line with Regulation 74(5) of SEBI’s Depositories and Participants Regulations, 2018. T...
Anand Rathi Wealth Secures SEBI Nod for New NIFTY Accelerator AIF Scheme
Mar 16, 2026
Anand Rathi Wealth Limited has announced that the Securities and Exchange Board of India has taken on record the final private placement memorandum for ARWL NIFTY Accelerator Series I, a new scheme to be launched under the Anand Rathi AIF III Trus...
Anand Rathi Wealth Announces Planned Exit of Three Independent Directors on Tenure Completion
Mar 14, 2026
Anand Rathi Wealth Limited has announced that independent directors Kishan Gopal Somani, Ramesh Chandak and Sudha Pravin Navandar will cease to serve on its board at the close of business on 14 March 2026, following completion of their second five...
Anand Rathi Wealth Reclassifies CEO Reappointment Vote as Special Resolution
Feb 6, 2026
Anand Rathi Wealth Limited has issued a corrigendum to its postal ballot notice dated 12 January 2026, clarifying that the resolution relating to the re-appointment and remuneration of Whole-time Director and CEO Mr. Rakesh Rawal must be passed as...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.