Angel One Limited (ANGELONE) AI Stock Analysis

• Market Cap: ₹228.67B
• Dividend Yield: 1.78%
• Average Volume (3M): 74.76K
• Price to Earnings (P/E): 29.1
• Beta (1Y): 2.22
• Revenue Growth: -12.65%
• EPS Growth: -42.72%
• Country: IN
• Employees: 3,650
• Sector: Technology
• Sector Strength: 88
• Industry: Financial - Capital Markets
• EPS (TTM): 23.00
• Shares Outstanding: 90,716,930
• 10 Day Avg. Volume: 120,727
• 30 Day Avg. Volume: 74,757
• PEG Ratio: -5.75
• Price to Book (P/B): 3.72
• Price to Sales (P/S): 4.18
• P/FCF Ratio: -10.32
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ₹3,216.00 ▲(18.98% Upside)

Angel One Limited's overall stock score is driven by strong financial performance and bullish technical indicators. The company's robust revenue growth and profitability, along with solid balance sheet metrics, are key strengths. However, the high P/E ratio suggests potential overvaluation, and the overbought technical indicators could indicate a short-term pullback risk. Cash flow management remains an area to watch for future performance.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective business model, supporting long-term financial health and expansion.

Balance Sheet Strength

A solid balance sheet with healthy equity and ROE provides financial stability and flexibility to pursue growth opportunities.

Profitability

Sustained profitability and efficient cost management enhance the company's ability to reinvest in growth and maintain competitive advantage.

Negative Factors

Cash Flow Management

Negative free cash flow suggests potential cash flow management issues, which could limit the company's ability to fund operations and growth.

Volatile Operating Cash Flow

Volatile operating cash flow can create uncertainty in financial planning and may impact the company's ability to sustain operations without external financing.

Decreased EBIT Margin

A decrease in EBIT margin could signal rising costs or pricing pressures, potentially affecting long-term profitability if not addressed.

Angel One Limited Business Overview & Revenue Model

Company Description

Angel One Limited provides broking and advisory services, margin funding, loans against shares, and financial products to its clients in India. It operates in three segments: Broking and Related Services; Finance and Investing Activities; and Health and Allied Fitness Activities. The company offers broking services through online and digital platforms, as well as a network of authorized persons. Its products include equity, commodities, derivatives, and currency trading. The company offers portfolio management, investment advisory, intraday trading, trading account, portfolio health score, initial public offering, and DEMAT account services. It also engages in the financing and investment activities; and operation of fitness centers. The company was formerly known as Angel Broking Limited and changed its name to Angel One Limited in September 2021. Angel One Limited was incorporated in 1996 and is based in Mumbai, India.

How the Company Makes Money

Angel One generates revenue primarily through brokerage fees from retail trading activities, where clients pay a commission for buying and selling securities. Additionally, the company earns income from advisory services, mutual fund distribution, and other value-added financial products. Subscription fees from its premium services and technology solutions also contribute to its earnings. Strategic partnerships with financial institutions and technology providers enhance its service offerings and customer reach, further solidifying its revenue streams.

Angel One Limited Financial Statement Overview

Summary

Angel One Limited exhibits strong financial performance characterized by significant revenue growth and profitability. The balance sheet is solid, reflecting financial stability, although cash flow management requires attention. The company's strategic investments may pay off in long-term growth, but continued monitoring of cash flow metrics is advised.

Income Statement

Angel One Limited has demonstrated robust revenue growth with a significant increase from previous years. Gross profit and net profit margins have remained strong, indicating efficient cost management and profitability. However, there was a slight decrease in EBIT margin over the last year, which needs to be monitored.

Balance Sheet

The company's balance sheet is strong with a healthy equity ratio and improving return on equity (ROE). The debt-to-equity ratio shows a moderate level of leverage, which is manageable given the company's growth trajectory. There is a notable increase in stockholders' equity, indicating financial stability.

Cash Flow

While operating cash flow has been volatile, recent trends show improvement. Free cash flow has been negative, indicating high capital expenditures, but this could suggest strategic investments for future growth. The operating cash flow to net income ratio is concerning and suggests potential cash flow management issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	39.80B	42.48B	33.97B	24.73B	19.98B	11.38B
Gross Profit	24.36B	27.05B	20.70B	14.87B	12.04B	6.19B
EBITDA	17.47B	19.44B	16.71B	12.92B	9.24B	4.67B
Net Income	9.94B	11.72B	11.26B	8.90B	6.25B	2.97B
Balance Sheet
Total Assets	0.00	168.89B	132.54B	74.78B	72.20B	48.14B
Cash, Cash Equivalents and Short-Term Investments	0.00	78.32B	106.68B	54.91B	50.09B	18.87B
Total Debt	0.00	34.14B	25.41B	7.87B	12.58B	11.71B
Total Liabilities	-56.39B	112.50B	102.15B	53.16B	56.36B	36.83B
Stockholders Equity	56.39B	56.21B	30.39B	21.62B	15.84B	11.31B
Cash Flow
Free Cash Flow	0.00	-20.24B	-5.37B	6.89B	4.88B	-9.59B
Operating Cash Flow	0.00	-18.60B	-3.30B	8.03B	5.58B	-9.44B
Investing Cash Flow	0.00	-3.41B	-910.48M	-1.85B	-523.54M	247.97M
Financing Cash Flow	0.00	19.17B	13.31B	-9.07B	-1.65B	8.94B

Angel One Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2703.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ANGELONE, the sentiment is Positive. The current price of 2703 is above the 20-day moving average (MA) of 2660.84, above the 50-day MA of 2454.45, and above the 200-day MA of 2507.00, indicating a bullish trend. The MACD of 80.88 indicates Positive momentum. The RSI at 61.24 is Neutral, neither overbought nor oversold. The STOCH value of 24.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ANGELONE.

Angel One Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ANGELONE	76 Outperform	₹228.67B	29.14	―	1.78%	-12.65%	-42.72%
CYIENT	73 Outperform	₹128.54B	22.20	―	2.68%	1.68%	-12.95%
INTELLECT	73 Outperform	₹166.70B	41.37	―	0.64%	15.87%	39.55%
KPITTECH	69 Neutral	₹316.65B	38.87	―	0.70%	13.34%	5.98%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AFFLE	61 Neutral	₹257.92B	61.41	―	―	19.55%	20.85%
NEWGEN	61 Neutral	₹137.75B	41.47	―	0.57%	11.47%	12.41%

Angel One Limited Corporate Events

Angel One Limited Faces NSE Penalty for Reporting Discrepancies

Angel One Limited has disclosed that it received an action letter from the National Stock Exchange of India Limited (NSE) regarding penalties for incorrect reporting of margin collection and data for collateral segregation at the client level. The NSE’s limited purpose inspection revealed discrepancies in Angel One’s reporting, leading to a penalty and advisory. Angel One has responded by revising its internal processes to ensure accurate reporting and compliance with NSE regulations.

Angel One Limited Reports Growth in Market Share and Client Funding in August 2025

Angel One Limited reported its business updates for August 2025, highlighting a sustained momentum in client acquisition and a record high in average client funding book. The company experienced growth in average daily orders and expanded its market share across various segments, despite a decline in the number of trading days and gross client acquisition compared to the previous month and year. These updates reflect Angel One’s strategic focus on enhancing its operational metrics and strengthening its position in the competitive financial services market.