Anand Rathi Wealth Limited is a financial products distributor operating in India's capital markets sector, with a market cap of ₹18,050 Cr. The company demonstrates strong profitability through ROE of 47.35% and average operating margin of 41.91%, supported by minimal leverage (D/E 0.02).
Founded
2002
Face value
₹5
Market cap
₹17,575 Cr
P/E
37.8×
P/B
17.6×
Dividend yield
0.6%
ROE
47.4%
ROCE
59.1%
Debt / equity
0.02
OPM
41.9%
EPS (TTM)
₹56.0
Book value
₹120.2
52-week high
—
52-week low
Key insights
Company research notes and source-linked reviews
Key risks
Valuation at PE 38.82 offers limited margin of safety; 1y return of 67.34% already prices in significant gains
Operating margins compressed to 29–35% in recent quarters (Mar–Jun 2026) versus 45%+ in Sep–Dec 2025; verify whether cyclical or structural
Revenue flat across quarters (₹280–320 Cr) despite margin swings; clarify if market-driven pullback or operational constraints
Capital markets distribution revenue inherently cyclical and sensitive to investor activity levels; verify company's exposure to market downturns
Generated analysis · source review pending
Growth drivers
Operating margins ranged from 29.97% to 46.79% across quarters; recovery toward 45%+ would expand cash generation for reinvestment
ROE of 47.35% indicates capital deploys efficiently; if redirected from dividend distributions into growth investments, could fund expansion
D/E of 0.02 provides substantial financial flexibility; verify whether management plans to utilize leverage for acquisitions or organic investments
Capital markets distribution market potential with growing investor participation in India; verify market size growth and whether distribution model benefits
Generated analysis · source review pending
1,183 historical price candles were omitted because the exchange source has not been verified.
₹2,117.5+0.8%1Y
Quick read
rule-based
Pros
+Strong return on equity of 44.3% (3-yr avg)
+High return on capital employed of 55.8%
+Healthy operating margin of 41.9%
+Profit CAGR of 33% over the last 3 years
+Revenue CAGR of 27.9% over the last 3 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 34.9×
Cons
−Trading at 17.6× book value
Research score
Structured signal from quality, growth, valuation and momentum.
70/100
Business quality
100
Growth
Revenue & net profit
₹ crore, by fiscal year
RevenuePAT
Margins
% of revenue, by fiscal year
OPMPAT margin
Peers
Comparable companies from the narrowest available industry classification.
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Financials
Reported profit and loss, balance sheet, cash flow and growth history.
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Ratios
Annual operating, return, leverage and working-capital ratios.
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Shareholding
Quarterly ownership, named holders, insider transactions and disclosed deals.
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F&O
Current futures and options contracts with compact option-chain pages.
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Fund holders
Mutual-fund schemes that disclosed a holding in the company.
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Documents
Annual reports, exchange filings, offer documents, ratings and earnings-call material.
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Events
Upcoming dates and the company’s corporate-action history.
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Announcements
Latest exchange announcements, filings and downloadable documents.
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
42.5%
43.5%
41.9%
42.6%
41.9%
EBIT margin %
38.7%
40.5%
39.3%
39.9%
38.9%
PAT margin %
30.4%
30.7%
31.2%
32%
34.6%
Working capital
Receivable days
—
11
14
14
14
Inventory days
—
0
0
0
0
Payable days
—
0
0
0
0
NWC days
—
11
14
14
14
Leverage
Current ratio
—
2.92
3.45
2.67
3.83
Debt to EBITDA
—
0.15
0.03
0.05
0.04
Debt to equity
—
0.08
0.01
0.03
0.02
Interest coverage
84
59
48.2
36.1
34.9
Asset turnover
—
0.88
0.82
0.98
0.86
Return ratios
Return on assets %
—
27%
25.7%
31.3%
29.9%
Return on capital employed %
—
45.8%
51.6%
56.7%
59.1%
Return on equity %
—
36%
34.8%
44.6%
39.8%
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF
10 Aug 2026, 10:51 amInsider Trading / SAST
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF
7 Aug 2026, 4:16 pmInsider Trading / SAST
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF
16 Jul 2026, 11:08 amCompany Update
Announcement Under Regulation 30 (LODR) - Intimation Of Receipt Of In-Principle Approval From International Financial Services Centres Authority (IFSCA)
Announcement Under Regulation 30 (LODR) - Intimation Of Receipt Of In-Principle Approval From International Financial Services Centres Authority (IFSCA)