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Swing Capital

Anand Rathi Wealth Ltd

NSE: ANANDRATHI BSE: 543415Banking

Anand Rathi Wealth Ltd was incorporated on March 22, 1995. It is an AMFI registered mutual fund distributor and is one of the leading non-bank wealth solutions firms in India, being ranked amongst the top three non-bank mutual fund distributors in the country. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.[1]

₹3,572
52W: ₹1800 — ₹3735
PE 75.8 · Book ₹123 · +2804% vs book
Market Cap₹29,655 Cr
Stock P/E75.8Price to Earnings
ROCE57.5%Return on Capital
ROE45.3%Return on Equity
Div. Yield0.36%Face Value ₹5

Strengths

  • +Company is almost debt free.
  • +Company has delivered good profit growth of 54.7% CAGR over last 5 years
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 42.2%
  • +Company has been maintaining a healthy dividend payout of 31.1%
  • +Company's median sales growth is 29.8% of last 10 years

Weaknesses

  • −Stock is trading at 29.0 times its book value
  • −Promoter holding has decreased over last 3 years: -5.62%

Shareholding Pattern

Promoters43.11%
FIIs5.78%
DIIs9.1%
Public42.01%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters48.09%47.99%▼0.147.99%47.29%▼0.742.71%▼4.642.71%43.11%▲0.443.11%
FIIs5.02%5.32%▲0.35.75%▲0.44.85%▼0.94.9%▲0.15.56%▲0.76.66%▲1.15.78%▼0.9
DIIs8.32%7.96%▼0.47.81%▼0.27.21%▼0.68.4%▲1.28.73%▲0.39.45%▲0.79.1%▼0.3
Public38.56%38.72%▲0.238.45%▼0.340.64%▲2.243.98%▲3.343%▼1.040.78%▼2.242.01%▲1.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales175177229234228213265286279277
Expenses97106133132124125139152150194
Operating Profit7871961021048912513413083
OPM %44%40%42%44%46%42%47%47%46%30%
Net Profit5756727576729297100102
EPS ₹6.826.638.719.049.128.7211.1111.712.0212.31

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,208Cr, up 28.1% YoY. OPM at 47%.

Debt Position

Borrowings at ₹83Cr. Debt-to-equity ratio: 0.08x. Healthy balance sheet.

Institutional Flow

DIIs: 9.1% (-0.62pp change). FIIs: 5.78% (+3.67pp change). Promoters hold 43.11%.

Margin & Efficiency

ROCE improving from 0% (Mar 2016) to 57% (Mar 2026). Working capital days: 122.

Valuation

PE 75.8x with 57.5% ROCE. Price is 2804% above book value of ₹123. Dividend yield: 0.36%.

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