ANGELONEFinancial Services

Angel One Limited

Stockbroking & Allied · ISIN INE732I01021 · BSE 543235 · NSE EQ · FV ₹1
Last price
₹312
+0.55%today
What this company does

Angel One Limited operates in Stockbroking & Allied, part of the Financial Services sector. It booked ₹1,427 cr of revenue in its latest quarter (Q2 FY27) and kept 23.5% of sales as profit. It is the 5th largest of 9 Stockbroking & Allied companies we track, by market value.

63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 102–253 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
59

At close. Not part of the score.

Profitability & returns72

How much profit it earns on the money it employs

Cash quality33

Whether reported profit actually arrives as cash

Growth & consistency69

Whether sales and profit have grown, and how steadily

Valuation38

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 23% net margin
✓ Sales up 19% vs last year
✓ Profit up 58% vs last year
✓ No promoter shares pledged
✓ Strong 20% return on equity
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in ANGELONE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹312▲ +0.55%
latest close · 2026-11-04
52-wk low ₹26874 sessions so far52-wk high ₹326
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio21.3Average
LowAverageHigh
P/B ratio4.28High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity20.1%Strong
WeakFairStrong ▸15%
Net margin23.5%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.33Comfortable
LowModerateHigh ▸1
More figures
Market cap
₹28,544 cr
Book value
₹73
EPS
₹3.67
latest quarter
Net debt
—
Enterprise value
—
EBITDA
—
EBIT
—
Operating margin
—
Return on assets
5.9%
Earnings yield
4.70%
P/S
5.00
Sales / share
₹62.4
Tax rate
26.9%
Face value
₹1
Shares
91.5 cr
Working capital
—
Current assets
—
Current liabilities
—
Delivery %
33.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹199 vs market price ₹312 — price is 57% above it
Safety cushion-57.0%(target ≥ +20%)
Models span ₹151–₹247, midpoint ₹199
Model ₹199
Price ₹312
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹1,427 cr
Other Income₹5 cr
Total Income₹1,432 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹256 cr
Finance Costs₹147 cr
Depreciation & Amortisation₹35 cr
Other Expenses₹344 cr
Total Expenses₹973 cr
Profit before Tax₹458 cr
Tax Expense₹124 cr
Share of JV / Associates₹-0.3 L
Net Profit₹335 cr
Net margin on total income23.4%
Where the money goes · Q2 FY27
% of total income
Employee benefit expense₹256 cr17.8%
Finance costs₹147 cr10.3%
Depreciation & amortisation₹35 cr2.4%
Other expenses₹535 cr37.4%
Tax expense₹124 cr8.6%
Profit for the period₹335 cr23.4%
Total income ₹1,432 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,459 cr1,430 cr1,427 cr
Total income1,467 cr1,434 cr1,432 cr
Expenses1,027 cr1,109 cr973 cr
Profit before tax440 cr325 cr458 cr
Tax120 cr93 cr124 cr
Net profit (owners' share)320 cr231 cr335 cr
Net margin (owners' share, on revenue)21.9%16.2%23.5%
EPS (₹)3.522.543.67
YoY (latest quarter): total income +18.9% · net profit +58.2%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹22,677 cr
Shareholder equity
₹6,667 cr
parent shareholders
Total debt
₹2,236 cr
Cash
₹87 cr
Cash flow · H1 FY27
Operating
₹930 cr
Investing
₹-324 cr
Financing
₹-679 cr
Peer comparison
Stockbroking & Allied · by market value
CompanyPriceMarket capP/E
Billionbrains Garage Ventures Limited₹206₹1.29 L cr44.0
Motilal Oswal Financial Services Limited₹1,010₹60,901 cr14.1
360 ONE WAM LIMITED₹1,065₹43,441 cr36.1
Nuvama Wealth Management Limited₹1,866₹34,067 cr27.8
Angel One Limitedthis company₹310₹28,389 cr21.1
IIFL Capital Services Limited₹348₹10,973 cr21.4
Share India Securities Limited₹184₹4,030 cr8.1
Anand Rathi Share and Stock Brokers Limited₹481₹3,032 cr18.1
Monarch Networth Capital Limited₹346₹2,742 cr12.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
8.25%
trailing 12 months
Dividend / share (TTM)
₹25.75
Last dividend
₹1
ex 21 Jul 2026
ActionDetailEx-date
Dividend₹1 / share21 Jul 2026
Dividend₹1.75 / share27 Mar 2026
Stock splitStock Split From Rs.10/- to Rs.1/-26 Feb 2026
Dividend₹23 / share21 Jan 2026
Dividend₹26 / share30 May 2025
Dividend₹11 / share20 Mar 2025
Who owns it · 2026-09-30
No pledge
Promoter
28.6%
FII / Foreign
12.5%
DII / Domestic
19.6%
Retail / others
39.4%
Promoter stake down 9.7% over the last 12 quarters.
Smart-money activity
Insider trades
SoldLalit Thakkar · Promoter Group43.00 L1 Oct 21
BoughtAnuradha Thakkar · Immediate relative21.00 L1 Oct 21
BoughtRahul Thakkar · Immediate relative22.00 L1 Oct 21
Bulk / block deals
short— · NSE182 Nov 26
short— · NSE2,50027 Oct 26
short— · NSE1316 Oct 26
Stake changes
SoldNippon India Mutual Fund→ 3.04% · 10.00 L2 Sep 26
DisposalINTERNATIONAL FINANCE CORPORATION FDI AC→ 4.04%17 Oct 22
DisposalINTERNATIONAL FINANCE CORPORATION FDI AC→ 6.05%15 Mar 22
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 18 Feb 2026
See the official result
1
Approval for sub-division/split of equity shares of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
2.35 cr votes for, 832 against · 0% of mutual funds and other big investors said no
2
Approval of alteration of Capital Clause of the Memorandum of Association of the Company
Backed by 100% of shareholders other than promotersneeded 50%
2.34 cr votes for, 1,450 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 17 named members
owning 28.5% between them · as of 2026-09-30
Dinesh Dariyanumal Thakkar18.33%
Nirwan Monetary Services Pvt Ltd6.63%
Ashok Daryanimal Thakkar2.72%
Dinesh D Thakkar Huf0.67%
Bhagwani Tarachand Thakker0.09%
Tarachand Daryanumal Thakker0.09%
Kanta Dinesh Thakkar0.01%
Bhavesh Thakkarno shares
Business done with them
FY2026 · 3 of the group
The company paid ₹40 cr to companies in the promoter group last year — about 0.8% of its ₹5,137 cr revenue and received ₹4.8 L back from them.
NIRWAN MONETARY SERVICES PRIVATE LIMITED
Other payments to them · Income from broking and allied activities, dividend paid
also owns 6.63% of the company
₹40 cr
company paid
NIRWAN MONETARY SERVICES PRIVATE LIMITED
Other income from them · Income from broking and allied activities, dividend paid
also owns 6.63% of the company
₹3.8 L
company received
Vinay Thakkar
Other income from them · Income from broking and allied activities, emuneration paid
₹0.7 L
company received
Vijay Thakkar
Leases As Lessor · Income from broking and allied activities, remuneration & professional fees paid
₹0.3 L
company received
Vijay Thakkar
Other income from them · Income from broking and allied activities, remuneration & professional fees paid
₹0.3 L
company received

The company also transacted with 7 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹50 cr raised in Feb 2026 by private placement of non convertible debentures

The company has not broken this money down into purposes in its filing for Mar 2026, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.