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Unlisted Shares

Anand Rathi Essentials

As of July 18, 2024, Anand Rathi Wealth Management, Listed Shares are trading at ₹3906.00 per share.

ISIN

INE463V01026

Face Value

₹ 5

Total Share

4,16,88,247

Total Income

₹ 558.32 undefined

Profit After Tax

₹ ****

EPS

₹ ****

P/E

****

P/B

****

Market Capitalisation

₹ 16,283.43 Cr

Enterprise Value

₹ ****

Book Value

₹ 100.21

Intrinsic Value

₹ ****

Dividend Yield

0.31 %

Earnings Yield

1.03 %

Sector

Financials

Sub-sector

Investment Banking

Category

Listed

Cashflow - Operations

84.19

Cashflow - Financing

-₹ 64.16

Anand Rathi Growth

Compounded Sales Growth

1 Year

3 Year

6 Year

Compounded Profit Growth

1 Year

3 Year

Return On Equity

2018

2020

2023

Highlights

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  • New high Topline and Bottom-line:- Over the past six years, the company's revenue has grown at an annualized rate of 54.07%, while the net profit has increased by an annualized rate of 215.68%. In FY23, the revenue and net profit grew by 31.00% and 33.00%, respectively.
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  • Expanding AUM:- In FY23, the total Assets Under Management (AUM) increased by 18% to Rs. 38,993 Cr. A breakdown of AUM shows that the AUM of the private wealth vertical increased by 18% and the digital wealth vertical's AUM surged by 23%.
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  • Expanding Relationship Network:-In FY23, the company expanded its customer base by increasing the number of relationship managers to 293 across 15 offices in major cities.
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  • Skyscraping Margins and Returns:- In FY23, the company achieved a 30.66% profit margin and a substantial 41.44% return on equity.
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  • Investment Thesis:- The company is one of the leading wealth solution firms in India that caters to high and ultra-high-net-worth individuals (HNI and UHNI). It has a P/E ratio of 21.2x, which is higher than the average P/E of its peers, which is 19.0x. Furthermore, the company is trading at a P/B ratio of 8.8x, which is higher than the average P/B ratio of its peers, which is 4.1x. In terms of growth, the company has increased its revenue by 2.5 times and its profit by over 3 times in the last 5 years. Hence the company is experiencing a positive growth rate, however, it appears to be currently overvalued. (Peers taken are 360 ONE WAM Ltd, HDFC Asset Management Company, and JM Financials.)
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  • Success Story:- Our analyst evaluated the company and recommended an investment price of Rs. 267 before going public. However, the IPO opened at Rs. 602, and the current market price is now at Rs. 2515, which has yielded almost 9.5x returns for our investors in just 3 years. In terms of absolute returns, our investors have made a whopping 841.95% returns, which translates to 111.19% CAGR. Looking ahead, we are optimistic about its future prospects and expect it to reach Rs. 4000 in the next 1.5-2 years.

Business Rating

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Managment

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Accounting Practice

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Profatibility

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Solvency

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Growth

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Valuation

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Overall Ratings

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Recommendation

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Our Team

Quantity

Invest

, Min. Investment: ₹