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Anand Rathi Wealth Ltd share Price Today

Company details

2,525.20
2,700.00
655.75
2,700.00
6M Return 201.92%
1Y Return 267.87%
Mkt Cap.(Cr) 10,839.88
Volume 60,498
Div Yield 0.46%
OI
-
OI Chg %
-
Volume 60,498

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Financial Services company Anand Rathi Wealth announced Q2FY24 and H1FY24 results:

  • Q2FY24:
    • Total Revenue for Q2FY24 is Rs 189.1 crore, representing a YoY increase of 37%.
    • Profit Before Tax in Q2FY24 is Rs 77.7 crore, showing a YoY increase of 35%.
    • Profit After Tax for Q2FY24 is Rs 57.7 crore, with a YoY increase of 34%.
    • Earnings Per Share (EPS) for Q2FY24 is Rs 13.8, reflecting a YoY increase of 34%.
    • Assets Under Management (AUM) in Q2FY24 stands at Rs 47,957 crore, showing a YoY increase of 34%.
  • H1FY24:
    • Total Revenue for H1FY24 is Rs 367.5 crore, indicating a YoY increase of 35%.
    • Profit Before Tax in H1FY24 is Rs 148.6 crore, with a YoY increase of 35%.
    • Profit After Tax for H1FY24 is Rs 110.9 crore, showing a YoY increase of 34%.
    • Earnings Per Share (EPS) for H1FY24 is Rs 26.6, reflecting a YoY increase of 34%.
    • Assets Under Management (AUM) in H1FY24 is Rs 47,957 crore, indicating a YoY increase of 34%.

Commenting on the results, Rakesh Rawal, Chief Executive Officer said, "It's remarkable how the Indian market has remained resilient, defying various challenges and highlighting the strength of our equity markets. With the steady economic growth, we anticipate a noticeable surge in the number of High Net-worth Individuals (HNIs) in the country. This underlines the growing need for expertise and uncomplicated wealth solutions that cater to the needs of HNIs.

In H1FY24, our revenue grew by 35% to Rs 368 crore, while our PAT increased by 34% to Rs 111 crore. Our success can be attributed to our uncomplicated and holistic approach, which has resulted in an impressive 34% YoY growth in AUM. Our AUM currently stands at Rs 47,957 crore.

Furthermore, we have expanded our client base to 9,212 families as of Sep 30, 2023, cementing our reputation as high-quality wealth solutions providers.

We have added 40 new Relationship Managers on a net basis over the past twelve months. A reflection of our entrepreneurial work culture is in the zero-regret RM attrition for Q2FY24.

Our client-centric approach has been a driving force behind our success so far, and we are confident that it will continue to fuel our growth trajectory in the future."

 

 

Result PDF

View Other Company Results

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Anand Rathi Wealth Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 468.23 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,807.61 22,242.37
LAST 3M 53,561.78 1,857.71
LAST 6M 93,771.92 77,726.86
LAST 12M 161,092.98 118,023.38

Anand Rathi Wealth Ltd Information

Stock PE (TTM)
55.38
Promoter Holding
48.69%
Book Value
132.4921
ROCE
51.95%
ROE
41.53%
Description
  • Anand Rathi Wealth Limited was originally incorporated in the name of `Hitkari Finvest Private Limited` on March 22, 1995. It was thereafter renamed as `AR Venture Funds Management Private Limited` on 06 April 2005, which got later converted from a Private Limited Company to a Public Limited Company with the name `AR Venture Funds Management Limited` on 08 March 2007. Subsequently, AR Venture Funds Management Limited was converted to a Private Limited Company with the name `AR Venture Funds Management Private Limited` on 07 July 2015. Thereafter, AR Venture Funds Management Private Limited was again converted to a Public Limited Company with name `AR Venture Funds Management Limited` on 03 April 2017. Subsequently AR Venture Funds Management Limited was renamed as Anand Rathi Wealth Services Limited on 06 July 2017. Thereafter, Anand Rathi Wealth Services Limited was renamed as Anand Rathi Wealth Limited on 07 January 2021. The Company operate in the financial services industry with a focus on mutual fund distribution and sale of financial products. The Company is engaged in providing wealth management services and services for Distribution and Sale of Financial products.The company is one of the few pure wealth and distribution services company in India catering to the HNI as well as the Ultra HNI segments, offering various innovative financial products and investment solutions.The company offers two types of services-i.private wealth, where it manages Rs 29472 crore worth of assets under management(AUM) as of second half of FY22 and purchase of non convertible,market-linked debentures (MLDs). As on 31 March 2021, the company has three subsidiaries namely, AR Digital Wealth Private Limited, Freedom Intermediary Infrastructure Private Limited and Freedom Wealth Solutions Private Limited. On 08 August 2016,the company has issued and allotted 6230464 bonus equity shares of Rs 10 each to the shareholders in the ratio of 32:1. On 14 August 2018,the company has sub-divided its face value of equity shares from Rs 10 to Rs 5. On 16 July 2021,the company has issued and allotted 13872087 equity shares of Rs 5 each as bonus shares to the shareholders in the ratio of 1:2. The Company has come out with an Initial Public Offer in December, 2021 consisting of issuing upto 12,000,000 equity shares.

Registered Address

10th Floor A Wing Express Zone, Western Express HW Goregaon(E), Mumbai, Maharashtra, 400063

Tel : 91-22-4001 3700
Email : csarwsl:rathi.com
Website : https://anandrathiwealth.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 543415
NSE Code : ANANDRATHI
Book Closure Date (Month) :
BSE Group : B
ISIN : INE463V01026

FAQ’s on Anand Rathi Wealth Ltd Shares

You can buy Anand Rathi Wealth Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Anand Rathi Wealth Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 01, 2023 04:07 PM the closing price of Anand Rathi Wealth Ltd was ₹ 2,597.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 01, 2023 04:07 PM, the market cap of Anand Rathi Wealth Ltd stood at ₹ 10,839.88.

The latest PE ratio of Anand Rathi Wealth Ltd as of Dec 01, 2023 04:07 PM is 55.38

The latest PB ratio of Anand Rathi Wealth Ltd as of Dec 01, 2023 04:07 PM is 0.05

The 52-week high of Anand Rathi Wealth Ltd is ₹ 2,700.00 while the 52-week low is ₹ 655.75

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