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Anand Rathi Wealth Ltd share Price Today

Company details

3,975.50
4,044.10
851.10
4,299.95
6M Return 54.90%
1Y Return 362.33%
Mkt Cap.(Cr) 16,793.52
Volume 18,929
Div Yield 0.35%
OI
-
OI Chg %
-
Volume 18,929

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Capital Markets company Anand Rathi Wealth announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • The Company reported a net profit of Rs 57 crore for Q4FY24, marking a significant 33% increase over the Rs 42.7 crore from Q4FY23.
  • The company's revenue rose by 34% YoY, reaching Rs 197 crore in Q4FY24 compared to Rs 147.1 crore in Q4FY23.

FY24 Financial Highlights:

  • There was a 35% surge in the company's revenue during FY24, totaling Rs 752 crore, up from Rs 558.9 crore in FY23.
  • For FY24, the consolidated net profit ascended by 34% to Rs 226 crore from Rs 168.6 crore in the previous year.
  • The EPS increased by 34% YoY to Rs 54.1 for the full year.
  •  AUM expanded by a notable 52% to Rs 59,351 crore in FY24 from Rs 38,993 crore in FY23.
  • The Board of Directors recommended a Final dividend of Rs 9 per Equity Share, bringing the total dividend for FY24 to Rs 14 per Equity Share.
  • The Board approved a share buy-back of up to 3,70,000 Equity Shares at Rs 4,450 per share, allocating an aggregate amount not exceeding Rs 164.65 crore.
  • The company achieved an ROE of 40% for FY24.
  • The company witnessed an escalation of 41% in net inflows, reaching Rs 7,182 crore in FY24.
  • Equity Mutual Fund net inflows surged by 47% YoY to Rs 4,628 crore.

Private Wealth (PW) (Holding Company):

  • The Private Wealth vertical saw a revenue increase of 34% to Rs 720 crore.
  • Private Wealth(PW) Profit After Tax grew by 32% to Rs 221 crore.
  • Private Wealth AUM surged by 52% to approximately Rs 57,807 crore.
  • The number of active client families rose by 19% to 9,911.

Digital Wealth (DW) and Omni Financial Advisors (OFA):

  • Digital Wealth observed a 64% increase in revenue to Rs 25 crore.
  • AUM in DW grew by 47% to Rs 1,545 crore. 
  • Omni Financial Advisors reported a revenue growth of 17% to Rs 7 crore.
  • OFA increased its subscriber base to 5,994 mutual fund distributors.

Commenting on the results, Rakesh Rawal, Chief Executive Officer, said, "Amidst a fluctuating global economic environment, the Indian economy has emerged as a pillar of stability and hope. Despite the challenges posed by geopolitical tensions, the resilience of the Indian equity capital markets has been noteworthy, contributing significantly to wealth generation and the robust growth of the wealth management sector. Anand Rathi Wealth’s exemplary performance, evidenced by a commendable 52% YoY increase in our consolidated Assets Under Management (AUM) to Rs 59,351 crore, exemplifies this trend. This growth not only highlights our firm's adeptness in navigating market volatilities but also our unwavering dedication to our clients’ wealth enhancement. For the financial year 2024, we are pleased to report a remarkable increase in revenue by 35% YoY, reaching Rs 752 crore, and our Profit After Tax (PAT) surged by 34% YoY to Rs 226 crore, exceeding the forecasts for the fiscal year. In accordance with our policy to reward shareholders, the Board has declared a final dividend of Rs 9 per equity share, culminating in a total annual dividend of Rs 14 per equity share, alongside a share buy-back program valued at Rs 164.65 crore. Our strategy, centered on offering straightforward, comprehensive, and uniform solutions, has been a cornerstone of our strong and enduring growth. We are confident in our future, projecting a continued growth trajectory of 20–25%.”

Commenting on the results, Feroze Azeez, Deputy Chief Executive Officer, said, "In FY24, total net inflows saw an impressive increase of 41% YoY, amounting to Rs 7,182 crore. Furthermore, equity net inflows experienced a 47% YoY growth, reaching Rs 4,628 crore. This growth underscores the deep trust and confidence our clientele place in our capabilities to guide them towards achieving their financial aspirations. Our approach, grounded in meticulous data-driven research and a thorough understanding of client needs and associated risks, has been instrumental in this success. Our client-centric focus is further evidenced by maintaining our client attrition rate at approximately 1% in terms of AUM lost for the fiscal year 2024. Anand Rathi Wealth prides itself on cultivating an entrepreneurial culture, underlining the pivotal role of our Relationship Managers in propelling our growth. Our dedication to talent development and retention has been proven by the achievement of zero regrettable Relationship Manager attrition for three consecutive quarters. We are optimistic about the future of the wealth management industry, buoyed by factors such as increasing wealth, changing investor preferences, and technological innovations. These elements promise to revolutionize the wealth management domain, offering substantial growth and opportunities.”


     

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Anand Rathi Wealth Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (4)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 4,047.5
R2 4,080.1
R3 4,116.1
Pivot

4,011.50

S1 3,978.9
S2 3,942.9
S3 3,910.3
EMA SMA
3,982.4
3,918.5
3,647.5
3,060.9
4,014.5
3,982.1
3,756.2
2,932.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 2950.05 35003 NSE
SOCIETE GENERALE Block Sell 2024-01-25 2950.05 35003 NSE
ANAND RATHI FINANCIAL SERVICES LIMITED Bulk Sell 2023-03-23 810 330000 BSE
Name Category Shares
Anand Rathi PROMOTER 14.98%
Pradeep Kumar Gupta PROMOTER 4.43%
Priti Pradeep Gupta PROMOTER 2.66%
Pradeep Kumar Gupta Huf PROMOTER 1.79%
Navratan Mal Gupta Huf PROMOTER 1.72%
Anand Rathi Financial Services Limited PROMOTER 19.92%
M/S Jaipur Securities Pvt. Ltd. PROMOTER 1.51%

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 COMPARISON

Financials( in Cr) Anand Rathi Wealth Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 4,014.90 7,334.70 1,597.95 363.20 175.71
% Change 0.48 -0.09 0.39 1.74 0.52
Mcap Cr 16,793.52 454,015.00 254,951.16 230,751.27 229,626.72
Revenue TTM Cr 751.83 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 225.82 11,507.69 12,209.54 31.25 6,337.01
PE TTM 74.49 31.40 31.33 143.52 35.78
1 Year Return 362.33 3.35 7.94 45.92 431.65
ROCE 51.46 11.76 12.69 0.03 5.32
ROE 40.43 23.46 28.18 0.02 14.66
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 648.85 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Anand Rathi Wealth Ltd Information

Stock PE (TTM)
74.49
Promoter Holding
48.03%
Book Value
155.1233
ROCE
51.46%
ROE
40.43%
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://www.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 : A
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 Jun 18, 2024 03:58 PM the closing price of Anand Rathi Wealth Ltd was Rs.4,014.90.

The latest PE ratio of Anand Rathi Wealth Ltd as of Jun 18, 2024 03:58 PM is 74.49

The latest PB ratio of Anand Rathi Wealth Ltd as of Jun 18, 2024 03:58 PM is 0.04

The 52-week high of Anand Rathi Wealth Ltd share price is Rs. 4,299.95 while the 52-week low is Rs. 851.10

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 Jun 18, 2024 03:58 PM, the market cap of Anand Rathi Wealth Ltd stood at Rs. 16,793.52.

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