Anand Rathi Wealth (NSE: ANANDRATHI) share: Today, in this post we’ll discuss about Anand Rathi Wealth latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
Amidst the selling in the market, on Monday, the first trading day of the week, investors fell on the shares of the wealth management company- Anand Rathi Wealth.
Anand Rathi Wealth shares gained 5 percent on BSE after the company approved a buyback of Rs 164.65 crore through a tender offer. The price of the shares set a new record of Rs. 4,215 during trading.
With this, the stock crossed its previous high of Rs 4,199.80 touched on March 4, 2024.
What Is The Company’s Plan?
Anand Rathi Wealth detailed the buyback in an exchange filing.
The company announced that the board of directors has approved the buyback plan of 3,70,000 equity shares at 4450 rupees for each equity share.
This will amount to Rs 164.65 crore in total. This amounts to 0.88 percent of equity share capital that has been paid up to the total.
Stock Performance
Let us tell you that the share price of Anand Rathi Wealth in the stock market has increased by 394 percent in the last year, while the S&P BSE Sensex has increased by 23 percent.
It has increased 130 percent in the last six months, as opposed to an 11 percent increase for the index used for benchmarking.
Business Model
Anand Rathi Wealth is India’s leading investment company.
In addition to the Private Wealth sector (PW) and the Private Wealth vertical (PW),
the company also has two other new tech-based business segments i.e. Digital Wealth (DW) and Omni Financial Advisors (OFA).
Anand Rathi Wealth achieved revenue of Rs 752 crore in the financial year 2024 (FY24). It recorded a healthy growth of 35 percent year-on-year.
Talking about profit, it increased by 34 percent to Rs 226 crore, which is more than the forecast for the financial year.
Assets under management (AUM) recorded a 52 percent year-on-year growth to Rs 59,351 crore.
About Anand Rathi Wealth
Anand Rathi Wealth Limited is an India-based company. The company is in the provision of solutions for the distribution and sale of products for financial markets.
The Company is a partner to extremely and super-high net wealth people (HNIs or UHNIs) to assist them in their investment in financial instruments with its products.
The mainstay Private Wealth (PW) vertical offers solutions for its clients by making it easier to invest in financial instruments using an objective-driven procedure.
The Digital Wealth (DW) vertical is a fintech extension of its offerings, targeting the market’s wealthy segment through a wealth-related solution offered via a phygital channel which is a mix of technology and human interaction.
Omni Financial Advisors (OFA) vertical is also a means to capture the landscape of wealth management with an online platform that allows mutual fund distribution companies (MFDs) to provide services to their clients and expand their business.
Fundamental Analysis of Anand Rathi Wealth
| Market Cap | ₹ 17,511 Cr. |
| Current Price | ₹ 4,186 |
| 52-wk High | ₹ 4,215 |
| 52-wk Low | ₹836 |
| Stock P/E | 77.8 |
| Book Value | ₹ 155 |
| Dividend | 0.29% |
| ROCE | 50.7 % |
| ROE | 40.3% |
| Face Value | ₹ 5.00 |
| P/B Value | 27.0 |
| OPM | 41.9% |
| EPS | ₹ 53.8 |
| Debt | ₹ 51.7 Cr. |
| Debt to Equity | 0.08 |
Anand Rathi Wealth Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 48.74% |
| Mar 2023 | 48.74% |
| June 2023 | 48.75% |
| Sept 2023 | 48.69% |
| Dec 2023 | 48.20% |
| FII Holding | |
| Dec 2022 | 0.81% |
| Mar 2023 | 1.71% |
| June 2023 | 2.11% |
| Sept 2023 | 1.84% |
| Dec 2023 | 3.01% |
| DII Holding | |
| Dec 2022 | 11.82% |
| Mar 2023 | 9.99% |
| June 2023 | 9.72% |
| Sept 2023 | 10.26% |
| Dec 2023 | 9.16% |
| Public Holding | |
| Dec 2022 | 38.63% |
| Mar 2023 | 39.56% |
| June 2023 | 39.42% |
| Sept 2023 | 39.21% |
| Dec 2023 | 39.64% |
Anand Rathi Wealth Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹280 Cr |
| 2020 | ₹336 Cr |
| 2021 | ₹273 Cr |
| 2022 | ₹424 Cr |
| 2023 | ₹724 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹58 Cr |
| 2020 | ₹62 Cr |
| 2021 | ₹45 Cr |
| 2022 | ₹127 Cr |
| 2023 | ₹226 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | — |
| 2020 | — |
| 2021 | — |
| 2022 | — |
| 2023 | — |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | 31% |
| 3 Years: | 71% |
| Current Year: | 34% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | – |
| 5 Years: | 38% |
| 3 Years: | 41% |
| Last Year: | 40% |
Sales Growth Over 10 Years:
| 10 Years: | – |
| 5 Years: | 21% |
| 3 Years: | 38% |
| Current Year: | 30% |
Conclusion
This article is a complete guide about Anand Rathi Wealth Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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