On 6 Nov 2026, Angel One was priced at ₹331.00, or 26.8× trailing earnings, against an industry P/E of 18.4×. Sales and net profit grew 20% and 0.9% a year over 3 years, with ROCE of 27% and ROE of 18%. Debt is 1.14× equity, and its dividend yield is 2.0%. It is a small-cap company with a market cap of ₹30,290 Cr, ranked 4th of 219 Capital Markets companies by market cap; the shares rose 30% over the past year.
- ₹320.70
- ₹331.80
- ₹317.10
- ₹326.15
- 73.8 L
Health check
- ReturnsAhead
+29.5% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 26.8 vs industry 18.4.
- GrowthSlow
Sales +20.3%, profit +0.9% a year over 3 years.
- ProfitabilityStrong
ROCE 26.9% vs peer median 20.1%.
- Balance sheetFair
Debt 1.14× equity, interest covered 4.2×, Piotroski 4 of 9.
- Red flags1 to check
Interest coverage of only 2.5×.
Small cap
Defensive
Key metrics
- Market cap
- ₹30,290 Cr
- Small cap
- P/E
- 26.8
- Industry 18.4
- Price to book
- 4.53
- Peers 4.27
- Dividend yield
- 1.98%
- ROE
- 18.4%
- Peers 18.9%
- ROCE
- 26.9%
- Peers 20.1%
- Debt to equity
- 1.14
- Debt ₹7,632 Cr
- EPS (TTM)
- ₹12.36
- Face value ₹1
- OPM (TTM)
- 39.7%
- Net margin 22.4%
- Sales growth
- +15.4%
- Latest quarter vs a year ago
- Profit growth
- +57.2%
- Latest quarter vs a year ago
- Price to sales
- 5.87
Strengths and risks
Strengths
- Return on equity of 18.4%.
- Return on capital employed of 26.9%.
- Quarterly profit up 57.2% on a year ago.
- Quarterly sales up 15.4% on a year ago.
- Net margin of 22.4%.
Risks to check
- Interest coverage of only 2.5×.
About Angel One
Angel One Limited provides broking and advisory services, margin funding, and financial products to its clients in India and internationally. The company provides equity, commodities, derivatives, and currency derivative products. It also manages client's securities in the electronic form; facilitates clients in applying for initial public offerings; and provides funds to investors for trading. In addition, the company offers insurance, mutual funds,…
- Headquarters
- Mumbai
- Employees
- 2,934
- Sector
- Financial Services
- ISIN
- INE732I01021
- Website
- angelone.in
Price range
- Avg volume (3M)
- 58.7 L
- 1-year return
- plus 29.5%
- From 52-week high
- minus 8.2%
Analyst consensus
Peers · Capital Markets
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GROWWBillionbrains Garage Ventures | 215.08 | minus 3.93% | 1,33,585 | 50.3 | 13.78 | 29.3% | 21.6% | 62.9% | – | – | 0.00% | plus 70.5% |
| MOTILALOFSMotilal Oswal Financial Services | 1,102.00 | plus 0.64% | 66,448 | 25.0 | 4.27 | 18.1% | 18.9% | 52.4% | 29.0% | 26.1% | 0.55% | plus 11.1% |
| AIILAuthum Investment & Infrastructure | 570.05 | plus 0.08% | 48,410 | 27.6 | 3.29 | 15.2% | 13.1% | 74.0% | 44.4% | −23.5% | 0.00% | minus 0.7% |
| ANGELONEAngel One | 331.00 | plus 1.49% | 30,290 | 26.8 | 4.53 | 26.9% | 18.4% | 39.7% | 20.3% | 0.9% | 1.98% | plus 29.5% |
| CDSLCentral Depository Services (India) | 1,331.40 | minus 0.19% | 27,826 | 55.1 | 14.03 | 29.7% | 26.4% | 48.8% | 27.3% | 18.2% | 0.96% | minus 13.3% |
| CHOICEINChoice International | 748.20 | minus 0.09% | 16,668 | 62.9 | 8.90 | 17.6% | 15.8% | 36.0% | 42.2% | 53.6% | 0.00% | minus 7.4% |
| IIFLCAPSIIFL Capital Services | 349.80 | plus 0.13% | 13,036 | 18.8 | 3.15 | 22.1% | 19.5% | 36.1% | 19.9% | 30.9% | 0.86% | plus 4.1% |
| JMFINANCILJM Financial | 111.42 | plus 2.42% | 10,663 | 10.6 | 1.00 | – | 11.8% | 47.2% | 19.1% | 26.2% | 1.54% | minus 34.2% |
| Median of 7 peers | – | 0.08% | 27,826 | 27.6 | 4.27 | 20.1% | 18.9% | 48.8% | 28.2% | 26.2% | 0.55% | −0.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 1,134 | – | 1,330 | 1,455 | 1,424 | 1,420 | |
| 866 | – | 804 | 858 | 944 | 791 | |
| 268 | – | 527 | 597 | 480 | 629 | |
| 23.6% | – | 39.6% | 41.0% | 33.7% | 44.3% | |
| 2.6 | – | 2.7 | 7.8 | 4 | 4.5 | |
| 82.9 | – | 127 | 134 | 129 | 147 | |
| 29.9 | – | 31.5 | 32.9 | 35.1 | 34.8 | |
| 6.7 | – | 2.7 | 1.7 | 4.8 | 7.6 | |
| 164 | – | 373 | 440 | 325 | 458 | |
| 30.4% | – | 28.1% | 27.2% | 28.7% | 26.9% | |
| 114 | – | 269 | 320 | 231 | 335 | |
| – | 2.27 | 2.88 | 3.44 | 2.46 | 3.57 |
Profit & loss
- Sales CAGR 3Y
- +20.3%
- Profit CAGR 3Y
- +0.9%
- EPS CAGR 3Y
- −2.1%
- ROE
- 18.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,473 | 3,397 | 4,248 | 4,305 | |
| – | +37.4% | +25.0% | +1.4% | |
| 1,440 | 2,206 | 3,020 | 3,293 | |
| 1,033 | 1,191 | 1,227 | 1,012 | |
| 41.8% | 35.1% | 28.9% | 23.5% | |
| 246 | 483 | 692 | 765 | |
| 69.4 | 108 | 249 | 403 | |
| 30.5 | 50 | 103 | 125 | |
| 12.9 | −2.2 | 24.5 | 22.2 | |
| 1,192 | 1,514 | 1,592 | 1,272 | |
| 25.3% | 25.6% | 26.4% | 28.0% | |
| 890 | 1,126 | 1,172 | 915 | |
| – | +26.5% | +4.1% | minus 21.9% | |
| 10.51 | 13.18 | 12.68 | 9.85 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 83.4 | 84 | 90.3 | 91.1 | |
| 2,078 | 2,955 | 5,531 | 6,027 | |
| 788 | 2,541 | 3,414 | 7,951 | |
| 4,528 | 7,674 | 7,853 | 9,835 | |
| 7,478 | 13,254 | 16,889 | 23,904 | |
| 212 | 356 | 450 | 448 | |
| 61.5 | – | – | 0.6 | |
| 27.8 | 26.8 | 4,373 | 1,656 | |
| 5,759 | 10,668 | 7,832 | 15,982 | |
| 1,418 | 2,202 | 4,234 | 5,817 | |
| 7,478 | 13,254 | 16,889 | 23,904 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 804 | −330 | −1,860 | −4,142 | |
| −185 | −91 | −341 | −111 | |
| −908 | 1,331 | 1,917 | 3,656 | |
| −289 | 910 | −284 | −597 | |
| −114 | −208 | −164 | −80.8 | |
| 690 | −537 | −2,024 | −4,223 | |
| −376 | −324 | −199 | −444 |
Shareholding pattern
- Promoters28.55%
- Public71.45%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 28.55% | 71.45% | minus 0.04 | |
| 30 Jun 2026 | 28.59% | 71.41% | minus 0.21 | |
| 31 Mar 2026 | 28.80% | 71.20% | minus 0.07 | |
| 31 Dec 2025 | 28.87% | 71.13% | minus 0.04 | |
| 30 Sep 2025 | 28.91% | 71.09% | – |
Major shareholders
Filings & events
News
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