ANANDRATHI

Anand Rathi Wealth Limited

Wealth management firm for high-net-worth and ultra-high-net-worth individuals

Financial Services›Financial Services›Capital Markets›Financial Products Distributor

anandrathiwealth.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2159.70
Market cap
35,860 Cr
Stock P/E
78.9
P/B
27.94
Dividend yield
0.3%
ROE (FY26)
39.1%
ROCE (FY26)
53.7%
Operating margin (FY26)
38.9%
Debt / equity (FY26)
0.02

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Anand Rathi Wealth advises client families in India on their investments through relationship managers (RMs), and managed ₹1,06,300 crore of client assets at June 2026 (July 2026 press release).

Company snapshot

1stBy market cap

Ranked among 2 companies in Financial Products Distributor.

What we see

Positives
  • ✓Net margin of 34.6% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales182 Cr184 Cr238 Cr242 Cr237 Cr222 Cr274 Cr297 Cr290 Cr288 Cr322 Cr344 Cr
Operating expenses (approx.)103 Cr111 Cr139 Cr138 Cr130 Cr131 Cr146 Cr160 Cr158 Cr203 Cr213 Cr227 Cr
EBITDA80 Cr73 Cr98 Cr104 Cr107 Cr91 Cr128 Cr137 Cr131 Cr85 Cr109 Cr117 Cr
OPM %43.8%39.7%41.3%42.9%45.2%40.9%46.6%46.2%45.4%29.5%33.7%34.0%
Other income5 Cr13 Cr8 Cr7 Cr7 Cr19 Cr10 Cr10 Cr16 Cr68 Cr110 Cr13 Cr
Interest2 Cr2 Cr1 Cr3 Cr4 Cr4 Cr4 Cr5 Cr4 Cr3 Cr4 Cr3 Cr
Depreciation5 Cr5 Cr6 Cr6 Cr7 Cr7 Cr8 Cr8 Cr9 Cr10 Cr9 Cr9 Cr
Profit before tax78 Cr79 Cr99 Cr102 Cr104 Cr99 Cr126 Cr134 Cr135 Cr140 Cr206 Cr117 Cr
Tax %25.6%28.0%25.8%25.3%25.8%25.9%25.7%25.5%26.0%26.2%20.9%23.7%
Net profit58 Cr57 Cr73 Cr76 Cr77 Cr74 Cr94 Cr100 Cr100 Cr103 Cr163 Cr89 Cr
EPS (₹)₹13.91₹13.62₹17.56₹18.32₹18.58₹8.87₹11.31₹12.03₹12.07₹12.46₹9.82₹5.38

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales277 Cr332 Cr265 Cr417 Cr549 Cr724 Cr939 Cr1,149 CrSign in free for the trailing twelve months
Operating expenses (approx.)179 Cr225 Cr195 Cr240 Cr310 Cr421 Cr539 Cr667 CrSign in free for the trailing twelve months
EBITDA98 Cr107 Cr70 Cr177 Cr239 Cr304 Cr400 Cr481 CrSign in free for the trailing twelve months
OPM %35.4%32.2%26.3%42.4%43.5%41.9%42.6%41.9%Sign in free for the trailing twelve months
Other income8 Cr5 Cr14 Cr8 Cr10 Cr28 Cr42 Cr104 CrSign in free for the trailing twelve months
Interest6 Cr3 Cr3 Cr2 Cr4 Cr6 Cr12 Cr16 CrSign in free for the trailing twelve months
Depreciation16 Cr21 Cr17 Cr16 Cr17 Cr19 Cr25 Cr34 CrSign in free for the trailing twelve months
Profit before tax83 Cr87 Cr64 Cr168 Cr228 Cr306 Cr405 Cr536 CrSign in free for the trailing twelve months
Tax %29.7%29.1%29.1%24.4%26.2%26.1%25.7%25.9%Sign in free for the trailing twelve months
Net profit58 Cr62 Cr45 Cr127 Cr169 Cr226 Cr301 Cr397 CrSign in free for the trailing twelve months
EPS (₹)₹14.67₹15.15₹10.98₹30.49₹40.46₹54.10₹36.17₹36.17Sign in free for the trailing twelve months
Dividend payout %———21.9%27.2%22.2%22.2%27.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital13 Cr14 Cr14 Cr21 Cr21 Cr21 Cr42 Cr42 Cr
Reserves110 Cr172 Cr228 Cr323 Cr447 Cr628 Cr632 Cr957 Cr
Borrowings0.60 Cr42 Cr33 Cr25 Cr37 Cr8 Cr22 Cr17 Cr
Other liabilities94 Cr170 Cr53 Cr100 Cr107 Cr210 Cr252 Cr300 Cr
Total liabilities231 Cr409 Cr339 Cr480 Cr624 Cr880 Cr961 Cr1,329 Cr
Fixed assets (net)7 Cr9 Cr7 Cr94 Cr111 Cr132 Cr173 Cr181 Cr
CWIP—65 Cr69 Cr0 Cr0 Cr0.82 Cr0 Cr—
Investments75 Cr103 Cr104 Cr104 Cr106 Cr112 Cr244 Cr265 Cr
Loans & advances———0 Cr0 Cr0 Cr0 Cr37 Cr
Trade receivables11 Cr9 Cr11 Cr15 Cr17 Cr28 Cr35 Cr43 Cr
Cash & bank11 Cr28 Cr65 Cr87 Cr60 Cr33 Cr44 Cr241 Cr
Other assets126 Cr194 Cr83 Cr181 Cr330 Cr573 Cr465 Cr563 Cr
Total assets231 Cr409 Cr339 Cr480 Cr624 Cr880 Cr961 Cr1,329 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity67 Cr140 Cr-21 Cr146 Cr84 Cr278 Cr244 Cr281 Cr
Cash from investing-42 Cr-152 Cr75 Cr-77 Cr-43 Cr-237 Cr46 Cr64 Cr
Cash from financing-14 Cr28 Cr-17 Cr-46 Cr-64 Cr-72 Cr-279 Cr-142 Cr
Net cash flow11 Cr17 Cr37 Cr22 Cr-23 Cr-32 Cr11 Cr202 Cr
Free cash flow (OCF − Capex)36 Cr81 Cr—142 Cr67 Cr278 Cr208 Cr268 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %65.1%37.8%23.2%44.6%45.0%46.6%58.7%53.7%
ROE %43.4%31.1%17.8%35.7%35.1%34.0%43.6%39.1%
Debtor days1410151311141414
Inventory days———00000
Days payable02000000
Cash conversion cycle148151311141414
Debt / equity0.00480.220.140.070.080.010.030.02
Current ratio1.600.941.742.062.923.452.673.83
Net debt / EBITDA-0.110.13-0.46-0.35-0.10-0.08-0.06-0.47