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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543235 | NSE: ANGELONE

Fundamental Analysis of Angel One Ltd

About the Company - Angel One Ltd

Angel One Ltd. is a Public Limited Listed company incorporated on 08/08/1996 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67120MH1996PLC101709 and registration number is 101709. Currently company belongs to the Industry of Finance & Investments. Company’s Total Operating Revenue is Rs. 2237.67 Cr. and Equity Capital is Rs. 82.86 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & Investments601, 6th Floor, Ackruti Star, Central Road, Mumbai Maharashtra 400093support@angelone.in
https://www.angelone.in
Management
NamePosition Held
Mr. Dinesh D ThakkarChairman & Managing Director
Mr. Ketan ShahWhole Time Director
Mr. Krishna IyerNon Executive Director
Ms. Mala TodarwalInd. Non-Executive Director
Mr. Muralidharan RamachandranInd. Non-Executive Director
Mr. Krishnaswamy Arabadi SridharInd. Non-Executive Director
Mr. Kalyan PrasathInd. Non-Executive Director

Basic Stock Data of Angel One Ltd

Last Updated: April 8, 2024, 12:55 pm

Market Cap 26,987 Cr.
Current Price 3,003
High / Low3,900/1,181
Stock P/E25.7
Book Value 311
Dividend Yield1.30 %
ROCE44.0 %
ROE47.1 %
Face Value 10.0
PEG Ratio0.42

Competitors of Angel One Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Autoriders Finance Ltd 0.58 Cr. 0.440.44/0.42 10.60.00 %%% 10.0
Transwarranty Finance Ltd 104 Cr. 21.421.4/7.55130 6.180.00 %7.53 %2.69 % 10.0
5Paisa Capital Ltd 1,780 Cr. 571759/28528.2 1610.00 %12.4 %10.6 % 10.0
STEL Holdings Ltd 714 Cr. 384395/13353.8 8150.00 %1.53 %1.14 % 10.0
Nalwa Sons Investments Ltd 1,797 Cr. 3,4963,880/2,07030.3 20,6000.00 %1.57 %1.14 % 10.0
Industry Average879.12 Cr894.5748.464,318.560.00%4.61%3.11%10.00

Angel One Ltd Quarterly Results

Month

Angel One Ltd Quarterly Chart

Angel One Ltd Profit & Loss

Month

Angel One Ltd Profit & Loss Yearly Chart

Angel One Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:41%
3 Years:49%
TTM:42%
Compounded Profit Growth
10 Years:%
5 Years:70%
3 Years:55%
TTM:28%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:52%
1 Year:103%
Return on Equity
10 Years:%
5 Years:42%
3 Years:45%
Last Year:43%

Last Updated: April 8, 2024, 12:55 pm

Angel One Ltd Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14141472727282838384
Reserves3323553754034595191,0491,5022,0782,529
Borrowings3333587721,1258724911,1711,2587871,555
Other Liabilities2954116417678051,1082,5114,3784,5296,658
Total Liabilities9741,1391,8032,3672,2092,1904,8147,2207,47810,826
Fixed Assets121122123116134124115152187250
CWIP1310120126250
Investments005061535619109117
Other Assets8521,0141,6302,2462,0592,0294,6937,0377,12010,408
Total Assets9741,1391,8032,3672,2092,1904,8147,2207,47810,826

Angel One Ltd Reserves and Borrowings Chart

Angel One Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 11-77-210-309643-1,199558803
Cash from Investing Activity -7-13-5047-2825-52-185
Cash from Financing Activity 240350239-449894-165-907
Net Cash Flow5-5191-23166-280340-289

Angel One Ltd Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-221.00-268.00-769.00253.00-669.00-308.00461.00925.00-786.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Angel One Ltd Free Cash Flow Chart

Angel One Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2183617127510119649046
Inventory Days
Days Payable
Cash Conversion Cycle2183617127510119649046
Working Capital Days122119289244127-380-235-569-474
ROCE %12%11%18%13%14%27%35%44%

Angel One Ltd Financial Efficiency Indicators Chart

Angel One Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
Promoters43.77%43.68%44.00%43.83%43.71%43.68%38.48%38.30%38.26%38.23%38.21%35.72%
FIIs4.66%5.44%8.96%10.54%11.27%17.25%16.61%17.04%16.82%19.11%17.27%17.95%
DIIs8.17%8.57%10.33%8.92%9.71%9.27%9.73%10.25%10.41%9.32%9.49%13.59%
Public43.40%42.31%36.72%36.70%35.32%29.80%35.17%34.42%34.52%33.33%35.02%32.74%
No. of Shareholders84,7641,11,7551,01,0281,28,7871,21,0001,25,0671,42,3201,29,2111,31,8761,55,1942,00,3552,00,363

Angel One Ltd Shareholding Pattern Chart

No. of Angel One Ltd Shareholders

Angel One Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Growth Fund17316111.66320.46
Nippon India Focused Equity Fund8608702.23159.32
Nippon India Value Fund7182232.33132.92
Tata Equity P/E Fund - Regular Plan5649901.77105.64
Tata Equity P/E Fund - Regular Plan - Trigger Option A 5%5649901.77105.64
Nippon India Banking & Financial Services Fund4978551.9992.14
Nippon India Small Cap Fund3948650.273.08
Canara Robeco Small Cap Fund2668970.6349.39
Sundaram Services Fund2103991.4139.34
Nippon India Equity Hybrid Fund1418820.8526.26

Angel One Ltd ROCE Trend

Angel One Ltd EPS Trend

Angel One Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)106.9175.7238.6011.4411.09
Diluted EPS (Rs.)106.9174.4438.3211.4411.09
Cash EPS (Rs.)110.3177.6638.5214.3413.72
Book Value[Excl.RevalReserv]/Share (Rs.)259.12191.21138.2282.1573.81
Book Value[Incl.RevalReserv]/Share (Rs.)259.12191.21138.2282.1573.81
Revenue From Operations / Share (Rs.)359.82272.58154.43100.65105.28
PBDIT / Share (Rs.)157.23111.9457.2526.1929.94
PBIT / Share (Rs.)153.60109.6955.0123.2827.31
PBT / Share (Rs.)142.87100.9850.2516.5017.81
Net Profit / Share (Rs.)106.6875.4136.2811.4411.09
NP After MI And SOA / Share (Rs.)106.6875.4136.2811.4411.09
PBDIT Margin (%)43.6941.0637.0726.0128.43
PBIT Margin (%)42.6840.2335.6123.1325.94
PBT Margin (%)39.7037.0432.5316.3916.91
Net Profit Margin (%)29.6427.6623.4911.3610.53
NP After MI And SOA Margin (%)29.6427.6623.4911.3610.53
Return on Networth / Equity (%)41.1739.4326.2413.9215.02
Return on Capital Employeed (%)56.7255.3537.9426.6334.91
Return On Assets (%)11.908.656.163.753.61
Long Term Debt / Equity (X)0.010.000.000.000.00
Total Debt / Equity (X)0.360.791.040.831.64
Asset Turnover Ratio (%)0.400.370.350.320.32
Current Ratio (X)1.371.261.291.311.24
Quick Ratio (X)1.371.261.291.311.24
Dividend Payout Ratio (NP) (%)42.2033.4314.3623.6024.34
Dividend Payout Ratio (CP) (%)40.8132.4613.5318.8219.68
Earning Retention Ratio (%)57.8066.5785.6476.4075.66
Cash Earning Retention Ratio (%)59.1967.5486.4781.1880.32
Interest Coverage Ratio (X)14.6512.8612.033.863.15
Interest Coverage Ratio (Post Tax) (X)10.949.668.662.782.22
Enterprise Value (Cr.)5000.359108.671676.010.000.00
EV / Net Operating Revenue (X)1.674.031.330.000.00
EV / EBITDA (X)3.819.823.580.000.00
MarketCap / Net Operating Revenue (X)3.235.631.880.000.00
Retention Ratios (%)57.7966.5685.6376.3975.65
Price / BV (X)4.498.032.110.000.00
Price / Net Operating Revenue (X)3.235.631.880.000.00
EarningsYield0.090.040.120.000.00

Angel One Ltd Profitability Ratios (%)

Angel One Ltd Liquidity Ratios

Angel One Ltd Liquidity Ratios (%)

Angel One Ltd Interest Coverage Ratios (%)

Angel One Ltd Valuation Ratios

Fair Value

Fair Value: ₹3,813.50

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 26.99% compared to the current price ₹3003

Intrinsic Value: ₹6,158.35

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 105.07% compared to the current price ₹3003

Last 5 Year EPS CAGR: 61.49%

*Investments are subject to market risks

Strength and Weakness of Angel One Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 19.33%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -84.11, which is a positive sign.
  3. The company has higher reserves (960.10 cr) compared to borrowings (872.20 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (364.60 cr) and profit (181.90 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 187.33, which may not be favorable.

Should I Buy Angel One Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Angel One Ltd:
    1. Net Profit Margin: 29.64%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 56.72% (Industry Average ROCE: 45.72%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 41.17% (Industry Average ROE: 35.94%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 10.94
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.37
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 25.7 (Industry average Stock P/E: 19.04)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.36
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★★★☆

FAQ

What is the latest fair value of Angel One Ltd?

The latest fair value of Angel One Ltd is 3813.50.

What is the Market Cap of Angel One Ltd?

The Market Cap of Angel One Ltd is 26,987 Cr..

What is the current Stock Price of Angel One Ltd as on 17 April 2024?

The current stock price of Angel One Ltd as on 17 April 2024 is 3,003.

What is the High / Low of Angel One Ltd stocks in FY 2024?

In FY 2024, the High / Low of Angel One Ltd stocks is ₹3,900/1,181.

What is the Stock P/E of Angel One Ltd?

The Stock P/E of Angel One Ltd is 25.7.

What is the Book Value of Angel One Ltd?

The Book Value of Angel One Ltd is 311.

What is the Dividend Yield of Angel One Ltd?

The Dividend Yield of Angel One Ltd is 1.30 %.

What is the ROCE of Angel One Ltd?

The ROCE of Angel One Ltd is 44.0 %.

What is the ROE of Angel One Ltd?

The ROE of Angel One Ltd is 47.1 %.

What is the Face Value of Angel One Ltd?

The Face Value of Angel One Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Angel One Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE