Company File · BSE 543415 · Latest filing Q2 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Anand Rathi Wealth Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q2 FY27
ISIN INE463V01026 · ANANDRATHI · Financial Services › Capital Markets
About the business
What does Anand Rathi Wealth do? It is a private wealth management firm, part of the Anand Rathi Group. It advises high-net-worth individuals & families, meaning people with large investable wealth, on their investments. It mainly earns by distributing mutual funds & structured products, & by giving financial planning advice. What is a structured product? An investment built from a mix of bonds & derivatives to give a set payoff pattern. It also runs a digital wealth platform for affluent clients.
Price & valuation · BSE close, 19 Oct 2026
Above its usual level
- Sales growth
- +16.6%
- Profit growth
- −9.1%
- Op. margin
- 34.8%
- P/E
- 79.3×
- Usual P/E
- 75.0×
- Price/book
- 27.5×
- ROCE
- 55.9%
- ROE
- 42.3%
- Debt/equity
- 0.01×
- Promoter
- 40.95%
- Pledged
- 13.97%
From the latest earnings call · Jul to Sep 2026 · transcript filed 16 Oct 2026
Jul–Sep 2026 profit grew 22% from a year earlier to ₹122 crore, revenue up 16% to ₹357 crore. Company achieved record net inflows of ₹4,186 crore (up 39%), highest equity mutual fund net flows of ₹2,867 crore & added 1,500 client families, reaching 14,309 total.
Guidance on this call: full-year PAT. The numbers are in the full notes, with Premium.
Is it expensive, and is it a good business?
Key ratios
In short Priced above its own usual level (P/E 79.3× vs 75.0×), earns high returns on capital (ROCE 55.9%) and has modest borrowings (debt to equity 0.01×).
What you pay Valuation
Buyers pay about ₹79 for every ₹1 the company earned per share over the last year. Above its 1-year median of 75.0×.
Latest BSE close ÷ last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. Earlier quarters' EPS is restated on the latest share count after a split or bonus. As of 19th October 2026.
The share price is 27.5 times the accounting value of each share. Below its 1-year median of 30.8×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
The market values the company at 29.9 times its yearly sales.
Market value ÷ last 12 months' revenue. As of 19th October 2026.
The whole business (shares plus debt, minus cash) is valued at about 81.7 years of its operating profit.
Enterprise value ÷ last 12 months' EBITDA. As of 19th October 2026.
The P/E of 79.3 divided by EPS growth of 34.4% (the last four quarters vs the four before). Below 1 is often read as cheap for the growth; above 2 as expensive.
P/E ÷ 12-month EPS growth in % (the last four quarters vs the four before; when those are not all held, the latest financial year vs the year before). Growth above 100% counts as 100%; left blank when EPS fell or was below ₹1 a share a year earlier. Without one-off items when either year has large ones, as for the P/E. As of 19th October 2026.
The company paid ₹7.50 a share in the last 12 months (2 payouts), 0.35% of today's share price.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How well it uses money Returns & strength
Each ₹100 of shareholders' money and debt earned about ₹55.9 before interest & tax.
Last 12 months' profit before interest & tax ÷ average (equity + borrowings). As of 30th September 2026.
For every ₹100 of shareholders' money, the company earned about ₹42.3 in a year.
Last 12 months' profit after tax (continuing operations where reported) ÷ average equity. As of 30th September 2026.
The money actually tied up in running the business (leaving out spare cash) earned about 50.4% after tax.
Last 12 months' operating profit after tax (profit before interest & tax × (1 − effective tax rate)) ÷ average invested capital (equity + borrowings − cash & bank balances). As of 30th September 2026.
Every ₹1 of assets generated about ₹0.88 of sales in a year.
Last 12 months' revenue ÷ average total assets. As of 30th September 2026.
Operating profit covered interest costs about 45 times.
Last 12 months' profit before interest & tax ÷ finance costs. As of 30th September 2026.
For every ₹1 of shareholders' money, it has borrowed ₹0.01.
Borrowings ÷ shareholders' equity on the latest balance-sheet date. As of 30th September 2026.
Who owns it Ownership & more
The founders or parent group own 40.95% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding fell by 0.42 percentage points last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
Promoter holding, quarter by quarter
- Sep 202640.95%
- Jun 202641.37%
- Mar 202643.11%
- Dec 202543.11%
- Sep 202542.72%
Promoters have pledged 13.97% of their shares (95 lakh shares), 5.72% of the company.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
Pledged, quarter by quarter
- Sep 202613.97%
- Jun 202613.83%
- Mar 202611.42%
- Dec 20250.01%
- Sep 20250.01%
After paying for new plant & equipment, operations left ₹236 crore of cash.
Cash from operations − spending on plant & equipment, latest full year. As of 31st March 2026.
Free cash flow, year by year
- FY26₹236 Cr
- FY25₹316 Cr
Each share has a face (nominal) value of ₹5. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 16.60 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹35,962 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹35,706 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹454 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 30th September 2026.
Each share earned about ₹27.32 over the last year.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. Earlier quarters' EPS is restated on the latest share count after a split or bonus. As of 30th September 2026.
Each share is backed by about ₹79 of net assets on the books.
Shareholders' equity ÷ shares. As of 30th September 2026.
About ₹36.3 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 30th September 2026.
About ₹26.5 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th September 2026.
Sales were 16.6% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th September 2026.
Profit was 9.1% lower than a year earlier.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th September 2026.
Short-term assets cover short-term bills 4.90 times.
Current assets ÷ current liabilities. As of 30th September 2026.
Customers take about 14 days to pay.
Trade receivables ÷ last 12 months' revenue × 365. As of 30th September 2026.
Stock on hand equals about 0 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 30th September 2026.
34.1% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 30th September 2026.
Each ₹1 of profit brought in ₹0.65 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Cash exceeds borrowings by ₹256 crore.
Cash & bank balances − borrowings. As of 30th September 2026.
The company paid about 23.8% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th September 2026.
Everything the company owns earned 33.3% in a year.
Last 12 months' profit ÷ average total assets. As of 30th September 2026.
Operating profit before interest, depreciation & tax was ₹437 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th September 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹17 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹15 crore.
Current + non-current borrowings. As of 30th September 2026.
Foreign institutions own 6.64%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 10.25%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹2,267.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 18th September 2026.
The lowest price in the last year was ₹1,354.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 27th January 2026.
The share price moved 35.4% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 27% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th September 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 16.60 crore, from paid-up capital in the 19th October 2026 filing. Figures are standalone.
What you pay: Higher numbers mean you pay more for each rupee the company earns or owns.
How well it uses money: Higher returns mean each rupee in the business earns more. Lower debt means less strain.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
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Last 4 quarters ₹ crore · Standalone
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|
| Revenue from operations | 279.4 | 277.2 | 312.9 | 333.5 |
| EBITDA | 129.5 | 83.1 | 108.3 | 116.1 |
| Operating margin | 46.3% | 30.0% | 34.6% | 34.8% |
| Profit after tax | 99.8 | 102.2 | 163.2 | 88.3 |
| Basic EPS (₹) | 12.02 | 12.31 | 9.83 | 5.32 |
Latest filings BSE
Corporate announcements 10
- 16 Oct 2026Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
- 16 Oct 2026Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
- 9 Oct 2026Corporate Action-Board approves Dividend
Quarterly results 4
- 9 Oct 2026Press Release / Media Release
- 9 Oct 2026Integrated Filing For The Second Quarter And Half Year Ended 30Th September, 2026Financial Results
- 9 Oct 2026Board Meeting Outcome for Outcome Of Board Meeting Held On Friday, 09Th October, 2026
Conference calls 5
- 16 Oct 2026Earnings Call TranscriptOpens the call notes & transcript
- 15 Oct 2026Analyst / Investor Meet - Intimation
- 12 Oct 2026Earnings Call TranscriptOpens the call notes & transcript
Investor presentations 1
- 9 Oct 2026Investor Presentation
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