Skip to content
Angel One logo

Angel One

ANGELONE NSE
₹312.10 +1.70 (+0.55%)
P/E
24.63
View as Markdown
MCP
Close 4 Nov 2026 ₹312.10 +63.45 +25.5% 1Y
Start ₹248.65

Key Fundamentals

SmallcapCapital MarketsFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
14.80%
Debt to Equity
1.14
EPS (TTM)
₹12.67
Book Value
₹72.86
Market Cap
—
P/E (TTM)
24.63
P/B
4.28
ROE
15.60%
Dividend Yield
0.77%
EBITDA
₹1,834 Cr
52W High
₹360.45
52W Low
₹208.63
Day Range
₹307.10 – ₹312.60
Volume
32,79,654

Peer Comparison

Financial Services › Capital Markets › Stock Broking › Stockbroking & Allied

Angel One peer comparison
Groww
₹207.2348.08₹1,31,118 Cr11.230.00%28.80%37.30%₹5,724 Cr₹2,693 Cr
Motilal Oswal Financial Services
₹1,013.0030.77₹61,868 Cr3.930.59%15.50%12.70%₹10,063 Cr₹1,984 Cr
360 One WAM
₹1,068.7034.83₹44,218 Cr3.671.27%14.40%12.10%₹4,664 Cr₹1,247 Cr
Nuvama Wealth Management
₹1,846.4030.99₹34,294 Cr8.310.75%27.40%17.50%₹4,884 Cr₹1,083 Cr
Angel One (this company)
₹312.1024.63₹28,381 Cr4.280.77%15.60%14.80%₹5,651 Cr₹1,155 Cr
IIFL Capital Services
₹349.0519.09₹10,997 Cr3.180.86%16.20%21.10%₹2,434 Cr₹572 Cr
Share India Securities
₹182.9211.01₹4,051 Cr1.380.49%13.00%18.40%₹1,577 Cr₹364 Cr
Median 7 companies₹349.0530.77₹34,294 Cr3.930.75%15.60%17.50%₹4,884 Cr₹1,155 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

48 Average

Data confidence 100/100

Category scores

Quality
69
Strong
Returns, margins, earnings quality 22% weight
Valuation
49
Average
Cheap vs sector & own history 24% weight
Growth
71
Strong
Sales & profit trajectory 9% weight
Financial Health
50
Average
Solvency, leverage, coverage 9% weight
Momentum
47
Average
Trend strength, vol-adjusted 12% weight
Ownership
21
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.1%
  • Company has been maintaining a healthy dividend payout of 103%
  • Company's median sales growth is 26.8% of last 10 years

Weaknesses

1
  • Promoter holding has decreased over last 3 years: -9.71%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1612
OscillatorsBullish162
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
59.58
Neutral
MACD (12,26,9)
1.47
Bullish
SMA (50)
293.81
Bullish
SMA (200)
292.27
Bullish

As of

Analyst Rating

Based on 11 analysts
BUY82%

9 of 11 analysts rate Buy, 2 Hold, 0 Sell.

As of

BUY
9
82%
HOLD
2
18%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+27.54%
5Y+31.86%
3Y+19.62%
1Y−1.93%
TTM+21.24%

Net profit

Net profit growth by window
10Y+39.84%
5Y+25.24%
3Y+0.93%
1Y−21.93%
TTM+47.70%

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹4,065 Cr
5YOutflow widened by ₹2,943 Cr
3YTurned negative
1YOutflow widened by ₹2,282 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+15.46 pp
5Y−0.27 pp
3Y−7.68 pp
1Y−2.43 pp
TTM+7.00 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹440 Cr
Mar 2018₹770 Cr
Mar 2019₹778 Cr
Mar 2020₹748 Cr
Mar 2021₹1,289 Cr
Mar 2022₹2,292 Cr
Mar 2023₹3,002 Cr
Mar 2024₹4,272 Cr
Mar 2025₹5,239 Cr
Mar 2026₹5,138 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹31.00 Cr
Mar 2018₹108 Cr
Mar 2019₹80.00 Cr
Mar 2020₹82.00 Cr
Mar 2021₹297 Cr
Mar 2022₹625 Cr
Mar 2023₹890 Cr
Mar 2024₹1,126 Cr
Mar 2025₹1,172 Cr
Mar 2026₹915 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹1,996 Cr +8.8% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Angel One Ltd trades at ₹310.4 with a market cap of ₹27,686 Cr as of 2026-11-03, reflecting a PE of 24.5x and ROE of 14.88%. The company has delivered strong long-term compounded sales growth of 28% over 10 years but faces a notable slowdown in 3-year profit CAGR to just 1%, alongside declining promoter holding.

Bull Case 8
  • Strong long-term profit compounding at 40% CAGR over 10 years demonstrates a proven earnings growth track record
  • Compounded sales growth of 28% over 10 years and 32% over 5 years reflects sustained revenue expansion in the capital markets space
  • 3-year average ROE of 25% indicates efficient capital deployment and consistent shareholder value creation
  • TTM profit growth has rebounded sharply to 48%, suggesting a recovery from the recent earnings slowdown
  • Healthy dividend payout ratio of 103% signals management confidence in cash flow generation, with a current yield of 0.83%
  • ROCE of 27.12% as of 2026-11-03 is well above the cost of capital, indicating the business earns meaningful returns on total capital employed
  • Stock is trading 48.8% above its 52-week low of ₹208.63, indicating strong recovery momentum from recent lows
  • TTM sales growth of 21% shows the company continues to grow revenue at a healthy double-digit pace
Bear Case 7
  • 3-year compounded profit CAGR has collapsed to just 1%, a sharp deceleration from the 25% five-year and 40% ten-year figures, raising questions about near-term earnings sustainability
  • Promoter holding has declined by 9.71% over the last 3 years, which may signal reduced insider confidence or dilution concerns
  • Debt-to-equity ratio of 1.3 is elevated for a capital markets firm and introduces financial leverage risk in a cyclical business
  • Last year ROE dropped to 16% from the 5-year average of 29%, indicating a meaningful deterioration in profitability efficiency
  • Stock is still 13.9% below its 52-week high of ₹360.45, suggesting the market has not fully regained confidence at current levels
  • A dividend payout exceeding 100% of profits means the company is distributing more than it earns, which is unsustainable long-term and limits reinvestment capacity
  • Capital markets revenues are inherently cyclical and tied to trading volumes and market sentiment, making the 21% TTM sales growth potentially unstable in a downturn

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

12h ago

TL;DR: Angel One is delivering strong profit growth (Q2FY27 net profit up 58% YoY) and expanding its client base past 40 million with record F&O market share at 23.2%. The funding book's 41% YoY growth shows deepening engagement per client. Key risks are the deceleration in gross client additions (down 17–20%) and the margin pressure from competitive US stock expansion. If client acquisition stabilizes and F&O share holds, the earnings trajectory remains favorable, but the new-client slowdown bears watching.

Headwinds 3
  • Gross client additions declining Oct 13

    Gross client additions fell 19.6% MoM and 17.1% YoY to 0.45 million in September 2026, signaling a slowdown in new customer acquisition.

  • MF SIP registrations drop sharply Oct 13

    Unique mutual fund SIP registrations fell 25.3% MoM to 5.87 lakh from 7.20 lakh, indicating weakening cross-sell momentum.

  • Thin margins in US stock push Oct 19

    Angel One's zero-brokerage US stock promo runs until December 2026, with forex markups of 0.5–3.5% being the real but undisclosed revenue driver in a fiercely competitive, low-margin cross-border business.

Positives 5
  • Q2FY27 net profit up 58% YoY Oct 15

    Angel One reported Q2FY27 consolidated net profit of ₹3,349.72 million, up 58% YoY, and declared a second interim dividend of ₹1.40 per share.

  • Client base crosses 40 million Nov 4

    Client base grew 17.4% YoY to 40.60 million in October 2026, with F&O market share hitting an all-time high of 23.2%.

  • Strong client funding book growth Oct 13

    Average client funding book rose 6.1% MoM to ₹78.7 billion and surged 41% YoY from ₹55.5 billion, reflecting deeper wallet share per client.

Neutral 2
  • Record date set for dividend Oct 6

    Angel One fixed October 22, 2026 as the record date for its second interim FY27 dividend, with the board meeting on October 15 to approve financials.

  • IFSCA approvals level playing field Oct 19

    Angel One received IFSCA approval on June 12, 2026, alongside peers, making US stock access a baseline feature rather than a competitive differentiator.

Quarterly Results

₹ Cr
ANGELONE quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1,048
1,059
1,357
1,405
1,515
1,262
1,056
1,141
1,202
1,335
1,459
1,430
1,427
Expenses
605
661
827
935
843
766
713
866
786
806
861
945
791
Operating Profit
443
398
530
470
672
496
343
275
415
529
599
485
636
OPM %
42%
38%
39%
33%
44%
39%
32%
24%
35%
40%
41%
34%
45%
Other Income
1
2
1
5
1
2
2
3
2
3
8
4
5
Interest
26
36
56
56
75
84
80
83
93
127
134
129
147
Depreciation
11
13
17
23
26
27
29
30
31
32
33
35
35
PBT
407
351
459
397
572
387
236
164
294
373
440
325
458
Tax %
25%
26%
26%
26%
26%
27%
26%
30%
28%
28%
27%
29%
27%
Net Profit
304
260
340
293
423
281
175
114
212
269
320
231
335
EPS (₹)
3.63
3.1
4.05
3.25
4.7
3.12
1.93
1.26
2.33
2.96
3.52
2.53
3.66

Profit & Loss

₹ Cr
ANGELONE profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
450
451
440
770
778
748
1,289
2,292
3,002
4,272
5,239
5,138
5,651
Expenses
339
362
437
516
575
570
828
1,366
1,708
2,579
3,256
3,318
3,402
Operating Profit
112
90
3
254
203
178
460
926
1,294
1,693
1,983
1,820
2,249
OPM %
25%
20%
0.7%
33%
26%
24%
36%
40%
43%
40%
38%
35%
40%
Other Income
11
11
112
14
11
7
10
5
18
7
8
15
19
Interest
38
36
54
95
70
50
42
76
91
137
296
438
537
Depreciation
10
13
14
15
20
21
18
19
30
50
103
125
134
PBT
74
52
48
159
124
114
410
836
1,192
1,514
1,592
1,272
1,596
Tax %
37%
39%
35%
32%
36%
28%
28%
25%
25%
26%
26%
28%
—
Net Profit
47
32
31
108
80
82
297
625
890
1,126
1,172
915
1,155
EPS (₹)
0.65
0.44
0.43
1.5
1.11
1.14
3.63
7.54
10.67
13.4
12.98
10.05
12.67
Div. Payout %
13%
25%
31%
91%
24%
24%
35%
36%
37%
26%
37%
246%
—

Balance Sheet

₹ Cr
ANGELONE balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
14
14
14
72
72
72
82
83
83
84
90
91
91
Reserves
332
355
375
403
459
519
1,049
1,502
2,078
2,955
5,531
6,027
6,576
Borrowings
333
358
772
1,125
872
491
1,171
1,258
788
2,541
3,414
7,951
7,632
Other Liabilities
295
411
641
767
805
1,108
2,511
4,378
4,528
7,674
7,853
9,835
8,377
Total Liabilities
974
1,139
1,803
2,367
2,209
2,190
4,814
7,220
7,478
13,254
16,889
23,904
22,677
Fixed Assets
121
122
123
116
134
124
115
152
187
409
499
505
495
CWIP
1
3
1
0
1
2
0
12
62
1
4
10
1
Investments
0
0
50
6
15
35
6
19
109
0
202
257
561
Other Assets
852
1,014
1,630
2,246
2,059
2,029
4,693
7,037
7,120
12,844
16,184
23,132
21,621
Total Assets
974
1,139
1,803
2,367
2,209
2,190
4,814
7,220
7,478
13,254
16,889
23,904
22,677

Cash Flow

₹ Cr
ANGELONE cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
11
−77
−210
−309
689
643
−1,199
558
804
−330
−1,860
−4,142
Investing
−7
−13
−50
47
−6
−28
25
−52
−185
−91
−341
−111
Financing
2
40
350
239
−361
−449
894
−165
−908
1,331
1,917
3,656
Net Cash Flow
5
−51
91
−23
323
166
−280
340
−289
910
−284
−597
Free Cash Flow
0
−94
−222
−316
678
631
−1,213
488
704
−537
−2,023
−4,222
CFO/EBITDA
28
−109
−6,159
−100
364
378
−239
84
84
3
−73
−209

Ratios

ANGELONE financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
218
361
712
75
101
19
64
90
45
42
21
31
Cash Conversion Cycle
218
361
712
75
101
19
64
90
45
42
21
31
Working Capital Days
122
119
−343
−284
127
−380
−235
−569
−474
−525
−497
−592
ROCE %
—
12%
11%
18%
13%
14%
27%
35%
44%
39%
26%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Angel One insights

60 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 36.49%
  • Promoters 28.55%
  • DIIs 19.58%
  • FIIs 12.52%
  • Others 2.86%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Angel One

What does Angel One Ltd do?
Angel One Ltd is a diversified financial services company and is primarily engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, depository services and distribution of mutual funds, lending as a NBFC and corporate agents of…
Where is Angel One Ltd (ANGELONE) listed?
Angel One Ltd trades as ANGELONE on the NSE and under code 543235 on the BSE.
Which sector does Angel One Ltd belong to?
Angel One Ltd is classified under the Capital Markets sector, in the Stock Broking industry.
What is the PE ratio of Angel One Ltd?
Angel One Ltd trades at a PE ratio of 24.63 as of 4 Nov 2026, on earnings per share of ₹12.67, against a book value of ₹72.86 per share.
What is the 52-week high and low of Angel One Ltd?
Over the last 52 weeks Angel One Ltd has traded between ₹208.63 and ₹360.45 as of 4 Nov 2026.
Does Angel One Ltd pay dividends?
Angel One Ltd has a dividend yield of 0.77%.
What is the Return on Equity (ROE) of Angel One Ltd?
Angel One Ltd reported a return on equity of 15.60%. Its debt-to-equity ratio is 1.14.

Company Information

Angel One Ltd is a diversified financial services company and is primarily engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, depository services and distribution of mutual funds, lending as a NBFC and corporate agents of insurance companies.

Website angelbroking.com
CEO Mr. Dinesh Dariyanumal Thakkar
Employees 3,823
Listed 5 Oct 2020
Face Value ₹1

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/ANGELONE.md for Angel One Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Capital Markets stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month