Anand Rathi Wealth Q2 FY27 Share Price & Earnings Call Analysis

₹2,252.00-0.79% today
Market cap
₹37,392 Cr
P/E
82.43
ROE
45.30%
PEG
2.53
Price to sales
31.08
Debt to equity
0.05
52W high / low
₹3,690 / ₹1,731
Sales growth (5Y)
35.95%
EBITDA margin
36.32%
Net profit margin
32.41%
Promoter holding
40.95%
Sales (last year)
₹1,203 Cr

Guidance scorecard · Q2 FY27 call

What Anand Rathi Wea.'s management guided
and where it ranks in Capital Markets

RevenueQ2 FY27 call

20–40%
  • Focus on client performance: If clients achieve 12% returns, revenue is expected to increase by 12% next year.
  • Capacity utilization: Currently 431 relationship managers, can handle 8,000 more clients; growth through referrals from existing clients.
  • Capacity creation: 500 relationship/account managers being trained, including 100 identified for promotion in 1-1.5 years, balancing growth with manageable scaling.
  • Wallet penetration: Targeting deeper penetration into existing clients' assets, leveraging INR1 lakh crore+ assets under management.
  • Net inflow target: Aim to generate INR6,000-8,000 crores net flows annually; expecting 62% from existing clients, 38% from new clients.

2 more points from Anand Rathi Wea.'s call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Anand Rathi Wea. said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Anand Rathi Wealth Limited is focusing on capacity creation by onboarding new relationship managers (RMs), with 500 new hires from diverse backgrounds (IIM, CA, IIT, etc.).
  • An additional 100 RMs have been identified and are being trained for promotion within 1 to 1.5 years.
  • The company has applied for a mutual fund license, expected to be filed by end of October 2026, aiming to launch an AMC subsidiary.
  • The mutual fund platform will enable delivering Indian resident investment propositions more tax-efficiently to NRIs and global clients, leveraging existing research and client services.

2 more points from Anand Rathi Wea.'s call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Anand Rathi Wea. said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Ask what Anand Rathi Wea. said on the order book →

Full Q2 FY27 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Capital Markets
on management's own guidance

  1. Nippon Life Ind.Good growth
    2
  2. BSEGood growth
    1
  3. Motil.Oswal.Fin.Good growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Capital Markets companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1BSE20–40%Flat₹1.37L Cr48.4
2Nippon Life Ind.20–40%Flat₹68,184 Cr41.6
3Motil.Oswal.Fin.20–40%Flat₹63,771 Cr32.2
420–40%Flat₹31,481 Cr29.1
520–40%Flat₹15,334 Cr43.8
620–40%Flat₹12,638 Cr51.6

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Financials of Anand Rathi Wea.

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Anand Rathi Wea.

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +137168175175177229234228213265286279277
Expenses +789610097106133132124125139152150194
Operating Profit5971757871961021048912513413083
OPM %43%43%43%44%40%42%44%46%42%47%47%46%30%
Other Income +33641276618991667
Interest1122213444543
Depreciation3334445566778
Profit before tax59707676779710110298124130134138
Tax %26%25%26%26%28%26%25%26%26%26%26%26%26%
Net Profit +4352575756727576729297100102
EPS in Rs5.186.286.786.826.638.719.049.128.7211.1111.7012.0212.31

Financials of Anand Rathi Wea.

Profit & Loss

Annual income statement trend

Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +12142753272604085387209431,208
Expenses +1136180213185230296400514636
Operating Profit0789511475178242320429572
OPM %26%36%35%35%29%44%45%44%45%47%
Other Income +0661210010
Interest093332461116
Depreciation04416121112142029
Profit before tax071949662166226300398527
Tax %21%29%30%26%29%24%26%26%26%26%
Net Profit +050657144125168221295391
EPS in Rs4.0018.7112.1113.188.0315.0820.1726.4635.5847.15
Dividend Payout %0%0%0%0%31%36%30%26%39%28%

Financials of Anand Rathi Wea.

Balance Sheet

Capital structure and asset base

Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.19131314142121214242
Reserves676141212266360484661661984
Borrowings +01142333936517983
Other Liabilities +079581624982102160187224
Total Liabilities71692134293625016448949691,332
Fixed Assets +099322093110131172180
CWIP000656900100
Investments462129193194193195202320316
Other Assets +3987513979215338559477836
Total Assets71692134293625016448949691,332

Financials of Anand Rathi Wea.

Cash Flows

Operating, investing and financing cash movement

Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +09757143-24147109267352254
Cash from Investing Activity +0-91-43-15652-79-44-233-6789
Cash from Financing Activity +0-7-328-17-49-64-72-282-142
Net Cash Flow0-2111512190-373200
Free Cash Flow0933492-2912997262316240
CFO/OP0%150%97%143%0%122%65%98%106%67%

Financials of Anand Rathi Wea.

Ratios

Working capital efficiency and return ratios

Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days24818129141311141313
Inventory Days
Days Payable
Cash Conversion Cycle24818129141311141313
Working Capital Days81622-36-48-2426100192106122
ROCE %79%47%22%46%48%48%54%57%

Guidance history

How Anand Rathi Wea.'s guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%FlatPlanned——
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →20–40%FlatNone planned——
Q3 FY26 call →20–40%Flat———

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

77out of 100

Momentum score · price trend

77 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+39.2%82%
Last 6 months+17.1%74%
Last 3 months+4.2%74%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Anand Rathi Wea.: 0.4 × 82 + 0.4 × 74 + 0.2 × 74 = 77.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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