Any current/future new fundraising through debt or equity?

There is no explicit mention of any current or planned fundraising through new debt or equity in the provided pages of the report. Discussions focus more on growth in AUM, mobilization through structured products, and increasing client wallet share rather than raising capital. The company is focused on achieving a 4% market share in the mutual fund segment through organic growth. There is emphasis on reinvesting operating leverage for long-term growth rather than increasing leverage or equity capital. No announcements or indications regarding fresh debt issuance or equity fundraising are noted

Any current/future capex/capital investment/strategic investment?

Anand Rathi Wealth Limited is exploring strategic investments related to Gift City operations. They currently possess a normal AIF (Alternative Investment Fund) license, not yet utilized, serving as a backup and product-testing platform. The company is considering the potential tax benefits at a subsidiary level relating to Gift City but has not deeply pursued it yet. The approach is pragmatic: if others can execute well in Gift City, Anand Rathi may choose not to be possessive about having its own AIF license there. No explicit mention of large-scale current or future capex is detaile

Future growth expectations in sales/revenue/volumes?

The company aims for a 30%-40% growth in net mobilization rate, targeting INR 4,500-5,000 crores in net mobilization next year, up from INR 3,500 crores this quarter. They are preparing for a 50% increase in net mobilization annually for the next three years, though achieving this depends on various factors. Structured products are expected to see good flows driven by upcoming maturities starting next year, with primary issuance showing growth from INR 3,994 crores (last year) to INR 4,630 crores (9M FY25). The company targets increasing its mutual fund market share to 4%, from currently aroun

Future growth expectations in earnings/operating earnings/profits/EPS?

Anand Rathi Wealth has demonstrated a consistent quarterly year-on-year profit growth average of 33.8% over the last 11 quarters, with a low standard deviation of 4.3%, indicating stable and predictable growth. For Q3 FY25, profit after tax grew 33% YoY to INR 77 crores; 9M FY25 PAT grew 34% YoY to INR 227 crores. The company expects continued AUM growth, with structured product AUM comprising around 25%-35% depending on market conditions. Growth in structured product mobilization is positive with primary issuances rising and expected flows to be good due to upcoming maturities. The ma

Current/ Expected Orderbook/ Pending Orders?

Current outstanding orderbook (pending orders) for structured products is approximately INR 2,700 crores. Of this, about INR 850-900 crores are expected inflows (collection) at the current rate. The company aspires to increase market share to 4% in total AUM, aiming for steady inflows above industry rates to achieve this. Flows in structured products have been strong recently, with INR 1,347 crores mobilized in primary issuances in Q3 FY25 and secondary issuances at INR 589 crores in the same quarter. For 9 months FY25, primary issuances totaled INR 4,630 crores versus INR 3,994 crores

IN US

Sale is live|00:00:00left today

Anand Rathi Wealth LtdQ4 FY26Capital Markets

Anand Rathi Wealth Ltd Q4 FY26 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹1,868P/E: 76.0Market Cap: ₹29.7K CrSector: Capital Markets

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

N/A

0 of 2 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

→The company aims for a 30%-40% growth in net mobilization rate, targeting INR 4,500-5,000 crores in net mobilization next year, up from INR 3,500 crores this quarter.
→They are preparing for a 50% increase in net mobilization annually for the next three years, though achieving this depends on various factors.
→Structured products are expected to see good flows driven by upcoming maturities starting next year, with primary issuance showing growth from INR 3,994 crores (last year) to INR 4,630 crores (9M FY25).
→The company targets increasing its mutual fund market share to 4%, from currently around 1.37%, by focusing on outperforming model portfolios and higher net inflows.
→Consistent growth is emphasized, with a historical mean quarterly YoY profit growth of around 33.8% and low client attrition supporting steady volume and revenue growth.

Margin guidance

Category 3

→Anand Rathi Wealth has demonstrated a consistent quarterly year-on-year profit growth average of 33.8% over the last 11 quarters, with a low standard deviation of 4.3%, indicating stable and predictable growth.
→For Q3 FY25, profit after tax grew 33% YoY to INR 77 crores; 9M FY25 PAT grew 34% YoY to INR 227 crores.
→The company expects continued AUM growth, with structured product AUM comprising around 25%-35% depending on market conditions.
→Growth in structured product mobilization is positive with primary issuances rising and expected flows to be good due to upcoming maturities.
→The management targets at least 30%-40% growth in net mobilization rate, aiming for INR 4,500-5,000 crores mobilization next year’s same quarter.
→Operating leverage may improve but profits will be partly reinvested to sustain growth long-term.
→ROE on an annualized basis stood at a strong 44.8% for 9M FY25.

3 more insights locked — sign up free to unlock

Fundraise plans

→There is no explicit mention of any current or planned fundraising through new debt or equity in the provided pages of the report.
→Discussions focus more on growth in AUM, mobilization through structured products, and increasing client wallet share rather than raising capital.
→The company is focused on achieving a 4% market share in the mutual fund segment through organic growth.
→There is emphasis on reinvesting operating leverage for long-term growth rather than increasing leverage or equity capital.
→No announcements or indications regarding fresh debt issuance or equity fundraising are noted up to January 14, 2025, in this transcript.

Order book

→Current outstanding orderbook (pending orders) for structured products is approximately INR 2,700 crores.
→Of this, about INR 850-900 crores are expected inflows (collection) at the current rate.
→The company aspires to increase market share to 4% in total AUM, aiming for steady inflows above industry rates to achieve this.
→Flows in structured products have been strong recently, with INR 1,347 crores mobilized in primary issuances in Q3 FY25 and secondary issuances at INR 589 crores in the same quarter.
→For 9 months FY25, primary issuances totaled INR 4,630 crores versus INR 3,994 crores last year; secondary issuances were INR 1,546 crores compared to INR 960 crores in the previous year.
→Growth in inflows expected to continue strongly due to upcoming maturities and higher minimum subscription thresholds encouraging larger client investments.

Capex plans

→Anand Rathi Wealth Limited is exploring strategic investments related to Gift City operations.
→They currently possess a normal AIF (Alternative Investment Fund) license, not yet utilized, serving as a backup and product-testing platform.
→The company is considering the potential tax benefits at a subsidiary level relating to Gift City but has not deeply pursued it yet.
→The approach is pragmatic: if others can execute well in Gift City, Anand Rathi may choose not to be possessive about having its own AIF license there.
→No explicit mention of large-scale current or future capex is detailed in the selected pages.
→Emphasis is on strategic thinking and exploration rather than committed capital expenditure at this stage.

How does Anand Rathi Wealth Ltd rank vs peers in Capital Markets?

Pro feature

1Anand Rathi Wealth Ltd

Rev 2Mar 3

See full Capital Markets sector rankings

Want more stocks like Anand Rathi Wealth Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio