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Angel One Ltd (ANGELONE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543235 NSE: ANGELONE Finance - Stock Broking | Small Cap | Angel One Share Price

₹337.30 2.55 (0.76%)

As on 04-Jun'26 16:59

Angel One Ltd (ANGELONE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543235 NSE: ANGELONE Finance - Stock Broking | Small Cap | Angel One Share Price

₹337.30 2.55 (0.76%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹30,807 Cr.
Current Price
₹337.3
52-Week Low / High
₹209 / 351
TTM EPS
₹11.2
TTM Sales
₹5,054 Cr.
Book Value per Share
₹65.6
P/E Ratio
30.12
Higher than its 5-year historical median
Industry PE
48.3
Price to Book (P/B)
5.14
Lower than its 5-year historical median
Price to Sales (P/S)
6.10
Higher than its 5-year historical median
EV/EBITDA
12.21
Higher than its 5-year historical median
Dividend Yield
1.78%
Profitability Efficiency
Return on Equity (ROE)
17.87%
Outperforms industry median
Return on Capital Employed (ROCE)
15.70%
Outperforms industry median
Return on Assets (ROA)
4.73%
Operating Profit Margin
37.8%
Net Profit Margin
20.24%
Gross Profit Margin
29.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.29%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.26%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-15.89%
Asset Quality
Promoter Holding
28.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5,903 Cr.
Equity
₹91.3 Cr.
Face Value
₹1
All Time Low / High
₹22.30 / 390.04

Angel One stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Strong
Q.1 Is Angel One Ltd a good quality company?
Angel One Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Angel One Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Angel One Ltd vs industry peers?
Angel One Ltd revenue CAGR is 48.74%, compared to the industry median CAGR of 16.32%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Angel One Ltd?
Promoters hold 28.80% of the Angel One Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Angel One Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 35.32% based on the current price.

DeciZen - make an informed investing decision on Angel One

Decision Maker
Standalone basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Angel One Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 9.7%18.8%12.9%13.8%26.5%35.3%44.6%38.7%26.4%15.7%-
Value Creation
Index
-0.10.7-0.10.00.91.62.32.41.00.4-

Growth Parameters

Sales 3487347377111,2502,2702,9844,2475,1725,0545,054
Sales YoY Gr.-110.7%0.4%-3.6%76%81.6%31.4%42.3%21.8%-2.3%-
Adj EPS 0.31.41.11.23.67.410.613.513.511.211.2
YoY Gr.-386.2%-24.1%12.2%195.8%109%42.5%27.6%-0.2%-16.6%-
BVPS (₹) 4.46.377.913.418.524.734.760.465.865.6
Adj Net
Profit
20.710276.786.62906158821,1331,2161,0231,023
Cash Flow from Ops. -269-318654622-1,166552717-239-1,812-4,054-
Debt/CF from Ops. -2.6-3.41.30.8-12.31.1-11.1-1.9-1.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 34.6%32.2%19.2%-2.3%
Adj EPS 50.1%25.9%2%-16.6%
BVPS35.2%37.4%38.7%8.9%
Share Price - 33% 34.6% 3.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
6.726.716.116.234.946.849.145.629.117.917
Op. Profit
Mgn %
-1031.724.221.934.640.243403937.837.8
Net Profit
Mgn %
5.913.910.412.223.227.129.626.723.520.220.2
Debt to
Equity
2.22.41.70.91.10.80.40.90.61.30
Working Cap
Days
713550616486543445291380576674701
Cash Conv.
Cycle
277-211-411-587-920-1,123-1,147-1,199-1,200-1,289192

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Income + 4717527637431,2902,2743,0024,2555,1835,072
Interest Income3487347377111,2502,2702,9844,2475,1725,054
Other Income 8162243541443956065
Exceptional Items 1231826323931881118
Expenditure + 4436036446268921,4511,8212,7363,5493,699
Interest Expense 50896750437491137293437
Operating Expenses 3854995555337951,3631,6872,5043,1963,197
Provisions 8162243541443956065
Exceptional Items 0000000000
Profit Before Tax 281491191173988231,1811,5191,6341,373
Taxes 7474230108208299385418350
Profit After Tax 2110277872906158821,1331,2161,023
Adjusted EPS (₹)0.31.41.11.23.67.410.613.513.511.2
Dividend Payout Ratio (%)47.20%96.10%25.40%22.40%36.20%36.50%37.70%25.70%35.60%36.10%

Valuation of Angel One - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Equity Capital +3124505045691,1021,5462,1152,9995,5986,202
Share Capital 14727272828383849091
Reserves 2983784324971,0201,4632,0312,9155,5086,111
Short term borrowings6971,0648644861,1701,2577832,6493,3767,875
Long Term Borrowings3123162150-6-457581,408912
Current Liabilities 1,2251,8181,6601,5883,9326,1025,89810,28911,15417,948
Trade Payables4436156379392,2764,0674,0717,1967,3179,170
Other Liabilities-1,140-1,679-1,502-1,425-3,447-5,324-4,854-9,845-10,693-17,045
Total Liabilities 1,5412,3912,3262,3085,0287,6438,01714,04618,16025,062

Assets

Non Current Asset +2103424436271,6014024694,5436,3863,159
Loan Asset 0000000000
Other Non Current Asset 2103424436271,6014024694,5436,3863,159
Current Asset +1,3302,0501,8831,6813,4277,2427,5489,50311,77421,903
Current Investment0000000000
Other Current Asset1,3302,0501,8831,6813,4277,2427,5489,50311,77421,903
Total Assets 1,5412,3912,3262,3085,0287,6438,01714,04618,16025,062

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity -269-318654622-1,166552717-239-1,812-4,054
Cash Flow From Investing Activity 938-9-42-39-98-553-151-95
Cash Flow From Financing Activity 334253-308-445896-163-9081,4481,7663,660
Net Cash Flow 74-28337174-268350-289656-197-489

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Operational & Financial Ratios

EPS (₹)14.4014.2010.701235.5074.20105.70134.90134.7011.20
DPS (₹)6.8013.602.702.7012.9027.1039.9034.70484.10
BVPS (₹)217.662.569.878.5134.2184.9246.6347.360465.8

Performance Ratios

ROA (%)1.75.23.33.77.99.711.310.37.64.7
ROE (%)6.726.716.116.234.946.849.145.629.117.9
ROCE (%)9.718.812.913.826.535.344.638.726.415.7

Valuation Parameters

Price/Book(x)0.00.00.00.02.28.34.78.83.83.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Angel One Ltd FAQs

The current trading price of Angel One on 04-Jun-2026 16:59 is ₹337.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Angel One stood at ₹30,807.3 Cr

The latest P/E ratio of Angel One as of 03-Jun-2026 is 30.12.

The latest P/B ratio of Angel One as of 03-Jun-2026 is 5.14.

The 52-week high of Angel One is ₹351.0 and the 52-week low is ₹208.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Angel One is ₹5,054 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Angel One Ltd is a average quality company.

The key valuation ratios of Angel One Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Angel One Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Angel One Ltd

Angel One (formerly known as Angel Broking) is one of India’s leading fintech platforms, delivering integrated financial services across retail broking, distribution, wealth management and asset management through a unified ecosystem. Its unified digital architecture enables clients to invest, trade, borrow, protect and build wealth across asset classes through seamless web and mobile interfaces. Designed as an operating system for digital natives, the platform connects multiple financial journeys within a single, interoperable ecosystem. 

Its operating model is anchored in in-house technology, embedded data intelligence and a scalable, asset-light distribution framework. This enables high-performance execution, calibrated risk management, AI-assisted servicing and governance-led scaling. By integrating platform depth with automation and advanced analytics, the company enhances decision quality, personalise engagement and deliver outcomes aligned to client needs across the financial lifecycle, from first transaction to long-term wealth creation.

Business area of the company

The company is primarily engaged in the business of stock, currency and commodity broking, providing margin trading facility, depository services and distribution of mutual funds to its clients. It earns brokerage, fees, commission and interest income thereon.

Business verticals

  • Broking: Next-gen execution engine with embedded AI across key journey’s offering high performance and unique experience to clients.
  • Mutual Funds: Guided discovery and instant SIP activation, enabling disciplined and systematic wealth creation.
  • Credit: Data-led discovery and quick, partner-enabled lending.
  • Wealth Management: Expert advisory combined with technology - driven portfolio analytics.
  • Asset Management: Rule-based and passive solutions that simplify allocation and reduce bias.
  • Fixed Deposits: Digital access to fixed-income avenues with transparent yields.
  • Insurance: Need-based coverage delivered through contextual recommendations.

Awards, Accreditations and Accolades:

  • 2005: Awarded the ‘Major Volume Driver’ award by BSE for 2004-2005.
  • 2006: Awarded the ‘Major Volume Driver’ award by BSE for 2005-2006.
  • 2007: Awarded the ‘Major Volume Driver’ award by BSE for 2006-2007.
  • 2008: Awarded the ‘Major Volume Driver’ award by BSE for 2007-2008.
  • 2009: Awarded the ‘Major Volume Driver’ award by BSE for 2008-2009.
  • 2009: Awarded the ‘Broking House with Largest Distribution Network’ award at the Dun and Bradstreet Equity Broking Awards 2009.
  • 2010: Awarded the ‘Top Volume Performer in Equity’ for the year 2009-2010 by BSE.
  • 2011: Awarded the ‘Best Contribution in Investor Education and Category Enhancement-Equity Broking’ award at the Financial Leadership Awards 2011 organized by Bloomberg and UTV.
  • 2011: Awarded the ‘Best Retail Broking House’ award and the ‘Fastest Growing Equity Broking House (Large Firms)’at the BSE IPF-D&B Equity Broking Awards 2011.
  • 2011: Recognized as one of the ‘Top Ten Performers in Equity Segment’ for the year 2010-2011 by BSE.
  • 2013: Awarded the ‘Top Ten Performer in Equity Segment (Retail Trading)’ award by BSE.
  • 2013: Awarded the ‘Largest Distribution Network’ award and the ‘Best Retail Equity Broking House’ award at the BSE IPF – D&B Equity Broking Awards 2013.
  • 2014: Presented a certificate of appreciation for being among the ‘Top Performing Members in New Client Enrollments’ for the year 2013-2014 by NSE.
  • 2014: Recognized as one of the ‘Top Ten Performers in Equity Segment (Retail)’ for the year 2013-2014 by BSE.
  • 2014: Awarded the ‘Largest Distribution Network’ award at the BSE – D&B Equity Broking Awards 2014.
  • 2014: Recognized as one of the ‘Top Three Clients Traded Members in Equity’ by BSE.
  • 2015: Awarded the ‘Best Equity Broking House – Distribution Network’ award at the Dun & Bradstreet – BSE Equity Broking Awards 2015.
  • 2016: Presented a certificate of appreciation for being among the top was performing members in currency futures for the year 2015-2016 by NSE.
  • 2016: Conferred the status of ‘Master Brand’ for a period of two years (November 24, 2016 to November 23, 2018), presented by CMO Asia.
  • 2016: Awarded as the ‘Best Technology House of the Year’ award at the Assocham Excellence Awards.
  • 2016: The Angel Broking App was awarded the ‘Best Mobile Trading App’ award at the Global Marketing Excellence Awards.
  • 2017: Awarded the ‘Fintech Trading Platform of the Year’ award at MONEYTECH Awards 2017 presented by BusinessEx.com.
  • 2017: Awarded the ‘Best Performing Retail Member – Pan India’ award at the Market Achievers Awards 2017 organised by NSE.
  • 2017: Awarded the ‘Most Trusted Financial Brand’ for reliability and customer satisfaction for the year 2016-2017 by WCRC Leaders Asia.
  • 2017: Awarded at the BFSI Digital Innovation Awards in the analytics category organized by Express Computers.
  • 2018: Awarded the ‘Fulcrums of Commodity Derivatives Market’ award by MCX.
  • 2018: Certified as a ‘Great Workplace’ after the successful assessment conducted by Great Place to Work Institute, India for a period between March, 2018 and February, 2019.
  • 2019: Awarded the ‘Trendsetter’ award at the Net App Data Driven Innovation Awards 2019.
  • 2019: Ranked amongst the Top 100 Franchise Opportunities in India for the year 2019 in its Annual Survey by Franchise India.
  • 2019: Awarded the ‘Best Performing Retail Member’ award by NSE at the NSE Market Achievers Award 2019.
  • 2020: Awarded Silver Honour in the ‘Digital Marketing Excellence in Social Media (BFSI)’ award at the DIGIXX 2020 Summit Awards for ShagunKeShares campaign, organized by Adgully.
  • 2020: Awarded Silver Honour in the ‘Digital Marketing Excellence in Video (Financial Services)’ award at the DIGIXX 2020 Summit Awards for ShagunKeShares campaign, organized by Adgully.
  • 2021: Angel One has been awarded the Best Fintech of the Year Nasscom, Finserv'21.
  • 2021: Best Financial Services API at Inflection Awards 2021.
  • 2022: Won the Gold Trophy for BFSI Services & Fintech – 2022 Summit Awards by Adgully.
  • 2022: Bronze for Best PR in BFSI category by ET Brand Equity Kaleido Awards 2022.
  • 2022: Angel One recognised with the Rising Star for outstanding growth in the year among the next 500 companies 2022 by Fortune India.
  • 2023: Best Customer Centric Culture (Fintech) hosted by Expleo organised by Quantic at 2nd Annual Excellence Awards 2023.
  • 2023: ACEF Asian Leaders Award 2023 - Best Video Content for BFSI, Best Brand Packaging for BFSI and Grand Prix Award for Best Content Strategy.
  • 2023: Leading Member of the Exchange by MCX Awards 2023.
  • 2023: Gold Winner at ImageXX Award 2023 by Adgully for BFSI Service.
  • 2023: Gold award for Occasion-led Campaign 'Shagun Ke Shares' at ET Trendies Awards 2023 by ET Brand Equity.
  • 2024: Data-driven innovation in customer engagement and sales optimisation by ET Now at Datacon Summit and Awards 2024.
  • 2024: The Great Indian BFSI Brand of the Year 2024.
  • 2024: Best use of Voice of Customer by yellow.ai at The Customer Fest Leadership Awards 2024.
  • 2024: The Great Indian BFSI YouTube Campaign of the Year 2024.
  • 2024: The Great Indian BFSI Online Search Engine Optimization (SEO) Campaign of the Year 2024.
  • 2024: The Great Indian BFSI Influencer Campaign of the Year 2024.
  • 2024: The Great Indian BFSI Marketing Campaign of the Year 2024.
  • 2024: The Great Indian BFSI Content Marketing Campaign of the Year 2024.
  • 2025: Best FinTech Provider at the Financial Express – FUTECH Awards 2025.
  • 2025: Innovation and Emerging Technologies – Golden Star Awards 2025.
  • 2025: Best Use of Mobile Technology in Financial Services – National Awards for Excellence Awards 2025.
  • 2025: Overall Excellence in Financial Services Sector of the Year at The Great Indian BFSI Awards 2025.
  • 2025: Financial Inclusion Initiative of the Year – National Awards for Excellence 2025.
  • 2025: Mobile App of the Year at The Great Indian BFSI Awards 2025.

Major Events and Milestones:

  • 1996: The company was incorporated as a private limited company.
  • 2001: The company developed a web-enabled back office.
  • 2004: Angel Capital and Debt Market Limited (now amalgamated with our Company) launched internet trading platform.
  • 2004: Angel Commodities Broking Private Limited (now amalgamated with the company) instituted commodity broking.
  • 2006: The company crossed the 100,000 mark in unique trading accounts.
  • 2006: Launched portfolio management services.
  • 2006: The company expanded its network by creating a network of 2,500 authorised persons.
  • 2007: Angel Capital and Debt Market Limited (now amalgamated with the company) registered as a member of NSE.
  • 2007: The Company inducted IFC as an investor.
  • 2007: The company crossed the benchmark of 200,000 unique trading accounts.
  • 2008: The Company crossed the 500,000 mark in unique trading accounts.
  • 2009: Angel Broking was registered with AMFI as a mutual fund advisor.
  • 2011 The company launched a mobile application.
  • 2015: The company launched e-KYC services.
  • 2016: The company undertook digital transformation activity.
  • 2016: The company launched a hyper intelligent investment engine, ARQ.
  • 2016: The company deployed chat bots on Facebook and Twitter.
  • 2016: The company launched a new client activation ‘Trade in One Hour’ service.
  • 2016: The company launched d-KYC services.
  • 2017: The company’s ADTO crossed the Rs 100,000.00 million mark.
  • 2017: The company introduced UPI in investing.
  • 2017: The company entered into a Memorandum of Understanding with the Andhra Pradesh Electronics and IT Agency for creating a ‘use case repository’ and participating in events like hackathons.
  • 2018: The company launched Angel BEE.
  • 2019: The company launched the Angel iTrade Prime Plan.
  • 2020: The Company crossed 2 million unique demat accounts.
  • 2020: The company achieved highest turnover of Rs 1,700.00 billion mark.
  • 2021: The company launches investor education platform 'Smart Money'.
  • 2021: Angel Broking partners with Vested Finance empowering Indians to invest in US-based stocks.
  • 2021: Angel Broking leads with industry-first AI Chatbot integration into AMP.
  • 2021: Angel Broking offers smallcase services on its platform.
  • 2021: Angel Broking equipped with Streak to Offer Strategic Trading.
  • 2021: Angel Broking Simplifies Options Trading with Sensibull, Offers Effective Options Trading Strategies.
  • 2021: Angel Broking launches Smart Store, a collection of avant-garde trading solutions.
  • 2021: Angel Broking rebrands to Angel One, to cater to all financial needs of its millennials.
  • 2021: Angel One simplifies Options Trading for GenZ and Millennials with Insta Trade.
  • 2021: Angel One Limited launches subscription-based smallcase services curated by Managers on its platform.
  • 2021: AngelOne partners with Vakrangee Digital Ventures to expand presence across Tier 2, 3 and beyond markets.
  • 2022: Angel One achieves a significant milestone of 10mn clients, on its platform; Strong momentum in business continues.
  • 2022: Dinesh Radhakrishnan takes charge as Chief Product & Technology Officer of Angel One Limited.
  • 2023: Prateek Mehta takes charge as Chief Business Officer at Angel One.
  • 2023: Angel One's Super App Strategy Sparks Growth with 122.07 Thousand Unique Mutual Fund SIP Registrations in May '23.
  • 2024: Angel One Joins Hands With IPL As Associate Partner In Financial Services Category.
  • 2024: Angel One launches brand film around IPL association.
  • 2024: Manmohan Singh joins Angel One as Group Chief Risk Officer to strengthen the Group’s Risk Management.
  • 2025: Angel One Hits Major Milestone: Surpasses 30 Million Clients.
  • 2025: Angel One and LivWell Announce a Digital-First Life Insurance Joint Venture.
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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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