Anand Rathi Wealth (ANANDRATHI) | Financial Analysis & Statements
Anand Rathi Wealth Ltd. Large-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2026Income Metrics
Revenue
2.9B
Gross Profit
1.2B
41.46%
Operating Income
752.7M
26.15%
Net Income
1.0B
35.94%
EPS (Diluted)
₹12.28
Balance Sheet Metrics
Total Assets
13.3B
Total Liabilities
3.2B
Shareholders Equity
10.1B
Debt to Equity
0.31
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Mar 31, 2026
Annual Income Flow
2026
Anand Rathi Wealth Income Statement From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | 11.5B | 9.4B | 7.2B | 5.5B | 4.2B |
| Cost of Goods Sold | 5.3B | 4.2B | 3.2B | 2.4B | 1.8B |
| Gross Profit | 6.2B | 5.2B | 4.0B | 3.1B | 2.4B |
| Gross Margin % | 53.9% | 55.3% | 55.5% | 55.9% | 57.4% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | - | 559.5M | - | 311.0M | 164.1M |
| Other Operating Expenses | 1.4B | 1.2B | 983.1M | 286.2M | 249.4M |
| Total Operating Expenses | 1.4B | 1.7B | 983.1M | 597.3M | 413.5M |
| Operating Income | 4.5B | 3.7B | 2.8B | 2.2B | 1.6B |
| Operating Margin % | 38.9% | 39.9% | 39.3% | 40.5% | 38.7% |
| Non-Operating Items | |||||
| Interest Income | - | 277.8M | - | 80.1M | 40.9M |
| Interest Expense | 158.0M | 115.4M | 64.7M | 39.3M | 20.2M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 5.4B | 4.0B | 3.1B | 2.3B | 1.7B |
| Income Tax | 1.4B | 1.0B | 797.9M | 597.9M | 407.9M |
| Effective Tax Rate % | 25.9% | 25.7% | 26.1% | 26.2% | 24.4% |
| Net Income | 4.0B | 3.0B | 2.3B | 1.7B | 1.3B |
| Net Margin % | 34.6% | 32.0% | 31.2% | 30.7% | 30.4% |
| Key Metrics | |||||
| EBITDA | 5.9B | 4.4B | 3.3B | 2.5B | 1.8B |
| EPS (Basic) | ₹47.87 | ₹36.17 | ₹54.10 | ₹40.46 | ₹30.50 |
| EPS (Diluted) | ₹47.17 | ₹36.17 | ₹54.03 | ₹40.28 | ₹30.38 |
| Basic Shares Outstanding | 82705536 | 82893365 | 41584917 | 41623010 | 41569351 |
| Diluted Shares Outstanding | 82705536 | 82893365 | 41584917 | 41623010 | 41569351 |
Income Statement Trend
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Anand Rathi Wealth Balance Sheet From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 2.4B | 440.7M | 331.1M | 647.6M | 871.1M |
| Short-term Investments | 5.3B | 4.0B | 5.4B | 2.3B | 728.0M |
| Accounts Receivable | 427.6M | 687.0K | 282.5M | 1.5M | 149.0M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 87.8M | 84.4M | 64.4M | 10.8M | 2.1M |
| Total Current Assets | 8.7B | 5.2B | 6.1B | 3.5B | 2.0B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 1.8B | 975.2M | 1.3B | 512.6M | 131.7M |
| Goodwill | 128.6M | 175.7M | 232.0M | 280.6M | 329.3M |
| Intangible Assets | 78.9M | 126.0M | 174.0M | 222.6M | 271.2M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | 1.0K | 11.7M | -1.0K | 1.0K |
| Total Non-Current Assets | 4.6B | 4.4B | 2.7B | 2.8B | 2.8B |
| Total Assets | 13.3B | 9.6B | 8.8B | 6.2B | 4.8B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 1.4M | 670.0K | 206.0K | 3.1M | 0 |
| Short-term Debt | 177.6M | 158.0M | 168.5M | 140.6M | 141.0M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 339.5M | 151.9M | 166.0M | 96.2M | 64.9M |
| Total Current Liabilities | 2.3B | 2.0B | 1.8B | 1.2B | 975.5M |
| Non-Current Liabilities | |||||
| Long-term Debt | 657.2M | 635.0M | 348.1M | 226.5M | 251.5M |
| Deferred Tax Liabilities | 210.2M | 59.6M | 31.0M | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | 907.7M | 777.3M | 414.9M | 265.4M | 272.7M |
| Total Liabilities | 3.2B | 2.7B | 2.2B | 1.4B | 1.2B |
| Equity | |||||
| Common Stock | 415.1M | 415.1M | 209.1M | 208.4M | 208.1M |
| Retained Earnings | - | 6.2B | - | 4.2B | 3.0B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 10.1B | 6.9B | 6.6B | 4.8B | 3.6B |
| Key Metrics | |||||
| Total Debt | 834.8M | 793.0M | 516.7M | 367.2M | 392.5M |
| Working Capital | 6.4B | 3.3B | 4.3B | 2.3B | 1.0B |
Balance Sheet Composition
Anand Rathi Wealth Cash Flow Statement From 2022 to 2026
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 5.4B | 4.0B | 3.1B | 2.3B | 1.7B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | 393.4M | 0 | 57.0M | 28.2M | 29.1M |
| Working Capital Changes | -1.1B | -1.1B | -172.3M | -1.3B | -4.6M |
| Operating Cash Flow | 4.4B | 2.6B | 2.8B | 921.8M | 1.7B |
| Investing Activities | |||||
| Capital Expenditures | -133.4M | -357.7M | -45.0M | -169.3M | -154.5M |
| Acquisitions | 39.8M | 0 | - | - | - |
| Investment Purchases | -6.8B | -1.2B | -16.3B | -39.3B | -26.6B |
| Investment Sales | 7.2B | 1.7B | 13.8B | 38.9B | 26.0B |
| Investing Cash Flow | 252.3M | 180.6M | -2.5B | -498.9M | -810.2M |
| Financing Activities | |||||
| Share Repurchases | 0 | -1.6B | - | - | - |
| Dividends Paid | -1.1B | -667.0M | -500.5M | -458.6M | -277.4M |
| Debt Issuance | - | - | - | - | - |
| Debt Repayment | - | - | - | - | - |
| Financing Cash Flow | -1.1B | -2.7B | -499.8M | -458.2M | -276.3M |
| Free Cash Flow | 2.7B | 2.0B | 2.7B | 669.6M | 1.3B |
| Net Change in Cash | 3.5B | 40.4M | -252.8M | -35.3M | 586.7M |
Cash Flow Trend
Anand Rathi Wealth Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
76.83
Forward P/E
51.01
Price to Book
36.92
Price to Sales
23.94
PEG Ratio
2.25
Profitability Ratios
Profit Margin
31.57%
Operating Margin
40.33%
Return on Equity
46.74%
Return on Assets
30.11%
Financial Health
Current Ratio
3.83
Debt to Equity
8.25
Beta
0.35
Per Share Data
EPS (TTM)
₹47.04
Book Value per Share
₹97.90
Revenue per Share
₹151.62
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| ANANDRATHI | 299.9B | 76.83 | 36.92 | 46.74% | 31.57% | 8.25 |
| Jio Financial | 1.6T | 103.21 | 1.18 | 1.21% | 57.77% | 16.29 |
| HDFC Asset | 1.2T | 40.79 | 12.57 | 32.93% | 61.83% | 0.00 |
| Bajaj Holdings | 1.2T | 13.15 | 1.70 | 8.97% | 735.32% | 0.02 |
| Nippon Life India | 624.9B | 47.39 | 15.38 | 30.53% | 51.23% | 1.94 |
| 360 One Wam | 422.4B | 35.66 | 4.50 | 12.37% | 27.83% | 161.98 |
Financial data is updated regularly. All figures are in the company's reporting currency.



