Distributes and advises on financial products for Indian households, earning advisory fees on assets it manages and distribution commissions on products it places. Total assets under advice stood at ₹1,06,300 crore as of Q1 FY27, served by 417 relationship managers across 13,941 client families, with ₹2,743 crore of net inflows added that quarter. The mutual fund distribution franchise held 2.47% of Category II (equity-oriented) net flows in FY26, up from 0.18% in FY19-20, and the firm also places market-linked debentures (₹2,187 crore of primary issuances in Q1 FY27, up 8% YoY, plus ₹968 crore of secondary trades). Two technology-led extensions sit alongside the core advisory: a B2B2C 'Digital Wealth' arm with ₹2,526 crore of AUM and 7,320 clients, and an 'OFA' SaaS platform with 6,890 subscribers sitting on ₹1.66 lakh crore of platform assets. Backward-integration steps in motion include a SEBI mutual fund sponsor application, a newly commenced UK subsidiary, and an in-principle GIFT City fund-management entity approval. The cost base is dominated by people — employee costs run at 46.1% of revenue — making the model light on capital (capex 1.2% of revenue) but dependent on retaining relationship managers; client attrition in Q1 FY27 was 0.09% of AUM lost and reported RM attrition was zero. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Wealth advisory fees on AUM, Mutual fund distribution, Market-linked debenture (MLD) distribution, Digital Wealth (B2B2C), OFA SaaS platform. Asset-light, people-driven wealth advisory and financial product distribution
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 417 | 549 | 724 | 939 | 1,149 |
| EBITDA (ex other income) | 177 | 239 | 304 | 400 | 481 |
| margin % | 42.4 | 43.5 | 41.9 | 42.6 | 41.9 |
| Owners' profit | 127 | 168 | 225 | 300 | 396 |
| EPS, as reported (₹) | 30.49 | 40.46 | 54.10 | 36.17 | 36.17 |
| ROE % · ROCE % | 35.7 · 44.4 | 35.1 · 45.8 | 34.1 · 44.4 | 43.7 · 54.4 | 39.3 · 50.0 |
| Debt / equity (x) | 0.07 | 0.08 | 0.01 | 0.03 | 0.02 |
| Cash from operations | 146 | 84 | 278 | 244 | 281 |
| Capex | (3) | (17) | 0 | (36) | (13) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 242 | 237 | 222 | 274 | 297 | 290 | 288 | 322 |
| Profit before tax | 102 | 104 | 99 | 126 | 134 | 135 | 140 | 206 |
| Net profit | 76 | 77 | 74 | 94 | 100 | 100 | 103 | 163 |
| EPS (₹) | 18.32 | 18.58 | 8.87 | 11.31 | 12.03 | 12.07 | 12.46 | 9.82 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ANAND RATHI WEALTH LTD ◆ | 36,695 | 47.6 | 36.27 | 62.3 | 39.3 | 48.6 | — | 68.0 |
| PRUDENT CORP ADV SER LTD | 14,140 | 57.7 | 16.02 | 42.4 | 25.2 | — | — | 31.6 |
| DHARNI CAPITAL SERVICES LIMITE | 112 | 16.8 | 4.34 | 18.7 | 18.1 | 22.6 | — | 63.0 |
| SODHANI CAPITAL LIMITED | 56 | 20.6 | — | — | — | 17.7 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Anand Rathi Wealth invests Rs 5.49 cr in wholly owned subsidiary ARFME | capex operations | medium | — | — |
| 10 Aug 2026 · Promoter group entity Jaipur Securities sells 0.087 percent stake in Anand Rathi Wealth | ownership changes | medium | — | — |
| 10 Aug 2026 · Promoter group HUF trims stake in Anand Rathi Wealth via open market | ownership changes | low | — | — |
| 7 Aug 2026 · Promoter Anand Rathi trims stake by 2.97 lakh shares in open market | ownership changes | high | — | — |
| 27 Jul 2026 · Pledge invoked on small number of promoter shares by Anand Rathi IT | ownership changes | critical | — | — |
| 16 Jul 2026 · AR Wealth subsidiary gets IFSCA in-principle nod for fund management entity at GIFT City | business updates | medium | — | — |
| 15 Jul 2026 · Anand Rathi Wealth Q1 FY27: PAT up 24% YoY at INR 116 cr | investor communications | medium | — | — |
| 10 Jul 2026 · Investor meeting schedule announced for July 2026 | board shareholder meetings | low | — | — |
| 10 Jul 2026 · Q1 FY27 earnings call audio recording uploaded on company website | investor communications | medium | — | — |
| 10 Jul 2026 · Newspaper publication of Q1 FY27 unaudited consolidated results | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| VEDANT ASSET LIMITED | 18 | 23.5 | — | — | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 47.6 | 20.3 | 54 of 62 | 13% |
| P/B | 36.3 | 3.0 | 64 of 65 | 2% |
| ROCE | 48.6 | 16.0 | 1 of 33 | 100% |
| ROE | 39.3 | 11.4 | 3 of 65 | 97% |
| Debt / Equity | 0.0 | 0.0 | 50 of 65 | 23% |
| EBITDA margin | 68.0 | 45.7 | 14 of 64 | 79% |
| Revenue growth | 17.5 | 23.1 | 35 of 58 | 40% |
| Profit growth | 73.6 | 17.6 | 14 of 61 | 78% |
| Market cap | 36695 | 990 | 9 of 69 | 88% |
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This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
