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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Angel One Limited is a retail full-service broking house. The Company is engaged in the business of stock, currency, and commodity broking, providing margin trading facilities, depository services and distribution of mutual funds to its clients. The Company operates through…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, priced for perfection — but flagged on governance.
ANGEL ONE LIMITED is scored on the commodity / cyclical framework. It keeps a healthy 17.8% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -4.53×) — worth a closer look. Free cash flow is worth about -14.1% of its market value.
Over the last 3 years revenue compounded at 20%/yr and profit at 1%/yr. Book value itself has compounded 42%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 17.3%. In the latest quarter profit grew 45% versus the prior quarter.
At 33× earnings, the stock sits at the 96th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price implies ~13%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹-1.35 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 26.19 | 33.17 | better |
| P/B | 4.54 | 3.56 | worse |
| EV/EBITDA | 10.76 | 10.27 | worse |
| ROE | 17.33 | 12.05 | better |
| ROCE | 14.85 | 13.64 | better |
| ROA | 5.09 | 5.51 | worse |
| Quick Ratio | 1.02 | 1.55 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Groww | 50.1 | 11.7 | 23.3% |
| Motilal Oswal Fin | 24.6 | 4.3 | 17.4% |
| 360 One Wam | 39.3 | 3.9 | 12.0% |
Revenue is on a 2-year growth streak. 20% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Revenue is outpacing profit (20% vs 1%) — costs are rising faster than the top line.
Operating margin has compressed from 40% to 25% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 15% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 26pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (1% vs -54%) — share dilution is eroding per-share value. -54% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (9% spread) — a predictable, non-seasonal revenue stream.
Profit jumped 45% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (20% → 23%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold just 28.6% — widely held; sentiment-driven.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.