ANANDRATHI

Anand Rathi Wealth share price & financials

Price
₹1,867.5
Market cap
₹34.5k Cr
Sector
Financial Services
Calls analysed
8
Latest concall · Q1 FY27 · call held 10 Jul 2026

Anand Rathi Wealth Limited Q1 FY27

Consolidated Revenue ₹336 cr +18%Consolidated PAT ₹116 cr +23%PAT Margin 34.4%

What went well

  • Consolidated total revenue (excl. fair value gains, ESOP) for Q1 FY27 was ₹336 crores, up 18% YoY from ₹284 crores in Q1 FY26.
  • Profit after tax (excl. fair value gains, ESOP) for Q1 FY27 was ₹116 crores, up 24% YoY from ₹94 crores in Q1 FY26, with PAT margin improving to 34.4% from 33%.
  • Total AUM grew by 21% YoY to ₹1,06,300 crores as of June 30, 2026, supported by net flows of ₹2,743 crores for the quarter.

What to watch

  • Management acknowledged market volatility in Q1 FY27, though their business model is designed to be market-agnostic.
  • Analyst raised concerns about potential pressure on mutual fund yields due to TER changes, but management indicated bargaining power due to their large distributor status.
Read the full call →

What Anand Rathi Wealth Limited does

Anand Rathi Wealth Limited is an AMFI-registered private wealth management firm that advises high-net-worth and ultra-high-net-worth individuals on asset allocation across mutual funds, structured products and other financial instruments. It earns primarily through trail commissions and fees on assets it distributes rather than through proprietary manufacturing, following a distribution-first model. The firm also runs a Digital Wealth arm targeting the mass-affluent segment and an Omni Financial Advisor (OFA) platform that gives mutual fund distributors and independent financial advisors a co-branded digital tool to serve their own clients.

Segments

  • Private Wealth
  • Digital Wealth
  • Omni Financial Advisor (OFA)
Relationship Managers (RMs)
401
Active client families
13,395
Cities covered in India
18
International presence
Dubai and UK (UK unit has FCA approval)
Digital Wealth clients
7,106
OFA platform MFDs/IFAs onboarded
6,906
Founded 2002Headquarters Lower Parel, Mumbai, India Company website

Guidance record · Q1 FY27

what the last two calls moved 21 tracked 7 delivered 4 missed 10 open
  • PAT Margin delivered said Q3 FY25 Promised: not less than 30% Q1 FY27: Q1 FY27 adjusted PAT margin was 34.4%, continuing to exceed the 30% floor.
  • RM Additions went quiet said Q4 FY25 Promised: 50-60 RMs Q1 FY27: No update provided on final FY26 RM additions. The promise remains ghosted.
  • UK Subsidiary Incorporation delayed said Q3 FY25 Promised: Incorporated within 6-9 months Q1 FY27: Management announced that operations have started in the UK. While the original timeline was missed and followed by a period of ghosting, the initiative is now operational.

All 21 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 17.5%, net profit up 73.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue242 237 222 274 297 +23%290 +22%288 +30%322 +18%
EBITDA104 107 91 128 137 +32%131 +22%85 −7%109 −15%
Net profit76 77 74 94 100 +32%100 +30%103 +39%163 +73%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −24.6% 1Y

₹2.0k₹2.5k₹3.0k₹3.5kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Oct 2025Q3 FY26 — 13 Jan 2026Q4 FY26 — 10 Apr 2026Q1 FY27 — 10 Jul 2026

1Y: ₹2,930.7 on 10 Sept 2025 → ₹2,211. High ₹3,689.8 (17 Apr 2026), low ₹1,725.35 (29 May 2026).

How the price took the results

close before → close after

Q1 FY27
+2.4%
10 Jul
Q4 FY26
+0.7%
10 Apr
Q3 FY26
+0.7%
13 Jan
Q2 FY26
+7.8%
14 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 27.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 41.9%.

Year endingFY23FY24FY25FY26
Revenue₹549 Cr₹724 Cr₹939 Cr₹1.1k Cr
Operating profit₹239 Cr₹303 Cr₹400 Cr₹481 Cr
Operating margin43.5%41.9%42.6%41.9%
Interest₹4 Cr₹7 Cr₹12 Cr₹16 Cr
Depreciation₹16 Cr₹20 Cr₹26 Cr₹35 Cr
Net profit₹169 Cr₹226 Cr₹300 Cr₹397 Cr
Net margin30.8%31.2%31.9%34.6%
ROCE51.0%51.0%56.0%59.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹14 Cr₹21 Cr₹21 Cr₹21 Cr₹42 Cr₹42 Cr
Reserves₹228 Cr₹323 Cr₹447 Cr₹628 Cr₹767 Cr₹957 Cr
Borrowings₹48 Cr₹39 Cr₹37 Cr₹52 Cr₹82 Cr₹83 Cr
Other liabilities₹51 Cr₹97 Cr₹119 Cr₹179 Cr₹230 Cr₹247 Cr
Total liabilities₹340 Cr₹480 Cr₹624 Cr₹880 Cr₹1.1k Cr₹1.3k Cr
Fixed assets₹55 Cr₹124 Cr₹136 Cr₹152 Cr₹190 Cr₹191 Cr
Capital work in progress₹69 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr
Investments₹104 Cr₹104 Cr₹106 Cr₹112 Cr₹227 Cr₹265 Cr
Other assets₹111 Cr₹253 Cr₹383 Cr₹614 Cr₹703 Cr₹873 Cr
Total assets₹340 Cr₹480 Cr₹624 Cr₹880 Cr₹1.1k Cr₹1.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −2.13 pp while DIIs added +2.00 pp. The shareholder count grew 36% to 80,729.

Promoters
41.4%
FIIs
6.4%
DIIs
10.4%
Public
41.9%

Since Jun 2025

  • Public −2.13 pp
  • DIIs +2.00 pp
  • FIIs +1.47 pp

How it drifted, 12 quarters

Over this window promoters fell from 48.7% to 41.4% — −7.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 48.7%, FIIs 1.8%, DIIs 10.3%, Public 39.2%.Dec '23: Promoters 48.2%, FIIs 3.0%, DIIs 9.2%, Public 39.6%.Mar '24: Promoters 48.0%, FIIs 4.9%, DIIs 8.8%, Public 38.4%.Jun '24: Promoters 48.1%, FIIs 5.0%, DIIs 8.3%, Public 38.6%.Sep '24: Promoters 48.0%, FIIs 5.3%, DIIs 8.0%, Public 38.7%.Dec '24: Promoters 48.0%, FIIs 5.8%, DIIs 7.8%, Public 38.5%.Mar '25: Promoters 47.3%, FIIs 4.8%, DIIs 7.2%, Government 0.0%, Public 40.6%.Jun '25: Promoters 42.7%, FIIs 4.9%, DIIs 8.4%, Public 44.0%.Sep '25: Promoters 42.7%, FIIs 5.6%, DIIs 8.7%, Public 43.0%.Dec '25: Promoters 43.1%, FIIs 6.7%, DIIs 9.4%, Public 40.8%.Mar '26: Promoters 43.1%, FIIs 5.8%, DIIs 9.1%, Public 42.0%.Jun '26: Promoters 41.4%, FIIs 6.4%, DIIs 10.4%, Public 41.9%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Anand Rathi Wealth Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Anand Rathi Financial Services Limited 18.17%−1.75 pp
Anand Rathi 9.97%unchanged
Pradeep Kumar Gupta 4.43%unchanged
Quant Mutual Fund - Quant Small Cap Fund - 2 Mutual fund2.86%unchanged
Priti Pradeep Gupta 2.66%unchanged
SBI Small Cap Fund Mutual fund2.57%unchanged
Feroze Azeez - Azeez Family Trust 2.03%−0.14 pp
Pradeep Kumar Gupta HUF 1.79%unchanged
Feroze Azeez 1.53%unchanged
Jaipur Securities Private Limited 1.48%unchanged
Navratan Mal Gupta HUF 1.41%unchanged
Echjay Industries Private Limited 1.01%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in ANANDRATHI

Filings to Aug 2026

0 new, 5 added, 2 trimmed, 0 sold out — net +0.03 L shares (+0.1%).

Held by funds
₹991 Cr
8 schemes
Biggest holder
SBI Smallcap Fund
₹926 Cr · 2.2% of that fund
SchemeHoldingLast month
SBI Smallcap Fund SBI Mutual Fund₹926 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹31 Cr+0.02 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹16 Cr+0.01 L
Nippon India Nifty 500 Momentum 50 Index Fund Nippon India Mutual Fund₹15 Cr+0.01 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
Nippon India Nifty 500 Quality 50 Index Fund Nippon India Mutual Fund₹1 Cr−0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹1 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

5 added, 2 trimmed — net +3,488 shares (+0.1%)

Funds are sitting on
+10%
vs est. average cost
Held by funds
₹991 Cr
8 schemes · ≈ 2.4% of the company
Biggest holder
SBI Smallcap Fund
₹926 Cr · 2.2% of that fund

Shares held by these funds +207%

Aug '23 44.95 L shares Jul '26

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Anand Rathi Wealth Limited

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