Anand Rathi Wealth Ltd.
NSE: ANANDRATHIAnand Rathi Wealth Ltd.: A 30-second snapshot
Anand Rathi Wealth (ANANDRATHI) is a wealth management firm trading at ₹3,502, up 82.7% over the past 12 months and sitting above both its 50-DMA (₹3,441) and 200-DMA (₹3,099). ROE of 46.7% and a 5-year revenue CAGR of 47.6% distinguish it from its Banking-sector peers, though a trailing PE of 74.1x and D/E of 8.25 — both the highest in the 6-stock comparison group — reflect a premium already embedded in the price.
P/E
74.1
Forward P/E
49.4
ROE
+46.7%
Debt / Equity
8.25
Profit Margin
+31.6%
Div. Yield
+0.4%
5Y ROE > 15%
4/5
5Y FCF > 0
4/5
Quality
64/100
News
7 headlines · 0 positive · 1 negative
Promoter offloads Rs 500 crore worth Anand Rathi Wealth shares; Integrated Core Strategies, BNP Paribas sell 2.1% stake in Federal Bank - TradingView
TradingView
Anand Rathi Wealth Limited Appoints Chirag Ramesh Muni as Chief Process Officer - scanx.trade
scanx.trade
Anand Rathi Wealth Limited Appointment of Senior Management Personnel - InvestyWise
InvestyWise
Anand Rathi Financial Services Limited Disclosure of Share Pledge on Anand Rathi Wealth Limited - InvestyWise
InvestyWise
Anand Rathi Wealth Holds 31st AGM via Video Conferencing, Awaits Voting Results - TipRanks
TipRanks
Recent context
- ·A promoter-level share pledge by Anand Rathi Financial Services Limited was disclosed alongside a separate report of a promoter offloading approximately ₹500 crore worth of shares — both events occurred within a week of each other in late May 2026.
- ·The company held its 31st AGM via video conferencing in May 2026 and appointed Chirag Ramesh Muni as Chief Process Officer, signalling ongoing senior management build-out as the firm scales.
- ·Out of 7 recent news items, 6 were classified neutral and 1 negative (the promoter stake sale); there are no positive coverage items in the recent window, and analyst coverage is limited to 2 tracked analysts with no consensus rating available.
Strengths
- +ROE of 46.7% ranks first among the 6 Banking-sector peers listed (next highest: Bajaj Finance at 17.9%), supported by a 5-year earnings CAGR of 38.4% and 4 of available years with FCF positive.
- +Revenue has grown at a 5-year CAGR of 47.6%, and a profit margin of 31.6% reflects high operating leverage typical of fee-based wealth management businesses.
- +Price is 82.7% higher over 12 months and 14.6% higher over the past 3 months; RSI of 46.3 is in neutral territory, and the stock trades above both the 50-DMA and 200-DMA with a drawdown of only 6.2% from the 52-week high.
- +Quality score of 69 ranks first in the 6-stock peer group (next: Bajaj Finance at 53, Axis Bank at 50), and the fundamental consistency score of 83 reflects 4 of tracked years with ROE above 15% and positive FCF.
Weaknesses
- −D/E of 8.25 is elevated for a non-bank wealth management firm and the debt trend is rising, increasing refinancing and interest-rate exposure as the firm scales.
- −Trailing PE of 74.1x and forward PE of 49.4x are the highest in the 6-stock peer group; the earnings growth already priced into the forward multiple leaves limited room for execution shortfalls.
- −Promoter pledge disclosures and a secondary share sale of approximately ₹500 crore appeared within the same short news window — concentrated pledge activity is a governance indicator that warrants ongoing monitoring.
- −The stock is classified under Banking alongside retail banks and insurers, making all peer-relative PE, D/E, and ROE comparisons structurally imprecise; ANANDRATHI operates a fee-based model with no lending book, yet its D/E ratio of 8.25 superficially resembles bank leverage.
Open questions
- ?Does the rising debt trend reflect leverage taken on to seed new products or fund working capital, and how does the interest-service cost compare to fee revenue growth over the past 3 years?
- ?The 5-year revenue CAGR of 47.6% has been exceptional — is this growth rate tied to a broad market wealth-creation cycle, or does it reflect market-share gains in the high-net-worth client segment that could persist through a market downturn?
- ?How concentrated is the promoter shareholding and pledge structure, and what are the terms and lenders involved in the recently disclosed pledges?
- ?At a forward PE of 49.4x, what earnings growth rate is the market implying over the next 2-3 years, and how does that compare to the consensus of the 2 tracked analysts or to management guidance?
Peer comparison: Banking
Ranks 1 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| ANANDRATHI | Anand Rathi Wealth Ltd.You're viewing | 74.1 | +46.7% | 69 |
| Industry avg | across 5 peers | 31.2 | +14.2% | 39 |
| BAJFINANCE | Bajaj Finance Ltd. | 29.1 | +17.9% | 53 |
| AXISBANK | Axis Bank Ltd. | 15.1 | +13.2% | 50 |
| HDFCBANK | HDFC Bank Ltd. | 16.6 | +13.8% | 50 |
| BAJAJFINSV | Bajaj Finserv Ltd. | 28.8 | +14.6% | 23 |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 66.2 | +11.3% | 20 |
Technical state
Current price
₹3,502.40
SMA 50
₹3,441.20
SMA 200
₹3,098.88
RSI (14)
46.3 (neutral)
From 52w high
-6.2%
1Y return
+82.7%
3M return
+14.6%
50-DMA
Above
200-DMA
Above
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 8.25 is elevated for a wealth management firm and the debt trend is classified as rising — a combination that amplifies interest-rate sensitivity and refinancing risk as the business scales assets under management.
- mediumA promoter share pledge by Anand Rathi Financial Services Limited was disclosed within the recent news window, and a separate headline reported a promoter sale of approximately ₹500 crore worth of shares — concentrated pledge and secondary-sale activity within a short window is a governance pattern worth monitoring.
- mediumANANDRATHI is a wealth management business benchmarked against retail banks and insurers (AXISBANK, HDFCBANK, BAJFINANCE, BAJAJFINSV, HDFCLIFE); its trailing PE of 74.1x is the highest in the 6-stock group vs a peer median near 22x, and its D/E of 8.25 is structurally incomparable to bank-sector peers — reducing the interpretive value of all peer-relative metrics.
- mediumTrailing PE of 74.1x and forward PE of 49.4x rank highest (least favourable on valuation) in the 6-stock peer set; the implied earnings growth required to justify the forward multiple leaves limited tolerance for execution shortfalls.
- lowNews coverage is sparse — 7 articles total, 6 neutral and 1 negative — and analyst coverage is thin at 2 analysts with no mean rating available, limiting the reliability of any market-consensus read.
Cross-section contradictions
- ROE of 46.7% is the highest in the 6-stock peer group while trailing PE of 74.1x is also the highest; the stock already prices in its quality advantage relative to peers, meaning any ROE normalisation could trigger meaningful multiple compression.
- Price is up 82.7% over 12 months, trades above both the 50-DMA (₹3,441) and 200-DMA (₹3,099), and sits only 6.2% below its 52-week high — yet recent news is dominated by promoter pledge disclosures and a large secondary share sale, a governance pattern that has not yet visibly weighed on price momentum.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 1 Jun 2026 · rotates through NIFTY 500 every ~5 days