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Angel One Limited (543235) Press Release Analysis

Corporate Events

Positive

Angel One Launches Its Super App On The Android...

2022-11-25 14:48:00

Angel One Limited continues with its innovative product offerings. The Fintech company announces the launch of its Super App on the Android pl...

Negative

Angel One Limited Appoints Prateek Mehta as Chi...

2022-11-11 04:13:00

Angel One Limited announced that Mr. Prateek Mehta has been appointed as Chief Business Officer of the Company with effect from November 11, 2...

Neutral

Angel One Limited - Shareholder/Analyst Call

2022-10-14 07:37:00

Angel One Limited - Shareholder/Analyst Call

Neutral

Angel One Limited Announces Change of Address o...

2022-10-13 13:28:00

Angel One Limited announced that at the board meeting held on October 13, 2022 the board has approved to change the address of the registered ...

Positive

Angel One Limited Announces Second Interim Divi...

2022-10-13 13:20:00

Angel One Limited Announced second Interim Dividend for the Financial Year 2022-23 at the rate of INR 9 per share on equity shares having face...

Positive

Angel One Limited, 9.00 (INR), Cash Dividend, O...

2022-10-13 00:00:00

Angel One Limited, 9.00 (INR), Cash Dividend, Oct-20-2022

Neutral

Angel One Limited to Report First Half, 2023 Re...

2022-09-28 12:48:00

Angel One Limited announced that they will report first half, 2023 results on Oct 13, 2022

Neutral

Angel One Limited, H1 2023 Earnings Call, Oct 14, 2022

2022-09-28 12:48:00

Angel One Limited, H1 2023 Earnings Call, Oct 14, 2022

Neutral

Angel One Limited, Board Meeting, Oct 13, 2022

2022-09-28 12:48:00

Angel One Limited, Board Meeting, Oct 13, 2022, at 14:30 Indian Standard Time. Agenda: To consider and approve the unaudited standalone and co...

Neutral

Angel One Limited Presents at Motilal Oswal 18t...

2022-09-20 06:41:00

Angel One Limited Presents at Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep-21-2022 . Venue: Grand Hyatt, Mumbai, India.

Neutral

Angel One Limited - Shareholder/Analyst Call

2022-09-02 06:06:00

Angel One Limited - Shareholder/Analyst Call

Neutral

Angel One Limited - Shareholder/Analyst Call

2022-09-02 06:06:00

Angel One Limited - Shareholder/Analyst Call

Neutral

Motilal Oswal Financial Services Limited, Motil...

2022-08-01 00:00:00

Motilal Oswal Financial Services Limited, Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep 19, 2022. Venue: Grand Hyatt, Mumbai, India.

Negative

Angel One Limited Appoints Dinesh Radhakrishnan...

2022-07-14 14:03:00

Angel One Limited has appointed Dinesh Radhakrishnan as its Chief Product & Technology Officer (CPTO). Dinesh will lead the technology, produc...

Positive

Angel One Limited Declares the First Interim Di...

2022-07-14 13:30:00

Angel One Limited at its Board meeting held on July 14, 2022, declared the first Interim dividend for the Financial Year 2022-23 at the rate o...

Positive

Angel One Limited, 7.65 (INR), Cash Dividend, J...

2022-07-05 00:00:00

Angel One Limited, 7.65 (INR), Cash Dividend, Jul-21-2022

Neutral

Angel One Limited, Board Meeting, Jul 14, 2022

2022-07-04 14:13:00

Angel One Limited, Board Meeting, Jul 14, 2022, at 15:10 Indian Standard Time. Agenda: To consider and approve the unaudited standalone and co...

Neutral

Angel One Limited to Report Q1, 2023 Results on...

2022-07-04 14:13:00

Angel One Limited announced that they will report Q1, 2023 results on Jul 14, 2022

Neutral

Angel One Limited, Q1 2023 Earnings Call, Jul 15, 2022

2022-07-04 14:05:00

Angel One Limited, Q1 2023 Earnings Call, Jul 15, 2022

Neutral

Angel One Limited - Special Call

2022-06-17 08:34:00

Angel One Limited - Special Call

Neutral

Angel One Limited Presents at India Fintech Day...

2022-06-17 08:34:00

Angel One Limited Presents at India Fintech Days, Jun-21-2022 . Venue: Mumbai, India.

Neutral

Angel One Limited - Shareholder/Analyst Call

2022-06-07 07:25:00

Angel One Limited - Shareholder/Analyst Call

Positive

Fintech Platform Angel One Launches Phase 1 of ...

2022-06-01 06:58:00

Fintech company Angel One announced the launch of its Super App, for limited users. The company has launched the Web and iOS version, while it...

Positive

Angel One Limited Confirms Final Dividend for t...

2022-05-31 15:47:00

Angel One Limited at its held on May 31, 2022 Annual General Meeting confirmed the payment of four Interim Dividends aggregating to INR 24.85 ...

Neutral

Angel One Limited - Special Call

2022-05-23 13:11:00

Hosted by Investec Capital Services

Neutral

Angel One Limited - Special Call

2022-05-23 13:11:00

Angel One Limited - Special Call

Neutral

Angel One Limited - Shareholder/Analyst Call

2022-05-06 09:33:00

AGM

Neutral

Angel One Limited, Annual General Meeting, May 31, 2022

2022-05-06 09:33:00

Angel One Limited, Annual General Meeting, May 31, 2022, at 10:30 Indian Standard Time. Agenda: To consider adoption of Standalone Financial S...

Neutral

Macquarie Group Limited, India Fintech Days, Ju...

2022-05-05 02:43:00

Macquarie Group Limited, India Fintech Days, Jun 20, 2022 through Jun 21, 2022. Venue: Mumbai, India.

Positive

Angel One Limited, 2.25 (INR), Cash Dividend, M...

2022-04-21 00:00:00

Angel One Limited, 2.25 (INR), Cash Dividend, May-23-2022

Positive

Angel One Limited Approves to Propose Final Div...

2022-04-20 14:37:00

Angel One Limited at its board meeting held on April 20, 2022 approved and recommended the Final Dividend of INR 2.25 per equity share i.e. fo...

Neutral

Angel One Limited to Report Q4, 2022 Results on...

2022-04-04 13:52:00

Angel One Limited announced that they will report Q4, 2022 results on Apr 20, 2022

Neutral

Angel One Limited, Q4 2022 Earnings Call, Apr 21, 2022

2022-04-04 13:52:00

Angel One Limited, Q4 2022 Earnings Call, Apr 21, 2022

Neutral

Angel One Limited, Board Meeting, Apr 20, 2022

2022-04-04 13:52:00

Angel One Limited, Board Meeting, Apr 20, 2022, at 15:45 Indian Standard Time. Agenda: To consider and approve the Audited Financial Results f...

Neutral

Angel One Limited, Board Meeting, Apr 01, 2022

2022-04-01 17:02:00

Angel One Limited, Board Meeting, Apr 01, 2022.

Positive

Angel One Limited Announces 4th Interim Dividen...

2022-04-01 11:08:00

Angel One Limited announced that the Board of Directors of the Company by way of circular resolution dated April 1, 2022 approved declaration ...

Positive

Angel One Limited, 7.00 (INR), Cash Dividend, A...

2022-03-25 00:00:00

Angel One Limited, 7.00 (INR), Cash Dividend, Apr-08-2022

Neutral

Angel One Limited - Special Call

2022-02-08 08:04:00

Angel One Limited - Special Call

Positive

Angel One Limited Declares Third Interim Divide...

2022-01-17 13:03:00

Angel One Limited declared as third Interim dividend for the Financial Year 2021-22 at the rate of INR 7 per share on equity shares of face va...

Positive

Angel One Limited, 7.00 (INR), Cash Dividend, J...

2022-01-04 00:00:00

Angel One Limited, 7.00 (INR), Cash Dividend, Jan-24-2022

Neutral

Angel One Limited Approves the Alteration of Ob...

2021-12-13 12:39:00

Angel One Limited Approved the alteration of object clause of Memorandum of Association of the Company.

Neutral

Angel One Limited - Shareholder/Analyst Call

2021-12-07 04:54:00

Angel One Limited - Shareholder/Analyst Call

Positive

Angel One Launches Its Super App On The Android Platform For Limited Set Of Users

2022-11-25 14:48:00

Angel One Limited continues with its innovative product offerings. The Fintech company announces the launch of its Super App on the Android platform, to a limited set of users. Earlier this year, the company launched the Web and iOS versions of the Super App. Built on the five principles of S.T.A.R.S. - Simplicity, Transparency, Availability, Reliability and Swiftness, here's what Angel One's Android users will have access to: Simplicity - A tell-all homepage providing everything need at a single click – market mood through indices, product portfolio & option to add funds; Transparency - Users find it difficult to understand charges, and Angel One has ZERO hidden charges. D.A.S.H. platform will answer all the questions about charges; Availability - The offline mode functionality on the app will ensure that customers can always access their last synced portfolio, funds and order status; Reliability - Stock market transactions happen in a fraction of a second, and the App's stability is a must. Thus, Super App offers ZERO tolerance for App crashes, bugs, and latency; Swiftness - The faster interactions with the Super App translate into redefined and scalable data streaming service for broadcast, biometric-driven instant login, instantly updated ledgers, real-time billing or settlements, etc. The Super App incorporates detailed feedback received from clients over the years. Angel One has incorporated this feedback to provide its clients with a seamless experience. The company will soon commence a full-fledged App rollout to all clients. While initially, the Super App will provide broking services, its architecture is nimble, thus allowing the company to quickly add newer products/services, like third-party financial products, etc., on the app. Understanding that majority of the clients are young and new to market, the Super App houses various educational videos on the Homepage. Angel One has also developed an investor education platform - Smart Money - that enables clients to upskill themselves and have a granular understanding about the various aspects of investing and trading. The platform offers a comprehensive range of educational modules for different sets of investors.

Negative

Angel One Limited Appoints Prateek Mehta as Chief Business Officer

2022-11-11 04:13:00

Angel One Limited announced that Mr. Prateek Mehta has been appointed as Chief Business Officer of the Company with effect from November 11, 2022. In his new role, he will be chalking out growth strategies and business plans for the company to achieve its vision. Prateek, has a stunning background of more than 19 years in building and creating value at Startups & Fortune 50 Companies, of which he spent 10+ years in solving and scaling retail and internet businesses like Tata Digital, Scripbox/Upwardly, Myntra, and Zovi. His wealth of experience in areas of growth, product, marketing and brand will add great value to Angel One. At Tata Digital, Prateek led the Neobanking and Investments business and was responsible for building the investments and savings first Neobank. He conceptualized and scaled Upwardly, one of the top five wealth tech players, which was later acquired by Scripbox, where, as the Co-founder & Chief Business Officer he was responsible for customer experience, product & marketing, growth and profit & loss. At Myntra, as Senior Vice President he led their Multibrand retail business, and at Dell, he designed the Business Strategy for B2B Sales.

Neutral

Angel One Limited - Shareholder/Analyst Call

2022-10-14 07:37:00

Angel One Limited - Shareholder/Analyst Call

Neutral

Angel One Limited Announces Change of Address of the Registered Office

2022-10-13 13:28:00

Angel One Limited announced that at the board meeting held on October 13, 2022 the board has approved to change the address of the registered office of the Company from G-1, Ground Floor, Akruti Trade Centre, Road No.-7, MIDC, Andheri (East) Mumbai - 400093 to 601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East Mumbai 400093, with effect from October 13, 2022.

Positive

Angel One Limited Announces Second Interim Dividend for the Financial Year 2022-23, Payable on or Before November 12, 2022

2022-10-13 13:20:00

Angel One Limited Announced second Interim Dividend for the Financial Year 2022-23 at the rate of INR 9 per share on equity shares having face value of INR 10 per share, as on the Record date. Further, as already intimated, the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend, as declared by the Board of Directors shall be October 21, 2022. The dividend shall be paid on or before November 12, 2022 to those members, whose names appear on the Register of Members or in records of Depositories as beneficial owners of the shares as on the closure of business hours of October 21, 2022, which is the Record Date fixed for the purpose.

Positive

Angel One Limited, 9.00 (INR), Cash Dividend, Oct-20-2022

2022-10-13 00:00:00

Angel One Limited, 9.00 (INR), Cash Dividend, Oct-20-2022

Neutral

Angel One Limited to Report First Half, 2023 Results on Oct 13, 2022

2022-09-28 12:48:00

Angel One Limited announced that they will report first half, 2023 results on Oct 13, 2022

Neutral

Angel One Limited, H1 2023 Earnings Call, Oct 14, 2022

2022-09-28 12:48:00

Angel One Limited, H1 2023 Earnings Call, Oct 14, 2022

Neutral

Angel One Limited, Board Meeting, Oct 13, 2022

2022-09-28 12:48:00

Angel One Limited, Board Meeting, Oct 13, 2022, at 14:30 Indian Standard Time. Agenda: To consider and approve the unaudited standalone and consolidated financial results (with Limited Review) for the quarter and half year ended September 30, 2022; and to consider, approve and declare 2nd Interim Dividend, if any, for the financial year 2022-2023.

Neutral

Angel One Limited Presents at Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep-21-2022

2022-09-20 06:41:00

Angel One Limited Presents at Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep-21-2022 . Venue: Grand Hyatt, Mumbai, India.

Neutral

Angel One Limited - Shareholder/Analyst Call

2022-09-02 06:06:00

Angel One Limited - Shareholder/Analyst Call

Neutral

Angel One Limited - Shareholder/Analyst Call

2022-09-02 06:06:00

Angel One Limited - Shareholder/Analyst Call

Neutral

Motilal Oswal Financial Services Limited, Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep 19, 2022

2022-08-01 00:00:00

Motilal Oswal Financial Services Limited, Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep 19, 2022. Venue: Grand Hyatt, Mumbai, India.

Negative

Angel One Limited Appoints Dinesh Radhakrishnan as Chief Product & Technology Officer

2022-07-14 14:03:00

Angel One Limited has appointed Dinesh Radhakrishnan as its Chief Product & Technology Officer (CPTO). Dinesh will lead the technology, product & design teams at Angel One. He joins Angel One following a successful stint at Ola Electric as the CTO, where he led the software engineering arm of Ola Electric and helped launch the ecosystem to web sell as well as build & support software features on Ola S1 scooter. He was also responsible for establishing the software functions for pre-owned Cars and Dash (Quick Commerce) while leading the Ola infrastructure team. Prior to Ola, Dinesh served as General Manager at Rakuten India (mobile technology solutions division). He was instrumental in building apps like Rakuten Link and in-app messaging platforms to improve mobile app capabilities within the Rakuten Group. In the US, at Bloomberg & Intel for around 20 years, Dinesh built the software and teams for listed derivatives and media server functions, respectively. Apart from software engineering and program management, his Intel stint includes working closely with customers on technical pre-sales and managed design efforts.

Positive

Angel One Limited Declares the First Interim Dividend for the Financial Year 2022-23, Payable on or Before August 13, 2022

2022-07-14 13:30:00

Angel One Limited at its Board meeting held on July 14, 2022, declared the first Interim dividend for the Financial Year 2022-23 at the rate of INR 7.65 per share on equity shares having face value of INR 10 per share, as on the Record date, of the Company. Further, as already intimated, the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend, as declared by the Board of Directors shall be Friday, July 22, 2022.The dividend shall be paid on or before August 13, 2022 to those members, whose names appear on the Register of members or in records of depositories as beneficial owners of the shares as on the closure of business hours of Friday, July 22, 2022, which is the Record Date fixed for the purpose.

Positive

Angel One Limited, 7.65 (INR), Cash Dividend, Jul-21-2022

2022-07-05 00:00:00

Angel One Limited, 7.65 (INR), Cash Dividend, Jul-21-2022

Neutral

Angel One Limited, Board Meeting, Jul 14, 2022

2022-07-04 14:13:00

Angel One Limited, Board Meeting, Jul 14, 2022, at 15:10 Indian Standard Time. Agenda: To consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2022; and to consider, approve and declare 1st Interim Dividend, if any, for the financial year 2022-23.

Neutral

Angel One Limited to Report Q1, 2023 Results on Jul 14, 2022

2022-07-04 14:13:00

Angel One Limited announced that they will report Q1, 2023 results on Jul 14, 2022

Neutral

Angel One Limited, Q1 2023 Earnings Call, Jul 15, 2022

2022-07-04 14:05:00

Angel One Limited, Q1 2023 Earnings Call, Jul 15, 2022

Neutral

Angel One Limited - Special Call

2022-06-17 08:34:00

Angel One Limited - Special Call

Neutral

Angel One Limited Presents at India Fintech Days, Jun-21-2022

2022-06-17 08:34:00

Angel One Limited Presents at India Fintech Days, Jun-21-2022 . Venue: Mumbai, India.

Neutral

Angel One Limited - Shareholder/Analyst Call

2022-06-07 07:25:00

Angel One Limited - Shareholder/Analyst Call

Positive

Fintech Platform Angel One Launches Phase 1 of Its Super App for Limited Users

2022-06-01 06:58:00

Fintech company Angel One announced the launch of its Super App, for limited users. The company has launched the Web and iOS version, while its android version - already live in beta - will be formally launch over the next few weeks. The Super App, is a powerful web and mobile platform built on the principles of simplicity, reliability, availability, swiftness and transparency. The app has undergone rigorous testing during its beta program and received encouraging feedback. The current version of the app will offer broking services, and over the year different product offerings will be integrated on the platform, thus expanding Angel One's product and service portfolio. Angel One leverages new-age technologies like AI, ML, and data science to create best-in-class digital solutions that improve the overall customer experience by enhancing reliability, improving navigation, reducing errors, and scaling up during high traffic periods.

Positive

Angel One Limited Confirms Final Dividend for the Financial Year Ended on 31 March, 2022

2022-05-31 15:47:00

Angel One Limited at its held on May 31, 2022 Annual General Meeting confirmed the payment of four Interim Dividends aggregating to INR 24.85 per equity share for the financial year ended 31 March, 2022 and consideration of final dividend of INR 2.25 per equity share for the financial year ended on 31 March, 2022.

Neutral

Angel One Limited - Special Call

2022-05-23 13:11:00

Hosted by Investec Capital Services

Neutral

Angel One Limited - Special Call

2022-05-23 13:11:00

Angel One Limited - Special Call

Neutral

Angel One Limited - Shareholder/Analyst Call

2022-05-06 09:33:00

AGM

Neutral

Angel One Limited, Annual General Meeting, May 31, 2022

2022-05-06 09:33:00

Angel One Limited, Annual General Meeting, May 31, 2022, at 10:30 Indian Standard Time. Agenda: To consider adoption of Standalone Financial Statements; to consider adoption of Consolidated Financial Statements; to consider confirmation of payment of the Interim Dividend and consideration of Final Dividend for FY22; and to consider appointment of Director retiring by rotation.

Neutral

Macquarie Group Limited, India Fintech Days, Jun 20, 2022 through Jun 21, 2022

2022-05-05 02:43:00

Macquarie Group Limited, India Fintech Days, Jun 20, 2022 through Jun 21, 2022. Venue: Mumbai, India.

Positive

Angel One Limited, 2.25 (INR), Cash Dividend, May-23-2022

2022-04-21 00:00:00

Angel One Limited, 2.25 (INR), Cash Dividend, May-23-2022

Positive

Angel One Limited Approves to Propose Final Dividend for the Financial Year 2021-22

2022-04-20 14:37:00

Angel One Limited at its board meeting held on April 20, 2022 approved and recommended the Final Dividend of INR 2.25 per equity share i.e. for the financial year 2021-22. The dividend, if approved by the members of the Company at the upcoming Annual General Meeting ("AGM") will be paid within 30 days from date of AGM.

Neutral

Angel One Limited to Report Q4, 2022 Results on Apr 20, 2022

2022-04-04 13:52:00

Angel One Limited announced that they will report Q4, 2022 results on Apr 20, 2022

Neutral

Angel One Limited, Q4 2022 Earnings Call, Apr 21, 2022

2022-04-04 13:52:00

Angel One Limited, Q4 2022 Earnings Call, Apr 21, 2022

Neutral

Angel One Limited, Board Meeting, Apr 20, 2022

2022-04-04 13:52:00

Angel One Limited, Board Meeting, Apr 20, 2022, at 15:45 Indian Standard Time. Agenda: To consider and approve the Audited Financial Results for the quarter and year ended March 31, 2022; and to consider the matter pertaining to recommendation of final dividend, if any to the shareholders for the financial year 2021 to 2022; and to consider the other matters.

Neutral

Angel One Limited, Board Meeting, Apr 01, 2022

2022-04-01 17:02:00

Angel One Limited, Board Meeting, Apr 01, 2022.

Positive

Angel One Limited Announces 4th Interim Dividend for the Financial Year 2021-22, Payable on or Before April 30, 2022

2022-04-01 11:08:00

Angel One Limited announced that the Board of Directors of the Company by way of circular resolution dated April 1, 2022 approved declaration of 4th interim dividend for the financial year 2021-22 at the rate of INR 7.00 per equity share of face value of INR 10 per share of the Company, as on the record date. The dividend shall be paid on or before April 30, 2022 to those members, whose names appear on the Register of members or in records of depositories as beneficial owners of the shares as on April 11, 2022, which is the record date fixed for the purpose.

Positive

Angel One Limited, 7.00 (INR), Cash Dividend, Apr-08-2022

2022-03-25 00:00:00

Angel One Limited, 7.00 (INR), Cash Dividend, Apr-08-2022

Neutral

Angel One Limited - Special Call

2022-02-08 08:04:00

Angel One Limited - Special Call

Positive

Angel One Limited Declares Third Interim Dividend for the Financial Year 2021-22, Payable on or Before February 15, 2022

2022-01-17 13:03:00

Angel One Limited declared as third Interim dividend for the Financial Year 2021-22 at the rate of INR 7 per share on equity shares of face value of INR 10/- per share, as on the Record date, of the Company. Further, as already intimated, the Record Date for determining eligibility of shareholders for payment of the said Interim Dividend, as declared by the Board of Directors shall be January 25, 2022. The dividend shall be paid on or before February 15, 2022.

Positive

Angel One Limited, 7.00 (INR), Cash Dividend, Jan-24-2022

2022-01-04 00:00:00

Angel One Limited, 7.00 (INR), Cash Dividend, Jan-24-2022

Neutral

Angel One Limited Approves the Alteration of Object Clause of Memorandum of Association of the Company

2021-12-13 12:39:00

Angel One Limited Approved the alteration of object clause of Memorandum of Association of the Company.

Neutral

Angel One Limited - Shareholder/Analyst Call

2021-12-07 04:54:00

Angel One Limited - Shareholder/Analyst Call

Fundamental Summary

At a high level, the metrics from Angel One's Q1 financial report release provided many positive indicators. Their growth, value, and income factors performance indicate that company management is focused on the right targets and executing well. This relative strength should allow Angel One to continue to perform well even in a tough market. As such, Angel One received an overall score of 86 and a BUY recommendation.

Angel One reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 7,459.16 million compared to INR 5,361.28 million a year ago. Net income was INR 2,135.55 million compared to INR 1,341.97 million a year ago. Basic earnings per share from continuing operations was INR 25.64 compared to INR 16.28 a year ago. Diluted earnings per share from continuing operations was INR 25.09 compared to INR 15.99 a year ago. Basic earnings per share was INR 25.64 compared to INR 16.27 a year ago. Diluted earnings per share was INR 25.08 compared to INR 15.98 a year ago.For the six months, revenue was INR 14,303.73 million compared to INR 10,083.78 million a year ago. Net income was INR 3,950.6 million compared to INR 2,555.64 million a year ago. Basic earnings per share from continuing operations was INR 47.53 compared to INR 31.08 a year ago. Diluted earnings per share from continuing operations was INR 46.49 compared to INR 30.53 a year ago. Basic earnings per share was INR 47.51 compared to INR 31.07 a year ago. Diluted earnings per share was INR 46.48 compared to INR 30.51 a year ago.

Sector Overview

Angel One is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Angel One's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Price to Book 8.0 7.4% 90
Equity 15.8B 21.4% 70
Total Revenues 22.3B 13.4% 43
Parameter Value Change Score
Return on Equity 46.0 1.1% 84
* All values are TTM

The below chart reflects Angel One's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Angel One's peer average final assessment score stands on 72, Angel One's score is 86.

  •  543235
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Indian Energy Exchange Limited 132.4B 94 77 80
Strong Buy
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99 0 1
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Hold
63
63 1 1
Tata Investment Corporation Limited 118.8B 90 61 86
Buy
84
84 2 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 3 1
JM Financial Limited 71.1B 77 69 78
Buy
79
79 4 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 5 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 6 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 7 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 8 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 9 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 10 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 11 1
HDFC Asset Management Company Limited 466.5B 79 66 71
Hold
77
77 12 1
CRISIL Limited 213.7B 76 82 72
Buy
81
81 13 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 14 1
Nippon Life India Asset Management Limited 169.0B 77 68 76
Hold
77
77 15 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 16 1
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 17 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 18 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 19 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 20 1
BSE Limited 78.2B 79 71 83
Buy
83
83 21 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 22 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 23 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 24 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 25 1

Macro Environment

Neutral
69

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Angel One Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Angel One Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Angel One Limited macro environment with the score of 69.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Angel One's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Angel One's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 73.

Bullish 73
Close Price 1598.5
52W Low 1016.75
52W High 1952.65
5D MA 1557.92
50D MA 1533.85
200D MA 1444.81
MACD 3.2
RSI 41.98
STOCH 100.0

Balance Sheet Analysis

Angel One appears likely to maintain its strong balance sheet metrics and momentum going forward. Angel One publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 8.0 and represents a 7.4% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its book value factors earned a score of 90. Also, Angel One has done an excellent job managing its liabilities. Angel One's liabilities stood at 56.4B in the current filing, which represents a nan% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. The company's liabilities movement component, therefore, received a grade of 76. On the other hand, Assets, jumped out as looking problematic. Mediocre performance in terms of assets could drop the bar on expectations for Angel One's future attractiveness, as they changed to 72.2B in the latest filing. This works out to a nan% change from the last period. Angel One's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on Angel One's stock price. Consequently, their asset movement received a grade of 56. Therefore, it received a score of 84.

Parameter Value Change Score
Price to Book 8.0 7.4% 90
Equity 15.8B 21.4% 70
* All values are TTM

The below chart describes Angel One's performance as reflected on its balance sheet with respect to its peers. While Angel One received a balance sheet score of 84, the average of its peers stands on 72.

  •  543235
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Indian Energy Exchange Limited 132.4B 95.0 40.0 88.0 81.0 89.0 94 0 1
IDFC Limited 131.1B 82.0 62.0 64.0 65.0 69.0 74 1 1
Tata Investment Corporation Limited 118.8B 93.0 44.0 66.0 79.0 88.0 90 2 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 3 1
JM Financial Limited 71.1B 76.0 58.0 52.0 79.0 79.0 77 4 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 5 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 6 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 7 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 8 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 9 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 10 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 11 1
HDFC Asset Management Company Limited 466.5B 75.0 53.0 51.0 74.0 83.0 79 12 1
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 13 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 14 1
Nippon Life India Asset Management Limited 169.0B 74.0 56.0 47.0 86.0 79.0 77 15 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 16 1
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 17 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 18 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 19 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 20 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 21 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 22 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 23 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 24 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 25 1

Income Statement Analysis

Angel One appears likely to maintain its strong income statement metrics, especially Return Factors. Angel One's reported return on equity (ROE) ratio was 46.0, representing a change of 1.1%. Its return factor metrics are even more remarkable when compared to their peers. Consequently, their return factors received a grade of 84. That said, one metric, Revenue Efficiency, stood out as strongly negative. Angel One's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. This metric might have a 5.6 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. Its revenue efficiency, therefore, received a grade of 43. their income statement received an overall score of 72.

Parameter Value Change Score
Total Revenues 22.3B 13.4% 43
Return on Equity 46.0 1.1% 84
* All values are TTM

The below chart describes Angel One's performance as reflected on its income statement with respect to its peers. While Angel One received a income statement score of 72 , the average of its peers stands on 71.

  •  543235
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Indian Energy Exchange Limited 132.4B 50.0 87.0 66.0 77 0 1
IDFC Limited 131.1B 49.0 68.0 47.0 48 1 1
Tata Investment Corporation Limited 118.8B 41.0 69.0 58.0 61 2 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 3 1
JM Financial Limited 71.1B 48.0 68.0 77.0 69 4 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 5 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 6 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 7 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 8 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 9 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 10 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 11 1
HDFC Asset Management Company Limited 466.5B 57.0 75.0 57.0 66 12 1
CRISIL Limited 213.7B 58.0 86.0 77.0 82 13 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 14 1
Nippon Life India Asset Management Limited 169.0B 59.0 75.0 59.0 68 15 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 16 1
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 17 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 18 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 19 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 20 1
BSE Limited 78.2B 59.0 69.0 78.0 71 21 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 22 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 23 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 24 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 25 1

Cash Flow Analysis

Taking a comprehensive view of Angel One's cash flow statement, especially relative to their peers, Angel One looks likely to be able to maintain modest momentum. Angel One did a great job related to free cash flow this period, which stood at 59.1, representing a nan% change from the previous filing. This parameter could affect companies in the same industry and market capitalization by up to 7.6%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. The company's free cash flow movement, therefore, received a grade of 93. Also, Angel One's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Angel One recorded CapEx of -690.8M, which represents nan% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Consequently, their CapEx movement received a grade of 67. On the other hand, Asset Turnover, jumped out as looking rather underwhelming. Asset turnover metrics during this period were surprisingly weak. Their reported asset turnover metrics of 0.4, which represents a nan% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.4%. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Correspondingly, their asset turnover movement received a grade of 47. The company's cash flow received an overall score of 71.

Parameter Value Change Score
* All values are TTM

The below chart describes Angel One's performance as reflected on its cash flow with respect to its peers. While Angel One received a cash flow score of 71, the average of its peers stands on 62.

  •  543235
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Indian Energy Exchange Limited 132.4B 75.0 46.0 93.0 88.0 80 0 1
IDFC Limited 131.1B 59.0 76.0 82.0 43.0 68 1 1
Tata Investment Corporation Limited 118.8B 78.0 58.0 84.0 88.0 86 2 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 3 1
JM Financial Limited 71.1B 69.0 68.0 69.0 88.0 78 4 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 5 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 6 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 7 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 8 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 9 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 10 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 11 1
HDFC Asset Management Company Limited 466.5B 74.0 61.0 81.0 49.0 71 12 1
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 13 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 14 1
Nippon Life India Asset Management Limited 169.0B 78.0 59.0 89.0 50.0 76 15 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 16 1
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 17 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 18 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 19 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 20 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 21 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 22 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 23 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 24 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 25 1

This report, prepared and provided by Deshe Labs Ltd ("Deshe"), is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used, construed, or considered as financial or investment advice, an offer, a solicitation of any offer, a recommendation, or an offer to invest in, sell or buy the securities mentioned in this report or other form of a financial asset or as a marketing communication under FCA Rules. For the full disclaimer, click here.