ANGELONE · NSE · Stockbroking & Allied
Angel One Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
fair
low confidence
No valuation within 120 days; P/E 25.7 vs peers 25.5 (5th of 9); P/B 3.3 vs peers 2.8 (5th of 8).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is Angel One's share price today?
Angel One last traded at ₹302.25 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 3.5% on the day, up 24.8% over a year. Its 52-week range is ₹209 to ₹360. The live price is in the app.
₹302.25
+3.5% today
+24.8% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
59 month-end closes, 30 Nov 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range62% of the way up
Low ₹209High ₹360
What is Angel One's market cap?
Angel One's market capitalisation is about ₹26,706 crore: what it would cost to buy every share at today's price. That makes it the 56th largest small cap company we cover.
₹26,706 Cr
Small Cap56th largest small cap company
Share price₹302.25
×
Shares in issue88 crore
=
Market cap₹26,706 Cr
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: ANGELONE
- ISIN
- INE732I01021
- Cap bucket
- Small Cap, 56th largest by market cap
- Industry (NSE)
- Financial Services › Capital Markets › Stockbroking & Allied
- Listed since
- 2020
- Futures and options
- Traded
Is Angel One overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 25.7 vs peers 25.5 (5th of 9); P/B 3.3 vs peers 2.8 (5th of 8).
Valuation
Latest price and trailing 12 months
P/E
25.71
vs peers 25.5 · 5th of 9
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
3.34
vs peers 2.8 · 5th of 8
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹26,706 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
10.9%
vs peers 1.2% · 1st of 6
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is Angel One a quality business?
WATCH on 12 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
Not available
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
WATCH
12 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: consolidated accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; cost to income is operating expenses over net interest income plus other income; ROA over average total assets; ROE over average equity; not a lender: no NIM, asset quality, credit cost or loan growth
Net interest margin
Not available
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
Not available
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
73.0%
vs peers 59.2% · 8th of 9
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
4.5%
vs peers 5.8% · 7th of 9
Profit as a share of average total assets. Learn more →
CET1 ratio
Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has Angel One made money for shareholders?
Yes: +24.8% over one year.
Shareholder returns
5-year return
Not available
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
Not available
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+2.4%1M
−1.9%3M
−14.2%6M
+4.1%1Y
+24.8%3Y
+2.0%5Y
—— not available
Does Angel One pay a dividend?
Yes. Angel One's dividend yield is 10.88% at the latest price; the last payout was ₹1.00 a share, ex-dividend 21 Jul 2026.
Dividends
Per share, by ex-dividend date
Dividend yield10.88%
The past 12 months' dividends as a share of today's price.
21 Jul 2026 · Interim 1₹1.00
27 Mar 2026 · Interim 2₹1.75
21 Jan 2026 · Interim 1₹2.30
30 May 2025 · Final₹2.60
20 Mar 2025 · Interim 2₹1.10
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is Angel One growing?
Revenue 3 years 19.5% a year; eps 3 years -1.9% a year; revenue 5 years 18.8% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
19.5% a year
vs peers 28.7% · 8th of 9
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
-1.9% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
18.8% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
68.6% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did Angel One do last quarter?
Angel One reported income of ₹1,434 Cr, down 1.9% on a year earlier and a net profit of ₹231 Cr, down 21.9% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹1,434 Cr
−1.9% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹231 Cr
−21.9% on a year earlier
What was left for shareholders after every cost and tax.
How does Angel One compare with its peers?
Compared with 8 Stockbroking & Allied; 5th of 9 on P/E.
Compared with 8 Stockbroking & Allied
8 companies
- Angel One Ltd (this page)
- Billionbrains Garage Ventures Ltd
- Motilal Oswal Financial Services Ltd
- 360 ONE WAM Ltd
- Nuvama Wealth Management Ltd
- IIFL Capital Services Ltd
- Share India Securities Ltd
- Anand Rathi Share & Stock Brokers Ltd
- Monarch Networth Capital Ltd
Angel One against its peers
Largest 8 of 8 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Angel One Ltd₹26,706 Cr25.73.317.3%+24.8%
Motilal Oswal Financial Services Ltd₹61,865 Cr31.24.812.2%+2.2%
360 ONE WAM Ltd₹42,749 Cr33.75.76.1%−4.8%
IIFL Capital Services Ltd₹10,840 Cr18.72.821.4%+11.9%
Share India Securities Ltd₹3,998 Cr11.01.114.2%+30.8%
Anand Rathi Share & Stock Brokers Ltd₹3,403 Cr21.41.914.2%+19.4%
Monarch Networth Capital Ltd₹2,673 Cr14.82.120.9%+7.7%
Peer median—25.52.817.5%+15.7%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns Angel One?
Angel One is held by promoters 28.6%, foreign institutions 13.8%, domestic institutions 20.4%.
Shareholding pattern
Latest filing, percent of shares
Promoters28.6%
The founders and controlling group.
Foreign institutions13.8%
Overseas funds investing through the FPI route.
Domestic institutions20.4%
Indian insurers, banks, pension and mutual funds together.
Mutual funds18.3%
Indian mutual fund schemes; part of domestic institutions.
Retail and others11.1%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about Angel One?
10 analysts cover Angel One, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
10 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does Angel One do and what is it sensitive to?
Angel One Limited sells trading and broking, depository, margin funding and third-party distribution products through its “Angel One” Super App to about 31 million clients. Sensitive to: trading activity and geopolitics.
Business-model card
FY2025 · 41 verified
4Revenue
3Channels
2Regulators
4Reg. dependencies
5Sensitivities
5Costs
0Geographies
Angel One Limited sells trading and broking, depository, margin funding and third-party distribution products through its “Angel One” Super App to about 31 million clients. It earns mainly brokerage fees and auxiliary financial-service fees, with interest income on margin funding and fixed deposits.
Revenue engine
4 verified
Brokerage Services (Securities and Commodities Brokerage Services) (63.8%)
Brokerage on securities and commodities trades. Interpretation: fee income depends on client trading volume.
Other services auxiliary to financial services (36.2%)
Second product line in the NIC table. Interpretation: the excerpt does not break this line down further.
Interest on margin trading fund and other facilities
Interest earned on funds lent to clients for margin trading, shown as a financial-asset interest line.
1 more statement
Depository Operations
Managing clients' securities in electronic form, as listed among products and services.
Customers & channels
3 verified
Retail and HNI clients on the Super App
The company serves a base of about 31 million clients, including individuals, salaried professionals and HNIs.
Direct business
Clients acquired directly through digital channels, growing via performance marketing, organic growth and referrals.
Authorised Persons and other partners (assisted business)
Partners such as Authorised Persons and Mutual Fund Distributors that serve clients on the company's platform.
Regulators
2 verified
Securities and Exchange Board of India (SEBI)
Sets index derivatives rules and other market regulation that changes the company's trading-linked revenue and pricing.
Reserve Bank of India (NBFC status)
Company states it is not registered as an NBFC under RBI law, so NBFC ratio disclosures do not apply.
Regulatory dependencies
4 verified
Index derivatives extreme loss margin
Interpretation: an added margin on short options raises capital needed by sellers and can reduce options trading volume and brokerage.
Weekly index derivatives expiry rationalisation
Interpretation: fewer weekly expiry products change the number of contracts that clients can trade, affecting F&O turnover.
Regulatory pass-through charges (STT, IPFT, exchange turnover, CDSL)
Company states it aligned pricing to regulatory changes in these charges, so changes in them are passed into its pricing.
1 more statement
Strategic pricing adjustments
Company states it changed pricing after permanent diminution of certain revenue streams. Interpretation: price changes move brokerage revenue directly.
Sensitivities
5 verified
Trading activity and geopolitics
Economic slowdowns, recessions or geopolitical uncertainty reduce trading activity and brokerage revenue, so revenue falls when they rise.
Interest rates on floating-rate borrowings
A 50 basis point rise reduces profit before tax by 110.05 million at 31 March 2025, per the sensitivity table.
Floating-rate borrowing share
Variable rate borrowings were 65% of total borrowings including debt securities at 31 March 2025, so rate moves hit cost of funds.
2 more statements
Oil prices and macro stability
Interpretation: the excerpt flags oil price volatility as a fiscal risk, which could weigh on trading activity.
Client preference shifts
Shifts in client preferences could reduce demand for brokerage services, so brokerage falls if preferences move away.
Cost inputs
5 verified
Advertisement and publicity
Marketing and client acquisition spend, linked to digital acquisition. Interpretation: rises with acquisition push.
Software connectivity license/maintenance expenses
Software licence and maintenance costs in other expenses, a large cost line for the platform.
Salaries and wages
Employee cost line in the standalone statements, including the employee stock option expense in the same note.
2 more statements
Exchange and statutory charges
Charges paid to exchanges and statutory bodies as an expense line. Interpretation: linked to trading volumes and regulatory charge rates.
Co-located data centres
Data centre services are provided by a third-party service provider at two co-located sites.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (15 Jul 2026).
Change log
6 entries · newest first
- Results filedQ1 FY2027 results filed.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsWATCH on 12 of 22 lender flags judged; 1 red; 10 could not be judged.
- Data gapsPEG (vendor), PEG on our 3-year EPS growth, Business quality, Quality score, Net interest margin, Gross NPA and 11 more: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓59 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 41 verified
Questions people ask
What is Angel One's share price today?
Angel One last traded at ₹302.25 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 3.5% on the day, up 24.8% over a year. Its 52-week range is ₹209 to ₹360. The live price is in the app.
What is Angel One's market cap?
Angel One's market capitalisation is about ₹26,706 crore: what it would cost to buy every share at today's price. That makes it the 56th largest small cap company we cover.
Is Angel One Ltd a large cap, mid cap or small cap?
Angel One Ltd (ANGELONE) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is Angel One Ltd's P/E ratio?
25.71, vs peers 25.5 · 5th of 9. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is Angel One Ltd overvalued?
Fair, with low confidence: no valuation within 120 days; P/E 25.7 vs peers 25.5 (5th of 9); P/B 3.3 vs peers 2.8 (5th of 8).
How does Angel One Ltd make money?
Angel One Limited sells trading and broking, depository, margin funding and third-party distribution products through its “Angel One” Super App to about 31 million clients. It earns mainly brokerage fees and auxiliary financial-service fees, with interest income on margin funding and fixed deposits.
Why is there no Altman Z or debt to equity for Angel One?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are Angel One Ltd's peers?
Compared with 8 Stockbroking & Allied: Billionbrains Garage Ventures Ltd, Motilal Oswal Financial Services Ltd, 360 ONE WAM Ltd, Nuvama Wealth Management Ltd, IIFL Capital Services Ltd and 3 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did Angel One do last quarter?
Angel One reported income of ₹1,434 Cr, down 1.9% on a year earlier and a net profit of ₹231 Cr, down 21.9% in the Jun 2026 quarter.
Who owns Angel One?
Angel One is held by promoters 28.6%, foreign institutions 13.8%, domestic institutions 20.4%.
Does Angel One pay a dividend?
Yes. Angel One's dividend yield is 10.88% at the latest price; the last payout was ₹1.00 a share, ex-dividend 21 Jul 2026.
What do analysts say about Angel One?
10 analysts cover Angel One, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.