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ANANDRATHI - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.9

Last Updated Time : 04 May 26, 11:57 am

Fundamental Rating: 3.9

Stock Code ANANDRATHI Market Cap 29,901 Cr. Current Price 3,602 ₹ High / Low 3,735 ₹
Stock P/E 76.4 Book Value 123 ₹ Dividend Yield 0.36 % ROCE 57.5 %
ROE 45.3 % Face Value 5.00 ₹ DMA 50 3,317 ₹ DMA 200 2,939 ₹
Chg in FII Hold -0.88 % Chg in DII Hold -0.35 % PAT Qtr 102 Cr. PAT Prev Qtr 99.8 Cr.
RSI 68.4 MACD 115 Volume 2,12,806 Avg Vol 1Wk 2,03,742
Low price 1,637 ₹ High price 3,735 ₹ PEG Ratio 2.35 Debt to equity 0.08
52w Index 93.6 % Qtr Profit Var 41.1 % EPS 47.2 ₹ Industry PE 54.5

📊 Financials: ANANDRATHI demonstrates strong profitability with ROE at 45.3% and ROCE at 57.5%, reflecting excellent capital efficiency. Debt-to-equity ratio of 0.08 highlights a healthy balance sheet. EPS of ₹47.2 supports earnings strength, with PAT growth stable (₹102 Cr. vs ₹99.8 Cr.).

💹 Valuation: Current P/E of 76.4 is significantly above industry average (54.5), suggesting overvaluation. PEG ratio of 2.35 indicates stretched valuations relative to growth. P/B ratio (~29.3) is extremely high compared to book value ₹123, limiting intrinsic value comfort.

🏢 Business Model: ANANDRATHI operates in financial services, benefiting from strong demand in wealth management and advisory. Competitive advantage lies in profitability metrics and efficient capital use. However, valuation premiums reduce margin of safety.

📈 Entry Zone: Ideal accumulation range is ₹3,400–₹3,500, near DMA 50 (₹3,317). Current price ₹3,602 is slightly above fair entry zone, making staggered buying advisable.

📌 Long-Term Holding: Suitable for long-term investors (3–5 years). Strong fundamentals support holding, but stretched valuations require cautious accumulation and partial profit booking near ₹3,700–₹3,750 resistance.


Positive

  • Strong ROE (45.3%) and ROCE (57.5%)
  • Low debt-to-equity ratio (0.08)
  • EPS of ₹47.2 reflects earnings strength
  • Stable PAT growth and strong profitability metrics

Limitation

  • High P/E (76.4) vs industry average (54.5)
  • PEG ratio of 2.35 indicates stretched valuations
  • P/B ratio (~29.3) far above intrinsic value
  • Institutional holdings declining (FII -0.88%, DII -0.35%)

Company Negative News

  • Decline in institutional holdings (FII and DII)

Company Positive News

  • Quarterly profit variation (+41.1%) highlights strong momentum
  • Stock trades above DMA 50 and DMA 200, showing bullish trend

Industry

  • Financial services sector supported by rising demand in wealth management
  • Industry P/E at 54.5, lower than company’s valuation

Conclusion

ANANDRATHI is a fundamentally strong candidate with excellent profitability and low leverage, but valuations are stretched. Entry is recommended near ₹3,400–₹3,500 for margin of safety. Long-term investors can hold with a 3–5 year horizon, booking partial profits near ₹3,700–₹3,750 resistance levels.

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