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ANANDRATHI - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 4.0

Stock Code ANANDRATHI Market Cap 25,392 Cr. Current Price 3,061 ₹ High / Low 3,324 ₹
Stock P/E 70.2 Book Value 100 ₹ Dividend Yield 0.34 % ROCE 54.0 %
ROE 42.7 % Face Value 5.00 ₹ DMA 50 3,048 ₹ DMA 200 2,795 ₹
Chg in FII Hold 1.10 % Chg in DII Hold 0.72 % PAT Qtr 99.8 Cr. PAT Prev Qtr 97.2 Cr.
RSI 49.0 MACD 15.6 Volume 1,12,883 Avg Vol 1Wk 1,76,760
Low price 1,600 ₹ High price 3,324 ₹ PEG Ratio 2.13 Debt to equity 0.10
52w Index 84.8 % Qtr Profit Var 31.8 % EPS 43.6 ₹ Industry PE 45.4

📊 Financials

  • Revenue & Profitability: PAT improved from ₹97.2 Cr. to ₹99.8 Cr., showing steady growth. EPS at ₹43.6 reflects strong earnings capacity.
  • Margins & Returns: ROCE at 54.0% and ROE at 42.7% are excellent, highlighting superior efficiency and profitability.
  • Debt & Liquidity: Debt-to-equity ratio of 0.10 indicates very low leverage, ensuring financial resilience.
  • Cash Flow: Dividend yield of 0.34% provides modest shareholder returns.

💹 Valuation

  • P/E Ratio: 70.2 vs Industry PE of 45.4 — trading at a significant premium.
  • P/B Ratio: Current price ₹3,061 vs Book Value ₹100 — ~30.6x book value, very expensive.
  • PEG Ratio: 2.13 — suggests stretched valuation relative to growth.
  • Intrinsic Value: Current price is above fair value, offering limited margin of safety.

🏢 Business Model & Competitive Advantage

  • Strong presence in wealth management and financial services.
  • High ROCE and ROE reflect operational excellence and competitive strength.
  • Low debt enhances resilience and flexibility for expansion.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Reasonable accumulation range between ₹2,800 – ₹3,000, closer to DMA 50 support.
  • Long-Term Holding: Strong fundamentals and industry tailwinds make it a good candidate for long-term holding, though valuations are stretched. Accumulate on dips.

✅ Positive

  • Excellent ROCE (54%) and ROE (42.7%) highlight superior efficiency.
  • Debt-to-equity ratio of 0.10 ensures financial stability.
  • FII holdings increased by 1.10% and DII holdings by 0.72%, showing strong institutional confidence.

⚠️ Limitation

  • Valuation multiples (P/E, P/B, PEG) suggest overvaluation.
  • Dividend yield of 0.34% is low, limiting income appeal.
  • Premium valuation compared to industry average PE.

📉 Company Negative News

  • High P/E ratio (70.2) compared to industry average (45.4).
  • Stock trading near resistance levels, with limited upside in short term.

📈 Company Positive News

  • Quarterly PAT growth highlights consistent earnings trajectory.
  • Strong institutional confidence with both FII and DII holdings increasing.
  • MACD positive (15.6) indicates bullish technical momentum.

🏭 Industry

  • Financial services sector benefits from rising wealth management demand and capital market growth.
  • Industry PE at 45.4 is lower than company’s valuation, highlighting premium pricing for ANANDRATHI.

🔎 Conclusion

ANANDRATHI demonstrates strong fundamentals with excellent efficiency, low debt, and consistent earnings growth. However, valuations are stretched, trading at a significant premium compared to industry peers. Best strategy: accumulate cautiously near ₹2,800–₹3,000 and hold for long-term gains, leveraging industry growth and the company’s competitive strength.

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