ANGELONE - Fundamental Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Fundamental Rating: 3.9

Let’s zoom into Angel One Ltd. (ANGELONE) — a well-known brokerage and fintech platform with excellent return metrics, strong brand equity, but current headwinds in profitability and technical momentum.

💼 Core Financials

Profitability

EPS: ₹110 — strong earning capability in absolute terms.

ROE: 27.1% & ROCE: 25.8% — very healthy returns, reflective of a highly efficient capital structure.

Quarterly PAT: Down from ₹175 Cr to ₹114 Cr (-60.9%) — a sharp contraction that warrants caution.

Debt & Dividend

Debt-to-Equity: 0.61 — reasonable for the sector, though higher than ideal for a cash-flow business.

Dividend Yield: 1.82% — attractive for income-seeking investors.

📊 Valuation Metrics

Indicator Value Viewpoint

P/E Ratio 24.0 Above industry avg (15.4), but justified by premium returns

P/B Ratio ~4.22 Moderately priced vs Book Value ₹623

PEG Ratio 1.03 ⚖️ Fairly aligned with earnings expectations

Intrinsic Value ❌ Slightly Below CMP Suggests mild overvaluation at current levels

🧠 Business Model & Edge

Operates in online broking, margin trading, and advisory services, with tech-focused client acquisition and app-based engagement.

Customer base skewed toward retail and millennial investors, giving it scale but also vulnerability in volatile markets.

Strong brand recall and digital platform sophistication help retain and upsell across verticals.

FII ↑ 1.61%, DII ↑ 2.16% — positive institutional flow despite PAT drop.

📉 Technical Health

RSI: 39.6 — nearing oversold territory; momentum weak.

MACD: -46.4 — bearish signal; trend reversal awaited.

CMP (₹2,632) trading below DMA 50 & DMA 200 — signs of downward pressure.

Currently ~25% off recent highs — room for recovery if fundamentals stabilize.

🎯 Entry Zone & Long-Term Guidance

Entry Zone: ₹2,400–₹2,500 — attractive if price dips further on weak sentiment.

Long-Term View

Structural strength in digital broking remains solid.

Watch quarterly profit rebound and cost efficiency.

Long-term holding is recommended only if PAT stabilizes and customer growth remains sticky.

Key risks: market cyclicality, regulatory shifts, compression in brokerage margins.

Would you like me to rank Angel One against other fintechs like Groww (if listed), Paytm, or CDSL for comparative clarity on valuation and strategic fit? I can sketch out a quick matrix for you 📊🔎.

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