Anand Rathi Wealth share price
NSE: ANANDRATHIBSE: 543415Capital MarketsSmall Cap
Anand Rathi Wealth Limited · Face value ₹5 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Dec 2021 · Issue price ₹550
Last close ₹2,264.60up ₹5.60 (0.25%)BSE ₹2,275.95
Share price at the NSE close on 28 Oct 2026. Previous close ₹2,259.00.
28 Oct: open ₹2,258.90, high ₹2,290.00, low ₹2,248.20
52-week range of traded prices to 28 Oct 2026
₹1,353.85Low, 27 Jan 2026₹2,290.00High, 28 Oct 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹37,602 Cr287th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 82.71
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 29.30
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.33%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 43.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 30.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,68,62854.0% delivered
About Anand Rathi Wealth
Anand Rathi Wealth Limited is a Mumbai-based private wealth firm that advises wealthy (high-net-worth) and very wealthy (ultra-high-net-worth) families in India and abroad.12 It builds their portfolios mainly from mutual funds and structured products (investments whose returns are linked to a market index), and focuses only on wealth solutions.34 It is registered with AMFI, the mutual fund industry body, as a mutual fund distributor.1
Its Private Wealth business brings in the majority of its revenue and profit.5 Digital Wealth serves mass-affluent investors (those investing ₹10 lakh to ₹5 crore), and the Omni Financial Advisor (OFA) platform offers software by subscription to mutual fund distributors and independent financial advisers.6 In its accounts it reports a single business segment: the distribution and sale of financial products in India.7
Anand Rathi Wealth has a presence in Dubai, a London subsidiary authorised by the UK's Financial Conduct Authority (FCA), and a GIFT City subsidiary set up to manage alternative investment funds (pooled funds for wealthy investors).18 It was incorporated in 1995, started as a mutual fund distributor in 2002 and listed on BSE and NSE in December 2021.2910 It is part of the Anand Rathi Group, founded by its chairman, Anand Nandkishore Rathi.21112 The promoter group held 43.11% of the shares at 31 March 2026; the largest holders were Anand Rathi Financial Services Limited, with 19.92%, and Anand Nandkishore Rathi, with 9.97%.1314 Rakesh Rawal is whole-time director and chief executive, and Feroze Azeez is joint chief executive.12
Anand Rathi Wealth key points
Results
- In the quarter to Sep 2026, Anand Rathi Wealth's consolidated total revenue was ₹356.6 crore, up 16.1%, and profit after tax ₹121.9 crore, up 22.2%, excluding fair value gains on investments (changes in their market value), ESOP (employee share option) costs and related tax.15
- Including fair value gains on investments, ESOP costs and related tax, as the company presents them, Anand Rathi Wealth's consolidated profit after tax for the quarter to Sep 2026 was ₹89.3 crore, down 10.6%; employee costs rose 50.1% to ₹187.6 crore.16
- Excluding fair value gains on investments, ESOP costs and related tax, Anand Rathi Wealth's consolidated total revenue for the half year to Sep 2026 was ₹693.0 crore, up 17.2%, and profit after tax ₹237.8 crore, up 22.8%.15
- In the year to Mar 2026, consolidated revenue was ₹1,253.11 crore and profit after tax ₹397.17 crore as reported; excluding fair value gains, ESOP costs and related tax, total income was ₹1,198.49 crore, up 22.3%, and profit ₹385.73 crore, up 28.4%.17
Market position
Revenue mix
Client assets and net inflows
- Anand Rathi Wealth's assets under management (AUM, the client money it oversees) by product, ₹ crore2223
Item end of Sep 2026 end of Sep 2025 Mutual funds, equity and debt 61,159 52,943 Structured products 27,896 25,026 Others 19,322 13,600 Total 1,08,377 91,568 - Share of Anand Rathi Wealth's AUM by the size of each client's AUM with it24
Item end of Sep 2026 ₹50 crore and above 31.0% ₹5 crore to ₹50 crore 49.6% ₹50 lakh to ₹5 crore 19.4% - Anand Rathi Wealth's net inflows in the quarter to Sep 2026 were ₹4,186 crore, up 39% from a year earlier and the highest in its 20 years, and equity mutual fund net inflows a quarterly high of ₹2,867 crore, also up 39%.25
Advisers and clients
- On its earnings call of 12 Oct 2026, Anand Rathi Wealth said its private wealth business had 14,309 client families, a net 1,500 more than 12 months earlier, and 431 relationship managers (client advisers).2627
- Anand Rathi Wealth's Digital Wealth business had AUM of ₹2,531 crore at the end of September 2026, up 14% from a year earlier, and 7,584 clients, up 15%.26
Client portfolios
- Anand Rathi Wealth says its ARWL Strategy portfolio grew 14.81% a year (compound annual growth rate) from inception to September 2026, against 10.49% for the Nifty 50, with a Jensen's alpha (return above what its market risk would predict) of 5.97%.28
- On its call of 12 Oct 2026, Anand Rathi Wealth said no structured product it has issued since December 2012 has lost money at maturity; this year some returned 6% to 7% a year, not the full 14% to 15%.29
What the company expects
- On its earnings call of 12 Oct 2026, the company said its guidance for the year to Mar 2027, excluding fair value gains and ESOP costs, is revenue of ₹1,415 crore and profit after tax ₹460 crore; the first half delivered 49% and 52% respectively.3031
- On its earnings call of 12 Oct 2026, the company said it targets AUM of ₹1.2 lakh crore for the year to Mar 2027, its most volatile guidance, and net inflows of ₹6,000 crore to ₹8,000 crore over the rest of that year.32
- The company stated in its annual report for the year to Mar 2026 that it expects net profit to grow 20% or more a year, through penetration in existing client families, new clients, new relationship managers and investment returns added to AUM.33
- On its earnings call of 12 Oct 2026, the company said it expected to file for a mutual fund licence by the end of October, for a wholly owned asset management subsidiary, and to launch 2 GIFT City funds within 2 to 3 months.343536
Recent events
- On its earnings call of 12 Oct 2026, Anand Rathi Wealth said its board had declared an interim dividend of ₹4 a share, on the share count after the bonus issue.37
- On 16 Jul 2026, Anand Rathi FME (IFSC) Private Limited received in-principle approval from the International Financial Services Centres Authority (IFSCA) to register as a fund management entity in GIFT City.38
- On 9 Apr 2026, Anand Rathi Wealth's board recommended a 1:1 bonus issue (1 free share for each share held) and a final dividend of ₹7 a share for the year to Mar 2026.39
Last updated
All 39 sources, each with its page
- 1. Annual report, 27 Apr 2026, page 4
- 2. Annual report, 27 Apr 2026, page 25
- 3. Annual report, 27 Apr 2026, page 62
- 4. Annual report, 27 Apr 2026, page 22
- 5. Annual report, 27 Apr 2026, page 60
- 6. Annual report, 27 Apr 2026, page 19
- 7. Annual report, 27 Apr 2026, page 244
- 8. Annual report, 27 Apr 2026, page 28
- 9. Investor presentation, 9 Oct 2026, page 23
- 10. Earnings call, 12 Oct 2026, page 3
- 11. Annual report, 27 Apr 2026, page 67
- 12. Annual report, 27 Apr 2026, page 20
- 13. Annual report, 27 Apr 2026, page 36
- 14. Annual report, 27 Apr 2026, page 97
- 15. Investor presentation, 9 Oct 2026, page 6
- 16. Investor presentation, 9 Oct 2026, page 41
- 17. Annual report, 27 Apr 2026, page 22
- 18. Investor presentation, 9 Oct 2026, page 10
- 19. Investor presentation, 9 Oct 2026, page 10
- 20. Investor presentation, 9 Oct 2026, page 41
- 21. Investor presentation, 9 Oct 2026, page 41
- 22. Investor presentation, 9 Oct 2026, page 41
- 23. Investor presentation, 9 Oct 2026, page 41
- 24. Investor presentation, 9 Oct 2026, page 16
- 25. Earnings call, 12 Oct 2026, page 3
- 26. Earnings call, 12 Oct 2026, page 4
- 27. Earnings call, 12 Oct 2026, page 16
- 28. Investor presentation, 9 Oct 2026, page 18
- 29. Earnings call, 12 Oct 2026, page 6
- 30. Earnings call, 12 Oct 2026, page 3
- 31. Investor presentation, 9 Oct 2026, page 11
- 32. Earnings call, 12 Oct 2026, page 14
- 33. Annual report, 27 Apr 2026, page 24
- 34. Earnings call, 12 Oct 2026, page 12
- 35. Earnings call, 12 Oct 2026, page 13
- 36. Earnings call, 12 Oct 2026, page 19
- 37. Earnings call, 12 Oct 2026, page 3
- 38. Exchange filing, 16 Jul 2026, page 1
- 39. Exchange filing, 9 Apr 2026, page 1
Results
Consolidated; ₹ crore.Anand Rathi Wealth quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +20.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +32.4%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹344 Crup 6.83%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹89 Crdown 45.24%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 25.9%
Revenue by quarter
Peak revenue ₹344 Cr, quarter to Sep 2026; lowest ₹222 Cr, quarter to Mar 2025
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 237 | 222 | 274 | 297 | 290 | 288 | 322 | 344 |
| Net profit | 77 | 74 | 94 | 100 | 100 | 103 | 163 | 89 |
| Net margin | 32.6% | 33.2% | 34.3% | 33.6% | 34.6% | 35.9% | 50.6% | 25.9% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,149 Crup 22.33%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹397 Crup 32.13%
- Net margin
- 34.6%
Revenue by year
Peak revenue ₹1,149 Cr, year to Mar 2026; lowest ₹417 Cr, year to Mar 2022
Net profit by year, a loss in red
| ₹ crore | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 417 | 549 | 724 | 939 | 1,149 |
| Net profit | 127 | 169 | 226 | 301 | 397 |
| Net margin | 30.4% | 30.7% | 31.2% | 32.0% | 34.6% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Sale and Distribution of Financial Products, which carries all its revenue.
Valuation
Today, against the company's own history.Anand Rathi Wealth PE ratio and valuation
Price to earnings
At or below today's level on 99% of 937 trading days since Jan 2023.
LowestHighest
Its median65.36Industry median22.04
Price to book
At or below today's level on 67% of 1,125 trading days since Apr 2022.
LowestHighest
Its median25.23Industry median2.58
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 14% of 1,205 trading days since Dec 2021.
LowestHighest
Its median0.44%Industry median1.06%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +59.2% | +32.0% | +20.2% | 0.4% |
| 3 years | +96.3% | +33.2% | +47.1% | 0.5% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 and 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
105 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 74 of the 84 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 105 funds holding Anand Rathi Wealth
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 8
- AddedAdded. Funds that held more shares than at the end of the month before.
- 57
- CutCut. Funds that held fewer shares than at the end of the month before.
- 27
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 13
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 5
| Fund | |||
|---|---|---|---|
 quant Small Cap Fundquant Mutual Fund | 47,46,834 | 2.83% | ₹1,006.3 Cr |
 SBI Small Cap FundSBI Mutual Fund | 42,00,000 | 2.17% | ₹890.4 Cr |
 Canara Robeco Small Cap FundCanara Robeco Mutual Fund | 10,36,059 | 1.57% | ₹219.6 Cr |
 ICICI Prudential Banking and Financial Services FundICICI Prudential Mutual Fund | 9,00,480 | 1.77% | ₹190.9 Cr |
 DSP Small Cap FundDSP Mutual Fund | 8,10,432 | 0.80% | ₹171.8 Cr |
 Invesco India Small Cap FundInvesco Mutual Fund | 7,97,542 | 1.05% | ₹169.1 Cr |
 Bank of India Small Cap FundBank of India Mutual Fund | 3,60,000 | 2.08% | ₹76.3 Cr |
| Invesco India Flexi Cap FundInvesco Mutual Fund | 2,40,000 | 0.94% | ₹50.9 Cr |
 Tata Nifty Capital Markets Index FundTata Mutual Fund | 1,97,747 | 4.35% | ₹41.9 Cr |
 TRUSTMF Small Cap FundTrust Mutual Fund | 1,52,977 | 0.84% | ₹32.4 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Anand Rathi Wealth insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 563 pledge filings of unclear kind
- Others: no market trade · 107 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Anand Rathi Wealth competitors and peers
Capital Markets, 73 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Anand Rathi Wealth in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Multi Commodity Exchange of IndiaMCX | 81,103 | 52.60 | 28.48 | +110.2% | +136.4% | 65.2% | 63.7% | 0.25% |
 Nippon Life India Asset ManagementNAM-INDIA | 59,044 | 36.52 | 12.38 | +24.3% | +21.1% | 35.3% | 41.4% | 2.38% |
 Motilal Oswal Financial ServicesMOTILALOFS | 58,368 | 29.48 | 4.53 | +14.6% | −28.8% | 16.5% | 11.7% | 0.62% |
 360 ONE WAM360ONE | 42,502 | 34.09 | – | +29.4% | +10.7% | 12.7% | 9.8% | 1.36% |
 Nuvama Wealth ManagementNUVAMA | 32,192 | 29.73 | 7.81 | +12.9% | +5.2% | 28.5% | 15.6% | 1.60% |
 Angel OneANGELONE | 26,747 | 23.15 | 4.01 | +21.3% | +47.7% | 18.5% | 14.8% | 2.21% |
 Central Depository Services (India)CDSL | 25,749 | 54.64 | 13.14 | +8.8% | −4.8% | 25.3% | 26.1% | 1.03% |
 Aditya Birla Sun Life AMCABSLAMC | 25,082 | 25.41 | 6.46 | +5.6% | +1.7% | 26.5% | 26.6% | 2.94% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Anand Rathi Wealth dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹6.50 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 15 Oct 2026 | Interim | ₹4.00 |
| 15 May 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹7.00 |
| 17 Oct 2025 | Interim | ₹6.00 |
| 9 May 2025 | Final | ₹7.00 |
| 18 Oct 2024 | Interim | ₹7.00 |
| 3 Jun 2024 | Final | ₹9.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Anand Rathi Wealth announcements
Oct 2026
22 Oct · Meeting
Anand Rathi Wealth share price by year
Each calendar year to 2025.Anand Rathi Wealth share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,556.20 | +57.8% | 1,613.00 | 826.43 |
| 2024 | 986.01 | +52.1% | 1,130.53 | 641.85 |
| 2023 | 648.43 | +269.7% | 666.90 | 175.81 |
| 2022 | 175.39 | +19.2% | 180.66 | 137.85 |
| 2021 | 147.13 | – | 147.13 | 137.89 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 14 Dec 2021.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 2,222.00 | 2,267.40 | 2,222.00 | 2,259.00 | 2,243.77 | 4,37,149 | 55.0% |
| 26 Oct 2026 | 2,240.00 | 2,240.80 | 2,215.00 | 2,230.00 | 2,228.21 | 3,49,672 | 48.9% |
| 23 Oct 2026 | 2,225.00 | 2,242.00 | 2,214.20 | 2,235.00 | 2,231.04 | 10,76,251 | 50.0% |
| 22 Oct 2026 | 2,198.00 | 2,241.20 | 2,177.40 | 2,223.00 | 2,213.41 | 4,32,982 | 46.7% |
| 21 Oct 2026 | 2,171.10 | 2,200.00 | 2,164.90 | 2,200.00 | 2,178.33 | 7,82,666 | 58.9% |
| 19 Oct 2026 | 2,159.70 | 2,172.00 | 2,143.50 | 2,163.90 | 2,161.13 | 2,35,630 | 55.6% |
| 16 Oct 2026 | 2,147.00 | 2,162.80 | 2,128.50 | 2,159.70 | 2,145.89 | 2,82,475 | 57.6% |
| 15 Oct 2026 | 2,118.00 | 2,145.00 | 2,102.40 | 2,142.60 | 2,130.65 | 3,37,990 | 54.5% |
| 14 Oct 2026 | 2,100.00 | 2,125.00 | 2,088.30 | 2,117.20 | 2,111.46 | 1,73,478 | 39.0% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 3 Jun 2026 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 5 Mar 2025 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- NSE symbol
- ANANDRATHI
- BSE code
- 543415
- ISIN
- INE463V01026
- Industry
- Capital Markets
- Website
- www.rathi.com
- CIN
- L67120MH1995PLC086696
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1995
- Registered office
- Floor No. 2, Block B & C, E wing, Trade Link, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400013, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
In Nifty 500, BSE 500, Nifty Smallcap 250, BSE 250 SmallCap Index, Nifty Smallcap 100, BSE SmallCap