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Angel One Limited
(ANGELONE)
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Rating:62Neutral
Price Target:
₹307.00
▼(-0.32% Downside)
Action:Downgraded
Date:08/20/26
The score is driven primarily by solid financial performance (strong revenue growth and profitability) but held back by rising leverage and cash-flow volatility. Technicals are currently weak (below key moving averages with negative MACD), while valuation is moderate with a mid-to-higher P/E partly offset by the dividend yield.
Positive Factors
Strong Revenue Growth
Sustained high revenue growth indicates continued expansion in customer activity and financial-services demand. If maintained, this scale can support stronger operating leverage and reinforce Angel One’s position in digital retail investing.
Negative Factors
Rising Leverage
The sharp increase in leverage reduces financial flexibility and raises sensitivity to funding costs, regulation, or weaker trading activity. A more leveraged balance sheet could constrain investment and amplify downside during an industry slowdown.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained high revenue growth indicates continued expansion in customer activity and financial-services demand. If maintained, this scale can support stronger operating leverage and reinforce Angel One’s position in digital retail investing.
Read all positive factors
Angel One Limited (ANGELONE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹278.78B
Dividend Yield1.65%
Average Volume (3M)466.32K
Price to Earnings (P/E)26.9
Beta (1Y)1.98
Revenue Growth9.28%
EPS Growth3.02%
CountryIN
Employees2,934
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)11.35
Shares Outstanding914,036,500
10 Day Avg. Volume685,670
30 Day Avg. Volume466,320
Financial Highlights & Ratios
PEG Ratio-1.01
Price to Book (P/B)3.37
Price to Sales (P/S)4.00
P/FCF Ratio10.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹410.00Price Target Upside33.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)14.73
Revenue Forecast (FY)₹53.61B
Angel One Limited Business Overview & Revenue Model
Company Description
Angel One Limited, headquartered in Mumbai, India, and founded in 1996, delivers a broad spectrum of financial services to its clients across the nation. The company's operations are divided into three primary areas: Broking and Related Services, ...
How the Company Makes Money
Angel One makes money primarily by earning fees and charges linked to customer trading and investing activity on its platforms. Key revenue streams typically include: (1) Brokerage and trading-related income: charges/fees from executing client tra...
Angel One Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.43B | 51.52B | 42.48B | 33.97B | 24.73B | 19.98B |
| Gross Profit | 39.76B | 37.45B | 27.05B | 20.70B | 14.87B | 12.04B |
| EBITDA | 15.61B | 13.97B | 19.44B | 16.71B | 12.92B | 9.24B |
| Net Income | 10.32B | 9.15B | 11.72B | 11.26B | 8.90B | 6.25B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 239.04B | 168.89B | 132.54B | 74.78B | 72.20B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 161.41B | 78.32B | 106.68B | 54.91B | 50.09B |
| Total Debt | 0.00 | 79.51B | 34.14B | 25.41B | 7.87B | 12.58B |
| Total Liabilities | -61.49B | 177.55B | 112.50B | 102.15B | 53.16B | 56.36B |
| Stockholders Equity | 61.49B | 61.18B | 56.21B | 30.39B | 21.62B | 15.84B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 20.63B | -20.24B | -5.37B | 6.90B | 4.88B |
| Operating Cash Flow | 0.00 | 21.44B | -18.60B | -3.30B | 8.04B | 5.58B |
| Investing Cash Flow | 0.00 | -15.40B | -3.41B | -910.48M | -1.85B | -523.54M |
| Financing Cash Flow | 0.00 | 41.52B | 27.70B | 13.29B | -9.07B | -1.65B |
Angel One Limited Technical Analysis
Positive
308.00
Price Trends
304.94
Positive
316.98
Negative
283.55
Positive
Market Momentum
-0.44
Negative
56.86
Neutral
79.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ANGELONE, the sentiment is Positive. The current price of 308 is above the 20-day moving average (MA) of 293.22, above the 50-day MA of 304.94, and above the 200-day MA of 283.55, indicating a bullish trend. The MACD of -0.44 indicates Negative momentum. The RSI at 56.86 is Neutral, neither overbought nor oversold. The STOCH value of 79.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ANGELONE.
Angel One Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹169.05B | 66.47 | ― | ― | 28.51% | 27.16% | |
74 Outperform | ₹21.87B | 30.23 | ― | 1.92% | -4.13% | -52.99% | |
62 Neutral | ₹278.78B | 26.87 | ― | 1.65% | 9.28% | 3.02% | |
60 Neutral | ₹618.62B | 31.18 | ― | 0.58% | 14.81% | -29.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹10.21B | 25.02 | ― | ― | -1.44% | -31.76% | |
49 Neutral | ₹125.09B | 17.87 | ― | 1.13% | 16.27% | 44.44% |
* General Sector Average
IN:ANGELONE
Angel One Limited
305.00
84.08
38.06%
IN:5PAISA
5paisa Capital Ltd.
326.70
-38.50
-10.54%
IN:CHOICEIN
Choice International Limited
758.85
-64.30
-7.81%
IN:EDELWEISS
Edelweiss Financial Services Limited
132.15
17.07
14.84%
IN:GEOJITFSL
Geojit Financial Services Ltd
78.34
3.69
4.95%
IN:MOTILALOFS
Motilal Oswal Financial Services Limited
1,027.05
94.03
10.08%
Angel One Limited Corporate Events
Angel One posts record client funding and stronger equity share in July
Aug 5, 2026
Angel One reported monthly business metrics for July 2026 showing its client base rising to 39.03 million, up 1.1% month-on-month and 18.1% year-on-year, while the average client funding book hit a record ₹70.81 billion, reflecting robust le...
Angel One posts strong Q1 FY27 growth on record funding and surging AUM
Jul 15, 2026
Angel One Limited reported robust business performance for Q1 FY27, driven by strong trading activity and expanding assets across its key verticals. Order volumes in FO, cash and commodity segments remained high, underpinned by a record average cl...
Angel One posts robust turnover growth amid shifting retail activity in Q1 FY27
Jul 3, 2026
Angel One reported steady expansion of its client base to 38.59 million in June 2026 and Q1 FY27, with strong year-on-year growth in funding book, order volumes and overall average daily turnover, particularly in FO and commodities. However, gross...
Angel One Sets Record Funding Book as Derivatives Drive May Activity
Jun 4, 2026
Angel One reported that its client base rose to 38.17 million in May 2026, up 1% month-on-month and 19.5% year-on-year, even as gross client acquisition declined both sequentially and annually. The broker’s average client funding book hit an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.