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HomeINVESTMENTCompany Approved A Buyback Of Rs 164.65 Crore; Huge Share Buying Start...

Company Approved A Buyback Of Rs 164.65 Crore; Huge Share Buying Start After News

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Anand Rathi Wealth (NSE: ANANDRATHI) share: Today, in this post we’ll discuss about Anand Rathi Wealth latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

Amidst the selling in the market, on Monday, the first trading day of the week, investors fell on the shares of the wealth management company- Anand Rathi Wealth. 

Anand Rathi Wealth shares gained 5 percent on BSE after the company approved a buyback of Rs 164.65 crore through a tender offer. The price of the shares set a new record of Rs. 4,215 during trading.

With this, the stock crossed its previous high of Rs 4,199.80 touched on March 4, 2024.

What Is The Company’s Plan?

Anand Rathi Wealth detailed the buyback in an exchange filing. 

The company announced that the board of directors has approved the buyback plan of 3,70,000 equity shares at 4450 rupees for each equity share.

This will amount to Rs 164.65 crore in total. This amounts to 0.88 percent of equity share capital that has been paid up to the total.

Stock Performance

Let us tell you that the share price of Anand Rathi Wealth in the stock market has increased by 394 percent in the last year, while the S&P BSE Sensex has increased by 23 percent.

It has increased 130 percent in the last six months, as opposed to an 11 percent increase for the index used for benchmarking.

Business Model

Anand Rathi Wealth is India’s leading investment company.

In addition to the Private Wealth sector (PW) and the Private Wealth vertical (PW), 

the company also has two other new tech-based business segments i.e. Digital Wealth (DW) and Omni Financial Advisors (OFA).

Anand Rathi Wealth achieved revenue of Rs 752 crore in the financial year 2024 (FY24). It recorded a healthy growth of 35 percent year-on-year. 

Talking about profit, it increased by 34 percent to Rs 226 crore, which is more than the forecast for the financial year. 

Assets under management (AUM) recorded a 52 percent year-on-year growth to Rs 59,351 crore.

About Anand Rathi Wealth

Anand Rathi Wealth Limited is an India-based company. The company is in the provision of solutions for the distribution and sale of products for financial markets.

The Company is a partner to extremely and super-high net wealth people (HNIs or UHNIs) to assist them in their investment in financial instruments with its products. 

The mainstay Private Wealth (PW) vertical offers solutions for its clients by making it easier to invest in financial instruments using an objective-driven procedure. 

The Digital Wealth (DW) vertical is a fintech extension of its offerings, targeting the market’s wealthy segment through a wealth-related solution offered via a phygital channel which is a mix of technology and human interaction. 

Omni Financial Advisors (OFA) vertical is also a means to capture the landscape of wealth management with an online platform that allows mutual fund distribution companies (MFDs) to provide services to their clients and expand their business.

Fundamental Analysis of Anand Rathi Wealth

Market Cap₹ 17,511 Cr.
Current Price₹ 4,186
52-wk High₹ 4,215
52-wk Low₹836
Stock P/E77.8
Book Value₹ 155
Dividend0.29%
ROCE50.7 %
ROE40.3%
Face Value₹ 5.00
P/B Value27.0
OPM41.9%
EPS₹ 53.8
Debt₹ 51.7 Cr.
Debt to Equity0.08

Anand Rathi Wealth Shareholding Pattern

Promoters Holding
Dec 202248.74%
Mar 202348.74%
June 202348.75%
Sept 202348.69%
Dec  202348.20%
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FII Holding
Dec 20220.81%
Mar 20231.71%
June 20232.11%
Sept 20231.84%
Dec  20233.01%
DII Holding
Dec 202211.82%
Mar 20239.99%
June 20239.72%
Sept 202310.26%
Dec  20239.16%
Public Holding
Dec 202238.63%
Mar 202339.56%
June 202339.42%
Sept 202339.21%
Dec  202339.64%
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Anand Rathi Wealth Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹280 Cr
2020₹336 Cr
2021₹273 Cr
2022₹424 Cr
2023₹724 Cr

Last 5 Years’ Net Profit:

2019₹58 Cr
2020₹62 Cr
2021₹45 Cr
2022₹127 Cr
2023₹226 Cr

Last 5 Years’ Debt-To-Equity Ratio:

2019
2020
2021
2022
2023
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Last 10 Years’ Profit Growth:

10 Years:
5 Years:31%
3 Years:71%
Current Year:34%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:38%
3 Years:41%
Last Year:40%

Sales Growth Over 10 Years:

10 Years:
5 Years:21%
3 Years:38%
Current Year:30%

Conclusion

This article is a complete guide about Anand Rathi Wealth Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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