# ANANDRATHI (ANANDRATHI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/anandrathi

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹2,229.4
- Change: +1.00%
- As of: 2026-09-18
- 1D return: +1.00%
- 5D return: +1.22%
- 1M return: +2.69%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, ANANDRATHI is exhibiting a bullish technical stance, with the current price of ₹2229.4 trading above key moving averages across daily, weekly, and monthly timeframes, indicating a strong alignment of trends. The daily trend shows an ADX of 31.03 and a bullish Supertrend at ₹2113.24, supported by the price being above the 20-day and 50-day SMAs and EMAs. This bullish momentum extends to the weekly and monthly views, with the monthly ADX at a high 74.81 and a bullish Supertrend at ₹1590.08, reinforcing the longer-term uptrend. The stock is positioned near the upper end of its recent trading range, with the 20-day range position at 0.67 and the 252-day range position at 0.96. Recent market activity includes three positive attention events and one anomaly of high participation with no clear direction on September 18, 2026. The stock's annualized volatility is 0.28, with a current drawdown of 0.0% and a maximum drawdown of -0.2%.

Nearest support is observed at ₹2225.2, followed by ₹2211.7. Resistance is noted around ₹2242.9 and ₹2243.0, with a further level at ₹2256.5. The formation of an active Outside Bar on the weekly chart on September 18, 2026, suggests potential for price movement. Key watch conditions include monitoring for a sustained break above the nearest resistance levels, which could confirm the bullish trend, and observing any potential pullbacks towards the support levels, particularly ₹2225.2, to assess buying interest.

- Bullish technical alignment across daily, weekly, and monthly timeframes as of September 18, 2026.
- Current price of ₹2229.4 trading above key moving averages (SMA 200, SMA 50, EMA 50, SMA 20, EMA 20, Supertrend) on the daily chart.
- Nearest support levels identified at ₹2225.2 and ₹2211.7.
- Nearest resistance levels identified at ₹2242.9 and ₹2243.0.
- Weekly chart shows an active Outside Bar formation as of September 18, 2026.

- Outside Bar
- Doji
- Morning Star
- Hammer
- Harami

### News Context

This past week's news for ANANDRATHI did not contain direct company announcements or verified corporate developments. The provided evidence focused on broader mutual fund industry news, including a report on the Bank of India Small Cap Fund's seven-year performance and an explanation of what happens to investor units if an Asset Management Company (AMC) shuts down. These reports do not offer specific insights into ANANDRATHI's business operations, financial performance, or strategic initiatives.

- MF Tracker: Bank of India Small Cap Fund tops equity funds with 25.21% returns in 7 years. Can the run continue?
- What happens to your mutual fund units if an AMC shuts down? Franklin Templeton and Morgan Stanley cases offer answers | Mint

### What Changed

Anand Rathi Wealth's stock experienced a modest increase, trading at ₹2229.4 on September 18, 2026, up from ₹2207.4 on the previous day. The company's profile on the NSE remains consistent with earlier context.

- On September 18, 2026, Anand Rathi Wealth traded at ₹2229.4 on the NSE.
- This represents an increase from the previous day's price of ₹2207.4.
- The company's listing on the NSE is unchanged.

### Official Filings

Anand Rathi Wealth Limited's wholly owned subsidiary, Anand Rathi FME (IFSC) Private Limited, has received a certificate of registration from the International Financial Services Centres Authority (IFSCA) to operate as a 'Registered Fund Management Entity (Non-Retail)' at the IFSC in GIFT City, Gujarat. This follows an earlier in-principle approval and an investment of ₹5,49,00,000 by Anand Rathi Wealth Limited into the subsidiary via a rights issue. The subsidiary is now authorized to commence fund management activities. Separately, the company's officials are scheduled to meet with individual investors, institutional investors, and analysts at the Anand Rathi G200 Summit on September 21, 2026, in Mumbai. The company has stated that discussions will be based on publicly available information and no unpublished price-sensitive information will be shared.

- On September 14, 2026, Anand Rathi Wealth Limited's subsidiary, Anand Rathi FME (IFSC) Private Limited, received a certificate of registration from IFSCA to operate as a Registered Fund Management Entity (Non-Retail) at GIFT City, Gujarat.
- Anand Rathi Wealth Limited invested ₹5,49,00,000 by subscribing to 54,90,000 equity shares in its subsidiary, Anand Rathi FME (IFSC) Private Limited, through a rights issue, as disclosed on September 2, 2026.
- The subsidiary, Anand Rathi FME (IFSC) Private Limited, had previously received in-principle approval from IFSCA for fund management activities at GIFT City, Gujarat, as announced on July 16, 2026.
- Company officials are scheduled to meet with investors and analysts at the Anand Rathi G200 Summit on September 21, 2026, in Mumbai.
- For Q1 FY27, Anand Rathi Wealth Limited reported consolidated total revenue of ₹336 crores, an 18% year-over-year increase, and Profit After Tax (PAT) of ₹116 crores, a 24% year-over-year increase, with Assets Under Management (AUM) growing 21% year-over-year to ₹1,06,300 crores as of June 30, 2026.

- Anand Rathi Wealth Limited has informed the Exchange about Intimation of meeting of Group of Individual Investor/Institutional investors/Analysts in Anand Rathi G200 Summit |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Anand Rathi Wealth Limited has informed the Exchange about ARFME has received a certificate of registration from IFSCA as a Registered Fund Management Entity (Non-retail) at the International Financial Services Centre ("IFSC"), Gift City, Gujarat |SUBJECT: General Updates
- Anand Rathi Wealth Limited has informed the Exchange about Intimation of further investment through subscribing right issue of equity shares of its wholly owned subsidiary "Anand Rathi FME (IFSC) Private Limited |SUBJECT: Acquisition

### Fundamentals

Anand Rathi Wealth has demonstrated a robust operating trajectory, with reported sales reaching ₹289.62 crore in Q3 FY2025-26 and ₹287.82 crore in Q4 FY2025-26. The company's income also showed growth, with ₹305.73 crore in Q3 FY2025-26 and ₹356.21 crore in Q4 FY2025-26. Profit Before Tax followed a similar trend, reported at ₹135.33 crore for Q3 FY2025-26 and ₹140.27 crore for Q4 FY2025-26. Profit Loss for the period was ₹100.19 crore in Q3 FY2025-26 and ₹103.45 crore in Q4 FY2025-26. Looking at longer-term trends, the company has shown compounded sales growth of 31% over 3 years and compounded profit growth of 33% over 3 years. Return on Equity has been strong, at 42% over 3 years and 41% over 5 years, with a Last Year figure of 45%.

Financially, the company's balance sheet shows increasing borrowings, rising from ₹36.0 crore in March 2023 to ₹51.0 crore in March 2024 and projected to reach ₹79.0 crore by March 2025. Equity Capital has also seen an increase, from ₹21.0 crore in March 2024 to a projected ₹42.0 crore by March 2025. Fixed Assets have grown from ₹131.0 crore in March 2024 to a projected ₹172.0 crore by March 2025. Investments have also increased from ₹202.0 crore in March 2024 to a projected ₹320.0 crore by March 2025. Cash flow from operations has been positive, with ₹267.0 crore in March 2024, and projected to be ₹352.0 crore in March 2025. Free Cash Flow was ₹262.0 crore in March 2024 and is projected at ₹316.0 crore for March 2025. Key monitoring areas include the increasing trend in borrowings and the corresponding growth in equity and fixed assets, alongside the continued positive generation of operating and free cash flow.

- Revenue From Operations was ₹289.62 crore in Q3 FY2025-26 and ₹287.82 crore in Q4 FY2025-26.
- Profit Before Tax was ₹135.33 crore in Q3 FY2025-26 and ₹140.27 crore in Q4 FY2025-26.
- Profit Loss For Period was ₹100.19 crore in Q3 FY2025-26 and ₹103.45 crore in Q4 FY2025-26.
- Compounded Sales Growth is 31% over 3 years, and Compounded Profit Growth is 33% over 3 years.
- Return on Equity was 42% over 3 years and 45% Last Year.
- Borrowings increased from ₹36.0 crore in March 2023 to ₹51.0 crore in March 2024, projected to ₹79.0 crore by March 2025.
- Cash from Operating Activity was ₹267.0 crore in March 2024, projected to ₹352.0 crore in March 2025.
- Free Cash Flow was ₹262.0 crore in March 2024, projected to ₹316.0 crore in March 2025.

### Bull Case

Anand Rathi Wealth has demonstrated significant growth in its balance sheet and cash flow generation. Total assets have more than doubled from ₹213.0 crore in March 2019 to ₹429.0 crore in March 2020. This expansion is supported by a substantial increase in investments, which grew from ₹129.0 crore to ₹193.0 crore over the same period. The company's operational efficiency is reflected in its cash flow from operations, which increased from ₹57.0 crore in March 2019 to ₹143.0 crore in March 2020. Free cash flow also saw a marked improvement, rising from ₹34.0 crore to ₹92.0 crore. Furthermore, the company has achieved strong compounded profit growth of 55% over 5 years and 47% on a trailing twelve months (TTM) basis, alongside a 36% compounded sales growth over 5 years and 23% on a TTM basis.

- Total Assets increased from ₹213.0 crore (Mar 2019) to ₹429.0 crore (Mar 2020).
- Investments grew from ₹129.0 crore (Mar 2019) to ₹193.0 crore (Mar 2020).
- Cash Flow from Operations rose from ₹57.0 crore (Mar 2019) to ₹143.0 crore (Mar 2020).
- Free Cash Flow improved from ₹34.0 crore (Mar 2019) to ₹92.0 crore (Mar 2020).
- Compounded Profit Growth stood at 55% over 5 years and 47% TTM.
- Compounded Sales Growth was 36% over 5 years and 23% TTM.

- MF Tracker: Bank of India Small Cap Fund tops equity funds with 25.21% returns in 7 years. Can the run continue?
- What happens to your mutual fund units if an AMC shuts down? Franklin Templeton and Morgan Stanley cases offer answers | Mint

### Bear Case

Anand Rathi Wealth's balance sheet shows a significant increase in borrowings from ₹1.0 crore in March 2019 to ₹42.0 crore in March 2020. Concurrently, fixed assets grew from ₹9.0 crore to ₹32.0 crore, and investments rose from ₹129.0 crore to ₹193.0 crore over the same period. This expansion in assets and investments was accompanied by a substantial rise in other liabilities, from ₹58.0 crore to ₹162.0 crore, and total liabilities, which doubled from ₹213.0 crore to ₹429.0 crore. While cash flow from operations and free cash flow have shown positive growth, the increase in debt and other liabilities warrants monitoring in relation to equity capital and reserves.

- Borrowings increased from ₹1.0 crore in March 2019 to ₹42.0 crore in March 2020.
- Fixed assets grew from ₹9.0 crore in March 2019 to ₹32.0 crore in March 2020.
- Investments increased from ₹129.0 crore in March 2019 to ₹193.0 crore in March 2020.
- Other liabilities rose from ₹58.0 crore in March 2019 to ₹162.0 crore in March 2020.

- MF Tracker: Bank of India Small Cap Fund tops equity funds with 25.21% returns in 7 years. Can the run continue?
- What happens to your mutual fund units if an AMC shuts down? Franklin Templeton and Morgan Stanley cases offer answers | Mint

### FAQs

**How has Anand Rathi Wealth Limited's balance sheet evolved between March 2019 and March 2020?**

Between March 2019 and March 2020, Anand Rathi Wealth Limited saw significant changes in its balance sheet. Total Assets more than doubled from ₹213.0 crore to ₹429.0 crore. This growth was driven by increases in Investments, which rose from ₹129.0 crore to ₹193.0 crore, and Other Assets, which grew from ₹75.0 crore to ₹139.0 crore. Fixed Assets also increased substantially from ₹9.0 crore to ₹32.0 crore, alongside a rise in Construction Work-in-Progress (CWIP) from ₹0.0 to ₹65.0 crore. On the liabilities side, Total Liabilities also grew from ₹213.0 crore to ₹429.0 crore. Borrowings increased from ₹1.0 crore to ₹42.0 crore, and Other Liabilities rose from ₹58.0 crore to ₹162.0 crore. Equity Capital saw a modest increase from ₹13.0 crore to ₹14.0 crore, while Reserves grew from ₹141.0 crore to ₹212.0 crore.

**What has been the recent trend in Anand Rathi Wealth Limited's cash flow from operations and investing activities?**

Anand Rathi Wealth Limited's cash flow from operating activities increased from ₹57.0 crore in March 2019 to ₹143.0 crore in March 2020. Correspondingly, Free Cash Flow also grew from ₹34.0 crore to ₹92.0 crore over the same period. However, Cash from Investing Activities became more negative, moving from ₹-43.0 crore in March 2019 to ₹-156.0 crore in March 2020, indicating increased investment outflows.

**What are the key recent announcements from Anand Rathi Wealth Limited regarding its subsidiary and investor relations?**

Anand Rathi Wealth Limited has made several recent announcements. On September 14, 2026, its wholly owned subsidiary, Anand Rathi FME (IFSC) Private Limited, received a certificate of registration from the IFSCA to operate as a 'Registered Fund Management Entity (Non-Retail)' at the IFSC in GIFT City, Gujarat. This followed an earlier announcement on July 16, 2026, where the subsidiary received in-principle approval for the same. Additionally, the company announced on September 2, 2026, that it had invested ₹5,49,00,000 in its subsidiary via a rights issue to support its fund management entity activities at GIFT City. The company also announced its participation in the Anand Rathi G200 Summit on September 21, 2026, to meet with investors and analysts, stating that discussions would be based on publicly available information.

**What is the current technical trend and recent price performance of Anand Rathi Wealth Limited?**

As of September 18, 2026, Anand Rathi Wealth Limited's stock is exhibiting a bullish trend on daily, weekly, and monthly timeframes, as indicated by the Supertrend indicator. The daily trend shows a positive EMA 20 slope of 9.6. Recent performance shows a Year-to-Date (YTD) return of 44% and a 1-year return of 45%. Over the last 6 months, the stock has returned 46%, and over the last 3 months, it has returned 23%.

- MF Tracker: Bank of India Small Cap Fund tops equity funds with 25.21% returns in 7 years. Can the run continue?
- What happens to your mutual fund units if an AMC shuts down? Franklin Templeton and Morgan Stanley cases offer answers | Mint
- Anand Rathi Wealth Limited has informed the Exchange about Intimation of meeting of Group of Individual Investor/Institutional investors/Analysts in Anand Rathi G200 Summit |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Anand Rathi Wealth Limited has informed the Exchange about ARFME has received a certificate of registration from IFSCA as a Registered Fund Management Entity (Non-retail) at the International Financial Services Centre ("IFSC"), Gift City, Gujarat |SUBJECT: General Updates
- Anand Rathi Wealth Limited has informed the Exchange about Intimation of further investment through subscribing right issue of equity shares of its wholly owned subsidiary "Anand Rathi FME (IFSC) Private Limited |SUBJECT: Acquisition
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹2,211.7
- Risk regime: Price Risk Currently Contained

### Support levels
- 2040.65
- 2002.1
- 1767.475

### Resistance levels
- 2242.9
- 2243.0000000000005
- 2256.500000000001

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.00% |
| return_10 | +1.09% |
| return_1m | +1.58% |
| return_1y | +45.45% |
| return_20 | +2.69% |
| return_3m | +23.49% |
| return_5 | +1.22% |
| return_6m | +45.53% |
| return_since_start | +126.37% |
| return_ytd | +44.07% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -20.43% |
| annualized_volatility | +27.84% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Profit Surge Driven by Other Income, but EPS Declines

Anand Rathi Wealth reported a sharp increase in net profit for the first quarter of FY2026‑27, but the jump was heavily influenced by a surge in other income, while its core revenue from operations grew at a more moderate pace. Meanwhile, earnings per share fell sharply from the previous quarter, pointing to a significant increase in the number of shares outstanding.

## Revenue from Operations

Revenue from operations increased 11.87% from the preceding quarter to ₹321.99 crore and rose 17.51% compared to the same quarter last year. While this steady growth added to total income, it was not the primary driver of the quarter’s headline profit performance. The sequential revenue expansion was considerably smaller than the 21.35% jump in total income, highlighting the large contribution from non‑operating income.

## Other Income and Total Income

Other income surged to ₹110.28 crore, up from ₹68.39 crore in the previous quarter (Q4 FY2025‑26) and from ₹10.24 crore in the same quarter last year. As a result, other income accounted for 25.5% of total income of ₹432.26 crore, compared with only 3.6% in Q1 FY2025‑26.

The year‑on‑year increase in total income of ₹148 crore was largely driven by higher other income, which rose by ₹100 crore, while revenue from operations contributed an increase of ₹48 crore. This shift in income composition had a meaningful impact on overall profitability.

## Expenses and Profitability

Total expenses rose 43.16% year‑on‑year to ₹226.06 crore. Employee benefit expense was the largest cost item at ₹176.17 crore. Because total income grew at a faster 52.07%, profit before tax (PBT) increased 63.19% to ₹206.20 crore.

The effective tax rate declined from 25.67% in Q1 FY2025‑26 to 20.95%, further boosting net profit, which rose 73.58% to ₹163.01 crore. The PBT margin on total income improved from 44.4% to 47.7%, but this expansion accompanied a substantial shift in income composition toward other income, which rose from a very low base. The overall margin improvement therefore does not necessarily reflect a fundamental strengthening of the core wealth‑management business alone.

## Earnings Per Share

Basic earnings per share from continuing operations fell to ₹9.82, down 21.19% from ₹12.46 in the prior quarter. Diluted EPS showed a similar decline. This drop occurred even though net profit increased 57.57% sequentially, indicating that the weighted average number of shares used in the EPS calculation grew materially. Consequently, while the company’s absolute earnings rose strongly, each share now represents a smaller claim on those earnings.

## Key Takeaway

Anand Rathi Wealth delivered a large increase in net profit, but the gain was driven primarily by a surge in other income and a lower effective tax rate, rather than by a proportional acceleration in core revenue growth. Revenue from the wealth‑management business recorded a steady 17.5% year‑on‑year increase, yet the headline profit story was dominated by non‑operating income. Meanwhile, earnings per share dropped sharply from the previous quarter, reflecting a significant increase in the number of shares in circulation. The quarter’s results therefore present a mixed picture: absolute profitability is up, but per‑share earnings are diluted, and profit growth is concentrated in a non‑operating line that surged from a very low base.

### Ratios

## Official filings

- 2026-09-16 — Generic Announcement: Anand Rathi Wealth Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_16092026143139_IntimationSd.pdf)
- 2026-09-14 — Generic Announcement: Anand Rathi Wealth Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_14092026165126_EIFSCADisclosureSd.pdf)
- 2026-09-02 — Generic Announcement: Anand Rathi Wealth Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_02092026165549_IFSCASd.pdf)
- 2026-07-27 — Official Filing: Anand Rathi IT Private Limited reported the invocation of a pledge on 38,63,000 equity shares of Anand Rathi Wealth Limited on May 11, 2026. This invocation represents 4.65% of the total share capital. The disclosure was made on May 18, 2026, in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. — [Official attachment](https://nsearchives.nseindia.com/corporate/team_bbodade_18052026191909_ANANDRATHI.pdf)
- 2026-07-16 — Generic Announcement: Anand Rathi Wealth Limited's wholly owned subsidiary, ANAND RATHI FME (IFSC) PRIVATE LIMITED, received in-principle approval from the International Financial Services Centres Authority (IFSCA) for registration as a Fund Management Entity (Non-retail) at GIFT City, Gujarat. The subsidiary will now proceed with regulatory, operational, and capital requirements to obtain final registration and commence business activities. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_16072026111156_IFSCADisclosureSD.pdf)
- 2026-07-15 — Earnings Transcript: Anand Rathi Wealth Limited reported its Q1 FY27 earnings conference call transcript on July 15, 2026. The company highlighted a 21% year-over-year growth in total Assets Under Management (AUM) to INR 1,06,300 crores as of June 30, 2026, with net flows of INR 2,743 crores for the quarter. Consolidated total revenue grew 18% year-over-year to INR 336 crores, and Profit After Tax (PAT) increased by 24% year-over-year to INR 116 crores for Q1 FY27. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_15072026112736_IntimationSD.pdf)
- 2026-07-10 — Official Filing: Anand Rathi Wealth Limited officials will meet with a group of individual investors on July 16, 23, and 30, 2026. Discussions will be based on publicly available information, and no unpublished price-sensitive information will be shared. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_10072026195643_INTIMATIONsd.pdf)
- 2026-07-10 — Official Filing: Anand Rathi Wealth Limited has uploaded the audio recording of its Q1 & FY27 Earnings Conference Call, held on July 10, 2026, to its website. The transcript will be shared with stock exchanges and uploaded to the company website later. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_10072026175758_IntimationearningsaudiocallSd.pdf)
- 2026-07-10 — Official Filing: Anand Rathi Wealth Limited published extracts of its un-audited consolidated financial results for the first quarter ended June 30, 2026, in The Economic Times, Maharashtra Times, and Navbharat Times on July 10, 2026. The company also stated that this information would be uploaded to its website. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_10072026135905_NewspaperpubSD.pdf)
- 2026-07-09 — Official Filing: Anand Rathi Wealth Limited submitted an investor presentation for the first quarter ended June 30, 2026, as required by SEBI regulations. The presentation details financial performance, including revenue growth of 18.4% to ₹336.4 crore and Profit After Tax (PAT) of ₹115.9 crore, representing a 23.5% year-over-year increase. Assets Under Management (AUM) grew by 21.1% to ₹1,03,774 crore. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_09072026183052_InvestorPresentationSD.pdf)
- 2026-07-09 — Official Filing: Anand Rathi Wealth Limited's Board of Directors approved unaudited financial results for the quarter ended June 30, 2026, and a Limited Review Report. The company also plans to apply to SEBI to act as a Mutual Fund sponsor. A typographical error in the paid-up capital disclosure for the consolidated and standalone results for the quarter ended June 30, 2026, was corrected to "8302.06" for both. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_09072026192949_RevisedOutcomeSD.pdf)
- 2026-07-09 — Official Filing: Anand Rathi Wealth Limited reported its Q1 FY27 financial results for the quarter ending June 2026, with consolidated Profit After Tax (PAT) of ₹116 crore, a 24% year-on-year increase. Total revenue grew 18% year-on-year to ₹336 crore, and Assets Under Management (AUM) reached ₹1,06,300 crore, a 21% year-on-year rise. The company also announced that its AUM crossed the ₹1 lakh crore milestone during the quarter. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_09072026174709_Press_ReleaseSD.pdf)
- 2026-07-09 — Official Filing: Anand Rathi Wealth Limited's Board of Directors approved unaudited financial results for Q1 ended June 30, 2026, and a limited review report. The company also plans to apply to SEBI to act as a Mutual Fund sponsor, which would involve establishing an Asset Management Company and a Trustee Company. The consolidated revenue from operations for the quarter was INR 32,198.50 lakhs, with a profit after tax of INR 16,300.77 lakhs. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_09072026173006_OutcomeSD.pdf)
- 2026-07-09 — Official Filing: Anand Rathi Wealth Limited's Board of Directors approved unaudited financial results for the quarter ended June 30, 2026, and a Limited Review Report. The company also plans to apply to SEBI to act as a Mutual Fund sponsor. A typographical error in the paid-up capital disclosure for the consolidated and standalone results for the quarter ended June 30, 2026, was corrected to "8302.06" for both. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_09072026193626_RevisedOutcomeSD.pdf)
- 2026-07-07 — Official Filing: Anand Rathi Wealth Limited submitted a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026. MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.), the Registrar and Share Transfer Agent, confirmed that securities received for dematerialisation were processed and listed on stock exchanges within the prescribed timelines. Security certificates were mutilated and cancelled after verification, with depositories substituted as registered owners. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_07072026125904_Reg74SD.pdf)
- 2026-07-02 — Generic Announcement: Anand Rathi Wealth Limited will hold its Q1 & FY27 Earnings Conference Call for investors and analysts on July 10, 2026, at 2:00 PM IST. Key management personnel including the CEO, Joint CEO, and CFOs will participate. The company is providing this intimation under SEBI Listing Regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_02072026172337_Investor_Calls_Schedule_IntimationSd.pdf)
- 2026-06-26 — Generic Announcement: Anand Rathi Wealth Limited will close its trading window from July 1, 2026, until 48 hours after the board approves and files the first quarter financial results ending June 30, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct. Directors, designated persons, and their immediate relatives are prohibited from trading securities during this period. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_26062026163617_Trading_window_closureSD.pdf)
- 2026-06-15 — Management Change: Anand Rathi Wealth Limited appointed Mr. Chintak Shah as Head-NRI, effective June 15, 2026. Mr. Shah joined the company in 2015 and has been instrumental in building and scaling the Tax division. This expanded role aims to create a focused approach for serving NRI clients. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_15062026171659_AppointmentSD.pdf)
- 2026-06-04 — Generic Announcement: Anand Rathi Wealth Limited's Bonus Allotment Committee approved the allotment of 83,020,634 bonus equity shares on June 4, 2026, at a ratio of 1:1. The record date for eligibility was June 3, 2026. This allotment increases the company's paid-up equity share capital from Rs. 415,103,170 to Rs. 830,206,340. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_04062026093531_AllotmentofBonusEquitySharesSD.pdf)
- 2026-06-01 — Management Change: Anand Rathi Wealth Limited appointed Mr. Chirag Ramesh Muni as Chief Process Officer, effective June 1, 2026. Mr. Muni previously served as Head – Business Process Design & Implementation within the company and brings over 20 years of professional experience, including 13 years with Anand Rathi Wealth Limited. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_01062026211535_Intimationsd.pdf)
- 2026-05-25 — Generic Announcement: Anand Rathi Wealth Limited has set June 3, 2026, as the record date for determining member entitlement for a 1:1 bonus share issue. The company will issue one new fully paid-up equity share of Rs. 5 for every existing equity share of Rs. 5. These bonus shares will be allotted in dematerialized form only. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_25052026115337_NewspaperPublicationSd.pdf)
- 2026-05-23 — Generic Announcement: Anand Rathi Wealth Limited will allot 8,30,20,634 fully paid-up bonus equity shares of Rs. 5 each in a 1:1 ratio. The record date for determining eligible shareholders is June 3, 2026, and the deemed date of allotment is June 4, 2026. The bonus shares are expected to be available for trading on June 5, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_23052026165724_IntimationforRecorddateSD.pdf)
- 2026-05-21 — Generic Announcement: Anand Rathi Wealth Limited held its 31st Annual General Meeting on May 21, 2026, through video conferencing. All resolutions proposed to the members, including the adoption of financial statements for the year ended March 31, 2026, approval of dividends, re-appointment of director Anand Nandkishore Rathi, increase in authorized share capital, and issuance of bonus equity shares, were passed with the requisite majority based on the scrutinizer's report. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_21052026212533_VotingresultSD.pdf)
- 2026-05-21 — Generic Announcement: Anand Rathi Wealth Limited's shareholders approved ordinary and special resolutions at the 31st Annual General Meeting on May 21, 2026. Key approvals included adopting the audited financial statements for the year ended March 31, 2026, confirming an interim dividend of Rs. 6 per share and declaring a final dividend of Rs. 7 per share for FY 2025-26, totaling Rs. 49.81 Crores and Rs. 58.11 Crores respectively. Shareholders also re-appointed Mr. Anand Nandkishore Rathi as a Director, approved an increase in authorized share capital from Rs. 50 Crores to Rs. 100 Crores, and authorized the issuance of bonus shares by capitalizing up to Rs. 41.51 Crores from retained earnings and/or share premium. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_21052026220447_ResolutionsSD.pdf)
- 2026-05-21 — Generic Announcement: Anand Rathi Wealth Limited's members approved an increase in authorized share capital from Rs. 50,00,00,000 to Rs. 100,00,00,000 on May 21, 2026. This change, passed at the 31st Annual General Meeting, involves creating 10,00,00,000 new equity shares of Rs. 5 each and consequently alters the "Capital Clause" of the company's Memorandum of Association. — [Official attachment](https://nsearchives.nseindia.com/corporate/ANANDRATHI_21052026214817_Alteration_of_MOA.pdf)

## News and market events

- 2026-09-15 — Economic Times: **MF Tracker: Bank of India Small Cap Fund tops equity funds with 25.21% returns in 7 years. Can the run continue?** — Bank of India Small Cap Fund delivered the highest CAGR of 25.21% over seven years among equity funds, excluding sectoral and thematic schemes, according to ETMutualFunds analysis. The fund outperformed peers with seven-year returns ranging from 9.14% to 22.97%. Launched in December 2018, the scheme has also received four-star ratings from both Value Research and Morningstar. — [Source](https://economictimes.indiatimes.com/mf/analysis/mf-tracker-bank-of-india-small-cap-fund-tops-equity-funds-with-25-21-returns-in-7-years-can-the-run-continue/articleshow/134254373.cms)
- 2026-09-12 — Mint: **What happens to your mutual fund units if an AMC shuts down? Franklin Templeton and Morgan Stanley cases offer answers | Mint** — An AMC shutting down does not mean investors lose their mutual fund units or the underlying stocks and bonds held by the scheme. Here’s what happens when a fund house closes, transfers schemes to another AMC or winds up a mutual fund. — [Source](https://www.livemint.com/money/personal-finance/what-happens-to-your-mutual-fund-units-if-an-amc-shuts-down-franklin-templeton-and-morgan-stanley-cases-offer-answers-11789150572953.html)
- 2026-09-10 — Mint: **Debt mutual fund flows reverse sharply in August; is it a warning sign for investors? | Mint** — Debt mutual funds swung from a ₹1.87 lakh crore net inflow in July to a ₹8,127 crore outflow in August. Experts say the reversal reflects seasonal corporate and institutional cash movements, while investors continued to favour liquid, money market and ultra-short duration funds. — [Source](https://www.livemint.com/money/personal-finance/debt-mutual-fund-flows-reverse-sharply-in-august-is-it-a-warning-sign-for-investors-11789044732230.html)
- 2026-09-09 — MONEYCONTROL: **Your mutual fund is underperforming. Should you switch to another fund or wait?** — mutual fund underperformance, underperforming mutual fund, switch mutual funds, mutual fund SIP, mutual fund exit, switch within same AMC, mutual fund capital gains tax, mutual fund exit load — [Source](https://www.moneycontrol.com/news/business/personal-finance/your-mutual-fund-is-underperforming-should-you-switch-to-another-fund-or-wait-14025969.html)
- 2026-09-09 — Economic Times: **This 58-year-old invests Rs 50,000 in 8 mutual funds. Expert flags portfolio imbalance, suggests rejig** — A financial expert examined the mutual fund portfolio of a 58-year-old investor and detected several imbalances. With a concentration in mid and small-cap funds, the portfolio needs careful adjustments. As retirement nears, prioritizing asset allocation and liquidity becomes vital. The expert recommends restructuring the portfolio to mitigate risks and enhance diversification, ultimately supporting the investor's long-term financial aspirations. — [Source](https://economictimes.indiatimes.com/mf/analysis/this-58-year-old-invests-rs-50000-in-8-mutual-funds-expert-flags-portfolio-imbalance-suggests-rejig/articleshow/133954152.cms)
- 2026-09-04 — Economic Times: **MF Tracker: HSBC Midcap Fund turns Rs 10,000 SIP to over Rs 2 crore, emerges 3-year topper with 24% return** — HSBC Midcap Fund achieved a remarkable 24% return over three years. A Rs 10,000 monthly SIP grew to over Rs 2 crore since inception. The fund manager emphasizes bottom-up stock selection and long-term growth potential. Experts attribute recent outperformance to strong stock picking within key sectors. Investors are advised to focus on long-term strategy and portfolio suitability. — [Source](https://economictimes.indiatimes.com/mf/analysis/mf-tracker-hsbc-midcap-fund-turns-rs-10000-sip-to-over-rs-2-crore-emerges-3-year-topper-with-24-return/articleshow/133751515.cms)
- 2026-08-17 — MONEYCONTROL: **EPF vs NPS vs PPF vs mutual funds: How quickly can you get your retirement money?** — EPF withdrawal time, NPS withdrawal time, PPF withdrawal time, mutual fund withdrawal time, retirement savings withdrawal, EPF vs NPS vs PPF, retirement fund liquidity, how quickly EPF withdrawal, NPS withdrawal process, mutual fund redemption time — [Source](https://www.moneycontrol.com/news/business/personal-finance/epf-vs-nps-vs-ppf-vs-mutual-funds-how-quickly-can-you-get-your-retirement-money-14005963.html)
- 2026-08-08 — BUSINESSTODAY: **Are investors turning to multi-asset funds for gold and silver exposure?** — Are investors turning to multi-asset funds for gold and silver exposure? — [Source](https://www.businesstoday.in/mutual-funds/story/are-investors-turning-to-multi-asset-funds-for-gold-and-silver-exposure-548104-2026-08-08)
- 2026-07-28 — Economic Times: **MF Tracker: Can Motilal Oswal Midcap Fund retain its edge after topping the 5-year return chart?** — Motilal Oswal Midcap Fund leads five-year returns, raising questions about future performance. The fund delivered strong CAGR, outperforming its benchmark and category average. However, recent valuations suggest a lower scope for similar past returns. Experts advise diversified equity fund investments to mitigate concentration risk. Investors can consider SIPs for rupee cost averaging during market fluctuations. — [Source](https://economictimes.indiatimes.com/mf/analysis/mf-tracker-can-motilal-oswal-midcap-fund-retain-its-edge-after-topping-the-5-year-return-chart/articleshow/132676880.cms)
- 2026-07-27 — Mint: **Building your first mutual fund portfolio at 25? Experts share the ideal allocation and common mistakes to avoid | Mint** — Experts say investors aged 25-30 should focus on goal-based asset allocation rather than chasing returns. Here's how to allocate equity, debt and gold, and the mistakes to avoid. — [Source](https://www.livemint.com/money/personal-finance/building-your-first-mutual-fund-portfolio-at-25-experts-share-the-ideal-allocation-and-common-mistakes-to-avoid-11785148669453.html)
- 2026-07-27 — Mint: **Prepare your SIP before the next market correction: Experts share a 5-point checklist | Mint** — Market volatility is inevitable, but experts say investors can avoid emotional decisions by planning ahead. From setting investment rules to building an emergency fund, here's how to prepare your SIP before markets turn turbulent. — [Source](https://www.livemint.com/money/personal-finance/prepare-your-sip-before-the-next-market-correction-experts-share-a-5-point-checklist-11785042760135.html)
- 2026-07-26 — Mint: **ETF market price vs NAV: Why some funds trade at a 20% premium while others stay close to fair value? | Mint** — Most domestic ETFs are trading close to their NAV, while some international ETFs trade at steep premiums due to supply constraints. Experts advise investors to compare an ETF's market price with its NAV or iNAV to avoid overpaying and make better investment decisions. — [Source](https://www.livemint.com/money/personal-finance/etf-market-price-vs-nav-why-some-funds-trade-at-a-20-premium-while-others-stay-close-to-fair-value-11785026904402.html)
- 2026-07-17 — Mint: **Pulse of the Street: Earnings sentiment rescues volatile week; real test ahead | Stock Market News** — The 30-share Sensex rose 0.75% for the week, while the broader Nifty 50 gained 0.53%, with most of the gains coming on Friday. The Nifty jumped 1.1% to close at 24,334.30, while the Sensex advanced 1.25% to settle at 78,151.44, its highest closing level since 12 June 2026. — [Source](https://www.livemint.com/market/earnings-sentiment-rescues-volatile-stock-market-week-real-test-ahead-11784291623956.html)
- 2026-07-15 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty futures hint at a positive start; Brent above $86** — Sensex Today | Stock Market LIVE Updates: Oil prices still remain above $80, even though they are off Tuesday's high. The Nifty range remains the same as 24,000, followed by 23,800 remain major supports on the downside, and 24,250 - 24,350 levels remain an important supply zone. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-infosys-wipro-it-stocks-ibm-angel-groww-hdb-hdfc-amc-life-share-price-liveblog-19945617.htm)
- 2026-07-14 — CNBC-TV18: **Stocks to Watch for July 15: Tata Elxsi, L&T Tech, Anand Rathi and more** — From Tata Elxsi and Anand Rathi reporting its Q1 results to Jain Resource Recycling reporting a furnace explosion at its manufacturing facility in Tamil Nadu, here are stocks to track ahead of Wednesday trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-july-15-tata-elxsi-lt-tech-anand-rathi-and-more-19945316.htm)
- 2026-07-14 — The Hindu: **Q1 Results Today Live: LTTS, Tata Elxsi, Jindal Saw, Anand Rathi Share, Den Networks to announce Q1 results, SG Finserve, Madhya Bharat Agro & Dhampur Bio Organics profit up in Q1** — Q1 Results Today, 14th July 2026 Live Updates: Follow latest Q1 updates from businessline here — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-ltts-tata-elxsi-jindal-saw-sg-finserve-anand-rathi-share-den-networks-hcl-tech-icici-pru-bajaj-consumer-results-14-july-2026/article71216753.ece)
- 2026-07-14 — Mint: **Anand Rathi Wealth delivers growth, but valuations leave no room for error | Stock Market News** — Anand Rathi Wealth's client retention and AUM growth remain robust despite margin pressure. But with TER compression ahead and the stock up 35% this year, valuations appear demanding. — [Source](https://www.livemint.com/market/mark-to-market/anand-rathi-wealth-arwl-q1fy27-wealth-management-aum-growth-client-retention-ebitda-margin-11784011282038.html)
- 2026-07-13 — Economic Times: **Up in the air! Can SBI Funds Management IPO investors look past OFS to expect strong listing day gains?** — SBI Funds Management's large IPO presents a valuation opportunity for investors. The offer for sale structure may temper immediate listing day gains. Analysts note its scale and brand support long-term investment potential. The company holds a leading market position in asset management. Investors should maintain realistic expectations for initial trading performance. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/up-in-the-air-can-sbi-funds-management-ipo-investors-look-past-ofs-to-expect-strong-listing-day-gains/articleshow/132356121.cms)

## Business profile

**Strategic vision:** Provides wealth solutions for high-net-worth individuals.

### Business segments
- **Private Wealth Management:** Specializes in providing structured and data-backed financial insights for long-term wealth goals to High-Net-Worth Individuals (HNIs) and Ultra-High-Net-Worth Individuals (UHNIs).
- **Financial Product Distribution:** Focuses on distributing financial products and operates as a Mutual Fund Distributor registered with AMFI.
- **Omni Financial Advisor Platform:** A technology solution for mutual fund distributors and independent financial advisors, offering client reporting, business dashboards, and online transactions.
- **Business Brokerage:** Involves activities related to business brokerage.

### Competitive strengths
- Focus on serving High-Net-Worth Individuals (HNIs) and Ultra-High-Net-Worth Individuals (UHNIs).
- Technology-driven platforms for financial advisors and distributors.
- Integrated services within the Anand Rathi Group.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/anandrathi
Markdown representation: https://faxioms.com/stocks/anandrathi?render=md