Wealth management firm distributing mutual funds and structured products to India's high-net-worth clients.
Wealth management firm distributing mutual funds and structured products to India's high-net-worth clients.
Is paid mainly by fund houses and product issuers, not by clients: trail commissions that recur each year on the client assets it has placed, plus upfront fees on structured products such as market-linked bonds. Relationship managers sell to wealthy families, so growth tracks client assets and market levels.
Moat: narrow (distribution, brand). Relationship-manager-led distribution model with a loyal HNI client base built over two decades.
Headquarters: Mumbai, India · Founded: 2002 · Employees: 1,280
Size Anand Rathi Wealth (ANANDRATHI.NS) is an India Financials company (Investment Managers) with a market value of $4.18B, the 235th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹2,374 on 6 Nov 2026.
Performance Over six months the shares gained 31.3%, against +0.6% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 34.7% over the last twelve months (peer median +16.1%); the operating margin is 41.3% (peer median 28.7%).
Valuation It trades at 90.5× forward earnings against a peer median of 13.8× (most expensive of 19).
Next results Next results expected around 8 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹14.5B | ₹12.0B | ₹9.69B | ₹7.46B | ₹5.57B |
| Revenue growth | — | +24% | +30% | +34% | — |
| Gross profit | ₹14.0B | ₹11.6B | ₹9.44B | ₹7.20B | ₹5.36B |
| EBITDA | ₹6.35B | ₹5.95B | ₹4.51B | ₹3.32B | ₹2.50B |
| Net income | ₹4.55B | ₹3.96B | ₹3.00B | ₹2.25B | ₹1.68B |
| Free cash flow | n/a | ₹2.96B | ₹2.25B | ₹2.87B | ₹725M |
| Capital expenditure | n/a | ₹133M | ₹358M | ₹45.0M | ₹169M |
| Total debt | ₹693M | ₹835M | ₹793M | ₹517M | ₹367M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Anand Rathi Wealth ANANDRATHI.NS | $4.18B | +31% | +35% | 41% | 90.5× | n/a |
| 360 One Wam 360ONE.NS | $4.95B | +3% | +25% | 33% | 35.1× | n/a |
| Nuvama Wealth Management NUVAMA.NS | $3.61B | +25% | +13% | 29% | 26.2× | n/a |
| Prudent Corporate Advisory Services PRUDENT.NS | $1.28B | -1% | +21% | 24% | 41.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ANANDRATHI.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.6% | +2.7% | 3rd highest of 21 |
| 6-month return | +31.3% | +0.6% | 3rd highest of 21 |
| Distance from 52-week high | -0.7% | -18.8% | highest of 21 |
| Revenue growth (TTM) | +34.7% | +16.1% | 5th highest of 21 |
| Operating margin | 41.3% | 28.7% | 7th highest of 21 |
| Forward P/E | 90.5× | 13.8× | most expensive of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Anand Rathi Wealth ANANDRATHI.NS | India | $4.18B | +31% | +35% | 41% | 90.5× | n/a | n/a |
| China Cinda Asset Management 1359.HK | Hong Kong | $4.36B | -21% | -25% | 53% | 11.7× | n/a | n/a |
| Man EMG.L | United Kingdom | $4.43B | +10% | +24% | 28% | 8.4× | n/a | n/a |
| Cohen & Steers CNS | United States | $3.76B | +1% | +13% | 33% | 20.1× | n/a | n/a |
| Eurazeo RF.PA | France | $3.70B | +2% | +18% | -2% | 28.7× | n/a | n/a |
| AMP AMP.AX | Australia | $3.69B | +46% | -5% | -1% | 15.7× | n/a | n/a |
| Federated Hermes FHI | United States | $4.73B | +14% | +13% | 28% | 10.9× | n/a | n/a |
| Bridgepoint BPT.L | United Kingdom | $4.79B | +55% | +36% | 49% | 10.7× | n/a | n/a |
| Nuvama Wealth Management NUVAMA.NS | India | $3.61B | +25% | +13% | 29% | 26.2× | n/a | n/a |
| First Capital Securities 002797.SZ | China | $3.61B | -24% | -6% | 22% | 21.1× | n/a | n/a |
| Guotai Junan International 1788.HK | Hong Kong | $3.58B | +10% | +43% | 65% | n/a | n/a | n/a |
| Colliers International CIGI.TO | Canada | $4.88B | -5% | +14% | 7% | 11.8× | n/a | n/a |
| 360 One Wam 360ONE.NS | India | $4.95B | +3% | +25% | 33% | 35.1× | n/a | n/a |
| Hamilton Lane HLNE | United States | $4.99B | +1% | +19% | 58% | 12.3× | n/a | n/a |
| HA Sustainable Infrastructure Capital HASI | United States | $5.00B | -5% | +27% | 69% | 12.6× | n/a | n/a |
| Caitong Securities 601108.SS | China | $5.12B | -11% | -12% | 31% | 10.7× | n/a | n/a |
| Ninety One N91.L | United Kingdom | $5.18B | -6% | +10% | 26% | 11.1× | n/a | n/a |
| Mandatum MANTA.HE | Finland | $3.33B | -10% | +60% | 8% | 23.7× | n/a | n/a |
| Netwealth NWL.AX | Australia | $3.31B | -13% | +21% | 46% | 34.1× | n/a | n/a |
| Sealand Securities 000750.SZ | China | $3.30B | -12% | +2% | 22% | n/a | n/a | n/a |
| Quilter QLT.L | United Kingdom | $3.30B | +5% | +191% | 3% | 15.0× | n/a | n/a |