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← CockpitCompetitor Analysis › ANANDRATHI.NS Anand Rathi WealthOpen in the cockpit ↗

Anand Rathi WealthANANDRATHI.NSCompetitor analysis, valuation and peers

India · INR·Financials›Investment Managers

Wealth management firm distributing mutual funds and structured products to India's high-net-worth clients.

Momentum leader 90
Mkt cap
$4.18B
US dollars, full cap
Free float
62%
of shares outstanding
$/day
$10.5M
20-day average traded
Fwd P/E
90.5×
forward earnings
ROIC−WACC
n/a
WACC 9.4%
Hurdle
n/a
no reverse DCF
Next earnings
63 days
8 Jan 2027
Close · INR₹2,374
1D+0.1%
1W+5.4%
1M+11.6%
3M+14.6%
6M+31.3%
YTD+52.5%
1Y+51.2%
ATR %1.9%
Beta0.39
52w lowhigh0.7% off high

What Anand Rathi Wealth does

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.

Products and services

  • Mutual fund distribution
  • Structured product distribution
  • Portfolio management services

Customers

  • High-net-worth individuals
  • Affluent retail investors

Where it sits in the supply chain

  • Financial services
  • Wealth management
  • HNI wealth advisory & product…

What could go right

  • Rising HNI wealth and mutual fund penetration
  • AUM growth via distribution network expansion

What could go wrong

  • Regulatory changes to distribution commissions
  • Equity market cyclicality affecting AUM

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

Named competitors

Anand Rathi Wealth at a glance

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).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026ANANDRATHI.NS 132Peer median 102
Six months, rebased to 100: Anand Rathi Wealth against the median of its 20 peers (local-currency closes).

Anand Rathi Wealth financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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 flown/a₹2.96B₹2.25B₹2.87B₹725M
Capital expendituren/a₹133M₹358M₹45.0M₹169M
Total debt₹693M₹835M₹793M₹517M₹367M

Quarterly statements and history in the cockpit →

Anand Rathi Wealth competitor charts

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.

Performance: 6-month against 1-month return

-20%0%+20%+40%0%+10%1359EMGCNSRFAMPFHIBPTNUVAMA0027971788CIGI360ONEHLNEHASI601108N91MANTANWL000750QLTANANDRATHI.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Anand Rathi Wealth is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%25×50×75×1359EMGCNSRFAMPFHIBPTCIGI360ONE601108MANTAQLTANANDRATHI.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Anand Rathi Wealth is the large dot.

Anand Rathi Wealth competitors and peer comparison

Head to head with its named competitors (ANANDRATHI.NS vs 360ONE.NS vs NUVAMA.NS vs PRUDENT.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq 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

How Anand Rathi Wealth compares with its peers

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.

Anand Rathi Wealth against its 20 peers (data as of 6 Nov 2026)
MeasureANANDRATHI.NSPeer medianRank 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 margin41.3%28.7%7th highest of 21
Forward P/E90.5×13.8×most expensive of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Anand Rathi Wealth ANANDRATHI.NSIndia$4.18B+31%+35%41%90.5×n/an/a
China Cinda Asset Management 1359.HKHong Kong$4.36B-21%-25%53%11.7×n/an/a
Man EMG.LUnited Kingdom$4.43B+10%+24%28%8.4×n/an/a
Cohen & Steers CNSUnited States$3.76B+1%+13%33%20.1×n/an/a
Eurazeo RF.PAFrance$3.70B+2%+18%-2%28.7×n/an/a
AMP AMP.AXAustralia$3.69B+46%-5%-1%15.7×n/an/a
Federated Hermes FHIUnited States$4.73B+14%+13%28%10.9×n/an/a
Bridgepoint BPT.LUnited Kingdom$4.79B+55%+36%49%10.7×n/an/a
Nuvama Wealth Management NUVAMA.NSIndia$3.61B+25%+13%29%26.2×n/an/a
First Capital Securities 002797.SZChina$3.61B-24%-6%22%21.1×n/an/a
Guotai Junan International 1788.HKHong Kong$3.58B+10%+43%65%n/an/an/a
Colliers International CIGI.TOCanada$4.88B-5%+14%7%11.8×n/an/a
360 One Wam 360ONE.NSIndia$4.95B+3%+25%33%35.1×n/an/a
Hamilton Lane HLNEUnited States$4.99B+1%+19%58%12.3×n/an/a
HA Sustainable Infrastructure Capital HASIUnited States$5.00B-5%+27%69%12.6×n/an/a
Caitong Securities 601108.SSChina$5.12B-11%-12%31%10.7×n/an/a
Ninety One N91.LUnited Kingdom$5.18B-6%+10%26%11.1×n/an/a
Mandatum MANTA.HEFinland$3.33B-10%+60%8%23.7×n/an/a
Netwealth NWL.AXAustralia$3.31B-13%+21%46%34.1×n/an/a
Sealand Securities 000750.SZChina$3.30B-12%+2%22%n/an/an/a
Quilter QLT.LUnited Kingdom$3.30B+5%+191%3%15.0×n/an/a

Questions

Who are Anand Rathi Wealth's main competitors?
Named competitors: 360 One Wam (360ONE.NS), Nuvama Wealth Management (NUVAMA.NS), Prudent Corporate Advisory (PRUDENT.NS). The cockpit's measured peer set (industry) also includes China Cinda Asset Management (1359.HK), Man (EMG.L), Cohen & Steers (CNS), Eurazeo (RF.PA), AMP (AMP.AX), Federated Hermes (FHI).
Is Anand Rathi Wealth expensive compared with its peers?
On forward p/e it trades at 90.5× against a peer median of 13.8×, most expensive of 19 in its peer set.
How has Anand Rathi Wealth stock performed?
Over six months to 6 Nov 2026 the shares returned +31.3% against +0.6% for the median peer; over one year +51.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.