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Indian discount stock broking and fintech platform offering trading, investing and lending products to retail investors.
Indian discount stock broking and fintech platform offering trading, investing and lending products to retail investors.
Earns brokerage per order, mostly from derivatives trades by retail customers, so trading activity rather than account size drives revenue. Interest on margin funding adds to it. Most customers join online, though a network of authorised partners still brings in some clients.
In one line: India's Robinhood equivalent for discount broking.
Moat: narrow (scale, brand, network effects). Large, growing active-client base and low-cost digital broking model, though intensely competitive.
Headquarters: Mumbai, India · Founded: 1996 · Employees: 2,942
Size Angel One (ANGELONE.NS) is an India Financials company (Investment Banks/Brokers) with a market value of $3.20B, the 276th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹331.00 on 6 Nov 2026.
Performance Over six months the shares gained 2.6%, against -12.4% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 21.4% over the last twelve months (peer median +6.4%); the operating margin is 28.2% (peer median 27.6%).
Valuation It trades at 23.1× forward earnings against a peer median of 17.4× (4th most expensive of 15).
Next results Next results expected around 18 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹56.7B | ₹51.5B | ₹52.4B | ₹42.8B | ₹30.1B |
| Revenue growth | — | -2% | +22% | +42% | — |
| Gross profit | ₹42.2B | ₹42.2B | ₹42.1B | ₹33.6B | ₹22.8B |
| EBITDA | ₹17.4B | ₹18.2B | ₹19.7B | ₹16.9B | ₹12.9B |
| Net income | ₹11.6B | ₹9.15B | ₹11.7B | ₹11.3B | ₹8.90B |
| Free cash flow | n/a | ₹20.6B | ₹21.8B | ₹32.8B | ₹11.7B |
| Capital expenditure | n/a | ₹808M | ₹1.64B | ₹2.08B | ₹1.14B |
| Total debt | ₹76.3B | ₹79.5B | ₹34.1B | ₹25.4B | ₹7.87B |
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 |
|---|---|---|---|---|---|---|
| Angel One ANGELONE.NS | $3.20B | +3% | +21% | 28% | 23.1× | n/a |
| Motilal Oswal Financial Services MOTILALOFS.NS | $7.03B | +24% | +44% | 31% | 22.1× | n/a |
| Share India Securities SHAREINDIA.NS | $427M | +24% | +27% | 32% | n/a | n/a |
| IIFL Capital Services IIFLCAPS.NS | $1.17B | 0% | +8% | 25% | n/a | n/a |
| Choice International CHOICEIN.NS | $1.76B | +8% | +34% | 27% | 49.8× | 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 | ANGELONE.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.6% | -0.6% | 2nd highest of 21 |
| 6-month return | +2.6% | -12.4% | 3rd highest of 20 |
| Distance from 52-week high | -8.2% | -27.5% | highest of 21 |
| Revenue growth (TTM) | +21.4% | +6.4% | 5th highest of 21 |
| Operating margin | 28.2% | 27.6% | 10th highest of 20 |
| Forward P/E | 23.1× | 17.4× | 4th most expensive of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Angel One ANGELONE.NS | India | $3.20B | +3% | +21% | 28% | 23.1× | n/a | n/a |
| Minmetals Capital 600390.SS | China | $3.15B | -11% | -62% | 60% | 51.9× | n/a | n/a |
| Plus500 PLUS.L | United Kingdom | $3.12B | -26% | +3% | 41% | 10.4× | n/a | n/a |
| Tata Investment TATAINVEST.NS | India | $3.06B | -22% | +18% | 89% | n/a | n/a | n/a |
| HUAXI Securities 002926.SZ | China | $3.01B | -12% | +10% | 36% | 11.4× | n/a | n/a |
| Miami International MIAX | United States | $3.45B | -34% | +14% | 12% | 18.8× | n/a | n/a |
| TP ICAP TCAP.L | United Kingdom | $2.97B | -1% | +4% | 11% | 8.9× | n/a | n/a |
| Pacific Securities 601099.SS | China | $3.47B | -8% | -11% | 14% | n/a | n/a | n/a |
| Kiwoom 039490.KS | South Korea | $3.48B | -53% | +100% | 41% | 2.9× | n/a | n/a |
| Central Depository Services (India) CDSL.NS | India | $2.95B | +5% | +3% | 50% | 52.1× | n/a | n/a |
| J-Yuan Trust 600816.SS | China | $3.50B | -18% | +139% | 13% | n/a | n/a | n/a |
| Guosheng Securities 002670.SZ | China | $2.92B | -20% | -11% | 11% | n/a | n/a | n/a |
| Yongan Futures 600927.SS | China | $2.83B | -12% | -139% | n/a | 24.3× | n/a | n/a |
| flatexDEGIRO FTK.DE | Germany | $2.78B | -27% | +20% | 45% | 11.1× | n/a | n/a |
| Lazard LAZ | United States | $3.74B | -20% | +9% | 11% | 16.7× | n/a | n/a |
| Shanxi Securities 002500.SZ | China | $2.73B | -10% | -3% | 28% | 16.4× | n/a | n/a |
| PJT Partners PJT | United States | $3.80B | -4% | +10% | 21% | 18.0× | n/a | n/a |
| Western Securities 002673.SZ | China | $3.83B | -14% | -2% | 29% | n/a | n/a | n/a |
| Oshidori International 0622.HK | Hong Kong | $2.67B | +52% | +71% | 47% | n/a | n/a | n/a |
| Lincoln International LCLN | United States | $2.65B | n/a | +35% | 28% | 18.3× | n/a | n/a |
| Southwest Securities 600369.SS | China | $3.90B | -8% | -13% | 27% | 20.6× | n/a | n/a |