Anand Rathi Wealth Limited stock zoomed more than 2 percent today and currently trades at Rs 848. It hit the 52-week high mark at a price of Rs 884.55 showcasing an upside of around 6.5 percent from the previous closing levels of Rs 830.25. In the last six months, the stock has provided returns of approximately 22 percent to its stakeholders.
Through a press release filed with the exchange yesterday, the company gave numbers pertaining to financial parameters such as revenues, AUM, etc. Comparing Q4 of FY22-23 with the same period previous year, the company reported a 28 percent growth in the total revenues ranging from Rs 115 crores to 147 crores.
Likewise, the PAT figures of the company increased by 23 percent which is from Rs 35 crores to 43 crores within the same timeframe discussed above.
Anand Rathi Financial Services, founded in 1994, is an investment bank with a primary focus on mid-cap growth companies. The firm provides mergers and acquisitions (M&A), private placements, restructuring, and advisory services.
Its Private Wealth segment, Anand Rathi Wealth Limited, is one of India’s leading non-bank wealth solutions firms catering to high and ultra-high net worth individuals (HNIs) with well-defined uncomplicated wealth solutions.
Having a walkthrough of the numbers reported, the revenues and net profits of the company have moved in opposing directions with revenues moving from Rs 138 crores in Q3 to Rs 147 crores in Q4 and, net profits, on a contrasting note, shifted from Rs 43.2 crores in Q3 to Rs 42.7 crores in Q4.
On a YoY basis, the profitability metrics of the company have also been on the rise with ROE moving from 21.2 percent in FY20-21 to 44.05 percent in FY21-22. Moreover, the ROCE percentage has improved from 26.19 percent in FY20-21 to 52.74 percent in FY21-22.
The debt to equity ratio of the company has been observed to be reduced with the most recent movement from 0.14 in FY20-21 to 0.07 in FY21-22.
As per the data available for the quarter ending December 2022, promoters hold a 48.74 percent stake in the company and FIIs hold a 0.81 percent stake.
Written by Amit Madnani
