The shares of one of the leading players in India’s wealth management sector, specializing in delivering customized financial solutions to high-net-worth individuals (HNIs), families, and institutional clients, jumped upto 5 percent upon announcing the record date for a Bonus Issue of 1:1.
Price action
With a market capitalization of Rs. 16,668.68 crores on Friday, the shares of Anand Rathi Wealth Limited jumped upto 5.1 percent making a high of Rs. 4061.00 per share compared to its previous closing price of Rs. 3860.65 per share.
What Happened
Anand Rathi Wealth Limited engaged in delivering customized financial solutions to high-net-worth individuals (HNIs), families, and institutional clients has fixed March 5, 2025, as the record date for determining the eligible members for the issue of bonus equity shares and March 6, 2025, as the deemed date for allotment.
The company will issue 4,15,10,317 fully paid-up bonus equity shares in a 1:1 ratio, where one fully paid-up equity share will be issued for every existing one equity share held, with a face value of Rs. 5.
About the company
Anand Rathi Wealth Limited is a prominent wealth management firm in India, offering a range of financial services, including investment advisory, portfolio management, and financial planning. The company caters to high-net-worth individuals (HNIs) and institutional clients, providing personalized wealth management solutions that align with their financial goals.
Key Insights
The company has strong financial performance with an average Return on Equity (ROE) of 13.48 percent over the last three years. Additionally, it has maintained an average Return on Capital Employed (ROCE) of 17.15 percent during the same period. The company has also achieved an impressive average revenue growth of 39.76 percent over the past three years, coupled with a solid net profit growth of 71.68 percent.
Financials
The company’s revenue rose by 30.4 percent from Rs. 187.26 crore to Rs. 244.21 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs 58.04 crore to Rs. 77.3 crore during the same period.
Written by Sridhar J
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