Angel One Limited (ANGELONE.NS) Bundle
A Brief History of Angel One Limited
Angel One Limited, formerly known as Angel Broking, was established in 1987. The company is a prominent player in the Indian financial services sector, primarily engaged in stock broking, investment, and advisory services.
In 2019, Angel One transformed from a traditional brokerage firm into a technology-driven online platform, enhancing its services to cater to a wider audience. The initiative positioned the company at the forefront of digital trading in India.
In October 2020, Angel One became a publicly traded company by launching its Initial Public Offering (IPO). The IPO was priced at ₹306 per share and raised approximately ₹600 crores. It received significant attention, with a subscription rate of around 38 times the offered shares, highlighting strong investor interest.
As of the end of FY 2022-23, Angel One reported a total revenue of approximately ₹1,243 crores, exhibiting a year-on-year growth of 36%. The company achieved a net profit of ₹339 crores, reflecting a substantial increase of 49% compared to FY 2021-22.
Financial Metric | FY 2021-22 | FY 2022-23 | Growth (%) |
---|---|---|---|
Total Revenue | ₹913 crores | ₹1,243 crores | 36% |
Net Profit | ₹228 crores | ₹339 crores | 49% |
Active Clients | 2.3 million | 3.5 million | 52% |
Total Assets Under Management | ₹25,000 crores | ₹35,000 crores | 40% |
In June 2021, Angel One launched the Angel One App, further simplifying the trading experience for users. The app recorded over 10 million downloads within the first year, showcasing the company's successful pivot to digital solutions.
The firm's strategy has been directed towards diversifying revenue sources, including expanding into mutual funds and insurance products. By the close of FY 2022-23, Angel One had successfully onboarded various third-party asset management firms, increasing its product offerings.
As part of its expansion strategy, Angel One has also engaged in collaborations with multiple fintech firms to leverage technology. By the end of Q1 FY 2023-24, Angel One reported a significant increase in its market share, reaching approximately 10.5% of the retail brokerage market in India.
Furthermore, in September 2023, Angel One announced the launch of its new initiative aimed at financial literacy, targeting the youth demographic in India. This initiative is expected to bolster its brand visibility and attract a new segment of investors.
As of October 2023, Angel One's stock is traded on the National Stock Exchange of India (NSE) under the ticker symbol "ANGELBRKG." The stock price fluctuated around ₹400, representing a year-to-date increase of approximately 30%, underscoring investor confidence in the company's growth trajectory.
Throughout its history, Angel One has navigated various market conditions, adapting its business model to meet changing consumer preferences, which has been pivotal in its sustained growth and market relevance.
A Who Owns Angel One Limited
Angel One Limited, a prominent player in the Indian financial services sector, has seen significant ownership changes and stakeholder developments over the years. As of the latest data, the ownership structure is diversified among various institutional and retail investors.
Owner Type | Percentage Ownership | Owner Name |
---|---|---|
Promoters | 50.99% | Angel Group |
Foreign Portfolio Investors (FPI) | 25.32% | Various Institutions |
Mutual Funds | 10.71% | Multiple AMCs |
Retail Investors | 7.45% | Public Shareholders |
Others | 5.53% | Private Investors |
The major stakeholder, Angel Group, continues to hold a substantial stake, reflecting confidence in the growth trajectory of the company. Notably, as of the last reported fiscal quarter, Angel One's market capitalization stood at approximately ₹8,000 crore.
In terms of shareholding, the company's shares have seen significant trading volumes, with an average daily turnover of ₹100 crore on the National Stock Exchange (NSE). During the last fiscal year, Angel One reported a revenue of ₹1,100 crore, showcasing a robust year-on-year growth rate of 35%.
Furthermore, the company has been actively engaging in shareholder value creation. It announced a dividend payout of ₹5 per share during its last annual general meeting, aligning with its policy of returning excess capital to shareholders.
With increasing interest from domestic and international investors, Angel One Limited is well-positioned for future growth, largely due to its innovative product offerings and broad customer base. The evolution of ownership and the strategic emphasis on customer acquisition and retention are pivotal as the company navigates a highly competitive landscape in the financial services industry.
Angel One Limited Mission Statement
Angel One Limited, formerly known as Angel Broking, is a prominent player in the Indian financial services sector. The company's mission statement emphasizes its commitment to empowering clients through technology and providing accessible, affordable, and effective financial solutions.
The company focuses on making investments simple and transparent, aiming to democratize access to financial markets for all individuals, from novice investors to seasoned traders.
As of March 2023, Angel One had over 8 million registered users on its platform, signifying its growth and the popularity of its services. Its technology-driven investment solutions have made it one of the leading players in the discount broking segment in India.
Key Performance Indicator | Value |
---|---|
Total Active Clients | 8 million |
Total Revenue (FY 2023) | ₹1,100 crore (approx. $132 million) |
Net Profit (FY 2023) | ₹380 crore (approx. $46 million) |
Market Capitalization (as of October 2023) | ₹10,500 crore (approx. $1.27 billion) |
Percentage Growth in Active Clients (2022-2023) | 30% |
Angel One's mission is underpinned by its focus on simplicity and transparency. The company utilizes advanced technology, such as AI and machine learning, to enhance user experience and facilitate financial decision-making.
In alignment with its mission, Angel One offers a range of services, including share trading, mutual funds, insurance, and loans, all designed to be user-friendly and efficient. The company's mobile application, Angel Broking App, has received over 10 million downloads on the Google Play Store, underscoring its commitment to providing quality investment services.
Additionally, Angel One's focus on education is evident through its initiatives that aim to enhance financial literacy among the masses. The company regularly conducts webinars and workshops, and it has created a wealth of educational content accessible to all users.
As of October 2023, Angel One has maintained a high client retention rate, reflecting the effectiveness of its personalized financial advice and customer engagement strategies. The average ticket size for transactions has seen a considerable increase, indicative of deeper client relationships and trust in the company's advisory services.
The company's mission statement aligns with its operational strategies, positioning it as a front-runner in the rapidly evolving financial service landscape in India.
How Angel One Limited Works
Angel One Limited, formerly known as Angel Broking, is a financial services company based in India that operates primarily in the retail brokerage sector. The company offers services including stock broking, investment advisory, and wealth management through its advanced technology platform.
Angel One uses a digital platform to facilitate trades across various asset classes, including equities, derivatives, and commodities. As of September 2023, the company reported a total client base of over 10 million retail clients, which establishes it as one of the leading brokerage firms in India.
The company's revenue model relies heavily on commissions earned from trading activities. Angel One typically charges a flat brokerage fee of ₹20 per trade, regardless of the trade size, promoting higher trading volumes among clients.
Financial Metric | Q1 FY 2024 | Q1 FY 2023 |
---|---|---|
Total Revenue | ₹580 crore | ₹440 crore |
Net Profit | ₹170 crore | ₹125 crore |
Earnings Per Share (EPS) | ₹9.75 | ₹7.50 |
Assets Under Management (AUM) | ₹21,000 crore | ₹15,000 crore |
Angel One's technological edge is a significant differentiator. The company employs a robust algorithmic trading engine, which facilitates high-frequency trading and real-time data analytics for users. In 2023, the platform registered an average daily trading volume of approximately ₹70,000 crore.
The operational framework of Angel One is structured to enhance user experience. The company invests heavily in technology and innovation, with a reported expenditure of ₹50 crore in technology advancements over the last fiscal year. This investment directly translates to improved services such as real-time market access, analytical tools, and mobile app functionalities.
Additionally, Angel One Limited has made strides in financial literacy programs, aiming to educate new investors about the stock market. As of 2023, the company has conducted workshops reaching approximately 500,000 individuals.
The competitive landscape for Angel One includes both traditional brokerages and fintech startups. The company aims to maintain its market share by continuing to diversify its offerings, including mutual fund distribution and insurance products, with mutual fund AUM crossing ₹5,000 crore in Q1 FY 2024.
Angel One's strategic partnerships with various financial institutions further enhance its service offerings. These collaborations enable the firm to provide value-added services such as personalized investment advice and portfolio management, assisting clients in navigating market complexities.
In the competitive retail brokerage sector, Angel One has positioned itself effectively, leveraging its technology-driven approach to attract younger investors, a demographic that increasingly dominates the market. The continued growth in retail investing, particularly post-pandemic, has aided the firm's expansion, with a year-on-year increase in client acquisition of 30%.
How Angel One Limited Makes Money
Angel One Limited is a prominent Indian financial services company that operates in the stock brokerage industry. The company primarily earns its revenue through various channels, including brokerage fees, distribution of financial products, and other financial services.
1. Brokerage Revenue
Brokerage fees are a significant source of income for Angel One. The company charges commissions on equity, commodities, and currency derivatives transactions. As of the latest financial year, Angel One reported a total revenue of ₹1,270 crores with brokerage income contributing approximately 70% of this total.
2. Revenue Breakdown
Segment | Revenue (in ₹ crores) | Percentage of Total Revenue |
---|---|---|
Brokerage Fees | 889 | 70% |
Other Financial Services | 254 | 20% |
Financial Product Distribution | 127 | 10% |
3. Financial Product Distribution
Alongside its brokerage services, Angel One also earns from distributing mutual funds, insurance, and other financial products. This segment accounted for ₹127 crores, representing 10% of its total revenue, as stated in their financial report for the fiscal year 2022-2023.
4. Technology and Digital Services
Angel One has invested significantly in technology, offering a range of digital services. The company’s trading platform has attracted millions of users. As of June 2023, the company reported a client base of over 14 million active retail customers, which directly boosts its revenue through increased trading volume.
5. Other Financial Services
Angel One provides additional services, such as advisory services and portfolio management, which generally attract high-net-worth individuals and institutions. This segment contributed ₹254 crores to the total revenue, making up 20% of the company’s income.
6. Market Position and Competition
Angel One competes with other major players like Zerodha, Upstox, and ICICI Direct. The active competition has generally led to lower brokerage fees in the industry, pressuring profit margins. However, Angel One has managed to maintain a competitive edge with aggressive marketing and a robust technology infrastructure.
7. Profitability and Financial Indicators
In the fiscal year ending March 2023, Angel One reported a net profit margin of 36%, reflecting efficient operations compared to the industry average, which hovers around 25%. The company's operating profit for the same period stood at ₹460 crores.
8. Future Projections
Looking ahead, the company plans to expand its services and improve user engagement through enhanced financial products. With the Indian market predicted to grow at a CAGR of 12% from 2023-2028, Angel One is positioned to capitalize on this growth.
9. Conclusion
The financial landscape for trading platforms like Angel One continues to evolve. The company’s diverse revenue streams and strong digital presence are vital in navigating this competitive arena.
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