AgenciesRelated
ICICI Securities has buy call on Angel One with a target price of Rs 2230. The current market price of Angel One Ltd. is Rs 1763. Time period given by analyst is one year when Angel One Ltd. price can reach defined target.
Angel One Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 13457.09 Crore) operating in Financial Services sector.
Angel One Ltd. key Products/Revenue Segments include Fees & Commission Income, Interest and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 685.32 Crore, up 12.88 % from last quarter Total Income of Rs 607.11 Crore and up 63.62 % from last year same quarter Total Income of Rs 418.86 Crore. Company reported net profit after tax of Rs 204.69 Crore in latest quarter.
Investment Rationale
Angel One (Angel) successfully maintained its business momentum in Q4FY22 with 101%/24% YoY/QoQ PAT growth. It estimates PAT CAGR of 15% over FY22- FY24E and value the stock at 22x FY24E EPS of Rs101 (earlier: FY23E EPS of Rs86.5). It maintains BUY with a revised target price of Rs2,230 (earlier: Rs1,900).
Promoter/FII Holdings
Promoters held 44.0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 8.96 per cent, DIIs 10.33 per cent.
Angel One Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 13457.09 Crore) operating in Financial Services sector.
Angel One Ltd. key Products/Revenue Segments include Fees & Commission Income, Interest and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 685.32 Crore, up 12.88 % from last quarter Total Income of Rs 607.11 Crore and up 63.62 % from last year same quarter Total Income of Rs 418.86 Crore. Company reported net profit after tax of Rs 204.69 Crore in latest quarter.
Investment Rationale
Angel One (Angel) successfully maintained its business momentum in Q4FY22 with 101%/24% YoY/QoQ PAT growth. It estimates PAT CAGR of 15% over FY22- FY24E and value the stock at 22x FY24E EPS of Rs101 (earlier: FY23E EPS of Rs86.5). It maintains BUY with a revised target price of Rs2,230 (earlier: Rs1,900).
Promoter/FII Holdings
Promoters held 44.0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 8.96 per cent, DIIs 10.33 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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