Anand Rathi Wealth Limited (ANANDRATHI) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Anand Rathi Wealth Limited stock ₹432, price ₹2,385, that is 81.9% below the price, quality 70 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
59‑month range ₹131.37 – ₹998,042 · fair‑value band ₹232.33 – ₹711.97 · the ₹2,385 price screens above the ₹431.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Anand Rathi Wealth Limited engages in the distribution and sale of financial products in India. The company offers wealth solutions.
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It also operates Omni Financial Advisor, a technology platform for mutual fund distributors and independent financial advisors, which include client reporting, business dashboard, client engagement, online mutual fund transactions, and goal planning products.
In addition, the company is involved in business brokerage activities. It serves high net-worth individuals and ultra-high net-worth individuals. The company was formerly known as Anand Rathi Wealth Services Limited and changed its name to Anand Rathi Wealth Limited in January 2021.
Anand Rathi Wealth Limited was founded in 1994 and is headquartered in Mumbai, India.
Stock analysis
Anand Rathi Wealth Limited (ANANDRATHI) currently trades at ₹2,385, while our model-based Fair Value estimate is ₹431.71, 82% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹991.09 per share, and 0 of the 13 models we run sit above the ₹2,385 price.
Bear case: the Dividend Discount group reads lowest at ₹153.61, and 13 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹232.33 (bear) to ₹711.97 (bull), the price of ₹2,385 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Anand Rathi Wealth Limited reported revenue of ₹12.5B in FY2026 versus ₹4.2B in FY2022, a compound +31.6%/yr. Reported net income was ₹4.0B in FY2026, compounding +32.9%/yr from FY2022.
Key figures
Market cap ₹400B (≈ $4.3B) Mid · P/E ratio 87.9 · P/S ratio 27.6 · EPS (TTM) ₹27.14 · Dividend yield 0.3% · Net margin 31.4% · Return on equity 43.0% · Return on assets (EBIT) 42.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 87 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 68% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −82%, ANANDRATHI screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹31.72 to ₹1,130). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹232.33Fair Value ₹431.71Bull₹711.97
Price ₹2,385 · Downside -81.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹12.16 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+27.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+31.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.4%
Start year 2021 (pandemic). Over 10 years: +110.9% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+81.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+26.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.2%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.26.2% vs 97.6%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 43%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+51.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +45.0% a year for the price.
Compare Anand Rathi Wealth Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 633 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−81.9% · Bottom 25%
Profitability
Return on equity (12 months)43.0% · Top 25%
Return on assets29.8% · Top 25%
Net margin (12 months)31.4% · Above median
Operating margin (12 months)33.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)16.1% · Above median
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Anand Rathi Wealth Limited (ANANDRATHI) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ₹431.71 versus a price of ₹2,385, about 82% lower (overvalued).
What is the fair value of ANANDRATHI?
Our model-based fair value for Anand Rathi Wealth Limited is ₹431.71 (as of Nov 8, 2026), built from audited fundamentals. The current price: ₹2,385.
What is the quality score of ANANDRATHI?
Anand Rathi Wealth Limited has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Anand Rathi Wealth Limited (ANANDRATHI)?
Our model-based price target is the fair value of ₹431.71 (as of Nov 8, 2026) from 13 valuation models. Cautious scenario ₹232.33, optimistic scenario ₹711.97. It is a calculation from audited fundamentals, not an analyst target.
What is the Anand Rathi Wealth Limited stock forecast for 2026?
Our models put fair value at ₹431.71, about 82% lower versus a price of ₹2,385 (overvalued). Cautious scenario ₹232.33, optimistic scenario ₹711.97. The calculation is refreshed regularly with new filings.
What is the revenue of Anand Rathi Wealth Limited (ANANDRATHI)?
Anand Rathi Wealth Limited reported trailing-twelve-month revenue of about ₹14.5B (latest available figure, as of Nov 8, 2026).
Does Anand Rathi Wealth Limited pay a dividend?
Anand Rathi Wealth Limited currently shows a dividend yield of 0.31% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Anand Rathi Wealth Limited (ANANDRATHI) and when is the ex-dividend date?
Anand Rathi Wealth Limited pays a dividend of ₹7.50 per share a year, a dividend yield of 0.3%. The last ex-dividend date was Oct 15, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 27.6% of earnings. Free cash flow covers the dividend 2.38 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Anand Rathi Wealth Limited (ANANDRATHI)?
For today's price to be fair in a discounted-cash-flow model, Anand Rathi Wealth Limited would have to grow free cash flow by +51.0 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +36.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of ANANDRATHI use?
Our models discount Anand Rathi Wealth Limited at 10.9 %: a base by market capitalisation (mid), damped by beta 0.35, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Anand Rathi Wealth Limited that is +51.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Anand Rathi Wealth Limited (ANANDRATHI) delivered so far?
Over the past 5 years revenue at Anand Rathi Wealth Limited grew +36.4 % a year. The price currently implies free-cash-flow growth of +51.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Anand Rathi Wealth Limited (ANANDRATHI) growing?
The median revenue growth in the sector is +8.9 % a year. That is the yardstick for the growth priced into Anand Rathi Wealth Limited (+51.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Anand Rathi Wealth Limited (ANANDRATHI)?
The free-cash-flow yield on the price is 0.74 %: that much free cash flow Anand Rathi Wealth Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Anand Rathi Wealth Limited (ANANDRATHI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Anand Rathi Wealth Limited it is ₹431.71 per share (as of Nov 8, 2026), against a price of ₹2,385. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Anand Rathi Wealth Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ANANDRATHI trades above its calculated fair value: price ₹2,385, fair value ₹431.71, a gap of about −82% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ANANDRATHI?
No. The price is what the market pays today (₹2,385); the fair value is what the company's own numbers justify (₹431.71). For Anand Rathi Wealth Limited the two are ₹1,953 per share apart. That gap is exactly why we show both numbers side by side.
How much is Anand Rathi Wealth Limited worth?
The market values Anand Rathi Wealth Limited at about ₹400B (market capitalisation, as of Nov 8, 2026). Per share that is ₹2,385; our models calculate a fair value of ₹431.71 per share.
What do the bullish and bearish scenarios say about ANANDRATHI?
Our models span a range for Anand Rathi Wealth Limited: cautious scenario ₹232.33, base ₹431.71, optimistic ₹711.97 per share (as of Nov 8, 2026, price ₹2,385). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ANANDRATHI?
Anand Rathi Wealth Limited trades at a price-to-earnings ratio of 87.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹431.71 is built from several models across several years. Other multiples: P/B 40.1, P/S 27.6, EV/EBITDA 63.4.
How solid is the balance sheet of Anand Rathi Wealth Limited (ANANDRATHI)?
Balance-sheet figures for Anand Rathi Wealth Limited (as of Nov 8, 2026): return on equity 43.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is ANANDRATHI from its 52-week high?
Anand Rathi Wealth Limited trades at ₹2,385, at its 52-week high of ₹2,385 and 68% above the low of ₹1,416 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹431.71 is for.
Which stocks are comparable to Anand Rathi Wealth Limited?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Asset Management Ltd, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Anand Rathi Wealth Limited stock attractive at the current price?
The data as of Nov 8, 2026: price ₹2,385, calculated fair value ₹431.71 (−82%), Quality Score 70/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ANANDRATHI calculated?
We run Anand Rathi Wealth Limited through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹431.71 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Anand Rathi Wealth Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Anand Rathi Wealth Limited (ANANDRATHI)?
The closing price on Nov 11, 2026 was ₹2,385. Our model-based fair value is ₹431.71, about 82% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Anand Rathi Wealth Limited right now?
The price sits above even our optimistic bull case (₹711.97). The favourable scenario is already priced in. The model range is unusually wide (₹232.33 to ₹711.97). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (70/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Anand Rathi Wealth Limited
How large is the market capitalisation of Anand Rathi Wealth Limited (ANANDRATHI)?
The market capitalisation of Anand Rathi Wealth Limited is ₹400B (≈ $4.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Anand Rathi Wealth Limited (ANANDRATHI)?
The price-to-sales ratio of Anand Rathi Wealth Limited is 27.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Anand Rathi Wealth Limited (ANANDRATHI)?
Earnings per share at Anand Rathi Wealth Limited are ₹27.14 (price ÷ EPS = P/E 87.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Anand Rathi Wealth Limited (ANANDRATHI)?
The dividend yield of Anand Rathi Wealth Limited is 0.3% (payout 27.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Anand Rathi Wealth Limited (ANANDRATHI)?
The net margin of Anand Rathi Wealth Limited is 31.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Anand Rathi Wealth Limited (ANANDRATHI)?
The return on equity (ROE) of Anand Rathi Wealth Limited is 43.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Anand Rathi Wealth Limited (ANANDRATHI)?
On an EBIT basis the return on assets of Anand Rathi Wealth Limited is 42.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Anand Rathi Wealth Limited (ANANDRATHI)?
The operating margin of Anand Rathi Wealth Limited is 33.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Anand Rathi Wealth Limited (ANANDRATHI)?
Revenue at Anand Rathi Wealth Limited is growing +16.1% versus a year earlier (3y avg +31.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Anand Rathi Wealth Limited (ANANDRATHI)?
Earnings per share at Anand Rathi Wealth Limited are growing −11.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Anand Rathi Wealth Limited (ANANDRATHI) hold?
Anand Rathi Wealth Limited holds more cash than debt, ₹1.6B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026