ANGEL ONE

ANGEL ONE-Buy for Decent Upside* Despite continued better financials, stock has come down 35% from recent high which makes it an excellent Buy FV: ₹10 CMP: ₹1281 52W H: ₹2022 MCap: ₹10700 crores *H1-2023 vs. H1-2022 & FY2022 Financials - crores* Income 1403 1008 2297 PBT 528 342 836 PAT 395 256 624 EPS ₹ 47.53 31.08 75.75 EPS for FY2023 is expected to be ₹109* As per its announcements to stock exchanges in business update and board meeting to be held on January 16, expected 3rd Interim Dividend with Q3 excellent earnings.* 1️⃣ Trading at lowest of PE 13.97 compared to Sector PE of 40.28 2️⃣ Highest Dividend Yield of 2.11% than any other listed company in the same sector. Maintaining a healthy Dividend Payout of 31.1%. 3️⃣ Angel One has delivered Profit Growth of 82.4% CAGR over last 5 years. 4️⃣ Its has a good Return on Equity (ROE) track record of 36.3% for the past 3 years. 5️⃣ Shareholding of Promoters is 56.29%, Nippon India Growth Fund is 5.70%, International Finance Corporation is 5.22%, Small Cap World Fund is 1.11%, Hornill Orchid India Fund is 1.21%, HNIs are 15.28%.