financial_services

Angel One

ANGELONE · Nifty 50

348.7

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

Sector Positionfinancial_services sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score100/100 (STRONG). 2 positive flags, 4 concerns.
Historical Context62 similar technical setups. Average outcome: -11.9% decline. 0% positive.
Bank HealthROA 2.94% · PB 5.1 · Asset growth 41.5%.

Fundamental

100/100

STRONG

Trust

90/100

Verification

Coverage

44/100

LIMITED

Quick Take

Angel One scores 100/100 on fundamentals (strong). Angel One: BROAD EXPANSION regime.

Fundamental Score: 100/100 · STRONG · 3 signals detected

DuPont Analysis

ROE 11.5% broken into three drivers. Each shows how efficiently the company generates returns.

ROE11.5%=
17.9%Net Margin
×
0.2xTurnover
×
3.9xLeverage

ROE of 11.5% is moderate margin-driven and stable. Net margin of 17.9% × asset turnover of 0.16x × leverage of 3.9x. Low asset turnover is normal for banks.

What This Means

Net margin of 17.9% means the company keeps ₹17.9 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.16x means the company generates ₹0.16 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 3.9x means the company uses significant debt. Higher leverage amplifies returns but also risk.

Margin Structure

Gross

65.7%

Operating

33.7%

Net

17.9%

improving

Gross margin 65.7% → operating margin 33.7% → net margin 17.9%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.

Financial Health

Debt Sustainability

ADEQUATE

Interest covered 3.8x — adequate buffer. Debt is manageable. Debt/EBITDA at 5.6x is high — monitor leverage.

Peer Comparison

Angel One is compared against 10 peers in the financial_services sector.

Bank Metrics

Return on Assets

2.94%

Benchmark: >1%

Efficiency Ratio

82.1%

Lower is better

Asset Growth

+41.5%

Year over year

PB Ratio

5.1x

Price to book

ROA of 2.94% is strong (benchmark: >1% for banks). Strong asset utilization. P/B of 5.07x — trading above book. Premium valuation — market pricing in high growth expectations.

Key Watchpoints

🟢

Breaks above ₹366 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹331 (-5%)

Further downside risk

🟢

Financial_Services sector entering leadership

Sector rotation signal

Detected Patterns

➡️ Leverage Slowly Rising: Debt growing faster (132.9%) than equity (8.8%)
✅ Strong ROA: ROA of 2.94% — above 1% benchmark for banks
✅ Strong Loan Book Growth: Assets growing 41.5% — loan book expansion

Risk Flags

🔴 2 Critical⚠️ 2 Warning2 Positive6 total flags
🔴Cash covers only 1% of current liabilities
Balance Sheet

Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.

🔴Operating cash flow significantly below net income
Cash Flow

OCF is only -5.9x net income. Profit not converting to cash — aggressive accounting possible.

⚠️99% of debt is short-term
Balance Sheet

High refinancing risk. Company needs to roll over debt frequently. Vulnerable to credit market freezes.

⚠️Working capital changes are 139% of operating cash flow
Cash Flow

Working capital is consuming significant cash. Operational efficiency declining.

Minimal unusual items — clean earnings
Earnings Quality

Profits are from core operations, not one-offs. High quality.

Receivables decreasing — 40.0% of revenue
Cash Flow

Collection cycle changing. Collection improving — positive for cash flow.

🔴 2 CRITICAL flags — significant concerns. Investigate before investing.

Data Quality

90/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
⚠️ Our margin analysis (improving) contradicts news reports of margin pressure — investigate

50 articles scanned for fundamental themes

Facts

P/E Ratio
34.5UNAVAILABLE
P/B Ratio
5.1HIGH
Market Cap
₹3100821.1L CrHIGH
From 52W High
99% of high
Sector Peers
10
Angel One Stock Analysis, Valuation, Fundamentals & Intelligence | FynSight