Cash flow Anand Rathi Wealth Limited

Equities

ANANDRATHI

INE463V01026

Investment Management & Fund Operators

Market Closed - NSE India S.E. Other stock markets 07:05:02 2026-03-12 am EDT			5-day change	1st Jan Change
3,075.10 ^INR	-1.60%		-3.84%	-1.20%

Feb. 16	Anand Rathi Wealth Limited Incorporates Wholly-Owned Subsidiary Company Anand Rathi FME Private Limited	CI
Feb. 05	Anand Rathi Wealth Limited Announces Cessation of Mohan Vasant Tanksale as Independent Director, Effective February 5, 2026	CI

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Published financial data: ANAND RATHI WEALTH LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	2.65B	4.17B	5.49B	7.24B	9.39B
Gain (Loss) on Sale of Investment, Total (Rev)	26.5M	25.74M	21.82M	66.23M	131M
Interest And Invest. Income (Rev)	51.26M	45.09M	74.29M	209M	278M
Other Revenues, Total	21.8M	10.56M	834K	1.4M	7.12M
Total Revenues	2.75B	4.26B	5.58B	7.52B	9.81B
Cost of Goods Sold, Total	1.52B	1.91B	2.42B	3.22B	4.2B
Gross Profit	1.24B	2.34B	3.17B	4.3B	5.61B
Selling General & Admin Expenses, Total	52.45M	128M	-	276M	339M
Provision for Bad Debts	6.03M	-	-	-	-
Depreciation & Amortization - (IS)	173M	157M	166M	194M	255M
Other Operating Expenses	340M	360M	681M	707M	846M
Other Operating Expenses, Total	571M	644M	847M	1.18B	1.44B
Operating Income	665M	1.7B	2.32B	3.12B	4.17B
Interest Expense, Total	-28.98M	-20.19M	-39.34M	-64.67M	-115M
Net Interest Expenses	-28.98M	-20.19M	-39.34M	-64.67M	-115M
Other Non Operating Income (Expenses)	-	-	1K	-	-
EBT, Excl. Unusual Items	636M	1.68B	2.28B	3.06B	4.05B
Impairment of Goodwill	-	-	-	-	-4.15M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	636M	1.68B	2.28B	3.06B	4.05B
Income Tax Expense	185M	409M	597M	798M	1.04B
Earnings From Continuing Operations	451M	1.27B	1.68B	2.26B	3.01B
Earnings Of Discontinued Operations	-	-	183K	-	-
Net Income to Company	451M	1.27B	1.68B	2.26B	3.01B
Minority Interest	-210K	-725K	-1.95M	-8.48M	-9.64M
Net Income - (IS)	451M	1.27B	1.68B	2.25B	3B
Net Income to Common Incl Extra Items	451M	1.27B	1.68B	2.25B	3B
Net Income to Common Excl. Extra Items	451M	1.27B	1.68B	2.25B	3B
Per Share Items
Net EPS - Basic	5.51	15.24	20.17	26.95	36.05
Basic EPS - Continuing Operations	5.51	15.24	20.16	26.95	36.05
Basic Weighted Average Shares Outstanding	81.84M	83.14M	83.34M	83.49M	83.17M
Net EPS - Diluted	5.43	15.18	20.07	26.91	36.05
Diluted EPS - Continuing Operations	5.43	15.18	20.07	26.91	36.05
Diluted Weighted Average Shares Outstanding	82.99M	83.49M	83.72M	83.59M	83.17M
Normalized Basic EPS	4.85	12.6	17.07	22.78	30.34
Normalized Diluted EPS	4.79	12.54	16.99	22.75	30.34
Dividend Per Share	1.25	5.5	6	7	5.25
Payout Ratio	15.25	21.89	27.29	22.25	22.25
Supplemental Items
EBITDA	686M	1.72B	2.37B	3.18B	4.25B
EBITA	665M	1.7B	2.32B	3.12B	4.17B
EBIT	665M	1.7B	2.32B	3.12B	4.17B
EBITDAR	-	1.75B	-	3.23B	4.3B
Total Revenues (As Reported)	2.79B	4.26B	5.58B	7.52B	9.81B
Effective Tax Rate - (Ratio)	29.07	24.38	26.18	26.11	25.7
Current Domestic Taxes	-	-	-	-	1.01B
Total Current Taxes	179M	405M	563M	762M	1.01B
Deferred Domestic Taxes	-	-	-	-	29.05M
Total Deferred Taxes	6.14M	3.48M	33.64M	35.95M	29.05M
Normalized Net Income	397M	1.05B	1.42B	1.9B	2.52B
Interest on Long-Term Debt	80K	12.32M	16.73M	29.55M	52.11M
Non-Cash Pension Expense	1.29M	564K	987K	2.46M	1.84M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	221M	284M
Marketing Expenses	52.45M	98.57M	-	-	-
Selling and Marketing Expenses	52.45M	98.57M	-	221M	284M
Net Rental Expense, Total	-	29.11M	-	54.8M	55.2M
Imputed Operating Lease Interest Expense	-	10.83M	-	64.15M	77.83M
Imputed Operating Lease Depreciation	-	18.28M	-	-9.35M	-22.63M
Maintenance & Repair Expenses, Total	9.01M	-	-	-	-
Stock-Based Comp., COGS (Total)	64.79M	29.1M	28.22M	56.96M	-
Total Stock-Based Compensation	64.79M	29.1M	28.22M	56.96M	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	653M	871M	602M	331M	441M
Short Term Investments	470K	-	-	-	-
Trading Asset Securities, Total	110M	93.51M	1.3B	1.54B	1.02B
Total Cash And Short Term Investments	764M	965M	1.9B	1.87B	1.46B
Accounts Receivable, Total	113M	158M	179M	320M	387M
Other Receivables	3.38M	22.57M	27.14M	40.44M	75.81M
Notes Receivable	11.53M	-	-	-	-
Total Receivables	128M	181M	207M	361M	462M
Prepaid Expenses	8.18M	23.52M	23.31M	15.09M	25.21M
Other Current Assets, Total	41.4M	843M	1.35B	3.84B	3.29B
Total Current Assets	942M	2.01B	3.48B	6.09B	5.24B
Gross Property Plant And Equipment	1.2B	1.28B	1.56B	1.8B	2.39B
Accumulated Depreciation	-315M	-341M	-454M	-467M	-664M
Net Property Plant And Equipment	885M	939M	1.11B	1.33B	1.73B
Long-term Investments	1.02B	1.04B	1.06B	1.11B	2.43B
Goodwill	29.01M	29.01M	29.01M	29.01M	24.86M
Other Intangibles, Total	322M	271M	223M	174M	126M
Loans Receivable Long-Term	20.48M	-	-	-	-
Deferred Tax Assets Long-Term	45.02M	38.07M	4.76M	-	-
Other Long-Term Assets, Total	133M	477M	342M	63.55M	66.9M
Total Assets	3.39B	4.8B	6.24B	8.8B	9.61B
Liabilities
Accounts Payable, Total	2.03M	-	3.15M	206K	670K
Accrued Expenses, Total	334M	655M	936M	1.28B	1.74B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	83.96M	83.44M	83.31M	83.58M	38.08M
Current Portion of Leases	78.1M	57.55M	57.31M	84.96M	120M
Current Income Taxes Payable	180K	109K	-	1.76M	10K
Unearned Revenue Current, Total	-	21.64M	24.2M	28.29M	31.12M
Other Current Liabilities	42.12M	158M	70.57M	292M	25.13M
Total Current Liabilities	541M	976M	1.17B	1.77B	1.96B
Long-Term Debt	250M	166M	84.85M	1.27M	180M
Long-Term Leases	63.24M	85.4M	142M	347M	455M
Pension & Other Post Retirement Benefits	11.64M	21.26M	38.86M	35.73M	82.76M
Deferred Tax Liability Non Current	-	-	-	31.04M	59.59M
Total Liabilities	865M	1.25B	1.44B	2.18B	2.74B
Common Stock, Total	138M	208M	208M	209M	415M
Additional Paid In Capital	379M	400M	429M	516M	330M
Retained Earnings	2.05B	2.97B	4.19B	5.94B	6.23B
Comprehensive Income and Other	-150M	-141M	-150M	-180M	-234M
Total Common Equity	2.41B	3.44B	4.68B	6.49B	6.74B
Minority Interest	116M	117M	119M	127M	137M
Total Equity	2.53B	3.55B	4.8B	6.62B	6.88B
Total Liabilities And Equity	3.39B	4.8B	6.24B	8.8B	9.61B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	83.23M	83.23M	83.38M	83.66M	83.02M
ECS Total Common Shares Outstanding	82.54M	83.23M	83.38M	83.66M	83.02M
Book Value / Share	29.23	41.29	56.16	77.56	81.18
Tangible Book Value	2.06B	3.14B	4.43B	6.29B	6.59B
Tangible Book Value Per Share	24.98	37.68	53.14	75.14	79.36
Total Debt	475M	392M	367M	517M	793M
Net Debt	-289M	-572M	-1.53B	-1.36B	-668M
Debt Equivalent of Unfunded Proj. Benefit Obligation	11.68M	21.27M	38.98M	35.91M	84.94M
Debt Equivalent Oper. Leases	-	233M	-	438M	442M
Minority Interest, Total (Incl. Fin. Div)	116M	117M	119M	127M	137M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	-	714M	763M	763M	763M
Machinery, Total	126M	166M	283M	282M	582M
Full Time Employees	622	717	834	1.01K	1.16K

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	451M	1.27B	1.68B	2.25B	3B
Depreciation & Amortization - CF	121M	106M	117M	145M	207M
Amortization of Goodwill and Intangible Assets - (CF)	310K	18K	18K	18K	3.86M
Depreciation & Amortization, Total	122M	106M	117M	145M	210M
Amortization of Deferred Charges, Total - (CF)	51.15M	50.58M	48.64M	48.08M	44.12M
(Gain) Loss From Sale Of Asset	-20K	420K	218K	2.76M	346K
(Gain) Loss on Sale of Investments - (CF)	-26.5M	-25.74M	-1.79M	-8.14M	-7.51M
Asset Writedown & Restructuring Costs	-	-	-	-	4.15M
Stock-Based Compensation (CF)	64.79M	29.1M	28.22M	56.96M	-
Provision and Write-off of Bad Debts	6.03M	-	-	-	-
Other Operating Activities, Total	-74.96M	-286M	63.58M	204M	-263M
Change In Accounts Receivable	-23.55M	-40.34M	-22.29M	-111M	-71.98M
Change In Accounts Payable	-14.56M	-2.02M	3.15M	-2.94M	464K
Change in Other Net Operating Assets	-765M	358M	-1.08B	191M	-474M
Cash from Operations	-210M	1.46B	842M	2.78B	2.44B
Capital Expenditure	-12.96M	-186M	-169M	-45.02M	-358M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	20.94M	-563M	-374M	-2.52B	534M
Net (Increase) Decrease in Loans Originated / Sold - Investing	653M	-	-	-	-
Other Investing Activities, Total	86.86M	-24.64M	117M	198M	283M
Cash from Investing	748M	-774M	-427M	-2.37B	460M
Long-Term Debt Issued, Total	-	-	-	-	134M
Total Debt Issued	-	-	-	-	134M
Long-Term Debt Repaid, Total	-196M	-181M	-161M	-185M	-148M
Total Debt Repaid	-196M	-181M	-161M	-185M	-148M
Issuance of Common Stock	108M	1.15M	360K	700K	260K
Repurchase of Common Stock	-	-	-	-	-1.65B
Common Dividends Paid	-68.78M	-277M	-459M	-501M	-667M
Common & Preferred Stock Dividends Paid	-68.78M	-277M	-459M	-501M	-667M
Other Financing Activities, Total	-9.98M	-7.78M	-22.36M	-34.85M	-463M
Cash from Financing	-167M	-465M	-642M	-720M	-2.79B
Net Change in Cash	371M	218M	-226M	-316M	110M
Supplemental Items
Cash Interest Paid	9.98M	7.78M	22.36M	34.85M	63.31M
Cash Income Tax Paid (Refund)	239M	698M	486M	458M	1.03B
Levered Free Cash Flow	376M	634M	1.12B	-13.64M	3.08B
Unlevered Free Cash Flow	394M	646M	1.14B	26.78M	3.15B
Change In Net Working Capital	246M	414M	333M	2.13B	-653M
Net Debt Issued / Repaid	-196M	-181M	-161M	-185M	-14.63M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	11.1	25.87	26.24	25.94	28.3
Return on Total Capital	14.66	30.51	31.8	31.71	35.2
Return On Equity %	20.05	41.68	40.27	39.56	44.59
Return on Common Equity	21.13	43.31	41.39	40.28	45.33
Margin Analysis
Gross Profit Margin %	44.91	55.01	56.69	57.15	57.18
SG&A Margin	1.91	3	-	3.67	3.46
EBITDA Margin %	24.93	40.37	42.46	42.24	43.31
EBITA Margin %	24.17	39.87	41.52	41.5	42.54
EBIT Margin %	24.16	39.87	41.52	41.5	42.5
Income From Continuing Operations Margin %	16.39	29.79	30.13	30.03	30.67
Net Income Margin %	16.38	29.77	30.1	29.92	30.57
Net Avail. For Common Margin %	16.38	29.77	30.1	29.92	30.57
Normalized Net Income Margin	14.43	24.6	25.48	25.29	25.73
Levered Free Cash Flow Margin	13.65	14.89	20	-0.18	31.43
Unlevered Free Cash Flow Margin	14.31	15.18	20.44	0.36	32.17
Asset Turnover
Asset Turnover	0.74	1.04	1.01	1	1.07
Fixed Assets Turnover	2.93	4.65	5.45	6.17	6.42
Receivables Turnover (Average Receivables)	25.84	30.78	32.52	28.98	26.57
Short Term Liquidity
Current Ratio	1.74	2.06	2.96	3.45	2.67
Quick Ratio	1.63	1.17	1.79	1.26	0.98
Operating Cash Flow to Current Liabilities	-0.39	1.49	0.72	1.57	1.25
Days Sales Outstanding (Average Receivables)	14.13	11.86	11.22	12.63	13.74
Average Days Payable Outstanding	2.24	-	-	0.19	0.04
Long Term Solvency
Total Debt/Equity	18.78	11.04	7.65	7.81	11.53
Total Debt / Total Capital	15.81	9.95	7.1	7.24	10.34
LT Debt/Equity	12.37	7.08	4.72	5.26	9.23
Long-Term Debt / Total Capital	10.41	6.37	4.38	4.88	8.28
Total Liabilities / Total Assets	25.49	26	23.08	24.8	28.47
EBIT / Interest Expense	22.95	84.06	58.93	48.26	36.11
EBITDA / Interest Expense	27.15	89.31	61.91	50.51	37.93
(EBITDA - Capex) / Interest Expense	26.7	80.07	57.61	49.81	34.83
Total Debt / EBITDA	0.6	0.22	0.15	0.16	0.18
Net Debt / EBITDA	-0.37	-0.32	-0.63	-0.41	-0.15
Total Debt / (EBITDA - Capex)	0.61	0.24	0.16	0.16	0.2
Net Debt / (EBITDA - Capex)	-0.37	-0.35	-0.68	-0.42	-0.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-18.17	54.61	31.3	34.54	30.41
Gross Profit, 1 Yr. Growth %	-26.75	88.01	35.74	35.53	30.49
EBITDA, 1 Yr. Growth %	-27.53	153	38.22	33.73	33.55
EBITA, 1 Yr. Growth %	-28.29	157.88	36.88	34.33	33.5
EBIT, 1 Yr. Growth %	-26.32	158	36.88	34.33	33.55
Earnings From Cont. Operations, 1 Yr. Growth %	-26.79	184.15	32.93	33.94	33.2
Net Income, 1 Yr. Growth %	-26.54	184.05	32.85	33.59	33.27
Normalized Net Income, 1 Yr. Growth %	-26.59	166.53	36.08	33.4	32.68
Diluted EPS Before Extra, 1 Yr. Growth %	-27.33	182.68	32.48	33.79	33.95
Accounts Receivable, 1 Yr. Growth %	23.18	39.33	13.63	78.5	20.65
Net Property, Plant and Equip., 1 Yr. Growth %	-11.01	5.4	18.09	19.78	30.09
Total Assets, 1 Yr. Growth %	-17.02	41.33	29.98	40.96	9.28
Tangible Book Value, 1 Yr. Growth %	41.93	51.89	41.27	41.86	4.83
Common Equity, 1 Yr. Growth %	30.06	42.26	36.25	38.58	3.87
Cash From Operations, 1 Yr. Growth %	-114.98	-913.51	-42.01	230.88	-12.08
Capital Expenditures, 1 Yr. Growth %	-97.57	1.28K	-9.24	-73.4	694.49
Levered Free Cash Flow, 1 Yr. Growth %	126.07	68.86	76.83	-101.16	-12.26K
Unlevered Free Cash Flow, 1 Yr. Growth %	110.84	64.31	77.19	-97.77	20.84K
Dividend Per Share, 1 Yr. Growth %	-	340	9.09	16.67	-25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.58	12.48	42.41	32.98	32.46
Gross Profit, 2 Yr. CAGR %	-9.43	17.78	59.42	35.76	32.99
EBITDA, 2 Yr. CAGR %	-14.23	34.69	86.83	36.1	33.72
EBITA, 2 Yr. CAGR %	-14.99	35.24	87.7	35.74	34
EBIT, 2 Yr. CAGR %	-13.66	37.12	87.74	35.74	33.94
Earnings From Cont. Operations, 2 Yr. CAGR %	-12.14	43.46	94.17	33.58	33.57
Net Income, 2 Yr. CAGR %	-12.73	43.68	94.09	33.36	33.43
Normalized Net Income, 2 Yr. CAGR %	-13.18	39.1	90.27	34.88	33.04
Diluted EPS Before Extra, 2 Yr. CAGR %	-13.13	42.49	93.34	33.28	33.87
Accounts Receivable, 2 Yr. CAGR %	1.37	31.01	25.82	42.42	46.75
Net Property, Plant and Equip., 2 Yr. CAGR %	51.06	-2.79	11.57	18.93	24.83
Total Assets, 2 Yr. CAGR %	21.27	8.34	35.54	35.36	24.11
Tangible Book Value, 2 Yr. CAGR %	59.09	46.92	46.48	41.56	21.95
Common Equity, 2 Yr. CAGR %	39.53	36.1	39.22	37.41	19.98
Cash From Operations, 2 Yr. CAGR %	-44.02	1.91	116.81	38.27	70.56
Capital Expenditures, 2 Yr. CAGR %	-76.17	-40.85	254.1	-50.86	45.37
Levered Free Cash Flow, 2 Yr. CAGR %	-18.85	95.21	72.53	-85.31	62.05
Unlevered Free Cash Flow, 2 Yr. CAGR %	-19.56	85.96	70.36	-79.61	62.24
Dividend Per Share, 2 Yr. CAGR %	-	-	119.09	12.82	-6.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.17	14.41	18.4	39.79	32.12
Gross Profit, 3 Yr. CAGR %	1.16	15.82	23.32	51.12	33.98
EBITDA, 3 Yr. CAGR %	-4.88	22.57	35.77	67.24	35.3
EBITA, 3 Yr. CAGR %	-5.62	22.61	35.7	68.01	35.05
EBIT, 3 Yr. CAGR %	-4.35	23.9	36.95	68.04	35.01
Earnings From Cont. Operations, 3 Yr. CAGR %	-0.71	29.47	39.77	71.68	33.45
Net Income, 3 Yr. CAGR %	-0.85	28.88	39.9	71.48	33.33
Normalized Net Income, 3 Yr. CAGR %	-1.99	25.71	38	69.15	34.14
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.33	28.23	38.98	71.13	33.5
Accounts Receivable, 3 Yr. CAGR %	-2.64	12.71	24.94	41.38	34.76
Net Property, Plant and Equip., 3 Yr. CAGR %	164.12	34.32	3.73	14.24	22.54
Total Assets, 3 Yr. CAGR %	27.7	27.65	15.12	37.32	26.04
Tangible Book Value, 3 Yr. CAGR %	71.12	56.72	45.01	44.93	28.07
Common Equity, 3 Yr. CAGR %	45.48	40.49	36.15	39.01	25.17
Cash From Operations, 3 Yr. CAGR %	-39.07	29.5	-15.65	149.32	18.9
Capital Expenditures, 3 Yr. CAGR %	-27.89	-6.5	-31.78	49.41	24.25
Levered Free Cash Flow, 3 Yr. CAGR %	-12.85	3.54	88.68	-66.88	69.63
Unlevered Free Cash Flow, 3 Yr. CAGR %	-14.14	2	82.8	-59.16	69.82
Dividend Per Share, 3 Yr. CAGR %	-	-	-	77.58	-1.54
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	58.5	20.08	21.48	23.86
Gross Profit, 5 Yr. CAGR %	-	99.06	21.52	23.32	27.14
EBITDA, 5 Yr. CAGR %	-	324.94	24.34	27.77	35.01
EBITA, 5 Yr. CAGR %	-	257.65	23.98	27.65	35.07
EBIT, 5 Yr. CAGR %	-	257.4	24.99	28.46	35.79
Earnings From Cont. Operations, 5 Yr. CAGR %	-	280.01	29.56	31.05	37.31
Net Income, 5 Yr. CAGR %	-	345.77	29.44	30.6	37.33
Normalized Net Income, 5 Yr. CAGR %	-	262.36	27.51	29.25	36.05
Diluted EPS Before Extra, 5 Yr. CAGR %	-	308.78	28.83	30.17	36.97
Accounts Receivable, 5 Yr. CAGR %	-	16.18	7.88	23.77	33.25
Net Property, Plant and Equip., 5 Yr. CAGR %	-	118.22	87.39	27.94	11.7
Total Assets, 5 Yr. CAGR %	-	54.05	30.8	30.68	18.64
Tangible Book Value, 5 Yr. CAGR %	-	79.81	60.85	50.47	35.3
Common Equity, 5 Yr. CAGR %	-	92.46	42.98	39.25	29.43
Cash From Operations, 5 Yr. CAGR %	-	115.13	-1.95	32.84	11.71
Capital Expenditures, 5 Yr. CAGR %	-	53.36	37.4	-27.71	-7.67
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	14.48	-52.61	79.32
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	12.89	-46.46	75.99