7 Dividends since 2022, bonus issue proposal by a top non-bank mutual fund distributor

Company is an AMFI registered mutual fund distributor and is one of the leading non-bank wealth solutions firms in India, being ranked amongst the top three non-bank mutual fund distributors in the country. The company offers a wide product portfolio of wealth solutions, financial product distribution, and technology solutions to its clients.

The company has following robust financial parameters:-

  • Market Cap- ₹ 17,399 Cr.
  • Current Price- ₹ 4,154
  • High / Low – ₹ 4,646 / 2,573
  • Stock P/E- 66.0
  • Book Value- ₹ 132
  • Dividend Yield- 0.34 %
  • ROCE- 50.7 %
  • ROE- 40.3 %
  • Face Value- ₹ 5.00

The company FIIs holding is 5.32% & DIIs holding is 7.96% till quarter ended Sept. 2024.

The Board of Directors of the company i.e. Anand Rathi Wealth Ltd , in its meeting dated 13th January 2025, inter-alia would consider a proposal for Issuance of Bonus Shares to the shareholders of the Company, as per the intimation by the company to exchange.

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