AI-generated · cited to primary sources · not investment advice
Anand Rathi Wea. (543415) Jan 2026 Filing Analysis
Does management do what it says?
The company surpassed its revenue guidance of Rs. 1,175 Crores by achieving an actual revenue of Rs. 1,198 Crores for FY26. (1 exceeded across 1 tracked commitment)
“Revenue | Guidance given for FY26 (Rs. Crs.) | 1175”
The ARWL strategy has delivered a CAGR of 16.01% since inception (April 2014), outperforming the target range with a lower-than-targeted beta of 0.55. (1 exceeded across 1 tracked commitment)
“ARWL Strategy | 16.01% | Beta to Nifty 50 | 0.55”
The company is delivering margins at the upper end of its guided range, with 9MFY26 PAT margin standing at 32.7%. (2 met, 1 exceeded across 3 tracked commitments)
“And 78% of our full year PAT guidance has been penetrated into, which was and which remains INR 375 crores.”
The company missed its AUM target of Rs. 1,00,000 Crores, ending the year with an actual AUM of Rs. 93,037 Crores. (1 missed across 1 tracked commitment)
“Asset under management (AUM) | Guidance given for FY26 (Rs. Crs.) | 1,00,000”
The company added only 21 Relationship Managers during the year, increasing the count from 380 in March 2025 to 401 in March 2026, falling short of the 40-50 annual target. (1 missed across 1 tracked commitment)
“So, of course, I would have guided 40-50. So, we may just get there as well. On 1st of April, then it will be counted next year. Somewhere thereabouts, yes... So, yes, so is 40-50 possible, if there is possible for any company, it is us.”
See the full cited Management analysis of Anand Rathi Wea.
How durable is the business?
Core mutual fund distribution revenue grew by nearly 20% year-over-year, supported by strong SIP inflows. (1 expanding)
“MF – Equity & Debt: Q3 FY25 108.7, Q3 FY26 130.2, Y/Y % 19.7%”
See the full cited Business Model analysis of Anand Rathi Wea.
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