As of 10th October, 2023, Angel One is trading at Rs.2,037 with a marketcap of Rs.11,110 Crore. Angel One is one of the top broking companies in India, where you can buy stocks, mutual funds and more. In this post, we are going to discuss about Angel One and discuss share price target from 2023 to 2030. With the immense number Zerodha is posting every quarter, my expectation from Angel One is going higher.
Angel One is rapidly growing its customer base. In September 2023, Angel One witnessed a remarkable 47.6% year-on-year surge in its customer base, with the company’s latest monthly business update revealing an increase from 1.63 crore clients in August to 1.7 crore clients, marking a 4.4% month-on-month growth.
Angel One experienced a 5.5 percent increase in gross client acquisition as it welcomed 7.7 lakh new clients in September, compared to 7.3 lakh in the previous month. Furthermore, the company achieved an impressive 98 percent year-on-year surge in gross client acquisition.
In the world of investing, predicting the future performance of stocks is a task that demands a blend of thorough analysis, market insights, and a dash of speculation. As we delve into the realm of Angel One, a company that has garnered attention for its dynamic presence in the market, the focus shifts to unveiling the potential trajectory of its share prices over the span of 2023, 2024, 2025, and even stretching our gaze towards the horizon of 2030.
This exploration aims to offer a glimpse into the factors that could influence Angel One’s stock valuation in the coming years, allowing investors and enthusiasts alike to gain a deeper understanding of the possible pathways that lay ahead for this intriguing financial entity.
ABOUT ANGEL ONE
Established in 1996, Angel One Limited, formerly known as Angel Broking Limited, is a prominent Indian stockbroker firm with a rich history in the financial services industry.
Led by Founder Dinesh D. Thakkar, the company is a member of major stock exchanges in India, offering diverse services including equity and commodities trading, portfolio management, mutual funds, insurance, and investment advisory.
Having transitioned to Angel One in 2021, the firm has not only maintained its position as a key player in the market but also embraced rebranding as a step forward in its journey of providing comprehensive financial solutions to clients across India.
ANGEL ONE Q1 FY2024 RESULTS: SUMMARY AND KEY POINTS
- Q1 FY2024 Profit Surge: Angel One Ltd reported a significant 22% increase in consolidated profit for the first quarter ended June 30, 2023, reaching 2.21 billion rupees ($27 million) compared to 1.82 billion rupees in the same period the previous year.
- Robust Revenue Growth: The company’s total revenue from operations saw a robust climb of nearly 18%, reaching 8.08 billion rupees during Q1 FY2024.
- Impressive Client Base Growth: Angel One’s total client base witnessed an impressive rise of approximately 45%, reaching 15.1 million clients during the quarter. This growth was fueled by surging client additions and orders.
- Orders Surge: The total number of orders advanced more than 20%, reflecting the strong demand for the company’s services and products.
- Dividend Declaration: Angel One declared an interim dividend of 9.25 rupees per share for the financial year 2024.
ANGEL ONE IN RECENT NEWS
- Angel One Reports Strong Growth in Client Base and Market Share for September.
- Angel One Achieves 13.3% YoY Growth in Client Base and 60% Increase in Gross Client Acquisition for Q3.
- Angel One reveals a strategic business reorganization and appoints Nishant Jain as the Chief Business Officer overseeing assisted channels.
- The Super App by Angel One is fueling a transformative wave of investment across India.
- Pioneering fintech firm Angel One Limited, previously recognized as Angel Broking Limited, has paved the way for a significant investment revolution by introducing their revolutionary Super App designed for intelligent investing. This groundbreaking advancement has caught the attention of millions of Indians through their recent commercial, produced in collaboration with Prodigious and Publicis. The nation has been captivated by the app’s remarkable capabilities, igniting a wave of curiosity and interest.
HOW TO BUY ANGEL ONE SHARES IN INDIA?
You can purchase Angel One shares in India through various brokerage platforms. Some of the prominent brokerage companies include:
- Zerodha
- Upstox
- ICICI Direct
- HDFC Securities
- Sharekhan
- Kotak Securities
- 5Paisa
- Motilal Oswal
ANGEL ONE SHARE PRICE TARGET 2023 TO 2025
Let’s examine the statistics regarding the projected share price target for the period between 2023 and 2025, after conducting a thorough review of the company.
ANGEL ONE SHARE PRICE TARGET FOR 2023
| When | Maximum Price | Minimum Price |
| October 2023 | ₹2,148.56 | ₹1,953.24 |
| November 2023 | ₹2,106.43 | ₹1,914.94 |
| December 2023 | ₹2,175.94 | ₹1,978.13 |
As of October 9 2023, Angel One is trading 8.33% up in the last 30 days, and is trading at Rs. 2,037.00. Current marketcap is Rs. 17,110 Crore.
Angel One as a company’s last month growth has been impressive. Angel One has demonstrated tremendous growth in various aspects of its business, reporting a substantial 47.6% year-on-year increase in its client base for September, accompanied by a 5.5% month-on-month rise in gross client acquisition. The company also experienced heightened market activity, processing 11.49 crore orders in September. Furthermore, Angel One saw its market share in the overall equity segment expand to 26.7% last month, solidifying its position in the market.
For the month of October, we are expecting Angel One to trade in between ₹2,148.56 and ₹1,953.24.
During November, Angel One could be slightly bearish, and trade in between ₹2,106.43 and ₹1,914.94.
Maximum share price target for Angel One in 2023 is Rs. 2,175.94.
ANGEL ONE SHARE PRICE TARGET FOR 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹2,220.35 | ₹1,930.74 |
| February 2024 | ₹2,265.66 | ₹1,970.14 |
| March 2024 | ₹2,311.90 | ₹2,010.35 |
| April 2024 | ₹2,244.56 | ₹1,951.80 |
| May 2024 | ₹2,211.39 | ₹1,922.95 |
| June 2024 | ₹2,291.00 | ₹1,992.18 |
| July 2024 | ₹2,268.09 | ₹1,972.26 |
| August 2024 | ₹2,358.82 | ₹2,051.15 |
| September 2024 | ₹2,453.17 | ₹2,133.19 |
| October 2024 | ₹2,405.07 | ₹2,091.36 |
| November 2024 | ₹2,477.22 | ₹2,154.11 |
| December 2024 | ₹2,539.15 | ₹2,207.96 |
Angel One’s share price is projected to have a minimum price of around ₹1,922.95 in May 2024 and could potentially reach a maximum of about ₹2,539.15 in December 2024.
These figures suggest potential variability and investors should carefully consider market conditions and other relevant factors when assessing the share price target for 2024.
ANGEL ONE SHARE PRICE TARGET FOR 2025
| When | Maximum Price |
Minimum Price |
| January 2025 | ₹2,493.13 | ₹1,940.87 |
| February 2025 | ₹2,519.09 | ₹1,937.76 |
| March 2025 | ₹2,645.04 | ₹2,034.65 |
| April 2025 | ₹2,361.64 | ₹1,816.65 |
| May 2025 | ₹2,146.95 | ₹1,651.50 |
| June 2025 | ₹2,361.64 | ₹1,816.65 |
| July 2025 | ₹2,249.18 | ₹1,730.14 |
| August 2025 | ₹2,342.90 | ₹1,802.23 |
| September 2025 | ₹2,460.05 | ₹1,892.34 |
| October 2025 | ₹2,607.65 | ₹2,005.88 |
| November 2025 | ₹2,790.18 | ₹2,146.30 |
| December 2025 | ₹2,845.99 | ₹2,189.22 |
In 2025, Angel One’s share price displayed a varied pattern.
Starting the year with a minimum price of Rs. 1,940.87 in January, the price is expected to increase over the months, reaching its peak at around ₹2,845.99 in December. This consistent upward movement indicates a potential growth trend for the company’s share price throughout the year.
ANGEL ONE SHARE PRICE TARGET FOR 2026 TO 2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹3,272.89 | ₹2,291.02 |
| 2027 | ₹2,781.95 | ₹1,947.37 |
| 2028 | ₹5,007.52 | ₹3,505.26 |
| 2029 | ₹7,016.53 | ₹4,711.57 |
| 2030 | ₹11,455.10 | ₹8,018.57 |
Angel One’s share price exhibits a dynamic trajectory from 2025 to 2030. In 2026, the price ranges from a minimum of ₹2,291.02 to a maximum of ₹3,272.89, reflecting a potential upward movement.
Subsequently, in 2027, the range spans from ₹1,947.37 to ₹2,781.95, indicating a stabilization period. The year 2028 showcases a significant increase in price range, with values oscillating between ₹3,505.26 and ₹5,007.52. This surge implies heightened investor interest and potential growth prospects for Angel One.
By 2029, an even more substantial jump is projected, with prices ranging from ₹4,711.57 to ₹7,016.53, indicating a momentous bullish sentiment.
Continuing into 2030, the projected price range spans from ₹8,018.57 to ₹11,455.10, signifying sustained growth potential and establishing Angel One as a robust investment choice.
Overall, these price trends highlight a progressive trajectory for Angel One’s shares, with an expected upward momentum and potential for substantial gains in the coming years, making it an intriguing prospect for investors seeking long-term growth and value appreciation.
ANGEL ONE FINANCIAL CONDITION (LAST 5 YEARS)
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales (Rs Crore) |
778 | 748 | 1,289 | 2,292 | 3,002 |
| Expenses (Rs Crore) |
575 | 564 | 826 | 1,366 | 1,708 |
| Operating Profit (Rs Crore) |
203 | 183 | 462 | 926 | 1,294 |
| OPM % | 26% | 24% | 36% | 40% | 43% |
| Other Income (Rs Crore) |
11 | 2 | 8 | 5 | 18 |
| Interest (Rs Crore) |
70 | 50 | 42 | 76 | 91 |
| Depreciation (Rs Crore) |
20 | 21 | 18 | 19 | 30 |
| Profit before tax (Rs Crore) |
124 | 114 | 410 | 836 | 1,192 |
| Tax % | 36% | 28% | 28% | 25% | 25% |
| Net Profit (Rs Crore) |
80 | 82 | 297 | 625 | 890 |
| EPS in Rs | 11.09 | 11.44 | 36.28 | 75.41 | 106.68 |
| Dividend Payout % | 24% | 24% | 35% | 36% | 37% |
Over the past five years, Angel One has demonstrated a consistent growth trajectory in its financial performance. Starting in March 2019 with sales of 778, the company’s revenue steadily increased to reach an impressive 3,002 by March 2023. Despite some fluctuations in expenses, which ranged from 564 to 1,708, the company has managed to maintain a positive operating profit. Angel One’s operating profit margin (OPM %) has notably improved over this period, climbing from 26% in 2019 to an impressive 43% by 2023. This upward trend is further supported by the consistent growth in other income, which surged from 11 to 18.
The company’s prudent financial management is reflected in its tax percentage, which has decreased steadily from 36% to 25% over the years, effectively optimizing its tax liabilities. This careful management has contributed to the consistent growth of net profit, with the figure increasing from 80 in 2019 to an impressive 890 by 2023. Earnings per share (EPS) have followed a similar pattern, rising from 11.09 to 106.68 over the five-year period.
Furthermore, Angel One’s commitment to its shareholders is evident in its dividend payout percentage, which has gradually increased from 24% to 37%, indicating a consistent approach to sharing profits with investors.Overall, Angel One’s financial performance over the last five years reflects its strategic growth and effective financial management. The company’s ability to steadily increase revenue, optimize expenses, and enhance profitability showcases a positive outlook for its future financial health.
ANGEL ONE SHARE PRICE TARGET BY BROKERAGE FIRMS AND EXPERTS
ANGEL ONE SHARE PRICE TARGET BY MOTILAL OSWAL
Motilal Oswal suggests buying Angel One with a target price set at Rs 2000. (21-Jun-2023)
ANGEL ONE SHARE PRICE TARGET BY HDFC SECURITIES
HDFC Securities recommends a purchase of Angel One shares with a target price of Rs 1800. (31-Mar-2023)
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FAQs
The share price target for Angel One 2030 appears promising, considering the consistent growth pattern observed in the past years. The maximum price is expected to reach ₹11,455.10 in 2030, and minimum ₹8,018.57 .
The share price target for Angel One by 2025 indicates a continued upward trend. The projected range showcases growth potential, with a maximum of ₹2,845.99 and a minimum of ₹2,189.22 by December 2025.
Is it worthwhile to invest in Angel One for the long term?
The consistent growth in sales, operating profit, and net profit over the past years suggests a promising outlook for Angel One. Additionally, the increasing dividend payout percentage, reaching 37%, indicates a commitment to shareholder value. Considering these factors, investing in Angel One for the long term appears to hold potential.
Will the Angel One stock grow?
Yes, our analysis indicates a consistent growth trend for Angel One. The company’s sales, operating profit, and net profit have shown steady improvement over the observed period, suggesting a positive trajectory for its stock.
Which is the best Angel One alternative?
In my opinion, Angel One is one of the best stocks to buy and hold. The growth the company has shown in really impressive in terms of users, sales, profit and the speed of growth. The consistent upward trends in sales, operating profit, and net profit over the past years suggest a promising outlook for the future.
In 2023, the projected sales of Rs. 3,002, operating profit of Rs. 1,294 Crore, and an EPS of 106.68 indicate a strong performance. Extending our projection to 2024, where similar figures are anticipated, reinforces the company’s steady growth.
Considering these trends, extending the projection to 2030 shows a potentially positive path.
Angel One has a market cap of ₹17,121 Crore, and this shows there’s a lot of growth potential. The current PE is just 18.4, and in October 2021, PE was above 36. Median PE (for last 5 years) is 20.5.
In terms of debt, borrowings seems to have reduced to Rs. 787 Crore in March 2023 from Rs.1,258 Crore in March 2022.
Though promoters holding have reduced to 38.30%, FIIs and DIIs have been increasing their positions.
With the growth in customer base, with the new Angel One Super App, the revenues, and sales are expected to grow, and so should be the share price.
Angel One has exhibited a strong profit growth, with a compound annual growth rate (CAGR) of 52.2% over the past five years. The company also boasts a commendable return on equity (ROE) with a three-year average of 44.1%. There are not many companies with such strong results.
In terms of client acquisition, Angel One has posted a record number in the month of September, 2023.
I am personally quite bullish on Angel One but none of what I have mentioned in this article – ‘Angel One share price prediction’ is a financial advise. Please DYOR before investing.
What did we learn?
- 1 ABOUT ANGEL ONE
- 2 ANGEL ONE Q1 FY2024 RESULTS: SUMMARY AND KEY POINTS
- 3 ANGEL ONE IN RECENT NEWS
- 4 ANGEL ONE SHARE PRICE TARGET 2023 TO 2025
- 5 ANGEL ONE FINANCIAL CONDITION (LAST 5 YEARS)
- 6 ANGEL ONE SHARE PRICE TARGET BY BROKERAGE FIRMS AND EXPERTS
- 7 FAQs
- 8 Conclusion: Should you invest in Angel One shares in 2023?
