Should You Buy Angel One Shares After Board Confirms Rs. 23 Dividend & 1:10 Stock Split?

Following its board's official approval of a Rs 23 dividend and a 1:10 stock split, Angel One has drawn attention from investors. This decision might have a major direct influence on trading sentiment. Since the aforementioned corporate actions frequently act as short-term triggers, driving liquidity, price actions, and retail participation in the stock, traders' main concern now is how to position themselves before and after the ex-date. Angel One is anticipated to become more affordable on a per-share basis, potentially improving volumes after the split.

Angel One Dividend

"The Board of Directors of the Company has declared the first Interim Dividend for the Financial Year 202526 at the rate of Rs. 23 per share on equity shares having face value of Rs. 10 (Rupees Ten) as on the Record Date ie, January 21, 2026. The dividend shall be paid on or before February 13, 2026 to those members, whose names appear on the Register of Members or in records of Depositories as beneficial owners as on the Record Date," said Angel One in a stock exchange filing on Thursday.

Angel One Stock Split

"The Board of Directors of the Company has approved Sub-division/ split of 1 (One) existing equity share of the Company having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up, into 10 (Ten) equity shares of the Company having face value of Re. 1/- (Rupee One only) each, fully paid-up," Angel One has confirmed in a regulatory filing.

Under the authorized equity share capital, the company currently has 12 crore equity shares with a face value of Rs 10 each, amounting to a total authorized capital of Rs 120 crore. After the sub-division, these will be converted into 120 crore equity shares with a face value of Rs 1 each. Despite the sharp increase in the number of shares, the total authorized equity share capital will remain unchanged at Rs 120 crore.

The firm now has 9,08,55,479 equity shares of Rs 10 each, totalling Rs 90.86 crore, in terms of issued, subscribed, and paid-up equity share capital. This will increase to 90,85,54,790 equity shares of Rs 1 apiece following the 1:10 stock split. The entire issued, subscribed, and paid-up equity share capital would stay at Rs 90.86 crore, just like the authorized amount, ensuring that shareholders' value will not be diluted.

The shares being subdivided are equity shares with a face value of Rs 10 each, fully paid-up, which will be converted into equity shares of Rs 1 face value post-split.

The record date for the purpose of the stock split will be announced in due course of time.

Angel One Q3 Results

Angel One reported a 4.5% year-on-year (YoY) drop in consolidated profit after tax (PAT) to Rs 269 crore in the December quarter, down from Rs 281.5 crore in the same period last year. Revenue for the brokerage company climbed 5.8% year on year to Rs 1,337.7 crore from Rs 1,263.8 crore.

Its consolidated Earnings before depreciation, amortization, and taxes (Ebdat) surged by 24.8% on a quarter-on-quarter basis to Rs 405 crore in Q3FY26 from Rs 324.6 crore in Q2FY26. In Q3FY26, the reported Ebdat margin was 39.4%, up from 34.5% in Q2FY26.

Angel One Target Price

"Angel One is trading in a strong medium-term uptrend, supported by higher-high and higher-low formations on the daily chart. The stock is holding comfortably above its key support zone, indicating sustained buying interest. Momentum indicators remain positive, suggesting continuation of strength. A sustained move above ₹2,760 can trigger the next leg of the rally," commented Riyank Arora, Technical Analyst - Mehta Equities Ltd.

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