Attention Investors! Angel One Announces 2nd Interim Dividend Update; NEW Record Date Inside

Small cap company, Angel One Limited has made a major announcement regarding its 2nd interim dividend for the financial year 2024-25. The Board of Directors is set to consider the dividend on Thursday, March 13, 2025. In this recent update, the company revised the record date for determining shareholder eligibility for the dividend payout.

Angel One Dividend Update

Angel One Limited has announced that its Board of Directors will consider the declaration of the 2nd interim dividend for the financial year 2024-25 via Circular Resolution on Thursday, March 13, 2025. This is in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In a recent update, the company has revised the record date for determining shareholders' eligibility for the dividend payout.

"In furtherance to our earlier intimation dated March 10, 2025, the Company hereby intimates and requests the noting of the record date for the purpose of ascertaining the eligibility of shareholders for payment of 2nd Interim Dividend for Financial year 2024-25 as Thursday, March 20, 2025." the company said in an exchange filing.

Angel One Share Price Update

Shares of Angel One closed in the red today at Rs.2,011.00, down by Rs. 33.10 (-1.62%). The stock opened at Rs. 2,014.00 and recorded an intraday high of Rs.2,029.00 and an intraday low of Rs. 1,986.00. Over the past month, the share price has declined by 11.04%, and it has dropped 33% so far this year. With a market capitalization of Rs. 18,150 crore, the stock has experienced significant volatility. Angel One's 52-week high stands at Rs. 3,503.15, while its 52-week low is Rs.1,944.00.

Angel One Financials & Share Price Target

According to an SBI Securities report, Angel One reported total income of Rs.1,264 crore, EBITDA of Rs. 414 crore, and PAT of Rs. 282 crore, showing a 19% YoY increase but a QoQ decline of 17%, 31%, and 34%, respectively. The Average Daily Trading Turnover (ADTO) stood at Rs. 40.1 trillion, growing 11% YoY but declining 12% QoQ. Angel One's NSE active client market share improved to 15.5% from 14.8% YoY, while its overall market share in key segments increased
The report highlights short-term pressure on revenue and margins due to recent SEBI guidelines and subdued market sentiment. "While Angel One's management is assessing the full impact of regulatory changes before implementing pricing adjustments, it remains confident about the long-term growth prospects of the industry. At the current market price (CMP) of Rs. 2,401, Angel One is trading at an FY25E/FY26E price-to-book (P/B) multiple of 3.9x and 3.2x, based on Bloomberg consensus estimates. Analysts estimate a near-term fair value range of Rs. 3,200 - Rs. 3,350, indicating potential upside for investors." the report stated

About Angel One Ltd.

Angel One Limited was established in 1996 and is one of India's full-service retail brokerage firms. The company offers a wide range of financial services, including stock and commodity trading, investment advisory, portfolio management, and mutual funds. Angel one is Known for its tech-driven approach as it provides seamless trading experiences through its AI-powered platforms and mobile apps. The company has a strong customer base and a focus on smart investment solutions to cater to retail investors.