Why is Angel One share down 6% in today?

Synopsis: Angel One shares fell over 6% as November 2025 data showed slower new client acquisition, with gross client additions down 11% MoM and 16% YoY, while trading activity and daily orders moderated despite strong existing client engagement.

This company is a diversified financial services company offering stock, commodity, and currency broking, institutional broking, margin trading, depository services, mutual fund distribution, NBFC lending, and insurance agency services is now in the focus after it reported a decline of 11% in gross client acquisition MoM and 16% decline YoY.

With market capitalization of Rs. 24,456 cr, the shares of Angel One are currently trading at Rs. 2,683 per share, decreasing more than 6% in today’s market session making a low of Rs. 2,643.90, from its previous close of Rs. 2,813.35 per share.

Reason for the fall

In November 2025, Angel One’s client base grew to 3.5 cr, a 1.5% month-on-month (MoM) increase and 21.9% year-on-year (YoY) growth. The average client funding book reached Rs. 5,900 cr, marking a 2.7% MoM and 50.1% YoY growth, indicating strong engagement and trust among existing clients.

It recorded a gross client acquisition of 0.50 million, down 11.1% month-on-month from 0.56 million in October 2025 and 16.6% year-on-year from 0.60 million in November 2024, reflecting a slowdown in new client onboarding during the month.

Trading activity showed moderation due to softer market conditions. The total number of orders in November was 11.7 cr, down 12.3% MoM and 10.4% YoY, with average daily orders at 0.6 cr, reflecting a 7.7% MoM decline. Similarly, unique mutual fund SIP registrations were 737.83 thousand, down 9.4% MoM, but up 13.3% YoY, highlighting consistent interest in systematic investment products.

Angel One’s Average Daily Turnover (ADTO) also reflected mixed trends. Based on notional turnover, overall ADTO was Rs. 53,486 billion, down 9.8% MoM but up 25.4% YoY, while F&O ADTO declined 10.1% MoM to Rs. 51,752 billion, yet recorded 23.7% YoY growth. Cash segment turnover decreased slightly to Rs. 73 billion, and commodity turnover was Rs. 1,661 billion, largely stable MoM but more than doubled YoY. Retail market share saw minor fluctuations: overall equity at 20.3%, F&O at 21.5%, cash market at 18.3%, and commodities at 52.5%.

About the company 

Angel One Limited, formerly known as Angel Broking, is a leading Indian retail broking and fintech company based in Mumbai. Founded in 1996, it offers a wide range of financial services including stock, commodity, and currency broking, margin funding, depository services, mutual fund distribution, and wealth management. The company is known for its technology-driven, digital-first approach, providing an integrated investing platform through tools like its “SuperApp” and AI-powered advisory services.

On a year-on-year basis, the company’s sales declined by 21% to Rs. 1,202 crore from Rs. 1,515 crore in Q2FY25. EBITDA fell by 38% to Rs. 415 crore, while net profit dropped 50% to Rs. 212 crore. Earnings per share (EPS) decreased by 50% to Rs. 23.34 compared to Rs. 46.96 in the same period last year.

The company demonstrates strong financial performance, with a ROCE of 25.8% and ROE of 27.1%, supported by a 66.9% CAGR in profit over the past five years. Its 3-year ROE stands at 36.1%, reflecting consistent profitability. 

The company maintains a healthy dividend payout of 33.4%. Over the last decade, the company’s median sales growth has averaged 22.6%, highlighting steady revenue expansion.

Written by Manideep Appana

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