This Multibagger Wealth Management Stock Rises 1355% Since Its 2021 Listing: AUM Boom Powers the Rally
- September 10, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
CMP approximately Rs 2,178 (10 Sep 2026). Return since Dec 2021 listing 1,355.33% (bonus-adjusted). AUM over Rs 1 lakh Cr. Market cap Rs 36,205 Cr. PE 77.6.
Quick Answer
Anand Rathi Wealth is the multibagger wealth management stock that has returned approximately 1,355% since its December 2021 listing, adjusted for two 1:1 bonus issues. AUM more than tripled to over Rs 1 lakh crore and profit grew about three times from FY22 to FY26. The market also re-rated the shares from about 20 to nearly 78 times earnings, so future gains depend on growth holding up.
This multibagger wealth management stock has turned Rs 1 lakh invested at its December 2021 listing into approximately Rs 14.5 lakh. One private wealth firm has delivered a return of 1,355.33% since it listed, ranking 5th in a screen of 101 large-cap and mid-cap NSE shares on the 5-year measure as of 10 September 2026.
The company is Anand Rathi Wealth Ltd (NSE: ANANDRATHI), which advises high-net-worth families on mutual funds, bonds and structured products. The Anand Rathi Wealth share price traded near Rs 2,178 on 10 September 2026, almost flat against the previous close of Rs 2,180.60, and around 3% below its 52-week high of Rs 2,255.
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How Much Has This Multibagger Wealth Management Stock Returned?
This multibagger wealth management stock has returned approximately 1,355% since listing and about 417% over three years. The last twelve months have also been strong, with a gain of 54.33% that placed it 27th among the 101 stocks screened.
Here is how the multibagger wealth management stock has performed across time frames, with its rank in the screen:
| Period | Return (%) | Rank (out of 101) |
|---|---|---|
| 1 Month | 0.60% | 89 |
| 6 Months | 42.91% | 37 |
| 1 Year | 54.33% | 27 |
| 3 Years | 416.91% | 7 |
| Since Listing (5Y screen) | 1,355.33% | 5 |
For this multibagger wealth management stock, the 5-year window starts in September 2021, three months before the shares began trading on 14 December 2021. So the 5-year number is in practice a since-listing return. The stock opened at Rs 600 on NSE against an IPO price of Rs 550, a premium of about 9%.
All figures are simple price changes, adjusted for two 1:1 bonus issues. The first went ex-bonus on 5 March 2025 and the second had a record date of 3 June 2026. Together they quadrupled the share count, so the Rs 600 listing price equals roughly Rs 150 today. The rise from Rs 150 to about Rs 2,178 is real price appreciation, not a bonus artifact.
Why Did This Multibagger Wealth Management Stock Rise So Much?
This multibagger wealth management stock rose because profits compounded at over 30% a year while the market paid a far higher multiple for them. Assets under management more than tripled, margins widened, and investors re-rated a high-return, low-capital business.
The rally in this multibagger wealth management stock came in two phases. The early leg, from 2022 to 2024, was driven by AUM growth and a rerating from modest listing valuations. The recent leg has been driven by record AUM, bonus issues and an equity boom that lifted mutual fund flows.
1. Assets Under Management Tripled
The private wealth AUM behind this multibagger wealth management stock stood at Rs 31,348 crore in December 2021, right after listing. It reached Rs 93,037 crore by March 2026 and crossed Rs 1 lakh crore for the first time in June 2026, at approximately Rs 1,06,300 crore.
Active client families grew from 6,910 to 13,941 over the same period, roughly double. Relationship managers rose from 253 to 417. Each relationship manager now handles around Rs 249 crore of AUM, up from Rs 224 crore a year ago.
2. A Shift Towards Ultra-Rich Clients
Families with over Rs 50 crore of assets now make up 30.1% of AUM, nearly double the 16.6% share in June 2021. Clients with Rs 5 crore to Rs 50 crore account for another 50.8%.
This mix matters for the multibagger wealth management stock because larger clients bring bigger tickets and tend to stay longer. About 61% of client families and 82% of AUM have been with the firm for three years or more, and client AUM attrition in Q1 FY27 was only 0.09%.
3. Steady Earnings Growth Every Year
For the multibagger wealth management stock, total income rose from Rs 425 crore in FY22 to Rs 1,253 crore in FY26, about 2.9 times. Reported net profit grew from Rs 127 crore to Rs 397 crore, about 3.1 times, and the operating margin moved up from 43.5% to 46.8%.
That consistency built trust in the multibagger wealth management stock. Management has largely met its annual guidance.
4. A Big Rerating From Listing Levels
At listing, the market valued this multibagger wealth management stock at around Rs 2,500 crore, or roughly 20 times its FY22 profit. Today the market cap is approximately Rs 36,205 crore at a trailing PE of about 77.6.
In simple terms, profits grew about three times while the market cap grew about 14.5 times. Most of the 1,355% gain came from investors paying a much richer multiple for the same kind of steady growth.
5. Bonus Issues and India’s Equity Boom
Two 1:1 bonus issues in 15 months kept the Anand Rathi Wealth share price within reach of retail buyers and widened the shareholder base. The second bonus was announced on 25 May 2026, when the stock closed near Rs 3,617 before adjustment.
The broader backdrop also helped the multibagger wealth management stock. Rising household flows into equity mutual funds lifted the firm’s share of equity fund net inflows to 2.30% in FY26 from 1.85% in FY25.
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Anand Rathi Wealth Share Price: Financial Performance
For this multibagger wealth management stock, the latest quarter was the strongest on record, but part of the jump came from one-time items. Here are the last five quarters:
| Quarter | Total Income (Rs Cr) | EBITDA (Rs Cr) | Net Profit (Rs Cr) | Net Margin (%) |
|---|---|---|---|---|
| Jun 2025 | 284.26 | 138.02 | 93.91 | 34.17 |
| Sep 2025 | 307.05 | 147.15 | 99.90 | 33.38 |
| Dec 2025 | 305.73 | 147.54 | 100.19 | 34.45 |
| Mar 2026 | 356.22 | 153.19 | 103.45 | 35.82 |
| Jun 2026 | 432.27 | 218.93 | 163.01 | 50.54 |
Reported Q1 FY27 net profit of Rs 163 crore was up about 74% year on year. After excluding fair value gains on investments, ESOP costs and related tax effects, adjusted profit was approximately Rs 116 crore, up around 24%.
That adjusted figure is the better guide to the core business. Revenue from operations grew about 17.5% to Rs 322 crore, and the quarter delivered roughly 25% of the full-year FY27 profit guidance of Rs 460 crore.
On an annual basis, the multibagger wealth management stock shows a clean growth record:
| Financial Year | Total Income (Rs Cr) | Net Profit (Rs Cr) | Operating Margin (%) |
|---|---|---|---|
| FY22 | 425.22 | 126.56 | 43.54 |
| FY23 | 558.91 | 168.60 | 44.54 |
| FY24 | 751.97 | 225.82 | 44.08 |
| FY25 | 980.65 | 300.79 | 45.05 |
| FY26 | 1,253.11 | 397.17 | 46.76 |
The balance sheet of the multibagger wealth management stock is light. Debt to equity is about 0.08 and return on equity is approximately 39.7%, which is well above most financial services peers. The firm has also paid a dividend every year since listing.
Is the Anand Rathi Wealth Share Price Expensive Now?
Yes, on trailing numbers the Anand Rathi Wealth share price looks expensive. This multibagger wealth management stock trades at a PE of about 77.6 against an industry PE of about 19.3, and at around 36 times book value.
A high ROE and near-zero debt justify part of the premium. Still, the multibagger wealth management stock needs profit growth of around 18% to 20% a year just to hold its current multiple, so any slowdown could hurt returns.
| Metric | Value |
|---|---|
| Market Cap | Rs 36,205 Cr |
| PE (TTM) | 77.60 |
| Industry PE | 19.31 |
| Price to Book | 36.27 |
| ROE | 39.66% |
| Debt to Equity | 0.08 |
| Dividend Yield | 0.30% |
| 52-Week High / Low | Rs 2,255 / Rs 1,353.85 |
What Is the Shareholding Pattern of This Multibagger Wealth Management Stock?
Institutions have been adding to the multibagger wealth management stock while promoters have trimmed slightly. Here is the trend over five quarters:
| Quarter | Promoters (%) | FIIs (%) | DIIs (%) | Public (%) |
|---|---|---|---|---|
| Jun 2025 | 42.72 | 4.90 | 8.40 | 43.98 |
| Sep 2025 | 42.72 | 5.56 | 8.74 | 42.99 |
| Dec 2025 | 43.11 | 6.66 | 9.46 | 40.77 |
| Mar 2026 | 43.11 | 5.78 | 9.10 | 42.01 |
| Jun 2026 | 41.37 | 6.37 | 10.39 | 41.87 |
Domestic institutions raised their stake from 8.40% to 10.39% in a year, and several small-cap and flexi-cap mutual funds hold the multibagger wealth management stock. Foreign investors moved from 4.90% to 6.37%.
Promoter holding dipped to 41.37% in June 2026 from 43.11%. Promoters also sold small blocks in the open market in early 2025, so investors should track further changes.
Key Risks for the Multibagger Wealth Management Stock
The biggest risk to this multibagger wealth management stock is its valuation. At nearly 78 times earnings, even a small miss on guidance could lead to a sharp fall.
Market dependence: Revenue of the multibagger wealth management stock is linked to AUM, and AUM moves with equity and bond markets. A prolonged market correction would reduce both asset values and fresh client flows.
Slower net flows: Management called FY26 net flow growth of about 7% not particularly impressive. If fresh money slows, AUM growth will lean more on market gains.
Regulatory pressure: Changes to mutual fund expense structures could cut distribution yields by a few basis points. Structured products also face ongoing regulatory scrutiny.
People risk: The model depends on relationship managers. Losing senior bankers to rivals could take clients and assets with them.
One-time gains: The 74% jump in Q1 FY27 profit overstates core growth. Investors should use adjusted profit growth of around 24% as the base case.
The recent 1-month return of just 0.6% for the multibagger wealth management stock also shows that momentum has cooled after the post-results rally.
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Anand Rathi Wealth Share: Analyst View
The analyst view on the Anand Rathi Wealth share is that the business quality is high, but the price already reflects much of it. Management’s FY27 guidance of Rs 460 crore profit implies growth of around 18% to 19%, which is solid but slower than the 30% plus pace of earlier years.
The multibagger wealth management stock is backed by a strong record of meeting guidance, and AUM crossing Rs 1 lakh crore gives it a larger base for fee income. Rising UHNI share and low client attrition support the long-term case for the multibagger wealth management stock.
Anand Rathi Wealth Share Price Target
No verified brokerage Anand Rathi Wealth share price target is available after the June 2026 bonus adjustment, so older targets should not be compared with the current price. Investors should instead watch the key technical levels on the chart.
The immediate resistance is the 52-week high of Rs 2,255, about 3.5% above the current Anand Rathi Wealth share price. The 52-week low of Rs 1,353.85 is the major support, around 38% below current levels.
Any fresh Anand Rathi Wealth share price target from analysts will likely hinge on AUM growth and whether FY27 profit beats Rs 460 crore. A sustained close above Rs 2,255 would signal renewed momentum, while a break below around Rs 1,900 could point to a deeper correction.
Conclusion
This multibagger wealth management stock has turned Rs 1 lakh at listing into roughly Rs 14.5 lakh in under five years. The rise was powered by tripled AUM, a richer client mix, profit growth of over 30% a year and a sharp rerating from about 20 times to nearly 78 times earnings.
The business remains strong, with a 40% ROE, almost no debt and a clear FY27 profit target. But the Anand Rathi Wealth share price already prices in steady growth, and core profit growth has slowed to around 24%. Investors may prefer to wait for dips and track quarterly net flows before adding to this multibagger wealth management stock.
Disclaimer: Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Which multibagger wealth management stock rose 1,355% since listing?
Ans. Anand Rathi Wealth Ltd (NSE: ANANDRATHI) is the multibagger wealth management stock that gained approximately 1,355.33% on the 5-year screen as of 10 September 2026. Because it listed in December 2021, this is effectively a since-listing return, and it ranked 5th among 101 NSE stocks screened.
Is the Anand Rathi Wealth return adjusted for bonus issues?
Ans. Yes, the return is adjusted for two 1:1 bonus issues, one in March 2025 and one with a record date of 3 June 2026. The Rs 600 listing price equals about Rs 150 after adjustment, so the gain in the multibagger wealth management stock reflects genuine price appreciation.
Why did the Anand Rathi Wealth share price rise so much?
Ans. The multibagger wealth management stock rose because AUM more than tripled to over Rs 1 lakh crore, profits grew about three times between FY22 and FY26, and the market re-rated the stock from roughly 20 times to nearly 78 times earnings. A shift towards ultra-rich clients and low attrition also helped.
What were Anand Rathi Wealth Q1 FY27 results?
Ans. The multibagger wealth management stock reported total income growth of about 52% to Rs 432.27 crore and reported net profit rose about 74% to Rs 163.01 crore. Excluding fair value gains and ESOP-related items, adjusted profit grew around 24% to approximately Rs 116 crore.
What is the 52-week high and low of Anand Rathi Wealth?
Ans. The 52-week high is Rs 2,255 and the 52-week low is Rs 1,353.85 on NSE, both adjusted for the June 2026 bonus. The multibagger wealth management stock traded near Rs 2,178 on 10 September 2026.
Is this multibagger wealth management stock overvalued?
Ans. On trailing earnings it looks expensive, with a PE of about 77.6 against an industry PE of about 19.3. A 39.7% ROE and minimal debt justify part of the premium, but any slowdown in growth could trigger a correction.
What is the Anand Rathi Wealth share price target?
Ans. No verified brokerage share price target is available after the June 2026 bonus adjustment. Investors in the multibagger wealth management stock can track the 52-week high of Rs 2,255 as resistance and the 52-week low of Rs 1,353.85 as support, along with the Rs 460 crore FY27 profit guidance.
Should I buy a multibagger wealth management stock after a 1,355% rally?
Ans. After such a large move, much of the good news is already in the price, so fresh buyers face valuation and volatility risk. Staggered buying, tracking quarterly net flows and consulting a SEBI-registered advisor are sensible steps.
