Whalesbook
Record Profit Ka Dhamaka!
Arre bhai, 360 ONE WAM ne toh kamaal hi kar diya! FY26 mein inka profit ekdum record level par pahunch gaya hai, ₹1,225 Crore! Pichhle saal ke comparison mein yeh 20.7% zyada hai. Ye sab bade AUM growth aur smart acquisitions ka nateeja hai. Company ka AUM bhi 16% jump kar ke ₹6.74 lakh Crore ho gaya hai.
Acquisitions Ki Wajah Se Aise Badha Business
Yaad hai UBS India wealth business aur B&K Securities wale deals? Unka asar ab dikh raha hai. Company ne apne Annual Recurring Revenue (ARR) AUM ko 26.4% badha kar ₹3.12 lakh Crore tak pahuncha diya hai, jo overall revenue ka 75% tak hai. Isse earnings ki stability aur badh gayi hai. Overall revenue bhi 18.6% upar jaa kar ₹3,144 Crore ho gaya. Aur ye ARR AUM mein net inflows toh double se bhi zyada ho gaye, lagbhag ₹55,875 Crore!
Naye Sector Mein Bhi Entry Maari
Sirf wealth management nahi, company ne renewable energy sector mein bhi kadam rakha hai. April 2026 mein, inki subsidiary ne Quark Solar Private Limited ko ₹9.39 Crore mein acquire kiya hai. Ye ek naya growth area pakadne ki koshish hai.
Valuation Aur Peers Se Comparison
Ab valuation ki baat karein toh, 360 ONE WAM ka TTM P/E ratio 38x-43x ke aas-paas hai. Iske comparison mein Anand Rathi Wealth ka TTM P/E 77x ke kareeb hai. FY28 ke liye forward P/E 24x hai, matlab market ko future earnings se bahut umeed hai.
Lekin Kuch Chinta Bhi Hai
Sab kuch accha nahi hai. Sabse badi chinta hai Return on Equity (RoE) ka girna. FY26 mein ye 19.3% tha, jo equity issue karne aur inorganic expansion ki wajah se kam hua hai. Iska matlab hai ki capital par milne wala return thoda pressure mein hai. Aur alag alag companies ko merge karne mein operational risks bhi hain.
Future Kya Kehta Hai?
Management ko strong growth par yakin hai aur analysts bhi aksar 'Strong Buy' ki salah dete hain. Unhe ummeed hai ki earnings 15-25% saal dar saal badhti rahegi. Sab kuch integration aur cost management par depend karega.