Angel Broking is well-known for its high-quality trading software and financial advice, and changed its brokerage programmes in November 2019 to compete with cheap stock brokers like Zerodha. The platform features zero-cost delivery trading, AI-powered investment tools, a robust mobile app, and an affordable brokerage model. As a publicly traded technology-led financial services company, Angel One balances competitive pricing with premium research and advisory services to capture share across retail client segments.
Cyborg Score Rationale
Angel One has a market cap of $3.08B with 911M shares as of April 27, 2026, reflecting solid market valuation. As of March 31, 2026, the company has trailing 12-month revenue of $579M, demonstrating revenue scale in a competitive market. The company benefits from structural tailwinds in Indian retail brokerage but faces competitive pressure from discount brokers.
Top Insights
Angel One generated $579M in trailing 12-month revenue as of March 31, 2026, providing a revenue base for continued investment in technology and client acquisition in India's expanding retail brokerage market.
Angel Broking offers a fixed brokerage plan with zero commission on equity delivery transactions and a flat Rs 20 per completed order on all other segments, a competitive pricing structure adopted in response to discount broker entrants.
The platform features AI-powered investment tools, SmartAPI, and a robust mobile app alongside zero-cost delivery trading, enabling Angel One to differentiate on technology and research despite competitive commodity pricing.
Named Competitors
Zerodha — Discount brokerage platform focused on low-cost equity and derivatives trading
ICICI Securities — Full-service retail brokerage with integrated banking and wealth services
Motilal Oswal — Full-service brokerage and investment platform with research and advisory
Groww — Digital investment platform for equities and mutual funds
Recent Developments
(April 2026) Stock price of $3.39 with market cap of $3.08B
(March 2026) Trailing 12-month revenue of $579M for fiscal year ending March 31, 2026
(January 2026) Angel Broking shares hit new 52-week highs on BSE amid expectations of strong earnings growth in the broking sector
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