Angel OneBOM:543235 -1.91%89 Operating Margin % is 38.76% as of Mar. 2026, which is 39% above its 10-year median of 27.79. GuruFocus rates BOM:543235 with a GF Score™ of 89/100 and a GF Value™ of ₹268.39 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 667 Capital Markets companies, Angel One ranks better than 71.66% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Angel One's Operating Income for the
three
months ended in Mar. 2026 was ₹5,639 Mil. Angel One's Revenue for the
three
months ended in Mar. 2026 was ₹14,550 Mil. Therefore, Angel One's Operating Margin % for the quarter that ended in Mar. 2026 was 38.76%.
Warning Sign:
Angel One Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -10.7%.
The historical rank and industry rank for Angel One's Operating Margin % or its related term are showing as below:
BOM:543235'
s Operating Margin % Range Over the Past 10 Years
Min: 16.57 Med: 27.79 Max: 40.54
Current: 32.75
BOM:543235's Operating Margin % is ranked better than 71.66% of 667
companies
in the Capital Markets industry
Industry Median: 7.13
vs BOM:543235: 32.75
Angel One's 5-Year Average Operating Margin % Growth Rate was -10.70% per year.
Angel One's Operating Income for the
three
months ended in Mar. 2026 was ₹5,639 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹16,754 Mil.
Angel One (BOM:543235) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Angel One Operating Margin % Related Terms
Angel One Operating Margin % Historical Data
* Premium members only.
The historical data trend for Angel One's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:543235 vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, Angel One's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Angel One Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Angel One's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Angel One's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Angel One's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Angel One (BOM:543235) has a Operating Margin % of 38.76% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Angel One and its competitors. This is 39% above median its historical median of 27.79. Over the past decade, Angel One's Operating Margin % has ranged from 16.57 to 40.54. According to the industry distribution chart, Angel One ranks #189 out of 667 companies in the Capital Markets industry, placing it in the top 28.3%.
Is Angel One's Operating Margin % too high?
Angel One's current Operating Margin % of 38.76% is 39% above median its 10-year median of 27.79. Over the past 10 years, this metric has ranged from a low of 16.57 to a high of 40.54. The Capital Markets industry median Operating Margin % is 7.13. Angel One's value of 38.76% is 443.6% above this industry median. Based on the distribution chart, Angel One ranks #189 out of 667 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Angel One has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Angel One's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Angel One ranks #189 out of 667 companies for Operating Margin %. This puts Angel One in the upper half of its industry. The industry median Operating Margin % is 7.13. Angel One's value of 38.76% is 443.6% above this benchmark. Historically, Angel One's own Operating Margin % has ranged from 16.57 to 40.54 over the past decade. While the company's 10-year median is 27.79 vs. the industry median of 7.13, Angel One has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 7.13, based on 667 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Angel One's current Operating Margin % of 38.76% is 443.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Angel One and its competitors. For the Capital Markets industry, the median Operating Margin % is 7.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Angel One's current Operating Margin % is 38.76%, which is 39% above median its own 10-year median of 27.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Angel One stock overvalued right now?
Based on GuruFocus' analysis, Angel One (BOM:543235) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹268.39, compared to a current price of ₹328.75 — trading 22.5% above its estimated fair value. The current Operating Margin % is 38.76%, which is 39% above median its 10-year median of 27.79 and 443.6% above the Capital Markets industry median of 7.13. Angel One's overall GF Score™ is 89/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Angel One (BOM:543235), the current Operating Margin % is 38.76% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Angel One (BOM:543235) Overvalued in 2026?
Based on GuruFocus' analysis, Angel One stock appears to be overvalued.
The current stock price of ₹328.75 is trading 22.5% above its estimated GF Value™ of ₹268.39.
GuruFocus considers Angel One to be Modestly Overvalued.
Key valuation signals for BOM:543235:
Operating Margin %: 38.76% (39% above median its 10-year median of 27.79)
GF Value™: ₹268.39 vs. price of ₹328.75 (22.5% above fair value)
Industry Position: 443.6% above the Capital Markets median (#189 of 667)
No single metric tells the full story. See the BOM:543235 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Angel One Ltd is a technology enabled financial services platform offering a range of investment and financial solutions across capital markets. Through its flagship Angel One platform, accessible across mobile, web and tablet interfaces, the company provides customers with access to capital markets, investment products and wealth creation tools through a single digital interface. The platform leverages technology driven processes, including data analytics and automation, to support scalable service delivery and customer engagement. Its products and services include Trading & Broking, Depository Operations, Research & Advisory, Margin Trading Funding, Third-Party Financial Product Distribution, IPO & Primary Market Access, and Investor Education & Knowledge Platforms.
89GF Score
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