360 ONE WAM LIMITED (360ONE)
Mid CapFinancial Services stocks · Mid cap · NSE
360 ONE WAM Limited is one of India’s largest wealth and alternates asset managers. It provides bespoke, advice-oriented solutions for UHNIs and HNIs, and offers asset management across public markets and alternatives. The company manages assets for 8,900+ families and corporates.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust needs verification, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Excellent · 75/100Rev +35% YoY · PAT +16% YoY · margin expansion · +10% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,226 Cr | +34.6% | +10.0% |
| EBITDA | ₹773 Cr | +36.6% | +16.6% |
| Operating margin | 63.0% | +100 bps | +400 bps |
| PAT | ₹331 Cr | +16.1% | +14.5% |
| PAT margin | 27.0% | -428 bps | +108 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Q1 FY27 PAT up 14.8% YoY to Rs 330 crore; Total Revenue increased 20.0% YoY to Rs 870 crore, driven by strong ARR AUM growth to Rs 3,42,035 crore.
The company delivered strong YoY growth in PAT and Total Revenue, primarily fueled by robust expansion in Annual Recurring Revenue (ARR) AUM and healthy net flows in Wealth Management. However, Asset Management saw negative net flows QoQ, and overall ARR retention declined, warranting close monitoring.
Revenue from Operations (Q1 FY27)
Latest issuer-disclosed distribution across 3 reported categories.
Wealth Management ARR AUM Growth
Wealth Management ARR AUM rose to Rs 2,41,896 Crs (+24.2% YoY) supported by net flows across segments.
360 ONE Plus Proposition
360 ONE Plus proposition saw AUM growth of 39.4% YoY.
Asset Management Segment Growth
Asset Management ARR AUM increased to Rs 1,00,139 Crs (+8.2% YoY) driven by growth across Private Equity, Credit and Real Assets segments.
Lending Book Expansion
Loan book of approx. INR 13,000 Crs across 1,000+ clients reflecting the balance-sheet strength and credit discernment underpinning the franchise.
India's Wealth Creation
India is witnessing wealth creation at a pace and breadth never seen before through liquidity events, private equity exits, new-economy listings, and the steady financialisation of savings.
Strong Brand and Platform
The 360 ONE brand has never been stronger, a direct outcome of the robust strength of our platform, high quality of our talent, and client-first model.
Asset Management Net Flows
Asset Management ARR Net Flows were negative at -Rs 2,564 crore for Q1 FY27.
Declining ARR Retention
Combined ARR retention declined to 74 bps in Q1 FY27 from 78 bps in Q4 FY26 and 79 bps in Q1 FY26.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
For financial services, both year-on-year growth indicates sustained business expansion and market penetration, while quarter-on-quarter trends highlight sequential momentum, client acquisition, and operational efficiency.
Overall Assets Under Management (AUM)
Overall AUM at Rs 7,76,755 crore as on June 2026, up 17.0% YoY.
Annual Recurring Revenue (ARR) AUM
ARR AUM at Rs 3,42,035 crore, up 19.0% YoY.
ARR Net Flows
ARR Net Flows at Rs 10,815 crore for Q1 FY27.
Combined ARR Retention
UNDER_STRESSCombined ARR retention at 74 basis points (bps) for Q1 FY27, down from 78 bps in Q4 FY26 and 79 bps in Q1 FY26.
Positioned for Sustained Growth
As we deepen our presence across asset classes, expand geographically, and scale newer businesses with patience and discipline, we are well positioned for sustained, profitable growth.
Focus on Recurrent Revenue
Overall focus on recurrent revenue streams remains strong, with multiple asset classes and multiple client segments ensuring resilience of the business.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| ARR Net Flows (Consolidated) | Rs 10,815 crore (Q1 FY27) | Sustained positive net flows, particularly a reversal in the Asset Management segment. |
| Combined ARR Retention | 74 bps (Q1 FY27) | Stabilization or improvement in retention rates across Wealth and Asset Management segments. |
| Cost to Income Ratio | 51.3% (Q1 FY27) | Management's ability to control costs, as total expenses increased 27.1% YoY. |
| Asset Management ARR Net Flows | -Rs 2,564 crore (Q1 FY27) | Reversal to positive net flows in the Asset Management segment to support AUM growth. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
61BullishSMA20 +4.5% / mo · MACD −
Technical chart
360ONEdaily · 1Y · AUTO+5.2%Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 42. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~4.3% over last month) — short-term momentum positive.
- RSI(14) at 42 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 8% off 52W high · 25% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 3.9% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +0.5%.
- Both 3-month and 6-month returns are positive.
Valuation & score drivers
U-Score 27 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 27 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
OVERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Growth contributes 19/25 to the score.
- Quality contributes 7/20 to the score.
- Valuation contributes 0/30 to the score.
Main drags
- Fair-value margin of safety is negative at -31.7%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +2 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 20th percentile of the scored universe and 35th percentile within Financial Services. Main check: cash conversion is weak at 28/100.
Mixed Trust Lite: Promoter pledge is zero. Key concern: Operating cash flow is negative at ₹-2921 Cr.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Financial Services: 35th pctile, median 62 · Mid: 12th pctile, median 76
96 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
- ▸Latest 3 quarters had positive YoY PAT growth.
Trust risks
- ▸Operating cash flow is negative at ₹-2921 Cr.
- ▸Promoter holding is only 6.2%.
- ▸Only 1 years of positive FCF.
- ▸Debt/equity is 1.62.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 36.70
- P/B
- 4.70
- EV/EBITDA
- 20.60
- Market Cap
- 46340.00Cr
Profitability
- ROE
- 14.40%
- ROCE
- 12.10%
- ROA
- 4.64%
- Dividend Y
- 1.06%
Growth (CAGR)
- Revenue 5Y
- 22.00%
- EPS 5Y
- 27.00%
- Revenue 3Y
- 30.00%
- EPS 3Y
- 23.00%
Balance Sheet
- Debt/Equity
- 1.62
- Interest Coverage
- 2.35×
- Altman Z
- 2.75
- Book Value
- 242.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -2921.00 Cr
- EPS TTM
- 31.11
Shareholding
- Promoter Hold
- 6.20%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 70%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable names in Financial Services, ranked by similarity
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.