Angel One 1:10 Stock Split 2026 — Everything You Need to Know
Angel One announced a 1:10 stock split in 2026. Here's what it means for your shares, your portfolio value, and whether you should buy Angel One before the split happens.
Disclaimer
This article is for educational purposes only and should not be construed as financial advice. Please consult with a certified financial advisor before making any investment decisions. Read our complete Financial Disclaimer.
Angel One just announced a 1:10 stock split. Translation: your ₹2,500 share becomes 10 shares at ₹250 each. Same money, different packaging. But here's why the market is excited — and why this move might actually matter more than people think.
I've held Angel One shares since 2022 when the whole retail investing boom was in full swing. Bought in during that crazy period when everyone and their cousin was opening a demat account. The stock went from around ₹800 all the way to ₹3,200 at peak... and then predictably came back down. Classic. I've seen the full cycle with this one, and the stock split news genuinely made me sit up and pay attention.
Let's break down everything you need to know — no jargon, no fluff.
What Exactly Is a Stock Split? (For Those Who Are Confused)
Let's get this out of the way first because I know a lot of people see "stock split" in the news and vaguely understand it but can't quite explain it to someone else. So here's the simplest possible version.
Imagine you have a ₹500 note. That's it. Now someone says — here, let me split that into ten ₹50 notes for you. You now have 10 notes instead of 1. But your total money? Still ₹500. Nothing changed except the denomination.
That's a stock split. Exactly that.
If Angel One was trading at ₹2,500 per share and you held 10 shares, your investment was worth ₹25,000. After a 1:10 split, you now hold 100 shares at ₹250 each. Your portfolio is still worth ₹25,000. The company hasn't changed. The business hasn't changed. You haven't gained or lost a rupee.
So why do companies bother? A few reasons:
1. Accessibility. At ₹2,500 per share, a lot of small retail investors either can't afford to build a meaningful position, or they hesitate because buying even 10 shares means ₹25,000. At ₹250 per share, the same 10 shares costs ₹2,500 — a much more comfortable entry for someone investing a few thousand rupees monthly through SIP-style stock purchases.
2. Liquidity. More shares in circulation means more buyers and sellers. Tighter bid-ask spreads. Easier to enter and exit positions. This matters more than people think, especially in mid-cap stocks where liquidity can be thin.
3. Psychological boost. This one's real and a bit irrational, but the market doesn't care. A lower per-share price feels more affordable even when the market cap hasn't changed. It creates buzz. It brings in new retail investors who were on the fence. This often causes a short-term price bump post-split — not always, but often enough.
Angel One's 1:10 Split — The Actual Details
Angel One Limited (NSE: ANGELONE) officially announced a 1:10 stock split in February 2026. Here's what that means in concrete numbers:
- Split ratio: 1:10 (one existing share becomes ten new shares)
- Face value change: From ₹10 per share to ₹1 per share
- Record date: Expected in March 2026 (exact date to be confirmed — keep an eye on the NSE/BSE announcements)
- Exchange: NSE and BSE both
If you hold Angel One shares in your demat account, here's exactly what will happen on record date:
- Your existing shares get credited at a ratio of 10:1 automatically
- The share price adjusts proportionally on the same day
- You wake up to 10x the shares, at 1/10th the price
- Your total holding value remains unchanged
This is handled completely automatically by your broker and the depositories (CDSL/NSDL). You don't need to do anything. You don't need to "apply" for the split like you do in an IPO. It just happens.
One thing people sometimes worry about — will there be any tax event on the split? No. A stock split is not a taxable event in India. The cost of acquisition gets adjusted proportionally. So if you bought 1 share at ₹1,000 and it splits 1:10, your 10 shares are treated as having a cost of ₹100 each. Total cost basis stays the same.
How This Affects You As an Investor
Let me be direct about the math because people get confused here.
Before the split (hypothetical example):
- You hold: 20 shares
- Price per share: ₹2,500
- Total value: ₹50,000
After the 1:10 split:
- You hold: 200 shares
- Price per share: ₹250
- Total value: ₹50,000
Nothing. Has. Changed. In. Value.
But here's where it does matter. If you were planning to add to your Angel One position but were hesitant because of the high per-share price, you now have much more flexibility. You can buy in smaller lots — say ₹5,000 worth — and get 20 shares instead of needing ₹2,500 minimum for 1 share.
Also for options traders — if Angel One has an F&O segment — lot sizes and contract values will adjust too. Not going to get into that rabbit hole here, but worth checking the NSE circulars if you're trading derivatives.
For long-term holders like me, it's mostly a neutral event with some positive optics. The lower price per share brings in more retail participation, which can provide price support over time.
Should You Buy Angel One Before the Split?
Okay, real talk. This is the question everyone actually wants answered.
Here's my honest take: the split itself is not a reason to buy. I know that's not what the Twitter finance crowd is saying, but hear me out.
A stock split doesn't create value. The pie doesn't get bigger just because you cut it into more slices. Buying a stock purely because it's about to split is like buying a ₹100 bill for ₹105 because someone told you it's going to be exchanged for ten ₹10 notes. The underlying value doesn't change.
That said — and this is important — there are real reasons to evaluate Angel One as a long-term investment. The split is just a catalyst that's drawing attention to the stock. Let's look at the actual business.
Angel One as a Business — Is It Worth Owning?
Angel One is the third largest stockbroker in India by active clients, sitting behind Zerodha and Groww in that specific metric. But "third" in India's retail investing boom is still a massive, growing business.
Some numbers worth knowing:
- Revenue FY25: Approximately ₹4,500 crore — strong top-line growth driven by trading volumes
- Business model: Discount broking + margin funding + financial products distribution
- Client base: Tens of millions of active demat account holders
- Profitability: Consistently profitable, unlike many fintech startups that burn cash
The bull case for Angel One is essentially the bull case for Indian retail investing broadly. India has one of the lowest equity participation rates among major economies — somewhere around 3-4% of the population actually invests in stocks versus 55%+ in the US. As financial literacy improves, incomes rise, and platforms get more accessible, that number is going to go up. Angel One is positioned to capture a chunk of that growth.
The bear case is real too. SEBI has been tightening F&O regulations, which directly affects trading volumes. A significant portion of Angel One's revenue comes from derivatives trading activity. Any further regulatory tightening or a prolonged bear market that reduces retail trading activity would hurt revenue. The discount broking space is also brutally competitive — zero-commission models mean margins are thin, and customer acquisition costs are high.
My view? Angel One is a solid business in a structural growth sector, but it's not a buy-at-any-price story. At ₹250 post-split (roughly equivalent to ₹2,500 pre-split), you'd want to evaluate the P/E, revenue growth trajectory, and what SEBI's policy direction looks like over the next 12-18 months before pulling the trigger.
Angel One vs Zerodha vs Groww — A Quick Comparison
People always ask how Angel One stacks up against the other big discount brokers. Here's a quick picture:
| Parameter | Angel One | Zerodha | Groww |
|---|---|---|---|
| Listed on exchange | Yes (NSE: ANGELONE) | No (private) | No (private) |
| Active clients (approx.) | Top 3 | No. 1 | No. 2 |
| Revenue visibility | Public (quarterly results) | Not public | Not public |
| Target demographic | Tech-savvy retail | Traders and investors | First-time investors |
| Key products | Trading, AMC, distribution | Kite platform, Coin MF | Stocks, MF, US stocks |
| F&O focus | High | Very high | Lower |
The biggest advantage Angel One has over Zerodha and Groww as an investor is that it's publicly listed. You can actually buy a piece of the discount broking boom — which you can't do with Zerodha or Groww since neither has gone public (as of early 2026). For investors who believe in the Indian retail investing growth story, Angel One is essentially the purest listed play on that thesis.
Historical Stock Splits in India That Actually Worked
Let's look at precedent. Stock splits in India have historically been positive catalysts when the underlying business was strong. A few famous examples:
| Company | Split Year | Ratio | What Happened After |
|---|---|---|---|
| Infosys | 1999 | 2:1 | Stock continued multi-year bull run |
| HDFC Bank | 2011 | 5:1 | Followed by years of compounding growth |
| HDFC Bank | 2019 | 2:1 | Continued upward trajectory |
| MRF | Never split | — | Now at ₹1 lakh+ per share, very illiquid |
| Bajaj Finance | 2018 | 5:1 | Massive rally post-split |
The pattern? When a fundamentally strong company with good growth prospects does a split, it often sees increased retail participation which provides buying support. But the companies that tanked after splits did so because of business problems — not because the split was bad.
MRF is the interesting counter-example. They've never split their stock — it now trades above ₹1 lakh per share, making it completely inaccessible to most retail investors. It's a great business, but the lack of a split has genuinely hurt retail participation and probably capped some of the enthusiasm from small investors.
Angel One's management has clearly taken a different philosophy — keep the stock accessible, grow the retail base, increase liquidity. Given what they do for a living (literally onboard retail investors), this makes complete strategic sense.
The Bigger Picture: Why This Matters for Indian Retail Investors
Here's something I think about a lot. We're in the early innings of India's equity investing revolution. Ten years ago, a lot of people's parents still thought stocks were gambling. Today, my auto driver has a Groww account. That's not a joke — it actually happened.
Angel One is riding this wave and also helping create it. Every new investor who opens a demat account through any broker is a potential Angel One customer down the road — either directly or through market volume that benefits the whole ecosystem.
The stock split at 1:10 is a statement: we want more people owning our stock. More accessibility, more liquidity, more retail interest. It's a confidence signal from management — companies don't usually do splits when they're worried about their stock price direction.
For retail investors in India who've been watching Angel One from the sidelines and thinking "that's too expensive," the post-split price of around ₹250 is going to feel a lot more like a number they can work with. Whether that translates to actual buying pressure and price appreciation depends on fundamentals over the medium term.
You can also check out my analysis of TCS share price in 2026 for a different perspective on how large Indian companies are being valued right now — useful context when thinking about growth vs value in your portfolio.
FAQ — Angel One Stock Split 2026
Q: When exactly is the Angel One stock split record date?
The record date is expected in March 2026, but the exact date hasn't been officially confirmed as of this writing. Watch for announcements on the NSE/BSE websites, or your broker will typically send you a notification. You need to hold Angel One shares in your demat on the record date to be eligible for the split shares.
Q: Do I need to do anything to receive my split shares?
No. Nothing at all. If you hold shares in your demat account on the record date, the split happens automatically. You'll wake up to see 10x the shares at 1/10th the price. CDSL and NSDL handle this on the back end.
Q: Will the stock split affect my returns or cost basis?
It doesn't affect returns directly — the value doesn't change on split day. Your average cost per share will adjust proportionally. If you bought at ₹2,000 per share, post-split your cost per share becomes ₹200, but you now hold 10x the shares. Total cost basis stays the same, which matters when calculating capital gains tax.
Q: Is a stock split a good time to buy Angel One?
The split itself is not a buy signal. But if you were already evaluating Angel One on fundamentals — revenue growth, market position, India's retail investing boom — and you like the business, the post-split lower price gives you more flexibility in position sizing. Don't buy just because of the split. Buy if you believe in the business.
Q: How does Angel One's split compare to what Zerodha or Groww might do?
Neither Zerodha nor Groww is publicly listed, so stock splits don't apply to them. This is actually a key differentiator — as a listed company, Angel One gives retail investors a way to directly invest in the discount broking industry's growth. Zerodha and Groww don't offer that option.
Q: What's the face value of Angel One shares after the split?
Face value reduces from ₹10 to ₹1 per share as part of the 1:10 split. This is a technical accounting change and doesn't affect the actual market value of your holdings.
Q: Should I sell Angel One before the split to "lock in gains"?
This question misunderstands how splits work. Selling before the split and selling after the split (at 1/10th the price with 10x the shares) results in exactly the same rupee proceeds before tax. There's no financial advantage to selling before the split. If you want to sell, the timing relative to the split doesn't matter — what matters is your view on the company's future prospects.
Final Thoughts
Angel One's 1:10 stock split is genuinely interesting news — not because it changes the company's value, but because of what it signals about management's confidence and what it means for accessibility.
The business itself is fundamentally sound. India's retail investing penetration is growing, Angel One is among the top players in that space, and being publicly listed gives investors a direct way to participate in the sector's growth. The risks are real — regulatory headwinds on F&O, competition, market cycle dependency — and shouldn't be ignored.
But the split itself? It's good news for liquidity and retail participation. And in a market where sentiment and participation matter as much as fundamentals in the short term, that's not nothing.
I'm personally holding my Angel One position. I've been through the full cycle with this stock — the highs, the subsequent correction, and now this. My approach is to hold and reassess after the split based on the next couple of quarterly results. That's it.
Do your own research. Don't let the split excitement override your fundamentals analysis. And if you're new to investing, maybe this whole Angel One split discussion is actually a good prompt to learn how the markets work before you put your hard-earned money in.
Disclaimer: This article is for educational and informational purposes only and does not constitute financial or investment advice. Stock markets involve risk. The author may hold positions in stocks mentioned in this article. Please consult a SEBI-registered investment advisor before making investment decisions. Past performance of a stock is not indicative of future returns.