360ONE WAM Q1 Result Signals A Structural Growth Story, Says Motilal Oswal Maintaining 'Buy'

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

360ONE Wam Ltd. offers a compelling structural growth story anchored in India's expanding wealth and asset management market. The company continues to drive strong gross flows across both wealth and asset management, with a temporary blip due to raw material attrition, which is likely to be offset by the onboarding of new teams.

The recent acquisition of B&K and the UBS collaboration enhance the company’s international footprint, broaden client access, and strengthen its transactional platform.

Operating leverage and cost synergies from integrations are expected to improve profitability as new businesses scale.

We adopt an SoTP approach to build in the optionality of UBS collaboration. Additionally, we have integrated B&K’s performance with the core performance of 360 ONE, resulting in a 7%/12% rise in PAT estimates for FY27/FY27.

Earnings from funds raised via UBS warrants forecasted for FY29 have been discounted to FY27 at 13%.

With multiple projects underway—including mid-segment HNI business expansion, ET Money integration, B&K integration, and UBS collaboration— execution will be crucial.

We reiterate our Buy rating on the stock with a one-year target price of Rs 1,450.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.