Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 56 | 73 | 64 | 73 | 76 | 52 | 46 | 51 | 57 | 49 | 49 | 78 |
| Expenses | 35 | 43 | 27 | 43 | 46 | 35 | 31 | 30 | 33 | 35 | 41 | 43 |
| Operating Profit | 21 | 29 | 37 | 30 | 31 | 17 | 15 | 20 | 24 | 14 | 8 | 35 |
| OPM % | 38% | 41% | 58% | 41% | 40% | 32% | 32% | 40% | 42% | 28% | 16% | 45% |
| Other Income | 0 | 1 | 0 | 1 | 1 | 5 | 0 | 1 | 0 | 0 | -0 | 1 |
| Interest | 2 | 4 | 4 | 5 | 6 | 5 | 4 | 4 | 6 | 6 | 5 | 7 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 19 | 26 | 33 | 25 | 25 | 16 | 11 | 16 | 17 | 7 | 2 | 28 |
| Tax % | 23% | 24% | 24% | 25% | 21% | 25% | 27% | 22% | 23% | 27% | 67% | 24% |
| Net Profit | 15 | 20 | 25 | 19 | 20 | 12 | 8 | 13 | 13 | 5 | 0 | 21 |
| EPS in Rs | 1.41 | 1.88 | 2.37 | 1.81 | 1.92 | 1.18 | 0.74 | 1.22 | 1.25 | 0.47 | 0.05 | 1.96 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 56 | 87 | 102 | 93 | 91 | 116 | 170 | 138 | 235 | 247 | 206 | 233 |
| Expenses | 39 | 48 | 58 | 58 | 58 | 67 | 97 | 86 | 128 | 152 | 137 | 152 |
| Operating Profit | 17 | 39 | 44 | 35 | 33 | 49 | 73 | 51 | 107 | 95 | 69 | 81 |
| OPM % | 30% | 45% | 43% | 38% | 36% | 42% | 43% | 37% | 45% | 38% | 34% | 35% |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 3 | 7 | 1 | 1 |
| Interest | 3 | 13 | 14 | 11 | 9 | 4 | 7 | 11 | 14 | 22 | 24 | 25 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 4 |
| Profit before tax | 13 | 25 | 30 | 24 | 23 | 44 | 65 | 39 | 93 | 77 | 42 | 54 |
| Tax % | 33% | 33% | 31% | 31% | 24% | 21% | 23% | 26% | 24% | 24% | 25% | |
| Net Profit | 9 | 17 | 21 | 17 | 17 | 35 | 50 | 29 | 71 | 59 | 31 | 40 |
| EPS in Rs | 0.82 | 1.60 | 1.99 | 1.61 | 1.68 | 3.33 | 4.84 | 2.80 | 6.77 | 5.64 | 2.87 | 3.73 |
| Dividend Payout % | 18% | 9% | 8% | 9% | 12% | 6% | 6% | 14% | 7% | 9% | 17% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 14% | 12% | 14% | 3% | ||
| Compounded Profit Growth | 14% | -2% | 3% | -20% | ||
| Stock Price CAGR | 23% | 26% | 9% | -18% | ||
| Return on Equity | 16% | 16% | 15% | 8% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 |
| Reserves | 66 | 73 | 90 | 108 | 124 | 139 | 172 | 218 | 246 | 312 | 374 | 430 |
| Borrowings | 0 | 0 | 8 | 95 | 109 | 41 | 56 | 82 | 60 | 99 | 96 | 239 |
| Other Liabilities | 62 | 57 | 91 | 95 | 99 | 144 | 223 | 267 | 206 | 359 | 307 | 417 |
| Total Liabilities | 139 | 140 | 200 | 309 | 343 | 335 | 461 | 579 | 522 | 780 | 787 | 1,097 |
| Fixed Assets | 11 | 18 | 19 | 21 | 21 | 21 | 20 | 12 | 14 | 15 | 29 | 34 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 13 | 0 | 15 | 3 | 15 | 8 | 16 | 26 | 19 | 15 | 24 | 36 |
| Other Assets | 115 | 122 | 165 | 285 | 306 | 307 | 425 | 541 | 489 | 751 | 734 | 1,027 |
| Total Assets | 139 | 140 | 200 | 309 | 343 | 335 | 461 | 579 | 522 | 780 | 787 | 1,097 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1 | -13 | 14 | -46 | -4 | 118 | -32 | -18 | 15 | -30 | 32 | -122 |
| Cash from Investing Activity | 6 | 5 | -16 | 16 | -4 | -2 | -7 | 13 | -0 | 6 | -21 | -22 |
| Cash from Financing Activity | -2 | -4 | 8 | 85 | 3 | -77 | 10 | 18 | -32 | 27 | -14 | 153 |
| Net Cash Flow | 6 | -12 | 6 | 54 | -5 | 38 | -28 | 13 | -17 | 4 | -4 | 9 |
| Free Cash Flow | 10 | -22 | 12 | -49 | -5 | 117 | -32 | -11 | 10 | -33 | 15 | -126 |
| CFO/OP | 28% | -50% | 57% | -84% | 8% | 382% | -46% | -9% | 52% | -8% | 53% | -159% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 164 | 179 | 282 | 417 | 503 | 303 | 478 | 421 | 459 | 150 | 143 | 174 |
| Inventory Days | 1,136 | |||||||||||
| Days Payable | 2,291 | |||||||||||
| Cash Conversion Cycle | 164 | 179 | -873 | 417 | 503 | 303 | 478 | 421 | 459 | 150 | 143 | 174 |
| Working Capital Days | -40 | 115 | 77 | -43 | 287 | -198 | -72 | -53 | -38 | -317 | -201 | -351 |
| ROCE % | 27% | 20% | 40% | 27% | 15% | 15% | 22% | 27% | 16% | 29% | 21% | 11% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 71.64% | 70.18% | 69.81% | 69.81% | 69.81% | 69.81% | 69.81% | 69.81% | 69.81% | 67.67% | 67.68% | 67.68% |
| FIIs | 0.06% | 0.06% | 0.18% | 0.17% | 0.68% | 0.51% | 0.09% | 0.03% | 0.22% | 0.04% | 0.05% | 0.03% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.03% |
| Public | 28.30% | 29.76% | 30.00% | 30.01% | 29.49% | 29.68% | 30.10% | 30.16% | 29.97% | 32.27% | 32.24% | 32.24% |
| No. of Shareholders | 13,219 | 14,753 | 18,099 | 22,030 | 26,637 | 28,725 | 29,259 | 28,520 | 24,874 | 32,586 | 30,812 | 30,214 |
Fundamentals
Market Cap₹ 991 Cr.
Current Price₹ 90.6
Stock P/E24.8
Book Value₹ 40.2
ROCE11.5 %
ROE7.67 %
Dividend Yield0.55 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)-20%
Consolidated figures.
Valuation
Market capRs 971 Cr
Enterprise valueRs 701 Cr
P/E (TTM)24.13x
Price to book2.20x
Price to sales4.17x
EV / EBITDA8.51x
EV / EBIT8.89x
EV / sales3.01x
Earnings yield4.14%
Dividend yield0.56%
P/E, 3-year average13.51x
P/B, 3-year average1.69x
P/E, 5-year average11.53x
P/B, 5-year average1.47x
Profitability
Operating margin (excl. other income)33.64%
Operating margin (incl. other income)33.89%
EBITDA margin35.35%
Pre-tax margin23.05%
Net profit margin17.28%
Net margin, latest quarter27.58%
ROE7.62%
ROCE11.42%
ROA3.34%
ROE, 3-year average16.19%
ROCE, 3-year average20.80%
ROA, 3-year average7.22%
ROE, 5-year average17.02%
ROCE, 5-year average20.96%
ROA, 5-year average7.33%
ROIC (approx.)34.70%
Tax rate24.77%
Other income / net worth0.12%
Growth
Sales growth (latest year)-16.77%
Profit growth (latest year)-46.41%
Sales CAGR, 3 years14.38%
Sales CAGR, 5 years12.14%
Profit CAGR, 3 years2.61%
Profit CAGR, 5 years-1.92%
Sales growth QoQ58.87%
Profit growth QoQ4198.00%
Sales growth YoY (latest quarter)53.46%
Profit growth YoY (latest quarter)69.21%
Per share
EPS (TTM)Rs 3.67
EPS (latest year)Rs 2.87
EPS (latest quarter)Rs 1.96
EPS, 3-year averageRs 5.09
EPS, 5-year averageRs 8.45
Book value per shareRs 40.23
Sales per shareRs 21.25
Cash flow per shareRs -11.12
Free cash flow per shareRs -11.49
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.68
Dividends
Dividend payout17.42%
Dividend payout, 3-year average11.22%
Dividend payout, 5-year average10.83%
Efficiency
Asset turnover0.19x
Fixed asset turnover6.06x
Inventory turnover0.92x
Inventory days397 days
Debtor days174 days
Debtors turnover2.09x
Creditor days2291 days
Cash conversion cycle174 days
Working capital days-351 days
Leverage
Total debtRs 239 Cr
Cash and bankRs 509 Cr
Net debtRs -270 Cr
Debt to equity0.54x
Net debt / EBITDA-3.28x
Interest coverage3.14x
Owners' fund to total sources40.18%
Debt to assets21.79%
Cash flow
Cash from Operating Activity (latest year)Rs -122 Cr
Cash from Investing Activity (latest year)Rs -22 Cr
Cash from Financing Activity (latest year)Rs 153 Cr
Net Cash Flow (latest year)Rs 9 Cr
Free cash flow (latest year)Rs -126 Cr
FCFE (approx.: FCF + change in debt)Rs 17 Cr
Cash from ops / profit, 5 years-0.51x
Statement figures
Net sales (TTM)Rs 233 Cr
Net sales (latest year)Rs 206 Cr
Sales (latest quarter)Rs 78 Cr
Operating profit excl. other income (latest year)Rs 69 Cr
Operating profit (latest quarter)Rs 35 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 82 Cr
PBDT (TTM)Rs 57 Cr
Profit before tax (TTM)Rs 54 Cr
Tax (latest year)Rs 10 Cr
Net profit (TTM)Rs 40 Cr
Net profit (latest year)Rs 31 Cr
Net profit (latest quarter)Rs 21 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 25 Cr
Cost of goods sold (latest year)Rs 79 Cr
Total expenditure (latest year)Rs 137 Cr
Total income (latest year)Rs 206 Cr
Share capitalRs 11 Cr
ReservesRs 430 Cr
Shareholders' fundsRs 441 Cr
Total assetsRs 1,097 Cr
Net blockRs 34 Cr
InvestmentsRs 36 Cr
ReceivablesRs 98 Cr
InventoryRs 86 Cr
Other liabilitiesRs 417 Cr
Shares outstanding (crore)10.96
Ownership
Promoter holding67.68% (-2.13 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 24.1 is at the 88th percentile of its own 9.4-year range
(median 13.1, low 3.8, high 28.4).
P/B 2.20 is at the 52th percentile (median 2.08).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ARIHANTCAP | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.7% | -2.8% | -0.9 pts |
| 1 month | +10.7% | -6.8% | +17.5 pts |
| 3 months | +24.8% | -7.6% | +32.4 pts |
| 6 months | +52.2% | +0.4% | +51.8 pts |
| 1 year | -19.7% | -9.9% | -9.8 pts |
| 2 years | -18.5% | -13.6% | -5.0 pts |
| 3 years | +26.3% | +14.2% | +12.1 pts |
| 5 years | +218.1% | +27.9% | +190.2 pts |
Red flags
F-score 1 of 8| explain | Weak cash conversion Cash from operations was -75% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 14% of total assets in 2026 |
| explain | Debt up, profit down Borrowings up 150% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 74% vs sales -17% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹78 Cr +52.9% vs Jun 2025.
Net profit ₹21 Cr +61.5%.
Against our estimate for Jun 2026: sales +52.4%, profit +148.5% beat. Our estimate for Sep 2026: sales Rs 74 Cr, profit Rs 12 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Billionbrains Garage Ventures Ltd | 115,133 | 47.2 | 37.3 % |
| Motilal Oswal Financial Services Ltd | 60,069 | 30.3 | 12.7 % |
| 360 ONE WAM Ltd | 41,983 | 33.3 | 12.1 % |
| Nuvama Wealth Management Ltd | 30,484 | 28.2 | 17.5 % |
| Angel One Ltd | 25,014 | 24.2 | 14.8 % |
| IIFL Capital Services Ltd | 10,878 | 19.1 | 21.1 % |
| Share India Securities Ltd | 4,492 | 12.4 | 18.4 % |
| Anand Rathi Share & Stock Brokers Ltd | 3,156 | 21.4 | 19.8 % |
| Monarch Networth Capital Ltd | 2,714 | 15.0 | 27.6 % |
| Geojit Financial Services Ltd | 2,138 | 27.5 | 9.02 % |
| SMC Global Securities Ltd | 1,948 | 17.9 | 11.4 % |
| 5paisa Capital Ltd | 1,429 | 32.3 | 9.94 % |
| Dolat Algotech Ltd | 1,151 | 8.00 | 16.3 % |
| Dam Capital Advisors Ltd | 1,101 | 15.2 | 35.4 % |
| Systematix Corporate Services Ltd | 1,030 | 8.49 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-18 | Dividend - Re 0.50 Per Share | |
| 2025-09-19 | Dividend - Rs 0.50 Per Share | |
| 2024-09-20 | Annual General Meeting/Dividend - Re 0.50 Per Share | |
| 2023-07-28 | Annual General Meeting/Dividend - Rs 0.40 Per Share | |
| 2022-07-14 | Annual General Meeting/Dividend - Rs 0.15 Per Share | |
| 2022-04-12 | Face Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Share | 0.2000 |
| 2022-03-14 | Interim Dividend - Rs 0.75 Per Share | |
| 2021-09-16 | Annual General Meeting/Dividend - Re 1 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Arihant Capital Markets Ltd?
Arihant Capital Markets Ltd (ARIHANTCAP) has a market capitalisation of Rs 991 Cr. at the 2026-10-01 close.
What is the P/E ratio of Arihant Capital Markets Ltd?
Arihant Capital Markets Ltd trades at a P/E of 24.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were Arihant Capital Markets Ltd's latest quarterly results?
In the Jun 2026 quarter, Arihant Capital Markets Ltd sales was Rs 78 Cr (+52.9% vs Jun 2025) and net profit was Rs 21 Cr.
What is the 52-week high and low of Arihant Capital Markets Ltd?
The 52-week high is Rs 120.00 and the 52-week low is Rs 56.97.