MarketFriction

Arihant Superstructures Ltd

NSE ARIHANTSUP · BSE 506194 · Residential, Commercial Projects
₹216.63 -2.79%
NSE close2026-10-01
52 week range188.80 - 465.00
Market cap₹1,001 Cr.
P/E25.1
Price band 20% Delivery 62.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales108.91119.23155.3783.69111.80150.77152.58120.96122.65126.04180.80131.59
Expenses83.5693.24124.4773.1182.90108.24130.5984.0692.6997.11150.57104.04
Operating Profit25.3525.9930.9010.5828.9042.5321.9936.9029.9628.9330.2327.55
OPM %23.28%21.80%19.89%12.64%25.85%28.21%14.41%30.51%24.43%22.95%16.72%20.94%
Other Income0.140.230.770.501.200.862.481.981.181.271.201.55
Interest6.166.866.437.939.409.4413.7117.0317.0518.3515.3015.54
Depreciation0.550.560.540.550.570.600.640.620.720.770.730.72
Profit before tax18.7818.8024.702.6020.1333.3510.1221.2313.3711.0815.4012.84
Tax %14.48%16.97%29.43%23.08%20.67%23.69%-11.36%25.06%25.50%25.45%22.60%23.83%
Net Profit16.0615.6117.441.9915.9725.4511.2715.919.968.2711.919.78
EPS in Rs3.903.794.240.483.886.182.743.682.301.912.752.26
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales122185188239233270331389504499551561
Expenses87122151186190222261312397395424444
Operating Profit3563375343487078108104127117
OPM %29%34%20%22%18%18%21%20%21%21%23%21%
Other Income121452227555
Interest41015323028212626406866
Depreciation111222222233
Profit before tax315322231620485286666153
Tax %33%32%34%19%29%21%15%18%20%17%25%
Net Profit213615181116414369554640
EPS in Rs4.637.973.053.151.332.7110.0410.3716.8213.2810.659.22
Dividend Payout %19%13%16%16%0%0%0%5%7%11%2%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%15%12%5%
Compounded Profit Growth9%33%3%-42%
Stock Price CAGR10%9%8%-42%
Return on Equity18%21%20%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital414141414141414141414143
Reserves21407376808698137169226268320
Borrowings146211256277378387296299332477738874
Other Liabilities179201235282226234255377491452538533
Total Liabilities3864926046767257486898541,0331,1971,5861,770
Fixed Assets55132711202021222194104
CWIP0000000000421
Investments150000000000
Other Assets3804825916487157286688341,0111,1761,4881,644
Total Assets3864926046767257486898541,0331,1971,5861,770
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-14-24-3014-812512121-12-126-178-71
Cash from Investing Activity5-15-3-1518-8-1-1-25-80-27
Cash from Financing Activity43931166-21-119-17712826194
Net Cash Flow-50-113-313-773-4
Free Cash Flow-15-24-307-842411919-15-128-254-101
CFO/OP-49%-55%-25%86%-140%73%268%39%-5%-100%-161%-44%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days222866994355356680758367
Inventory Days4,2033,877986
Days Payable68357798
Cash Conversion Cycle22286699433,5753,33566807583955
Working Capital Days473661571438558618472341463478672694
ROCE %13%14%19%10%12%9%10%14%14%16%11%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.71%74.71%74.71%74.71%74.71%74.71%74.71%71.10%71.10%71.10%71.10%71.10%
FIIs0.56%0.00%0.00%0.03%0.02%0.31%0.18%0.17%0.18%0.22%0.17%0.18%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.03%0.00%0.00%
Public24.74%25.28%25.28%25.25%25.27%24.97%25.10%28.71%28.70%28.65%28.73%28.71%
No. of Shareholders7,0146,6456,5066,4407,6607,6847,8417,5657,2397,0006,7537,103

Fundamentals

Market Cap₹ 1,001 Cr.
Current Price₹ 230
Stock P/E25.1
Book Value₹ 84.0
ROCE10.6 %
ROE13.7 %
Dividend Yield0.11 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)-42%
Consolidated figures.
Valuation
Market capRs 942 Cr
Enterprise valueRs 1,796 Cr
P/E (TTM)23.59x
Price to book2.59x
Price to sales1.68x
EV / EBITDA14.74x
EV / EBIT15.10x
EV / sales3.20x
Earnings yield4.24%
Dividend yield0.11%
P/E, 3-year average25.31x
P/B, 3-year average5.28x
P/E, 5-year average20.70x
P/B, 5-year average4.37x
Profitability
Operating margin (excl. other income)22.97%
Operating margin (incl. other income)23.89%
EBITDA margin21.72%
Pre-tax margin9.39%
Net profit margin7.11%
Net margin, latest quarter7.43%
ROE13.69%
ROCE11.27%
ROA2.74%
ROE, 3-year average20.57%
ROCE, 3-year average13.54%
ROA, 3-year average4.29%
ROE, 5-year average21.95%
ROCE, 5-year average14.23%
ROA, 5-year average4.55%
ROIC (approx.)7.36%
Tax rate24.62%
Other income / net worth1.39%
Growth
Sales growth (latest year)10.45%
Profit growth (latest year)-15.80%
Sales CAGR, 3 years12.26%
Sales CAGR, 5 years15.32%
Profit CAGR, 3 years2.56%
Profit CAGR, 5 years32.74%
Sales growth QoQ-27.22%
Profit growth QoQ-17.88%
Sales growth YoY (latest quarter)8.79%
Profit growth YoY (latest quarter)-38.53%
Per share
EPS (TTM)Rs 9.18
EPS (latest quarter)Rs 2.25
EPS, 3-year averageRs 15.05
EPS, 5-year averageRs 12.63
Book value per shareRs 83.61
Sales per shareRs 129.07
Cash flow per shareRs -16.28
Free cash flow per shareRs -23.23
Dividend per share, 3-year averageRs 1.35
Dividend per share, 5-year averageRs 1.07
Dividends
Dividend payout2.35%
Dividend payout, 3-year average6.92%
Dividend payout, 5-year average6.40%
Efficiency
Asset turnover0.31x
Fixed asset turnover5.29x
Inventory turnover0.37x
Inventory days986 days
Debtor days67 days
Debtors turnover5.49x
Creditor days98 days
Cash conversion cycle955 days
Working capital days694 days
Leverage
Total debtRs 874 Cr
Cash and bankRs 20 Cr
Net debtRs 854 Cr
Debt to equity2.41x
Net debt / EBITDA7.01x
Interest coverage1.80x
Current ratio (filing 2026-03-31)2.90x
Quick ratio (filing 2026-03-31)1.30x
Trade payables (filing 2026-03-31)Rs 89 Cr
Owners' fund to total sources20.53%
Debt to assets49.39%
Cash flow
Cash from Operating Activity (latest year)Rs -71 Cr
Cash from Investing Activity (latest year)Rs -27 Cr
Cash from Financing Activity (latest year)Rs 94 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs -101 Cr
FCFE (approx.: FCF + change in debt)Rs 35 Cr
Cash from ops / profit, 5 years-1.44x
Statement figures
Net sales (TTM)Rs 561 Cr
Net sales (latest year)Rs 551 Cr
Sales (latest quarter)Rs 132 Cr
Operating profit excl. other income (latest year)Rs 127 Cr
Operating profit (latest quarter)Rs 28 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 122 Cr
PBDT (TTM)Rs 56 Cr
Profit before tax (TTM)Rs 53 Cr
Tax (latest year)Rs 15 Cr
Net profit (TTM)Rs 40 Cr
Net profit (latest year)Rs 46 Cr
Net profit (latest quarter)Rs 10 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 66 Cr
Cost of goods sold (latest year)Rs 332 Cr
Total expenditure (latest year)Rs 424 Cr
Total income (latest year)Rs 556 Cr
Share capitalRs 43 Cr
ReservesRs 320 Cr
Shareholders' fundsRs 363 Cr
Total assetsRs 1,770 Cr
Net blockRs 104 Cr
Capital work in progressRs 21 Cr
InvestmentsRs 0 Cr
ReceivablesRs 100 Cr
InventoryRs 898 Cr
Other liabilitiesRs 533 Cr
Shares outstanding (crore)4.35
Ownership
Promoter holding71.10% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 22.3 is at the 52th percentile of its own 9.4-year range (median 22.2, low 5.4, high 65.6).
P/B 2.45 is at the 29th percentile (median 3.89).
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.
PeriodARIHANTSUPNifty 50Difference
1 week-10.9%-2.8% -8.1 pts
1 month-13.4%-6.8% -6.6 pts
3 months-16.3%-7.6% -8.7 pts
6 months+12.4%+0.4% +12.0 pts
1 year-46.6%-9.9% -36.7 pts
2 years-42.1%-13.6% -28.6 pts
3 years+17.1%+14.2% +2.9 pts
5 years+46.2%+27.9% +18.3 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -221% of net profit over the last 3 years
lookAuditor change Auditor change 2026-09-24: Arihant Superstructures Limited has informed the Exchange regarding Change in Auditors of the company.
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 2026
Sales ₹132 Cr +8.8% vs Jun 2025. Net profit ₹10 Cr -38.5%.
Against our estimate for Jun 2026: sales +7.7%, profit +8.8% in line. Our estimate for Sep 2026: sales Rs 139 Cr, profit Rs 10 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Dividend - Re 0.25 Per Share
2025-09-19Dividend - Rs 1.50 Per Share
2024-09-13Annual General Meeting/Dividend - Rs 1.20 Per Share
2023-09-15Annual General Meeting/Dividend - Re 0.50 Per Share
2022-09-12Annual General Meeting
2021-10-25 Extra Ordinary General Meeting
2021-08-18 Annual General Meeting
2020-09-03 Annual General Meeting
2019-09-18 Annual General Meeting/Dividend - Rs 0.50 Per Share
2018-09-19 Annual General Meeting/Dividend Re 0.50 Per Share
2017-09-21 Annual General Meeting/Dividend - Re 1/- Per Share
DateTypeWhat it says
2026-09-25Press ReleaseA press release dated September 25, 2026, titled "Press Release Arihant Superstructures Limited s wholly owned subsidiary Dwellcons Pvt. Ltd., Sign...
2026-09-24Change in ManagementChange in Management
2026-09-24Change in AuditorsChange in Auditors of the company.
2026-09-24General UpdatesGeneral Updates
2026-09-24Shareholder meetingVoting results.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-23Concall / analyst meetSchedule of meet
2026-09-02General UpdatesWeb-link of the Notice of the 43rd Annual General Meeting of the shareholders of Arihant Superstructures Limited and Annual Report FY 2025-26.
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-31Concall / analyst meetSchedule of meet
2026-08-19Concall / analyst meetSchedule of meet
2026-08-17Concall / analyst meetTranscript
2026-08-10Concall / analyst meetLink of Recording
2026-08-08Investor PresentationInvestor Presentation
2026-08-08Press ReleaseA press release dated August 08, 2026, titled "Press Release and Investor Presentation for the quarter ended June 30, 2026.".
2026-08-07Record DateRecord date for the purpose of Dividend is 11-Sep-2026.
2026-08-07Board meeting outcomeOutcome of Board Meeting held on August 07, 2026.
2026-08-07Board meeting outcomeArihant Superstructures Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-04Concall / analyst meetSchedule of meet
2026-07-21AppointmentAppointment of Dr. Raghuveer Singh Rajpurohit as Independent Director of the company w.e.f. July 21, 2026.
2026-07-21Director changeChange in Director(s) of the company.
2026-07-21Change in ManagementChange in Management
2026-07-09Structural Digital DatabaseSDD Compliance Certificate for quarter ended June 30, 2026.
2026-07-02Reply to Clarification- FinaThe Exchange had sought clarification from Arihant Superstructures Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI...
2026-06-29Concall / analyst meetSchedule of meet
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.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Arihant Superstructures Ltd?

Arihant Superstructures Ltd (ARIHANTSUP) has a market capitalisation of Rs 1,001 Cr. at the 2026-10-01 close.

What is the P/E ratio of Arihant Superstructures Ltd?

Arihant Superstructures Ltd trades at a P/E of 25.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Arihant Superstructures Ltd's latest quarterly results?

In the Jun 2026 quarter, Arihant Superstructures Ltd sales was Rs 132 Cr (+8.8% vs Jun 2025) and net profit was Rs 10 Cr.

What is the 52-week high and low of Arihant Superstructures Ltd?

The 52-week high is Rs 465.00 and the 52-week low is Rs 188.80.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03