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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 437 | 492 | 564 | 578 | 585 | 576 | 603 | 605 | 627 | 721 | 742 | 780 |
| Interest | 174 | 184 | 204 | 209 | 205 | 214 | 200 | 216 | 208 | 231 | 239 | 260 |
| Expenses | 154 | 200 | 242 | 246 | 244 | 267 | 367 | 283 | 295 | 354 | 326 | 366 |
| Financing Profit | 108 | 108 | 118 | 123 | 136 | 95 | 36 | 106 | 125 | 136 | 177 | 154 |
| Financing Margin % | 25% | 22% | 21% | 21% | 23% | 17% | 6% | 18% | 20% | 19% | 24% | 20% |
| Other Income | 3 | 5 | 1 | 5 | 1 | 5 | 4 | 2 | 1 | 4 | 3 | 3 |
| Depreciation | 4 | 5 | 5 | 4 | 3 | 6 | 5 | 4 | 5 | 5 | 5 | 4 |
| Profit before tax | 107 | 108 | 114 | 123 | 134 | 94 | 35 | 104 | 121 | 135 | 176 | 153 |
| Tax % | 26% | 24% | 25% | 24% | 28% | 22% | -10% | 25% | 25% | 24% | 24% | 25% |
| Net Profit | 79 | 82 | 86 | 94 | 96 | 73 | 38 | 78 | 91 | 102 | 133 | 114 |
| EPS in Rs | 8.59 | 8.45 | 9.94 | 10.45 | 6.05 | 4.69 | 2.34 | 5.02 | 5.68 | 6.24 | 8.20 | 7.07 |
| Gross NPA % | ||||||||||||
| Net NPA % |
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 370 | 602 | 634 | 682 | 911 | 1,306 | 1,891 | 2,344 | 2,691 | 2,870 |
| Interest | 176 | 303 | 310 | 324 | 411 | 559 | 730 | 832 | 899 | 938 |
| Expenses | 96 | 135 | 174 | 255 | 247 | 419 | 739 | 1,120 | 1,247 | 1,341 |
| Financing Profit | 98 | 164 | 151 | 103 | 252 | 329 | 422 | 392 | 545 | 591 |
| Financing Margin % | 26% | 27% | 24% | 15% | 28% | 25% | 22% | 17% | 20% | 21% |
| Other Income | 0 | 16 | 0 | 3 | 6 | 5 | 15 | 11 | 10 | 12 |
| Depreciation | 1 | 5 | 7 | 7 | 10 | 12 | 17 | 18 | 19 | 19 |
| Profit before tax | 97 | 175 | 144 | 100 | 248 | 321 | 420 | 386 | 536 | 584 |
| Tax % | 34% | 34% | 29% | 23% | 27% | 25% | 24% | 22% | 25% | |
| Net Profit | 64 | 115 | 103 | 77 | 182 | 242 | 318 | 301 | 404 | 439 |
| EPS in Rs | 8.14 | 12.65 | 10.61 | 7.68 | 19.40 | 25.83 | 34.49 | 18.87 | 25.13 | 27.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 32% | 27% | 21% | ||
| Compounded Profit Growth | % | 43% | 21% | 50% | ||
| Stock Price CAGR | % | % | % | 8% | ||
| Return on Equity | % | 12% | 12% | 11% |
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 78 | 78 | 87 | 88 | 89 | 89 | 89 | 161 | 162 |
| Reserves | 397 | 1,014 | 1,336 | 1,412 | 1,568 | 1,784 | 2,142 | 3,273 | 3,734 |
| Borrowing | 2,363 | 3,001 | 3,004 | 4,015 | 6,066 | 7,117 | 9,130 | 9,860 | 12,258 |
| Other Liabilities | 106 | 186 | 170 | 182 | 251 | 381 | 345 | 344 | 591 |
| Total Liabilities | 2,945 | 4,279 | 4,597 | 5,696 | 7,973 | 9,371 | 11,707 | 13,638 | 16,745 |
| Fixed Assets | 5 | 5 | 25 | 22 | 24 | 51 | 57 | 76 | 65 |
| CWIP | 0 | 3 | 1 | 1 | 0 | 1 | 2 | 6 | 16 |
| Investments | 1,150 | 1,193 | 1,171 | 1,383 | 1,766 | 1,790 | 1,785 | 2,052 | 2,943 |
| Other Assets | 1,789 | 3,077 | 3,400 | 4,291 | 6,183 | 7,529 | 9,863 | 11,504 | 13,720 |
| Total Assets | 2,945 | 4,279 | 4,597 | 5,696 | 7,973 | 9,371 | 11,707 | 13,638 | 16,745 |
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -336 | -54 | -711 | -1,326 | -1,296 | -2,134 | -1,047 | -1,541 | |
| Cash from Investing Activity | -36 | -26 | -201 | -386 | -115 | 36 | -388 | -851 | |
| Cash from Financing Activity | 375 | 223 | 977 | 2,028 | 928 | 2,045 | 1,586 | 2,292 | |
| Net Cash Flow | 4 | 142 | 65 | 317 | -483 | -53 | 151 | -100 | |
| Free Cash Flow | -343 | -65 | -715 | -1,338 | -1,285 | -2,148 | -1,065 | -1,556 | |
| CFO/OP | -59% | 1% | -158% | -191% | -136% | -177% | -77% | -95% |
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| ROE % | 13% | 9% | 7% | 5% | 11% | 13% | 15% | 11% | 11% |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| FIIs | 4.68% | 4.28% | 5.23% | 9.16% | 7.58% | 7.70% | 7.51% | 8.64% |
| DIIs | 23.36% | 23.13% | 22.52% | 6.89% | 7.44% | 8.29% | 7.11% | 5.63% |
| Public | 71.91% | 72.54% | 72.20% | 83.97% | 84.95% | 84.00% | 85.37% | 85.72% |
| Others | 0.06% | 0.06% | 0.06% | 0.00% | 0.01% | 0.01% | 0.01% | 0.00% |
| No. of Shareholders | 1,24,981 | 1,15,060 | 1,10,098 | 1,11,037 | 1,04,045 | 1,01,790 | 96,297 | 90,306 |
Fundamentals
Market Cap₹ 4,704 Cr.
Current Price₹ 291
Stock P/E10.7
Book Value₹ 241
ROCE9.74 %
ROE11.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)21%
Compounded Profit Growth (TTM)50%
Consolidated figures.
Valuation
Market capRs 4,659 Cr
Enterprise valueRs 13,872 Cr
P/E (TTM)10.61x
Price to book1.36x
Price to sales1.62x
EV / EBITDA9.00x
EV / EBIT9.11x
EV / sales4.83x
Earnings yield9.43%
P/E, 3-year average8.88x
P/B, 3-year average0.79x
P/E, 5-year average8.88x
P/B, 5-year average0.79x
Profitability
Operating margin (excl. other income)52.23%
Operating margin (incl. other income)52.72%
EBITDA margin53.69%
Pre-tax margin20.35%
Net profit margin15.31%
Net margin, latest quarter14.66%
ROE10.75%
ROCE9.88%
ROA2.40%
ROE, 3-year average12.94%
ROCE, 3-year average10.57%
ROA, 3-year average2.66%
ROE, 5-year average10.87%
ROCE, 5-year average10.04%
ROA, 5-year average2.36%
ROIC (approx.)9.40%
Tax rate21.95%
Other income / net worth0.33%
Growth
Sales growth (latest year)23.97%
Profit growth (latest year)-1.23%
Sales CAGR, 3 years37.05%
Sales CAGR, 5 years29.87%
Profit CAGR, 3 years20.86%
Profit CAGR, 5 years26.82%
Sales growth QoQ5.14%
Profit growth QoQ-13.71%
Sales growth YoY (latest quarter)28.80%
Profit growth YoY (latest quarter)41.06%
Per share
EPS (TTM)Rs 27.22
EPS (latest year)Rs 18.87
EPS (latest quarter)Rs 7.08
EPS, 3-year averageRs 26.40
EPS, 5-year averageRs 21.26
Book value per shareRs 212.81
Sales per shareRs 177.84
Cash flow per shareRs -64.86
Free cash flow per shareRs -96.42
Efficiency
Asset turnover0.17x
Fixed asset turnover30.77x
Debtor days3 days
Debtors turnover113.30x
Leverage
Total debtRs 9,860 Cr
Cash and bankRs 647 Cr
Net debtRs 9,213 Cr
Debt to equity2.87x
Net debt / EBITDA5.98x
Interest coverage1.62x
Owners' fund to total sources25.18%
Debt to assets72.30%
Cash flow
Cash from Operating Activity (latest year)Rs -1,047 Cr
Cash from Investing Activity (latest year)Rs -388 Cr
Cash from Financing Activity (latest year)Rs 1,586 Cr
Net Cash Flow (latest year)Rs 151 Cr
Free cash flow (latest year)Rs -1,556 Cr
FCFE (approx.: FCF + change in debt)Rs -826 Cr
Cash from ops / profit, 5 years-5.08x
Statement figures
Net sales (TTM)Rs 2,870 Cr
Net sales (latest year)Rs 2,344 Cr
Sales (latest quarter)Rs 780 Cr
Operating profit excl. other income (latest year)Rs 1,224 Cr
Operating profit (latest quarter)Rs 413 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 1,541 Cr
PBDT (TTM)Rs 603 Cr
Profit before tax (TTM)Rs 584 Cr
Tax (latest year)Rs 85 Cr
Net profit (TTM)Rs 439 Cr
Net profit (latest year)Rs 305 Cr
Net profit (latest quarter)Rs 114 Cr
Depreciation (TTM)Rs 19 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 938 Cr
Cost of goods sold (latest year)Rs 303 Cr
Total expenditure (latest year)Rs 1,120 Cr
Total income (latest year)Rs 2,356 Cr
Share capitalRs 161 Cr
ReservesRs 3,273 Cr
Shareholders' fundsRs 3,434 Cr
Total assetsRs 13,638 Cr
Net blockRs 76 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 2,052 Cr
ReceivablesRs 21 Cr
Other liabilitiesRs 344 Cr
Shares outstanding (crore)16.14
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 10.6 is at the 15th percentile of its own 2.2-year range
(median 12.4, low 7.6, high 21.1).
P/B 1.36 is at the 8th percentile (median 1.80).
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 | NORTHARC | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.7% | -2.8% | -1.9 pts |
| 1 month | -3.6% | -6.8% | +3.2 pts |
| 3 months | -6.0% | -7.6% | +1.6 pts |
| 6 months | +39.6% | +0.4% | +39.2 pts |
| 1 year | +6.3% | -9.9% | +16.2 pts |
1 mutual fund schemes hold about ₹7 Cr.
Over three months 0 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| JM Small Cap Fund | 0.70% | 7 | -32% |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -531% of net profit over the last 3 years |
| explain | Share dilution Share count up 81% in a year, 82% in three |
| explain | Low interest cover Interest cover 1.5x 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 2026Revenue ₹780 Cr +28.9% vs Jun 2025.
Net profit ₹114 Cr +46.2%.
Against our estimate for Jun 2026: sales +3.9%, profit +5.9% in line. Our estimate for Sep 2026: sales Rs 790 Cr, profit Rs 115 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Bajaj Finance Ltd | 606,283 | 29.6 | 10.9 % |
| Shriram Finance Ltd | 228,598 | 20.2 | 11.5 % |
| Tata Capital Ltd | 140,654 | 25.9 | 8.58 % |
| Cholamandalam Investment & Finance Company Ltd | 139,031 | 24.2 | 9.71 % |
| Muthoot Finance Ltd | 109,874 | 9.66 | 15.8 % |
| L&T Finance Ltd | 67,935 | 21.2 | 8.40 % |
| SBI Cards & Payment Services Ltd | 55,290 | 24.3 | 10.1 % |
| HDB Financial Services Ltd | 52,415 | 19.0 | 9.09 % |
| Sundaram Finance Ltd | 48,161 | 21.2 | 9.44 % |
| Authum Investment & Infrastructure Ltd | 46,011 | 22.0 | 13.6 % |
| Mahindra & Mahindra Financial Services Ltd | 45,035 | 13.5 | 8.72 % |
| Poonawalla Fincorp Ltd | 39,011 | 49.6 | 7.51 % |
| Manappuram Finance Ltd | 29,725 | 20.5 | 8.25 % |
| IIFL Finance Ltd | 25,929 | 12.3 | 10.9 % |
| Capri Global Capital Ltd | 23,756 | 21.1 | 11.7 % |
No bulk or block deals on record.
No corporate actions on record.
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | ESOP | Allotment of 3000 Shares. |
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 Northern Arc Capital Ltd?
Northern Arc Capital Ltd (NORTHARC) has a market capitalisation of Rs 4,704 Cr. at the 2026-10-01 close.
What is the P/E ratio of Northern Arc Capital Ltd?
Northern Arc Capital Ltd trades at a P/E of 10.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Northern Arc Capital Ltd's latest quarterly results?
In the Jun 2026 quarter, Northern Arc Capital Ltd revenue was Rs 780 Cr (+28.9% vs Jun 2025) and net profit was Rs 114 Cr.
What is the 52-week high and low of Northern Arc Capital Ltd?
The 52-week high is Rs 334.00 and the 52-week low is Rs 206.00.