Arihant Capital Markets
Arihant Capital Markets
Capital MarketsKey Fundamentals
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Key Insights
Weaknesses
3- Dividend payout has been low at 11.2% of profits over last 3 years
- Company has high debtors of 174 days.
- Promoter holding has decreased over last 3 years: -6.44%
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | 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 | 43 | 56 | 73 | 64 | 73 | 76 | 52 | 46 | 51 | 57 | 49 | 49 | 78 |
| Expenses | 25 | 35 | 43 | 27 | 43 | 46 | 35 | 31 | 30 | 33 | 35 | 41 | 43 |
| Operating Profit | 17 | 21 | 29 | 37 | 30 | 31 | 17 | 15 | 20 | 24 | 14 | 8 | 35 |
| OPM % | 41% | 38% | 41% | 58% | 41% | 40% | 32% | 32% | 40% | 42% | 28% | 16% | 45% |
| Other Income | 1 | 0 | 1 | 0 | 1 | 1 | 5 | 0 | 1 | 0 | 0 | 0 | 1 |
| Interest | 2 | 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 | 1 |
| PBT | 15 | 19 | 26 | 33 | 25 | 25 | 16 | 11 | 16 | 17 | 7 | 2 | 28 |
| Tax % | 24% | 23% | 24% | 24% | 25% | 21% | 25% | 27% | 22% | 23% | 27% | 67% | 24% |
| Net Profit | 12 | 15 | 20 | 25 | 19 | 20 | 12 | 8 | 13 | 13 | 5 | 0 | 21 |
| EPS in Rs | 1.11 | 1.41 | 1.88 | 2.37 | 1.81 | 1.92 | 1.18 | 0.74 | 1.22 | 1.25 | 0.47 | 0.05 | 1.96 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 62 | 56 | 87 | 102 | 93 | 91 | 116 | 170 | 138 | 235 | 247 | 206 | 233 |
| Expenses | 41 | 39 | 48 | 58 | 58 | 58 | 67 | 97 | 86 | 128 | 152 | 139 | 152 |
| Operating Profit | 20 | 17 | 39 | 44 | 35 | 33 | 49 | 73 | 51 | 107 | 95 | 66 | 81 |
| OPM % | 33% | 30% | 45% | 43% | 38% | 36% | 42% | 43% | 37% | 45% | 38% | 32% | 35% |
| Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 3 | 7 | 1 | 1 |
| Interest | 3 | 3 | 13 | 14 | 11 | 9 | 4 | 7 | 11 | 14 | 22 | 22 | 25 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 4 |
| PBT | 16 | 13 | 25 | 30 | 24 | 23 | 44 | 65 | 39 | 93 | 77 | 42 | 54 |
| Tax % | 31% | 33% | 33% | 31% | 31% | 24% | 21% | 23% | 26% | 24% | 24% | 25% | — |
| Net Profit | 11 | 9 | 17 | 21 | 17 | 17 | 35 | 50 | 29 | 71 | 59 | 31 | 40 |
| EPS in Rs | 1.06 | 0.82 | 1.6 | 1.99 | 1.61 | 1.68 | 3.33 | 4.84 | 2.8 | 6.77 | 5.64 | 2.87 | 3.73 |
| Div. Payout % | 14% | 18% | 9% | 8% | 9% | 12% | 6% | 6% | 14% | 7% | 9% | 17% | — |
Balance Sheet
| Particulars | 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 | 418 |
| Total Liabilities | 139 | 140 | 200 | 309 | 343 | 335 | 461 | 579 | 522 | 780 | 787 | 1,098 |
| 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 | 1,028 |
| Total Assets | 139 | 140 | 200 | 309 | 343 | 335 | 461 | 579 | 522 | 780 | 787 | 1,098 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1 | -13 | 14 | -46 | -4 | 118 | -32 | -18 | 15 | -30 | 30 | -122 |
| Investing | 6 | 5 | -16 | 16 | -4 | -2 | -7 | 13 | 0 | 6 | -12 | -22 |
| Financing | -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 | 13 | -126 |
| CFO/OP | 28 | -50 | 57 | -84 | 8 | 382 | -46 | -9 | 52 | -8 | 52 | -166 |
Ratios
| Particulars | 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 | -355 |
| ROCE % | 27% | 20% | 40% | 27% | 15% | 15% | 22% | 27% | 16% | 29% | 21% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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56 extracted metrics + investor summaries across FY10–FY26.
Documents
Frequently Asked Questions about Arihant Capital Markets
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Company Information
Incorporated in 1992, Arihant Capital Markets Ltd provides Stock & Commodities Broking, PMS, Financial Services, Real Estate, Insurance Broking and other related activities[1]
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