Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹642 Cr.
Stock P/E
146.4
P/B
9
Current Price
₹530
Book Value
₹ 59
Face Value
10
52W High
₹277.5
52W Low
₹ 192.5
Dividend Yield
0.19%

Arihant Academy Overview

Business

Arihant Academy Ltd. is an Indian educational institution primarily engaged in providing coaching services for various competitive examinations and academic courses. Its core business model involves offering coaching for engineering and medical entrance exams (JEE & NEET), MHT-CET, and foundation courses for students from 8th to 10th standard, as well as 11th and 12th standard academic curricula. The company generates revenue through enrollment fees paid by students for these coaching programs.

Revenue Mix

Arihant Academy's primary revenue streams come from its various coaching programs. While precise segment-wise revenue contribution is not readily available in public summaries, the bulk of its revenue is derived from:

Competitive Exam Coaching: JEE (Main & Advanced), NEET, MHT-CET.

Foundation Courses: For students in classes 8th, 9th, and 10th.

Academic Coaching: For students in classes 11th and 12th (boards).

Industry

The Indian education sector, particularly the test preparation market, is highly fragmented and competitive, characterized by a mix of organized national players, regional chains, and numerous local unorganized coaching centers. Arihant Academy operates as a regional player, primarily focused in the Mumbai Metropolitan Region (MMR) and surrounding areas of Maharashtra. It positions itself as an academy focused on quality education with a track record in its operating geographies, competing against both larger national brands and smaller local establishments.

MOAT

Arihant Academy's competitive advantages are relatively modest and include:

Regional Brand Recognition: A degree of brand recognition and trust within its specific operating geographies (Mumbai and Thane districts) built over years.

Localized Expertise: Deep understanding of the local student demographics, academic patterns, and competitive landscape in its core markets.

Faculty Cadre: A stable pool of experienced faculty, which is crucial for delivering quality education and attracting students.

However, these advantages are not exceptionally strong barriers to entry, making it susceptible to competition.

Growth Drivers

Expansion within Maharashtra: Deepening penetration in existing and contiguous geographies within Maharashtra by opening new centers.

Increasing Demand for Test Prep: Continued robust demand for competitive exam preparation driven by aspirations for higher education (engineering, medical) and intense competition for limited seats.

Hybrid Learning Models: Adoption of blended learning (online + offline) to reach a wider student base beyond physical center limitations and improve operational efficiency.

Curriculum Diversification: Potential expansion into new test preparation categories or academic subjects.

Risks

Intense Competition: Highly fragmented market with established national players, regional competitors, and emerging Ed-tech platforms leading to pricing pressure and student acquisition challenges.

Faculty Attrition: Reliance on key faculty; loss of experienced educators could impact teaching quality and student enrollment.

Regulatory Changes: Potential changes in educational policies, examination patterns, or regulations governing coaching institutes.

Reputational Risk: Any decline in student results or service quality could severely impact its brand and enrollment.

Geographic Concentration: High dependence on the performance of its centers in the MMR region makes it vulnerable to local market dynamics.

Management & Ownership

The company is promoter-led, with the founding family holding a significant stake and actively involved in the management and operations. The promoters, Mr. Anil Kumar Singh and Mrs. Renu Singh, are instrumental in the company's strategic direction and day-to-day management. Ownership is largely concentrated with the promoter group, ensuring alignment of interests but also carrying key-personnel risk.

Outlook

Arihant Academy operates in a fundamentally strong segment of the Indian education market driven by high aspirations for professional careers. The company's established presence in specific regional markets provides a foundation for growth, particularly through targeted expansion within Maharashtra and leveraging its brand recall. However, its outlook is tempered by intense competition from well-capitalized national players and technology-driven disruptors, as well as the inherent challenges of scaling a service-oriented business while maintaining educational quality. Sustained growth will depend on its ability to effectively expand its reach, attract and retain quality faculty, adapt to evolving educational trends (including digital integration), and consistently deliver strong student outcomes amidst a highly competitive landscape.

Arihant Academy Share Price

Live · NSE · Inception: 2007
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Arihant Academy Quarterly Results

#(Fig in Cr.) Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 10 9 17 15 14 16 22
Other Income 0 1 1 1 1 0 0
Total Income 10 10 18 16 15 16 22
Total Expenditure 8 8 15 13 11 10 18
Operating Profit 2 2 3 4 3 6 4
Interest 0 0 0 0 0 0 0
Depreciation 0 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 2 1 2 3 2 5 3
Provision for Tax 1 0 1 1 1 2 1
Profit After Tax 1 1 2 2 2 3 2
Adjustments 0 0 0 0 -0 -0 -0
Profit After Adjustments 1 1 2 2 2 3 2
Adjusted Earnings Per Share 1 0.8 1.6 1.7 1.5 2.7 1.7

Arihant Academy Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2025 TTM
Net Sales 19 14 15 41 67
Other Income 0 0 0 2 2
Total Income 19 14 15 43 69
Total Expenditure 18 12 12 35 52
Operating Profit 1 2 3 8 17
Interest 0 0 0 0 0
Depreciation 1 1 1 2 4
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 1 2 3 6 13
Provision for Tax 0 0 1 1 5
Profit After Tax 0 1 2 4 9
Adjustments 0 0 0 0 0
Profit After Adjustments 0 1 2 4 9
Adjusted Earnings Per Share 0.5 1.3 2.3 3.7 7.6

Arihant Academy Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2025
Shareholder's Funds 2 3 5 25
Minority's Interest 0 0 0 0
Borrowings 0 0 0 0
Other Non-Current Liabilities -0 -0 -0 -0
Total Current Liabilities 6 5 6 18
Total Liabilities 8 8 11 43
Fixed Assets 3 3 3 10
Other Non-Current Assets 1 2 2 15
Total Current Assets 3 3 6 18
Total Assets 8 8 11 43

Arihant Academy Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2025
Opening Cash & Cash Equivalents 2 0 1 20
Cash Flow from Operating Activities -0 2 2 6
Cash Flow from Investing Activities -1 -1 0 -17
Cash Flow from Financing Activities -1 -0 1 -1
Net Cash Inflow / Outflow -2 0 3 -12
Closing Cash & Cash Equivalent 0 1 3 8

Arihant Academy Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2025
Earnings Per Share (Rs) 0.48 1.27 2.28 3.67
CEPS(Rs) 1.2 1.93 2.88 5.17
DPS(Rs) 0 0 0 0.5
Book NAV/Share(Rs) 2.02 3.29 5.57 20.68
Core EBITDA Margin(%) 7.08 15.19 20.74 13.81
EBIT Margin(%) 3.79 11.21 17.99 14.03
Pre Tax Margin(%) 3.39 10.76 17.74 13.93
PAT Margin (%) 2.19 7.99 13.27 10.81
Cash Profit Margin (%) 5.52 12.1 16.77 15.43
ROA(%) 5.31 14.08 21.41 16.42
ROE(%) 23.62 48.01 51.54 29.26
ROCE(%) 27.18 51.99 57.01 36.42
Receivable days 30.9 30.45 0 6.93
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 0 0 0 43.9
Price/Book(x) 0 0 0 7.79
Dividend Yield(%) 0 0 0 0.31
EV/Net Sales(x) 0.03 -0 -0.12 4.61
EV/Core EBITDA(x) 0.39 -0.02 -0.55 24.71
Net Sales Growth(%) 0 -26.69 8 166.71
EBIT Growth(%) 0 117.06 73.31 107.95
PAT Growth(%) 0 167.43 79.34 117.22
EPS Growth(%) 0 167.43 79.34 60.74
Debt/Equity(x) 0.5 0.17 0.26 0
Current Ratio(x) 0.57 0.56 1 1
Quick Ratio(x) 0.57 0.56 1 1
Interest Cover(x) 9.45 24.78 71.25 139.79
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +173% +29% — —
Operating Profit CAGR +167% +100% — —
PAT CAGR +100% — — —
Share Price CAGR +149% +102% — —
ROE Average +29% +43% +38% +38%
ROCE Average +36% +48% +43% +43%

Arihant Academy Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 64.74 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 35.26 %
# Mar 2023 Sep 2023 Mar 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 737367.5466.6464.7464.74
FII 000000
DII 000000
Public 272732.4633.3635.2635.26
Others 000000
Total 100100100100100100

Arihant Academy Peer Comparison

Educational Institutions Edit Columns

Arihant Academy Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Arihant Academy Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 43%
  • Company is almost debt free.

Cons

  • Stock is trading at 9 times its book value.
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