Arihant Capital Mkt.

₹58.7 0.2 | 0.3%

WEBSITE BSE:511605 NSE : ARIHANTCAP 10 May, 16:01

Market Cap ₹611 Cr.

Stock P/E 12.8

P/B 2.1

Current Price ₹58.7

Book Value ₹ 28.6

Face Value 1

52W High ₹84.3

Dividend Yield 0.68%

52W Low ₹ 34.1

Edit Ratio

Arihant Capital Mkt. Research see more...

Overview Inc. Year: 1992Industry: Finance - Stock Broking

Arihant Capital Markets Ltd, together with its subsidiaries, provides various financial products and services generally in India. Its merchandise consist of equities and derivatives broking, commodities and foreign currency broking, mutual funds and IPO, bonds and NCDs, countrywide pension schemes, housing products, insurance broking, real estate, service provider banking, loans in opposition to shares, priority consumer institution merchandise, and portfolio control services. The business enterprise turned into incorporated in 1992 and is centered in Indore, India.

Arihant Capital Mkt. Share Price

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Price

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Peer Comparison

Arihant Capital Mkt. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	40	48	44	35	40	34	29	43	56	73
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	40	48	44	35	40	34	29	43	56	73
Total Expenditure	23	30	24	22	22	21	23	25	35	43
Operating Profit	17	18	20	13	18	13	6	18	21	30
Interest Expense	1	2	2	2	2	3	3	2	2	4
Depreciation	0	0	0	0	0	1	1	1	1	1
Profit Before Tax	16	16	18	11	16	9	3	15	19	25
Provision for Tax	3	3	5	3	4	3	1	4	4	6
Profit After Tax	12	13	13	8	12	7	2	11	14	19
Adjustments	0	0	-0	-0	0	0	-0	0	0	1
Profit After Adjustments	12	13	13	7	13	7	2	12	15	20
Adjusted Earnings Per Share	1.2	1.3	1.2	0.7	1.2	0.7	0.2	1.1	1.4	1.9

Arihant Capital Mkt. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	294	242	507	429	586	539	94	91	116	170	138	201
Other Income	7	6	5	4	4	5	1	0	1	0	0	0
Total Income	301	248	512	433	590	545	95	91	116	170	138	201
Total Expenditure	290	236	491	416	560	506	59	58	67	97	86	126
Operating Profit	11	12	21	17	30	39	36	33	49	73	51	75
Interest Expense	2	1	3	3	4	8	11	9	4	7	11	11
Depreciation	1	1	1	1	1	1	1	1	1	1	2	4
Profit Before Tax	8	5	16	13	25	30	24	23	44	65	39	62
Provision for Tax	2	1	5	4	8	9	7	5	9	15	10	15
Profit After Tax	6	4	11	9	17	21	17	17	35	50	29	46
Adjustments	-0	0	0	-0	0	0	0	0	0	0	0	1
Profit After Adjustments	6	4	11	9	17	21	17	17	35	50	29	49
Adjusted Earnings Per Share	0.5	0.4	1.1	0.8	1.6	2	1.6	1.7	3.3	4.8	2.8	4.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-19%	15%	-24%	-7%
Operating Profit CAGR	-30%	16%	6%	17%
PAT CAGR	-42%	19%	7%	17%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	51%	53%	39%	37%
ROE Average	12%	19%	17%	15%
ROCE Average	16%	22%	19%	20%

Arihant Capital Mkt. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	66	68	77	83	100	119	135	150	182	229	257
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Current Liability	49	52	62	57	99	189	208	186	279	348	264
Other Liabilities & Provisions	1	1	0	0	1	1	0	-0	-1	1	1
Total Liabilities	116	121	139	140	200	309	343	335	460	579	522
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	8	9	16	26	19
Fixed Assets	17	22	11	18	19	21	19	19	18	10	14
Other Loans	3	3	2	2	2	2	0	0	0	0	0
Other Non Current Assets	0	0	0	0	0	0	0	0	0	0	0
Current Assets	96	97	125	120	178	286	316	307	424	541	489
Total Assets	116	121	139	140	200	309	343	335	460	579	522

Arihant Capital Mkt. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	48	44	52	58	46	52	19	15	53	25	38
Cash Flow from Operating Activities	2	14	1	-13	14	-46	-4	118	-32	-18	15
Cash Flow from Investing Activities	2	-5	6	5	-16	16	-4	-2	-7	13	-0
Cash Flow from Financing Activities	-8	-2	-2	-4	8	85	3	-77	10	18	-32
Net Cash Inflow / Outflow	-4	8	6	-12	6	54	-5	38	-28	13	-17
Closing Cash & Cash Equivalent	44	52	58	46	52	106	15	53	25	38	20

Arihant Capital Mkt. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.53	0.35	1.06	0.82	1.6	1.99	1.61	1.68	3.33	4.84	2.8
CEPS(Rs)	0.66	0.46	1.18	0.92	1.68	2.08	1.72	1.8	3.45	4.95	2.98
DPS(Rs)	0.15	0.15	0.15	0.15	0.15	0.15	0.15	0.2	0.2	0.3	0.4
Book NAV/Share(Rs)	6.38	6.56	7.37	8.01	9.62	11.42	12.92	14.37	17.49	21.98	24.64
Net Profit Margin	1.88	1.49	2.19	2	2.85	3.83	17.81	19.21	29.98	29.67	21.17
Operating Margin	3.38	2.45	3.75	3.73	4.97	7.04	36.99	34.63	41.46	42.75	36.51
PBT Margin	2.66	2.01	3.15	3	4.27	5.53	25.64	25.17	37.82	38.45	28.64
ROA(%)	4.44	3.04	8.52	6.13	9.81	8.12	5.14	5.16	8.72	9.7	5.29
ROE(%)	8.56	5.35	15.28	10.69	18.18	18.88	13.22	12.31	20.91	24.51	12
ROCE(%)	14.58	8.81	26.25	19.98	30.36	23.55	15.2	14.51	22.34	26.4	16
Price/Earnings(x)	6.21	8.22	3.29	6.87	7.13	10.33	7.44	3.45	4.23	16.41	13.79
Price/Book(x)	0.52	0.44	0.47	0.71	1.19	1.8	0.93	0.4	0.81	3.61	1.57
Dividend Yield(%)	4.56	5.15	4.29	2.65	1.31	0.73	1.25	3.45	1.42	0.38	1.04
EV/Net Sales(x)	-0.03	-0.09	-0.04	0.03	0.13	0.38	1.29	-0.62	-0.1	3.92	1.85
EV/Core EBITDA(x)	-0.88	-1.81	-1.03	0.76	2.51	5.19	3.37	-1.73	-0.24	9.07	4.95
Interest Earned Growth(%)	-21.8	-17.62	109.19	-15.42	36.63	-7.98	-82.56	-3.2	27.02	46.77	-18.97
Net Profit Growth	32.28	-34.81	207.6	-22.77	94.95	23.87	-18.94	4.38	98.28	45.24	-42.18
EPS Growth(%)	32.07	-33.07	200.32	-22.79	94.98	23.87	-18.94	4.38	98.28	45.24	-42.18
Interest Coverage(x) %	4.72	5.59	6.23	5.12	7.12	4.64	3.26	3.66	11.4	9.94	4.64

Arihant Capital Mkt. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.57	74.57	74.57	74.12	74.12	74.12	74.12	71.64	70.18	69.81
FII	0.32	0.33	0.38	0.53	0.38	0.38	0.21	0.06	0.06	0.18
DII	0	0	0	0	0	0	0	0	0	0
Public	25.1	25.09	25.05	25.35	25.5	25.49	25.66	28.29	29.77	30.01
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.55	1.55	7.76	7.72	7.72	7.72	7.72	7.46	7.31	7.27
FII	0.01	0.01	0.04	0.06	0.04	0.04	0.02	0.01	0.01	0.02
DII	0	0	0	0	0	0	0	0	0	0
Public	0.52	0.52	2.61	2.64	2.65	2.65	2.67	2.95	3.1	3.12
Others	0	0	0	0	0	0	0	0	0	0
Total	2.08	2.08	10.41	10.41	10.41	10.41	10.41	10.41	10.41	10.41

Pros

Company is almost debt free.

Cons

The company has delivered a poor profit growth of 6% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.