Arihant Capital Markets Ltd

NSE: ARIHANTCAP BSE: 511605Finance

Incorporated in 1992, Arihant Capital Markets Ltd provides Stock & Commodities Broking, PMS, Financial Services, Real Estate, Insurance Broking and other related activities[1]

₹67.7

52W: ₹57 — ₹120

PE 20 · Book ₹34.6 · +96% vs book

Market Cap₹742 Cr

Stock P/E20Price to Earnings

ROCE21.6%Return on Capital

ROE15.6%Return on Equity

Div. Yield0.74%Face Value ₹1

Strengths

+Debtor days have improved from 259 to 146 days.

Weaknesses

−Promoter holding has decreased over last 3 years: -6.45%

Shareholding Pattern

Promoters67.68%

FIIs0.05%

DIIs0.02%

Public32.24%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	69.81%	69.81%	69.81%	69.81%	69.81%	69.81%	67.67%▼2.1	67.68%▲0.0
FIIs	0.17%	0.68%▲0.5	0.51%▼0.2	0.09%▼0.4	0.03%▼0.1	0.22%▲0.2	0.04%▼0.2	0.05%▲0.0
DIIs	0%	0%	0%	0%	0%	0%	0.01%▲0.0	0.02%▲0.0
Public	30.01%	29.49%▼0.5	29.68%▲0.2	30.1%▲0.4	30.16%▲0.1	29.97%▼0.2	32.27%▲2.3	32.24%▼0.0

Financial Statements

Metric	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	53.97	71.07	62.41	71.34	73.72	50.9	45.39	50.04	55.47	47.97
Expenses	34.03	42.39	26.62	42.54	44.68	34.87	30.62	30.04	32.58	34.96
Operating Profit	19.94	28.68	35.79	28.8	29.04	16.03	14.77	20	22.89	13.01
OPM %	36.95%	40.35%	57.35%	40.37%	39.39%	31.49%	32.54%	39.97%	41.27%	27.12%
Net Profit	13.67	18.01	23.62	17.08	17.66	10.65	7.6	12.18	12.67	4.74
EPS ₹	1.31	1.73	2.27	1.64	1.7	1.02	0.73	1.17	1.21	0.43

AI Insights

Revenue Trend

TTM revenue at ₹199Cr, down 17.4% YoY. OPM at 36%.

Debt Position

Borrowings at ₹189Cr. Debt-to-equity ratio: 0.51x. Moderate leverage.

Institutional Flow

DIIs: 0.02% (+0.02pp change). FIIs: 0.05% (-0.16pp change). Promoters hold 67.68%.

Margin & Efficiency

ROCE improving from 15% (Mar 2014) to 22% (Mar 2025). Working capital days: -209.

Valuation

PE 20x with 21.6% ROCE. Price is 96% above book value of ₹34.6. Dividend yield: 0.74%.