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Swing Capital

Arihant Superstructures Ltd

NSE: ARIHANTSUP BSE: 506194Infra

Arihant Superstructures Ltd (ARIHANTSUP) is a Infra company listed on NSE: ARIHANTSUP | BSE: 506194. With a market cap of ₹1,200 Cr and ROCE of 4.34%, ROE of 0.61%, it operates in the Indian Infra sector.

₹278
52W: ₹188 — ₹468
PE 822 · Book ₹58.8 · +373% vs book
Market Cap₹1,200 Cr
Stock P/E822Price to Earnings
ROCE4.34%Return on Capital
ROE0.61%Return on Equity
Div. Yield0.57%Face Value ₹10

Strengths

  • +Company is expected to give good quarter
  • +Company has been maintaining a healthy dividend payout of 42.4%

Weaknesses

  • −Stock is trading at 4.90 times its book value
  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of -2.93% over past five years.
  • −Tax rate seems low
  • −Company has a low return on equity of 6.72% over last 3 years.
  • −Company might be capitalizing the interest cost
  • −Company has high debtors of 154 days.
  • −Promoter holding has decreased over last 3 years: -3.61%
  • −Working capital days have increased from 1,573 days to 2,225 days

Shareholding Pattern

Promoters71.1%
FIIs0.17%
DIIs0%
Public28.73%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.71%74.71%74.71%74.71%71.1%▼3.671.1%71.1%71.1%
FIIs0.03%0.02%▼0.00.31%▲0.30.18%▼0.10.17%▼0.00.18%▲0.00.22%▲0.00.17%▼0.0
DIIs0%0%0%0%0.01%▲0.00%▼0.00.03%▲0.00%▼0.0
Public25.25%25.27%▲0.024.97%▼0.325.1%▲0.128.71%▲3.628.7%▼0.028.65%▼0.128.73%▲0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales25.2717.7919.8524.1661.914.857.4613.1726.7243.13
Expenses20.4318.320.4319.543.5715.181.296.8818.6237.22
Operating Profit4.84-0.51-0.584.6618.33-0.336.176.298.15.91
OPM %19.15%-2.87%-2.92%19.29%29.61%-2.22%82.71%47.76%30.31%13.7%
Net Profit5.90.030.044.3514.150.940.060.340.130.92
EPS ₹1.430.010.011.063.440.230.010.080.030.21

AI Insights

Revenue Trend

Mar 2026 revenue at ₹90.82Cr, down 24.8% YoY. OPM at 29.49%.

Debt Position

Borrowings at ₹450.82Cr. Debt-to-equity ratio: 2.14x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹20.09Cr (44% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0% (-0.51pp change). FIIs: 0.17% (-0.48pp change). Promoters hold 71.1%.

Margin & Efficiency

ROCE declining from 17.03% (Mar 2015) to 4.34% (Mar 2026). Working capital days: 2225.21.

Valuation

PE 822x with 4.34% ROCE. Price is 373% above book value of ₹58.8. Dividend yield: 0.57%.

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