Northern Arc Capital Ltd
NSE: NORTHARC BSE: 544260Retail
Founded in 2009, Northern Arc Capital Limited offers retail loans to underserved households and businesses in India.[1]
₹274
52W: ₹195 — ₹322
PE 10.3 · Book ₹241 · +14% vs bookMarket Cap₹4,430 Cr
Stock P/E10.3Price to Earnings
ROCE9.94%Return on Capital
ROE11.8%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Stock is trading at 1.16 times its book value
- +Company has delivered good profit growth of 50.2% CAGR over last 5 years
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has low interest coverage ratio.
- −Company has a low return on equity of 12.5% over last 3 years.
Shareholding Pattern
Promoters0%
FIIs7.51%
DIIs7.11%
Public85.37%
| Category | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Promoters | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| FIIs | 4.68% | 4.28%▼0.4 | 5.23%▲1.0 | 9.16%▲3.9 | 7.58%▼1.6 | 7.7%▲0.1 | 7.51%▼0.2 |
| DIIs | 23.36% | 23.13%▼0.2 | 22.52%▼0.6 | 6.89%▼15.6 | 7.44%▲0.6 | 8.29%▲0.8 | 7.11%▼1.2 |
| Public | 71.91% | 72.54%▲0.6 | 72.2%▼0.3 | 83.97%▲11.8 | 84.95%▲1.0 | 84%▼1.0 | 85.37%▲1.4 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 197 | 237 | 244 | 216 | 214 | 343 | 237 | 270 | 359 | 311 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| OPM % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 66 | 82 | 81 | 112 | 102 | 47 | 104 | 95 | 92 | 139 |
| EPS ₹ | 7.42 | 9.17 | 9.11 | 6.95 | 6.34 | 2.9 | 6.42 | 5.87 | 5.7 | 8.58 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.
Debt Position
Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.
Institutional Flow
DIIs: 7.11% (-16.25pp change). FIIs: 7.51% (+2.83pp change). Promoters hold 0%.
Margin & Efficiency
ROCE improving from 0% (Mar 2019) to 0% (Mar 2026). Working capital days: 0.
Valuation
PE 10.3x with 9.94% ROCE. Price is 14% above book value of ₹241. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 14 May - Transcript for the earnings call held on May 08, 2026
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 14 May - CRISIL report for quarter ended March 31, 2026 shows IPO proceeds fully utilized; no deviations noted.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 8 May - Audio recording of Q4 and FY2026 earnings conference call hosted on company website.
- Compliances-Reg. 54 - Asset Cover details 8 May - Security cover certificate filed for listed NCDs as of March 31, 2026; cover up to 114%.
- Statement Of Deviation Or Variation On The Utilization Of Proceeds Raised Through Issuance Of Equity Shares By Way Of Public Issue 8 May - No deviation in IPO proceeds utilisation for quarter ended March 31, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Rating update 29 Dec 2025 from icra