Arihant Capital Markets Ltd.

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arihantcapital.comBSE: 511605NSE: ARIHANTCAP

Market Cap₹ 863 Cr.

Current Price

High / Low₹ 120 / 57

Stock P/E21.4

Book Value₹ 42

Price to Book1.89

Dividend Yield0.63 %

ROCE22.0 %

ROE16.8 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 27.4% CAGR over last 5 years
Solid return on assets for a lender - ROA of 7.1%
Company has a healthy return on capital (ROCE) of 22.3%
Asset quality is healthy - gross NPA of just 0.0%
Latest quarter profit grew 69.2% YoY, showing strong momentum
Company has consistently been profitable over the last 5 years

CONS

Capital adequacy is tight at 0.0% - limited headroom to grow
Promoter holding has decreased over last 2 years: -2.1pp
Recurring exceptional / one-off items are inflating headline profit
Thin net interest margin of 0.0%
Operating margins have contracted to 38.4% from 43.2%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Stock Broking

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MCX	3275.00	54.16	83509.83	0.24	4134.40	1934.75	7020.00	1780.98	48.10	70.40
2.	MOTILALOFS	1027.05	31.24	61861.61	0.58	1273.71	9.53	3425.76	25.49	12.68	57.49
3.	360ONE	1092.20	35.27	44514.20	1.10	330.53	16.11	1226.09	26.85	12.28	63.01
4.	NUVAMA	1735.60	29.56	32012.99	1.60	305.64	15.83	1376.22	22.59	17.52	52.80
5.	ANGELONE	305.00	27.01	27878.11	1.33	231.40	102.15	1429.69	25.35	14.87	33.92
6.	CHOICEIN	758.85	71.12	16905.39	0.00	60.61	26.37	309.79	32.46	19.43	33.83
7.	IIFLCAPS	338.65	18.72	10673.53	0.89	184.16	4.92	631.48	3.13	23.27	35.76
8.	SHAREINDIA	199.05	11.98	4355.72	0.80	124.41	47.45	448.09	31.25	21.00	44.76
9.	ARSSBL	489.00	23.76	3083.95	1.02	23.35	2.35	246.10	22.37	19.72	39.54
10.	MONARCH	373.25	16.34	2960.18	0.27	45.18	-0.15	90.89	-7.25	33.26	66.00
11.	GEOJITFSL	78.34	30.15	2186.64	1.91	19.83	-30.83	160.40	7.46	9.35	20.55
12.	ARIHANTCAP	78.75	21.45	863.20	0.63	21.49	69.18	77.91	53.46	21.99	46.62

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43	56	73	64	73	76	52	46	51	57	49	49	78
	25	35	43	27	43	46	35	30	30	33	35	41	51
Operating Profit	17	21	30	37	30	31	23	16	20	24	14	7	36
OPM %	40.64%	38.20%	40.61%	57.81%	41.08%	40.15%	44.87%	34.18%	39.98%	42.17%	28.40%	15.05%	46.62%
Other Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	2	2	4	4	5	6	5	4	4	6	6	5	7
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
	15	19	25	32	24	24	15	12	16	17	7	2	28
Tax %	24.90%	23.72%	24.68%	24.59%	26.19%	22.67%	27.67%	24.50%	22.86%	22.66%	26.95%	58.29%	23.68%
Net Profit	0	0	0	0	19	20	12	8	13	13	5	0	21
	1	1	2	2	2	2	1	1	1	1	0	0	0

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	429	586	539	94	91	116	170	138	235	247	233
	416	560	506	59	58	67	97	86	128	152	160
Operating Profit	13	26	34	35	33	48	73	51	107	95	73
OPM %	2.95%	4.44%	6.24%	37.16%	35.84%	41.71%	43.08%	37.25%	45.40%	38.43%	31.40%
	4	4	5	1	0	1	-0	1	0	4	0
Interest	3	4	8	11	9	4	7	11	14	22	25
Depreciation	1	1	1	1	1	1	1	2	2	3	4
Profit before Tax	13	25	30	24	23	44	65	39	93	77	54
Tax %	33.52%	33.40%	30.64%	30.54%	23.71%	20.74%	22.83%	26.07%	23.93%	24.05%	24.89%
Net Profit	9	17	21	17	17	35	50	29	71	59	41
EPS	0.00	0.00	0.00	0.00	0.00	16.65	24.19	2.80	6.77	5.64	—
Dividend Payout %	18.25%	9.36%	7.56%	9.32%	11.91%	6.01%	6.20%	14.30%	7.38%	8.87%	—

COMPOUNDED SALES GROWTH

10 Years:: -7%
5 Years:: 22%
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 27%
3 Years:: 5%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 23%
3 Years:: 7%
1 Year:: -31%

RETURN ON EQUITY

10 Years:: 17%
5 Years:: 20%
3 Years:: 18%
Last Year:: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	10	10	10	10	10	10	10	10	10	10
	73	90	108	124	139	172	218	246	312	365
	0	8	95	109	41	56	82	60	99	96
Trade Payables	41	67	67	61	112	157	236	183	304	269
	16	24	28	38	32	65	31	23	55	46
Total Liabilities	140	200	309	343	335	460	579	522	780	787
	18	19	21	19	19	18	10	14	15	29
	0	15	3	8	9	16	26	19	15	24
	36	33	47	41	38	36	27	7	31	49
	0	0	0	0	0	0	0	0	96	97
Cash & Bank	46	52	106	112	159	215	243	206	405	405
	41	80	132	162	110	175	273	275	218	184
Total Assets	140	200	309	343	335	460	579	522	780	787

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-9	22	-37	3	125	-23	-6	27	-30	32
Cash from Investing	5	-16	16	-4	-2	-7	13	-0	6	-13
Cash from Financing	-4	8	85	3	-77	10	18	-32	27	-22
	-12	6	54	-5	38	-28	13	-17	4	-4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	69.81	69.81	69.81	69.81	69.81	69.81	67.67	67.67	67.67
	0.17	0.68	0.51	0.09	0.03	0.22	0.04	0.05	0.03
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	30.02	29.51	29.68	30.10	30.16	29.97	32.28	32.25	32.26

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Copy of Newspaper Publication

2026-09-07 - Arihant Capital Markets Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Arihant Capital Markets Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Updates

2026-09-02 - Arihant Capital Markets Limited has informed the Exchange regarding 'Information under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 and Section 108 of the Companies Act, 2013 regarding Voting through Electronic mode for the 34th Annual General Meeting scheduled to be held on Saturday, 26th September 2026.'.

2026-09-01

Shareholders meeting

2026-09-01 - Arihant Capital Markets Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2026

2026-09-01

Record Date

2026-09-01 - Arihant Capital Markets Limited has informed the Exchange that Record date for the purpose of Dividend is 19-Sep-2026.

2026-08-20

Outcome of Board Meeting

2026-08-20 - Arihant Capital Markets Limited has informed the Exchange regarding Outcome of Board Meeting held on August 20, 2026.

2026-08-20

Outcome of Board Meeting

2026-08-20 - Arihant Capital Markets Limited has informed the Exchange regarding Outcome of Board Meeting held on August 20, 2026.

2026-08-12

Trading Window

2026-08-12 - Arihant Capital Markets Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-07-27

Copy of Newspaper Publication

2026-07-27 - Arihant Capital Markets Limited has informed the Exchange about Copy of Newspaper Publication

News

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