Northern ARC Capital Ltd.
•₹ 288.35-1.45%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Financial Activity: 97.9% • Investment Management Services: 1.4% • Others: 0.7% • Advisory Services: 0.0%
PROS
- Company has delivered good profit growth of 50.2% CAGR over last 5 years
- Comfortable capital adequacy - CAR of 22.6%
- Solid return on assets for a lender - ROA of 2.9%
- Company has delivered good sales growth of 32.6% CAGR over last 5 years
- Attractively priced for its growth - PEG of 0.3
CONS
- Promoter holding has decreased over last 2 years: -58.6pp
- A large part of profit comes from other income (57.9% of PBT)
- Company has a low return on capital employed of 10.4%
- Free cash flow has been persistently negative
- Equity base is being diluted - shares outstanding up 81.5%
- Operating margins have contracted to 43.5% from 69.6%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJFINANCE | 1078.60 | 33.07 | 671531.43 | 0.56 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| 2. | SHRIRAMFIN | 1104.90 | 22.97 | 259981.15 | 0.98 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| 3. | JIOFIN | 242.70 | 77.55 | 160258.25 | 0.25 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| 4. | CHOLAFIN | 1866.25 | 27.72 | 159390.07 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| 5. | TATACAP | 365.15 | 28.68 | 155001.39 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| 6. | BAJAJHLDNG | 11322.85 | 14.23 | 126015.97 | 1.72 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| 7. | MUTHOOTFIN | 2859.20 | 10.09 | 114787.87 | 1.05 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| 8. | ABCAPITAL | 396.75 | 26.46 | 108592.29 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| 9. | LTF | 315.00 | 24.80 | 78940.44 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| 10. | SBICARD | 626.30 | 0.00 | 59601.37 | 0.40 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| 11. | HDBFS | 681.15 | 26.00 | 56579.31 | 0.59 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| 12. | NORTHARC | 284.75 | 10.48 | 4603.02 | 0.00 | 114.10 | 45.82 | 779.77 | 28.80 | 9.74 | 53.05 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 388 | 424 | 473 | 543 | 561 | 573 | 560 | 590 | 591 | 606 | 712 | 731 | 767 | |
| 143 | 151 | 197 | 237 | 244 | 216 | 214 | 343 | 237 | 270 | 359 | 311 | 607 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 2 | 1 | 11 | 4 | 1 | 4 | 3 | 2 | 1 | 3 | 3 | 3 |
| Interest | 164 | 174 | 184 | 204 | 209 | 205 | 211 | 198 | 214 | 206 | 229 | 237 | 258 |
| Depreciation | 3 | 4 | 4 | 4 | 3 | 3 | 5 | 4 | 4 | 4 | 4 | 4 | 3 |
| 79 | 98 | 89 | 109 | 109 | 150 | 134 | 48 | 138 | 127 | 122 | 183 | 163 | |
| Tax % | 25.23% | 25.65% | 25.56% | 25.07% | 25.53% | 25.43% | 23.66% | 2.63% | 25.00% | 25.50% | 24.31% | 24.20% | 25.17% |
| Net Profit | 59 | 73 | 66 | 82 | 81 | 112 | 102 | 47 | 104 | 95 | 92 | 139 | 122 |
| 7 | 8 | 7 | 9 | 9 | 9 | 6 | 3 | 6 | 6 | 6 | 9 | 1 | |
| Equity Capital | 89 | 89 | 89 | 89 | 89 | 161 | 161 | 161 | 161 | 162 | 162 | 162 | 162 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 89 | 89 | 89 | 89 | 89 | 161 | 161 | 161 | 161 | 162 | 162 | 162 | 162 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 388
- 143
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 164
- Depreciation
- 3
- 79
- Tax %
- 25.23%
- Net Profit
- 59
- 7
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 424
- 151
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 174
- Depreciation
- 4
- 98
- Tax %
- 25.65%
- Net Profit
- 73
- 8
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 473
- 197
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 184
- Depreciation
- 4
- 89
- Tax %
- 25.56%
- Net Profit
- 66
- 7
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 543
- 237
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 204
- Depreciation
- 4
- 109
- Tax %
- 25.07%
- Net Profit
- 82
- 9
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 561
- 244
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 209
- Depreciation
- 3
- 109
- Tax %
- 25.53%
- Net Profit
- 81
- 9
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 573
- 216
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 205
- Depreciation
- 3
- 150
- Tax %
- 25.43%
- Net Profit
- 112
- 9
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 560
- 214
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 211
- Depreciation
- 5
- 134
- Tax %
- 23.66%
- Net Profit
- 102
- 6
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 590
- 343
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 198
- Depreciation
- 4
- 48
- Tax %
- 2.63%
- Net Profit
- 47
- 3
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 591
- 237
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 214
- Depreciation
- 4
- 138
- Tax %
- 25.00%
- Net Profit
- 104
- 6
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 606
- 270
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 206
- Depreciation
- 4
- 127
- Tax %
- 25.50%
- Net Profit
- 95
- 6
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 712
- 359
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 229
- Depreciation
- 4
- 122
- Tax %
- 24.31%
- Net Profit
- 92
- 6
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 731
- 311
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 237
- Depreciation
- 4
- 183
- Tax %
- 24.20%
- Net Profit
- 139
- 9
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 767
- 607
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 258
- Depreciation
- 3
- 163
- Tax %
- 25.17%
- Net Profit
- 122
- 1
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 357 | 456 | 561 | 599 | 643 | 867 | 1,252 | 1,829 | 2,284 | 2,634 | 2,817 | |
| 92 | 109 | 127 | 164 | 241 | 300 | 395 | 953 | 1,477 | 1,489 | 1,547 | |
| Operating Profit | 268 | 349 | 451 | 447 | 407 | 647 | 871 | 1,118 | 1,282 | 1,475 | — |
| OPM % | 75 | 77 | 80 | 75 | 63 | 75 | 70 | 61 | 56 | 56 | — |
| Other Income | 3 | 3 | 16 | 12 | 5 | 80 | 14 | 242 | 475 | 330 | 10 |
| Interest | 176 | 230 | 302 | 310 | 324 | 411 | 558 | 728 | 825 | 889 | 930 |
| Depreciation | 1 | 2 | 3 | 7 | 7 | 9 | 10 | 15 | 15 | 17 | 16 |
| 91 | 118 | 146 | 131 | 76 | 227 | 303 | 375 | 442 | 570 | 595 | |
| Tax % | 34 | 34 | 39 | 31 | 27 | 28 | 26 | 25 | 22 | 25 | 25 |
| Net Profit | 59 | 77 | 89 | 90 | 56 | 164 | 225 | 280 | 343 | 429 | 447 |
| EPS | 0 | 0 | 0 | 8 | 4 | 12 | 17 | 31 | 21 | 27 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 7 | 10 | 11 | 10 | 6 | 18 | 25 | 31 | 21 | 27 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 7 | 10 | 11 | 10 | 6 | 18 | 25 | 31 | 21 | 27 | — |
Mar 2017
- 357
- 92
- Operating Profit
- 268
- OPM %
- 75
- Other Income
- 3
- Interest
- 176
- Depreciation
- 1
- 91
- Tax %
- 34
- Net Profit
- 59
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2018
- 456
- 109
- Operating Profit
- 349
- OPM %
- 77
- Other Income
- 3
- Interest
- 230
- Depreciation
- 2
- 118
- Tax %
- 34
- Net Profit
- 77
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2019
- 561
- 127
- Operating Profit
- 451
- OPM %
- 80
- Other Income
- 16
- Interest
- 302
- Depreciation
- 3
- 146
- Tax %
- 39
- Net Profit
- 89
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2020
- 599
- 164
- Operating Profit
- 447
- OPM %
- 75
- Other Income
- 12
- Interest
- 310
- Depreciation
- 7
- 131
- Tax %
- 31
- Net Profit
- 90
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2021
- 643
- 241
- Operating Profit
- 407
- OPM %
- 63
- Other Income
- 5
- Interest
- 324
- Depreciation
- 7
- 76
- Tax %
- 27
- Net Profit
- 56
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2022
- 867
- 300
- Operating Profit
- 647
- OPM %
- 75
- Other Income
- 80
- Interest
- 411
- Depreciation
- 9
- 227
- Tax %
- 28
- Net Profit
- 164
- EPS
- 12
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
Mar 2023
- 1,252
- 395
- Operating Profit
- 871
- OPM %
- 70
- Other Income
- 14
- Interest
- 558
- Depreciation
- 10
- 303
- Tax %
- 26
- Net Profit
- 225
- EPS
- 17
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
Mar 2024
- 1,829
- 953
- Operating Profit
- 1,118
- OPM %
- 61
- Other Income
- 242
- Interest
- 728
- Depreciation
- 15
- 375
- Tax %
- 25
- Net Profit
- 280
- EPS
- 31
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 31
Mar 2025
- 2,284
- 1,477
- Operating Profit
- 1,282
- OPM %
- 56
- Other Income
- 475
- Interest
- 825
- Depreciation
- 15
- 442
- Tax %
- 22
- Net Profit
- 343
- EPS
- 21
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2026
- 2,634
- 1,489
- Operating Profit
- 1,475
- OPM %
- 56
- Other Income
- 330
- Interest
- 889
- Depreciation
- 17
- 570
- Tax %
- 25
- Net Profit
- 429
- EPS
- 27
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
TTM
- 2,817
- 1,547
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 930
- Depreciation
- 16
- 595
- Tax %
- 25
- Net Profit
- 447
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 27%
- 5 Years:
- 33%
- 3 Years:
- 28%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 22%
- 5 Years:
- 50%
- 3 Years:
- 24%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 15%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 12%
- 3 Years:
- 13%
- Last Year:
- 12%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 78 | 78 | 78 | 87 | 88 | 89 | 89 | 89 | 161 | 162 | |
| 395 | 514 | 976 | 1,297 | 1,365 | 1,518 | 1,738 | 2,046 | 3,206 | 3,684 | |
| 582 | 768 | 476 | 335 | 535 | 702 | 504 | 5,462 | 5,783 | 6,511 | |
| Trade Payables | 10 | 7 | 9 | 8 | 16 | 54 | 106 | 136 | 67 | 245 |
| 1,863 | 2,220 | 2,584 | 2,752 | 3,551 | 5,459 | 6,732 | 3,851 | 4,206 | 5,979 | |
| Total Liabilities | 2,928 | 3,587 | 4,124 | 4,480 | 5,555 | 7,822 | 9,170 | 11,585 | 13,424 | 16,581 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 4 | 4 | 4 | 23 | 21 | 19 | 43 | 48 | 68 | 57 | |
| 1,136 | 1,013 | 1,049 | 1,048 | 1,253 | 1,639 | 1,697 | 1,653 | 1,957 | 2,890 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 12 | 11 | |
| Cash & Bank | 126 | 193 | 235 | 402 | 456 | 792 | 387 | 344 | 614 | 429 |
| 1,663 | 2,377 | 2,836 | 3,006 | 3,825 | 5,372 | 7,044 | 9,526 | 10,772 | 13,193 | |
| Total Assets | 2,928 | 3,587 | 4,124 | 4,480 | 5,555 | 7,822 | 9,170 | 11,585 | 13,424 | 16,581 |
| Total Debt | 2,330 | 2,858 | 2,913 | 2,921 | 3,932 | 5,983 | 7,035 | 9,048 | 9,784 | 12,198 |
| Net Working Capital | 27 | 27 | 13 | 311 | 3,954 | 5,914 | 7,341 | -4,716 | -4,064 | -4,886 |
| Contingent Liabilities | 93 | 225 | 238 | 264 | 276 | 241 | 168 | 69 | 6 | 4 |
| Book Value per Share | 60.41 | 75.61 | 134.56 | 158.32 | 165.29 | 180.73 | 205.26 | 238.95 | 208.69 | 238.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 2,330 | 2,858 | 2,913 | 2,921 | 3,932 | 5,983 | 7,035 | 9,048 | 9,784 | 12,198 |
| Net Working Capital | 27 | 27 | 13 | 311 | 3,954 | 5,914 | 7,341 | -4,716 | -4,064 | -4,886 |
| Contingent Liabilities | 93 | 225 | 238 | 264 | 276 | 241 | 168 | 69 | 6 | 4 |
| Book Value per Share | 60.41 | 75.61 | 134.56 | 158.32 | 165.29 | 180.73 | 205.26 | 238.95 | 208.69 | 238.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- 78
- 395
- 582
- Trade Payables
- 10
- 1,863
- Total Liabilities
- 2,928
- 4
- 1,136
- 0
- Cash & Bank
- 126
- 1,663
- Total Assets
- 2,928
- Total Debt
- 2,330
- Net Working Capital
- 27
- Contingent Liabilities
- 93
- Book Value per Share
- 60.41
- Face Value
- 10.00
- Total Debt
- 2,330
- Net Working Capital
- 27
- Contingent Liabilities
- 93
- Book Value per Share
- 60.41
- Face Value
- 10.00
Mar 2018
- 78
- 514
- 768
- Trade Payables
- 7
- 2,220
- Total Liabilities
- 3,587
- 4
- 1,013
- 0
- Cash & Bank
- 193
- 2,377
- Total Assets
- 3,587
- Total Debt
- 2,858
- Net Working Capital
- 27
- Contingent Liabilities
- 225
- Book Value per Share
- 75.61
- Face Value
- 10.00
- Total Debt
- 2,858
- Net Working Capital
- 27
- Contingent Liabilities
- 225
- Book Value per Share
- 75.61
- Face Value
- 10.00
Mar 2019
- 78
- 976
- 476
- Trade Payables
- 9
- 2,584
- Total Liabilities
- 4,124
- 4
- 1,049
- 0
- Cash & Bank
- 235
- 2,836
- Total Assets
- 4,124
- Total Debt
- 2,913
- Net Working Capital
- 13
- Contingent Liabilities
- 238
- Book Value per Share
- 134.56
- Face Value
- 10.00
- Total Debt
- 2,913
- Net Working Capital
- 13
- Contingent Liabilities
- 238
- Book Value per Share
- 134.56
- Face Value
- 10.00
Mar 2020
- 87
- 1,297
- 335
- Trade Payables
- 8
- 2,752
- Total Liabilities
- 4,480
- 23
- 1,048
- 0
- Cash & Bank
- 402
- 3,006
- Total Assets
- 4,480
- Total Debt
- 2,921
- Net Working Capital
- 311
- Contingent Liabilities
- 264
- Book Value per Share
- 158.32
- Face Value
- 10.00
- Total Debt
- 2,921
- Net Working Capital
- 311
- Contingent Liabilities
- 264
- Book Value per Share
- 158.32
- Face Value
- 10.00
Mar 2021
- 88
- 1,365
- 535
- Trade Payables
- 16
- 3,551
- Total Liabilities
- 5,555
- 21
- 1,253
- 0
- Cash & Bank
- 456
- 3,825
- Total Assets
- 5,555
- Total Debt
- 3,932
- Net Working Capital
- 3,954
- Contingent Liabilities
- 276
- Book Value per Share
- 165.29
- Face Value
- 10.00
- Total Debt
- 3,932
- Net Working Capital
- 3,954
- Contingent Liabilities
- 276
- Book Value per Share
- 165.29
- Face Value
- 10.00
Mar 2022
- 89
- 1,518
- 702
- Trade Payables
- 54
- 5,459
- Total Liabilities
- 7,822
- 19
- 1,639
- 0
- Cash & Bank
- 792
- 5,372
- Total Assets
- 7,822
- Total Debt
- 5,983
- Net Working Capital
- 5,914
- Contingent Liabilities
- 241
- Book Value per Share
- 180.73
- Face Value
- 10.00
- Total Debt
- 5,983
- Net Working Capital
- 5,914
- Contingent Liabilities
- 241
- Book Value per Share
- 180.73
- Face Value
- 10.00
Mar 2023
- 89
- 1,738
- 504
- Trade Payables
- 106
- 6,732
- Total Liabilities
- 9,170
- 43
- 1,697
- 0
- Cash & Bank
- 387
- 7,044
- Total Assets
- 9,170
- Total Debt
- 7,035
- Net Working Capital
- 7,341
- Contingent Liabilities
- 168
- Book Value per Share
- 205.26
- Face Value
- 10.00
- Total Debt
- 7,035
- Net Working Capital
- 7,341
- Contingent Liabilities
- 168
- Book Value per Share
- 205.26
- Face Value
- 10.00
Mar 2024
- 89
- 2,046
- 5,462
- Trade Payables
- 136
- 3,851
- Total Liabilities
- 11,585
- 48
- 1,653
- 14
- Cash & Bank
- 344
- 9,526
- Total Assets
- 11,585
- Total Debt
- 9,048
- Net Working Capital
- -4,716
- Contingent Liabilities
- 69
- Book Value per Share
- 238.95
- Face Value
- 10.00
- Total Debt
- 9,048
- Net Working Capital
- -4,716
- Contingent Liabilities
- 69
- Book Value per Share
- 238.95
- Face Value
- 10.00
Mar 2025
- 161
- 3,206
- 5,783
- Trade Payables
- 67
- 4,206
- Total Liabilities
- 13,424
- 68
- 1,957
- 12
- Cash & Bank
- 614
- 10,772
- Total Assets
- 13,424
- Total Debt
- 9,784
- Net Working Capital
- -4,064
- Contingent Liabilities
- 6
- Book Value per Share
- 208.69
- Face Value
- 10.00
- Total Debt
- 9,784
- Net Working Capital
- -4,064
- Contingent Liabilities
- 6
- Book Value per Share
- 208.69
- Face Value
- 10.00
Mar 2026
- 162
- 3,684
- 6,511
- Trade Payables
- 245
- 5,979
- Total Liabilities
- 16,581
- 57
- 2,890
- 11
- Cash & Bank
- 429
- 13,193
- Total Assets
- 16,581
- Total Debt
- 12,198
- Net Working Capital
- -4,886
- Contingent Liabilities
- 4
- Book Value per Share
- 238.00
- Face Value
- 10.00
- Total Debt
- 12,198
- Net Working Capital
- -4,886
- Contingent Liabilities
- 4
- Book Value per Share
- 238.00
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -261 | -641 | -370 | -90 | -726 | -1,329 | -1,292 | -2,140 | -1,054 | -1,524 | |
| Cash from Investing | -717 | 123 | 32 | -1 | -194 | -377 | -178 | 49 | -398 | -881 |
| Cash from Financing | 1,040 | 578 | 340 | 233 | 984 | 2,023 | 966 | 2,048 | 1,612 | 2,309 |
| 62 | 61 | 2 | 142 | 63 | 316 | -505 | -43 | 160 | -96 | |
| Free Cash Flow | -264 | -642 | -370 | -117 | -730 | -1,336 | -1,326 | -2,159 | -1,090 | -1,526 |
| OCF / Net Profit | -4.39 | -8.27 | -4.14 | -1.01 | -12.96 | -8.12 | -5.73 | -7.64 | -3.08 | -3.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -2,122 | -3,195 | -3,879 | -5,669 | -6,642 | -7,438 |
| OCF / Net Profit | -4.39 | -8.27 | -4.14 | -1.01 | -12.96 | -8.12 | -5.73 | -7.64 | -3.08 | -3.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -2,122 | -3,195 | -3,879 | -5,669 | -6,642 | -7,438 |
Mar 2017
- -261
- Cash from Investing
- -717
- Cash from Financing
- 1,040
- 62
- Free Cash Flow
- -264
- OCF / Net Profit
- -4.39
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -4.39
- Cumulative 5-Year FCF
- 0
Mar 2018
- -641
- Cash from Investing
- 123
- Cash from Financing
- 578
- 61
- Free Cash Flow
- -642
- OCF / Net Profit
- -8.27
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -8.27
- Cumulative 5-Year FCF
- 0
Mar 2019
- -370
- Cash from Investing
- 32
- Cash from Financing
- 340
- 2
- Free Cash Flow
- -370
- OCF / Net Profit
- -4.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -4.14
- Cumulative 5-Year FCF
- 0
Mar 2020
- -90
- Cash from Investing
- -1
- Cash from Financing
- 233
- 142
- Free Cash Flow
- -117
- OCF / Net Profit
- -1.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.01
- Cumulative 5-Year FCF
- 0
Mar 2021
- -726
- Cash from Investing
- -194
- Cash from Financing
- 984
- 63
- Free Cash Flow
- -730
- OCF / Net Profit
- -12.96
- Cumulative 5-Year FCF
- -2,122
- OCF / Net Profit
- -12.96
- Cumulative 5-Year FCF
- -2,122
Mar 2022
- -1,329
- Cash from Investing
- -377
- Cash from Financing
- 2,023
- 316
- Free Cash Flow
- -1,336
- OCF / Net Profit
- -8.12
- Cumulative 5-Year FCF
- -3,195
- OCF / Net Profit
- -8.12
- Cumulative 5-Year FCF
- -3,195
Mar 2023
- -1,292
- Cash from Investing
- -178
- Cash from Financing
- 966
- -505
- Free Cash Flow
- -1,326
- OCF / Net Profit
- -5.73
- Cumulative 5-Year FCF
- -3,879
- OCF / Net Profit
- -5.73
- Cumulative 5-Year FCF
- -3,879
Mar 2024
- -2,140
- Cash from Investing
- 49
- Cash from Financing
- 2,048
- -43
- Free Cash Flow
- -2,159
- OCF / Net Profit
- -7.64
- Cumulative 5-Year FCF
- -5,669
- OCF / Net Profit
- -7.64
- Cumulative 5-Year FCF
- -5,669
Mar 2025
- -1,054
- Cash from Investing
- -398
- Cash from Financing
- 1,612
- 160
- Free Cash Flow
- -1,090
- OCF / Net Profit
- -3.08
- Cumulative 5-Year FCF
- -6,642
- OCF / Net Profit
- -3.08
- Cumulative 5-Year FCF
- -6,642
Mar 2026
- -1,524
- Cash from Investing
- -881
- Cash from Financing
- 2,309
- -96
- Free Cash Flow
- -1,526
- OCF / Net Profit
- -3.55
- Cumulative 5-Year FCF
- -7,438
- OCF / Net Profit
- -3.55
- Cumulative 5-Year FCF
- -7,438
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 7.45 | 9.88 | 11.40 | 10.24 | 6.37 | 18.42 | 25.31 | 31.34 | 21.23 | 26.56 |
| Book Value (₹) | 60.41 | 75.61 | 134.56 | 158.32 | 165.29 | 180.73 | 205.26 | 238.95 | 208.69 | 238.00 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 7.74 | 10.09 | 11.77 | 11.01 | 7.14 | 19.44 | 26.46 | 32.99 | 22.18 | 27.59 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 75.04% | 76.61% | 80.33% | 74.63% | 63.27% | 74.61% | 69.56% | 47.91% | 35.32% | 43.49% |
| Net Margin % | 16.64% | 16.97% | 15.92% | 14.97% | 8.72% | 18.88% | 17.99% | 15.32% | 15.00% | 16.29% |
| ROE % | 15.79% | 14.53% | 10.85% | 7.35% | 3.95% | 10.70% | 13.12% | 14.14% | 12.45% | 11.90% |
| ROCE % | 11.70% | 11.01% | 11.87% | 10.39% | 8.08% | 9.68% | 10.34% | 10.89% | 10.34% | 9.96% |
| 2.52% | 2.38% | 2.32% | 2.08% | 1.12% | 2.45% | 2.65% | 2.70% | 2.74% | 2.86% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 0 | 11 | 8 | 6 | 7 | 5 | 3 | 2 | 2 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 11 | 8 | 6 | 7 | 5 | 3 | 2 | 2 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 4.66x | 4.55x | 2.58x | 1.99x | 2.56x | 3.54x | 3.68x | 4.08x | 2.91x | 3.17x |
| Interest Coverage (x) | 1.51x | 1.51x | 1.48x | 1.42x | 1.24x | 1.55x | 1.54x | 1.52x | 1.54x | 1.64x |
| 1.02x | 1.02x | 1.03x | 1.78x | 7.06x | 8.09x | 10.95x | 0.18x | 0.33x | 0.30x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 47.55% | 27.68% | 23.07% | 6.66% | 7.41% | 34.83% | 44.44% | 46.01% | 24.91% | 15.33% |
| Operating Profit Growth % | 33.67% | 30.35% | 29.04% | -0.91% | -8.95% | 58.99% | 34.67% | 28.35% | 14.62% | 15.11% |
| Net Profit Growth % | -1.12% | 30.18% | 15.42% | 0.30% | -37.46% | 192.11% | 37.64% | 24.32% | 22.29% | 25.26% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 23.83% | -32.27% | 25.11% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.88x | 7.78x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.80x | 0.87x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.94x | 9.26x | 10.24x |
Mar 2017
- EPS (₹)
- 7.45
- Book Value (₹)
- 60.41
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.74
- Operating Margin %
- 75.04%
- Net Margin %
- 16.64%
- ROE %
- 15.79%
- ROCE %
- 11.70%
- 2.52%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 4.66x
- Interest Coverage (x)
- 1.51x
- 1.02x
- Revenue Growth %
- 47.55%
- Operating Profit Growth %
- 33.67%
- Net Profit Growth %
- -1.12%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 9.88
- Book Value (₹)
- 75.61
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 10.09
- Operating Margin %
- 76.61%
- Net Margin %
- 16.97%
- ROE %
- 14.53%
- ROCE %
- 11.01%
- 2.38%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 4.55x
- Interest Coverage (x)
- 1.51x
- 1.02x
- Revenue Growth %
- 27.68%
- Operating Profit Growth %
- 30.35%
- Net Profit Growth %
- 30.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 11.40
- Book Value (₹)
- 134.56
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 11.77
- Operating Margin %
- 80.33%
- Net Margin %
- 15.92%
- ROE %
- 10.85%
- ROCE %
- 11.87%
- 2.32%
- Debtor Days
- 11
- Inventory Days
- 0
- Payable Days
- 0
- 11
- Debt to Equity (x)
- 2.58x
- Interest Coverage (x)
- 1.48x
- 1.03x
- Revenue Growth %
- 23.07%
- Operating Profit Growth %
- 29.04%
- Net Profit Growth %
- 15.42%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 10.24
- Book Value (₹)
- 158.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 11.01
- Operating Margin %
- 74.63%
- Net Margin %
- 14.97%
- ROE %
- 7.35%
- ROCE %
- 10.39%
- 2.08%
- Debtor Days
- 8
- Inventory Days
- 0
- Payable Days
- 0
- 8
- Debt to Equity (x)
- 1.99x
- Interest Coverage (x)
- 1.42x
- 1.78x
- Revenue Growth %
- 6.66%
- Operating Profit Growth %
- -0.91%
- Net Profit Growth %
- 0.30%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 6.37
- Book Value (₹)
- 165.29
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.14
- Operating Margin %
- 63.27%
- Net Margin %
- 8.72%
- ROE %
- 3.95%
- ROCE %
- 8.08%
- 1.12%
- Debtor Days
- 6
- Inventory Days
- 0
- Payable Days
- 0
- 6
- Debt to Equity (x)
- 2.56x
- Interest Coverage (x)
- 1.24x
- 7.06x
- Revenue Growth %
- 7.41%
- Operating Profit Growth %
- -8.95%
- Net Profit Growth %
- -37.46%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 18.42
- Book Value (₹)
- 180.73
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 19.44
- Operating Margin %
- 74.61%
- Net Margin %
- 18.88%
- ROE %
- 10.70%
- ROCE %
- 9.68%
- 2.45%
- Debtor Days
- 7
- Inventory Days
- 0
- Payable Days
- 0
- 7
- Debt to Equity (x)
- 3.54x
- Interest Coverage (x)
- 1.55x
- 8.09x
- Revenue Growth %
- 34.83%
- Operating Profit Growth %
- 58.99%
- Net Profit Growth %
- 192.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 25.31
- Book Value (₹)
- 205.26
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 26.46
- Operating Margin %
- 69.56%
- Net Margin %
- 17.99%
- ROE %
- 13.12%
- ROCE %
- 10.34%
- 2.65%
- Debtor Days
- 5
- Inventory Days
- 0
- Payable Days
- 0
- 5
- Debt to Equity (x)
- 3.68x
- Interest Coverage (x)
- 1.54x
- 10.95x
- Revenue Growth %
- 44.44%
- Operating Profit Growth %
- 34.67%
- Net Profit Growth %
- 37.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 31.34
- Book Value (₹)
- 238.95
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 32.99
- Operating Margin %
- 47.91%
- Net Margin %
- 15.32%
- ROE %
- 14.14%
- ROCE %
- 10.89%
- 2.70%
- Debtor Days
- 3
- Inventory Days
- 0
- Payable Days
- 0
- 3
- Debt to Equity (x)
- 4.08x
- Interest Coverage (x)
- 1.52x
- 0.18x
- Revenue Growth %
- 46.01%
- Operating Profit Growth %
- 28.35%
- Net Profit Growth %
- 24.32%
- 23.83%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 7.94x
Mar 2025
- EPS (₹)
- 21.23
- Book Value (₹)
- 208.69
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 22.18
- Operating Margin %
- 35.32%
- Net Margin %
- 15.00%
- ROE %
- 12.45%
- ROCE %
- 10.34%
- 2.74%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 2.91x
- Interest Coverage (x)
- 1.54x
- 0.33x
- Revenue Growth %
- 24.91%
- Operating Profit Growth %
- 14.62%
- Net Profit Growth %
- 22.29%
- -32.27%
- P/E (x)
- 7.88x
- P/B (x)
- 0.80x
- Dividend Yield %
- 0.00%
- 9.26x
Mar 2026
- EPS (₹)
- 26.56
- Book Value (₹)
- 238.00
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 27.59
- Operating Margin %
- 43.49%
- Net Margin %
- 16.29%
- ROE %
- 11.90%
- ROCE %
- 9.96%
- 2.86%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 3.17x
- Interest Coverage (x)
- 1.64x
- 0.30x
- Revenue Growth %
- 15.33%
- Operating Profit Growth %
- 15.11%
- Net Profit Growth %
- 25.26%
- 25.11%
- P/E (x)
- 7.78x
- P/B (x)
- 0.87x
- Dividend Yield %
- 0.00%
- 10.24x
Documents
Announcements
- Shareholders meeting
2026-08-18 - Northern Arc Capital Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2026. Further, the company has informed the Exchange regarding voting results.
- Shareholders meeting
2026-08-18 - Proceedings of 18th AGM
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Jan 2026