ARIHANTCAP

Arihant Capital Markets Limited

Stockbroking and allied financial services group

Financial Services›Financial Services›Capital Markets›Stockbroking & Allied

arihantcapital.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹97.31
Market cap
1,067 Cr
Stock P/E
26.5
P/B
2.42
Dividend yield
0.5%
ROE (FY26)
2.5%
ROCE (FY26)
9.3%
Operating margin (FY26)
30.7%
Debt / equity (FY26)
0.54

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Arihant Capital Markets is a stockbroker and commodities broker that trades for retail and high-net-worth clients, mutual funds, financial institutions and corporates, and also offers depository, research, merchant banking and mutual fund distribution services.

Company snapshot

15thBy market cap

Ranked among 31 companies in Stockbroking & Allied.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Broking and Related Activities
99.0%
148 Cr57 Cr—
Financing Activities
1.8%
3 Cr3 Cr—

What we see

Positives
  • ✓Net margin of 15.3% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income12 Cr13 Cr18 Cr16 Cr19 Cr16 Cr14 Cr14 Cr14 Cr15 Cr15 Cr15 Cr
Other income0.07 Cr0.03 Cr0.22 Cr0.03 Cr0.04 Cr0.16 Cr0.47 Cr0.01 Cr0.32 Cr0.13 Cr0.09 Cr0.13 Cr
Net operating income12 Cr13 Cr18 Cr16 Cr19 Cr17 Cr14 Cr14 Cr14 Cr15 Cr15 Cr15 Cr
Employee cost7 Cr8 Cr11 Cr10 Cr11 Cr10 Cr10 Cr8 Cr9 Cr9 Cr12 Cr10 Cr
Other expenses6 Cr7 Cr10 Cr9 Cr12 Cr8 Cr8 Cr7 Cr9 Cr11 Cr6 Cr8 Cr
Provisions & contingencies————————————
Depreciation0.59 Cr0.60 Cr0.64 Cr0.68 Cr0.72 Cr0.80 Cr0.84 Cr0.83 Cr0.89 Cr0.87 Cr0.90 Cr0.90 Cr
Profit before tax19 Cr26 Cr33 Cr25 Cr25 Cr16 Cr11 Cr16 Cr17 Cr7 Cr2 Cr28 Cr
Tax %23.2%23.8%24.3%25.1%21.5%24.7%26.8%21.9%23.0%26.6%67.2%23.7%
Net profit15 Cr20 Cr25 Cr19 Cr20 Cr12 Cr8 Cr13 Cr13 Cr5 Cr0.50 Cr21 Cr
EPS (₹)₹1.41₹1.88₹2.37₹1.81₹1.92₹1.18₹0.74₹1.22₹1.26₹0.49—₹1.96

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income———21 Cr21 Cr35 Cr42 Cr55 Cr65 Cr58 CrSign in free for the trailing twelve months
Other income4 Cr5 Cr8 Cr0.18 Cr0.50 Cr0.32 Cr0.21 Cr0.46 Cr0.69 Cr0.55 CrSign in free for the trailing twelve months
Net operating income4 Cr5 Cr8 Cr21 Cr22 Cr36 Cr42 Cr55 Cr66 Cr59 CrSign in free for the trailing twelve months
Employee cost12 Cr14 Cr15 Cr16 Cr17 Cr18 Cr21 Cr32 Cr41 Cr39 CrSign in free for the trailing twelve months
Other expenses45 Cr49 Cr41 Cr14 Cr14 Cr19 Cr20 Cr29 Cr37 Cr33 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation0.84 Cr0.99 Cr1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr3 Cr3 CrSign in free for the trailing twelve months
Profit before tax25 Cr30 Cr27 Cr23 Cr44 Cr65 Cr39 Cr93 Cr77 Cr42 CrSign in free for the trailing twelve months
Tax %33.4%30.6%28.3%23.7%20.7%22.8%26.1%23.9%24.0%24.8%Sign in free for the trailing twelve months
Net profit17 Cr21 Cr19 Cr17 Cr35 Cr50 Cr29 Cr71 Cr59 Cr31 CrSign in free for the trailing twelve months
EPS (₹)₹8.01₹9.93₹9.13₹8.40₹16.65₹24.19₹2.80₹6.77₹5.64—Sign in free for the trailing twelve months
Dividend payout %————6.0%7.2%5.4%5.9%8.9%16.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr11 Cr
Reserves90 Cr108 Cr126 Cr139 Cr172 Cr218 Cr246 Cr312 Cr374 Cr430 Cr
Borrowings8 Cr95 Cr—41 Cr56 Cr82 Cr60 Cr99 Cr96 Cr239 Cr
Other liabilities91 Cr95 Cr202 Cr145 Cr223 Cr268 Cr206 Cr359 Cr307 Cr418 Cr
Total liabilities200 Cr309 Cr338 Cr336 Cr461 Cr579 Cr522 Cr780 Cr787 Cr1,098 Cr
Fixed assets (net)19 Cr20 Cr21 Cr18 Cr17 Cr9 Cr12 Cr12 Cr27 Cr28 Cr
CWIP———0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr—
Investments15 Cr3 Cr7 Cr9 Cr18 Cr28 Cr19 Cr15 Cr24 Cr41 Cr
Loans & advances———12 Cr10 Cr14 Cr92 Cr192 Cr161 Cr298 Cr
Inventories33 Cr47 Cr34 Cr28 Cr26 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Trade receivables67 Cr122 Cr128 Cr75 Cr152 Cr239 Cr7 Cr96 Cr97 Cr98 Cr
Cash & bank52 Cr106 Cr0.06 Cr53 Cr25 Cr38 Cr20 Cr24 Cr20 Cr29 Cr
Other assets13 Cr11 Cr148 Cr139 Cr213 Cr252 Cr372 Cr441 Cr459 Cr604 Cr
Total assets200 Cr309 Cr338 Cr336 Cr461 Cr579 Cr522 Cr780 Cr787 Cr1,098 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity14 Cr-46 Cr4 Cr118 Cr-32 Cr-17 Cr15 Cr-30 Cr32 Cr-122 Cr
Cash from investing-16 Cr16 Cr-4 Cr-2 Cr-7 Cr12 Cr-0.21 Cr6 Cr-21 Cr-22 Cr
Cash from financing8 Cr85 Cr12 Cr-77 Cr10 Cr18 Cr-32 Cr27 Cr-14 Cr153 Cr
Net cash flow6 Cr54 Cr12 Cr38 Cr-28 Cr13 Cr-17 Cr4 Cr-4 Cr9 Cr
Free cash flow (OCF − Capex)12 Cr-49 Cr——-32 Cr-17 Cr15 Cr-33 Cr15 Cr-126 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %26.2%17.3%26.8%16.2%19.8%22.9%15.3%25.0%20.2%9.3%
ROE %16.7%17.4%14.0%11.7%19.0%22.0%11.3%21.9%15.3%2.5%
Debtor days29345849030347951219150142174
Inventory days14617513101158300000
Days payable295251————————
Cash conversion cycle145382180041756251219150142174
Debt / equity0.080.800.000.280.310.360.230.310.250.54
Current ratio1.811.511.53———————
Net debt / EBITDA-1.73-0.34-0.0020-0.360.660.620.800.710.813.15