ARIHANTSUP

Arihant Superstructures Limited

Residential and commercial projects developer

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

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Key metrics

Price as of 2026-10-16

Stock price
₹234.62
Market cap
1,012 Cr
Stock P/E
23.8
P/B
2.79
Dividend yield
0.2%
ROE (FY26)
10.2%
ROCE (FY26)
9.7%
Operating margin (FY26)
22.5%
Debt / equity (FY26)
2.40
OCF / EBITDA (FY26)
-55.9%
OCF / EBITDA (3Y)
-114.9%

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 Superstructures (Arihant) builds and sells residential projects, from affordable flats to luxury villas, mainly in the Mumbai Metropolitan Region, and is adding hotels and a club that earn rental-style annuity income.

Company snapshot

43rdBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

What we see

Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

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

MetricMar 2023Jun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Dec 2025Jun 2026
Sales65 Cr121 Cr109 Cr119 Cr161 Cr84 Cr112 Cr151 Cr153 Cr121 Cr126 Cr132 Cr
Operating expenses (approx.)55 Cr95 Cr84 Cr93 Cr126 Cr73 Cr83 Cr108 Cr130 Cr84 Cr97 Cr104 Cr
EBITDA10 Cr26 Cr25 Cr26 Cr35 Cr11 Cr29 Cr43 Cr22 Cr37 Cr29 Cr28 Cr
OPM %15.2%21.8%23.3%21.8%22.0%12.6%25.8%28.2%14.6%30.5%23.0%20.9%
Other income0.66 Cr0.07 Cr0.14 Cr0.23 Cr0.79 Cr0.50 Cr1 Cr0.86 Cr2 Cr2 Cr1 Cr2 Cr
Interest9 Cr7 Cr6 Cr7 Cr6 Cr8 Cr9 Cr9 Cr14 Cr17 Cr18 Cr16 Cr
Depreciation0.52 Cr0.54 Cr0.55 Cr0.56 Cr0.54 Cr0.55 Cr0.57 Cr0.60 Cr0.64 Cr0.62 Cr0.77 Cr0.72 Cr
Profit before tax2 Cr19 Cr19 Cr19 Cr29 Cr3 Cr20 Cr33 Cr10 Cr21 Cr11 Cr13 Cr
Tax %85.1%19.7%14.5%17.0%24.9%23.3%20.6%23.7%-11.4%25.1%25.4%23.9%
Net profit0.23 Cr16 Cr16 Cr16 Cr22 Cr2 Cr16 Cr25 Cr11 Cr16 Cr8 Cr10 Cr
EPS (₹)₹2.17₹2.85₹3.11₹2.72₹2.23₹0.29₹2.75₹5.08₹1.89₹2.21₹1.16₹1.39

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales185 Cr188 Cr239 Cr233 Cr270 Cr331 Cr389 Cr510 Cr499 Cr551 CrSign in free for the trailing twelve months
Operating expenses (approx.)122 Cr151 Cr185 Cr190 Cr222 Cr261 Cr312 Cr397 Cr395 Cr424 CrSign in free for the trailing twelve months
EBITDA63 Cr37 Cr54 Cr43 Cr48 Cr70 Cr78 Cr113 Cr104 Cr127 CrSign in free for the trailing twelve months
OPM %34.0%19.8%22.6%18.5%17.8%21.1%19.9%22.2%20.9%23.0%Sign in free for the trailing twelve months
Other income2 Cr1 Cr3 Cr5 Cr2 Cr2 Cr2 Cr1 Cr5 Cr5 CrSign in free for the trailing twelve months
Interest10 Cr15 Cr32 Cr30 Cr28 Cr21 Cr26 Cr26 Cr40 Cr68 CrSign in free for the trailing twelve months
Depreciation1 Cr1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 CrSign in free for the trailing twelve months
Profit before tax53 Cr22 Cr23 Cr16 Cr20 Cr48 Cr52 Cr86 Cr66 Cr61 CrSign in free for the trailing twelve months
Tax %32.5%33.9%19.3%29.1%21.4%14.7%18.3%19.7%17.4%24.6%Sign in free for the trailing twelve months
Net profit36 Cr15 Cr18 Cr11 Cr16 Cr41 Cr43 Cr69 Cr55 Cr46 CrSign in free for the trailing twelve months
EPS (₹)₹7.97₹3.05₹3.32₹1.37₹5.42₹10.02₹10.04₹10.91₹10.02₹10.65Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.8%2.3%4.1%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 capital41 Cr41 Cr41 Cr41 Cr41 Cr41 Cr41 Cr51 Cr51 Cr43 Cr
Reserves73 Cr76 Cr81 Cr86 Cr98 Cr137 Cr169 Cr216 Cr259 Cr320 Cr
Borrowings256 Cr277 Cr378 Cr387 Cr296 Cr299 Cr332 Cr477 Cr738 Cr873 Cr
Other liabilities227 Cr261 Cr216 Cr216 Cr230 Cr352 Cr455 Cr396 Cr470 Cr447 Cr
Total liabilities604 Cr665 Cr729 Cr750 Cr689 Cr854 Cr1,033 Cr1,197 Cr1,586 Cr1,770 Cr
Fixed assets (net)4 Cr10 Cr11 Cr9 Cr9 Cr9 Cr10 Cr9 Cr80 Cr88 Cr
CWIP————0 Cr—0 Cr0 Cr4 Cr21 Cr
Investments0.17 Cr0.17 Cr0.17 Cr10 Cr0.03 Cr11 Cr12 Cr12 Cr15 Cr16 Cr
Loans & advances——19 Cr23 Cr5 Cr12 Cr0.06 Cr0.07 Cr0.08 Cr0.05 Cr
Inventories345 Cr361 Cr422 Cr388 Cr355 Cr447 Cr484 Cr555 Cr728 Cr898 Cr
Trade receivables34 Cr39 Cr28 Cr35 Cr26 Cr60 Cr85 Cr104 Cr114 Cr100 Cr
Cash & bank9 Cr12 Cr0.43 Cr11 Cr12 Cr15 Cr8 Cr15 Cr18 Cr14 Cr
Other assets212 Cr243 Cr249 Cr272 Cr282 Cr300 Cr434 Cr501 Cr627 Cr631 Cr
Total assets604 Cr665 Cr729 Cr750 Cr689 Cr854 Cr1,033 Cr1,197 Cr1,586 Cr1,770 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 activity-30 Cr14 Cr-79 Cr—121 Cr21 Cr-12 Cr-147 Cr-178 Cr-71 Cr
Cash from investing-3 Cr-15 Cr16 Cr—-0.74 Cr-0.79 Cr-2 Cr-0.66 Cr-80 Cr-27 Cr
Cash from financing31 Cr1 Cr66 Cr—-119 Cr-17 Cr7 Cr154 Cr261 Cr94 Cr
Net cash flow-1 Cr0.86 Cr4 Cr—0.51 Cr3 Cr-7 Cr7 Cr3 Cr-4 Cr
Free cash flow (OCF − Capex)-30 Cr7 Cr——119 Cr19 Cr-12 Cr-148 Cr-254 Cr-71 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.8%9.2%10.7%8.5%10.5%13.8%13.5%14.0%9.6%9.7%
ROE %27.0%11.5%13.5%7.5%2.8%20.4%12.8%14.9%10.7%10.2%
Debtor days66754355356680748366
Inventory days68010237851189865563913534588651
Days payable581057519312978141616265
Cash conversion cycle6889937531051771551852547610653
OCF / EBITDA %-47.0%38.9%-145.4%—251.0%29.8%-15.2%-129.6%-170.6%-55.9%
OCF / EBITDA % (3 years)——-60.7%———66.3%-52.9%-114.0%-114.9%
Debt / equity2.252.353.103.052.131.681.581.792.392.40
Current ratio2.061.741.902.392.311.682.041.612.862.90
Net debt / EBITDA3.93—6.998.725.904.084.184.096.916.78