Arihant Capital Markets Ltd

About [ edit ]

Arihant Capital Markets is engaged in the business of Securities brokerage services.

  • Market Cap 170 Cr.
  • Current Price 81.8
  • High / Low 91.8 / 24.2
  • Stock P/E 7.07
  • Book Value 78.1
  • Dividend Yield 1.22 %
  • ROCE 14.5 %
  • ROE 12.3 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Stock is trading at 1.05 times its book value

Cons

  • The company has delivered a poor sales growth of 8.04% over past five years.
  • Dividend payout has been low at 9.59% of profits over last 3 years
  • Company has high debtors of 302.62 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
19.78 22.97 21.53 18.64 24.10 21.59 24.17 21.81 20.35 19.96 28.62 28.69
14.02 15.00 15.14 14.60 14.33 15.18 13.27 13.71 16.42 12.10 17.41 15.51
Operating Profit 5.76 7.97 6.39 4.04 9.77 6.41 10.90 8.10 3.93 7.86 11.21 13.18
OPM % 29.12% 34.70% 29.68% 21.67% 40.54% 29.69% 45.10% 37.14% 19.31% 39.38% 39.17% 45.94%
Other Income 1.86 2.10 2.33 2.67 0.00 2.79 0.07 0.02 0.06 0.01 0.05 0.14
Interest 2.98 2.88 2.43 2.48 2.16 2.60 2.26 1.62 1.59 0.71 0.82 0.85
Depreciation 0.30 0.28 0.28 0.29 0.34 0.31 0.31 0.34 0.33 0.30 0.42 0.29
Profit before tax 4.34 6.91 6.01 3.94 7.27 6.29 8.40 6.16 2.07 6.86 10.02 12.18
Tax % 35.25% 33.57% 25.46% 30.96% 31.50% 25.44% 25.00% 30.19% -5.80% 28.72% 19.16% 26.60%
Net Profit 2.81 4.59 4.48 2.71 4.98 4.69 6.31 4.30 2.19 4.89 8.09 8.95
EPS in Rs 1.35 2.20 2.15 1.30 2.39 2.25 3.03 2.07 1.05 2.35 3.89 4.30

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
44 64 64 69 50 46 62 56 87 102 93 91 98
35 43 47 60 40 34 41 39 48 58 58 58 61
Operating Profit 10 21 18 9 11 11 20 17 39 44 35 33 36
OPM % 22% 32% 27% 12% 21% 25% 33% 30% 45% 43% 38% 36% 37%
Other Income 0 0 0 0 1 -4 0 0 0 0 1 0 0
Interest 5 1 1 1 2 1 3 3 13 14 11 9 4
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 4 18 15 6 8 5 16 13 25 30 24 23 31
Tax % 34% 39% 31% 32% 30% 26% 31% 33% 33% 31% 31% 24%
Net Profit 3 11 10 4 6 4 11 9 17 21 17 17 24
EPS in Rs 1.38 5.33 4.99 2.01 2.65 1.77 5.32 4.11 8.02 9.93 8.04 8.40 11.59
Dividend Payout % 34% 11% 15% 25% 28% 42% 14% 18% 9% 8% 9% 12%
Compounded Sales Growth
10 Years:4%
5 Years:8%
3 Years:2%
TTM:6%
Compounded Profit Growth
10 Years:5%
5 Years:9%
3 Years:2%
TTM:19%
Stock Price CAGR
10 Years:10%
5 Years:19%
3 Years:-8%
1 Year:207%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:15%
Last Year:12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
7 7 10 10 10 10 10 10 10 10 10 10 10
Reserves 35 45 49 52 56 58 66 73 90 108 124 139 152
Borrowings 0 4 0 7 0 0 0 0 8 95 109 41 32
77 63 59 63 50 53 62 57 91 95 99 144 262
Total Liabilities 118 118 119 133 116 121 139 140 200 309 343 335 456
7 7 7 17 17 22 11 18 19 21 21 21 20
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 1 7 13 10 10 13 0 15 3 15 17 12
110 109 105 102 89 90 115 122 165 285 306 297 424
Total Assets 118 118 119 133 116 121 139 140 200 309 343 335 456

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-2 -5 9 16 2 14 1 -13 14 -46 -4 118
-1 -2 -4 -17 2 -5 6 5 -16 16 -4 -2
-3 2 -5 5 -8 -2 -2 -4 8 85 3 -77
Net Cash Flow -6 -4 -0 4 -4 8 6 -12 6 54 -5 38

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 22% 40% 29% 12% 15% 16% 27% 20% 40% 27% 15% 15%
Debtor Days 268 278 191 159 189 175 164 179 282 417 503 303
Inventory Turnover 0.06 0.04 0.06 2.07 0.11 0.09 0.04 0.02 0.33 0.09 0.04 0.02

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.06 74.06 74.06 74.06 74.06 74.06 74.06 74.06 74.06 74.24 74.57 74.57
0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00
25.94 25.94 25.94 25.94 25.94 25.94 25.92 25.94 25.94 25.76 25.43 25.43

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