Arham Technologies Ltd
Incorporated in 2013, Arham Technologies Ltd imports, exports, trades, manufactures, and distributes domestic electrical appliances.[1]
- Market Cap ₹ 458 Cr.
- Current Price ₹ 210
- High / Low ₹ 224 / 101
- Stock P/E 62.0
- Book Value ₹ 42.4
- Dividend Yield 0.00 %
- ROCE 14.0 %
- ROE 12.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 29.3% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 155 days.
- Promoter holding has decreased over last 3 years: -16.9%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 14 | 23 | 36 | 48 | 55 | 65 | 102 | |
| 12 | 19 | 32 | 42 | 46 | 54 | 89 | |
| Operating Profit | 2 | 4 | 5 | 6 | 8 | 11 | 13 |
| OPM % | 12% | 17% | 13% | 13% | 16% | 17% | 13% |
| 0 | 0 | 1 | 0 | 1 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 3 | 4 | 5 | 7 | 8 | 10 |
| Tax % | -2% | 25% | 28% | 24% | 27% | 25% | 26% |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | |
| EPS in Rs | 0.46 | 1.66 | 2.46 | 2.10 | 2.88 | 3.52 | 3.38 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 28% |
| TTM: | 57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 28% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 47% |
| 1 Year: | 92% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 17% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 8 | 8 | 17 | 22 |
| Reserves | 0 | 2 | 5 | 11 | 15 | 13 | 71 |
| 7 | 9 | 10 | 12 | 20 | 27 | 26 | |
| 0 | 3 | 6 | 2 | 5 | 8 | 23 | |
| Total Liabilities | 10 | 15 | 23 | 33 | 48 | 65 | 141 |
| 4 | 3 | 2 | 3 | 10 | 9 | 8 | |
| CWIP | 0 | 0 | 0 | 4 | 0 | 0 | 24 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 10 |
| 6 | 12 | 21 | 26 | 38 | 56 | 99 | |
| Total Assets | 10 | 15 | 23 | 33 | 48 | 65 | 141 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -0 | -1 | -4 | -4 | 5 | 4 | -26 | |
| -0 | -0 | 1 | -5 | -3 | 0 | -34 | |
| -1 | 2 | 2 | 10 | -2 | -4 | 60 | |
| Net Cash Flow | -1 | -0 | 0 | 1 | -1 | 0 | 0 |
| Free Cash Flow | -0 | -2 | -4 | -9 | 0 | 5 | -50 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -1% | -37% | -75% | -69% | 53% | 36% | -194% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 46 | 103 | 78 | 57 | 70 | 155 |
| Inventory Days | 107 | 176 | 115 | 116 | 236 | 296 | 130 |
| Days Payable | 12 | 10 | 43 | 12 | 18 | 37 | 85 |
| Cash Conversion Cycle | 144 | 212 | 175 | 183 | 274 | 329 | 200 |
| Working Capital Days | 39 | 35 | 79 | 111 | 117 | 127 | 173 |
| ROCE % | 30% | 35% | 25% | 22% | 20% | 14% |
Insights
In beta| Nov 2022 | Mar 2024 | Mar 2025 | Mar 2026 | Mar 2028 (P) | |
|---|---|---|---|---|---|
| Permanent Employees count |
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| Capacity Utilization % |
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| Number of Distributors count |
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| Revenue Share - Air Coolers % |
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| Revenue Share - Smart Televisions % |
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| States Covered count |
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| Installed Annual Capacity - Total Blended units/year |
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| Total Dealer/Distributor/Retailer Touchpoints count |
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Extracted by Screener AI
Documents
Announcements
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General Updates
- Company released a corporate video on its business, operations and capabilities.
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General Updates
- NSE approved Arham Technologies’ Main Board listing from October 30, 2026; SME Emerge trading suspended.
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General Updates
- Arham Technologies’ NSE Emerge-to-Main Board migration ceremony is scheduled for 30 October 2026.
Annual reports
-
Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
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Annual Report 2023
from nse
Concalls
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Jun 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Oct 2025PPT
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Aug 2025PPT
Business Overview:[1]
Arham Technologies Limited is an electronics manufacturer and OEM based in Raipur, Chhattisgarh, engaged in manufacturing Smart LED TVs, ceiling fans, air coolers, washing machines, mixer grinders, and other consumer appliances under the STARSHINE (premium) and ARATTON (mass-market) brands.