Arihant Foundations & Housing Ltd

₹ 129 -1.49%

16 Apr - close price

About

Incorporated in 1992, Arihant Foundations & Housing is engaged in the real estate development including construction of residential, commercial complexes and IT parks.

Key Points

Share trading to be suspended from 04.02.2022^[1]
The trading in the securities of the company will be suspended from trading w.e.f. February
04, 2022 (i.e. w.e.f. closing hours of trading on February 03, 2022). Further the admission to
dealings in the security shall be withdrawn (delisted) w.e.f. February 11, 2022

Website BSE

Market Cap ₹ 111 Cr.
Current Price ₹ 129
High / Low ₹ 144 / 35.2
Stock P/E 74.9
Book Value ₹ 196
Dividend Yield 0.00 %
ROCE 6.90 %
ROE 0.69 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.66 times its book value
Company is expected to give good quarter

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Company has a low return on equity of 0.41% over last 3 years.
Earnings include an other income of Rs.17.1 Cr.
Company has high debtors of 389 days.
Company's cost of borrowing seems high

* 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

Sector: Realty Industry: Construction

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	0.97	28.82	6.94	16.00	15.62	9.80	5.57	10.26	5.27	18.12	19.86	5.57	19.83
	2.06	34.51	6.60	16.74	15.43	11.67	5.71	10.57	4.99	17.18	19.60	4.84	17.32
Operating Profit	-1.09	-5.69	0.34	-0.74	0.19	-1.87	-0.14	-0.31	0.28	0.94	0.26	0.73	2.51
OPM %	-112.37%	-19.74%	4.90%	-4.62%	1.22%	-19.08%	-2.51%	-3.02%	5.31%	5.19%	1.31%	13.11%	12.66%
	1.80	10.92	3.84	3.13	1.00	2.64	3.82	4.34	5.08	6.12	3.95	4.06	2.93
Interest	0.49	4.94	3.93	1.71	0.62	0.57	3.28	3.30	4.88	6.90	3.61	4.23	4.58
Depreciation	0.08	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.04	0.03	0.03	0.03
Profit before tax	0.14	0.25	0.21	0.64	0.54	0.17	0.37	0.70	0.45	0.12	0.57	0.53	0.83
Tax %	14.29%	64.00%	28.57%	21.88%	29.63%	82.35%	24.32%	32.86%	24.44%	25.00%	49.12%	5.66%	27.71%
	0.12	0.09	0.15	0.50	0.38	0.03	0.28	0.47	0.34	0.09	0.29	0.50	0.60
EPS in Rs	0.14	0.10	0.17	0.58	0.44	0.03	0.33	0.55	0.40	0.10	0.34	0.58	0.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2011	Sep 2012	Sep 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	117.89	133.53	63.70	66.08	71.80	54.74	39.31	62.96	17.20	31.38	48.35	39.23	63.38
	122.90	129.55	56.16	58.18	75.81	55.70	43.23	71.42	24.92	39.97	50.45	38.47	58.94
Operating Profit	-5.01	3.98	7.54	7.90	-4.01	-0.96	-3.92	-8.46	-7.72	-8.59	-2.10	0.76	4.44
OPM %	-4.25%	2.98%	11.84%	11.96%	-5.58%	-1.75%	-9.97%	-13.44%	-44.88%	-27.37%	-4.34%	1.94%	7.01%
	16.73	7.60	3.52	7.22	11.85	17.86	19.74	32.02	25.06	15.89	10.60	19.35	17.06
Interest	7.79	8.26	8.19	12.78	14.15	13.56	12.80	21.10	14.97	6.31	6.82	18.36	19.32
Depreciation	0.54	0.56	0.60	0.76	1.62	0.86	0.68	0.45	0.36	0.28	0.14	0.13	0.13
Profit before tax	3.39	2.76	2.27	1.58	-7.93	2.48	2.34	2.01	2.01	0.71	1.54	1.62	2.05
Tax %	25.66%	22.46%	26.43%	18.35%	34.17%	41.13%	81.62%	27.36%	24.88%	32.39%	31.17%	28.40%
	2.52	2.13	1.67	1.29	-5.22	1.45	0.43	1.47	1.52	0.48	1.06	1.16	1.48
EPS in Rs	2.93	2.48	1.94	1.50	-6.07	1.69	0.50	1.71	1.77	0.56	1.23	1.35	1.72
Dividend Payout %	34.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-12%
5 Years:	0%
3 Years:	32%
TTM:	105%

Compounded Profit Growth
10 Years:	-12%
5 Years:	22%
3 Years:	29%
TTM:	32%

Stock Price CAGR
10 Years:	15%
5 Years:	35%
3 Years:	95%
1 Year:	247%

Return on Equity
10 Years:	-1%
5 Years:	-2%
3 Years:	0%
Last Year:	1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2011	Sep 2012	Sep 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	8.60	8.60	8.60	8.60	8.60	8.60	8.60	8.60	8.60	8.60	8.60	8.60	8.60
Reserves	153.45	155.58	157.25	158.54	153.33	141.18	141.85	143.86	145.20	145.56	158.39	159.56	160.35
	90.01	89.74	104.05	171.07	139.97	137.96	133.92	130.27	122.64	100.68	106.09	138.06	89.57
	88.42	85.19	117.85	80.54	102.44	87.03	87.06	75.11	87.94	106.23	119.69	131.23	159.57
Total Liabilities	340.48	339.11	387.75	418.75	404.34	374.77	371.43	357.84	364.38	361.07	392.77	437.45	418.09
	13.54	13.33	13.71	13.03	11.56	10.99	10.31	8.48	6.91	6.64	8.20	8.20	8.25
CWIP	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
Investments	10.22	10.21	16.95	19.93	19.50	11.79	23.65	12.18	10.66	22.62	40.24	40.95	40.98
	316.72	315.57	357.09	385.79	373.28	351.99	337.47	337.18	346.81	331.81	344.33	388.30	368.86
Total Assets	340.48	339.11	387.75	418.75	404.34	374.77	371.43	357.84	364.38	361.07	392.77	437.45	418.09

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2011	Sep 2012	Sep 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	28.18	31.80	-16.74	-30.58	18.50	6.34	25.07	-40.07	9.88	-12.45	59.09	-16.16
	7.10	6.34	4.28	3.55	12.00	22.78	1.31	41.43	25.07	2.20	-9.05	18.51
	-41.89	-33.18	13.50	42.48	-50.82	-30.81	-21.81	-6.56	-23.01	-0.72	-49.37	14.95
Net Cash Flow	-6.61	4.96	1.04	15.45	-20.32	-1.69	4.57	-5.20	11.94	-10.96	0.67	17.30

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2011	Sep 2012	Sep 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	232.12	170.38	507.45	245.14	340.80	482.69	702.42	447.32	1,691.94	453.98	309.59	388.82
Inventory Days		3,937.10			1,025.11		7,552.31			3,342.42	2,163.77
Days Payable		1,347.78			324.20		2,609.85			1,755.65	1,953.34
Cash Conversion Cycle	232.12	2,759.70	507.45	245.14	1,041.72	482.69	5,644.88	447.32	1,691.94	2,040.74	520.01	388.82
Working Capital Days	663.03	409.06	927.91	681.94	519.69	754.94	745.13	709.19	2,581.74	519.24	62.36	310.85
ROCE %	4.16%	5.46%	4.72%	4.73%	1.89%	5.44%	5.30%	4.46%	2.75%	2.58%	2.83%	6.90%

Shareholding Pattern

Numbers in percentages

2 Recently

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	42.87%	42.87%	42.87%	42.87%	42.87%	42.87%	42.87%	42.87%	42.87%	42.87%	42.87%	42.87%
	8.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	48.39%	57.13%	57.13%	57.13%	57.13%	57.13%	57.14%	57.14%	57.14%	57.14%	57.14%	57.13%
No. of Shareholders	2,415	2,618	2,704	3,684	3,606	3,511	3,270	3,215	3,156	2,989	3,149	3,136

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Dec 2023
	42.87%	39.96%	42.87%	42.87%	42.87%	42.87%	42.87%	42.87%
	11.50%	11.50%	11.50%	9.58%	8.74%	0.00%	0.00%	0.00%
	45.63%	48.54%	45.63%	47.55%	48.39%	57.13%	57.14%	57.13%
No. of Shareholders	2,150	2,059	2,116	2,327	2,415	3,606	3,156	3,136

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Arihant Foundations & Housing Ltd

Arihant Foundations & Housing Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports