Arihant Academy Ltd
Incorporated in 1998, Arihant Academy Ltd runs premium coaching classes in Mumbai for SSC, ICSE, CBSE, Science
& Commerce[1]
- Market Cap ₹ 315 Cr.
- Current Price ₹ 520
- High / Low ₹ 526 / 200
- Stock P/E 51.4
- Book Value ₹ 48.0
- Dividend Yield 0.19 %
- ROCE 24.9 %
- ROE 19.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 60.3% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 17.6%
Cons
- Stock is trading at 10.8 times its book value
- Promoter holding has decreased over last quarter: -1.90%
- Earnings include an other income of Rs.3.47 Cr.
* 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 Services Other Consumer Services Education
Quarterly 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 19.21 | 14.08 | 15.20 | 23.12 | 30.32 | 40.52 | 51.05 | |
| 17.85 | 11.95 | 12.04 | 20.24 | 28.36 | 34.92 | 43.94 | |
| Operating Profit | 1.36 | 2.13 | 3.16 | 2.88 | 1.96 | 5.60 | 7.11 |
| OPM % | 7.08% | 15.13% | 20.79% | 12.46% | 6.46% | 13.82% | 13.93% |
| 0.01 | 0.02 | 0.11 | 0.38 | 1.23 | 2.02 | 3.47 | |
| Interest | 0.08 | 0.06 | 0.04 | 0.03 | 0.04 | 0.04 | 0.05 |
| Depreciation | 0.64 | 0.58 | 0.53 | 0.91 | 1.36 | 1.87 | 2.56 |
| Profit before tax | 0.65 | 1.51 | 2.70 | 2.32 | 1.79 | 5.71 | 7.97 |
| Tax % | 35.38% | 25.83% | 25.56% | 35.78% | 13.97% | 22.24% | |
| 0.42 | 1.13 | 2.01 | 1.49 | 1.55 | 4.45 | 6.13 | |
| EPS in Rs | 420.00 | 1,130.00 | 2,010.00 | 2.46 | 2.56 | 7.35 | 10.13 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 39.10% | 13.62% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 39% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 60% |
| 3 Years: | 30% |
| TTM: | 187% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 147% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 14% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 6.06 | 6.06 | 6.06 | 6.06 |
| Reserves | 1.78 | 2.90 | 4.92 | 13.60 | 15.15 | 18.99 | 22.99 |
| 0.90 | 0.49 | 1.28 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 5.46 | 4.89 | 4.84 | 8.39 | 13.73 | 18.35 | 24.48 | |
| Total Liabilities | 8.15 | 8.29 | 11.05 | 28.05 | 34.94 | 43.40 | 53.53 |
| 3.17 | 2.91 | 2.67 | 2.28 | 4.97 | 9.93 | 19.17 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.93 | 2.54 | 0.33 |
| Investments | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 9.79 | 13.81 |
| 4.97 | 5.37 | 8.37 | 25.77 | 29.04 | 21.14 | 20.22 | |
| Total Assets | 8.15 | 8.29 | 11.05 | 28.05 | 34.94 | 43.40 | 53.53 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -0.09 | 1.81 | 2.06 | -0.03 | 8.25 | 5.91 | |
| -0.65 | -1.17 | -0.30 | -0.13 | -3.58 | -16.89 | |
| -0.81 | -0.47 | 0.79 | 12.29 | -0.01 | -0.63 | |
| Net Cash Flow | -1.55 | 0.17 | 2.55 | 12.13 | 4.67 | -11.61 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 30.97 | 18.66 | 0.00 | 6.47 | 0.72 | 6.94 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 30.97 | 18.66 | 0.00 | 6.47 | 0.72 | 6.94 |
| Working Capital Days | -55.48 | -72.59 | -116.46 | -41.52 | -126.52 | -104.22 |
| ROCE % | 51.56% | 57.02% | 24.28% | 8.96% | 24.86% |
Documents
Announcements
-
Outcome of Board Meeting
11 November 2025 - Board approved unaudited H1 results (30 Sep 2025); consolidated net profit Rs 400.77 lakh.
-
Updates
8 November 2025 - MOU to launch Certificate Program in Financial Technology and Analytics with Nankani's and NSE Academy; Ahmedabad expansion.
-
Updates
1 November 2025 - Opened 39th study centre at Kavesar, Thane on 01-Nov-2025; offers school, science and commerce coaching.
-
Updates
1 November 2025 - Engaged NSE Academy for 12-month YIAP CIA pathway program, blended format; minimum 30 students per batch.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 October 2025 - Reg.74(5) certificate: all shares in demat; no rematerialisation/dematerialisation requests for quarter ended 30 Sep 2025.
Business Overview:[1]
AAL is a leading educational institution in Mumbai, Maharashtra, offering coaching services for students from Class 8 to 12 across various boards, with specialized programs for Science and Commerce streams. It also prepares students for competitive exams through its 20+ coaching centers, serving around 10,000 students with a hybrid teaching model that blends traditional classroom instruction with digital learning.