Arihant Academy Ltd
Incorporated in 1998, Arihant Academy Ltd runs premium coaching classes in Mumbai for SSC, ICSE, CBSE, Science
& Commerce[1]
- Market Cap ₹ 240 Cr.
- Current Price ₹ 198
- High / Low ₹ 278 / 183
- Stock P/E 25.0
- Book Value ₹ 30.4
- Dividend Yield 0.51 %
- ROCE 42.7 %
- ROE 31.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 51.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 22.0%
Cons
- Debtor days have increased from 16.4 to 41.6 days.
- Promoter holding has decreased over last 3 years: -8.26%
* 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
Part of Nifty SME Emerge
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 19.21 | 14.08 | 15.20 | 23.12 | 30.32 | 40.56 | 63.43 | 68.11 | |
| Sales growth | -26.70% | +7.95% | +52.11% | +31.14% | +33.77% | +56.39% | -8.52% | |
| 17.85 | 11.95 | 12.04 | 20.24 | 28.36 | 34.97 | 49.32 | 53.44 | |
| Operating Profit | 1.36 | 2.13 | 3.16 | 2.88 | 1.96 | 5.59 | 14.11 | 14.67 |
| OPM % | 7.08% | 15.13% | 20.79% | 12.46% | 6.46% | 13.78% | 22.24% | 21.54% |
| 0.01 | 0.02 | 0.11 | 0.38 | 1.23 | 2.02 | 1.51 | 1.92 | |
| Interest | 0.08 | 0.06 | 0.04 | 0.03 | 0.04 | 0.03 | 0.05 | 0.00 |
| Depreciation | 0.64 | 0.58 | 0.53 | 0.91 | 1.36 | 1.87 | 3.10 | 3.74 |
| Profit before tax | 0.65 | 1.51 | 2.70 | 2.32 | 1.79 | 5.71 | 12.47 | 12.85 |
| Tax % | 35.38% | 25.83% | 25.56% | 35.78% | 13.97% | 22.24% | 26.94% | |
| 0.42 | 1.13 | 2.01 | 1.49 | 1.55 | 4.45 | 9.11 | 9.59 | |
| EPS in Rs | 1.23 | 1.28 | 3.68 | 7.53 | 7.91 | |||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 39.10% | 13.62% | 13.30% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 40% |
| TTM: | -9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 52% |
| 3 Years: | 66% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 55% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 21% |
| Last Year: | 31% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 6.06 | 6.06 | 6.06 | 6.06 | 6.06 |
| Reserves | 1.78 | 2.90 | 4.92 | 13.60 | 15.15 | 18.99 | 27.49 | 30.77 |
| 0.90 | 0.49 | 1.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 5.46 | 4.89 | 4.84 | 8.39 | 13.73 | 18.35 | 23.82 | 33.33 | |
| Total Liabilities | 8.15 | 8.29 | 11.05 | 28.05 | 34.94 | 43.40 | 57.37 | 70.16 |
| 3.17 | 2.91 | 2.67 | 2.28 | 4.97 | 9.93 | 19.68 | 23.17 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.93 | 2.54 | 3.37 | 0.80 |
| Investments | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 9.79 | 9.86 | 11.65 |
| 4.97 | 5.37 | 8.37 | 25.77 | 29.04 | 21.14 | 24.46 | 34.54 | |
| Total Assets | 8.15 | 8.29 | 11.05 | 28.05 | 34.94 | 43.40 | 57.37 | 70.16 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -0.09 | 1.81 | 2.06 | -0.03 | 8.25 | 5.91 | 10.39 | |
| -0.65 | -1.17 | -0.30 | -0.13 | -3.58 | -16.89 | -12.96 | |
| -0.81 | -0.47 | 0.79 | 12.29 | -0.01 | -0.63 | -0.65 | |
| Net Cash Flow | -1.55 | 0.17 | 2.55 | 12.13 | 4.67 | -11.61 | -3.23 |
| Free Cash Flow | -0.74 | 1.50 | 1.76 | -1.34 | 3.28 | -2.54 | -3.29 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 7% | 104% | 87% | 27% | 493% | 131% | 100% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 30.97 | 18.66 | 0.00 | 6.47 | 0.72 | 6.93 | 41.60 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 30.97 | 18.66 | 0.00 | 6.47 | 0.72 | 6.93 | 41.60 |
| Working Capital Days | -55.48 | -72.59 | -116.46 | -41.52 | -126.52 | -104.12 | -60.19 |
| ROCE % | 51.56% | 57.02% | 24.28% | 8.96% | 24.82% | 42.73% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Number of Operating Centres centres |
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| Number of Students Enrolled students |
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| Permanent Employees employees |
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Extracted by Screener AI
Documents
Announcements
-
Updates
- Board approved H1 FY26 results and two coaching business acquisitions totaling ₹81 lakh, effective 1 April 2027.
-
Updates
- Opened 3rd Ahmedabad study centre in Memnagar, Gujarat for IIT-JEE, NEET and state entrance coaching.
-
Updates
- Board approved H1 FY2026-27 results and acquisition of Arihant Tutorials, Rajguru Academy for ₹81 lakh.
-
Outcome of Board Meeting
- Board approved H1 FY27 results and two coaching business acquisitions for ₹81 lakh effective 1 April 2027.
-
General Updates
- Opened 2nd Ahmedabad study centre at Bodakdev, Gujarat, expanding Science coaching offerings.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
-
Annual Report 2023
from nse
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.