Arihant Academy Ltd
Incorporated in 1998, Arihant Academy Ltd runs premium coaching classes in Mumbai for SSC, ICSE, CBSE, Science
& Commerce[1]
- Market Cap ₹ 285 Cr.
- Current Price ₹ 470
- High / Low ₹ 555 / 275
- Stock P/E 31.2
- Book Value ₹ 55.4
- Dividend Yield 0.21 %
- ROCE 42.7 %
- ROE 31.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- 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
- Stock is trading at 8.48 times its book value
- 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 | |
|---|---|---|---|---|---|---|---|
| 19.21 | 14.08 | 15.20 | 23.12 | 30.32 | 40.52 | 63.43 | |
| 17.85 | 11.95 | 12.04 | 20.24 | 28.36 | 34.92 | 49.34 | |
| Operating Profit | 1.36 | 2.13 | 3.16 | 2.88 | 1.96 | 5.60 | 14.09 |
| OPM % | 7.08% | 15.13% | 20.79% | 12.46% | 6.46% | 13.82% | 22.21% |
| 0.01 | 0.02 | 0.11 | 0.38 | 1.23 | 2.02 | 1.51 | |
| Interest | 0.08 | 0.06 | 0.04 | 0.03 | 0.04 | 0.04 | 0.03 |
| Depreciation | 0.64 | 0.58 | 0.53 | 0.91 | 1.36 | 1.87 | 3.10 |
| Profit before tax | 0.65 | 1.51 | 2.70 | 2.32 | 1.79 | 5.71 | 12.47 |
| 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 | |
| EPS in Rs | 420.00 | 1,130.00 | 2,010.00 | 2.46 | 2.56 | 7.35 | 15.04 |
| 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: | 57% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 52% |
| 3 Years: | 66% |
| TTM: | 105% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 70% |
| 1 Year: | 71% |
| 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 | |
|---|---|---|---|---|---|---|---|
| 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 | 27.49 |
| 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 | 23.82 | |
| Total Liabilities | 8.15 | 8.29 | 11.05 | 28.05 | 34.94 | 43.40 | 57.37 |
| 3.17 | 2.91 | 2.67 | 2.28 | 4.97 | 9.93 | 19.68 | |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | 0.93 | 2.54 | 3.37 |
| Investments | 0.01 | 0.01 | 0.01 | -0.00 | -0.00 | 9.79 | 9.86 |
| 4.97 | 5.37 | 8.37 | 25.77 | 29.04 | 21.14 | 24.46 | |
| Total Assets | 8.15 | 8.29 | 11.05 | 28.05 | 34.94 | 43.40 | 57.37 |
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/OP | 7% | 104% | 87% | 27% | 493% | 131% | 100% |
Ratios
Standalone Figures in Rs. Crores / 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 | 6.94 | 41.60 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 30.97 | 18.66 | -0.00 | 6.47 | 0.72 | 6.94 | 41.60 |
| Working Capital Days | -55.48 | -72.59 | -116.46 | -41.52 | -126.52 | -104.22 | -40.91 |
| ROCE % | 51.56% | 57.02% | 24.28% | 8.96% | 24.86% | 42.67% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 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
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
11 July 2026 - Arihant Academy says corporate governance reporting is not applicable for quarter ended 30 June 2026.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
11 July 2026 - Regulation 74(5) certificate for quarter ended 30 June 2026; no rematerialisation requests received.
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Trading Window
29 June 2026 - Trading window closes from July 1, 2026 until 48 hours after June quarter results.
-
Outcome of Board Meeting
28 May 2026 - Arihant Academy approved FY26 audited results, 20% final dividend, and acquired 25.5% more stake in Zen Education.
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Outcome of Board Meeting
28 May 2026 - Board approved FY26 audited results, 20% final dividend, and 25.5% stake acquisition in Zen Education.
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.