Arihant Academy Ltd
Incorporated in 1998, Arihant Academy Ltd runs premium coaching classes in Mumbai for SSC, ICSE, CBSE, Science
& Commerce[1]
- Market Cap ₹ 279 Cr.
- Current Price ₹ 460
- High / Low ₹ 555 / 250
- Stock P/E 30.6
- Book Value ₹ 55.4
- Dividend Yield 0.22 %
- 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
Cons
- Stock is trading at 8.30 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% | 0.00% |
| 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: | 65% |
| 1 Year: | 77% |
| 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 | ||
| -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 | |
| Free Cash Flow | -0.74 | 1.50 | 1.76 | -1.34 | 3.28 | -2.54 | |
| CFO/OP | 7% | 104% | 87% | 27% | 493% | 131% |
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 1998 | Mar 2001 | Mar 2003 | Mar 2007 | Mar 2008 | Mar 2013 | Mar 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Student Enrollment Number of Students |
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| Number of Operating Centers Centers |
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| Total Permanent Employees (on rolls) Number of Employees |
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| Total Teaching and Non-Teaching Staff Number of Staff |
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Extracted by Screener AI
Documents
Announcements
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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.
-
Updates
20 May 2026 - Supplementary agreement with ZEAL raises profit-sharing and voting rights to 51% from April 1, 2026.
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Disclosure under SEBI Takeover Regulations
29 April 2026 - Promoter disclosed no encumbrance on company shares for FY ended 31 March 2026.
-
Updates
28 April 2026 - Arihant Academy won ET Maharashtra Business Awards 2026 for excellence in coaching and competitive preparations.
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.