Arihant Capital Markets Ltd

₹ 56.6 -4.95%
27 Jan - close price
About

Arihant Capital Markets Limited is a financial services company offering capital market broking, merchant banking and other financial services. [1]

Key Points

Products and Services
Investment Solutions: Equities, derivatives, commodity and currency broking, mutual funds, fixed income, gold and national pension schemes.
Corporate Solutions: Investment services, merchant banking and investment banking services, depository services and equity research.
HNI Investment Services: Arihant platinum, portfolio management services and financial planning services.
NRI services - Investment across asset classes and platforms, depository services, PMS and financial planning. [1]

  • Market Cap 590 Cr.
  • Current Price 56.6
  • High / Low 99.0 / 50.4
  • Stock P/E 14.2
  • Book Value 21.7
  • Dividend Yield 0.53 %
  • ROCE 26.9 %
  • ROE 25.9 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 25.9% CAGR over last 5 years

Cons

  • Company has high debtors of 541 days.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
21 19 19 20 28 28 34 36 38 42 37 34 38
11 11 12 11 16 14 20 20 21 26 21 21 22
Operating Profit 10 8 6 9 11 14 14 16 17 17 16 12 16
OPM % 48% 40% 34% 44% 41% 50% 41% 45% 45% 39% 43% 37% 43%
0 0 0 0 0 0 0 0 0 1 8 0 0
Interest 2 2 2 1 1 1 1 1 1 2 2 2 2
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 8 6 5 8 10 13 13 15 15 15 22 10 14
Tax % 24% 31% 13% 24% 22% 27% 13% 22% 22% 17% 19% 30% 22%
Net Profit 6 4 4 6 8 10 11 12 12 13 18 7 11
EPS in Rs 0.56 0.38 0.39 0.57 0.75 0.92 1.10 1.12 1.15 1.23 1.71 0.67 1.07
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
54 36 35 35 49 45 77 94 80 79 109 161 150
40 31 28 27 35 33 42 52 47 47 60 86 89
Operating Profit 14 5 7 8 14 13 35 42 32 32 49 75 61
OPM % 25% 13% 19% 23% 28% 28% 45% 45% 40% 41% 45% 47% 41%
0 0 1 -2 0 0 0 0 0 0 0 0 9
Interest 1 1 2 1 3 3 12 13 9 8 4 7 7
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 11 3 4 3 10 9 22 29 22 23 44 68 62
Tax % 31% 32% 28% 25% 30% 34% 34% 30% 30% 24% 21% 20%
Net Profit 8 2 3 3 7 6 15 20 16 18 35 54 49
EPS in Rs 0.76 0.19 0.25 0.24 0.68 0.58 1.43 1.92 1.49 1.71 3.34 5.19 4.68
Dividend Payout % 20% 54% 59% 62% 11% 26% 10% 8% 10% 12% 6% 6%
Compounded Sales Growth
10 Years: 16%
5 Years: 16%
3 Years: 26%
TTM: 11%
Compounded Profit Growth
10 Years: 37%
5 Years: 26%
3 Years: 45%
TTM: -7%
Stock Price CAGR
10 Years: 31%
5 Years: 11%
3 Years: 84%
1 Year: 9%
Return on Equity
10 Years: 19%
5 Years: 22%
3 Years: 23%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 40 40 41 42 46 51 65 84 98 114 147 197 215
0 11 0 0 0 0 8 91 98 35 48 78 92
39 37 31 31 31 33 55 61 70 138 217 267 248
Total Liabilities 89 99 83 83 88 93 140 247 276 297 422 553 565
7 12 10 10 8 8 8 10 10 9 9 10 14
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 15 20 18 18 25 12 29 16 29 21 23 29 33
68 67 55 56 54 73 103 220 238 266 390 514 519
Total Assets 89 99 83 83 88 93 140 247 276 297 422 553 565

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
8 7 2 9 4 -8 4 -38 8 117 -31 -21
-7 -12 2 0 -8 12 -17 11 -4 -2 -4 9
-6 9 -12 -2 -2 -4 8 81 -4 -72 9 22
Net Cash Flow -4 5 -8 7 -6 1 -4 54 0 43 -26 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 154 234 216 99 142 203 295 449 587 297 482 541
Inventory Days
Days Payable
Cash Conversion Cycle 154 234 216 99 142 203 295 449 587 297 482 541
Working Capital Days 6 -29 -22 -76 -23 108 121 324 339 -199 -168 22
ROCE % 25% 7% 11% 15% 24% 20% 47% 31% 16% 17% 27% 27%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
74.06 74.06 74.24 74.57 74.57 74.57 74.57 74.57 74.57 74.57 74.12 74.12
0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.32 0.33 0.38 0.53 0.38
25.94 25.94 25.76 25.43 25.43 25.43 25.38 25.10 25.09 25.05 25.34 25.51

* 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.

Click on the line-items to see the names of individual entities.

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