Arihant Capital Markets Ltd

About

Arihant Capital Markets is engaged in the business of Securities brokerage services.

  • Market Cap 285 Cr.
  • Current Price 137
  • High / Low 189 / 51.2
  • Stock P/E 6.89
  • Book Value 87.5
  • Dividend Yield 0.73 %
  • ROCE 22.3 %
  • ROE 20.9 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 32.25% CAGR over last 5 years

Cons

  • Contingent liabilities of Rs.131.32 Cr.
  • Company has high debtors of 478.26 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
22 19 24 22 24 22 20 20 29 29 38 38
15 15 14 15 13 14 16 12 17 16 23 21
Operating Profit 6 4 10 6 11 8 4 8 11 13 15 16
OPM % 30% 22% 41% 30% 45% 37% 19% 39% 39% 46% 40% 43%
Other Income 2 3 0 3 0 0 0 0 0 0 1 0
Interest 2 2 2 3 2 2 2 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 6 4 7 6 8 6 2 7 10 12 15 15
Tax % 25% 31% 32% 25% 25% 30% -6% 29% 19% 27% 13% 22%
Net Profit 4 3 5 5 6 4 2 5 8 9 13 12
EPS in Rs 2.15 1.30 2.39 2.25 3.03 2.07 1.05 2.35 3.89 4.30 6.12 5.71

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
64 64 69 50 46 62 56 87 102 93 91 116 133
43 47 60 40 34 41 39 48 58 58 58 67 77
Operating Profit 21 18 9 11 11 20 17 39 44 35 33 49 56
OPM % 32% 27% 12% 21% 25% 33% 30% 45% 43% 38% 36% 42% 42%
Other Income 0 0 0 1 -4 0 0 0 0 1 0 0 1
Interest 1 1 1 2 1 3 3 13 14 11 9 4 4
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 18 15 6 8 5 16 13 25 30 24 23 44 52
Tax % 39% 31% 32% 30% 26% 31% 33% 33% 31% 31% 24% 21%
Net Profit 11 10 4 6 4 11 9 17 21 17 17 35 42
EPS in Rs 5.33 4.99 2.01 2.65 1.77 5.32 4.11 8.02 9.93 8.04 8.40 16.65 20.02
Dividend Payout % 11% 15% 25% 28% 42% 14% 18% 9% 8% 9% 12% 6%
Compounded Sales Growth
10 Years:6%
5 Years:16%
3 Years:4%
TTM:54%
Compounded Profit Growth
10 Years:13%
5 Years:32%
3 Years:19%
TTM:134%
Stock Price CAGR
10 Years:18%
5 Years:16%
3 Years:26%
1 Year:143%
Return on Equity
10 Years:14%
5 Years:17%
3 Years:16%
Last Year:21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
7 10 10 10 10 10 10 10 10 10 10 10
Reserves 45 49 52 56 58 66 73 90 108 124 139 172
Borrowings 4 0 7 0 0 0 0 8 95 109 41 56
63 59 63 50 53 62 57 91 95 99 144 223
Total Liabilities 118 119 133 116 121 139 140 200 309 343 335 461
7 7 17 17 22 11 18 19 21 21 21 20
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 7 13 10 10 13 0 15 3 15 8 16
109 105 102 89 90 115 122 165 285 306 307 425
Total Assets 118 119 133 116 121 139 140 200 309 343 335 461

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-5 9 16 2 14 1 -13 14 -46 -4 118 -32
-2 -4 -17 2 -5 6 5 -16 16 -4 -2 -7
2 -5 5 -8 -2 -2 -4 8 85 3 -77 10
Net Cash Flow -4 -0 4 -4 8 6 -12 6 54 -5 38 -28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 278 191 159 189 175 164 179 282 417 503 303 478
Inventory Days 169 1,136
Days Payable 714 2,291
Cash Conversion Cycle 278 191 -386 189 175 164 179 -873 417 503 303 478
Working Capital Days 14 -1 -54 -52 -137 -40 115 113 296 312 -32 282
ROCE % 40% 29% 12% 15% 16% 27% 20% 40% 27% 15% 15% 22%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
74.06 74.06 74.06 74.06 74.06 74.06 74.06 74.06 74.24 74.57 74.57 74.57
0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 0.00
25.94 25.94 25.94 25.94 25.94 25.92 25.94 25.94 25.76 25.43 25.43 25.43

Documents