Arihant Capital Markets Ltd

₹ 67.0 2.05%
25 Nov - close price
arihantcapital.com BSE: 511605 NSE : ARIHANTCAP
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]

Website BSE NSE
  • Market Cap ₹ 698 Cr.
  • Current Price ₹ 67.0
  • High / Low ₹ 99.0 / 26.7
  • Stock P/E 15.1
  • Book Value ₹ 23.9
  • Dividend Yield 0.45 %
  • ROCE 26.6 %
  • ROE 24.7 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 24.9% CAGR over last 5 years

Cons

  • Company has high debtors of 513 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.

Peer comparison

Sector: Stock/ Commodity Brokers Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
24 22 20 20 29 29 38 38 40 48 44 35 40
13 14 16 12 17 16 23 21 23 30 24 22 22
Operating Profit 11 8 4 8 11 13 15 16 17 18 20 13 18
OPM % 45% 37% 19% 39% 39% 46% 40% 43% 43% 38% 46% 37% 45%
0 0 0 0 0 0 1 0 0 -0 0 0 1
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 2 7 10 12 15 15 16 16 18 11 16
Tax % 25% 30% -6% 29% 19% 27% 13% 22% 20% 20% 29% 30% 22%
Net Profit 6 4 2 5 8 9 13 12 12 13 13 7 13
EPS in Rs 0.61 0.41 0.21 0.47 0.78 0.86 1.22 1.14 1.20 1.26 1.24 0.72 1.21
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
64 69 50 46 62 56 87 102 93 91 116 170 167
47 60 40 34 41 39 48 58 58 58 67 97 97
Operating Profit 18 9 11 11 20 17 39 44 35 33 49 73 69
OPM % 27% 12% 21% 25% 33% 30% 45% 43% 38% 36% 42% 43% 42%
0 0 1 -4 0 0 0 0 1 0 0 0 1
Interest 1 1 2 1 3 3 13 14 11 9 4 7 8
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 15 6 8 5 16 13 25 30 24 23 44 65 61
Tax % 31% 32% 30% 26% 31% 33% 33% 31% 31% 24% 21% 23%
Net Profit 10 4 6 4 11 9 17 21 17 17 35 50 46
EPS in Rs 1.00 0.40 0.53 0.35 1.06 0.82 1.60 1.99 1.61 1.68 3.33 4.84 4.43
Dividend Payout % 15% 25% 28% 42% 14% 18% 9% 8% 9% 12% 6% 6%
Compounded Sales Growth
10 Years: 9%
5 Years: 14%
3 Years: 22%
TTM: 15%
Compounded Profit Growth
10 Years: 28%
5 Years: 25%
3 Years: 45%
TTM: 1%
Stock Price CAGR
10 Years: 33%
5 Years: 14%
3 Years: 91%
1 Year: 139%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 20%
Last Year: 25%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 49 52 56 58 66 73 90 108 124 139 172 218 239
0 7 0 0 0 0 8 95 109 41 56 82 98
59 63 50 53 62 57 91 95 99 144 223 267 248
Total Liabilities 119 133 116 121 139 140 200 309 343 335 461 579 596
7 17 17 22 11 18 19 21 21 21 20 12 14
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 7 13 10 10 13 0 15 3 15 8 16 26 43
105 102 89 90 115 122 165 285 306 307 425 541 539
Total Assets 119 133 116 121 139 140 200 309 343 335 461 579 596

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
9 16 2 14 1 -13 14 -46 -4 118 -32 -18
-4 -17 2 -5 6 5 -16 16 -4 -2 -7 13
-5 5 -8 -2 -2 -4 8 85 3 -77 10 18
Net Cash Flow -0 4 -4 8 6 -12 6 54 -5 38 -28 13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 191 159 189 175 164 179 282 417 503 303 478 513
Inventory Days 169 1,136
Days Payable 714 2,291
Cash Conversion Cycle 191 -386 189 175 164 179 -873 417 503 303 478 513
Working Capital Days -1 -54 -52 -137 -40 115 113 296 312 -32 -72 39
ROCE % 29% 12% 15% 16% 27% 20% 40% 27% 15% 15% 22% 27%

Shareholding Pattern

Numbers in percentages

1 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
74.06 74.06 74.06 74.24 74.57 74.57 74.57 74.57 74.57 74.57 74.57 74.12
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.32 0.33 0.38 0.53
0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
25.92 25.94 25.94 25.76 25.43 25.43 25.43 25.38 25.10 25.09 25.05 25.34

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