Arihant Capital Markets Ltd

Arihant Capital Markets Ltd

₹ 69.4 -1.28%
23 Feb - 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 722 Cr.
  • Current Price 69.4
  • High / Low 84.4 / 33.0
  • Stock P/E 15.1
  • Book Value 26.8
  • Dividend Yield 0.58 %
  • ROCE 15.9 %
  • ROE 11.9 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Promoter holding has decreased over last quarter: -1.46%
  • The company has delivered a poor sales growth of 6.10% over past five years.
  • Contingent liabilities of Rs.263 Cr.
  • Company has high debtors of 459 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
29 38 38 40 48 44 35 40 34 29 43 56 73
16 23 21 23 30 24 22 22 21 24 25 35 43
Operating Profit 13 15 16 17 18 20 13 18 13 6 17 21 29
OPM % 46% 40% 43% 43% 38% 46% 37% 45% 37% 20% 41% 38% 41%
0 1 0 0 -0 0 0 1 0 0 1 0 1
Interest 1 1 1 1 2 2 2 2 3 3 2 2 4
Depreciation 0 0 0 0 0 0 0 0 1 1 1 1 1
Profit before tax 12 15 15 16 16 18 11 16 10 3 15 19 26
Tax % 27% 13% 22% 20% 20% 29% 30% 22% 27% 28% 24% 23% 24%
9 13 12 12 13 13 7 13 7 2 12 15 20
EPS in Rs 0.86 1.22 1.14 1.20 1.26 1.24 0.72 1.21 0.69 0.19 1.11 1.41 1.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
69 50 46 62 56 87 102 93 91 116 170 138 201
60 40 34 41 39 48 58 58 58 67 97 86 127
Operating Profit 9 11 11 20 17 39 44 35 33 49 73 51 74
OPM % 12% 21% 25% 33% 30% 45% 43% 38% 36% 42% 43% 37% 37%
0 1 -4 0 0 0 0 1 0 0 0 1 2
Interest 1 2 1 3 3 13 14 11 9 4 7 11 11
Depreciation 1 1 1 1 1 1 1 1 1 1 1 2 2
Profit before tax 6 8 5 16 13 25 30 24 23 44 65 39 63
Tax % 32% 30% 26% 31% 33% 33% 31% 31% 24% 21% 23% 26%
4 6 4 11 9 17 21 17 17 35 50 29 48
EPS in Rs 0.40 0.53 0.35 1.06 0.82 1.60 1.99 1.61 1.68 3.33 4.84 2.80 4.59
Dividend Payout % 25% 28% 42% 14% 18% 9% 8% 9% 12% 6% 6% 14%
Compounded Sales Growth
10 Years: 11%
5 Years: 6%
3 Years: 15%
TTM: 32%
Compounded Profit Growth
10 Years: 18%
5 Years: 7%
3 Years: 18%
TTM: 20%
Stock Price CAGR
10 Years: 37%
5 Years: 46%
3 Years: 64%
1 Year: 55%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 19%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 52 56 58 66 73 90 108 124 139 172 218 246 268
7 0 0 0 0 8 95 109 41 56 82 60 122
63 50 53 62 57 91 95 99 144 223 267 206 343
Total Liabilities 133 116 121 139 140 200 309 343 335 461 579 522 744
17 17 22 11 18 19 21 21 21 20 12 14 14
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 13 10 10 13 0 15 3 15 8 16 26 19 20
102 89 90 115 122 165 285 306 307 425 541 489 710
Total Assets 133 116 121 139 140 200 309 343 335 461 579 522 744

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
16 2 14 1 -13 14 -46 -4 118 -32 -18 15
-17 2 -5 6 5 -16 16 -4 -2 -7 13 -0
5 -8 -2 -2 -4 8 85 3 -77 10 18 -32
Net Cash Flow 4 -4 8 6 -12 6 54 -5 38 -28 13 -17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 159 189 175 164 179 282 417 503 303 478 421 459
Inventory Days 169 1,136
Days Payable 714 2,291
Cash Conversion Cycle -386 189 175 164 179 -873 417 503 303 478 421 459
Working Capital Days -54 -52 -137 -40 115 113 296 312 -32 -72 -53 -38
ROCE % 12% 15% 16% 27% 20% 40% 27% 15% 15% 22% 27% 16%

Shareholding Pattern

Numbers in percentages

14 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.57% 74.57% 74.57% 74.57% 74.57% 74.57% 74.12% 74.12% 74.12% 74.12% 71.64% 70.18%
0.00% 0.00% 0.05% 0.32% 0.33% 0.38% 0.53% 0.38% 0.38% 0.21% 0.06% 0.06%
25.43% 25.43% 25.38% 25.10% 25.09% 25.05% 25.34% 25.51% 25.49% 25.67% 28.30% 29.76%
No. of Shareholders 4,8215,4699,5317,0777,62210,01210,81611,24911,45811,98813,21914,753

* 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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