Arihant Superstructures Ltd

Arihant Superstructures Ltd

₹ 265 -0.04%
27 Feb - close price
About

Incorporated in 1994, Arihant Superstructures Ltd is in the business of real estate
development[1]

Key Points

Business Overview:[1]
a) ASL is a real estate player in affordable and mid-income housing segment in the MMR region
b) It has recently ventured into premium luxury real estate segment to develop Villa projects, a hotel and a sports gymkhana
c) Company has expertise in land acquisition & procurement, liaison, design & engineering, EPC and marketing & sales
d) Company enters into JD, JV, and DM arrangements in the mid-income segment to remain Asset-Light with ~19% of Ongoing development area on asset-light model

  • Market Cap 1,146 Cr.
  • Current Price 265
  • High / Low 468 / 248
  • Stock P/E 779
  • Book Value 58.6
  • Dividend Yield 0.57 %
  • ROCE 5.07 %
  • ROE 8.87 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 21.5%

Cons

  • Stock is trading at 4.52 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 10.5% over last 3 years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 97.4 to 138 days.
  • Promoter holding has decreased over last 3 years: -3.61%

* 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

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
15.89 8.38 36.74 32.59 25.27 17.79 19.85 24.16 61.90 14.85 7.46 13.17 26.72
10.63 7.88 29.34 24.31 20.43 18.30 20.43 19.50 43.57 14.91 1.29 6.88 18.62
Operating Profit 5.26 0.50 7.40 8.28 4.84 -0.51 -0.58 4.66 18.33 -0.06 6.17 6.29 8.10
OPM % 33.10% 5.97% 20.14% 25.41% 19.15% -2.87% -2.92% 19.29% 29.61% -0.40% 82.71% 47.76% 30.31%
1.63 1.78 1.74 1.59 1.44 1.44 1.00 0.59 0.09 1.28 0.48 0.54 0.23
Interest 2.18 3.73 0.48 0.37 0.31 0.25 0.24 0.14 0.18 4.35 6.37 6.05 7.83
Depreciation 0.10 0.10 0.10 0.10 0.10 0.09 0.10 0.10 0.13 0.18 0.21 0.24 0.28
Profit before tax 4.61 -1.55 8.56 9.40 5.87 0.59 0.08 5.01 18.11 -3.31 0.07 0.54 0.22
Tax % -51.19% -1.29% 11.33% -0.11% -0.51% 94.92% 50.00% 13.17% 21.87% -128.40% 14.29% 37.04% 40.91%
6.97 -1.52 7.58 9.41 5.90 0.03 0.04 4.35 14.15 0.94 0.06 0.34 0.13
EPS in Rs 1.69 -0.37 1.84 2.29 1.43 0.01 0.01 1.06 3.44 0.23 0.01 0.08 0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
48.34 58.63 83.08 128.79 105.06 67.72 58.78 105.40 151.17 74.83 112.40 120.75 62.20
44.21 45.70 58.16 82.78 84.47 55.86 54.03 92.98 106.25 55.38 92.41 98.39 41.70
Operating Profit 4.13 12.93 24.92 46.01 20.59 11.86 4.75 12.42 44.92 19.45 19.99 22.36 20.50
OPM % 8.54% 22.05% 30.00% 35.72% 19.60% 17.51% 8.08% 11.78% 29.71% 25.99% 17.78% 18.52% 32.96%
7.98 6.13 4.38 2.44 2.15 2.90 2.36 1.79 3.15 6.37 6.21 2.96 2.53
Interest 7.56 4.20 3.56 7.59 6.30 11.73 7.75 9.61 1.55 7.01 1.40 4.91 24.60
Depreciation 0.35 0.53 0.60 0.58 0.62 0.71 0.79 0.74 0.43 0.39 0.39 0.52 0.91
Profit before tax 4.20 14.33 25.14 40.28 15.82 2.32 -1.43 3.86 46.09 18.42 24.41 19.89 -2.48
Tax % 33.57% 32.17% 31.90% 33.91% 34.64% -4.31% -1.40% -1.04% 13.17% -0.27% 6.15% 2.06%
2.80 9.72 17.13 26.62 10.34 2.43 -1.42 3.90 40.01 18.47 22.92 19.48 1.47
EPS in Rs 0.68 2.36 4.16 6.47 2.51 0.59 -0.34 0.95 9.72 4.49 5.57 4.73 0.35
Dividend Payout % 36.75% 12.70% 21.63% 15.46% 19.90% 84.69% 0.00% 0.00% 0.00% 11.14% 21.55% 31.69%
Compounded Sales Growth
10 Years: 7%
5 Years: 15%
3 Years: -7%
TTM: -50%
Compounded Profit Growth
10 Years: 7%
5 Years: 73%
3 Years: -22%
TTM: -92%
Stock Price CAGR
10 Years: 16%
5 Years: 46%
3 Years: 9%
1 Year: -33%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 11%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 43.25
Reserves 24.58 32.82 50.61 77.22 78.88 72.78 71.36 77.21 116.65 135.14 167.02 185.38 210.21
40.80 37.13 62.40 77.70 79.80 83.13 95.70 18.67 6.71 97.76 212.29 321.80 384.44
65.09 86.16 99.64 81.55 87.72 61.07 76.57 88.92 94.09 93.41 74.87 148.79 187.53
Total Liabilities 171.63 197.27 253.81 277.63 287.56 258.14 284.79 225.96 258.61 367.47 495.34 697.13 825.43
2.57 2.07 2.68 5.16 3.97 2.84 5.22 4.80 4.77 4.46 4.39 44.75 46.36
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.48 11.88
Investments 1.14 1.10 5.23 0.22 0.22 0.23 0.22 0.08 0.08 0.08 0.09 5.08 5.20
167.92 194.10 245.90 272.25 283.37 255.07 279.35 221.08 253.76 362.93 490.86 643.82 761.99
Total Assets 171.63 197.27 253.81 277.63 287.56 258.14 284.79 225.96 258.61 367.47 495.34 697.13 825.43

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
31.12 -0.73 0.67 -6.43 9.33 9.45 -4.71 85.81 7.66 -88.39 -126.31 -130.62
6.63 6.06 3.75 2.22 1.00 1.63 0.42 1.50 2.43 5.89 5.56 -20.68
-34.30 -9.05 -5.31 3.91 -9.01 -10.73 4.82 -86.64 -13.51 84.04 122.03 152.54
Net Cash Flow 3.45 -3.72 -0.89 -0.29 1.31 0.34 0.53 0.68 -3.42 1.54 1.28 1.24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 14.20 23.41 32.91 73.54 153.73 92.11 104.63 47.62 54.86 92.38 61.93 137.75
Inventory Days 2,822.31 1,232.29 7,416.00 10,129.04 6,953.77 2,241.92 1,491.99
Days Payable 222.88 73.80 789.31 940.71 1,094.17 412.54 449.32
Cash Conversion Cycle 2,613.63 23.41 1,191.40 73.54 6,780.42 9,280.44 5,964.24 1,876.99 1,097.53 92.38 61.93 137.75
Working Capital Days 572.95 383.05 532.43 432.96 579.95 740.35 939.95 432.01 289.81 1,051.10 1,049.70 1,443.16
ROCE % 9.91% 17.03% 21.71% 27.33% 11.17% 7.08% 3.12% 7.80% 31.58% 11.60% 7.43% 5.07%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 71.10% 71.10% 71.10%
0.69% 0.65% 0.56% 0.00% 0.00% 0.03% 0.02% 0.31% 0.18% 0.17% 0.18% 0.22%
1.39% 0.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.03%
23.21% 24.12% 24.74% 25.28% 25.28% 25.25% 25.27% 24.97% 25.10% 28.71% 28.70% 28.65%
No. of Shareholders 6,4916,8307,0146,6456,5066,4407,6607,6847,8417,5657,2397,000

* 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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