Arihant Superstructures Ltd

Arihant Superstructures Ltd

₹ 259 0.35%
27 May - 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 1,120 Cr.
  • Current Price 259
  • High / Low 468 / 188
  • Stock P/E 24.3
  • Book Value 84.0
  • Dividend Yield 0.58 %
  • ROCE 10.6 %
  • ROE 13.7 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.08 times its book value
  • Company has low interest coverage ratio.
  • 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
65 121 109 119 155 84 112 151 153 121 123 126 181
55 94 84 93 124 73 83 108 131 84 93 97 151
Operating Profit 10 27 25 26 31 11 29 43 22 37 30 29 30
OPM % 15% 23% 23% 22% 20% 13% 26% 28% 14% 31% 24% 23% 17%
1 0 0 0 1 0 1 1 2 2 1 1 1
Interest 9 6 6 7 6 8 9 9 14 17 17 18 15
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 2 21 19 19 25 3 20 33 10 21 13 11 15
Tax % 86% 18% 14% 17% 29% 23% 21% 24% -11% 25% 26% 25% 23%
0 17 16 16 17 2 16 25 11 16 10 8 12
EPS in Rs 0.05 4.20 3.90 3.79 4.24 0.48 3.88 6.18 2.74 3.68 2.30 1.91 2.75
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
108 122 185 188 239 233 270 331 389 510 499 551
83 87 122 151 186 190 222 261 312 397 395 424
Operating Profit 25 35 63 37 53 43 48 70 78 113 104 127
OPM % 23% 29% 34% 20% 22% 18% 18% 21% 20% 22% 21% 23%
2 1 2 1 4 5 2 2 2 1 5 5
Interest 6 4 10 15 32 30 28 21 26 26 40 68
Depreciation 1 1 1 1 2 2 2 2 2 2 2 3
Profit before tax 19 31 53 22 23 16 20 48 52 86 66 61
Tax % 40% 33% 32% 34% 19% 29% 21% 15% 18% 20% 17% 25%
11 21 36 15 18 11 16 41 43 69 55 46
EPS in Rs 2.46 4.63 7.97 3.05 3.15 1.33 2.71 10.04 10.37 16.82 13.28 10.65
Dividend Payout % 12% 19% 13% 16% 16% 0% 0% 0% 5% 7% 11% 2%
Compounded Sales Growth
10 Years: 16%
5 Years: 15%
3 Years: 12%
TTM: 10%
Compounded Profit Growth
10 Years: 9%
5 Years: 33%
3 Years: 3%
TTM: -16%
Stock Price CAGR
10 Years: 13%
5 Years: 28%
3 Years: 13%
1 Year: -29%
Return on Equity
10 Years: 18%
5 Years: 21%
3 Years: 20%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 41 41 41 41 41 41 41 41 41 41 41 43
Reserves 21 40 73 76 80 86 98 137 169 228 268 320
146 211 256 277 378 387 296 299 332 477 738 874
179 201 235 282 226 234 255 377 491 455 538 533
Total Liabilities 386 492 604 676 725 748 689 854 1,033 1,202 1,586 1,770
5 5 13 27 11 20 20 21 22 21 94 104
CWIP 0 0 0 0 0 0 0 0 0 0 4 21
Investments 1 5 0 0 0 0 0 0 0 0 0 0
380 482 591 648 715 728 668 834 1,011 1,181 1,488 1,644
Total Assets 386 492 604 676 725 748 689 854 1,033 1,202 1,586 1,770

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-14 -24 -30 14 -81 25 121 21 -12 -121 -178 -71
5 -15 -3 -15 18 -8 -1 -1 -2 -1 -80 -27
4 39 31 1 66 -21 -119 -17 7 128 261 94
Net Cash Flow -5 0 -1 1 3 -3 1 3 -7 7 3 -4
Free Cash Flow -15 -24 -30 7 -84 24 119 19 -15 -122 -254 -101
CFO/OP -49% -55% -25% 86% -140% 73% 268% 39% -5% -90% -161% -44%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 22 28 66 99 43 55 35 66 80 74 83 67
Inventory Days 4,203 3,877 986
Days Payable 683 577 98
Cash Conversion Cycle 22 28 66 99 43 3,575 3,335 66 80 74 83 955
Working Capital Days 473 661 571 438 558 618 472 341 463 473 672 694
ROCE % 13% 14% 19% 10% 12% 9% 10% 14% 14% 16% 11% 11%

Insights

In beta
Mar 2015 Mar 2016 Sep 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Area Under Development
Million sq ft

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Area Sold
Lakh sq ft
Collections
INR Million
Units Sold
Numbers
Unsold Ready Inventory
Numbers
Value of Sales (Pre-sales)
INR Million
Gross Development Value (GDV)
INR Billion
Cumulative Units Delivered
Numbers

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 71.10% 71.10% 71.10% 71.10%
0.65% 0.56% 0.00% 0.00% 0.03% 0.02% 0.31% 0.18% 0.17% 0.18% 0.22% 0.17%
0.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.03% 0.00%
24.12% 24.74% 25.28% 25.28% 25.25% 25.27% 24.97% 25.10% 28.71% 28.70% 28.65% 28.73%
No. of Shareholders 6,8307,0146,6456,5066,4407,6607,6847,8417,5657,2397,0006,753

* 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.

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