Arihant Superstructures Ltd
Incorporated in 1994, Arihant Superstructures Ltd is in the business of real estate
development[1]
- Market Cap ₹ 1,765 Cr.
- Current Price ₹ 408
- High / Low ₹ 555 / 323
- Stock P/E 25.7
- Book Value ₹ 75.1
- Dividend Yield 0.37 %
- ROCE 11.1 %
- ROE 18.8 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.43 times its book value
- Company might be capitalizing the interest cost
- 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.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 100 | 108 | 122 | 185 | 188 | 239 | 233 | 270 | 331 | 389 | 510 | 499 | 536 | |
| 80 | 83 | 87 | 122 | 151 | 186 | 190 | 222 | 261 | 312 | 397 | 395 | 406 | |
| Operating Profit | 20 | 25 | 35 | 63 | 37 | 53 | 43 | 48 | 70 | 78 | 113 | 104 | 131 |
| OPM % | 20% | 23% | 29% | 34% | 20% | 22% | 18% | 18% | 21% | 20% | 22% | 21% | 24% |
| 1 | 2 | 1 | 2 | 1 | 4 | 5 | 2 | 2 | 2 | 1 | 5 | 6 | |
| Interest | 14 | 6 | 4 | 10 | 15 | 32 | 30 | 28 | 21 | 26 | 26 | 40 | 50 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 7 | 19 | 31 | 53 | 22 | 23 | 16 | 20 | 48 | 52 | 86 | 66 | 85 |
| Tax % | 60% | 40% | 33% | 32% | 34% | 19% | 29% | 21% | 15% | 18% | 20% | 17% | |
| 3 | 11 | 21 | 36 | 15 | 18 | 11 | 16 | 41 | 43 | 69 | 55 | 69 | |
| EPS in Rs | 0.32 | 2.46 | 4.63 | 7.97 | 3.05 | 3.15 | 1.33 | 2.71 | 10.04 | 10.37 | 16.82 | 13.28 | 16.48 |
| Dividend Payout % | 79% | 12% | 19% | 13% | 16% | 16% | -0% | -0% | -0% | 5% | 7% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 16% |
| 3 Years: | 15% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 58% |
| 3 Years: | 10% |
| TTM: | 34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 81% |
| 3 Years: | 22% |
| 1 Year: | 13% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 22% |
| 3 Years: | 23% |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 |
| Reserves | 12 | 21 | 40 | 73 | 76 | 80 | 86 | 98 | 137 | 169 | 228 | 268 |
| 129 | 146 | 211 | 256 | 277 | 378 | 387 | 296 | 299 | 332 | 477 | 738 | |
| 129 | 179 | 201 | 235 | 282 | 226 | 234 | 255 | 377 | 491 | 455 | 538 | |
| Total Liabilities | 311 | 386 | 492 | 604 | 676 | 725 | 748 | 689 | 854 | 1,033 | 1,202 | 1,586 |
| 5 | 5 | 5 | 13 | 27 | 11 | 20 | 20 | 21 | 22 | 21 | 94 | |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 4 |
| Investments | 6 | 1 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 300 | 380 | 482 | 591 | 648 | 715 | 728 | 668 | 834 | 1,011 | 1,181 | 1,488 | |
| Total Assets | 311 | 386 | 492 | 604 | 676 | 725 | 748 | 689 | 854 | 1,033 | 1,202 | 1,586 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 49 | -14 | -24 | -30 | 14 | -81 | 25 | 121 | 21 | -12 | -121 | -178 | |
| -6 | 5 | -15 | -3 | -15 | 18 | -8 | -1 | -1 | -2 | -1 | -80 | |
| -40 | 4 | 39 | 31 | 1 | 66 | -21 | -119 | -17 | 7 | 128 | 261 | |
| Net Cash Flow | 3 | -5 | -0 | -1 | 1 | 3 | -3 | 1 | 3 | -7 | 7 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 12 | 22 | 28 | 66 | 99 | 43 | 55 | 35 | 66 | 80 | 74 | 83 |
| Inventory Days | 4,203 | 3,877 | ||||||||||
| Days Payable | 683 | 577 | ||||||||||
| Cash Conversion Cycle | 12 | 22 | 28 | 66 | 99 | 43 | 3,575 | 3,335 | 66 | 80 | 74 | 83 |
| Working Capital Days | 206 | 473 | 661 | 571 | 438 | 558 | 618 | 472 | 341 | 463 | 473 | 672 |
| ROCE % | 11% | 13% | 14% | 19% | 10% | 12% | 9% | 10% | 14% | 14% | 16% | 11% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22h
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Board Meeting Intimation for Consider And Approve The Standalone And Consolidated Unaudited Financial Statements Of The Company For The Quarter And Half Year Ended September 30, 2025 Along With The Limited Review Report Thereon
2d - Board meeting on Nov 12, 2025 to approve Q2/H1 Sep 30, 2025 unaudited results; share-split; auditor resigned; RTA change.
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Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
2d - Ummed Jain & Co. resigned Nov 05; effective Nov 13, 2025 after limited review for Sep 30, 2025.
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Announcement under Regulation 30 (LODR)-Change in Directorate
9 Oct - Ms. Sheetal Bhilkar appointed Independent Director for five years effective Oct 09, 2025 to Oct 08, 2030.
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Announcement under Regulation 30 (LODR)-Change in Management
9 Oct - Ms. Sheetal Bhilkar appointed Independent Director from Oct 09, 2025 for five-year term.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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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