Arihant Superstructures Ltd
Incorporated in 1994, Arihant Superstructures Ltd is in the business of real estate
development[1]
- Market Cap ₹ 1,850 Cr.
- Current Price ₹ 428
- High / Low ₹ 555 / 315
- Stock P/E 27.0
- Book Value ₹ 75.1
- Dividend Yield 0.35 %
- ROCE 11.1 %
- ROE 18.8 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.70 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: | 28% |
| 5 Years: | 85% |
| 3 Years: | 24% |
| 1 Year: | 20% |
| 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)-Change in Directorate
9 Oct - Ms. Sheetal Bhilkar appointed Independent Director for five years effective Oct 09, 2025 to Oct 08, 2030.
-
Announcement under Regulation 30 (LODR)-Change in Management
9 Oct - Ms. Sheetal Bhilkar appointed Independent Director from Oct 09, 2025 for five-year term.
-
SDD Compliance Certificate For The Quarter Ended September 30, 2025.
8 Oct - Arihant Superstructures files SDD compliance certificate; captured 4 events for quarter ended September 30, 2025.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - Registrar's certificate confirming dematerialisation for quarter ended Sep 30, 2025; certificates cancelled within 15 days.
-
Clarification On Significant Increase In Volume Of The Security Across The Exchanges.
8 Oct - Company says volume rise is market-driven; no undisclosed price-sensitive information; continues disclosures.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
Aug 2025Transcript PPT
-
Aug 2025TranscriptNotesPPT
-
May 2025Transcript PPT
-
May 2025TranscriptNotesPPT
-
Feb 2025Transcript PPT
-
Feb 2025TranscriptNotesPPT
-
Oct 2024TranscriptNotesPPT
-
Aug 2024TranscriptNotesPPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
Aug 2023TranscriptNotesPPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Jan 2022TranscriptNotesPPT
-
Nov 2021Transcript PPT
-
Oct 2021TranscriptNotesPPT
-
Jul 2021Transcript PPT
-
Jun 2021Transcript PPT
-
Apr 2021TranscriptNotesPPT
-
Apr 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Oct 2020TranscriptNotesPPT
-
Aug 2020Transcript PPT
-
Jun 2020TranscriptNotesPPT
-
Jun 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Dec 2019Transcript PPT
-
Nov 2019TranscriptNotesPPT
-
Sep 2019Transcript PPT
-
Aug 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Jun 2019Transcript PPT
-
Jun 2019TranscriptNotesPPT
-
Feb 2019Transcript PPT
-
Feb 2019TranscriptNotesPPT
-
Nov 2018Transcript PPT
-
Nov 2018TranscriptNotesPPT
-
Sep 2018TranscriptNotesPPT
-
Aug 2018Transcript PPT
-
Jun 2018Transcript PPT
-
May 2018TranscriptNotesPPT
-
Mar 2018Transcript PPT
-
Feb 2018TranscriptNotesPPT
-
Nov 2017Transcript PPT
-
Aug 2017Transcript PPT
-
Aug 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
-
May 2017Transcript PPT
-
Mar 2017Transcript PPT
-
Feb 2017TranscriptNotesPPT
-
Feb 2017TranscriptNotesPPT
-
Feb 2017TranscriptNotesPPT
-
Nov 2016TranscriptPPT
-
Nov 2016Transcript PPT
-
May 2016TranscriptPPT
-
Feb 2016TranscriptPPT
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