Arihant Superstructures Ltd

Arihant Super. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Arihant Superstructures Ltd

₹ 360 -0.50%
26 Apr - close price
asl.net.in BSE: 506194 NSE : ARIHANTSUP
About

Arihant Superstructures is a real estate company focusing on the affordable housing segment with a significant presence in the MMR region and Rajasthan. It has delivered 9,500+ homes measuring 8 Mn Sqft across 59 projects over the past 2 decades. [1] [2]

Key Points

Market Position
The Co has the largest market share of 13% in Navi Mumbai and market share of 5% to 50% in most micro markets where the Co operates. [1]

Website BSE NSE
  • Market Cap ₹ 1,483 Cr.
  • Current Price ₹ 360
  • High / Low ₹ 417 / 158
  • Stock P/E 31.2
  • Book Value ₹ 56.8
  • Dividend Yield 0.14 %
  • ROCE 14.4 %
  • ROE 22.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 27.7% CAGR over last 5 years
  • Company's median sales growth is 15.8% of last 10 years

Cons

  • Stock is trading at 6.34 times its book value
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 60.3 to 79.8 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.

Peer comparison

Sector: Realty Industry: Construction

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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
73 124 84 88 88 71 89 120 115 65 121 109 119
59 103 69 68 70 54 71 101 85 55 95 84 93
Operating Profit 15 20 15 20 18 17 18 20 29 10 26 25 26
OPM % 20% 16% 18% 23% 21% 23% 21% 16% 26% 15% 22% 23% 22%
0 0 0 0 0 1 1 1 0 1 0 0 0
Interest 6 6 5 5 5 5 5 5 8 9 7 6 7
Depreciation 1 0 0 0 0 0 0 0 0 1 1 1 1
Profit before tax 8 14 10 15 13 12 14 15 22 2 19 19 19
Tax % 38% 3% 13% 20% 9% 15% 23% 21% 9% 85% 20% 14% 17%
5 13 8 12 12 10 11 12 20 0 16 16 16
EPS in Rs 1.25 3.28 2.01 2.83 2.81 2.40 2.60 2.87 4.85 0.06 3.79 3.90 3.79
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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
65 70 100 108 122 185 188 239 233 270 331 389 414
52 62 80 83 87 122 151 186 190 222 261 312 327
Operating Profit 13 8 20 25 35 63 37 53 43 48 70 78 88
OPM % 20% 11% 20% 23% 29% 34% 20% 22% 18% 18% 21% 20% 21%
2 1 1 2 1 2 1 4 5 2 2 2 1
Interest 5 9 14 6 4 10 15 32 30 28 21 26 28
Depreciation 0 0 1 1 1 1 1 2 2 2 2 2 2
Profit before tax 9 -1 7 19 31 53 22 23 16 20 48 52 59
Tax % 42% -400% 60% 40% 33% 32% 34% 19% 29% 21% 15% 18%
5 -3 3 11 21 36 15 18 11 16 41 43 48
EPS in Rs 1.30 -0.72 0.32 2.46 4.63 7.97 3.05 3.15 1.33 2.71 10.04 10.37 11.54
Dividend Payout % 10% -28% 79% 12% 19% 13% 16% 16% 0% 0% 0% 5%
Compounded Sales Growth
10 Years: 19%
5 Years: 16%
3 Years: 19%
TTM: 5%
Compounded Profit Growth
10 Years: 32%
5 Years: 28%
3 Years: 98%
TTM: -9%
Stock Price CAGR
10 Years: 26%
5 Years: 45%
3 Years: 79%
1 Year: 74%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 20%
Last Year: 22%

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 27 41 41 41 41 41 41 41 41 41 41 41 41
Reserves 12 11 12 21 40 73 76 80 86 98 137 169 193
103 125 129 146 211 256 277 378 387 296 299 332 427
18 74 129 179 201 235 282 226 234 255 377 491 463
Total Liabilities 161 251 311 386 492 604 676 725 748 689 854 1,033 1,124
3 4 5 5 5 13 27 11 20 20 21 22 22
CWIP 0 5 0 0 0 0 0 0 0 0 0 0 0
Investments 2 0 6 1 5 0 0 0 0 0 0 0 0
156 242 300 380 482 591 648 715 728 668 834 1,011 1,102
Total Assets 161 251 311 386 492 604 676 725 748 689 854 1,033 1,124

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
-29 -104 49 -14 -24 -30 14 -81 25 121 21 -12
-0 -7 -6 5 -15 -3 -15 18 -8 -1 -1 -2
33 93 -40 4 39 31 1 66 -21 -119 -17 7
Net Cash Flow 4 -18 3 -5 0 -1 1 3 -3 1 3 -7

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 40 0 12 22 28 66 99 43 55 35 66 80
Inventory Days 4,203 3,877 721
Days Payable 683 577 111
Cash Conversion Cycle 40 0 12 22 28 66 99 43 3,575 3,335 66 690
Working Capital Days 470 841 569 639 759 680 641 675 729 534 478 476
ROCE % 12% 6% 11% 13% 14% 19% 10% 12% 9% 10% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.31% 74.31% 74.31% 74.41% 74.50% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71%
0.36% 0.33% 0.32% 1.16% 1.46% 0.70% 0.69% 0.69% 0.65% 0.56% 0.00% 0.00%
1.32% 0.00% 1.38% 1.71% 1.38% 1.39% 1.39% 1.39% 0.51% 0.00% 0.00% 0.00%
24.00% 25.36% 23.99% 22.72% 22.65% 23.19% 23.21% 23.21% 24.12% 24.74% 25.28% 25.28%
No. of Shareholders 4,7855,7437,0357,7067,3487,9367,1136,4916,8307,0146,6456,506

* 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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