Northern ARC Capital Ltd
Founded in 2009, Northern Arc Capital Limited offers retail loans to underserved households and businesses in India.[1]
- Market Cap ₹ 3,377 Cr.
- Current Price ₹ 209
- High / Low ₹ 351 / 141
- Stock P/E 9.85
- Book Value ₹ 211
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 12.3 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.99 times its book value
- Company has delivered good profit growth of 30.8% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 13.0% over last 3 years.
* 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: Finance Industry: Finance & Investments
Part of BSE SmallCap BSE IPO BSE Allcap BSE Financial Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 562 | 601 | 643 | 868 | 1,254 | 1,830 | 2,284 | |
| 127 | 154 | 240 | 227 | 387 | 726 | 1,017 | |
| Operating Profit | 435 | 447 | 403 | 641 | 867 | 1,103 | 1,267 |
| OPM % | 77% | 74% | 63% | 74% | 69% | 60% | 55% |
| 16 | 0 | 3 | 6 | 4 | 15 | 12 | |
| Interest | 302 | 310 | 323 | 411 | 558 | 728 | 823 |
| Depreciation | 3 | 7 | 7 | 9 | 10 | 15 | 15 |
| Profit before tax | 146 | 131 | 76 | 227 | 303 | 375 | 442 |
| Tax % | 39% | 31% | 27% | 28% | 26% | 25% | 22% |
| 89 | 90 | 56 | 164 | 225 | 280 | 343 | |
| EPS in Rs | 11.40 | 10.24 | 6.37 | 18.42 | 25.31 | 31.34 | 21.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 38% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 28% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 13% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 78 | 87 | 88 | 89 | 89 | 89 | 161 |
| Reserves | 993 | 1,323 | 1,388 | 1,538 | 1,755 | 2,078 | 3,248 |
| 2,980 | 3,004 | 4,015 | 6,066 | 7,117 | 9,130 | 9,784 | |
| 77 | 69 | 85 | 142 | 243 | 321 | 327 | |
| Total Liabilities | 4,129 | 4,483 | 5,576 | 7,835 | 9,205 | 11,620 | 13,521 |
| 4 | 23 | 21 | 19 | 43 | 48 | 74 | |
| CWIP | 3 | 1 | 1 | 0 | 1 | 2 | 0 |
| Investments | 1,049 | 1,048 | 1,253 | 1,639 | 1,697 | 1,653 | 1,957 |
| 3,073 | 3,411 | 4,302 | 6,177 | 7,464 | 9,917 | 11,490 | |
| Total Assets | 4,129 | 4,483 | 5,576 | 7,835 | 9,205 | 11,620 | 13,521 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -114 | -90 | -977 | -1,329 | -1,292 | -2,140 | -1,054 | |
| 35 | -1 | 356 | -377 | -174 | 49 | -398 | |
| 81 | 233 | 684 | 2,023 | 966 | 2,048 | 1,612 | |
| Net Cash Flow | 2 | 142 | 63 | 316 | -500 | -43 | 160 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 10 | 5 | 8 | 8 | 6 | 3 | 2 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 10 | 5 | 8 | 8 | 6 | 3 | 2 |
| Working Capital Days | -22 | -6 | -14 | 3 | -26 | -26 | -24 |
| ROCE % | 10% | 8% | 10% | 10% | 11% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16h - Audio recording link of Q4 and FY25 earnings call shared by Northern Arc Capital.
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Investor presentation on the audited financial results for the fourth quarter and financial year ended March 31, 2025
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Audited Financial Results For The Financial Year Ended 31St March 2025
1d - Approved FY25 audited results; appointed secretarial auditor; approved Rs. 5,000 Cr NCD issuance; amended insider trading code.
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Statement Of Deviation Or Variation In Respect Of Utilization Of Funds Raised Through Issuance Of Equity Shares By Way Of Initial Public Offer (IPO)
1d - No deviation in utilization of Rs. 4,498.45 mn IPO proceeds for quarter ended March 31, 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 19Th May 2025
1d - Approved FY25 audited results; appointed secretarial auditor; approved Rs. 5,000 Cr NCD issuance subject to shareholder approval.
Annual reports
Concalls
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May 2025TranscriptNotesPPT
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Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT
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Oct 2024Transcript PPT
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Oct 2024TranscriptPPTREC
Business Profile[1] Northern ARC Capital is a diversified financial services platform addressing credit needs of underserved households and businesses in India. Over the past 15 years, it has facilitated financing of over ₹1.73 lakh crore, impacting 10.18 crore lives.