Northern ARC Capital Ltd
Founded in 2009, Northern Arc Capital Limited offers retail loans to underserved households and businesses in India.[1]
- Market Cap ₹ 3,511 Cr.
- Current Price ₹ 218
- High / Low ₹ 351 / 141
- Stock P/E 11.6
- Book Value ₹ 213
- Dividend Yield 0.00 %
- ROCE 9.85 %
- ROE 10.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.01 times its book value
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 12.6% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 602 | 682 | 911 | 1,306 | 1,891 | 2,342 | |
| 135 | 255 | 247 | 419 | 739 | 1,123 | |
| Operating Profit | 467 | 427 | 663 | 888 | 1,152 | 1,218 |
| OPM % | 78% | 63% | 73% | 68% | 61% | 52% |
| 16 | 3 | 6 | 5 | 15 | 14 | |
| Interest | 303 | 324 | 411 | 559 | 730 | 828 |
| Depreciation | 5 | 7 | 10 | 12 | 17 | 18 |
| Profit before tax | 175 | 100 | 248 | 321 | 420 | 386 |
| Tax % | 34% | 23% | 27% | 25% | 24% | 22% |
| 115 | 77 | 182 | 242 | 318 | 301 | |
| EPS in Rs | 12.65 | 7.68 | 19.40 | 25.83 | 34.49 | 18.87 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 78 | 88 | 89 | 89 | 89 | 161 |
| Reserves | 1,014 | 1,412 | 1,568 | 1,784 | 2,142 | 3,273 |
| 3,001 | 4,015 | 6,066 | 7,117 | 9,130 | 9,860 | |
| 186 | 182 | 251 | 381 | 345 | 344 | |
| Total Liabilities | 4,279 | 5,696 | 7,973 | 9,371 | 11,707 | 13,638 |
| 5 | 22 | 24 | 51 | 57 | 82 | |
| CWIP | 3 | 1 | 0 | 1 | 2 | 0 |
| Investments | 1,193 | 1,383 | 1,766 | 1,790 | 1,785 | 2,052 |
| 3,077 | 4,291 | 6,183 | 7,529 | 9,863 | 11,504 | |
| Total Assets | 4,279 | 5,696 | 7,973 | 9,371 | 11,707 | 13,638 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -336 | -711 | -1,326 | -1,296 | -2,134 | -1,047 | |
| -36 | -201 | -386 | -115 | 36 | -388 | |
| 375 | 977 | 2,028 | 928 | 2,045 | 1,586 | |
| Net Cash Flow | 4 | 65 | 317 | -483 | -53 | 151 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 10 | 10 | 8 | 8 | 5 | 3 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 10 | 10 | 8 | 8 | 5 | 3 |
| Working Capital Days | -9 | -15 | 0 | -24 | -24 | -27 |
| ROCE % | 10% | 10% | 11% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - 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
2d - 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
2d - 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)
2d - 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
2d - 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.