Northern ARC Capital Ltd
Founded in 2009, Northern Arc Capital Limited offers retail loans to underserved households and businesses in India.[1]
- Market Cap ₹ 3,863 Cr.
- Current Price ₹ 239
- High / Low ₹ 351 / 141
- Stock P/E 13.2
- Book Value ₹ 213
- Dividend Yield 0.00 %
- ROCE 9.87 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.12 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 12.7% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 370 | 602 | 682 | 911 | 1,306 | 1,891 | 2,344 | 2,369 | |
| 96 | 135 | 255 | 247 | 419 | 739 | 1,120 | 1,160 | |
| Operating Profit | 274 | 467 | 427 | 663 | 888 | 1,152 | 1,224 | 1,209 |
| OPM % | 74% | 78% | 63% | 73% | 68% | 61% | 52% | 51% |
| 0 | 16 | 3 | 6 | 5 | 15 | 11 | 12 | |
| Interest | 176 | 303 | 324 | 411 | 559 | 730 | 832 | 835 |
| Depreciation | 1 | 5 | 7 | 10 | 12 | 17 | 18 | 18 |
| Profit before tax | 97 | 175 | 100 | 248 | 321 | 420 | 386 | 367 |
| Tax % | 34% | 34% | 23% | 27% | 25% | 24% | 22% | |
| 64 | 115 | 77 | 182 | 242 | 318 | 301 | 286 | |
| EPS in Rs | 8.14 | 12.65 | 7.68 | 19.40 | 25.83 | 34.49 | 18.87 | 18.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| TTM: | -13% |
| 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 2017 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 78 | 78 | 88 | 89 | 89 | 89 | 161 |
| Reserves | 397 | 1,014 | 1,412 | 1,568 | 1,784 | 2,142 | 3,273 |
| 2,363 | 3,001 | 4,015 | 6,066 | 7,117 | 9,130 | 9,860 | |
| 106 | 186 | 182 | 251 | 381 | 345 | 344 | |
| Total Liabilities | 2,945 | 4,279 | 5,696 | 7,973 | 9,371 | 11,707 | 13,638 |
| 5 | 5 | 22 | 24 | 51 | 57 | 76 | |
| CWIP | 0 | 3 | 1 | 0 | 1 | 2 | 6 |
| Investments | 1,150 | 1,193 | 1,383 | 1,766 | 1,790 | 1,785 | 2,052 |
| 1,789 | 3,077 | 4,291 | 6,183 | 7,529 | 9,863 | 11,504 | |
| Total Assets | 2,945 | 4,279 | 5,696 | 7,973 | 9,371 | 11,707 | 13,638 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | 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 2017 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 10 | 10 | 8 | 8 | 5 | 3 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 0 | 10 | 10 | 8 | 8 | 5 | 3 |
| Working Capital Days | -41 | -9 | -15 | 0 | -24 | -24 | -26 |
| ROCE % | 10% | 10% | 11% | 10% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Outcome of AGM 2d
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
2d - Northern Arc AGM (25 Aug 2025): e-voting results and scrutinizer's report; all ordinary and special resolutions approved.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
2d - AGM Aug 25, 2025: shareholders approved charges, increased borrowing, NCD issuance, ESOP expansion and remuneration revisions.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
25 Aug - 17th AGM on Aug 25, 2025 via VC; resolutions on financials, NCDs, borrowing, ESOP, remuneration discussed.
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Announcement under Regulation 30 (LODR)-Change in Management
7 Aug - Appointed Sandeep Dhar as Independent Director for five years from May 7, 2025.
Annual reports
Concalls
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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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.