Northern ARC Capital Ltd
Founded in 2009, Northern Arc Capital Limited offers retail loans to underserved households and businesses in India.[1]
- Market Cap ₹ 3,276 Cr.
- Current Price ₹ 203
- High / Low ₹ 351 / 141
- Stock P/E 9.40
- Book Value ₹ 205
- Dividend Yield 0.00 %
- ROCE 11.2 %
- ROE 15.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.99 times its book value
- Company has delivered good profit growth of 25.5% 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 13.2% 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 Allcap BSE Financial Services BSE IPO BSE SmallCap
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 | TTM | |
|---|---|---|---|---|---|---|
| 602 | 682 | 911 | 1,306 | 1,891 | 2,303 | |
| 135 | 255 | 247 | 419 | 739 | 999 | |
| Operating Profit | 467 | 427 | 663 | 888 | 1,152 | 1,304 |
| OPM % | 78% | 63% | 73% | 68% | 61% | 57% |
| 16 | 3 | 6 | 5 | 15 | 11 | |
| Interest | 303 | 324 | 411 | 559 | 730 | 832 |
| Depreciation | 5 | 7 | 10 | 12 | 17 | 18 |
| Profit before tax | 175 | 100 | 248 | 321 | 420 | 465 |
| Tax % | 34% | 23% | 27% | 25% | 24% | |
| 115 | 77 | 182 | 242 | 318 | 348 | |
| EPS in Rs | 12.65 | 7.68 | 19.40 | 25.83 | 34.49 | 31.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 40% |
| TTM: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 66% |
| TTM: | 34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 78 | 88 | 89 | 89 | 89 | 161 |
| Reserves | 1,014 | 1,412 | 1,568 | 1,784 | 2,142 | 3,155 |
| 3,001 | 4,015 | 6,066 | 7,117 | 9,130 | 9,271 | |
| 186 | 182 | 251 | 381 | 345 | 349 | |
| Total Liabilities | 4,279 | 5,696 | 7,973 | 9,371 | 11,707 | 12,936 |
| 5 | 22 | 24 | 51 | 57 | 59 | |
| CWIP | 3 | 1 | 0 | 1 | 2 | 0 |
| Investments | 1,193 | 1,383 | 1,766 | 1,790 | 1,785 | 1,766 |
| 3,077 | 4,291 | 6,183 | 7,529 | 9,863 | 11,111 | |
| Total Assets | 4,279 | 5,696 | 7,973 | 9,371 | 11,707 | 12,936 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -336 | -711 | -1,326 | -1,296 | -2,134 | |
| -36 | -201 | -386 | -115 | 36 | |
| 375 | 977 | 2,028 | 928 | 2,045 | |
| Net Cash Flow | 4 | 65 | 317 | -483 | -53 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 10 | 10 | 8 | 8 | 5 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 10 | 10 | 8 | 8 | 5 |
| Working Capital Days | -9 | -15 | 0 | -24 | -24 |
| ROCE % | 10% | 10% | 11% |
Documents
Announcements
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Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results For The Quarter And Financial Year Ended March 31, 2025, And Raising Funds Through Issuance Of Debt Securities.
1d - Board meeting on May 19 to approve FY25 results and consider debt securities issuance.
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Board Meeting Outcome for Appointment Of Mr. Sandeep Dhar As The Independent Director And Change In Internal Auditors Of The Company
2d - Appointed Mr. Sandeep Dhar as Independent Director and Mr. Chetan Tivary as Chief Internal Auditor.
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Announcement under Regulation 30 (LODR)-Change in Management
2d - Appointed Mr. Sandeep Dhar as Independent Director and Mr. Chetan Tivary as Chief Internal Auditor.
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Appointment of Mr. Dhar as Independent Director and Mr. Tivary as Chief Internal Auditor for 5 years.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
6 May - Postal ballot results: Director re-appointed, ESOP plans ratified and extended to subsidiaries, all passed.
Annual reports
Concalls
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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.