Arihant Capital Markets Limited (ARIHANTCAP) AI Stock Analysis

• Market Cap: ₹10.02B
• Dividend Yield: 0.51%
• Average Volume (3M): 81.41K
• Price to Earnings (P/E): 19.1
• Beta (1Y): 1.51
• Revenue Growth: -14.90%
• EPS Growth: -32.34%
• Country: IN
• Employees: 277
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 1.22
• Shares Outstanding: 104,112,800
• 10 Day Avg. Volume: 53,459
• 30 Day Avg. Volume: 81,407
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹113.00
• Price Target Upside: 14.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: ₹113.00 ▲(14.19% Upside)

Arihant Capital Markets Limited's overall stock score of 71 reflects strong technical indicators and stable financial performance, albeit with challenges in profitability and cash flow consistency. The stock is fairly valued with a moderate P/E ratio, but a low dividend yield might limit its attractiveness to income investors. The bullish technical outlook is a significant factor, with positive momentum and the stock trading above key moving averages.

Arihant Capital Markets Limited Business Overview & Revenue Model

Company Description

Arihant Capital Markets Limited (ARIHANTCAP) is a financial services company based in India. The company operates in the capital markets sector, providing a range of services including stockbroking, merchant banking, depository services, portfolio management, and advisory services. Arihant Capital is known for its comprehensive financial solutions catering to retail, corporate, and institutional clients, helping them manage and grow their investments effectively.

How the Company Makes Money

Arihant Capital Markets Limited generates revenue primarily through brokerage fees and commissions earned on the trading of stocks and other financial instruments. The company also earns income from its portfolio management services, where it charges management fees based on the assets under management. Additionally, Arihant Capital earns fees from advisory services, including financial planning and investment advice. Another source of revenue is the interest income from margin funding and loans against securities provided to clients. Significant partnerships with financial institutions and a broad client base contribute to its earnings by expanding its service reach and enhancing its market presence.

Arihant Capital Markets Limited Financial Statement Overview

Summary

Arihant Capital Markets Limited demonstrates strong revenue growth and a solid equity base, but faces challenges in maintaining consistent profitability and cash flow stability. Operational inefficiencies reflected in negative EBIT and fluctuating net income need addressing to enhance financial health. The company must continue managing liabilities while capitalizing on its revenue growth momentum.

Income Statement

Arihant Capital Markets Limited has shown robust revenue growth over recent years, with a significant increase in total revenue from 556.9 million in 2020 to 1,392.5 million in 2025. However, profitability metrics like EBIT and Net Profit Margin are concerning, with a negative EBIT in 2025 indicating operational challenges. EBITDA remains strong, suggesting good underlying earnings potential, but net income has seen fluctuations, impacting overall profitability.

Balance Sheet

The company's balance sheet shows moderate stability with a strong equity base, evidenced by an increasing stockholders' equity from 1,496.1 million in 2020 to 3,844.6 million in 2025. The debt-to-equity ratio remains manageable, though total liabilities have also increased. The equity ratio remains healthy, indicating potential for sustainable growth, although rising debt levels could pose future risks.

Cash Flow

The cash flow statement reflects a mixed performance with operating cash flow showing recovery in 2025 after previous deficits. Free cash flow has improved significantly in the latest fiscal year, but historical volatility poses a risk. The company's ability to convert operating profits into cash has been inconsistent, impacting its cash flow stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.39B	1.39B	1.22B	1.39B	968.25M	1.12B
Gross Profit	225.03M	225.03M	142.23M	1.28B	1.64B	164.99M
EBITDA	841.87M	1.00B	1.02B	507.77M	727.12M	484.51M
Net Income	587.03M	587.03M	705.10M	291.18M	503.61M	346.75M
Balance Sheet
Total Assets	7.87B	7.87B	7.80B	5.22B	5.79B	4.61B
Cash, Cash Equivalents and Short-Term Investments	4.54B	4.54B	784.89M	319.97M	759.14M	394.06M
Total Debt	956.71M	956.71M	992.77M	596.75M	823.78M	562.58M
Total Liabilities	4.02B	4.02B	4.58B	2.65B	3.50B	2.79B
Stockholders Equity	3.84B	3.84B	3.23B	2.57B	2.29B	1.82B
Cash Flow
Free Cash Flow	0.00	147.59M	-326.90M	104.07M	-180.55M	-324.06M
Operating Cash Flow	0.00	315.76M	-296.32M	146.92M	-180.55M	-316.86M
Investing Cash Flow	0.00	-209.89M	61.91M	-2.10M	130.45M	-68.06M
Financing Cash Flow	0.00	-144.06M	273.70M	-318.05M	177.61M	102.09M

Arihant Capital Markets Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 98.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ARIHANTCAP, the sentiment is Positive. The current price of 98.96 is above the 20-day moving average (MA) of 97.86, above the 50-day MA of 88.14, and above the 200-day MA of 86.15, indicating a bullish trend. The MACD of 2.79 indicates Positive momentum. The RSI at 57.96 is Neutral, neither overbought nor oversold. The STOCH value of 43.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ARIHANTCAP.

Arihant Capital Markets Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARIHANTCAP	71 Outperform	₹10.02B	19.05		0.51%	-14.90%	-32.34%
Sector *	69 Neutral	CHF15.52B	15.81	13.20%	3.77%	0.77%	28.86%
BIRLAMONEY	69 Neutral	₹9.61B	13.15		―	4.68%	22.23%
SUNDARMHLD	69 Neutral	$15.79B	―		1.30%	-46.15%	-22.72%
CSLFINANCE	68 Neutral	₹7.02B	9.73		0.85%	21.83%	7.14%
THEINVEST	66 Neutral	₹8.16B	20.77		―	14.93%	21.86%
PRIMESECU	62 Neutral	₹9.13B	24.87		0.56%	46.98%	41.14%