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Arihant Capital Markets Limited
(ARIHANTCAP)
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Rating:58Neutral
Price Target:
₹72.00
▼(-20.49% Downside)
Action:Reiterated
Date:06/13/26
The score is driven primarily by improved FY2026 fundamentals (strong revenue growth and a rebound in cash generation), but it is held back by multi-year volatility and higher leverage. Technical signals are notably weak (negative MACD, low RSI/Stoch, and price below longer-term moving averages), while valuation is neutral with a low dividend yield.
Positive Factors
Revenue Momentum
An ~81% revenue uplift in FY2026 with mid‑teens net margin indicates the core brokerage and distribution franchise can scale profitably. Durable top‑line momentum supports reinvestment in client acquisition, technology and product distribution, underpinning medium‑term earnings resilience.
Negative Factors
Multi-year Cash Volatility
Repeated swings to negative operating cash flow in prior years highlight inconsistent cash generation. This volatility impairs long‑term planning, raises the need for larger liquidity buffers, and increases the risk that future downcycles will force defensive measures like cutting investment or raising costly financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Momentum
An ~81% revenue uplift in FY2026 with mid‑teens net margin indicates the core brokerage and distribution franchise can scale profitably. Durable top‑line momentum supports reinvestment in client acquisition, technology and product distribution, underpinning medium‑term earnings resilience.
Read all positive factors
Arihant Capital Markets Limited (ARIHANTCAP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.71B
Dividend Yield0.53%
Average Volume (3M)50.43K
Price to Earnings (P/E)24.8
Beta (1Y)1.47
Revenue Growth-16.78%
EPS Growth-46.60%
CountryIN
Employees421
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)3.01
Shares Outstanding109,612,800
10 Day Avg. Volume34,979
30 Day Avg. Volume50,431
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)1.45
Price to Sales (P/S)3.09
P/FCF Ratio4.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Arihant Capital Markets Limited Business Overview & Revenue Model
Company Description
Arihant Capital Markets Ltd. is a holding company, which engages in the provision of financial services. Its services include securities and commodities broking, financial planning, depository services, and merchant banking. The company was founde...
How the Company Makes Money
ARIHANTCAP primarily makes money by earning transaction-linked income and fees from its capital markets and wealth-related activities. Key revenue streams generally include: (1) Brokerage/commission income from client trading activity (e.g., equit...
Arihant Capital Markets Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.06B | 1.39B | 1.22B | 793.62M | 968.99M |
| Gross Profit | 1.11B | 238.10M | 223.29M | 122.74M | 233.15M |
| EBITDA | 453.12M | 1.00B | 1.08B | 503.27M | 724.64M |
| Net Income | 314.63M | 587.03M | 705.10M | 291.18M | 503.61M |
Balance Sheet | |||||
| Total Assets | 10.98B | 7.87B | 7.80B | 5.22B | 5.79B |
| Cash, Cash Equivalents and Short-Term Investments | 5.95B | 4.54B | 784.89M | 319.97M | 759.14M |
| Total Debt | 2.39B | 956.71M | 992.77M | 596.75M | 823.78M |
| Total Liabilities | 6.57B | 4.02B | 4.58B | 2.65B | 3.50B |
| Stockholders Equity | 4.41B | 3.84B | 3.23B | 2.57B | 2.29B |
Cash Flow | |||||
| Free Cash Flow | 1.41B | 147.59M | -326.90M | 104.07M | -180.55M |
| Operating Cash Flow | 1.45B | 315.76M | -296.32M | 146.92M | -180.55M |
| Investing Cash Flow | -2.08B | -209.89M | 61.91M | -2.10M | 130.45M |
| Financing Cash Flow | 1.68B | -144.06M | 273.70M | -318.05M | 177.61M |
Arihant Capital Markets Limited Technical Analysis
Negative
90.56
Price Trends
69.47
Positive
70.80
Negative
84.23
Negative
Market Momentum
0.75
Negative
51.50
Neutral
46.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ARIHANTCAP, the sentiment is Negative. The current price of 90.56 is above the 20-day moving average (MA) of 69.72, above the 50-day MA of 69.47, and above the 200-day MA of 84.23, indicating a neutral trend. The MACD of 0.75 indicates Negative momentum. The RSI at 51.50 is Neutral, neither overbought nor oversold. The STOCH value of 46.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ARIHANTCAP.
Arihant Capital Markets Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹4.94B | 5.98 | ― | 0.93% | 19.22% | 18.92% | |
59 Neutral | ₹7.76B | 13.82 | ― | ― | 2.33% | -21.18% | |
58 Neutral | ₹7.71B | 24.79 | ― | 0.53% | -16.78% | -46.60% | |
58 Neutral | ₹9.34B | 69.75 | ― | 0.51% | 59.73% | -65.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹4.96B | 17.32 | ― | ― | -17.34% | -29.23% |
* General Sector Average
IN:ARIHANTCAP
Arihant Capital Markets Limited
74.80
-13.55
-15.34%
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CSL Finance Limited
227.85
-82.75
-26.64%
IN:PRIMESECU
Prime Securities Limited
280.75
-22.45
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IN:THEINVEST
Investment Trust of India Limited
104.78
-42.17
-28.70%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.