Arihant Superstructures Limited (ARIHANTSUP) AI Stock Analysis

• Market Cap: ₹11.39B
• Dividend Yield: 0.48%
• Average Volume (3M): 4.19K
• Price to Earnings (P/E): 72.6
• Beta (1Y): 1.54
• Revenue Growth: 16.36%
• EPS Growth: 28.21%
• Country: IN
• Employees: 121
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 1.16
• Shares Outstanding: 43,249,992
• 10 Day Avg. Volume: 11,498
• 30 Day Avg. Volume: 4,189
• PEG Ratio: -0.90
• Price to Book (P/B): 5.40
• Price to Sales (P/S): 3.35
• P/FCF Ratio: -5.71
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: ₹265.00 ▼(-23.02% Downside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 02/20/26

The score is held back primarily by pressured financial quality (declining profitability, negative operating/free cash flow, and high leverage). Technicals are also weak with a clear downtrend and bearish momentum, despite oversold signals. Valuation remains a headwind due to a high P/E and low dividend yield.

Positive Factors

Stable operating margins

Consistent EBIT/EBITDA margins indicate ongoing operational efficiency in project execution and cost control. For a developer, stable operating margins support project-level profitability across cycles, helping absorb revenue timing swings and sustaining earnings generation over the next several months.

Robust gross profit margin

A robust gross margin reflects disciplined land acquisition, pricing and construction cost management. In real estate this directly supports project economics and provides a structural buffer on profitability even if sales timing fluctuates, aiding sustainable margin preservation.

Improved equity base

An expanding equity base strengthens the balance sheet and raises the equity ratio, improving financial resilience. This structural improvement increases capacity to fund or finance projects, reduces relative reliance on debt, and supports longer-term project execution flexibility.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flows indicate projects are not converting reported revenue into cash, forcing dependency on external financing. Over months this constrains liquidity, raises funding costs, and can delay completions or collections, pressuring operational continuity.

High financial leverage

Elevated debt-to-equity increases fixed servicing obligations and refinancing vulnerability. In a cyclical development business, high leverage amplifies earnings volatility, limits capacity to originate new projects without external funds, and raises the risk of covenant or liquidity stress.

Declining profitability metrics

Declining revenue, net income and net profit margin signal margin pressure and reduced return on capital. This trend erodes retained earnings used to fund growth, lowers ROE, and constrains the company's ability to self-fund projects or absorb cost shocks over the medium term.

Arihant Superstructures Limited Business Overview & Revenue Model

Company Description

Arihant Superstructures Limited operates as a real estate development company in India. The company's operations comprise various aspects of real estate development comprising identification and acquisition of land, planning, execution, construction, and marketing of projects. Its projects include residential properties, studios, apartments, and lands, as well as 1, 2, 3, and 4 BHK flats. The company was formerly known as Shaktiman Constructions Limited and changed its name to Arihant Superstructures Ltd. in August 2009. Arihant Superstructures Limited was incorporated in 1983 and is based in Navi Mumbai, India.

How the Company Makes Money

Arihant Superstructures Limited generates revenue primarily through the sale of residential and commercial properties. The company's revenue model is built around real estate development, where it acquires land, develops it into residential complexes or commercial spaces, and then sells or leases these properties to end-users or investors. Key revenue streams include direct sales of units in its projects, leasing income from commercial properties, and potential joint ventures or collaborations with other real estate developers. Additionally, the company may benefit from strategic partnerships with financial institutions, which can aid in financing projects and providing customers with home loan facilities, further driving sales. Factors contributing to its earnings include market demand for housing, the economic environment, and government policies affecting real estate development.

Arihant Superstructures Limited Financial Statement Overview

Summary

Stable EBIT/EBITDA margins but weaker overall fundamentals: revenue and net income have declined, net profit margin has fallen, operating and free cash flow are negative, and leverage is high (elevated debt-to-equity), increasing financial risk.

Income Statement

Arihant Superstructures Limited shows a mixed performance in its income statement. While the gross profit margin remains robust, the company has experienced a slight decline in revenue and net income over the past year. The EBIT and EBITDA margins are stable, indicating consistent operational efficiency. However, the net profit margin has decreased significantly, reflecting challenges in maintaining profitability amidst fluctuating revenue.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, indicative of significant leverage, which poses potential risks if revenue growth stalls. Despite this, the company's equity has grown over the years, enhancing its equity ratio and providing a stronger financial foundation. Return on Equity (ROE) has declined, reflecting reduced profitability with respect to shareholders' equity.

Cash Flow

The cash flow statement highlights concerns with negative operating cash flow, which has deteriorated over the years, suggesting cash management issues. Free cash flow has also been negative, further indicating cash flow challenges. However, the company shows an improved financing cash flow, which partially offsets these issues but indicates reliance on external financing.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.36B	4.99B	5.10B	3.89B	3.30B	2.70B
Gross Profit	2.28B	1.80B	1.96B	1.45B	1.34B	858.53M
EBITDA	1.37B	1.09B	1.14B	798.29M	712.60M	501.64M
Net Income	486.06M	402.53M	748.33M	313.91M	413.41M	111.71M
Balance Sheet
Total Assets	0.00	15.86B	11.97B	10.33B	8.54B	6.89B
Cash, Cash Equivalents and Short-Term Investments	182.08M	182.08M	200.79M	101.66M	147.49M	120.31M
Total Debt	0.00	7.38B	4.77B	3.32B	2.99B	2.96B
Total Liabilities	-3.78B	12.08B	8.78B	7.87B	6.51B	5.26B
Stockholders Equity	3.78B	3.09B	2.54B	2.10B	1.78B	1.39B
Cash Flow
Free Cash Flow	0.00	-2.92B	-1.28B	-148.51M	188.05M	1.19B
Operating Cash Flow	0.00	-2.16B	-1.26B	-117.41M	207.78M	1.21B
Investing Cash Flow	0.00	-676.19M	49.47M	-18.09M	-7.89M	-7.42M
Financing Cash Flow	0.00	2.87B	1.28B	69.40M	-172.71M	-1.19B

Arihant Superstructures Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 344.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ARIHANTSUP, the sentiment is Negative. The current price of 344.25 is above the 20-day moving average (MA) of 272.19, above the 50-day MA of 294.03, and below the 200-day MA of 367.11, indicating a bearish trend. The MACD of -9.67 indicates Negative momentum. The RSI at 38.93 is Neutral, neither overbought nor oversold. The STOCH value of 65.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ARIHANTSUP.

Arihant Superstructures Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SHRIRAMPPS	60 Neutral	₹13.04B	-52.72	―	―	13.78%	63.01%
ARIHANTSUP	52 Neutral	₹11.39B	72.56	―	0.48%	16.36%	28.21%
PENINLAND	41 Neutral	₹5.80B	-17.64	―	―	-29.04%	-194.71%
PARSVNATH	40 Underperform	₹3.05B	-0.76	―	―	-37.98%	40.32%
UNITECH	39 Underperform	₹12.65B	-0.44	―	―	-10.36%	46.24%
OMAXE	39 Underperform	₹13.71B	-2.47	―	―	-22.30%	-8.72%

Arihant Superstructures Limited Corporate Events

Arihant Superstructures Board Clears Q3 FY26 Results, Drops Stock Split Plan

Arihant Superstructures Limited’s board met on February 10, 2026, to review regulatory and financial matters for the quarter and nine months ended December 31, 2025. The directors decided against proceeding with a proposed stock split or sub‑division of equity shares, signaling a choice to maintain the current capital structure and share denomination.

At the meeting, the board reviewed SEBI listing compliances and took note of the internal audit report for the December quarter, reinforcing its focus on regulatory adherence and internal controls. It also approved unaudited standalone and consolidated financial results, along with subsidiary accounts and related‑party transactions under omnibus approval, providing stakeholders with updated financial disclosures and visibility into group‑wide operations.

Arihant Superstructures Confirms Full SDD Compliance for December 2025 Quarter

Arihant Superstructures Limited has certified that it is fully compliant with the Structured Digital Database (SDD) requirements under SEBI’s Prohibition of Insider Trading Regulations for the quarter ended December 31, 2025. The company’s Compliance Officer confirmed that an SDD is in place with controlled access, that all unpublished price-sensitive information (UPSI) disseminated during the quarter has been recorded with date and time stamps, and that the system is internally maintained, non-tamperable, and capable of preserving an audit trail for eight years. The certificate also states that Arihant was required to capture two UPSI-related events in the quarter and has duly recorded both, underscoring its adherence to regulatory norms and reinforcing governance and transparency for investors and regulators.