Arihant Superstructures Limited (ARIHANTSUP) AI Stock Analysis

• Market Cap: ₹9.20B
• Dividend Yield: 0.48%
• Average Volume (3M): 4.19K
• Price to Earnings (P/E): 72.6
• Beta (1Y): 1.65
• 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: ₹215.00 ▼(-37.55% 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

Integrated value chain

Controlling planning, development, construction and sales increases control over timelines, margins and quality. This durable vertical integration supports consistent project delivery, reduces reliance on third parties and helps sustain revenue capture and operational resilience over months.

Stable operating margins

Persistently stable EBIT/EBITDA margins indicate structural cost controls and execution capability. Even if volumes fluctuate, margin stability preserves cash conversion potential per project and improves the company's ability to absorb input cost variability over the medium term.

Growing equity ratio

An improving equity base strengthens the balance sheet and lowers leverage ratios over time, increasing financial buffers. A higher equity ratio improves solvency metrics, supports access to funding and gives more headroom to pursue projects or weather cyclical real estate softness.

Negative Factors

Negative operating and free cash flow

Sustained negative operating and free cash flows indicate the business cannot self-fund project construction and working capital needs. This creates reliance on external financing, increases refinancing risk, and can force delayed projects or higher financing costs over the medium term.

High leverage

Elevated debt amplifies interest burdens and reduces financial flexibility. In a cyclical sector like real estate, high leverage raises the risk that downturns or slower sales will strain liquidity, limit ability to bid on land or start projects, and increase default or restructuring risk.

Declining revenue and net profit margin

Falling top-line and net margins signal weaker demand or execution issues, directly reducing cash generation and return on invested capital. Over months this erodes project funding capacity, slows deleveraging, and pressures stakeholder confidence in growth prospects.

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 primarily makes money by developing real estate projects and selling completed (or under-construction) units to customers. Its key revenue stream is revenue recognized from real estate/project sales, which is typically driven by (1) the number of units sold, (2) pricing per unit, and (3) the stage of construction and handover/possession, depending on applicable accounting and regulatory requirements. Cash inflows commonly come through customer booking amounts and milestone-based collections as construction progresses, and/or at the time of possession, which supports project funding and working capital. The company’s earnings are therefore influenced by its ability to acquire/secure land or development rights, execute construction on time and within budget (including procurement and contractor management), and maintain sales velocity through marketing and channel partners/brokers. Other material revenue streams, significant partnerships, or non-core income sources: null.

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	5.47B	4.99B	5.10B	3.89B	3.30B	2.70B
Gross Profit	2.19B	1.80B	1.96B	1.45B	1.34B	858.53M
EBITDA	1.38B	1.09B	1.14B	798.29M	712.60M	501.64M
Net Income	433.91M	402.53M	748.33M	313.91M	413.41M	111.71M
Balance Sheet
Total Assets	17.41B	15.86B	11.97B	10.33B	8.54B	6.89B
Cash, Cash Equivalents and Short-Term Investments	183.62M	182.08M	200.79M	101.66M	147.49M	120.31M
Total Debt	8.35B	7.38B	4.77B	3.32B	2.99B	2.96B
Total Liabilities	13.11B	12.08B	8.78B	7.87B	6.51B	5.26B
Stockholders Equity	3.51B	3.09B	2.54B	2.10B	1.78B	1.39B
Cash Flow
Free Cash Flow	-1.14B	-2.92B	-1.28B	-148.51M	188.05M	1.19B
Operating Cash Flow	-966.05M	-2.16B	-1.26B	-117.41M	207.78M	1.21B
Investing Cash Flow	125.47M	-676.19M	49.47M	-18.09M	-7.89M	-7.42M
Financing Cash Flow	840.90M	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: Positive
• RSI: Positive
• 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 237.04, above the 50-day MA of 266.53, and below the 200-day MA of 357.46, indicating a bearish trend. The MACD of -17.21 indicates Positive momentum. The RSI at 26.91 is Positive, neither overbought nor oversold. The STOCH value of 21.48 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	₹11.64B	-52.72	―	―	13.78%	63.01%
ARIHANTSUP	52 Neutral	₹9.20B	72.56	―	0.48%	16.36%	28.21%
PENINLAND	41 Neutral	₹5.14B	-17.64	―	―	-29.04%	-194.71%
UNITECH	41 Neutral	₹11.14B	-0.44	―	―	-10.36%	46.24%
PARSVNATH	40 Underperform	₹2.85B	-0.76	―	―	-37.98%	40.32%
OMAXE	39 Underperform	₹13.09B	-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.