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Arihant Capital Markets Limited
(ARIHANTCAP)
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Rating:65Neutral
Price Target:
₹85.00
▼(-6.14% Downside)
Action:Reiterated
Date:09/13/26
The score is driven primarily by financial performance: strong FY2026 growth and improved cash generation, tempered by multi-year volatility and higher leverage. Technicals are mildly supportive with price holding above major moving averages and neutral momentum. Valuation is reasonable but not particularly compelling, and the low dividend yield offers limited support.
Positive Factors
Strong FY2026 revenue growth
The sharp FY2026 revenue increase, following steady prior-year growth, indicates stronger business activity across the company’s capital-markets and investment-services platform. Sustained top-line expansion can broaden operating scale, support client acquisition, and provide a durable base for future earnings growth.
Negative Factors
Multi-year cash-flow volatility
Repeated periods of negative operating and free cash flow show that cash conversion has not been consistently dependable across the reported years. Even with the latest improvement, this volatility can make internal funding less predictable and complicate capital planning during weaker capital-markets conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY2026 revenue growth
The sharp FY2026 revenue increase, following steady prior-year growth, indicates stronger business activity across the company’s capital-markets and investment-services platform. Sustained top-line expansion can broaden operating scale, support client acquisition, and provide a durable base for future earnings growth.
Read all positive factors
Arihant Capital Markets Limited (ARIHANTCAP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.94B
Dividend Yield0.62%
Average Volume (3M)7.92K
Price to Earnings (P/E)21.5
Beta (1Y)1.25
Revenue Growth3.41%
EPS Growth-25.84%
CountryIN
Employees456
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)3.75
Shares Outstanding109,612,800
10 Day Avg. Volume7,462
30 Day Avg. Volume7,922
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
Arihant Capital Markets Limited primarily earns revenue from brokerage and fee-based income linked to capital markets and investment services. Key money-making streams typically include: (1) Brokerage/commission income generated when clients place...
Arihant Capital Markets Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.89B | 2.06B | 1.39B | 1.22B | 793.62M | 968.99M |
| Gross Profit | 779.13M | 1.11B | 238.10M | 223.29M | 122.74M | 233.15M |
| EBITDA | 697.59M | 453.12M | 1.00B | 1.08B | 503.27M | 724.64M |
| Net Income | 402.49M | 314.63M | 587.03M | 705.10M | 291.18M | 503.61M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 10.98B | 7.87B | 7.80B | 5.22B | 5.79B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 5.02B | 4.54B | 784.89M | 319.97M | 759.14M |
| Total Debt | 0.00 | 2.39B | 956.71M | 992.77M | 596.75M | 823.78M |
| Total Liabilities | -4.41B | 6.57B | 4.02B | 4.58B | 2.65B | 3.50B |
| Stockholders Equity | 4.41B | 4.41B | 3.84B | 3.23B | 2.57B | 2.29B |
Cash Flow | ||||||
| Free Cash Flow | -1.12B | 1.41B | 147.59M | -326.90M | 104.07M | -180.55M |
| Operating Cash Flow | -1.04B | 1.45B | 315.76M | -296.32M | 146.92M | -180.55M |
| Investing Cash Flow | -60.37M | -2.08B | -209.89M | 61.91M | -2.10M | 130.45M |
| Financing Cash Flow | 1.10B | 1.68B | -144.06M | 273.70M | -318.05M | 177.61M |
Arihant Capital Markets Limited Technical Analysis
Positive
90.56
Price Trends
76.72
Positive
73.10
Positive
77.15
Positive
Market Momentum
0.96
Negative
58.06
Neutral
71.69
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 90.56 is above the 20-day moving average (MA) of 78.41, above the 50-day MA of 76.72, and above the 200-day MA of 77.15, indicating a bullish trend. The MACD of 0.96 indicates Negative momentum. The RSI at 58.06 is Neutral, neither overbought nor oversold. The STOCH value of 71.69 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹21.59B | 29.58 | ― | 1.96% | -4.13% | -52.99% | |
65 Neutral | ₹8.94B | 21.45 | ― | 0.62% | 3.41% | -25.84% | |
63 Neutral | ₹6.57B | 32.61 | ― | 0.62% | 18.60% | -61.27% | |
62 Neutral | ₹17.08B | 13.02 | ― | 1.49% | 12.02% | -11.03% | |
59 Neutral | ₹6.65B | 12.28 | ― | ― | 7.94% | -25.92% | |
57 Neutral | ₹9.82B | 24.28 | ― | ― | -1.44% | -31.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:ARIHANTCAP
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80.53
-29.21
-26.62%
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Arihant Capital Markets Limited Corporate Events
Arihant Capital Publishes AGM, E-Voting and Dividend Notices in Newspapers
Sep 4, 2026
Arihant Capital Markets Limited notified the stock exchanges that it has published newspaper notices regarding its 34th Annual General Meeting, including details on the AGM notice, remote e-voting arrangements, record date, and dividend informatio...
Arihant Capital Markets Names Sanjeev Jain as Chief Financial Officer
Aug 20, 2026
Arihant Capital Markets Limited has announced the appointment of Sanjeev Jain as Chief Financial Officer, effective August 20, 2026, following the approval of its Nomination, Remuneration and Audit Committees. Jain, a chartered accountant with mor...
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.