Arihant Capital Markets Limited (ARIHANTCAP) AI Stock Analysis

Arihant Capital Markets Limited

(NSE:ARIHANTCAP)

Select Model

Rating:75Outperform

Price Target:INR 102.00▲(20.51% Upside)

Action:reiterated

Date:09/23/26

The overall score is driven mainly by solid but cyclical financial performance, with strong revenue growth, improved profitability, and moderate leverage offset by historically volatile margins and cash flows. Technicals add positively, as the stock is in an uptrend above key moving averages, though overbought momentum indicators limit the upside score. Valuation is supportive but not a major strength, with a mid-20s P/E and modest yield reflecting a fairly priced rather than deeply discounted capital-markets franchise.

Positive Factors

Strong revenue growthSharp FY2026 revenue growth, following steady expansion in earlier years, indicates stronger business activity and improving market reach. If sustained, this scale can support operating investment, broaden the client base, and provide a durable foundation for future earnings growth.

Negative Factors

Rising leverageThe marked increase in debt relative to equity reduces financial flexibility and makes the balance sheet more sensitive to weaker operating conditions. Higher leverage can also increase funding costs and constrain the company’s ability to deploy capital toward growth or absorb earnings volatility.

Arihant Capital Markets Limited (ARIHANTCAP) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 7.73B
Dividend Yield: 0.59%
Average Volume (3M): 34.32K
Price to Earnings (P/E): 22.7
Beta (1Y): 1.34
Revenue Growth: 22.07%
EPS Growth: 0.35%
Country: India
Employees: 456
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

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 founded b...

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 tr...

Arihant Capital Markets Limited Financial Statement Overview

Summary

Financial performance is attractive: revenue has grown strongly with recent EBIT and EBITDA solid, leverage is moderate, and cash generation has improved, but volatile margins and historically uneven cash flows keep the profile short of clearly strong.

Income Statement

78Positive

Balance Sheet

82Very Positive

Cash Flow

72Positive

Financial statement breakdown
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	10.98B	7.87B	7.80B	5.22B	5.79B
Cash, Cash Equivalents and Short-Term Investments	0	1.43B	4.54B	784.89M	319.97M	759.14M
Total Debt	0	2.39B	1.20B	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

Technical Analysis SentimentNegative

Last Price84.64

Price Trends

50DMA86.17Negative

100DMA79.43Positive

200DMA76.35Positive

Market Momentum

MACD0.62Positive

RSI38.99Neutral

STOCH23.37Neutral

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 84.64 is below the 20-day moving average (MA) of 93.33, below the 50-day MA of 86.17, and above the 200-day MA of 76.35, indicating a neutral trend. The MACD of 0.62 indicates Positive momentum. The RSI at 38.99 is Neutral, neither overbought nor oversold. The STOCH value of 23.37 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:ARIHANTCAP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ARIHANTCAP	75Outperform	INR 9.28B	22.74	―	0.59%	22.07%	0.35%
IN:SMCGLOBAL	74Outperform	INR 18.99B	16.36	―	1.32%	17.97%	18.76%
IN:GEOJITFSL	67Neutral	INR 18.05B	26.94	―	2.32%	2.10%	-43.37%
IN:5PAISA	65Neutral	INR 10.12B	28.05	―	―	8.94%	-23.92%
IN:BIRLAMONEY	63Neutral	INR 5.97B	10.81	―	―	20.02%	-2.98%
IN:EMKAY	57Neutral	INR 6.91B	13.70	―	0.60%	58.43%	107.34%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:ARIHANTCAP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:ARIHANTCAP	Arihant Capital Markets Limited	84.64	-16.23	-16.09%
IN:5PAISA	5paisa Capital Ltd.	323.90	12.35	3.96%
IN:BIRLAMONEY	Aditya Birla Money Limited	105.60	-54.40	-34.00%
IN:EMKAY	Emkay Global Financial Services Limited	251.15	-57.03	-18.50%
IN:GEOJITFSL	Geojit Financial Services Ltd	64.66	-6.93	-9.68%
IN:SMCGLOBAL	SMC Global Securities Ltd. (India)	90.68	25.00	38.06%

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 information i...

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 more t...

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.

Date of analysis: Sep 23, 2026

Arihant Capital Markets Limited AI Stock Analysis