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Arihant Capital Markets Limited
(ARIHANTCAP)
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Rating:63Neutral
Price Target:
₹97.00
▲(7.11% Upside)
Action:Reiterated
Date:09/23/26
The score is driven primarily by improving financial performance, highlighted by sharp FY2026 growth and a rebound in operating/free cash flow, tempered by historical volatility and higher leverage. Technically, the uptrend is supportive, but overbought signals raise near-term risk. Valuation is only moderately attractive given the P/E and low dividend yield.
Positive Factors
Strong revenue growth
Sharp 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 leverage
The 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sharp 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.
Read all positive factors
Arihant Capital Markets Limited (ARIHANTCAP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.47B
Dividend Yield0.52%
Average Volume (3M)51.27K
Price to Earnings (P/E)25.6
Beta (1Y)1.42
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. Volume28,640
30 Day Avg. Volume51,267
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 | 1.43B | 4.54B | 784.89M | 319.97M | 759.14M |
| Total Debt | 0.00 | 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
Positive
90.56
Price Trends
80.77
Positive
75.49
Positive
76.18
Positive
Market Momentum
4.29
Negative
68.12
Neutral
79.04
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 87.07, above the 50-day MA of 80.77, and above the 200-day MA of 76.18, indicating a bullish trend. The MACD of 4.29 indicates Negative momentum. The RSI at 68.12 is Neutral, neither overbought nor oversold. The STOCH value of 79.04 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹10.47B | 25.65 | ― | 0.52% | 3.41% | -25.84% | |
62 Neutral | ₹20.93B | 29.06 | ― | 2.00% | -4.13% | -52.99% | |
61 Neutral | ₹22.56B | 18.73 | ― | 1.12% | 12.02% | -11.03% | |
59 Neutral | ₹6.38B | 12.01 | ― | ― | 7.94% | -25.92% | |
58 Neutral | ₹7.29B | 36.06 | ― | 0.56% | 18.60% | -61.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹10.55B | 26.02 | ― | ― | -1.44% | -31.76% |
* General Sector Average
IN:ARIHANTCAP
Arihant Capital Markets Limited
95.56
-13.61
-12.47%
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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.