ARIHANTCAPFinancial Services

Arihant Capital Markets Limited

Stockbroking & Allied · ISIN INE420B01036 · BSE 511605 · NSE EQ · FV ₹1
Last price
₹81
+0.94%today
What this company does

Arihant Capital Markets Limited operates in Stockbroking & Allied, part of the Financial Services sector. It booked ₹78 cr of revenue in its latest quarter (Q1 FY27) and kept 27.6% of sales as profit.

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 95–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
58

At close. Not part of the score.

Profitability & returns76

How much profit it earns on the money it employs

Cash quality21

Whether reported profit actually arrives as cash

Growth & consistency41

Whether sales and profit have grown, and how steadily

Valuation29

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 28% net margin
Sales up 53% vs last year
Profit up 69% vs last year
Promoters hold 68%
No promoter shares pledged
Strong 19% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in ARIHANTCAP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹81 +0.94%
latest close · 2026-09-17
52-wk low ₹7395 sessions so far52-wk high ₹95
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio10.4Low
LowAverageHigh
P/B ratio2.02Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.5%Strong
WeakFairStrong ▸15%
Net margin27.6%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.49Comfortable
LowModerateHigh ▸1
More figures
Market cap
₹890 cr
Book value
₹40
EPS
₹1.96
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
7.8%
Earnings yield
9.65%
P/S
2.86
Sales / share
₹28.4
Tax rate
24.5%
Face value
₹0
Shares
11.0 cr
Working capital
Current assets
Current liabilities
Delivery %
53.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹50 vs market price ₹81 — price is 63% above it
Safety cushion-63.1%(target ≥ +20%)
Models span ₹37₹63, midpoint ₹50
Model ₹50
Price ₹81
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹78 cr
Other Income₹13.4 L
Total Income₹78 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹10 cr
Finance Costs₹7 cr
Depreciation & Amortisation₹90.4 L
Other Expenses₹8 cr
Total Expenses₹51 cr
Profit before Tax₹27 cr
Tax Expense₹7 cr
Share of JV / Associates₹95.9 L
Net Profit₹21 cr
Net margin on total income27.5%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹10 cr13.0%
Finance costs₹7 cr9.4%
Depreciation & amortisation₹90.4 L1.1%
Other expenses₹32 cr40.9%
Tax expense₹7 cr8.4%
Profit for the period₹21 cr27.2%
Total income ₹78 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue49 cr49 cr78 cr
Total income49 cr49 cr78 cr
Expenses42 cr47 cr51 cr
Profit before tax7 cr2 cr27 cr
Tax2 cr1 cr7 cr
Net profit (owners' share)5 cr11 cr21 cr
Net margin (owners' share, on revenue)10.6%22.5%27.6%
EPS (₹)0.490.001.96
YoY (latest quarter): total income +53.7% · net profit +69.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,098 cr
Shareholder equity
₹441 cr
parent shareholders
Total debt
₹215 cr
Cash
₹29 cr
Cash flow · H1 FY26
Operating
₹-104 cr
Investing
₹-6 cr
Financing
₹110 cr
Peer comparison
Stockbroking & Allied · by market value
CompanyPriceMarket capP/E
Billionbrains Garage Ventures Limited₹187₹1.17 L cr39.4
Motilal Oswal Financial Services Limited₹989₹59,534 cr11.7
360 ONE WAM LIMITED₹1,061₹43,163 cr32.6
Nuvama Wealth Management Limited₹1,687₹30,803 cr25.1
Angel One Limited₹295₹26,949 cr29.0
IIFL Capital Services Limited₹337₹10,562 cr14.2
Share India Securities Limited₹218₹4,780 cr9.6
Anand Rathi Share and Stock Brokers Limited₹501₹3,155 cr33.7
Monarch Networth Capital Limited₹368₹2,917 cr16.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.62%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 19 Sep 2025
ActionDetailEx-date
Dividend₹0.5 / share19 Sep 2025
Dividend₹0.5 / share20 Sep 2024
Dividend₹0.4 / share28 Jul 2023
Dividend₹0.15 / share14 Jul 2022
Stock splitStock Split From Rs.5/- to Rs.1/-12 Apr 2022
Dividend₹0.75 / share14 Mar 2022
Who owns it · 2026-06-30
No pledge
Promoter
67.7%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
32.3%
Promoter stake down 2.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtArpit Jain HUF · Promoter Group25.00 L · ₹17.1 cr17 Feb 26
BoughtAshok Kumar Jain HUF · Promoter Group25.00 L · ₹17.1 cr17 Feb 26
SoldKiran Jain · Promoters35.00 L · ₹35.0 cr17 Nov 25
Bulk / block deals
BoughtSW CAPITAL PRIVATE LIMITED · NSE8.60 L @ ₹84.1623 Feb 26
SoldSW CAPITAL PRIVATE LIMITED · NSE7.14 L @ ₹82.3723 Feb 26
SoldSW CAPITAL PRIVATE LIMITED · NSE5.62 L @ ₹96.97 Jan 26
Stake changes
BoughtArpit Jain HUF · promoter→ 2.28% · 25.00 L18 Feb 26
BoughtAshok Kumar Jain HUF · promoter→ 2.28% · 25.00 L18 Feb 26
SoldMrs. Kiran Jain · promoter→ 19.34% · 35.00 L17 Nov 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Sep 2025
See the official result
1
Considered and Adopted: The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Statutory Auditors thereon; and The Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Statutory Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
54.23 L votes for, 270 against · 0% of mutual funds and other big investors said no
2
Declared the final dividend of ₹ 0.50 (50%) per equity share of face value of ₹ 1.00 each fully paid-up for the financial year ended March 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
54.23 L votes for, 270 against · 0% of mutual funds and other big investors said no
3
Appointed Mr. Arpit Jain (DIN: 06544441), as Director, who retires by rotation at the Annual General Meeting and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
54.23 L votes for, 320 against · 0% of mutual funds and other big investors said no
4
Appointment of Ms. Swati Jain at office or place of profit in the company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
54.22 L votes for, 1,761 against · 100% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 67.7% between them · as of 2026-06-30
ASHOK KUMAR JAIN30.59%
KIRAN JAIN18.38%
ARPIT JAIN5.24%
SUNIL KUMAR JAIN4.88%
SHRUTI JAIN2.84%
ARPIT JAIN HUF2.28%
ASHOK KUMAR JAIN HUF2.28%
RATIK JAIN0.88%
Business done with them
FY2025 · 8 of the group
The company paid ₹10 cr to companies in the promoter group last year — about 4.2% of its ₹247 cr revenue.
Ashok Kumar Jain
Other payments to them · Salary, Incentive, Rent
also owns 30.59% of the company
₹4 cr
company paid
Arpit Jain
Other payments to them · Salary, Incentive, Rent
also owns 5.24% of the company
₹3 cr
company paid
Sunil Kumar Jain
Other payments to them · Sitting Fees, Interest
also owns 4.88% of the company
₹98.2 L
company paid
Meena Jain
Other payments to them · Interest
also owns 0.14% of the company
₹86.8 L
company paid
Kiran Jain
Other payments to them · Salary, Incentive, Rent
also owns 18.38% of the company
₹60.7 L
company paid
Shruti Jain
Other payments to them · Salary
also owns 2.84% of the company
₹42 L
company paid
Swati Jain
Other payments to them · Professional Fees, Interest
₹15 L
company paid
Kamal Kumar Jain
Other payments to them · Interest
₹0.96 L
company paid

The company also transacted with 15 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in Nov 2025 by conversion of warrants into equity shares on preferetial basis

As of Dec 2025, the company says it has spent 100% of what it set aside.

Issue Proceeds in money market instruments including money market mutual funds, deposits in scheduled commercial banks, securities Issued by government of India or any other investments
100%
of what was set aside

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Money raised in Sep 2025 by selling shares to selected investors

As of Sep 2025, the company says it has spent 5% of what it set aside.

Business Growth, Expansion, Technology & Infrastructure Upgrade and Strategic Initiatives & Diversification
5%
of what was set aside
Working Capital & Capital Expenditure
5%
of what was set aside
General Corporate Purposes
5%
of what was set aside

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.