Arihant Capital Markets (ARIHANTCAP)₹97.51+2.73%Stockbroking & Allied
In the Sep 2026 quarter (consolidated), Arihant Capital Markets reported sales of ₹76.02 Cr, up 33.3% from Sep 2025, and net profit of ₹21.08 Cr, up 61.7% year on year. For the year to Mar 2026, sales were ₹206 Cr and net profit ₹31.09 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 73.09 | 64.03 | 73.04 | 76.13 | 52.01 | 46.01 | 51.07 | 57.05 | 49.06 | 49.06 | 78.06 | 76.02 |
| Expenses | 42.85 | 26.91 | 42.85 | 45.79 | 34.85 | 30.88 | 29.89 | 32.85 | 34.85 | 40.86 | 42.80 | 39.87 |
| Operating Profit | 28.91 | 36.90 | 29.93 | 30.90 | 16.96 | 14.96 | 19.93 | 23.93 | 13.96 | 7.98 | 34.88 | 35.92 |
| OPM % | 41.1% | 58.0% | 41.0% | 40.1% | 32.0% | 32.1% | 40.1% | 42.0% | 28.0% | 16.1% | 45.0% | 47.0% |
| Other Income | 1.01 | 0.00 | 1.01 | 1.01 | 5.01 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 |
| Interest | 4.01 | 4.01 | 5.01 | 6.02 | 5.02 | 4.01 | 4.01 | 6.02 | 6.02 | 5.02 | 7.02 | 7.02 |
| Depreciation | 0.99 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 0.99 | 1.01 |
| Profit before tax | 26.01 | 32.99 | 24.99 | 24.99 | 15.99 | 10.99 | 15.99 | 17.01 | 7.01 | 1.99 | 27.98 | 27.99 |
| Tax % | 24.0% | 24.0% | 25.0% | 21.0% | 25.0% | 27.0% | 22.0% | 23.0% | 27.0% | 67.0% | 24.0% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 20.07 | 25.08 | 19.06 | 20.05 | 12.04 | 8.03 | 13.05 | 13.04 | 5.02 | 0.00 | 21.06 | 21.08 |
| EPS (Rs) | 1.89 | 2.38 | 1.82 | 1.93 | 1.19 | 0.75 | 1.23 | 1.26 | 0.48 | 0.06 | 1.97 | 1.92 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 56.09 | 87.04 | 102 | 93.06 | 91.12 | 116 | 170 | 138 | 235 | 247 | 206 | 252 |
| Expenses | 38.83 | 47.84 | 57.72 | 57.77 | 57.80 | 66.72 | 96.63 | 85.62 | 128 | 151 | 137 | 158 |
| Operating Profit | 16.95 | 38.88 | 43.86 | 34.87 | 32.88 | 48.87 | 72.77 | 50.82 | 107 | 94.74 | 68.80 | 92.74 |
| OPM % | 30.1% | 45.1% | 43.0% | 38.1% | 36.0% | 42.0% | 43.0% | 37.1% | 45.0% | 38.1% | 34.1% | 36.8% |
| Other Income | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 1.01 | 3.01 | 7.02 | 1.01 | 2.02 |
| Interest | 3.01 | 13.03 | 14.04 | 11.04 | 9.03 | 4.01 | 7.02 | 11.02 | 14.04 | 22.05 | 24.08 | 25.08 |
| Depreciation | 1.01 | 1.01 | 1.01 | 0.99 | 0.99 | 0.99 | 0.99 | 1.99 | 2.01 | 3.01 | 3.01 | 4.02 |
| Profit before tax | 12.99 | 24.99 | 30.01 | 24.01 | 23.01 | 43.99 | 64.93 | 39.01 | 92.96 | 76.95 | 41.96 | 64.97 |
| Tax % | 33.0% | 33.0% | 31.0% | 31.0% | 24.0% | 21.0% | 23.0% | 26.0% | 24.0% | 24.0% | 25.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.03 | −0.39 | 0.25 | 0.00 | 4.06 | −0.18 | 0.00 |
| Net Profit | 9.03 | 17.07 | 21.06 | 17.05 | 17.06 | 35.10 | 50.20 | 29.09 | 71.24 | 59.19 | 31.09 | 47.16 |
| EPS (Rs) | 0.83 | 1.61 | 2.00 | 1.62 | 1.69 | 3.34 | 4.85 | 2.81 | 6.78 | 5.66 | 2.88 | 4.43 |
| Dividend payout % | 18.0% | 9.0% | 8.0% | 9.0% | 12.0% | 6.0% | 6.0% | 14.0% | 7.0% | 9.0% | 17.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.98 | 9.98 | 9.98 | 9.97 | 9.98 | 9.98 | 9.98 | 9.99 | 9.97 | 9.98 | 9.97 | 10.96 |
| Reserves | 65.90 | 72.81 | 89.81 | 108 | 124 | 139 | 172 | 218 | 245 | 311 | 373 | 429 |
| Borrowings | 0.00 | 0.00 | 7.99 | 94.69 | 109 | 40.93 | 55.94 | 81.92 | 59.80 | 98.83 | 95.84 | 238 |
| Other Liabilities | 61.70 | 56.72 | 90.56 | 94.54 | 98.53 | 143 | 222 | 266 | 205 | 357 | 306 | 415 |
| Total Liabilities | 139 | 140 | 199 | 308 | 342 | 334 | 460 | 577 | 520 | 777 | 785 | 1,093 |
| Fixed Assets | 10.99 | 17.98 | 18.97 | 20.98 | 20.98 | 20.98 | 19.99 | 11.99 | 13.98 | 14.98 | 28.97 | 33.94 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 12.99 | 0.00 | 14.99 | 2.99 | 15.01 | 8.01 | 16.01 | 25.96 | 18.99 | 14.98 | 23.99 | 36.01 |
| Other Assets | 115 | 122 | 164 | 284 | 305 | 306 | 424 | 539 | 487 | 748 | 732 | 1,023 |
| Inventories | 19.07 | 36.12 | 33.14 | 47.19 | 32.13 | 38.12 | 36.14 | 27.09 | 7.02 | 31.12 | 49.15 | 86.32 |
| Trade receivables | 27.95 | 26.97 | 66.95 | 117 | 129 | 74.93 | 152 | 196 | 173 | 95.96 | 96.87 | 97.94 |
| Cash & equivalents | 57.77 | 45.86 | 51.83 | 106 | 112 | 159 | 214 | 242 | 205 | 404 | 404 | 507 |
| Total Assets | 139 | 140 | 199 | 308 | 342 | 334 | 460 | 577 | 520 | 777 | 785 | 1,093 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.99 | −12.96 | 13.97 | −45.89 | −3.99 | 118 | −31.90 | −17.96 | 14.96 | −29.91 | 31.89 | −122 |
| Cash from investing activity | 5.99 | 4.99 | −15.99 | 15.98 | −3.99 | −1.99 | −6.99 | 12.98 | 0.00 | 5.99 | −20.99 | −21.96 |
| Cash from financing activity | −2.01 | −4.02 | 8.03 | 85.34 | 3.01 | −77.28 | 10.04 | 18.06 | −32.13 | 27.09 | −14.05 | 153 |
| Net cash flow | 6.01 | −12.01 | 6.01 | 54.10 | −5.01 | 38.06 | −28.03 | 13.02 | −17.04 | 4.01 | −4.01 | 9.01 |
| Capex | 0.00 | 8.42 | 2.13 | 2.65 | 1.18 | 1.06 | 0.73 | 0.00 | 4.29 | 3.07 | 16.88 | 4.07 |
| Free cash flow | 10.04 | −22.08 | 12.04 | −49.20 | −5.02 | 117 | −32.14 | −11.04 | 10.04 | −33.12 | 15.06 | −126 |
| CFO / OP % | 28.0% | −50.0% | 57.0% | −84.0% | 8.0% | 382.0% | −46.0% | −9.0% | 52.0% | −8.0% | 53.0% | −159.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 164 | 179 | 282 | 417 | 503 | 303 | 478 | 421 | 459 | 150 | 143 | 174 |
| Inventory days | — | — | 1,135 | — | — | — | — | — | — | — | — | — |
| Days payable | — | — | 2,291 | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 164 | 179 | −873 | 417 | 503 | 303 | 478 | 421 | 459 | 150 | 143 | 174 |
| Working capital days | −40 | 115 | 77 | −43 | 287 | −198 | −72 | −53 | −38 | −317 | −201 | −351 |
| ROCE % | 26.9% | 20.0% | 40.0% | 27.0% | 14.9% | 14.9% | 22.0% | 27.0% | 16.0% | 29.0% | 21.0% | 10.9% |
For the Sep 2026 quarter, Arihant Capital Markets reported sales of ₹76.02 Cr, up 33.3% year on year and net profit of ₹21.08 Cr, up 61.7% year on year. The operating margin was 47.0%.
Arihant Capital Markets' sales for the year to Mar 2026 were ₹206 Cr; over the last twelve months they were ₹252 Cr.
Net profit for the year to Mar 2026 was ₹31.09 Cr, and ₹47.16 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.43.
Arihant Capital Markets reported borrowings of ₹238 Cr at Mar 2026, against cash and equivalents of ₹507 Cr.
Cash from operations was −₹122 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹126 Cr.