Arihant Capital Markets Ltd (ARIHANTCAP)

📊 Quarterly Results (₹ Cr)

Revenue growth has accelerated significantly, with Q1 standalone revenue rising to ₹7,513.46 lakhs from ₹5,092.47 lakhs YoY, and consolidated revenue reaching ₹7,804.81 lakhs. Operating performance improved notably, with OPM expanding to 34.7% in June 2026 from 4.2% in March 2026, indicating margin recovery. Net profit rose to ₹1,892.32 lakhs in Q1, up from ₹1,300.00 lakhs in the prior year. However, YoY profitability remains volatile, with December 2025 showing lower margins (13.9%) and modest net profit of ₹5 lakhs, suggesting seasonality or operational headwinds that management is likely addressing through cost optimization.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue or profitability in recent filings, but the CFO appointment and progress on the scheme of arrangement suggest intent to scale financial services with improved governance. The board emphasized strengthening financial oversight ahead of strategic initiatives, implying confidence in sustainable growth. No official projections were disclosed in the latest results or board meeting summaries, leaving future expectations tied to execution of the restructuring and market conditions in brokerage and wealth management.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

The balance sheet shows steady equity growth from ₹10 crore to ₹11 crore and reserves increasing from ₹365 crore to ₹430 crore over the past year, indicating retained earnings accumulation. Borrowings rose to ₹239 crore from ₹96 crore, reflecting higher capital deployment, likely for funding expansion or operational needs. Total assets grew from ₹787 crore to ₹1,098 crore, signaling asset base expansion. The leverage ratio remains conservative at 0.25, with debt levels manageable relative to equity, suggesting a balanced approach to financing growth without over-leveraging.

💰 Cash Flow Statement (₹ Cr)

👥 Shareholding Pattern

Promoter holding remains stable at 67.67% across recent quarters, indicating confidence and lack of dilution. Institutional interest is minimal, with FII and DII holdings collectively below 0.1%, though slight increases in DII from 0.01% to 0.03% and FII from 0.02% to 0.05% suggest modest accumulation. The growing shareholder base (30,214 to 32,586 shareholders) reflects rising retail participation. No pledging or significant exits were disclosed, and the stable promoter stake supports long-term alignment.

⚖️ Peer Comparison — Stock/ Commodity Brokers

🔗 Peer Stock Analyses

⚠️ Risk Factors

1. Execution risk in the composite scheme of arrangement, which requires regulatory approval and may face delays or conditions from NCLT. 2. Low institutional interest and thin float could lead to higher volatility and limited liquidity. 3. Profitability remains sensitive to market cycles in brokerage, with margin improvements in Q1 not yet sustained across quarters. 4. Dependence on key leadership appointments, such as the new CFO, introduces transition risk if integration into strategic initiatives is delayed.

📋 Recent Filings

• 🟡 voting results2026-09-26Arihant Capital Markets held its 34th Annual General Meeting on September 26, 2026 via video conferencing, with 50 promoter and public shareholders pa…
• 🟡 Board Meeting2026-09-26Arihant Capital Markets held its 34th AGM on September 26, 2026 via video conference, adopting audited standalone and consolidated financial statement…
• Announcement2026-09-26Arihant Capital Markets announced that its trading window will close on October 1, 2026, for all designated persons and their immediate relatives, rem…
• 🟡 Board Meeting2026-09-26At its 34th Annual General Meeting on September 26, 2026, shareholders approved the audited standalone and consolidated financial statements for FY202…
• 🔴 annual report2026-09-03Arihant Capital Markets Limited's FY2025-26 annual report shows a 16.78% revenue decline to [amount context mismatch] crore (from ₹248.01 crore) and a…
• 🔴 Corporate Action2026-09-02Arihant Capital Markets announced a record date of September 19, 2026, to determine eligibility for a proposed final dividend of 50% (`0.50) per share…
• 🟡 Board Meeting2026-09-02The filing announces Arihant Capital Markets Ltd's 34th Annual General Meeting scheduled for September 26, 2026, at 11:30 AM via Video Conferencing/Ot…
• 🔴 annual report2026-09-02Arihant Capital Markets Ltd reported consolidated revenue of [amount context mismatch] crore and profit after tax of ₹31.46 crore for FY2025-26, down …
• 🟡 Board Meeting2026-09-02Arihant Capital Markets announced that shareholders can vote electronically for its 34th Annual General Meeting on September 26, 2026, using National …
• 🟡 Board Meeting2026-08-20The board appointed Sanjeev Jain as Chief Financial Officer effective 20 August 2026, following recommendations from the Nomination and Remuneration C…

🧠 Analyst's Read

Arihant Capital Markets is repositioning for growth through governance upgrades and structural simplification, but near-term performance hinges on regulatory clearance of its scheme of arrangement and sustained margin expansion. Investors should monitor progress on NCLT approval, client acquisition trends, and the new CFO’s impact on financial discipline. The stock remains sensitive to broader market sentiment in the financial services sector.

Based on filing content and financial data. Not a recommendation.