Arihant Superstructures Limited (ARIHANTSUP)

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Arihant Superstructures Limited (ARIHANTSUP) · mywealthgrid

About

Arihant Superstructures develops residential and commercial real estate projects, operating at a ₹1,069 Cr market cap scale. The company sustains margins above 20% in recent quarters with consistent profitability and annual dividends, though revenue and earnings fluctuate significantly with project cycles.

Face value: ₹10

Market cap

₹936 Cr

P/E

23.4×

P/B

2.6×

Dividend yield

0.8%

ROE

13.7%

ROCE

11.2%

Debt / equity

2.4

OPM

23%

EPS (TTM)

₹9.2

Book value

₹84.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Financial leverage at D/E 2.4 limits flexibility if real estate cycle weakens or financing costs rise; verify debt covenants and refinancing schedule.
Stock declined 41% YoY while trading at PE 26.79 against ROE 13.69%, suggesting either overvaluation or unmet growth expectations; clarify which.
Revenue and profitability highly volatile across quarters (₹13–181 Cr revenue, OPM 14–48%), indicating project-cycle risk and execution variability.
Institutional investors nearly absent (FII 0.18%, DII 0%); verify what professional scrutiny has uncovered.

Generated analysis · source review pending

Growth drivers

Operating margins stabilised above 20% in recent quarters (20.94%, 22.96%, 24.42%, 28.96%), suggesting improved project mix or execution capability.
Consistent annual dividend payouts (2023–2026) and recent margin expansion indicate stable cash generation; verify capital deployment into new projects vs. shareholder returns.
Real estate sector recovery in residential and commercial segments offers demand tailwind; verify company's project pipeline, geographic exposure, and positioning.
At ₹1,069 Cr market cap, company has room to scale within fragmented realty market; verify market-share gains and execution track record.

Generated analysis · source review pending

2,347 historical price candles were omitted because the exchange source has not been verified.

₹216.6-5.9%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 23%
+Profit CAGR of 58.7% over the last 5 years
+Revenue CAGR of 15.3% over the last 5 years
+High promoter holding of 71.1% with no pledge

Cons

−Heavily leveraged (debt/equity 2.4)
−Weak interest coverage of 1.9×

Research score

Structured signal from quality, growth, valuation and momentum.

38/100

Business quality: 24
Growth: 26
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	239	233	270	331	389	510	499	551
COGS	144	153	183	197	245	308	284	332
Gross profit	95	80	88	134	145	202	215	219
	41	37	40	64	67	89	110	92
	54	43	48	70	78	113	104	127
OPM %	22.6%	18.5%	17.8%	21.1%	19.9%	22.2%	20.9%	23%
Depreciation	2	2	2	2	2	2	2	3
Interest	32	30	28	21	26	26	40	68
	3	5	2	2	2	1	5	5
Profit before tax	23	16	20	49	52	86	66	61
Tax	4	5	4	7	10	17	12	15
Tax %	19.4%	29.1%	21.4%	14.7%	18.3%	19.7%	17.4%	24.6%
	18	11	16	41	43	69	55	46
PAT margin %	7.7%	4.7%	5.8%	12.5%	11%	13.6%	11%	8.4%
EPS (₹)	3.3	1.4	5.4	10	10	10.9	10	10.7
EPS adjusted (₹)	—	—	1.1	10.1	10.4	9.6	10.8	10.7
	15.1%	0%	0%	0%	5%	11%	15%	2.3%
Annual report	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	41	41	41	51	51	43
Reserves	98	137	169	216	259	320
Minority interest	25	25	36	56	69	86
	296	299	332	477	738	873
	230	352	455	396	470	447
Total equity & liabilities	689	854	1,033	1,197	1,586	1,770
	20	9	10	9	80	89
CWIP	0	—	0	0	4	21
Investments	0	11	12	12	15	16
	668	834	1,011	1,176	1,488	1,644
Total assets	689	854	1,033	1,197	1,586	1,770

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39.7%	34.4%	32.4%	40.5%	37.1%	39.5%	43%	39.7%
EBITDA margin %	22.6%	18.5%	17.8%	21.1%	19.9%	22.2%	20.9%	23%
EBIT margin %	21.8%	17.6%	17%	20.5%	19.4%	21.8%	20.4%	22.5%
PAT margin %	7.7%	4.7%	5.8%	12.5%	11%	13.6%	11%	8.4%
Working capital
Receivable days	—	—	35	66	80	74	83	67
Inventory days	—	—	709	829	721	657	935	986
Payable days	—	—	106	115	111	76	98	98
NWC days	—	—	639	780	690	656	921	955
Leverage
Current ratio	—	—	2.31	1.68	2.04	1.61	2.86	2.9
Debt to EBITDA	—	—	6.15	4.3	4.28	4.22	7.08	6.9
Debt to equity	—	—	2.13	1.68	1.58	1.79	2.39	2.4
Interest coverage	1.7	1.5	1.7	3.3	3	4.3	2.6	1.9
Asset turnover	—	—	0.39	0.39	0.38	0.43	0.31	0.31
Return ratios
Return on assets %	—	—	2.3%	4.8%	4.1%	5.8%	3.4%	2.6%
Return on capital employed %	—	—	11.6%	17.6%	16.7%	17.3%	11.7%	11.2%
Return on equity %	—	—	11.3%	23.2%	20.3%	25.9%	17.7%	12.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	71.1%	71.1%	71.1%	71.1%	71.1%
	0.56%	0%	0%	0.03%	0.02%	0.31%	0.18%	0.17%	0.18%	0.22%	0.17%	0.18%
	0%	0%	0%	0%	0%	0%	0%	0.01%	0%	0.03%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	24.73%	25.29%	25.29%	25.26%	25.27%	24.98%	25.11%	28.72%	28.72%	28.65%	28.73%	28.72%
No. of shareholders	—	—	—	—	—	—	—	—	7,239	7,000	6,753	7,103

Promoter holding down 3.61 percentage points since Sep 2023.

15 deals · 27 Jul 2022 – 18 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	4,61,035	₹284.67	₹13.12 Cr
18 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	4,61,035	₹284.43	₹13.11 Cr
18 May 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Buy	3,20,638	₹284.20	₹9.11 Cr
18 May 2026	SILVERLEAF CAPITAL SERVICES PRIVATE LIMITED	Bulk	NSE	Sell	3,20,638	₹284.53	₹9.12 Cr
18 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	2,35,499	₹282.00	₹6.64 Cr
18 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	2,31,400	₹282.11	₹6.53 Cr
14 Jul 2025	SHREE CAPITAL SERVICES LTD	Bulk	NSE	Buy	3,61,000	₹415.00	₹14.98 Cr
9 Sept 2022	NAKSHATRA GARMENTS PRIVATE LIMITED	Bulk	NSE	Buy	3,54,352	₹244.49	₹8.66 Cr
9 Sept 2022	NAKSHATRA GARMENTS PRIVATE LIMITED	Bulk	NSE	Sell	2,59,495	₹247.37	₹6.42 Cr
26 Aug 2022	NAKSHATRA GARMENTS PRIVATE LIMITED	Bulk	NSE	Buy	2,80,014	₹200.77	₹5.62 Cr

1–10 of 15

1 / 2

Mr. ASHOKKUMAR BHANWARLAL CHHAJERExecutive Director-Chairperson related to Promoter-MD
Mr. NIMISH SHASHIKANT SHAHExecutive Director
Mr. PARTH ASHOKKUMAR CHHAJERExecutive Director
Mr. PRAMOD VYANKATESH DESHPANDENon-Executive - Independent Director
Mr. BHAVIK ASHOKKUMAR CHHAJERExecutive Director
Mr. ABODH KHANDELWALNon-Executive - Independent Director
Mrs. SHEETAL MANDAR BHILKARNon-Executive - Independent Director
Mr. Raghuveer Singh RajpurohitNon - Executive Independent Director
Mr. Udit KaseraChief Financial Officer
Mr. Manoj DhondgeCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Arihant Superstructures Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPTREC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

5 announcementsExport CSV

28 Sept 2026, 11:47 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

3 Sept 2026, 12:12 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

2 Sept 2026, 9:45 pmCompany Update

Web-Link Of The Notice Of The 43Rd Annual General Meeting Of The Shareholders Of Arihant Superstructures Limited And Annual Report FY 2025-26.

General PDF

2 Sept 2026, 9:42 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

2 Sept 2026, 9:35 pmAGM/EGM

Shareholder Meeting - 43Rd AGM On September 24, 2026.

AGM PDF

Date	Category	Subject	Filing
28 Sept 2026, 11:47 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
3 Sept 2026, 12:12 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	39.7%	34.4%	32.4%	40.5%	37.1%	39.5%	43%	39.7%
EBITDA margin %	22.6%	18.5%	17.8%	21.1%	19.9%	22.2%	20.9%	23%
EBIT margin %	21.8%	17.6%	17%	20.5%	19.4%	21.8%	20.4%	22.5%
PAT margin %	7.7%	4.7%	5.8%	12.5%	11%	13.6%	11%	8.4%
Working capital
Receivable days	—	—	35	66	80	74	83	67
Inventory days	—	—	709	829	721	657	935	986
Payable days	—	—	106	115	111	76	98	98
NWC days	—	—	639	780	690	656	921	955
Leverage
Current ratio	—	—	2.31	1.68	2.04	1.61	2.86	2.9
Debt to EBITDA	—	—	6.15	4.3	4.28	4.22	7.08	6.9
Debt to equity	—	—	2.13	1.68	1.58	1.79	2.39	2.4
Interest coverage	1.7	1.5	1.7	3.3	3	4.3	2.6	1.9
Asset turnover	—	—	0.39	0.39	0.38	0.43	0.31	0.31
Return ratios
Return on assets %	—	—	2.3%	4.8%	4.1%	5.8%	3.4%	2.6%
Return on capital employed %	—	—	11.6%	17.6%	16.7%	17.3%	11.7%	11.2%
Return on equity %	—	—	11.3%	23.2%	20.3%	25.9%	17.7%	12.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	121	21	-12	-147	-178	-71
	-1	-1	-2	-1	-80	-27
	-119	-17	7	154	261	94
Net cash flow	1	3	-7	7	3	-4
Free cash flow	119	19	-12	-148	-254	-71
CFO / Operating profit %	250.9%	29.8%	-15.2%	-129.6%	-170.6%	-55.9%

Arihant Superstructures Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Not in the F&O segment

No fund holdings on record

15

1

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Arihant Superstructures Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Dividends15

Board meetings1

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

15

1