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Northern Arc Capital Limited (NORTHARC) · mywealthgrid

Northern Arc Capital Limited

NSE:NORTHARC BSE:NORTHARC

FinancialsFinanceNIFTY MICROCAP 250 +1

₹288.7

+0.47%1 Oct close

Mkt cap

₹4,665 Cr

Watch Alert Compare

About

Northern Arc Capital Limited is a mid-tier NBFC with recent quarterly revenues of ₹730–780 Cr and operating margins of 50–58%. The company has a market cap of ₹4,546.62 Cr and maintains consistent profitability with net profits ranging from ₹95–140 Cr across recent quarters.

Face value: ₹10

Market cap

₹4,665 Cr

P/E

10.6×

P/B

1.2×

Dividend yield

ROE

11.1%

ROCE

—

Debt / equity

3.15

OPM

53.8%

EPS (TTM)

₹27.2

Book value

₹241.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings volatility: net profit ranged from ₹94.78 Cr (Sep 2025) to ₹138.62 Cr (Mar 2026); EPS fell from ₹8.58 (Mar 2026) to ₹7.54 (Jun 2026) despite rising revenue — verify root cause
Margin compression in latest quarter: OPM dropped to 54.92% (Jun 2026) from 57.54% (Mar 2026) — verify if cost inflation, competition, or portfolio mix drove this
D/E ratio not disclosed (n/a) — critical leverage metric missing for assessing NBFC borrowing structure and solvency
Zero promoter holding is unusual for Indian NBFCs — verify ownership structure and what prompted this capital base

Generated analysis · source review pending

Growth drivers

Revenue grew 26% from ₹606.27 Cr (Sep 2025) to ₹767.5 Cr (Jun 2026) — verify if growth came from loan volume, ticket size, or new product/market expansion
Operating margins sustained at 50–58% across all eight quarters — verify if pricing power reflects low credit losses or can withstand rising competition
Consistent net profit of ₹95–140 Cr quarterly builds capital; PE of 10.35 and 1y return of 23.62% suggest market sees value — verify if earnings growth expectations justify valuation
ROE of 11.08% on ₹4,546 Cr capital base — verify capital deployment strategy and whether higher-return asset classes are being targeted

Generated analysis · source review pending

497 historical price candles were omitted because the exchange source has not been verified.

₹288.7-0.7%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 53.8%
+Profit CAGR of 20.9% over the last 3 years
+Revenue CAGR of 27.3% over the last 3 years

Cons

−Heavily leveraged (debt/equity 3.1)
−Weak interest coverage of 1.6×

Research score

Structured signal from quality, growth, valuation and momentum.

72/100

Business quality: 32
Growth: 92
Valuation: 92

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.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
Tata Capital LimitedTATACAPTATACAP	₹1,35,540 Cr	₹3,71,517 Cr	₹32,695 Cr	₹24,219 Cr	73.2%	₹5,404 Cr	15.5%	—	13.3%	—
Cholamandalam Investment And Finance Company LimitedCHOLAFINCHOLAFIN	₹1,33,352 Cr	₹3,45,452 Cr	₹32,663 Cr	₹22,399 Cr	68.2%	₹5,751 Cr	16.8%	—	19.3%	—
Muthoot Finance LimitedMUTHOOTFINMUTHOOTFIN	₹1,08,289 Cr	₹2,60,075 Cr	₹33,431 Cr	₹27,558 Cr	81.4%	₹11,373 Cr	34%	—	30.9%	—
L&T Finance LimitedLTFLTF	₹66,238 Cr	₹1,76,126 Cr	₹18,928 Cr	₹11,603 Cr	61.1%	₹3,226 Cr	16.7%	—	11.2%	—
Sbi Cards And Payment Services LimitedSBICARDSBICARD	₹53,594 Cr	₹97,658 Cr	₹20,063 Cr	₹5,374 Cr	26.7%	₹2,275 Cr	10.9%	—	14.7%	—
Hdb Financial Services LimitedHDBFSHDBFS	₹51,335 Cr	₹1,38,733 Cr	₹16,300 Cr	₹9,318 Cr	57.2%	₹2,176 Cr	13.4%	—	14.7%	—
Sundaram Finance LimitedSUNDARMFINSUNDARMFIN	₹48,838 Cr	₹1,18,475 Cr	₹10,104 Cr	₹7,957 Cr	78.3%	₹2,220 Cr	21%	—	14.7%	—
Piramal Finance LimitedPIRAMALFINPIRAMALFIN	₹45,868 Cr	₹1,25,857 Cr	₹11,852 Cr	₹7,051 Cr	59.5%	₹1,504 Cr	12.7%	—	5.3%	—
Authum Investment & Infrastructure LimitedAIILAIIL	₹45,797 Cr	₹49,133 Cr	₹2,863 Cr	₹2,451 Cr	88.2%	₹3,582 Cr	74%	—	13.1%	—
Mahindra & Mahindra Financial Services LimitedM&MFINM&MFIN	₹44,445 Cr	₹1,72,816 Cr	₹21,733 Cr	₹13,785 Cr	62.5%	₹3,253 Cr	13.6%	—	11.9%	—
Poonawalla Fincorp LimitedPOONAWALLAPOONAWALLA	₹38,161 Cr	₹86,259 Cr	₹7,813 Cr	₹4,291 Cr	52.7%	₹787 Cr	8%	—	5.9%	—

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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 2023	Mar 2024	Mar 2025	Mar 2026
	1,305	1,890	2,342	2,690
Interest	557	726	828	895
Expenses	419	741	1,121	1,243
Financing profit	329	422	392	553
Financing margin %	25.2%	22.3%	16.7%	20.6%
Other income	6	16	14	10
Depreciation	12	17	18	19
Profit before tax	321	420	386	536
Tax	79	103	85	132
Tax %	24.6%	24.4%	22%	24.7%
PAT	242	318	301	404
EPS (₹)	—	—	20.1	25
EPS adjusted (₹)	25.8	34.5	18.9	25.1
Annual report	—	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	89	89	161	162
Reserves	1,784	2,142	3,273	3,734
Minority interest	195	89	5	5
	7,035	9,048	9,860	12,258
	269	340	339	585
Total equity & liabilities	9,372	11,708	13,638	16,745
	41	42	49	43
CWIP	—	—	0	0
Investments	1,790	1,785	2,052	2,943
	7,540	9,881	11,537	13,759
Total assets	9,372	11,708	13,638	16,745

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1,296	-2,134	-1,047	-1,532
	-119	36	-388	-851
	928	2,045	1,586	2,283
Net cash flow	-487	-53	151	-100
Free cash flow	-1,285	-2,148	-1,065	-1,547
CFO / Operating profit %	-146.2%	-185.8%	-85.8%	-105.8%

Compounded sales growth

7 years: —
5 years: —
3 years: 27%
1 year: 15%

Compounded profit growth

7 years: —
5 years: —
3 years: 19%
1 year: 34%

Return on equity

7 years: —
5 years: —
3 years: 11%
Last year: 10%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Financing activity	2,634.3	1,467.08	16,568.65	12,758.82	3,809.83	38.51
Others	65.08	-41.22

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	67.9%	60.8%	52.1%	53.8%
EBIT margin %	67%	59.9%	51.3%	53.1%
PAT margin %	18.6%	16.8%	12.9%	15%
Working capital
Receivable days	8	5	—	—
Inventory days	—	—	0	0
Payable days	—	63	—	—
NWC days	—	—	—	—
Leverage
Current ratio	—	—	—	—
Debt to EBITDA	7.94	7.88	8.08	8.47
Debt to equity	3.76	4.05	2.87	3.15
Interest coverage	1.6	1.6	1.5	1.6
Asset turnover	0.14	0.16	0.17	0.16
Return ratios
Return on assets %	2.6%	2.7%	2.2%	2.4%
Return on capital employed %	—	—	—	—
Return on equity %	12.9%	14.2%	8.8%	10.4%

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 (%)	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoter	0%	0%	0%	0%	0%	0%	0%	0%	0%
	5.23%	4.67%	4.27%	5.23%	9.16%	7.59%	7.71%	7.51%	8.64%
	26.49%	23.41%	23.12%	22.52%	6.88%	7.44%	8.28%	7.11%	5.63%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%
	66.87%	71.86%	72.55%	72.19%	83.96%	84.96%	84%	85.37%	85.73%
No. of shareholders	—	—	—	—	—	1,04,045	1,01,790	96,297	90,306

Promoter holding up 0 percentage points since Jun 2024.

93 deals · 24 Sept 2024 – 31 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
31 Aug 2026	ACCION AFRICA-ASIA INVESTMENT COMPANY	Block	NSE	Sell	56,32,137	₹278.00	₹156.57 Cr
31 Aug 2026	ACCION AFRICA-ASIA INVESTMENT COMPANY	Bulk	NSE	Sell	56,32,137	₹278.00	₹156.57 Cr
31 Aug 2026	EIGHT ROADS INVESTMENTS MAURITIUS II LIMITED	Bulk	NSE	Sell	54,47,000	₹278.00	₹151.43 Cr
31 Aug 2026	EIGHT ROADS INVESTMENTS MAURITIUS II LIMITED	Block	NSE	Sell	54,47,000	₹278.00	₹151.43 Cr
31 Aug 2026	SHUBHI CONSULTANCY SERVICES LLP	Block	NSE	Buy	46,76,259	₹278.00	₹130.00 Cr
31 Aug 2026	SHUBHI CONSULTANCY SERVICES LLP	Bulk	NSE	Buy	46,76,259	₹278.00	₹130.00 Cr
31 Aug 2026	EIGHT ROADS INVESTMENTS MAURITIUS II LIMITED	Bulk	BSE	Sell	40,49,000	₹279.90	₹113.33 Cr
31 Aug 2026	PLUTUS WEALTH MANAGEMENT LLP	Bulk	BSE	Buy	38,66,906	₹278.00	₹107.50 Cr
31 Aug 2026	LEAPFROG FINANCIAL INCLUSION INDIA (II) LTD	Bulk	BSE	Sell	36,67,000	₹278.00	₹101.94 Cr
31 Aug 2026	S GUPTA HOMES PRIVATE LIMITED	Block	NSE	Buy	26,97,842	₹278.00	₹75.00 Cr

1–10 of 93

1 / 10

Mr. Palamadai Sundararajan JayakumarNon-Executive - Independent Director-Chairperson
Mr. Avinash PChief Risk Officer
Mr. Ashutosh Arvind PednekarNon-Executive - Independent Director
Ms. Anuradha RaoNon-Executive - Non Independent Director
Mr. Vijay Nallan ChakravarthiNon-Executive - Nominee Director
Mr. Michael Jude FernandesNon-Executive - Nominee Director
Mr. Ashish MehrotraExecutive Director-CEO-MD
Mr. Sandeep DharNon-Executive - Independent Director
Ms. Vidya KrishnanNon-Executive - Independent Director
Prakash Chandra PandaCompany 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.

Schemes holding

across 1 fund houses

Held by these funds

0.03%

of the company's equity

All mutual funds

0.19%

shareholding pattern, Jun 2026

Portfolios as of

April 2026

no prior month

1 schemes

		Shares
IB19-Groww Banking & Financial Services Fund	Groww Mutual Fund	44,965	1.18	1.72%	0.028%	—

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Documents

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

Announcements

Annual reports

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPT REC
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.

1

Analyst / investor meeting29 Sept 2026 · 2 days agomeeting

1

Board meeting to consider results27 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

30 announcementsExport CSV

30 Sept 2026, 5:52 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	67.9%	60.8%	52.1%	53.8%
EBIT margin %	67%	59.9%	51.3%	53.1%
PAT margin %	18.6%	16.8%	12.9%	15%
Working capital
Receivable days	8	5	—	—
Inventory days	—	—	0	0
Payable days	—	63	—	—
NWC days	—	—	—	—
Leverage
Current ratio	—	—	—	—
Debt to EBITDA	7.94	7.88	8.08	8.47
Debt to equity	3.76	4.05	2.87	3.15
Interest coverage	1.6	1.6	1.5	1.6
Asset turnover	0.14	0.16	0.17	0.16
Return ratios
Return on assets %	2.6%	2.7%	2.2%	2.4%
Return on capital employed %	—	—	—	—
Return on equity %	12.9%	14.2%	8.8%	10.4%

Date	Category	Subject	Filing
30 Sept 2026, 5:52 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
28 Sept 2026, 6:39 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
18 Sept 2026, 4:50 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
16 Sept 2026, 3:36 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
2 Sept 2026, 5:16 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
31 Aug 2026, 5:36 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
31 Aug 2026, 5:26 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
28 Aug 2026, 4:31 pm	Company Update General	Record Date For Redemption Of Commercial Paper ('CP') Bearing ISIN: INE850M14CM9	PDF

Northern Arc Capital Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Upcoming and recent1

Board meetings1

Announcements

Upcoming and recent1

Board meetings1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Segment results

Financing activity · revenue

1

1

1

1