Investor presentationOct 2026
Oct 2026 · PPT
Source: Bse
Asset Reconstruction Company (India) Limited (ARCIL)
Micro CapFinancial Services stocks · Micro cap · NSE
Asset Reconstruction Company (India) Limited (Arcil) is India's pioneer asset reconstruction company, engaged in acquiring and resolving stressed assets across corporate, retail, and SME verticals, backed by marquee promoters such as Avenue Capital Group and State Bank of India.
₹124.11
+2.49 · +2.05%
Market cap ₹3,905 Cr
Data qualityFresh enough for analysisQuote updated 04 Nov, 03:31 pm ISTDetails
Quote04 Nov, 03:31 pm IST
Base fundamentals02 Nov 2026 · screener
Latest result02 Nov, 01:09 am IST
Score05 Nov, 04:30 am IST · v4.3-runtime-valuation
Tags20 Sept 2026
Coverage10/10 · 100%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 15.0 (n=246)
Technical timing lens
Trend score and candlestick chart
47Neutralnear 52W low
Stock trend: 48
Sector RS: 45
Sector 3M: -4.7% vs Nifty 500 -4.1%
Financial Services FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
ARCILD candles · FIT view-9.4%Latest close ₹124.11 on 2026-11-04
Daily history is available from 2026-09-17; the requested 1Y window is partially covered.
Bar
+2.1%
RSI
43
MACD hist
-
52W pos
18%
2026-11-04O ₹121.50H ₹125.30L ₹121.00C ₹124.11Vol 2.4L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ARCILNifty Financial ServicesNifty 500
- ARCIL
- -9.4%
- Nifty 500
- +0.5%
- Nifty Financial Services
- +1.0%
- Vs Nifty 500
- -9.9 pp
Chart stats
4 Nov 2026- From 52W high
- -24.7%
- 52W range position
- 18%
- ATR (14)
- 6.5%
- Volume vs 20D
- 0.11x
- Avg traded value
- ₹30.6 Cr
- 20D price channel
- ₹115.2 - ₹164.9
₹164.9
₹115.2 - ₹164.9
₹8.1
Latest completed session
20-session average
60.8% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management trust is not scored yet, price trend is neutral, and result consistency is still building.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED63
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +31.0% · PAT +56.3% YoY
Technical
Neutral47
Price trend and sector-relative-strength timing.
Valuation
Legacy model-370.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
pending—
Management reliability not computed yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Excellent · 100/100Rev +31% YoY · PAT +56% YoY · margin expansion · +18% QoQ · operating leverage
Filed 29 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹276.5 Cr | +31.0% | +17.7% |
| EBITDA | ₹227.9 Cr | +56.1% | +76.7% |
| Operating margin | 82.4% | +1342 bps | +2742 bps |
| PAT | ₹157.8 Cr | +56.3% | +186.9% |
| PAT margin | 57.1% | +921 bps | +3368 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 9.92
- P/B
- 0.94
- EV/EBITDA
- 13.43
- Market Cap
- 3905.00Cr
Profitability
- ROE
- 9.77%
- ROCE
- 14.00%
- ROA
- 4.96%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 36.00%
- EPS 5Y
- 42.00%
- Revenue 3Y
- -4.00%
- EPS 3Y
- 7.00%
Balance Sheet
- Debt/Equity
- 0.62
- Interest Coverage
- 13.22×
- Altman Z
- 2.47
- Book Value
- 127.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- 194.00 Cr
- EPS TTM
- 10.82
Shareholding
- Promoter Hold
- 77.46%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 10%
Financial History
Updated 4/11/2026
Revenue
₹ CrLatest: 277+17.7% vs prev
Net Profit
₹ CrLatest: 158+186.9% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 43.
- RSI(14) at 43 — falling, no extreme reading.
- 25% off 52W high · 8% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
-
RS percentile
Insufficient history
1M return
-14.8%
3M return
-
6M return
-
1Y return
-
RS 1D
-
RS 20D
-
Sector rank
#11
Industry rank
-
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
unavailable
200-DMA
unavailable
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
33 observations
04 Nov 2026Value 90.12+0.93%
RS vs Nifty 50090
Valuation & peers
U-Score 63 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 63 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · UNDERVALUEDValuation5/30
Growth22/25
Quality13/20
Balance Sheet9/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
63
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
63/100 · legacy band UNDERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 22/25 to the score.
- Cash flow contributes 8/10 to the score.
Main drags
- Fair-value margin of safety is negative at -370.0%.
- Valuation is weaker at 5/30; verify the latest quarterly trend.
- Balance sheet is weaker at 9/15; verify the latest quarterly trend.
Sector valuation model
NBFC valuation: P/B, ROA, borrowing cost, and asset quality
Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
9.9
PB
0.9
EV/EBITDA
13.4
ROE
9.8%
ROCE
14.0%
FCF Yield
—
Debt/Equity
0.6
MoS
-370.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 05 Nov 2026
v4.3-runtime-valuation
Final score
63
Previous: 63
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
-370.0%
Previous: -370.0%
Score history
12 stored score snapshots. Latest stored move: -2 points.
05 Nov 2026
v4.3-runtime-valuation
43
43
43
41
41
41
43
43
65
65
65
63
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹175.84
+29.4% MoS
Justified P/B
0.20
Justified Value
₹25.4
-370.0% MoS
PEG
0.35
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MPIMANIPAL
Micro
Manipal Payment and Identity Solutions Limited
Financial Technology (Fintech)
match 114
16
23.4
—
-293%
OVERVALUED
MONEYVIEW
Micro
Moneyview Limited
Financial Technology (Fintech)
match 112
51
22.6
19.0%
+54%
FAIR VALUE
GAJA
Micro
Gaja Alternative Asset Management Limited
Capital Markets
match -34
46
20.1
15.9%
+10%
FAIR VALUE
SHAHINVEST
Micro
Shah Investor's Home Limited
Capital Markets
match -40
17
21.8
7.6%
-459%
OVERVALUED
LCCPROJECT
Micro
LCC Projects Limited
Construction
match -42
75
13.4
38.0%
+43%
DEEP VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-28T17:41:10.034Z
Management commentary snapshot
Q1 FY27 total income more than doubled YoY to Rs. 276.1 Cr and PAT surged 107% YoY to Rs. 143.1 Cr, driven by strong fee income and recoveries of previously written-off security receipts.
Arcil's investment thesis remains intact, supported by scale advantages in India's growing stressed asset market, expanding AUM reaching Rs. 19,574 Cr in Q1 FY27, strong capital adequacy with Net Owned Funds at Rs. 2,792 Cr, and improving cumulative SR redemption ratios.
Current business mix
AUM by Business Vertical
Latest issuer-disclosed distribution across 3 reported categories.
Corporate68.0%
Retail24.0%
SME & Others8.0%
Growth engines
Retail and SME Portfolio Expansion
ActiveRetail borrowers on the platform grew by 227.32% from 1 million as of March 31, 2024 to over 3.29 million as of March 31, 2026.
Corporate Stressed Asset Acquisitions
ActiveContinued focus on acquiring and resolving credit-worthy mid-sized stressed corporate assets, with corporate AUM at Rs. 13,310 Cr in Jun 2026.
Collection as a Service (CaaS)
EmergingStrategic initiative to offer collection services for retail loans to banks and collect outstanding amounts on their behalf.
Tailwinds
Large Industry Stress Pool
FavorableTotal available stress in the Indian banking and NBFC industry is approximately Rs. 23 Lakh Cr, including ~Rs. 12 Lakh Cr of written-off books.
Improving ARC Recovery Rates
FavorableCumulative recovery rates of retail assets have improved significantly, reaching 92% for FY27 projected cohorts.
Risk radar
Volatility in Recovery and Upside Income
ElevatedRevenues depend heavily on recoveries from security receipts and resolution outcomes, which can fluctuate quarterly as seen in historical write-backs.
Rising Borrowing Costs and Leverage
ElevatedBorrowings increased to Rs. 1,100.3 Cr in June 2026 from Rs. 305.9 Cr in FY25, pushing finance costs up to Rs. 25.0 Cr in Q1 FY27.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
Both YoY and QoQ comparisons are necessary to evaluate sequential momentum in AUM and investment growth alongside annual performance trends in profitability, recovery realizations, and acquisitions.
Sector KPIs management disclosed
Assets Under Management (AUM)
PositiveTotal AUM reached Rs. 19,574 Cr as of June 30, 2026, compared to Rs. 16,809 Cr as of June 30, 2025, representing a 16% CAGR.
Arcil Investments in AUM
PositiveCompany's share in AUM (Arcil Investments) stood at Rs. 4,207 Cr as of June 30, 2026, up from Rs. 3,371 Cr as of June 30, 2025.
Net Owned Funds (NOF)
PositiveNet Owned Funds stood at Rs. 2,792 Cr as of June 30, 2026, compared to Rs. 2,598 Cr as of June 30, 2025.
Debt to Equity Ratio
NeutralDebt to Equity ratio was 0.34X as of June 30, 2026, compared to 0.12X as of June 30, 2025.
Management forward view
Standalone Financials Relevance
ConfirmedManagement emphasizes that standalone financials better represent the ARC business since trust assets are held for SR holders and regulatory ratios are monitored standalone.
Technology and Data Analytics Integration
ConfirmedProprietary platforms, automated workflows, skip tracing, and digital collection tools are deployed to drive operational efficiency and scalable collections.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| AUM Growth | Rs. 19,574 Cr (Q1 FY27) | Sustained momentum in retail and corporate asset acquisitions |
| Cumulative SR Redemption Ratio | 52.5% (Jun 2026) | Consistency in resolution realization rates |
| Debt to Equity | 0.34X (Jun 2026) | Prudent leverage management amid business expansion |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
Trust profile pending
Trust asks a simple question: can investors rely on management behaviour and financial delivery? Trust Lite uses promoter alignment, cash conversion, leverage, and result consistency. Full transcript-based claim matching appears after enough documents are ingested.
Continue researching Asset Reconstruction Company (India) Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptOct 2026
Oct 2026 · Transcript
Source: Bse
AnnouncementOct 2026
Oct 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Oct - Asset Reconstruction Company (India) Limited has informed about copy of Newspaper Publication viz. Financial Express (in English) and Loksatta (in Marathi) on October 30, 2026 …
Source: Bse
Investor presentationOct 2026
Oct 2026 · PPT
Source: Bse
AnnouncementOct 2026
Oct 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Oct - A meeting of the Board of the Company is scheduled on Thursday, October 29, 2026 to, inter alia, consider ....
Source: Bse
AnnouncementOct 2026
Oct 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 30 Sep - An earnings conference call for analysts and investors is scheduled on Wednesday, October 07, 2026 at 04:00 p.m. ....
Source: Bse
AnnouncementOct 2026
Oct 2026 · Announcement under Regulation 30 (LODR)-Change in Management 1 Oct - Mr. Kartik Manimuthu appointed Chief Technology Officer effective October 1, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 30 Oct - RBI approved Satyendra Kumar Singh as non-executive nominee director for up to five years.
Source: Bse
Investor presentationSep 2026
Sep 2026 · Investor presentation · Investor Presentation along with performance highlights of the Company for the quarter (Q2) and half year ended September 30, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 29 Oct - ARCIL reported H1FY27 PAT of Rs 290 crore, AUM up 21% to Rs 20,274 crore.
Source: Bse
Concall transcript
Earnings-call transcript · Submission of Transcript of Earnings Conference Call held on October 07, 2026
Source: Bse
Concall transcript
Earnings-call transcript · Asset Reconstruction Company (India) Limited has informed the Exchange regarding Submission of Transcript of Earnings Conference Call held on October 07, 2026.
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.