Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Newspaper Advertisement of Notice to the shareholders regarding transfer of Equity Shares to IEPF
Source: Bse
Arihant Capital Markets Limited (ARIHANTCAP)
Small CapFinancial Services stocks · Small cap · NSE
Arihant Capital Markets Limited operates in Broking, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result25 Jul, 01:23 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
64Bullishfull bull SMA stack · SMA20 +18.5% / mo · MACD −
Stock trend: 77
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ARIHANTCAPD candles · FIT view+34.3%Latest close ₹94.09 on 2026-10-19
Bar
-3.7%
RSI
57
MACD hist
-0.19
52W pos
59%
2026-10-19O ₹97.75H ₹98.24L ₹93.50C ₹94.09Vol 2.9L 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
ARIHANTCAPNifty Financial ServicesNifty 500
- ARIHANTCAP
- +24.6%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +30.1 pp
Chart stats
19 Oct 2026- From 52W high
- -21.6%
- 52W range position
- 59%
- ATR (14)
- 4.5%
- Volume vs 20D
- 0.22x
- Avg traded value
- ₹12.7 Cr
- 20D price channel
- ₹80.3 - ₹102.2
₹120
₹57 - ₹120
₹4.3
Latest completed session
20-session average
51.6% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED20
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +52.9% · PAT +61.5% YoY
Technical
Bullish64
Price trend and sector-relative-strength timing.
Valuation
Legacy model-299.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence53
Financial-only signal; management claim evidence is not sufficient 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 Jun 2026
Excellent · 100/100Rev +53% YoY · PAT +62% YoY · margin expansion · +59% QoQ · operating leverage
Filed 24 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹78 Cr | +52.9% | +59.2% |
| EBITDA | ₹35 Cr | +75.0% | +337.5% |
| Operating margin | 45.0% | +500 bps | +2900 bps |
| PAT | ₹21 Cr | +61.5% | NDF |
| PAT margin | 26.9% | +143 bps | +2692 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 25.00
- P/B
- 2.26
- EV/EBITDA
- 14.59
- Market Cap
- 1001.00Cr
Profitability
- ROE
- 7.67%
- ROCE
- 11.50%
- ROA
- 3.65%
- Dividend Y
- 0.55%
Growth (CAGR)
- Revenue 5Y
- 12.00%
- EPS 5Y
- -2.00%
- Revenue 3Y
- 14.00%
- EPS 3Y
- 3.00%
Balance Sheet
- Debt/Equity
- 0.54
- Interest Coverage
- 3.24×
- Altman Z
- 2.07
- Book Value
- 40.20
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- -122.00 Cr
- EPS TTM
- 3.73
Shareholding
- Promoter Hold
- 67.68%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 54%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 206-16.6% vs prev
Net Profit
₹ CrLatest: 31.0-47.5% vs prev
Return on Equity
%Latest: 7.0-54.2% vs prev
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
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 57. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~15.6% over last month) — short-term momentum positive.
- RSI(14) at 57 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 22% off 52W high · 65% 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
72
RS percentile
Stage 2 UptrendRecent S2
1M return
+17.2%
3M return
+24.6%
6M return
+30.7%
1Y return
-12.6%
RS 1D
-2
RS 20D
+28
Sector rank
#10
Industry rank
#13
Stage evidence
- Price is 25.7% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +3.4%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
25 Sept 2026
S2 age
16 trading sessions
Sector
weakening
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 87.74-2.32%
RS vs Nifty 50088
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation1/30
Growth7/25
Quality0/20
Balance Sheet6/15
Cash Flow3/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
20
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
20/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 6/15 to the score.
- Cash flow contributes 3/10 to the score.
- Growth contributes 7/25 to the score.
Main drags
- Fair-value margin of safety is negative at -299.8%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
25.0
PB
2.3
EV/EBITDA
14.6
ROE
7.7%
ROCE
11.5%
FCF Yield
—
Debt/Equity
0.5
MoS
-299.8%
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: 20 Oct 2026
v4.3-runtime-valuation
Final score
20
Previous: 20
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-299.8%
Previous: -299.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
20
20
20
20
20
20
20
20
20
20
20
20
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
₹58.08
-62.0% MoS
Growth-justified P/E
6.3
Growth-justified Value
₹23.54
-299.8% MoS
PEG
—
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
MONARCH
Small
Monarch Networth Capital Limited
Broking
match 138
73
15.3
20.5%
+40%
UNDERVALUED
DAMCAPITAL
Small
Dam Capital Advisors Limited
Investment Banking
match 97
77
14.2
24.4%
+46%
DEEP VALUE
LOKESHMACH
Small
Lokesh Machines Limited
Capital Goods
match 79
12
220.0
1.8%
-2512%
OVERVALUED
GAJA
Micro
Gaja Alternative Asset Management Limited
Capital Markets
match 77
48
22.2
15.9%
+25%
FAIR VALUE
NBIFIN
Small
N. B. I. Industrial Finance Company Limited
Capital Goods
match 75
21
33.2
0.3%
-642%
OVERVALUED
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
Issuer presentation review pending
Arihant Capital Markets Limited operates in Broking, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
53Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 12th percentile of the scored universe and 17th percentile within Financial Services. Main check: results consistency is weak at 17/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
6 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
12th percentile
overall median 67 · Financial Services: 17th pctile, median 62 · Small: 14th pctile, median 66
Evidence depth
Financial-only
6 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
42
weak · capital discipline
Results
17
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 67.7%.
- ▸Promoter pledge is zero.
- ▸4 years of positive FCF.
Trust risks
- ▸Operating cash flow is negative at ₹-122 Cr.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding fell 2.1%.
- ▸ROE is low at 7.7%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Arihant Capital Markets Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Sep - Newspaper publication in respect of Information regarding 34th Annual General Meeting
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 3 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Jul - Newspaper publication regarding special window re-lodgement of physical share transfer requests.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Scheme of Arrangement 1 Jul - BSE and NSE issued no adverse observations for Arihant Capital's composite scheme; NCLT filing to follow.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Jul - Intimation on publication of Newspaper w.r.t. unaudited financial results of the company for the quarter ended on June 30, 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Scheme of Arrangement 29 Jun - BSE and NSE gave nod for Arihant Capital’s composite scheme; NCLT filing can proceed.
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Change in Registered Office Address 21 May - Board approved FY26 audited results, recommended 50% dividend, CFO resigned effective May 31, 2026, and shifted Indore office.
Source: Bse
AnnouncementMay 2026
May 2026 · Corporate Action-Board approves Dividend 22h - FY26 audited results announced; ₹0.50 dividend recommended; CFO resigns effective 31 May 2026; office shifts in Indore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.