AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 24 Sep - At the 43rd AGM on 24 Sep 2026, shareholders approved director reappointment and designation changes.
Source: Bse
Arihant Superstructures Limited (ARIHANTSUP)
Small CapReal Estate stocks · Small cap · NSE
Arihant Superstructures Limited operates in Real Estate Development, within the Real Estate 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 result16 Aug, 12:58 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
42NeutralSMA20 -4.5% / mo · MACD + · sector -6.4pp vs Nifty 500 (3M)
Stock trend: 41
Sector RS: 44
Sector 3M: -12.0% vs Nifty 500 -5.6%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
ARIHANTSUPD candles · FIT view-14.2%Latest close ₹231.95 on 2026-10-19
Bar
+0.4%
RSI
52
MACD hist
1.69
52W pos
18%
2026-10-19O ₹231.11H ₹241.30L ₹231.00C ₹231.95Vol 1,867 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
ARIHANTSUPNifty RealtyNifty 500
- ARIHANTSUP
- -11.5%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- -6.0 pp
Chart stats
19 Oct 2026- From 52W high
- -47.2%
- 52W range position
- 17%
- ATR (14)
- 5.5%
- Volume vs 20D
- 0.20x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹198.8 - ₹249.7
₹439.7
₹188.8 - ₹439.7
₹12.9
Latest completed session
20-session average
42.1% 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 argues for patience, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · WATCHLIST33
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +8.8% · PAT -38.5% YoY
Technical
Neutral42
Price trend and sector-relative-strength timing.
Valuation
Legacy model+24.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence43
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
Bad · 0/100PAT -39% YoY · margin compression · Rev +9% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹131.6 Cr | +8.8% | -27.2% |
| EBITDA | ₹27.6 Cr | -25.3% | -8.9% |
| Operating margin | 20.9% | -957 bps | +422 bps |
| PAT | ₹9.8 Cr | -38.5% | -17.9% |
| PAT margin | 7.4% | -572 bps | +84 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 23.40
- P/B
- 2.61
- EV/EBITDA
- 15.06
- Market Cap
- 933.00Cr
Profitability
- ROE
- 13.70%
- ROCE
- 10.60%
- ROA
- 2.26%
- Dividend Y
- 0.11%
Growth (CAGR)
- Revenue 5Y
- 15.00%
- EPS 5Y
- 33.00%
- Revenue 3Y
- 12.00%
- EPS 3Y
- 3.00%
Balance Sheet
- Debt/Equity
- 2.41
- Interest Coverage
- 1.77×
- Altman Z
- 1.26
- Book Value
- 84.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- -71.00 Cr
- EPS TTM
- 9.22
Shareholding
- Promoter Hold
- 71.10%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 132-27.2% vs prev
Net Profit
₹ CrLatest: 9.8-17.9% 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
Mixed signalsSignals are conflicting — long-term trend down. RSI 52. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~4.7% over last month) — short-term momentum negative.
- RSI(14) at 52 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 47% off 52W high · 23% 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
18
RS percentile
Stage 4 Downtrend
1M return
+2.1%
3M return
-11.5%
6M return
-11.5%
1Y return
-44.2%
RS 1D
+1
RS 20D
+3
Sector rank
#18
Industry rank
#71
Stage evidence
- Price is 6.6% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.8%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 60.19-0.12%
RS vs Nifty 50060
Valuation & peers
U-Score 33 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 33 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · WATCHLISTValuation4/30
Growth17/25
Quality8/20
Balance Sheet0/15
Cash Flow2/10
Piotroski
4/9 (+1)
Penalties
1
Raw sum
33
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
33/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 24.4%.
- Growth contributes 17/25 to the score.
- Quality contributes 8/20 to the score.
Main drags
- Altman Z is 1.3, in distress territory.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
- Valuation is weaker at 4/30; verify the latest quarterly trend.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
23.4
PB
2.6
EV/EBITDA
15.1
ROE
13.7%
ROCE
10.6%
FCF Yield
—
Debt/Equity
2.4
MoS
+24.4%
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
33
Previous: 33
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+24.4%
Previous: +24.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
36
36
36
36
36
36
36
36
33
33
33
33
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
₹132.01
-75.7% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹307.03
+24.4% MoS
PEG
1.11
Comparable companies
Peers
Business-comparable peers in Real Estate — 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
LIKHITHA
Small
Likhitha Infrastructure Limited
Real Estate
match 167
26
27.5
10.0%
-90%
OVERVALUED
PROZONER
Small
Prozone Realty Limited
Real Estate
match 166
28
—
2.2%
-115%
OVERVALUED
ELDEHSG
Small
Eldeco Housing And Industries Limited
Real Estate
match 166
26
21.0
6.2%
-623%
OVERVALUED
SURAJEST
Small
Suraj Estate Developers Limited
Real Estate
match 165
57
10.8
9.4%
+70%
FAIR VALUE
ARIHANT
Small
Arihant Foundations & Housing Limited
Real Estate
match 165
67
14.2
17.1%
+59%
UNDERVALUED
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 Superstructures Limited operates in Real Estate Development, within the Real Estate 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
43Limited 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 2nd percentile of the scored universe and 6th percentile within Real Estate. Main check: balance sheet trust is weak at 8/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
168 docs text-extracted · 49 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
2nd percentile
overall median 67 · Real Estate: 6th pctile, median 61 · Small: 2nd pctile, median 66
Evidence depth
Financial-only
168 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
Do not rely on management narrative unless hard turnaround evidence is visible.
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
86
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
8
weak · leverage and solvency
Discipline
50
watch · capital discipline
Results
29
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 71.1%.
- ▸Promoter pledge is zero.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-71 Cr.
- ▸Debt/equity is 2.41.
- ▸Altman Z is 1.29.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Arihant Superstructures Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 24 Sep - Shareholders approved appointment of K J K & Associates as statutory auditors for five years from 24 September 2026.
Source: Bse
Annual reportSep 2026
Sep 2026 · Web-Link Of The Notice Of The 43Rd Annual General Meeting Of The Shareholders Of Arihant Superstructures Limited And Annual Report FY 2025-26. 2 Sep - Arihant Superstructures sent FY2025-26 annual report link and AGM notice; AGM on September 24, 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 31 Aug - Investor/analyst site visit and group meeting scheduled for September 3, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 25 Sep - Subsidiary signed ITC Hotels agreement for 227-room Mementos hotel at World Villas, Chowk Mumbai 3.0.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Newspaper advertisement for publication of 43rd Anual General Meeting and Remote e-voting information.
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Aug - Arihant Superstructures to attend Yes Securities Conference physically on August 24, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug - Newspaper Advertisement for publication of Financial Results.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 1d - Dr. Raghuveer Singh Rajpurohit appointed Additional Independent Director for five years from July 21, 2026.
Source: Bse
Investor presentationJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Investor Presentation 8 Aug - Investor Presentation for the quarter ended June 30, 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.