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Last Updated on: 03 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 506194 | NSE: ARIHANTSUP

Arihant Superstructures Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 3, 2024, 10:22 pm

Market Cap 1,643 Cr.
Current Price 398
High / Low435/240
Stock P/E32.2
Book Value 68.4
Dividend Yield0.30 %
ROCE16.3 %
ROE29.0 %
Face Value 10.0
PEG Ratio0.91

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Arihant Superstructures Ltd

Competitors of Arihant Superstructures Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 37.2 Cr. 74.474.4/15.011.5 70.70.00 %%% 10.0
HB Estate Developers Ltd 181 Cr. 92.9125/41.024.3 80.10.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 1,072 Cr. 54.463.9/20.712.7 19.50.55 %%% 1.00
Gyan Developers & Builders Ltd 7.06 Cr. 23.533.8/6.74 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 55.9 Cr. 118163/87.4 96.90.00 %1.27 %9.45 % 1.00
Industry Average18,837.95 Cr297.8546.60128.500.14%24.89%17.69%22.76

All Competitor Stocks of Arihant Superstructures Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales84.2887.9188.3470.5988.99120.37114.7165.39120.96108.91119.23155.3783.69
Expenses69.2668.0870.1054.0570.52100.6685.2955.4593.5983.5693.23124.4773.11
Operating Profit15.0219.8318.2416.5418.4719.7129.429.9427.3725.3526.0030.9010.58
OPM %17.82%22.56%20.65%23.43%20.76%16.37%25.65%15.20%22.63%23.28%21.81%19.89%12.64%
Other Income0.360.350.240.680.620.510.500.660.070.140.230.770.50
Interest5.355.165.275.254.794.777.558.535.786.166.866.437.93
Depreciation0.470.430.430.400.460.480.500.520.540.550.560.540.55
Profit before tax9.5614.5912.7811.5713.8414.9721.871.5521.1218.7818.8124.702.60
Tax %13.39%20.22%9.39%14.61%22.69%21.11%8.82%86.45%18.13%14.48%17.22%29.43%23.08%
Net Profit8.2811.6311.589.8810.7011.8119.950.2117.2916.0615.5617.441.99
EPS in Rs2.012.832.812.402.602.874.850.054.203.903.784.240.48

Last Updated: September 11, 2024, 12:02 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 11, 2024, 12:02 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales70100108122185188239233270331389504467
Expenses62808387122151186190222261312397374
Operating Profit82025356337534348707810893
OPM %11%20%23%29%34%20%22%18%18%21%20%21%20%
Other Income1121214522272
Interest91464101532302821262627
Depreciation0111112222222
Profit before tax-171931532223162048528665
Tax %400%60%40%33%32%34%19%29%21%15%18%20%
Net Profit-331121361518111641436951
EPS in Rs-0.720.322.464.637.973.053.151.332.7110.0410.3716.8212.40
Dividend Payout %-28%79%12%19%13%16%16%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)200.00%266.67%90.91%71.43%-58.33%20.00%-38.89%45.45%156.25%4.88%60.47%
Change in YoY Net Profit Growth (%)0.00%66.67%-175.76%-19.48%-129.76%78.33%-58.89%84.34%110.80%-151.37%55.59%

Arihant Superstructures Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:16%
3 Years:23%
TTM:15%
Compounded Profit Growth
10 Years:49%
5 Years:40%
3 Years:84%
TTM:-5%
Stock Price CAGR
10 Years:25%
5 Years:74%
3 Years:29%
1 Year:47%
Return on Equity
10 Years:20%
5 Years:20%
3 Years:26%
Last Year:29%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:41 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital41414141414141414141414141
Reserves111221407376808698137169216241
Borrowings125129146211256277378387296299332477556
Other Liabilities74129179201235282226234255377491462540
Total Liabilities2513113864926046767257486898541,0331,1971,378
Fixed Assets4555132711202021222153
CWIP5000000000000
Investments0615000000000
Other Assets2423003804825916487157286688341,0111,1761,325
Total Assets2513113864926046767257486898541,0331,1971,378

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-10449-14-24-3014-812512121-12-126
Cash from Investing Activity +-7-65-15-3-1518-8-1-1-25
Cash from Financing Activity +93-4043931166-21-119-177128
Net Cash Flow-183-50-113-313-77

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-117.00-109.00-121.00-176.00-193.00-240.00-325.00-344.00-248.00-229.00-254.00-369.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days01222286699435535668075
Inventory Days4,2033,877
Days Payable683577
Cash Conversion Cycle01222286699433,5753,335668075
Working Capital Days841569639759680641675729534478476522
ROCE %6%11%13%14%19%10%12%9%10%14%14%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.31%74.41%74.50%74.71%74.71%74.71%74.71%74.71%74.71%74.71%74.71%74.71%
FIIs0.32%1.16%1.46%0.70%0.69%0.69%0.65%0.56%0.00%0.00%0.03%0.02%
DIIs1.38%1.71%1.38%1.39%1.39%1.39%0.51%0.00%0.00%0.00%0.00%0.00%
Public23.99%22.72%22.65%23.19%23.21%23.21%24.12%24.74%25.28%25.28%25.25%25.27%
No. of Shareholders7,0357,7067,3487,9367,1136,4916,8307,0146,6456,5066,4407,660

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
IDBI Flexi Cap Fund9500952024-11-300%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)10.9110.3710.042.711.37
Diluted EPS (Rs.)10.3810.3710.042.711.37
Cash EPS (Rs.)13.0110.8410.474.323.18
Book Value[Excl.RevalReserv]/Share (Rs.)63.9559.6749.3239.6735.66
Book Value[Incl.RevalReserv]/Share (Rs.)63.9559.6749.3239.6735.66
Revenue From Operations / Share (Rs.)99.7594.6280.4065.6456.61
PBDIT / Share (Rs.)21.5119.3917.3112.1911.57
PBIT / Share (Rs.)21.0818.9216.8911.6911.08
PBT / Share (Rs.)15.9412.6911.784.873.79
Net Profit / Share (Rs.)12.5810.3710.053.822.69
NP After MI And SOA / Share (Rs.)8.957.6310.042.711.37
PBDIT Margin (%)21.5620.4921.5318.5620.44
PBIT Margin (%)21.1219.9921.0017.8119.57
PBT Margin (%)15.9713.4114.657.416.68
Net Profit Margin (%)12.6110.9512.505.824.74
NP After MI And SOA Margin (%)8.978.0612.494.132.41
Return on Networth / Equity (%)16.9514.9623.178.054.43
Return on Capital Employeed (%)14.3813.8218.3611.649.83
Return On Assets (%)3.783.044.831.620.75
Long Term Debt / Equity (X)1.561.510.981.802.50
Total Debt / Equity (X)1.791.581.682.133.05
Asset Turnover Ratio (%)0.450.410.310.210.11
Current Ratio (X)2.482.071.682.312.40
Quick Ratio (X)1.260.410.741.021.03
Inventory Turnover Ratio (X)0.560.000.000.000.00
Interest Coverage Ratio (X)4.193.113.391.791.59
Interest Coverage Ratio (Post Tax) (X)3.452.662.971.561.37
Enterprise Value (Cr.)1872.131178.22848.54453.61483.53
EV / Net Operating Revenue (X)4.323.032.561.682.08
EV / EBITDA (X)20.0614.7611.919.0410.15
MarketCap / Net Operating Revenue (X)3.302.101.630.530.37
Price / BV (X)6.233.903.021.050.69
Price / Net Operating Revenue (X)3.302.101.630.530.37
EarningsYield0.020.030.070.070.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Arihant Superstructures Ltd as of December 3, 2024 is: 640.64

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 3, 2024, Arihant Superstructures Ltd is Undervalued by 60.96% compared to the current share price 398.00

Intrinsic Value of Arihant Superstructures Ltd as of December 3, 2024 is: 868.37

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 3, 2024, Arihant Superstructures Ltd is Undervalued by 118.18% compared to the current share price 398.00

Last 5 Year EPS CAGR: 35.55%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (246.62 cr) and profit (33.92 cr) over the years.
  1. The stock has a low average ROCE of 12.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 628.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 41.42, which may not be favorable.
  4. The company has higher borrowings (297.62) compared to reserves (96.92), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Arihant Superstructures Ltd:
    1. Net Profit Margin: 12.61%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.38% (Industry Average ROCE: 24.89%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 16.95% (Industry Average ROE: 17.69%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.45
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.26
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 32.2 (Industry average Stock P/E: 46.6)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.79
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Arihant Superstructures Ltd. is a Public Limited Listed company incorporated on 26/03/1983 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51900MH1983PLC029643 and registration number is 029643. Currently Company is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 151.17 Cr. and Equity Capital is Rs. 41.16 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringArihant Aura, 25th Floor, B Wing, New Mumbai Maharashtra 400705investor@asl.net.in
http://www.asl.net.in
Management
NamePosition Held
Mr. Ashokkumar ChhajerChairman & Managing Director
Mr. Parth Ashokkumar ChhajerWhole Time Director
Mr. Nimish ShahWhole Time Director
Mr. Pramod DeshpandeIndependent Director
Mr. R N BhardwajIndependent Director
Mrs. Namrata ThakkerIndependent Director

FAQ

What is the latest intrinsic value of Arihant Superstructures Ltd?

The latest intrinsic value of Arihant Superstructures Ltd as on 03 December 2024 is ₹640.64, which is 60.96% higher than the current market price of ₹398.00. The stock has a market capitalization of 1,643 Cr. and recorded a high/low of ₹435/240 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹241 Cr and total liabilities of ₹1,378 Cr.

What is the Market Cap of Arihant Superstructures Ltd?

The Market Cap of Arihant Superstructures Ltd is 1,643 Cr..

What is the current Stock Price of Arihant Superstructures Ltd as on 03 December 2024?

The current stock price of Arihant Superstructures Ltd as on 03 December 2024 is 398.

What is the High / Low of Arihant Superstructures Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Arihant Superstructures Ltd stocks is 435/240.

What is the Stock P/E of Arihant Superstructures Ltd?

The Stock P/E of Arihant Superstructures Ltd is 32.2.

What is the Book Value of Arihant Superstructures Ltd?

The Book Value of Arihant Superstructures Ltd is 68.4.

What is the Dividend Yield of Arihant Superstructures Ltd?

The Dividend Yield of Arihant Superstructures Ltd is 0.30 %.

What is the ROCE of Arihant Superstructures Ltd?

The ROCE of Arihant Superstructures Ltd is 16.3 %.

What is the ROE of Arihant Superstructures Ltd?

The ROE of Arihant Superstructures Ltd is 29.0 %.

What is the Face Value of Arihant Superstructures Ltd?

The Face Value of Arihant Superstructures Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Arihant Superstructures Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE