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Last Updated: April 2, 2026, 2:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 506194 | NSE: ARIHANTSUP

Arihant Superstructures Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹237.45Undervalued by 16.97%vs CMP ₹203.00

P/E (19.3) × ROE (18.8%) × BV (₹81.20) × DY (0.74%)

₹160.88Overvalued by 20.75%vs CMP ₹203.00
MoS: -26.2% (Negative)Confidence: 50/100 (Moderate)Models: 2 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹240.1730%Under (+18.3%)
Graham NumberEarnings₹139.3622%Over (-31.3%)
Net Asset ValueAssets₹81.1510%Over (-60%)
EV/EBITDAEnterprise₹52.0212%Over (-74.4%)
Earnings YieldEarnings₹106.3010%Over (-47.6%)
ROCE CapitalReturns₹265.9910%Under (+31%)
Revenue MultipleRevenue₹115.377%Over (-43.2%)
Consensus (7 models)₹160.88100%Overvalued
Key Drivers: Wide model spread (₹52–₹266) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 1.1%

*Investments are subject to market risks

Investment Snapshot

57
Arihant Superstructures Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health60/100 · Moderate
ROCE 11.1% AverageROE 18.8% ExcellentD/E 2.13 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.04% (6mo) Slight increasePromoter holding at 71.1% Stable
Earnings Quality40/100 · Moderate
OPM stable around 22% SteadyWorking capital: 672 days Capital intensive
Quarterly Momentum68/100 · Strong
Revenue (4Q): +16% YoY GrowingProfit (4Q): +23% YoY Positive
Industry Rank65/100 · Strong
P/E 19.3 vs industry 36.6 Cheaper than peersROCE 11.1% vs industry 16.4% Average3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:37 am

Market Cap 878 Cr.
Current Price 203
Intrinsic Value₹160.88
High / Low 468/188
Stock P/E19.3
Book Value 81.2
Dividend Yield0.74 %
ROCE11.1 %
ROE18.8 %
Face Value 10.0
PEG Ratio16.80

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

View Share Price Target for Arihant Superstructures Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Arihant Superstructures Ltd 878 Cr. 203 468/18819.3 81.20.74 %11.1 %18.8 % 10.0
Arihant Foundations & Housing Ltd 948 Cr. 952 1,513/69014.0 3450.00 %19.5 %16.5 % 10.0
A B Infrabuild Ltd 1,009 Cr. 15.9 23.6/7.7149.6 2.460.03 %18.4 %17.3 % 1.00
BL Kashyap & Sons Ltd 1,035 Cr. 45.9 80.1/40.3116 23.30.00 %8.08 %2.00 % 1.00
B-Right RealEstate Ltd 1,041 Cr. 1,008 1,008/226221 1400.00 %5.08 %1.58 % 10.0
Industry Average3,374.20 Cr159.1236.56125.440.20%16.37%21.40%21.58

All Competitor Stocks of Arihant Superstructures Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 120.37114.7165.39120.96108.91119.23155.3783.69111.80150.77152.58120.96122.65
Expenses 100.6685.2955.4593.5983.5693.24124.4773.1182.90108.24130.3284.0692.69
Operating Profit 19.7129.429.9427.3725.3525.9930.9010.5828.9042.5322.2636.9029.96
OPM % 16.37%25.65%15.20%22.63%23.28%21.80%19.89%12.64%25.85%28.21%14.59%30.51%24.43%
Other Income 0.510.500.660.070.140.230.770.501.200.862.211.981.18
Interest 4.777.558.535.786.166.866.437.939.409.4413.7117.0317.05
Depreciation 0.480.500.520.540.550.560.540.550.570.600.640.620.72
Profit before tax 14.9721.871.5521.1218.7818.8024.702.6020.1333.3510.1221.2313.37
Tax % 21.11%8.82%86.45%18.13%14.48%16.97%29.43%23.08%20.67%23.69%-11.36%25.06%25.50%
Net Profit 11.8119.950.2117.2916.0615.6117.441.9915.9725.4511.2715.919.96
EPS in Rs 2.874.850.054.203.903.794.240.483.886.182.743.682.30

Last Updated: January 2, 2026, 11:00 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 19, 2026, 4:30 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 100108122185188239233270331389510499522
Expenses 808387122151186190222261312397395404
Operating Profit 20253563375343487078113104118
OPM % 20%23%29%34%20%22%18%18%21%20%22%21%23%
Other Income 1212145222157
Interest 146410153230282126264066
Depreciation 1111122222223
Profit before tax 7193153222316204852866656
Tax % 60%40%33%32%34%19%29%21%15%18%20%17%
Net Profit 3112136151811164143695545
EPS in Rs 0.322.464.637.973.053.151.332.7110.0410.3716.8213.2810.63
Dividend Payout % 79%12%19%13%16%16%-0%-0%-0%5%7%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)266.67%90.91%71.43%-58.33%20.00%-38.89%45.45%156.25%4.88%60.47%-20.29%
Change in YoY Net Profit Growth (%)0.00%-175.76%-19.48%-129.76%78.33%-58.89%84.34%110.80%-151.37%55.59%-80.75%

Arihant Superstructures Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:17%
5 Years:16%
3 Years:15%
TTM:15%
Compounded Profit Growth
10 Years:18%
5 Years:58%
3 Years:10%
TTM:34%
Stock Price CAGR
10 Years:29%
5 Years:74%
3 Years:22%
1 Year:19%
Return on Equity
10 Years:20%
5 Years:22%
3 Years:23%
Last Year:19%

Last Updated: September 4, 2025, 11:30 pm

Balance Sheet

Last Updated: December 10, 2025, 2:23 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 41414141414141414141414143
Reserves 1221407376808698137169228268308
Borrowings 129146211256277378387296299332477738835
Other Liabilities 129179201235282226234255377491455538554
Total Liabilities 3113864926046767257486898541,0331,2021,5861,741
Fixed Assets 555132711202021222194102
CWIP 00000000000413
Investments 6150000000000
Other Assets 3003804825916487157286688341,0111,1811,4881,626
Total Assets 3113864926046767257486898541,0331,2021,5861,741

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 49-14-24-3014-812512121-12-121-178
Cash from Investing Activity + -65-15-3-1518-8-1-1-2-1-80
Cash from Financing Activity + -4043931166-21-119-177128261
Net Cash Flow 3-50-113-313-773
Free Cash Flow 47-15-24-307-842411919-15-122-254
CFO/OP 243%-49%-55%-25%86%-140%73%268%39%-5%-90%-161%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-109.00-121.00-176.00-193.00-240.00-325.00-344.00-248.00-229.00-254.00-364.00-634.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 122228669943553566807483
Inventory Days 4,2033,877
Days Payable 683577
Cash Conversion Cycle 1222286699433,5753,33566807483
Working Capital Days 206473661571438558618472341463473672
ROCE %11%13%14%19%10%12%9%10%14%14%16%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.71%74.71%74.71%74.71%74.71%74.71%74.71%74.71%74.71%71.10%71.10%71.10%
FIIs 0.69%0.65%0.56%0.00%0.00%0.03%0.02%0.31%0.18%0.17%0.18%0.22%
DIIs 1.39%0.51%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.03%
Public 23.21%24.12%24.74%25.28%25.28%25.25%25.27%24.97%25.10%28.71%28.70%28.65%
No. of Shareholders 6,4916,8307,0146,6456,5066,4407,6607,6847,8417,5657,2397,000

Shareholding Pattern Chart

No. of Shareholders

Arihant Superstructures Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
IDBI Flexi Cap Fund 95 0 0952025-04-22 15:57:000%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 10.0212.2710.3710.042.71
Diluted EPS (Rs.) 9.5411.6810.3710.042.71
Cash EPS (Rs.) 13.8617.3510.8410.474.32
Book Value[Excl.RevalReserv]/Share (Rs.) 75.1164.8559.6749.3239.67
Book Value[Incl.RevalReserv]/Share (Rs.) 75.1164.8559.6749.3239.67
Revenue From Operations / Share (Rs.) 121.19122.5694.6280.4065.64
PBDIT / Share (Rs.) 26.4927.7919.3917.3112.19
PBIT / Share (Rs.) 25.9127.2618.9216.8911.69
PBT / Share (Rs.) 16.0820.9412.6911.784.87
Net Profit / Share (Rs.) 13.2816.8210.3710.053.82
NP After MI And SOA / Share (Rs.) 9.7812.367.6310.042.71
PBDIT Margin (%) 21.8522.6720.4921.5318.56
PBIT Margin (%) 21.3822.2319.9921.0017.81
PBT Margin (%) 13.2617.0813.4114.657.41
Net Profit Margin (%) 10.9613.7210.9512.505.82
NP After MI And SOA Margin (%) 8.0610.088.0612.494.13
Return on Networth / Equity (%) 13.0119.0514.9623.178.05
Return on Capital Employeed (%) 9.8515.1413.8218.3611.64
Return On Assets (%) 2.534.253.044.831.62
Long Term Debt / Equity (X) 2.281.561.510.981.80
Total Debt / Equity (X) 2.391.791.581.682.13
Asset Turnover Ratio (%) 0.350.450.410.310.21
Current Ratio (X) 2.862.482.071.682.31
Quick Ratio (X) 1.410.390.410.741.02
Inventory Turnover Ratio (X) 0.590.000.000.000.00
Dividend Payout Ratio (NP) (%) 3.101.020.000.000.00
Dividend Payout Ratio (CP) (%) 2.930.980.000.000.00
Earning Retention Ratio (%) 96.9098.980.000.000.00
Cash Earning Retention Ratio (%) 97.0799.020.000.000.00
Interest Coverage Ratio (X) 2.694.403.113.391.79
Interest Coverage Ratio (Post Tax) (X) 2.353.662.662.971.56
Enterprise Value (Cr.) 2491.401872.131178.22848.54453.61
EV / Net Operating Revenue (X) 4.993.713.032.561.68
EV / EBITDA (X) 22.8516.3714.7611.919.04
MarketCap / Net Operating Revenue (X) 3.412.682.101.630.53
Retention Ratios (%) 96.8998.970.000.000.00
Price / BV (X) 5.515.073.903.021.05
Price / Net Operating Revenue (X) 3.412.682.101.630.53
EarningsYield 0.020.030.030.070.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 120.75 Cr. and Equity Capital is Rs. 41.16 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringArihant Aura, 25th Floor, New Mumbai Maharashtra 400705Contact not found
Management
NamePosition Held
Mr. Ashokkumar ChhajerChairman & Managing Director
Mr. Parth Ashokkumar ChhajerWhole Time Director
Mr. Nimish ShahWhole Time Director
Mr. Bhavik ChhajerWhole Time Director
Mr. Pramod DeshpandeIndependent Director
Mrs. Namrata ThakkerIndependent Director
Mr. Abodh KhandelwalIndependent Director

FAQ

What is the intrinsic value of Arihant Superstructures Ltd and is it undervalued?

As of 18 April 2026, Arihant Superstructures Ltd's intrinsic value is ₹160.88, which is 20.75% lower than the current market price of ₹203.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (18.8 %), book value (₹81.2), dividend yield (0.74 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Arihant Superstructures Ltd?

Arihant Superstructures Ltd is trading at ₹203.00 as of 18 April 2026, with a FY2026-2027 high of ₹468 and low of ₹188. The stock is currently near its 52-week low. Market cap stands at ₹878 Cr..

How does Arihant Superstructures Ltd's P/E ratio compare to its industry?

Arihant Superstructures Ltd has a P/E ratio of 19.3, which is below the industry average of 36.56. This is broadly in line with or below the industry average.

Is Arihant Superstructures Ltd financially healthy?

Key indicators for Arihant Superstructures Ltd: ROCE of 11.1 % is moderate; ROE of 18.8 % shows strong shareholder returns. Dividend yield is 0.74 %.

Is Arihant Superstructures Ltd profitable and how is the profit trend?

Arihant Superstructures Ltd reported a net profit of ₹55 Cr in Mar 2025 on revenue of ₹499 Cr. Compared to ₹41 Cr in Mar 2022, the net profit shows an improving trend.

Does Arihant Superstructures Ltd pay dividends?

Arihant Superstructures Ltd has a dividend yield of 0.74 % at the current price of ₹203.00. The company pays dividends, though the yield is modest.

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