Arihant Superstructures Ltd

Arihant Superstructures Ltd

₹ 352 -0.45%
24 Jul - close price
About

Arihant Superstructures is a real estate company focusing on the affordable housing segment with a significant presence in the MMR region and Rajasthan. It has delivered 9,500+ homes measuring 8 Mn Sqft across 59 projects over the past 2 decades. [1] [2]

Key Points

Market Position
The Co has the largest market share of 13% in Navi Mumbai and market share of 5% to 50% in most micro markets where the Co operates. [1]

  • Market Cap 1,448 Cr.
  • Current Price 352
  • High / Low 417 / 158
  • Stock P/E 22.8
  • Book Value 64.0
  • Dividend Yield 0.14 %
  • ROCE 15.5 %
  • ROE 26.9 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 37.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%

Cons

  • Stock is trading at 5.49 times its book value
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
124 84 88 88 71 89 120 115 65 121 109 119 155
103 69 68 70 54 71 101 85 55 95 84 93 126
Operating Profit 20 15 20 18 17 18 20 29 10 26 25 26 30
OPM % 16% 18% 23% 21% 23% 21% 16% 26% 15% 22% 23% 22% 19%
0 0 0 0 1 1 1 0 1 0 0 0 1
Interest 6 5 5 5 5 5 5 8 9 7 6 7 6
Depreciation 0 0 0 0 0 0 0 0 1 1 1 1 1
Profit before tax 14 10 15 13 12 14 15 22 2 19 19 19 24
Tax % 3% 13% 20% 9% 15% 23% 21% 9% 86% 20% 14% 17% 31%
13 8 12 12 10 11 12 20 0 16 16 16 16
EPS in Rs 3.28 2.01 2.83 2.81 2.40 2.60 2.87 4.85 0.05 3.79 3.90 3.78 3.96
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
70 100 108 122 185 188 239 233 270 331 389 504
62 80 83 87 122 151 186 190 222 261 312 397
Operating Profit 8 20 25 35 63 37 53 43 48 70 77 108
OPM % 11% 20% 23% 29% 34% 20% 22% 18% 18% 21% 20% 21%
1 1 2 1 2 1 4 5 2 2 2 1
Interest 9 14 6 4 10 15 32 30 28 21 25 26
Depreciation 0 1 1 1 1 1 2 2 2 2 2 2
Profit before tax -1 7 19 31 53 22 23 16 20 48 52 81
Tax % 400% 60% 40% 33% 32% 34% 19% 29% 21% 15% 18% 21%
-3 3 11 21 36 15 18 11 16 41 43 64
EPS in Rs -0.72 0.32 2.46 4.63 7.97 3.05 3.15 1.33 2.71 10.04 10.37 15.46
Dividend Payout % -28% 79% 12% 19% 13% 16% 16% 0% 0% 0% 5% 10%
Compounded Sales Growth
10 Years: 18%
5 Years: 16%
3 Years: 23%
TTM: 30%
Compounded Profit Growth
10 Years: 47%
5 Years: 37%
3 Years: 79%
TTM: 49%
Stock Price CAGR
10 Years: 23%
5 Years: 57%
3 Years: 56%
1 Year: 103%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 25%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 41 41 41 41 41 41 41 41 41 41 41 51
Reserves 11 12 21 40 73 76 80 86 98 137 169 213
125 129 146 211 256 277 378 387 296 299 332 477
74 129 179 201 235 282 226 234 255 377 440 450
Total Liabilities 251 311 386 492 604 676 725 748 689 854 981 1,191
4 5 5 5 13 27 11 20 20 21 22 21
CWIP 5 0 0 0 0 0 0 0 0 0 0 0
Investments 0 6 1 5 0 0 0 0 0 0 0 0
242 300 380 482 591 648 715 728 668 834 959 1,170
Total Assets 251 311 386 492 604 676 725 748 689 854 981 1,191

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-104 49 -14 -24 -30 14 -81 25 121 21 -12 -121
-7 -6 5 -15 -3 -15 18 -8 -1 -1 -2 -1
93 -40 4 39 31 1 66 -21 -119 -17 7 128
Net Cash Flow -18 3 -5 0 -1 1 3 -3 1 3 -7 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 12 22 28 66 99 43 55 35 66 80 75
Inventory Days 4,203 3,877 721 657
Days Payable 683 577 111 76
Cash Conversion Cycle 0 12 22 28 66 99 43 3,575 3,335 66 690 657
Working Capital Days 841 569 639 759 680 641 675 729 534 478 476 518
ROCE % 6% 11% 13% 14% 19% 10% 12% 9% 10% 14% 14% 16%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
74.31% 74.31% 74.41% 74.50% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71%
0.33% 0.32% 1.16% 1.46% 0.70% 0.69% 0.69% 0.65% 0.56% 0.00% 0.00% 0.03%
0.00% 1.38% 1.71% 1.38% 1.39% 1.39% 1.39% 0.51% 0.00% 0.00% 0.00% 0.00%
25.36% 23.99% 22.72% 22.65% 23.19% 23.21% 23.21% 24.12% 24.74% 25.28% 25.28% 25.25%
No. of Shareholders 5,7437,0357,7067,3487,9367,1136,4916,8307,0146,6456,5066,440

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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