Arihant Superstructures Ltd

Arihant Superstructures Ltd

₹ 349 3.91%
22 Nov - close price
About

Incorporated in 1994, Arihant Superstructures Ltd is in the business of real estate
development[1]

Key Points

Business Overview:[1]
a) ASL is a real estate player in affordable and mid-income housing segment in the MMR region
b) It has recently ventured into premium luxury real estate segment to develop Villa projects, a hotel and a sports gymkhana
c) Company has expertise in land acquisition & procurement, liaison, design & engineering, EPC and marketing & sales
d) Company enters into JD, JV, and DM arrangements in the mid-income segment to remain Asset-Light with ~19% of Ongoing development area on asset-light model

  • Market Cap 1,437 Cr.
  • Current Price 349
  • High / Low 435 / 240
  • Stock P/E 28.2
  • Book Value 68.4
  • Dividend Yield 0.34 %
  • ROCE 16.4 %
  • ROE 29.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 39.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%

Cons

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
88 88 71 89 120 115 65 121 109 119 155 84 112
68 70 54 71 101 85 55 94 84 93 124 73 83
Operating Profit 20 18 17 18 20 29 10 27 25 26 31 11 29
OPM % 23% 21% 23% 21% 16% 26% 15% 23% 23% 22% 20% 13% 26%
0 0 1 1 1 0 1 0 0 0 1 0 1
Interest 5 5 5 5 5 8 9 6 6 7 6 8 9
Depreciation 0 0 0 0 0 0 1 1 1 1 1 1 1
Profit before tax 15 13 12 14 15 22 2 21 19 19 25 3 20
Tax % 20% 9% 15% 23% 21% 9% 86% 18% 14% 17% 29% 23% 21%
12 12 10 11 12 20 0 17 16 16 17 2 16
EPS in Rs 2.83 2.81 2.40 2.60 2.87 4.85 0.05 4.20 3.90 3.78 4.24 0.48 3.88
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 TTM
70 100 108 122 185 188 239 233 270 331 389 504 470
62 80 83 87 122 151 186 190 222 261 312 397 374
Operating Profit 8 20 25 35 63 37 53 43 48 70 78 108 96
OPM % 11% 20% 23% 29% 34% 20% 22% 18% 18% 21% 20% 21% 20%
1 1 2 1 2 1 4 5 2 2 2 7 3
Interest 9 14 6 4 10 15 32 30 28 21 26 26 31
Depreciation 0 1 1 1 1 1 2 2 2 2 2 2 2
Profit before tax -1 7 19 31 53 22 23 16 20 48 52 86 66
Tax % 400% 60% 40% 33% 32% 34% 19% 29% 21% 15% 18% 20%
-3 3 11 21 36 15 18 11 16 41 43 69 51
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 16.82 12.38
Dividend Payout % -28% 79% 12% 19% 13% 16% 16% 0% 0% 0% 5% 7%
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: 23%
5 Years: 68%
3 Years: 25%
1 Year: 40%
Return on Equity
10 Years: 20%
5 Years: 20%
3 Years: 26%
Last Year: 30%

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 Sep 2024
Equity Capital 41 41 41 41 41 41 41 41 41 41 41 41 41
Reserves 11 12 21 40 73 76 80 86 98 137 169 216 241
125 129 146 211 256 277 378 387 296 299 332 477 556
74 129 179 201 235 282 226 234 255 377 491 462 540
Total Liabilities 251 311 386 492 604 676 725 748 689 854 1,033 1,197 1,378
4 5 5 5 13 27 11 20 20 21 22 21 53
CWIP 5 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 6 1 5 0 0 0 0 0 0 0 0 0
242 300 380 482 591 648 715 728 668 834 1,011 1,176 1,325
Total Assets 251 311 386 492 604 676 725 748 689 854 1,033 1,197 1,378

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 -126
-7 -6 5 -15 -3 -15 18 -8 -1 -1 -2 5
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
Days Payable 683 577
Cash Conversion Cycle 0 12 22 28 66 99 43 3,575 3,335 66 80 75
Working Capital Days 841 569 639 759 680 641 675 729 534 478 476 522
ROCE % 6% 11% 13% 14% 19% 10% 12% 9% 10% 14% 14% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.31% 74.41% 74.50% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71%
0.32% 1.16% 1.46% 0.70% 0.69% 0.69% 0.65% 0.56% 0.00% 0.00% 0.03% 0.02%
1.38% 1.71% 1.38% 1.39% 1.39% 1.39% 0.51% 0.00% 0.00% 0.00% 0.00% 0.00%
23.99% 22.72% 22.65% 23.19% 23.21% 23.21% 24.12% 24.74% 25.28% 25.28% 25.25% 25.27%
No. of Shareholders 7,0357,7067,3487,9367,1136,4916,8307,0146,6456,5066,4407,660

* 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.

Click on the line-items to see the names of individual entities.

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