Northern ARC Capital Ltd
Founded in 2009, Northern Arc Capital Limited offers retail loans to underserved households and businesses in India.[1]
- Market Cap ₹ 2,732 Cr.
- Current Price ₹ 169
- High / Low ₹ 351 / 163
- Stock P/E 7.23
- Book Value ₹ 202
- Dividend Yield 0.00 %
- ROCE 10.9 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.84 times its book value
- Company has delivered good profit growth of 25.7% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 12.5% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 562 | 601 | 643 | 868 | 1,254 | 1,829 | 2,238 | |
| 127 | 154 | 240 | 227 | 387 | 728 | 911 | |
| Operating Profit | 435 | 447 | 403 | 641 | 867 | 1,100 | 1,327 |
| OPM % | 77% | 74% | 63% | 74% | 69% | 60% | 59% |
| 16 | 0 | 3 | 6 | 4 | 16 | 20 | |
| Interest | 302 | 310 | 323 | 411 | 558 | 726 | 829 |
| Depreciation | 3 | 7 | 7 | 9 | 10 | 15 | 15 |
| Profit before tax | 146 | 131 | 76 | 227 | 303 | 375 | 503 |
| Tax % | 39% | 31% | 27% | 28% | 26% | 25% | |
| 89 | 90 | 56 | 164 | 225 | 280 | 378 | |
| EPS in Rs | 11.40 | 10.24 | 6.37 | 18.42 | 25.31 | 31.34 | 31.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 42% |
| TTM: | 46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 71% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 13% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 78 | 87 | 88 | 89 | 89 | 89 | 161 |
| Reserves | 993 | 1,323 | 1,388 | 1,538 | 1,755 | 2,161 | 3,093 |
| 2,980 | 3,004 | 4,015 | 6,066 | 7,117 | 9,048 | 9,191 | |
| 77 | 69 | 85 | 142 | 243 | 321 | 322 | |
| Total Liabilities | 4,129 | 4,483 | 5,576 | 7,835 | 9,205 | 11,620 | 12,768 |
| 4 | 23 | 21 | 19 | 43 | 50 | 50 | |
| CWIP | 3 | 1 | 1 | 0 | 1 | 0 | 0 |
| Investments | 1,049 | 1,048 | 1,253 | 1,639 | 1,697 | 1,653 | 1,648 |
| 3,073 | 3,411 | 4,302 | 6,177 | 7,464 | 9,917 | 11,070 | |
| Total Assets | 4,129 | 4,483 | 5,576 | 7,835 | 9,205 | 11,620 | 12,768 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| -114 | -90 | -977 | -1,329 | -1,292 | ||
| 35 | -1 | 356 | -377 | -174 | ||
| 81 | 233 | 684 | 2,023 | 966 | ||
| Net Cash Flow | 2 | 142 | 63 | 316 | -500 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 10 | 5 | 8 | 8 | 6 | 3 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 10 | 5 | 8 | 8 | 6 | 3 |
| Working Capital Days | -22 | -6 | -14 | 3 | -26 | -27 |
| ROCE % | 10% | 8% | 10% | 10% | 11% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5 Mar
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21 Feb - Transcript of earnings conference call for Q3 FY 25.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Feb - Audio recording of earnings conference call for Q3 FY25.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Feb - Northern Arc Capital announces Q3FY25 financial results.
-
Announcement under Regulation 30 (LODR)-Change in Management
14 Feb - Board approved Q3 results and director's continuation.
Annual reports
Concalls
-
Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT
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Oct 2024Transcript PPT
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Oct 2024TranscriptPPTREC
Business Profile[1] Northern ARC Capital is a diversified financial services platform addressing credit needs of underserved households and businesses in India. Over the past 15 years, it has facilitated financing of over ₹1.73 lakh crore, impacting 10.18 crore lives.