Arihant Capital Markets Limited (ARIHANTCAP) is a comprehensive financial services company incorporated in 1992, providing stock and commodities broking, portfolio management services (PMS), financial services, real estate, insurance broking, and other related activities. The company was founded by Ashok Kumar Jain on June 25, 1992, and is headquartered in Mumbai, India. The company got its shares listed on the National Stock Exchange of India (NSE) in 2021.
Arihant Capital Markets Limited operates as a financial services company engaged in stock broking, commodities broking, portfolio management services, financial services, real estate, insurance broking, and other related activities. The company acts as a stock and commodities broker to execute proprietary trades on behalf of its clients, which include retail customers (including high net worth individuals), mutual funds, financial institutions, and corporate clients.
The company's business is organized into four main segments: Broking & Related Activities, Financing Activities, Asset Management Activities, and Real Estate Development Activities.
Its investment solutions cover equities, derivatives, currency, commodity, mutual funds, fixed income, gold, and national pension scheme. The corporate solutions include investment services, merchant banking and investment banking services, depository services, and equity research. For high net worth individual (HNI) clients, the company offers Arihant Platinum, portfolio management services (PMS), and financial planning. Its non-resident Indian (NRI) services include investment across asset classes and platforms, depository services, financial planning, and other services.
The retail broking services include equity trading, derivatives trading, currency trading, and mutual funds, while institutional broking services encompass equity and derivatives trading, portfolio management services, investment banking, and advisory services. The company also offers wealth management services such as portfolio management services, mutual funds, insurance, and tax planning.
As of the latest available data, Arihant Capital Markets has a market capitalization of ₹934 crore. According to TradingView, the market capitalization stood at ₹7.31 billion, though it had decreased by 5.90% over the week. The stock trades at a P/E ratio of 18.6 with a book value of ₹36.9 and dividend yield of 0.56%.
* Market Capitalization: ₹934 crore (as of latest data) / ₹7.31 billion (TradingView)
* P/E Ratio: 18.6
* Book Value: ₹36.9
* Dividend Yield: 0.56%
* Promoter Holding: 69.81% (as of March 2025)
* Q1 FY 2024-25 (March 2025):
* Revenue: ₹46.81 crore
* Net Profit: ₹7.70 crore (fell 68.78% compared to the same period last year)
* Q3 FY 2024-25 (December 2024):
* Revenue: ₹56.99 crore (fell 22.6% year-on-year)
* Net Profit: ₹12.25 crore (declined 37.47% compared to the same period last year)
* Q2 FY 2024-25 (September 2024):
* Revenue: ₹77.77 crore
* Net Profit: ₹19.94 crore
The company has shown a declining performance, with net profit decreasing from ₹19.94 crore to ₹7.7 crore over the last three quarters, with an average decrease of 37.9% per quarter. Revenue has also been declining from ₹77.77 crore to ₹46.81 crore over the same period.
The stock reached its all-time high of ₹124.80 on October 17, 2024, and its all-time low was ₹22.25 on June 18, 2021. The 52-week high share price is ₹124.90 and the 52-week low is ₹53.85. Over the last year, the stock has shown a 19.22% increase.
The stock has a beta coefficient of 1.70 and is considered 3.62% volatile. Promoter holding stands at 69.81% as of March 2025, unchanged from June 2024.
The company held an Extra-Ordinary General Meeting (EGM) on July 31, 2025, at 12:30 PM through video conferencing. The board has approved Q1 FY25-26 results and initiated equity fund raising via QIP/preferential allotment, with EGM and AGM notices issued.
The company has shown consistent expansion over the years:
* 2008: Launched currency derivatives and interest rate futures trading.
* 2012: Acquired 51% shares of Arihant Financial Planners & Advisors Pvt Ltd.
* 2013: Launched mobile trading services.
* 2016: Established Arihant Capital (IFSC) Limited as a subsidiary to provide international financial services.
* 2017: Established a unit in International Financial Services Centre, Gift City, Gujarat.
The company has shown operational improvements with debtor days improving from 250 to 143 days. However, investors should note the contingent liabilities of ₹295 crore. The company maintains a healthy profit margin of 31.17% and a strong cash balance of ₹436.48 crore, which offsets its debt of ₹99.27 crore.
The company is known for its wide range of popular brands such as Arihant Equity, Arihant Derivatives, Arihant Commodities, Arihant Mutual Funds, Arihant Insurance, Arihant Tax Planning, and Arihant Investment Banking. It maintains a dedicated institutional team that caters to mutual fund houses, insurance companies, and almost all banks active in the capital market segment.
The financial services sector continues to evolve with technological advancements and regulatory changes, presenting both opportunities and challenges for established players like Arihant Capital Markets. The company's diversified service offerings and established client base position it to navigate market volatility, though recent quarterly performance suggests the need for strategic focus on operational efficiency and revenue growth.
