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Arihant Capital Markets Limited (511605) Fair Value & Analysis

Financial · IN · Market cap ₹1.3B

AC Arihant Capital Markets Limited 511605 · BSE
Price₹73.45
Fair Value₹149.18
Upside+103.1%
Quality50/100
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Expensive Growth
Highly profitable · 22.6% net margin
Low debt
1.37% dividend yield
Wide moat 71/100
Evidence: High Range ₹99.75 – ₹266.19 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from ₹141.68 to ₹149.18 (+5.3%) since Aug 9, 2026.

A solid business, screening 103% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹99.75). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (₹99.75 to ₹266.19). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹119.00 ₹12.47 Fair Value ₹149.18 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹12.47 – ₹119.00 · fair‑value band ₹99.75 – ₹266.19 · the ₹73.45 price screens below the ₹149.18 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Arihant Capital Markets Limited (511605) currently trades at ₹73.45, while our model-based Fair Value estimate is ₹149.18, implying the stock looks roughly 103.1% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Financial sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Arihant Capital Markets Limited generated revenue of ₹860M at a net margin of 22.6%. Revenue grew 26.6% year over year. It earns a return on equity of 12.8%. The stock trades on a trailing P/E of 8.6 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹99.75 (bear case) to ₹266.19 (bull case); at ₹73.45, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial peers we cover trades at -32% fair-value upside, at 103%, 511605 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹74.15 ₹127.47 ₹208.03 80
Residual Income ₹174.33 ₹220.31 ₹558.27 76
Rev-Margin DCF ₹131.15 ₹254.44 ₹422.02 74
All 13 models by family
DCF Models
Owner Earnings ₹239.45 ₹432.14 ₹747.36 31
5Y P/E Exit ₹188.79 ₹385.12 ₹621.66 38
10Y P/E Exit ₹144.73 ₹300.06 ₹540.65 35
Earnings-Based
Graham-Dodd ₹191.70 ₹1,040 ₹1,442 54
Lynch FV ₹288.32 ₹411.88 ₹535.45 50
Dividend Discount
Gordon GGM ₹19.42 ₹35.00 ₹48.18 70
DDM Multi-Stage ₹19.42 ₹31.97 ₹37.39 61
Multiples
P/E Multiple ₹274.87 ₹366.49 ₹458.12 63
P/B Multiple ₹193.87 ₹258.49 ₹323.11 55
Asset-Based
NCAV (Graham) ₹92.32 ₹123.70 ₹184.63 50
Growth DCF
Growth DCF ₹74.15 ₹127.47 ₹208.03 80
Rev-Margin DCF ₹131.15 ₹254.44 ₹422.02 74
Economic Profit
Residual Income ₹174.33 ₹220.31 ₹558.27 76

Widest divergence: Earnings-Based (₹411.88) versus Dividend Discount (₹31.97). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹860M
Revenue growth (YoY) +26.6%
Net margin 22.6%
Return on equity 12.8%
P/E ratio 8.6 as of Jul 4, 2026
Operating margin 29.1%
More key figures
EPS (TTM) ₹9.36
Dividend yield 1.4%
EPS growth (YoY) +28.4%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 46 · Market factors (momentum, volatility) 28

Profitability 52
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Arihant Capital Markets Limited, together with its subsidiaries, provides various financial products and services to individuals, corporations, and financial institutions primarily in India.

Full company description

Arihant Capital Markets Limited, together with its subsidiaries, provides various financial products and services to individuals, corporations, and financial institutions primarily in India. Its products for individuals include equities, mutual funds, derivatives, currency, commodities, online and mobile trading, private client group, research, stock lending and borrowing, and investment and trading webinars; and Demat, NRI, RGESS, IPO, and depository services, as well as fixed income products. The company also offers merchant banking and investment banking, institutional broking, FPI, and corporate investment services for corporate and institution. Arihant Capital Markets Limited was founded in 1992 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Arihant Capital Markets Limited reported revenue of ₹2.5B in FY2025 versus ₹1.2B in FY2021, a compound +20.9%/yr. Reported net income was ₹587M in FY2025, compounding +14.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹2.5B
Latest YoY
+5.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.2%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.5%
Revenue +20.9%/yr
FY21 ₹1.2B
FY22 ₹1.7B
FY23 ₹1.4B
FY24 ₹2.4B
FY25 ₹2.5B
Net income +14.1%/yr
FY21 ₹347M
FY22 ₹504M
FY23 ₹291M
FY24 ₹705M
FY25 ₹587M

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Cite: Fair Value Calculator (2026). "Arihant Capital Markets Limited Fair Value". https://www.fairvalue-calculator.com/stock/511605

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Arihant Capital Markets Limited (511605) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹149.18 versus a price of ₹73.45, about +103% (undervalued).
What is the fair value of 511605?
Our model-based fair value for Arihant Capital Markets Limited is ₹149.18 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹73.45.
What is the quality score of 511605?
Arihant Capital Markets Limited has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Arihant Capital Markets Limited (511605)?
Arihant Capital Markets Limited reported trailing-twelve-month revenue of about ₹860M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 511605?
The net profit margin of Arihant Capital Markets Limited is about 22.6%, meaning it keeps roughly 22.6% of revenue as net income. Based on the latest reported figures.
Does Arihant Capital Markets Limited pay a dividend?
Arihant Capital Markets Limited currently shows a dividend yield of about 1.37% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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