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ARIHANT Fair Value & Analysis

Real Estate · IN · Market cap ₹8.7B (≈ $92.0M) · ISIN INE413D01011

What is ARIHANT really worth?

A ARIHANT ARIHANT · BSE
Price₹957.90
Fair Value₹922.89
Upside−3.7%
Quality49/100

Below-average quality, currently priced close to our fair value of ₹922.89.

As of Aug 22, 2026, the fair value of ARIHANT is ₹922.89 per share against a price of ₹957.90, so the fair value sits 4% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Solidly profitable · 14.0% net margin
Moderate debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +49.4 %/yr)
!Mixed vs. peers (6/14)
!Moderate moat 53/100
!Weak on valuation: 28 out of 100
!Weak on dividend: 2 out of 100
Evidence: High Range ₹500.75 – ₹1,347

Fair value as of: Aug 22, 2026

From 16 valuation models · updated 15 days ago

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (₹500.75 to ₹1,347). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

₹1,499 ₹16.86 Fair Value ₹922.89 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range ₹16.86 – ₹1,499 · fair‑value band ₹500.75 – ₹1,347 · the ₹957.90 price screens above the ₹922.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

ARIHANT (ARIHANT) currently trades at ₹957.90, while our model-based Fair Value estimate is ₹922.89, implying the stock looks roughly 3.8% fairly valued today. The Quality Score stands at 49/100 (below-average quality), in the Real Estate sector. Bull case: the DCF Models group reads highest at a median of ₹1,705 per share, and 9 of the 16 models we run sit above the ₹957.90 price. Bear case: the Asset-Based group reads lowest at ₹229.06, and 7 of the 16 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, ARIHANT generated revenue of ₹4.2B at a net margin of 14.0%. Revenue grew 120.0% year over year. It earns a return on equity of 17.3%. Net debt stands at ₹3.9B. Fundamentals as of Aug 22, 2026

Our scenario range runs from ₹500.75 (bear case) to ₹1,347 (bull case); at ₹957.90, the current price sits within 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 33% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at −4%, ARIHANT screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ₹40.39 per share, which is 4.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF ₹590.54 ₹1,074 ₹2,582 71
Growth DCF ₹535.96 ₹1,296 ₹2,521 71
5Y EBITDA Exit ₹800.51 ₹1,714 ₹3,509 68
All 16 models by family
DCF Models
FCF DCF ₹590.54 ₹1,074 ₹2,582 71
5Y Revenue Exit ₹588.51 ₹1,286 ₹2,749 65
5Y EBITDA Exit ₹800.51 ₹1,714 ₹3,509 68
10Y Revenue Exit ₹567.53 ₹1,705 ₹2,457 63
10Y EBITDA Exit ₹753.79 ₹2,151 ₹4,617 60
Dividend Discount
Gordon GGM ₹6.95 ₹13.86 ₹20.98 64
DDM Multi-Stage ₹6.95 ₹11.97 ₹14.62 65
Multiples
P/S Multiple ₹692.17 ₹922.89 ₹1,154 58
P/B Multiple ₹512.82 ₹683.77 ₹854.71 55
EV/EBIT ₹1,157 ₹1,644 ₹2,131 65
EV/EBITDA ₹845.51 ₹1,229 ₹1,613 67
EV/Revenue ₹500.78 ₹846.42 ₹1,192 52
Asset-Based
NCAV (Graham) ₹170.94 ₹229.06 ₹341.88 54
Growth DCF
Growth DCF ₹535.96 ₹1,296 ₹2,521 71
Rev-Margin DCF ₹684.26 ₹1,514 ₹3,246 65
Economic Profit
Residual Income ₹347.79 ₹488.77 ₹1,861 61

Widest divergence: DCF Models (₹1,705) versus Dividend Discount (₹11.97). Highest evidence: FCF DCF (71).

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Key figures & financial health

P/E ratio 16.2
P/S ratio 2.27 P/E × margin
EPS (TTM) ₹59.20 price ÷ EPS = P/E 16.2
Dividend yield 0.1% payout 1.6%
Net margin 14.0% FY2025
Return on equity 17.3% TTM
More key figures
Profitability
Return on assets (EBIT) 5.6% avg 5y
Operating margin 7.4% TTM
Growth
Revenue (TTM) ₹4.2B TTM
Revenue growth (YoY) +120% 3y avg +87.0%
EPS growth (YoY) −65.8%
Balance sheet & cash flow
Free cash flow ₹612M FY2025
Net debt ₹3.9B FY2025 · ≈ 6.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 34

Profitability 43
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 55
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ARIHANT reported revenue of ₹4.2B in FY2025 versus ₹828M in FY2021, a compound +50.1%/yr. Reported net income was ₹590M in FY2025.

Growth Quality 91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
₹4.2B
Latest YoY
+103.6%
Avg. revenue 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.
+87.0%
Avg. revenue 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.
+49.4%
Avg. revenue growth/yr (12Y) 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.
+21.6%
Value creation/yr (3Y, in INR) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +63.2% (approximate, leans on 2025) · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+63.1%
Dividend yield0.1%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−11.0% (2020) → 22.9% (2025) · rising
Worst earnings drop13,210,985% (2020) (loss year, drop beyond 100%) · in INR
⚠ Rate leans on 2025: that final year sits 277% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue +50.1%/yr
FY21 ₹828M
FY22 ₹643M
FY23 ₹1.2B
FY24 ₹2.1B
FY25 ₹4.2B
Net income
FY21 −₹10.0M
FY22 ₹99.7M
FY23 ₹135M
FY24 ₹427M
FY25 ₹590M

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Cite: Fair Value Calculator (2026). "ARIHANT Fair Value". https://www.fairvalue-calculator.com/stock/ARIHANT

Peer Group

Real Estate Development · 29 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside −4% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth 120% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.92× · Higher than 75% of peers

Valuation Multiples vs Real Estate Development median · lower = cheaper

P/E (TTM) 16.2× · Cheaper than median
P/B 2.34× · Pricier than median
P/S (TTM) 2.06× · Pricier than median
P/FCF 0.2× · Pricier than median
EV/EBITDA 12.2× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE28 · sector 35
FUTURE100 · sector 0
PAST69 · sector 8
HEALTH54 · sector 95
DIVIDEND2 · sector 9

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

Similar stocks

10 more Real Estate Development stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
CPI FIM SA OPG 3.50 PLN 3.15 PLN −10%
NIRLON NIRLON ₹640.30 ₹625.72 −2%
Sunteck Realty Limited 512179 ₹299.45 ₹153.98 −49%
BRRL BRRL ₹940.00 ₹650.57 −31%
MODIS MODIS ₹377.85 ₹241.58 −36%
BRNP BRNP 98.00 PHP 178.37 PHP +82%
Marathon Nextgen Realty Limited 503101 ₹365.10 ₹38.14 −90%
NAVKAR NAVKAR ₹0.9600 ₹1.91 +99%
SAMOR SAMOR ₹91.30 ₹18.44 −80%
HBESD HBESD ₹77.26 ₹86.66 +12%

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Frequently asked questions

Is ARIHANT overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of ₹922.89 versus a price of ₹957.90, about −4% upside (fairly valued).
What is the fair value of ARIHANT?
Our model-based fair value for ARIHANT is ₹922.89 (as of Aug 22, 2026), built from audited fundamentals. The current price: ₹957.90.
What is the quality score of ARIHANT?
ARIHANT has a Quality Score of 49/100. 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 price target for ARIHANT?
Our model-based price target is the fair value of ₹922.89 (as of Aug 22, 2026) from 16 valuation models. Cautious scenario ₹500.75, optimistic scenario ₹1,347. It is a calculation from audited fundamentals, not an analyst target.
What is the ARIHANT stock forecast for 2026?
Our models put fair value at ₹922.89, about −4% upside versus a price of ₹957.90 (fairly valued). Cautious scenario ₹500.75, optimistic scenario ₹1,347. The calculation is refreshed regularly with new filings.
What is the revenue of ARIHANT?
ARIHANT reported trailing-twelve-month revenue of about ₹4.2B (latest available figure, as of Aug 22, 2026).
What is the net profit margin of ARIHANT?
The net profit margin of ARIHANT is about 14.0%, meaning it keeps roughly 14.0% of revenue as net income. Based on the latest reported figures.
Does ARIHANT pay a dividend?
ARIHANT currently shows a dividend yield of about 0.10% relative to its recent price (as of Aug 22, 2026).
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