Arihant Capital Markets Limited (ARIHANTCAP) Fair Value & Analysis

Financial Services · IN · Market cap ₹7.6B

A solid business, but screening 50% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹46.64). The favourable scenario is already priced in.
• Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

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 ₹23.18 – ₹118.91 · fair‑value band ₹30.78 – ₹46.64 · the ₹74.82 price screens above the ₹37.31 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Arihant Capital Markets Limited (ARIHANTCAP) currently trades at ₹74.82, while our model-based Fair Value estimate is ₹37.31, implying the stock looks roughly 50.1% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Arihant Capital Markets Limited generated revenue of ₹1.8B at a net margin of 17.1%. Revenue grew 3.5% year over year. It earns a return on equity of 7.6%. The balance sheet holds a net cash position of ₹2.7B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹30.78 (bear case) to ₹46.64 (bull case); at ₹74.82, the current price sits above 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 38% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -18% fair-value upside, at -50%, ARIHANTCAP screens richer 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.

Widest divergence: Growth DCF (₹359.71) versus Dividend Discount (₹7.18). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Arihant Capital Markets Limited, together with its subsidiaries, provides financial advisory, brokerage, and consultancy services in India. It offers stock, commodities, and insurance broking services, as well as portfolio management, financial, real estate, and other related services.

Full company description

Arihant Capital Markets Limited, together with its subsidiaries, provides financial advisory, brokerage, and consultancy services in India. It offers stock, commodities, and insurance broking services, as well as portfolio management, financial, real estate, and other related services. The company is also involved in the Retail broking, and depository services; Serving banks, insurance companies, mutual funds, and other institutions; mobile, web and desktop trading platforms for equities, ETFs, derivatives, IPOs, NCDs, commodities, and currencies; capital markets services, corporate finance, strategic advisory services, valuation, and specialized services; and mutual funds, fixed income, bonds, and NPS distribution services. In addition, the company offers NBFC and MTF loan against shares, and margin trading funding services; portfolio management services; and investment across asset classes, and platforms. It serves retail customers, mutual funds and financial institutions, and corporate clients. The company was incorporated in 1992 and is headquartered in Indore, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Arihant Capital Markets Limited reported revenue of ₹2.1B in FY2026 versus ₹969M in FY2022, a compound +20.8%/yr. Reported net income was ₹315M in FY2026, compounding −11.1%/yr from FY2022.

ARIHANTCAP screens 50% overvalued. Compare with Mirae Asset Securities Co →

Peer Group

Capital Markets · 421 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.

Valuation Multiples vs Capital Markets median · lower = cheaper

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.

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

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

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.