ARHAM
Arham Technologies financials
- Market cap
- ₹467 Cr
- Sector
- Consumer Durables
- Calls analysed
- 2
ARHAM Q4 FY26
What went well
- FY26 Revenue from operations stood at ₹118.5 crores, marking an approximate 70% year-over-year growth.
- Profit After Tax (PAT) for FY26 reached ₹12.2 crores, a significant 68% increase from ₹7.2 crores in the previous year.
- The company successfully raised ₹53.5 crores through a preferential allotment, with ₹26-27 crores already deployed for capacity expansion.
What to watch
- H2 FY26 saw margin compression due to raw material volatility and a strategic decision to pass on margins to acquire more dealers and distributors.
- Debtor days increased to approximately 113 days in FY26, exceeding the target of below 90 days, attributed to H2 expansion and seasonal demand.
What Arham Technologies Ltd does
Arham Technologies is an electronics manufacturer and OEM based in the Electronic Manufacturing Cluster, Raipur, Chhattisgarh, making Smart LED televisions (32"-98") under its premium Starshine and mass-market Aratton brands, ceiling/BLDC/pedestal/table/exhaust fans, and home appliances such as air coolers, washing machines and mixer grinders. It has backward-integrated key stages in-house, from design and tooling to fabrication, assembly and testing, and reaches customers through a dealer and distributor network for both B2B and B2C segments. The company is also entering the interactive flat panel display (IFPD) market for smart classrooms and enterprise use, having secured Google EDLA certification with Android 14 for its IFPDs.
Segments
- Smart Televisions
- Fans
- Home Appliances
- Interactive Flat Panel Displays (IFPD)
- Total blended manufacturing capacity
- 8.5 lakh units/year
- Smart TV production capacity
- 3,00,000 units/year
- Fan production capacity
- 5,00,000 units/year
- Home appliances production capacity
- 50,000+ units/year
- Current capacity utilization
- ~50%
- Dealer network
- 500+ dealers across 7-8 states
Guidance record · Q4 FY26
what the last two calls moved 12 tracked 1 delivered 0 missed 11 open- FY26 Sales delivered said Q2 FY26 Promised: ₹115-120 crores Q4 FY26: Company reported FY26 revenue from operations of ₹118.5 crores, which is within the guided range.
- Number of Distributors delayed said Q2 FY26 Promised: 250 by end of FY27 Q4 FY26: Management reiterated the target of 250 distributors but pushed the timeline from 'end of FY27' to 'by FY28'. Current distributor count is ~80.
- FY28 Sales on track said Q2 FY26 Promised: ₹300 crores Q4 FY26: Company has guided for ₹200 crores revenue in FY27, showing a clear path towards the FY28 target.
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 160.7%, net profit up 100.0% against the same quarter last year.
| Line item | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 28 | 32 | 37 | 46 | 73 +161% |
| EBITDA | 5 | 5 | 8 | 8 | 11 +120% |
| Net profit | 3 | 3 | 5 | 6 | 6 +100% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +122.6% 1Y
1Y: ₹96.1 on 10 Sept 2025 → ₹213.9. High ₹215.4 (28 Aug 2026), low ₹96.1 (10 Sept 2025).
How the price took the results
close before → close after
- Q4 FY26
- −1.0%
- 27 May
- Q2 FY26
- +0.1%
- 17 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹8 Cr | ₹17 Cr | ₹22 Cr |
| Reserves | ₹15 Cr | ₹20 Cr | ₹77 Cr |
| Borrowings | ₹18 Cr | ₹36 Cr | ₹26 Cr |
| Other liabilities | ₹6 Cr | ₹13 Cr | ₹39 Cr |
| Total liabilities | ₹48 Cr | ₹86 Cr | ₹163 Cr |
| Fixed assets | ₹10 Cr | ₹15 Cr | ₹35 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹4 Cr |
| Other assets | ₹38 Cr | ₹70 Cr | ₹124 Cr |
| Total assets | ₹48 Cr | ₹86 Cr | ₹163 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −16.24 pp while the public added +15.61 pp. The shareholder count shrank 7% to 1,188.
- Promoters
- 56.2%
- FIIs
- 0.6%
- Public
- 43.2%
Since Jun 2025
- Promoters −16.24 pp
- Public +15.61 pp
- FIIs +0.62 pp
How it drifted, 11 quarters
Over this window promoters fell from 73.0% to 56.2% — −16.9 pp.
Ownership split by quarter, oldest first. Mar '23: Promoters 73.0%, Public 26.9%.Sep '23: Promoters 73.0%, Public 26.9%.Mar '24: Promoters 72.3%, DIIs 0.0%, Public 27.7%.Sep '24: Promoters 72.3%, Public 27.7%.Dec '24: Promoters 72.4%, Public 27.6%.Mar '25: Promoters 72.4%, Public 27.6%.Jun '25: Promoters 72.4%, Public 27.6%.Sep '25: Promoters 72.4%, Public 27.6%.Dec '25: Promoters 72.4%, Public 27.6%.Mar '26: Promoters 56.2%, FIIs 0.4%, Public 43.4%.Jun '26: Promoters 56.2%, FIIs 0.6%, Public 43.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Nikhil Santosh Oswal +0.08 pp 2.25% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Arham Technologies Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Roshan Jain | 17.99% | unchanged |
| Ankit Jain | 16.12% | unchanged |
| Anekant Jain | 10.40% | unchanged |
| Rukmani Jain | 7.12% | unchanged |
| Roshan Jain & Sons | 4.40% | unchanged |
| Nikhil Santosh Oswal | 2.25% | +0.08 pp |
| Nidhi Naresh Nandu | 1.84% | unchanged |
| Llp | 1.84% | unchanged |
| Kanika Jain | 0.12% | unchanged |
| Pranav Agrawal | 0.01% | unchanged |
| Areeza India Strategy Partners Llp | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 15.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (2)
Read the Q4 FY26 call →Learn to analyse Arham Technologies Ltd
Guides on how to read this kind of business and the numbers that matter.