ARIHANTACA
Arihant Academy financials
- Market cap
- ₹303 Cr
- Sector
- Consumer Services
What Arihant Academy Limited does
Arihant Academy runs physical coaching centres across Mumbai and the Mumbai Metropolitan Region (MMR), teaching students from Class 8 through junior college. Its programmes span School Boards (SSC, ICSE, CBSE for Class 8-10), a Science stream (Class 11-12, preparing for boards plus JEE/NEET/MHT-CET) and a Commerce stream (Class 11-12, including CA/CS/management coaching). It supplements classroom teaching with the Arihant Edge App (video lectures, attendance, performance tracking) and has grown its group by acquiring a 51% stake in Zeal Education Academy and a 100% stake in Arihant Carmel, a Vasai-based Science coaching institute.
Segments
- School Boards
- Science
- Commerce
- Total operating centres
- 23
- Students enrolled
- 14,506
- Teaching and non-teaching staff
- 500+
- Cumulative students coached since inception
- 1,80,000+
- Geographic footprint
- 20+ centres across Mumbai Metropolitan Region (Western Suburbs, Central Suburbs, Navi Mumbai)
- Academic verticals
- 3 (School Boards, Science, Commerce)
Quarterly results
Q1 FY27: revenue up 27.5%, net profit up 11.2% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 10 | 9 | 17 | 16 | 14 +42% | 16 +76% | 22 +28% |
| EBITDA | 2 | 1 | 2 | 3 | 3 +45% | 5 +872% | 4 +50% |
| Net profit | 1 | 1 | 2 | 2 | 2 +51% | 3 +249% | 2 +11% |
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 +25.5% 1Y
1Y: ₹398.25 on 10 Sept 2025 → ₹500. High ₹540 (14 Nov 2025), low ₹387.5 (12 Sept 2025).
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹63 Cr |
| Operating profit | ₹13 Cr |
| Operating margin | 21.4% |
| Interest | ₹0 Cr |
| Depreciation | ₹3 Cr |
| Net profit | ₹9 Cr |
| Net margin | 14.5% |
| Cash from operations | ₹10 Cr |
| Free cash flow | ₹-3 Cr |
| ROCE | 42.5% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹6 Cr |
| Reserves | ₹2 Cr | ₹3 Cr | ₹5 Cr | ₹23 Cr | ₹27 Cr |
| Borrowings | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹24 Cr | ₹24 Cr |
| Total liabilities | ₹8 Cr | ₹8 Cr | ₹11 Cr | ₹54 Cr | ₹57 Cr |
| Fixed assets | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹19 Cr | ₹20 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹14 Cr | ₹10 Cr |
| Other assets | ₹5 Cr | ₹5 Cr | ₹8 Cr | ₹20 Cr | ₹24 Cr |
| Total assets | ₹8 Cr | ₹8 Cr | ₹11 Cr | ₹54 Cr | ₹57 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 Mar 2026
Since Mar 2025, promoters trimmed −1.90 pp while the public added +1.90 pp. The shareholder count grew 29% to 371.
- Promoters
- 64.7%
- Public
- 35.3%
Since Mar 2025
- Promoters −1.90 pp
- Public +1.90 pp
- FIIs 0.00 pp
How it drifted, 8 quarters
Over this window the public went from 26.9% to 35.3% — +8.3 pp.
Ownership split by quarter, oldest first. Dec '22: Promoters 73.0%, FIIs 0.1%, Public 26.9%.Mar '23: Promoters 73.0%, Public 27.0%.Sep '23: Promoters 73.0%, Public 27.0%.Mar '24: Promoters 67.5%, Public 32.5%.Sep '24: Promoters 67.5%, Public 32.5%.Mar '25: Promoters 66.6%, Public 33.4%.Sep '25: Promoters 64.7%, Public 35.3%.Mar '26: Promoters 64.7%, Public 35.3%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Shri Nilesh K Shah Huf newly disclosed 1.47% held
- Kuber Equity Services Llp newly disclosed 1.12% held
- Kesar Tracom India Llp +0.14 pp 1.16% 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 Mar 2026 filing
Every holder of Arihant Academy Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Anil Suresh Kapasi | 26.14% | unchanged |
| Umesh Anand Pangam | 25.23% | unchanged |
| Hiral Anil Kapasi | 9.72% | unchanged |
| Shri Nilesh K Shah Huf | 1.47% | newly disclosed |
| Kirti Umesh Pangam | 1.46% | unchanged |
| Kesar Tracom India Llp | 1.16% | +0.14 pp |
| Kuber Equity Services Llp | 1.12% | newly disclosed |
| Rishika Umesh Pangam | 1.09% | unchanged |
| Harsh Anil Kapasi | 1.09% | unchanged |
| Soham Sanjiv Vasant | 1.07% | unchanged |
| Anokhilal Kataria | 1.06% | unchanged |
| Sharda Suresh Shah | 0.00% | unchanged |
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
- 23.1% 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
Learn to analyse Arihant Academy Limited
Guides on how to read this kind of business and the numbers that matter.