ARIHANTCAP
Arihant Capital Markets financials
- Market cap
- ₹866 Cr
- Sector
- Financial Services
What Arihant Capital Markets Limited does
Arihant Capital Markets is a financial services company offering broking (cash, F&O, currency, commodity), wealth management, merchant banking and distribution of third-party products including mutual funds, bonds, PMS and AIF. It earns through brokerage income, interest income (including on its margin trade funding book), fees from merchant banking, and third-party distribution commissions. Clients are served through a network of business partners and retail/distribution offices as well as its own trading app (Arihant Plus) and an in-house e-KYC onboarding platform.
Segments
- Retail broking
- Institutional broking
- Interest income
- Merchant banking
- Third-party distribution
- Clients
- 2.5 lac+
- Business partners
- 700+
- Total employees
- 450+
- Average Daily Turnover (ADTO)
- ₹938 Cr
- Option contracts traded
- 74 Lacs
- MTF book
- ₹151.36 Cr
Quarterly results
Q1 FY27: revenue up 50.0%, net profit up 58.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 74 | 51 | 45 | 50 | 55 −26% | 48 −6% | 51 +13% | 75 +50% |
| EBITDA | 29 | 16 | 15 | 20 | 23 −21% | 13 −19% | 10 −33% | 33 +65% |
| Net profit | 18 | 11 | 8 | 12 | 13 −28% | 5 −55% | 3 −62% | 19 +58% |
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 −31.7% 1Y
1Y: ₹115.66 on 10 Sept 2025 → ₹79. High ₹117.13 (6 Oct 2025), low ₹58.19 (30 Mar 2026).
Financials, as filed
Revenue grew 14.0% a year over 3 years, FY23 to FY26. Operating margin narrowed to 32.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹138 Cr | ₹228 Cr | ₹241 Cr | ₹204 Cr |
| Operating profit | ₹49 Cr | ₹101 Cr | ₹89 Cr | ₹66 Cr |
| Operating margin | 35.7% | 44.3% | 36.9% | 32.4% |
| Interest | ₹9 Cr | ₹12 Cr | ₹19 Cr | ₹21 Cr |
| Depreciation | ₹1 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Net profit | ₹29 Cr | ₹67 Cr | ₹54 Cr | ₹33 Cr |
| Net margin | 21.1% | 29.4% | 22.4% | 16.2% |
| Cash from operations | ₹16 Cr | ₹-36 Cr | ₹27 Cr | ₹-105 Cr |
| Free cash flow | ₹10 Cr | ₹-39 Cr | ₹11 Cr | ₹-109 Cr |
| ROCE | 16.0% | 30.0% | 22.0% | 12.0% |
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 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹11 Cr |
| Reserves | ₹147 Cr | ₹197 Cr | ₹222 Cr | ₹283 Cr | ₹404 Cr | ₹396 Cr |
| Borrowings | ₹48 Cr | ₹78 Cr | ₹51 Cr | ₹92 Cr | ₹211 Cr | ₹225 Cr |
| Other liabilities | ₹217 Cr | ₹267 Cr | ₹205 Cr | ₹365 Cr | ₹339 Cr | ₹415 Cr |
| Total liabilities | ₹422 Cr | ₹553 Cr | ₹488 Cr | ₹751 Cr | ₹965 Cr | ₹1.0k Cr |
| Fixed assets | ₹9 Cr | ₹10 Cr | ₹14 Cr | ₹15 Cr | ₹35 Cr | ₹29 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹23 Cr | ₹29 Cr | ₹23 Cr | ₹16 Cr | ₹25 Cr | ₹43 Cr |
| Other assets | ₹390 Cr | ₹514 Cr | ₹452 Cr | ₹721 Cr | ₹906 Cr | ₹976 Cr |
| Total assets | ₹422 Cr | ₹553 Cr | ₹488 Cr | ₹751 Cr | ₹965 Cr | ₹1.0k 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 −2.13 pp while the public added +2.08 pp. The shareholder count grew 6% to 30,214.
- Promoters
- 67.7%
- FIIs
- 0.0%
- DIIs
- 0.0%
- Public
- 32.2%
Since Jun 2025
- Promoters −2.13 pp
- Public +2.08 pp
- DIIs +0.03 pp
How it drifted, 12 quarters
Over this window promoters fell from 71.6% to 67.7% — −4.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 71.6%, FIIs 0.1%, Public 28.3%.Dec '23: Promoters 70.2%, FIIs 0.1%, Public 29.8%.Mar '24: Promoters 69.8%, FIIs 0.2%, Public 30.0%.Jun '24: Promoters 69.8%, FIIs 0.2%, Public 30.0%.Sep '24: Promoters 69.8%, FIIs 0.7%, Public 29.5%.Dec '24: Promoters 69.8%, FIIs 0.5%, Public 29.7%.Mar '25: Promoters 69.8%, FIIs 0.1%, Public 30.1%.Jun '25: Promoters 69.8%, FIIs 0.0%, Public 30.2%.Sep '25: Promoters 69.8%, FIIs 0.2%, Public 30.0%.Dec '25: Promoters 67.7%, FIIs 0.0%, DIIs 0.0%, Public 32.3%.Mar '26: Promoters 67.7%, FIIs 0.1%, DIIs 0.0%, Public 32.2%.Jun '26: Promoters 67.7%, FIIs 0.0%, DIIs 0.0%, Public 32.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Arihant Capital Markets Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ashok Kumar Jain | 30.59% | unchanged |
| Kiran Jain | 18.38% | unchanged |
| Arpit Jain | 5.24% | unchanged |
| Sunil Kumar Jain | 4.88% | unchanged |
| Anuj Anantrai Sheth | 3.70% | unchanged |
| Shruti Jain | 2.84% | unchanged |
| Ashok Kumar Jain Huf | 2.28% | unchanged |
| Arpit Jain Huf | 2.28% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.44% | −0.05 pp |
| Ratik Jain | 0.88% | unchanged |
| Anvita Jain | 0.18% | unchanged |
| Meena Jain | 0.14% | 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.
Learn to analyse Arihant Capital Markets Limited
Guides on how to read this kind of business and the numbers that matter.