NSE: ARIHANT · BSE: 531381
ARIHANT FOUN & HOU LTD
Develops and sells residential, commercial, IT park and senior living real estate, with activity concentrated in Chennai. Revenue is earned from property sales and customer collections against those sales, delivered through a single real estate development segment. In FY26 the company reported consolidated revenue of ₹420.32 crore, with operations run through subsidiaries and joint ventures. Pipeline has been expanded through an 18-acre central Chennai land acquisition, a 16.33-acre Padi joint venture with Prestige Group (estimated GDV ₹5,000 crore), and a boutique Grade A office project on Anna Salai (estimated GDV ₹300 crore). Materials and construction absorb 87.6% of revenue, with employees at 2.9% and other operating expenses at 4.4%. The business is asset-heavy and land-led, with project execution funded in part by NCD and warrant issues. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real estate development. Asset-heavy, single-segment real estate developer with land-led business model
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 83 | 64 | 124 | 206 | 420 |
| EBITDA (ex other income) | (3) | 13 | 26 | 64 | 97 |
| margin % | (4.0) | 21.0 | 20.8 | 31.2 | 23.2 |
| Owners' profit | (1) | 10 | 14 | 43 | 59 |
| EPS, as reported (₹) | (5.51) | 11.60 | 15.70 | 46.88 | 59.17 |
| ROE % · ROCE % | (1.5) · 3.9 | 5.6 · 10.3 | 7.1 · 12.1 | 13.7 · 18.2 | 15.9 · 15.0 |
| Debt / equity (x) | 3.36 | 0.76 | 0.62 | 0.42 | 1.07 |
| Cash from operations | (34) | 147 | 14 | (83) | 79 |
| Capex | (3) | (0) | (0) | (2) | (17) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 48 | 52 | 67 | 83 | 88 | 102 | 148 |
| Profit before tax | 14 | 15 | 16 | 14 | 21 | 25 | 28 | 9 |
| Net profit | 10 | 11 | 11 | 11 | 16 | 20 | 20 | 4 |
| EPS (₹) | 11.06 | 12.28 | 11.20 | 12.59 | 17.95 | 20.12 | 20.01 | 4.30 |
Exhibit 3: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.5 | 13.5 | 51 of 102 | 51% |
| P/B | 2.3 | 1.3 | 58 of 86 | 33% |
| ROCE | 11.5 | 10.4 | 49 of 108 | 55% |
| ROE | 15.9 | 9.2 | 18 of 88 | 81% |
| Debt / Equity | 1.1 | 0.4 | 79 of 88 | 10% |
| EBITDA margin | 14.3 | 12.4 | 41 of 89 | 55% |
| Revenue growth | 118.9 | 6.7 | 6 of 87 | 94% |
| Profit growth | (62.6) | 2.6 | 68 of 85 | 20% |
| Market cap | 837 | 471 | 46 of 108 | 58% |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Routine compliance: Reg 74(5) certificate for Q2 FY27 | compliance | minimal | — | — |
| 5 Oct 2026 · AGM Results: All 9 Resolutions Passed with 99.99% Support | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Trading window closure from Oct 1, 2026 for Q2 FY26 results | compliance | minimal | — | — |
| 30 Sept 2026 · 33rd AGM concludes - all 9 resolutions passed by shareholders | board shareholder meetings | medium | — | — |
| 9 Sept 2026 · 33rd AGM notice published, e-voting from Sept 26 to 29 | compliance | minimal | — | — |
| 8 Sept 2026 · FY26 Annual Report and 33rd AGM Notice filed; revenue doubled, PAT up 38% | board shareholder meetings | low | — | — |
| 8 Sept 2026 · 33rd AGM Notice - September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Appointment of Mr Chirag Satish Shah as Independent Director for 5 years | management changes | medium | — | — |
| 18 Aug 2026 · Arihant Q1 FY27: Revenue up 60% YoY at ₹135.67 Cr, PAT rises 47% | investor communications | medium | — | — |
| 14 Aug 2026 · Arihant Foundations Q1FY27 PAT up 47% YoY at 24 Cr, revenue up 60% YoY | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.