Arihant Foundations & Housing Ltd - Stock Valuation and Financial Performance

BSE: 531381 | NSE: ARIHANT | Construction - Real Estate | Small Cap

Arihant Foundn. &Hsg Share Price

132.35 2.55 1.96%
as on 12-Apr'24 10:16

DeciZen - make an informed investing decision on Arihant Foundn. &Hsg

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Arihant Foundations & Housing stock performance -

mw4me loader
P/E Ratio (SA):
76.91
Market Cap:
113.8 Cr.
52-wk low:
35.2
52-wk high:
144.5

Is Arihant Foundations & Housing Ltd an attractive stock to invest in?

1. Is Arihant Foundations & Housing Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Arihant Foundations & Housing Ltd is a below average quality company.

2. Is Arihant Foundations & Housing Ltd undervalued or overvalued?

The key valuation ratios of Arihant Foundations & Housing Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Arihant Foundations & Housing Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Arihant Foundations & Housing Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Arihant Foundn. &Hsg:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Arihant Foundations & Housing Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Sep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3.3%3.4%1.4%5%4.4%4.6%3.6%3.9%3.7%7%-
Value Creation
Index
-0.8-0.8-0.9-0.7-0.7-0.7-0.7-0.7-0.7-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 64.452.957.554.739.36317.231.448.439.263
Sales YoY Gr.--17.9%8.8%-4.8%-28.2%60.2%-72.7%82.4%54.1%-18.9%-
Adj EPS 3.51.2-4.91.70.5-6.8-5.80.40.51.41.7
YoY Gr.--65.7%-510.8%NA-69.6%-1433.3%NANA28.2%170%-
BVPS (₹) 192.9155.5150.6174.2174.9177.3178.8179.3194.2195.5197.2
Adj Net
Profit
31-4.21.40.4-5.9-50.30.41.21
Cash Flow from Ops. -16.7-24.514.83.725.1-40.19.9-12.559.1-16.2-
Debt/CF from Ops. -6.2-5.67.637.55.3-3.312.4-8.11.8-8.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -5.4%-0%31.6%-18.9%
Adj EPS -10%21.5%NA170%
BVPS0.2%2.3%3%0.7%
Share Price 16.7% 34.7% 90.2% 258.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Sep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.80.8-3.20.90.3-3.9-3.30.20.30.70.9
Op. Profit
Mgn %
11.711.9-5.581.4-4-6-1.89.324.57
Net Profit
Mgn %
4.72-7.42.61.1-9.3-28.91.10.932.3
Debt to
Equity
0.610.90.90.90.90.80.70.60.8-
Working Cap
Days
1,8511,9531,8412,3443,0621,8806,9193,7562,4733,2291,199
Cash Conv.
Cycle
6957346085309597642,7221,175366-246353

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.90%

Sales growth is growing at healthy rate in last 3 years 31.63%

Debt to equity has declined versus last 3 years average to 0.82

Sales growth is good in last 4 quarters at 143.01%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Arihant Foundations & Housing Ltd.

Standalone Consolidated
TTM EPS (₹) 1.7 17
TTM Sales (₹ Cr.) 63.4 92.2
BVPS (₹.) 197.2 221.7
Reserves (₹ Cr.) 161 182
P/BV 0.67 0.60
PE 76.91 7.79
From the Market
52 Week Low / High (₹) 35.20 / 144.50
All Time Low / High (₹) 3.77 / 685.50
Market Cap (₹ Cr.) 114
Equity (₹ Cr.) 8.6
Face Value (₹) 10
Industry PE 81.3

Management X-Ray of Arihant Foundn. &Hsg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Arihant Foundn. &Hsg

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSSep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales64667255396317314839
Operating Expenses 57587650396618324430
Manufacturing Costs2318913139761317
Material Costs273155221645-11222-2
Employee Cost 2222222324
Other Costs 571013791010711
Operating Profit 78-441-3-1-1410
Operating Profit Margin (%) 11.5%11.8%-5.6%7.9%1.4%-4.0%-6.0%-1.8%9.3%24.5%
Other Income 571218203225161119
Interest 8131419172722141327
Depreciation 1121100000
Exceptional Items -2000000000
Profit Before Tax 22-82222122
Tax 10-31211000
Profit After Tax 21-51012011
PAT Margin (%) 2.6%1.9%-7.3%2.6%1.1%2.3%8.8%1.5%2.2%2.9%
Adjusted EPS (₹)1.91.5-6.11.70.51.71.80.61.21.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSSep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 166167162150150152154154167168
Share Capital 9999999999
Reserves 157159153141142144145146158160
Minority Interest0000000000
Debt77145123125991101027464106
Long Term Debt77145123125991101027464106
Short Term Debt0000000000
Trade Payables31302557262328476982
Others Liabilities 114769133876472778675
Total Liabilities 388419401364363349356353387431

Fixed Assets

Gross Block18181818181614131515
Accumulated Depreciation4577887777
Net Fixed Assets141312111087788
CWIP 0000000000
Investments 17201912241211234041
Inventories921088081768899907790
Trade Receivables89446772767780394142
Cash Equivalents 10265372143423
Others Assets166208218185170162146192217227
Total Assets 388419401364363349356353387431

Cash Flow

(All Figures are in Crores.)
PARTICULARSSep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -17-3119425-4010-1259-16
PBT 22-82222122
Adjustment 3740-2-2-8-98-1
Changes in Working Capital -20-3923133-3917-246-17
Tax Paid -3000-8-10-240
Cash Flow From Investing Activity 441225141252-919
Capex -100001290-10
Net Investments 0-319-12122-12-18-1
Others 57121713181414919
Cash Flow From Financing Activity 1342-51-31-22-7-23-1-4915
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000-2511-87-27-8
Interest Paid -8-13-14-14-12-21-15-5-7-18
Dividend Paid 0000000000
Others 2255-37-171640-3-1641
Net Cash Flow 115-20-25-512-11117
PARTICULARSSep'13Dec'14Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.010.77-3.170.930.290.970.990.310.660.69
ROCE (%)44.721.957.246.8610.258.475.675.669.96
Asset Turnover Ratio0.180.160.180.140.110.180.050.090.130.1
PAT to CFO Conversion(x)-8.5-31N/A4N/A-405N/A59-16
Working Capital Days
Receivable Days4273672834656874431,665691302385
Inventory Days4655524775357274751,9901,100628777
Payable Days384361184678938200-9,8401,1259530

Arihant Foundations & Housing Ltd Stock News

Arihant Foundations & Housing Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Arihant Foundn. &Hsg on 12-Apr-2024 10:16 is ₹132.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 10:16 the market cap of Arihant Foundn. &Hsg stood at ₹113.8.
The latest P/E ratio of Arihant Foundn. &Hsg as of 12-Apr-2024 10:16 is 76.91.
The latest P/B ratio of Arihant Foundn. &Hsg as of 12-Apr-2024 10:16 is 0.67.
The 52-week high of Arihant Foundn. &Hsg is ₹144.5 and the 52-week low is ₹35.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Arihant Foundn. &Hsg is ₹63.38 ( Cr.) .

About Arihant Foundations & Housing Ltd

Arihant Foundations & Housing was incorporated in the year 1995. Since then the company has changed the skyline of Chennai, with passion for unique architectural concepts and offers citizens a sophisticated work environment with modern standard of living.

The company has an excellent track record of over 25 years in the construction industry, creating a winning collaboration with leading developers like Unitech and Foreign investors such as JP Morgan and Samsara Cap. It has partnered with global industry leaders for construction such as Larsen and Turbo, Consolidated Construction Consortium and Simplex Projects. Arihant also has alliances with international players for architecture and landscaping - Architects Team 3, Taib Landscape Studio, PDAA Landscape Designers, CPG Consultants. With development of over six million sq.ft across residential and commercial space and another sixteen million sq.ft of forthcoming projects in the next four years, the company is still transforming lives through innovative change

Arihant Foundations and Housing is a public limited company listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) where it enjoys the trust of retail, high net worth and institutional investors thanks to its one of the best dividend paying track-record in the real estate sector.

Arihant's properties such as Arihant Trade Centre, Arihant Ocean Tower, Arihant Majestic Towers and Arihant Vaikunt, are the prestigious landmarks of Chennai today. Arihant Trade Centre won the 'Project of the Year' award of Government of Maharashtra in 1995. Arihant Majestic Towers is one of the largest residential complexes in Tamil Nadu, while Arihant Ocean Tower is one of the tallest residential complexes in Chennai. Arihant develops customized IT parks since late nineties and caters to the plug & play building needs of the booming IT and ITeS industry. It has created world class IT parks with built-in intelligence, aesthetic designs and landscaped surroundings for leading high-tech organizations like Verizon, Syntel, Hutch, HCL Technologies, Sterling Infotech, Ajuba Solutions, etc. Arihant E-Park and Arihant Technopolis showcase the Arihant e-dge and competency in designing high-performance technology workspaces.

Arihant has been among the first few to bring in the concept of multi-storey buildings in Chennai. It plans to consolidate and remain focused on the lucrative southern markets -- Chennai, Coimbatore, Madurai, Vijayawada and Hyderabad.

The company has completed more than 3500 residential units and plans to develop sixteen million sq ft within the next four years catering to the high and exclusive villa segments as well as the middle and upper middle segments. With extensive networking and sourcing capabilities, it ensures better project management and control. There is constant tracking of consumer trends and buying patterns to create new business opportunities.

Business areas of the company:

Arihant caters to building segments such as villas, apartments, IT parks, hotels, shopping malls, multiplexes, developed plots and commercial buildings. It has a great ability to serve a diverse range of clients from individual home buyers to commercial clients to multi-unit investors.

Partners:

• JPMorgan - In a 50:50 SPV for a 45 acres villa development project on GST

• Unitech - In a 50:50 SPV for a 45 acres joint development on OMR  

• Samsara - In an SPV for a 4.7 million sq ft of mixed development in Vijaywada, Andhra Pradesh  

Clients:

Verizon, Dupont, Malaysian Airlines, NSE, HCL, Vodafone, ICICI, Sterling Groups

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