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Arham Technologies Ltd (ARHAM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ARHAM Consumer Durables - Electronics | Small Cap | Arham Technologies Share Price

BSE Share Price
Not Listed

Arham Technologies Ltd (ARHAM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ARHAM Consumer Durables - Electronics | Small Cap | Arham Technologies Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹309 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹3.4
TTM Sales
₹102 Cr.
Book Value per Share
₹40.6
P/E Ratio
41.91
Higher than its 5-year historical median
Industry PE
70.1
Price to Book (P/B)
3.49
Lower than its 5-year historical median
Price to Sales (P/S)
3.02
In line with its 5-year historical median
EV/EBITDA
25.32
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
12.46%
Outperforms industry median
Return on Capital Employed (ROCE)
14.01%
Outperforms industry median
Return on Assets (ROA)
7.18%
Operating Profit Margin
12.9%
Net Profit Margin
7.22%
Gross Profit Margin
10.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
56.92%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
19.35%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
24.03%
Asset Quality
Promoter Holding
56.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹67 Cr.
Equity
₹21.8 Cr.
Face Value
₹10
All Time Low / High
- / -

Arham Technologies stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Arham Technologies Ltd a good quality company?
Arham Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Arham Technologies Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Arham Technologies Ltd vs industry peers?
Arham Technologies Ltd revenue CAGR is 36.44%, compared to the industry median CAGR of 5.73%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Arham Technologies Ltd?
Promoters hold 56.16% of the Arham Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Arham Technologies Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 19.75% based on the current price.

10 Year X-Ray :

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.
Arham Technologies Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 12.2%30.3%35.9%25.1%22.1%20.2%14%-
Value Creation
Index
-0.11.21.60.80.60.4NA-

Growth Parameters

Sales 13.822.836.548.454.765.2102102
Sales YoY Gr.-65.1%60.3%32.8%12.9%19.1%56.9%-
Adj EPS 0.51.72.42.12.83.53.43.4
YoY Gr.-258.7%47.9%-13.9%32.9%26.2%-4%-
BVPS (₹) 1.73.35.811.314.117.640.640.6
Adj Net
Profit
0.6233.64.767.47
Cash Flow from Ops. -0-1.4-3.6-4.24.54-25.6-
Debt/CF from Ops. -533.3-6.2-2.9-2.94.46.9-1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA35.1%28.3%56.9%
Adj EPS NA15.4%17.2%-4%
BVPSNA64.9%53.4%130.3%
Share Price - - 17.7% 49%

Key Financial Parameters

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
27.265.853.727.12222.212.18.3
Op. Profit
Mgn %
11.915.813.412.715.51712.9NAN
Net Profit
Mgn %
4.198.37.38.69.17.27.2
Debt to
Equity
3.52.11.50.60.80.90.3-
Working Cap
Days
01421641732102632770
Cash Conv.
Cycle
01261331421852261700

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales142336485565102
Operating Expenses + 12193242465489
Manufacturing Costs0001111
Material Costs12183040425085
Employee Cost 0011111
Other Costs 0111222
Operating Profit 245681113
Operating Profit Margin (%) 11.9%15.8%13.4%12.7%15.5%17.0%12.9%
Other Income + 0010100
Exceptional Items 0000000
Interest 1111222
Depreciation 1000111
Profit Before Tax 13457810
Tax -0111223
Profit After Tax 1234567
PAT Margin (%) 4.1%9.0%8.3%7.3%8.9%9.1%7.2%
Adjusted EPS (₹)0.51.72.42.12.93.53.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Valuation of Arham Technologies - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 24719243089
Share Capital 222881722
Reserves 02511151367
Debt +781012182624
Long Term Debt3244428
Short Term Debt4668152416
Minority Interest0000000
Trade Payables01412520
Others Liabilities 0321448
Total Liabilities 101523334865141

Fixed Assets

Net Fixed Assets +43231098
Gross Block4534121212
Accumulated Depreciation1111234
CWIP 00040024
Investments 00000010
Inventories381013274030
Trade Receivables23101091244
Cash Equivalents 0001000
Others Assets 10122325
Total Assets 101523334865141

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -0-1-4-454-26
PBT 1234567
Adjustment 11-00233
Changes in Working Capital -2-5-7-8-3-5-36
Tax Paid 0000000
Cash Flow From Investing Activity + -0-01-5-31-34
Capex -0-0-0-5-31-24
Net Investments 000-0-0-0-10
Others 0020000
Cash Flow From Financing Activity + -12210-2-460
Net Proceeds from Shares 00080055
Net Proceeds from Borrowing -4-020-1-27
Interest Paid -1-100-1-2-2
Dividend Paid 0000000
Others 42010-00
Net Cash Flow -1-001-1-00

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)27.2165.8253.6927.1422.6722.1612.46
ROCE (%)12.1930.2535.8825.1222.1220.1614.01
Asset Turnover Ratio1.411.811.881.721.351.150.99
PAT to CFO Conversion(x)-0-0.5-1.33-110.67-3.71
Working Capital Days
Receivable Days49.3038.1066.2078.1063.2058.8099.90
Inventory Days89.2094.909083.40133.60189.80126
Payable Days11.909.1024.8022.2014.6026.6053.70

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Arham Technologies Ltd FAQs

The current trading price of Arham Technologies on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Arham Technologies stood at ₹309.3 Cr

The latest P/E ratio of Arham Technologies as of 31-Dec-1969 is 41.91.

The latest P/B ratio of Arham Technologies as of 31-Dec-1969 is 3.49.

The 52-week high of Arham Technologies is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Arham Technologies is ₹102 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Arham Technologies Ltd is a average quality company.

The key valuation ratios of Arham Technologies Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Arham Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Arham Technologies Ltd

The company was originally incorporated as Private Limited Company in the name of “Arham Techonologies Private Limited” on December 27, 2013 under the provision of the Companies Act, 1956 bearing Corporate Identification Number issued by Registrar of Companies – Chhattisgarh. Subsequently, name of the company changed to “Arham Technologies Private Limited” vide fresh Certificate of Incorporation dated February 27, 2014 bearing Corporate Identification Number issued by Registrar of Companies – Chhattisgarh. Subsequently, the company was converted into Public Limited Company under the Companies Act, 2013 and the name of the Company was changed to “Arham Technologies Limited” vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated January 11, 2022 bearing Corporate Identification Number issued by Registrar of Companies – Chhattisgarh.

Arham Technologies is engaged in manufacturing of LED Smart Televisions, with different screen sizes under its brand ‘STARSHINE’. It also manufactures Fans, Air Coolers and Mixer Grinders through third party manufacturers under its brand ‘STARSHINE’. It has network of dealers and distributors across Chhattisgarh, Madhya Pradesh, Odisha, Vidarbha, Andhra Pradesh and parts of Uttar Pradesh. The company also serves under Original Equipment Manufacturer (OEM) business models for LED Televisions. Under the OEM model, it manufactures and supply products as per the requirements of its customers, who then further distribute these products under their own brands. With primary focus on quality, it has been catering to a number of regional brands in Central India. With serving Original Equipment Manufacturer (OEM), it has adopted a cost-effective pricing strategy which gives the clients an upper hand over other brands.

The company plans to add other products in its portfolio by way of white labelling, to be a part of bigger portfolio of products. However, it plans to keep its focus on sales of Smart Televisions by making schemes and offers centric to Televisions. It is also setting up a manufacturing facility for Fans at its existing locations which shall give better margin and control in supply chain, as it does not have to depend on other manufacturers for procurement. It is strategically located in Electronic Manufacturing Cluster, in new Smart City of Raipur, which is one of the very first smart cities of India. Chhattisgarh borders seven states i.e. Odisha, Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh Uttar Pradesh and Jharkhand which gives direct market access to these states. Inland port, also gives an advantage to the location, which brings down cost of import and exports as compared to busy ports like Nhava Sheva etc. Being located in central part of India, it enjoys many geographical advantages.

Business area of the company

The company is engaged in manufacturing of LED Smart Televisions. The company manufactures LED Televisions with different screen sizes under the brand 'STARSHINE'. The company also manufactures Fans, Air Coolers and Mixer Grinders through third-party manufacturers.

Key Milestones

  • 2013: Incorporation of our Company.
  • 2013: Started manufacturing of LED Televisions.
  • 2015: Started manufacturing of Ceiling Fans.
  • 2017: Acquired land in Electronic Manufacturing Cluster, Raipur, Chhattisgarh from CSIDCL on lease basis for setting up manufacturing unit of Electronics Products.
  • 2019: Started its own manufacturing unit of LED Television with production capacity of 36,000 nos. of Television per year.
  • 2020: Crossed turnover of Rs 10 crore.
  • 2021: Started manufacturing of Air Cooler, Washing Machine and Mixer Grinder.
  • 2012: Increased Production Capacity of 60,000 nos. of Television per year.
  • 2021: Crossed turnover of Rs 20 crore.
  • 2022: Increased Production Capacity of 84,000 nos. of Television per year.
  • 2022: Crossed Turnover of Rs 30 crore.
  • 2022: Setting up of own fan manufacturing unit at our existing location and a term loan of Rs 3 crore has been sanctioned by Bank of Baroda.
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