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10 Yrs X-Ray 
Valuation 
Analyst Note 
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About
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
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
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹450 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹5.6
TTM Sales
₹119 Cr.
Book Value per Share
₹43.5
P/E Ratio
36.87
Lower than its 5-year historical median
Industry PE
61.8
Price to Book (P/B)
4.75
Lower than its 5-year historical median
Price to Sales (P/S)
3.80
Higher than its 5-year historical median
EV/EBITDA
25.50
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
19.38%
In line with industry median
Return on Capital Employed (ROCE)
18.73%
Underperforms industry median
Return on Assets (ROA)
10.01%
Operating Profit Margin
16.1%
Net Profit Margin
10.29%
Gross Profit Margin
14.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
56.92%
Operating Profit Growth (1 Year)
-
49.96%
Net Profit Growth (1 Year)
-
67.58%
Asset Quality
Promoter Holding
56.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹73 Cr.
Equity
₹21.8 Cr.
Face Value
₹10
All Time Low / High
₹0.00 / 0.00
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Arham Technologies Ltd a good quality company?
Arham Technologies Ltd is a weak quality company, based on a inconsistent 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?
Revenue growth of Arham Technologies Ltd vs industry peers?
Arham Technologies Ltd revenue CAGR is %, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
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.
Stock return of Arham Technologies Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 23.79% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.2% | 30.3% | 35.9% | 25.1% | 22.1% | 20.2% | 14% | - |
| Value Creation Index ⓘ | -0.1 | 1.2 | 1.6 | 0.8 | 0.6 | 0.4 | 0 | - |
Growth Parameters ⓘ |
||||||||
| Sales ⓘ | 13.8 | 22.8 | 36.5 | 48.4 | 54.7 | 65.2 | 102 | 102 |
| Sales YoY Gr. | - | 65.1% | 60.3% | 32.8% | 12.9% | 19.1% | 56.9% | - |
| Adj EPS ⓘ | 0.5 | 1.7 | 2.4 | 2.1 | 2.8 | 3.5 | 3.4 | 3.4 |
| YoY Gr. | - | 258.7% | 47.9% | -13.9% | 32.9% | 26.2% | -4% | - |
| BVPS (₹) ⓘ | 1.7 | 3.3 | 5.8 | 11.3 | 14.1 | 17.6 | 40.6 | 40.6 |
| Adj Net Profit ⓘ | 0.6 | 2 | 3 | 3.6 | 4.7 | 6 | 7.4 | 7 |
| Cash Flow from Ops. ⓘ | -0 | -1.4 | -3.6 | -4.2 | 4.5 | 4 | -25.6 | - |
| Debt/CF from Ops. ⓘ | -533.3 | -6.2 | -2.9 | -2.9 | 4.4 | 6.9 | -1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 35.1% | 28.3% | 56.9% | ||||
| Adj EPS ⓘ | NA | 15.4% | 17.2% | -4% | ||||
| BVPSⓘ | NA | 64.9% | 53.4% | 130.3% | ||||
| Share Price | - | - | 23.8% | 106.3% | ||||
Key Financial Parameters ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 27.2 | 65.8 | 53.7 | 27.1 | 22 | 22.2 | 12.1 | 8.3 |
| Op. Profit Mgn % ⓘ | 11.9 | 15.8 | 13.4 | 12.7 | 15.5 | 17 | 12.9 | NAN |
| Net Profit Mgn % ⓘ | 4.1 | 9 | 8.3 | 7.3 | 8.6 | 9.1 | 7.2 | 7.2 |
| Debt to Equity ⓘ | 3.5 | 2.1 | 1.5 | 0.6 | 0.8 | 0.9 | 0.3 | - |
| Working Cap Days ⓘ | 0 | 142 | 164 | 173 | 210 | 263 | 277 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 126 | 133 | 142 | 185 | 226 | 170 | 0 |
Valuation of Arham Technologies - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'25 | Mar'26 |
|---|---|---|
| Sales | 70 | 119 |
| Operating Expenses ⓘ + | 57 | 100 |
| Operating Profit ⓘ | 13 | 19 |
| Operating Profit Margin (%) | 18.2% | 16.1% |
| Other Income ⓘ + | 0 | 0 |
| Interest ⓘ | 2 | 2 |
| Depreciation ⓘ | 1 | 1 |
| Profit Before Tax ⓘ | 10 | 16 |
| Tax ⓘ | 2 | 4 |
| Profit After Tax | 7 | 12 |
| PAT Margin (%) | 10.4% | 10.3% |
| Adjusted EPS (₹) | 4.3 | 5.6 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'25 | Mar'26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 31 | 95 | |||||||||
| Debt + | 26 | 35 | |||||||||
| Minority Interest | 0 | 0 | |||||||||
| Trade Payables | 8 | 35 | |||||||||
| Others Liabilities ⓘ | 4 | 10 | |||||||||
| Total Liabilities ⓘ | 70 | 174 | |||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 9 | 35 | |||||||||
| CWIP ⓘ | 0 | 0 | |||||||||
| Investments ⓘ | 0 | 4 | |||||||||
| Inventories | 42 | 36 | |||||||||
| Trade Receivables | 16 | 58 | |||||||||
| Cash Equivalents | 0 | 0 | |||||||||
| Others Assets ⓘ | 3 | 40 | |||||||||
| Total Assets ⓘ | 70 | 174 | |||||||||
| PARTICULARS | Mar'25 | Mar'26 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 2 | -40 |
| Cash Flow From Investing Activity ⓘ + | 1 | -32 |
| Cash Flow From Financing Activity ⓘ + | -2 | 72 |
| Net Cash Flow ⓘ | 0 | 0 |
| PARTICULARS | Mar'25 | Mar'26 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 23.33 | 19.38 | ||||||||
| ROCE (%) | 20.12 | 18.73 | ||||||||
| Asset Turnover Ratio | 1 | 0.97 | ||||||||
| PAT to CFO Conversion(x) | 0.29 | -3.33 | ||||||||
| Working Capital Days | ||||||||||
| Receivable Days | 81.10 | 112.60 | ||||||||
| Inventory Days | 220.60 | 120.40 | ||||||||
| Payable Days | 58.60 | 83.20 | ||||||||
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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 ₹450.0 Cr
The latest P/E ratio of Arham Technologies as of 31-Dec-1969 is 60.98.
The latest P/B ratio of Arham Technologies as of 31-Dec-1969 is 5.08.
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 below 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 Somewhat overvalued 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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