Arihant Foundations & Housing Limited (ARIHANT.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-3463.7%

-₹28,053.33

vs ₹834.00 price

Levered DCF

₹9,346.15

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.39×	15.57×	7.8×	3.36×	-27.93×	-1.51×	-1.94×	-9.3×
P/B	2.6×	2.14×	0.55×	0.19×	0.24×	0.15×	0.12×	0.15×
P/S	2.3×	3.22×	0.85×	0.52×	0.34×	0.27×	0.28×	0.29×
EV / EBITDA	12.15×	9.73×	6.47×	13.49×	-106.81×	-59.97×	30.96×	-131.35×
Gross margin	27.3%	42.8%	39.9%	45.5%	25.7%	10.3%	-21.3%	13.9%
Operating margin	22.9%	30.9%	32.5%	20.5%	-4.5%	-11.6%	-33.8%	-2.6%
Net margin	14.0%	20.7%	10.9%	15.5%	-1.2%	-17.8%	-14.4%	-3.1%
Current ratio	2.45×	2.63×	1.89×	1.65×	0.91×	1.24×	1.22×	2.95×
Debt / equity	1.08×	0.42×	0.74×	0.98×	2.88×	3.34×	3.63×	0.95×
Interest coverage	3.83×	3.05×	2.4×	0.64×	-0.34×	-0.28×	-0.9×	-0.08×
Dividend yield	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	2.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.9%	13.7%	7.1%	5.6%	-0.9%	-10.1%	-6.1%	-1.6%
Return on invested capital	8.9%	10.5%	7.9%	2.8%	-0.9%	-1.6%	-3.1%	-0.2%
Return on assets	5.8%	7.3%	3.1%	2.0%	-0.2%	-1.8%	-1.0%	-0.7%
Free cash flow yield	4.8%	-12.8%	28.2%	438.5%	-132.8%	969.7%	-1688.5%	-121.4%
Earnings yield	6.1%	6.4%	12.8%	29.7%	-3.6%	-66.4%	-51.6%	-10.7%
Enterprise value	₹13.3B	₹7.8B	₹2.4B	₹1.8B	₹3.6B	₹3.4B	₹3.9B	₹1.7B
Net debt / EBITDA	3.31×	1.39×	3.64×	11.01×	-98.57×	-57.34×	29.93×	-113.71×
Cash conversion cycle (days)	311	532	591	1,375	1,215	1,070	1,565	651