Arihant Superstructures Limited (ARIHANTSUP.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

+248.0%

₹736.94

vs ₹211.75 price

Levered DCF

-₹2,054.18

After debt service

Piotroski score

2 / 9

Weak

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	18.09×	41.44×	19.56×	25.96×	13.07×	13.1×	15.79×	17.35×
P/B	1.41×	5.4×	5.76×	3.89×	3.03×	1.05×	0.68×	1.85×
P/S	0.93×	3.35×	2.87×	2.09×	1.63×	0.54×	0.37×	0.94×
EV / EBITDA	10.38×	21.92×	16.84×	14.27×	11.57×	8.56×	9.69×	10.85×
Gross margin	32.8%	36.2%	38.5%	37.1%	40.4%	31.8%	34.4%	39.7%
Operating margin	22.5%	20.4%	21.8%	19.4%	21.0%	17.3%	17.7%	21.5%
Net margin	5.1%	8.1%	14.7%	8.1%	12.5%	4.1%	2.4%	5.4%
Current ratio	2.9×	2.86×	2.45×	2.07×	1.57×	2.31×	2.4×	1.9×
Debt / equity	2.41×	2.39×	1.88×	1.58×	1.68×	2.13×	3.05×	3.1×
Interest coverage	1.83×	2.52×	4.27×	2.95×	3.31×	1.66×	1.38×	1.59×
Dividend yield	0.4%	0.1%	0.0%	0.0%	0.0%	0.0%	2.4%	1.1%
Payout ratio	6.6%	3.1%	0.7%	0.0%	0.0%	0.0%	37.5%	19.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.8%	13.0%	29.4%	15.0%	23.2%	8.1%	4.3%	10.7%
Return on invested capital	7.0%	7.5%	18.1%	23.2%	11.8%	8.0%	7.5%	13.0%
Return on assets	1.6%	2.5%	6.3%	3.0%	4.8%	1.6%	0.7%	1.8%
Free cash flow yield	-32.4%	-17.5%	-8.7%	-1.8%	3.5%	81.5%	27.6%	-36.1%
Earnings yield	5.5%	2.4%	5.1%	3.8%	7.7%	7.6%	6.3%	5.8%
Enterprise value	₹13.7B	₹23.9B	₹19.3B	₹11.4B	₹8.2B	₹4.3B	₹4.6B	₹5.9B
Net debt / EBITDA	6.49×	6.61×	4.04×	4.06×	3.99×	5.65×	7.87×	6.7×
Cash conversion cycle (days)	864	831	1,141	690	1,192	1,052	895	1,052