New Risk • May 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (8.7% net profit margin). Announcement • May 07
Arihant Superstructures Limited to Report Q4, 2026 Results on May 22, 2026 Arihant Superstructures Limited announced that they will report Q4, 2026 results on May 22, 2026 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹232, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 24x in the Real Estate industry in India. Total returns to shareholders of 6.7% over the past three years. New Risk • Mar 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.04b (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.7% net profit margin). Market cap is less than US$100m (₹9.04b market cap, or US$97.9m). New Risk • Feb 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.7% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.7% net profit margin). Announcement • Jan 31
Arihant Superstructures Limited to Report Q3, 2026 Results on Feb 10, 2026 Arihant Superstructures Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹1.41 (vs ₹2.75 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.41 (down from ₹2.75 in 2Q 2025). Revenue: ₹1.24b (up 11% from 2Q 2025). Net income: ₹99.6m (down 38% from 2Q 2025). Profit margin: 8.0% (down from 14% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 05
Arihant Superstructures Limited to Report Q2, 2026 Results on Nov 12, 2025 Arihant Superstructures Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 12, 2025 Announcement • Sep 27
Arihant Superstructures Limited Approves Final Dividend for the Financial Year Ended March 31, 2025 Arihant Superstructures Limited at its 42nd AGM held on September 27, 2025 approved to declare a Final Dividend of INR 1.50 per Equity Share for the Financial Year ended March 31, 2025. Upcoming Dividend • Sep 12
Upcoming dividend of ₹1.50 per share Eligible shareholders must have bought the stock before 19 September 2025. Payment date: 27 October 2025. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.5%). Declared Dividend • Aug 14
Dividend increased to ₹1.50 Dividend of ₹1.50 is 25% higher than last year. Ex-date: 19th September 2025 Payment date: 27th October 2025 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹2.21 (vs ₹0.29 in 1Q 2025) First quarter 2026 results: EPS: ₹2.21 (up from ₹0.29 in 1Q 2025). Revenue: ₹1.23b (up 47% from 1Q 2025). Net income: ₹159.1m (up ₹139.1m from 1Q 2025). Profit margin: 13% (up from 2.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 12
Arihant Superstructures Limited, Annual General Meeting, Sep 27, 2025 Arihant Superstructures Limited, Annual General Meeting, Sep 27, 2025, at 11:30 Indian Standard Time. Announcement • Aug 09
Arihant Superstructures Limited to Report Q1, 2026 Results on Aug 12, 2025 Arihant Superstructures Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹10.02 (vs ₹16.82 in FY 2024) Full year 2025 results: EPS: ₹10.02 (down from ₹16.82 in FY 2024). Revenue: ₹4.99b (down 1.1% from FY 2024). Net income: ₹546.8m (down 21% from FY 2024). Profit margin: 11% (down from 14% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 26
Arihant Superstructures Limited Recommends Final Dividend for the Financial Year 2025 Arihant Superstructures Limited Recommended a final dividend of INR 1.50/- per equity share of face value of INR 10/- (Rupees Ten only) each for the Financial Year 2025. The said dividend, upon approval by the Members, will be paid /dispatched to Members within 30 days of the date of the Annual General Meeting. Announcement • May 18
Arihant Superstructures Limited to Report Q4, 2025 Results on May 24, 2025 Arihant Superstructures Limited announced that they will report Q4, 2025 results on May 24, 2025 Board Change • Mar 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Woman Independent Director Namrata Thakker was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹411, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 35x in the Real Estate industry in India. Total returns to shareholders of 128% over the past three years. Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: ₹5.08 (vs ₹2.72 in 3Q 2024) Third quarter 2025 results: EPS: ₹5.08 (up from ₹2.72 in 3Q 2024). Revenue: ₹1.51b (up 27% from 3Q 2024). Net income: ₹209.3m (up 87% from 3Q 2024). Profit margin: 14% (up from 9.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Arihant Superstructures Limited Announces Appointment of Manoj Dhondge as Company Secretary and Compliance Officer Arihant Superstructures Limited announced that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has, at its meeting held February 03, 2025, inter alia, approved the appointment of Mr. Manoj Dhondge as the Company Secretary and Compliance Officer (Key Managerial Personnel) with effect from February 03, 2025. Mr. Manoj Dhondge is an associate member of Institute of Company Secretaries of India. Besides being Company Secretary, he is holding degree of Bachelor in Commerce (B.Com.), Bachelor in Law (LL.B.) and Master in Law (LL.M.)(Business Law). Announcement • Jan 28
Arihant Superstructures Limited to Report Q3, 2025 Results on Feb 03, 2025 Arihant Superstructures Limited announced that they will report Q3, 2025 results on Feb 03, 2025 Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹531, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 36x in the Real Estate industry in India. Total returns to shareholders of 198% over the past three years. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹466, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 36x in the Real Estate industry in India. Total returns to shareholders of 169% over the past three years. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: ₹2.75 (vs ₹3.11 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.75. Revenue: ₹1.12b (up 2.7% from 2Q 2024). Net income: ₹159.7m (up 25% from 2Q 2024). Profit margin: 14% (up from 12% in 2Q 2024). Announcement • Oct 18
Arihant Superstructures Limited to Report Q2, 2025 Results on Oct 26, 2024 Arihant Superstructures Limited announced that they will report Q2, 2025 results at 3:30 PM, Indian Standard Time on Oct 26, 2024 Board Change • Sep 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Woman Independent Director Namrata Thakker was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 24
Arihant Superstructures Limited Announces Resignation of Vijay Satbir Singh as Independent Director Arihant Superstructures Limited announced that Dr. Vijay Satbir Singh vide email dated 23 September, 2024, has tendered his resignation as an Independent Director of the Company, with effect from close of business hours on 23 September, 2024, due to some unavoidable and personal circumstances. Upcoming Dividend • Sep 06
Upcoming dividend of ₹1.20 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 20 October 2024. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.0%). In line with average of industry peers (0.4%). Declared Dividend • Aug 15
Dividend increased to ₹1.20 Dividend of ₹1.20 is 140% higher than last year. Ex-date: 13th September 2024 Payment date: 20th October 2024 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 12
Arihant Superstructures Limited, Annual General Meeting, Sep 20, 2024 Arihant Superstructures Limited, Annual General Meeting, Sep 20, 2024, at 12:30 Indian Standard Time. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹0.29 (vs ₹2.85 in 1Q 2024) First quarter 2025 results: EPS: ₹0.29 (down from ₹2.85 in 1Q 2024). Revenue: ₹841.9m (down 30% from 1Q 2024). Net income: ₹19.9m (down 83% from 1Q 2024). Profit margin: 2.4% (down from 9.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
Arihant Superstructures Limited to Report Q1, 2025 Results on Aug 09, 2024 Arihant Superstructures Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Announcement • Jul 10
Arihant Superstructures Limited Announces Resignation of Tasneem Marfa from the Post of Company Secretary Arihant Superstructures Limited announced that Tasneem Marfa resigned from the post of Company Secretary of the Company due to pre-occupancy in other assignments. Announcement • Jul 09
Arihant Superstructures Limited Announces Resignation of Raj Narain Bhardwaj as Independent Director Arihant Superstructures Limited informed that Mr. Raj Narain Bhardwaj (DIN: 01571764) vide letter dated 5th July, 2024, has tendered his resignation as an Independent Director of the Company, with effect from close of business hours on 5th July, 2024. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹339, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 252% over the past three years. New Risk • Jun 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.9% average weekly change). High level of non-cash earnings (27% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 17
Full year 2024 earnings released: EPS: ₹10.91 (vs ₹10.37 in FY 2023) Full year 2024 results: EPS: ₹10.91 (up from ₹10.37 in FY 2023). Revenue: ₹5.06b (up 30% from FY 2023). Net income: ₹636.2m (up 49% from FY 2023). Profit margin: 13% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹273, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 687% over the past three years. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹2.72 (vs ₹3.54 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.72 (down from ₹3.54 in 3Q 2023). Revenue: ₹1.19b (up 4.1% from 3Q 2023). Net income: ₹112.1m (down 23% from 3Q 2023). Profit margin: 9.4% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 107% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹384, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 921% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹321, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 771% over the past three years. Announcement • Nov 09
Arihant Superstructures Limited announced that it expects to receive INR 94.087098 million in funding Arihant Superstructures Limited announced a private placement of 2,090,000 warrants at a price of INR 45.01775 per warrant for the gross proceeds of INR 94,087,098 on November 7, 2023. The warrants will be converted into 1 common share at an exercise price of INR 135.05325 per share. The transaction has been approved by the shareholders of the company. Announcement • Nov 08
Arihant Superstructures Limited (BSE:506194) agreed to acquire Dwellcons Private Limited for INR 0.1 million. Arihant Superstructures Limited (BSE:506194) agreed to acquire Dwellcons Private Limited for INR 0.1 million on November 7, 2023. Dwellcons Private Limited reported a Turnover of INR 0.73 million.Transaction has already been approved by Arihant Superstructures Limited's board of directors and audit committee. Transaction is expected to complete on or before March 31, 2024. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹3.11 (vs ₹2.21 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.11 (up from ₹2.21 in 2Q 2023). Revenue: ₹1.09b (down 9.4% from 2Q 2023). Net income: ₹127.9m (up 41% from 2Q 2023). Profit margin: 12% (up from 7.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 111% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹206, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 841% over the past three years. Announcement • Nov 01
Arihant Superstructures Limited to Report Q2, 2024 Results on Nov 07, 2023 Arihant Superstructures Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 08
Upcoming dividend of ₹0.50 per share at 0.3% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 23 October 2023. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.5%). Announcement • Sep 02
Arihant Superstructures Limited Appoints Namrata Thakker as the Additional Non-Executive Woman Independent Director Arihant Superstructures Limited informed that based on the recommendation of Nomination and Remuneration Committee, the Board of Directors have appointed Ms. Namrata Thakker as the Additional Non-Executive Woman Independent Director of the Company for a term of five years with effect from 1 September, 2023 by passing a circular resolution on 1 September, 2023. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹2.85 (vs ₹2.12 in 1Q 2023) First quarter 2024 results: EPS: ₹2.85 (up from ₹2.12 in 1Q 2023). Revenue: ₹1.21b (up 36% from 1Q 2023). Net income: ₹117.2m (up 34% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 12
Arihant Superstructures Limited, Annual General Meeting, Sep 23, 2023 Arihant Superstructures Limited, Annual General Meeting, Sep 23, 2023, at 10:00 Indian Standard Time. Announcement • Aug 11
Arihant Superstructures Limited Appoints Pramod Deshpande as Additional Non-Executive Independent Director Arihant Superstructures Limited appointed Mr. Pramod Deshpande, as Additional Non-Executive Independent Director of the Company for a term of five years with effect from August 10, 2023 by passing circular resolution on August 3, 2023. Date of birth: 12th December 1958. Education: Passed Dip. in Architecture and Passed Degree in Architecture. Experience: Two years worked in Private Limited Company and firms1then one year of experience with CIDCO corporation. Worked for approx. 35 years from 1984 in Semi Govt., Corporation of Govt Maharashtra in MIDC During the tenure serve in various department of MIDC like Architecture & Planning SEZ – DMICD & other departments and retired from MIDC as Associate Architect as Class I officer IN December 2016. Skills: After retirement1 giving consultancy & assistance of Government matters to Private Limited Companies, for their Industrial & Urban Projects. Attended various Bord Meetings as a representative of MIDC in Government companies like MADC, DMICDC & MNGL Pune etc- Regularly associated with officers in Mantralaya in various Department like Urban Development, Industries & GAD etc. Announcement • Aug 09
Arihant Superstructures Limited Announces Resignation of Ms. Darshni Lakhani as Company Secretary and Compliance Officer (Key Managerial Personnel) Arihant Superstructures Limited announced that Ms. Darshni Lakhani, company secretary and compliance officer (key managerial personnel) of the company has tendered her resignation on August 08, 2023 due to personal reasons effective immediately. The company would like to inform the exchanges and the stakeholders Ms. Darshni H. Lakhani, who was on an extended probation due to dissatisfactory performance and lack of competence, has tendered her resignation with effect from 7th August 2023 which was accepted by the management on 8th August 2023. Board Change • May 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Woman Non-Executive Independent Director Chandra Iyengar was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 24
Full year 2023 earnings released: EPS: ₹7.63 (vs ₹10.04 in FY 2022) Full year 2023 results: EPS: ₹7.63. Revenue: ₹3.92b (up 18% from FY 2022). Net income: ₹426.8m (up 3.2% from FY 2022). Profit margin: 11% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • May 14
Arihant Superstructures Limited to Report Q4, 2023 Results on May 22, 2023 Arihant Superstructures Limited announced that they will report Q4, 2023 results on May 22, 2023 Reported Earnings • Feb 06
Third quarter 2023 earnings released: EPS: ₹3.54 (vs ₹2.95 in 3Q 2022) Third quarter 2023 results: EPS: ₹3.54 (up from ₹2.95 in 3Q 2022). Revenue: ₹1.15b (up 30% from 3Q 2022). Net income: ₹145.7m (up 20% from 3Q 2022). Profit margin: 13% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹2.21 (vs ₹2.92 in 2Q 2022) Second quarter 2023 results: EPS: ₹2.21 (down from ₹2.92 in 2Q 2022). Revenue: ₹1.21b (up 38% from 2Q 2022). Net income: ₹91.0m (down 24% from 2Q 2022). Profit margin: 7.5% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 13
Arihant Superstructures Limited Appoints CS Darshni Lakhani as Company Secretary and Compliance Officer Arihant Superstructures Limited appointed CS Darshni Lakhani as a Company Secretary and Compliance Officer of the Company with effect from 12th November 2022. CS Darshni H. Lakhani is an Associate Member of ICSI, having 4 years post qualification experience in the areas of Corporate Laws, Corporate Governance, SEBI related matters and RERA compliances. Her last working with various public and private limited Companies, where independently responsible for Corporate Laws and Corporate Governance matters since 2015 She is a graduate from Mumbai University. Announcement • Sep 22
Arihant Superstructures Limited Announces the Resignation of Deepak Lohia as Chief Financial Officer Arihant Superstructures Limited announced the resignation of Deepak Lohia as Chief Financial Officer. My Journey with ARfHANT over the last 3 years has been a rewarding experience wherein Deepak has had the opportuning to contribute towards the growth Journey of ASL.I truly believe that ASL will under leadership, continuous to reach higher milestone and success. Deepak has handover and explain all the details about the company and also explained to CA Mr. Shailesh Jha who is very competent and having vast experience of 16 years in the field of Accounts & Corporate finance. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 17% share price gain to ₹220, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 26x in the Real Estate industry in India. Total returns to shareholders of 641% over the past three years. Announcement • Aug 17
Arihant Superstructures Limited Announces Resignation of Divya Sameer Momaya as Independent Woman Director Arihant Superstructures Limited informed that Mrs. Divya Sameer Momaya (DIN: 00365757) has tendered the resignation as Independent Woman Director of the Company with effect from 10 August, 2022. Reason for change viz., resignation. Due to increase in commitments. Ms. Divya Sameer Momaya is holding Directorship and Membership of Board Committees, if any: GTPL Hathway Limited and having Membership in Audit Committee, Corporate Social Responsibility Committee, Nomination & Remuneration Committee and Stakeholders Relationship Committee. Motilal Oswal Financial Services Limited and Audit Committee, Nomination & Remuneration Committee. Reported Earnings • Jul 25
First quarter 2023 earnings released: EPS: ₹2.12 (vs ₹1.90 in 1Q 2022) First quarter 2023 results: EPS: ₹2.12 (up from ₹1.90 in 1Q 2022). Revenue: ₹896.1m (up 6.3% from 1Q 2022). Net income: ₹87.4m (up 12% from 1Q 2022). Profit margin: 9.8% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Announcement • Jul 24
Arihant Superstructures Limited, Annual General Meeting, Sep 20, 2022 Arihant Superstructures Limited, Annual General Meeting, Sep 20, 2022. Announcement • Jul 16
Arihant Superstructures Limited to Report Q1, 2023 Results on Jul 23, 2022 Arihant Superstructures Limited announced that they will report Q1, 2023 results on Jul 23, 2022 Announcement • Jul 07
Arihant Superstructures Limited Announces Resignation of Govind Rao, Company Secretary & Compliance Officer Arihant Superstructures Limited announced that Mr. Govind Rao, Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation on 5th July, 2022 due to personal reasons effective immediately. The said resignation will be placed at the upcoming Board Meeting for its consideration and formal acceptance in accordance with the regulations and the policies thereon. Recent Insider Transactions • Jun 21
Insider recently bought ₹8.6m worth of stock On the 17th of June, Parth Chhajer bought around 74k shares on-market at roughly ₹116 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹19m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹110, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 26x in the Real Estate industry in India. Total returns to shareholders of 96% over the past three years. Reported Earnings • May 08
Full year 2022 earnings released: EPS: ₹10.02 (vs ₹2.71 in FY 2021) Full year 2022 results: EPS: ₹10.02 (up from ₹2.71 in FY 2021). Revenue: ₹3.33b (up 23% from FY 2021). Net income: ₹412.2m (up 269% from FY 2021). Profit margin: 12% (up from 4.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹156, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 165% over the past three years. Recent Insider Transactions • Apr 02
Executive Chairman & MD recently bought ₹5.0m worth of stock On the 28th of March, Ashokkumar Chhajer bought around 40k shares on-market at roughly ₹125 per share. This was the largest purchase by an insider in the last 3 months. This was Ashokkumar's only on-market trade for the last 12 months. Announcement • Mar 10
Arihant Superstructures Limited Announces Resignation of Deepak Lohia as Chief Financial Officer Arihant Superstructures Limited that Mr. Deepak Lohia has tendered his resignation from the post of Chief Financial Officer of the Company on March 7, 2022. The resignation of the CFO shall be effective from March 19, 2022 from the closure of the business hours. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₹127, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 106% over the past three years. Reported Earnings • Jan 25
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: ₹2.95 (up from ₹0.47 in 3Q 2021). Revenue: ₹886.7m (up 21% from 3Q 2021). Net income: ₹121.4m (up ₹101.9m from 3Q 2021). Profit margin: 14% (up from 2.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 26%. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 21
Second quarter 2022 earnings released: EPS ₹2.92 (vs ₹0.55 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹881.5m (up 39% from 2Q 2021). Net income: ₹120.2m (up 434% from 2Q 2021). Profit margin: 14% (up from 3.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₹172, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 33x in the Real Estate industry in India. Total returns to shareholders of 214% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 18% share price gain to ₹147, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 125% over the past three years. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 15% share price gain to ₹106, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 56% over the past three years. Reported Earnings • Jul 22
First quarter 2022 earnings released: EPS ₹1.90 (vs ₹1.50 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹842.7m (up ₹757.7m from 1Q 2021). Net income: ₹78.2m (up ₹140.1m from 1Q 2021). Profit margin: 9.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Jun 21
Full year 2021 earnings released: EPS ₹2.71 (vs ₹1.37 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.72b (up 17% from FY 2020). Net income: ₹111.7m (up 99% from FY 2020). Profit margin: 4.1% (up from 2.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. 
