Share price
₹218.23 latest close · −15.7% over the last 90 sessions
₹218.23 month-end · −37.0% over 12 months
₹218.23 month-end · −16.2% over 3 years
₹218.23 month-end · +329.6% since Jan '19
52-week range ₹188.80 to ₹425.80 · 1-year volatility 41.9%
Was the rally earned?
Mostly earnings.
- Per-share earnings took off 46 points, while the multiple moved less (P/E 21.0x to 23.7x).
- The share count rose 4%.
Mostly earnings.
- Per-share earnings took off 11 points, while the multiple moved less (P/E 25.1x to 23.7x).
- The share count rose 5%.
Mostly yes, with a catch.
- Per-share earnings added 138 points, but investors now pay less per rupee of profit (P/E 63.6x to 23.7x), which took 111 points back.
- The share count fell 27%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-74.6% (2019-03 peak to 2020-05 low, recovered 2021-05)
-64.5% (2025-01 peak to 2026-03 low, not yet recovered)
-46.6% (2021-12 peak to 2022-06 low, recovered 2022-08)
Most recent volume spikes
2026-08-26: 26.9x the 50-day median, price +3.8% that day
Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).
Is it expensive against its own past and its peers?
Usual range 11.7x to 47.7x since 2019-01.
31% above the Finance median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Finance peers?
Each cell is the company's percentile rank among its Finance peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE59th▲ 6 pts vs a year ago
- Op. margin38th▼ 12 pts vs a year ago
- Revenue growth37th▼ 25 pts vs a year ago
- EPS growth19th▼ 61 pts vs a year ago
- Debt/equity ↓8thflat vs a year ago
- Cash cycle ↓7th▼ 24 pts vs a year ago
- P/E ↓45th▼ 13 pts vs a year ago
- 12M momentum12th▼ 56 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Finance sector page Watch it move against Finance in the Observatory
What is the price implying?
At a P/E of 18.6x, the price would imply about 14.1%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Below the ₹1,000 cr market-cap floor used for the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Finance The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹218.23
- P/E
- 23.7x
- ROCE
- 11.0%
- Market Cap
- ₹946 cr
- Revenue (TTM)
- ₹561 cr
- P/S
- 1.7x
- P/B
- 2.6x
- ROE
- 11.0%
- Operating Margin
- 20.9%
- Debt / Equity
- 2.4x
- Promoter Holding
- 71.1%
- 12M Momentum
- -37.0%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance10%Within range
Other income as a share of pre-tax profit (trailing twelve months): 9.9%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate24%Within range
Median quarterly effective tax rate over about 2.5 years: 23.8%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion-2.21xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -2.21x (cash from operations ₹-375 cr, net profit ₹170 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow1 of 5 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history-13 daysWithin range
Debtor days are below the median of the previous three fiscal years by 13 days (67 vs 80). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress20% of fixed assetsWithin range
Capital work-in-progress is 20% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, promoters trimmed 3.6 pts.
- The number of shareholders rose from 6,645 to 7,103 (+7%) between Dec 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like ARIHANT SUPERSTRUCTURES LIMITE today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −17% to +73% vs the market, against 0% for all non-financial companies in the same months.
- The gap against the base rate (+3.4%, 80% range −1.6% to +21.7%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 8 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 34 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| STEELXIND Non-Energy Minerals |
May 2025 | 31x | — | −34% | −44% | +50% |
| ATL Transportation |
Jul 2025 | 27x | 12% | −42% | −43% | −23% |
| GOACARBON Process Industries |
Oct 2025 | 44x | 9% | −38% | −45% | −5% |
| DYNAMATECH Producer Manufacturing |
Aug 2020 | 14x | 9% | −26% | −38% | +73% |
| BIRLAMONEY Finance |
Oct 2021 | 36x | — | +43% | −30% | −2% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, ROCE and P/E. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Nov '23
- SepPeer rankSlipped to the bottom quartile of Finance on EPS growth (from the 3rd quartile).
- AugPriceVolume reached 26.9x its 50-day median on 2026-08-26; price +3.8% that day.
- JunResultsRevenue (TTM) reached a new high of ₹550 cr.
- JunDividendDividend payout cut from 11% to 2% of profit.
- MayPriceVolume reached 361.0x its 50-day median on 2026-05-18; price -3.8% that day.
- MarResultsYear-on-year EPS growth turned negative.
- MarPriceFell 64% from the Jan 2025 peak to the Mar 2026 low.
- MarPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the top quartile).
Show 22 earlier events
- FebPriceVolume reached 14.4x its 50-day median on 2026-02-25; price +3.2% that day.
- DecPeer rankSlipped to the 3rd quartile of Finance on operating margin (from the 2nd quartile).
- OctPriceVolume reached 57.6x its 50-day median on 2025-10-07; price +8.1% that day.
- SepPromoterPromoter holding fell 3.6 pts to 71.1%.
- SepResultsYear-on-year EPS growth turned positive.
- SepPeer rankMoved into the 2nd quartile of Finance on operating margin (from the 3rd quartile).
- JulPriceVolume reached 25.3x its 50-day median on 2025-07-14; price +0.4% that day.
- JunResultsYear-on-year EPS growth turned negative.
- JunPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
- JunPriceVolume reached 12.6x its 50-day median on 2025-06-30; price +5.2% that day.
- MarPeer rankMoved into the 2nd quartile of Finance on EPS growth (from the 3rd quartile).
- FebPriceVolume reached 5.3x its 50-day median on 2025-02-03; price +0.7% that day.
- DecPriceVolume reached 9.1x its 50-day median on 2024-12-09; price +4.1% that day.
- SepPriceRegained the 2024-01 peak, 6 months after the low.
- SepPeer rankSlipped to the 3rd quartile of Finance on EPS growth (from the 2nd quartile).
- SepPriceVolume reached 9.5x its 50-day median on 2024-09-27; price +3.3% that day.
- JunResultsRevenue (TTM) reached a new high of ₹504 cr.
- MayPriceVolume reached 5.1x its 50-day median on 2024-05-03; price +0.4% that day.
- MarPriceFell 30% from the Jan 2024 peak to the Mar 2024 low.
- JanPriceVolume reached 7.7x its 50-day median on 2024-01-02; price +13.0% that day.
- NovPriceRegained the 2022-09 peak, 1 month after the low.
- NovPriceVolume reached 9.7x its 50-day median on 2023-11-08; price +11.7% that day.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 23.7x | ₹561 cr | 11.0% | 11.0% | 2.4x |
| 2026-10 | 22.4x | ₹561 cr | 11.0% | 11.0% | 2.4x |
| 2026-09 | 24.2x | ₹561 cr | 11.0% | 11.0% | 2.4x |
| 2026-08 | 23.7x | ₹550 cr | 12.7% | 11.0% | 2.4x |
| 2026-07 | 24.6x | ₹550 cr | 12.7% | 11.0% | 2.4x |
| 2026-06 | 24.0x | ₹550 cr | 12.7% | 11.0% | 2.4x |
| 2026-05 | 24.5x | ₹522 cr | 14.7% | 11.0% | 2.4x |
| 2026-04 | 26.0x | ₹522 cr | 14.7% | 11.0% | 2.4x |
| 2026-03 | 18.1x | ₹522 cr | 14.7% | 11.0% | 2.4x |
| 2026-02 | 17.8x | ₹547 cr | 20.3% | 11.0% | 2.4x |
| 2026-01 | 18.2x | ₹547 cr | 20.3% | 11.0% | 2.4x |
| 2025-12 | 22.6x | ₹547 cr | 20.3% | 11.0% | 2.4x |
| 2025-11 | 21.0x | ₹536 cr | 22.2% | 11.0% | 2.4x |
| 2025-10 | 25.2x | ₹536 cr | 22.2% | 11.0% | 2.4x |
| 2025-09 | 24.0x | ₹536 cr | 22.2% | 11.0% | 2.4x |
| 2025-08 | 30.5x | ₹499 cr | 17.7% | 11.0% | 2.4x |
| 2025-07 | 31.7x | ₹499 cr | 17.7% | 11.0% | 2.4x |
| 2025-06 | 30.2x | ₹499 cr | 17.7% | 11.0% | 2.4x |
| 2025-05 | 24.8x | ₹502 cr | 22.8% | 16.0% | 1.8x |
| 2025-04 | 25.5x | ₹502 cr | 22.8% | 16.0% | 1.8x |
| 2025-03 | 27.9x | ₹502 cr | 22.8% | 16.0% | 1.8x |
| 2025-02 | 31.8x | ₹470 cr | 19.1% | 16.0% | 1.8x |
| 2025-01 | 41.2x | ₹470 cr | 19.1% | 16.0% | 1.8x |
| 2024-12 | 37.8x | ₹470 cr | 19.1% | 16.0% | 1.8x |
| 2024-11 | 30.0x | ₹467 cr | 19.1% | 16.0% | 1.8x |
| 2024-10 | 28.0x | ₹467 cr | 19.1% | 16.0% | 1.8x |
| 2024-09 | 33.9x | ₹467 cr | 19.1% | 16.0% | 1.8x |
| 2024-08 | 20.0x | ₹504 cr | 24.9% | 16.0% | 1.8x |
| 2024-07 | 19.9x | ₹504 cr | 24.9% | 16.0% | 1.8x |
| 2024-06 | 21.0x | ₹504 cr | 24.9% | 16.0% | 1.8x |
| 2024-05 | 30.0x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2024-04 | 35.7x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2024-03 | 31.7x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2024-02 | 33.2x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2024-01 | 37.1x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2023-12 | 26.1x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2023-11 | 25.1x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2023-10 | 16.7x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2023-09 | 17.8x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2023-08 | 16.7x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2023-07 | 16.7x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2023-06 | 16.7x | ₹389 cr | 20.5% | 14.0% | 1.6x |
| 2023-05 | 18.2x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2023-04 | 20.6x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2023-03 | 19.7x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2023-02 | 20.2x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2023-01 | 21.8x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2022-12 | 22.3x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2022-11 | 22.9x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2022-10 | 22.2x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2022-09 | 22.5x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2022-08 | 21.8x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2022-07 | 15.9x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2022-06 | 13.2x | ₹331 cr | 23.0% | 14.0% | 1.7x |
| 2022-05 | 51.0x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2022-04 | 59.2x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2022-03 | 48.4x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2022-02 | 61.1x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2022-01 | 65.7x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2021-12 | 63.3x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2021-11 | 63.6x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2021-10 | 64.6x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2021-09 | 54.9x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2021-08 | 40.7x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2021-07 | 35.7x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2021-06 | 34.3x | ₹270 cr | 11.5% | 10.0% | 2.1x |
| 2021-05 | 58.5x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2021-04 | 46.5x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2021-03 | 26.7x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2021-02 | 29.3x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2021-01 | 27.8x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2020-12 | 23.5x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2020-11 | 18.6x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2020-10 | 15.0x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2020-09 | 14.8x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2020-08 | 19.2x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2020-07 | 15.7x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2020-06 | 20.7x | ₹233 cr | 8.7% | 9.0% | 3.0x |
| 2020-05 | 5.4x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2020-04 | 5.7x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2020-03 | 6.7x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2020-02 | 7.8x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2020-01 | 9.9x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2019-12 | 8.3x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2019-11 | 7.6x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2019-10 | 7.9x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2019-09 | 12.6x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2019-08 | 10.1x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2019-07 | 11.1x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2019-06 | 17.4x | ₹239 cr | 14.9% | 12.0% | 3.1x |
| 2019-05 | 20.4x | ₹188 cr | 12.8% | 10.0% | 2.4x |
| 2019-04 | 18.6x | ₹188 cr | 12.8% | 10.0% | 2.4x |
| 2019-03 | 17.1x | ₹188 cr | 12.8% | 10.0% | 2.4x |
| 2019-02 | 16.2x | ₹188 cr | 12.8% | 10.0% | 2.4x |
| 2019-01 | 16.7x | ₹188 cr | 12.8% | 10.0% | 2.4x |