BSE: 0 | NSE: ARIHANTACA | Educational Institutions | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Arihant Academy Ltd is a average quality company.
The key valuation ratios of Arihant Academy Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Arihant Academy Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 27.1% | 51.9% | 56.9% | 18.2% | 9% | - |
| Value Creation Index ⓘ | 0.9 | 2.7 | 3.1 | 0.3 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 19.2 | 14.1 | 15.2 | 23.1 | 30.3 | 30 |
| Sales YoY Gr. | - | -26.7% | 8% | 52% | 31.1% | - |
| Adj EPS ⓘ | 1 | 2.6 | 4.5 | 3.4 | 2.6 | 2.6 |
| YoY Gr. | - | 168.4% | 78% | -25.8% | -24% | - |
| BVPS (₹) ⓘ | 4 | 6.6 | 11.2 | 32.5 | 35 | 38.9 |
| Adj Net Profit ⓘ | 0.4 | 1.1 | 2 | 2 | 1.6 | 2 |
| Cash Flow from Ops. ⓘ | -0.1 | 1.8 | 2.1 | 0 | 8.3 | - |
| Debt/CF from Ops. ⓘ | -10.1 | 0.3 | 0.6 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 29.1% | 31.1% | ||||
| Adj EPS ⓘ | NA | NA | 0.1% | -24% | ||||
| BVPSⓘ | NA | NA | 74.5% | 7.9% | ||||
| Share Price | - | - | - | 84.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 23.5 | 47.9 | 51.2 | 16.6 | 7.6 | 6.9 |
| Op. Profit Mgn % ⓘ | 7.1 | 15.2 | 20.7 | 12.4 | 6.5 | 14.6 |
| Net Profit Mgn % ⓘ | 2.2 | 8 | 13.2 | 8.8 | 5.1 | 5.1 |
| Debt to Equity ⓘ | 0.5 | 0.2 | 0.3 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 117 | 98 | 121 | 116 | 58 |
| Cash Conv. Cycle ⓘ | 0 | 20 | -3 | -4 | -11 | 19 |
Sales growth is growing at healthy rate in last 3 years 29.13%
Return on Equity has declined versus last 3 years average to 6.90%
Net Profit has been subdued in last 3 years 0.13%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.6 | 3.3 |
| TTM Sales (₹ Cr.) | 30.3 | 15.2 |
| BVPS (₹.) ⓘ | 38.9 | 10 |
| Reserves (₹ Cr.) ⓘ | 17 | - |
| P/BV ⓘ | 5.41 | 21.00 |
| PE ⓘ | 82.14 | 62.99 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 127 |
| Equity (₹ Cr.) | 6.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 56.9 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 19 | 14 | 15 | 23 | 30 |
| Operating Expenses ⓘ | 18 | 12 | 12 | 20 | 28 |
| Manufacturing Costs | 1 | 0 | 0 | 1 | 1 |
| Material Costs | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 5 | 3 | 3 | 4 | 6 |
| Other Costs ⓘ | 13 | 9 | 9 | 15 | 21 |
| Operating Profit ⓘ | 1 | 2 | 3 | 3 | 2 |
| Operating Profit Margin (%) | 7.1% | 15.2% | 20.7% | 12.4% | 6.5% |
| Other Income ⓘ | 0 | 0 | 0 | 1 | 1 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -1 | 0 |
| Profit Before Tax ⓘ | 1 | 2 | 3 | 2 | 2 |
| Tax ⓘ | 0 | 0 | 1 | 1 | 0 |
| Profit After Tax | 0 | 1 | 2 | 1 | 2 |
| PAT Margin (%) | 2.2% | 8.0% | 13.2% | 6.4% | 5.1% |
| Adjusted EPS (₹) | 1.0 | 2.6 | 4.5 | 2.5 | 2.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 39% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2 | 3 | 5 | 20 | 21 | |||||
| Share Capital ⓘ | 0 | 0 | 0 | 6 | 6 | |||||
| Reserves ⓘ | 2 | 3 | 5 | 14 | 15 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 1 | 0 | 1 | 0 | 0 | |||||
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | |||||
| Short Term Debt | 0 | 0 | 1 | 0 | 0 | |||||
| Trade Payables | 0 | 0 | 0 | 0 | 1 | |||||
| Others Liabilities ⓘ | 5 | 5 | 4 | 8 | 13 | |||||
| Total Liabilities ⓘ | 8 | 8 | 11 | 28 | 35 | |||||
Fixed Assets | ||||||||||
| Gross Block | 8 | 8 | 8 | 10 | 14 | |||||
| Accumulated Depreciation | 5 | 5 | 6 | 7 | 9 | |||||
| Net Fixed Assetsⓘ | 3 | 3 | 3 | 2 | 5 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 1 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Receivables | 2 | 1 | 0 | 0 | 0 | |||||
Cash Equivalents  ⓘ
| 0 | 1 | 3 | 15 | 20 | |||||
| Others Assetsⓘ | 3 | 4 | 5 | 10 | 9 | |||||
| Total Assets ⓘ | 8 | 8 | 11 | 28 | 35 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 2 | 2 | 0 | 8 |
| PBT ⓘ | 1 | 2 | 3 | 2 | 2 |
| Adjustment ⓘ | 1 | 1 | 1 | 1 | 0 |
| Changes in Working Capital ⓘ | -1 | 0 | -0 | -2 | 8 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | 0 | 0 | -4 |
| Capex | -1 | 0 | 0 | -1 | -5 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -1 | 0 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | -1 | 0 | 1 | 12 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 15 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1 | 0 | 1 | -2 | 0 |
| Net Cash Flow ⓘ | -2 | 0 | 3 | 12 | 5 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 23.54 | 47.89 | 51.21 | 12.11 | 7.58 | |||||
| ROCE (%) | 27.12 | 51.89 | 56.9 | 18.17 | 8.97 | |||||
| Asset Turnover Ratio | 2.42 | 1.76 | 1.9 | 1.2 | 0.97 | |||||
| PAT to CFO Conversion(x) | N/A | 2 | 1 | 0 | 4 | Working Capital Days | ||||
| Receivable Days | 31 | 30 | 0 | 7 | 3 | |||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | |||||
| Payable Days | 0 | 0 | 0 | 0 | 0 | |||||
The company was originally incorporated under the name “India Tutorials Private Limited” under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies, Mumbai, Maharashtra on October 30, 2007. Subsequently, the name of the company was changed to “Arihant Academy Private Limited” via Shareholders’ Resolution dated September 18, 2012 pursuant to which fresh Certificate of Incorporation dated October 31, 2012 was issued by Registrar of Companies, Mumbai, Maharashtra. Consequently, the status of the Company was changed to public limited and the name of the Company was changed to “Arihant Academy Limited” vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on September 09, 2022. The fresh certificate of incorporation consequent to conversion was issued on September 19, 2022 by the Registrar of Companies, Mumbai, Maharashtra.
Arihant Academy is engaged in providing coaching services and parallel educational support vertical in the western suburbs of Mumbai, Maharashtra for Class 8, 9 and 10 for both State Board and ICSE Board; Class 11 and 12 for commerce and science section; tutoring students in science field for entrance exams such as JEE (Main), JEE (Advanced) and MHT- CET (State level), NEET (National Level), MHT- CET (State Level, Maharashtra) and preparing students for professional exams such as CS and CA for entry level and second level exam, in the commerce section. It offers hybrid model of teaching services through classroom-based coaching under traditional Chalk & Talk concept and digital and distance learning, which supplement its classroom courses and allow students to engage in self-paced learning. The company operates under the brand name “Arihant Academy”.
Business area of the company
The company is engaged in providing coaching services and parallel educational support verticals.
Key Events
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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