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Arihant Capital Markets Limited (511605) Report Analysis

Corporate Events

Positive

Ajay Kasliwal, Babita Kasliwal, Aman Kasliwal, ...

2022-10-21 00:00:00

Ajay Kasliwal, Babita Kasliwal, Aman Kasliwal, ltika Jain, Pragati jain, Ravi Jain and Aanchal Anuj Bakliwal entered into an agreement to acqu...

Neutral

Arihant Capital Markets Limited to Report Q2, 2...

2022-10-11 11:30:00

Arihant Capital Markets Limited announced that they will report Q2, 2023 results on Oct 21, 2022

Neutral

Arihant Capital Markets Limited, Board Meeting,...

2022-10-11 11:30:00

Arihant Capital Markets Limited, Board Meeting, Oct 21, 2022, at 16:00 Indian Standard Time. Agenda: To consider unaudited standalone and cons...

Negative

Arihant Capital Markets Limited Appoints Swanub...

2022-07-23 12:14:00

Arihant Capital Markets Limited approved the appointment of Ms. Swanubhutt Jain as an Independent Director of the company, at the AGM held on ...

Positive

Arihant Capital Markets Limited Approves the Fi...

2022-07-23 11:23:00

Arihant Capital Markets Limited approved the final dividend of INR 0.15 (15%) per Equity Share of face value on INR 1.00 (After split from INR...

Neutral

Arihant Capital Markets Limited to Report Q1, 2...

2022-07-12 10:40:00

Arihant Capital Markets Limited announced that they will report Q1, 2023 results on Jul 22, 2022

Neutral

Arihant Capital Markets Limited, Board Meeting,...

2022-07-12 10:40:00

Arihant Capital Markets Limited, Board Meeting, Jul 22, 2022. Agenda: To consider unaudited standalone and consolidated financial results of t...

Neutral

Arihant Capital Markets Limited - Shareholder/A...

2022-07-01 06:13:00

Annual General Meeting

Neutral

Arihant Capital Markets Limited, Annual General...

2022-07-01 06:13:00

Arihant Capital Markets Limited, Annual General Meeting, Jul 23, 2022, at 12:30 Indian Standard Time. Agenda: To consider the Audited Standalo...

Neutral

Arihant Capital Markets Limited, Arihant Rising...

2022-06-20 09:41:00

Arihant Capital Markets Limited, Arihant Rising Stars Summit 2022, Jun 28, 2022.

Positive

Arihant Capital Markets Limited announced that ...

2022-06-20 00:00:00

Arihant Capital Markets Limited announced a private placement of 100,000 common shares at an issue price of INR 81 per share for gross proceed...

Negative

Arihant Capital Markets Limited Recommends Fina...

2022-04-25 08:39:00

Arihant Capital Markets Limited announced that the Board of Directors of the Company in their meeting held on 25 April, has recommended a fina...

Positive

Arihant Capital Markets Limited, 0.15 (INR), Ca...

2022-04-25 00:00:00

Arihant Capital Markets Limited, 0.15 (INR), Cash Dividend, Jul-14-2022

Positive

Arihant Capital Markets Limited Announces Openi...

2022-04-22 05:59:00

Arihant Capital Markets Limited announced opening of first overseas office in Dubai. This move is in line with the company's strategic objecti...

Neutral

Arihant Capital Markets Limited to Report Fisca...

2022-04-16 08:58:00

Arihant Capital Markets Limited announced that they will report fiscal year 2022 results on Apr 25, 2022

Neutral

Arihant Capital Markets Limited, Board Meeting,...

2022-04-16 08:58:00

Arihant Capital Markets Limited, Board Meeting, Apr 25, 2022, at 11:30 Indian Standard Time. Agenda: To consider and approve Audited Standalon...

Positive

Arihant Capital Markets Limited, 5 : 1, Stock S...

2022-02-24 00:00:00

Arihant Capital Markets Limited, 5 : 1, Stock Split or Significant Stock Dividend, Apr-12-2022

Neutral

Arihant Capital Markets Limited, Board Meeting,...

2022-01-31 05:21:00

Arihant Capital Markets Limited, Board Meeting, Jan 31, 2022. Agenda: To consider and approve the Unaudited Standalone and Consolidated Financ...

Neutral

Arihant Capital Markets Limited to Report Q3, 2...

2022-01-20 12:12:00

Arihant Capital Markets Limited announced that they will report Q3, 2022 results on Jan 31, 2022

Positive

Ajay Kasliwal, Babita Kasliwal, Aman Kasliwal, ltika Jain, Pragati jain, Ravi Jain and Aanchal Anuj Bakliwal entered into an agreement to acquire Ahinsa Lifespace Infraheight Limited from Arihant Capital Markets Limited (BSE:511605) for INR 22.1 million.

2022-10-21 00:00:00

Ajay Kasliwal, Babita Kasliwal, Aman Kasliwal, ltika Jain, Pragati jain, Ravi Jain and Aanchal Anuj Bakliwal entered into an agreement to acquire Ahinsa Lifespace Infraheight Limited from Arihant Capital Markets Limited (BSE:511605) for INR 22.1 million on September 30, 2022. Ahinsa Lifespace Infraheight has net worth of INR 18.56 million in FY 2022. Board of Directors of Arihant Capital approved the sale of Ahinsa Lifespace Infraheight. The transaction is expected to close October 31, 2022.

Neutral

Arihant Capital Markets Limited to Report Q2, 2023 Results on Oct 21, 2022

2022-10-11 11:30:00

Arihant Capital Markets Limited announced that they will report Q2, 2023 results on Oct 21, 2022

Neutral

Arihant Capital Markets Limited, Board Meeting, Oct 21, 2022

2022-10-11 11:30:00

Arihant Capital Markets Limited, Board Meeting, Oct 21, 2022, at 16:00 Indian Standard Time. Agenda: To consider unaudited standalone and consolidated financial results of the company for the quarter / half year ended on 30 September 2022; to consider sale or transfer the whole of undertaking of wholly owned subsidiary company Ahinsa Lifespace Infraheight Limited as per Section 180(l)(a) of the Companies Act, 2013 with reference to the previous approval through postal ballot on 25 September 2018; and to consider any other matter with the permission of Chairman, if any.

Negative

Arihant Capital Markets Limited Appoints Swanubhutt Jain as an Independent Director

2022-07-23 12:14:00

Arihant Capital Markets Limited approved the appointment of Ms. Swanubhutt Jain as an Independent Director of the company, at the AGM held on July 23, 2022.

Positive

Arihant Capital Markets Limited Approves the Final Dividend for the Financial Year Ended March 31, 2022

2022-07-23 11:23:00

Arihant Capital Markets Limited approved the final dividend of INR 0.15 (15%) per Equity Share of face value on INR 1.00 (After split from INR 5 to INR 1 each fully paid-up for the financial year ended 31st March, 2022.

Neutral

Arihant Capital Markets Limited to Report Q1, 2023 Results on Jul 22, 2022

2022-07-12 10:40:00

Arihant Capital Markets Limited announced that they will report Q1, 2023 results on Jul 22, 2022

Neutral

Arihant Capital Markets Limited, Board Meeting, Jul 22, 2022

2022-07-12 10:40:00

Arihant Capital Markets Limited, Board Meeting, Jul 22, 2022. Agenda: To consider unaudited standalone and consolidated financial results of the Company for the quarter ended on 30th June, 2022; and to consider any other matter with the permission of Chairman, if any.

Neutral

Arihant Capital Markets Limited - Shareholder/Analyst Call

2022-07-01 06:13:00

Annual General Meeting

Neutral

Arihant Capital Markets Limited, Annual General Meeting, Jul 23, 2022

2022-07-01 06:13:00

Arihant Capital Markets Limited, Annual General Meeting, Jul 23, 2022, at 12:30 Indian Standard Time. Agenda: To consider the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and Auditors thereon; to consider the confirmation of payment of the Interim Dividend and consideration of Final Dividend for the financial year ended March 31, 2022; to appoint directors; and to re-appoint M/s. Dinesh Ajmera & Associates, Chartered Accountants as statutory auditors of the Company and to fix their remuneration.

Neutral

Arihant Capital Markets Limited, Arihant Rising Stars Summit 2022, Jun 28, 2022

2022-06-20 09:41:00

Arihant Capital Markets Limited, Arihant Rising Stars Summit 2022, Jun 28, 2022.

Positive

Arihant Capital Markets Limited announced that it has received INR 8.1 million in funding from Nomura Holdings Inc, Securities & Investment Arm

2022-06-20 00:00:00

Arihant Capital Markets Limited announced a private placement of 100,000 common shares at an issue price of INR 81 per share for gross proceeds of INR 8,100,000 on June 20, 2022. The transaction included participation from Nomura Holdings Inc, Securities & Investment Arm.

Negative

Arihant Capital Markets Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022

2022-04-25 08:39:00

Arihant Capital Markets Limited announced that the Board of Directors of the Company in their meeting held on 25 April, has recommended a final dividend of INR 0.15 (15 %) per equity share for the financial year ended March 31, 2022.

Positive

Arihant Capital Markets Limited, 0.15 (INR), Cash Dividend, Jul-14-2022

2022-04-25 00:00:00

Arihant Capital Markets Limited, 0.15 (INR), Cash Dividend, Jul-14-2022

Positive

Arihant Capital Markets Limited Announces Opening of First Overseas Office in Dubai

2022-04-22 05:59:00

Arihant Capital Markets Limited announced opening of first overseas office in Dubai. This move is in line with the company's strategic objectives to expand its global footprint and bolster its UAE client base. The inauguration date will be announced post the necessary approvals and licenses. Through its Dubai office, the company plans to tap the Middle East based NRIs and offer them online stock investments and trading, mutual fund investment and advisory, insurance planning, investment in bonds and fixed income securities and wealth management services.

Neutral

Arihant Capital Markets Limited to Report Fiscal Year 2022 Results on Apr 25, 2022

2022-04-16 08:58:00

Arihant Capital Markets Limited announced that they will report fiscal year 2022 results on Apr 25, 2022

Neutral

Arihant Capital Markets Limited, Board Meeting, Apr 25, 2022

2022-04-16 08:58:00

Arihant Capital Markets Limited, Board Meeting, Apr 25, 2022, at 11:30 Indian Standard Time. Agenda: To consider and approve Audited Standalone and Consolidated Financial Results of the Company for the year ending March 31, 2022; to consider and recommend Final dividend, if any, on the equity shares of the Company for the financial year ending March 31, 2022; and to consider any other matters.

Positive

Arihant Capital Markets Limited, 5 : 1, Stock Split or Significant Stock Dividend, Apr-12-2022

2022-02-24 00:00:00

Arihant Capital Markets Limited, 5 : 1, Stock Split or Significant Stock Dividend, Apr-12-2022

Neutral

Arihant Capital Markets Limited, Board Meeting, Jan 31, 2022

2022-01-31 05:21:00

Arihant Capital Markets Limited, Board Meeting, Jan 31, 2022. Agenda: To consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter/ nine months ended on 31 st December,2021;and to consider any other matter with the permission of the Chairman, if any.

Neutral

Arihant Capital Markets Limited to Report Q3, 2022 Results on Jan 31, 2022

2022-01-20 12:12:00

Arihant Capital Markets Limited announced that they will report Q3, 2022 results on Jan 31, 2022

Fundamental Summary

According to their recent financial report, which was published on 2022-07-01, Arihant Capital Markets had several impressive financial metrics that should make them more attractive than their peers going forward. Their positive growth and value factors indicate that the company is likely to continue to produce impressive results for the foreseeable future, as well. These results lead us to believe that there should be significant upside potential for the stock. Therefore, they earned a total score of 86 out of 100 and a BUY recommendation.

Arihant Capital Markets reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 399.79 million compared to INR 400.28 million a year ago. Net income was INR 125.53 million compared to INR 124.89 million a year ago. Basic earnings per share from continuing operations was INR 1.21 compared to INR 1.2 a year ago. Diluted earnings per share from continuing operations was INR 1.21 compared to INR 1.2 a year ago.For the six months, revenue was INR 748.09 million compared to INR 775.98 million a year ago. Net income was INR 200.02 million compared to INR 243.9 million a year ago. Basic earnings per share from continuing operations was INR 1.92 compared to INR 2.34 a year ago. Diluted earnings per share from continuing operations was INR 1.92 compared to INR 2.34 a year ago.

Business Description

Arihant Capital Markets, together with its subsidiaries, provides various financial products and services primarily in India. Its products include equities and derivatives broking; commodities and currency broking; mutual funds, IPOs, and NPS services; capital markets, corporate finance, strategic advisory, valuation, and specialized services; general and life insurance; depository services; loans against shares; and portfolio management and advisory services. The company also invests in asset classes and platforms. It serves retail, high net worth individuals, domestic and foreign financial institutions, and corporate clients. The company was incorporated in 1992 and is headquartered in Indore, India.

Sector Overview

Arihant Capital Markets is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Arihant Capital Markets's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 5.8B 25.4% 54
Liabilities 3.5B 25.3% 78
Price to Book 3.6 348.3% 88
Cash & Equivalents 375.3M 51.5% 57
Equity 2.3B 25.7% 66
Total Revenues 1.6B 45.8% 82
Parameter Value Change Score
Return on Equity 24.5 17.2% 80
Net Cashflow 127.5M 145.1% 67
Capital Expenditure 69.8M 1069.2% 47
Asset Turnover 0.3 11.8% 65
Free Cashflow Per Share -1.7 44.3% 67
* All values are TTM

The below chart reflects Arihant Capital Markets's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Arihant Capital Markets's peer average final assessment score stands on 68, Arihant Capital Markets's score is 86.

  •  511605
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 56 77 67
Hold
65
65 0 1
Monarch Networth Capital Limited 12.0B 52 71 68
Underperform
55
55 1 1
Dolat Algotech Limited 11.9B 82 45 76
Hold
71
71 2 1
UGRO Capital Limited 11.4B 82 70 68
Hold
78
78 3 1
Geojit Financial Services Limited 11.3B 74 83 65
Buy
79
79 4 1
PNB Gilts Ltd. 11.3B 68 82 55
Hold
68
68 5 1
BF Investment Limited 10.9B 64 64 66
Hold
63
63 6 1
Centrum Capital Limited 10.7B 85 64 88
Buy
81
81 7 1
5paisa Capital Limited 9.6B 85 58 81
Hold
76
76 8 1
Dhunseri Ventures Limited 9.1B 91 76 58
Buy
85
85 9 1
Kalyani Investment Company Limited 8.2B 75 71 85
Hold
77
77 10 1
Summit Securities Limited 6.9B 44 62 87
Underperform
51
51 11 1
Nahar Capital and Financial Services Limited 5.6B 70 54 67
Hold
63
63 12 1
Jindal Poly Investment and Finance Company Limited 5.3B 60 44 81
Underperform
55
55 13 1
The Investment Trust of India Limited 5.0B 55 84 65
Hold
66
66 14 1
Mahanivesh (India) Limited 4.5B 58 40 71
Underperform
46
46 15 1
Dhunseri Investments Limited 4.5B 46 72 76
Underperform
54
54 16 1
Kiran Vyapar Limited 4.0B 82 79 58
Buy
80
80 17 1
Swiss Military Consumer Goods Limited 3.7B 42 64 78
Underperform
50
50 18 1
Aditya Birla Money Limited 3.5B 88 81 75
Strong Buy
88
88 19 1
Jindal Photo Limited 3.5B 77 57 75
Hold
73
73 20 1
SIL Investments Limited 3.3B 64 55 81
Hold
61
61 21 1
Prime Securities Limited 3.2B 58 76 53
Underperform
58
58 22 1
Industrial & Prudential Investment Company Limited 3.2B 89 68 87
Buy
85
85 23 1
Indo Thai Securities Limited 3.2B 64 42 42
Underperform
51
51 24 1
Jaykay Enterprises Limited 3.0B 58 58 76
Hold
61
61 25 1
Systematix Corporate Services Limited 3.0B 77 93 75
Buy
86
86 26 1
Master Trust Limited 2.7B 78 64 50
Hold
70
70 27 1
STEL Holdings Limited 2.6B 80 55 45
Hold
67
67 28 1
IL&FS Investment Managers Limited 2.4B 73 57 79
Hold
69
69 29 1
ABans Enterprises Limited 2.4B 52 78 76
Hold
62
62 30 1
Quest Capital Markets Limited 2.1B 96 48 74
Hold
78
78 31 1
Almondz Global Securities Limited 2.0B 87 50 68
Hold
73
73 32 1
Industrial Investment Trust Limited 2.0B 74 62 71
Hold
70
70 33 1
Shardul Securities Limited 1.9B 59 61 81
Underperform
60
60 34 1
Emkay Global Financial Services Limited 1.8B 82 90 70
Strong Buy
88
88 35 1
Avonmore Capital & Management Services Limited 1.7B 69 79 70
Hold
73
73 36 1
Bombay Oxygen Investments Limited 1.7B 84 57 94
Hold
77
77 37 1
RSD Finance Limited 1.3B 78 49 54
Hold
65
65 38 1
Indbank Merchant Banking Services Limited 1.1B 54 73 53
Hold
62
62 39 1
LKP Finance Limited 1.1B 89 49 74
Hold
73
73 40 1
Welspun Investments and Commercials Limited 1.1B 83 60 50
Hold
72
72 41 1
LKP Securities Limited 1.1B 85 89 84
Strong Buy
92
92 42 1
Greencrest Financial Services Limited 994.2M 61 63 67
Hold
61
61 43 1
McDowell Holdings Limited 969.0M 73 57 51
Hold
63
63 44 1
DB (International) Stock Brokers Limited 899.5M 84 55 67
Hold
68
68 45 1
Shriram Asset Management Company Limited 881.7M 62 71 84
Hold
69
69 46 1
Global Capital Markets Limited 697.0M 55 50 80
Underperform
52
52 47 1
NCL Research & Financial Services Limited 556.6M 66 85 92
Strong Buy
87
87 48 1
Intellivate Capital Ventures Limited 500.4M 73 70 79
Buy
80
80 49 1
GCM Securities Limited 476.8M 48 85 76
Hold
65
65 50 1
Pioneer Investcorp Limited 466.7M 73 65 64
Hold
72
72 51 1
Wallfort Financial Services Ltd. 457.2M 71 46 63
Hold
61
61 52 1
Yamini Investments Company Limited 441.6M 46 54 59
Underperform
45
45 53 1
HB Stockholdings Limited 420.4M 75 66 67
Hold
71
71 54 1
Pro Fin Capital Services Ltd. 398.5M 81 43 63
Hold
62
62 55 1
HB Portfolio Limited 378.9M 64 47 88
Underperform
60
60 56 1
Cni Research Limited 311.1M 97 59 60
Hold
77
77 57 1
Odyssey Corporation Limited 291.9M 79 76 88
Buy
86
86 58 1
Monotype India Limited 225.0M 62 64 49
Underperform
52
52 59 1
Stampede Capital Limited 209.0M 37 69 82
Underperform
53
53 60 1
BFL Asset Finvest Limited 207.6M 70 58 66
Hold
63
63 61 1
Onelife Capital Advisors Limited 181.7M 78 67 51
Hold
65
65 62 1
AF Enterprises Limited 171.1M 72 82 63
Hold
75
75 63 1
Esaar (India) Limited 148.2M 69 62 69
Hold
71
71 64 1
Cubical Financial Services Limited 117.3M 60 57 99
Hold
71
71 65 1
Goenka Business & Finance Limited 109.2M 62 89 50
Hold
66
66 66 1
Alka Securities Limited 85.4M 91 86 61
Strong Buy
90
90 67 1
Gemstone Investments Limited 75.5M 82 96 85
Strong Buy
98
98 68 1
Confidence Finance and Trading Limited 73.9M 68 68 76
Hold
76
76 69 1
Essar Securities Limited 72.9M 79 50 88
Hold
74
74 70 1
Jackson Investments Limited 55.2M 43 72 77
Underperform
58
58 71 1
Mathew Easow Research Securities Limited 38.5M 59 55 60
Underperform
51
51 72 1
Pilani Investment and Industries Corporation Limited 21.2B 59 66 71
Underperform
59
59 73 1
VLS Finance Limited 5.2B 79 70 64
Hold
75
75 74 1
Consolidated Finvest & Holdings Limited 4.4B 69 55 59
Hold
63
63 75 1
N.B.I. Industrial Finance Company Limited 4.2B 50 80 68
Underperform
59
59 76 1
Wealth First Portfolio Managers Limited 3.1B 85 50 66
Hold
72
72 77 1
Inventure Growth & Securities Limited 2.4B 87 49 91
Hold
76
76 78 1
BLB Limited 1.1B 90 78 67
Strong Buy
87
87 79 1
Steel City Securities Limited 910.2M 66 60 68
Hold
64
64 80 1

Macro Environment

Negative
59

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Arihant Capital Markets Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In our analysis of the current macro environment, as well as the potential risks that could specifically affect Arihant Capital Markets Limited stock, we concluded that sentiment was overwhelmingly negative and may lead to short-term price declines. Therefore, we ranked Arihant Capital Markets Limited macro environment with a score of 59.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Arihant Capital Markets's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Arihant Capital Markets's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.

Bearish 47
Close Price 67.65
52W Low 27.4
52W High 95.07
5D MA 67.22
50D MA 71.9
200D MA 76.91
MACD -1.43
RSI 30.55
STOCH 40.0

Balance Sheet Analysis

Arihant Capital Markets appears likely to maintain its strong balance sheet metrics and momentum going forward. Arihant Capital Markets publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 3.6 and represents a 348.3% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. The company's book value factors component, therefore, received a grade of 88. Also, Arihant Capital Markets has done an excellent job managing its liabilities. Arihant Capital Markets's liabilities stood at 3.5B in the current filing, which represents a 25.3% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. The company's liabilities movement component, therefore, received a grade of 78. On the other hand, Assets, jumped out as looking problematic. Arihant Capital Markets assets metrics were reported as 5.8B, representing a 25.4% change from the last filing. The lack of good news about assets momentum should be a cause for concern and is often met with downward pressure on the company's stock price. Consequently, their asset movement received a grade of 54. Therefore, we scored its balance sheet a 87.

Parameter Value Change Score
Assets 5.8B 25.4% 54
Liabilities 3.5B 25.3% 78
Price to Book 3.6 348.3% 88
Cash & Equivalents 375.3M 51.5% 57
Equity 2.3B 25.7% 66
* All values are TTM

The below chart describes Arihant Capital Markets's performance as reflected on its balance sheet with respect to its peers. While Arihant Capital Markets received a balance sheet score of 87, the average of its peers stands on 72.

  •  511605
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 65.0 80.0 71.0 66.0 46.0 56 0 1
Monarch Networth Capital Limited 12.0B 66.0 69.0 48.0 63.0 47.0 52 1 1
Dolat Algotech Limited 11.9B 93.0 62.0 72.0 72.0 77.0 82 2 1
UGRO Capital Limited 11.4B 97.0 38.0 38.0 93.0 84.0 82 3 1
Geojit Financial Services Limited 11.3B 81.0 52.0 49.0 58.0 79.0 74 4 1
PNB Gilts Ltd. 11.3B 84.0 54.0 57.0 79.0 66.0 68 5 1
BF Investment Limited 10.9B 44.0 71.0 71.0 65.0 67.0 64 6 1
Centrum Capital Limited 10.7B 84.0 48.0 66.0 82.0 82.0 85 7 1
5paisa Capital Limited 9.6B 88.0 44.0 40.0 91.0 88.0 85 8 1
Dhunseri Ventures Limited 9.1B 88.0 51.0 65.0 62.0 91.0 91 9 1
Kalyani Investment Company Limited 8.2B 41.0 40.0 70.0 64.0 86.0 75 10 1
Summit Securities Limited 6.9B 81.0 40.0 59.0 47.0 42.0 44 11 1
Nahar Capital and Financial Services Limited 5.6B 76.0 65.0 83.0 40.0 71.0 70 12 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 51.0 69.0 54.0 62.0 60 13 1
The Investment Trust of India Limited 5.0B 56.0 71.0 41.0 62.0 60.0 55 14 1
Mahanivesh (India) Limited 4.5B 74.0 76.0 71.0 58.0 51.0 58 15 1
Dhunseri Investments Limited 4.5B 44.0 53.0 61.0 72.0 45.0 46 16 1
Kiran Vyapar Limited 4.0B 57.0 83.0 87.0 47.0 88.0 82 17 1
Swiss Military Consumer Goods Limited 3.7B 46.0 53.0 47.0 63.0 43.0 42 18 1
Aditya Birla Money Limited 3.5B 88.0 49.0 46.0 90.0 89.0 88 19 1
Jindal Photo Limited 3.5B 51.0 76.0 72.0 51.0 80.0 77 20 1
SIL Investments Limited 3.3B 40.0 85.0 70.0 81.0 61.0 64 21 1
Prime Securities Limited 3.2B 49.0 86.0 57.0 55.0 50.0 58 22 1
Industrial & Prudential Investment Company Limited 3.2B 77.0 58.0 66.0 81.0 87.0 89 23 1
Indo Thai Securities Limited 3.2B 58.0 80.0 47.0 72.0 68.0 64 24 1
Jaykay Enterprises Limited 3.0B 61.0 47.0 78.0 58.0 53.0 58 25 1
Systematix Corporate Services Limited 3.0B 60.0 88.0 51.0 82.0 88.0 77 26 1
Master Trust Limited 2.7B 58.0 90.0 47.0 76.0 90.0 78 27 1
STEL Holdings Limited 2.6B 53.0 91.0 49.0 74.0 94.0 80 28 1
IL&FS Investment Managers Limited 2.4B 52.0 63.0 69.0 84.0 73.0 73 29 1
ABans Enterprises Limited 2.4B 84.0 39.0 45.0 94.0 50.0 52 30 1
Quest Capital Markets Limited 2.1B 71.0 88.0 76.0 80.0 94.0 96 31 1
Almondz Global Securities Limited 2.0B 77.0 68.0 85.0 78.0 90.0 87 32 1
Industrial Investment Trust Limited 2.0B 69.0 71.0 46.0 56.0 80.0 74 33 1
Shardul Securities Limited 1.9B 50.0 68.0 72.0 62.0 60.0 59 34 1
Emkay Global Financial Services Limited 1.8B 82.0 50.0 48.0 56.0 88.0 82 35 1
Avonmore Capital & Management Services Limited 1.7B 56.0 79.0 55.0 68.0 80.0 69 36 1
Bombay Oxygen Investments Limited 1.7B 56.0 60.0 92.0 82.0 78.0 84 37 1
RSD Finance Limited 1.3B 60.0 76.0 91.0 41.0 84.0 78 38 1
Indbank Merchant Banking Services Limited 1.1B 44.0 81.0 74.0 66.0 49.0 54 39 1
LKP Finance Limited 1.1B 87.0 54.0 66.0 88.0 84.0 89 40 1
Welspun Investments and Commercials Limited 1.1B 37.0 97.0 81.0 39.0 98.0 83 41 1
LKP Securities Limited 1.1B 66.0 59.0 44.0 79.0 91.0 85 42 1
Greencrest Financial Services Limited 994.2M 55.0 81.0 79.0 65.0 51.0 61 43 1
McDowell Holdings Limited 969.0M 71.0 94.0 42.0 38.0 89.0 73 44 1
DB (International) Stock Brokers Limited 899.5M 92.0 49.0 73.0 69.0 80.0 84 45 1
Shriram Asset Management Company Limited 881.7M 51.0 58.0 70.0 61.0 65.0 62 46 1
Global Capital Markets Limited 697.0M 48.0 79.0 71.0 78.0 53.0 55 47 1
NCL Research & Financial Services Limited 556.6M 66.0 51.0 82.0 97.0 66.0 66 48 1
Intellivate Capital Ventures Limited 500.4M 64.0 64.0 93.0 90.0 72.0 73 49 1
GCM Securities Limited 476.8M 65.0 51.0 54.0 60.0 66.0 48 50 1
Pioneer Investcorp Limited 466.7M 48.0 80.0 49.0 67.0 83.0 73 51 1
Wallfort Financial Services Ltd. 457.2M 68.0 60.0 81.0 71.0 69.0 71 52 1
Yamini Investments Company Limited 441.6M 70.0 50.0 54.0 79.0 41.0 46 53 1
HB Stockholdings Limited 420.4M 80.0 63.0 92.0 59.0 65.0 75 54 1
Pro Fin Capital Services Ltd. 398.5M 66.0 79.0 75.0 41.0 89.0 81 55 1
HB Portfolio Limited 378.9M 54.0 63.0 63.0 68.0 66.0 64 56 1
Cni Research Limited 311.1M 71.0 86.0 97.0 42.0 85.0 97 57 1
Odyssey Corporation Limited 291.9M 71.0 53.0 95.0 41.0 99.0 79 58 1
Monotype India Limited 225.0M 71.0 57.0 62.0 86.0 41.0 62 59 1
Stampede Capital Limited 209.0M 40.0 45.0 62.0 95.0 37.0 37 60 1
BFL Asset Finvest Limited 207.6M 85.0 71.0 54.0 59.0 75.0 70 61 1
Onelife Capital Advisors Limited 181.7M 70.0 55.0 89.0 85.0 67.0 78 62 1
AF Enterprises Limited 171.1M 56.0 93.0 41.0 72.0 85.0 72 63 1
Esaar (India) Limited 148.2M 70.0 56.0 95.0 90.0 56.0 69 64 1
Cubical Financial Services Limited 117.3M 67.0 68.0 53.0 42.0 71.0 60 65 1
Goenka Business & Finance Limited 109.2M 79.0 70.0 47.0 61.0 52.0 62 66 1
Alka Securities Limited 85.4M 86.0 93.0 66.0 68.0 90.0 91 67 1
Gemstone Investments Limited 75.5M 72.0 59.0 93.0 95.0 62.0 82 68 1
Confidence Finance and Trading Limited 73.9M 67.0 70.0 43.0 79.0 79.0 68 69 1
Essar Securities Limited 72.9M 68.0 61.0 87.0 87.0 82.0 79 70 1
Jackson Investments Limited 55.2M 63.0 61.0 44.0 42.0 55.0 43 71 1
Mathew Easow Research Securities Limited 38.5M 73.0 54.0 52.0 74.0 44.0 59 72 1
Pilani Investment and Industries Corporation Limited 21.2B 59.0 82.0 83.0 64.0 51.0 59 73 1
VLS Finance Limited 5.2B 79.0 72.0 89.0 71.0 69.0 79 74 1
Consolidated Finvest & Holdings Limited 4.4B 76.0 69.0 75.0 79.0 61.0 69 75 1
N.B.I. Industrial Finance Company Limited 4.2B 99.0 42.0 60.0 57.0 43.0 50 76 1
Wealth First Portfolio Managers Limited 3.1B 79.0 79.0 79.0 48.0 93.0 85 77 1
Inventure Growth & Securities Limited 2.4B 62.0 69.0 94.0 72.0 93.0 87 78 1
BLB Limited 1.1B 83.0 85.0 65.0 58.0 91.0 90 79 1
Steel City Securities Limited 910.2M 67.0 68.0 71.0 66.0 65.0 66 80 1

Income Statement Analysis

Arihant Capital Markets appears likely to maintain its strong income statement metrics, especially Revenue Efficiency. Arihant Capital Markets's financials reveal an interesting trend for their revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 2.9%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. Consequently, their revenue efficiency received a grade of 82. That said, one metric, Return Factors, stood out as strongly negative. Return factors metrics and ratios were disappointing in this report. Arihant Capital Markets reported a return on equity (ROE) ratio of 24.5, representing a change of 17.2% from the last report.change of 17.2% from the previous period. This metric might have a 14.6 percent impact on companies in the same industry and with the same market capitalization. These numbers show that management has been unsuccessful in fostering appropriate growth related to return on assets and return on equity momentum relative to their peers. Therefore, their return factors component earned a score of 80. their income statement received an overall score of 80.

Parameter Value Change Score
Total Revenues 1.6B 45.8% 82
Return on Equity 24.5 17.2% 80
* All values are TTM

The below chart describes Arihant Capital Markets's performance as reflected on its income statement with respect to its peers. While Arihant Capital Markets received a income statement score of 80 , the average of its peers stands on 65.

  •  511605
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 79.0 79.0 70.0 77 0 1
Monarch Networth Capital Limited 12.0B 60.0 70.0 74.0 71 1 1
Dolat Algotech Limited 11.9B 49.0 44.0 45.0 45 2 1
UGRO Capital Limited 11.4B 95.0 77.0 50.0 70 3 1
Geojit Financial Services Limited 11.3B 81.0 78.0 84.0 83 4 1
PNB Gilts Ltd. 11.3B 92.0 81.0 77.0 82 5 1
BF Investment Limited 10.9B 54.0 65.0 65.0 64 6 1
Centrum Capital Limited 10.7B 43.0 66.0 69.0 64 7 1
5paisa Capital Limited 9.6B 90.0 59.0 50.0 58 8 1
Dhunseri Ventures Limited 9.1B 89.0 79.0 62.0 76 9 1
Kalyani Investment Company Limited 8.2B 92.0 75.0 51.0 71 10 1
Summit Securities Limited 6.9B 88.0 63.0 52.0 62 11 1
Nahar Capital and Financial Services Limited 5.6B 94.0 57.0 52.0 54 12 1
Jindal Poly Investment and Finance Company Limited 5.3B 41.0 69.0 45.0 44 13 1
The Investment Trust of India Limited 5.0B 84.0 80.0 85.0 84 14 1
Mahanivesh (India) Limited 4.5B 37.0 43.0 40.0 40 15 1
Dhunseri Investments Limited 4.5B 58.0 73.0 73.0 72 16 1
Kiran Vyapar Limited 4.0B 49.0 79.0 81.0 79 17 1
Swiss Military Consumer Goods Limited 3.7B 43.0 69.0 63.0 64 18 1
Aditya Birla Money Limited 3.5B 82.0 79.0 77.0 81 19 1
Jindal Photo Limited 3.5B 63.0 58.0 51.0 57 20 1
SIL Investments Limited 3.3B 38.0 69.0 43.0 55 21 1
Prime Securities Limited 3.2B 60.0 71.0 84.0 76 22 1
Industrial & Prudential Investment Company Limited 3.2B 47.0 77.0 61.0 68 23 1
Indo Thai Securities Limited 3.2B 96.0 53.0 39.0 42 24 1
Jaykay Enterprises Limited 3.0B 37.0 63.0 66.0 58 25 1
Systematix Corporate Services Limited 3.0B 45.0 76.0 97.0 93 26 1
Master Trust Limited 2.7B 70.0 72.0 60.0 64 27 1
STEL Holdings Limited 2.6B 91.0 61.0 51.0 55 28 1
IL&FS Investment Managers Limited 2.4B 53.0 57.0 55.0 57 29 1
ABans Enterprises Limited 2.4B 94.0 74.0 61.0 78 30 1
Quest Capital Markets Limited 2.1B 54.0 62.0 47.0 48 31 1
Almondz Global Securities Limited 2.0B 84.0 57.0 49.0 50 32 1
Industrial Investment Trust Limited 2.0B 56.0 58.0 67.0 62 33 1
Shardul Securities Limited 1.9B 56.0 63.0 62.0 61 34 1
Emkay Global Financial Services Limited 1.8B 92.0 83.0 91.0 90 35 1
Avonmore Capital & Management Services Limited 1.7B 81.0 75.0 66.0 79 36 1
Bombay Oxygen Investments Limited 1.7B 41.0 70.0 46.0 57 37 1
RSD Finance Limited 1.3B 55.0 56.0 56.0 49 38 1
Indbank Merchant Banking Services Limited 1.1B 94.0 63.0 77.0 73 39 1
LKP Finance Limited 1.1B 43.0 56.0 47.0 49 40 1
Welspun Investments and Commercials Limited 1.1B 67.0 73.0 55.0 60 41 1
LKP Securities Limited 1.1B 74.0 84.0 92.0 89 42 1
Greencrest Financial Services Limited 994.2M 84.0 68.0 66.0 63 43 1
McDowell Holdings Limited 969.0M 98.0 65.0 51.0 57 44 1
DB (International) Stock Brokers Limited 899.5M 47.0 61.0 48.0 55 45 1
Shriram Asset Management Company Limited 881.7M 56.0 69.0 77.0 71 46 1
Global Capital Markets Limited 697.0M 40.0 53.0 50.0 50 47 1
NCL Research & Financial Services Limited 556.6M 69.0 90.0 48.0 85 48 1
Intellivate Capital Ventures Limited 500.4M 87.0 63.0 83.0 70 49 1
GCM Securities Limited 476.8M 97.0 73.0 59.0 85 50 1
Pioneer Investcorp Limited 466.7M 82.0 63.0 57.0 65 51 1
Wallfort Financial Services Ltd. 457.2M 95.0 46.0 43.0 46 52 1
Yamini Investments Company Limited 441.6M 95.0 59.0 38.0 54 53 1
HB Stockholdings Limited 420.4M 82.0 56.0 72.0 66 54 1
Pro Fin Capital Services Ltd. 398.5M 40.0 48.0 43.0 43 55 1
HB Portfolio Limited 378.9M 44.0 46.0 50.0 47 56 1
Cni Research Limited 311.1M 37.0 71.0 72.0 59 57 1
Odyssey Corporation Limited 291.9M 90.0 56.0 96.0 76 58 1
Monotype India Limited 225.0M 39.0 64.0 65.0 64 59 1
Stampede Capital Limited 209.0M 97.0 67.0 71.0 69 60 1
BFL Asset Finvest Limited 207.6M 41.0 37.0 95.0 58 61 1
Onelife Capital Advisors Limited 181.7M 66.0 70.0 71.0 67 62 1
AF Enterprises Limited 171.1M 53.0 74.0 79.0 82 63 1
Esaar (India) Limited 148.2M 57.0 63.0 73.0 62 64 1
Cubical Financial Services Limited 117.3M 38.0 69.0 38.0 57 65 1
Goenka Business & Finance Limited 109.2M 43.0 95.0 41.0 89 66 1
Alka Securities Limited 85.4M 94.0 82.0 92.0 86 67 1
Gemstone Investments Limited 75.5M 85.0 93.0 55.0 96 68 1
Confidence Finance and Trading Limited 73.9M 89.0 60.0 70.0 68 69 1
Essar Securities Limited 72.9M 52.0 50.0 84.0 50 70 1
Jackson Investments Limited 55.2M 97.0 61.0 94.0 72 71 1
Mathew Easow Research Securities Limited 38.5M 47.0 61.0 82.0 55 72 1
Pilani Investment and Industries Corporation Limited 21.2B 51.0 70.0 63.0 66 73 1
VLS Finance Limited 5.2B 57.0 76.0 61.0 70 74 1
Consolidated Finvest & Holdings Limited 4.4B 38.0 65.0 46.0 55 75 1
N.B.I. Industrial Finance Company Limited 4.2B 51.0 76.0 83.0 80 76 1
Wealth First Portfolio Managers Limited 3.1B 69.0 47.0 61.0 50 77 1
Inventure Growth & Securities Limited 2.4B 69.0 58.0 52.0 49 78 1
BLB Limited 1.1B 76.0 75.0 88.0 78 79 1
Steel City Securities Limited 910.2M 49.0 64.0 61.0 60 80 1

Cash Flow Analysis

Overall, Arihant Capital Markets's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth. Arihant Capital Markets presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 127.5M, which is a change of 145.1% from the last filing. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. Hence, its net cash flow earned a score of 67. Also, Arihant Capital Markets did a great job related to free cash flow this period, which stood at -1.7, representing a 44.3% change from the previous filing. This parameter could affect companies in the same industry and market capitalization by up to 5.2%. Their free cash flow situation is all the more impressive relative to their peers and competitors. Consequently, their free cash flow movement received a grade of 67. That said, one metric, Capital Expenditure, stood out as particularly concerning. Arihant Capital Markets's published capital expenditures (CapEx) numbers were discouraging and reflected management's unbalanced growth strategy. Arihant Capital Markets recorded CapEx of 69.8M, which represents a 1069.2% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Consequently, their CapEx movement received a grade of 47. Consequently, the company's cash flow earned a score of 66.

Parameter Value Change Score
Net Cashflow 127.5M 145.1% 67
Capital Expenditure 69.8M 1069.2% 47
Asset Turnover 0.3 11.8% 65
Free Cashflow Per Share -1.7 44.3% 67
* All values are TTM

The below chart describes Arihant Capital Markets's performance as reflected on its cash flow with respect to its peers. While Arihant Capital Markets received a cash flow score of 66, the average of its peers stands on 66.

  •  511605
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Nalwa Sons Investments Limited 12.3B 72.0 65.0 68.0 64.0 67 0 1
Monarch Networth Capital Limited 12.0B 69.0 64.0 63.0 69.0 68 1 1
Dolat Algotech Limited 11.9B 65.0 72.0 71.0 76.0 76 2 1
UGRO Capital Limited 11.4B 70.0 67.0 67.0 63.0 68 3 1
Geojit Financial Services Limited 11.3B 76.0 54.0 56.0 65.0 65 4 1
PNB Gilts Ltd. 11.3B 69.0 59.0 68.0 50.0 55 5 1
BF Investment Limited 10.9B 70.0 63.0 68.0 65.0 66 6 1
Centrum Capital Limited 10.7B 67.0 67.0 67.0 90.0 88 7 1
5paisa Capital Limited 9.6B 66.0 67.0 67.0 82.0 81 8 1
Dhunseri Ventures Limited 9.1B 69.0 67.0 94.0 46.0 58 9 1
Kalyani Investment Company Limited 8.2B 82.0 53.0 69.0 93.0 85 10 1
Summit Securities Limited 6.9B 85.0 51.0 96.0 71.0 87 11 1
Nahar Capital and Financial Services Limited 5.6B 63.0 84.0 95.0 46.0 67 12 1
Jindal Poly Investment and Finance Company Limited 5.3B 81.0 66.0 98.0 52.0 81 13 1
The Investment Trust of India Limited 5.0B 64.0 71.0 69.0 62.0 65 14 1
Mahanivesh (India) Limited 4.5B 73.0 56.0 68.0 74.0 71 15 1
Dhunseri Investments Limited 4.5B 74.0 66.0 68.0 76.0 76 16 1
Kiran Vyapar Limited 4.0B 61.0 71.0 40.0 82.0 58 17 1
Swiss Military Consumer Goods Limited 3.7B 73.0 63.0 57.0 77.0 78 18 1
Aditya Birla Money Limited 3.5B 53.0 85.0 81.0 69.0 75 19 1
Jindal Photo Limited 3.5B 63.0 68.0 59.0 83.0 75 20 1
SIL Investments Limited 3.3B 79.0 54.0 41.0 95.0 81 21 1
Prime Securities Limited 3.2B 72.0 64.0 70.0 48.0 53 22 1
Industrial & Prudential Investment Company Limited 3.2B 59.0 77.0 67.0 88.0 87 23 1
Indo Thai Securities Limited 3.2B 61.0 66.0 48.0 46.0 42 24 1
Jaykay Enterprises Limited 3.0B 74.0 55.0 95.0 87.0 76 25 1
Systematix Corporate Services Limited 3.0B 83.0 46.0 65.0 68.0 75 26 1
Master Trust Limited 2.7B 71.0 66.0 46.0 50.0 50 27 1
STEL Holdings Limited 2.6B 54.0 84.0 68.0 40.0 45 28 1
IL&FS Investment Managers Limited 2.4B 58.0 74.0 85.0 85.0 79 29 1
ABans Enterprises Limited 2.4B 45.0 89.0 91.0 87.0 76 30 1
Quest Capital Markets Limited 2.1B 65.0 72.0 63.0 78.0 74 31 1
Almondz Global Securities Limited 2.0B 78.0 38.0 52.0 74.0 68 32 1
Industrial Investment Trust Limited 2.0B 67.0 72.0 59.0 71.0 71 33 1
Shardul Securities Limited 1.9B 68.0 65.0 76.0 84.0 81 34 1
Emkay Global Financial Services Limited 1.8B 61.0 72.0 91.0 65.0 70 35 1
Avonmore Capital & Management Services Limited 1.7B 66.0 71.0 65.0 66.0 70 36 1
Bombay Oxygen Investments Limited 1.7B 52.0 82.0 90.0 94.0 94 37 1
RSD Finance Limited 1.3B 51.0 66.0 68.0 61.0 54 38 1
Indbank Merchant Banking Services Limited 1.1B 75.0 61.0 53.0 52.0 53 39 1
LKP Finance Limited 1.1B 63.0 72.0 67.0 72.0 74 40 1
Welspun Investments and Commercials Limited 1.1B 63.0 80.0 68.0 38.0 50 41 1
LKP Securities Limited 1.1B 62.0 78.0 67.0 82.0 84 42 1
Greencrest Financial Services Limited 994.2M 68.0 68.0 69.0 67.0 67 43 1
McDowell Holdings Limited 969.0M 86.0 44.0 66.0 37.0 51 44 1
DB (International) Stock Brokers Limited 899.5M 60.0 81.0 68.0 65.0 67 45 1
Shriram Asset Management Company Limited 881.7M 66.0 67.0 81.0 84.0 84 46 1
Global Capital Markets Limited 697.0M 71.0 60.0 60.0 89.0 80 47 1
NCL Research & Financial Services Limited 556.6M 71.0 69.0 66.0 90.0 92 48 1
Intellivate Capital Ventures Limited 500.4M 66.0 71.0 62.0 83.0 79 49 1
GCM Securities Limited 476.8M 69.0 70.0 60.0 79.0 76 50 1
Pioneer Investcorp Limited 466.7M 80.0 56.0 71.0 62.0 64 51 1
Wallfort Financial Services Ltd. 457.2M 66.0 71.0 63.0 65.0 63 52 1
Yamini Investments Company Limited 441.6M 66.0 71.0 63.0 58.0 59 53 1
HB Stockholdings Limited 420.4M 70.0 66.0 59.0 60.0 67 54 1
Pro Fin Capital Services Ltd. 398.5M 70.0 71.0 66.0 51.0 63 55 1
HB Portfolio Limited 378.9M 73.0 63.0 56.0 91.0 88 56 1
Cni Research Limited 311.1M 69.0 69.0 64.0 62.0 60 57 1
Odyssey Corporation Limited 291.9M 70.0 69.0 69.0 98.0 88 58 1
Monotype India Limited 225.0M 67.0 69.0 65.0 46.0 49 59 1
Stampede Capital Limited 209.0M 66.0 71.0 63.0 97.0 82 60 1
BFL Asset Finvest Limited 207.6M 61.0 71.0 65.0 64.0 66 61 1
Onelife Capital Advisors Limited 181.7M 69.0 69.0 64.0 51.0 51 62 1
AF Enterprises Limited 171.1M 66.0 71.0 65.0 51.0 63 63 1
Esaar (India) Limited 148.2M 69.0 71.0 66.0 68.0 69 64 1
Cubical Financial Services Limited 117.3M 71.0 69.0 66.0 98.0 99 65 1
Goenka Business & Finance Limited 109.2M 69.0 70.0 60.0 51.0 50 66 1
Alka Securities Limited 85.4M 83.0 54.0 86.0 42.0 61 67 1
Gemstone Investments Limited 75.5M 70.0 69.0 70.0 85.0 85 68 1
Confidence Finance and Trading Limited 73.9M 69.0 71.0 66.0 76.0 76 69 1
Essar Securities Limited 72.9M 71.0 69.0 66.0 86.0 88 70 1
Jackson Investments Limited 55.2M 66.0 71.0 62.0 81.0 77 71 1
Mathew Easow Research Securities Limited 38.5M 69.0 69.0 64.0 63.0 60 72 1
Pilani Investment and Industries Corporation Limited 21.2B 66.0 71.0 66.0 67.0 71 73 1
VLS Finance Limited 5.2B 68.0 69.0 60.0 66.0 64 74 1
Consolidated Finvest & Holdings Limited 4.4B 48.0 89.0 77.0 42.0 59 75 1
N.B.I. Industrial Finance Company Limited 4.2B 78.0 42.0 68.0 59.0 68 76 1
Wealth First Portfolio Managers Limited 3.1B 60.0 81.0 68.0 72.0 66 77 1
Inventure Growth & Securities Limited 2.4B 85.0 46.0 93.0 73.0 91 78 1
BLB Limited 1.1B 85.0 45.0 84.0 66.0 67 79 1
Steel City Securities Limited 910.2M 59.0 72.0 62.0 73.0 68 80 1

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