Arihant Foundations & Housing Ltd
ARIHANTArihant Foundations & Housing Ltd's earnings have outrun its stock. EPS grew +38.1% in a year against a −17.6% price move.
The sharpest disagreement: profits are rising, but only 20% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a downtrend (25 weeks in) while the P/E sits at the 45th percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +50.0% year on year, and 20% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Arihant Foundations & Housing Ltd trades at ₹938, in a downtrend and 25 weeks into that stage. That is −4.0% against its own 200-day average. It sits at 34% of a 52-week range of ₹789 to ₹1,230. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 8 straight weeks.
Today the stock is in a downtrend — week 25 of stage 4. At ₹938 it trades −4.0% versus its 200-day average and sits at 34% of its 52-week range (₹789–₹1,230).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +2,174% while the NIFTY 500 moved +255% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 8 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Arihant Foundations & Housing Ltd's story is not scored yet against the markers our research file set on 22 August 2026. Where it sits in its own cycle: MID_CONTRACTION. Still open: Two consecutive quarters of negative operating cash flow combined with debt exceeding 450 Cr without matching revenue recognition above 120 Cr per quarter.
Our read, 22 August 2026. Revenue expanded to 420 Cr in FY26 from 124 Cr in FY24 via Chennai residential execution, but peak trailing OPM of 27.1% and a 400 Cr debt load create a valuation trap if execution margins mean-revert toward historic levels.
From the numbers. The deterministic valuation matrix classifies Arihant as a valuation opportunity at 14.8x trailing PE (50th percentile of historical band). However, deeper cyclical analysis identifies a Peak Earnings Valuation Trap.…
From the price. Price stage 4, week 25 — below its 200-day line, relative strength rising.
From the research. Revenue expanded to 420 Cr in FY26 from 124 Cr in FY24 via Chennai residential execution, but peak trailing OPM of 27.1% and a 400 Cr debt load create a valuation trap if execution margins mean-revert toward historic…
🚨 Where they disagree. The deterministic valuation matrix classifies Arihant as a valuation opportunity at 14.8x trailing PE (50th percentile of historical band). However, deeper cyclical analysis identifies a Peak Earnings Valuation Trap. TTM operating profit margin of 27.1% sits at the 74th percentile of history, compared to a 10-year normalized mid-cycle margin of 8.9%. On normalized margins, EPS is 20.93 rather than trailing 68.59, lifting normalized PE to 48.5x (100th percentile). Trailing PE appears moderate solely because trailing earnings are elevated by delivery-phase margins. Sustaining valuation requires ongoing delivery execution above 400 Cr revenue annually.
What is proven. Revenue expanded to 420 Cr in FY26 from 124 Cr in FY24 via Chennai residential execution, but peak trailing OPM of 27.1% and a 400 Cr debt load create a valuation trap if execution margins mean-revert toward historic levels.
What is not proven yet. Two consecutive quarters of negative operating cash flow combined with debt exceeding 450 Cr without matching revenue recognition above 120 Cr per quarter.
🚨 What would change our mind. Two consecutive quarters of negative operating cash flow combined with debt exceeding 450 Cr without matching revenue recognition above 120 Cr per quarter.
🚨 Layer 1 read, 22 August 2026 — DROP. Revenue nearly doubled, but the biggest quarter made the least money and the cash came from the bank, not customers. Annual sales went from Rs 124 Cr to Rs 420 Cr in two years and the June quarter grew 61%, which looks like a Priority 1 setup on the screen. But this is a developer that books a sale when a building is handed over, so March 2026 posted the highest revenue of the last twelve quarters — Rs 148 Cr, up 121% — and its profit still FELL 64%, to Rs 4 Cr. Over three years the company turned Rs 116 Cr of reported profit into just Rs 23 Cr of actual cash, and in the past year it borrowed Rs 251 Cr more to keep buying land, with no earnings call anywhere to explain any of it.
What would change Layer 1’s mind. The Timeline says the thesis breaks on two consecutive quarters of negative operating cash flow with debt above Rs 450 Cr and quarterly revenue below Rs 120 Cr. Sharpened to this layer, the flip runs the other way — what would RAISE this verdict is the pair the company set for itself: FY27 operating cash flow of at least Rs 60 Cr arriving alongside borrowings falling to Rs 360 Cr or below, which together would show that recognised revenue is finally converting into collected cash that retires…
The test written in advance. Two consecutive quarters of negative operating cash flow combined with debt exceeding 450 Cr without matching revenue recognition above 120 Cr per quarter. — the thesis as written as stated by the next result.
The test written in advance. Peak Margin Valuation Trap and Mean-Reversion — Peak Margin Valuation Trap and Mean-Reversion Quarterly operating profit margin dipping below 15% across two consecutive quarters. by the next result.
The test written in advance. Leverage Expansion and Debt Service Burden — Leverage Expansion and Debt Service Burden Total debt exceeding 450 Cr or quarterly interest expense remaining above 10 Cr without commensurate revenue. by the next result.
What the company does. Arihant scaled TTM revenue by 88.8% YoY on project deliveries, generating 59 Cr PAT in FY26. However, 3-year cash conversion sits at 0.2x cumulative OCF-to-PAT as working capital and inventory absorbed 95 Cr. At 14.8x trailing PE, the stock appears moderate, but normalized for mid-cycle 8.9% OPM, normalized PE is 48.5x, requiring sustained milestone billing to support current valuation.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| Chennai Residential Project Delivery… | in play | — | Execution and milestone handovers across residential developments driving annual revenue above 400 Cr. | Approval bottlenecks or regional slowdown in Chennai residential absorption decelerate quarterly sales below 80 Cr. |
| Operating Leverage in Project Construction | in play | — | Fixed overhead absorption expanding operating margins to 27% in peak delivery quarters. | Raw material inflation in cement and steel together with sub-contractor cost overruns compress development margins below 15%. |
| Working Capital Cash Release on Project… | in play | — | Customer collection acceleration generating 79 Cr operating cash flow in FY26. | Customer payment deferrals or inventory buildup in completed unsold units reverse operating cash flow into negative territory. |
| Commercial and Mixed-Use Asset Monetization | in play | — | Monetization of mixed-use and commercial footprint augmenting residential development receipts. | Commercial leasing vacancy rises or rental yields decline, delaying planned capital recycling. |
🚨 What the surface reading misses. The surface reading is: Revenue more than tripled over two fiscal years, showing rapid operational expansion. The research reads it further: Revenue scaling reflects milestone recognition on active Chennai residential completions under Ind AS 115 rather than multi-year recurring billing.
🚨 What the surface reading misses. The surface reading is: Net profit grew more than 4x from FY24 to FY26, signaling clear earnings recovery. The research reads it further: Operating profit reached 97 Cr (23% OPM), but PAT conversion was muted by 251 Cr debt expansion and 12 Cr quarterly interest expense in Mar 2026.
Lever 12 · New product launch — BUILDING. Execution and milestone handovers across residential developments driving annual revenue above 400 Cr. What proves it keeps working: Chennai Residential Project Delivery Pipeline. It stops working if Approval bottlenecks or regional slowdown in Chennai residential absorption decelerate quarterly sales below 80 Cr.
Lever 1 · Operating leverage — BUILDING. Fixed overhead absorption expanding operating margins to 27% in peak delivery quarters. What proves it keeps working: Operating Leverage in Project Construction. It stops working if Raw material inflation in cement and steel together with sub-contractor cost overruns compress development margins below 15%.
Sources: our stock research file (22 August 2026) · quarterly results through Jun 26. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Arihant Foundations & Housing Ltd reported ₹134 Cr of revenue in the Jun 26 quarter, +61.4% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 12.9% a year. The last full year, FY26, came in at ₹420 Cr. The last four reported quarters add to ₹472 Cr.
Why this happened. Revenue expanded 238% over two fiscal years from 124 Cr in FY24 to 420 Cr in FY26. Under project completion accounting, handovers in prime Chennai corridors provide operational scale.
FY26 revenue came in at ₹420 Cr (+103.9% on the year), capping 10 years at 12.9% compound. The latest quarter (Jun 26) printed ₹134 Cr, +61.4% year on year — the 11th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +90.4% growth against the decade's 12.9% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +88.8% over the last 4 quarters against +94.3%/yr over the last 8 — rolling over; TTM profit +38.8% vs +79.9%/yr — rolling over.
FY26-Q4. revenue ₹148 Cr and profit ₹4 Cr as reported.
FY27-Q1. revenue ₹134 Cr and profit ₹24 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Arihant Foundations & Housing Ltd's operating margin is 27.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −39.0% to 31.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 27.0%, +1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −39.0%–31.0%.
Why the margin moved: operating margin went +0.6 pp year on year while gross margin went +0.1 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
FY26-Q4. revenue ₹148 Cr and profit ₹4 Cr as reported.
FY27-Q1. revenue ₹134 Cr and profit ₹24 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Arihant Foundations & Housing Ltd earned ₹24.0 Cr of net profit in the Jun 26 quarter, +50.0% year on year. Full-year FY26 profit was ₹59.0 Cr. That is 17.9% of the quarter's revenue. The same quarter a year earlier earned ₹16.0 Cr.
Jun 26 profit was ₹24.0 Cr, +50.0% year on year. On the full year, FY26 printed ₹59.0 Cr (+37.2%).
Why profit moved: revenue contributed +61.4% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +37.5% vs revenue +90.4%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
FY26-Q4. revenue ₹148 Cr and profit ₹4 Cr as reported.
FY27-Q1. revenue ₹134 Cr and profit ₹24 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 20% of Arihant Foundations & Housing Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹79.0 Cr of operating cash against ₹59.0 Cr of profit. After ₹4.0 Cr of capital spending, ₹75.0 Cr was left as free cash.
Why this happened. After negative operating cash flow of -86 Cr in FY25 due to construction outlays, FY26 operating cash flow inflected to 79 Cr (1.34x PAT) as customer milestone billings converted to cash.
FY26: operating cash of ₹79.0 Cr against reported profit of ₹59.0 Cr, leaving free cash of ₹75.0 Cr after ₹4.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 20% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 20%: the cash cycle tightened 1,085 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 2.5× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Arihant Foundations & Housing Ltd's cash conversion cycle runs 317 days in FY26, down from 1,402 days in FY21. Capital spending ran ₹5.0 Cr over the last 3 years. At FY26 sales of ₹420 Cr each day of that cycle holds about ₹1.2 Cr, so roughly ₹365 Cr sits inside the business at any moment.
FY26: debtors at 66 days, inventory at 316 days — roughly 10.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 317 days, tighter than FY21's 1,402.
The full loop: cash goes out to suppliers and production on day 0; stock waits 316 days to sell; customers pay about 66 days after that; and suppliers themselves are paid at 65 days — netting out to the 317-day cycle.
In money terms: at FY26 sales of ₹420 Cr, each day of the cycle holds about ₹1.2 Cr — so the 317-day loop keeps roughly ₹365 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹5.0 Cr over the last 3 fiscal years against ₹2.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Arihant Foundations & Housing Ltd earns a ROCE of 17% in FY26. That is up from a trough of −3% in Dec 14. Return on invested capital clears the cost of that capital by +1.0 percentage points, so growth here adds value rather than only size. The wiring behind it is 14.0% net margin on 0.41× asset turns.
FY26 ROCE is 17%, recovered from a Dec 14 trough of −3% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 14.0% net margin × 0.41× asset turns × 2.74× balance-sheet leverage ≈ 15.7% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 13.0% − 12.0% = a +1.0 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Arihant Foundations & Housing Ltd carries total debt of ₹482 Cr against shareholder equity of ₹371 Cr as of Mar 26, a debt-to-equity of 1.30. On the annual view that ratio went from 3.89 in FY22 to 1.30 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Why this happened. Operating profit reached 97 Cr in FY26 (23% OPM) compared to 25 Cr in FY24 (20% OPM). Fixed overhead dilution during high-delivery quarters lifts operating profit margins toward 27%.
Mar 26: total debt of ₹482 Cr against shareholder equity of ₹371 Cr — a debt-to-equity of 1.30. On the annual view, debt-to-equity went from 3.89 (FY22) to 1.30 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 5.6 points of Arihant Foundations & Housing Ltd over 8 quarters, the biggest move on the register. That takes promoters to 37.3% of the company. Domestic institutions moved +1.8 points over the same window, to 1.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −5.6 points over 8 quarters to 37.3%; Domestic institutions: +1.8 points over 8 quarters to 1.8%; Foreign institutions: +0.0 points over 8 quarters to 0.0%.
🚨 Why the register moved: promoters drove it (−5.6 points), absorbed on the other side by domestic institutions (+1.8 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Arihant Foundations & Housing Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Arihant Foundations & Housing Ltd trades at 14.1× P/E, mid-range by its own standards (45th percentile). Its long-run median P/E is 14.7×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 14.1× is mid-range by its own standards (45th percentile), against a long-run median of 14.7× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +38.1% against a −17.6% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 3y, of the +162.3%/yr price move, ~+77.9%/yr came from earnings growth and ~+84.4 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 27 August 2026 price, Arihant Foundations & Housing Ltd was paying for profit growth of about 6.7% a year. Today the market pays 14.1× P/E, the 45th percentile of its own 11-year range.
What the two numbers say together. The multiple is unremarkable against its own past, and the growth the price is paying for is the whole of what a buyer is backing.
How to hold this number: it is a reading of one day's price, taken on 27 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Arihant Foundations & Housing Ltd reads as mixed on its fundamental arc. Mixed — growth is normalizing off a hyper-growth base: profit growth has eased from +537.9% at its peak to +38.8% but is still expanding, ROCE holding at 17.0%. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +103.9% | +87.2% | +49.6% | +12.9% |
| Profit | +37.2% | +80.7% | — | — |
| EPS | +38.1% | +72.2% | — | — |
| Share price | −17.6% | +162.3% | +104.2% | +34.3% |
4-Factor Sector Score
65.0/100 — rank 1 of 26 in Realty - Construction & Contracting · 81% evidence confidence
Arihant Foundations & Housing Ltd scores 65.0 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 1. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 21.1 + 19.5 + 11.3 + 13.1 = 65. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Arihant Foundations & Housing Ltdthis pageARIHANT | 65.0/100Favorable setup81% evidence | BREAKING OUT | 21.1/35 Revenue 88.8% · PAT 38.8% · OPM change 1 pp 95% evidence | 19.5/25 ROCE 17.5% · OPM 27% 95% evidence | 11.3/20 P/E 14.1× · PEG — 50% evidence | 13.1/20 RS sector 10.4% · RS bench -6.8% · 1Y -17.6%7 of 10 weeks ahead 70% evidence |
| Exact sum: 21.1 + 19.5 + 11.3 + 13.1 = 65 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Eldeco Housing & Industries LtdELDEHSG | 62.1/100Mixed-positive evidence81% evidence | ASLEEP | 27.7/35 Revenue 38.1% · PAT 100% · OPM change 25 pp 95% evidence | 14.0/25 ROCE 7.7% · OPM 36% 95% evidence | 6.9/20 P/E 21.2× · PEG — 50% evidence | 13.5/20 RS sector 28.2% · RS bench -5.6% · 1Y 2.5%0 of 10 weeks ahead 70% evidence |
| Exact sum: 27.7 + 14 + 6.9 + 13.5 = 62.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Ashiana Housing LtdASHIANA | 59.8/100Mixed-positive evidence100% evidence | ASLEEP | 29.3/35 Revenue 37% · PAT 100% · OPM change 3 pp 100% evidence | 13.5/25 ROCE 14% · OPM 7% 100% evidence | 5.6/20 P/E 29.5× · PEG 4.68 100% evidence | 11.4/20 RS sector 2.8% · RS bench 6.9% · 1Y 10.6%6 of 12 weeks ahead 100% evidence |
| Exact sum: 29.3 + 13.5 + 5.6 + 11.4 = 59.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4PVP Ventures LtdPVP | 57.9/100Mixed-positive evidence72% evidence | BREAKING OUT | 22.5/35 Revenue 100% · PAT 100% · OPM change 0 pp 71% evidence | 6.6/25 ROCE 6.4% · OPM 29% 95% evidence | 8.8/20 P/E 111× · PEG — 15% evidence | 20.0/20 RS sector 92.4% · RS bench 99.4% · 1Y 125.8%8 of 12 weeks ahead 100% evidence |
| Exact sum: 22.5 + 6.6 + 8.8 + 20 = 57.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Arvind SmartSpaces LtdARVSMART | 56.6/100Mixed-positive evidence82% evidence | BREAKING OUT | 20.1/35 Revenue 5.3% · PAT 48% · OPM change 28 pp 95% evidence | 16.3/25 ROCE 12.4% · OPM 49% 76% evidence | 10.1/20 P/E 14.9× · PEG — 50% evidence | 10.1/20 RS sector -2.4% · RS bench 1.4% · 1Y -3.2%5 of 12 weeks ahead 100% evidence |
| Exact sum: 20.1 + 16.3 + 10.1 + 10.1 = 56.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Raymond LtdRAYMOND | 56.5/100Mixed-positive evidence75% evidence | LEADER | 18.8/35 Revenue 13.5% · PAT -80% · OPM change 3 pp 95% evidence | 9.3/25 ROCE 3.1% · OPM 13% 76% evidence | 9.0/20 P/E 39.7× · PEG — 15% evidence | 19.4/20 RS sector 91.8% · RS bench 98.2% · 1Y 63.9%12 of 12 weeks ahead 100% evidence |
| Exact sum: 18.8 + 9.3 + 9 + 19.4 = 56.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Sunteck Realty LtdSUNTECK | 53.5/100Mixed-positive evidence93% evidence | TURNING | 26.1/35 Revenue 55.5% · PAT 31.1% · OPM change 10 pp 100% evidence | 8.3/25 ROCE 7.5% · OPM 35% 100% evidence | 13.5/20 P/E 19.8× · PEG 0.87 65% evidence | 5.6/20 RS sector -22.2% · RS bench -19.2% · 1Y -35.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 26.1 + 8.3 + 13.5 + 5.6 = 53.5 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.2% and the one-year return is -35.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 8Puravankara LtdPURVA | 53.3/100Mixed-positive evidence61% evidence | TURNING | 25.3/35 Revenue 100% · PAT 100% · OPM change 9 pp 71% evidence | 11.3/25 ROCE 11.2% · OPM 22% 76% evidence | 9.5/20 P/E 31.4× · PEG — 15% evidence | 7.2/20 RS sector -13.6% · RS bench -5.4% · 1Y -26.5%2 of 10 weeks ahead 70% evidence |
| Exact sum: 25.3 + 11.3 + 9.5 + 7.2 = 53.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9AGI Infra LtdAGIIL | 52.9/100Mixed-positive evidence93% evidence | ASLEEP | 19.2/35 Revenue 3.8% · PAT 43.1% · OPM change 9 pp 100% evidence | 19.0/25 ROCE 20.1% · OPM 42% 100% evidence | 10.7/20 P/E 33.3× · PEG 1.25 65% evidence | 4.0/20 RS sector -13.1% · RS bench -9.5% · 1Y 15.6%2 of 12 weeks ahead 100% evidence |
| Exact sum: 19.2 + 19 + 10.7 + 4 = 52.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Kesar India Ltd543542 | 52.3/100Mixed-positive evidence67% evidence | ASLEEP | 14.7/35 Revenue 91.9% · PAT 12.6% · OPM change -6 pp 71% evidence | 17.3/25 ROCE 23.4% · OPM 8% 76% evidence | 8.9/20 P/E 82.1× · PEG — 15% evidence | 11.4/20 RS sector 3.2% · RS bench 7.9% · 1Y 83.1%1 of 12 weeks ahead 100% evidence |
| Exact sum: 14.7 + 17.3 + 8.9 + 11.4 = 52.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Ajmera Realty & Infra India LtdAJMERA | 52.2/100Mixed-positive evidence82% evidence | BASING | 21.8/35 Revenue 43.3% · PAT 23.5% · OPM change -1 pp 95% evidence | 16.8/25 ROCE 14.3% · OPM 29% 76% evidence | 9.2/20 P/E 14.9× · PEG — 50% evidence | 4.4/20 RS sector -24.1% · RS bench -21.5% · 1Y -41.4%3 of 12 weeks ahead 100% evidence |
| Exact sum: 21.8 + 16.8 + 9.2 + 4.4 = 52.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Capacite Infraprojects LtdCAPACITE | 52.0/100Mixed-positive evidence81% evidence | ASLEEP | 15.5/35 Revenue 12.4% · PAT -5.6% · OPM change -1 pp 95% evidence | 15.3/25 ROCE 15.5% · OPM 16% 95% evidence | 14.4/20 P/E 8.8× · PEG — 50% evidence | 6.8/20 RS sector -7.6% · RS bench -20.1% · 1Y -35.3%1 of 10 weeks ahead 70% evidence |
| Exact sum: 15.5 + 15.3 + 14.4 + 6.8 = 52 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 13Suratwwala Business Group LtdSBGLP | 51.3/100Thin evidence · provisional56% evidence | 18.4/35 Revenue 100% · PAT 100% · OPM change 45 pp 40% evidence | 12.8/25 ROCE 12.4% · OPM 37% 71% evidence | 13.9/20 P/E 16.8× · PEG — 50% evidence | 6.2/20 RS sector -13.9% · RS bench -14.8% · 1Y -11.8%2 of 12 weeks ahead to 2026-04-19 70% evidence | |
| Exact sum: 18.4 + 12.8 + 13.9 + 6.2 = 51.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 14Kolte Patil Developers LtdKOLTEPATIL | 49.3/100Mixed-negative evidence78% evidence | BREAKING OUT | 15.1/35 Revenue 7.8% · PAT 47.1% · OPM change 53 pp 74% evidence | 7.0/25 ROCE -0.3% · OPM 21% 100% evidence | 13.9/20 P/E 31.2× · PEG 0.74 65% evidence | 13.3/20 RS sector 1.1% · RS bench 14% · 1Y -5.9%6 of 10 weeks ahead 70% evidence |
| Exact sum: 15.1 + 7 + 13.9 + 13.3 = 49.3 · Decision use: Price leads the evidence: RS versus the benchmark is 14%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 15Geecee Ventures LtdGEECEE | 49.0/100Mixed-negative evidence87% evidence | BREAKING OUT | 12.1/35 Revenue -6.5% · PAT 20% · OPM change -24.9 pp 95% evidence | 9.7/25 ROCE 6.3% · OPM 28.7% 95% evidence | 9.4/20 P/E 16.7× · PEG — 50% evidence | 17.8/20 RS sector 8.9% · RS bench 13% · 1Y -5.1%12 of 12 weeks ahead 100% evidence |
| Exact sum: 12.1 + 9.7 + 9.4 + 17.8 = 49 · Decision use: Price leads the evidence: RS versus the benchmark is 13%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 16Suraj Estate Developers LtdSURAJEST | 47.9/100Mixed-negative evidence87% evidence | ASLEEP | 13.2/35 Revenue 4% · PAT 1.1% · OPM change 0 pp 95% evidence | 17.7/25 ROCE 14.5% · OPM 37% 95% evidence | 13.8/20 P/E 9.1× · PEG — 50% evidence | 3.2/20 RS sector -25.6% · RS bench -22.8% · 1Y -42%0 of 12 weeks ahead 100% evidence |
| Exact sum: 13.2 + 17.7 + 13.8 + 3.2 = 47.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 17Ganesh Housing LtdGANESHHOU | 45.5/100Mixed-negative evidence100% evidence | FADING | 4.3/35 Revenue -28.6% · PAT -54.1% · OPM change -46 pp 100% evidence | 18.2/25 ROCE 18.8% · OPM 39% 100% evidence | 12.4/20 P/E 24× · PEG 0.31 100% evidence | 10.6/20 RS sector -0.8% · RS bench 2.9% · 1Y -11.4%9 of 12 weeks ahead 100% evidence |
| Exact sum: 4.3 + 18.2 + 12.4 + 10.6 = 45.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18Shriram Properties LtdSHRIRAMPPS | 44.6/100Mixed-negative evidence87% evidence | ASLEEP | 19.0/35 Revenue 37% · PAT 13.6% · OPM change -12.9 pp 95% evidence | 9.1/25 ROCE 8% · OPM -3.9% 95% evidence | 12.9/20 P/E 13.4× · PEG — 50% evidence | 3.6/20 RS sector -15.8% · RS bench -12.7% · 1Y -20.3%3 of 12 weeks ahead 100% evidence |
| Exact sum: 19 + 9.1 + 12.9 + 3.6 = 44.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 19Keystone Realtors LtdRUSTOMJEE | 42.3/100Mixed-negative evidence76% evidence | BASING | 17.4/35 Revenue 52.6% · PAT -26.8% · OPM change 12.7 pp 95% evidence | 10.1/25 ROCE 4.7% · OPM 17% 76% evidence | 9.0/20 P/E 37.1× · PEG — 50% evidence | 5.8/20 RS sector -11.6% · RS bench -23.4% · 1Y -44%0 of 10 weeks ahead 70% evidence |
| Exact sum: 17.4 + 10.1 + 9 + 5.8 = 42.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 20Omaxe LtdOMAXE | 40.7/100Mixed-negative evidence63% evidence | BREAKING OUT | 13.4/35 Revenue -8.3% · PAT 29.6% · OPM change 61.9 pp 71% evidence | 2.3/25 ROCE -110% · OPM 1.8% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 15.0/20 RS sector 4% · RS bench 52.4% · 1Y 42.7%6 of 10 weeks ahead 70% evidence |
| Exact sum: 13.4 + 2.3 + 10 + 15 = 40.7 · Decision use: Price leads the evidence: RS versus the benchmark is 52.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 21Hubtown LtdHUBTOWN | 39.3/100Mixed-negative evidence77% evidence | BASING | 13.5/35 Revenue 29.1% · PAT -12.2% · OPM change -4 pp 100% evidence | 9.4/25 ROCE 9.5% · OPM 18% 100% evidence | 9.9/20 P/E 27.4× · PEG — 15% evidence | 6.5/20 RS sector -10.6% · RS bench -20.4% · 1Y -44.5%0 of 10 weeks ahead 70% evidence |
| Exact sum: 13.5 + 9.4 + 9.9 + 6.5 = 39.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22Valor Estate LtdDBREALTY | 37.9/100Mixed-negative evidence93% evidence | ASLEEP | 23.6/35 Revenue -49.5% · PAT 100% · OPM change 24.4 pp 100% evidence | 6.5/25 ROCE 1.6% · OPM 20.8% 100% evidence | 4.3/20 P/E 440.4× · PEG 4.19 65% evidence | 3.5/20 RS sector -20.1% · RS bench -17.3% · 1Y -43.5%6 of 12 weeks ahead 100% evidence |
| Exact sum: 23.6 + 6.5 + 4.3 + 3.5 = 37.9 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.1% and the one-year return is -43.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 23Hemisphere Properties India LtdHEMIPROP | 37.5/100Thin evidence · provisional56% evidence | BASING | 10.3/35 Revenue -4.2% · PAT -46.1% · OPM change -134.2 pp 74% evidence | 4.8/25 ROCE -1.1% · OPM — 64% evidence | 10.0/20 P/E — · PEG — 0% evidence | 12.4/20 RS sector 6.5% · RS bench -11.7% · 1Y -31.6%1 of 10 weeks ahead 70% evidence |
| Exact sum: 10.3 + 4.8 + 10 + 12.4 = 37.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 24Peninsula Land LtdPENINLAND | 34.0/100Adverse evidence69% evidence | TURNING | 11.5/35 Revenue -50.7% · PAT -80% · OPM change -43.7 pp 71% evidence | 6.7/25 ROCE 4.9% · OPM -19.4% 95% evidence | 10.0/20 P/E — · PEG — 0% evidence | 5.8/20 RS sector -29% · RS bench -26.7% · 1Y -54.3%2 of 12 weeks ahead 100% evidence |
| Exact sum: 11.5 + 6.7 + 10 + 5.8 = 34 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 25SignatureGlobal India LtdSIGNATURE | 30.7/100Adverse evidence93% evidence | BASING | 13.0/35 Revenue -23% · PAT 100% · OPM change -11.8 pp 100% evidence | 3.5/25 ROCE 2.6% · OPM -8% 100% evidence | 7.6/20 P/E 10.1× · PEG 3.94 65% evidence | 6.6/20 RS sector -19.2% · RS bench -16.1% · 1Y -31.3%0 of 12 weeks ahead 100% evidence |
| Exact sum: 13 + 3.5 + 7.6 + 6.6 = 30.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 26Laxmi Goldorna House LtdLGHL | 28.6/100Adverse evidence80% evidence | BASING | 8.8/35 Revenue 12.4% · PAT -80% · OPM change -6 pp 95% evidence | 10.3/25 ROCE 10.1% · OPM 12.1% 95% evidence | 8.5/20 P/E 569× · PEG — 15% evidence | 1.0/20 RS sector -31.5% · RS bench -28.8% · 1Y -46.8%0 of 12 weeks ahead 100% evidence |
| Exact sum: 8.8 + 10.3 + 8.5 + 1 = 28.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Arihant Foundations & Housing Ltd's share price today?
Arihant Foundations & Housing Ltd trades at ₹938, −17.6% over the past year. The company is valued at ₹964 Cr. The stock sits at 34% of its 52-week range of ₹789–₹1,230, −4.0% versus its 200-day average. On the tape, the price is in a downtrend, 25 weeks in. — as of 11 September 2026.
What were Arihant Foundations & Housing Ltd's latest quarterly results?
Arihant Foundations & Housing Ltd reported revenue of ₹134 Cr and net profit of ₹24.0 Cr for the Jun 26 quarter. Revenue rose 61.4% and profit rose 50.0% year on year. Earnings per share were ₹22.18. The operating margin was 27.0%, 1.0 pp higher than a year earlier. — as of 11 September 2026.
What is Arihant Foundations & Housing Ltd's revenue?
Arihant Foundations & Housing Ltd reported revenue of ₹134 Cr in the Jun 26 quarter, +61.4% year on year. For the full FY26 fiscal year, revenue was ₹420 Cr (+103.9%). Over the last 10 years revenue compounded at 12.9% a year. — as of 11 September 2026.
What is Arihant Foundations & Housing Ltd's profit?
Arihant Foundations & Housing Ltd earned ₹24.0 Cr of net profit in the Jun 26 quarter, +50.0% year on year. Full-year FY26 profit was ₹59.0 Cr. The operating margin ran 27.0% in the latest quarter. — as of 11 September 2026.
What is Arihant Foundations & Housing Ltd's market cap?
Arihant Foundations & Housing Ltd's market capitalisation is ₹964 Cr at a share price of ₹938. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Arihant Foundations & Housing Ltd's P/E ratio?
Arihant Foundations & Housing Ltd trades at a P/E of 14.1×, at the 45th percentile of its own 11-year range, against a long-run median of 14.7×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Arihant Foundations & Housing Ltd pay a dividend?
Not in its latest year — Arihant Foundations & Housing Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 1 of its last 13 reported fiscal years, so there is a history but no current dividend. — as of 11 September 2026.
Is Arihant Foundations & Housing Ltd overvalued?
On its own history, Arihant Foundations & Housing Ltd looks mid-range: its P/E of 14.1× sits at the 45th percentile of its 11-year range (long-run median 14.7×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Arihant Foundations & Housing Ltd growing?
Yes — Arihant Foundations & Housing Ltd is growing: latest-quarter revenue +61.4% year on year, profit +50.0%, and the margin +1.0 pp at 27.0%. The earnings engine currently reads: improving — as of 11 September 2026.
How is Arihant Foundations & Housing Ltd performing?
Arihant Foundations & Housing Ltd is in a downtrend, 25 weeks in. Its latest quarter's revenue rose 61.4% and profit rose 50.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 8 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Arihant Foundations & Housing Ltd in?
Mixed — growth is normalizing off a hyper-growth base: profit growth has eased from +537.9% at its peak to +38.8% but is still expanding, ROCE holding at 17.0%. The read comes from the last 12 quarters of growth (revenue growth +88.8% latest, profit growth +38.8% latest, eps growth +29.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Arihant Foundations & Housing Ltd in an uptrend?
No — the price is in a downtrend (week 25 of stage 4), trading −4.0% versus its 200-day average and at 34% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Arihant Foundations & Housing Ltd beating the market?
On recent form, yes — Arihant Foundations & Housing Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 8 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +2,174% against the NIFTY 500's +255% — ahead of the index over the full window. — as of 11 September 2026.
Will Arihant Foundations & Housing Ltd's share price go up?
This page publishes no price forecast for Arihant Foundations & Housing Ltd. What it measures instead: the share price is ₹938, the price is in a downtrend 25 weeks in. Its P/E of 14.1× sits at the 45th percentile of its own 11-year range. — as of 11 September 2026.
Who owns Arihant Foundations & Housing Ltd?
Promoters hold 37.3% of Arihant Foundations & Housing Ltd, foreign institutions 0.0%, domestic institutions 1.8% and the public 60.8% (latest quarter). The biggest move on the register over the last two years: Promoters cut 5.6 points over 8 quarters. — as of 11 September 2026.
Does Arihant Foundations & Housing Ltd have too much debt?
It carries real leverage — Arihant Foundations & Housing Ltd's debt-to-equity is 1.08, and operating profit covers the interest bill 4×. FY26 borrowings were ₹400 Cr against equity of ₹371 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.
What is Arihant Foundations & Housing Ltd's capex?
Arihant Foundations & Housing Ltd spent ₹5.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹4.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Arihant Foundations & Housing Ltd's cash flow?
Arihant Foundations & Housing Ltd generated ₹79.0 Cr of operating cash flow in FY26 and ₹75.0 Cr of free cash flow after ₹4.0 Cr of capital spending. Reported profit that year was ₹59.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Arihant Foundations & Housing Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 20% of Arihant Foundations & Housing Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹79.0 Cr against reported profit of ₹59.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Arihant Foundations & Housing Ltd in its business cycle?
Arihant Foundations & Housing Ltd's FY26 operating margin was 23.0%, against a 13-year band of −39.0%–31.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 27.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Arihant Foundations & Housing Ltd's price assume?
At its price on 27 August 2026, Arihant Foundations & Housing Ltd was priced for profit growth of about 6.7% a year. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Arihant Foundations & Housing Ltd story?
The sharpest disagreement: profits are rising, but only 20% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Arihant Foundations & Housing Ltd a stock worth studying right now?
This is not investment advice. The machine read: Arihant Foundations & Housing Ltd's earnings have outrun its stock. EPS grew +38.1% in a year against a −17.6% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!