---
title: "Arihant Academy Ltd (ARIHANTACA) — Share Price, Financials & Analysis"
symbol: "ARIHANTACA"
company: "Arihant Academy Ltd"
canonical: "https://tapetide.com/stocks/ARIHANTACA"
isin: "INE0NCC01015"
nse_symbol: "ARIHANTACA"
sector: "Consumer Services"
industry: "Education"
market_cap_cr: 302.76
generated_at: "2026-09-13T18:49:28.865Z"
---

# Arihant Academy Ltd (ARIHANTACA)

Canonical page: https://tapetide.com/stocks/ARIHANTACA

## Company

- **NSE Symbol:** ARIHANTACA
- **ISIN:** INE0NCC01015
- **Sector:** Consumer Services
- **Industry:** Education
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2022-12-29
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** arihantacademy.com

## About

Incorporated in 1998, Arihant Academy Ltd runs premium coaching classes in  Mumbai for SSC, ICSE, CBSE, Science 
& Commerce[1]

## Latest Price

- **Price:** ₹500
- **Change:** +2 (+0.4%)
- **Open:** ₹490
- **Day High:** ₹500
- **Day Low:** ₹490
- **Previous Close:** ₹498
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:43+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:51.707083Z.

- **Market Cap:** ₹302.76 Cr
- **Classification:** SME
- **P/E (reported):** 32.5
- **P/E (TTM):** 32.94
- **EPS (TTM):** ₹15.18
- **Book Value:** ₹55.39
- **Price to Book:** 9.03
- **Dividend Yield:** 0.4%
- **ROE:** 26.94%
- **ROCE:** 36.39%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹64.9 Cr
- **Net Income:** ₹9 Cr
- **EBITDA:** ₹15.5 Cr
- **52-Week High:** ₹555
- **52-Week Low:** ₹385
- **RSI (14):** 59.55

## Tapetide Score

- **Score:** 65 / 100
- **Score date:** 2026-07-23
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 95.8 (of 4267 scored stocks)
- **Confidence:** 94%
- **Data coverage:** 88%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 74.04 | 15% |
| growth | 91.71 | 15% |
| momentum | 69.46 | 15% |
| ownership | 50 | 10% |
| quality | 72.84 | 25% |
| valuation | 30.62 | 20% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 51.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 22.0%

### Weaknesses

- Stock is trading at 9.02 times its book value
- Debtor days have increased from 16.4 to 41.6 days.
- Promoter holding has decreased over last 3 years: -8.26%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 74.62% | 476.54% | — |
| ebitda margin growth | -31.58% | 34.87% | 12.34% | 236.71% |
| net income growth | -33.33% | 104.55% | 66% | 52% |
| revenue growth | 38.51% | 52.71% | 40% | 35% |
| roce | -43.44% | 63.55% | -33.39% | 38.97% |
| roe | -34.04% | 53.85% | 28.48% | 14.06% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2022 | Dec 2022 | Sep 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 12.97 | 5.92 | 21.85 | 10.83 | 11.01 | 9.79 | 8.93 | 17.25 | 15.91 | 13.95 | 15.68 | 19.83 |
| Expenses | 10.79 | 5.17 | 18.57 | 9.71 | 8.84 | 8.03 | 8.39 | 14.89 | 12.63 | 11.39 | 10.43 | 16.71 |
| Operating Profit | 2.18 | 0.75 | 3.28 | 1.12 | 2.17 | 1.76 | 0.54 | 2.36 | 3.28 | 2.56 | 5.25 | 3.12 |
| OPM % | 16.81 | 12.67 | 15.01 | 10.34 | 19.71 | 17.98 | 6.05 | 13.68 | 20.62 | 18.35 | 33.48 | 15.73 |
| Other Income | 0.04 | 0.02 | 0.57 | 0.35 | 0.21 | 0.4 | 1.06 | 0.9 | 0.28 | 0.55 | 0.42 | 0.46 |
| Interest | 0.01 | 0 | 0.01 | 0 | 0.01 | 0 | 0.01 | 0.03 | 0.01 | 0 | 0 | 0 |
| Depreciation | 0.3 | 0.17 | 0.81 | 0.41 | 0.4 | 0.48 | 0.58 | 0.72 | 0.78 | 0.8 | 0.79 | 1.08 |
| Profit before tax | 1.91 | 0.6 | 3.03 | 1.06 | 1.97 | 1.68 | 1.01 | 2.51 | 2.77 | 2.31 | 4.88 | 2.5 |
| Tax % | 24.61 | 25 | 23.1 | 24.53 | 22.34 | 29.76 | 5.94 | 21.91 | 26.35 | 22.94 | 31.76 | 18 |
| Net Profit | 1.42 | 0.46 | 2.32 | 0.79 | 1.53 | 1.17 | 0.95 | 1.96 | 2.05 | 1.77 | 3.32 | 2.05 |
| EPS in Rs | 3.21 | 0.76 | 3.83 | 1.3 | 2.53 | 1.93 | 1.57 | 3.24 | 3.39 | 2.92 | 5.48 | 3.39 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 19.21 | 14.08 | 15.2 | 23.12 | 30.32 | 40.56 | 63.43 | 65.37 |
| Expenses | 17.85 | 11.95 | 12.04 | 20.24 | 28.36 | 34.97 | 49.32 | 51.16 |
| Operating Profit | 1.36 | 2.13 | 3.16 | 2.88 | 1.96 | 5.59 | 14.11 | 14.21 |
| OPM % | 7.08 | 15.13 | 20.79 | 12.46 | 6.46 | 13.78 | 22.24 | 21.74 |
| Other Income | 0.01 | 0.02 | 0.11 | 0.38 | 1.23 | 2.02 | 1.51 | 1.71 |
| Interest | 0.08 | 0.06 | 0.04 | 0.03 | 0.04 | 0.03 | 0.05 | 0.01 |
| Depreciation | 0.64 | 0.58 | 0.53 | 0.91 | 1.36 | 1.87 | 3.1 | 3.45 |
| Profit before tax | 0.65 | 1.51 | 2.7 | 2.32 | 1.79 | 5.71 | 12.47 | 12.46 |
| Tax % | 35.38 | 25.83 | 25.56 | 35.78 | 13.97 | 22.24 | 26.94 | — |
| Net Profit | 0.42 | 1.13 | 2.01 | 1.49 | 1.55 | 4.45 | 9.11 | 9.19 |
| EPS in Rs | 420 | 1130 | 2010 | 2.46 | 2.56 | 7.35 | 15.04 | 15.18 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 39.1 | 13.62 | 13.3 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 6.06 | 6.06 | 6.06 | 6.06 |
| Reserves | 1.78 | 2.9 | 4.92 | 13.6 | 15.15 | 18.99 | 27.49 |
| Borrowings | 0.9 | 0.49 | 1.28 | 0 | 0 | 0 | 0 |
| Other Liabilities | 5.46 | 4.89 | 4.84 | 8.39 | 13.73 | 18.35 | 23.82 |
| Total Liabilities | 8.15 | 8.29 | 11.05 | 28.05 | 34.94 | 43.4 | 57.37 |
| Fixed Assets | 3.17 | 2.91 | 2.67 | 2.28 | 4.97 | 9.93 | 19.68 |
| CWIP | 0 | 0 | 0 | 0 | 0.93 | 2.54 | 3.37 |
| Investments | 0.01 | 0.01 | 0.01 | 0 | 0 | 9.79 | 9.86 |
| Other Assets | 4.97 | 5.37 | 8.37 | 25.77 | 29.04 | 21.14 | 24.46 |
| Total Assets | 8.15 | 8.29 | 11.05 | 28.05 | 34.94 | 43.4 | 57.37 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.09 | 1.81 | 2.06 | -0.03 | 8.25 | 5.91 | 10.39 |
| Cash from Investing Activity | -0.65 | -1.17 | -0.3 | -0.13 | -3.58 | -16.89 | -12.96 |
| Cash from Financing Activity | -0.81 | -0.47 | 0.79 | 12.29 | -0.01 | -0.63 | -0.65 |
| Net Cash Flow | -1.55 | 0.17 | 2.55 | 12.13 | 4.67 | -11.61 | -3.23 |
| Free Cash Flow | -0.74 | 1.5 | 1.76 | -1.34 | 3.28 | -2.54 | -3.29 |
| CFO/OP | 7 | 104 | 87 | 27 | 493 | 131 | 100 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 30.97 | 18.66 | 0 | 6.47 | 0.72 | 6.93 | 41.6 |
| Cash Conversion Cycle | 30.97 | 18.66 | 0 | 6.47 | 0.72 | 6.93 | 41.6 |
| Working Capital Days | -55.48 | -72.59 | -116.46 | -41.52 | -126.52 | -104.12 | -60.19 |
| ROCE % | — | 51.56 | 57.02 | 24.28 | 8.96 | 24.82 | 42.73 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 100% | 73% | 73% | 73% | 67.54% | 67.54% | 66.64% | 64.74% | 64.74% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 21.8% | 20.95% | 21.35% | 26.16% | 21.87% | 21.61% | 20.66% | 21.01% |
| Others | 0% | 5.21% | 6.05% | 5.65% | 6.3% | 10.6% | 11.75% | 14.6% | 14.26% |
| No. of Shareholders | 7 | 7 | 419 | 351 | 467 | 349 | 288 | 370 | 371 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 6 / 1

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 473.12 | Buy |
| EMA (10) | 481.57 | Buy |
| SMA (20) | 472.37 | Buy |
| EMA (20) | 475.85 | Buy |
| SMA (50) | 470.66 | Buy |
| EMA (50) | 472.58 | Buy |
| SMA (100) | 472.33 | Buy |
| EMA (100) | 465.98 | Buy |
| SMA (200) | 443.57 | Buy |
| EMA (200) | 431.23 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 59.59 | Neutral |
| MACD (12,26,9) | 5.38 | Buy |
| Stochastic (14,3,3) | 68.54 | Neutral |
| ADX (14) | 23.2 | Neutral |
| Williams %R (14) | -30.3 | Neutral |
| ATR (14) | 18.46 | High Volatility |
| ROC (12) | 4.17 | Buy |
| Stoch RSI (14) | 86.02 | Sell |
| UO (7,14,28) | 62.89 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - Exchange has sought clarification from Arihant Academy Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Clarification - Financial Results 8 Sep - Exchange has sought clarification from Arihant Academy Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=ARIHANTACA&tabIndex=sme) |
| 31 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after FY2026 results communication. | [Trading Window 31 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after FY2026 results communication.](https://nsearchives.nseindia.com/corporate/ARIHANTACADEMY_31032026162049_TradingWindowClosureIntimatonArihantSigned.pdf) |
| 31 Jul - Arihant Academy opened its 2nd Chembur branch on 31 July 2026. | [General Updates 31 Jul - Arihant Academy opened its 2nd Chembur branch on 31 July 2026.](https://nsearchives.nseindia.com/corporate/ARIHANTACADEMY_31072026174045_Reg_302ndChemburAnnouncementArihantSigned.pdf) |
| 2d - Received Rs.25,47,68,862 tax refund cheque on Feb 13, 2026 following Karnataka HC order. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 2d - Received Rs.25,47,68,862 tax refund cheque on Feb 13, 2026 following Karnataka HC order.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/bc66882c-a26b-4deb-b341-3ba0620167f4.pdf) |
| 2d - NFAC Feb 13, 2026 partially allowed appeals for AY2013-14, AY2014-15 and AY2017-18; refund expected. | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 2d - NFAC Feb 13, 2026 partially allowed appeals for AY2013-14, AY2014-15 and AY2017-18; refund expected.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d06dfb17-acf9-4350-9f3c-276797aeb76a.pdf) |
| 29 June 2026 - Trading window closes from July 1, 2026 until 48 hours after June quarter results. | [Trading Window 29 June 2026 - Trading window closes from July 1, 2026 until 48 hours after June quarter results.](https://nsearchives.nseindia.com/corporate/ARIHANTACADEMY_29062026115743_TradingWindowClosureIntimatonArihantSigned.pdf) |
| 29 December 2025 - 29 Dec 2025: Arihant Academy opened a new Thane (West) study centre, third Thane branch, offering school and competitive coaching. | [Updates 29 December 2025 - 29 Dec 2025: Arihant Academy opened a new Thane (West) study centre, third Thane branch, offering school and competitive coaching.](https://nsearchives.nseindia.com/corporate/ARIHANTACADEMY_29122025191958_Reg30Thane3rdBranchannouncementArihantSigned.pdf) |
| 29 April 2026 - Promoter disclosed no encumbrance on company shares for FY ended 31 March 2026. | [Disclosure under SEBI Takeover Regulations 29 April 2026 - Promoter disclosed no encumbrance on company shares for FY ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/team_sandeshc_15042026114920_Reg7.pdf) |
| 28 May 2026 - Board approved FY26 audited results, 20% final dividend, and 25.5% stake acquisition in Zen Education. | [Outcome of Board Meeting 28 May 2026 - Board approved FY26 audited results, 20% final dividend, and 25.5% stake acquisition in Zen Education.](https://nsearchives.nseindia.com/corporate/ARIHANTACADEMY_28052026141159_OutcomeofBMArihant28052026signed.pdf) |
| 28 May 2026 - Arihant Academy approved FY26 audited results, 20% final dividend, and acquired 25.5% more stake in Zen Education. | [Outcome of Board Meeting 28 May 2026 - Arihant Academy approved FY26 audited results, 20% final dividend, and acquired 25.5% more stake in Zen Education.](https://nsearchives.nseindia.com/corporate/ARIHANTACADEMY_28052026142641_OutcomeofBMARIHANTSIGNEDNEW.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30718_ARIHANTACA_2025_2026_A_24332297_27082026164110.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27535_ARIHANTACA_2024_2025_A_20082025205906.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25048_ARIHANTACA_2023_2024_21082024183428.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22748_ARIHANTACA_2022_2023_14082023172550_08142023180006.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/63157496-e12d-4ab3-8fe4-b3723913d728.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8cab37f9-ca40-4a4a-9f8e-fc34766aa674.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1a0b4de8-8883-4d0c-b761-702598dcf268.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539268/73313539268_07_07_22.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539268/68649539268.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539268/5392680320.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1079630b-6d97-4010-97d3-ac21ababee25.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e94a29db-796d-437a-8301-5f36ef129d50.pdf) |
| Oct 2016 | [Concall - Oct 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=D84789B4_32E7_413C_A111_59B5CD87BB18_144954.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c05c612-e46b-4b47-8828-203d05a4c0ee.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c6e5bd5-1b25-4c29-954e-190adb4f3e26.pdf) |
| Jul 2022 | [Concall - Jul 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf59ead1-9675-47f3-bc8f-ffb46c138aeb.pdf) |
| Jul 2018 | [Concall - Jul 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/7/e00a8551-7742-4327-a5c6-2c28c058d7ee.pdf) |
| Jul 2016 | [Concall - Jul 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C00C2F57_658B_4085_A9B7_E3282744DD0E_152026.pdf) |
| Jan 2024 | [Concall - Jan 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c7ac83b2-1029-4b28-a32e-29692f1300a5.pdf) |
| Jan 2021 | [Concall - Jan 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26fe9359-bccb-4402-8f3c-35aa793affef.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:49:28.865Z.