Arisinfra Solutions Ltd(ARIS)

NSE: ARISBSE: 544419

₹ 131-2.67%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1,072 crWebsite: www.arisinfra.comUpdated: 24 Oct 2026

About

Arisinfra Solutions Ltd is a technology-enabled construction materials procurement and services platform that supplies aggregates, asphalt, steel, cement and related products to real estate developers and EPC contractors across India. In FY26 the company reported revenue of ₹1,068 Cr (+39% YoY), operating across three business lines: B2B trade supply, contract manufacturing, and development-as-a-service (DaaS). Contract manufacturing became the single largest segment at 53% of revenue by Q1 FY27, with reserved capacity of 9 mn MT/year across partner plants.^[1]

Business segments

B2B trade supply (spot and repeat material orders): share of revenue compressing as contract manufacturing grows; combined CM + DaaS reached 63% of revenue in Q1 FY27 vs ~46% a year ago.^[2]
DaaS / development management services (fee-based project management for developers): ~10% of revenue in Q1 FY27; INR 28 cr revenue that quarter.^[2]
Asphalt (new category launched Q3 FY26): INR 53 cr revenue in Q1 FY27, up from INR 30 cr in Q4 FY26, with 38 active customers vs 28 in the prior quarter.^[2]
Revenue mix shift since FY23: Aggregates & Asphalt rose from 24% to 43% of FY26 revenue; Steel & Cement fell from 39% to 13%; Services stable at 9%.^[1]

Products and platform

As of FY25, materials covered include aggregates, RMC, walling solutions, chemicals, steel, cement, tiles, electricals and plumbing.^[3]
In FY25, higher-margin materials (aggregates, RMC, chemicals, blocks and others) made up over 80% of revenue; RMC revenue was ₹1,848.8 Mn.^[3]
Cara AI is the company's in-house analytics and decision-support engine for procurement, vendor allocation, credit and pricing (FY25 annual report).^[3]
ArisCloud / ArisGPT technology platform processes 800 deliveries/day and digitised 6.5 lakh documents in FY26 using AI-driven challan recognition.^[1]

Operations and capacity

Reserved contract manufacturing capacity: 9 mn MT/year across 15 partner plants as of Q1 FY27 (vs 3.5 million tonnes across 9 plants in FY25); utilisation 65 - 70% in Q1 FY27, up from 50% in Q4 FY26 and 39% in Q4 FY25.^[2][3]
Materials delivered: 8.65 lakh MT in Q1 FY27; 11.29 lakh MT in Q4 FY26 (+91% YoY for that quarter); 5.4 million metric tonnes in FY25.^[2][3]
Asphalt operations run through subsidiary Buildmex-Infra, whose revenue grew from ₹17.93 cr (FY24) to ₹179.03 cr (FY26).^[4]
In FY25 it engaged 1,838 vendors, 96% of them SMEs making up 87% of purchases; top 10 vendors accounted for 45% of purchases.^[3]
Workforce of 257 as of March 31, 2025.^[3]

Key operating numbers

DaaS GDV under execution: INR 1,800+ cr across 10 active projects spanning 2.53 mn sq ft in Q1 FY27, up from INR 1,250 cr at FY26 year-end.^[2]
Repeat order rate: 82% in Q1 FY27, up from 78% in Q4 FY26.^[2]
Net working capital days: 56 days at June 2026, down from 66 days at March 2026 and ~97 days a year earlier.^[2]
Daily dispatches: 792 in Q2 FY26 (+30% YoY); active customers 2,982 in Q2 FY26 (+17% YoY), rising to 3,133+ by Q3 FY26.^[5]
Services segment EBITDA margin: 55 - 60% as of Q3 FY26.^[6]

Customers and distribution

Top 5 clients contributed 42% of revenue as of Q3 FY26; customer base stood at 3,133+ at the same date.^[6]
Five-year supply contract signed with Capacite Infraprojects worth ~₹800 Cr; management cites >₹6,000 Cr of five-year revenue predictability including offtake capacity and DaaS fees.^[1]
Integrated order book ~₹850 cr as of Q2 FY26 (~₹700 cr material supply and ~₹150 - 160 cr fee income).^[5]
Geographic mix in FY25: Maharashtra 54%, Tamil Nadu 29%, Karnataka 11%; deliveries to over 1,000 PIN codes.^[3]
Mumbai and Chennai are primary markets as of Q2 FY26; company exploring aggregate tie-ups for northern India expansion.^[5]

Expansion and capex

Contract manufacturing capacity expansion from 9 mn MT to ~11 mn MT planned within two quarters from Q1 FY27, adding 2 - 3 mn MT of stone aggregate capacity in Tamil Nadu at near-zero incremental capex.^[2]
New category expansion planned into tiles, CP fittings, sanitaryware, electricals, and plumbing (Q1 FY27 call).^[2]
DaaS geographic expansion targeting Bangalore, Chennai, and Hyderabad.^[2]
Vendor and customer capacity deposits planned to increase by ₹25 - 50 Cr in FY27.^[1]

Recent developments

October 8, 2026: NCLT admitted the first motion application for a scheme of amalgamation between Arisunitern Re Solutions Private Limited and Arisinfra Solutions Limited.^[7]
September 29, 2026: Subsidiary Unitern secured a second DaaS mandate from Transcon Group (Transcon UNO, Kalina, Mumbai) worth ₹400 Cr GDV, lifting total DaaS mandates to over ₹2,500 Cr.^[8]
September 28, 2026: ARIS acquired an additional 16% stake in subsidiary Buildmex-Infra for ₹60 crore, raising its total holding to 92%.^[4]
Q1 FY27: New DaaS mandate worth ₹650 cr secured from Wadhwa Group in Mumbai.^[2]
June 25, 2025: Completed its IPO and listed on the stock exchanges.^[3]

Market Cap

₹1,072 Cr

High / Low

₹159 / 82

Stock P/E

16.1

Price / Book

1.4

Book Value

₹90

EPS

₹6.5

No. of Shares

8.18 Cr

ROCE

15.5%

ROE

10.9%

OPM

10.1%

Debt / Equity

0.07

Sales

₹1,067 Cr

Net Profit

₹60 Cr

Promoter holding

39.7%

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