Arihant Capital Markets Ltd(ARIHANTCAP)

NSE: ARIHANTCAPBSE: 511605

₹ 88.59-1.96%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 971 crNext results: 30 Oct 2026Website: www.arihantcapital.comUpdated: 24 Oct 2026

About

Arihant Capital Markets is an Indian stockbroking and financial services company offering broking, wealth advisory, merchant banking, fixed income, research, and third-party distribution. In FY26 it reported total revenue of ₹206.19 crore, serving over 250,000 clients across 120 cities. Broking and related activities account for 97.3% of segment revenue, with a smaller financing activities segment contributing the remainder.^[1][2][3]

Business segments

Broking & Related Activities: 97.3% of segment revenue (₹202.58 cr) with EBIT margin of 29.2% in FY26.^[3]
Financing Activities: 2.7% of segment revenue (₹5.52 cr) with EBIT margin of 79.4% in FY26.^[3]

Products and services

Service portfolio spans broking, wealth advisory, fixed income, research, merchant banking, and third-party distribution.^[2]
ArihantPlus is the company's trading and investing platform, enhanced with AI-driven portfolio analytics for retail investors.^[2]
TradeBridge is ArihantPlus's dedicated API platform offering a fintech partner facility (B2B) and a client API facility (B2C).^[2]
Arihant Alternate Capital Trust established as a Category III AIF to expand alternative investment offerings.^[4]

Distribution and reach

Physical footprint across 120 cities in India as of FY26.^[2]
Over 250,000 clients served across India as of FY26.^[2]
Team of over 500 employees as of FY26.^[2]
700+ business partners in the distribution network as of Q3 FY25.^[5]

Key operating numbers

Brokerage income fell 17% to ₹103.56 crore in FY26 due to thinner trading volumes.^[2]
Average daily turnover (ADTO) was ₹938 crore in Q3 FY25.^[5]
MTF book stood at ₹151.36 crore and receivables at ₹160.47 crore in Q3 FY25.^[5]
Cash segment accounted for 70.1% of brokerage mix and F&O for 29.1% in Q3 FY25.^[5]
Average revenue per user (ARPU) was ₹7,904 per active client in Q3 FY25.^[5]
Digital revenue share reached 47.8% vs offline 52.2%, with 17,395 average daily logins in Q3 FY25.^[5]

Merchant banking and distribution income

Merchant banking revenue grew from ₹4.63 crore to ₹11.06 crore in FY26 on an active pipeline of SME and mainboard issues.^[2]
Third-party distribution and commission income rose 19.6% to ₹6.58 crore in FY26.^[2]

Technology and platform developments

ArihantPlus became one of the first Indian platforms to support MCP, connecting trading accounts to AI tools including Claude, ChatGPT, and Perplexity.^[2]
Launched AI-powered chatbot for IPO research, AI-based portfolio review, AI-generated stock summaries, and AI-driven instant news.^[2]
Enabled API trading via XTS integration and launched algo trading for Greek-based options strategies.^[2]
40 lakh API calls served per day and 1.67 lakh app installs as of Q3 FY25.^[5]

Recent corporate developments

Sold wholly owned subsidiary Arihant Insurance Broking Services Limited in October 2024.^[4]
Incorporated new wholly owned subsidiary Arihant Elite Financial Solutions Limited in March 2025.^[4]
Debt-to-equity ratio raised from 0.25 to 0.54 in FY26 to support expanding margin trading and lending business.^[2]

Market Cap

₹971 Cr

High / Low

₹120 / 58

Stock P/E

23.3

Price / Book

2.2

Book Value

₹40

EPS

₹2.9

No. of Shares

10.96 Cr

ROE

7.6%

Sales

₹206 Cr

Net Profit

₹31 Cr

Promoter holding

67.7%

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Arihant Capital Markets Ltd(ARIHANTCAP)

About

Business segments

Products and services

Distribution and reach

Key operating numbers

Merchant banking and distribution income

Technology and platform developments

Recent corporate developments

Signal history

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