Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!

Buy Arihant Superstructures; target of Rs 261: Arihant Capital

Arihant Capital is bullish on Arihant Superstructures has recommended buy rating on the stock with a target price of Rs 261 in its research report dated May 10, 2022.

May 12, 2022 / 07:15 PM IST
  • bselive
  • nselive
Todays L/H

Arihant Capital's research report on Arihant Superstructures

Arihant Superstructures Ltd reported numbers, FY22 revenue stood at INR 331cr (+22.5% YoY) vs INR 270cr. EBITDA stood at INR 70cr (+45.1% YoY), EBITDA Margin expanded to 328bps to 21.1% vs 17.8% in FY21. The EBITDA Margin improvement mainly due to lower raw material cost in terms of sales. In FY22, raw material cost in terms of sales stood at 59.5% vs 67.6% in FY21. The company has taken appropriate price hike measures against raw material cost inflation that leads to better margins. PAT stood at INR 41cr (+162.9% YoY). PAT Margin expanded by 668bps to 12.5% vs 5.8% in FY21. The company has sold 1,628 units (+91% YoY) which is around 13.8 lakh sq.ft (+59% YoY) and achieved sales bookings of INR 764cr (74% YoY). The average realization improved to approx. INR 5,536 per sqft (+20.3% YoY). The collections stood at INR 416.3cr (+45% YoY).


We have a BUY rating at a Target Price of INR 261 per share based on DCF; an upside of 82.8%.


For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

Broker Research
first published: May 12, 2022 07:15 pm
ISO 27001 - BSI Assurance Mark