āagmanLoginNot investment advice. Data and computed figures, for information only.
Northern Arc Capital Ltd
₹285.05
−₹4.50 (−1.55%)
NSE · 15 Oct 2026, close
Market Cap
₹4,554 Cr
CMP
₹285.05
52-wk High / Low
₹334 / 206
P/E
10.4
P/B
1.2
Book Value
₹241.0
Div Yield
0.00%
ROCE
9.7%
ROE
11.0%
Face Value
₹10
D/E
3.15
Price+5.5% over 1Y
āagman read
Computed by āagmanPiotroski F-Score
2
/ 9
2 of 9 F-score tests passed
Graham Number
₹369
√(22.5 × EPS × book value per share)
Cash flow to profit
−3.81
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
11.0%
ROE × earnings retention ratio
ROE stability
1.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Cash-accrual divergence
12.8%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+PE of 10.4x is below the sector median of 20.4x
Watch-outs
−Piotroski F-Score of 2/9 is in the weak band (≤3)
−Balance-sheet accruals of 12.8% of average assets — earnings are not cash-backed
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 401 | 437 | 492 | 564 | 578 | 585 | 576 | 603 | 605 | 627 | 721 | 742 | 780 |
| Expenses | 126 | 154 | 200 | 242 | 246 | 244 | 267 | 367 | 283 | 295 | 354 | 326 | 366 |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 4 | 3 | 5 | 1 | 5 | 1 | 5 | 4 | 2 | 1 | 4 | 3 | 3 |
| Interest | 164 | 174 | 184 | 204 | 209 | 205 | 214 | 200 | 216 | 208 | 231 | 239 | 260 |
| Depreciation | 3 | 4 | 5 | 5 | 4 | 3 | 6 | 5 | 4 | 5 | 5 | 5 | 4 |
| Profit before tax | 112 | 107 | 108 | 114 | 123 | 134 | 94 | 35 | 104 | 121 | 135 | 176 | 153 |
| Net Profit | 91 | 79 | 82 | 86 | 94 | 96 | 73 | 38 | 78 | 91 | 102 | 133 | 114 |
| EPS (₹) | 9.85 | 8.59 | 8.45 | 9.94 | 10.45 | 6.05 | 4.69 | 2.34 | 5.02 | 5.68 | 6.24 | 8.20 | 7.07 |
Profit & Loss
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 370 | 602 | 634 | 682 | 911 | 1,306 | 1,891 | 2,344 | 2,691 | 2,870 |
| Expenses | 96 | 135 | 174 | 255 | 247 | 419 | 739 | 1,120 | 1,247 | 1,341 |
| Operating Profit | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 16 | 0 | 3 | 6 | 5 | 15 | 11 | 10 | 12 |
| Interest | 176 | 303 | 310 | 324 | 411 | 559 | 730 | 832 | 899 | 938 |
| Depreciation | 1 | 5 | 7 | 7 | 10 | 12 | 17 | 18 | 19 | 19 |
| Profit before tax | 97 | 175 | 144 | 100 | 248 | 321 | 420 | 386 | 536 | 584 |
| Net Profit | 64 | 115 | 103 | 77 | 182 | 242 | 318 | 301 | 404 | 439 |
| EPS (₹) | 8.14 | 12.65 | 10.61 | 7.68 | 19.40 | 25.83 | 34.49 | 18.87 | 25.13 | 27.19 |
Balance Sheet
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 78 | 78 | 87 | 88 | 89 | 89 | 89 | 161 | 162 | — |
| Reserves | 397 | 1,014 | 1,336 | 1,412 | 1,568 | 1,784 | 2,142 | 3,273 | 3,734 | — |
| Other Liabilities | 106 | 186 | 170 | 182 | 251 | 381 | 345 | 344 | 591 | — |
| Total Liabilities | 2,945 | 4,279 | 4,597 | 5,696 | 7,973 | 9,371 | 11,707 | 13,638 | 16,745 | — |
| Fixed Assets | 5 | 5 | 25 | 22 | 24 | 51 | 57 | 76 | 65 | — |
| CWIP | 0 | 3 | 1 | 1 | 0 | 1 | 2 | 6 | 16 | — |
| Investments | 1,150 | 1,193 | 1,171 | 1,383 | 1,766 | 1,790 | 1,785 | 2,052 | 2,943 | — |
| Other Assets | 1,789 | 3,077 | 3,400 | 4,291 | 6,183 | 7,529 | 9,863 | 11,504 | 13,720 | — |
| Total Assets | 2,945 | 4,279 | 4,597 | 5,696 | 7,973 | 9,371 | 11,707 | 13,638 | 16,745 | — |
| Borrowing | 2,363 | 3,001 | 3,004 | 4,015 | 6,066 | 7,117 | 9,130 | 9,860 | 12,258 | — |
Cash Flows
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | — | −336 | −54 | −711 | −1,326 | −1,296 | −2,134 | −1,047 | −1,541 |
| Cash from Investing Activity | — | −36 | −26 | −201 | −386 | −115 | 36 | −388 | −851 |
| Cash from Financing Activity | — | 375 | 223 | 977 | 2,028 | 928 | 2,045 | 1,586 | 2,292 |
| Net Cash Flow | — | 4 | 142 | 65 | 317 | −483 | −53 | 151 | −100 |
Ratios
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | — | — | — | — | — | — | — | 9.7 |
| ROE % | 13.0 | 9.0 | 7.0 | 5.0 | 11.0 | 13.0 | 15.0 | 11.0 | 11.0 |
| EPS (₹) | 8.14 | 12.65 | 10.61 | 7.68 | 19.40 | 25.83 | 34.49 | 18.87 | 25.13 |
| Book Value (₹) | — | — | — | — | — | — | — | — | 241.0 |
| Face Value (₹) | — | — | — | — | — | — | — | — | 10 |
| P/E | — | — | — | — | — | — | — | — | 10.4 |
| Div Yield % | — | — | — | — | — | — | — | — | 0.00 |
| NPM % | 17.3 | 18.6 | 16.2 | 11.2 | 19.8 | 18.5 | 16.7 | 12.8 | 15.0 |
| OPM % | — | — | — | — | — | — | — | — | — |
| D/E | 4.97 | 2.75 | 2.11 | 2.68 | 3.66 | 3.80 | 4.09 | 2.87 | 3.15 |
| P/B | — | — | — | — | — | — | — | — | 1.2 |
Growth
Compounded sales growth
5 years+32.0%
3 years+27.0%
TTM+21.0%
Compounded profit growth
5 years+43.0%
3 years+21.0%
TTM+50.0%
Stock price CAGR
Last year+4.0%
Return on equity
5 years12.0%
3 years12.0%
Last year11.0%
Documents
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSCorporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman