Any current/future new fundraising through debt or equity?

The company has passed an enabling resolution to raise funds up to Rs. 500 Crores. This resolution is a routine exercise done annually and requires board approval. No specific fundraising details or immediate plans for debt or equity issuance were announced for this amount. The funds raised, whenever utilized, will be for general corporate purposes including new land acquisitions and growth initiatives. The company currently has debt facilities from banks like HDFC Limited, ICICI Bank, ICICI Ventures, and Federal Bank, with varying interest rates depending on fund usage. Net debt sta

Any current/future capex/capital investment/strategic investment?

During Q1 FY23, Arihant Superstructures added 1.2 million square feet to its existing portfolio, increasing its development potential to over 14 million square feet. The new additions correspond to a Gross Development Value (GDV) of Rs. 640 Crores. The company plans to rapidly scale business in the coming quarters focused on value accretive new acquisitions. Arihant aims to increase its construction capacity from 1 million sq.ft. to 2 million sq.ft. by FY24, with a long-term goal to execute 5 million sq.ft. over seven years. Land acquisition remains a key focus with an ongoing strategy to purc

Future growth expectations in sales/revenue/volumes?

Sales booking guidance targets a CAGR of 45% to 50% over FY22 on all sales and revenue parameters. The company plans to scale backlog sales from about 1,600 units in FY22 to around 2,400 units in FY23. Average yearly run rate target is 1,000 to 1,200 units per year for the next 2-3 years. Expected revenue potential from new launches is around Rs.1,100 Crores for the current financial year. Land bank acquisition target is up to 20 million square feet, expanding project launches over the next years. Sales capability is being scaled up to 3 million square feet by FY25; from 1.4 million sold last

Future growth expectations in earnings/operating earnings/profits/EPS?

The company expects a sales CAGR of 45% to 50% from FY22 onwards across sales, revenues, and other parameters. Sales bookings are targeted to scale up from 1,628 units in FY22 to around 2,400 units in FY23, with a value increase from Rs.764 Crores to Rs.1,100 Crores. For FY24-FY25, a sales CAGR of approximately 30% is projected. Construction execution capacity aims to grow from 1 million sq.ft. to 2 million sq.ft. per year by FY24 and eventually 3 million sq.ft. sales are targeted. EBITDA showed a 24.1% YoY growth in Q1 FY23 with margins improving by 313 basis points, indicating operat

Current/ Expected Orderbook/ Pending Orders?

Arihant Superstructures has a launch pipeline with approximately 2,400 units lined up for sale in the next three quarters. Total development potential (GDV) in ongoing and forthcoming projects has crossed 14 million square feet. The company plans to open almost 2 million square feet of area for sale in the current financial year, with estimated revenue potential of around Rs. 1,100 Crores. The total sales value pipeline is around Rs. 7,700 Crores including new launches. Un-launched inventory stands at approximately Rs. 5,300 Crores in revenue, with approvals received for about Rs. 4,000 Crores

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Arihant Superstructures LtdQ2 FY22Realty

Arihant Superstructures Ltd Q2 FY22 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹255P/E: 25.3Market Cap: ₹1.2K CrSector: Realty

Management growth scorecard

Revenue

Category 1

Margin

Category 3

Fundraise

Yes

Order

Yes

Capex

Yes

4 of 5 growth signals are positive — a strong management growth story.

Full analysis

Revenue guidance

Category 1

→Sales booking guidance targets a CAGR of 45% to 50% over FY22 on all sales and revenue parameters.
→The company plans to scale backlog sales from about 1,600 units in FY22 to around 2,400 units in FY23.
→Average yearly run rate target is 1,000 to 1,200 units per year for the next 2-3 years.
→Expected revenue potential from new launches is around Rs.1,100 Crores for the current financial year.
→Land bank acquisition target is up to 20 million square feet, expanding project launches over the next years.
→Sales capability is being scaled up to 3 million square feet by FY25; from 1.4 million sold last year to 1.8-1.9 million in FY23.
→Engineering and sales teams have been significantly expanded to support scaling operations.
→Delivery of first project phases by end FY23 is expected to boost buyer confidence and accelerate sales further.

Margin guidance

Category 3

→The company expects a sales CAGR of 45% to 50% from FY22 onwards across sales, revenues, and other parameters.
→Sales bookings are targeted to scale up from 1,628 units in FY22 to around 2,400 units in FY23, with a value increase from Rs.764 Crores to Rs.1,100 Crores.
→For FY24-FY25, a sales CAGR of approximately 30% is projected.
→Construction execution capacity aims to grow from 1 million sq.ft. to 2 million sq.ft. per year by FY24 and eventually 3 million sq.ft. sales are targeted.
→EBITDA showed a 24.1% YoY growth in Q1 FY23 with margins improving by 313 basis points, indicating operating profit expansion potential.
→PAT improved 29.2% YoY in Q1 FY23, and PAT margins increased by 215 basis points; the company expects margin improvements to continue with scale.
→The board is open to dividends, but reinvestment in growth and acquisitions is currently prioritized.

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Fundraise plans

Yes

→The company has passed an enabling resolution to raise funds up to Rs. 500 Crores.
→This resolution is a routine exercise done annually and requires board approval.
→No specific fundraising details or immediate plans for debt or equity issuance were announced for this amount.
→The funds raised, whenever utilized, will be for general corporate purposes including new land acquisitions and growth initiatives.
→The company currently has debt facilities from banks like HDFC Limited, ICICI Bank, ICICI Ventures, and Federal Bank, with varying interest rates depending on fund usage.
→Net debt stands at Rs. 275 Crores, with Rs. 208 Crores attributable as per shareholding pattern.
→No concrete announcements on fresh fundraising via equity have been made in the transcript.

Order book

Yes

→Arihant Superstructures has a launch pipeline with approximately 2,400 units lined up for sale in the next three quarters.
→Total development potential (GDV) in ongoing and forthcoming projects has crossed 14 million square feet.
→The company plans to open almost 2 million square feet of area for sale in the current financial year, with estimated revenue potential of around Rs. 1,100 Crores.
→The total sales value pipeline is around Rs. 7,700 Crores including new launches.
→Un-launched inventory stands at approximately Rs. 5,300 Crores in revenue, with approvals received for about Rs. 4,000 Crores of that inventory.
→The company intends to execute around 1.5 million square feet per year on average over the next seven years, scaling construction capacity to 2 million square feet annually starting FY24.
→Sales bookings are expected to reach around 1.8 to 1.9 million square feet this year, aiming for 3 million square feet by FY25.
→Deliveries target 1,000 to 1,200 units per year over the next three years.

Capex plans

Yes

→During Q1 FY23, Arihant Superstructures added 1.2 million square feet to its existing portfolio, increasing its development potential to over 14 million square feet.
→The new additions correspond to a Gross Development Value (GDV) of Rs. 640 Crores.
→The company plans to rapidly scale business in the coming quarters focused on value accretive new acquisitions.
→Arihant aims to increase its construction capacity from 1 million sq.ft. to 2 million sq.ft. by FY24, with a long-term goal to execute 5 million sq.ft. over seven years.
→Land acquisition remains a key focus with an ongoing strategy to purchase land parcels ranging from 5 to 20 acres, avoiding large townships.
→The company has set SOPs to onboard teams quickly post land acquisition to expedite project approvals and execution.
→There is no specific mention of strategic investments beyond land acquisition and expanding construction capabilities in the available transcript.

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