Arthneeti

Northern Arc Capital Q1 FY27 Share Price & Earnings Call Analysis

₹266.30+4.41% today
Market cap
₹4,314 Cr
P/E
9.83
ROE
11.08%
PEG
0.46
Price to sales
1.50
Debt to equity
3.15
52W high / low
₹325 / ₹207
Sales growth (5Y)
31.59%
EBITDA margin
53.28%
Net profit margin
15.00%
Sales (last year)
₹2,870 Cr

Founded in 2009, Northern Arc Capital Limited offers retail loans to underserved households and businesses in India.[1]

Guidance scorecard · Q1 FY27 call

What Northern Arc Capital Ltd's management guided
and where it ranks in Finance

#10of 59 in
Finance
Revenue20–40%MarginsUp 0–2%CapexPlannedFundraisingNone plannedOrder bookRising

RevenueQ1 FY27 call

20–40%
  • Northern Arc Capital aims for calibrated growth in its credit solution business and focused growth in direct-to-customer (D2C) segments across MSME, consumer, and rural sectors.
  • Direct-to-customer AUM crossed INR 10,000 crores, growing over 50% YoY, now contributing 64% of total AUM.
  • Overall AUM grew 26% YoY to INR 16,855 crores, outpacing industry growth.
  • MSME finance expanded by 40% YoY; rural finance saw a 26% YoY increase with highest-ever quarterly disbursement.
  • Consumer finance within D2C is growing robustly, supported by 19 live partners with FLDG cover.
  • The fintech lending/credit solution business with digital partners is expected to continue growing steadily without credit cost deterioration.
  • Board emphasizes sustainable growth, with ability to dial-up or dial-down quickly as per cohort performance.

2 more points from Northern Arc Capital Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Northern Arc Capital Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Northern Arc Capital is focused on calibrated growth rather than aggressive expansion, particularly in the credit solution business and direct-to-customer segments (MSME, consumer, rural).
  • The company has added about 250 people between LAP and MFI verticals in Q1 to drive productivity and sales per branch.
  • They plan to add 50-60 branches this year to scale up their brick-and-mortar presence.
  • Opex guidance is maintained at around 3.6%, investing in building capacity and increasing sales productivity.

2 more points from Northern Arc Capital Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

See what Northern Arc Capital Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • The focus is on calibrated growth in credit solutions and direct-to-customer businesses across MSME, consumer, and rural sectors.
  • The company emphasizes a long-term commitment and embedded partnership model rather than short-term orders or pipelines.
  • They highlight a strong pipeline in placement and funds management businesses, expecting a strong Q2 and Q3.
  • The transcript mentions expansions in the direct-to-customer portfolio, surpassing INR 10,000 crores AUM, with increasing digital partnerships.
Full Q1 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Northern Arc Capital Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,742 Cr71.8
240%+Up 2%+₹464 Cr23.9
340%+Up 0–2%₹961 Cr32.7
440%+Flat₹23,820 Cr21.1
540%+Flat₹16,498 Cr72.4
640%+Flat₹15,549 Cr—

Sign up free to see every company in the sector ranking and track Northern Arc Capital Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Finance ranking

Financials of Northern Arc Capital Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Northern Arc Capital Ltd

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue +401437492564578585576603605627721742
Interest164174184204209205214200216208231239
Expenses +126154200242246244267367283295354326
Financing Profit1111081081181231369536106125136177
Financing Margin %28%25%22%21%21%23%17%6%18%20%19%24%
Other Income +435151542143
Depreciation345543654555
Profit before tax1121071081141231349435104121135176
Tax %19%26%24%25%24%28%22%-10%25%25%24%24%
Net Profit +91798286949673387891102133
EPS in Rs9.858.598.459.9410.456.054.692.345.025.686.248.20
Gross NPA %
Net NPA %

Financials of Northern Arc Capital Ltd

Profit & Loss

Annual income statement trend

Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue +3706026346829111,3061,8912,3442,690
Interest176303310324411559730832895
Expenses +961351742552474197391,1201,251
Financing Profit98164151103252329422392544
Financing Margin %26%27%24%15%28%25%22%17%20%
Other Income +0160365151110
Depreciation15771012171819
Profit before tax97175144100248321420386536
Tax %34%34%29%23%27%25%24%22%25%
Net Profit +6411510377182242318301404
EPS in Rs8.1412.6510.617.6819.4025.8334.4918.8725.13
Dividend Payout %0%0%0%0%0%0%0%0%0%

Financials of Northern Arc Capital Ltd

Balance Sheet

Capital structure and asset base

Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital78788788898989161162
Reserves3971,0141,3361,4121,5681,7842,1423,2733,734
Borrowing2,3633,0013,0044,0156,0667,1179,1309,86012,258
Other Liabilities +106186170182251381345344591
Total Liabilities2,9454,2794,5975,6967,9739,37111,70713,63816,745
Fixed Assets +5525222451577681
CWIP031101260
Investments1,1501,1931,1711,3831,7661,7901,7852,0522,943
Other Assets +1,7893,0773,4004,2916,1837,5299,86311,50413,720
Total Assets2,9454,2794,5975,6967,9739,37111,70713,63816,745

Financials of Northern Arc Capital Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-336-54-711-1,326-1,296-2,134-1,047-1,541
Cash from Investing Activity +-36-26-201-386-11536-388-851
Cash from Financing Activity +3752239772,0289282,0451,5862,292
Net Cash Flow414265317-483-53151-100
Free Cash Flow-343-65-715-1,338-1,285-2,148-1,065-1,556
CFO/OP-59%1%-158%-191%-136%-177%-77%-96%

Financials of Northern Arc Capital Ltd

Ratios

Working capital efficiency and return ratios

Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %13%9%7%5%11%13%15%11%11%

Guidance history

How Northern Arc Capital Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%Up 0–2%PlannedNone plannedRising
Q4 FY26 call →20–40%FlatPlannedPlanned—
Q3 FY26 call →20–40%Up 0–2%PlannedPlanned—
Q2 FY26 call →20–40%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

26out of 100

Momentum score · price trend

26 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−3.7%57%
Last 6 months−1.1%53%
Last 3 months−11.7%39%

The price is 21.6% below its all-time high of ₹325.3 (10 Jul 2026). Stocks more than 20% below their peak have their score halved, so 52 became 26.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Northern Arc Capital Ltd: 0.4 × 57 + 0.4 × 53 + 0.2 × 39 = 52, halved to 26 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Northern Arc Capital Ltd's management said in earlier quarters

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