IPO Watch provides information about IPOs, including upcoming IPOs, grey market premiums, and subscription statuses. The information is based on research and market demand.

IPO Watch

Arihant Capital Markets Limited, together with its subsidiaries, provides various financial products and services primarily in India. Its products include equities and derivatives broking; commodities and currency broking; mutual funds, IPOs, and NPS services; capital markets, corporate finance, strategic advisory, valuation, and specialized services; general and life insurance; depository services; loans against shares; and portfolio management and advisory services. The company also invests in asset classes and platforms. It serves retail, high net worth individuals, domestic and foreign financial institutions, and corporate clients. The company was incorporated in 1992 and is headquartered in Indore, India.

Arihant Capital Markets Limited

Swastika Investmart Ltd. engages in the provision of security and commodity brokerage services. The firm offers services such as stock broking, currency broking, depository services, portfolio management and investment advisory and merchant banking. It operates through the following segments: Broking and Related Activities and Financing Activities. The company was founded by Sunil Nyati in 1992 and is headquartered in Indore, India.

Metric
Company Name	IPO Watch	Arihant Capital Markets Limited	Swastika Investmart Limited
Symbol		ARIHANTCAP	SWASTIKA
MSH ID	IN:IPOWATCH	COM:ARIHANTCAPITAL	IN:CO:SWASTIKA
Market	PRIVATE	STOCKS	STOCKS
Sector	Financial Services & Finance	Financial Services	Financial Services
Industry	Investment Services	Financial - Capital Markets	Investment - Banking & Investment Services
Country	IN	IN	IN
Stage
Employee Count		292	658
Website	ipowatch.in	arihantcapital.com	swastika.co.in
LinkedIn			swastika-investmart-limited
Founders

Metric
Market Cap	86.62M	27.56M
Enterprise Value
Monthly Web Traffic	16.42K
Web Traffic Growth	0.23
Valuation
Raised Capital

Metric
Revenue	27.82M	13.54M
Revenue (LTM)
Revenue (NTM)
Gross Profit	17.96M	7.94M
EBITDA	10.99M	2.35M
Operating Income	10.71M	2.20M
Net Income	8.32M	1.45M
EPS	0.08	0.49
Diluted EPS	0.08	0.49
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.47	0.47
Operating Profit Margin	0.37	0.35
EBITDA Margin	0.40	0.17
Net Profit Margin	0.48	0.14
Return on Equity	0.36	0.30
Return on Assets	0.10	0.05
Return on Capital Employed	0.15	0.23

IN:IPOWATCH

IPO Watch

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	23.08	18.33
P/B Ratio	2.93
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	7.02	2.75
EV Multiple	84.77	21.30

Metric
Days Sales Outstanding
Days Payables Outstanding	1.27K
Days Inventory Outstanding		6.60
Operating Cycle	241.24	96.22
Cash Conversion Cycle	241.24	96.22
Asset Turnover	0.25	0.35

Metric
Operating Cash Flow	33.18M	-1.42M
Free Cash Flow	32.82M	-1.58M
Cash Flow to Debt	0.05	0.65
Operating Cash Flow/Sales	0.05	0.10
Free Cash Flow Yield		0.05

Metric
Cash & Equivalents	47.86M	27.28M
Accounts Receivable	9.03M	-856.83K
Inventory		140.89K
Goodwill
Debt to Capitalization	0.24	0.26
Debt to Assets	0.16
Current Ratio	2.24
Quick Ratio	2.99	1.94

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue		0.26