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Arihant Capital Markets Ltd.

BSE: 511605 Sector: Financials
NSE: ARIHANTCAP ISIN Code: INE420B01028
BSE 16:00 | 24 Sep 136.50 -4.05
(-2.88%)
OPEN

141.90

HIGH

143.85

LOW

136.50

NSE 15:45 | 24 Sep 137.05 -3.20
(-2.28%)
OPEN

141.00

HIGH

142.85

LOW

136.50

OPEN 141.90
PREVIOUS CLOSE 140.55
VOLUME 15633
52-Week high 189.00
52-Week low 50.55
P/E 7.03
Mkt Cap.(Rs cr) 284
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 141.90
CLOSE 140.55
VOLUME 15633
52-Week high 189.00
52-Week low 50.55
P/E 7.03
Mkt Cap.(Rs cr) 284
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Arihant Capital Markets Ltd. (ARIHANTCAP) - Chairman Speech

Company chairman speech

Dear Shareholders

On behalf of Arihant Capital Markets Limited and its Board of Directors I am delightedto present before you the 27th Annual Report of the Company.

The new financial year has started with the Modi government returning to power with athunderous majority voicing an ambitious target to make India a $5 trillion economy by2024. A strong mandate at the Centre makes a strong case for stability and clarity inpolicy outlook and long-term reforms substantiating our theme of Growing India GlowingIndia.

India's economy witnessed a cyclical downturn for the financial year 2019 as GDPcontracted to 6.5% in second half of 2018-19 below its long-term trend of 7%. Consumptiondemand which was the bulwark of the economy had also weakened and private investment didnot show signs of pickup. Default by IL&FS led to significant correction in NBFCs onfears of liquidity concerns and ALM mismatch for some of the NBFCs. Trade war woes andelection uncertainty led to sell o by foreign portfolio investors keeping Dalal Streetnervous & volatile in the beginning of new financial year (2019-20). However as theFed turned dovish & US 10 year bonds started cooling o foreign investors took au-turn reversing sentiments. Despite the roller coaster year overall the benchmark indexNifty 50 delivered positive returns during the financial year 2019 closing at 11623levels up 14.50% YoY ending up with good return to the investors.

Growth is expected to remain weak in the first half of 2020 on weak consumption demandand export income. The rising figures of GST collection and constant growth in direct taxto GDP ratio are welcome for the Indian economy. We expect the in ation framework (lowfood prices and positive real rates) scal consolidation infrastructure spending FDIfocus and strong external a air policies should help revive growth in second half of2019-20. However a below normal monsoon spike in oil prices and global trade disputesare the key risks that could dampen the growth outlook.

I am pleased to inform you that despite the volatility in the markets your Company'stotal income for the year stood at 103.71 crores as compared to 102.44 crores whileprofit after tax was 19.02 crores as compared to 20.66 crores previous year respectively.

Board of Directors have recommended a dividend of 0.75 per share (15%) for the year inline with the growth prospects of the Company.

We remain committed to our vision of servicing clients by o ering the apt financialsolutions and right advice that will help to create value for our investors and customers.In this context we are continuously focusing on expanding our bouquet of financialsolutions and improving our digital o erings to provide a holistic experience. Ourbusiness model is relatively simple. It revolves around the thumb rule that if we treatprospective and existing clients the way we would want to be treated they will choose tobuild a relationship with us and do more business with us.

We have adhered to a deeply held set of principles since our inception and as ownersyou can be con dent that these principles de ne what we do every day at your Company.We're con dent our approach can help people take ownership of their financial future.

Thank you for your ongoing trust and con dence.

Mr Ashok Kumar Jain

.