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← CockpitCompetitor Analysis › NORTHARC.NS Northern Arc Capital Ltd.Open in the cockpit ↗

Northern Arc Capital Ltd.NORTHARC.NSCompetitor analysis, valuation and peers

India · INR·Financials›Finance/Rental/Leasing
Momentum strong 60
Mkt cap
$487M
US dollars, full cap
Free float
50%
of shares outstanding
$/day
$2.22M
20-day average traded
P/B
1.09×
price to book
ROE
12.1%
delivered
Implied ROE
20.4%
what the price asks
Next earnings
117 days
3 Mar 2027
Close · INR₹284.55
1D+1.2%
1W+12.6%
1M-3.1%
3M+1.5%
6M0.0%
YTD+14.1%
1Y+5.2%
ATR %4.2%
Beta1.09
52w lowhigh14.8% off high

What Northern Arc Capital does

Employees: 1,126

Northern Arc Capital at a glance

Size Northern Arc Capital (NORTHARC.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $487M, the 850th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹284.55 on 6 Nov 2026.

Performance Over six months the shares was unchanged, against -5.1% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 20 in its peer set.

Growth Revenue grew 28.5% over the last twelve months (peer median +4.9%); the operating margin is 34.7% (peer median 13.4%).

Valuation It trades at 1.09× book value against a peer median of 1.20× (10th cheapest of 20).

Price implies The share price implies a return on equity of about 20.4%; Northern Arc Capital delivers 12.1%, so the price asks more than the business earns today.

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 100NORTHARC.NS 99
Six months, rebased to 100: Northern Arc Capital against the median of its 20 peers (local-currency closes).

Northern Arc Capital financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹31.1B₹27.1B₹23.5B₹19.0B₹13.2B
Revenue growth—+15%+23%+44%—
Gross profit₹16.9B₹23.8B₹20.4B₹16.6B₹11.7B
EBITDA₹11.0B₹18.8B₹16.5B₹12.9B₹9.19B
Net income₹4.77B₹4.06B₹3.05B₹3.08B₹2.30B
Free cash flown/a₹19.1B₹18.9B₹16.0B₹7.70B
Capital expendituren/a₹151M₹181M₹137M₹0
Total debt₹141B₹123B₹98.9B₹90.6B₹70.5B

Quarterly statements and history in the cockpit →

Northern Arc Capital competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%+20%+40%C795UFMASFIN0900EHLTREEOPRTGSY6003182598OPFIGLJDLCGKRAQPPM8508HTZNORTHARC.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Northern Arc Capital is the large dot.

Fundamentals: return on equity against price-to-book

-40%-20%0%20%40%00×50×C795UFMASFIN0900EHLTREEGSY600318OPFIGLJDLCGNORTHARC.NSReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Northern Arc Capital is the large dot.

Capital: ROE delivered against the ROE the price implies

0%50%100%0%50%100%C795UFMASFIN0900EHLTREEOPRTGSY600318OPFIDLCGNORTHARC.NSROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Northern Arc Capital is the large dot.

Northern Arc Capital competitors and peer comparison

How Northern Arc Capital compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Northern Arc Capital against its 20 peers (data as of 6 Nov 2026)
MeasureNORTHARC.NSPeer medianRank in peer set
1-month return-3.1%-0.2%8th lowest of 21
6-month return0.0%-5.1%8th highest of 20
Return on equity12.1%9.1%7th highest of 18
Price / book1.09×1.20×10th cheapest of 20
Trailing P/E9.7×8.5×8th most expensive of 17
ROE the price implies20.4%8.2%6th most demanding of 20
ROE delivered12.1%9.1%7th highest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Northern Arc Capital NORTHARC.NSIndia$487M0%+28%12%1.09×20.4%12.1%
Chrysos C79.AXAustralia$501M0%-9%1%3.65×38.0%0.9%
Aspial Lifestyle 5UF.SISingapore$470M-32%+32%31%1.40×6.8%30.6%
MAS Financial Services MASFIN.NSIndia$512M-24%+23%14%1.50×18.8%13.8%
AEON Credit Service (Asia) 0900.HKHong Kong$463M+2%+4%11%0.79×4.8%11.0%
Emeco EHL.AXAustralia$458M+23%+1%10%0.84×8.2%10.2%
LendingTree TREEUnited States$520M-5%+23%51%2.05×27.3%51.4%
Oportun Financial OPRTUnited States$520M+97%0%9%1.20×13.0%9.1%
goeasy GSY.TOCanada$522M+39%+5%-34%0.92×9.6%-34.0%
Anhui Xinli Finance 600318.SSChina$452M-22%+16%3%2.82×36.0%2.7%
Lianlian DigiTech 2598.HKHong Kong$452M-49%+118%6%0.98×6.4%5.7%
OppFi OPFIUnited States$526M-34%+6%38%9.07×108.9%38.4%
Grenke GLJ.DEGermany$535M-21%+14%6%0.40×5.8%6.2%
Dominion Lending Centres, Inc. (Canada) DLCG.TOCanada$439M-17%+4%16%4.44×31.0%16.2%
Idea Acquisition IACOUnited States$438Mn/an/an/a1.28×7.3%n/a
KRAKacquisition KRAQUnited States$432M+1%n/an/a1.31×7.4%n/a
NEC Capital Solutions 8793.TJapan$550M-1%+27%8%0.63×4.8%8.5%
Pepper Money PPM.AXAustralia$553M+6%-1%13%0.90×13.1%13.0%
J Trust 8508.TJapan$563M+7%+4%9%0.59×5.4%9.1%
BFF Bank BFF.MIItaly$417M-21%-18%2%0.47×8.2%2.3%
Hertz Global HTZUnited States$585M-64%+3%n/an/an/an/a

Questions

Which companies are Northern Arc Capital's closest peers?
The cockpit's peer set: Chrysos (C79.AX), Aspial Lifestyle (5UF.SI), MAS Financial Services (MASFIN.NS), AEON Credit Service (Asia) (0900.HK), Emeco (EHL.AX), LendingTree (TREE), Oportun Financial (OPRT), goeasy (GSY.TO).
Is Northern Arc Capital expensive compared with its peers?
On price / book it trades at 1.09× against a peer median of 1.20×, 10th cheapest of 20 in its peer set. The share price implies a return on equity of about 20.4%; Northern Arc Capital delivers 12.1%, so the price asks more than the business earns today.
How has Northern Arc Capital stock performed?
Over six months to 6 Nov 2026 the shares returned 0.0% against -5.1% for the median peer; over one year +5.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.