Arham Technologies Ltd

Arham Technologies Ltd – Company Report


1. Company Overview


Arham Technologies Ltd, incorporated in December 2013 and headquartered in Raipur, Chhattisgarh, is a prominent player in India’s electronics manufacturing sector. The company is best known for manufacturing LED Smart Televisions at its in-house facility and holds a strong position as a preferred Original Equipment Manufacturer (OEM) for several domestic brands. In addition to catering to OEM clients, Arham sells products under its own brand “STARSHINE,” leveraging a robust distribution network across Central and Eastern India. The company’s core philosophy centers on quality, technological innovation, and cost-effective production—serving a growing base of regional brands and end consumers.

  • Incorporated: December 2013
  • Headquarters: Raipur, Chhattisgarh, India
  • Legal Status: Public Limited Company, listed on NSE Emerge
  • Core Focus: Manufacturing, assembly, sales, and after-sales service of consumer electronics
  • Key Markets: Chhattisgarh, Madhya Pradesh, Odisha, Vidarbha, Andhra Pradesh, Uttar Pradesh
  • Employees: Estimated 51–200

2. Products and Services


Arham Technologies Ltd offers a diverse suite of residential electronics and appliances, both under OEM arrangements and its own direct-to-consumer initiatives:

Flagship Products

  • LED Smart Televisions (manufactured at Raipur facility; various screen sizes under STARSHINE brand)
  • Computer Monitors

White Goods & Home Appliances

  • Electrical Fans, Air Coolers, Mixer Grinders, Washing Machines
  • Most non-television products are produced through third-party manufacturers under the STARSHINE label

Business Models

  • OEM Manufacturing: Supplies customized products to clients, who retail them under their own brands
  • Own Brand: Direct marketing and support for STARSHINE via dealer/distributor network and D2C e-commerce (www.starshine.co.in), with products also listed on major online retailers

After-sales Service

  • Comprehensive service network covering multiple states to enhance customer experience and brand value

Distribution & Reach

  • Broad network of dealers and distributors in Central and Eastern India

3. Recent News and Financial Performance


Recent Developments

  • Arham Technologies continues to expand its OEM client base and STARSHINE retail footprint, supported by increased investment in product development and technological upgrades.
  • The company recently launched a D2C e-commerce platform, aiming to strengthen customer connection and brand recall.
  • Market recognition and steady business momentum have established Arham as a significant player among Indian electronics OEMs.

4. Financial Performance (FY2025)


Metric FY2024 FY2025
Revenue from Operations ₹55 Cr ₹70 Cr
Net Profit ₹4.88 Cr ₹7.28 Cr
EBITDA ₹12.68 Cr
Operating Profit Margin (OPM) 18.14%
Earnings Per Share (EPS) ₹4.3
Dividend No dividend declared

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales2.182.18
EV / EBITDA13.8617.75
Debt / Equity0.830.5
ROE %26.4318.36
ROCE %23.6918.84
P / B4.894.54
Div Yld %00.47
P/E20.9531.05
OPM %18.1412.33
Qtr Sales Growth YOY %35.3938.43
Qtr Profit Growth YOY %45.919.48
ROA LAST 12M %12.339.7
Prom. Hold. %72.458.12
Sales 3Yrs CAGR %043.35
Sales 5Yrs CAGR %012.36
Profit 3Yrs CAGR %071.93
Profit 5Yrs CAGR %032.41

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