₹1,921.2
▼ -6.94 -0.36%
As of 27 Jul 2026 · delayed
NSE Listed
Arman Financial Services Ltd. (ARMANFIN)
Volume: 40,012Avg Vol 1W: 30,208.2Avg Vol 1M: 58,806.252W Range:₹1,270₹2,069.2
Key Ratios
Checked 1d agoMarket Cap₹2,100 Cr
Current Price₹1,921.2
Previous Close₹1,928.14
High / Low (52w)₹2,069.2 / ₹1,270
Volume40,012
Avg Vol (1W)30,208.2
Avg Vol (1M)58,806.2
Stock P/E51.14
Book Value₹888.04
Dividend Yield0%
ROE6.1%
ROA2%
Revenue (TTM)₹730 Cr
Revenue Growth9.5%
Profit Margin8.8%
Total Debt₹2 Cr
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹39.06
P/B2.25
Debt / Equity1.9
50 DMA₹1,740.92
200 DMA₹1,618.57
Day change-0.36%
Price Chart
₹1,921.2▲ 17.79% · 1Y
2025-07-292026-07-27
20-day avg volume: 59K shares
Pros
- Company is almost debt-free.
Cons
- Revenue fell 44% YoY.
- Stock trades at a high P/E of 51.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — |
| Net Profit | ₹31 Cr | ₹15 Cr | ₹-7 Cr | ₹13 Cr | ₹-15 Cr | ₹8 Cr | ₹22 Cr | ₹41 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | ₹730 Cr | — | — | — | — |
| EBITDA | — | — | — | ₹69 Cr | — | — | — | — |
| Net Profit | ₹8 Cr | ₹10 Cr | ₹13 Cr | ₹52 Cr | ₹12 Cr | ₹9 Cr | ₹9 Cr | ₹10 Cr |
| EPS | — | — | — | 49.26 | — | — | — | — |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹465 Cr | ₹753 Cr | ₹896 Cr | ₹940 Cr | ₹1,241 Cr | ₹2,038 Cr | ₹2,635 Cr | ₹2,227 Cr |
| Total Liabilities | ₹408 Cr | ₹630 Cr | ₹724 Cr | ₹754 Cr | ₹1,029 Cr | ₹1,672 Cr | ₹1,822 Cr | ₹1,353 Cr |
| Equity | ₹57 Cr | ₹123 Cr | ₹172 Cr | ₹187 Cr | ₹213 Cr | ₹366 Cr | ₹813 Cr | ₹874 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹-199 Cr | ₹-290 Cr | ₹-172 Cr | ₹-94 Cr | ₹-403 Cr | ₹-893 Cr | ₹-574 Cr | ₹151 Cr |
| Investing | ₹-12 Cr | ₹-1 Cr | ₹2 Cr | ₹2 Cr | ₹-2 Cr | ₹-13 Cr | ₹18 Cr | ₹-49 Cr |
| Financing | ₹205 Cr | ₹252 Cr | ₹94 Cr | ₹22 Cr | ₹270 Cr | ₹681 Cr | ₹376 Cr | ₹-495 Cr |
| Free Cash Flow | ₹-199 Cr | ₹-290 Cr | ₹-172 Cr | ₹-94 Cr | ₹-403 Cr | ₹-893 Cr | ₹-574 Cr | ₹151 Cr |
Shareholding
Promoter 22% Institutions 7.94% Public 70.07%
Efficiency & Working Capital
ROCE11.2%
Interest Coverage1.3
Dividend Payout—
Debtor Days0 d
Inventory Days0 d
Payable Days1 d
Cash Conversion Cycle-1 d
Working Capital Days0 d
Shareholding Details
As of 2026-06-30
Promoter22%
FII3.1%
DII4.9%
Institutions7.9%
Public70.1%
Promoter Pledge0%
No. of Shareholders32,079
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 26.6% | 23.7% | 22.1% | 22.1% | 22.1% | 22.1% | 22.1% | 22% | 22% | 22% | 22% | 22% |
| FIIs | 3.9% | 7.3% | 10.2% | 5.2% | 4.9% | 2% | 1.2% | 1.4% | 1.8% | 1.7% | 2.6% | 3.1% |
| DIIs | 0.8% | 6.1% | 6.3% | 6.2% | 5% | 4.5% | 4.9% | 5.1% | 4.8% | 5% | 4.2% | 4.9% |
| Public | 68.8% | 62.9% | 61.4% | 66.6% | 68% | 71.5% | 71.8% | 71.4% | 71.4% | 71.3% | 71.2% | 70.1% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 13,758 | 14,590 | 19,745 | 21,676 | 36,339 | 42,629 | 41,400 | 37,608 | 36,531 | 34,930 | 33,752 | 32,079 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Namra Holdings And Consultancy Services Llp | Shareholding of Promoter and Promoter Group | 9% | 9,48,308 |
| Elevation Capital V Limited | Public Shareholding | 8.1% | 8,50,149 |
| Ritaben Jayendrabhai Patel | Shareholding of Promoter and Promoter Group | 4.2% | 4,36,089 |
| Jayendrabhai Bhailalbhai Patel | Shareholding of Promoter and Promoter Group | 4.1% | 4,27,937 |
| Mukul Mahavir Agrawal | Public Shareholding | 3.8% | 4,00,000 |
| Aalok Jayendrabhai Patel | Shareholding of Promoter and Promoter Group | 2.4% | 2,47,809 |
| Jayendra Bhailal Patel Huf | Shareholding of Promoter and Promoter Group | 1.9% | 1,96,000 |
| Airavat Capital Trust - Airavat Capital Trust Ii | Public Shareholding | 1.8% | 1,88,505 |
| Abhishek Pradeepkumar Bansal | Public Shareholding | 1.1% | 1,15,351 |
| Vinay Jaiprakash Ambekar | Public Shareholding | 1.1% | 1,13,501 |
| Dumt Tradevest | Public Shareholding | 1.1% | 1,10,335 |
| Sajni Aalok Patel | Shareholding of Promoter and Promoter Group | 0.4% | 41,316 |
| Amit Rajnikant Manakiwala | Shareholding of Promoter and Promoter Group | 0.1% | 9,700 |
| Himani Amit Manakiwala | Shareholding of Promoter and Promoter Group | 0.1% | 4,834 |
| Maulik Amit Manakiwala | Shareholding of Promoter and Promoter Group | 0% | 800 |
| Akash Jayendra Patel | Shareholding of Promoter and Promoter Group | 0% | 0 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Alok Prasad | Chairman & Independent Directo | 2025 |
| Jayendra B Patel | Vice Chairman, MD & CEO | 2025 |
| AALOK JAYENDRABHAI PATEL | Joint MD & Executive Director | 2025 |
| Aakash J Patel | Non Executive Director | 2025 |
| Ritaben J Patel | Non Executive Director | 2025 |
| Yash Kaushik Shah | Independent Non Exe. Director | 2025 |
| Pinakin S. Shah | Independent Non Exe. Director | 2025 |
| Geeta Solanki | Independent Non Exe. Director | 2025 |
| Uttambhai Patel | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Financing | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 14 | 10 | 10 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 1,484 | 0 | 0 | 12 | 18 | 1,528 |
| 2025 | 1,472 | 0 | 0 | 10 | 17 | 1,512 |
| 2025 | 8 | 0 | 0 | 2 | 1 | 12 |
Insider / Designated-Person Trades
1 recent disclosure(s)
Amit R. ManakiwalaDisposal · 300
Substantial Acquisitions (SAST)
2 disclosure(s)
Market14/11/2025 · 2,31,430
Market24/09/2025 · 300
Company Information
🌐 www.armanindia.com ↗
📍 502-503 Sakar III, Off Ashram Road Opp Old High S, Ahmedabad, Gujarat, 380014
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