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87.83

+0.66 +0.76%

As of 27 Jul 2026 · delayed

NSE Listed

LT-ASM · ASM 1
What does LT-ASM · ASM 1 mean?
BSE · Long Term Additional Surveillance Measure (ASM 1)LT-ASM is the joint SEBI/exchange framework for SUSTAINED abnormal price moves (contrast ST-ASM's 5–15-day spikes). Entry is beta-adjusted price variation versus the Nifty (e.g. 3-month high-low above 150% plus the stock's β × index move) along with client-concentration checks. Stages I–IV escalate from a 5% price band through 100% margin to Trade-for-Trade with an additional surveillance deposit. Practical meaning: the exchange still considers the price action abnormal — tighter bands and elevated margins continue even if another measure (like ESM) has lifted. A stock can sit under LT-ASM on both exchanges via either exchange's shortlisting; it is a preventive cost-of-speculation measure, not an adverse finding against the company.Criteria: High 3-month / 12-month high-low price variation, close-to-close price variation, client concentration, number of price-band hits, market-wide position limit and P/E — applied in graded Stages I–IV with escalating margin and price-band curbs.Exchange notice · 2026-04-22
NSE · Long Term Additional Surveillance Measure (ASM 1)LT-ASM is the joint SEBI/exchange framework for SUSTAINED abnormal price moves (contrast ST-ASM's 5–15-day spikes). Entry is beta-adjusted price variation versus the Nifty (e.g. 3-month high-low above 150% plus the stock's β × index move) along with client-concentration checks. Stages I–IV escalate from a 5% price band through 100% margin to Trade-for-Trade with an additional surveillance deposit. Practical meaning: the exchange still considers the price action abnormal — tighter bands and elevated margins continue even if another measure (like ESM) has lifted. A stock can sit under LT-ASM on both exchanges via either exchange's shortlisting; it is a preventive cost-of-speculation measure, not an adverse finding against the company.Criteria: High 3-month / 12-month high-low price variation, close-to-close price variation, client concentration, number of price-band hits, market-wide position limit and P/E — applied in graded Stages I–IV with escalating margin and price-band curbs.Exchange notice · 2026-07-14

Arfin India Limited (ARFIN)

Volume: 17,62,784Avg Vol 1W: 20,97,195.8Avg Vol 1M: 22,47,609.3552W Range:31.43106.2
Key Ratios
Checked 2d ago
Market Cap₹1,536 Cr
Current Price₹87.83
Previous Close₹87.17
High / Low (52w)₹106.2 / ₹31.43
Volume17,62,784
Avg Vol (1W)20,97,195.8
Avg Vol (1M)22,47,609.35
Stock P/E227.63
Book Value₹10.1
Dividend Yield0.1%
ROE9.1%
ROA4.2%
Revenue (TTM)₹618 Cr
Revenue Growth15.1%
Profit Margin2.2%
Total Debt₹21 Cr
Shares Outstanding17 Cr
Face Value₹1
EPS (TTM)₹0.4
P/B9.02
Debt / Equity0.76
50 DMA₹90.08
200 DMA₹77.79
Day change+0.76%
SurveillanceLT-ASM · ASM 1
Price Chart
87.83 166.23% · 1Y
100331.7Cr
2025-07-30
2026-07-27

20-day avg volume: 22.5L shares

Pros
  • Company is almost debt-free.
  • Revenue grew 18% YoY.
Cons
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 228.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹133 Cr₹149 Cr₹180 Cr₹153 Cr₹109 Cr₹128 Cr₹188 Cr₹193 Cr
EBITDA₹8 Cr₹9 Cr₹10 Cr₹7 Cr₹6 Cr₹9 Cr₹13 Cr₹15 Cr
Net Profit₹3 Cr₹3 Cr₹3 Cr₹1 Cr₹1 Cr₹2 Cr₹5 Cr₹7 Cr
EPS
Profit & Loss (Annual)
MetricSept 2024Dec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹149 Cr₹180 Cr₹618 Cr₹153 Cr₹109 Cr₹128 Cr₹196 Cr₹192 Cr
EBITDA₹9 Cr₹10 Cr₹34 Cr₹7 Cr₹6 Cr₹8 Cr₹13 Cr₹13 Cr
Net Profit₹3 Cr₹3 Cr₹9 Cr₹1 Cr₹1 Cr₹2 Cr₹5 Cr₹6 Cr
EPS0.54
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹199 Cr₹230 Cr₹247 Cr₹267 Cr₹285 Cr₹344 Cr
Total Liabilities₹134 Cr₹161 Cr₹169 Cr₹179 Cr₹189 Cr₹187 Cr
Equity₹65 Cr₹68 Cr₹78 Cr₹88 Cr₹96 Cr₹157 Cr
Total Debt₹7 Cr₹30 Cr₹33 Cr₹31 Cr
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹11 Cr₹11 Cr₹28 Cr₹7 Cr₹-19 Cr
Investing₹0 Cr₹-3 Cr₹-8 Cr₹-4 Cr₹-8 Cr
Financing₹-12 Cr₹-8 Cr₹-14 Cr₹-8 Cr₹30 Cr
Free Cash Flow₹11 Cr₹11 Cr₹28 Cr₹7 Cr₹-19 Cr
Shareholding
Promoter 69.77% Institutions 0.79% Public 29.43%
Efficiency & Working Capital
ROCE13.9%
Interest Coverage1.7
Dividend Payout
Debtor Days27 d
Inventory Days94 d
Payable Days33 d
Cash Conversion Cycle88 d
Working Capital Days121 d
Shareholding Details

As of 2026-06-30

Promoter69.8%
FII0.8%
DII0%
Institutions0.8%
Public29.4%
Promoter Pledge0%
No. of Shareholders13,548
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodApr 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Jul 2025Jul 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters69.8%69.8%69.8%69.8%69.8%69.8%69.8%69.8%69.8%69.8%69.8%69.8%
FIIs2.4%2.4%2.4%2.4%2.4%2.4%2.4%2.4%2.6%2.7%1.5%0.8%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public27.8%27.8%27.8%27.8%27.8%27.8%27.8%27.8%27.6%27.6%28.7%29.4%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders6,4187,1127,9978,3929,3539,0818,9968,9969,86811,01411,97613,548
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Mahendrakumar Rikhavchand ShahShareholding of Promoter and Promoter Group15.2%2.56 Cr
Jatin Mahendrakumar ShahShareholding of Promoter and Promoter Group14.9%2.52 Cr
Pushpaben Mahendrakumar ShahShareholding of Promoter and Promoter Group12.8%2.16 Cr
Rani Jatin ShahShareholding of Promoter and Promoter Group12.6%2.13 Cr
Jfe Shoji India Private LimitedPublic Shareholding5.8%97,98,432
Pooja Mahendrabhai ShahShareholding of Promoter and Promoter Group4.8%80,24,400
Jatin Mahendra ShahShareholding of Promoter and Promoter Group3.9%64,98,000
Krish Jatin ShahShareholding of Promoter and Promoter Group2.1%36,00,000
Mahendrakumar Rikhavchand HufShareholding of Promoter and Promoter Group1.9%32,53,530
Khushbu Mahendrabhai ShahShareholding of Promoter and Promoter Group1%17,22,850
Khwaish Jatin ShahShareholding of Promoter and Promoter Group0.5%9,00,000
Board of Directors
NameDesignationYear
Mahendrakumar Rikhavchand ShahChairman & Wholetime Director2025
Jatin Mahendrakumar ShahManaging Director2025
Pushpa Mahendra ShahExecutive Director2025
Mukesh Kumar ChowdharyIndependent Non Exe. Director2025
Tarachand R. JainIndependent Non Exe. Director2025
Ruchita Rahulkumar NahataIndependent Non Exe. Director2025
Segments — Product
SegmentRevenueShare
Manufacturing and trading of ferrou₹0 Cr
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹1321717
Corporate Actions
TypeDateValueRemark
dividend2025-11-17₹0.11 (11%)Interim
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202500021214
2025000000
202500021012
Insider / Designated-Person Trades

2 recent disclosure(s)

MAHENDRAKUMAR RIKHAVCHAND SHAH RevisedDisposal · 29,626
MAHENDRAKUMAR RIKHAVCHAND SHAHDisposal · 29,626
Substantial Acquisitions (SAST)

1 disclosure(s)

Market02/12/2025 · 29,626
Company Information
Incorporated1992
ChairmanMahendrakumar Rikhavchand Shah
AuditorRaman M Jain & Co
Investor Email[email protected], [email protected]; info@arfi
🌐 www.arfin.co.in

📍 B 302 3rd Floor Pelican House, Nr Nataraj Cinema Ashram Road, Ahmedabad, Gujarat, 380009

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