WEBSITE BSE:531179 NSE: ARMAN FIN Inc. Year: 1992 Industry: Finance - NBFC My Bucket: Add Stock
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Arman Financial Services Ltd (AFSL) is an totally India-based holding organization. The Company is a NBFC. The Company is an asset finance corporation (AFC), that's engaged in imparting microfinance and financing the purchase of two- and three-wheelers. The Company offers finance for diverse models of bikes, mopeds, scooterettes and scooters of Hero, Honda, Bajaj, TVS, HMSI, Suzuki, Yamaha and Royal Enfield. AFSL also affords mortgage for rickshaws. The Company operates its microfinance commercial enterprise from approximately fifty five branch...Read More
Arman Financial Services Ltd (AFSL) is an totally India-based holding organization. The Company is a NBFC. The Company is an asset finance corporation (AFC), that's engaged in imparting microfinance and financing the purchase of two- and three-wheelers. The Company offers finance for diverse models of bikes, mopeds, scooterettes and scooters of Hero, Honda, Bajaj, TVS, HMSI, Suzuki, Yamaha and Royal Enfield. AFSL also affords mortgage for rickshaws. The Company operates its microfinance commercial enterprise from approximately fifty five branches and its two-wheeler business from over 5 branches. It's branches are located in Kalol, Kadi, Mehsana, Sabarkantha, Ahmedabad, Gandhinagar, Palanpur, Vadodara, Kheda, Anand, Sevalia, Indore and Tarapur. The Company makes funding in IT infrastructure. The Company's subsidiary is Namra Finance Ltd. ...Read Less
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Market Cap ₹1570 Cr.
Stock P/E 30.1
P/B 1.8
Current Price ₹1493.2
Book Value ₹ 850.6
Face Value 10
52W High ₹1850
Dividend Yield 0%
52W Low ₹ 1256.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 160 | 169 | 183 | 184 | 181 | 165 | 199 | 151 | 159 | 160 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 160 | 169 | 183 | 184 | 181 | 165 | 199 | 151 | 159 | 160 |
| Total Expenditure | 34 | 42 | 55 | 78 | 93 | 114 | 134 | 110 | 91 | 80 |
| Operating Profit | 126 | 127 | 128 | 107 | 88 | 51 | 65 | 41 | 68 | 80 |
| Interest Expense | 67 | 71 | 63 | 65 | 65 | 57 | 52 | 52 | 50 | 51 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 58 | 55 | 65 | 41 | 22 | -7 | 13 | -11 | 18 | 29 |
| Provision for Tax | 18 | 13 | 14 | 10 | 7 | 0 | -0 | 3 | 10 | 6 |
| Profit After Tax | 41 | 42 | 51 | 31 | 15 | -7 | 13 | -15 | 8 | 22 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 41 | 42 | 51 | 31 | 15 | -7 | 13 | -15 | 8 | 22 |
| Adjusted Earnings Per Share | 46.9 | 42.9 | 48.5 | 29.9 | 14.6 | -6.9 | 12.2 | -13.9 | 7.6 | 21.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 30 | 41 | 54 | 78 | 139 | 212 | 194 | 235 | 424 | 661 | 730 | 669 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 4 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 30 | 41 | 54 | 79 | 140 | 215 | 196 | 235 | 424 | 662 | 730 | 669 |
| Total Expenditure | 10 | 13 | 21 | 35 | 44 | 72 | 103 | 99 | 126 | 166 | 419 | 415 |
| Operating Profit | 20 | 28 | 33 | 44 | 96 | 143 | 93 | 136 | 298 | 495 | 311 | 254 |
| Interest Expense | 11 | 15 | 23 | 34 | 59 | 88 | 80 | 90 | 172 | 266 | 240 | 205 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 0 |
| Profit Before Tax | 9 | 12 | 10 | 10 | 36 | 54 | 12 | 46 | 125 | 228 | 69 | 49 |
| Provision for Tax | 3 | 4 | 4 | 2 | 10 | 12 | 1 | 14 | 31 | 55 | 17 | 19 |
| Profit After Tax | 6 | 8 | 6 | 7 | 26 | 42 | 11 | 32 | 94 | 174 | 52 | 28 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 6 | 8 | 6 | 7 | 26 | 42 | 11 | 32 | 94 | 174 | 52 | 28 |
| Adjusted Earnings Per Share | 8.9 | 11.3 | 8.2 | 10.3 | 38 | 49.1 | 12.5 | 37.4 | 110.5 | 165.7 | 49.6 | 27 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 10% | 46% | 28% | 38% |
| Operating Profit CAGR | -37% | 32% | 17% | 32% |
| PAT CAGR | -70% | 18% | 4% | 24% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -4% | 1% | 22% | 26% |
| ROE Average | 6% | 23% | 18% | 19% |
| ROCE Average | 13% | 18% | 15% | 16% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 39 | 50 | 56 | 57 | 123 | 172 | 187 | 213 | 366 | 813 | 874 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 22 | 46 | 48 | 222 | 572 | 674 | 662 | 974 | 1429 | 622 | 376 |
| Current Liability | 84 | 112 | 127 | 200 | 73 | 75 | 123 | 81 | 286 | 1248 | 1006 |
| Other Liabilities & Provisions | -0 | -0 | -0 | -0 | -1 | -4 | -12 | -15 | -13 | -15 | -24 |
| Total Liabilities | 146 | 208 | 231 | 478 | 767 | 917 | 960 | 1253 | 2067 | 2668 | 2233 |
| Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2033 | 1684 |
| Investments | 0 | 1 | 2 | 3 | 3 | 3 | 3 | 6 | 19 | 0 | 0 |
| Fixed Assets | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 8 | 31 |
| Other Loans | 14 | 26 | 27 | 77 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Assets | 2 | 7 | 6 | 11 | 0 | 0 | 0 | 0 | 0 | 41 | 32 |
| Current Assets | 128 | 172 | 194 | 385 | 760 | 910 | 953 | 1242 | 2042 | 586 | 486 |
| Total Assets | 146 | 208 | 231 | 478 | 767 | 917 | 960 | 1253 | 2067 | 2668 | 2233 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 13 | 14 | 7 | 17 | 8 | 38 | 58 | 88 | 76 | 26 | 119 |
| Cash Flow from Operating Activities | 7 | -1 | 21 | -203 | -221 | -76 | 6 | -281 | -718 | -302 | 493 |
| Cash Flow from Investing Activities | -1 | -7 | -2 | -12 | -1 | 2 | 2 | -2 | -13 | 18 | -49 |
| Cash Flow from Financing Activities | -5 | 1 | -9 | 205 | 252 | 94 | 22 | 270 | 681 | 376 | -495 |
| Net Cash Inflow / Outflow | 1 | -7 | 10 | -9 | 30 | 20 | 30 | -12 | -49 | 92 | -51 |
| Closing Cash & Cash Equivalent | 14 | 7 | 18 | 8 | 38 | 58 | 88 | 76 | 26 | 119 | 68 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 8.89 | 11.31 | 8.19 | 10.27 | 38.02 | 49.13 | 12.51 | 37.36 | 110.47 | 165.67 | 49.64 |
| CEPS(Rs) | 9.24 | 11.81 | 9.56 | 11.07 | 38.71 | 50.08 | 13.46 | 38.48 | 111.83 | 167.03 | 51.35 |
| DPS(Rs) | 1.2 | 1.4 | 1 | 1 | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 56.07 | 65.65 | 73.65 | 82.17 | 175.99 | 203.02 | 219.85 | 250.32 | 430.33 | 769.43 | 822.65 |
| Net Profit Margin | 20.8 | 19.65 | 11.8 | 9.35 | 19.03 | 19.63 | 5.46 | 13.5 | 22.13 | 26.24 | 7.13 |
| Operating Margin | 67.55 | 67.56 | 60.47 | 56.46 | 68.56 | 67.21 | 47.18 | 57.6 | 70.11 | 74.67 | 42.33 |
| PBT Margin | 31.28 | 29.75 | 18.42 | 12.55 | 26.08 | 25.43 | 6.05 | 19.37 | 29.48 | 34.48 | 9.46 |
| ROA(%) | 4.68 | 4.52 | 2.88 | 2.06 | 4.24 | 4.93 | 1.13 | 2.87 | 5.65 | 7.33 | 2.13 |
| ROE(%) | 16.98 | 18.98 | 13.11 | 13.52 | 29.49 | 28.25 | 5.93 | 15.89 | 32.46 | 29.63 | 6.24 |
| ROCE(%) | 16.63 | 17.16 | 16.34 | 13.34 | 16.04 | 17.71 | 10.31 | 12.83 | 18.74 | 21.91 | 13.31 |
| Price/Earnings(x) | 13.95 | 12.94 | 22.84 | 29.89 | 10.07 | 8.37 | 48.67 | 26.49 | 12.04 | 11.12 | 26.02 |
| Price/Book(x) | 2.21 | 2.23 | 2.54 | 3.73 | 2.17 | 2.03 | 2.77 | 3.95 | 3.09 | 2.39 | 1.57 |
| Dividend Yield(%) | 0.97 | 0.96 | 0.53 | 0.33 | 0.37 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 5.46 | 5.74 | 4.95 | 7.55 | 5.83 | 4.48 | 5.5 | 7.18 | 5.43 | 4.79 | 3.03 |
| EV/Core EBITDA(x) | 7.99 | 8.44 | 8.11 | 13.26 | 8.46 | 6.63 | 11.56 | 12.38 | 7.72 | 6.4 | 7.12 |
| Interest Earned Growth(%) | 20.95 | 37.47 | 31.65 | 45.61 | 78.08 | 52.26 | -8.11 | 20.91 | 80.38 | 56.04 | 10.37 |
| Net Profit Growth | 35.96 | 29.89 | -20.93 | 15.37 | 262.29 | 57.09 | -74.43 | 198.82 | 195.72 | 85.02 | -70 |
| EPS Growth(%) | 35.96 | 27.25 | -27.59 | 25.3 | 270.33 | 29.23 | -74.54 | 198.71 | 195.7 | 49.98 | -70.04 |
| Interest Coverage(x) % | 1.86 | 1.79 | 1.44 | 1.29 | 1.61 | 1.61 | 1.15 | 1.51 | 1.73 | 1.86 | 1.29 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 23.65 | 22.09 | 22.09 | 22.07 | 22.07 | 22.06 | 22.05 | 22 | 22 | 22 |
| FII | 6.64 | 10.2 | 5.18 | 4.9 | 1.97 | 1.2 | 1.42 | 1.81 | 1.68 | 2.61 |
| DII | 7.66 | 6.29 | 6.16 | 5.03 | 4.51 | 4.92 | 5.08 | 4.83 | 5.03 | 4.18 |
| Public | 62.05 | 61.41 | 66.57 | 68.01 | 71.46 | 71.82 | 71.45 | 71.37 | 71.29 | 71.21 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 |
| FII | 0.06 | 0.11 | 0.05 | 0.05 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 |
| DII | 0.07 | 0.07 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 |
| Public | 0.61 | 0.64 | 0.7 | 0.71 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.98 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 |
* The pros and cons are machine generated.
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