Arman Financial Serv

₹2022 5.6 | 0.3%

WEBSITE BSE:531179 NSE : ARMAN FIN 10 May, 16:01

Market Cap ₹2118 Cr.

Stock P/E 11.3

P/B 2.6

Current Price ₹2022

Book Value ₹ 792.2

Face Value 10

52W High ₹2676.1

Dividend Yield 0%

52W Low ₹ 1402.1

Edit Ratio

Arman Financial Serv Research see more...

Overview Inc. Year: 1992Industry: Finance - NBFC

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.

Arman Financial Serv Share Price

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Peer Comparison

Arman Financial Serv Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	50	58	76	79	93	103	149	150	160	169
Other Income	0	1	0	0	0	0	0	0	0	0
Total Income	51	59	76	79	93	103	149	150	160	169
Total Expenditure	24	24	29	30	30	29	37	35	34	42
Operating Profit	27	35	47	49	63	74	112	114	126	127
Interest Expense	20	25	25	29	36	44	63	64	67	71
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	7	10	22	20	27	29	49	50	58	55
Provision for Tax	3	3	6	4	7	7	13	10	18	13
Profit After Tax	5	7	16	16	20	22	36	40	41	42
Adjustments	0	0	0	0	0	0	0	0	0	-0
Profit After Adjustments	5	7	16	16	20	22	36	40	41	42
Adjusted Earnings Per Share	5.7	8.3	19.2	18.5	23.5	25.9	42.6	47	46.9	42.9

Arman Financial Serv Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	17	24	30	41	54	78	139	212	194	235	424	628
Other Income	0	0	0	0	0	1	1	4	1	0	0	0
Total Income	17	25	30	41	54	79	140	215	196	235	424	628
Total Expenditure	6	9	10	13	21	35	44	72	103	99	126	148
Operating Profit	11	16	20	28	33	44	96	143	93	136	298	479
Interest Expense	6	9	11	15	23	34	59	88	80	90	172	265
Depreciation	0	0	0	0	0	0	0	1	1	1	1	0
Profit Before Tax	5	7	9	12	10	10	36	54	12	46	125	212
Provision for Tax	1	2	3	4	4	2	10	12	1	14	31	54
Profit After Tax	3	5	6	8	6	7	26	42	11	32	94	159
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	3	5	6	8	6	7	26	42	11	32	94	159
Adjusted Earnings Per Share	5.9	6.5	8.9	11.3	8.2	10.3	38	49.1	12.5	37.4	110.5	179.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	80%	26%	40%	38%
Operating Profit CAGR	119%	28%	47%	39%
PAT CAGR	194%	31%	68%	41%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	37%	55%	41%	61%
ROE Average	32%	18%	22%	19%
ROCE Average	19%	14%	15%	16%

Arman Financial Serv Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	23	34	39	50	56	57	123	172	187	213	366
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	6	10	22	46	48	222	572	674	662	974	1429
Current Liability	57	73	84	112	127	200	73	75	123	81	286
Other Liabilities & Provisions	0	0	-0	-0	-0	-0	-1	-4	-12	-15	-13
Total Liabilities	86	117	146	208	231	478	767	917	960	1253	2067
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	1	2	3	3	3	3	6	19
Fixed Assets	1	2	2	2	3	3	4	4	4	5	6
Other Loans	15	11	14	26	27	77	0	0	0	0	0
Other Non Current Assets	1	3	2	7	6	11	0	0	0	0	0
Current Assets	69	102	128	172	194	385	760	910	953	1242	2042
Total Assets	86	117	146	208	231	478	767	917	960	1253	2067

Arman Financial Serv Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	8	6	13	14	7	17	8	38	58	88	76
Cash Flow from Operating Activities	-24	-6	7	-1	21	-203	-221	-76	6	-281	-718
Cash Flow from Investing Activities	0	-2	-1	-7	-2	-12	-1	2	2	-2	-13
Cash Flow from Financing Activities	22	16	-5	1	-9	205	252	94	22	270	681
Net Cash Inflow / Outflow	-2	8	1	-7	10	-9	30	20	30	-12	-49
Closing Cash & Cash Equivalent	6	13	14	7	18	8	38	58	88	76	26

Arman Financial Serv Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	5.92	6.54	8.89	11.31	8.19	10.27	38.02	49.13	12.51	37.36	110.47
CEPS(Rs)	6.11	6.7	9.24	11.81	9.56	11.07	38.71	50.08	13.46	38.48	111.83
DPS(Rs)	0.8	1	1.2	1.4	1	1	1.4	0	0	0	0
Book NAV/Share(Rs)	40	48.68	56.07	65.65	73.65	82.17	175.99	203.02	219.85	250.32	430.33
Net Profit Margin	19.69	18.51	20.8	19.65	11.8	9.35	19.03	19.63	5.46	13.5	22.13
Operating Margin	61.71	64.51	67.55	67.56	60.47	56.46	68.56	67.21	47.18	57.6	70.11
PBT Margin	27.99	27.25	31.28	29.75	18.42	12.55	26.08	25.43	6.05	19.37	29.48
ROA(%)	4.36	4.45	4.68	4.52	2.88	2.06	4.24	4.93	1.13	2.87	5.65
ROE(%)	19.36	16.09	16.98	18.98	13.11	13.52	29.49	28.25	5.93	15.89	32.46
ROCE(%)	15.38	16.71	16.63	17.16	16.34	13.34	16.04	17.71	10.31	12.83	18.74
Price/Earnings(x)	4.79	2.97	13.95	12.94	22.84	29.89	10.07	8.37	48.67	26.49	12.04
Price/Book(x)	0.71	0.4	2.21	2.23	2.54	3.73	2.17	2.03	2.77	3.95	3.09
Dividend Yield(%)	2.82	5.15	0.97	0.96	0.53	0.33	0.37	0	0	0	0
EV/Net Sales(x)	3.9	2.99	5.46	5.74	4.95	7.55	5.83	4.48	5.5	7.18	5.43
EV/Core EBITDA(x)	6.25	4.6	7.99	8.44	8.11	13.26	8.46	6.63	11.56	12.38	7.72
Interest Earned Growth(%)	9.53	44.12	20.95	37.47	31.65	45.61	78.08	52.26	-8.11	20.91	80.38
Net Profit Growth	9.23	35.45	35.96	29.89	-20.93	15.37	262.29	57.09	-74.43	198.82	195.72
EPS Growth(%)	-21.17	10.49	35.96	27.25	-27.59	25.3	270.33	29.23	-74.54	198.71	195.7
Interest Coverage(x) %	1.83	1.73	1.86	1.79	1.44	1.29	1.61	1.61	1.15	1.51	1.73

Arman Financial Serv Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	27.45	27.45	27.39	27.36	27.35	27.31	27.27	26.58	23.65	22.09
FII	4.84	4.94	5.14	5.28	5.14	5.04	4.87	3.9	6.64	10.2
DII	0	0.09	0.47	0.53	0.76	0.76	0.81	0.77	7.66	6.29
Public	67.7	67.52	67	66.83	66.76	66.89	67.05	68.76	62.05	61.41
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23
FII	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.06	0.11
DII	0	0	0	0	0.01	0.01	0.01	0.01	0.07	0.07
Public	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.6	0.61	0.64
Others	0	0	0	0	0	0	0	0	0	0
Total	0.85	0.85	0.85	0.85	0.85	0.85	0.85	0.87	0.98	1.05

Pros

Company has delivered good profit growth of 68% CAGR over last 5 years

Cons

Promoter holding is low: 22.09%.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.