Trading · Founded 1982 · www.armanholdings.in · BSE 538556 · · ISIN INE510P01018
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Business
Arman Holdings Ltd. (ARMAN) operates in the Trading sector and industry in India. As a trading company, its core business model involves sourcing goods, commodities, or other products and selling them, often to different markets or customers, aiming to generate a margin from the price differential. The company likely acts as an intermediary in various supply chains, facilitating the movement and distribution of products. Its revenue generation is directly linked to the volume of trade and the margins achieved on each transaction.
Revenue Mix
Specific key segments or a detailed revenue mix for Arman Holdings Ltd. are not available from the provided information. Typically, trading companies might segment their operations by the type of goods traded (e.g., industrial products, consumer goods, agricultural commodities), geographical markets, or specific customer types.
Industry
The trading industry in India is characterized by its fragmentation and high level of competition. It encompasses a wide array of players, from small local distributors to large diversified trading houses. Barriers to entry can be relatively low for many types of trading activities. Without specific details on Arman's product focus or scale, its positioning against peers is difficult to ascertain, but it likely competes on factors such as pricing, supply chain efficiency, network reach, and specific market knowledge.
MOAT
For a generic trading company, establishing a strong, durable competitive advantage (moat) can be challenging. Common moats like strong brand recognition, proprietary technology, significant network effects, or high switching costs are often absent. Any competitive edge for Arman Holdings Ltd. would likely stem from efficient procurement and logistics, deep relationships with suppliers and customers, specialized market knowledge in specific niches, or superior working capital management. However, these are often replicable and can be eroded by new entrants or aggressive competitors.
Growth Drivers
Potential growth drivers for Arman Holdings Ltd. could include:
Economic Growth: A growing Indian economy generally leads to increased demand for goods and services, boosting overall trading volumes.
Expansion into New Markets/Products: Diversifying into new geographical regions or adding new product categories to its trading portfolio.
Supply Chain Optimization: Enhancements in logistics, warehousing, and inventory management can improve efficiency and profitability.
Strategic Partnerships: Forming alliances with key suppliers or distributors to gain preferential terms or access to new channels.
Risks
Key risks for Arman Holdings Ltd. include:
Intense Competition: The highly fragmented trading industry can lead to pressure on margins.
Commodity Price Volatility: If the company trades commodities, price fluctuations can significantly impact profitability.
Supply Chain Disruptions: Global or local disruptions (e.g., geopolitical events, natural disasters, logistics issues) can affect sourcing and delivery.
Credit Risk: Exposure to counterparty credit risk from customers or suppliers.
Economic Downturns: A slowdown in economic activity can reduce demand for traded goods.
Regulatory Changes: Changes in trade policies, tariffs, or import/export regulations.
Management & Ownership
Information regarding the specific promoters, management team's quality, and detailed ownership structure for Arman Holdings Ltd. is not available from the provided input. In India, promoter groups typically hold significant stakes and exert substantial influence over the company's strategic direction and operations.
Outlook
Arman Holdings Ltd., operating in the competitive Indian trading sector, faces a landscape with both opportunities and inherent challenges. The company can benefit from India's overall economic growth and expanding consumption, potentially leveraging efficient operations and established networks to capture market share in specific niches. However, the industry's fragmentation, intense competition, and susceptibility to economic cycles and supply chain volatility mean that maintaining consistent profitability requires astute management of procurement, sales, and working capital. The absence of readily apparent strong moats suggests that long-term success will likely depend on continuous operational efficiency improvements, strategic expansion, and robust risk management.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 0 | 0 | 0 | 4 | 0 | 0 | 1 | 2 | 14 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 0 | 0 | 0 | 4 | 0 | 0 | 1 | 2 | 14 |
| Total Expenditure | 1 | 0 | 0 | 0 | 4 | 0 | 0 | 1 | 1 | 13 |
| Operating Profit | 0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 | 1 | 1 |
| Provision for Tax | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 | 1 | 1 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 | 1 | 1 |
| Adjusted Earnings Per Share | 0 | -0.1 | -0.1 | -0.1 | 0.2 | -0 | 0 | 0.6 | 1.2 | 1.3 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 4 | 2 | 3 | 4 | 4 | 2 | 4 | 4 | 4 | 4 | 4 | 17 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 4 | 2 | 3 | 4 | 4 | 2 | 4 | 4 | 4 | 4 | 4 | 17 |
| Total Expenditure | 4 | 2 | 3 | 4 | 4 | 2 | 4 | 4 | 4 | 4 | 2 | 15 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 2 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 2 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 1 | 2 |
| Adjusted Earnings Per Share | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | -0 | 1.8 | 3.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 15% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 59% | 18% | 33% | 2% |
| ROE Average | 14% | 5% | 3% | 1% |
| ROCE Average | 19% | 6% | 4% | 2% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 7 | 7 | 6 | 6 | 6 | 7 | 7 | 6 | 6 | 6 | 7 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Total Current Liabilities | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Total Liabilities | 7 | 7 | 7 | 6 | 6 | 7 | 7 | 6 | 6 | 6 | 8 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 2 |
| Total Current Assets | 4 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 5 | 4 | 5 |
| Total Assets | 7 | 7 | 7 | 6 | 6 | 7 | 7 | 6 | 6 | 6 | 8 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 0 | 0 | 0 | -1 | -0 | -0 | 0 | -0 | 0 | -0 | 1 |
| Cash Flow from Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Cash Flow from Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Inflow / Outflow | 0 | 0 | 0 | -1 | -0 | 0 | 0 | -0 | 0 | -0 | 1 |
| Closing Cash & Cash Equivalent | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.03 | 0.03 | 0.03 | 0.05 | 0.05 | 0 | 0.05 | 0.04 | 0.03 | -0.03 | 1.82 |
| CEPS(Rs) | 0.03 | 0.03 | 0.04 | 0.06 | 0.05 | 0.01 | 0.05 | 0.06 | 0.04 | -0.03 | 1.83 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 13.01 | 13.08 | 12.16 | 11.98 | 12.03 | 12.62 | 12.68 | 11.37 | 11.62 | 12.05 | 14.1 |
| Core EBITDA Margin(%) | -1.05 | -5.15 | -4.45 | 0.57 | 0.57 | 0.35 | 0.91 | 0.87 | 0.64 | -0.37 | 35.45 |
| EBIT Margin(%) | 0.72 | 1.25 | 0.81 | 1.06 | 0.89 | 0.35 | 0.81 | 0.67 | 0.55 | -0.41 | 35.45 |
| Pre Tax Margin(%) | 0.71 | 1.23 | 0.81 | 0.98 | 0.84 | 0.23 | 0.8 | 0.67 | 0.55 | -0.41 | 35.45 |
| PAT Margin (%) | 0.38 | 0.71 | 0.54 | 0.72 | 0.63 | 0.08 | 0.6 | 0.5 | 0.41 | -0.42 | 26.64 |
| Cash Profit Margin (%) | 0.42 | 0.73 | 0.59 | 0.79 | 0.66 | 0.19 | 0.7 | 0.7 | 0.51 | -0.38 | 26.65 |
| ROA(%) | 0.21 | 0.23 | 0.23 | 0.4 | 0.41 | 0.02 | 0.37 | 0.34 | 0.29 | -0.24 | 13.98 |
| ROE(%) | 0.21 | 0.24 | 0.26 | 0.43 | 0.41 | 0.02 | 0.37 | 0.33 | 0.3 | -0.25 | 13.95 |
| ROCE(%) | 0.39 | 0.42 | 0.39 | 0.63 | 0.58 | 0.09 | 0.5 | 0.45 | 0.41 | -0.24 | 18.57 |
| Receivable days | 131.92 | 250.57 | 144.47 | 177.09 | 102.43 | 73.83 | 70.23 | 168.02 | 289.81 | 311.15 | 150.02 |
| Inventory Days | 47.32 | 89.51 | 164 | 207.81 | 251.75 | 826.02 | 272.14 | 182.9 | 75.54 | 107.41 | 175.41 |
| Payable days | 13.44 | 60.23 | 97.57 | 71.07 | 22.35 | 13.69 | 1.95 | 17.12 | 48.26 | 40.37 | 7.25 |
| PER(x) | 0 | 0 | 0 | 1261.54 | 1128.62 | 0 | 601.93 | 765.59 | 1870.32 | 0 | 59.21 |
| Price/Book(x) | 0 | 0 | 0 | 5.48 | 4.66 | 4.32 | 2.21 | 2.7 | 5.59 | 6.93 | 7.66 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.37 | 2.07 | 1.39 | 9.03 | 7.15 | 18.1 | 3.59 | 3.84 | 7.68 | 11.84 | 15.43 |
| EV/Core EBITDA(x) | 182.13 | 163.12 | 163.61 | 803.79 | 782.99 | 3943.39 | 394.3 | 440.2 | 1187.92 | -3194.56 | 43.52 |
| Net Sales Growth(%) | 378.38 | -38.22 | 36.15 | 20.27 | 8.45 | -61.55 | 159.08 | 2.17 | 5.68 | -16.49 | -2.74 |
| EBIT Growth(%) | -19.85 | 7.28 | -11.56 | 57.1 | -8.95 | -84.73 | 492.16 | -14.63 | -13.21 | -162.14 | 8476.82 |
| PAT Growth(%) | -18.44 | 15.03 | 4.02 | 59.04 | -4.55 | -95.02 | 1786.5 | -13.99 | -13.4 | -184.53 | 6311.76 |
| EPS Growth(%) | -18.51 | 15.19 | 4.02 | 58.96 | -4.5 | -94.97 | 1764 | -13.95 | -13.47 | -184.73 | 6304.08 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 35.97 | 6.74 | 4.85 | 10.54 | 47.21 | 137.46 | 175.43 | 11.82 | 6.22 | 149.81 | 14.05 |
| Quick Ratio(x) | 31.5 | 5.77 | 2.66 | 5.28 | 5.29 | 10.98 | 64.49 | 7.14 | 6.06 | 72.8 | 10.32 |
| Interest Cover(x) | 105.06 | 90.79 | 182.82 | 14.24 | 19.29 | 2.86 | 164 | 140 | 0 | 0 | 0 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 24.93 | 24.93 | 24.93 | 24.93 | 24.93 | 24.93 | 24.93 | 24.93 | 21.83 | 17.26 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 75.07 | 75.07 | 75.07 | 75.07 | 75.07 | 75.07 | 75.07 | 75.07 | 78.17 | 82.74 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.11 | 0.09 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.41 | 0.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | +15% | 0% |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | +59% | +18% | +33% | +2% |
| ROE Average | +14% | +5% | +3% | +1% |
| ROCE Average | +19% | +6% | +4% | +2% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 24.93 | 24.93 | 24.93 | 24.93 | 24.93 | 24.93 | 24.93 | 24.93 | 21.83 | 17.26 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 75.07 | 75.07 | 75.07 | 75.07 | 75.07 | 75.07 | 75.07 | 75.07 | 78.17 | 82.74 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.11 | 0.09 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.41 | 0.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 | 0.52 |
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