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Arman Financial Services

ARMANFIN NSE
₹1,380.80 6.20 (0.45%)
Market Cap
₹1,456 Cr
P/E
12.48

Arman Financial Services (ARMANFIN) share price was ₹1,380.80 at the 28 Oct 2026 close; market capitalisation ₹1,456 Cr; P/E (TTM) 12.48; sector Financial Services. The share price fell 16.9% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 33.6% year on year to ₹201.8 Cr and net profit was ₹45 Cr, against −₹15 Cr a year earlier (compared with Jun 2025). Promoters held 21.93% of Arman Financial Services in Sep 2026, down 0.07 percentage points from Jun 2026. Its Tapetide Score is 44/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹1,380.80 −281.10 −16.91% 1Y

Key Fundamentals

MicrocapFinanceFinancial Services
Market Cap
₹1,456 Cr
P/E (TTM)
12.48
EBITDA
₹285 Cr
Return on Equity
6.06%
Debt to Equity
1.66
Book Value
₹885.01
EPS (TTM)
₹110.67
52W High
₹2,158.60
52W Low
₹1,301.00

Price-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Consolidated · TTM

Peer Comparison

Financial Services › NBFC › Non Banking Financial Company (NBFC)

Bajaj Finance
₹917.2526.335,71,076 Cr4.640.66%16.53%10.71%89,874 Cr22,067 Cr
Shriram Finance
₹832.5514.741,95,903 Cr1.760.79%15.18%11.00%51,245 Cr11,318 Cr
Cholamandalam Investment
₹1,545.2022.791,32,008 Cr4.310.14%17.17%9.46%33,147 Cr5,751 Cr
Tata Capital
₹309.3024.031,31,294 Cr2.940.19%10.38%8.56%34,329 Cr5,478 Cr
Muthoot Finance
₹2,392.708.4596,059 Cr2.371.25%26.67%15.43%33,526 Cr11,457 Cr
L&T Finance
₹246.5019.3961,782 Cr2.111.14%10.64%10.11%20,742 Cr3,198 Cr
SBI Cards
₹527.5522.0750,204 Cr2.920.47%13.78%18.31%21,048 Cr2,275 Cr
Arman Financial Services (this company)
₹1,380.8012.481,456 Cr1.560.00%6.06%11.16%697 Cr116 Cr
Median 8 companies₹874.9020.731,13,677 Cr2.650.57%14.48%10.86%33,337 Cr5,615 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-28
v2.0.0
44 Weak
Overall score
Data confidence 94/100

Category scores

Quality Average 52
Returns, margins, earnings quality 22%
Valuation Weak 40
Cheap vs sector & own history 24%
Growth Weak 39
Sales & profit trajectory 9%
Financial Health Weak 38
Solvency, leverage, coverage 9%
Momentum Poor 25
Trend strength, vol-adjusted 12%
Ownership Average 49
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company's median sales growth is 38.6% of last 10 years

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 22.0%
  • Company has a low return on equity of 12.1% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.58%

Technical Indicators

Oscillators

BearishNeutralBullish

Bullish

Bearish
2
Neutral
2
Bullish
5

Overall

BearishNeutralBullish

Bearish

Bearish
12
Neutral
2
Bullish
5

Moving Averages

BearishNeutralBullish

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-11.52% lower than 3Y

change over 1 year

Net Income Growth
8.64% higher than 3Y

change over 1 year

Cash Flow Change
-197%

change over 1 year

EBITDA Margin Change
3.62%

change over 1 year

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
150
160
169
183
184
181
165
199
151
159
160
176
202
Expenses
35
34
42
55
78
93
114
134
110
91
80
80
80
Financing Profit
50
59
56
65
41
23
-6
13
-11
18
29
42
58
Fin. Margin %
34%
37%
33%
36%
22%
13%
-4%
7%
-7%
12%
18%
24%
29%
Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
Interest
64
67
71
63
65
65
57
52
52
50
51
53
64
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
50
58
55
65
41
22
-7
13
-11
18
29
42
57
Tax %
20%
30%
24%
21%
24%
32%
5%
-1%
31%
55%
22%
3%
21%
Net Profit
40
41
42
51
31
15
-7
13
-15
8
22
41
45
EPS (₹)
47.02
46.86
42.91
48.51
29.87
14.56
-6.92
12.16
-13.9
7.6
21.1
39.01
42.96
Gross NPA %
2.5%
2.48%
2.83%
2.88%
2.68%
3.74%
4.13%
3.37%
3.45%
3.7%
3.46%
3.43%
2.76%
Net NPA %
0.1%
0.23%
0.33%
0.31%
0.22%
0.64%
0.67%
0.55%
0.51%
0.5%
0.79%
0.93%
0.84%
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
30
41
54
78
139
214
195
235
424
661
730
646
697
Expenses
9
12
20
34
44
72
103
99
126
166
419
361
332
Financing Profit
9
12
10
10
37
53
13
46
126
229
71
79
147
Fin. Margin %
32%
30%
19%
13%
26%
25%
6%
20%
30%
35%
10%
12%
21%
Other Income
0
0
0
0
0
1
0
0
0
0
0
0
0
Interest
11
16
24
34
59
88
79
89
172
266
240
206
217
Depreciation
0
0
0
0
0
1
1
1
1
1
2
2
2
PBT
9
12
10
10
36
54
12
46
125
228
69
77
146
Tax %
33%
34%
36%
26%
27%
23%
10%
30%
25%
24%
25%
27%
—
Net Profit
6
8
6
7
26
42
11
32
94
174
52
57
116
EPS (₹)
10.77
13.99
11.05
12.76
45.98
49.13
12.51
37.35
110
166
49.64
53.85
111
Div. Payout %
13%
12%
11%
9%
4%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
7
7
7
7
7
8
8
8
8
10
10
11
Reserves
32
39
44
50
116
164
178
204
355
802
864
923
Borrowing
93
143
157
395
612
698
721
990
1,607
1,725
1,232
1,776
Other Liabilities
6
7
7
12
18
26
32
39
68
97
121
89
Total Liabilities
137
195
215
465
753
896
940
1,241
2,038
2,635
2,227
2,798
Fixed Assets
2
2
3
3
4
4
4
5
6
8
31
32
CWIP
0
0
0
0
0
0
0
0
0
0
0
3
Investments
0
1
2
3
3
3
3
6
19
7
39
92
Other Assets
136
192
210
459
746
888
933
1,231
2,013
2,620
2,157
2,671
Total Assets
137
195
215
465
753
896
940
1,241
2,038
2,635
2,227
2,798
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
7
-1
21
-203
-221
-76
6
-281
-718
-302
493
-476
Investing
-1
-7
-2
-12
-1
2
2
-2
-13
18
-49
-50
Financing
-5
1
-9
205
252
94
22
270
681
376
-495
546
Net Cash Flow
1
-7
10
-9
30
20
30
-12
-49
92
-51
20
Free Cash Flow
6
-2
21
-203
-222
-77
5
-282
-720
-305
467
-480
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
17%
19%
13%
14%
29%
28%
6%
16%
33%
30%
6%
6%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Arman Financial Services insights

75 extracted metrics + investor summaries across FY10–FY27.

Shareholding Pattern

FIIs2.85%Public48.02%DIIs5.48%Others21.73%Promot.21.93%As ofSep 2026

Documents

Frequently Asked Questions about Arman Financial Services

What does Arman Financial Services Ltd do?
Arman Financial Service Ltd is an RBI-registered category ‘A’ Non-Banking Finance Company. They provide loans to the unorganized sector residing in rural and semi-rural locales across six states with around 400 branches that cater to about 7.6 lakh customers. Headquartered in Ahmedabad, Gujarat. ...
Where is Arman Financial Services Ltd (ARMANFIN) listed?
Arman Financial Services Ltd trades as ARMANFIN on the NSE and under code 531179 on the BSE.
Which sector does Arman Financial Services Ltd belong to?
Arman Financial Services Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the market capitalisation of Arman Financial Services Ltd?
Arman Financial Services Ltd has a market capitalisation of ₹1,456 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Arman Financial Services Ltd?
Arman Financial Services Ltd trades at a PE ratio of 12.48 as of 28 Oct 2026, on earnings per share of ₹110.67, against a book value of ₹885.01 per share.
What is the 52-week high and low of Arman Financial Services Ltd?
Over the last 52 weeks Arman Financial Services Ltd has traded between ₹1,301 and ₹2,158.6 as of 28 Oct 2026.
What is the Return on Equity (ROE) of Arman Financial Services Ltd?
Arman Financial Services Ltd reported a return on equity of 6.06%. Its debt-to-equity ratio is 1.66.

Company Information

Arman Financial Service Ltd is an RBI-registered category ‘A’ Non-Banking Finance Company. They provide loans to the unorganized sector residing in rural and semi-rural locales across six states with around 400 branches that cater to about 7.6 lakh customers. Headquartered in Ahmedabad, Gujarat. Arman and its subsidiary provide three financial services, Two-Wheeler Finance, Group-Based Microfinance, and Micro-Enterprise (MSME) Loans. [1]

Website armanindia.com
CEO Mr. Jayendrabhai Bhailalbhai Patel B.Sc.
Employees 1,154
Listed 1998-07-16
Face Value ₹ 10
Shares Outstanding 1,05,46,332

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