---
title: "Arman Financial Services Ltd (ARMANFIN) — Share Price, Financials & Analysis"
symbol: "ARMANFIN"
company: "Arman Financial Services Ltd"
canonical: "https://tapetide.com/stocks/ARMANFIN"
isin: "INE109C01017"
nse_symbol: "ARMANFIN"
bse_code: "531179"
sector: "Financial Services"
industry: "NBFC"
market_cap_cr: 2114.31
generated_at: "2026-09-13T19:29:45.289Z"
---

# Arman Financial Services Ltd (ARMANFIN)

Canonical page: https://tapetide.com/stocks/ARMANFIN

## Company

- **NSE Symbol:** ARMANFIN
- **BSE Code:** 531179
- **ISIN:** INE109C01017
- **Sector:** Financial Services
- **Industry:** NBFC
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 1998-07-16
- **CEO:** Mr. Jayendrabhai Bhailalbhai Patel B.Sc.
- **Employees:** 1154
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** armanindia.com

## About

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]

## Latest Price

- **Price:** ₹2011.3
- **Change:** -25.2 (-1.24%)
- **Open:** ₹2000.6
- **Day High:** ₹2024
- **Day Low:** ₹1960.5
- **Previous Close:** ₹2036.5
- **Volume:** 13661
- **As Of:** 2026-09-11T10:01:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:54:30.330782Z.

- **Market Cap:** ₹2114.31 Cr
- **Classification:** Microcap
- **P/E (reported):** 18.4
- **P/E (TTM):** 18.17
- **EPS (TTM):** ₹110.67
- **EPS (reported):** ₹165.64
- **Book Value:** ₹887.64
- **Price to Book:** 2.3
- **Dividend Yield:** 0%
- **ROE:** 5.96%
- **ROCE:** 15.05%
- **Debt to Equity:** 1.75
- **Revenue (yearly):** ₹645.87 Cr
- **Net Income:** ₹62.01 Cr
- **EBITDA:** ₹284.47 Cr
- **52-Week High:** ₹2158.6
- **52-Week Low:** ₹1301
- **RSI (14):** 57.44

## Tapetide Score

- **Score:** 56 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 74.1 (of 4473 scored stocks)
- **Confidence:** 94%
- **Data coverage:** 88%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 38.13 | 9% |
| growth | 39.11 | 9% |
| momentum | 95.8 | 12% |
| ownership | 82.6 | 24% |
| quality | 51.58 | 22% |
| valuation | 29.79 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

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

### Weaknesses

- 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.
- Contingent liabilities of Rs.675 Cr.
- Promoter holding has decreased over last 3 years: -5.26%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 262.97% | 168.67% | — |
| ebitda margin growth | 28.05% | 3.62% | -41.14% | -23.86% |
| net income growth | 10.24% | 19.02% | -16% | 40% |
| revenue growth | 14.92% | -11.52% | 15% | 27% |
| roce | 28.02% | -29.51% | -9.06% | 15.01% |
| roe | 10.14% | -72.1% | 17.66% | 4.93% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 160 | 169 | 183 | 184 | 181 | 165 | 199 | 151 | 159 | 160 | 176 | 202 |
| Expenses | 34 | 42 | 55 | 78 | 93 | 114 | 134 | 110 | 91 | 80 | 80 | 80 |
| Financing Profit | 59 | 56 | 65 | 41 | 23 | -6 | 13 | -11 | 18 | 29 | 42 | 58 |
| Financing Margin % | 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 |
| Interest | 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 |
| Profit before tax | 58 | 55 | 65 | 41 | 22 | -7 | 13 | -11 | 18 | 29 | 42 | 57 |
| Tax % | 30 | 24 | 21 | 24 | 32 | 5 | -1 | 31 | 55 | 22 | 3 | 21 |
| Net Profit | 41 | 42 | 51 | 31 | 15 | -7 | 13 | -15 | 8 | 22 | 41 | 45 |
| EPS in Rs | 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 % | 2.48 | 2.83 | 2.88 | 2.68 | 3.74 | 4.13 | 3.37 | 3.45 | 3.7 | 3.46 | 3.43 | 2.76 |
| Net NPA % | 0.23 | 0.33 | 0.31 | 0.22 | 0.64 | 0.67 | 0.55 | 0.51 | 0.5 | 0.79 | 0.93 | 0.84 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 78 | 139 | 214 | 195 | 235 | 424 | 661 | 730 | 646 | 697 |
| Expenses | 34 | 44 | 72 | 103 | 99 | 126 | 166 | 419 | 361 | 332 |
| Financing Profit | 10 | 37 | 53 | 13 | 46 | 126 | 229 | 71 | 79 | 147 |
| Financing Margin % | 13 | 26 | 25 | 6 | 20 | 30 | 35 | 10 | 12 | 21 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 34 | 59 | 88 | 79 | 89 | 172 | 266 | 240 | 205 | 217 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 10 | 36 | 54 | 12 | 46 | 125 | 228 | 69 | 77 | 146 |
| Tax % | 26 | 27 | 23 | 10 | 30 | 25 | 24 | 25 | 27 | — |
| Net Profit | 7 | 26 | 42 | 11 | 32 | 94 | 174 | 52 | 57 | 116 |
| EPS in Rs | 12.76 | 45.98 | 49.13 | 12.51 | 37.35 | 110.46 | 165.67 | 49.64 | 53.85 | 110.67 |
| Dividend Payout % | 9 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 10 | 10 | 11 |
| Reserves | 44 | 50 | 116 | 164 | 178 | 204 | 355 | 802 | 864 | 923 |
| Borrowing | 157 | 395 | 612 | 698 | 721 | 990 | 1607 | 1725 | 1232 | 1776 |
| Other Liabilities | 7 | 12 | 18 | 26 | 32 | 39 | 68 | 97 | 121 | 89 |
| Total Liabilities | 215 | 465 | 753 | 896 | 940 | 1241 | 2038 | 2635 | 2227 | 2798 |
| Fixed Assets | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 8 | 31 | 32 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Investments | 2 | 3 | 3 | 3 | 3 | 6 | 19 | 7 | 39 | 92 |
| Other Assets | 210 | 459 | 746 | 888 | 933 | 1231 | 2013 | 2620 | 2157 | 2671 |
| Total Assets | 215 | 465 | 753 | 896 | 940 | 1241 | 2038 | 2635 | 2227 | 2798 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 21 | -203 | -221 | -76 | 6 | -281 | -718 | -302 | 493 | -476 |
| Cash from Investing Activity | -2 | -12 | -1 | 2 | 2 | -2 | -13 | 18 | -49 | -50 |
| Cash from Financing Activity | -9 | 205 | 252 | 94 | 22 | 270 | 681 | 376 | -495 | 546 |
| Net Cash Flow | 10 | -9 | 30 | 20 | 30 | -12 | -49 | 92 | -51 | 20 |
| Free Cash Flow | 21 | -203 | -222 | -77 | 5 | -282 | -720 | -305 | 467 | -480 |
| CFO/OP | 74 | -447 | -223 | -41 | 13 | -194 | -232 | -49 | 168 | -159 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROE % | 13 | 14 | 29 | 28 | 6 | 16 | 33 | 30 | 6 | 6 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 26.58% | 23.72% | 22.09% | 22.09% | 22.07% | 22.07% | 22.06% | 22.05% | 22% | 22% | 22% | 22% |
| FIIs | 3.9% | 6.64% | 10.2% | 5.18% | 4.9% | 1.97% | 1.2% | 1.42% | 1.81% | 1.68% | 2.61% | 3.08% |
| DIIs | 0.77% | 7.73% | 6.29% | 6.16% | 5.03% | 4.51% | 4.92% | 5.08% | 4.83% | 5.03% | 4.18% | 4.85% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 33.31% | 29.21% | 32.42% | 34% | 38.56% | 43.09% | 43.21% | 42.37% | 44.12% | 45.57% | 48.04% | 47.98% |
| Others | 35.45% | 32.7% | 28.99% | 32.56% | 29.45% | 28.37% | 28.61% | 29.08% | 27.25% | 25.72% | 23.17% | 22.08% |
| No. of Shareholders | 13758 | 14590 | 19906 | 21676 | 36339 | 42629 | 41400 | 37608 | 36531 | 34930 | 33752 | 32079 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 7 / 1

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2009.76 | Buy |
| EMA (10) | 2014.57 | Sell |
| SMA (20) | 1985.5 | Buy |
| EMA (20) | 1997.28 | Buy |
| SMA (50) | 1954.56 | Buy |
| EMA (50) | 1934.35 | Buy |
| SMA (100) | 1807.87 | Buy |
| EMA (100) | 1838.74 | Buy |
| SMA (200) | 1671.62 | Buy |
| EMA (200) | 1730.56 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.71 | Neutral |
| MACD (12,26,9) | 24.29 | Buy |
| Stochastic (14,3,3) | 73.65 | Neutral |
| ADX (14) | 22.92 | Neutral |
| Williams %R (14) | -34.57 | Neutral |
| ATR (14) | 70.02 | High Volatility |
| ROC (12) | 1.69 | Buy |
| Stoch RSI (14) | 51.59 | Neutral |
| UO (7,14,28) | 57.45 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7cf2c1f1-c211-437e-b4b7-b004e0ac1d71.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c4e86bfa-0ecb-4509-89ad-d2fb57d3a9c5.pdf) |
| 2026-09-05 | [Shareholders Meeting -Annual General Meeting On September 28 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea8f2231-1414-4c51-a9a5-a87b751e1332.pdf) |
| 2026-09-05 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca5b082b-ca32-4f5e-829d-04a6a0b148ff.pdf) |
| 2026-09-05 | [Letter To Shareholders](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca5dfaf9-0f7f-49b1-b060-4e6de19387ed.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56246086-69ff-4af1-8c27-d3b128dcc962.pdf) |
| 2026-09-03 | [Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02e53016-541d-4bdd-8903-d728c0d153eb.pdf) |
| 2026-09-03 | [Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3592488-3ad2-4c05-8fbc-96b75db07057.pdf) |
| 2026-09-02 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45100AE4_9665_4807_9A98_CB36192F0DA2_114902.pdf) |
| 2026-08-29 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0C4B4DB4_BDD1_4188_A1F8_36221B88A264_160827.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=afb702b3-f8e9-42fb-bb75-9acf342b67dc.pdf) |
| 2026-06-05 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bcdd0432-234f-4a50-b588-26baed00ecbd.pdf) |
| 2026-02-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6585463-8dd9-4108-9678-981b9cfecd53.pdf) |
| 2025-11-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=721ee580-f88f-4c2f-9842-b805b689e6e9.pdf) |
| 2025-08-20 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=299d9266-6509-42cf-a3aa-5dced15f5920.pdf) |
| 2025-06-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=41bac9cc-0e8b-4743-87ef-bdd9b7b9e746.pdf) |
| 2025-02-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0f46eb7-700b-4285-8386-1bbd2f9c96f0.pdf) |
| 2024-11-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=24f6c5e7-f5f6-44ff-8599-49fedd8356e2.pdf) |
| 2024-08-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aedeb4c0-fc7c-4ba6-921a-68eef3647211.pdf) |
| 2024-06-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f9b8bd0-9bc7-410a-87f9-0d126932d579.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9039cadb-8bfb-4b91-8099-64bd592b25f9.pdf) |
| 2026-05-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad9931f4-2018-4a5f-ae5b-1a07a435b54b.pdf) |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4dc1310-af33-4788-83ba-ef58720d200c.pdf) |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=64b0d353-10a8-4a36-b1e6-ad64f3b39cfc.pdf) |
| 2025-08-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ec170b9-1fd6-4aad-a623-44d0528d1c10.pdf) |
| 2025-05-30 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef689e08-a0aa-45f6-b5bb-92ab088ea22d.pdf) |
| 2025-02-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=edb46fff-848e-4aca-ba39-6babb6d4d998.pdf) |
| 2024-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0a01c48e-55cd-4f18-ae32-5b6ad1e1a372.pdf) |
| 2024-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c5100111-f66e-4c27-b2d4-55fbd82fa0c5.pdf) |
| 2024-08-16 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2f6da64c-6516-4c9c-ae5c-ce8a04f1a000.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-27 | [Financial Results As Of March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c84a97e3-880b-4798-939c-f31ca6c4bb10.pdf) |
| 2026-02-12 | [Unaudited Financial Results For The Quarter Ended On December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1fc8168a-0dc8-4f61-ab9c-8ad968dcc6d9.pdf) |
| 2026-02-12 | [Unaudited Financial Results For The Quarter Ended On December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31ef256c-2858-4742-b9b3-6588b58dceab.pdf) |
| 2025-11-13 | [Outcome Of Board Meeting Held On November 13 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3256b6e8-1b9c-4b33-8796-769dbdc95c09.pdf) |
| 2025-08-13 | [Financial Results For Quarter Ended On June 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8108e3b0-6af3-448b-b408-1f8333fa66d8.pdf) |
| 2025-05-29 | [Financial Results As On March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=73e66469-505e-4479-978a-f3056a0d5c3f.pdf) |
| 2025-02-14 | [Results- Financial Results For December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a004d307-b17f-4874-8142-ee49594eaa2b.pdf) |
| 2024-11-13 | [Results- Financials Results For The Quarter And Half Year Ended On September 30 ,2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c2fc1ec-4179-4839-834b-2b73dde4cebc.pdf) |
| 2024-08-14 | [Financial Results For The Quarter Ended June 30, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=86f22aa3-d9e3-4303-a027-a6ee05cff09e.pdf) |
| 2024-05-27 | [Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=433dba4c-65ed-4210-a9f6-77c326544fbf.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jan - Jan 8, 2026 report: zero re-lodgment requests for physical share transfers as of Dec 31, 2025. | [Report On Re-Lodgment Of Transfer Requests Of Physical Shares. 8 Jan - Jan 8, 2026 report: zero re-lodgment requests for physical share transfers as of Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b3663cc-bdf9-409f-b864-f4480b2c73bb.pdf) |
| 7 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/03f851d9-0019-43c8-9835-e61df1ecefaa.pdf) |
| 6 May - CIT(A) order dated 5 May 2026 deletes ₹15 crore addition for AY2012-13. | [Outcome Of Income Tax Appeal - Order Received Under Section 250 Of The Income-Tax Act, 1961 6 May - CIT(A) order dated 5 May 2026 deletes ₹15 crore addition for AY2012-13.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/660bafb2-b999-4e61-8e2a-338361b41973.pdf) |
| 5 Mar - Paid ₹2,12,22,946 interest for ₹75,00,00,000 debenture (ISIN INE109C07121) on 05/03/2026. | [Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD 5 Mar - Paid ₹2,12,22,946 interest for ₹75,00,00,000 debenture (ISIN INE109C07121) on 05/03/2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/021795f3-5b2a-4370-b34e-cc2c0bceb61a.pdf) |
| 4 May - Company launches Saksham Niveshak campaign, asking shareholders to update KYC by July 9, 2026. | [Second 100-Days Campaign On 'Saksham Niveshak" - April 01, 2026 To July 09, 2026 For The Updation Of KYC And Other Related Information And Shareholder'S Engagement To Prevent Transfer Of Unpaid / Unclaimed Dividend Amounts And Shares To The IEPF. 4 May - Company launches Saksham Niveshak campaign, asking shareholders to update KYC by July 9, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/380152e7-7a5e-4372-9f3c-1825bb667293.pdf) |
| 4 May - Company launches Saksham Niveshak campaign, asking shareholders to update KYC by July 9, 2026. | [Second 100-Days Campaign On 'Saksham Niveshak" - April 01, 2026 To July 09, 2026 For The Updation Of KYC And Other Related Information And Shareholder'S Engagement To Prevent Transfer Of Unpaid / Unclaimed Dividend Amounts And Shares To The IEPF. 4 May - Company launches Saksham Niveshak campaign, asking shareholders to update KYC by July 9, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/380152e7-7a5e-4372-9f3c-1825bb667293.pdf) |
| 4 Apr - Filed ISIN details for five private placement debt securities issued between Jun 2025 and Mar 2026. | [Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017) 4 Apr - Filed ISIN details for five private placement debt securities issued between Jun 2025 and Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5cc70fed-924e-4db2-bc81-93267c576b38.pdf) |
| 30 Apr - Arman Financial Services says it is not a Large Corporate as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Arman Financial Services says it is not a Large Corporate as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/315c4bea-a233-4316-a507-5677facc37bd.pdf) |
| 30 Apr - Arman Financial says it is not a Large Corporate as of March 31, 2026; outstanding borrowing was Rs 668.15 crore. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Arman Financial says it is not a Large Corporate as of March 31, 2026; outstanding borrowing was Rs 668.15 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/98a37c52-aff8-4f56-8efe-0dc1a3c18f8d.pdf) |
| 30 Apr - Arman Financial says it is not a Large Corporate as of March 31, 2026; outstanding borrowing was Rs 668.15 crore. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Arman Financial says it is not a Large Corporate as of March 31, 2026; outstanding borrowing was Rs 668.15 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/98a37c52-aff8-4f56-8efe-0dc1a3c18f8d.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/721ee580-f88f-4c2f-9842-b805b689e6e9.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5100111-f66e-4c27-b2d4-55fbd82fa0c5.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a01c48e-55cd-4f18-ae32-5b6ad1e1a372.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/24f6c5e7-f5f6-44ff-8599-49fedd8356e2.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b30d216-a912-485d-9480-afbee0ec78e8.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad9931f4-2018-4a5f-ae5b-1a07a435b54b.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ad9931f4-2018-4a5f-ae5b-1a07a435b54b.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/41bac9cc-0e8b-4743-87ef-bdd9b7b9e746.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8f9b8bd0-9bc7-410a-87f9-0d126932d579.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/86a755fe-3fd7-4ddd-81df-1972c03a8b28.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f36ea3ba-3fce-4753-9fe5-91f0bbde906c.pdf) |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=643d6bce-773f-4255-9bcb-ce4e4e641e4e.pdf) |
| 2025-05-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=44992dc1-76a4-4b28-b3fd-9bb06471689a.pdf) |
| 2024-11-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=97ea5c52-a983-4855-a380-3310e0333dbb.pdf) |
| 2024-08-16 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3d4eb18-b9c0-48ed-91fb-9ea12f3d3a56.pdf) |
| 2024-05-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1648aa92-eacf-42f6-9195-840a6215a97f.pdf) |
| 2024-02-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49dd0970-7b08-4ab4-aafe-28e688fbc0e2.pdf) |
| 2023-11-04 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=33511423-fa24-4ab8-87ad-c9cde5a9bfc9.pdf) |
| 2023-08-18 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca0a3c12-7282-400e-babe-0000f3a93a45.pdf) |
| 2023-06-03 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c27a55e-46a6-4d77-8271-40353d5b0d91.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5c941e78-fdb8-4f6f-aded-bb6718c946eb.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8279a3fb-e590-4346-87cc-dc92cb2a613c.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/96854678-c35e-4add-9e1b-7aee0fa4e94b.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a4e50c4-45b9-4607-b8c9-7493b4ba3811.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:29:45.289Z.