Debut Plus

₹88.19

▲ +1.63 +1.88%

17 Jul 2026

NSE Listed

ASM 1

Arfin India Limited (ARFIN)

Volume: 21,20,969Avg Vol 1W: 22,92,436.6Avg Vol 1M: 24,05,109.0552W Range:₹31.43₹106.2
NSE BSE www.arfin.co.in
Key Ratios
Checked just now
Market Cap₹1,488 Cr
Current Price₹88.19
Previous Close₹86.56
High / Low (52w)₹106.2 / ₹31.43
Volume21,20,969
Avg Vol (1W)22,92,436.6
Avg Vol (1M)24,05,109.05
Stock P/E220.48
Book Value₹10.1
Dividend Yield12%
ROE9.07%
ROA415.7%
Revenue (TTM)₹618 Cr
Revenue Growth15.1%
Profit Margin216.4%
Total Debt₹21 Cr
Shares Outstanding17 Cr
Face Value₹1
EPS (TTM)₹0.92
P/B8.77
Debt / Equity0.93
50 DMA₹90.55
200 DMA₹76.41
Day change+1.88%
SurveillanceASM 1 (as of 2026-07-17)
Price Chart
₹88.19▲ 129.66% · 1Y
₹100₹321.7Cr
2025-07-22
2026-07-16

20-day avg volume: 24.1L shares

Pros
  • Pays a dividend yield of 12.0%.
  • Company is almost debt-free.
  • Revenue grew 18% YoY.
Cons
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 220.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹133 Cr₹149 Cr₹180 Cr₹153 Cr₹109 Cr₹128 Cr₹188 Cr₹193 Cr
EBITDA₹8 Cr₹9 Cr₹10 Cr₹7 Cr₹6 Cr₹9 Cr₹13 Cr₹15 Cr
Net Profit₹3 Cr₹3 Cr₹3 Cr₹1 Cr₹1 Cr₹2 Cr₹5 Cr₹7 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹360 Cr₹305 Cr₹528 Cr₹547 Cr₹537 Cr₹618 Cr
EBITDA₹-7 Cr₹16 Cr₹22 Cr₹25 Cr₹28 Cr₹34 Cr
Net Profit₹-22 Cr₹4 Cr₹9 Cr₹10 Cr₹8 Cr₹9 Cr
EPS-13.572.530.580.650.520.54
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹199 Cr₹230 Cr₹247 Cr₹267 Cr₹285 Cr₹344 Cr
Total Liabilities₹134 Cr₹161 Cr₹169 Cr₹179 Cr₹189 Cr₹187 Cr
Equity₹65 Cr₹68 Cr₹78 Cr₹88 Cr₹96 Cr₹157 Cr
Total Debt₹7 Cr₹30 Cr₹33 Cr₹31 Cr——
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹11 Cr₹11 Cr₹28 Cr₹7 Cr₹-19 Cr
Investing₹0 Cr₹-3 Cr₹-8 Cr₹-4 Cr₹-8 Cr
Financing₹-12 Cr₹-8 Cr₹-14 Cr₹-8 Cr₹30 Cr
Free Cash Flow₹11 Cr₹11 Cr₹28 Cr₹7 Cr₹-19 Cr
Shareholding
Promoter 69.77% Institutions 0.79% Public 29.43%
Efficiency & Working Capital
ROCE14.2%
Interest Coverage1.7
Dividend Payout—
Debtor Days27 d
Inventory Days94 d
Payable Days33 d
Cash Conversion Cycle88 d
Working Capital Days121 d
Shareholding Details

As of 2026-06-30

Promoter69.8%
FII0.8%
DII0%
Institutions0.8%
Public29.4%
Promoter Pledge0%
No. of Shareholders13,548
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodApr 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Jul 2025Jul 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters69.8%69.8%69.8%69.8%69.8%69.8%69.8%69.8%69.8%69.8%69.8%69.8%
FIIs2.4%2.4%2.4%2.4%2.4%2.4%2.4%2.4%2.6%2.7%1.5%0.8%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public27.8%27.8%27.8%27.8%27.8%27.8%27.8%27.8%27.6%27.6%28.7%29.4%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders6,4187,1127,9978,3929,3539,0818,9968,9969,86811,01411,97613,548
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Mahendrakumar Rikhavchand ShahShareholding of Promoter and Promoter Group15.2%2.56 Cr
Jatin Mahendrakumar ShahShareholding of Promoter and Promoter Group14.9%2.52 Cr
Pushpaben Mahendrakumar ShahShareholding of Promoter and Promoter Group12.8%2.16 Cr
Rani Jatin ShahShareholding of Promoter and Promoter Group12.6%2.13 Cr
Jfe Shoji India Private LimitedPublic Shareholding5.8%97,98,432
Pooja Mahendrabhai ShahShareholding of Promoter and Promoter Group4.8%80,24,400
Jatin Mahendra ShahShareholding of Promoter and Promoter Group3.9%64,98,000
Krish Jatin ShahShareholding of Promoter and Promoter Group2.1%36,00,000
Mahendrakumar Rikhavchand HufShareholding of Promoter and Promoter Group1.9%32,53,530
Khushbu Mahendrabhai ShahShareholding of Promoter and Promoter Group1%17,22,850
Khwaish Jatin ShahShareholding of Promoter and Promoter Group0.5%9,00,000
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Mahendrakumar Rikhavchand Huf00%2026-06-30
Pushpaben Mahendrakumar Shah00%2026-06-30
Mahendrakumar Rikhavchand Shah00%2026-06-30
Rani Jatin Shah00%2026-06-30
Jatin Mahendra Shah00%2026-06-30
Jatin Mahendrakumar Shah00%2026-06-30
Khushbu Mahendrabhai Shah00%2026-06-30
Khwaish Jatin Shah00%2026-06-30
Krish Jatin Shah00%2026-06-30
Pooja Mahendrabhai Shah00%2026-06-30
Jfe Shoji India Private Limited00%2026-06-30
Mahendrakumar Rikhavchand Huf00%2026-03-31
Board of Directors
NameDesignationYear
Mahendrakumar Rikhavchand ShahChairman & Wholetime Director2025
Jatin Mahendrakumar ShahManaging Director2025
Pushpa Mahendra ShahExecutive Director2025
Mukesh Kumar ChowdharyIndependent Non Exe. Director2025
Tarachand R. JainIndependent Non Exe. Director2025
Ruchita Rahulkumar NahataIndependent Non Exe. Director2025
Segments — Product
SegmentRevenueShare
Manufacturing and trading of ferrou₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹1321717
Corporate Actions
TypeDateValueRemark
dividend2025-11-17₹0.11 (11%)Interim
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202500021214
2025000000
202500021012
Insider / Designated-Person Trades

4 recent disclosure(s)

MAHENDRAKUMAR RIKHAVCHAND SHAH RevisedDisposal · 29,626
MAHENDRAKUMAR RIKHAVCHAND SHAHDisposal · 29,626
KHUSHBU SHAHDisposal · 16,200
KHUSHBU SHAHDisposal · 10,000
Substantial Acquisitions (SAST)

5 disclosure(s)

Market02/12/2025 · 29,626
Preferential Issue16/04/2024 · —
Pref. Allotment16/04/2024 · 97,98,432
Market19/12/2023 · 16,200
Market18/12/2023 · 10,000
Company Information
Incorporated1992
ChairmanMahendrakumar Rikhavchand Shah
AuditorRaman M Jain & Co
Investor Email[email protected], [email protected]; info@arfi
🌐 www.arfin.co.in ↗

📍 B 302 3rd Floor Pelican House, Nr Nataraj Cinema Ashram Road, Ahmedabad, Gujarat, 380009

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