₹88.07
▼ -0.7 -0.79%
As of 09 Sept 2026 · delayed
NSE Listed
Arfin India Limited (ARFIN)
Volume: 6,84,659Avg Vol 1W: 17,57,050Avg Vol 1M: 12,86,826.6552W Range:₹38.5₹106.2
Key Ratios
Checked 8h agoMarket Cap₹1,498 Cr
Current Price₹88.07
Previous Close₹88.77
High / Low (52w)₹106.2 / ₹38.5
Volume6,84,659
Avg Vol (1W)17,57,050
Avg Vol (1M)12,86,826.65
Stock P/E81.44
Book Value₹10.1
Dividend Yield12%
ROE9.07%
ROA496.2%
Revenue (TTM)₹619 Cr
Revenue Growth15.1%
Profit Margin222.4%
Total Debt₹21 Cr
Shares Outstanding17 Cr
Face Value₹1
EPS (TTM)₹1.09
P/B8.82
Debt / Equity0.75
50 DMA₹87.26
200 DMA₹82.8
Day change-0.79%
Price Chart
₹88.07▲ 111.05% · 1Y
2025-09-102026-09-09
20-day avg volume: 12.9L 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 81.
Quarterly Results
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹149 Cr | ₹180 Cr | ₹153 Cr | ₹109 Cr | ₹128 Cr | ₹188 Cr | ₹193 Cr | ₹213 Cr |
| EBITDA | ₹9 Cr | ₹10 Cr | ₹7 Cr | ₹6 Cr | ₹9 Cr | ₹13 Cr | ₹15 Cr | ₹9 Cr |
| Net Profit | ₹3 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹5 Cr | ₹7 Cr | ₹4 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹153 Cr | ₹618 Cr | ₹109 Cr | ₹128 Cr | ₹196 Cr | ₹192 Cr | ₹619 Cr | ₹208 Cr |
| EBITDA | ₹7 Cr | ₹34 Cr | ₹6 Cr | ₹8 Cr | ₹13 Cr | ₹13 Cr | ₹42 Cr | ₹8 Cr |
| Net Profit | ₹1 Cr | ₹9 Cr | ₹1 Cr | ₹2 Cr | ₹5 Cr | ₹6 Cr | ₹15 Cr | ₹4 Cr |
| EPS | — | 0.54 | — | — | — | — | 0.92 | — |
Balance Sheet
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹199 Cr | ₹230 Cr | ₹247 Cr | ₹267 Cr | ₹285 Cr | ₹344 Cr | ₹371 Cr |
| Total Liabilities | ₹134 Cr | ₹161 Cr | ₹169 Cr | ₹179 Cr | ₹189 Cr | ₹187 Cr | ₹201 Cr |
| Equity | ₹65 Cr | ₹68 Cr | ₹78 Cr | ₹88 Cr | ₹96 Cr | ₹157 Cr | ₹170 Cr |
| Total Debt | ₹7 Cr | ₹30 Cr | ₹33 Cr | ₹31 Cr | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | ₹11 Cr | ₹11 Cr | ₹28 Cr | ₹7 Cr | ₹-19 Cr | ₹25 Cr |
| Investing | ₹0 Cr | ₹-3 Cr | ₹-8 Cr | ₹-4 Cr | ₹-8 Cr | ₹-15 Cr |
| Financing | ₹-12 Cr | ₹-8 Cr | ₹-14 Cr | ₹-8 Cr | ₹30 Cr | ₹-8 Cr |
| Free Cash Flow | ₹11 Cr | ₹11 Cr | ₹28 Cr | ₹7 Cr | ₹-19 Cr | ₹25 Cr |
Shareholding
Promoter 69.77% Institutions 0.79% Public 29.43%
Efficiency & Working Capital
ROCE14.2%
Interest Coverage2.3
Dividend Payout—
Debtor Days15 d
Inventory Days114 d
Payable Days30 d
Cash Conversion Cycle99 d
Working Capital Days129 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.
| Period | Apr 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Jul 2025 | Jul 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 69.8% | 69.8% | 69.8% | 69.8% | 69.8% | 69.8% | 69.8% | 69.8% | 69.8% | 69.8% | 69.8% | 69.8% |
| FIIs | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.6% | 2.7% | 1.5% | 0.8% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 27.8% | 27.8% | 27.8% | 27.8% | 27.8% | 27.8% | 27.8% | 27.8% | 27.6% | 27.6% | 28.7% | 29.4% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 6,418 | 7,112 | 7,997 | 8,392 | 9,353 | 9,081 | 8,996 | 8,996 | 9,868 | 11,014 | 11,976 | 13,548 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Mahendrakumar Rikhavchand Shah | Shareholding of Promoter and Promoter Group | 15.2% | 2.56 Cr |
| Jatin Mahendrakumar Shah | Shareholding of Promoter and Promoter Group | 14.9% | 2.52 Cr |
| Pushpaben Mahendrakumar Shah | Shareholding of Promoter and Promoter Group | 12.8% | 2.16 Cr |
| Rani Jatin Shah | Shareholding of Promoter and Promoter Group | 12.6% | 2.13 Cr |
| Jfe Shoji India Private Limited | Public Shareholding | 5.8% | 97,98,432 |
| Pooja Mahendrabhai Shah | Shareholding of Promoter and Promoter Group | 4.8% | 80,24,400 |
| Jatin Mahendra Shah | Shareholding of Promoter and Promoter Group | 3.9% | 64,98,000 |
| Krish Jatin Shah | Shareholding of Promoter and Promoter Group | 2.1% | 36,00,000 |
| Mahendrakumar Rikhavchand Huf | Shareholding of Promoter and Promoter Group | 1.9% | 32,53,530 |
| Khushbu Mahendrabhai Shah | Shareholding of Promoter and Promoter Group | 1% | 17,22,850 |
| Khwaish Jatin Shah | Shareholding of Promoter and Promoter Group | 0.5% | 9,00,000 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Mahendrakumar Rikhavchand Shah | Chairman & Wholetime Director | 2025 |
| Jatin Mahendrakumar Shah | Managing Director | 2025 |
| Pushpa Mahendra Shah | Executive Director | 2025 |
| Mukesh Kumar Chowdhary | Independent Non Exe. Director | 2025 |
| Tarachand R. Jain | Independent Non Exe. Director | 2025 |
| Ruchita Rahulkumar Nahata | Independent Non Exe. Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Manufacturing and trading of ferrou | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹1 | 32 | 17 | 17 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-11 | Board Meetings | — |
| dividend | 2025-11-17 | ₹0.11 (11%) | Interim |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 31 | 0 | 0 | 2 | 9 | 41 |
| 2026 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2026 | 9 | 0 | 0 | 2 | 0 | 12 |
Insider / Designated-Person Trades
2 recent disclosure(s)
MAHENDRAKUMAR RIKHAVCHAND SHAH RevisedDisposal · 29,626
MAHENDRAKUMAR RIKHAVCHAND SHAHDisposal · 29,626
Substantial Acquisitions (SAST)
1 disclosure(s)
Market02/12/2025 · 29,626
Company Information
Incorporated1992
ChairmanMahendrakumar Rikhavchand Shah
AuditorRaman M Jain & Co
Investor Email[email protected], [email protected]; info@arfi
📍 B 302 3rd Floor Pelican House, Nr Nataraj Cinema Ashram Road, Ahmedabad, Gujarat, 380009
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