Debut Plus

₹1,958.2

▼ -3.53 -0.18%

17 Jul 2026

NSE Listed

Arman Fin Serv Ltd. (ARMANFIN)

Volume: 42,071Avg Vol 1W: 1,33,485.6Avg Vol 1M: 59,528.752W Range:₹1,270₹2,069.2
NSE BSE www.armanindia.com
Key Ratios
Checked 11h ago
Market Cap₹2,063 Cr
Current Price₹1,958.2
Previous Close₹1,961.73
High / Low (52w)₹2,069.2 / ₹1,270
Volume42,071
Avg Vol (1W)1,33,485.6
Avg Vol (1M)59,528.7
Stock P/E50.23
Book Value₹887.64
Dividend Yield0%
ROE6.06%
ROA202.3%
Revenue (TTM)₹730 Cr
Revenue Growth9.5%
Profit Margin8.76%
Total Debt₹2 Cr
Shares Outstanding1 Cr
Face Value₹10
EPS (TTM)₹53.83
P/B2.21
Debt / Equity1.75
50 DMA₹1,708.26
200 DMA₹1,605.88
Day change-0.18%
Price Chart
₹1,958.2▲ 19.20% · 1Y
₹1995₹13391.9L
2025-07-17
2026-07-16

20-day avg volume: 60K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 44% YoY.
  • Stock trades at a high P/E of 50.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue————————
EBITDA————————
Net Profit₹31 Cr₹15 Cr₹-7 Cr₹13 Cr₹-15 Cr₹8 Cr₹22 Cr₹41 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹78 Cr₹140 Cr₹215 Cr₹195 Cr₹235 Cr₹424 Cr₹662 Cr₹730 Cr
EBITDA₹10 Cr₹36 Cr₹54 Cr₹12 Cr₹46 Cr₹125 Cr₹228 Cr₹69 Cr
Net Profit₹7 Cr₹26 Cr₹42 Cr₹11 Cr₹32 Cr₹94 Cr₹174 Cr₹52 Cr
EPS10.0930.7255.5412.5337.35107.28192.7649.26
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹465 Cr₹753 Cr₹896 Cr₹940 Cr₹1,241 Cr₹2,038 Cr₹2,635 Cr₹2,227 Cr
Total Liabilities₹408 Cr₹630 Cr₹724 Cr₹754 Cr₹1,029 Cr₹1,672 Cr₹1,822 Cr₹1,353 Cr
Equity₹57 Cr₹123 Cr₹172 Cr₹187 Cr₹213 Cr₹366 Cr₹813 Cr₹874 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-199 Cr₹-290 Cr₹-172 Cr₹-94 Cr₹-403 Cr₹-893 Cr₹-574 Cr₹151 Cr
Investing₹-12 Cr₹-1 Cr₹2 Cr₹2 Cr₹-2 Cr₹-13 Cr₹18 Cr₹-49 Cr
Financing₹205 Cr₹252 Cr₹94 Cr₹22 Cr₹270 Cr₹681 Cr₹376 Cr₹-495 Cr
Free Cash Flow₹-199 Cr₹-290 Cr₹-172 Cr₹-94 Cr₹-403 Cr₹-893 Cr₹-574 Cr₹151 Cr
Shareholding
Promoter 22% Institutions 6.79% Public 71.21%
Efficiency & Working Capital
ROCE10.4%
Interest Coverage1.3
Dividend Payout—
Debtor Days0 d
Inventory Days0 d
Payable Days1 d
Cash Conversion Cycle-1 d
Working Capital Days0 d
Shareholding Details

As of 2026-03-31

Promoter22%
FII2.6%
DII4.2%
Institutions6.8%
Public71.2%
Promoter Pledge0%
No. of Shareholders33,752
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters27.3%26.6%23.7%22.1%22.1%22.1%22.1%22.1%22%22%22%22%
FIIs4.9%3.9%7.3%10.2%5.2%4.9%2%1.2%1.4%1.8%1.7%2.6%
DIIs0.8%0.8%6.1%6.3%6.2%5%4.5%4.9%5.1%4.8%5%4.2%
Public67.1%68.8%62.9%61.4%66.6%68%71.5%71.8%71.4%71.4%71.3%71.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders12,18513,75814,59019,74521,67636,33942,62941,40037,60836,53134,93033,752
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Namra Holdings And Consultancy Services LlpShareholding of Promoter and Promoter Group9%9,48,308
Elevation Capital V LimitedPublic Shareholding8.4%8,78,607
Ritaben Jayendrabhai PatelShareholding of Promoter and Promoter Group4.2%4,36,089
Jayendrabhai Bhailalbhai PatelShareholding of Promoter and Promoter Group4.1%4,27,937
Mukul Mahavir AgrawalPublic Shareholding3.8%4,00,000
Aalok Jayendrabhai PatelShareholding of Promoter and Promoter Group2.4%2,47,809
Jayendra Bhailal Patel HufShareholding of Promoter and Promoter Group1.9%1,96,000
Airavat Capital Trust - Airavat Capital Trust IiPublic Shareholding1.8%1,88,505
Abhishek Pradeepkumar BansalPublic Shareholding1.1%1,15,351
Dumt TradevestPublic Shareholding1%1,09,000
Sajni Aalok PatelShareholding of Promoter and Promoter Group0.4%41,316
Amit Rajnikant ManakiwalaShareholding of Promoter and Promoter Group0.1%9,700
Himani Amit ManakiwalaShareholding of Promoter and Promoter Group0.1%4,834
Maulik Amit ManakiwalaShareholding of Promoter and Promoter Group0%800
Akash Jayendra PatelShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Jayendra Bhailal Patel Huf00%2026-03-31
Jayendrabhai Bhailalbhai Patel00%2026-03-31
Amit Rajnikant Manakiwala00%2026-03-31
Ritaben Jayendrabhai Patel00%2026-03-31
Himani Amit Manakiwala00%2026-03-31
Aalok Jayendrabhai Patel00%2026-03-31
Maulik Amit Manakiwala00%2026-03-31
Sajni Aalok Patel00%2026-03-31
Akash Jayendra Patel00%2026-03-31
Namra Holdings And Consultancy Services Llp00%2026-03-31
Airavat Capital Trust - Airavat Capital Trust Ii00%2026-03-31
Abhishek Pradeepkumar Bansal00%2026-03-31
Board of Directors
NameDesignationYear
Alok PrasadChairman & Independent Directo2025
Jayendra B PatelVice Chairman, MD & CEO2025
AALOK JAYENDRABHAI PATELJoint MD & Executive Director2025
Aakash J PatelNon Executive Director2025
Ritaben J PatelNon Executive Director2025
Yash Kaushik ShahIndependent Non Exe. Director2025
Pinakin S. ShahIndependent Non Exe. Director2025
Geeta SolankiIndependent Non Exe. Director2025
Uttambhai PatelCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Financing₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10141010
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20251,4840012181,528
20251,4720010171,512
20258002112
Insider / Designated-Person Trades

26 recent disclosure(s)

Amit R. ManakiwalaDisposal · 300
Himani A. ManakiwalaDisposal · 450
Himani A. ManakiwalaDisposal · 500
Himani A. ManakiwalaDisposal · 454
Himani A. ManakiwalaDisposal · 241
Amit R. ManakiwalaDisposal · 400
Substantial Acquisitions (SAST)

10 disclosure(s)

Market14/11/2025 · 2,31,430
Market24/09/2025 · 300
Market10/06/2025 - 11/06/2025 · 950
Market29/03/2025 · 454
Market06/06/2024 · 2,78,417
Market26/12/2023 · 2,92,470
Company Information
Incorporated1992
ChairmanAlok Prasad
AuditorLaxminivas & Co
Investor Email[email protected]
🌐 www.armanindia.com ↗

📍 502-503 Sakar III, Off Ashram Road Opp Old High S, Ahmedabad, Gujarat, 380014

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