Debut Plus

₹1,411.7

▼ -40.37 -2.78%

As of 23 Oct 2026 · delayed

NSE Listed

Arman Financial Services Ltd. (ARMANFIN)

Volume: 1,06,987Avg Vol 1W: 55,656.6Avg Vol 1M: 46,749.1552W Range:₹1,301₹2,158.6
NSE BSE www.armanindia.com
Key Ratios
Checked 21h ago
Market Cap₹1,489 Cr
Current Price₹1,411.7
Previous Close₹1,452.07
High / Low (52w)₹2,158.6 / ₹1,301
Volume1,06,987
Avg Vol (1W)55,656.6
Avg Vol (1M)46,749.15
Stock P/E26.02
Book Value₹833.53
Dividend Yield—
ROE6.2%
ROA—
Revenue (TTM)₹730 Cr
Revenue Growth—
Profit Margin—
Total Debt₹888 Cr
Shares Outstanding—
Face Value₹10
EPS (TTM)₹49.64
P/B1.55
Debt / Equity1.75
50 DMA₹1,853
200 DMA₹1,705.31
Day change-2.78%
Price Chart
₹1,411.7▼ 16.78% · 1Y
₹2069₹13393.1L
2025-10-27
2026-10-23

20-day avg volume: 47K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 10% YoY.
  • Net profit is growing year over year.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue————————
EBITDA————————
Net Profit₹15 Cr₹-7 Cr₹13 Cr₹-15 Cr₹8 Cr₹22 Cr₹41 Cr₹45 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹730 Cr—————₹646 Cr—
EBITDA₹69 Cr—————₹77 Cr—
Net Profit₹52 Cr₹13 Cr₹12 Cr₹9 Cr₹9 Cr₹10 Cr₹57 Cr₹15 Cr
EPS49.26—————53.57—
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹753 Cr₹896 Cr₹940 Cr₹1,241 Cr₹2,038 Cr₹2,635 Cr₹2,227 Cr₹2,798 Cr
Total Liabilities₹630 Cr₹724 Cr₹754 Cr₹1,029 Cr₹1,672 Cr₹1,822 Cr₹1,353 Cr₹1,864 Cr
Equity₹123 Cr₹172 Cr₹187 Cr₹213 Cr₹366 Cr₹813 Cr₹874 Cr₹933 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-290 Cr₹-172 Cr₹-94 Cr₹-403 Cr₹-893 Cr₹-574 Cr₹151 Cr₹-831 Cr
Investing₹-1 Cr₹2 Cr₹2 Cr₹-2 Cr₹-13 Cr₹18 Cr₹-49 Cr₹-50 Cr
Financing₹252 Cr₹94 Cr₹22 Cr₹270 Cr₹681 Cr₹376 Cr₹-495 Cr₹546 Cr
Free Cash Flow₹-290 Cr₹-172 Cr₹-94 Cr₹-403 Cr₹-893 Cr₹-574 Cr₹151 Cr₹-831 Cr
Shareholding
Promoter 21.93% Institutions 8.32% Public 69.75%
Efficiency & Working Capital
ROCE10.4%
Interest Coverage1.4
Dividend Payout—
Debtor Days0 d
Inventory Days0 d
Payable Days1 d
Cash Conversion Cycle-1 d
Working Capital Days0 d
Shareholding Details

As of 2026-09-30

Promoter21.9%
FII2.8%
DII5.5%
Institutions8.3%
Public69.8%
Promoter Pledge0%
No. of Shareholders32,416
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters23.7%22.1%22.1%22.1%22.1%22.1%22%22%22%22%22%21.9%
FIIs7.3%10.2%5.2%4.9%2%1.2%1.4%1.8%1.7%2.6%3.1%2.8%
DIIs6.1%6.3%6.2%5%4.5%4.9%5.1%4.8%5%4.2%4.9%5.5%
Public62.9%61.4%66.6%68%71.5%71.8%71.4%71.4%71.3%71.2%70.1%69.8%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders14,59019,74521,67636,33942,62941,40037,60836,53134,93033,75232,07932,416
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Namra Holdings And Consultancy Services LlpShareholding of Promoter and Promoter Group9%9,48,308
Elevation Capital V LimitedPublic Shareholding7.6%7,99,048
Ritaben Jayendrabhai PatelShareholding of Promoter and Promoter Group4.1%4,36,089
Late 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
Investor Education And Protection Fund Authority Ministry Of Corporate AffairsPublic Shareholding1.8%1,85,960
Vinay Jaiprakash AmbekarPublic Shareholding1.1%1,20,501
Abhishek Pradeepkumar BansalPublic Shareholding1.1%1,15,351
Dumt TradevestPublic Shareholding1.1%1,13,000
Whiteoak Capital Special Opportunities FundPublic Shareholding1%1,08,113
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%4,334
Maulik Amit ManakiwalaShareholding of Promoter and Promoter Group0%800
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
2026₹10141111
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-12Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20251,4840012181,528
20251,4720010171,512
20258002112
Insider / Designated-Person Trades

1 recent disclosure(s)

Himani A. ManakiwalaDisposal · 500
Substantial Acquisitions (SAST)

1 disclosure(s)

Market14/11/2025 · 2,31,430
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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