Arman Financial Services Ltd - Stock Valuation and Financial Performance

BSE: 531179 | NSE: ARMANFIN | Finance - NBFC | Small Cap

Arman Financial Serv Share Price

1,816.50 -43.60 -2.34%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Arman Financial Serv

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Arman Financial Services stock performance -

mw4me loader
P/E Ratio (SA):
54.07
Market Cap:
1,802.7 Cr.
52-wk low:
1,310.6
52-wk high:
2,676.1

Is Arman Financial Services Ltd an attractive stock to invest in?

1. Is Arman Financial Services Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Arman Financial Services Ltd is a below average quality company.

2. Is Arman Financial Services Ltd undervalued or overvalued?

The key valuation ratios of Arman Financial Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Arman Financial Services Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Arman Financial Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Arman Financial Serv:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Arman Financial Services Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)18.315.215.916.627.346.667.160.663.394.4121
YoY Gr. Rt. %--16.6%4.5%4%64.9%70.6%44%-9.7%4.4%49.2%-
Adj EPS (₹ ) 4.943.63.64.617.821.69.419.133.434.1
YoY Gr. Rt. %--18.7%-10.2%0.3%28.3%283.8%21.4%-56.4%103%74.7%-
BVPS (₹ )47.149.651.555.158.1136.6142.1150.4165.9269.8521.3
YoY Gr. Rt. %-5.3%3.9%7%5.3%135.2%4%5.9%10.3%62.7%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)4.13.22.82.72.55.86.32.656.10

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income20%28.2%12%49.2%
Adj EPS23.7%48.5%15.7%74.7%
BVPS21.4%36%23.8%62.7%
Share Price 58.1% 36.5% 43.3% 34.5%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)18.718.215.715.111.726.527.213.225.730.127.5
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)12.48.37.16.88.218.3176.512.115.36.5

Recent Performance Summary

Total Income has increased 12.04 CAGR in last 3 years

Net Profit has increased 15.67 CAGR in last 3 years

Total income growth is good in last 4 quarters

Return on Equity has declined versus last 3 years average to 8.60%

Latest Financials - Arman Financial Services Ltd.

Standalone Consolidated
TTM EPS (₹) 34.1 162.4
TTM Sales (₹ Cr.) 121 600
BVPS (₹.) 521.3 761.4
Reserves (₹ Cr.) 500 735
P/BV 3.53 2.42
PE 54.07 11.34
From the Market
52 Week Low / High (₹) 1310.55 / 2676.10
All Time Low / High (₹) 0.46 / 2676.10
Market Cap (₹ Cr.) 1,803
Equity (₹ Cr.) 9.8
Face Value (₹) 10
Industry PE 31

Management X-Ray of Arman Financial Serv:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Arman Financial Serv

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income181516172948706466102
Interest Income18151617274767616394
Other Income 0000123338
Expenditure 13111213243347544565
Interest Expense 7665111622201831
Operating Expenses 6567111418161925
Provisions 11113371889
Exceptional Items 0000000000
Profit Before Tax 54444162392138
Taxes 2111135159
Profit After Tax 33223121881628
Adjusted EPS (₹)4.94.03.63.64.617.821.69.419.133.4
Dividend Payout Ratio (%)20%30%39%28%22%8%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital333436384096121128141229
Share Capital 7777778888
Reserves 262729313389112119132221
Minority Interest0000000000
Long Term Borrowings1315101040135158125180289
Current Liabilities 37433950774027492374
Trade Payables0000000010
Short term borrowings27323145503522401558
Other Liabilities-27-32-31-45-50-35-22-40-15-59
Total Liabilities 83928498157271306301343592

Assets

Non Current Asset 2934354783607481115227
Loan Asset 0000000000
Other Non Current Asset 2934354783607481115227
Current Asset 5458505174211232220229365
Current Investment0000000000
Other Current Asset5458505174211232220229365
Total Assets 83928498157271306301343592

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 29-282-33-76-866-16-136
Cash Flow From Investing Activity -5-1-1-5-11-25-100-27-100
Cash Flow From Financing Activity -150-1734410514-1825206
Net Cash Flow 9-3-10-104-449-18-30
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)54445182291933
DPS (₹)1111110000
BVPS (₹)4750525558137142150166270

Performance Ratios

ROA (%)4.13.22.82.72.55.86.32.65.06.1
ROE (%)12.48.37.16.88.218.317.06.512.115.3
ROCE (%)15.112.412.010.813.515.916.410.413.115.7

Valuation Parameters

Price/Book(x)0.42.52.83.45.32.82.94.16.04.9

Arman Financial Services Ltd Stock News

Arman Financial Services Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Arman Financial Serv on 28-Mar-2024 16:01 is ₹1,816.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Arman Financial Serv stood at ₹1,802.7.
The latest P/E ratio of Arman Financial Serv as of 28-Mar-2024 16:01 is 54.07.
The latest P/B ratio of Arman Financial Serv as of 28-Mar-2024 16:01 is 3.53.
The 52-week high of Arman Financial Serv is ₹2,676.1 and the 52-week low is ₹1,310.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Arman Financial Serv is ₹121.3 ( Cr.) .

About Arman Financial Services Ltd

Arman Financial Services is a category A non-banking finance company was originally incorporated on 26th November, 1992 as an erstwhile Arman Lease & Finance Ltd. The company is a public limited listed company. The registered office of the company is located 502-503, Sakar III, Opposite Old High Court, Ahmedabad-380014, Gujarat.

The main objects of the company consist of providing a wide spectrum of financial services both Fund based and Non Fund Based activities which includes term loans, collateral free credit, other forms of credits, thrift and savings and insurance. Arman also plans to render financial services to people by acting as intermediary for banks and financial institutions in the cities, towns, villages of India. The company provides loans for two wheelers, used cars, rickshaws and personal loans. It provides a wide spectrum of financial services like lease/hire purchase, hypothecation, bill discounting, investment in primary and secondary market, merchant banking, portfolio management, loan syndication and loans for education, marriage, travel, and other services.

Arman has rich experience in two and three wheeler segment with all it’s clientele based in Ahmedabad. The company has a database of 20,000 clients with proven credit worthiness which is advantageous for a personal loan or a repeat vehicle loan. The Company was originally rated by ICRA, the noted rating agency and it was assigned credit rating of `7’ which was indicative of safe borrowing from the Bank.

The company has been rated 4 different times by noted rating agency called M-Cril and company has each time received Alpha Minus which is an investment grade. The last time in March 2009 the company received even Alpha for its financial performance.

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