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Arman Financial Services Ltd (ARMANFIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531179 NSE: ARMANFIN Finance - NBFC | Small Cap | Arman Financial Serv Share Price

₹1,593.55 0.50 (0.03%)

As on 05-Jun'26 09:55

Arman Financial Services Ltd (ARMANFIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531179 NSE: ARMANFIN Finance - NBFC | Small Cap | Arman Financial Serv Share Price

₹1,593.55 0.50 (0.03%)

As on 05-Jun'26 09:55

Key Metrics
Valuation Multiples
Market Cap
₹1,675 Cr.
Current Price
₹1,593.6
52-Week Low / High
₹1,256 / 1,903
TTM EPS
₹38.6
Book Value per Share
₹601.5
P/E Ratio
41.25
Lower than its 5-year historical median
Industry PE
25.6
Price to Book (P/B)
2.65
Lower than its 5-year historical median
EV/EBITDA
16.22
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
7.83%
Return on Capital Employed (ROCE)
11.19%
Return on Assets (ROA)
4.58%
Growth Momentum
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Improving versus 3-year growth rate
57.16%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
8.58%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.99%
TTM Sales
₹216 Cr.
Reserves
₹622 Cr.
Equity
₹10.5 Cr.
Face Value
₹10
All Time Low / High
₹0.46 / 2676.10

Arman Financial Services stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Arman Financial Services Ltd a good quality company?
Arman Financial Services Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.

  • How efficiently has it grown and managed operations?

    By checking its Total Asset growth.

  • How strong is its Capital position and Asset Quality?

    By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.

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How does Arman Financial Services Ltd performance compare with that of its Peers?
Q.1 AUM Growth of Arman Financial Services Ltd vs Industry Peers?
Arman Financial Services Ltd AUM CAGR is 27.5%, compared to the 5-year industry median CAGR of 9.68%, indicating faster growth and gaining its market share.
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Q.1 Promoter shareholding and pledge status of Arman Financial Services Ltd?
Promoters hold 22.00% of the Arman Financial Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Arman Financial Services Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 25.4% based on the current price.
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10 Year X-Ray : Login to view analysis.

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Operating Income (₹ Cr.)15.916.627.346.667.160.663.394.4134182216
YoY Gr. Rt. %-4%64.9%70.7%44%-9.7%4.4%49.2%41.4%36.2%-
Adj EPS (₹ ) 3.63.64.617.821.69.419.133.436.241.238.6
YoY Gr. Rt. %-0.3%28.3%283.8%21.4%-56.4%103%74.7%8.3%13.8%-
BVPS (₹ )51.555.158.1136.6142.1150.4165.9269.8504.3547.5601.5
YoY Gr. Rt. %-7%5.3%135.2%4%5.9%10.3%62.7%86.9%8.6%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)2.82.72.55.86.32.656.15.24.60

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Net Interest Income31.1%22.1%42.2%36.2%
Adj EPS31.1%13.8%29.1%13.8%
BVPS30%31%48.9%8.6%
Share Price 21.6% 21.2% -7.3% 4.8%

Key Financial Ratios

RATIOS \ YEARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
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 (%)15.715.111.726.527.213.225.730.128.423.718.8
Performance Ratios To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)7.16.88.218.3176.512.115.3107.86.4

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income + 1617294870646696138185
Interest Income1617274767616394134182
Other Income ⓘ 1133718821034
Exceptional Items ⓘ 0012333253
Expenditure ⓘ + 121324334754455990127
Interest Expense ⓘ 651116222018314644
Operating Expenses ⓘ 671114181619253449
Provisions 1133718821034
Exceptional Items ⓘ 0000000000
Profit Before Tax ⓘ 4441623921384858
Taxes ⓘ 111351591015
Profit After Tax 2231218816283843
Adjusted EPS (₹)3.63.64.617.821.69.419.133.436.241.2
Dividend Payout Ratio (%)38.90%27.70%21.60%7.90%0%0%0%0%0%0%

Valuation of Arman Financial Serv - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital +36384096121128141229535586
Share Capital ⓘ 777788881010
Reserves ⓘ 29313389112119132221524575
Short term borrowings3145503522401558173285
Long Term Borrowings101040135158125180289117120
Current Liabilities 3950774027492374203325
Trade Payables0000001000
Other Liabilities-31-45-50-35-22-40-15-59-174-286
Total Liabilities ⓘ 84981572713063013435928551,031

Assets

Non Current Asset +354783607481115227686927
Loan Asset 00000000407553
Other Non Current Asset ⓘ 354783607481115227279374
Current Asset +505174211232220229365169104
Current Investment0000000045
Other Current Asset50517421123222022936516499
Total Assets ⓘ 84981572713063013435928551,031

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ 82-33-76-866-16-136-86-96
Cash Flow From Investing Activity ⓘ -1-5-11-25-100-27-100-77-92
Cash Flow From Financing Activity ⓘ -1734410514-1825206232124
Net Cash Flow ⓘ -10-104-449-18-3068-65

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios
EPS (₹)3.603.604.6017.8021.609.4019.1033.4036.2041.20
DPS (₹)1.40111.40000000
BVPS (₹)51.555.158.1136.6142.1150.4165.9269.8504.3547.5

Performance Ratios

ROA (%)2.82.72.55.86.32.65.06.15.24.6
ROE (%)7.16.88.218.317.06.512.115.310.07.8
ROCE (%)12.010.813.515.916.410.413.115.713.711.2

Valuation Parameters

Price/Book(x)2.83.45.32.82.94.16.04.93.72.4

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Arman Financial Services Ltd FAQs

The current trading price of Arman Financial Serv on 05-Jun-2026 09:55 is ₹1,593.6.

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 04-Jun-2026 the market cap of Arman Financial Serv stood at ₹1,675.1 Cr

The latest P/E ratio of Arman Financial Serv as of 04-Jun-2026 is 41.25.

The latest P/B ratio of Arman Financial Serv as of 04-Jun-2026 is 2.65.

The 52-week high of Arman Financial Serv is ₹1,903.2 and the 52-week low is ₹1,256.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Arman Financial Serv is ₹216 ( Cr.) .

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

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

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

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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