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Arfin India Ltd (ARFIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539151 NSE: ARFIN Aluminium & Aluminium Products | Small Cap | Arfin India Share Price

₹83.28 1.26 (1.54%)

As on 11-Jun'26 16:59

Arfin India Ltd (ARFIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539151 NSE: ARFIN Aluminium & Aluminium Products | Small Cap | Arfin India Share Price

₹83.28 1.26 (1.54%)

As on 11-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,405 Cr.
Current Price
₹83.3
52-Week Low / High
₹23 / 106
TTM EPS
₹0.8
TTM Sales
₹625 Cr.
Book Value per Share
₹10
P/E Ratio
103.34
Higher than its 5-year historical median
Industry PE
12.2
Price to Book (P/B)
8.34
Higher than its 5-year historical median
Price to Sales (P/S)
2.25
Higher than its 5-year historical median
EV/EBITDA
34.23
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
7.24%
Outperforms industry median
Return on Capital Employed (ROCE)
13.98%
Outperforms industry median
Return on Assets (ROA)
2.91%
Operating Profit Margin
5.9%
Net Profit Margin
1.49%
Gross Profit Margin
2.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.06%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
20.2%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
11.31%
Asset Quality
Promoter Holding
69.77%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹152 Cr.
Equity
₹16.9 Cr.
Face Value
₹1
All Time Low / High
₹0.69 / 106.24

Arfin India 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 Arfin India Ltd a good quality company?
Arfin India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Arfin India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Arfin India Ltd vs industry peers?
Arfin India Ltd revenue CAGR is 11.42%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Arfin India Ltd?
Promoters hold 69.77% of the Arfin India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Arfin India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 41.1% based on the current price.

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.
Arfin India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 25%28.8%30%11.7%-3.7%8.9%12.1%13.1%13.6%14%-
Value Creation
Index
0.81.11.1-0.2-1.3-0.4-0.1-0.10.0-0-

Growth Parameters

Sales 286363471413359303526544535616625
Sales YoY Gr.-27.1%29.7%-12.4%-13.2%-15.4%73.4%3.4%-1.6%15.1%-
Adj EPS 0.60.91.40.4-1.40.20.50.60.50.50.8
YoY Gr.-43.6%52.8%-70.6%-455%NA205.9%5.8%-16.4%13%-
BVPS (₹) 2.23.85.25.444.34.95.56.19.310
Adj Net
Profit
6.713.121.66.4-22.62.78.28.87.38.814
Cash Flow from Ops. -1.5-21.6-10.113.223.51111.329.44.6-21.2-
Debt/CF from Ops. -28.9-2.9-9.48.64.79.99.93.825.8-5.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.9%11.4%5.4%15.1%
Adj EPS -1.9%NA0%13%
BVPS17.4%18.2%24.2%53.4%
Share Price 37.2% 61.3% 37.3% 222.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
32.333.231.37.6-29.94.111.310.67.978.4
Op. Profit
Mgn %
5.27.59.65.7-1.65.44.64.85.65.96.9
Net Profit
Mgn %
2.33.64.61.6-6.30.91.61.61.41.42.2
Debt to
Equity
1.91.11.21.31.71.61.51.31.30.80.1
Working Cap
Days
961029912212915610511012012685
Cash Conv.
Cycle
365771991051016262637332

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales286363471413359303526544535616
Operating Expenses + 271336426389364287502518505579
Manufacturing Costs10132124232131343233
Material Costs234282371329291242438457439510
Employee Cost 2345446787
Other Costs 26393032452028212629
Operating Profit 15274523-61624263036
Operating Profit Margin (%) 5.1%7.5%9.5%5.7%-1.6%5.4%4.6%4.8%5.6%5.9%
Other Income + 1111222322
Exceptional Items 0000000000
Interest 561012141112141920
Depreciation 1122333444
Profit Before Tax 10203410-20510111014
Tax 37124111115
Profit After Tax 713227-22491089
PAT Margin (%) 2.3%3.6%4.6%1.6%-6.0%1.3%1.8%1.9%1.5%1.5%
Adjusted EPS (₹)0.60.91.40.4-1.40.30.60.70.50.5
Dividend Payout Ratio (%)6.90%6.20%12.20%0%0%0%0%0%0%0%

Valuation of Arfin India - 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

Shareholders Fund + 245583866568788896157
Share Capital 341316161616161617
Reserves 215169704952627280140
Debt +436193112107104105106110105
Long Term Debt1151111133538352823
Short Term Debt325682101946968708382
Minority Interest0000000000
Trade Payables46352219184853626663
Others Liabilities 6101589911111319
Total Liabilities 119160213224199230247267285344

Fixed Assets

Net Fixed Assets +14213038466162656664
Gross Block17253545567477838790
Accumulated Depreciation2357101215182226
CWIP 4010171300104
Investments 0445500000
Inventories62718010396111101112149182
Trade Receivables33587650314374575352
Cash Equivalents 4343311925
Others Assets 22885139231536
Total Assets 119160213224199230247267285344

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -2-22-1013231111295-21
PBT 10203410-21510111014
Adjustment 571114161416182223
Changes in Working Capital -16-45-48130-7-14-0-25-56
Tax Paid 0-4-8-11-2001-3-2
Cash Flow From Investing Activity + -4-7-20-17-50-3-8-4-9
Capex -3-4-11-10-10-18-3-7-3-2
Net Investments 0-3-0006-0-0-0-3
Others -10-9-75130-10-3
Cash Flow From Financing Activity + 629304-18-12-8-14-830
Net Proceeds from Shares 018700000053
Net Proceeds from Borrowing 0-6703244-2-5-2
Interest Paid -5-6-9-12-14-11-12-14-18-20
Dividend Paid 0-1-1-3000000
Others 10242618-7-251315-0
Net Cash Flow 00-0-00-007-70

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)31.8733.1231.637.83-28.926.1112.7112.548.957.24
ROCE (%)24.9728.830.0211.65-3.668.9112.1413.0613.6213.98
Asset Turnover Ratio3.062.912.932.211.951.622.552.432.252.25
PAT to CFO Conversion(x)-0.29-1.69-0.451.86N/A2.751.222.90.63-2.33
Working Capital Days
Receivable Days324144.8047.5035.9038.703538.2032.5027.20
Inventory Days60.5059.9050.6069.2088.3010963.9062.3076.5085.20
Payable Days63.9052.802822.4023.2049.904245.9053.1046.10

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

Arfin India Ltd FAQs

The current trading price of Arfin India on 11-Jun-2026 16:59 is ₹83.28.

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 10-Jun-2026 the market cap of Arfin India stood at ₹1,405.1 Cr

The latest P/E ratio of Arfin India as of 10-Jun-2026 is 103.3.

The latest P/B ratio of Arfin India as of 10-Jun-2026 is 8.34.

The 52-week high of Arfin India is ₹106.2 and the 52-week low is ₹23.06.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Arfin India is ₹625 ( Cr.) .

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

The key valuation ratios of Arfin India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Arfin India Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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