ARMANFIN
Arman Financial Services Limited (ARMANFIN) Stock Analysis
Arman Financial Services Limited is an Indian NBFC providing microfinance and small business loans. It lends to underserved borrowers in rural and semi-urban areas through joint liability groups and individual loans. The company is active in Gujarat and neighboring states. It is a listed microfinance stock.
Financial Services › Credit Services
₹1,694.20
-3.98% 1W | +11.20% 52W
Market Cap
1.8k CR
P/E Ratio
15.4
52W High
₹2158.6
52W Low
₹1301
Div. Yield
0%
Beta
0.3
50 DMA
₹1942.4
200 DMA
₹1700.7
Profit Margin
30.8%
Inst. Own.
11.4%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 150 | 160 | 169 | 183 | 184 | 181 | 165 | 199 | 151 | 159 | 160 | 176 | 202 |
| Interest | 64 | 67 | 71 | 63 | 65 | 65 | 57 | 52 | 52 | 50 | 51 | 53 | 64 |
| Expenses | 35 | 34 | 42 | 55 | 78 | 93 | 114 | 134 | 110 | 91 | 80 | 80 | 80 |
| Financing Profit | 50 | 59 | 56 | 65 | 41 | 23 | -6 | 13 | -11 | 18 | 29 | 42 | 58 |
| Financing Margin % | 34% | 37% | 33% | 36% | 22% | 13% | -4% | 7% | -7% | 12% | 18% | 24% | 29% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 50 | 58 | 55 | 65 | 41 | 22 | -7 | 13 | -11 | 18 | 29 | 42 | 57 |
| Tax % | 20% | 30% | 24% | 21% | 24% | 32% | 5% | -1% | 31% | 55% | 22% | 3% | 21% |
| Net Profit | 40 | 41 | 42 | 51 | 31 | 15 | -7 | 13 | -15 | 8 | 22 | 41 | 45 |
| EPS in Rs | 47.02 | 46.86 | 42.91 | 48.51 | 29.87 | 14.56 | -6.92 | 12.16 | -13.90 | 7.60 | 21.10 | 39.01 | 42.96 |
| Gross NPA % | 2.50% | 2.48% | 2.83% | 2.88% | 2.68% | 3.74% | 4.13% | 3.37% | 3.45% | 3.70% | 3.46% | 3.43% | 2.76% |
| Net NPA % | 0.10% | 0.23% | 0.33% | 0.31% | 0.22% | 0.64% | 0.67% | 0.55% | 0.51% | 0.50% | 0.79% | 0.93% | 0.84% |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 30 | 41 | 54 | 78 | 139 | 214 | 195 | 235 | 424 | 661 | 730 | 646 | 697 |
| Interest | 11 | 16 | 24 | 34 | 59 | 88 | 79 | 89 | 172 | 266 | 240 | 206 | 217 |
| Expenses | 9 | 12 | 20 | 34 | 44 | 72 | 103 | 99 | 126 | 166 | 419 | 361 | 332 |
| Financing Profit | 9 | 12 | 10 | 10 | 37 | 53 | 13 | 46 | 126 | 229 | 71 | 79 | 147 |
| Financing Margin % | 32% | 30% | 19% | 13% | 26% | 25% | 6% | 20% | 30% | 35% | 10% | 12% | 21% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 9 | 12 | 10 | 10 | 36 | 54 | 12 | 46 | 125 | 228 | 69 | 77 | 146 |
| Tax % | 33% | 34% | 36% | 26% | 27% | 23% | 10% | 30% | 25% | 24% | 25% | 27% | |
| Net Profit | 6 | 8 | 6 | 7 | 26 | 42 | 11 | 32 | 94 | 174 | 52 | 57 | 116 |
| EPS in Rs | 10.77 | 13.99 | 11.05 | 12.76 | 45.98 | 49.13 | 12.51 | 37.35 | 110.46 | 165.67 | 49.64 | 53.85 | 110.67 |
| Dividend Payout % | 13% | 12% | 11% | 9% | 4% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 15.0% | 27.0% | 32.0% |
| Profit CAGR | -16.0% | 40.0% | 22.0% |
Shareholding Pattern
Promoters22.05%
FIIs1.42%
DIIs5.08%
Public71.45%
Promoters22.00%
FIIs1.80%
DIIs4.83%
Public71.37%
Promoters22.00%
FIIs1.69%
DIIs5.03%
Public71.29%
Promoters22.00%
FIIs2.61%
DIIs4.18%
Public71.20%
Promoters22.00%
FIIs3.08%
DIIs4.85%
Public70.07%
Promoters27.31%
FIIs5.04%
DIIs0.76%
Public66.89%
Promoters22.09%
FIIs10.20%
DIIs6.29%
Public61.41%
Promoters22.06%
FIIs1.19%
DIIs4.91%
Public71.82%
Promoters22.00%
FIIs2.61%
DIIs4.18%
Public71.20%
Promoters22.00%
FIIs3.08%
DIIs4.85%
Public70.07%
ARMANFIN
Holdings Analysis
Key strengths & risk signals
51
Overall
50
Fundamental
53
Technical
Risks (4)
Cannot calculate PEG - insufficient growth data.
WEAK POSITION! Current price (1694.2) is below both moving averages.
NEGATIVE MOMENTUM! Price declined across timeframes - down 4.0% (1 week), 16.8% (1 month), 6.5% (3 months).
BEARISH SENTIMENT! In last 30 days: 11 up days, 19 down days. Avg volume on up days: 29,078 vs down days: 38,024. Ratio: 0.76x
Strengths (4)
EXCELLENT EFFICIENCY! 30.8% profit margin - company keeps strong profits.
BULLISH TREND! 50-day average (1942.4) is above 200-day average (1700.7) - positive signal.
LOW VOLATILITY! Beta of 0.30 - stable stock, less market risk.
APPROACHING OVERSOLD! RSI at 31.0 - watch for reversal.
Fundamental & Technical Analysis
51Overall
50Fundamental
53Technical
Fundamental Breakdown
Growth Quality
13/30
Revenue CAGR: 14.7% (GOOD, 11/15). Profit CAGR: -15.5% (DECLINING, 2/15).
Profit Margin
10/10
EXCELLENT EFFICIENCY! 30.8% profit margin - company keeps strong profits.
PEG Valuation
1/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 67.05% public ownership - higher volatility risk.
Stability Index
8/10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (1942.4) is above 200-day average (1700.7) - positive signal.
Price Position
2/10
WEAK POSITION! Current price (1694.2) is below both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
6/10
POSITIVE YEAR! Stock gained 11.2% in the last year.
Volume Sentiment
10/30
BEARISH SENTIMENT! In last 30 days: 11 up days, 19 down days. Avg volume on up days: 29,078 vs down days: 38,024. Ratio: 0.76x
RSI
4/5
APPROACHING OVERSOLD! RSI at 31.0 - watch for reversal.
52W Range
3/5
MID RANGE! Trading at 45.8% of 52W range - neutral zone.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 4.0% (1 week), 16.8% (1 month), 6.5% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.30 - stable stock, less market risk.
ARMANFIN
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-06-05 | Concall PDF | |
| Q3FY262026-02-20 | Concall PDF | |
| Q2FY262025-11-20 | Concall PDF |
Peer Comparison
Financial Services · Credit Services · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARMANFIN | ₹1,694.20 | 15.4 | 30.8% | 14.7% | -15.5% | +11.2% | 51 | BREAKDOWN | -409.6% | +10.2% | +31.7% | +15.8% |
| PFS | ₹26.60 | 7.7 | 63.4% | -15.8% | 22.0% | -24.6% | 58 | HIT RESISTANCE | -70.6% | -11.6% | -33.9% | -19.4% |
| SPANDANA | ₹211.10 | – | -116.2% | -10.3% | – | -14.5% | 37 | BREAKDOWN | -103.3% | +124.5% | -1.2% | +20.9% |
| UGROCAP | ₹79.90 | 5.6 | 24.0% | 42.4% | 63.8% | -55.3% | 64 | APPROACHING SUPPORT | +99.1% | +32.9% | +27.5% | -8.3% |
| FEDDERSHOL | ₹59.80 | 14 | 25.5% | 42.3% | 64.0% | +50.6% | 75 | CONSOLIDATING DOWN | -34.5% | -54.4% | -11.0% | -48.6% |
| SATIN | ₹223.90 | 6 | 25.3% | 23.5% | 310.2% | +52.1% | 71 | CONSOLIDATING DOWN | +172.1% | -24.3% | +16.5% | +13.0% |
| FUSION | ₹164.00 | 16 | 19.6% | -1.6% | -67.0% | -12.5% | 47 | APPROACHING SUPPORT | -167.7% | -45.4% | -5.1% | +7.7% |
| MUFIN | ₹130.40 | 63 | 41.1% | 82.6% | 51.6% | +51.9% | 82 | APPROACHING SUPPORT | +300.0% | +26.1% | +57.4% | +19.5% |
Data from TradeAlone · Updated daily
ARMANFIN News
Arman Financial Services Limited Q1fy27: Profit After Tax Up 33.7% Y-o-y2026-08-13Arman Financial Services Limited (NSE: Armanfin) Q1 FY27: AUM Reaches INR 2,925 Crore, Disbursements Hit Record High2026-08-12Arman Financial Services Limited (NSE: Armanfin) Q4 FY26: Profit After Tax Up 221%, AUM Reaches INR 2,728 Crore2026-05-28
