Arman Financial Services
Arman Financial Services Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Arman Financial Services Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Arman Financial Services Ltd trades at a P/E of 31.63× and P/B of 1.91×, against the Financial Services sector median P/E of 18.42×.
Valuation
Profitability
Growth
Financial Health
Arman Financial Services Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Arman Financial Services Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Arman Financial Services Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Arman Financial Services Ltd, switchable between annual and quarterly views, consolidated or standalone.
Arman Financial Services Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,785.09 Cr and reported EPS of ₹53.63.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 80 | 141 | 212 | 191 | 234 | 424 | 661 | 730 | 646 |
| Other Income | 0 | 1 | 4 | 2 | 1 | 0 | 0 | 0 | 0 |
| Total Income | 80 | 141 | 215 | 193 | 235 | 424 | 662 | 730 | 646 |
| Gross Profit | 80 | 141 | 212 | 191 | 234 | 424 | 661 | 730 | 646 |
| +Operating Expenses | 34 | 47 | 53 | 49 | 62 | 81 | 101 | 156 | 213 |
| EBITDA | 46 | 93 | 159 | 142 | 172 | 343 | 560 | 574 | 433 |
| +Non-Operating Expenses | 37 | 63 | 88 | 78 | 90 | 173 | 267 | 241 | 207 |
| Profit Before Tax (PBT) | 10 | 31 | 54 | 12 | 46 | 125 | 228 | 69 | 77 |
| +Tax Expense | 2 | 9 | 12 | 1 | 14 | 31 | 55 | 17 | 21 |
| Profit After Tax (PAT) | 7 | 21 | 42 | 11 | 32 | 94 | 174 | 52 | 57 |
| Earnings Per Share (EPS) | 12.75 | 30.69 | 49.13 | 12.51 | 37.36 | 110.47 | 165.67 | 49.64 | 53.88 |
| Diluted Shares Outstanding (Nos.) | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| +Banking Income | 80 | 141 | 215 | 193 | 235 | 424 | 662 | 730 | 646 |
| +Additional Disclosures | 70 | 110 | 162 | 185 | 184 | 294 | 439 | 663 | 565 |
| Sales Growth % | — | 75.59 | 50.53 | -9.72 | 22.56 | 81.14 | 56.04 | 10.37 | -11.53 |
| YoY Sales Growth % | — | 75.59 | 50.53 | -9.72 | 22.56 | 81.14 | 56.04 | 10.37 | -11.53 |
| Employee Cost % | 20 | 19 | 17 | 19 | 18 | 13 | 11 | 15 | 23 |
| Other Cost % | 22 | 15 | 8 | 7 | 9 | 6 | 5 | 6 | 10 |
| OPM % | 58 | 66 | 75 | 75 | 74 | 81 | 85 | 79 | 67 |
| Tax % | 26 | 30 | 23 | 10 | 30 | 25 | 24 | 25 | 27 |
| Profit Growth % | — | 192.41 | 94.63 | -74.43 | 198.82 | 195.72 | 85.02 | -70.00 | 8.70 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | 46 | 93 | 158 | 141 | 171 | 342 | 559 | 573 | 431 |
Arman Financial Services segment analysis: revenue and profit mix.
Disclosed business segments at Arman Financial Services with their share of revenue and profit, switchable between consolidated and standalone reporting.
Arman Financial Services discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Arman Financial Services Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Arman Financial Services Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Arman Financial Services Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Strong operating profit margin of 38.45% indicates efficient cost management.
Respectable ROCE of 13.30% demonstrates effective capital utilization for profit generation.
Impressive 5-year revenue growth (CAGR 26.49%) indicates consistent business expansion.
Robust 5-year book value growth (CAGR 38.38%) strengthens the asset base.
Strong annual cash flow per share of 467.40 indicates robust liquidity.
What can break it.
Exceptionally high P/E ratio of 280.00 suggests significant overvaluation risk.
Substantial quarterly profit decline of -147.00% signals significant operational challenges.
High debt-to-equity ratio of 1.42 indicates significant financial leverage.
Relatively low promoter holding of 22% raises corporate governance concerns.
Negative 5-year EPS growth of -3.07% indicates declining earnings power.
What would change my mind.
Trim if P/E re-rates above 41 (~2.2× the sector multiple of 18.4). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 190.76. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Arman Financial Services Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Arman Financial Services Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Arman Financial Services Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Arman Financial Services Ltd — derived from the live tape, not yesterday's close.
Arman Financial Services Ltd last traded at ₹1,694.2 with an intraday range of ₹1,675.8–₹1,711.1 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹1694.20| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1782.20 | +88.00 | +5.19% |
| R3 | 1746.90 | +52.70 | +3.11% |
| R2 | 1729.00 | +34.80 | +2.05% |
| R1 | 1711.60 | +17.40 | +1.03% |
| PIVOT | 1693.70 | -0.50 | -0.03% |
| CURRENT | 1694.20 | — | — |
| S1 | 1605.70 | -88.50 | -5.22% |
| S2 | 1641.00 | -53.20 | -3.14% |
| S3 | 1658.40 | -35.80 | -2.11% |
| S4 | 1676.30 | -17.90 | -1.06% |
ARMANFIN is trading Above CPR, indicating Bullishness
CPR is Narrower, suggesting likely for trending moves
Day's range: 1683.7 ~ 1701.7
Trading Inside opening range
Arman Financial Services Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Arman Financial Services Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Arman Financial Services Ltd stood at 52.5% of traded volume, against a 20-day average of 53.0%.
Arman Financial Services announcements: results, concalls, ratings, M&A.
Filings Arman Financial Services sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Arman Financial Services files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 90 documents below.
Disclosure under SEBI Takeover Regulations
Jayendrabhai Bhailalbhai Patel has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of…
Analysts/Institutional Investor Meet/Con. Call Updates
Arman Financial Services Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
Arman Financial Services Limited has informed the Exchange about Schedule of meet
Copy of Newspaper Publication
Arman Financial Services Limited has informed the Exchange about Copy of Newspaper Publication for the Quarter and Year ended on March 31, 2026.
Press Release
Arman Financial Services Limited has informed the Exchange regarding a press release dated May 28, 2026, titled "Press Release on Financials Results…
Investor decks & rating reports.
Credit Rating- New
Credit Rating- New
Credit Rating- Revision
Credit Rating- Revision
Credit Rating- Revision
Arman Financial Services insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Arman Financial Services as reported to SEBI — buying and selling signals from the people who know the business best.
Arman Financial Services insider activity below tracks 3 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Himani A. Manakiwala | Insider | 11 Jun 2025 | sell | −450 | ₹7.88 L | ₹1,750.00 |
| Himani A. Manakiwala | Insider | 10 Jun 2025 | sell | −500 | ₹8.75 L | ₹1,750.00 |
| Himani A. Manakiwala | Insider | 27 Feb 2025 | sell | −241 | ₹3.19 L | ₹1,325.00 |
Arman Financial Services dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Arman Financial Services has declared, sequenced by announce and record date.
Arman Financial Services corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Arman Financial Services Ltd: business, sector, key facts.
What Arman Financial Services Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Arman Financial Services Ltd operates in the Financial Services, listed as NSE: ARMANFIN, BSE: 531179.
Arman Financial Services Limited (AFSL), along with its subsidiary Namra Finance Limited, is a prominent non-banking finance company (NBFC) operating within India's dynamic financial landscape. Its core business revolves around providing a diverse range of financial products and services catering to a broad spectrum of borrowers.
A significant portion of AFSL's business is dedicated to microfinance loans, targeting individuals and small businesses with limited access to traditional banking services. This commitment to inclusive finance reflects a socially responsible approach, empowering marginalized communities through access to credit. The company also extends its services to the Micro, Small, and Medium Enterprises (MSME) sector, a crucial engine of economic growth in India. These loans are designed to support the operational needs and expansion plans of these businesses, contributing to overall economic development.
Beyond microfinance and MSME lending, AFSL offers a more specialized portfolio of financial services. Two-wheeler finance provides financing options for individuals purchasing motorcycles and scooters, a popular mode of transportation in India. Individual business loans offer flexible financing solutions for entrepreneurs launching or expanding their ventures, supporting growth within the private sector. Finally, the company also provides loans secured against property, acting as a viable alternative financing option for individuals requiring larger loan amounts.
AFSL’s operational strategy relies on a well-established network of branches and dealers, ensuring widespread accessibility to its financial products. This multi-channel distribution approach allows the company to reach customers across various geographical locations and socioeconomic backgrounds. The company's history dates back to 1992, initially operating under the name Arman Lease and Finance Limited. The name changed to Arman Financial Services Limited in November 2008, reflecting the evolution of its business and service offerings. The company's headquarters are located in Ahmedabad, a major city in the western Indian state of Gujarat.
Questions investors ask about Arman Financial Services Ltd (ARMANFIN).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Arman Financial Services Ltd (ARMANFIN)?
The current share price of Arman Financial Services Ltd (ARMANFIN) is ₹1,694.2. Today, the stock has declined by ₹1.90 (0.11%), trading in a range of ₹1,675.8 to ₹1,711.1. The stock opened at ₹1,701.7 with a trading volume of 15,063 shares.
02Is Arman Financial Services Ltd stock a good investment for long-term?
Arman Financial Services Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,785.09 crores, P/E ratio of 31.63, ROE of 6.26%, and ROCE of 13.30%. The dividend yield stands at 0.00%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Arman Financial Services Ltd stock?
The 52-week high price of Arman Financial Services Ltd (ARMANFIN) is ₹1,906.6, while the 52-week low is ₹1,270. Currently trading at ₹1,694.2, the stock is 66.6% away from its 52-week low and 11.1% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Arman Financial Services Ltd stock at the current price?
Whether to buy Arman Financial Services Ltd stock at ₹1,694.2 depends on multiple factors. The stock is currently trading with a P/E ratio of 31.63 and P/B ratio of 1.91. Today's performance shows a loss of 0.11%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Arman Financial Services Ltd and when is the next dividend?
Arman Financial Services Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹1,694.2, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Arman Financial Services Ltd?
Arman Financial Services Ltd's key financial metrics include: P/E Ratio: 31.63, P/B Ratio: 1.91, ROE: 6.26%, ROCE: 13.30%, Dividend Yield: 0.00%, EPS: ₹53.63, Book Value: ₹888.88, and Debt-to-Equity: 190.26. The company's market cap stands at ₹1,785.09 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Arman Financial Services Ltd stock performing today in the market?
Arman Financial Services Ltd stock opened at ₹1,701.7 and is currently trading at ₹1,694.2, showing a decline of ₹1.90 (0.11%). The intraday high is ₹1,711.1 and low is ₹1,675.8. The trading volume stands at 15,063 shares, indicating moderate market participation today.
08What is the P/E ratio of Arman Financial Services Ltd and what does it indicate?
Arman Financial Services Ltd has a Price-to-Earnings (P/E) ratio of 31.63, which means investors are willing to pay ₹31.63 for every ₹1 of earnings. With an EPS of ₹53.63, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Arman Financial Services Ltd (ARMANFIN) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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