1. India Stocks

  2. •

    Basic Materials

  3. •

    Aluminum
Arfin India Limited

Arfin India Limited

ARFIN.BO
Arfin India LimitedIN flagBombay Stock Exchange
90.96
INR
-1.55
- -
15.35BMarket Cap
Arfin India Limited
ARFIN.BO
(Bombay Stock Exchange)

Recent

price

90.96

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
235.91
251.13
294.02
644.01
289.38
225.21
190.57
33.03
34.18
33.49
36.35
36.8
36.13
Revenue per Share
4.41
6.08
11.13
29.98
4.61
-13.57
2.53
0.58
0.65
0.52
0.54
0.92
0.9
Basic EPS, GAAP
2.65
-4.04
-22.38
-42.4
-3.04
8.01
-5.63
0.49
1.32
0.08
-1.6
0.44
- -
Free Cash Flow per Basic Share
- -
-0.27
0.45
1.35
2.24
- -
- -
- -
- -
- -
- -
0.11
- -
Dividend per Share
11.89
16.99
26.48
71.54
38.38
20.81
23.34
2.91
3.56
4.08
4.34
1
0.99
Book Value per Share
16.71
22.38
46.94
114.18
60.56
40.82
43.02
4.89
5.54
6.06
9.26
10.14
9.96
Tangible Book Value per Share
11
11
12
7
14
16
16
159
159
159
169
168
171
Basic Weighted Avg Shares
2,499
2,729
3,438
4,661
4,120
3,579
3,029
5,249
5,432
5,323
6,158
6,180
6,180
Sales/Revenue/Turnover
4.36
5.08
7.62
9.28
5.21
4.6
4.52
4.04
4.19
4.95
5.24
6.72
6.72
Operating Margin (%)
8
9
12
16
20
27
28
33
36
39
41
46
46
Depreciation Expense
47
66
130
217
66
-216
40
92
103
82
91
155
155
Net Income, GAAP
33.77
33.95
35.78
35.55
34.02
- -
11.84
6.28
6.05
15.41
36.39
34.82
34.82
Effective Tax Rate (%)
1.87
2.42
3.78
4.66
1.59
-6.03
1.33
1.75
1.9
1.54
1.49
2.5
2.5
Profit Margin (%)
67
178
350
503
424
219
447
554
580
596
1,168
1,212
1,212
Working Capital
25
109
46
110
106
131
355
375
353
279
229
171
171
LT Debt
177
243
549
826
862
649
684
776
881
964
1,568
1,703
1,703
Total Equity
- -
15.31
18.21
18.93
7.5
- -
7.39
10.85
10.98
10.7
8.37
9.44
9.44
Return on Invested Capital (%)
- -
18.02
21.24
22.94
7.93
- -
8.57
12.49
13.52
12.87
11.6
16.43
16.43
Return on Capital (%)
- -
42.56
52.65
52.46
12.33
-49.18
11.44
22.04
20.06
13.54
13.22
34.18
34.18
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,325
- -
1,121
LT Borrowings
162
- -
171
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
169
- -
169
Market Capitalization
8,207
12,669
12,470

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
2,950
- -
2,957
Cash, Cash Equivalents & STI
61
- -
90
Accounts Receivable, Net
336
- -
302
Inventories
2,128
- -
2,228
Total Current Liabilities
1,847
- -
1,745
Payables & Accruals
- -
- -
- -
ST Debt
1,325
- -
1,121
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.9%
21.55%
8.65%
Free Cash Flow
-250.43%
-473.5%
-127.1%
Net Income, GAAP
-25.25%
40.2%
68.93%
Sales/Revenue/Turnover
11.23%
18.17%
0.36%
Total Cash Common Dividend
- -
- -
-41.78%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,487
1,342
1,154
1,339
5,323
2025
1,329
1,491
1,804
1,534
6,158
2026
1,089
1,279
1,880
1,932
6,180

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.11
0.13
- -
0.52
2025
0.18
0.15
0.18
0.03
0.54
2026
0.06
0.15
0.3
0.4
0.92

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
0.11
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Business
Arfin India Limited manufactures and trades ferrous and non-ferrous metals, primarily aluminum alloys, ferro alloys, and related products in India. The company produces aluminum wire rods, aluminum deox (deoxidizers for steel refining), cored wires for metallurgical applications, aluminum alloy ingots, ferro alloys including ferro titanium, conductors and cables for electrical uses, inoculants to enhance metal properties, and aluminum shots, cubes, and flipped coils; it also recycles aluminum scrap and deals in copper and brass scrap. Founded in 1992 and headquartered in Ahmedabad, Gujarat, with manufacturing facilities in Chhatral, Dhanot, and Vadaswami, the company operates an installed capacity of 71,000 metric tons per annum and serves steel, automobile, and power sectors domestically across states including Gujarat, Maharashtra, and Uttar Pradesh, as well as international markets in Japan, Middle East, ASEAN, and South America. Arfin India targets major clients such as ArcelorMittal Nippon Steel India, JSW Steel, Jindal Steel and Power, Tata Steel, Qatar Steel, Nissan, and Larsen & Toubro. In recent developments, the company entered a strategic investment agreement and partnership with JFE Shoji India Private Limited, a subsidiary of Japan's JFE Holdings, to expand production capacity to 113,000 metric tons per annum over the next decade, fund capital expenditures and working capital, and boost sales of recycled aluminum deox in India and ASEAN; JFE Shoji also secured a substantial supply order worth approximately INR 180 crore for 6,900 metric tons of aluminum ingots, wire rods, and shots to be executed from October 2025 to March 2026. Additionally, Arfin launched inoculant production in October 2023 with a capacity of 1,800 metric tons per annum, reported FY 2024-25 gross sales of INR 709.2 crore (14% year-over-year growth), and declared an interim dividend for FY 2025-26, while focusing on product premiumization, operational efficiencies, and export expansion amid a 27% rise in overseas shipments.