1. India Stocks

  2. •

    Basic Materials

  3. •

    Aluminum
Arfin India Ltd

Arfin India Ltd

ARFIN.NS
Arfin India LtdIN flagNational Stock Exchange of India
91.27
INR
-1.27
- -
15.40BMarket Cap
Arfin India Ltd
ARFIN.NS
(National Stock Exchange of India)

Recent

price

91.27

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
8,136
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, trades, and sells a diverse range of non-ferrous metal products and alloys, including aluminum wire rods, aluminum alloy ingots, aluminum deoxider, cored wire, ferro alloys such as ferro titanium, conductors and cables, precision drawn wires, aluminum shots and cubes, and scraps of copper, brass, and aluminum; it also produces inoculants, hast alloys, inconel alloys, incoloy alloys, and automobile components. The company operates manufacturing facilities in Chhatral, Dhanot, and Vadasma industrial areas in Gujarat, India, serving the steel, automobile, power, chemical, and conductor industries with an installed production capacity of 71,000 metric tonnes per annum. Founded in 1992 and headquartered at Ravi Industrial Estate, Chhatral, Gandhinagar, Gujarat, Arfin India focuses on recycling aluminum and ferro alloys production while exporting to international markets. Recent developments include a strategic investment partnership and distributorship with JFE Shoji India Private Limited, a subsidiary of Japan's JFE Holdings, to expand production capacity toward 113,000 metric tonnes per annum over the next decade, funding capital expenditures, and securing a Rs 180 crore supply order for 6,900 metric tonnes of aluminum ingots, wire rods, and shots executable through March 2026; the company incorporated a new wholly owned subsidiary in 2025, launched a medium voltage covered conductor product line projected to add Rs 100 crore in revenue over three years, and enhanced capacity by 5,000 metric tonnes in prior years through mechanization.