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    Finance/Rental/Leasing
Arman Financial Services Limited

Arman Financial Services Limited

1,453.60
INR
-31.00
(-2.09%)
110.03EPS
15.19P/E
17.70BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
39.27
42.75
58.76
77.36
110.14
200.05
274.53
221.89
262.65
457.51
658.95
588.2
558.24
624.29
Basic EPS, GAAP
7.27
8.89
11.27
8
10.21
38.09
55.8
12.53
37.36
110.47
195
49.67
53.91
110.81
Free Cash Flow per Basic Share
-11.43
8.35
-2.22
29.43
-293.71
-320.69
-102.94
6.46
-331.66
-847.86
-342.41
445.83
-456.7
- -
Dividend per Share
0.81
1.13
1.4
2.56
1.7
1.22
1.56
0.03
- -
- -
- -
- -
- -
- -
Book Value per Share
48.68
56.68
72.87
73.65
78.93
177.23
203.8
220.02
250.47
430.61
775.7
833.53
887.8
- -
Tangible Book Value per Share
48.68
56.63
72.65
73.37
78.61
176.85
203.59
220.02
250.02
430.21
775.42
833.24
887.61
- -
Basic Weighted Avg Shares
6
7
7
7
7
7
7
8
8
8
9
10
10
11
Sales/Revenue/Turnover
245
296
407
536
763
1,388
2,043
1,880
2,230
3,885
5,865
6,167
5,861
6,556
Operating Margin (%)
31.18
34.81
31.6
24.38
20.56
32.01
26.91
11.31
26.13
34.18
32.91
31.35
35.1
31.39
Depreciation Expense
1
2
2
3
4
5
8
8
10
12
14
18
17
17
Net Income, GAAP
45
62
80
63
73
264
415
106
317
938
1,736
521
566
1,164
Effective Tax Rate (%)
32.09
33.5
33.94
35.92
25.5
27.04
22.79
9.75
30.31
24.92
23.9
24.63
26.83
20.13
Profit Margin (%)
18.51
20.8
19.65
11.8
9.57
19.04
20.33
5.65
14.23
24.15
29.59
8.44
9.66
17.75
Working Capital
286
434
598
660
2,200
4,063
2,583
2,314
2,101
6,369
10,150
6,692
9,023
- -
LT Debt
103
223
458
482
1,701
2,883
3,938
3,152
3,410
6,722
6,224
3,760
9,520
- -
Total Equity
337
392
505
560
547
1,232
1,722
1,868
2,127
3,657
8,127
8,744
9,333
- -
Return on Invested Capital (%)
4.79
5.11
4.99
3.18
2.36
4.66
4.46
0.48
2.21
4.24
5.16
-1.41
0.56
- -
Return on Capital (%)
11.1
10.82
10.76
10.32
2.22
4.47
5.17
1.2
3.01
5.92
7.7
2.25
2.36
- -
Return on Common Equity (%)
16.04
16.88
17.39
10.92
13.38
29.72
28.11
5.91
15.88
32.44
29.46
6.17
6.26
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
8,238
- -
LT Borrowings
- -
9,520
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
16,306
14,122
17,698

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
18,109
- -
Cash, Cash Equivalents & STI
- -
4,943
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
9,086
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
8,238
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
40.46%
44.48%
6.74%
Free Cash Flow
-829.37%
-1,121.06%
-202.58%
Net Income, GAAP
65.77%
83.65%
8.7%
Sales/Revenue/Turnover
33.92%
28.8%
-4.96%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,735
1,678
1,544
1,487
6,167
2026
1,462
1,450
1,517
1,663
5,861
2027
1,926
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
29.88
14.56
-6.94
12.17
49.67
2026
-13.9
7.62
21.13
39.06
53.91
2027
42.96
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Aalok Jayendra Patel
Full Time Employees
1,753
Sector
Finance
Industry
Finance/Rental/Leasing
Address
502-503, Sakar III Ahmedabad GJ India 380014
IPO Date
Aug 21, 1995
Website
armanindia.com
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Business
Arman Financial Services Limited (ARMANFIN.NS), an RBI-registered non-banking financial company - asset finance company (NBFC-AFC), provides vehicle financing and microfinance services targeting rural and semi-urban markets in India. The company offers two-wheeler and three-wheeler loans to support personal mobility and livelihood enhancement for middle-class and emerging middle-class customers; microfinance products, including small-ticket joint liability group (JLG) loans to women for income-generating activities such as livestock, dairy, agriculture-related businesses, and kirana stores, delivered through its wholly owned subsidiary Namra Finance Limited, an RBI-registered NBFC-MFI; and micro, small, and medium enterprise (MSME) loans for working capital, expansion, and equipment financing. Founded in 1992 and headquartered in Ahmedabad, Gujarat, Arman operates approximately 402 branches across 11 states, serving over 800,000 active customers primarily in underserved geographies through direct lending without brokers. Recent developments include the opening of 67 new branches to reach a total of 402 in 2024, a Qualified Institutional Placement (QIP) fundraising of Rs 230 crore in 2024, and a credit rating revision by Acuité to A- from A for bank loans and NCDs in September 2025; the company maintains over 51 lending partnerships with banks and financial institutions while focusing on portfolio growth in microfinance and MSME segments.