Arman Financial Services Ltd (ARMANFIN) — shareholding pattern, promoter holding, financials and share price
About Arman Financial Services Ltd (ARMANFIN)
Arman Financial Services Ltd operates in the Non Banking Financial Company (NBFC) industry, within the Financial Services sector. It trades on the NSE as ARMANFIN and on the BSE under scrip code 531179. Its ISIN is INE109C01017.
Arman Financial Service Ltd is an RBI-registered category ‘A’ Non-Banking Finance Company. They provide loans to the unorganized sector residing in rural and semi-rural locales across six states with around 400 branches that cater to about 7.6 lakh customers. Headquartered in Ahmedabad, Gujarat. Arman and its subsidiary provide three financial services, Two-Wheeler Finance, Group-Based Microfinance, and Micro-Enterprise (MSME) Loans. [1]
Arman Financial Services Limited is an India-listed NBFC focused on small-ticket retail lending across microfinance (via wholly-owned Namra Finance), MSME loans, two-wheeler financing and a growing Loan Against Property (LAP) franchise, operating from 524 branches across 11 states and serving roughly 620,000 active customers with in-house origination, collections and credit teams.
Operational momentum is returning: consolidated AUM reached INR 2,274 crore (Q3 FY26), 9M FY26 disbursements total INR 1,482 crore, collection efficiency improved to roughly 96.3% in December, and Namra returned to quarterly profitability in Q3, signaling portfolio stabilization after earlier stress.
Listed peers in Non Banking Financial Company (NBFC): Grand Oak Canyons Distillery Ltd, PTC India Financial Services Ltd, Balmer Lawrie Investment Ltd, Ugro Capital Ltd, Saraswati Commercial (India) Ltd, Finkurve Financial Services Ltd.
Valuation & Returns
10 Jul 2026At ₹1,824 a share on 10 Jul 2026, Arman Financial Services Ltd (ARMANFIN) was valued at a price-to-earnings ratio of 33.89x against an industry P/E of 19.5x and a price-to-book of 2.19x on a book value of ₹831.61 per share as of Mar 2025. Solomo computes return on equity of 6.47% and return on capital employed of 10.43% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 33.89x
- Industry P/E
- 19.5x
- P/B
- 2.19x
- EPS (TTM)
- ₹53.83
- Book value / share
- ₹831.61
- ROE
- 6.47%
- ROCE
- 10.43%
- ROA
- 2.54%
- Debt / equity
- 1.41x
- Dividend yield
- 5.21%
- EBITDA margin
- 44.05%
- 52-week range
- ₹1,256.1 – ₹1,903.15
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Arman Financial Services Ltd (ARMANFIN) reported revenue of ₹646 crore, net profit of ₹57 crore and earnings per share of ₹53.85. That compares with revenue of ₹730 crore and net profit of ₹52 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹176 crore and net profit ₹41 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 235 | 424 | 661 | 730 | 646 |
| Net profit (₹ cr) | 32 | 94 | 174 | 52 | 57 |
| EPS (₹) | 37.35 | 110.46 | 165.67 | 49.64 | 53.85 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 31.08% | 22.07% | 42.19% | 10.37% |
| Profit growth | 37.28% | 18.81% | 38.54% | -70.00% |
| Stock price CAGR | 23% | 23% | -4% | 18% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 22% of Arman Financial Services Ltd (ARMANFIN) (unchanged from the previous quarter), foreign institutional investors (FII) hold 3.08% and domestic institutional investors (DII) hold 4.85%. Market capitalisation was ₹1,918 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Jun 2002.
Largest disclosed public shareholders in Jun 2026: ELEVATION CAPITAL V LIMITED 8.09%, MUKUL MAHAVIR AGRAWAL 3.8%, AIRAVAT CAPITAL TRUST - AIRAVAT CAPITAL TRUST II 1.79%, INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS 1.79%, HUF 1.31%, ABHISHEK PRADEEPKUMAR BANSAL 1.1%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 22% | - | 3.08% | 4.85% | 78% |
| Mar 2026 | 22% | - | 2.61% | 4.18% | 78% |
| Dec 2025 | 22% | - | 1.68% | 5.03% | 78% |
| Sep 2025 | 22% | - | 1.81% | 4.83% | 78% |
| Jun 2025 | 22.05% | - | 1.42% | 5.08% | 77.95% |
| Mar 2025 | 22.06% | - | 1.2% | 4.92% | 77.94% |
| Dec 2024 | 22.07% | - | 1.97% | 4.51% | 77.93% |
| Sep 2024 | 22.07% | - | 4.9% | 5.03% | 77.93% |