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NSE Close — 25 Sep 2026
₹1,885.6
Change
-11.9 (-0.63%)
Open
₹1,890.0
Prev. Close
₹1,897.5
Day High
₹1,918.9
Day Low
₹1,867.8
Volume Analysis
Traded
16,327
Delivered
9,948
Delivery %
60.93%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (4)
- •High debt-to-equity ratio (1.9)
- •Low return on equity (6.26%)
- •Promoter holding is falling
- •Below-average fundamentals quality score (44/100)
Opportunities (0)
No signal for this stock
Threats (1)
- •FII holding has been falling
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹1,964.84 | ₹1,941.87 | ₹1,913.74 | ₹1,890.77 | ₹1,862.64 | ₹1,839.67 | ₹1,811.54 |
| Fibonacci | ₹1,941.87 | ₹1,922.35 | ₹1,910.29 | ₹1,890.77 | ₹1,871.25 | ₹1,859.19 | ₹1,839.67 |
| Camarilla | ₹1,899.65 | ₹1,894.97 | ₹1,890.28 | ₹1,890.77 | ₹1,880.92 | ₹1,876.23 | ₹1,871.55 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
+20.2%
1 Week
-4.09%
1 Month
-7.31%
3 Months
+11.31%
6 Months
+26.99%
1 Year
+27.75%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹1,037.27
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
Company Overview
Sector
Financial Services
Market Cap
₹2,001 Cr
P/E (TTM)
17.2
ROE
6.26%
Book Value
₹888.0
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 25 Sep 2026. Not investment advice.
TopFund Analysis
Arman Fin Serv Ltd scores weakly on TopFund's composite fundamentals check within the Financial Services sector, at 44/100. The strongest factor is Momentum (69/100), while Corporate Governance (13/100) is the weakest area to weigh before deciding. Notably: High debt-to-equity ratio (1.9); low return on equity (6.26%). FII holding has been falling.
TopFund Score — Fundamentals Quality
44/100 — WeakData confidence: 72/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Growth
Valuation
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company's median sales growth is 38.6% of last 10 years
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has low interest coverage ratio.
- −Promoter holding is low: 22.0%
- −Company has a low return on equity of 12.1% over last 3 years.
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Arman Financial Services Limited has informed about Schedule of meet
Allotment of Shares Pursuant to ESOP 2016 and ESOP Plan 2023.
Newspaper advertisement for 34th AGM and Information about e-voting published today i.e. 07-09-2026 in the newspaper viz. The Indian Express (English) and Financial Express (Gujarati)
34th AGM on September 28, 2026; annual report shared, KYC and dividend reminders issued.
Arman Financial filed FY26 Business Responsibility and Sustainability Report under SEBI LODR.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 150 | 160 | 169 | 183 | 184 | 181 | 165 | 199 | 151 | 159 | 160 | 176 | 202 |
| Expenses + | 35 | 34 | 42 | 55 | 78 | 93 | 114 | 134 | 110 | 91 | 80 | 80 | 80 |
| Financing Profit | 50 | 59 | 56 | 65 | 41 | 23 | -6 | 13 | -11 | 18 | 29 | 42 | 58 |
| Financing Margin % | 34.0% | 37.0% | 33.0% | 36.0% | 22.0% | 13.0% | -4.0% | 7.0% | -7.0% | 12.0% | 18.0% | 24.0% | 29.0% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 64 | 67 | 71 | 63 | 65 | 65 | 57 | 52 | 52 | 50 | 51 | 53 | 64 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 50 | 58 | 55 | 65 | 41 | 22 | -7 | 13 | -11 | 18 | 29 | 42 | 57 |
| Tax % | 20.0% | 30.0% | 24.0% | 21.0% | 24.0% | 32.0% | 5.0% | -1.0% | 31.0% | 55.0% | 22.0% | 3.0% | 21.0% |
| Net Profit + | 40 | 41 | 42 | 51 | 31 | 15 | -7 | 13 | -15 | 8 | 22 | 41 | 45 |
| EPS in Rs | 47 | 47 | 43 | 49 | 30 | 15 | -7 | 12 | -14 | 8 | 21 | 39 | 43 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net NPA % | 0.1% | 0.23% | 0.33% | 0.31% | 0.22% | 0.64% | 0.67% | 0.55% | 0.51% | 0.5% | 0.79% | 0.93% | 0.84% |
| Gross NPA % | 2.5% | 2.48% | 2.83% | 2.88% | 2.68% | 3.74% | 4.13% | 3.37% | 3.45% | 3.7% | 3.46% | 3.43% | 2.76% |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 30 | 41 | 54 | 78 | 139 | 214 | 195 | 235 | 424 | 661 | 730 | 646 | 697 |
| Expenses + | 9 | 12 | 20 | 34 | 44 | 72 | 103 | 99 | 126 | 166 | 419 | 361 | 332 |
| Financing Profit | 9 | 12 | 10 | 10 | 37 | 53 | 13 | 46 | 126 | 229 | 71 | 79 | 147 |
| Financing Margin % | 32.0% | 30.0% | 19.0% | 13.0% | 26.0% | 25.0% | 6.0% | 20.0% | 30.0% | 35.0% | 10.0% | 12.0% | 21.0% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 11 | 16 | 24 | 34 | 59 | 88 | 79 | 89 | 172 | 266 | 240 | 206 | 217 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 9 | 12 | 10 | 10 | 36 | 54 | 12 | 46 | 125 | 228 | 69 | 77 | 146 |
| Tax % | 33.0% | 34.0% | 36.0% | 26.0% | 27.0% | 23.0% | 10.0% | 30.0% | 25.0% | 24.0% | 25.0% | 27.0% | — |
| Net Profit + | 6 | 8 | 6 | 7 | 26 | 42 | 11 | 32 | 94 | 174 | 52 | 57 | 116 |
| EPS in Rs | 11 | 14 | 11 | 13 | 46 | 49 | 13 | 37 | 110 | 166 | 50 | 54 | 111 |
| Dividend Payout % | 13.0% | 12.0% | 11.0% | 9.0% | 4.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 32 | 39 | 44 | 50 | 116 | 164 | 178 | 204 | 355 | 802 | 864 | 923 |
| Other Liabilities + | 6 | 7 | 7 | 12 | 18 | 26 | 32 | 39 | 68 | 97 | 121 | 89 |
| Total Liabilities | 137 | 195 | 215 | 465 | 753 | 896 | 940 | 1,241 | 2,038 | 2,635 | 2,227 | 2,798 |
| Fixed Assets + | 2 | 2 | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 8 | 31 | 32 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
| Investments | 0 | 1 | 2 | 3 | 3 | 3 | 3 | 6 | 19 | 7 | 39 | 92 |
| Other Assets + | 136 | 192 | 210 | 459 | 746 | 888 | 933 | 1,231 | 2,013 | 2,620 | 2,157 | 2,671 |
| Total Assets | 137 | 195 | 215 | 465 | 753 | 896 | 940 | 1,241 | 2,038 | 2,635 | 2,227 | 2,798 |
| Borrowing | 93 | 143 | 157 | 395 | 612 | 698 | 721 | 990 | 1,607 | 1,725 | 1,232 | 1,776 |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 10 | 10 | 11 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 7 | -1 | 21 | -203 | -221 | -76 | 6 | -281 | -718 | -302 | 493 | -476 |
| Cash from Investing Activity + | -1 | -7 | -2 | -12 | -1 | 2 | 2 | -2 | -13 | 18 | -49 | -50 |
| Cash from Financing Activity + | -5 | 1 | -9 | 205 | 252 | 94 | 22 | 270 | 681 | 376 | -495 | 546 |
| Net Cash Flow | 1 | -7 | 10 | -9 | 30 | 20 | 30 | -12 | -49 | 92 | -51 | 20 |
| CFO/OP | 49 | 12 | 74 | -447 | -223 | -41 | 13 | -194 | -232 | -49 | 168 | -159 |
| Free Cash Flow | 6 | -2 | 21 | -203 | -222 | -77 | 5 | -282 | -720 | -305 | 467 | -480 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 68.76% | 62.05% | 61.41% | 66.56% | 68.01% | 71.44% | 71.82% | 71.45% | 71.37% | 71.29% | 71.2% | 70.07% |
| Promoters | 26.58% | 23.65% | 22.09% | 22.09% | 22.07% | 22.07% | 22.06% | 22.05% | 22.0% | 22.0% | 22.0% | 22.0% |
| FII | 3.89% | 6.64% | 10.2% | 5.18% | 4.9% | 1.97% | 1.19% | 1.42% | 1.8% | 1.69% | 2.61% | 3.08% |
| DII | 0.77% | 7.66% | 6.29% | 6.16% | 5.03% | 4.51% | 4.91% | 5.08% | 4.83% | 5.03% | 4.18% | 4.85% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Financial Services — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Arman Fin Serv Ltd (this stock) | 2,001 | 17.2 | 2.14 | 6.26% |
| Spandana Sphoorty Fin Ltd | 1,999 | — | 0.94 | -29.4% |
| Gaja Alt Asset Mgt Ltd | 2,006 | 23.2 | — | 15.9% |
| Algoquant Fintech Limited | 2,062 | 45.4 | 15.36 | 28.4% |
| Elcid Investments Ltd. | 2,116 | 22.2 | 0.24 | 1.21% |
| Repco Home Finance Ltd | 2,175 | 4.51 | 0.54 | 12.4% |
| Kalyani Invest Co Ltd | 2,177 | 53.6 | 0.19 | 0.37% |
Which Mutual Funds Hold Arman Fin Serv Ltd?
Frequently Asked Questions about Arman Fin Serv Ltd
Arman Fin Serv Ltd (ARMANFIN) closed at ₹1,885.6 on NSE on 25 September 2026, down 11.9 (0.63%) from the previous close.
Arman Fin Serv Ltd trades on the NSE (National Stock Exchange of India) under the symbol ARMANFIN.
Arman Fin Serv Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 17.2.
Arman Fin Serv Ltd has a dividend yield of 0.0%.
Arman Fin Serv Ltd's 52-week high is ₹2,159.0 and its 52-week low is ₹1,301.0.
Arman Fin Serv Ltd has a market capitalisation of ₹2,001 crore.
Arman Fin Serv Ltd has a TopFund Quality Score of 44/100 (Weak), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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