NSE: ARFIN · BSE: 539151 · ISIN INE784R01023
Arfin India Limited stock analysis
Arfin India Limited ranks #3090 in the TickerSutra evidence-ranked universe with a score of 42/100 and 95% data confidence. The latest captured fundamentals show ROCE of 14.0%, quarterly sales growth of 91.2% and quarterly profit growth of 246.1%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹526cr | ₹24cr | ₹9cr | 4.6% |
| 2023 | ₹544cr | ₹26cr | ₹10cr | 4.9% |
| 2024 | ₹535cr | ₹30cr | ₹8cr | 6.0% |
| 2025 | ₹616cr | ₹36cr | ₹9cr | 6.0% |
| 2026 | ₹625cr | ₹43cr | ₹14cr | 7.0% |
| TTM | ₹724cr | ₹46cr | ₹16cr | 6.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Arfin India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineShareholders meetingNSE · 21 Sept 2026Arfin India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 19, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineArfin India Ltd - 539151 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 21 Sept 2026Scrutinizer''s Report and Voting Result of 34th Annual General Meeting of Arfin India Limited
RoutineShareholders meetingNSE · 19 Sept 2026Arfin India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 19, 2026
RoutineArfin India Ltd - 539151 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 19 Sept 2026Proceedings of 34th Annual General Meeting held on September 19, 2026
MANAGEMENT COMMENTARY
Signals from filed documents
The Company is well positioned to capitalise on these opportunities through its diversified product portfolio, integrated manufacturing capabilities, and strategic focus on value-added products. The strategic partnership with JFE Shoji India enhances the Company's access to global markets, while continued investments in operational excellence, product innovation, and capacity expansion are expected to strengthen its
Our emphasis on operational agility, technological advancement, and sustainable business practices has positioned Arfin to respond effectively to evolving market opportunities while maintaining financial discipline. As we look ahead, we remain confident that the strong foundation we have built—supported by resilience, continuous reinvention, and disciplined execution—will enable us to capture emerging opportunities a
Our continued emphasis on manufacturing excellence, quality assurance, technology adoption, and process optimisation enabled us to improve operational performance and strengthen our position in the market. Backed by a diversified product portfolio and a customer- centric approach, we continued to expand our presence across domestic and international markets. Product innovation and diversification remain integral to o
Raw Material Price Volatility: The Company operates in a highly regulated ARFIN INDIA LIMITED039 Management Discussion and Analysis Report The metal industry continues to witness intense competition from domestic as well as international manufacturers. Sustained pricing pressure and evolving customer expectations require continuous improvements in product quality, operational efficiency, innovation, and cost optimisa
Cautionary Statement This Report contains forward-looking statements reflecting the Company's current outlook, business strategy, and growth expectations based on information available at the time of publication. While these statements are made with reasonable care and confidence, actual results may differ due to changes in economic conditions, market trends, regulatory developments, or other factors beyond the Compa
Omnibus approval has been obtained from Audit Committee, Board of Directors and members of the Company for the transactions with the related parties. Related Party Transactions The policy on Related Party Transactions as approved by the board has been uploaded on the Company's website at the following web link: https://arfin.co.in/pdf/policies-disclosures/other- disclosures/disclosure-of-related-party-transactions- 3
Amortization Method and Useful Life Items of inventories of Raw Material, Finished goods, WIP, Spares and Stores, Packing Material & Fuel are valued at lower of cost or net realizable value except waste which is valued at estimated net realizable value. Raw Material cost of inventories comprises of cost of purchase and other costs incurred in bringing the inventories to their present location and condition. Finished
http://arfin.co.in/pdf/policies-disclosures/related-party-transactions-policy.pdf h. During the year under review, there was no preferential allotment or qualified institutional placement as specified under Regulation 32(7A) of the Listing Regulations. Certificate from Company Secretary in Practice: M/s.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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