NSE: ARMANFIN · BSE: 531179 · ISIN INE109C01017
Arman Financial Services Limited stock analysis
Arman Financial Services Limited ranks #2230 in the TickerSutra evidence-ranked universe with a score of 48/100 and 95% data confidence. The latest captured fundamentals show ROCE of 11.7%, quarterly sales growth of 33.6% and quarterly profit growth of 409.8%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 15.1% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
- Promoter holding is below 25%
- Extreme base-effect growth requires manual validation
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹235cr | ₹46cr | ₹32cr | 20.0% |
| 2023 | ₹424cr | ₹126cr | ₹94cr | 30.0% |
| 2024 | ₹661cr | ₹229cr | ₹174cr | 35.0% |
| 2025 | ₹730cr | ₹71cr | ₹52cr | 10.0% |
| 2026 | ₹646cr | ₹79cr | ₹57cr | 12.0% |
| TTM | ₹697cr | ₹147cr | ₹116cr | 21.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Arman Financial Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2026
RoutineArman Financial Services Ltd - 531179 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 28 Sept 2026Intimation of Outcome of 34th AGM of the Company
RoutineTrading WindowNSE · 26 Sept 2026 · Structured filingArman Financial Services Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Arman Financial Services Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Open original XBRL sourceArman Financial Services Limited has informed the Exchange about Reconstitution of various Board Committees
RoutineArman Financial Services Ltd - 531179 - Reconstitution Of Various Board CommitteesBSE · 26 Sept 2026Reconstitution of Various Board Committees
MANAGEMENT COMMENTARY
Signals from filed documents
Threats Macroeconomic and Regional Disruptions Agricultural stress, inflationary pressures, climate-related disruptions and local economic slowdowns can directly impact borrower repayment capacity in rural markets. Intensifying Industry Competition Banks, Small Finance Banks (SFBs), fintechs and NBFCs are increasingly targeting the same borrower segments, resulting in pricing pressure and customer overlap. Political
The segment primarily caters to self-employed and cash-income borrowers, supporting mobility-led livelihood generation in underpenetrated markets. Going forward, the Company sees strong growth potential driven by increasing finance penetration in rural India, deeper dealer relationships and opportunities for gradual geographic expansion into new markets. Operating Model Focused on delivering faster loan approvals an
Capital Position Arman Financial Services continued to maintain a strong capital foundation to support long-term growth and business expansion. The standalone entity reported a Capital-to-Risk-Weighted Assets Ratio (CRAR) of 27.86%, significantly above regulatory requirements. Namra Finance maintained a strong capital profile, with a CRAR of 41.01%, providing adequate headroom for future lending growth while preser
(Yes/No) If available, provide a web-link of the policy. We have policies on information security and cyber security approved by the Board. We have established policies related to structured approach/ mechanism for identifying, responding and resolving incidents in an organisation and to minimise the adverse impact of disruptions, ensuring a swift recovery thereby enhancing overall resilience for business operations/
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
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…