Arfin India Limited

BSE: ARFIN539151ISIN INE784R01023

Commodities
Aluminium
BSE Commodities

Share price

₹94.22-1.44 (-1.51%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹113.89
52W low: ₹52.67
Off 52W high: -17.27%
1M return: +7.68%
3M return: +10.01%
6M return: +0.04%
1Y return: +71.34%
20D avg volume: 1,40,858
50 DMA: ₹91.52
200 DMA: ₹86.61

Key ratios Consolidated

Market cap: ₹1,590 Cr
Current price: ₹94.22
52W high / low: ₹113.89 / ₹52.67
Face value: ₹1.00
P/E: 72.39
P/B: 8.91
EPS (TTM): ₹1.30
Book value / share: ₹10.57
ROE: —
ROCE: 21.50%
Operating margin: —
Net margin: —
Debt / equity: 0.76
Net debt: ₹128.96 Cr
Interest cover: 2.27
Dividend yield: 0.24%
Dividend / share (TTM): ₹0.23
Payout: 17.69%
Cash conversion cycle: 114.7 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	283.18	212.77	193.24	187.96	127.94	108.86	153.37	—
	0.10	0.19	-0.23	0.17	0.52	0.46	1.33	—
	283.28	212.96	193.01	188.12	128.46	109.32	154.70	—
	276.11	208.32	182.18	180.37	124.78	107.88	152.43	—
	253.85	174.31	172.27	137.50	131.33	108.97	134.53	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	2.73	2.55	2.53	2.42	2.28	2.30	2.39	—
	5.07	4.50	3.93	5.15	5.11	4.54	4.62	—
	1.22	1.20	1.34	1.14	1.09	1.08	1.02	—
	14.96	11.52	17.06	12.89	12.11	9.03	12.80	—
	7.18	4.64	10.83	7.76	3.68	1.44	2.27	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	7.18	4.64	10.83	7.76	3.68	1.44	2.27	—
	1.21	0.56	4.00	2.67	1.22	0.36	1.74	—
	5.97	4.08	6.82	5.09	2.46	1.08	0.53	—
	0.35	0.24	0.40	0.30	0.15	0.06	0.03	—
Key metrics
	13.47	10.34	16.10	14.05	9.88	7.06	7.91	—
	4.80%	4.90%	8.30%	7.50%	7.70%	6.50%	5.20%	—
	2.10%	1.90%	3.50%	2.70%	1.90%	1.00%	0.30%	—
	6.30%	—	7.50%	—	4.80%	—	3.70%	—
	121.30%	95.50%	26.00%	—	—	—	—	—
	142.70%	277.80%	1,186.80%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	877.15	617.99	615.75	—
	0.23	0.92	1.96	—
	877.37	618.91	617.71	—
	846.98	595.21	603.33	—
	737.93	550.07	533.22	—
	0.00	0.00	0.00	—
	10.23	9.53	9.08	—
	18.65	18.73	19.82	—
	4.90	4.65	4.06	—
	56.43	51.08	53.65	—
	30.41	23.71	14.38	—
	0.00	0.00	0.00	—
	30.41	23.71	14.38	—
	8.44	8.26	5.23	—
	21.96	15.45	9.15	—
	1.29	0.92	0.54	—
Key metrics
	53.96	47.09	38.26	—
	6.15%	7.60%	6.20%	—
	2.50%	2.50%	1.50%	—
	—	21.50%	18.40%	—
	—	0.40%	—	—
	—	68.90%	—	—
	—	11.08	-27.14	—
	—	1.45	-2.32	—
	—	0.76	0.75	—
	—	128.96	116.30	—
	—	114.7	101.6	—
Balance sheet
	—	371.40	344.21	—
	—	295.68	275.59	—
	—	0.31	0.62	—
	—	30.22	52.38	—
	—	222.82	182.41	—
	—	20.81	15.20	—
	—	74.14	63.69	—
	—	58.71	63.20	—
	—	174.46	158.83	—
	—	129.27	116.92	—
	—	112.13	93.98	—
	—	17.14	22.94	—
	—	170.35	156.78	—
Cash flow
	—	22.47	-21.20	—
	—	-14.54	-8.44	—
	—	-8.24	29.88	—
	—	11.39	5.94	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	285.59	207.96	191.70	196.41	128.04	108.75	153.37	180.37	149.11	132.90	136.80	115.44
	0.16	0.28	0.13	0.14	0.49	0.46	1.33	0.14	0.24	0.25	0.20	0.47
	285.75	208.24	191.82	196.55	128.53	109.21	154.70	180.51	149.35	133.15	137.00	115.90
	279.05	204.32	182.49	189.16	125.39	107.84	152.42	176.01	145.80	129.09	134.98	113.77
	253.29	169.61	171.37	145.65	132.19	108.97	134.53	150.08	122.19	126.42	105.27	81.35
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	2.54	2.47	2.25	2.42	2.28	2.30	2.39	2.32	2.19	2.18	2.44	2.35
	5.01	4.48	3.92	5.15	5.09	4.54	4.62	5.56	5.36	4.28	5.36	4.66
	1.22	1.20	1.34	1.14	1.09	1.08	1.02	1.02	1.01	1.00	1.09	0.93
	14.62	11.42	16.91	12.81	11.63	8.99	12.80	8.19	12.84	8.96	10.03	6.83
	6.70	3.92	9.33	7.39	3.14	1.37	2.28	4.50	3.55	4.06	2.03	2.14
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	6.70	3.92	9.33	7.39	3.14	1.37	2.28	4.50	3.55	4.06	2.03	2.14
	1.07	0.38	3.62	2.58	1.08	0.35	1.74	1.47	0.97	1.05	0.15	0.15
	5.62	3.53	5.71	4.82	2.05	1.02	0.54	3.03	2.58	3.01	2.18	1.99
	0.33	0.21	0.34	0.29	0.12	0.06	0.03	0.18	0.15	0.18	0.14	0.13
Key metrics
	12.93	9.60	14.59	13.68	9.32	6.99	7.92	11.08	9.92	9.34	8.48	7.73
	4.50%	4.60%	7.60%	7.00%	7.30%	6.40%	5.20%	6.10%	6.70%	7.00%	6.20%	6.70%
	2.00%	1.70%	3.00%	2.50%	1.60%	0.90%	0.40%	1.70%	1.70%	2.30%	1.60%	1.70%
	6.10%	—	6.80%	—	4.50%	—	3.70%	—	—	—	—	—
	123.00%	91.20%	25.00%	8.90%	-14.10%	-18.20%	12.10%	56.20%	—	—	—	—
	174.10%	246.10%	957.40%	59.10%	-20.50%	-66.10%	-75.20%	52.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	881.66	624.90	615.75	535.16	544.11	526.11
	0.71	1.22	1.96	1.99	2.48	1.51
	882.36	626.12	617.71	537.15	546.60	527.62
	855.02	604.89	603.33	527.43	535.61	517.82
	739.92	558.18	533.22	448.69	484.67	434.59
	0.00	0.00	0.00	—	—	—
	9.68	9.25	9.08	9.68	8.32	7.41
	18.56	18.69	19.82	18.57	14.39	12.36
	4.90	4.65	4.06	3.91	3.55	3.32
	55.76	50.34	53.65	35.79	30.28	35.43
	27.34	21.23	14.38	9.72	10.98	9.80
	0.00	0.00	0.00	—	—	—
	27.34	21.23	14.38	9.72	10.98	9.80
	7.65	7.63	5.23	1.50	0.67	0.61
	19.68	13.60	9.15	8.22	10.32	9.19
	1.17	0.81	0.54	0.52	0.65	5.78
Key metrics
	50.80	44.57	38.26	32.20	28.92	25.48
	5.76%	7.10%	6.20%	6.00%	5.30%	4.80%
	2.23%	2.20%	1.50%	1.50%	1.90%	1.70%
	—	20.50%	18.40%	—	—	—
	54.53%	1.50%	15.10%	-1.60%	3.40%	—
	196.39%	48.60%	11.30%	-20.30%	12.30%	—
	—	18.48	-27.14	—	—	—
	—	2.20	-2.32	—	—	—
	—	0.77	0.75	—	—	—
	—	129.03	116.40	—	—	—
	—	109.3	101.6	—	—	—
Balance sheet
	—	368.82	344.22	—	—	—
	—	285.29	275.52	—	—	—
	—	0.24	0.52	—	—	—
	—	33.24	52.38	—	—	—
	—	212.58	182.41	—	—	—
	—	17.79	15.20	—	—	—
	—	74.14	63.69	—	—	—
	—	58.66	63.20	—	—	—
	—	173.73	158.83	—	—	—
	—	129.27	116.92	—	—	—
	—	112.13	93.98	—	—	—
	—	17.14	22.94	—	—	—
	—	168.50	156.78	—	—	—
Cash flow
	—	29.87	-21.20	—	—	—
	—	-21.94	-8.54	—	—	—
	—	-8.20	29.88	—	—	—
	—	11.39	5.94	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +4.72%
Sales CAGR 5Y: —
Profit CAGR 3Y: +9.64%
Profit CAGR 5Y: —
Sales YoY (TTM): +54.53%
Profit YoY (TTM): +196.39%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 69.76%

Quarter	September 2026	June 2026
Promoter %	69.76%	69.76%

Holder	Type	Holding	Previous	Change
MAHENDRAKUMAR RIKHAVCHAND SHAH	Promoter	15.19%	15.19%	0.00%
JATIN MAHENDRAKUMAR SHAH	Promoter	14.91%	14.91%	0.00%
PUSHPABEN MAHENDRAKUMAR SHAH	Promoter	12.80%	12.80%	0.00%
RANI JATIN SHAH	Promoter	12.64%	12.64%	0.00%
JFE SHOJI INDIA PRIVATE LIMITED	Public	5.81%	5.81%	0.00%
POOJA MAHENDRABHAI SHAH	Promoter Group	4.76%	4.76%	0.00%
JATIN MAHENDRA SHAH	Promoter	3.85%	3.85%	0.00%
L7 HITECH PRIVATE LIMITED	Public	2.15%	—	—
KRISH JATIN SHAH	Promoter Group	2.13%	2.13%	0.00%
MAHENDRAKUMAR RIKHAVCHAND HUF	Promoter	1.93%	1.93%	0.00%
KRUNAL SHAILESHBHAI SHAH	Public	1.59%	—	—
BHOLA MOTOR FINANCE PRIVATE LIMITED	Public	1.22%	—	—
SUNIL KISHINCHAND CHELLANI	Public	1.14%	—	—
KHUSHBU MAHENDRABHAI SHAH	Promoter Group	1.02%	1.02%	0.00%
KHWAISH JATIN SHAH	Promoter Group	0.53%	0.53%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Hindalco Industries Ltd.	2,09,442	932.00	12.77	9.50%	+20.28% TTM	-3.14% TTM	+12.16%
Vedanta Aluminium Metal Limited	1,47,324	376.75	—	—	—	—	—
National Aluminium Co. Ltd.	59,874	326.00	8.37	33.70%	+13.51% TTM	+17.06% TTM	+39.76%
Arfin India Limited S	1,590	94.22	80.53	20.50%	+54.53% TTM	+196.39% TTM	+71.34%
MAAN ALUMINIUM LIMITED S	585	97.47	41.65	8.00%	-1.80% TTM	-5.52% TTM	-33.78%
Msafe Equipments Limited S	580	284.30	20.95	30.30%	—	—	—
P.G.Foils Ltd. S	234	198.65	-73.30	1.10%	-18.64% TTM	-114.61% TTM	-15.03%
Manaksia Aluminium Company Ltd S	197	30.11	22.30	17.00%	+1.29% TTM	+28.26% TTM	+7.54%
Palco Metals Limited	89	221.85	11.19	37.00%	+9.81% TTM	+174.74% TTM	+52.16%
HIND ALUMINIUM INDUSTRIES LTD.	55	87.41	14.84	-1.20%	+196.65% TTM	-58.69% TTM	+34.04%
Sacheta Metals Ltd. S	45	3.60	22.50	7.40%	-0.42% TTM	-7.41% TTM	-22.08%
Jivial Industries Limited S	36	76.50	—	35.60%	—	—	—
Sudal Industries Limited S	34	46.02	21.40	16.90%	+19.09% TTM	-58.85% TTM	-50.52%
KANISHK ALUMINIUM INDIA LIMITED S	33	24.80	—	12.50%	—	—	—
Maitri Enterprises Limited	14	31.06	16.31	20.20%	+13.01% TTM	+223.53% TTM	-11.48%
Bothra Metals & Alloys Limited S	11	5.75	38.33	4.90%	—	—	-26.84%

Filings & corporate actions

Recent announcements

Copy of Newspaper publication of the quarterly results4 Nov 2026 · Company Update / Newspaper Publication
Approval of Unaudited financial results for the quarter and half year ended September 30, 20263 Nov 2026 · Result / Financial Results
Approval of Unaudited Financial Results for the Quarter and Half year ended September 30, 2026 both on Standalone and Consolidated basis.3 Nov 2026 · Board Meeting / Outcome of Board Meeting
Arfin India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2026 ,inter alia, to consider and approve and take on record the Unaudited ....28 Oct 2026 · Board Meeting / Board Meeting
Compliance Certificate under Reg 74(5) of SEBI (DP) Regulation, 2018 for the half year ended September 30, 202610 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Closure of Trading Window for the quarter ending September 30, 202628 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer''s Report and Voting Result of 34th Annual General Meeting of Arfin India Limited21 Sep 2026 · AGM/EGM / AGM
Proceedings of 34th Annual General Meeting held on September 19, 202619 Sep 2026 · AGM/EGM / AGM
The company approved to declare Interim Dividend for the current financial year.18 Sep 2026 · Corp Action / Dividend Updates
Please refer the enclosed files18 Sep 2026 · Corp. Action / Record Date
Please refer the Enclosed files.18 Sep 2026 · Corp. Action / Dividend
Board meeting outcome for declaring Interim Dividend for the current financial year ending on March 31, 202718 Sep 2026 · Board Meeting / Outcome of Board Meeting
Arfin India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/09/2026 ,inter alia, to consider and approve the declaration of an Interim dividend ....14 Sep 2026 · Board Meeting / Board Meeting
Intimation of Closure of Trading Window14 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....31 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Reg. 2011
Copy of newspaper advertisement regarding Notice of 34th Annual General Meeting of the company25 Aug 2026 · Company Update / Newspaper Publication
Dispatch of Physical letter to shareholders25 Aug 2026 · Company Update / General
Annual Report for FY 2025-2624 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 34th Annual General Meeting and Annual report for FY 2025-2624 Aug 2026 · AGM/EGM / AGM
Copy of Newspaper Advertisement regarding Intimation of 34th AGM of the company20 Aug 2026 · Company Update / Newspaper Publication
Intimation of Book closure, Record date and E-voting period for the 34th Annual General meeting of the company19 Aug 2026 · AGM/EGM / AGM
Publication of Newspaper advertisement of Unaudited Financial Result for the quarter ended June 30, 202612 Aug 2026 · Company Update / Newspaper Publication
Unaudited Financial results for the quarter ended June 30, 202611 Aug 2026 · Result / Financial Results
Approval of Unaudited Financial Results for the Quarter ended June 30, 202611 Aug 2026 · Board Meeting / Outcome of Board Meeting
Arfin India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve and take on record the Unaudited ....6 Aug 2026 · Board Meeting / Board Meeting
Intimation regarding updates in Credit Rating of the company31 Jul 2026 · Company Update / Credit Rating
Certificate under Reg. 74(5) of SEBI(DP) Regulation, 2018 for the quarter ended June 30, 202611 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation Regarding The Credit Rating of the Company29 Jun 2026 · Company Update / Credit Rating
Intimation regarding Closure of Trading Window for the quarter ending on June 30, 202627 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation regarding receiving the Supply order19 Jun 2026 · Company Update / Award of Order / Receipt of Order
Exchange of Memorandum of Understanding by wholly owned subsidiary17 Jun 2026 · Company Update / General
Please refer to the enclosed file.14 May 2026 · Company Update / General
Publication of Newspaper Advertisement for Audited Financial Result for the quarter and financial year ended March 31, 202612 May 2026 · Company Update / Newspaper Publication
Audited financial results for the year ended March 31, 202611 May 2026 · Result / Financial Results
Submission of Audited Financial results for the Quarter and Financial Year ended March 31, 202611 May 2026 · Board Meeting / Outcome of Board Meeting
Arfin India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/05/2026 ,inter alia, to consider and approve the Audited Financial Results of ....5 May 2026 · Board Meeting / Board Meeting
Annual Secretarial Compliance Report for the financial year ended March 31, 202630 Apr 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....29 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Certificate under Regulation74(5) of SEBI (DP) Regulation, 2018 for the quarter and financial year ended on March 31, 20268 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation under Regulation 30 of SEBI (LODR) regulation, 2015 regarding receiving the Master Letter of Acceptance from Dakshin Gujarat Vij Company Limited.30 Mar 2026 · Company Update / Award of Order / Receipt of Order

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 0.1200	24 Sep 2026	24 Sep 2026	—
Interim Dividend - Rs. - 0.1100	17 Nov 2025	17 Nov 2025	—

Board meetings

3 Nov 2026 Board Meeting - Financial Results
11 Aug 2026 Board Meeting - Financial Results