Arman Financial Services Limited

BSE: ARMANFIN531179ISIN INE109C01017

Financial Services
Non Banking Financial Company (NBFC)
BSE Financial Services

BSE listing

Share price

₹1,964.35+5.15 (+0.26%)

as of 18 Sep 2026

52W high: ₹2,159.10
52W low: ₹1,302.30
Off 52W high: -9.02%
1M return: +1.64%
3M return: +16.10%
6M return: +30.21%
1Y return: +37.62%
20D avg volume: 1,616
50 DMA: ₹1,970.50
200 DMA: ₹1,677.95

Key ratios Consolidated

Market cap: ₹2,065 Cr
Current price: ₹1,964.35
52W high / low: ₹2,159.10 / ₹1,302.30
Face value: ₹10.00
P/E: 17.75
P/B: —
EPS (TTM): ₹110.66
Book value / share: —
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.99
Net debt: ₹833.68 Cr
Interest cover: 1.38
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: —

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	201.78	175.58	160.07	159.21	151.00	199.35	—
	0.04	0.00	0.00	0.00	0.00	0.00	—
	144.65	133.50	131.57	141.27	162.17	186.69	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	42.60	41.47	38.91	36.44	33.44	32.23	—
	64.28	52.78	50.80	49.61	52.22	51.75	—
	0.47	0.37	0.43	0.45	0.44	0.48	—
	17.80	21.62	15.21	16.50	9.55	13.26	—
	57.17	42.09	28.50	17.94	-11.17	12.66	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	57.17	42.09	28.50	17.94	-11.17	12.66	—
	12.00	1.07	6.32	9.94	3.42	-0.11	—
	45.17	41.01	22.18	7.99	-14.58	12.76	—
	42.96	39.06	21.13	7.62	-13.90	12.17	—
Key metrics
	22.40%	23.40%	13.90%	5.00%	-9.70%	6.40%	—
	33.60%	-11.90%	—	—	—	—	—
	409.80%	221.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	696.64	645.87	730.04	—
	0.04	0.00	0.00	—
	550.99	568.51	660.95	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	159.42	150.26	112.34	—
	217.47	205.42	239.36	—
	1.72	1.69	1.79	—
	71.13	62.89	43.36	—
	145.70	77.36	69.09	—
	0.00	0.00	0.00	—
	145.70	77.36	69.09	—
	29.33	20.75	17.02	—
	116.35	56.61	52.07	—
	110.77	53.91	49.67	—
Key metrics
	16.70%	8.80%	7.10%	—
	—	-11.50%	—	—
	—	8.70%	—	—
	—	-479.51	467.45	—
	—	-8.42	9.46	—
	—	0.99	1.02	—
	—	833.68	820.06	—
Balance sheet
	—	2,798	2,227	—
	—	87.78	67.75	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	29.44	29.99	—
	—	921.46	887.81	—
	—	933.33	874.41	—
Cash flow
	—	-476.40	492.82	—
	—	-49.68	-48.80	—
	—	546.12	-494.85	—
	—	3.11	25.37	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	65.87	60.16	53.63	51.74	50.25	50.56	—
	0.09	0.20	0.34	0.36	0.53	4.24	—
	47.18	46.56	41.36	40.02	35.20	37.58	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	15.43	17.09	15.37	12.91	11.28	10.15	—
	19.79	17.23	13.99	13.82	11.99	11.83	—
	0.13	0.10	0.10	0.11	0.09	0.10	—
	6.62	10.00	5.01	4.84	4.23	8.09	—
	18.77	13.81	12.61	12.08	15.58	17.22	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	18.77	13.81	12.61	12.08	15.58	17.22	—
	4.18	3.96	3.21	3.16	3.13	4.43	—
	14.59	9.85	9.40	8.91	12.45	12.79	—
	13.88	9.38	8.94	8.49	11.87	12.19	—
Key metrics
	22.10%	16.40%	17.50%	17.20%	24.80%	25.30%	—
	31.10%	19.00%	—	—	—	—	—
	17.20%	-23.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	231.40	215.79	181.88	—
	0.99	1.43	3.42	—
	175.12	163.15	127.30	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	60.80	56.65	36.95	—
	64.83	57.03	43.56	—
	0.44	0.40	0.37	—
	26.47	24.08	17.55	—
	57.27	54.08	58.00	—
	0.00	0.00	0.00	—
	57.27	54.08	58.00	—
	14.51	13.47	14.83	—
	42.75	40.61	43.17	—
	40.69	38.68	41.17	—
Key metrics
	18.47%	18.80%	23.70%	—
	—	18.60%	—	—
	—	-5.90%	—	—
	—	-176.79	-120.65	—
	—	-4.28	-2.23	—
	—	0.44	0.46	—
	—	204.94	266.89	—
Balance sheet
	—	1,372	1,016	—
	—	74.84	4.81	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	25.34	25.31	—
	—	279.78	271.70	—
	—	632.44	585.80	—
Cash flow
	—	-174.01	-96.48	—
	—	-71.07	-92.19	—
	—	315.11	123.95	—
	—	2.78	24.17	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
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 Jun 2026

Promoter holding: 22.00%

Holder	Type	Holding	Previous	Change
NAMRA HOLDINGS AND CONSULTANCY SERVICES LLP	Promoter Group	9.02%	—	—
ELEVATION CAPITAL V LIMITED	Public	8.09%	—	—
RITABEN JAYENDRABHAI PATEL	Promoter	4.15%	—	—
JAYENDRABHAI BHAILALBHAI PATEL	Promoter	4.07%	—	—
MUKUL MAHAVIR AGRAWAL	Public	3.80%	—	—
AALOK JAYENDRABHAI PATEL	Promoter Group	2.36%	—	—
JAYENDRA BHAILAL PATEL HUF	Promoter Group	1.86%	—	—
AIRAVAT CAPITAL TRUST - AIRAVAT CAPITAL TRUST II	Public	1.79%	—	—
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	1.79%	—	—
ABHISHEK PRADEEPKUMAR BANSAL	Public	1.10%	—	—
VINAY JAIPRAKASH AMBEKAR	Public	1.08%	—	—
DUMT TRADEVEST	Public	1.05%	—	—
SAJNI AALOK PATEL	Promoter Group	0.39%	—	—
AMIT RAJNIKANT MANAKIWALA	Promoter	0.09%	—	—
HIMANI AMIT MANAKIWALA	Promoter Group	0.05%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Arman Financial Services Limited has informed the Exchange about Schedule of meet18 Sep 2026 · Company Update / Analyst / Investor Meet
Allotment of Shares Pursuant to ESOP 2016 and ESOP Plan 2023.15 Sep 2026 · Company Update / Allotment of ESOP / ESPS
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)7 Sep 2026 · Company Update / Newspaper Publication
Letter to Shareholders5 Sep 2026 · Company Update / General
Business Responsibility and Sustainability Report - 31.03.20265 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
34th Annual General Meeting to be held on September 28, 20265 Sep 2026 · AGM/EGM / AGM
Annual Report 2025-20265 Sep 2026 · Others / Reg. 34 (1) Annual Report
Arman Financial Services Limited has informed the Exchange about Schedule of meet4 Sep 2026 · Company Update / Analyst / Investor Meet
Certificate of Interest Payment.3 Sep 2026 · Others / Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
Certificate of Interest and Principal Redemption.3 Sep 2026 · Others / Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Himani Manakiwala2 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Himani Manakiwala29 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Arman Financial Services Limited has informed the Exchange about Copy of Newspaper Publication with respect to 34th Annual General Meeting and E-voting Procedure26 Aug 2026 · Company Update / Newspaper Publication
Intimation regarding the demise of Mr. Jayendra B Patel, Founder and Whole-time Director of the Company25 Aug 2026 · Company Update / Demise
Earnings Call Transcript for Q1 FY 2026-2720 Aug 2026 · Company Update / Earnings Call Transcript
Analyst / Investor Meet Outcome Attached.13 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication on Financial Results for Q1 FY 2026-2713 Aug 2026 · Company Update / Newspaper Publication
Investor Presentation for Q1 FY 2026-27.13 Aug 2026 · Company Update / Investor Presentation
Press Release on Q1 FY 2026-27: Financial Results12 Aug 2026 · Company Update / Press Release / Media Release
Change in Management - SMP12 Aug 2026 · Company Update / Change in Management
Statement of Material Deviation for the Quarter ended on June 30, 2026.12 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Asset Cover for quarter ended on June 30, 2026.12 Aug 2026 · Others / Reg. 54 - Asset Cover details
Intimation regarding Grant of ESOP Pursuant to "Arman - Employee Stock Option Plan 2023".12 Aug 2026 · Company Update / General
Financial Results for the Quarter ended on June 30, 202612 Aug 2026 · Board Meeting / Outcome of Board Meeting
Analyst/ Investor Meet Intimation for meetings dated August 14, 2026.7 Aug 2026 · Company Update / Analyst / Investor Meet
Analyst / Investor Meet Intimation for Q1 FY 2026-27.7 Aug 2026 · Company Update / Analyst / Investor Meet
Arman Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve Unaudited Finacial ....6 Aug 2026 · Board Meeting / Board Meeting
Interest payment Intimation5 Aug 2026 · Others / Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
CERTIFICATE OF INTEREST PAYMENT29 Jul 2026 · Others / Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
Newspaper advertisement in respect of the transfer of shares to IEPFA & Information for Special window for Transfer and Dematerialization of Physical Shares.11 Jul 2026 · Company Update / Newspaper Publication
Newspaper advertisement in respect of the transfer of shares to IEPF & Information for and Special Window for Transfer and Dematerialization of Physical Shares11 Jul 2026 · Company Update / Newspaper Publication
Certificate of Interest Payment10 Jul 2026 · Others / Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
Certificate under Regulation 74(5) of SEBI (DP) Regualtions, 20189 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Certificate of Interest Payment3 Jul 2026 · Others / Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
Certificate of Interest Payment26 Jun 2026 · Others / Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
Trading Window Closure for Q1, 2026-2027.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Appointment of Senior Management Personnel and Reconstitution of Board Committees.9 Jun 2026 · Company Update / Change in Management
Certificate of Interest Payment5 Jun 2026 · Others / Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
Certificate of Interest and Principal Payment5 Jun 2026 · Others / Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD
Earning Call Transcript Enclosed for Q4FY26.5 Jun 2026 · Company Update / Earnings Call Transcript

Board meetings

12 Aug 2026 Board Meeting - Financial Results