Arman Financial Services Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Arman Financial Services Ltd?

Arman Financial Services Ltd is trading at 1,504.00 as of 08 May 2026, with a FY2026-2027 high of 1,850 and low of 1,256. The stock is currently in the middle of its 52-week range. Market cap stands at 1,580 Cr..

Q: Is Arman Financial Services Ltd financially healthy?

Key indicators: ROCE of 13.3 % is moderate. Dividend yield is 0.00 %.

Q: Is Arman Financial Services Ltd profitable and how is the profit trend?

Arman Financial Services Ltd reported a net profit of 52 Cr in Mar 2025 on revenue of 730 Cr. Compared to 32 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹2,327.60Undervalued by 54.76%vs CMP ₹1,504.00

P/E (55.7) × ROE (6.2%) × BV (₹830.00) × DY (2.00%)

₹997.95Overvalued by 33.65%vs CMP ₹1,504.00

MoS: -50.7% (Negative)Confidence: 54/100 (Moderate)Models: 1 Under, 1 Fair, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹2,181.02	24%	Under (+45%)
Graham Number	Earnings	₹709.82	17%	Over (-52.8%)
Earnings Power	Earnings	₹795.89	11%	Over (-47.1%)
DCF	Cash Flow	₹262.85	14%	Over (-82.5%)
Net Asset Value	Assets	₹831.01	8%	Over (-44.7%)
EV/EBITDA	Enterprise	₹19.04	9%	Over (-98.7%)
Earnings Yield	Earnings	₹269.80	8%	Over (-82.1%)
ROCE Capital	Returns	₹1,599.00	9%	Fair (+6.3%)
Consensus (8 models)		₹997.95	100%	Overvalued

Key Drivers: Wide model spread (₹19–₹2,181) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -6.3%

*Investments are subject to market risks

Analyst Summary

Arman Financial Services Ltd operates in the Non-Banking Financial Company (NBFC) segment, NSE: ARMANFIN | BSE: 531179, current market price is ₹1,504.00, market cap is 1,580 Cr.. At a glance, stock P/E is 55.7, ROE is 6.17 %, ROCE is 13.3 %, book value is 830, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹997.95, around 33.6% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹730 Cr versus the prior period change of 10.4%, while latest net profit is about ₹52 Cr with a prior-period change of -70.1%. The 52-week range shown on this page is 1,850/1,256, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisArman Financial Services Ltd. is a Public Limited Listed company incorporated on 26/11/1992 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN)…

This summary is generated from the stock page data available for Arman Financial Services Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Arman Financial Services Ltd scores 55/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health64/100 · Moderate

ROCE 13.3% GoodROE 6.2% AverageD/E 3.86 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money60/100 · Moderate

FII holding up 0.50% (6mo) Slight increasePromoter holding at 22.0% Stable

Earnings Quality50/100 · Moderate

Quarterly Momentum40/100 · Moderate

Profit (4Q): -101% YoY Declining

Industry Rank65/100 · Strong

P/E 55.7 vs industry 112.3 Cheaper than peersROCE 13.3% vs industry 15.8% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 4, 2026, 11:50 pm

Market Cap	1,580 Cr.
Current Price	1,504
Intrinsic Value	₹997.95
High / Low	1,850/1,256
Stock P/E	55.7
Book Value	830
Dividend Yield	0.00 %
ROCE	13.3 %
ROE	6.17 %
Face Value	10.0
PEG Ratio	-8.84

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Arman Financial Services Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Arman Financial Services Ltd	1,580 Cr.	1,504	1,850/1,256	55.7	830	0.00 %	13.3 %	6.17 %	10.0
Balmer Lawrie Investment Ltd	1,634 Cr.	73.6	95.8/63.8	9.47	61.2	5.84 %	17.2 %	13.2 %	1.00
Ashika Credit Capital Ltd	1,769 Cr.	395	443/286	182	138	0.00 %	22.1 %	20.2 %	10.0
Mufin Green Finance Ltd	1,980 Cr.	114	126/64.0	93.9	18.4	0.00 %	12.6 %	7.89 %	1.00
Capital India Finance Ltd	1,127 Cr.	28.9	44.5/20.4		17.2	0.07 %	6.34 %	0.30 %	2.00
Industry Average	26,649.85 Cr	400.27		112.26	514.36	0.24%	15.75%	8.88%	8.50

All Competitor Stocks of Arman Financial Services Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	92.65	103.04	149.31	149.51	160.33	168.76	182.85	184.43	181.49	164.77	199.35	151.00	159.21
Interest	36.07	44.04	63.31	63.97	67.35	71.20	62.95	65.37	65.26	56.98	51.75	52.22	49.61
Expenses	29.60	29.30	36.86	35.42	34.13	42.02	54.97	77.63	93.48	114.22	134.46	109.51	91.21
Financing Profit	26.98	29.70	49.14	50.12	58.85	55.54	64.93	41.43	22.75	-6.43	13.14	-10.73	18.39
Financing Margin %	29.12%	28.82%	32.91%	33.52%	36.71%	32.91%	35.51%	22.46%	12.54%	-3.90%	6.59%	-7.11%	11.55%
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.26	0.31	0.31	0.32	0.36	0.36	0.38	0.42	0.44	0.46	0.48	0.44	0.45
Profit before tax	26.72	29.39	48.83	49.80	58.49	55.18	64.62	41.01	22.31	-6.89	12.66	-11.17	17.94
Tax %	25.41%	25.25%	25.89%	19.80%	30.21%	23.89%	21.36%	23.65%	31.60%	5.37%	-0.87%	30.53%	55.41%
Net Profit	19.92	21.98	36.20	39.94	40.82	42.00	50.82	31.30	15.27	-7.26	12.76	-14.58	7.99
EPS in Rs	23.46	25.88	42.63	47.02	46.86	42.91	48.51	29.87	14.57	-6.93	12.18	-13.90	7.60
Gross NPA %			2.80%	2.50%	2.48%	2.83%	2.88%	2.68%	3.74%	4.13%	3.37%	3.45%	3.70%
Net NPA %			0.20%	0.10%	0.23%	0.33%	0.31%	0.22%	0.64%	0.67%	0.55%	0.51%	0.50%

Last Updated: January 2, 2026, 11:00 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 9:50 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	24	30	41	54	78	139	214	195	235	424	661	730	670
Interest	9	11	16	24	34	59	88	79	89	172	266	240	204
Expenses	9	9	12	20	34	44	72	103	99	126	166	419	416
Financing Profit	7	9	12	10	10	37	53	13	46	126	229	71	50
Financing Margin %	28%	32%	30%	19%	13%	26%	25%	6%	20%	30%	35%	10%	7%
Other Income	0	0	0	0	0	0	1	0	-0	0	0	0	0
Depreciation	0	0	0	0	0	0	1	1	1	1	1	2	2
Profit before tax	7	9	12	10	10	36	54	12	46	125	228	69	48
Tax %	32%	33%	34%	36%	26%	27%	23%	10%	30%	25%	24%	25%
Net Profit	5	6	8	6	7	26	42	11	32	94	174	52	28
EPS in Rs	7.92	10.77	13.99	11.05	12.76	45.98	49.13	12.51	37.35	110.46	165.67	49.69	26.98
Dividend Payout %	15%	13%	12%	11%	9%	4%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	20.00%	33.33%	-25.00%	16.67%	271.43%	61.54%	-73.81%	190.91%	193.75%	85.11%	-70.11%
Change in YoY Net Profit Growth (%)	0.00%	13.33%	-58.33%	41.67%	254.76%	-209.89%	-135.35%	264.72%	2.84%	-108.64%	-155.22%

Arman Financial Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	38%
5 Years:	28%
3 Years:	46%
TTM:	0%

Compounded Profit Growth
10 Years:	24%
5 Years:	5%
3 Years:	18%
TTM:	-96%

Stock Price CAGR
10 Years:	22%
5 Years:	20%
3 Years:	0%
1 Year:	-17%

Return on Equity
10 Years:	18%
5 Years:	17%
3 Years:	19%
Last Year:	6%

Last Updated: September 4, 2025, 11:35 pm

Balance Sheet

Last Updated: December 4, 2025, 12:58 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	7	7	7	7	7	7	8	8	8	8	10	10	11
Reserves	27	32	39	44	50	116	164	178	204	355	802	864	862
Borrowing	75	93	143	157	395	612	698	721	990	1,607	1,725	1,232	1,197
Other Liabilities	3	6	7	7	12	18	26	32	39	68	97	121	83
Total Liabilities	112	137	195	215	465	753	896	940	1,241	2,038	2,635	2,227	2,153
Fixed Assets	2	2	2	3	3	4	4	4	5	6	8	31	32
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	1	2	3	3	3	3	6	19	7	39	33
Other Assets	110	136	192	210	459	746	888	933	1,231	2,013	2,620	2,157	2,087
Total Assets	112	137	195	215	465	753	896	940	1,241	2,038	2,635	2,227	2,153

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-6	7	-1	21	-203	-221	-76	6	-281	-718	-302	493
Cash from Investing Activity +	-2	-1	-7	-2	-12	-1	2	2	-2	-13	18	-49
Cash from Financing Activity +	16	-5	1	-9	205	252	94	22	270	681	376	-495
Net Cash Flow	8	1	-7	10	-9	30	20	30	-12	-49	92	-51
Free Cash Flow	-7	6	-2	21	-203	-222	-77	5	-282	-720	-305	467
CFO/OP	-25%	49%	12%	74%	-447%	-223%	-41%	13%	-194%	-232%	-49%	168%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-66.00	-84.00	-131.00	-137.00	-361.00	-568.00	-626.00	-618.00	-891.00	125.00	165.00	418.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
ROE %	16%	17%	19%	13%	14%	29%	28%	6%	16%	33%	30%	6%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	27.31%	27.26%	26.58%	23.65%	22.09%	22.09%	22.07%	22.07%	22.06%	22.05%	22.00%	22.00%
FIIs	5.04%	4.86%	3.89%	6.64%	10.20%	5.18%	4.90%	1.97%	1.19%	1.42%	1.80%	1.69%
DIIs	0.76%	0.81%	0.77%	7.66%	6.29%	6.16%	5.03%	4.51%	4.91%	5.08%	4.83%	5.03%
Public	66.89%	67.05%	68.76%	62.05%	61.41%	66.56%	68.01%	71.44%	71.82%	71.45%	71.37%	71.29%
No. of Shareholders	11,196	12,185	13,758	15,688	19,745	21,676	36,339	42,629	41,400	37,608	36,531	34,930

Shareholding Pattern Chart

No. of Shareholders

Arman Financial Services Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
WhiteOak Capital Flexi Cap Fund	39,558	0.09	6.4	N/A	N/A	N/A
WhiteOak Capital Multi Cap Fund	12,209	0.07	1.98	N/A	N/A	N/A
Groww Banking & Financial Services Fund	7,025	1.82	1.14	N/A	N/A	N/A
WhiteOak Capital ELSS Tax Saver Fund	2,733	0.1	0.44	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	49.67	195.00	110.47	37.36	12.53
Diluted EPS (Rs.)	49.26	192.76	110.47	37.35	12.53
Cash EPS (Rs.)	51.34	167.03	111.83	38.48	13.46
Book Value[Excl.RevalReserv]/Share (Rs.)	833.53	775.70	355.45	250.47	220.02
Book Value[Incl.RevalReserv]/Share (Rs.)	833.53	775.70	355.45	250.47	220.02
Revenue From Operations / Share (Rs.)	695.91	631.35	499.16	275.58	224.94
PBDIT / Share (Rs.)	295.74	472.46	351.03	160.07	106.05
PBIT / Share (Rs.)	294.03	471.10	349.67	158.94	105.10
PBT / Share (Rs.)	65.86	217.71	147.14	53.60	13.86
Net Profit / Share (Rs.)	49.64	165.67	110.47	37.36	12.51
NP After MI And SOA / Share (Rs.)	49.64	165.67	110.47	37.36	12.51
PBDIT Margin (%)	42.49	74.83	70.32	58.08	47.14
PBIT Margin (%)	42.25	74.61	70.05	57.67	46.72
PBT Margin (%)	9.46	34.48	29.47	19.45	6.16
Net Profit Margin (%)	7.13	26.24	22.13	13.55	5.55
NP After MI And SOA Margin (%)	7.13	26.24	22.13	13.55	5.55
Return on Networth / Equity (%)	5.95	21.35	31.07	14.91	5.68
Return on Capital Employeed (%)	34.96	59.68	79.00	30.84	23.09
Return On Assets (%)	2.33	6.58	4.60	2.55	1.12
Long Term Debt / Equity (X)	0.00	0.00	0.00	1.03	1.03
Total Debt / Equity (X)	1.41	2.12	5.32	4.65	3.86
Asset Turnover Ratio (%)	0.30	0.28	0.25	0.09	0.10
Current Ratio (X)	1.61	1.44	1.21	1.52	1.67
Quick Ratio (X)	1.61	1.44	1.21	1.52	1.67
Interest Coverage Ratio (X)	1.30	1.86	1.73	1.52	1.16
Interest Coverage Ratio (Post Tax) (X)	1.22	1.65	1.55	1.35	1.14
Enterprise Value (Cr.)	2183.85	3129.92	2303.82	1687.64	1069.74
EV / Net Operating Revenue (X)	2.99	4.73	5.43	7.21	5.60
EV / EBITDA (X)	7.04	6.32	7.73	12.42	11.88
MarketCap / Net Operating Revenue (X)	1.86	2.92	2.67	3.59	2.71
Price / BV (X)	1.55	2.37	3.74	3.95	2.77
Price / Net Operating Revenue (X)	1.86	2.92	2.67	3.59	2.71
EarningsYield	0.03	0.08	0.08	0.03	0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Arman Financial Services Ltd. is a Public Limited Listed company incorporated on 26/11/1992 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L55910GJ1992PLC018623 and registration number is 018623. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 181.88 Cr. and Equity Capital is Rs. 10.49 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Non-Banking Financial Company (NBFC)	502-503, Sakar III, Ahmedabad Gujarat 380014	Contact not found

Management
Name	Position Held
Mr. Alok N Prasad	Chairman
Mr. Jayendrabhai B Patel	Vice Chairman & Mng.Director
Mr. Aalok J Patel	Joint Managing Director
Mrs. Ritaben J Patel	Non Executive Director
Mr. Aakash J Patel	Non Executive Director
Mr. Yash Kaushik Shah	Independent Director
Mrs. Geeta Haresh Solanki	Independent Director
Mr. Pinakin S Shah	Independent Director

FAQ

What is the intrinsic value of Arman Financial Services Ltd and is it undervalued?

As of 08 May 2026, Arman Financial Services Ltd's intrinsic value is ₹997.95, which is 33.65% lower than the current market price of ₹1,504.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.17 %), book value (₹830), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Arman Financial Services Ltd?

Arman Financial Services Ltd is trading at ₹1,504.00 as of 08 May 2026, with a FY2026-2027 high of ₹1,850 and low of ₹1,256. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,580 Cr..

How does Arman Financial Services Ltd's P/E ratio compare to its industry?

Arman Financial Services Ltd has a P/E ratio of 55.7, which is below the industry average of 112.26. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Arman Financial Services Ltd financially healthy?

Key indicators for Arman Financial Services Ltd: ROCE of 13.3 % is moderate; ROE of 6.17 % is below ideal levels (industry average: 8.88%). Dividend yield is 0.00 %.

Is Arman Financial Services Ltd profitable and how is the profit trend?

Arman Financial Services Ltd reported a net profit of ₹52 Cr in Mar 2025 on revenue of ₹730 Cr. Compared to ₹32 Cr in Mar 2022, the net profit shows an improving trend.

Does Arman Financial Services Ltd pay dividends?

Arman Financial Services Ltd has a dividend yield of 0.00 % at the current price of ₹1,504.00. The company is currently not paying meaningful dividends.