Arman Financial Services

₹1,609As of Sun 8 Nov 2026, 12:00 UTC

NSE:ARMANFINFinancials

Country India

PE (Fwd) 21.27

TSR 10Y CAGR 18.88%

Div yield —

ROTE —

Credit Services

Beta (5Y) 0.37

PE TTM 30.04

TSR TTM (1.36%)

Mkt cap ₹16.97B

NIM —

SE Grade™

—

Value

Quality

—

Moat

—

1Y Price

Reference

₹1,758

9.23%

(32.38%)

Price above Reference Value

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

4.535

Revenue₹B

—

1.505

2.631

4.140

5.092

4.535

5.303

31.75%

(10.94)

Revenue growth%

—

74.81

57.35

23.01

(10.94)

16.93

40.18

—

NIM%

—

50.25

Effic. R.%

—

44.95

35.50

29.18

34.57

50.25

49.96

35.50

—

12.48

Net margin%

—

21.08

35.66

41.93

10.23

12.48

12.94

21.08

30.04

P/E ratio (avg)x

—

21.50

12.25

11.36

32.92

29.28

24.78

21.50

—

P/TBVx

—

P/Bx

—

3.848

NII₹B

—

1.361

2.259

3.455

3.981

3.848

4.492

29.68%

—

(3.32)

NII grth%

—

66.03

52.95

15.21

(3.32)

16.74

34.08

—

ROTE%

—

Return on equity%

—

Return on assets%

—

53.57

EPS₹

—

37.35

106.45

192.76

49.26

53.57

64.93

9.43%

—

8.75

EPS growth%

—

184.99

81.08

(74.45)

8.75

21.20

44.92

—

Bookvalue per sh₹

—

TBV/sh₹

—

Dividend per sh₹

—

Div yield (avg)%

—

Payout ratio%

—

10.57

Shares (diluted)M

—

8.493

8.813

9.005

10.57

◌10.57

5.61%

0.05

Buyback yield%

—

(3.76)

(2.18)

(17.40)

0.05

◌—

(2.97)

—

Eq/Assets%

—

Assets₹M

—

LT debt₹M

—

Peers (US$177.5M)

Cap (US$)

Fusion Finance Limited

267.5M

8.639x

Spandana Sphoorty…

173.7M

—

PTC India Financial…

172.2M

9.042x

Solvar Limited

176.0M

8.908x

Capital

TTM

10Y

Tang eq%

—

LT debt%

—

Cash%

—

Sh yield%

0.05

(2.97)

Owners

Insiders/Inst%

21.06

5.19

Short interest%

—

SBC / revenue%

0.92

Record

10Y

Profitable years

5/5

Revenue growth years

3/4

EPS growth years

3/4

Dividend streakyrs

ROE range%

—

$1 testx

—

Incr. ROIC%

—

Arman Financial Services Limited, together with its subsidiary, operates as a non-banking finance company in India. The company offers micro, small, and medium enterprise loans; two wheeler financing for motorcycles, mopeds, scooterettes, and scooters; and micro finance loans, as well as individual business loans and loan against property.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹4.535B

31.75%

1.00×

Non-interest expense

₹2.279B

35.48%

1.12×

Revenue mix

Trend

Net interest income

84.86%

Non-interest income

15.14%

Reinvestment returns

n/m

Trend

Retention rate

n/m

Return on capital

n/m

Spread over hurdle

n/m