Arman Financial Services Limited (IN:ARMANFIN)
:ARMANFIN
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Arman Financial Services Limited
(ARMANFIN)
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Rating:58Neutral
Price Target:
₹1,874.00
▲(20.65% Upside)
Action:Reiterated
Date:05/29/26
The score is held back primarily by mixed financial performance—especially the sharp net income decline after 2024 and renewed negative cash flow in 2026—along with a rich valuation (P/E 66.67). These are partially offset by strong technicals, with the stock in a clear uptrend and supportive momentum.
Positive Factors
Multi-year revenue expansion and scale
Sustained revenue expansion through 2024 indicates the company built meaningful scale and product-market fit in its lending franchises. That prior multi-year growth supports durable loan-book and fee-base expansion potential, enabling operating leverage and branch/distribution economics over the medium term.
Negative Factors
Volatile and weak cash generation
Highly inconsistent cash conversion signals earnings quality and liquidity risk concerns. Persistent swings between cash deficits and one-off positive years increase reliance on external funding, constrain reinvestment capacity, and raise execution risk for sustaining growth and meeting regulatory or covenant needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue expansion and scale
Sustained revenue expansion through 2024 indicates the company built meaningful scale and product-market fit in its lending franchises. That prior multi-year growth supports durable loan-book and fee-base expansion potential, enabling operating leverage and branch/distribution economics over the medium term.
Read all positive factors
Arman Financial Services Limited (ARMANFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.83B
Dividend YieldN/A
Average Volume (3M)1.74K
Price to Earnings (P/E)31.5
Beta (1Y)1.04
Revenue Growth-11.53%
EPS Growth8.42%
CountryIN
Employees951
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-1.04
Shares Outstanding10,514,761
10 Day Avg. Volume1,643
30 Day Avg. Volume1,739
Financial Highlights & Ratios
PEG Ratio2.92
Price to Book (P/B)1.51
Price to Sales (P/S)2.32
P/FCF Ratio-2.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Arman Financial Services Limited Business Overview & Revenue Model
Company Description
Arman Financial Services Limited, operating in India alongside its subsidiary Namra Finance Limited, functions as a non-banking financial company. The firm's core business involves offering financing solutions for individuals purchasing two- and t...
How the Company Makes Money
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Arman Financial Services Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.94B | 6.09B | 6.17B | 5.87B | 3.89B | 2.23B |
| Gross Profit | 2.54B | 2.53B | 2.84B | 2.64B | 1.68B | 957.61M |
| EBITDA | 2.04B | 1.91B | 709.74M | 2.30B | 1.26B | 465.90M |
| Net Income | -10.86M | 566.05M | 520.73M | 1.74B | 938.11M | 317.23M |
Balance Sheet | ||||||
| Total Assets | 21.53B | 27.98B | 22.27B | 26.35B | 20.38B | 12.41B |
| Cash, Cash Equivalents and Short-Term Investments | 4.45B | 4.91B | 4.52B | 5.32B | 4.53B | 1.42B |
| Total Debt | 11.97B | 17.76B | 12.32B | 17.25B | 16.04B | 9.90B |
| Total Liabilities | 12.81B | 18.64B | 13.53B | 18.22B | 16.72B | 10.29B |
| Stockholders Equity | 8.72B | 9.33B | 8.74B | 8.13B | 3.66B | 2.13B |
Cash Flow | ||||||
| Free Cash Flow | 804.08M | -4.80B | 4.67B | -3.05B | -7.20B | -2.82B |
| Operating Cash Flow | 808.79M | -4.76B | 4.93B | -3.02B | -7.18B | -2.81B |
| Investing Cash Flow | 85.94M | -496.80M | -488.04M | 183.80M | -126.16M | -19.68M |
| Financing Cash Flow | -359.23M | 5.46B | -4.95B | 3.76B | 6.81B | 2.70B |
Arman Financial Services Limited Technical Analysis
Positive
1553.20
Price Trends
1638.38
Positive
1584.16
Positive
1565.31
Positive
Market Momentum
0.37
Negative
55.75
Neutral
75.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ARMANFIN, the sentiment is Positive. The current price of 1553.2 is below the 20-day moving average (MA) of 1648.86, below the 50-day MA of 1638.38, and below the 200-day MA of 1565.31, indicating a bullish trend. The MACD of 0.37 indicates Negative momentum. The RSI at 55.75 is Neutral, neither overbought nor oversold. The STOCH value of 75.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ARMANFIN.
Arman Financial Services Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹34.47B | 28.01 | ― | 0.92% | 6.45% | 18.85% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | ₹53.24B | 22.27 | ― | 0.29% | 22.32% | 17.78% | |
59 Neutral | ₹35.33B | -19.17 | ― | ― | -3.48% | ― | |
58 Neutral | ₹17.83B | 31.46 | ― | ― | -11.53% | 8.42% | |
49 Neutral | ₹15.41B | 8.75 | ― | ― | 39.48% | -8.51% | |
47 Neutral | ₹22.76B | -2.82 | ― | ― | -56.02% | 33.35% |
* Financial Sector Average
IN:ARMANFIN
Arman Financial Services Limited
1,691.90
-57.10
-3.26%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.