Arman Financial Services Limited (ARMANFIN) AI Stock Analysis

• Market Cap: ₹15.68B
• Dividend Yield: N/A
• Average Volume (3M): 1.74K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.24
• Revenue Growth: -6.03%
• EPS Growth: -100.77%
• Country: IN
• Employees: 951
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 7.60
• Shares Outstanding: 10,512,921
• 10 Day Avg. Volume: 1,643
• 30 Day Avg. Volume: 1,739
• PEG Ratio: -0.36
• Price to Book (P/B): 1.61
• Price to Sales (P/S): 1.93
• P/FCF Ratio: 3.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹1,843.00 ▲(24.79% Upside)

Arman Financial Services Limited shows strong technical momentum and improving financial performance, which are positive indicators. However, the high P/E ratio suggests overvaluation, which is a significant risk. The lack of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market presence and effective business strategies, supporting long-term financial stability.

Cash Flow Improvement

Improved cash flow management enhances liquidity, providing the company with greater flexibility to invest in growth opportunities and manage debt.

Gross Profit Margin

A strong gross profit margin reflects effective cost control and pricing strategies, which can sustain profitability even in competitive markets.

Negative Factors

High Debt Levels

High debt levels can increase financial risk, especially in rising interest rate environments, potentially impacting long-term financial health.

Moderate Net Profit Margin

A moderate net profit margin suggests that while revenue is growing, cost management and efficiency improvements are needed to enhance profitability.

Leverage Concerns

Managing high leverage is crucial to avoid potential liquidity issues and ensure the company can meet its financial obligations during economic downturns.

Arman Financial Services Limited Business Overview & Revenue Model

Company Description

Arman Financial Services Limited, together with its subsidiary, Namra Finance Limited, operates as a non-banking finance company in India. It offers financing for the purchase of two and three wheelers. The company also provides loans to micro, small, and medium enterprises; and group based microfinance services. It operates through a network of 239 branches and approximately 55 dealer touchpoints. The company was incorporated in 1992 and is headquartered in Ahmedabad, India.

How the Company Makes Money

Arman Financial Services Limited generates revenue through several key streams. The company earns fees from investment advisory services, where clients pay for expert guidance on asset allocation and portfolio management. Additionally, ARMANFIN charges management fees for overseeing investment funds, which are typically a percentage of the assets under management (AUM). Performance fees may also apply, particularly in hedge fund structures, where the company takes a percentage of profits above a predetermined benchmark. Furthermore, ARMANFIN may engage in partnerships with financial institutions to offer co-branded products, earning referral fees or commissions on sales. The company also benefits from interest income on financial products and services offered to clients, contributing to its overall earnings.

Arman Financial Services Limited Financial Statement Overview

Summary

Arman Financial Services Limited demonstrates strong revenue growth and improving cash flows, which are positive indicators of future potential. However, the high debt levels present a challenge that the company must manage carefully. Overall, the financial health is good but requires vigilance in maintaining profitability and reducing leverage.

Income Statement

Arman Financial Services Limited shows strong revenue growth with a significant increase from the previous year. The gross profit margin is robust, suggesting efficient cost management. However, the net profit margin is moderate, indicating room for improvement in overall profitability.

Balance Sheet

The company's debt-to-equity ratio is high, reflecting a heavy reliance on debt financing which could pose a risk in interest rate hikes or economic downturns. However, the increase in stockholders' equity is a positive sign of improving financial stability.

Cash Flow

The operating cash flow has improved significantly, turning positive after a previous negative trend, indicating better cash management. The free cash flow is healthy, suggesting good liquidity, although the company should focus on sustaining this trend to ensure long-term stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.17B	6.17B	5.87B	3.89B	2.23B	1.88B
Gross Profit	2.70B	2.84B	2.64B	1.68B	957.61M	763.56M
EBITDA	2.26B	709.74M	2.30B	1.26B	465.90M	126.32M
Net Income	61.85M	520.73M	1.74B	938.11M	317.23M	106.16M
Balance Sheet
Total Assets	0.00	22.27B	26.35B	20.38B	12.41B	9.40B
Cash, Cash Equivalents and Short-Term Investments	0.00	4.52B	5.32B	4.53B	1.42B	1.55B
Total Debt	0.00	12.32B	17.25B	16.04B	9.90B	7.21B
Total Liabilities	-8.74B	13.53B	18.22B	16.72B	10.29B	7.54B
Stockholders Equity	8.74B	8.74B	8.13B	3.66B	2.13B	1.87B
Cash Flow
Free Cash Flow	0.00	4.67B	-3.05B	-7.20B	-2.82B	54.70M
Operating Cash Flow	0.00	4.93B	-3.02B	-7.18B	-2.81B	59.12M
Investing Cash Flow	0.00	-488.04M	183.80M	-126.16M	-19.68M	15.20M
Financing Cash Flow	0.00	-4.95B	3.76B	6.81B	2.70B	221.97M

Arman Financial Services Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1476.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ARMANFIN, the sentiment is Negative. The current price of 1476.85 is below the 20-day moving average (MA) of 1586.21, below the 50-day MA of 1610.21, and below the 200-day MA of 1531.46, indicating a bearish trend. The MACD of -51.17 indicates Positive momentum. The RSI at 35.74 is Neutral, neither overbought nor oversold. The STOCH value of 19.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ARMANFIN.

Arman Financial Services Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARMANFIN	68 Neutral	₹15.68B	-1,420.68	―	―	-6.03%	-100.77%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PAISALO	65 Neutral	₹34.72B	16.83	―	0.28%	11.75%	-6.52%
TFCILTD	58 Neutral	₹32.40B	29.73	―	0.90%	5.73%	12.29%
UGROCAP	53 Neutral	₹20.56B	11.39	―	―	33.99%	11.65%
MUTHOOTMF	51 Neutral	₹32.97B	―	―	―	-10.17%	-181.71%
SPANDANA	48 Neutral	₹21.54B	-1.23	―	―	-45.13%	-1646.01%

Arman Financial Services Limited Corporate Events

Arman Financial Services Releases Q2 FY-26 Investor Call Transcript

Arman Financial Services Limited has released the transcript of its investor call for the second quarter of the fiscal year 2025-26. The call, which took place on November 14, 2025, was led by key management figures including Joint Managing Director Aalok Patel and Chief Financial Officer Vivek Modi. This release is part of the company’s compliance with SEBI regulations, ensuring transparency and communication with stakeholders.