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Arman Financial Services Limited
(ARMANFIN)
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Rating:55Neutral
Price Target:
₹2,003.00
▲(28.96% Upside)
Action:Reiterated
Date:07/14/26
The score is held back primarily by weaker recent fundamentals—sharp net income compression and highly volatile cash generation (materially negative again in 2026)—along with a relatively high valuation (P/E 36.46). Offsetting these risks, technicals remain supportive with a strong uptrend (price above key moving averages and positive MACD), though momentum is overbought (RSI ~76, Stoch ~81).
Positive Factors
Asset Growth & Scale
Steady asset growth indicates the company has expanded lending scale and branch/distribution reach. Greater scale can lower unit costs, improve risk pooling across loans, and support diversified revenue streams, reinforcing business resilience over the next several months.
Negative Factors
Volatile Cash Generation
Large swings in operating and free cash flow signal inconsistent conversion of accounting profits into cash. For an NBFC, uneven cash generation raises financing needs, heightens liquidity risk, and makes consistent debt servicing and growth funding more uncertain across economic cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset Growth & Scale
Steady asset growth indicates the company has expanded lending scale and branch/distribution reach. Greater scale can lower unit costs, improve risk pooling across loans, and support diversified revenue streams, reinforcing business resilience over the next several months.
Read all positive factors
Arman Financial Services Limited (ARMANFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.62B
Dividend YieldN/A
Average Volume (3M)1.74K
Price to Earnings (P/E)36.3
Beta (1Y)1.19
Revenue Growth-11.53%
EPS Growth8.42%
CountryIN
Employees951
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)53.91
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
null...
Arman Financial Services Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
32
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.09B | 6.17B | 5.87B | 3.89B | 2.23B |
| Gross Profit | 2.53B | 2.84B | 2.64B | 1.68B | 957.61M |
| EBITDA | 1.91B | 709.74M | 2.30B | 1.26B | 465.90M |
| Net Income | 566.05M | 520.73M | 1.74B | 938.11M | 317.23M |
Balance Sheet | |||||
| Total Assets | 27.98B | 22.27B | 26.35B | 20.38B | 12.41B |
| Cash, Cash Equivalents and Short-Term Investments | 4.91B | 4.52B | 5.32B | 4.53B | 1.42B |
| Total Debt | 17.76B | 12.32B | 17.25B | 16.04B | 9.90B |
| Total Liabilities | 18.64B | 13.53B | 18.22B | 16.72B | 10.29B |
| Stockholders Equity | 9.33B | 8.74B | 8.13B | 3.66B | 2.13B |
Cash Flow | |||||
| Free Cash Flow | -4.80B | 4.67B | -3.05B | -7.20B | -2.82B |
| Operating Cash Flow | -4.76B | 4.93B | -3.02B | -7.18B | -2.81B |
| Investing Cash Flow | -496.80M | -488.04M | 183.80M | -126.16M | -19.68M |
| Financing Cash Flow | 5.46B | -4.95B | 3.76B | 6.81B | 2.70B |
Arman Financial Services Limited Technical Analysis
Positive
1553.20
Price Trends
1717.58
Positive
1614.80
Positive
1596.66
Positive
Market Momentum
75.65
Negative
72.38
Negative
76.49
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 1754.45, below the 50-day MA of 1717.58, and below the 200-day MA of 1596.66, indicating a bullish trend. The MACD of 75.65 indicates Negative momentum. The RSI at 72.38 is Negative, neither overbought nor oversold. The STOCH value of 76.49 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹29.27B | 8.45 | ― | ― | 22.27% | 78.47% | |
66 Neutral | ₹239.80B | 30.42 | ― | 0.77% | 5.00% | 45.78% | |
65 Neutral | ₹67.10B | 27.39 | ― | 0.29% | 22.32% | 17.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹20.62B | 36.32 | ― | ― | -11.53% | 8.42% | |
55 Neutral | ₹41.61B | 40.55 | ― | ― | -3.48% | ― | |
47 Neutral | ₹26.70B | -3.23 | ― | ― | -56.02% | 33.35% |
* General Sector Average
IN:ARMANFIN
Arman Financial Services Limited
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339.30
20.94%
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Arman Financial Services Limited Corporate Events
Arman Financial Services Publishes FY 2026 Earnings Call Transcript
Jun 5, 2026
Arman Financial Services Limited has released the transcript of its earnings conference call with analysts and investors discussing the financial results for the fourth quarter and full year ended March 31, 2026. The disclosure, made in line with ...
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.