Arman Financial Services Limited (ARMANFIN) AI Stock Analysis

• Market Cap: ₹15.38B
• Dividend Yield: N/A
• Average Volume (3M): 1.74K
• Price to Earnings (P/E): 18.4
• Beta (1Y): 1.07
• Revenue Growth: -6.03%
• EPS Growth: -100.77%
• Country: IN
• Employees: 951
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 21.10
• 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): 2.28
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹1,543.00 ▼(-0.66% Downside)
• Action: Reiterated Date: 01/22/26
• Date: Action: Reiterated 01/22/26

The score is primarily supported by solid financial performance (revenue growth and improved cash flows), but is held back by elevated leverage on the balance sheet and weak valuation signals (negative P/E). Technicals are neutral, with mixed momentum indicators.

Positive Factors

Microfinance / underbanked focus

A clear focus on microfinance and small-ticket lending targets structurally underbanked segments, supporting stable demand and portfolio diversification. Branch-led, field origination strengthens local credit underwriting and client retention, a durable competitive advantage in last-mile retail lending.

Negative Factors

High leverage / debt reliance

Elevated debt-to-equity raises sensitivity to rising funding costs and refinancing risk. For an NBFC reliant on external funding, sustained high leverage can compress net interest margins, limit capital flexibility for growth or provisioning, and magnify stress in 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, sm...

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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, sm...

How the Company Makes Money

ARMANFIN primarily makes money by lending: it raises funds (e.g., from banks, capital markets, or other funding sources) and deploys that capital into loans, earning interest income on the outstanding loan portfolio. Its core revenue stream is the...

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ARMANFIN primarily makes money by lending: it raises funds (e.g., from banks, capital markets, or other funding sources) and deploys that capital into loans, earning interest income on the outstanding loan portfolio. Its core revenue stream is the...

Arman Financial Services Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.94B	6.17B	5.87B	3.89B	2.23B	1.88B
Gross Profit	2.54B	2.84B	2.64B	1.68B	957.61M	763.56M
EBITDA	2.04B	709.74M	2.30B	1.26B	465.90M	126.32M
Net Income	-10.86M	520.73M	1.74B	938.11M	317.23M	106.16M
Balance Sheet
Total Assets	21.53B	22.27B	26.35B	20.38B	12.41B	9.40B
Cash, Cash Equivalents and Short-Term Investments	4.45B	4.52B	5.32B	4.53B	1.42B	1.55B
Total Debt	11.97B	12.32B	17.25B	16.04B	9.90B	7.21B
Total Liabilities	12.81B	13.53B	18.22B	16.72B	10.29B	7.54B
Stockholders Equity	8.72B	8.74B	8.13B	3.66B	2.13B	1.87B
Cash Flow
Free Cash Flow	804.08M	4.67B	-3.05B	-7.20B	-2.82B	54.70M
Operating Cash Flow	808.79M	4.93B	-3.02B	-7.18B	-2.81B	59.12M
Investing Cash Flow	85.94M	-488.04M	183.80M	-126.16M	-19.68M	15.20M
Financing Cash Flow	-359.23M	-4.95B	3.76B	6.81B	2.70B	221.97M

Arman Financial Services Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1553.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1553.2 is above the 20-day moving average (MA) of 1465.93, above the 50-day MA of 1541.37, and below the 200-day MA of 1572.49, indicating a bearish trend. The MACD of -31.85 indicates Negative momentum. The RSI at 47.25 is Neutral, neither overbought nor oversold. The STOCH value of 73.94 is Neutral, 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
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TFCILTD	66 Neutral	₹29.57B	23.71	―	0.92%	5.73%	12.29%
PAISALO	65 Neutral	₹30.33B	12.44	―	0.29%	11.75%	-6.52%
ARMANFIN	61 Neutral	₹15.38B	18.43	―	―	-6.03%	-100.77%
MUTHOOTMF	51 Neutral	₹26.41B	19.28	―	―	-10.17%	-181.71%
SPANDANA	48 Neutral	₹17.51B	-5.67	―	―	-45.13%	-1646.01%
UGROCAP	44 Neutral	₹12.49B	13.46	―	―	33.99%	11.65%