About
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 loans; and micro finance loans as well as individual business loans and loan against property. The company was formerly known as Arman Lease and Finance Limited and changed its name to Arman Financial Services Limited in November 2008. Arman Financial Services Limited was incorporated in 1992 and is headquartered in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap2,176 Cr
P/E18.70
Div Yield0.00 %
Book Value₹888.00
52w High₹2,159.00
52w Low₹1,301.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Expenses | 80.00 | 80.00 | 80.00 | 91.00 | 110.00 | 134.00 | 114.00 | 93.00 | 78.00 | 55.00 | 42.00 | 34.00 | 35.00 |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 64.00 | 53.00 | 51.00 | 50.00 | 52.00 | 52.00 | 57.00 | 65.00 | 65.00 | 63.00 | 71.00 | 67.00 | 64.00 |
| Profit before tax | 57.00 | 42.00 | 29.00 | 18.00 | -11.00 | 13.00 | -7.00 | 22.00 | 41.00 | 65.00 | 55.00 | 58.00 | 50.00 |
| Tax % | 21.00 | 3.00 | 22.00 | 55.00 | 31.00 | -1.00 | 5.00 | 32.00 | 24.00 | 21.00 | 24.00 | 30.00 | 20.00 |
| Net Profit | 45.00 | 41.00 | 22.00 | 8.00 | -15.00 | 13.00 | -7.00 | 15.00 | 31.00 | 51.00 | 42.00 | 41.00 | 40.00 |
| EPS in Rs | 42.96 | 39.01 | 21.10 | 7.60 | -13.90 | 12.16 | -6.92 | 14.56 | 29.87 | 48.51 | 42.91 | 46.86 | 47.02 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Expenses | 361.00 | 419.00 | 166.00 | 126.00 | 99.00 | 103.00 | 72.00 | 44.00 | 34.00 | 20.00 | 12.00 | 9.00 |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 205.00 | 240.00 | 266.00 | 172.00 | 89.00 | 79.00 | 88.00 | 59.00 | 34.00 | 24.00 | 16.00 | 11.00 |
| Depreciation | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 77.00 | 69.00 | 228.00 | 125.00 | 46.00 | 12.00 | 54.00 | 36.00 | 10.00 | 10.00 | 12.00 | 9.00 |
| Tax % | 27.00 | 25.00 | 24.00 | 25.00 | 30.00 | 10.00 | 23.00 | 27.00 | 26.00 | 36.00 | 34.00 | 33.00 |
| Net Profit | 57.00 | 52.00 | 174.00 | 94.00 | 32.00 | 11.00 | 42.00 | 26.00 | 7.00 | 6.00 | 8.00 | 6.00 |
| EPS in Rs | 53.85 | 49.64 | 165.67 | 110.46 | 37.35 | 12.51 | 49.13 | 45.98 | 12.76 | 11.05 | 13.99 | 10.77 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.00 | 9.00 | 11.00 | 12.00 | 13.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.00 | 10.00 | 10.00 | 8.00 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Reserves | 923.00 | 864.00 | 802.00 | 355.00 | 204.00 | 178.00 | 164.00 | 116.00 | 50.00 | 44.00 | 39.00 | 32.00 |
| Other Liabilities | 89.00 | 121.00 | 97.00 | 68.00 | 39.00 | 32.00 | 26.00 | 18.00 | 12.00 | 7.00 | 7.00 | 6.00 |
| Total Liabilities | 2,798.00 | 2,227.00 | 2,635.00 | 2,038.00 | 1,241.00 | 940.00 | 896.00 | 753.00 | 465.00 | 215.00 | 195.00 | 137.00 |
| Fixed Assets | 32.00 | 31.00 | 8.00 | 6.00 | 5.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 2.00 | 2.00 |
| CWIP | 3.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 92.00 | 39.00 | 7.00 | 19.00 | 6.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 1.00 | 0.00 |
| Other Assets | 2,671.00 | 2,157.00 | 2,620.00 | 2,013.00 | 1,231.00 | 933.00 | 888.00 | 746.00 | 459.00 | 210.00 | 192.00 | 136.00 |
| Total Assets | 2,798.00 | 2,227.00 | 2,635.00 | 2,038.00 | 1,241.00 | 940.00 | 896.00 | 753.00 | 465.00 | 215.00 | 195.00 | 137.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -476.00 | 493.00 | -302.00 | -718.00 | -281.00 | 6.00 | -76.00 | -221.00 | -203.00 | 21.00 | -1.00 | 7.00 |
| Cash from Investing Activity | -50.00 | -49.00 | 18.00 | -13.00 | -2.00 | 2.00 | 2.00 | -1.00 | -12.00 | -2.00 | -7.00 | -1.00 |
| Cash from Financing Activity | 546.00 | -495.00 | 376.00 | 681.00 | 270.00 | 22.00 | 94.00 | 252.00 | 205.00 | -9.00 | 1.00 | -5.00 |
| Net Cash Flow | 20.00 | -51.00 | 92.00 | -49.00 | -12.00 | 30.00 | 20.00 | 30.00 | -9.00 | 10.00 | -7.00 | 1.00 |
| Free Cash Flow | -480.00 | 467.00 | -305.00 | -720.00 | -282.00 | 5.00 | -77.00 | -222.00 | -203.00 | 21.00 | -2.00 | 6.00 |
| CFO/OP % | -159.00 | 168.00 | -49.00 | -232.00 | -194.00 | 13.00 | -41.00 | -223.00 | -447.00 | 74.00 | 12.00 | 49.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|
Corporate Actions
16 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 20 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 13 Sep 2019 | — | — | 1.40 | |
| Dividend | 30 Aug 2018 | — | — | 1.00 | |
| Dividend | 20 Sep 2017 | — | — | 1.00 | |
| Dividend | 12 Sep 2016 | — | — | 1.40 | |
| Other | 12 Sep 2016 | — | — | — | Aannual General Meeting/Dividend - 1.40 Per Share |
| Dividend | 18 Sep 2015 | — | — | 1.20 | |
| Dividend | 15 Sep 2014 | — | — | 1.00 | |
| Dividend | 21 Aug 2013 | — | — | 0.80 | |
| Dividend | 20 Sep 2012 | — | — | 0.80 | |
| Dividend | 19 Sep 2011 | — | — | 0.80 | |
| Dividend | 30 Aug 2010 | — | — | 0.60 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update15 Apr from smera
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Rating update18 Mar from smera
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Rating update5 Feb from smera
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Rating update21 Jan from smera
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Rating update31 Dec 2025 from care
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Rating update26 Dec 2025 from smera
Conference Calls
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