Arthneeti

Arfin India Share Price & Earnings Call Analysis

₹95.77+4.95% today
Market cap
₹1,616 Cr
P/E
100.29
ROE
8.34%
PEG
10.26
Price to sales
2.24
Debt to equity
0.77
52W high / low
₹108 / ₹54.3
Sales growth (5Y)
15.54%
EBITDA margin
6.37%
Net profit margin
2.17%
Promoter holding
69.77%
Sales (last year)
₹724 Cr

Incorporated in 1992, Arfin India Ltd manufactures and trades non-ferrous metals[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Non - Ferrous Metals
on management's own guidance

  1. Hindustan ZincGood growth
    2
  2. Dec.Gold MinesGood growth
    1
  3. Hindalco Inds.Good growth
    3
See all potential multibaggersWhere does Arfin India rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Non - Ferrous Metals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Dec.Gold Mines20–40%Up 0–2%₹3,217 Cr—
2Hindustan Zinc20–40%Flat₹2.14L Cr10.4
3Hindalco Inds.20–40%Flat₹1.99L Cr9.6
420–40%Flat₹1.39L Cr9.3
520–40%Flat₹57,846 Cr8.6
620–40%Flat₹487 Cr17.6

Sign up free to see every company in the sector ranking and track Arfin India.

Pro shows every company guiding 40%+ revenue growth →Full Non - Ferrous Metals ranking

Financials of Arfin India

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Arfin India

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +74.09%74.09%69.79%69.79%69.79%69.79%69.79%69.79%69.77%69.77%69.77%69.77%
FIIs +2.56%2.56%2.41%2.41%2.41%2.41%2.41%2.64%2.68%1.54%0.79%0.61%
Government +0.08%0.08%0.07%0.07%0.19%0.19%0.04%0.04%0.04%0.04%0.04%0.04%
Public +23.27%23.26%27.73%27.73%27.60%27.61%27.75%27.53%27.53%28.64%29.39%29.58%
No. of Shareholders5,6336,2817,1127,9978,3929,3539,0819,86811,01411,97613,54813,608

Financials of Arfin India

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +134.22115.44136.80132.90149.11180.37153.37108.75128.04196.41191.70207.96285.59
YoY Sales growth+6.61%-4.02%-9.93%-10.63%+11.09%+56.25%+12.11%-18.17%-14.13%+8.89%+24.99%+91.23%+123.05%
Expenses +127.11108.19128.52123.81139.43169.43146.78102.22119.22182.86177.24198.65272.83
Operating Profit7.117.258.289.099.6810.946.596.538.8213.5514.469.3112.76
OPM %5.30%6.28%6.05%6.84%6.49%6.07%4.30%6.00%6.89%6.90%7.54%4.48%4.47%
Other Income +0.710.470.200.250.240.141.330.460.490.140.130.280.16
Interest4.224.665.364.285.365.564.624.545.095.153.924.485.01
Depreciation0.960.931.091.001.011.021.021.081.091.141.341.201.22
Profit before tax2.642.132.034.063.554.502.281.373.137.409.333.916.69
Tax %34.09%7.04%-7.39%25.86%27.32%32.67%76.32%26.28%34.50%34.86%38.80%9.72%15.99%
Net Profit +1.741.992.183.012.583.030.541.022.054.825.713.535.62
EPS in Rs0.110.130.140.180.150.180.030.060.120.290.340.210.33

Financials of Arfin India

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +250286363466413359303526544535616625882
Sales growth+17%+14%+27%+28%-11%-13%-15%+73%+3%-2%+15%+1%+55%
Expenses +238271336421390364287502518505579582832
Operating Profit1215274523-616242630364350
OPM %4.7%5%8%10%6%-1.6%5%4.6%4.9%6%6%7%6%
Other Income +1101022222211
Interest55610121411121419201919
Depreciation1112233344455
Profit before tax710203410-215101110142127
Tax %34%34%36%36%34%5%12%6%6%15%36%36%
Net Profit +5713227-224910891420
EPS in Rs0.430.610.891.370.41-1.360.250.580.650.520.540.811.17
Dividend Payout %6%7%6%12%0%0%0%0%0%0%0%14%

Financials of Arfin India

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital33413161616161616171717
Reserves15215169704952627280140152159
Borrowings +34446295114109109112112120117129111
Other Liabilities +385144352425535867697171133
Total Liabilities90119160213224199230247267285344369420
Fixed Assets +12142130384661626566647474
CWIP2401017130010401
Investments0044550000088
Other Assets +76101135168164135168185201220277287338
Total Assets90119160213224199230247267285344369420

Financials of Arfin India

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +6-2-22-1013231111295-2130
Cash from Investing Activity +-5-4-7-20-17-60-3-8-4-9-22
Cash from Financing Activity +1629304-18-12-8-14-830-8
Net Cash Flow200-0-00-007-70-0
Free Cash Flow1-7-26-30-41868211-2719
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit55%-10%-64%-6%104%-427%67%46%107%24%-53%76%

Financials of Arfin India

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days344259594432515138363119
Inventory Days759592791141211688489124130151
Days Payable607146212123724449554542
Cash Conversion Cycle48661051171381291479178105116129
Working Capital Days41732373014523833396660
ROCE %24%25%29%30%12%-4%8%12%13%14%14%14%
70out of 100

Momentum score · price trend

70 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+65.9%89%
Last 6 months−3.9%48%
Last 3 months+6.7%78%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Arfin India: 0.4 × 89 + 0.4 × 48 + 0.2 × 78 = 70.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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Compare:vs Hindustan Zincvs Hindalco Industriesvs Vedanta Aluminium Metal