Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Arfin India
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 151.89 | 148.70 | 134.22 | 115.44 | 136.80 | 132.90 | 149.11 | 180.37 | 153.37 | 108.86 | 128.04 | 196.41 | 191.70 |
| Expenses + | 145.07 | 141.12 | 127.11 | 108.19 | 128.52 | 123.81 | 139.43 | 169.43 | 146.78 | 102.26 | 119.22 | 182.86 | 177.24 |
| Operating Profit | 6.82 | 7.58 | 7.11 | 7.25 | 8.28 | 9.09 | 9.68 | 10.94 | 6.59 | 6.60 | 8.82 | 13.55 | 14.46 |
| OPM % | 4.49% | 5.10% | 5.30% | 6.28% | 6.05% | 6.84% | 6.49% | 6.07% | 4.30% | 6.06% | 6.89% | 6.90% | 7.54% |
| Other Income + | 1.45 | 0.61 | 0.71 | 0.47 | 0.20 | 0.25 | 0.24 | 0.14 | 1.33 | 0.46 | 0.49 | 0.14 | 0.13 |
| Interest | 4.34 | 4.34 | 4.22 | 4.66 | 5.36 | 4.28 | 5.36 | 5.56 | 4.62 | 4.54 | 5.09 | 5.15 | 3.92 |
| Depreciation | 0.88 | 0.93 | 0.96 | 0.93 | 1.09 | 1.00 | 1.01 | 1.02 | 1.02 | 1.08 | 1.09 | 1.14 | 1.34 |
| Profit before tax | 3.05 | 2.92 | 2.64 | 2.13 | 2.03 | 4.06 | 3.55 | 4.50 | 2.28 | 1.44 | 3.13 | 7.40 | 9.33 |
| Tax % | 15.08% | 20.89% | 34.09% | 7.04% | -7.39% | 25.86% | 27.32% | 32.67% | 76.32% | 25.69% | 34.50% | 34.86% | 38.80% |
| Net Profit + | 2.59 | 2.32 | 1.74 | 1.99 | 2.18 | 3.01 | 2.58 | 3.03 | 0.54 | 1.08 | 2.05 | 4.82 | 5.71 |
| EPS in Rs | 0.16 | 0.15 | 0.11 | 0.13 | 0.14 | 0.18 | 0.15 | 0.18 | 0.03 | 0.06 | 0.12 | 0.29 | 0.34 |
Financials of Arfin India
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 250 | 286 | 363 | 466 | 413 | 359 | 303 | 526 | 544 | 535 | 616 | 625 |
| Expenses + | 238 | 271 | 336 | 421 | 390 | 364 | 287 | 502 | 518 | 505 | 579 | 582 |
| Operating Profit | 12 | 15 | 27 | 45 | 23 | -6 | 16 | 24 | 26 | 30 | 36 | 43 |
| OPM % | 5% | 5% | 8% | 10% | 6% | -2% | 5% | 5% | 5% | 6% | 6% | 7% |
| Other Income + | 1 | 1 | 0 | 1 | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Interest | 5 | 5 | 6 | 10 | 12 | 14 | 11 | 12 | 14 | 19 | 20 | 19 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 5 |
| Profit before tax | 7 | 10 | 20 | 34 | 10 | -21 | 5 | 10 | 11 | 10 | 14 | 21 |
| Tax % | 34% | 34% | 36% | 36% | 34% | 5% | 12% | 6% | 6% | 15% | 36% | 36% |
| Net Profit + | 5 | 7 | 13 | 22 | 7 | -22 | 4 | 9 | 10 | 8 | 9 | 14 |
| EPS in Rs | 0.43 | 0.61 | 0.89 | 1.37 | 0.41 | -1.36 | 0.25 | 0.58 | 0.65 | 0.52 | 0.54 | 0.81 |
| Dividend Payout % | 6% | 7% | 6% | 12% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 14% |
Financials of Arfin India
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 4 | 13 | 16 | 16 | 16 | 16 | 16 | 16 | 17 | 17 |
| Reserves | 15 | 21 | 51 | 69 | 70 | 49 | 52 | 62 | 72 | 80 | 140 | 152 |
| Borrowings + | 34 | 44 | 62 | 95 | 114 | 109 | 109 | 112 | 112 | 120 | 117 | 129 |
| Other Liabilities + | 38 | 51 | 44 | 35 | 24 | 25 | 53 | 58 | 67 | 69 | 71 | 71 |
| Total Liabilities | 90 | 119 | 160 | 213 | 224 | 199 | 230 | 247 | 267 | 285 | 344 | 369 |
| Fixed Assets + | 12 | 14 | 21 | 30 | 38 | 46 | 61 | 62 | 65 | 66 | 64 | 74 |
| CWIP | 2 | 4 | 0 | 10 | 17 | 13 | 0 | 0 | 1 | 0 | 4 | 0 |
| Investments | 0 | 0 | 4 | 4 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 8 |
| Other Assets + | 76 | 101 | 135 | 168 | 164 | 135 | 168 | 185 | 201 | 220 | 277 | 287 |
| Total Assets | 90 | 119 | 160 | 213 | 224 | 199 | 230 | 247 | 267 | 285 | 344 | 369 |
Financials of Arfin India
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 6 | -2 | -22 | -10 | 13 | 23 | 11 | 11 | 29 | 5 | -21 | 30 |
| Cash from Investing Activity + | -5 | -4 | -7 | -20 | -17 | -6 | 0 | -3 | -8 | -4 | -9 | -22 |
| Cash from Financing Activity + | 1 | 6 | 29 | 30 | 4 | -18 | -12 | -8 | -14 | -8 | 30 | -8 |
| Net Cash Flow | 2 | 0 | 0 | -0 | -0 | 0 | -0 | 0 | 7 | -7 | 0 | -0 |
| Free Cash Flow | 1 | -7 | -26 | -30 | -4 | 18 | 6 | 8 | 21 | 1 | -27 | 19 |
| CFO/OP | 55% | -10% | -64% | -6% | 104% | -427% | 67% | 46% | 107% | 24% | -53% | 76% |
Financials of Arfin India
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 42 | 59 | 59 | 44 | 32 | 51 | 51 | 38 | 36 | 31 | 19 |
| Inventory Days | 75 | 95 | 92 | 79 | 114 | 121 | 168 | 84 | 89 | 124 | 130 | 149 |
| Days Payable | 60 | 71 | 46 | 21 | 21 | 23 | 72 | 44 | 49 | 55 | 45 | 41 |
| Cash Conversion Cycle | 48 | 66 | 105 | 117 | 138 | 129 | 147 | 91 | 78 | 105 | 116 | 127 |
| Working Capital Days | 4 | 17 | 32 | 37 | 30 | 14 | 52 | 38 | 33 | 39 | 66 | 60 |
| ROCE % | 24% | 25% | 29% | 30% | 12% | -4% | 8% | 12% | 13% | 14% | 14% | 14% |
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