Arthneeti

Arman Financial Services Q1 FY27 Share Price & Earnings Call Analysis

₹1,441.20+4.37% today
Market cap
₹1,520 Cr
P/E
13.06
ROE
6.26%
PEG
-0.86
Price to sales
2.18
Debt to equity
1.90
52W high / low
₹2,069 / ₹1,339
Sales growth (5Y)
27.06%
EBITDA margin
52.37%
Net profit margin
8.76%
Promoter holding
21.92%
Sales (last year)
₹697 Cr

Arman Financial Service Ltd is an RBI-registered category ‘A’ Non-Banking Finance Company. They provide loans to the unorganized sector residing in rural and semi-rural locales across six states with around 400 branches that cater to about 7.6 lakh customers. Headquartered in Ahmedabad, Gujarat. Arman and its subsidiary provide three financial services, Two-Wheeler Finance, Group-Based Microfinance, and Micro-Enterprise (MSME) Loans. [1]

Guidance scorecard · Q1 FY27 call

What Arman Financial Services Ltd's management guided
and where it ranks in Finance

Revenue20–40%MarginsFlatCapexNone plannedFundraisingWhat management saidOrder bookRising

RevenueQ1 FY27 call

20–40%
  • The company aims for careful, calibrated growth supported by portfolio quality.
  • Microfinance disbursements have shown strong performance, with Q4 reaching INR738 crores; infrastructure is sufficient to support INR700-750 crores quarterly disbursements.
  • Current growth is moderately paced due to a focus on collections over volume, expected to shift back to growth mode in coming quarters.
  • Guidance indicates around 25-30% AUM growth for FY27.
  • Growth will be recalibrated based on collections, early delinquencies, borrower cash flows, and macroeconomic conditions.
  • Operating efficiency improvements and portfolio protections via schemes like CGFMU support sustainable growth.
  • The company is cautious, emphasizing quality over quantity, avoiding aggressive lending risks experienced in past cycles.

2 more points from Arman Financial Services Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Arman Financial Services Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

None planned
  • The discussions focus predominantly on operational performance, asset quality, product segmentation, lending practices, credit costs, and financial metrics.
  • Capital adequacy is strong (33.6% for Arman standalone, 38.8% for Namra Finance), with a consolidated shareholders' equity of INR979 crores as of June 2026.
  • The firm maintains healthy liquidity (INR286 crores in cash/liquid investments plus INR335 crores undrawn credit limits) to support funding and growth.
  • There is ongoing investment in operational infrastructure, such as BCM structure, collection team, and CGFMU subscription, aimed at portfolio protection and operating efficiency.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Arman Financial Services Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising

Ask what Arman Financial Services Ltd said on the order book →

Full Q1 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Arman Financial Services Ltd rank?

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

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,742 Cr71.8
240%+Up 2%+₹464 Cr23.9
340%+Up 0–2%₹961 Cr32.7
440%+Flat₹23,820 Cr21.1
540%+Flat₹16,498 Cr72.4
640%+Flat₹15,549 Cr—

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Financials of Arman Financial Services Ltd

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

Financials of Arman Financial Services Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue +149150160169183184181165199151159160176
Interest63646771636565575252505153
Expenses +37353442557893114134110918080
Financing Profit49505956654123-613-11182942
Financing Margin %33%34%37%33%36%22%13%-4%7%-7%12%18%24%
Other Income +0000000000000
Depreciation0000000000000
Profit before tax49505855654122-713-11182942
Tax %26%20%30%24%21%24%32%5%-1%31%55%22%3%
Net Profit +36404142513115-713-1582241
EPS in Rs42.6347.0246.8642.9148.5129.8714.56-6.9212.16-13.907.6021.1039.01
Gross NPA %2.80%2.50%2.48%2.83%2.88%2.68%3.74%4.13%3.37%3.45%3.70%3.46%
Net NPA %0.20%0.10%0.23%0.33%0.31%0.22%0.64%0.67%0.55%0.51%0.50%0.79%

Financials of Arman Financial Services Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue +30415478139214195235424661730646
Interest1116243459887989172266240205
Expenses +9122034447210399126166419361
Financing Profit9121010375313461262297179
Financing Margin %32%30%19%13%26%25%6%20%30%35%10%12%
Other Income +0000010-00000
Depreciation000001111122
Profit before tax9121010365412461252286977
Tax %33%34%36%26%27%23%10%30%25%24%25%27%
Net Profit +686726421132941745257
EPS in Rs10.7713.9911.0512.7645.9849.1312.5137.35110.46165.6749.6453.85
Dividend Payout %13%12%11%9%4%0%0%0%0%0%0%0%

Financials of Arman Financial Services Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital777778888101011
Reserves32394450116164178204355802864923
Borrowing931431573956126987219901,6071,7251,2321,776
Other Liabilities +6771218263239689712189
Total Liabilities1371952154657538969401,2412,0382,6352,2272,798
Fixed Assets +22334445683132
CWIP000000000003
Investments012333361973992
Other Assets +1361922104597468889331,2312,0132,6202,1572,671
Total Assets1371952154657538969401,2412,0382,6352,2272,798

Financials of Arman Financial Services Ltd

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 +7-121-203-221-766-281-718-302493
Cash from Investing Activity +-1-7-2-12-122-2-1318-49
Cash from Financing Activity +-51-92052529422270681376-495
Net Cash Flow1-710-9302030-12-4992-51
Free Cash Flow6-221-203-222-775-282-720-305467
CFO/OP49%12%74%-447%-223%-41%13%-194%-232%-49%168%

Financials of Arman Financial Services Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %17%19%13%14%29%28%6%16%33%30%6%6%

Guidance history

How Arman Financial Services Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatNone planned—Rising
Q4 FY26 call →20–40%FlatPlanned——
Q3 FY26 call →20–40%FlatPlannedPlanned—
Q2 FY26 call →0–10%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

20out of 100

Momentum score · price trend

20 out of 100 — Cooling

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

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−12.6%46%
Last 6 months−3.5%47%
Last 3 months−24.0%9%

The price is 44.7% below its all-time high of ₹2,606.95 (22 Dec 2023). Stocks more than 20% below their peak have their score halved, so 39 became 20.

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 Arman Financial Services Ltd: 0.4 × 46 + 0.4 × 47 + 0.2 × 9 = 39, halved to 20 because the price is more than 20% below its all-time high.

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 29 Oct 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

What Arman Financial Services Ltd's management said in earlier quarters

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