Arfin India share price & results
- Jun 2026
- Sept 2026
Makes aluminium wire rods, deox, alloy ingots and ferro alloys for steel, auto and power industries.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 208 | +91.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 4.5 | −1.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.5 | +246.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 11.27 | +2.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 1.12 | +4.9 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 22.00 | −14.8 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +68.6% 1Y
1Y: ₹52.99 on 24 Oct 2025 → ₹89.32. High ₹108.27 (13 Oct 2026), low ₹52.98 (27 Oct 2025).
- Previous close
- ₹85.87
- Market cap
- ₹1.4k Cr
- 52-week range
- ₹52.98 – ₹108.27
- One year
- +68.59%
- Price to earnings (TTM to Jun 2026)
- 78.62×
- Return on equity (TTM to Jun 2026)
- 11.27%
Overview
- Symbol
- NSE:ARFIN
- Sector
- Metals & Mining
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What Arfin India Limited does
Based on the company's own presentations, annual report and earnings calls.
Arfin India manufactures a range of aluminium and ferro-alloy products — aluminium wire rods, aluminium deox (deoxidizer), alloy ingots, cored wire, master/ferro alloys, ferro titanium, inoculants and aluminium conductors & cables — largely using recycled aluminium, at its manufacturing cluster in Chhatral, Gandhinagar (Gujarat). These products are supplied as critical inputs to steel producers (Tata Steel, JSW, JSPL, AMNS), and to the automobile and power sectors, across both domestic markets (16 Indian states) and export markets including Japan, Saudi Arabia, Vietnam, Indonesia and Canada. In FY2024-25 it formalised a strategic alliance with JFE Shoji India (a JFE Holdings, Japan group company), which took an equity stake and became the exclusive long-term distributor for its Aluminium Wire Rod and Aluminium Deox product lines.
Segments
- Aluminium & Ferro Alloys
- Installed manufacturing capacity
- 71,000 MTPA
- Manufacturing plants
- 4 plants, all located in Chhatral, Gandhinagar (Gujarat)
- Product lines
- 7 aluminium & ferro-alloy product lines
- Domestic market reach
- 16 Indian states served
- Export markets
- 5 countries: Japan, Saudi Arabia, Vietnam, Indonesia, Canada
- Marquee customers
- Tata Steel, JSW, JSPL, AMNS, JFE Shoji, Qatar Steel, Honda Trading, Mitsui & Co.
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2024 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +246% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 149 | 180 | 153 | 109 | 128 | 196 | 192 | 208 |
| Expenses | 139 | 169 | 147 | 102 | 119 | 183 | 177 | 199 |
| Operating profit | 10 | 11 | 7 | 7 | 9 | 14 | 14 | 9 |
| Operating margin | 6.5% | 6.1% | 4.3% | 6.0% | 6.9% | 6.9% | 7.5% | 4.5% |
| Other income | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Interest | 5 | 6 | 5 | 5 | 5 | 5 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 5 | 2 | 1 | 3 | 7 | 9 | 4 |
| Tax rate | 27.3% | 32.7% | 76.3% | 26.3% | 34.5% | 34.9% | 38.8% | 9.7% |
| Net profit | 3 | 3 | 1 | 1 | 2 | 5 | 6 | 4 |
| EPS (₹ per share) | 0.15 | 0.18 | 0.03 | 0.06 | 0.12 | 0.29 | 0.34 | 0.21 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 535 | 616 | 625 |
| Expenses | 505 | 579 | 582 |
| Operating profit | 30 | 36 | 43 |
| Other income | 2 | 2 | 1 |
| Interest | 19 | 20 | 19 |
| Depreciation | 4 | 4 | 5 |
| Profit before tax | 10 | 14 | 21 |
| Net profit | 8 | 9 | 14 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 16 | 16 | 16 | 17 | 17 | 17 |
| Reserves | 62 | 72 | 80 | 140 | 143 | 152 |
| Borrowings | 112 | 112 | 120 | 117 | 149 | 129 |
| Other liabilities | 58 | 67 | 69 | 71 | 58 | 71 |
| Total liabilities | 247 | 267 | 285 | 344 | 367 | 369 |
| Fixed assets | 62 | 65 | 66 | 64 | 70 | 74 |
| Capital work in progress | 0 | 1 | 0 | 4 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 8 |
| Other assets | 185 | 201 | 220 | 277 | 296 | 287 |
| Total assets | 247 | 267 | 285 | 344 | 367 | 369 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from operations | 5 | -21 | 30 |
| Cash from investing | -4 | -9 | -22 |
| Cash from financing | -8 | 30 | -8 |
| Net cash flow | -7 | 0 | 0 |
| Free cash flow | 1 | -27 | 19 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 51 | 51 | 38 | 36 | 31 | 19 |
| Inventory days | 168 | 84 | 89 | 124 | 130 | 151 |
| Days payable | 72 | 44 | 49 | 55 | 45 | 42 |
| Cash conversion cycle | 147 | 91 | 78 | 105 | 116 | 129 |
| Working capital days | 52 | 38 | 33 | 39 | 66 | 60 |
| Return on capital employed | 8.0% | 12.0% | 13.0% | 14.0% | 14.0% | 14.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 14.0% |
Ownership
Who owns it
Promoters hold 69.77% as of Sept 2026; institutions cut 0.18 pts since Jun 2026.
- Promoters 69.77%
- Foreign institutions 0.61%
- Government 0.04%
- Public 29.58%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 2.15% held
- newly disclosed 1.59% held
- newly disclosed 1.22% held
- newly disclosed 1.14% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Arfin India Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 15.19% | unchanged | |
| 14.91% | unchanged | |
| 12.80% | unchanged | |
| 12.64% | unchanged | |
| 5.81% | unchanged | |
| 4.76% | unchanged | |
| 3.85% | unchanged | |
| 2.15% | newly disclosed | |
| 2.13% | unchanged | |
| 1.93% | unchanged | |
| 1.59% | newly disclosed | |
| 1.22% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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