ARMAN
Arman Holdings financials
- Market cap
- ₹56 Cr
Quarterly results
Q1 FY27: revenue up 4209.1%, net profit up 7100.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 4 | 0 | 0 | 1 | 2 −51% | 14 +4209% |
| EBITDA | -0 | -0 | 0 | -0 | 0 +133% | 0 +1150% | 1 +546% | 1 +9500% |
| Net profit | -0 | -0 | 0 | -0 | 0 +133% | 0 +900% | 1 +392% | 1 +7100% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +31.6% 1Y
1Y: ₹89.1 on 9 Sept 2025 → ₹117.3. High ₹120 (31 Aug 2026), low ₹82.1 (24 Sept 2025).
Financials, as filed
Revenue fell 9.8% a year over 2 years, FY24 to FY26. Operating margin widened to 35.3%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Operating profit | ₹0 Cr | ₹-0 Cr | ₹1 Cr |
| Operating margin | 0.5% | -0.3% | 35.3% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹0 Cr | ₹-0 Cr | ₹1 Cr |
| Net margin | 0.5% | -0.3% | 26.9% |
| Cash from operations | ₹0 Cr | ₹-0 Cr | ₹1 Cr |
| Free cash flow | ₹0 Cr | ₹-0 Cr | ₹1 Cr |
| ROCE | 0.5% | -0.2% | 18.6% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Reserves | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Total liabilities | ₹7 Cr | ₹7 Cr | ₹6 Cr | ₹7 Cr | ₹6 Cr | ₹8 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Other assets | ₹4 Cr | ₹4 Cr | ₹5 Cr | ₹5 Cr | ₹4 Cr | ₹5 Cr |
| Total assets | ₹7 Cr | ₹7 Cr | ₹6 Cr | ₹7 Cr | ₹6 Cr | ₹8 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −3.10 pp while the public added +3.09 pp. The shareholder count grew 18% to 1,059.
- Promoters
- 21.8%
- Public
- 78.2%
Since Jun 2025
- Promoters −3.10 pp
- Public +3.09 pp
How it drifted, 12 quarters
Over this window promoters fell from 24.9% to 21.8% — −3.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 24.9%, Public 75.1%.Dec '23: Promoters 24.9%, Public 75.1%.Mar '24: Promoters 24.9%, Public 75.1%.Jun '24: Promoters 24.9%, Public 75.1%.Sep '24: Promoters 24.9%, Public 75.1%.Dec '24: Promoters 24.9%, Public 75.1%.Mar '25: Promoters 24.9%, Public 75.1%.Jun '25: Promoters 24.9%, Public 75.1%.Sep '25: Promoters 24.9%, Public 75.1%.Dec '25: Promoters 24.9%, Public 75.1%.Mar '26: Promoters 24.9%, Public 75.1%.Jun '26: Promoters 21.8%, Public 78.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Darrshan Ashoke Mariwala newly disclosed 1.27% held
- Kannathal Venkatachalam newly disclosed 1.23% held
- Manoj Khimchand Raipancholia newly disclosed 1.20% held
- Kailash Ramavatar Goenka newly disclosed 1.15% held
- Himanshu Rajendra Shah newly disclosed 1.07% held
- Ashish Harikrishna Agarwal newly disclosed 1.06% held
- Jayesh Dhanesh Goragandhi +0.47 pp 3.08% held
The same filing shows 7 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Arman Holdings Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Manasvini Trading Private Limited | 16.24% | −2.95 pp |
| Salasar Advertising Private Limited | 8.83% | unchanged |
| Kane Rush Securities Private Limited | 8.44% | unchanged |
| Sanjay Otawat | 4.75% | unchanged |
| Sangeeta S Jain | 4.70% | −0.14 pp |
| Jayesh Dhanesh Goragandhi | 3.08% | +0.47 pp |
| Littlestar Vanijya Private Limited | 2.76% | unchanged |
| Varigate Advisory Services Private Limit | 2.16% | −1.73 pp |
| Vivek Kumar Upadhyay | 2.02% | −0.08 pp |
| Vijayalaxmi Jethmal Jain | 1.99% | unchanged |
| Opportune Exim Private Limited | 1.85% | −6.79 pp |
| Ranjan Kumar | 1.74% | −0.26 pp |
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.
Learn to analyse Arman Holdings Limited
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