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Arman Financial Services share price & results

Arman Financial Services Limited· Financial Services

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

NBFC-MFI lending to rural/semi-urban India via JLG microfinance, MSME, two-wheeler and LAP loans through subsidiary Namra Finance.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue202 ₹ crore+33.8% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating marginUnavailable—Operating profit / revenueQuarter to Jun 2026Not in the filed figures for the quarter to jun 2026. No older figure is substituted.
Net profit45.0 ₹ crore—Quarterly, as filedQuarter to Jun 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity12.83 %+0.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable—Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)0.14 %−21.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

5 of 9 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Arman Financial Services Limited management guidance track record on Inve: 17 targets tracked across analysed earnings calls (5 achieved, 4 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
MFI Zero DPD Flow Forward RateReturn to 99%
Call transcript, Q3 FY25 · 14 Feb 2025		Q3 FY25Q1 FY27:Early-stage delinquencies remained stable at approximately 99.5% zero DPD flow forwards, continuing to exceed the target.
Call transcript, Q1 FY27 · 13 Aug 2026		Achieved
MFI Attrition RateDown to about 40% in H1 FY26
Call transcript, Q4 FY25 · 30 May 2025		Q4 FY25Q1 FY27:No update provided for the third consecutive quarter where data was expected; the topic remains unaddressed.
Call transcript, Q1 FY27 · 13 Aug 2026		Ghosted
MSME CGTMSE SubscriptionHope to start subscribing to it as we move in Quarter 3.
Call transcript, Q2 FY26 · 14 Nov 2025		Q2 FY26Q1 FY27:Management mentioned including the cost of CGFMU in credit cost calculations, implying the subscription has started. The promise was achieved, but with a significant communication lag.
Call transcript, Q1 FY27 · 13 Aug 2026		Delayed

Source: Inve Guidance Tracker for Arman Financial Services Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Arman Financial Services Limited's 17 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

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Price

₹1,387 +0.78% · +₹10.7

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −16.7% 1Y

₹1.4k₹1.6k₹1.8k₹2.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 16 Feb 2026Q4 FY26 — 29 May 2026Q1 FY27 — 13 Aug 2026

1Y: ₹1,664.8 on 24 Oct 2025 → ₹1,387. High ₹2,069.3 (4 Sept 2026), low ₹1,339.2 (9 Mar 2026).

Previous close
₹1,376.3
Market cap
₹1.5k Cr
52-week range
₹1,339.2 – ₹2,069.3
One year
−18.24%
Price to earnings (TTM to Jun 2026)
12.51×
Return on equity (TTM to Jun 2026)
12.83%

Overview

Symbol
NSE:ARMANFIN
Exchange
NSE
Currency
INR

What Arman Financial Services Limited does

Based on the company's own presentations, annual report and earnings calls.

Arman Financial Services is a diversified non-banking finance company headquartered in Ahmedabad that lends to underserved rural and semi-urban retail borrowers across five products: Joint Liability Group (JLG) and individual microfinance loans (through wholly owned subsidiary Namra Finance), MSME/working-capital loans, two-wheeler loans and loan-against-property, plus a newly piloted solar-loan product. Each product line runs its own field-based credit appraisal and collections model, sourced entirely through the company's own branch network rather than through partner-agent channels. It earns interest income on loans disbursed via a mix of cash and digital/UPI-enabled cashless channels, with underwriting supported by an in-house loan origination and management system, credit-bureau integration and geo-tagged customer verification.

Segments

  • Microfinance (JLG)
  • Individual Business Loans (Microfinance)
  • MSME Loans
  • Two-Wheeler Loans
  • Loan Against Property (LAP)
  • Solar Loans
Branches
529
States of operation
11
Districts covered
162
Active/live customers
~6.3 lakh
Employees
4,900+
Loan officers
4,100+
Founded 1992Headquarters Ahmedabad, Gujarat, India

How the price took the results

close before → close after

Q1 FY27
+0.1%
13 Aug
Q4 FY26
−6.5%
29 May
Q3 FY26
+2.2%
16 Feb
Q2 FY26
+6.4%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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