Arfin India Ltd (ARFIN) — share price & stock analysis
From losses in FY20 to record profits — the comeback is real, the price knows it.
Arfin India Ltd (ARFIN) trades at ₹88.9 as of 1 July 2026, up 250% over the past year — beating NIFTY 500 for 49 weeks. The machine reads this as turnaround, fairly priced: from losses in FY20 to record profits — the comeback is real, the price knows it. It trades at a P/E of 97.3× (the 42nd percentile of its own range); the price is in Stage 2 — advancing, 44 weeks in; the business cycle reads DEEP CYCLICAL / EARLY RECOVERY. Fundamentals-momentum score: 81/100 (mostly improving).
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹1,503 Cr
- P/E
- 97.3×
- ROE
- 9.4%
- vs own 10-yr valuation
- 42nd pctile
- Book value / share
- ₹10.1
- EPS (TTM)
- ₹0.92
- 10-yr median P/E
- 102×
- Revenue (FY26)
- ₹618 Cr
- Profit after tax (FY26)
- ₹15 Cr
- Weinstein stage
- Stage 2 (44 weeks)
- Data as of
- 1 July 2026
Profits swing violently in this business — real losses in FY20. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.net_profit
Where the clock stands now: earnings sit at 84% of their historical range, margins are near the top of their band, and the market pays mid-range (42nd percentile). That reads as EARLY RECOVERY — the sweet spot of the pendulum — the improvement is visible but not yet fully priced.net_profit
3 of the 5 things we track are currently moving the right way — nearly everything is pulling in the same direction.
Where the levels actually stand: ROCE 15% — decent; debt moderate (0.76× equity); margins near the top of their band. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.
Most of this rally is re-rating, not earnings
Since Mar 2016, the stock is up 2,863% while earnings per share grew 51%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps
That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.
Today’s P/E of 97.3× is the middle of its own range against its own 10-year history (42nd percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio
Data: Price, EPS and valuation (sampled — full series in the embedded dataset)
| Period | Price (₹) | EPS (TTM) (₹) | P/E (×) |
|---|---|---|---|
| Mar 16 | 2.9 | – | – |
| Jun 16 | 3.7 | – | – |
| Aug 16 | 8.2 | – | – |
| Oct 16 | 10.6 | – | – |
| Dec 16 | 13.5 | 1.1 | – |
| Mar 17 | 13.7 | – | – |
| May 17 | 13.9 | – | – |
| Jul 17 | 13.6 | – | – |
| Oct 17 | 27.8 | – | – |
| Dec 17 | 30.6 | – | – |
| Feb 18 | 42.8 | – | – |
| May 18 | 35.5 | – | – |
| Jul 18 | 27.8 | – | – |
| Sep 18 | 18.7 | – | – |
| Nov 18 | 21.8 | – | – |
| Feb 19 | 19.6 | – | – |
| Apr 19 | 17.1 | – | – |
| Jun 19 | 9.2 | – | – |
| Sep 19 | 6.3 | 0.3 | – |
| Nov 19 | 5.5 | – | – |
| Jan 20 | 6.1 | – | – |
| Apr 20 | 3.0 | – | – |
| Jun 20 | 3.9 | – | – |
| Aug 20 | 3.8 | – | – |
| Oct 20 | 3.4 | – | – |
| Jan 21 | 5.8 | – | – |
| Mar 21 | 5.3 | – | – |
| May 21 | 6.9 | – | – |
| Aug 21 | 6.8 | – | – |
| Oct 21 | 7.8 | – | – |
| Dec 21 | 9.3 | – | – |
| Mar 22 | 12.0 | – | – |
| May 22 | 18.4 | – | – |
| Jul 22 | 18.9 | – | – |
| Sep 22 | 21.5 | – | – |
| Dec 22 | 23.7 | – | – |
| Feb 23 | 21.1 | – | – |
| Apr 23 | 20.4 | – | – |
| Jul 23 | 33.3 | – | – |
| Sep 23 | 39.5 | 0.6 | – |
| Nov 23 | 41.0 | – | – |
| Feb 24 | 56.0 | – | – |
| Apr 24 | 53.6 | – | – |
| Jun 24 | 45.3 | – | – |
| Aug 24 | 38.3 | – | – |
| Nov 24 | 36.5 | – | – |
| Jan 25 | 33.7 | – | – |
| Mar 25 | 27.3 | – | – |
| Jun 25 | 27.3 | 0.5 | 50.6 |
| Aug 25 | 34.3 | 0.5 | 63.5 |
| Oct 25 | 53.0 | – | 98.2 |
| Jan 26 | 74.9 | 0.4 | 178.3 |
| Feb 26 | 71.8 | 0.5 | 132.9 |
| Apr 26 | 94.4 | – | 174.8 |
| Jun 26 | 98.8 | 0.9 | 107.4 |
| Jul 26 | 88.9 | 0.9 | 96.6 |
Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (101.5×).
Stage 2: the trend is up, and has been for 44 weeks
STAGE 2 · ADVANCING · 44 WEEKSPrice trends have a life cycle: they base (1), advance (2), top out (3) and decline (4). This chart is in Stage 2: advancing — 44 weeks so far, confirmed.stage
The price sits above its rising 200-day average (₹74 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200
Beating NIFTY 500 for 49 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage (sampled — full series in the embedded dataset)
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Feb 16 | 3.1 | 3.0 | 3.5 | 4 |
| May 16 | 2.9 | 3.0 | 3.1 | 3 |
| Aug 16 | 8.2 | 3.8 | 5.2 | 2 |
| Nov 16 | 12.2 | 5.8 | 9.1 | 2 |
| Jan 17 | 13.4 | 8.9 | 12.8 | 2 |
| Apr 17 | 13.6 | 10.9 | 13.6 | 2 |
| Jul 17 | 13.9 | 12.3 | 13.9 | 2 |
| Oct 17 | 27.8 | 15.6 | 21.9 | 2 |
| Dec 17 | 30.9 | 22.6 | 30.2 | 2 |
| Mar 18 | 39.1 | 30.6 | 39.8 | 2 |
| Jun 18 | 29.1 | 32.1 | 33.2 | 2 |
| Sep 18 | 17.8 | 29.2 | 24.9 | 4 |
| Nov 18 | 21.8 | 25.8 | 22.2 | 4 |
| Feb 19 | 17.7 | 23.7 | 20.6 | 4 |
| May 19 | 17.3 | 21.3 | 17.9 | 4 |
| Aug 19 | 6.4 | 16.3 | 9.7 | 4 |
| Nov 19 | 5.8 | 12.1 | 6.5 | 4 |
| Jan 20 | 6.1 | 9.2 | 5.4 | 4 |
| Apr 20 | 3.2 | 7.1 | 4.0 | 4 |
| Jul 20 | 3.5 | 5.4 | 3.5 | 4 |
| Oct 20 | 3.5 | 4.6 | 3.6 | 4 |
| Dec 20 | 5.6 | 4.5 | 4.7 | 4 |
| Mar 21 | 5.3 | 5.1 | 5.7 | 2 |
| Jun 21 | 7.6 | 5.8 | 6.8 | 2 |
| Sep 21 | 5.9 | 6.2 | 6.5 | 2 |
| Nov 21 | 6.7 | 6.5 | 6.9 | 2 |
| Feb 22 | 12.6 | 8.8 | 11.9 | 2 |
| May 22 | 18.4 | 12.4 | 18.1 | 2 |
| Aug 22 | 21.3 | 14.5 | 17.7 | 2 |
| Oct 22 | 23.1 | 18.5 | 23.1 | 2 |
| Jan 23 | 24.3 | 21.3 | 24.6 | 2 |
| Apr 23 | 20.6 | 21.3 | 21.4 | 3 |
| Jul 23 | 33.3 | 23.8 | 28.2 | 2 |
| Sep 23 | 39.3 | 31.0 | 39.0 | 2 |
| Dec 23 | 52.4 | 35.6 | 42.3 | 2 |
| Mar 24 | 58.9 | 43.4 | 52.4 | 2 |
| Jun 24 | 46.9 | 46.5 | 50.3 | 2 |
| Aug 24 | 38.3 | 44.2 | 41.1 | 4 |
| Nov 24 | 34.9 | 41.0 | 36.8 | 4 |
| Feb 25 | 31.4 | 38.1 | 34.3 | 4 |
| May 25 | 25.8 | 34.3 | 29.0 | 4 |
| Aug 25 | 37.5 | 31.4 | 29.1 | 4 |
| Oct 25 | 53.0 | 36.5 | 44.3 | 2 |
| Jan 26 | 80.3 | 48.9 | 66.4 | 2 |
| Apr 26 | 89.5 | 60.6 | 75.9 | 2 |
| Jun 26 | 84.8 | 71.5 | 88.3 | 2 |
| Jul 26 | 88.9 | 73.9 | 89.9 | 2 |
Out of the loss years — profitable again, still below its best
Over 12 years, sales went from ₹213 Cr to ₹618 Cr (about 9% a year), and profit from ₹3.0 Cr to ₹15.0 Cr.revenuenet_profit
The books show real losses in FY20 (worst: ₹−22.0 Cr). Everything about today’s cheap-looking numbers must be read against that history — the recovery is what you are buying.net_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY14 | 213 |
| FY15 | 250 |
| FY16 | 286 |
| FY17 | 363 |
| FY18 | 466 |
| FY19 | 413 |
| FY20 | 359 |
| FY21 | 303 |
| FY22 | 526 |
| FY23 | 544 |
| FY24 | 535 |
| FY25 | 616 |
| FY26 | 618 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY14 | 3 |
| FY15 | 5 |
| FY16 | 7 |
| FY17 | 13 |
| FY18 | 22 |
| FY19 | 7 |
| FY20 | -22 |
| FY21 | 4 |
| FY22 | 9 |
| FY23 | 10 |
| FY24 | 8 |
| FY25 | 9 |
| FY26 | 15 |
Data: OPM % by year
| Period | OPM % (%) |
|---|---|
| FY14 | 2.8 |
| FY15 | 4.8 |
| FY16 | 5.2 |
| FY17 | 7.4 |
| FY18 | 9.7 |
| FY19 | 5.6 |
| FY20 | -1.7 |
| FY21 | 5.3 |
| FY22 | 4.6 |
| FY23 | 4.8 |
| FY24 | 5.6 |
| FY25 | 5.8 |
| FY26 | 7.4 |
Sales jumped 26% last quarter
Mar 26 sales were ₹193 Cr, up 26% on the same quarter last year.revenue
Data: Quarterly sales
| Period | Revenue (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 149 | – |
| Sep 23 | 134 | – |
| Dec 23 | 115 | – |
| Mar 24 | 137 | – |
| Jun 24 | 133 | -10.6 |
| Sep 24 | 149 | 11.1 |
| Dec 24 | 180 | 56.2 |
| Mar 25 | 153 | 12.1 |
| Jun 25 | 109 | -18.1 |
| Sep 25 | 128 | -14.2 |
| Dec 25 | 188 | 4.2 |
| Mar 26 | 193 | 26.0 |
Margins are widening — 4% → 8% in a year
Of every ₹100 of sales, the company keeps ₹8.4 as operating profit (a year ago it kept ₹4.3).opm_pct
Zoom out and this is the page's quiet hero: annual operating margin bottomed at 4.6% in FY22 and has been rebuilt to 7.4% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit
The gross margin moved the same way (12% → 17%), so this is about input costs and pricing power — the raw-material equation improved.gpm_pctopm_pct
Data: Three margins, quarterly
| Period | Gross (%) | Operating (%) | Net (%) |
|---|---|---|---|
| Jun 23 | 13.0 | 5.1 | 1.6 |
| Sep 23 | 14.3 | 5.3 | 1.3 |
| Dec 23 | 14.2 | 6.3 | 1.7 |
| Mar 24 | 15.2 | 6.1 | 1.6 |
| Jun 24 | 15.2 | 6.8 | 2.3 |
| Sep 24 | 16.6 | 6.5 | 1.7 |
| Dec 24 | 11.9 | 6.1 | 1.7 |
| Mar 25 | 12.2 | 4.3 | 0.4 |
| Jun 25 | 14.1 | 6.1 | 1.0 |
| Sep 25 | 16.8 | 7.3 | 1.9 |
| Dec 25 | 13.8 | 7.4 | 2.7 |
| Mar 26 | 17.3 | 8.5 | 3.5 |
Profit exploded 1,187% — mostly from keeping more of each sale
Mar 26 profit after tax was ₹6.8 Cr, up 1,187% year on year.net_profit
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 23 | 2.0 | – |
| Sep 23 | 2.0 | – |
| Dec 23 | 2.0 | – |
| Mar 24 | 2.0 | – |
| Jun 24 | 3.0 | 29.7 |
| Sep 24 | 3.0 | 48.3 |
| Dec 24 | 3.0 | 52.3 |
| Mar 25 | 1.0 | -75.7 |
| Jun 25 | 1.0 | -64.1 |
| Sep 25 | 2.0 | -5.0 |
| Dec 25 | 5.0 | 68.0 |
| Mar 26 | 7.0 | 1,186.8 |
The single biggest driver was keeping more of each sale.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | 1 |
| More sales | +2 |
| Fatter margins | +8 |
| Other income | −2 |
| Depreciation | −0 |
| Interest | +1 |
| Tax | −2 |
| PAT Mar 26 | 7 |
The profits are real — they turn into cash
Over the last 5 profitable years, the business reported ₹51.0 Cr of profit and collected ₹46.0 Cr of operating cash — about 90% conversion.operating_cash_flownet_profit
When cash tracks profit this closely, the earnings need no asterisk.
Data: Cash collected vs profit reported (annual)
| Period | Operating cash flow (₹ Cr) | Profit after tax (₹ Cr) |
|---|---|---|
| FY14 | -12.0 | 3.0 |
| FY15 | 6.0 | 5.0 |
| FY16 | -2.0 | 7.0 |
| FY17 | -22.0 | 13.0 |
| FY18 | -10.0 | 22.0 |
| FY19 | 13.0 | 7.0 |
| FY20 | 23.0 | -22.0 |
| FY21 | 11.0 | 4.0 |
| FY22 | 11.0 | 9.0 |
| FY23 | 29.0 | 10.0 |
| FY24 | 5.0 | 8.0 |
| FY25 | -21.0 | 9.0 |
| FY26 | 22.0 | 15.0 |
The cash cycle is stretching — more money stuck in the pipeline
One rupee now takes about 135 days to go out the door as materials and come back as collected cash — up from 116 days the year before.cash_conversion_cycle
The biggest mover: inventory sitting longer in the warehouse (130 → 159 days).inventory_days
Data: Days of cash locked up (annual)
| Period | Customers owe (debtor days) (days) | Stock on shelf (inventory days) (days) | We owe suppliers (payable days) (days) |
|---|---|---|---|
| FY14 | 60.0 | 58.0 | 58.0 |
| FY15 | 34.0 | 75.0 | 60.0 |
| FY16 | 42.0 | 95.0 | 71.0 |
| FY17 | 59.0 | 92.0 | 46.0 |
| FY18 | 59.0 | 79.0 | 21.0 |
| FY19 | 44.0 | 114 | 21.0 |
| FY20 | 32.0 | 121 | 23.0 |
| FY21 | 51.0 | 168 | 72.0 |
| FY22 | 51.0 | 84.0 | 44.0 |
| FY23 | 38.0 | 89.0 | 49.0 |
| FY24 | 36.0 | 124 | 55.0 |
| FY25 | 31.0 | 130 | 45.0 |
| FY26 | 18.0 | 159 | 42.0 |
The asset base keeps compounding — this company builds
The productive asset base has gone from ₹9.0 Cr (FY14) to ₹74.0 Cr.fixed_assetscwip
The build is bigger than the cash engine: investing outflows (₹27.0 Cr) exceeded operating cash (₹6.0 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow
Data: Assets in place vs under construction (annual)
| Period | Fixed assets (₹ Cr) | Under construction (CWIP) (₹ Cr) |
|---|---|---|
| FY14 | 9.0 | 0.0 |
| FY15 | 12.0 | 2.0 |
| FY16 | 14.0 | 4.0 |
| FY17 | 21.0 | 0.0 |
| FY18 | 30.0 | 10.0 |
| FY19 | 38.0 | 17.0 |
| FY20 | 46.0 | 13.0 |
| FY21 | 61.0 | 0.0 |
| FY22 | 62.0 | 0.0 |
| FY23 | 65.0 | 1.0 |
| FY24 | 66.0 | 0.0 |
| FY25 | 64.0 | 4.0 |
| FY26 | 74.0 | 0.0 |
Debt is present but comfortable
For every ₹100 shareholders have put in (and left in), the company has borrowed ₹76 — total borrowings have grown from ₹34.0 Cr to ₹129 Cr over the window.borrowings
Data: Total borrowings (annual)
| Period | Borrowings (₹ Cr) |
|---|---|
| FY14 | 34.0 |
| FY15 | 34.0 |
| FY16 | 44.0 |
| FY17 | 62.0 |
| FY18 | 95.0 |
| FY19 | 114 |
| FY20 | 109 |
| FY21 | 109 |
| FY22 | 112 |
| FY23 | 112 |
| FY24 | 120 |
| FY25 | 117 |
| FY26 | 129 |
Data: Debt vs shareholders’ money (annual)
| Period | Debt ÷ equity (x) |
|---|---|
| FY14 | 2.6 |
| FY15 | 1.9 |
| FY16 | 1.8 |
| FY17 | 1.1 |
| FY18 | 1.2 |
| FY19 | 1.3 |
| FY20 | 1.7 |
| FY21 | 1.6 |
| FY22 | 1.4 |
| FY23 | 1.3 |
| FY24 | 1.3 |
| FY25 | 0.8 |
| FY26 | 0.8 |
Every ₹100 kept in the business earns ₹15 — decent, not special
Return on capital employed is 15.0% (a year ago: 14.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct
Data: Returns on capital (annual)
| Period | ROCE (%) |
|---|---|
| FY14 | 15.0 |
| FY15 | 24.0 |
| FY16 | 25.0 |
| FY17 | 29.0 |
| FY18 | 30.0 |
| FY19 | 12.0 |
| FY20 | -4.0 |
| FY21 | 8.0 |
| FY22 | 12.0 |
| FY23 | 13.0 |
| FY24 | 14.0 |
| FY25 | 14.0 |
| FY26 | 15.0 |
The owners aren’t moving
Promoters hold 69.8%, essentially unchanged. Foreign funds own 1.5%, domestic funds null%.promoters_pctfiis_pctdiis_pct
Data: Who holds the shares, quarterly
| Period | Promoters (%) | Foreign funds (%) |
|---|---|---|
| Jun 23 | 74.1 | 0.0 |
| Sep 23 | 74.1 | 1.0 |
| Dec 23 | 74.1 | 2.6 |
| Mar 24 | 74.1 | 2.6 |
| Jun 24 | 69.8 | 2.4 |
| Sep 24 | 69.8 | 2.4 |
| Dec 24 | 69.8 | 2.4 |
| Mar 25 | 69.8 | 2.4 |
| Jun 25 | 69.8 | 2.4 |
| Sep 25 | 69.8 | 2.6 |
| Dec 25 | 69.8 | 2.7 |
| Mar 26 | 69.8 | 1.5 |
- Promoters are not selling. Their stake has moved 0.1 points or less in 8 quarters — it sits at 69.8%.promoters_pct
- Foreign funds have neither piled in nor fled — their stake has held near 1.5% for 8 quarters. No smart-money signal, in either direction.fiis_pct
Strong on the data — worth the deeper look if the story keeps its promises
The numbers lean positive, and the price already assumes the good news continues.
Best thing in the data: profit rising (₹0.5 Cr → ₹6.8 Cr).net_profit
One dissent worth hearing: our catalysts lens reads negative — “2 earnings trigger(s): operating_leverage, market_share_gains. 2 risk factor(s): High interest costs and leverage, Tax rate volatility. Management rated VERIFY ”. When a lens disagrees with the committee, it is usually pointing at the thing that breaks first.
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does Arfin India Ltd do?
Incorporated in 1992, Arfin India Ltd manufactures and trades non-ferrous metals[1]. It is listed in the Aluminium Products sector with a market capitalisation of ₹1,503 Cr.
What is Arfin India Ltd's share price?
As of 1 July 2026, Arfin India Ltd trades at ₹88.9, up 250% over the past year, with a market capitalisation of ₹1,503 Cr. Beating NIFTY 500 for 49 weeks. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is Arfin India Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates Arfin India Ltd's intrinsic value at ₹27.0 per share under base assumptions (bear ₹9.0, bull ₹27.0), against the current price of ₹88.9 — a 67% premium to model value. The current price already implies roughly 38% annual earnings growth. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
Is Arfin India Ltd stock overvalued or undervalued?
Arfin India Ltd trades at a P/E of 97.3× — the 42nd percentile of its own 10.3-year trading range (median 102×), which is below the middle of its own historical range. Most of this rally is re-rating, not earnings. Since Mar 2016, the stock is up 2,863% while earnings per share grew 51%. The difference is re-rating — investors paying more for the same rupee of profit. One caveat: margins are currently at the top of their own historical band, so the earnings behind that multiple may themselves be at a cyclical high — the stock is cheaper than its history partly because the E is fatter than usual.
What did Arfin India Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 sales were ₹193 Cr, up 26% on the same quarter last year. Mar 26 profit after tax was ₹6.8 Cr, up 1,187% year on year. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is Arfin India Ltd growing?
Sales jumped 26% last quarter. Mar 26 sales were ₹193 Cr, up 26% on the same quarter last year.
Are Arfin India Ltd's profits growing?
Profit exploded 1,187% — mostly from keeping more of each sale. Mar 26 profit after tax was ₹6.8 Cr, up 1,187% year on year.
What are Arfin India Ltd's operating margins?
Margins are widening — 4% → 8% in a year. In the most recent quarter, of every ₹100 of sales, the company keeps ₹8.4 as operating profit (a year ago it kept ₹4.3).
What is Arfin India Ltd's long-term growth record?
Revenue grew from ₹213 Cr in FY14 to ₹618 Cr in FY26 — a 9.3% compound annual growth rate over 12 years. Profit after tax compounded at 14.4% over the same period (₹3 Cr → ₹15 Cr).
Is Arfin India Ltd stock in an uptrend?
Stage 2: the trend is up, and has been for 44 weeks. Arfin India Ltd is in Stage 2 — advancing, 44 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Why is Arfin India Ltd stock rising?
The price is up 250% over the past year, in a confirmed Stage 2 uptrend (44 weeks), and has beaten NIFTY 500 for 49 weeks. Since 2016, the price is up 2,863% while earnings per share moved 51%.
Is Arfin India Ltd beating the NIFTY 500?
Yes — beating NIFTY 500 for 49 weeks, as of 1 July 2026. Relative strength is measured weekly against the NIFTY 500 (Mansfield RS): a positive reading means the stock has outperformed the index over the trailing window, week after week.
Where is Arfin India Ltd in its business cycle?
The data reads Arfin India Ltd as a deep cyclical business currently in its early recovery phase — earnings at 84% of their own historical range, valuation at the 42nd percentile. Profits swing violently in this business — real losses in FY20. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.
Does Arfin India Ltd have too much debt?
Debt is present but comfortable. For every ₹100 shareholders have put in (and left in), the company has borrowed ₹76 — total borrowings have grown from ₹34.0 Cr to ₹129 Cr over the window.
What is the bull case for Arfin India Ltd?
From losses in FY20 to record profits — the comeback is real, the price knows it. Best thing in the data: profit rising (₹0.5 Cr → ₹6.8 Cr). Sales jumped 26% last quarter.
What is the bear case for Arfin India Ltd — what could break the story?
Two quarters of margins reversing would kill this story. The nearest-term thing to watch: if quarterly growth slips below 13%, the story weakens. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is Arfin India Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: strong on the data — worth the deeper look if the story keeps its promises. The numbers lean positive, and the price already assumes the good news continues. Across the 7-model scorecard the composite research signal is study deeper at 71% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.