Arman Financial Services share price today

Arman Financial Services Ltd's share price was ₹1,584.00 at the close on 4 November 2026. It has been rising for 24 weeks. That is 7.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,361 and ₹2,069, and at that close it sat 32% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Arman Financial Services Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 5 weeks running.

Over the last 10 years the share price moved +590% while the NIFTY 500 moved +219%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue grew again in the June 2026 quarter, bad loans at their lowest share in 8 quarters and highest quarterly revenue in 15 quarters.

1. Revenue grew again in the June 2026 quarter

   Revenue was ₹202 crore, +33.8% on a year earlier (₹151 crore), after 4 quarters of decline.

2. Bad loans at their lowest share in 8 quarters

   Gross NPA, the share of loans not being repaid, was 2.76% in the June 2026 quarter, from 3.45% a year earlier.

   Why: Bad loans fell because tighter lending rules and better customer selection brought loan quality back toward where it was before the crisis.

   Next results: check whether bad loans stay stable through weather and economic trouble without a sudden jump.

   From the earnings call on 29 Sep 2026.

3. Highest quarterly revenue in 15 quarters

   Revenue of ₹202 crore in the June 2026 quarter is the highest of the last 15 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Arman Financial Services reported total income of ₹202 crore, up 33.8% from ₹151 crore a year earlier, and a profit of ₹45.0 crore, against a loss of ₹15.0 crore a year earlier.

Arman Financial Services results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Arman Financial Services' management discussed these results on a call held on 29 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Income and profit in ₹ crore.

Arman Financial Services closed at ₹1,584.00 on 4 November 2026, down 4.3% from ₹1,654.90 a year earlier (7 November 2025) and up 53.2% over five years. Its highest weekly close since June 2016 was ₹2,609.70 on 22 December 2023.

Arman Financial Services share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

550 weekly closes from 17 June 2016 to 4 November 2026.

4 Nov 2026: Arman Financial Services closed at ₹1,584.00, up 11.7% on the week and down 10.1% on the month. 29 Sep 2026: Arman Financial Services held its results call for April to June 2026. Management guided: Portfolio goal of ₹5,000 crore over the next 2-3 years.

Earlier

• Results for April to June 2026: Total income up 33.8% on a year earlier.

Arman Financial Services has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. Arman Financial Services Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 6 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 29 September 2026, Arman Financial Services' management guided: Portfolio goal of ₹5,000 crore over the next 2-3 years.

“I would say that the overall crisis does seem to be behind us, but that does not mean we do not have to continue being cautious.”Alok Patel, on the call for April to June 2026

What management guided

• H2 volumes expected to be much stronger than H1.
• CFO later placed the first CGFMU claim submission in Q3, whereas an earlier answer said end of this financial year; closures hoped for within the financial year.
• Rating-agency surveillance process scheduled for October-November, with an update hoped for as it progresses.
• Meaningful, not marginal, increases in weighted-average borrowing cost would be passed through partly or fully to customer rates if market conditions permit.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 29 September 2026.

GNPA may rise as CGSFMU claim filing precedes write-offs, net NPA is the operative metric.

The main risks

• GNPA Paradox, Gross NPA May Rise Before Falling: GNPA may rise as CGSFMU claim filing precedes write-offs, net NPA is the operative metric. ⚠ estimate
• Opex Compression May Undershoot: Two Opex goal revisions already; 7% FY27 goal requires 20%+ AUM growth while having absolute costs flat. ⚠ estimate
• MFI Regulatory Tightening: RBI guardrails and household over-leverage caps constrain MFI book growth; diversification is the structural hedge. ⚠ estimate
• Management Guidance Credibility: Four documented guidance misses across 4 concalls, execution track record requires re-establishing over 2 quarters. ⚠ estimate

Our read after the January to March 2026 results, written 31 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

When Arman Financial Services reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 asset quality and collections: check whether weather and macro disruptions remain contained without a cliff effect.

Arman Financial Services is not on any of our India lists this week.

Arman Financial Services Ltd earned ₹45.0 Cr of net profit in the Jun 2026 quarter. Full-year FY26 profit was ₹57.0 Cr. Over 10 years profit has grown 21.7% a year on average. That is 22.3% of the quarter's revenue. The same quarter a year earlier lost ₹15.0 Cr. 2 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹57.0 Cr (+9.6% on the year before).

Arman Financial Services Ltd reported ₹202 Cr of income in the Jun 2026 quarter, +33.8% on the same quarter a year earlier. Over 10 years it has grown 31.7% a year on average. The last full year, FY26, came in at ₹646 Cr. The last four reported quarters add to ₹697 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

FY26 revenue was ₹646 Cr, −11.5% on the year before.

Recent pace: the last four quarters grew +1.8% on average, against 31.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +0.1%, against +0.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +1,833.3%, against −16.2% a year (accelerating).

Arman Financial Services Ltd's net margin was 22.3% in the Jun 2026 quarter, 32.2 percentage points higher than the same quarter a year ago. Across 13 years it has been between 5.6% and 26.3%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

Arman Financial Services Ltd's gross NPA, the share of loans that have stopped being repaid, is 2.76% in Jun 2026, down from 3.45% a year ago. After the money already set aside for bad loans, 0.84% is left (net NPA). That is the 3rd quarter in a row of improvement.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Across the 12 quarters on file it has been between 2.48% and 4.13%. Falling bad loans mean the loan book is healing; rising ones mean new damage.

In Jun 2026, gross NPA was 2.76% and net NPA 0.84%, against 3.45% and 0.51% a year ago.

In short: a lender's profit growth is only as good as its loans, and this loan book is healing, several quarters running. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up.

Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown.

Arman Financial Services Ltd's revenue was ₹646 Cr in FY26, −11.5% on the year before, so the loan book is not growing. The latest quarter was +33.8% on a year earlier. The net margin on that income is 22.3%, +32.2 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

Arman Financial Services Ltd's P/BV is 1.8×, near the low end of its own history: it has been lower only 7% of the time. Its usual P/BV (the middle reading) is 3.1×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.

Why the multiple is low: this lender earns about 6% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve.