# Arman Financial Services share price today (Arman Financial Services Ltd, NSE: ARMANFIN)

> Arman Financial Services share price today: ₹1,491.90 at the NSE close on 3 November 2026, down 8.6% in a year. Arman Financial Services (NSE: ARMANFIN) is worth ₹1,574 crore, trades at a P/BV of 1.7 and has closed between ₹1,360.80 and ₹2,069.30 over the past 52 weeks. > Arman Financial Services Ltd's results are improving, while its P/BV is near the low end of its own history over 10 years, higher than only 5% of past readings. ARMANFIN · Finance & Investments - Microfinance · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/arman-financial-services-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹1,491.90 (−8.6% in a year)
- P/BV: 1.7× (lower than 95% of the last 10 years)
- Revenue (Jun 2026): ₹202 Cr (+33.8% on a year ago)
- Profit (Jun 2026): ₹45.0 Cr
- Net margin: 22.3% (+32.2 points on a year ago)
- ROE: 6%, FY26
- Gross NPA (bad loans): 2.76% (−0.69 points on a year ago)

The main question: foreign institutions moved −2.1 percentage points over 8 quarters while the business went the other way. ## What is the Arman Financial Services share price today? Arman Financial Services Ltd's share price was ₹1,491.90 at the close on 3 November 2026. It has been rising for 24 weeks. That is 13.2% 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 19% of the way up from that low. 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 +550% 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. ## What changed at Arman Financial Services this quarter? 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. ## What are Arman Financial Services' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹202 crore | ₹151 crore | +33.8% |
| Profit | ₹45.0 crore | loss of ₹15.0 crore | n/a |
| Earnings per share | ₹42.96 | ₹−13.90 | n/a |
| Net margin | 22.3% | −9.9% | +32.2 points |
| Gross bad loans (gross NPA) | 2.76% | 3.45% | −0.69 points |

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.)

## What is the Arman Financial Services share price history? Arman Financial Services closed at ₹1,491.90 on 3 November 2026, down 8.6% from ₹1,631.40 a year earlier (31 October 2025) and up 44.3% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,409.35 | +5.9% |
| 1 month ago · 1 Oct 2026 | ₹1,761.25 | −15.3% |
| 6 months ago · 30 Apr 2026 | ₹1,493.20 | −0.1% |
| 1 year ago · 31 Oct 2025 | ₹1,631.40 | −8.6% |
| 3 years ago · 3 Nov 2023 | ₹2,198.90 | −32.2% |
| 5 years ago · 4 Nov 2021 | ₹1,034.05 | +44.3% |
| 10 years ago · 4 Nov 2016 | ₹256.00 | +482.8% |
| Earliest weekly close in our records · 17 Jun 2016 | ₹229.50 | +550.1% |
| Highest weekly close since June 2016 · 22 Dec 2023 | ₹2,609.70 | −42.8% |
| Lowest weekly close since June 2016 · 20 Jan 2017 | ₹179.65 | +730.4% |
| 52-week high (weekly close) · 4 Sep 2026 | ₹2,069.30 | −27.9% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹1,360.80 | +9.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (550 weekly closes from 17 June 2016 to 3 November 2026.)

## What is the latest news on Arman Financial Services? 3 Nov 2026: Arman Financial Services closed at ₹1,491.90, up 5.9% on the week and down 15.3% 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. ## What dividend does Arman Financial Services pay? 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 4 November 2026.)

## What did Arman Financial Services management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/3571-29-Sep-2026.pdf). (From the call for April to June 2026, 29 September 2026.)

## What could change the Arman Financial Services story? What are the risks? 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.)

## What to watch in Arman Financial Services' next results? 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. - What to check (from the call)
- Q2 asset quality and collections: check whether weather and macro disruptions remain contained without a cliff effect. - H2 origination: test whether higher inquiries translate into safe volume growth without guardrails being relaxed. - CGFMU claim process: monitor first submission, processing speed, and any recovery or repudiation outcome. - Rating surveillance: check for an agency update and any resulting borrowing-cost change. ## Which stock lists is Arman Financial Services on? Arman Financial Services is not on any of our India lists this week. ## Is Arman Financial Services profitable? 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. For the full year, FY26 profit was ₹57.0 Cr (+9.6% on the year before). ## How much revenue does Arman Financial Services make, and is it growing? 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. 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). ## How much does Arman Financial Services keep from what it earns? 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. 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. ## How many of Arman Financial Services' loans have gone bad? 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. 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. ## How fast is Arman Financial Services' loan book growing? 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. 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. ## What is Arman Financial Services' P/BV ratio, and how does it compare with its own history? Arman Financial Services Ltd's P/BV is 1.7×, near the low end of its own history: it has been lower only 5% 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. 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. Why the multiple is where it is: over the past year book value grew while the price moved −8.6%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved +7.6% a year; about +31.0% a year came from book-value growth and about −23.4 percentage points from the multiple (the market paying less); over 10 years the price moved +19.3% a year; about +24.9% a year came from book-value growth and about −5.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. ## Is the Arman Financial Services business getting better or worse? Arman Financial Services Ltd's business is turning around. Profit growth has swung from −96.4% at its low to +1833.3%, improving for 3 quarters in a row, with ROE rising at 12.4%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## How much does Arman Financial Services earn on its equity and assets? Arman Financial Services Ltd earned a return on equity of 6% in FY26. Its lowest yearly reading on file was 6% in FY21. On its assets, every ₹100 earned about ₹2.25, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That return is below the level a bank needs to grow its net worth quickly, which helps explain why its multiple is where it is. Why: the ROE chart shows the move, but the deposit-cost and bad-loan details behind it are not in our data. ## Does Arman Financial Services have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Arman Financial Services shareholding pattern? Foreign institutions cut their stake in Arman Financial Services Ltd by 2.1 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 2.9% of the company. Domestic institutions moved +0.4 points over the same period, to 5.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −2.1 points over 8 quarters, to 2.9%; Domestic institutions: +0.4 points over 8 quarters, to 5.5%; Promoters: −0.1 points over 8 quarters, to 21.9%. Why the owners changed: foreign institutions drove it (−2.1 points). They reduced their stake. ## How far is Arman Financial Services from balance-sheet trouble? For Arman Financial Services Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Arman Financial Services rank in its industry? 40.5 out of 100, rank 5 of 7 in Finance & Investments - Microfinance, with 86% of the evidence available. Arman Financial Services Ltd scores 40.5 out of 100 against the 7 companies it is compared with in Finance & Investments - Microfinance, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 11.8 + 13.8 + 5 + 9.9 = 40.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Arman Financial Services compared with? Arman Financial Services ranks 5 of 7 Finance & Investments - Microfinance companies on the 4-Factor Sector Score, with 40.5 out of 100. 1. [Satin Creditcare Network Ltd](https://www.sectoralpha.in/stocks/satin-creditcare-network-ltd) SATIN · turning · Sector-leading setup · 82% evidence 84.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Income 20.3% · Profit 100% · 86% evidence Capital efficiency 18.0/25 · ROA 3.3% · ROE 12.3% · GNPA n/a · 72% evidence Valuation 16.3/20 · P/BV 0.83× · P/BV÷ROE 0.07 · 70% evidence Relative strength 20.0/20 · Lead over its industry 45.2% · Lead over NIFTY 500 30.5% · 1 year 52.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 29.9 + 18 + 16.3 + 20 = 84.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Northern Arc Capital Ltd](https://www.sectoralpha.in/stocks/northern-arc-capital-ltd) NORTHARC · quiet · Most evidence points up · 70% evidence 71.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.2/35 · Income 21.1% · Profit 54.4% · 55% evidence Capital efficiency 16.2/25 · ROA 2.7% · ROE 11.1% · GNPA n/a · 68% evidence Valuation 14.2/20 · P/BV 1.05× · P/BV÷ROE 0.1 · 70% evidence Relative strength 16.6/20 · Lead over its industry 7.8% · Lead over NIFTY 500 -2% · 1 year -7.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 24.2 + 16.2 + 14.2 + 16.6 = 71.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [CreditAccess Grameen Ltd](https://www.sectoralpha.in/stocks/creditaccess-grameen-ltd) CREDITACC · quiet · Most evidence points up · 93% evidence 66.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 31.9/35 · Income 17.6% · Profit 100% · 100% evidence Capital efficiency 18.1/25 · ROA 4.6% · ROE 10.5% · GNPA n/a · 72% evidence Valuation 11.6/20 · P/BV 1.84× · P/BV÷ROE 0.17 · 100% evidence Relative strength 5.3/20 · Lead over its industry -10.9% · Lead over NIFTY 500 -18.9% · 1 year -28.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 31.9 + 18.1 + 11.6 + 5.3 = 66.9 · What this means: Earnings are strong; relative strength in its sector is -10.9% and the one-year return is -28.1%. 4. [Muthoot Microfin Ltd](https://www.sectoralpha.in/stocks/muthoot-microfin-ltd) MUTHOOTMF · quiet · Evidence leans down · 89% evidence 44.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Income 0.9% · Profit 100% · 88% evidence Capital efficiency 9.2/25 · ROA 1.3% · ROE 6.2% · GNPA n/a · 72% evidence Valuation 7.3/20 · P/BV 0.81× · P/BV÷ROE 0.13 · 100% evidence Relative strength 1.5/20 · Lead over its industry -15.9% · Lead over NIFTY 500 -23.8% · 1 year -19.9% · 100% evidence · 5 of 12 weeks ahead Exact sum: 26.2 + 9.2 + 7.3 + 1.5 = 44.2 · What this means: Earnings are strong; relative strength in its sector is -15.9% and the one-year return is -19.9%. 5. Arman Financial Services Ltd this page ARMANFIN · quiet · Evidence leans down · 86% evidence 40.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.8/35 · Income 0.1% · Profit 100% · 60% evidence Capital efficiency 13.8/25 · ROA 2% · ROE 6.3% · GNPA 2.8% · 100% evidence Valuation 5.0/20 · P/BV 1.6× · P/BV÷ROE 0.26 · 100% evidence Relative strength 9.9/20 · Lead over its industry -1.8% · Lead over NIFTY 500 -10.9% · 1 year -13.1% · 100% evidence · 8 of 12 weeks ahead Exact sum: 11.8 + 13.8 + 5 + 9.9 = 40.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Spandana Sphoorty Financial Ltd](https://www.sectoralpha.in/stocks/spandana-sphoorty-financial-ltd) SPANDANA · basing · Evidence leans down · 61% evidence 36.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.6/35 · Income -26.3% · Profit 96% · 46% evidence Capital efficiency 4.2/25 · ROA -0.9% · ROE -29.4% · GNPA n/a · 68% evidence Valuation 9.2/20 · P/BV 0.72× · P/BV÷ROE n/a · 40% evidence Relative strength 8.2/20 · Lead over its industry -11.1% · Lead over NIFTY 500 -18.9% · 1 year -25.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14.6 + 4.2 + 9.2 + 8.2 = 36.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Fusion Finance Ltd](https://www.sectoralpha.in/stocks/fusion-finance-ltd) FUSION · quiet · Evidence leans down · 78% evidence 35.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Income -18.1% · Profit 100% · 40% evidence Capital efficiency 14.6/25 · ROA 3.5% · ROE 0.7% · GNPA 2.5% · 95% evidence Valuation 3.2/20 · P/BV 0.85× · P/BV÷ROE 1.25 · 100% evidence Relative strength 0.6/20 · Lead over its industry -16.8% · Lead over NIFTY 500 -24.6% · 1 year -29% · 100% evidence · 5 of 12 weeks ahead Exact sum: 17 + 14.6 + 3.2 + 0.6 = 35.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance & Investments - Microfinance](https://www.sectoralpha.in/sectors/finance-investments-microfinance), all 7 compared on one page. ## Which companies are close to Arman Financial Services in size? Arman Financial Services is the 7th largest of 7 Finance & Investments - Microfinance companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: CreditAccess Grameen, Northern Arc Capital, Satin Creditcare Network, Muthoot Microfin, Fusion Finance and Spandana Sphoorty Financial. It is the smallest. ### Finance & Investments - Microfinance companies close in size

1. [CreditAccess Grameen Ltd](https://www.sectoralpha.in/stocks/creditaccess-grameen-ltd) ₹16,434 crore
2. [Northern Arc Capital Ltd](https://www.sectoralpha.in/stocks/northern-arc-capital-ltd) ₹4,091 crore
3. [Satin Creditcare Network Ltd](https://www.sectoralpha.in/stocks/satin-creditcare-network-ltd) ₹2,639 crore
4. [Muthoot Microfin Ltd](https://www.sectoralpha.in/stocks/muthoot-microfin-ltd) ₹2,300 crore
5. [Fusion Finance Ltd](https://www.sectoralpha.in/stocks/fusion-finance-ltd) ₹2,093 crore
6. [Spandana Sphoorty Financial Ltd](https://www.sectoralpha.in/stocks/spandana-sphoorty-financial-ltd) ₹1,993 crore
7. Arman Financial Services Ltd ₹1,495 crore

[All 7 Finance & Investments - Microfinance companies, largest first](https://www.sectoralpha.in/sectors/finance-investments-microfinance#all-companies)

### Companies close in size in other industries

1. [Som Distilleries & Breweries Ltd](https://www.sectoralpha.in/stocks/som-distilleries-breweries-ltd) ₹1,506 crore · Alcoholic Beverages
2. [M & B Engineering Ltd](https://www.sectoralpha.in/stocks/m-b-engineering-ltd) ₹1,498 crore · Pre-Engineering Buildings
3. Arman Financial Services Ltd ₹1,495 crore
4. [Manaksia Coated Metals & Industries Ltd](https://www.sectoralpha.in/stocks/manaksia-coated-metals-industries-ltd) ₹1,495 crore · Aluminium Products
5. [Virtuoso Optoelectronics Ltd](https://www.sectoralpha.in/stocks/virtuoso-optoelectronics-ltd) ₹1,494 crore · Consumer Electronics - EMS

## What else do people ask about Arman Financial Services? ### What is Arman Financial Services's share price today? Arman Financial Services Ltd's share price is ₹1,491.90, −8.6% over the past year. The whole company is worth ₹1,574 Cr on the market. In the last 52 weeks it traded between ₹1,361 to ₹2,069; today it is 19% of the way up from the low, 13.2% below its 200-day average (as of 3 November 2026). ### What were Arman Financial Services's latest quarterly results? Arman Financial Services Ltd reported total income of ₹202 Cr and net profit of ₹45.0 Cr for the Jun 2026 quarter. Earnings per share were ₹42.96. The net margin was 22.3%, 32.2 percentage points higher than a year earlier. Gross NPA stood at 2.76% of the loan book (as of 3 November 2026). ### What is Arman Financial Services's market cap? Arman Financial Services Ltd's market capitalisation is ₹1,574 Cr at a share price of ₹1,491.90. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Arman Financial Services performing? Arman Financial Services Ltd's share price has been rising for 24 weeks. Over the past 13 weeks it has done worse than the NIFTY 500, for 5 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Arman Financial Services's share price go up? This page does not forecast Arman Financial Services Ltd's share price. What it shows instead: the share price is ₹1,491.90, and it has been rising for 24 weeks. Its P/BV of 1.7× is higher than 5% of its own last 10 years (as of 3 November 2026). ### Who owns Arman Financial Services? Promoters own 21.9% of Arman Financial Services Ltd, foreign institutions 2.9%, domestic institutions 5.5% and the public 69.8% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 2.1 percentage points over 8 quarters (as of 3 November 2026). ### Where is Arman Financial Services in its business cycle? Arman Financial Services Ltd's FY26 net margin was 8.8%, against a 13-year range of 5.6% to 26.3%: the low end of its own range, which is often where recoveries start. The latest quarter was 22.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Arman Financial Services story? The main question: foreign institutions moved −2.1 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Arman Financial Services a stock worth studying right now? What the numbers show: Arman Financial Services Ltd's results are improving, while its P/BV is near the low end of its own history over 10 years, higher than only 5% of past readings. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Arman Financial Services share price forecast for 2026? What management itself guided: Portfolio goal of ₹5,000 crore over the next 2-3 years. What would change the story: GNPA may rise as CGSFMU claim filing precedes write-offs, net NPA is the operative metric. This is research, not advice. We’re not SEBI-registered.