AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Dividend Updates 18 Sep - Board approved Rs 0.12 interim dividend for FY27; record date September 24, 2026.
Source: Bse
Arfin India Limited (ARFIN)
Small CapMetals stocks · Small cap · NSE
Arfin India Limited operates in Aluminium Products, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:15 pm ISTDetails
Quote21 Oct, 03:15 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 12:57 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
68Bullishfull bull SMA stack · SMA20 +11.1% / mo · MACD + · near 52W high
Stock trend: 84
Sector RS: 44
Sector 3M: -5.7% vs Nifty 500 -5.8%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ARFIND candles · FIT view-2.8%TODAY · PROVISIONALLatest price ₹92.39 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-7.5%
RSI
45
MACD hist
-0.46
52W pos
66%
2026-10-21O ₹99.90H ₹100.25L ₹89.51C ₹92.39Vol 29.6L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ARFINNifty MetalNifty 500
- ARFIN
- +17.0%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- +22.5 pp
Chart stats
19 Oct 2026- From 52W high
- -11.6%
- 52W range position
- 80%
- ATR (14)
- 5.1%
- Volume vs 20D
- 0.45x
- Avg traded value
- ₹45.4 Cr
- 20D price channel
- ₹86.1 - ₹113.8
₹113.8
₹48.6 - ₹113.8
₹5.2
Latest completed session
20-session average
51.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · OVERVALUED27
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent77
Revenue +95.5% · PAT +276.9% YoY
Technical
Bullish68
Price trend and sector-relative-strength timing.
Valuation
Legacy model-143.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence75
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 77/100Rev +95% YoY · PAT +277% YoY · +10% QoQ · operating leverage · margin compression
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹212.8 Cr | +95.5% | +10.1% |
| EBITDA | ₹10.2 Cr | +53.8% | -37.8% |
| Operating margin | 4.8% | -129 bps | -368 bps |
| PAT | ₹4.1 Cr | +276.9% | -40.3% |
| PAT margin | 1.9% | +92 bps | -162 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 80.30
- P/B
- 8.66
- EV/EBITDA
- 29.25
- Market Cap
- 1480.00Cr
Profitability
- ROE
- 9.43%
- ROCE
- 14.80%
- ROA
- 4.85%
- Dividend Y
- 0.14%
Growth (CAGR)
- Revenue 5Y
- 70.00%
- EPS 5Y
- 70.00%
- Revenue 3Y
- 30.00%
- EPS 3Y
- 30.00%
Balance Sheet
- Debt/Equity
- 0.76
- Interest Coverage
- 2.63×
- Altman Z
- 7.55
- Book Value
- 10.10
Cash Flow
- FCF Yield
- 0.47%
- FCF Positive Y
- 2/5
- OCF
- 22.00 Cr
- EPS TTM
- 1.09
Shareholding
- Promoter Hold
- 69.77%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 69%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 618+0.3% vs prev
Net Profit
₹ CrLatest: 15.0+66.7% vs prev
Return on Equity
%Latest: 8.8+53.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 45. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~9.8% over last month) — short-term momentum positive.
- RSI(14) at 45 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 19% off 52W high · 81% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
90
RS percentile
Stage 2 UptrendNew S2
1M return
+12.3%
3M return
+17.0%
6M return
+6.4%
1Y return
+86.3%
RS 1D
0
RS 20D
+3
Sector rank
#4
Industry rank
#18
Stage evidence
- Price is 12.2% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +3.4%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
13 Oct 2026
S2 age
5 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 217.05-1.04%
RS vs Nifty 500217
Valuation & peers
U-Score 27 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 27 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth14/25
Quality1/20
Balance Sheet7/15
Cash Flow2/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
27
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
27/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 14/25 to the score.
- Balance sheet contributes 7/15 to the score.
- Cash flow contributes 2/10 to the score.
Main drags
- Fair-value margin of safety is negative at -143.6%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Quality is weaker at 1/20; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
80.3
PB
8.7
EV/EBITDA
29.3
ROE
9.4%
ROCE
14.8%
FCF Yield
0.5%
Debt/Equity
0.8
MoS
-143.6%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
27
Previous: 27
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-143.6%
Previous: -165.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
27
27
27
27
27
27
27
27
27
27
27
27
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹15.74
-487.0% MoS
Growth-justified P/E
34.8
Growth-justified Value
₹37.93
-143.6% MoS
PEG
1.49
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
VIDYAWIRES
Small
Vidya Wires Limited
Metals
match 61
44
31.0
17.7%
+15%
WATCHLIST
BHAGYANGR
Small
Bhagyanagar India Limited
Metals
match 61
80
22.0
20.2%
+91%
DEEP VALUE
REGAAL
Small
Regaal Resources Limited
Metals
match 59
62
13.6
16.5%
+57%
UNDERVALUED
CUBEXTUB
Small
Cubex Tubings Limited
Metals
match 57
32
31.5
9.4%
-27%
WATCHLIST
BMWVENTLTD
Small
BMW Ventures Limited
Metals
match 57
51
11.0
11.5%
+65%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Arfin India Limited operates in Aluminium Products, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
75Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 78th percentile of the scored universe and 79th percentile within Metals. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
6 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
78th percentile
overall median 67 · Metals: 79th pctile, median 70 · Small: 80th pctile, median 66
Evidence depth
Financial-only
6 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
65
acceptable · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
90
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 69.8%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.5%.
- ▸3/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Arfin India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Intimation Of Dispatch Of Physical Letter To Shareholders Whose Email Id Are Not Registered With Company/Depository 25 Aug - Arfin India sends AGM notice and FY26 annual report; 34th AGM on September 19, 2026 via VC/OAVM.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 19 Jun - Arfin India received ₹300 crore domestic order from JFE Shoji India for 7,400 MT supplies till September 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Aug - Copy of newspaper advertisement regarding Notice of 34th Annual General Meeting of the company
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Aug - Copy of Newspaper Advertisement regarding Intimation of 34th AGM of the company
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 31 Jul - CRISIL reaffirmed Arfin India’s ratings at BBB/Stable and A3+ on Rs.129.21 crore bank facilities.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug - Publication of Newspaper advertisement of Unaudited Financial Result for the quarter ended June 30, 2026
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 29 Jun - CRISIL reaffirmed Arfin India’s bank facilities rating at BBB/Stable and A3+ for Rs.129.21 crore.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
AnnouncementMar 2026
Mar 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 12 May - Publication of Newspaper Advertisement for Audited Financial Result for the quarter and financial year ended March 31, 2026
Source: Bse
Annual report
Notice Of The 34Th Annual General Meeting And Annual Report For FY 2025-26 24 Aug
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.