Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Sep - Arman Financial Services Limited has informed about Schedule of meet
Source: Bse
Arman Financial Services Limited (ARMANFIN)
Small CapFinancial Services stocks · Small cap · NSE
Arman Financial Services Limited operates in Microfinance, within the Financial Services 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, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 12:58 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
38BearishSMA20 -13.1% / mo · RSI oversold · MACD −
Stock trend: 33
Sector RS: 45
Sector 3M: -5.7% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ARMANFIND candles · FIT view-4.3%Latest close ₹1484.80 on 2026-10-21
Bar
-1.8%
RSI
19
MACD hist
-21.08
52W pos
21%
2026-10-21O ₹1511.90H ₹1524.60L ₹1432.20C ₹1484.80Vol 58,216 sh
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
ARMANFINNifty Financial ServicesNifty 500
- ARMANFIN
- -25.2%
- Nifty 500
- -6.5%
- Nifty Financial Services
- -6.9%
- Vs Nifty 500
- -18.7 pp
Chart stats
21 Oct 2026- From 52W high
- -31.2%
- 52W range position
- 21%
- ATR (14)
- 4.7%
- Volume vs 20D
- 1.48x
- Avg traded value
- ₹7 Cr
- 20D price channel
- ₹1,432.2 - ₹2,004.9
₹2,158.6
₹1,301 - ₹2,158.6
₹70
Latest completed session
20-session average
42.3% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · WATCHLIST43
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average40
Revenue +33.8% · PAT NDF YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model+47.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence43
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
Average · 40/100Rev +34% YoY · +15% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹202 Cr | +33.8% | +14.8% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹45 Cr | NDF | +9.8% |
| PAT margin | 22.3% | +3221 bps | -102 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 15.90
- P/B
- 1.98
- EV/EBITDA
- 1815.00
- Market Cap
- 1854.00Cr
Profitability
- ROE
- 6.26%
- ROCE
- 11.80%
- ROA
- 4.15%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 27.00%
- EPS 5Y
- 40.00%
- Revenue 3Y
- 15.00%
- EPS 3Y
- -16.00%
Balance Sheet
- Debt/Equity
- 1.90
- Interest Coverage
- —
- Altman Z
- 1.18
- Book Value
- 888.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- -476.00 Cr
- EPS TTM
- 110.67
Shareholding
- Promoter Hold
- 22.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 53%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 202+14.8% vs prev
Net Profit
₹ CrLatest: 45.0+9.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
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
Bearish setupTrend is weak — long-term trend down. RSI 19.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~15.1% over last month) — short-term momentum negative.
- RSI(14) at 19 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 31% off 52W high · 14% 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
50
RS percentile
Stage 1 Base / Transition
1M return
-24.5%
3M return
-25.2%
6M return
-2.3%
1Y return
-9.9%
RS 1D
-1
RS 20D
-30
Sector rank
#10
Industry rank
#64
Stage evidence
- Price is 15.3% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +2.0% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 105.98-1.60%
RS vs Nifty 500106
Valuation & peers
U-Score 43 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 43 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · WATCHLISTValuation17/30
Growth22/25
Quality0/20
Balance Sheet0/15
Cash Flow3/10
Piotroski
3/9 (+1)
Penalties
0
Raw sum
43
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
43/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 47.4%.
- Growth contributes 22/25 to the score.
- Valuation contributes 17/30 to the score.
Main drags
- Altman Z is 1.2, in distress territory.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
Sector valuation model
NBFC valuation: P/B, ROA, borrowing cost, and asset quality
Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
15.9
PB
2.0
EV/EBITDA
1815.0
ROE
6.3%
ROCE
11.8%
FCF Yield
—
Debt/Equity
1.9
MoS
+47.4%
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
43
Previous: 39 (+4)
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+47.4%
Previous: +46.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
39
39
39
39
39
39
39
39
39
39
39
39
Factor attribution
Valuation
17+4
was 13
Modelled fair value
Graham Number
₹1,487.01
+0.1% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹2,822.09
+47.4% MoS
PEG
0.40
Comparable companies
Peers
Business-comparable peers in Financial Services — 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
FUSION
Small
Fusion Finance Limited
NBFC
match 166
21
16.1
0.7%
-530%
OVERVALUED
CAPTRUST
Small
Capital Trust Limited
NBFC
match 160
15
10.3
-8.2%
-510%
OVERVALUED
AYE
Small
Aye Finance Limited
NBFC
match 160
39
16.9
9.2%
+47%
WATCHLIST
CREDITACC
Small
CREDITACCESS GRAMEEN LIMITED
NBFC
match 154
33
16.3
10.5%
+36%
WATCHLIST
5PAISA
Small
5Paisa Capital Limited
NBFC
match 142
30
38.9
7.0%
-49%
OVERVALUED
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
Arman Financial Services Limited operates in Microfinance, within the Financial Services 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
43Limited 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 2nd percentile of the scored universe and 1st percentile within Financial Services. Main check: results consistency is weak at 15/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
115 docs text-extracted · 56 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
2nd percentile
overall median 67 · Financial Services: 1st pctile, median 62 · Small: 2nd pctile, median 66
Evidence depth
Financial-only
115 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
Do not rely on management narrative unless hard turnaround evidence is visible.
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
66
acceptable · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
35
weak · leverage and solvency
Discipline
40
weak · capital discipline
Results
15
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸4 years of positive FCF.
Trust risks
- ▸Operating cash flow is negative at ₹-476 Cr.
- ▸Altman Z is 1.28.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding is only 22%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Arman Financial Services Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 15 Sep - Allotment of Shares Pursuant to ESOP 2016 and ESOP Plan 2023.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Newspaper advertisement for 34th AGM and Information about e-voting published today i.e. 07-09-2026 in the newspaper viz. The Indian Express (English) and Financial Express (Gujarati)
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - Newspaper advertisement in respect of the transfer of shares to IEPFA & Information for Special window for Transfer and Dematerialization of Physical Shares.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - Newspaper advertisement in respect of the transfer of shares to IEPF & Information for and Special Window for Transfer and Dematerialization of Physical Shares
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 12 Aug - Arman Financial Services reported Q1 FY27 results: AUM ₹2,925 crore, PAT ₹45 crore, highest-ever first-quarter disbursements.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 12 Aug - Q1 FY27 results approved; 3,600 ESOPs granted; Pushpendrakumar appointed Head-Internal Audit.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Jun - Analyst/ Investor Meet Intimation for meetings dated June 10, 2026, and June 12, 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 9 Jun - Arman Financial Services appointed Interim Head-Internal Audit and reconstituted board committees effective June 9, 2026.
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.