Arfin India Ltd
NSE: ARFIN BSE: 539151
Arfin India Ltd (ARFIN) is a Diversified company listed on NSE: ARFIN | BSE: 539151. With a market cap of ₹1,470 Cr and ROCE of 14%, ROE of 8.36%, it operates in the Indian Diversified sector.
₹87.1
52W: ₹23.1 — ₹106
PE 108 · Book ₹9.99 · +772% vs bookMarket Cap₹1,470 Cr
Stock P/E108Price to Earnings
ROCE14%Return on Capital
ROE8.36%Return on Equity
Div. Yield0.12%Face Value ₹1
Strengths
- +Debtor days have improved from 29.0 to 19.4 days.
Weaknesses
- −Stock is trading at 8.76 times its book value
- −Company has a low return on equity of 8.12% over last 3 years.
- −Dividend payout has been low at 4.55% of profits over last 3 years
- −Promoter holding has decreased over last 3 years: -4.34%
Shareholding Pattern
Promoters69.77%
FIIs1.54%
DIIs0%
Public28.64%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 69.79% | 69.79% | 69.79% | 69.79% | 69.79% | 69.79% | 69.77%▼0.0 | 69.77% |
| FIIs | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% | 2.64%▲0.2 | 2.68%▲0.0 | 1.54%▼1.1 |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 27.73% | 27.73% | 27.6%▼0.1 | 27.61%▲0.0 | 27.75%▲0.1 | 27.53%▼0.2 | 27.53% | 28.64%▲1.1 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 115.44 | 136.8 | 132.9 | 149.11 | 180.37 | 153.37 | 108.86 | 128.04 | 196.41 | 191.7 |
| Expenses | 108.19 | 128.52 | 123.81 | 139.43 | 169.43 | 146.78 | 102.26 | 119.22 | 182.86 | 177.24 |
| Operating Profit | 7.25 | 8.28 | 9.09 | 9.68 | 10.94 | 6.59 | 6.6 | 8.82 | 13.55 | 14.46 |
| OPM % | 6.28% | 6.05% | 6.84% | 6.49% | 6.07% | 4.3% | 6.06% | 6.89% | 6.9% | 7.54% |
| Net Profit | 1.99 | 2.18 | 3.01 | 2.58 | 3.03 | 0.54 | 1.08 | 2.05 | 4.82 | 5.71 |
| EPS ₹ | 0.13 | 0.14 | 0.18 | 0.15 | 0.18 | 0.03 | 0.06 | 0.12 | 0.29 | 0.34 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹625Cr, up 1.5% YoY. OPM at 7%.
Debt Position
Borrowings at ₹129Cr. Debt-to-equity ratio: 0.85x. Moderate leverage.
Institutional Flow
DIIs: 0% (+0.00pp change). FIIs: 1.54% (+1.54pp change). Promoters hold 69.77%.
Margin & Efficiency
ROCE declining from 24% (Mar 2015) to 14% (Mar 2026). Working capital days: 60.
Valuation
PE 108x with 14% ROCE. Price is 772% above book value of ₹9.99. Dividend yield: 0.12%.
Recent Announcements
- Clarification Letter For Clerical And Typographical Error In The Confirmation Pertaining To Non-Applicability Of Large Corporate Entity 14 May - Arfin India corrects large-corporate disclosure; outstanding long-term borrowings are Rs 4.61 crore as of March 31, 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
- Audited Financial Results For The Year Ended March 31, 2026 11 May - Board approved FY26 audited standalone and consolidated results; unmodified audit opinion; reappointed internal and cost auditors.
- Board Meeting Outcome for Outcome Of The Meeting Of The Board Held On Monday, May 11, 2026 11 May - Board approved FY26 audited standalone and consolidated results; profit rose, unmodified audit opinion received.
- Board Meeting Intimation for The Approval Of Audited Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2026 5 May - Board meeting on May 11, 2026 to approve audited FY26 standalone and consolidated results.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse