Arman Financial Services Ltd

Arman Financial Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Arman Financial Services Ltd

₹ 1,244 -0.99%
22 Nov - close price
armanindia.com BSE: 531179 NSE: ARMANFIN
About

Arman Financial Service Ltd is an RBI-registered category ‘A’ Non-Banking Finance Company. They provide loans to the unorganized sector residing in rural and semi-rural locales across six states with around 400 branches that cater to about 7.6 lakh customers.
Headquartered in Ahmedabad, Gujarat. Arman and its subsidiary provide three financial services, Two-Wheeler Finance, Group-Based Microfinance, and Micro-Enterprise (MSME) Loans. [1]

Key Points

Business Segments
Consolidated AUM
AUM 2437 Cr in Q3FY24 vs 1654 Cr in Q3FY23
Microfinance-
AUM 2046 Cr in Q3FY24 vs 1367 Cr in Q3FY23. [1] Namra, a wholly-owned subsidiary of Arman, which manages the Microfinance division was the first company in India to be granted the NBFC-MFI license in 2013. [2]
This Segment provides small loans to women for livelihood promotion without collateral for agriculture and allied business, livestock farming, dairy, small kirana stores. It operates in 10 states, with 394 branches, ~7.6 lakh live customers. [3]

Website BSE NSE
  • Market Cap ₹ 1,305 Cr.
  • Current Price ₹ 1,244
  • High / Low ₹ 2,680 / 1,174
  • Stock P/E 31.5
  • Book Value ₹ 535
  • Dividend Yield 0.00 %
  • ROCE 13.7 %
  • ROE 10.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 25.2% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 22.1%
  • Company has a low return on equity of 12.9% over last 3 years.
  • Contingent liabilities of Rs.1,230 Cr.
  • Promoter holding has decreased over last 3 years: -5.38%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

Part of BSE Financial Services BSE Allcap BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 13.42 15.28 19.74 21.45 21.62 23.69 27.64 29.38 33.78 32.61 37.74 42.18 44.12
Interest 4.58 5.05 4.14 5.84 6.02 9.39 9.44 11.13 11.54 12.31 10.58 9.43 11.78
6.99 5.76 6.85 7.56 5.58 6.30 8.30 8.88 9.70 10.52 12.97 16.76 20.14
Financing Profit 1.85 4.47 8.75 8.05 10.02 8.00 9.90 9.37 12.54 9.78 14.19 15.99 12.20
Financing Margin % 13.79% 29.25% 44.33% 37.53% 46.35% 33.77% 35.82% 31.89% 37.12% 29.99% 37.60% 37.91% 27.65%
0.72 1.30 1.28 0.64 0.49 0.79 -0.17 0.88 0.93 1.30 -0.45 0.27 -0.98
Depreciation 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.07 0.08 0.09
Profit before tax 2.55 5.74 10.00 8.66 10.48 8.76 9.70 10.21 13.43 11.04 13.67 16.18 11.13
Tax % 20.00% 22.13% 23.70% 22.40% 24.62% 23.52% 27.32% 20.96% 33.88% 15.31% 15.07% 22.25% 28.75%
2.04 4.47 7.64 6.72 7.90 6.69 7.05 8.07 8.88 9.34 11.61 12.58 7.93
EPS in Rs 2.40 5.26 9.00 7.91 9.30 7.88 8.30 9.50 10.19 9.54 11.08 12.01 7.57
Gross NPA % 7.70% 6.20% 3.91% 2.64% 2.80% 3.11% 3.03% 2.63% 2.46%
Net NPA % 1.50% 0.70% 0.29% 0.63% 0.58% 0.75% 1.01% 0.89% 0.56%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 17 18 15 16 17 27 47 67 61 63 94 134 157
Interest 6 7 6 6 5 11 16 22 20 18 31 46 44
6 6 5 6 8 12 16 25 34 27 28 42 60
Financing Profit 5 5 4 4 4 5 14 20 7 18 36 46 52
Financing Margin % 29% 28% 29% 24% 23% 17% 30% 30% 11% 29% 38% 34% 33%
-0 -0 0 -0 0 0 2 3 3 3 2 3 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 5 5 4 4 4 4 16 23 9 21 38 48 52
Tax % 30% 32% 34% 33% 34% 28% 21% 20% 15% 24% 25% 22%
3 3 3 2 2 3 12 18 8 16 28 38 41
EPS in Rs 5.89 5.98 4.86 4.35 4.37 5.61 21.50 21.58 9.42 19.11 33.39 36.18 40.20
Dividend Payout % 14% 20% 30% 39% 28% 22% 8% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 22%
5 Years: 23%
3 Years: 30%
TTM: 37%
Compounded Profit Growth
10 Years: 27%
5 Years: 25%
3 Years: 68%
TTM: 35%
Stock Price CAGR
10 Years: 33%
5 Years: 19%
3 Years: 9%
1 Year: -43%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 13%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 7 7 7 7 7 7 8 8 8 8 10 10
Reserves 17 26 27 29 31 33 89 112 119 132 157 524 550
58 43 48 38 47 101 162 171 153 178 386 291 342
2 2 2 3 3 5 6 6 10 8 16 22 16
Total Liabilities 82 77 85 76 88 146 264 297 291 327 568 848 918
1 2 2 2 2 1 1 1 1 1 1 2 25
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 0 -0 -0 -0
Investments 5 10 10 10 15 22 51 62 65 93 196 281 366
76 65 73 64 71 122 212 234 225 234 370 565 527
Total Assets 82 77 85 76 88 146 264 297 291 327 568 848 918

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-21 29 -2 8 2 -33 -76 -8 66 -16 -136 -86
-3 -5 0 -1 -5 -11 -25 -10 0 -27 -100 -77
22 -15 -0 -17 3 44 105 14 -18 25 206 232
Net Cash Flow -2 9 -2 -10 -1 0 4 -4 49 -18 -30 68

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 16% 12% 8% 7% 7% 8% 18% 17% 6% 12% 19% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
27.45% 27.45% 27.39% 27.36% 27.35% 27.31% 27.26% 26.58% 23.65% 22.09% 22.09% 22.07%
4.84% 4.94% 5.14% 5.28% 5.13% 5.04% 4.86% 3.89% 6.64% 10.20% 5.18% 4.90%
0.00% 0.09% 0.47% 0.53% 0.76% 0.76% 0.81% 0.77% 7.66% 6.29% 6.16% 5.03%
67.70% 67.52% 67.00% 66.82% 66.76% 66.89% 67.05% 68.76% 62.05% 61.41% 66.56% 68.01%
No. of Shareholders 10,0589,80410,11311,13411,05311,19612,18513,75815,68819,74521,67636,339

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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