
About Arman Financial Services
Arman Financial Services is a publicly listed company based in Ahmedabad (India) founded in 1992 by Jayendra B Patel. Auto loans are provided through financial services in India. The company has 1,269 employees. Its website armanindia.com draws about 14 thousand monthly visits. Its Indian entity Arman Financial Services Limited reported revenue of βΉ646 Cr. Arman Financial Services offers products and services including Microfinance Loans and Vehicle Finance. Its focus areas include Consumer and SME Loans, Consumer Loans, Auto Loans and Microfinance. Its competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank; 3 of its 3 listed competitors have raised funding.
Company details
Arman Financial Services was established in 1992 in Ahmedabad, India, within the financial sector. Operations focus on auto financing, where loans for vehicles are extended to eligible customers. Services are delivered primarily in the Indian market, supporting personal and commercial vehicle purchases. The company is led by founder and managing director Jayendra B Patel, with activities centered on credit provision in regional areas.
- Headquarters Ahmedabad, India
- Employees 1,269
- Founders Jayendra B Patel
- Stage Public
- SectorsFinancial Services
- Emailβ’β’β’β’β’β’β’β’
- Website armanindia.com
- Legal Name Arman Financial Services Limited
- Market Cap₹1,694 Cr
ARMANFIN · NSE
- Share Price₹1,600.10
-0.40% today
- Revenue₹646 Cr
FY 2025-26 · -11.5% YoY
- EBITDA₹285 Cr
Margin 44.1%
- Net Profit₹56.61 Cr
FY 2025-26 · +8.7% YoY
- P/E (TTM)10.5x
P/B 1.6x
- ROE6.3%
ROCE 11.8%
- Debt / Equity1.66
Interest cover 72.7x
- InvestorsIncofin Investment Management
& 1 more
- Employee Count1,269
Associated legal entities of Arman Financial Services
Arman Financial Services operates through Arman Financial Services Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Arman Financial Services Limited Listed CIN L55910GJ1992PLC018623 | Active | 26 Nov 1992 | Ahmedabad, Gujarat | ₹646 Cr | 1,269 | 10 | View details |
Products & Services of Arman Financial Services
Arman Financial Services offers a comprehensive portfolio of products and services, including Microfinance Loans and Vehicle Finance.
Group loans for income generation to low-income customers in India.
Financing options for two-wheelers and three-wheelers to enhance livelihoods.
Funding Insights of Arman Financial Services
- Total Rounds 3
- First Round $3M
(Nov 2011)
- Investors Count 2
All 3 funding rounds of Arman Financial Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2024 | Post-IPO | β | β | β | |
| Apr 2018 | $8.69M | Post-IPO | β | β | |
| Nov 2011 | $3M | Post-IPO | β | β |
2 investors in total: 2 institutional.
Investors in Arman Financial Services
Arman Financial Services has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Incofin Investment Management and Elevation Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Impact investing in agriculture, water access, and microfinance across emerging markets. | 2001 | incofin.com | Antwerp, Belgium |
Investor details for Arman Financial Services
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Arman Financial Services Limited (Arman Financial Services)
Arman Financial Services Limited is the primary company behind Arman Financial Services. The board of Arman Financial Services Limited currently have 8 directors; the longest-serving is Ritaben Jayendrabhai Patel, appointed in 1992. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ritaben Jayendrabhai Patel DIN 00011818 | Director | 26 Nov 1992 | 33 yrs 11 mo | Arman Financial Services Limited |
| Jayendrabhai Bhailalbhai Patel DIN 00011814 | Whole-time director | 28 Aug 1995 | 31 yrs 2 mo | Arman Financial Services Limited |
| Aakash Jayendrabhai Patel DIN 02778878 | Director | 24 Oct 2000 | 26 yrs | Arman Financial Services Limited |
| Aalok Jayendra Patel DIN 02482747 | Managing Director | 30 Jan 2007 | 19 yrs 9 mo | Arman Financial Services Limited |
| Alok Prasad DIN 00080225 | Director | 01 Aug 2018 | 8 yrs 3 mo | Arman Financial Services Limited |
| Geeta Haresh Solanki DIN 08212773 | Director | 01 Apr 2020 | 6 yrs 7 mo | Arman Financial Services Limited |
| Yash Kaushik Shah DIN 02155636 | Director | 02 Sep 2021 | 5 yrs 2 mo | Arman Financial Services Limited |
| Pinakin Surendrai Shah DIN 00007695 | Director | 14 Aug 2024 | 2 yrs 2 mo | Arman Financial Services Limited |
People of Arman Financial Services
10 people are tracked at Arman Financial Services (3 in leadership, 6 in board & advisors, 1 in team); the tracked headcount is 1,269.
| Name | Role | Group |
|---|---|---|
| Founder & MD | Leadership | |
Alok J. Patel | Joint Managing Director | Leadership |
Rupesh Trivedi | Product Head - Micro LAP | Leadership |
| Chairman | Board & advisors | |
Ramakant Nagpal | Director | Board & advisors |
Mridul Arora | Nominee Director | Board & advisors |
| Independent Director | Board & advisors | |
| Director | Board & advisors | |
| Director | Board & advisors | |
Vishwajit Vala | Legal Manager | Team |
Complete people profiles for Arman Financial Services
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Arman Financial Services
Arman Financial Services is a publicly listed company on the NSE with ticker symbol ARMANFIN in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date14 Jun 2016
- Listed onNSE: ARMANFIN
- Listed entityArman Financial Services Limited
- Exchange sectorFinance
- ISININE109C01017
- Share price₹1,655.70 (-1.24% on the day) · 2026-10-14
- Market capitalisation₹1,770 Cr
- Price to earnings15.0
- EPS (diluted, trailing year)₹110.05
- Volume (last session)13,765
Financials of Arman Financial Services
Exchange-reported figures of Arman Financial Services Limited, the listed company behind Arman Financial Services (NSE: ARMANFIN).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 646 | 730 | 661 | 424 | 235 | 195 | 214 |
| Revenue growth | -11.5% | +10.4% | +56.0% | +80.4% | +20.5% | -8.9% | - |
| EBITDA | 285 | 311 | 495 | 298 | 136 | 91.81 | 142 |
| EBITDA margin | +44.1% | +42.6% | +74.9% | +70.4% | +57.8% | +47.1% | +66.3% |
| Profit before tax | 77.36 | 69.09 | 228 | 125 | 45.54 | 11.75 | 53.77 |
| Net profit | 56.61 | 52.07 | 174 | 93.82 | 31.75 | 10.60 | 41.51 |
| Net profit margin | +8.8% | +7.1% | +26.2% | +22.1% | +13.5% | +5.4% | +19.4% |
| EPS (βΉ) | 53.84 | 49.64 | 165.67 | 110.47 | 37.36 | 12.51 | 49.13 |
| Balance sheet | |||||||
| Total assets | 2,709 | 2,107 | 2,538 | 1,970 | 1,202 | 908 | 870 |
| Net worth | 933 | 874 | 813 | 366 | 213 | 187 | 172 |
| Total debt | 1,776 | 1,232 | 1,725 | 1,604 | 990 | 721 | 698 |
| Cash & bank | 399 | 403 | 525 | 430 | 142 | 168 | 96.84 |
| Net working capital | 347 | 327 | 471 | 392 | 117 | 145 | 78.61 |
| Cash flow | |||||||
| Cash from operations | (476) | 493 | (302) | (718) | (281) | 5.91 | (75.75) |
| Cash from investing | (49.68) | (48.80) | 18.38 | (12.62) | (1.97) | 1.52 | 1.90 |
| Cash from financing | 546 | (495) | 376 | 681 | 270 | 22.20 | 93.82 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 235 | 202 | 176 | 160 | 159 | 151 | 199 | 165 |
| Revenue growth (YoY) | +47.4% | +33.6% | -11.9% | -2.9% | -12.3% | -18.1% | - | - |
| Other income | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 143 | 122 | 95.23 | 79.73 | 68.01 | 41.49 | 64.88 | 50.55 |
| EBITDA margin | +60.9% | +60.4% | +54.2% | +49.8% | +42.7% | +27.5% | +32.5% | +30.7% |
| Depreciation | 0.66 | 0.47 | 0.37 | 0.43 | 0.45 | 0.44 | 0.48 | 0.46 |
| Interest | 73.17 | 64.28 | 52.78 | 50.80 | 49.61 | 52.22 | 51.75 | 56.98 |
| Profit before tax | 69.15 | 57.17 | 42.08 | 28.50 | 17.95 | (11.17) | 12.65 | (6.89) |
| Tax | 17.68 | 11.99 | 1.07 | 6.32 | 9.94 | 3.41 | (0.11) | 0.37 |
| Net profit | 51.47 | 45.18 | 41.01 | 22.18 | 8.01 | (14.58) | 12.76 | (7.26) |
| EPS (βΉ) | 48.85 | 42.69 | 38.82 | 20.99 | 7.55 | (13.79) | 12.07 | (6.88) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 216 | 182 | 134 | 94.39 | 63.26 | 60.60 | 67.11 |
| Revenue growth | +18.6% | +36.2% | +41.5% | +49.2% | +4.4% | -9.7% | - |
| EBITDA | 111 | 98.95 | 89.59 | 66.81 | 36.55 | 26.95 | 42.26 |
| EBITDA margin | +51.2% | +54.4% | +67.1% | +70.8% | +57.8% | +44.5% | +63.0% |
| Profit before tax | 54.07 | 58.01 | 48.34 | 37.59 | 21.30 | 9.40 | 22.83 |
| Net profit | 40.61 | 43.18 | 37.92 | 28.36 | 16.24 | 8.00 | 18.24 |
| Net profit margin | +18.8% | +23.7% | +28.4% | +30.1% | +25.7% | +13.2% | +27.2% |
| EPS (βΉ) | 38.63 | 41.15 | 36.17 | 33.40 | 19.12 | 9.42 | 21.58 |
| Balance sheet | |||||||
| Total assets | 1,355 | 997 | 826 | 551 | 319 | 281 | 291 |
| Net worth | 632 | 586 | 535 | 229 | 141 | 128 | 121 |
| Total debt | 723 | 411 | 291 | 322 | 178 | 153 | 171 |
| Cash & bank | 146 | 73.79 | 139 | 65.39 | 38.58 | 66.85 | 5.95 |
| Net working capital | 135 | 60.69 | 132 | 53.47 | 32.13 | 59.70 | 3.95 |
| Cash flow | |||||||
| Cash from operations | (174) | (96.48) | (86.30) | (136) | (15.74) | 66.45 | (8.14) |
| Cash from investing | (71.07) | (92.19) | (77.30) | (99.63) | (27.34) | 0.22 | (10.05) |
| Cash from financing | 315 | 124 | 232 | 206 | 25.04 | (17.82) | 13.79 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 67.90 | 65.87 | 60.16 | 53.63 | 51.74 | 50.25 | 50.56 | 45.02 |
| Revenue growth (YoY) | +31.2% | +31.1% | +19.0% | +19.1% | +17.3% | +19.1% | - | - |
| Other income | 0.02 | 0.09 | 0.20 | 0.34 | 0.36 | 0.53 | 4.24 | (0.11) |
| Total expenses | 25.32 | 27.26 | 29.23 | 27.28 | 26.10 | 23.12 | 25.64 | 20.83 |
| EBITDA | 42.58 | 38.61 | 30.93 | 26.35 | 25.64 | 27.13 | 24.92 | 24.19 |
| EBITDA margin | +62.7% | +58.6% | +51.4% | +49.1% | +49.6% | +54.0% | +49.3% | +53.7% |
| Depreciation | 0.16 | 0.13 | 0.10 | 0.10 | 0.11 | 0.09 | 0.10 | 0.09 |
| Interest | 19.08 | 19.79 | 17.23 | 13.99 | 13.82 | 11.99 | 11.83 | 10.52 |
| Profit before tax | 23.36 | 18.78 | 13.80 | 12.60 | 12.07 | 15.58 | 17.23 | 13.47 |
| Tax | 5.99 | 4.18 | 3.96 | 3.21 | 3.16 | 3.13 | 4.43 | 3.60 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 235 | 202 | 176 | 160 | 159 | 151 | 199 | 165 |
| Revenue growth (YoY) | +47.4% | +33.6% | -11.9% | -2.9% | -12.3% | -18.1% | - | - |
| Other income | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 143 | 122 | 95.23 | 79.73 | 68.01 | 41.49 | 64.88 | 50.55 |
| EBITDA margin | +60.9% | +60.4% | +54.2% | +49.8% | +42.7% | +27.5% | +32.5% | +30.7% |
| Depreciation | 0.66 | 0.47 | 0.37 | 0.43 | 0.45 | 0.44 | 0.48 | 0.46 |
| Interest | 73.17 | 64.28 | 52.78 | 50.80 | 49.61 | 52.22 | 51.75 | 56.98 |
| Profit before tax | 69.15 | 57.17 | 42.08 | 28.50 | 17.95 | (11.17) | 12.65 | (6.89) |
| Tax | 17.68 | 11.99 | 1.07 | 6.32 | 9.94 | 3.41 | (0.11) | 0.37 |
| Net profit | 51.47 | 45.18 | 41.01 | 22.18 | 8.01 | (14.58) | 12.76 | (7.26) |
| EPS (βΉ) | 48.85 | 42.69 | 38.82 | 20.99 | 7.55 | (13.79) | 12.07 | (6.88) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 646 | 730 | 661 | 424 | 235 | 195 | 214 |
| Revenue growth | -11.5% | +10.4% | +56.0% | +80.4% | +20.5% | -8.9% | - |
| Other income | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.02 | 1.12 |
| Total expenses | 361 | 419 | 166 | 126 | 99.07 | 103 | 72.20 |
| Employee cost | 150 | 112 | 71.59 | 54.65 | 41.85 | 35.57 | 36.46 |
| EBITDA | 285 | 311 | 495 | 298 | 136 | 91.81 | 142 |
| EBITDA margin | +44.1% | +42.6% | +74.9% | +70.4% | +57.8% | +47.1% | +66.3% |
| Depreciation | 1.69 | 1.79 | 1.42 | 1.15 | 0.95 | 0.81 | 0.80 |
| Interest | 206 | 240 | 266 | 172 | 89.45 | 79.27 | 88.38 |
| Profit before tax | 77.36 | 69.09 | 228 | 125 | 45.54 | 11.75 | 53.77 |
| Tax | 20.75 | 17.02 | 54.52 | 31.14 | 13.79 | 1.15 | 12.26 |
| Net profit | 56.61 | 52.07 | 174 | 93.82 | 31.75 | 10.60 | 41.51 |
| Net profit margin | +8.8% | +7.1% | +26.2% | +22.1% | +13.5% | +5.4% | +19.4% |
| EPS (βΉ) | 53.84 | 49.64 | 165.67 | 110.47 | 37.36 | 12.51 | 49.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.51 | 10.49 | 10.48 | 10.86 | 8.49 | 8.49 | 8.45 |
| Reserves & surplus | 923 | 864 | 802 | 293 | 204 | 178 | 164 |
| Shareholders' funds (net worth) | 933 | 874 | 813 | 366 | 213 | 187 | 172 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1,778 | 1,233 | 1,718 | 1,554 | 972 | 711 | 689 |
| Unsecured loans | (2.22) | (0.29) | 7.26 | 50.06 | 18.07 | 10.28 | 8.77 |
| Total debt | 1,776 | 1,232 | 1,725 | 1,604 | 990 | 721 | 698 |
| Total liabilities | 2,709 | 2,107 | 2,538 | 1,970 | 1,202 | 908 | 870 |
| Assets | |||||||
| Gross block | 40.25 | 38.00 | 12.83 | 11.72 | 9.34 | 7.59 | 7.15 |
| Net block | 31.62 | 31.05 | 7.66 | 6.10 | 4.88 | 4.07 | 4.44 |
| Capital work in progress | 2.56 | 0.20 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 |
| Investments | 92.46 | 38.97 | 7.12 | 19.48 | 5.92 | 3.18 | 3.26 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 399 | 403 | 525 | 430 | 142 | 168 | 96.84 |
| Loans & advances | 37.14 | 44.06 | 43.49 | 30.09 | 14.13 | 8.74 | 7.94 |
| Total current assets | 436 | 447 | 568 | 460 | 156 | 177 | 105 |
| Total current liabilities | 88.76 | 121 | 97.44 | 68.06 | 39.02 | 32.17 | 26.17 |
| Net working capital | 347 | 327 | 471 | 392 | 117 | 145 | 78.61 |
| Total assets | 2,709 | 2,107 | 2,538 | 1,970 | 1,202 | 908 | 870 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 67.75 | 119 | 26.22 | 75.53 | 87.92 | 58.29 | 38.32 |
| Net cash from operating activities | (476) | 493 | (302) | (718) | (281) | 5.91 | (75.75) |
| Net cash from investing activities | (49.68) | (48.80) | 18.38 | (12.62) | (1.97) | 1.52 | 1.90 |
| Net cash from financing activities | 546 | (495) | 376 | 681 | 270 | 22.20 | 93.82 |
| Net change in cash | 20.03 | (50.84) | 92.37 | (49.31) | (12.39) | 29.63 | 19.97 |
| Closing cash | 399 | 403 | 525 | 430 | 142 | 168 | 96.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -11.5% | +10.4% | +56.0% | +80.4% | +20.5% | -8.9% | - |
| EBITDA growth | -8.3% | -37.3% | +66.0% | +119.5% | +48.1% | -35.3% | - |
| PBT growth | +12.0% | -69.7% | +82.5% | +174.4% | +287.6% | -78.2% | +48.4% |
| Net income growth | +8.7% | -70.0% | +85.0% | +195.5% | +199.5% | -74.5% | - |
| Revenue CAGR (3Y) | +15.1% | +45.9% | +50.3% | +25.6% | +19.0% | +35.7% | +58.7% |
| EBITDA CAGR (3Y) | -1.5% | +31.7% | +75.4% | +28.1% | +12.5% | +27.4% | +61.5% |
| Profitability & leverage | |||||||
| Net income margin | +8.8% | +7.1% | +26.2% | +22.1% | +13.5% | +5.4% | +19.4% |
| Return on capital employed | +11.8% | +13.3% | +21.9% | +18.7% | +12.8% | +10.2% | +17.7% |
| Return on net worth | +6.3% | +6.2% | +29.5% | +32.6% | +15.9% | +5.9% | +28.1% |
| Debt / equity | 1.66 | 1.75 | 2.83 | 4.49 | 4.28 | 3.95 | 4.43 |
| Long-term debt / equity | 1.54 | 1.59 | 2.48 | 4.15 | 4.10 | 3.72 | 4.22 |
| Interest cover | 72.70 | 77.64 | 53.83 | 57.96 | 66.26 | 87.11 | 62.67 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 16.51 | 28.72 | 53.89 | 40.26 | 27.76 | 26.46 | 34.23 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (βΉ) | 53.84 | 49.64 | 165.67 | 110.47 | 37.36 | 12.51 | 49.13 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 887.80 | 833.53 | 775.70 | 355.45 | 250.47 | 220.02 | 203.80 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 67.90 | 65.87 | 60.16 | 53.63 | 51.74 | 50.25 | 50.56 | 45.02 |
| Revenue growth (YoY) | +31.2% | +31.1% | +19.0% | +19.1% | +17.3% | +19.1% | - | - |
| Other income | 0.02 | 0.09 | 0.20 | 0.34 | 0.36 | 0.53 | 4.24 | (0.11) |
| Total expenses | 25.32 | 27.26 | 29.23 | 27.28 | 26.10 | 23.12 | 25.64 | 20.83 |
| EBITDA | 42.58 | 38.61 | 30.93 | 26.35 | 25.64 | 27.13 | 24.92 | 24.19 |
| EBITDA margin | +62.7% | +58.6% | +51.4% | +49.1% | +49.6% | +54.0% | +49.3% | +53.7% |
| Depreciation | 0.16 | 0.13 | 0.10 | 0.10 | 0.11 | 0.09 | 0.10 | 0.09 |
| Interest | 19.08 | 19.79 | 17.23 | 13.99 | 13.82 | 11.99 | 11.83 | 10.52 |
| Profit before tax | 23.36 | 18.78 | 13.80 | 12.60 | 12.07 | 15.58 | 17.23 | 13.47 |
| Tax | 5.99 | 4.18 | 3.96 | 3.21 | 3.16 | 3.13 | 4.43 | 3.60 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 216 | 182 | 134 | 94.39 | 63.26 | 60.60 | 67.11 |
| Revenue growth | +18.6% | +36.2% | +41.5% | +49.2% | +4.4% | -9.7% | - |
| Other income | 1.43 | 3.42 | 4.72 | 1.75 | 2.96 | 2.95 | 2.99 |
| Total expenses | 105 | 82.93 | 43.92 | 27.58 | 26.71 | 33.65 | 24.85 |
| Employee cost | 56.65 | 36.95 | 24.58 | 17.65 | 12.80 | 11.66 | 13.23 |
| EBITDA | 111 | 98.95 | 89.59 | 66.81 | 36.55 | 26.95 | 42.26 |
| EBITDA margin | +51.2% | +54.4% | +67.1% | +70.8% | +57.8% | +44.5% | +63.0% |
| Depreciation | 0.40 | 0.37 | 0.19 | 0.13 | 0.10 | 0.10 | 0.11 |
| Interest | 57.48 | 43.99 | 45.78 | 30.84 | 18.11 | 20.40 | 22.31 |
| Profit before tax | 54.07 | 58.01 | 48.34 | 37.59 | 21.30 | 9.40 | 22.83 |
| Tax | 13.46 | 14.83 | 10.45 | 9.23 | 5.06 | 1.40 | 4.59 |
| Net profit | 40.61 | 43.18 | 37.92 | 28.36 | 16.24 | 8.00 | 18.24 |
| Net profit margin | +18.8% | +23.7% | +28.4% | +30.1% | +25.7% | +13.2% | +27.2% |
| EPS (βΉ) | 38.63 | 41.15 | 36.17 | 33.40 | 19.12 | 9.42 | 21.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.51 | 10.49 | 10.48 | 72.32 | 8.49 | 8.49 | 8.45 |
| Reserves & surplus | 622 | 575 | 524 | 157 | 132 | 119 | 112 |
| Shareholders' funds (net worth) | 632 | 586 | 535 | 229 | 141 | 128 | 121 |
| Secured loans | 727 | 385 | 290 | 300 | 174 | 149 | 167 |
| Unsecured loans | (4.52) | 26.73 | 1.28 | 22.52 | 3.86 | 4.26 | 3.65 |
| Total debt | 723 | 411 | 291 | 322 | 178 | 153 | 171 |
| Total liabilities | 1,355 | 997 | 826 | 551 | 319 | 281 | 291 |
| Assets | |||||||
| Gross block | 27.10 | 26.69 | 2.72 | 2.30 | 2.15 | 2.00 | 1.96 |
| Net block | 25.42 | 25.41 | 1.80 | 0.84 | 0.82 | 0.77 | 0.83 |
| Capital work in progress | 2.56 | 0.20 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 |
| Investments | 421 | 351 | 281 | 196 | 93.04 | 65.19 | 62.37 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 146 | 73.79 | 139 | 65.39 | 38.58 | 66.85 | 5.95 |
| Loans & advances | 5.62 | 5.99 | 14.93 | 4.20 | 2.01 | 2.35 | 3.73 |
| Total current assets | 152 | 79.78 | 154 | 69.59 | 40.59 | 69.20 | 9.68 |
| Total current liabilities | 17.19 | 19.09 | 22.23 | 16.12 | 8.46 | 9.50 | 5.73 |
| Net working capital | 135 | 60.69 | 132 | 53.47 | 32.13 | 59.70 | 3.95 |
| Total assets | 1,355 | 997 | 826 | 551 | 319 | 281 | 291 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 4.81 | 69.52 | 1.44 | 31.02 | 49.07 | 0.21 | 4.61 |
| Net cash from operating activities | (174) | (96.48) | (86.30) | (136) | (15.74) | 66.45 | (8.14) |
| Net cash from investing activities | (71.07) | (92.19) | (77.30) | (99.63) | (27.34) | 0.22 | (10.05) |
| Net cash from financing activities | 315 | 124 | 232 | 206 | 25.04 | (17.82) | 13.79 |
| Net change in cash | 70.03 | (64.71) | 68.08 | (29.58) | (18.05) | 48.86 | (4.40) |
| Closing cash | 146 | 73.79 | 139 | 65.39 | 38.58 | 66.85 | 5.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +18.6% | +36.2% | +41.5% | +49.2% | +4.4% | -9.7% | - |
| EBITDA growth | +11.7% | +10.5% | +34.1% | +82.8% | +35.6% | -36.2% | - |
| PBT growth | -6.8% | +20.0% | +28.6% | +76.5% | +126.6% | -58.8% | +45.6% |
| Net income growth | -6.0% | +13.9% | +33.7% | +74.6% | +103.0% | -56.1% | - |
| Revenue CAGR (3Y) | +31.7% | +42.2% | +30.1% | +12.0% | +10.7% | +30.4% | +59.4% |
| EBITDA CAGR (3Y) | +18.3% | +39.4% | +49.3% | +16.5% | +6.7% | +20.4% | +69.5% |
| Profitability & leverage | |||||||
| Net income margin | +18.8% | +23.7% | +28.4% | +30.1% | +25.7% | +13.2% | +27.2% |
| Return on capital employed | +9.5% | +11.2% | +13.7% | +15.7% | +13.1% | +10.4% | +16.4% |
| Return on net worth | +6.7% | +7.7% | +10.8% | +18.5% | +12.1% | +6.4% | +16.9% |
| Debt / equity | 0.93 | 0.63 | 0.80 | 1.35 | 1.23 | 1.30 | 1.54 |
| Long-term debt / equity | 0.84 | 0.54 | 0.67 | 1.15 | 1.03 | 1.06 | 1.27 |
| Interest cover | 52.20 | 44.62 | 51.21 | 46.25 | 49.68 | 75.98 | 52.93 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 8.08 | 12.60 | 55.07 | 43.21 | 31.91 | 32.10 | 37.19 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (βΉ) | 38.63 | 41.15 | 36.17 | 33.40 | 19.12 | 9.42 | 21.58 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 601.59 | 558.41 | 510.54 | 194.92 | 165.99 | 150.60 | 142.87 |
Timeline of Arman Financial Services
4 dated milestones of Arman Financial Services across 32 years, from founding to its latest funding, stage changes and deals.
- Founded Arman Financial Services is founded.
- Funding First funding round of $3.0M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO,.
Competitors of Arman Financial Services
Arman Financial Services has 3 listed competitors in our database, 3 of them funded. They include ESAF, Satin Creditcare and Fincare Small Finance Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| esafbank.com | 1992 | Thrissur, India | $101.74M | 6,194 | Microfinance banking services are offered in India by ESAF. | |
| satincreditcare.com | 1990 | Delhi, India | $40M | 15,350 | Micro loans for businesses are offered by this NBFC. | |
| fincarebank.com | 2007 | Bengaluru, India | $174.84M | 12,894 | Micro-finance bank |
Detailed competitors of Arman Financial Services
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Web traffic of Arman Financial Services
The website of Arman Financial Services (armanindia.com) receives about 13.8K visits a month.
- Monthly visits13.8K
▼ 26.8% vs previous month
Websites whose visitors overlap most with Arman Financial Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vlsfinance.com | 100% | 5.1K | #3,932,987 | View details | |
| jisort.com | 82% | #3,262,320 | View details |
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Arman Financial Services (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 204.93 M | 1,634 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 167 |
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Related news about Arman Financial Services
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Frequently Asked Questions about Arman Financial Services
Arman Financial Services was founded in 1992 and raised its 1st funding round 19 years after it was founded.
Arman Financial Services is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Arman Financial Services has 1,269 employees.
The primary company behind Arman Financial Services, Arman Financial Services Limited, reported revenue of βΉ646 Cr for FY 2026, down 12% year on year.
Arman Financial Services was established in 1992 in Ahmedabad, India, within the financial sector. Operations focus on auto financing, where loans for vehicles are extended to eligible customers. Services are delivered primarily in the Indian market, supporting personal and commercial vehicle purchases. The company is led by founder and managing director Jayendra B Patel, with activities centered on credit provision in regional areas.
Arman Financial Services's top competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank.
Arman Financial Services offers Microfinance Loans and Vehicle Finance.
Yes, Arman Financial Services is publicly traded on NSE under the ticker symbol ARMANFIN.
Arman Financial Services has 2 investors. Key investors include Incofin Investment Management, and Elevation Capital.
Arman Financial Services operates through Arman Financial Services Limited.
The legal entities of Arman Financial Services currently have 10 directors, including Yash Kaushik Shah, Ritaben Jayendrabhai Patel, Aakash Jayendrabhai Patel and others.
