Arfin India Limited (ARFIN)

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Arfin India Limited (ARFIN) · mywealthgrid

About

Arfin India operates aluminium in non-ferrous metals sector. Market cap ₹1,418 Cr; quarterly revenue ₹128–213 Cr; mid-market positioned.

Face value: ₹1

Market cap

₹1,472 Cr

P/E

79.9×

P/B

8.6×

Dividend yield

0.3%

ROE

9.4%

ROCE

22.2%

Debt / equity

0.76

OPM

7.5%

EPS (TTM)

₹1.1

Book value

₹10.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE 76.94 stretched against current profitability; verify sustainability if cyclical downturn persists
Margins compressed from 8.45% (Mar 2026) to 4.48% (Jun 2026); thin 7.47% average reflects commodity exposure and input-cost volatility
Net profit ranged ₹2–7 Cr quarterly with sharp swings; verify if recent compression signals structural shift or typical cycle
Aluminium commodity exposure and input-cost volatility; assess pricing power and cost-hedging practices

Generated analysis · source review pending

Growth drivers

1y return 134% from ₹32.86 low shows recovery; verify operational or market drivers underlying rebound
Revenue trended ₹128 Cr (Sep 2025) → ₹213 Cr (Jun 2026); sustained base above ₹190 Cr grows quarterly output
ROE 9.45% modest; improvement requires margin recovery or better asset efficiency — verify whether recent margin compression (8.45% → 4.48%) is cyclical or structural
Aluminium sector tailwinds (EV, renewables, aerospace) offer growth if company captures exposure; verify product mix and market positioning

Generated analysis · source review pending

956 historical price candles were omitted because the exchange source has not been verified.

₹87.3-1%1Y

Quick read

rule-based

Pros

+High return on capital employed of 22.2%
+High promoter holding of 69.8% with no pledge

Cons

−Low return on equity of 8.4% (3-yr avg)
−Thin operating margin of 7.5%
−Expensive at 79.9× trailing earnings
−Trading at 8.6× book value

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 31
Growth: 100
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	535	616	618
COGS	446	517	511
Gross profit	89	99	107
	59	63	61
	30	36	46
OPM %	5.7%	5.9%	7.5%
Depreciation	4	4	5
Interest	19	20	19
	2	2	1
Profit before tax	10	14	24
Tax	2	5	8
Tax %	15.4%	36.4%	34.8%
	8	9	15
PAT margin %	1.5%	1.5%	2.5%
EPS (₹)	0.5	0.5	0.9
EPS adjusted (₹)	0.5	0.5	0.9
Annual report	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2024	Mar 2025	Mar 2026
Equity capital	16	17	17
Reserves	80	140	153
Minority interest	—	—	0
	120	117	129
	69	71	72
Total equity & liabilities	285	344	371
	66	64	74
CWIP	0	4	0
Investments	0	0	0
	220	277	297
Total assets	285	344	371

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	5	-21	22
	-4	-8	-15
	-8	30	-8
Net cash flow	-7	0	-0
Free cash flow	1	-23	11
CFO / Operating profit %	15.4%	-58.4%	48.7%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 0%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 69%

Return on equity

7 years: —
5 years: —
3 years: 8%
Last year: 9%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	16.6%	16.1%	17.3%
EBITDA margin %	5.7%	5.9%	7.5%
EBIT margin %	4.9%	5.2%	6.7%
PAT margin %	1.5%	1.5%	2.5%
Working capital
Receivable days	36	31	18
Inventory days	122	129	159
Payable days	54	45	42
NWC days	104	115	135
Leverage
Current ratio	1.38	1.74	1.69
Debt to EBITDA	3.96	3.22	2.8
Debt to equity	1.24	0.75	0.76
Interest coverage	1.5	1.7	2.3
Asset turnover	1.88	1.79	1.66
Return ratios
Return on assets %	2.9%	2.7%	4.2%
Return on capital employed %	22.4%	21.9%	22.2%
Return on equity %	8.5%	5.8%	9.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.11%	74.09%	69.79%	69.79%	69.79%	69.79%	69.79%	69.79%	69.79%	69.77%	69.77%	69.77%
	0.95%	2.56%	2.41%	2.41%	2.41%	2.41%	2.41%	2.41%	2.64%	2.68%	1.54%	0.79%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0.04%	0.04%	0.04%	0.04%
	24.94%	23.35%	27.8%	27.8%	27.8%	27.8%	27.8%	27.8%	27.53%	27.51%	28.65%	29.4%
No. of shareholders	—	—	—	—	—	—	—	—	9,868	11,014	11,976	13,548

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Arfin India Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

59 announcementsExport CSV

28 Sept 2026, 2:12 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	16.6%	16.1%	17.3%
EBITDA margin %	5.7%	5.9%	7.5%
EBIT margin %	4.9%	5.2%	6.7%
PAT margin %	1.5%	1.5%	2.5%
Working capital
Receivable days	36	31	18
Inventory days	122	129	159
Payable days	54	45	42
NWC days	104	115	135
Leverage
Current ratio	1.38	1.74	1.69
Debt to EBITDA	3.96	3.22	2.8
Debt to equity	1.24	0.75	0.76
Interest coverage	1.5	1.7	2.3
Asset turnover	1.88	1.79	1.66
Return ratios
Return on assets %	2.9%	2.7%	4.2%
Return on capital employed %	22.4%	21.9%	22.2%
Return on equity %	8.5%	5.8%	9.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Vedanta Aluminium Metal LimitedVAMLVAML	₹1,57,491 Cr	₹1,57,491 Cr	₹0 Cr	₹-0 Cr	—	₹-0 Cr	—	—	—	—
National Aluminium Company LimitedNATIONALUMNATIONALUM	₹61,508 Cr	₹61,508 Cr	₹19,338 Cr	₹9,162 Cr	44.5%	₹6,751 Cr	32.5%	36.8%	29.4%	152
Arfin India LimitedARFINARFIN	₹1,472 Cr	₹1,601 Cr	₹722 Cr	₹50 Cr	7.5%	₹18 Cr	2.5%	22.2%	9.4%	135
Maan Aluminium LimitedMAANALUMAANALU	₹596 Cr	₹650 Cr	₹829 Cr	₹21 Cr	2.5%	₹14 Cr	1.6%	9.5%	5.8%	64
Msafe Equipments LtdMSAFEMSAFE	₹540 Cr	—	₹104 Cr	₹41 Cr	39.5%	₹22 Cr	21.7%	—	—	—
PG Foils LtdPGFOILQPGFOILQ	₹235 Cr	₹377 Cr	₹491 Cr	₹13 Cr	-1.7%	₹24 Cr	-2.6%	1.1%	-2.5%	256
Manaksia Aluminium Company LimitedMANAKALUCOMANAKALUCO	₹221 Cr	₹462 Cr	₹569 Cr	₹50 Cr	8.4%	₹9 Cr	1.3%	18.2%	5.4%	124
Palco Metals LtdPALCOPALCO	₹73 Cr	₹74 Cr	₹0 Cr	₹0 Cr	—	₹-0 Cr	—	-1.1%	-5.2%	—
Hind Aluminium Industries LtdHINDALUMIHINDALUMI	₹57 Cr	—	₹1 Cr	₹-5 Cr	-379%	₹16 Cr	—	8.9%	22.4%	88
Sacheta Metals LtdSACHEMTSACHEMT	₹46 Cr	₹65 Cr	₹92 Cr	₹4 Cr	4.5%	₹2 Cr	2.4%	7.4%	3.9%	141
Sudal Industries LtdSUDAISUDAI	₹45 Cr	₹61 Cr	₹82 Cr	₹6 Cr	6.5%	₹-14 Cr	-0.5%	16.3%	-3.7%	25
Jivial Industries LtdJIVIALJIVIAL	₹37 Cr	—	₹18 Cr	₹5 Cr	27.5%	₹4 Cr	21.3%	—	—	—

7 deals · 15 Jul 2022 – 12 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
12 May 2026	L7 HITECH PRIVATE LIMITED	Bulk	NSE	Buy	9,20,552	₹103.65	₹9.54 Cr
12 May 2026	L7 HITECH PRIVATE LIMITED	Bulk	NSE	Sell	5,81,041	₹103.26	₹6.00 Cr
19 Jan 2026	SUNIL KISHINCHAND CHELLANI	Bulk	NSE	Buy	10,12,061	₹80.19	₹8.12 Cr
24 May 2023	SHAISHAV RAKESHBHAI SHAH	Bulk	BSE	Sell	8,00,000	₹21.52	₹1.72 Cr
9 Sept 2022	SHAISHAV RAKESHBHAI SHAH	Bulk	BSE	Buy	2,80,392	₹260.00	₹7.29 Cr
15 Jul 2022	ANUSTUP TRADING PRIVATE LIMITED	Bulk	BSE	Sell	98,466	₹170.00	₹1.67 Cr
15 Jul 2022	ANUSTUP TRADING PRIVATE LIMITED	Bulk	BSE	Buy	1,394	₹168.47	₹0.02 Cr

1–7 of 7

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
28 Sept 2026, 2:12 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 3:40 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
19 Sept 2026, 2:43 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
18 Sept 2026, 10:51 am	Corp. Action Dividend Updates	Announcement under Regulation 30 (LODR)-Dividend Updates	PDF
18 Sept 2026, 10:49 am	Corp. Action Record Date	Record Date For The Purpose Of Interim Dividend.	PDF
18 Sept 2026, 10:47 am	Corp. Action Dividend	Corporate Action-Board approves Dividend	PDF
18 Sept 2026, 10:22 am	Board Meeting Outcome of Board Meeting	Board Meeting Outcome For Declaring Interim Dividend For The Current Financial Year Ending On March 31, 2027	PDF
14 Sept 2026, 4:46 pm	Board Meeting	Board Meeting Intimation for Intimation Of Board Meeting Of The Company	PDF

Arfin India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Quarterly record

Annual reports

Credit ratings

Upcoming and recent1

Dividends6

Board meetings1

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

6

1