Arman Holdings Ltd (ARMAN)

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Arman Holdings Ltd (ARMAN) · mywealthgrid

About

Arman Holdings Ltd operates in Investment Company within the Financials sector.

Face value: ₹10

Market cap

₹70 Cr

P/E

—

P/B

9.5×

Dividend yield

ROE

14%

ROCE

18.6%

Debt / equity

OPM

35.6%

EPS (TTM)

₹-0.0

Book value

₹14.1

52-week high

—

52-week low

—

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

₹134.2-0.1%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 35.6%
+Profit CAGR of 262.2% over the last 3 years
+Revenue CAGR of 17.9% over the last 5 years
+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of 4.7% (3-yr avg)
−Trading at 9.5× book value
−Low promoter holding of 21.8%
−Promoter holding fell 3.1 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

52/100

Business quality: 70
Growth

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.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jio Financial Services LimitedJIOFINJIOFIN	₹1,40,316 Cr	₹1,62,084 Cr	₹4,905 Cr	₹3,264 Cr	65.6%	₹2,066 Cr	44.4%	—	1.2%	—
Aditya Birla Capital LimitedABCAPITALABCAPITAL	₹1,02,546 Cr	₹2,81,426 Cr	₹48,186 Cr	₹17,803 Cr	36.7%	₹4,104 Cr	8.5%	—	11.6%	—
Tata Investment Corporation LimitedTATAINVESTTATAINVEST	₹31,122 Cr	₹31,122 Cr	₹404 Cr	₹361 Cr	89.4%	₹431 Cr	109.2%	—	1.4%	—
Cholamandalam Financial Holdings LimitedCHOLAHLDNGCHOLAHLDNG	₹25,721 Cr	₹2,36,121 Cr	₹40,993 Cr	₹22,781 Cr	55.1%	₹2,669 Cr	14%	—	17.5%	—
Tvs Holdings LimitedTVSHLTDTVSHLTD	₹24,010 Cr	₹60,166 Cr	₹62,488 Cr	₹9,940 Cr	15.8%	₹1,970 Cr	5.8%	—	30.4%	—
Maharashtra Scooters LimitedMAHSCOOTERMAHSCOOTER	₹14,113 Cr	₹14,113 Cr	₹289 Cr	₹285 Cr	98.7%	₹279 Cr	99.3%	—	1.1%	—
Jsw Holdings LimitedJSWHLJSWHL	₹12,496 Cr	₹12,496 Cr	₹184 Cr	₹168 Cr	92.2%	₹137 Cr	81.7%	—	0.5%	—
Religare Enterprises LimitedRELIGARERELIGARE	₹7,663 Cr	₹8,064 Cr	₹8,941 Cr	₹60 Cr	1.6%	₹50 Cr	0.9%	—	3.2%	—
Pilani Investment And Industries Corporation LimitedPILANIINVSPILANIINVS	₹4,320 Cr	₹6,712 Cr	₹248 Cr	₹216 Cr	88.5%	₹-12 Cr	11%	—	0.2%	—
Nalwa Sons Investments LimitedNSILNSIL	₹2,633 Cr	₹2,636 Cr	₹98 Cr	₹77 Cr	74.8%	₹55 Cr	56.1%	—	0.3%	—
Kalyani Investment Company LimitedKICLKICL	₹2,065 Cr	₹2,065 Cr	₹78 Cr	₹65 Cr	82.2%	₹41 Cr	47.1%	—	0.4%	—
El Cid Investments LimitedELCIDINELCIDIN	₹2,043 Cr	—	₹134 Cr	₹127 Cr	94.5%	₹109 Cr	81%	—	1.2%	—

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	2	3	4	4	2	4	4	4	4	4
Interest	—	—	—	—	—	0	0	0	0	0	0
Expenses	4	2	3	4	4	2	4	4	4	4	2
Financing profit	—	—	—	—	—	0	0	0	0	-0	1
Financing margin %	—	—	—	—	—	0%	0.7%	1%	0.5%	-0.3%	35.6%
Other income	0	0	0	0	—	0	0	0	0	0	0
Depreciation	—	—	—	0	0	0	0	0	0	0	0
Profit before tax	0	0	0	0	—	0	0	0	0	-0	1
Tax	—	—	—	—	—	0	0	0	0	0	0
Tax %	—	—	—	—	—	—	33.3%	33.3%	50%	0%	24.6%
PAT	0	0	0	0	—	0	0	0	0	-0	1
EPS (₹)	0	0	-1.8	-0.2	0.1	0	—	0	0	0.2	2.4
EPS adjusted (₹)	—	—	—	—	—	0	0	0	0	-0	1.8
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	5	5	5	5	5
Reserves	—	1	1	1	1	1	2
	—	0	0	0	0	0	0
	—	0	0	0	1	0	0
Total equity & liabilities	—	7	7	6	7	6	8
	0	0	0	0	0	0	0
CWIP	—	0	0	—	0	0	0
Investments	—	3	3	2	2	2	2
	—	4	4	5	5	4	5
Total assets	—	7	7	6	7	6	8

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	0	-0	0	-0	1
	0	-0	0	0	0	-0
	0	0	0	0	0	0
Net cash flow	0	0	-0	0	-0	1
Free cash flow	0	0	-0	0	-0	1
CFO / Operating profit %	—	100%	-25%	300%	—	115%

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	13.4%	5.4%	5.5%	4.8%	4.9%	40.9%
EBITDA margin %	0.5%	0.7%	0%	0.7%	1%	0.5%	-0.3%	35.6%
EBIT margin %	0.5%	0.7%	0%	0.7%	0.7%	0.5%	-0.3%	35.6%
PAT margin %	0.8%	—	0%	0.5%	0.5%	0.5%	-0.5%	26.6%
Working capital
Receivable days	—	—	56	119	219	372	177	118
Inventory days	—	—	963	234	157	11	212	242
Payable days	—	—	8	1	33	65	2	10
NWC days	—	—	1,011	352	344	318	387	349
Leverage
Current ratio	—	—	130.33	195.5	11.89	6.27	131.67	14.19
Debt to EBITDA	—	—	—	0	0	0	—	0
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	—	—	—	—	—	—	—
Asset turnover	—	—	0.24	0.61	0.66	0.64	0.58	0.46
Return ratios
Return on assets %	—	—	0%	0.3%	0.3%	0.3%	-0.3%	12.3%
Return on capital employed %	—	—	0%	0.5%	0.5%	0.3%	-0.2%	18.6%
Return on equity %	—	—	0%	0.3%	0.3%	0.3%	-0.3%	12.9%

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
	24.93%	24.93%	24.93%	24.93%	24.93%	24.93%	24.93%	24.93%	24.93%	24.93%	24.93%	21.83%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	75.07%	75.07%	75.07%	75.07%	75.07%	75.07%	75.07%	75.07%	75.07%	75.07%	75.07%	78.17%
No. of shareholders	—	—	—	—	—	—	—	—	911	948	983	1,059

Promoter holding down 3.1 percentage points since Sep 2023.

77 deals · 12 Dec 2025 – 22 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Sept 2026	HIMANSHU RAJENDRA SHAH	Bulk	BSE	Buy	58,600	₹117.77	₹0.69 Cr
22 Sept 2026	MANASVINI BULLION PRIVATE LIMITED	Bulk	BSE	Sell	57,000	₹117.50	₹0.67 Cr
9 Sept 2026	ARUN VENUGOPAL IYER	Bulk	BSE	Buy	42,350	₹116.98	₹0.50 Cr
9 Sept 2026	MANASVINI BULLION PRIVATE LIMITED	Bulk	BSE	Sell	27,500	₹116.97	₹0.32 Cr
8 Sept 2026	ARUN VENUGOPAL IYER	Bulk	BSE	Buy	42,200	₹118.56	₹0.50 Cr
7 Sept 2026	KANNIAH KRISHNA	Bulk	BSE	Buy	33,700	₹117.66	₹0.40 Cr
27 Aug 2026	ANTONIO GABRIEL PAUL BARRETTO	Bulk	BSE	Buy	50,000	₹117.57	₹0.59 Cr
24 Aug 2026	PRINCE KUMAR SINGH	Bulk	BSE	Sell	38,966	₹114.13	₹0.44 Cr
6 Aug 2026	VINAYPRAKASHJAIN	Bulk	BSE	Sell	28,753	₹119.00	₹0.34 Cr
5 Aug 2026	KANNIAH KRISHNA	Bulk	BSE	Buy	70,000	₹115.00	₹0.81 Cr

1–10 of 77

1 / 8

Mr. Deepak Kumar BabelManaging Director & CEO
Ayush JainChief Finance Officer
Mrs. PRIYADARSHINI BABELNon-Executive - Non Independent Director
Mrs. Krishna Hareshbhai BhattNon - Executive Independent Director
Mr. Ravi Jitendra ModiNon - Executive Independent Director
Mrs. Drishti SinghalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

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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 Arman Holdings Ltd. 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.

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

38 announcementsExport CSV

1 Oct 2026, 1:59 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Managing Director

Resignation of Managing Director PDF

1 Oct 2026, 1:57 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Resignation of Company Secretary / Compliance Officer PDF

1 Oct 2026, 12:04 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011