Arman Holdings
Financial Services
538556 BSE
₹132.00
Close ·
- P/E
- 41.25
Close 4 Nov 2026 ₹132.00 +42.35 +47.2% 1Y
Start ₹89.65
Key Fundamentals
MicrocapFinanceFinancial ServicesPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 18.60%
- Debt to Equity
- 0.00
- EPS (TTM)
- ₹3.20
- Book Value
- ₹17.36
- Market Cap
- —
- P/E (TTM)
- 41.25
- P/B
- 7.60
- ROE
- 14.00%
- Dividend Yield
- 0.00%
- EBITDA
- ₹1.30 Cr
- 52W High
- ₹139.00
- 52W Low
- ₹81.11
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
53 Average
Data confidence 97/100
Category scores
- Quality
- 54
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 30
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 99
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 73
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 87
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 35
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company is almost debt free.
- Debtor days have improved from 222 to 118 days.
Weaknesses
4- Stock is trading at 9.22 times its book value
- Promoter holding has decreased over last quarter: -4.57%
- Promoter holding is low: 17.3%
- Company has a low return on equity of 5.01% over last 3 years.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 2 | 7 | 10 |
| Oscillators | Neutral | 1 | 7 | 1 |
| Moving Averages | Strong Bullish | 1 | 0 | 9 |
Oscillators
Neutral
Bearish
1
Neutral
7
Bullish
1
Overall
Strong Bullish
Bearish
2
Neutral
7
Bullish
10
Moving Averages
Strong Bullish
Bearish
1
Neutral
0
Bullish
9
Key readings
- RSI (14)
- 55.89
- Neutral
- MACD (12,26,9)
- 0.78
- Bearish
- SMA (50)
- 126.09
- Bullish
- SMA (200)
- 112.95
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −0.41% |
|---|---|
| 5Y | +17.86% |
| 3Y | −4.97% |
| 1Y | −2.72% |
| TTM | +336.50% |
Net profit
| 10Y | +57.68% |
|---|---|
| 5Y | Zero base |
| 3Y | +262.16% |
| 1Y | Turned to profit |
| TTM | Tiny base |
Operating cash flow
| 10Y | +60.72% |
|---|---|
| 5Y | Zero base |
| 3Y | Turned positive |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +36.65 pp |
|---|---|
| 5Y | +34.93 pp |
| 3Y | +34.61 pp |
| 1Y | +35.84 pp |
| TTM | +11.41 pp |
Revenue by year
| Mar 2017 | ₹2.30 Cr |
|---|---|
| Mar 2018 | ₹3.13 Cr |
| Mar 2019 | ₹3.77 Cr |
| Mar 2020 | ₹4.08 Cr |
| Mar 2021 | ₹1.57 Cr |
| Mar 2022 | ₹4.07 Cr |
| Mar 2023 | ₹4.16 Cr |
| Mar 2024 | ₹4.39 Cr |
| Mar 2025 | ₹3.67 Cr |
| Mar 2026 | ₹3.57 Cr |
Net profit by year
| Mar 2017 | ₹0.02 Cr |
|---|---|
| Mar 2018 | ₹0.02 Cr |
| Mar 2019 | ₹0.03 Cr |
| Mar 2020 | ₹0.03 Cr |
| Mar 2021 | ₹0.00 Cr |
| Mar 2022 | ₹0.02 Cr |
| Mar 2023 | ₹0.02 Cr |
| Mar 2024 | ₹0.02 Cr |
| Mar 2025 | −₹0.02 Cr |
| Mar 2026 | ₹0.95 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.86 | 1.53 | 0.24 | 0.76 | 0 | 0 | 0 | 3.67 | 0.33 | 0.35 | 1.1 | 1.79 | 14.22 |
| Expenses | 1.88 | 1.5 | 0.24 | 0.75 | 0.07 | 0.03 | 0.04 | 3.54 | 0.34 | 0.34 | 0.68 | 0.95 | 13.28 |
| Operating Profit | −0.02 | 0.03 | 0 | 0.01 | −0.07 | −0.03 | −0.04 | 0.13 | −0.01 | 0.01 | 0.42 | 0.84 | 0.94 |
| OPM % | −1.08% | 1.96% | 0% | 1.32% | — | — | — | 3.54% | −3.03% | 2.86% | 38.18% | 46.93% | 6.61% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | −0.02 | 0.03 | 0 | 0.01 | −0.07 | −0.03 | −0.04 | 0.13 | −0.01 | 0.01 | 0.42 | 0.84 | 0.94 |
| Tax % | 0% | 0% | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 26.19% | 25% | 25.53% |
| Net Profit | −0.02 | 0.03 | 0 | 0.01 | −0.07 | −0.03 | −0.04 | 0.13 | −0.01 | 0.01 | 0.32 | 0.64 | 0.7 |
| EPS (₹) | −0.04 | 0.06 | 0 | 0.02 | −0.13 | −0.06 | −0.08 | 0.25 | −0.02 | 0.02 | 0.61 | 1.23 | 1.34 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.78 | 3.72 | 2.3 | 3.13 | 3.77 | 4.08 | 1.57 | 4.07 | 4.16 | 4.39 | 3.67 | 3.57 | 17.46 |
| Expenses | 0.92 | 3.76 | 2.42 | 3.27 | 3.75 | 4.05 | 1.56 | 4.03 | 4.12 | 4.36 | 3.68 | 2.3 | 15.25 |
| Operating Profit | −0.14 | −0.04 | −0.12 | −0.14 | 0.02 | 0.03 | 0.01 | 0.04 | 0.04 | 0.03 | −0.01 | 1.27 | 2.21 |
| OPM % | −17.95% | −1.08% | −5.22% | −4.47% | 0.53% | 0.74% | 0.64% | 0.98% | 0.96% | 0.68% | −0.27% | 35.57% | 12.66% |
| Other Income | 0.17 | 0.07 | 0.15 | 0.17 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| PBT | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.01 | 0.04 | 0.03 | 0.03 | −0.01 | 1.27 | 2.21 |
| Tax % | 33.33% | 33.33% | 33.33% | 33.33% | 25% | 25% | 0% | 25% | 33.33% | 33.33% | 0% | 24.41% | — |
| Net Profit | 0.02 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0 | 0.02 | 0.02 | 0.02 | −0.02 | 0.95 | 1.67 |
| EPS (₹) | 0.04 | 0.02 | 0.04 | 0.04 | 0.06 | 0.06 | 0 | 0.04 | 0.04 | 0.04 | −0.04 | 1.82 | 3.2 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 | 5.21 |
| Reserves | 1.57 | 1.59 | 1.6 | 1.13 | 1.03 | 1.06 | 1.37 | 1.4 | 0.72 | 0.84 | 1.07 | 2.13 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.2 | 0.11 | 0.66 | 0.99 | 0.4 | 0.08 | 0.03 | 0.02 | 0.36 | 0.75 | 0.03 | 0.37 |
| Total Liabilities | 6.98 | 6.91 | 7.47 | 7.33 | 6.64 | 6.35 | 6.61 | 6.63 | 6.29 | 6.8 | 6.31 | 7.71 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 3 | 3 | 2.34 | 2.17 | 2.17 | 2.59 | 2.6 | 1.65 | 1.79 | 2.12 | 2.27 |
| Other Assets | 3.98 | 3.91 | 4.47 | 4.99 | 4.47 | 4.18 | 4.02 | 4.02 | 4.63 | 5.01 | 4.19 | 5.44 |
| Total Assets | 6.98 | 6.91 | 7.47 | 7.33 | 6.64 | 6.35 | 6.61 | 6.63 | 6.29 | 6.8 | 6.31 | 7.71 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −0.23 | 0.01 | 0.21 | 0.24 | −0.71 | −0.16 | 0 | 0.03 | −0.01 | 0.06 | −0.02 | 1.15 |
| Investing | 0.17 | 0.07 | 0.15 | 0.16 | 0.02 | 0.01 | 0 | −0.02 | 0 | 0 | 0 | 0 |
| Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | −0.06 | 0.08 | 0.36 | 0.4 | −0.69 | −0.15 | 0 | 0.01 | −0.01 | 0.06 | −0.02 | 1.15 |
| Free Cash Flow | −0.23 | 0.01 | 0.21 | 0.24 | −0.71 | −0.16 | 0 | 0.01 | −0.01 | 0.06 | −0.02 | 1.15 |
| CFO/EBITDA | 164 | −50 | −183 | −179 | −3,500 | −500 | 0 | 100 | 0 | 200 | 200 | 91 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 117 | 239 | 114 | 205 | 184 | 35.78 | 55.8 | 119 | 219 | 372 | 177 | 118 |
| Inventory Days | 0 | 48.26 | 106 | 259 | 219 | 335 | 963 | 234 | 157 | 11.35 | 212 | 242 |
| Days Payable | — | 9.05 | 106 | 117 | 40.33 | 7.62 | 8.05 | 0.95 | 32.51 | 65.49 | 2.09 | 10.38 |
| Cash Conversion Cycle | 117 | 279 | 114 | 347 | 363 | 363 | 1,011 | 353 | 344 | 318 | 387 | 349 |
| Working Capital Days | 1,764 | 361 | 533 | 346 | 358 | 345 | 895 | 346 | 342 | 321 | 385 | 376 |
| ROCE % | 0.44% | 0.44% | 0.44% | 0.46% | 0.64% | 0.64% | 0.16% | 0.61% | 0.48% | 0.5% | −0.16% | 18.65% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Arman Holdings insights
55 extracted metrics across FY12–FY27.
Documents
- 30 May 2026
- 13 Nov 2025
Frequently Asked Questions about Arman Holdings
What does Arman Holdings Ltd do?
Incorporated in 1982, Arman Holdings Ltd deals in Textile Products, Precious Metal & Stones, and Plastic & related products.
Where is Arman Holdings Ltd (ARMAN) listed?
Arman Holdings Ltd trades under code 538556 on the BSE.
Which sector does Arman Holdings Ltd belong to?
Arman Holdings Ltd is classified under the Financial Services sector, in the Investment Company industry.
What is the PE ratio of Arman Holdings Ltd?
Arman Holdings Ltd trades at a PE ratio of 41.25 as of 4 Nov 2026, on earnings per share of ₹3.2, against a book value of ₹17.36 per share.
What is the 52-week high and low of Arman Holdings Ltd?
Over the last 52 weeks Arman Holdings Ltd has traded between ₹81.11 and ₹139 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Arman Holdings Ltd?
Arman Holdings Ltd reported a return on equity of 14.00%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1982, Arman Holdings Ltd deals in Textile Products, Precious Metal & Stones, and Plastic & related products.
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