Arfin India
Metals & Mining
ARFIN NSE
₹94.16 No trade today
- P/E
- 98.08
Close 4 Nov 2026 ₹94.16 +39.82 +73.3% 1Y
Start ₹54.34
Key Fundamentals
MicrocapNon - Ferrous MetalsMetals & MiningPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 14.00%
- Debt to Equity
- 0.76
- EPS (TTM)
- ₹0.96
- Book Value
- ₹10.57
- Market Cap
- —
- P/E (TTM)
- 98.08
- P/B
- 8.91
- ROE
- 8.34%
- Dividend Yield
- 0.13%
- EBITDA
- ₹47.10 Cr
- 52W High
- ₹113.83
- 52W Low
- ₹52.75
- Volume
- 0
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
42 Weak
Data confidence 100/100
Category scores
- Quality
- 58
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 17
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 77
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 41
- Weak
- Solvency, leverage, coverage 9% weight
- Momentum
- 47
- Average
- Trend strength, vol-adjusted 12% weight
- Ownership
- 37
- Weak
- 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 expected to give good quarter
- Debtor days have improved from 29.0 to 19.4 days.
Weaknesses
4- Stock is trading at 10.3 times its book value
- Company has a low return on equity of 8.11% over last 3 years.
- Dividend payout has been low at 4.55% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -4.34%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 3 | 7 | 9 |
| Oscillators | Bearish | 2 | 7 | 0 |
| Moving Averages | Strong Bullish | 1 | 0 | 9 |
Oscillators
Bearish
Bearish
2
Neutral
7
Bullish
0
Overall
Bullish
Bearish
3
Neutral
7
Bullish
9
Moving Averages
Strong Bullish
Bearish
1
Neutral
0
Bullish
9
Key readings
- RSI (14)
- 51.36
- Neutral
- MACD (12,26,9)
- −0.40
- Bearish
- SMA (50)
- 91.53
- Bullish
- SMA (200)
- 86.60
- 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 | +8.13% |
|---|---|
| 5Y | +15.58% |
| 3Y | +4.74% |
| 1Y | +1.46% |
| TTM | +22.40% |
Net profit
| 10Y | +7.18% |
|---|---|
| 5Y | +28.47% |
| 3Y | +11.87% |
| 1Y | +55.56% |
| TTM | +124.69% |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | +22.22% |
| 3Y | +1.14% |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +1.64 pp |
|---|---|
| 5Y | +1.60 pp |
| 3Y | +2.10 pp |
| 1Y | +1.04 pp |
| TTM | +0.67 pp |
Revenue by year
| Mar 2017 | ₹363 Cr |
|---|---|
| Mar 2018 | ₹466 Cr |
| Mar 2019 | ₹413 Cr |
| Mar 2020 | ₹359 Cr |
| Mar 2021 | ₹303 Cr |
| Mar 2022 | ₹526 Cr |
| Mar 2023 | ₹544 Cr |
| Mar 2024 | ₹535 Cr |
| Mar 2025 | ₹616 Cr |
| Mar 2026 | ₹625 Cr |
Net profit by year
| Mar 2017 | ₹13.00 Cr |
|---|---|
| Mar 2018 | ₹22.00 Cr |
| Mar 2019 | ₹7.00 Cr |
| Mar 2020 | −₹22.00 Cr |
| Mar 2021 | ₹4.00 Cr |
| Mar 2022 | ₹9.00 Cr |
| Mar 2023 | ₹10.00 Cr |
| Mar 2024 | ₹8.00 Cr |
| Mar 2025 | ₹9.00 Cr |
| Mar 2026 | ₹14.00 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 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 149 | 134 | 115 | 137 | 133 | 149 | 180 | 153 | 109 | 128 | 196 | 192 | 208 | 286 |
| Expenses | 141 | 127 | 108 | 129 | 124 | 139 | 169 | 147 | 102 | 119 | 183 | 177 | 199 | 273 |
| Operating Profit | 7.58 | 7.11 | 7.25 | 8.28 | 9.09 | 9.68 | 10.94 | 6.59 | 6.53 | 8.82 | 13.55 | 14.46 | 9.31 | 12.76 |
| OPM % | 5.1% | 5.3% | 6.28% | 6.05% | 6.84% | 6.49% | 6.07% | 4.3% | 6% | 6.89% | 6.9% | 7.54% | 4.48% | 4.47% |
| Other Income | 0.61 | 0.71 | 0.47 | 0.2 | 0.25 | 0.24 | 0.14 | 1.33 | 0.46 | 0.49 | 0.14 | 0.13 | 0.28 | 0.16 |
| Interest | 4.34 | 4.22 | 4.66 | 5.36 | 4.28 | 5.36 | 5.56 | 4.62 | 4.54 | 5.09 | 5.15 | 3.92 | 4.48 | 5.01 |
| Depreciation | 0.93 | 0.96 | 0.93 | 1.09 | 1 | 1.01 | 1.02 | 1.02 | 1.08 | 1.09 | 1.14 | 1.34 | 1.2 | 1.22 |
| PBT | 2.92 | 2.64 | 2.13 | 2.03 | 4.06 | 3.55 | 4.5 | 2.28 | 1.37 | 3.14 | 7.4 | 9.33 | 3.91 | 6.7 |
| Tax % | 20.89% | 34.09% | 7.04% | −7.39% | 25.86% | 27.32% | 32.67% | 76.32% | 26.28% | 34.5% | 34.86% | 38.8% | 9.72% | 15.97% |
| Net Profit | 2.32 | 1.74 | 1.99 | 2.18 | 3.01 | 2.58 | 3.03 | 0.54 | 1.02 | 2.05 | 4.82 | 5.71 | 3.53 | 5.62 |
| EPS (₹) | 0.15 | 0.11 | 0.13 | 0.14 | 0.18 | 0.15 | 0.18 | 0.03 | 0.06 | 0.12 | 0.29 | 0.34 | 0.21 | — |
Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.
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 | 250 | 286 | 363 | 466 | 413 | 359 | 303 | 526 | 544 | 535 | 616 | 625 | 724 |
| Expenses | 238 | 271 | 336 | 421 | 390 | 364 | 287 | 502 | 518 | 505 | 579 | 582 | 678 |
| Operating Profit | 12 | 15 | 27 | 45 | 23 | −6 | 16 | 24 | 26 | 30 | 36 | 43 | 46 |
| OPM % | 4.7% | 5% | 8% | 10% | 6% | −1.6% | 5% | 4.6% | 4.9% | 6% | 6% | 7% | 6% |
| Other Income | 1 | 1 | 0 | 1 | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Interest | 5 | 5 | 6 | 10 | 12 | 14 | 11 | 12 | 14 | 19 | 20 | 19 | 19 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 5 |
| PBT | 7 | 10 | 20 | 34 | 10 | −21 | 5 | 10 | 11 | 10 | 14 | 21 | 24 |
| Tax % | 34% | 34% | 36% | 36% | 34% | 5% | 12% | 6% | 6% | 15% | 36% | 36% | — |
| Net Profit | 5 | 7 | 13 | 22 | 7 | −22 | 4 | 9 | 10 | 8 | 9 | 14 | 16 |
| EPS (₹) | 0.43 | 0.61 | 0.89 | 1.37 | 0.41 | −1.36 | 0.25 | 0.58 | 0.65 | 0.52 | 0.54 | 0.81 | 0.96 |
| Div. Payout % | 6% | 7% | 6% | 12% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 14% | — |
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 | 3 | 3 | 4 | 13 | 16 | 16 | 16 | 16 | 16 | 16 | 17 | 17 |
| Reserves | 15 | 21 | 51 | 69 | 70 | 49 | 52 | 62 | 72 | 80 | 140 | 152 |
| Borrowings | 34 | 44 | 62 | 95 | 114 | 109 | 109 | 112 | 112 | 120 | 117 | 129 |
| Other Liabilities | 38 | 51 | 44 | 35 | 24 | 25 | 53 | 58 | 67 | 69 | 71 | 71 |
| Total Liabilities | 90 | 119 | 160 | 213 | 224 | 199 | 230 | 247 | 267 | 285 | 344 | 369 |
| Fixed Assets | 12 | 14 | 21 | 30 | 38 | 46 | 61 | 62 | 65 | 66 | 64 | 74 |
| CWIP | 2 | 4 | 0 | 10 | 17 | 13 | 0 | 0 | 1 | 0 | 4 | 0 |
| Investments | 0 | 0 | 4 | 4 | 5 | 5 | 0 | 0 | 0 | 0 | 0 | 8 |
| Other Assets | 76 | 101 | 135 | 168 | 164 | 135 | 168 | 185 | 201 | 220 | 277 | 287 |
| Total Assets | 90 | 119 | 160 | 213 | 224 | 199 | 230 | 247 | 267 | 285 | 344 | 369 |
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 | 6 | −2 | −22 | −10 | 13 | 23 | 11 | 11 | 29 | 5 | −21 | 30 |
| Investing | −5 | −4 | −7 | −20 | −17 | −6 | 0 | −3 | −8 | −4 | −9 | −22 |
| Financing | 1 | 6 | 29 | 30 | 4 | −18 | −12 | −8 | −14 | −8 | 30 | −8 |
| Net Cash Flow | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | −7 | 0 | 0 |
| Free Cash Flow | 1 | −7 | −26 | −30 | −4 | 18 | 6 | 8 | 21 | 1 | −27 | 19 |
| CFO/EBITDA | 55 | −10 | −64 | −6 | 104 | −427 | 67 | 46 | 107 | 24 | −53 | 76 |
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 | 34 | 42 | 59 | 59 | 44 | 32 | 51 | 51 | 38 | 36 | 31 | 19 |
| Inventory Days | 75 | 95 | 92 | 79 | 114 | 121 | 168 | 84 | 89 | 124 | 130 | 151 |
| Days Payable | 60 | 71 | 46 | 21 | 21 | 23 | 72 | 44 | 49 | 55 | 45 | 42 |
| Cash Conversion Cycle | 48 | 66 | 105 | 117 | 138 | 129 | 147 | 91 | 78 | 105 | 116 | 129 |
| Working Capital Days | 4 | 17 | 32 | 37 | 30 | 14 | 52 | 38 | 33 | 39 | 66 | 60 |
| ROCE % | 24% | 25% | 29% | 30% | 12% | −4% | 8% | 12% | 13% | 14% | 14% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Arfin insights
68 extracted metrics across FY12–FY27.
Documents
- Concall · Mar 2024PPT
- 11 Nov 2025
- 29 Jul 2026
- 26 Jun 2026
- 14 May 2026
- 12 Nov 2025
- 21 Oct 2024
- General announcements 10 Oct 2026
Frequently Asked Questions about Arfin India
What does Arfin India Ltd do?
Incorporated in 1992, Arfin India Ltd manufactures and trades non-ferrous metals
Where is Arfin India Ltd (ARFIN) listed?
Arfin India Ltd trades as ARFIN on the NSE and under code 539151 on the BSE.
Which sector does Arfin India Ltd belong to?
Arfin India Ltd is classified under the Metals & Mining sector, in the Aluminium industry.
What is the PE ratio of Arfin India Ltd?
Arfin India Ltd trades at a PE ratio of 98.08 as of 4 Nov 2026, on earnings per share of ₹0.96, against a book value of ₹10.57 per share.
What is the 52-week high and low of Arfin India Ltd?
Over the last 52 weeks Arfin India Ltd has traded between ₹52.75 and ₹113.83 as of 4 Nov 2026.
Does Arfin India Ltd pay dividends?
Arfin India Ltd has a dividend yield of 0.13%.
What is the Return on Equity (ROE) of Arfin India Ltd?
Arfin India Ltd reported a return on equity of 8.34%. Its debt-to-equity ratio is 0.76.
Company Information
Incorporated in 1992, Arfin India Ltd manufactures and trades non-ferrous metals
Website arfin.co.in
CEO Mr. Mahendra Rikhavchand Shah
Employees 225
Listed 22 Jul 2025
Face Value ₹1
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