BSE: 531179 | NSE: ARMANFIN | Finance - NBFC | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Arman Financial Services Ltd is a average quality company.
The key valuation ratios of Arman Financial Services Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Arman Financial Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 15.2 | 15.9 | 16.6 | 27.3 | 46.6 | 67.1 | 60.6 | 63.3 | 94.4 | 134 | 157 | |
| YoY Gr. Rt. % | - | 4.5% | 4% | 64.9% | 70.6% | 44% | -9.7% | 4.4% | 49.2% | 41.5% | - | |
| Adj EPS (₹ ) | 4 | 3.6 | 3.6 | 4.6 | 17.8 | 21.6 | 9.4 | 19.1 | 33.4 | 36.2 | 39.5 | |
| YoY Gr. Rt. % | - | -10.2% | 0.3% | 28.3% | 283.8% | 21.4% | -56.4% | 103% | 74.7% | 8.3% | - | |
| BVPS (₹ ) | 49.6 | 51.5 | 55.1 | 58.1 | 136.6 | 142.1 | 150.4 | 165.9 | 269.8 | 504.3 | 534.2 | |
| YoY Gr. Rt. % | - | 3.9% | 7% | 5.3% | 135.2% | 4% | 5.9% | 10.3% | 62.7% | 86.9% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 3.2 | 2.8 | 2.7 | 2.5 | 5.8 | 6.3 | 2.6 | 5 | 6.1 | 5.2 | 0 | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 27.3% | 23.4% | 30.1% | 41.5% | ||||||||
| Adj EPS | 27.7% | 15.3% | 56.6% | 8.3% | ||||||||
| BVPS | 29.4% | 29.9% | 49.7% | 86.9% | ||||||||
| Share Price | 33.2% | 18.4% | 8.4% | -41.8% | ||||||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 18.2 | 15.7 | 15.1 | 11.7 | 26.5 | 27.2 | 13.2 | 25.7 | 30.1 | 28.4 | 26.5 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 8.3 | 7.1 | 6.8 | 8.2 | 18.3 | 17 | 6.5 | 12.1 | 15.3 | 10 | 7.4 | |
Total Income has increased 30.12 CAGR in last 3 years
Net Profit has increased 56.59 CAGR in last 3 years
Total income growth is good in last 4 quarters
Return on Equity has declined versus last 3 years average to 7.60%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 39.5 | 132.9 |
| TTM Sales (₹ Cr.) | 157 | 671 |
| BVPS (₹.) ⓘ | 534.2 | 824.4 |
| Reserves (₹ Cr.) ⓘ | 550 | 854 |
| P/BV ⓘ | 2.38 | 1.54 |
| PE ⓘ | 32.23 | 9.59 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1175.50 / 2676.10 |
| All Time Low / High (₹) | 0.46 / 2676.10 |
| Market Cap (₹ Cr.) | 1,336 |
| Equity (₹ Cr.) | 10.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 27.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 15 | 16 | 17 | 29 | 48 | 70 | 64 | 66 | 96 | 136 |
| Interest Income | 15 | 16 | 17 | 27 | 47 | 67 | 61 | 63 | 94 | 134 |
| Other Income ⓘ | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 3 | 2 | 3 |
| Expenditure ⓘ | 11 | 12 | 13 | 24 | 33 | 47 | 54 | 45 | 59 | 88 |
| Interest Expense ⓘ | 6 | 6 | 5 | 11 | 16 | 22 | 20 | 18 | 31 | 46 |
| Operating Expenses ⓘ | 5 | 6 | 7 | 11 | 14 | 18 | 16 | 19 | 25 | 34 |
| Provisions | 1 | 1 | 1 | 3 | 3 | 7 | 18 | 8 | 2 | 8 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 4 | 4 | 4 | 16 | 23 | 9 | 21 | 38 | 48 |
| Taxes ⓘ | 1 | 1 | 1 | 1 | 3 | 5 | 1 | 5 | 9 | 10 |
| Profit After Tax | 3 | 2 | 2 | 3 | 12 | 18 | 8 | 16 | 28 | 38 |
| Adjusted EPS (₹) | 4.0 | 3.6 | 3.6 | 4.6 | 17.8 | 21.6 | 9.4 | 19.1 | 33.4 | 36.2 |
| Dividend Payout Ratio (%) | 30% | 39% | 28% | 22% | 8% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 34 | 36 | 38 | 40 | 96 | 121 | 128 | 141 | 229 | 535 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 10 |
| Reserves ⓘ | 27 | 29 | 31 | 33 | 89 | 112 | 119 | 132 | 221 | 524 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 15 | 10 | 10 | 40 | 135 | 158 | 125 | 180 | 289 | 257 |
| Current Liabilities | 43 | 39 | 50 | 77 | 40 | 27 | 49 | 23 | 74 | 63 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Short term borrowings | 32 | 31 | 45 | 50 | 35 | 22 | 40 | 15 | 58 | 41 |
| Other Liabilities | -32 | -31 | -45 | -50 | -35 | -22 | -40 | -15 | -59 | -42 |
| Total Liabilities ⓘ | 92 | 84 | 98 | 157 | 271 | 306 | 301 | 343 | 592 | 855 |
Assets | ||||||||||
| Non Current Asset | 34 | 35 | 47 | 83 | 60 | 74 | 81 | 115 | 227 | 294 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 34 | 35 | 47 | 83 | 60 | 74 | 81 | 115 | 227 | 294 |
| Current Asset | 58 | 50 | 51 | 74 | 211 | 232 | 220 | 229 | 365 | 561 |
| Current Investment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Asset | 58 | 50 | 51 | 74 | 211 | 232 | 220 | 229 | 365 | 561 |
| Total Assets ⓘ | 92 | 84 | 98 | 157 | 271 | 306 | 301 | 343 | 592 | 855 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 4 | 4 | 4 | 5 | 18 | 22 | 9 | 19 | 33 | 36 |
| DPS (₹) | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 50 | 52 | 55 | 58 | 137 | 142 | 150 | 166 | 270 | 504 |
Performance Ratios | ||||||||||
| ROA (%) | 3.2 | 2.8 | 2.7 | 2.5 | 5.8 | 6.3 | 2.6 | 5.0 | 6.1 | 5.2 |
| ROE (%) | 8.3 | 7.1 | 6.8 | 8.2 | 18.3 | 17.0 | 6.5 | 12.1 | 15.3 | 10.0 |
| ROCE (%) | 12.4 | 12.0 | 10.8 | 13.5 | 15.9 | 16.4 | 10.4 | 13.1 | 15.7 | 13.7 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 2.5 | 2.8 | 3.4 | 5.3 | 2.8 | 2.9 | 4.1 | 6.0 | 4.9 | 3.7 |
Arman Financial Services is a category A non-banking finance company was originally incorporated on 26th November, 1992 as an erstwhile Arman Lease & Finance Ltd. The company is a public limited listed company. The registered office of the company is located 502-503, Sakar III, Opposite Old High Court, Ahmedabad-380014, Gujarat.
The main objects of the company consist of providing a wide spectrum of financial services both Fund based and Non Fund Based activities which includes term loans, collateral free credit, other forms of credits, thrift and savings and insurance. Arman also plans to render financial services to people by acting as intermediary for banks and financial institutions in the cities, towns, villages of India. The company provides loans for two wheelers, used cars, rickshaws and personal loans. It provides a wide spectrum of financial services like lease/hire purchase, hypothecation, bill discounting, investment in primary and secondary market, merchant banking, portfolio management, loan syndication and loans for education, marriage, travel, and other services.
Arman has rich experience in two and three wheeler segment with all it’s clientele based in Ahmedabad. The company has a database of 20,000 clients with proven credit worthiness which is advantageous for a personal loan or a repeat vehicle loan. The Company was originally rated by ICRA, the noted rating agency and it was assigned credit rating of `7’ which was indicative of safe borrowing from the Bank.
The company has been rated 4 different times by noted rating agency called M-Cril and company has each time received Alpha Minus which is an investment grade. The last time in March 2009 the company received even Alpha for its financial performance.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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