Price
Financials
Standalone, Rs crore| 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 | 1.53 | 0.24 | 0.76 | 0.00 | 0.00 | 0.00 | 3.67 | 0.33 | 0.35 | 1.10 | 1.79 | 14.22 |
| Expenses | 1.50 | 0.24 | 0.75 | 0.07 | 0.03 | 0.04 | 3.54 | 0.34 | 0.34 | 0.68 | 0.95 | 13.28 |
| Operating Profit | 0.03 | 0.00 | 0.01 | -0.07 | -0.03 | -0.04 | 0.13 | -0.01 | 0.01 | 0.42 | 0.84 | 0.94 |
| OPM % | 1.96% | 0.00% | 1.32% | 3.54% | -3.03% | 2.86% | 38.18% | 46.93% | 6.61% | |||
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.03 | 0.00 | 0.01 | -0.07 | -0.03 | -0.04 | 0.13 | -0.01 | 0.01 | 0.42 | 0.84 | 0.94 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 26.19% | 25.00% | 25.53% | |
| Net Profit | 0.03 | 0.00 | 0.01 | -0.07 | -0.03 | -0.04 | 0.13 | -0.01 | 0.01 | 0.32 | 0.64 | 0.70 |
| EPS in Rs | 0.06 | 0.00 | 0.02 | -0.13 | -0.06 | -0.08 | 0.25 | -0.02 | 0.02 | 0.61 | 1.23 | 1.34 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.72 | 2.30 | 3.13 | 3.77 | 4.08 | 1.57 | 4.07 | 4.16 | 4.39 | 3.67 | 3.57 | 17.46 |
| Expenses | 3.76 | 2.42 | 3.27 | 3.75 | 4.05 | 1.56 | 4.03 | 4.12 | 4.36 | 3.68 | 2.30 | 15.25 |
| Operating Profit | -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 % | -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 | 0.07 | 0.15 | 0.17 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 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% | 25.00% | 25.00% | 0.00% | 25.00% | 33.33% | 33.33% | 0.00% | 24.41% | |
| Net Profit | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.00 | 0.02 | 0.02 | 0.02 | -0.02 | 0.95 | 1.67 |
| EPS in Rs | 0.02 | 0.04 | 0.04 | 0.06 | 0.06 | 0.00 | 0.04 | 0.04 | 0.04 | -0.04 | 1.82 | 3.20 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 0% | 18% | -5% | 337% | ||
| Compounded Profit Growth | 58% | % | 262% | 3240% | ||
| Stock Price CAGR | % | 31% | 15% | 58% | ||
| Return on Equity | 2% | 3% | 5% | 14% |
| 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 | 1.60 | 1.13 | 1.03 | 1.06 | 1.37 | 1.40 | 0.72 | 0.84 | 1.07 | 2.13 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.20 | 0.11 | 0.66 | 0.99 | 0.40 | 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 | 6.80 | 6.31 | 7.71 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 3.00 | 3.00 | 3.00 | 2.34 | 2.17 | 2.17 | 2.59 | 2.60 | 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 | 6.80 | 6.31 | 7.71 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.23 | 0.01 | 0.21 | 0.24 | -0.71 | -0.16 | 0.00 | 0.03 | -0.01 | 0.06 | -0.02 | 1.15 |
| Cash from Investing Activity | 0.17 | 0.07 | 0.15 | 0.16 | 0.02 | 0.01 | 0.00 | -0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Cash Flow | -0.06 | 0.08 | 0.36 | 0.40 | -0.69 | -0.15 | 0.00 | 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 | 0.00 | 0.01 | -0.01 | 0.06 | -0.02 | 1.15 |
| CFO/OP | 164% | -50% | -183% | -179% | -3,500% | -500% | 0% | 100% | 0% | 200% | 200% | 91% |
| 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 | 116.99 | 239.41 | 114.26 | 205.24 | 183.95 | 35.78 | 55.80 | 119.28 | 219.35 | 372.48 | 177.03 | 117.58 |
| Inventory Days | 0.00 | 48.26 | 105.92 | 258.84 | 219.21 | 334.50 | 963.49 | 234.17 | 156.96 | 11.35 | 212.31 | 242.18 |
| Days Payable | 9.05 | 105.92 | 116.90 | 40.33 | 7.62 | 8.05 | 0.95 | 32.51 | 65.49 | 2.09 | 10.38 | |
| Cash Conversion Cycle | 116.99 | 278.62 | 114.26 | 347.18 | 362.83 | 362.66 | 1,011.24 | 352.50 | 343.80 | 318.34 | 387.24 | 349.38 |
| Working Capital Days | 1,764.17 | 361.08 | 533.22 | 346.34 | 358.22 | 345.32 | 895.06 | 346.17 | 342.19 | 320.93 | 384.89 | 376.25 |
| ROCE % | 0.44% | 0.44% | 0.44% | 0.46% | 0.64% | 0.64% | 0.16% | 0.61% | 0.48% | 0.50% | -0.16% | 18.65% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 24.93% | 21.83% |
| Public | 75.08% | 75.08% | 75.08% | 75.08% | 75.07% | 75.07% | 75.08% | 75.07% | 75.08% | 75.06% | 75.07% | 78.16% |
| No. of Shareholders | 740 | 745 | 778 | 779 | 806 | 867 | 865 | 894 | 911 | 948 | 983 | 1,059 |
Fundamentals
Market Cap₹ 70.3 Cr.
Current Price₹ 135
Stock P/E42.1
Book Value₹ 14.1
ROCE18.6 %
ROE14.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)337%
Compounded Profit Growth (TTM)3240%
Standalone figures.
Valuation
Market capRs 70 Cr
Enterprise valueRs 69 Cr
P/E (TTM)41.86x
Price to book9.52x
Price to sales4.00x
EV / EBITDA31.09x
EV / EBIT31.09x
EV / sales3.93x
Price to cash flow60.78x
Earnings yield2.39%
P/E, 3-year average875.02x
P/B, 3-year average6.73x
P/E, 5-year average820.16x
P/B, 5-year average5.02x
Profitability
Operating margin (excl. other income)35.57%
Operating margin (incl. other income)35.57%
EBITDA margin12.66%
Pre-tax margin12.66%
Net profit margin9.56%
Net margin, latest quarter4.92%
ROE13.95%
ROCE18.65%
ROA13.55%
ROE, 3-year average4.65%
ROCE, 3-year average6.33%
ROA, 3-year average4.52%
ROE, 5-year average2.92%
ROCE, 5-year average4.01%
ROA, 5-year average2.83%
ROIC (approx.)27.21%
Tax rate24.41%
Growth
Sales growth (latest year)-2.72%
Sales CAGR, 3 years-4.97%
Sales CAGR, 5 years17.86%
Profit CAGR, 3 years262.16%
Sales growth QoQ694.41%
Profit growth QoQ9.38%
Sales growth YoY (latest quarter)4209.09%
Per share
EPS (TTM)Rs 3.21
EPS (latest year)Rs 1.82
EPS (latest quarter)Rs 1.34
EPS, 3-year averageRs 0.61
EPS, 5-year averageRs 0.38
Book value per shareRs 14.09
Sales per shareRs 33.51
Cash flow per shareRs 2.21
Free cash flow per shareRs 2.21
Efficiency
Asset turnover0.46x
Inventory turnover1.51x
Inventory days242 days
Debtor days118 days
Debtors turnover3.10x
Creditor days10 days
Cash conversion cycle349 days
Working capital days376 days
Leverage
Cash and bankRs 1 Cr
Net debtRs -1 Cr
Net debt / EBITDA-0.54x
Owners' fund to total sources95.20%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 1 Cr
Cash from ops / profit, 5 years1.22x
Sales to cash flow3.10x
Statement figures
Net sales (TTM)Rs 17 Cr
Net sales (latest year)Rs 4 Cr
Sales (latest quarter)Rs 14 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 1 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 1 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 4 Cr
Share capitalRs 5 Cr
ReservesRs 2 Cr
Shareholders' fundsRs 7 Cr
Total assetsRs 8 Cr
InvestmentsRs 2 Cr
ReceivablesRs 1 Cr
InventoryRs 1 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)0.52
Ownership
Promoter holding21.83% (-3.10 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 9.52 is at the 96th percentile (median 5.43).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 538556 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +2.8% | -2.8% | +5.5 pts |
| 1 month | +17.3% | -6.8% | +24.1 pts |
| 3 months | +19.4% | -7.6% | +27.0 pts |
| 3 years | +57.8% | +14.2% | +43.6 pts |
| 5 years | +292.3% | +27.9% | +264.4 pts |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹14 Cr +4209.1% vs Jun 2025.
Net profit ₹1 Cr +7100.0%.
Activity
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| Elcid Investments Ltd | 2,053 | 21.5 | 1.43 % |
| Shipping Corporation of India Land & Assets Ltd | 1,709 | 60.0 | 1.31 % |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Arman Holdings Ltd?
Arman Holdings Ltd (538556) has a market capitalisation of Rs 70.3 Cr. at the 2026-10-01 close.
What is the P/E ratio of Arman Holdings Ltd?
Arman Holdings Ltd trades at a P/E of 42.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Arman Holdings Ltd's latest quarterly results?
In the Jun 2026 quarter, Arman Holdings Ltd sales was Rs 14 Cr (+4209.1% vs Jun 2025) and net profit was Rs 1 Cr.