Arfin India Limited
NSE: ARFIN · Aluminium · sector
₹85.87NSE close 2026-10-26
Key numbers
Market cap₹1,449 cr
Price₹85.87
52w high / low₹114 / ₹50
P/E78.8xSector median 11.2x
P/B8.5xSector median 1.8x
Book value₹10.1
Dividend yield0.13%Sector median 0.56%
ROE10.8%Sector median 11.7%
ROCE15.2%Sector median 17.4%
OPM6.9%Sector median 7.5%
Debt / equity0.76xSector median 0.67x
EV/EBITDA31.6xSector median 8.6x
Interest cover2.4x
Current ratio1.69x
Sales growth 3y–Sector median +6.9%
Profit growth 3y–Sector median +9.9%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 15 companies in Aluminium (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹9 cr vs borrowings ₹129 cr (FY26): borrowings are higher by ₹120 cr.
- Operating profit covered interest 2.4x in the last 12 months.
- Other income was 4% of net profit in the last 12 months.
- Dividend paid in 1 of the last 1 financial years.
- Price ₹85.87 on 2026-10-26: -24.6% from the 52-week high, +70.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹105.14 · low ₹24.39
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 109 | 128 | 188 | 193 | 213 |
| EBITDA | 7 | 9 | 14 | 16 | 10 |
| OPM % | 6.1% | 7.3% | 7.4% | 8.5% | 4.8% |
| Other income | 0 | 1 | 0 | -0 | 0 |
| Net profit | 1 | 2 | 5 | 7 | 4 |
| EPS (₹) | 0.06 | 0.15 | 0.30 | 0.40 | 0.24 |
| Revenue YoY | +95.5% | ||||
| Profit YoY | +276.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY26 | TTM |
|---|---|---|
| Revenue | 618 | 722 |
| EBITDA | 46 | 50 |
| Net profit | 15 | 18 |
| EPS (₹) | 0.92 | 1.09 |
| Dividend / share (₹) | 0.11 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | +76.9% |
Balance sheet
| ₹ cr | FY26 |
|---|---|
| Shareholders' equity | 170 |
| Borrowings | 129 |
| Cash & equivalents | 9 |
| Total assets | 371 |
| Fixed assets | 74 |
| Capital work in progress | 0 |
| Investments | 0 |
| Receivables | 30 |
| Inventory | 223 |
| Payables | 59 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY26 |
|---|---|
| Cash from operations | 22 |
| Cash from investing | -15 |
| Cash from financing | -8 |
| Capex | 11 |
| Free cash flow | 11 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY26 |
|---|---|
| ROE % | 9.1% |
| ROCE % | 14.2% |
| Debtor days | 18 |
| Inventory days | 159 |
| Payable days | 42 |
| Cash conversion cycle (days) | 135 |
| Working capital days | 72 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 69.77% |
| FIIs | 0.60% |
| Government | 0.04% |
| Public (non-institutions) | 29.59% |
| Quarter | Jul 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| Promoters % | 69.79% | 69.79% | 69.77% | 69.77% | 69.77% | 69.77% |
| Promoter group | % |
|---|---|
| Mahendrakumar Rikhavchand Shah | 15.19% |
| Jatin Mahendrakumar Shah | 14.91% |
| Pushpaben Mahendrakumar Shah | 12.80% |
| Rani Jatin Shah | 12.64% |
| Pooja Mahendrabhai Shah | 4.76% |
| Jatin Mahendra Shah | 3.85% |
| Krish Jatin Shah | 2.13% |
| Mahendrakumar Rikhavchand HUF | 1.93% |
| Khushbu Mahendrabhai Shah | 1.02% |
| Khwaish Jatin Shah | 0.53% |
| Public holders above 1% | % |
|---|---|
| JFE Shoji India Private Limited | 5.81% |
| L7 Hitech Private Limited | 2.15% |
| Krunal Shaileshbhai Shah | 1.59% |
| Bhola Motor Finance Private Limited | 1.22% |
| Sunil Kishinchand Chellani | 1.14% |
13,608 shareholders. Pledged: – of promoter shares.
Peers in Aluminium
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HINDALCO | ₹1,96,614 cr | 12.0x | 1.4x | 12.6% | 11.1% | 10.7% | +7.2% | 0.56% |
| VAML | ₹68,502 cr | – | – | – | – | – | – | – |
| NATIONALUM | ₹57,377 cr | 8.5x | 2.6x | 34.3% | 42.2% | 47.4% | +7.8% | 3.52% |
| ARFIN | ₹1,449 cr | 78.8x | 8.5x | 10.8% | 15.2% | 6.9% | – | 0.13% |
| MAANALU | ₹527 cr | 35.2x | 1.9x | 6.2% | 7.0% | 2.5% | -0.2% | – |
| MSAFE | ₹474 cr | 18.6x | 6.1x | 28.9% | 42.8% | 39.5% | – | – |
| PGFOILQ | ₹221 cr | 6.8x | 0.7x | -1.0% | 2.3% | 0.9% | -1.9% | – |
| MANAKALUCO | ₹183 cr | 20.9x | 1.3x | 6.4% | 10.6% | 8.7% | +6.5% | 0.25% |
| PALCO | ₹79 cr | 10.3x | 4.4x | 51.6% | 30.3% | 4.5% | +1,703.2% | – |
| HINDALUMI | ₹55 cr | 14.7x | 0.6x | 4.2% | -1.4% | -22.7% | +44.7% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-24 | Dividend | Interim Dividend - Re 0.12 Per Share |
| 2025-11-17 | Dividend | Interim Dividend - Rs 0.11 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Aluminium |
| Sub-industry | Aluminium |
| Symbol | ARFIN |
| BSE code | 539151 |
| ISIN | INE784R01023 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.