Arman Financial Services Limited
Incorporated on November 26, 1992, AFSL is promoted by Jayendra Patel by the name of Arman Lease and Finance Limited. The group started its operations with TW financing and microfinance lending. On receiving licence for operations by NFL, in May 2013...
Key Metrics
EPS
165.30
Current ratio
1.76
Debt/Equity
2.24
Debt/EBITDA
7.93
Interest coverage ratio
-
Operating Cashflow to total debt
-0.17
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Improving capitalisation position
Steady growth in AUM
Improving profitability
Improving asset quality
Liquidity: Adequate
Cons
Concentrated resource profile, although, vast lender base
Limited track record of operations in new geographies
Regulatory and inherent risks associated with unsecured lending
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About Arman Financial Services Limited bond.
This comprehensive profile covers key factual information about Arman Financial Services Limited. Incorporated on November 26, 1992, AFSL is promoted by Jayendra Patel by the name of Arman Lease and Finance Limited. The group started its operations with TW financing and microfinance lending. On receiving licence for operations by NFL, in May 2013, the microfinance segment was carried by NFL. In March 2017, AFSL commenced lending under SME segment. AFSL caters to the low-income customers by providing lending services for TW financing, financing for MSME and to microfinance segment. AFSL is registered as a non- deposit taking NBFC and NFL is registered as a Non- Deposit taking Systemically Important Micro Finance Institution (NBFC-MFI-ND-SI) with RBI. The group operates with 394 branches in 140 districts of 10 states catering to around eight lakh customers as on December 31, 2023. EPS in Mar-2024 was 165.30. Current ratio in Mar-2024 was 1.76. Debt/Equity in Mar-2024 was 2.24. Debt/EBITDA in Mar-2024 was 7.93. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.17. Total revenue for Mar-2025(E) was ₹866.49. Net income for Mar-2025(E) stood at ₹241.53. Total assets as of Mar-2024 were ₹2635.06. Operating cash flow for Mar-2024 was ₹-302.40. Peers and comparison entities consist of Arman Financial Services Limited, Bajaj Finance limited, Jio Financial Services limited, Cholamandalam Investment and Finance Company limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Improving capitalisation position; Steady growth in AUM; Improving profitability; Improving asset quality; Liquidity: Adequate. Key risks include: Concentrated resource profile, although, vast lender base; Limited track record of operations in new geographies; Regulatory and inherent risks associated with unsecured lending. Leadership team details include Aalok J Patel (Joint Managing Director), Alok N Prasad (Chairman), Jayendrabhai B Patel (Vice Chairman and Managing Director), Jaimish G Patel (Company Secretary and Compliance Officer), Ankit Laddha (Chief Compliance Officer), Govindarajan Moorthy (Chief Risk Officer), Vivek A Modi (Chief Financial Officer), Amit Manakiwala (Whole-Time Director), Rambabu Agarwal (Head of Two Wheeler Operations), Anuj Nathaniel (Head of Microfinance Operations). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.