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Arfin India Ltd
(ARFIN)
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Rating:48Neutral
Price Target:
₹83.00
▼(-9.04% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weak and inconsistent cash generation (negative recent free cash flow and very low cash conversion), despite strong FY2026 revenue growth and improved operating margins. Technical indicators also point to weak near-term momentum, and the high P/E with a very low dividend yield further limits the score.
Positive Factors
Strong FY2026 revenue growth
The sharp FY2026 revenue acceleration indicates stronger demand or shipment volumes across the aluminum product business. If sustained, higher throughput can improve fixed-cost absorption and support scale benefits over the next several quarters.
Negative Factors
Weak cash conversion
Very low conversion of accounting profit into operating cash, combined with negative free cash flow, indicates working-capital strain or substantial investment needs. Persistent weakness could restrict liquidity, increase financing reliance, and reduce earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY2026 revenue growth
The sharp FY2026 revenue acceleration indicates stronger demand or shipment volumes across the aluminum product business. If sustained, higher throughput can improve fixed-cost absorption and support scale benefits over the next several quarters.
Read all positive factors
Arfin India Ltd (ARFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹14.65B
Dividend Yield0.13%
Average Volume (3M)17.88K
Price to Earnings (P/E)79.7
Beta (1Y)1.09
Revenue Growth22.00%
EPS Growth155.42%
CountryIN
Employees203
SectorGeneral
Sector StrengthN/A
IndustryAluminum
Share Statistics
EPS (TTM)0.18
Shares Outstanding168,722,490
10 Day Avg. Volume17,969
30 Day Avg. Volume17,881
Financial Highlights & Ratios
PEG Ratio1.13
Price to Book (P/B)7.19
Price to Sales (P/S)1.98
P/FCF Ratio-112.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Arfin India Ltd Business Overview & Revenue Model
Company Description
Established in Gandhinagar, India, in 1992, Arfin India Limited is a prominent manufacturer and trader specializing in both ferrous and non-ferrous metals. The company's extensive product range includes aluminum wire rods, various aluminum alloy i...
How the Company Makes Money
Arfin India Ltd primarily makes money by selling its manufactured aluminum-based products to business customers (B2B). Revenue is generated from (1) sale of aluminum products/intermediates produced from processing/conversion activities, where pric...
Arfin India Ltd Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.78B | 6.18B | 6.13B | 5.32B | 5.43B | 5.25B |
| Gross Profit | 49.66M | 820.75M | 584.84M | 505.90M | 461.82M | 423.66M |
| EBITDA | 164.05M | 470.83M | 368.80M | 307.89M | 270.56M | 235.63M |
| Net Income | 29.87M | 154.51M | 91.46M | 82.20M | 103.17M | 91.87M |
Balance Sheet | ||||||
| Total Assets | 3.67B | 3.71B | 3.44B | 2.85B | 2.67B | 2.47B |
| Cash, Cash Equivalents and Short-Term Investments | 61.16M | 89.56M | 6.45M | 4.10M | 75.32M | 849.00K |
| Total Debt | 1.49B | 1.29B | 1.17B | 1.20B | 1.12B | 1.12B |
| Total Liabilities | 2.07B | 2.01B | 1.87B | 1.89B | 1.79B | 1.69B |
| Stockholders Equity | 1.60B | 1.70B | 1.57B | 963.59M | 880.85M | 776.45M |
Cash Flow | ||||||
| Free Cash Flow | -131.20M | -109.16M | -271.42M | 13.38M | 209.70M | 78.09M |
| Operating Cash Flow | -32.06M | 42.04M | -212.05M | 46.45M | 294.00M | 112.84M |
| Investing Cash Flow | -71.71M | -150.02M | -84.37M | -35.75M | -82.19M | -34.77M |
| Financing Cash Flow | 50.22M | 104.92M | 298.75M | -81.98M | -137.54M | -77.95M |
Arfin India Ltd Technical Analysis
Positive
91.25
Price Trends
87.03
Negative
90.05
Negative
80.97
Positive
Market Momentum
0.07
Negative
51.55
Neutral
88.60
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ARFIN, the sentiment is Positive. The current price of 91.25 is above the 20-day moving average (MA) of 85.19, above the 50-day MA of 87.03, and above the 200-day MA of 80.97, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 51.55 is Neutral, neither overbought nor oversold. The STOCH value of 88.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ARFIN.
Arfin India Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹9.02B | 11.39 | ― | 0.40% | 13.23% | 22.22% | |
64 Neutral | ₹1.31B | 10.97 | ― | 3.97% | 22.51% | 271.07% | |
59 Neutral | ₹10.27B | 20.27 | ― | 0.49% | 26.80% | -37.20% | |
58 Neutral | ₹21.01B | 202.47 | ― | ― | 18.26% | 18.04% | |
55 Neutral | ₹6.47B | 18.07 | ― | 3.37% | 11.89% | -59.44% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹14.65B | 79.72 | ― | 0.13% | 22.00% | 155.42% |
* General Sector Average
IN:ARFIN
Arfin India Ltd
86.85
47.46
120.49%
IN:INDOAMIN
Indo Amines Limited
124.20
-18.60
-13.03%
IN:KUANTUM
Kuantum Papers Limited
74.16
-33.86
-31.34%
IN:MAHASTEEL
Mahamaya Steel Industries Ltd.
1,278.30
876.70
218.30%
IN:MMP
MMP Industries Ltd.
404.15
126.06
45.33%
IN:OCCL
Oriental Carbon & Chemicals Ltd
131.25
-41.00
-23.80%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.