Arman Financial Services shareholders and shareholding pattern
NSE: ARMANFINBSE: 531179FinanceSmall Cap
Arman Financial Services Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Oct 1995 on BSE, Jun 2016 on NSE
Last close ₹1,380.80down ₹6.20 (0.45%)BSE ₹1,386.95
Share price at the NSE close on 28 Oct 2026. Previous close ₹1,387.00.
28 Oct: open ₹1,375.00, high ₹1,420.00, low ₹1,356.00
52-week range of traded prices to 28 Oct 2026
₹1,301.00Low, 9 Mar 2026₹2,158.60High, 13 Aug 2026
- Next results date: the board meets on 4 Nov 2026 to consider: financial results and other business matters. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,456 Cr1,243rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 12.51
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.56
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 12.9%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 18.46%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 13.66%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 7.61%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 2.25%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 2.78times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 38,64852.5% delivered
Arman Financial Services' shareholding pattern for Sep 2026, filed on 17 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.
Who owns Arman Financial Services, filing by filing
Per cent of the company's shares.
Sep 2026 filing
- Promoters21.93%
- Foreign institutions2.85%
- Indian institutions5.48%
- GovernmentsNone
- Individuals and others69.75%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Foreign institutions
- Indian institutions
- Governments
- Individuals and others
| Per cent | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27.70% | 27.42% | 27.37% | 26.97% | 26.70% | 26.62% | 27.26% | 27.13% | 39.75% | 39.75% | 39.75% | 39.59% | 27.66% | 27.65% | 27.65% | 27.51% | 27.47% | 27.46% | 27.46% | 27.45% | 27.45% | 27.45% | 27.39% | 27.36% | 27.35% | 27.31% | 27.27% | 26.58% | 23.65% | 22.09% | 22.09% | 22.07% | 22.07% | 22.06% | 22.05% | 22.00% | 22.00% | 22.00% | 22.00% | 21.93% | |
| Indian promoters | 27.70% | 27.42% | 27.37% | 26.97% | 26.70% | 26.62% | 27.26% | 27.13% | 39.75% | 39.75% | 39.75% | 39.59% | 27.66% | 27.65% | 27.65% | 27.51% | 27.47% | 27.46% | 27.46% | 27.45% | 27.45% | 27.45% | 27.39% | 27.36% | 27.35% | 27.31% | 27.27% | 26.58% | 23.65% | 22.09% | 22.09% | 22.07% | 22.07% | 22.06% | 22.05% | 22.00% | 22.00% | 12.98% | 12.98% | 21.93% |
| Foreign promoters | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | – | – | – | 9.02% | 9.02% | – |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 72.30% | 72.58% | 72.63% | 73.03% | 73.30% | 73.38% | 72.74% | 72.87% | 60.25% | 60.25% | 60.25% | 60.41% | 72.34% | 72.35% | 72.35% | 72.49% | 72.53% | 72.54% | 72.54% | 72.55% | 72.55% | 72.55% | 72.61% | 72.64% | 72.65% | 72.69% | 72.73% | 73.42% | 76.35% | 77.91% | 77.91% | 77.93% | 77.93% | 77.94% | 77.95% | 78.00% | 78.00% | 78.00% | 78.00% | 78.07% |
| Shares in issue | 57,20,179 | 57,20,179 | 57,20,179 | 57,20,179 | 57,20,179 | 57,20,179 | 57,20,179 | 57,47,824 | 69,52,298 | 69,52,298 | 69,52,298 | 69,81,293 | 84,50,144 | 84,50,894 | 84,50,894 | 84,87,634 | 84,87,634 | 84,88,384 | 84,88,384 | 84,91,584 | 84,91,584 | 84,91,584 | 84,92,334 | 84,92,334 | 84,92,334 | 84,92,334 | 84,93,579 | 87,11,056 | 97,87,346 | 1,04,76,774 | 1,04,78,684 | 1,04,90,538 | 1,04,90,538 | 1,04,90,538 | 1,04,91,688 | 1,05,12,921 | 1,05,12,921 | 1,05,12,921 | 1,05,14,761 | 1,05,46,332 |
| Shares locked inShares locked in. Shares the filing reports as barred from sale until a set day, such as promoters' shares after a public issue or shares allotted to an investor directly. Shares locked in in the glossary | – | – | – | – | – | – | – | 27,645 | 27,645 | 27,645 | 28,045 | 29,595 | 10,35,853 | 10,36,403 | 10,36,403 | 10,44,348 | 8,20,998 | 8,20,598 | 8,20,398 | 7,86,858 | 7,86,858 | 7,86,108 | 7,86,858 | 11,58,435 | 11,54,770 | 750 | 1,245 | 1,245 | 1,245 | 1,245 | 1,910 | 2,210 | 2,210 | 2,210 | 1,450 | 1,450 | 1,450 | 1,450 | 1,400 | 1,500 |
| Promoters' shares locked in | – | – | – | – | – | – | – | – | – | – | – | – | 7,82,908 | 7,82,908 | 7,82,908 | 7,82,908 | 7,82,908 | 7,82,908 | 7,82,908 | 7,82,908 | 7,82,908 | 7,82,908 | 7,82,908 | 7,82,908 | 7,82,908 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | – | – | – | – | – |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Arman Financial Services promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is NAMRA HOLDINGS AND CONSULTANCY SERVICES LLP, 8.99%.Promoter buying and selling
| Holder | ||
|---|---|---|
| NAMRA HOLDINGS AND CONSULTANCY SERVICES LLPIndian companies, trusts and others | 8.99% | 9,48,308 |
| RITABEN JAYENDRABHAI PATELIndividuals and Hindu undivided families | 4.13% | 4,36,089 |
| Late JAYENDRABHAI BHAILALBHAI PATELIndividuals and Hindu undivided families | 4.06% | 4,27,937 |
| AALOK JAYENDRABHAI PATELIndividuals and Hindu undivided families | 2.35% | 2,47,809 |
| JAYENDRA BHAILAL PATEL HUFIndividuals and Hindu undivided families | 1.86% | 1,96,000 |
| SAJNI AALOK PATELIndividuals and Hindu undivided families | 0.39% | 41,316 |
| AMIT RAJNIKANT MANAKIWALAIndividuals and Hindu undivided families | 0.09% | 9,700 |
| HIMANI AMIT MANAKIWALAIndividuals and Hindu undivided families | 0.04% | 4,334 |
| MAULIK AMIT MANAKIWALAIndividuals and Hindu undivided families | 0.01% | 800 |
No promoter shares are reported as pledged.
Largest public holders of Arman Financial Services, filing by filing
Per cent, on the same shares as the split above.
| Holder | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ELEVATION CAPITAL V LIMITEDForeign companies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 22.26% | 22.26% | 22.26% | 22.26% | 22.26% | 22.26% | 22.26% | 22.26% | 21.70% | 15.21% | 13.83% | 11.88% | 11.87% | 10.90% | 10.90% | 10.90% | 10.88% | 10.13% | 8.36% | 8.09% | 7.58% |
| MUKUL MAHAVIR AGRAWALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | 10.05% | 10.00% | 8.27% | 8.27% | 8.27% | 8.24% | 5.92% | 5.14% | 5.14% | 5.12% | 5.06% | 5.06% | 5.06% | 5.06% | 5.06% | 5.06% | 4.76% | 4.71% | 4.71% | 4.71% | 4.71% | 4.59% | 4.09% | 3.82% | 3.82% | 3.81% | 3.81% | 3.81% | 3.81% | 3.80% | 3.80% | 3.80% | 3.80% | 3.79% |
| AIRAVAT CAPITAL TRUST - AIRAVAT CAPITAL TRUST IIAlternative investment funds | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.27% | 1.79% | 1.79% | 1.79% | 1.79% |
| INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRSInvestor education fund | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.89% | 1.88% | 1.86% | 1.85% | 1.84% | 1.79% | 1.76% |
| VINAY JAIPRAKASH AMBEKARNon-resident Indians | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | 1.00% | 1.03% | 1.03% | 1.03% | 1.03% | – | – | – | 1.08% | 1.14% |
| ABHISHEK PRADEEPKUMAR BANSALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% | 1.10% | 1.09% |
| DUMT TRADEVESTOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.02% | 1.02% | 1.12% | 1.12% | 1.14% | 1.04% | 1.04% | 1.05% | 1.07% |
| AIRAVAT CAPITAL TRUSTAIRAVAT CAPITAL TRUSTAlternative investment funds | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.57% | – | – | – | – | – |
| DEBASHISH NEOGINon-resident Indians | – | – | – | – | 1.08% | 1.37% | 1.39% | 1.61% | 1.37% | 1.60% | 1.89% | 2.02% | 1.67% | 1.78% | 1.80% | 1.50% | 1.43% | 1.51% | 1.61% | 1.54% | 1.54% | 1.54% | 1.74% | 1.62% | 1.62% | 1.62% | 1.24% | 1.21% | 1.08% | 1.01% | 1.01% | 1.12% | 1.19% | 1.21% | 1.11% | – | – | – | – | – |
| SANDEEP KAPADIANon-resident Indians | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.18% | 1.17% | 1.14% | 1.02% | 1.34% | 1.43% | 1.43% | 1.05% | 1.05% | 1.05% | – | – | – | – | – |
| AIRAVAT CAPITAL TRUSTAlternative investment funds | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.21% | 1.41% | – | – | – | – | – | – |
| HIGHWEST GLOBAL MASTER FUND, LPForeign portfolio investors, category II | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.84% | 2.71% | 3.24% | 3.24% | 3.24% | 3.24% | 3.24% | 3.24% | 3.24% | 3.24% | 3.24% | 2.51% | 2.24% | 2.32% | 2.42% | 2.42% | – | – | – | – | – | – | – | – |
| SIXTEENTH STREET ASIAN GEMS FUNDForeign companies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 3.88% | 3.62% | – | – | – | – | – | – | – | – | – |
| KOTAK MAHINDRA LIFE INSURANCE COMPANY LTD.Insurance companies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.16% | 1.09% | 1.09% | – | – | – | – | – | – | – | – | – |
| NEIGHBOURHOOD INVESTMENT PRIVATE LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.07% | 1.08% | 1.08% | 1.08% | – | – | – | – | – | – | – | – | – | – | – | – |
| VINOD KUMAR DUGARResident individuals, over ₹2 lakh at face value | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% | 1.32% | 1.32% | 1.32% | 1.31% | 1.09% | 1.09% | 1.09% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.05% | – | – | – | – | – | – | – | – | – | – | – | – |
| AMRAV DUGARResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.61% | 1.16% | 1.03% | – | – | – | – | – | – | – | – | – | – | – | – |
| AVINASH PARSRAM WADHWAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.12% | 1.12% | 1.12% | 1.12% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% | 1.00% | – | – | – | – | – | – | – | – | – | – | – | – | – |
| BABULALL DUGARResident individuals, over ₹2 lakh at face value | 2.37% | 2.37% | 2.37% | 2.37% | 2.39% | 2.39% | 2.39% | 2.38% | 1.97% | 1.97% | 1.97% | 1.96% | 1.62% | 1.62% | 1.62% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SEVEN CANYONS STRATEGIC INCOME FUNDInstitutions Foreign Portfolio Investor | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.32% | 1.10% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SAIF PARTNERS INDIA V LIMITEDOther non-institutions | – | – | – | – | – | – | – | – | – | – | – | – | 22.37% | 22.37% | 22.37% | 22.27% | 22.27% | 22.27% | 22.27% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| AVINASH P WADHWAResident individuals, over ₹2 lakh at face value | 1.58% | 1.58% | 1.58% | 2.10% | 2.10% | 2.10% | 2.10% | 2.09% | 1.73% | 1.73% | 1.73% | 1.72% | 1.42% | 1.12% | 1.12% | 1.12% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| Bharti JainResident individuals, over ₹2 lakh at face value | – | – | – | – | 1.49% | 1.46% | 1.42% | 1.41% | 1.16% | 1.16% | 1.16% | 1.16% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| OM PRAKASH DAMANIResident individuals, over ₹2 lakh at face value | – | – | – | 1.22% | 1.22% | 1.30% | 1.30% | 1.29% | 1.07% | 1.07% | 1.07% | 1.06% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| ADARSH ZACHARIAS AUGUSTINEResident individuals, over ₹2 lakh at face value | – | – | – | 1.08% | 1.22% | 1.21% | 1.21% | 1.34% | 1.16% | 1.18% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MUKUL AGRAWALResident individuals, over ₹2 lakh at face value | 3.62% | 3.62% | 3.62% | 3.62% | 4.37% | 10.05% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| BHARATI JAINResident individuals, over ₹2 lakh at face value | 1.49% | 1.49% | 1.49% | 1.49% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MAVERICK FINANCIAL SERVICES PRIVATE LIMITEDOther non-institutions | – | – | 1.70% | 1.24% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MAVERICK SHARE BROKERS LIMITED - CLIENT BENEFICIARY A/COther non-institutions | – | – | – | 1.23% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| JANKI DEVI KHANDELWALResident individuals, over ₹2 lakh at face value | 1.33% | 1.33% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SILVER STALLION LIMITEDInstitutions Foreign Portfolio Investor | 1.47% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.
Who moved in the Sep 2026 filing
Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.
- Individuals and others: ELEVATION CAPITAL V LIMITED 7.58%, −0.51 pts; VINAY JAIPRAKASH AMBEKAR 1.14%, +0.06 pts; INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS 1.76%, −0.03 pts; 3 more moved