Manufactures and supplies aluminium products — primary aluminium shots/cubes, secondary aluminium ingots, secondary aluminium wire rods, and AAAC (All Aluminium Alloy Conductor) conductors used in power transmission lines. Recent domestic orders include a 7,400 MT aluminium supply order valued at about ₹300 crores (including GST) from JFE Shoji India Private Limited for delivery through September 2026, and an AAAC conductor order for 20,400 KM valued at approximately ₹85.59 crores from Dakshin Gujarat Vij Company Limited, supplied monthly from May to November 2026. A wholly-owned subsidiary, Arfin Titanium and Speciality Alloys Limited (ATSAL), has signed an MOU with Japan's Toyo Denka Kogyo Co Ltd and JFE Shoji to manufacture speciality alloys in India using Toyo Denka's technical support. The business is commodity-driven — raw materials account for 89% of FY26 revenue. FY26 revenue was ₹617.99 crores and net profit was ₹15.45 crores, with capex of ₹11.39 crores. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Aluminium products, AAAC conductors, Speciality alloys. Cyclical, commodity-driven aluminium products manufacturer with a small speciality-alloys subsidiary.
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 616 | 618 |
| EBITDA (ex other income) | 36 | 46 |
| margin % | 5.9 | 7.5 |
| Owners' profit | 0 | 0 |
| EPS, as reported (₹) | 0.54 | 0.92 |
| ROE % · ROCE % | 5.8 · 18.4 | 9.1 · 21.5 |
| Debt / equity (x) | 0.75 | 0.76 |
| Cash from operations | (21) | 22 |
| Capex | (6) | (11) |
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 153 | 109 | 128 | 188 | 193 | 213 |
| Profit before tax | 2 | 1 | 4 | 8 | 11 | 5 |
| Net profit | 1 | 1 | 2 | 5 | 7 | 4 |
| EPS (₹) | 0.03 | 0.06 | 0.15 | 0.30 | 0.40 | 0.24 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HINDALCO INDUSTRIES LTD | 2,17,893 | 13.3 | 1.60 | 9.7 | 9.8 | 8.0 | — | 15.0 |
| NATIONAL ALUMINIUM CO LTD | 66,303 | 9.8 | 3.07 | 7.7 | 26.8 | 33.3 | 14.8 | 54.3 |
| ARFIN INDIA LIMITED ◆ | 1,461 | 79.5 | 8.58 | 33.8 | 9.1 | 12.0 | — | 4.9 |
| MMP INDUSTRIES LIMITED | 1,207 | 24.1 | 3.48 | 24.6 | 8.9 | 7.7 | 29.0 | 9.0 |
| MAAN ALUMINIUM LIMITED | 666 | 44.4 | 2.42 | — | 4.7 | 6.1 | — | 3.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 31 Aug 2026 · Arfin India promoter acquires 5.77 percent from family as gift | ownership changes | medium | — | — |
| 27 Aug 2026 · Promoter Mahendrakumar Shah to acquire 5.77 percent via gift from relatives | ownership changes | medium | — | — |
| 25 Aug 2026 · Notice of 34th AGM, Book Closure and E-Voting published in newspapers | compliance | minimal | — | — |
| 25 Aug 2026 · Arfin India: 34th AGM Notice and Annual Report FY26 Sent to Shareholders | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Arfin India FY26 Annual Report: PAT up 69 percent, EBITDA up 23 percent | results | high | — | — |
| 24 Aug 2026 · 34th AGM on Sep 19, 2026; FY26 annual report and notice submitted | board shareholder meetings | medium | — | — |
| 20 Aug 2026 · Arfin India 34th AGM scheduled for September 19, 2026 via video conferencing | compliance | minimal | — | — |
| 19 Aug 2026 · 34th AGM on Sep 19, 2026; book closure Sep 13-19, e-voting Sep 16-18 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Newspaper publication of June 2026 quarter unaudited results | compliance | minimal | — | — |
| 11 Aug 2026 · Arfin India Q1 FY27 PAT up 277% YoY as revenue nearly doubles | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| Msafe Equipments Limited |
| 600 |
| 28.2 |
| — |
| — |
| — |
| 27.4 |
| — |
| — |
| PG FOILS LTD. | 266 | 9.7 | 0.80 | — | (2.5) | (2.1) | — | (2.9) |
| MANAK ALUMINIUM CO. LTD. | 242 | 27.5 | 1.70 | — | 5.3 | 4.6 | — | 9.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 79.5 | 14.9 | 15 of 15 | 0% |
| P/B | 8.6 | 2.1 | 12 of 12 | 0% |
| ROCE | 12.0 | 8.0 | 4 of 15 | 79% |
| ROE | 9.1 | 7.6 | 5 of 12 | 64% |
| Debt / Equity | 0.8 | 0.6 | 9 of 12 | 27% |
| EBITDA margin | 4.9 | 6.0 | 8 of 12 | 36% |
| Revenue growth | 95.5 | 9.8 | 1 of 13 | 100% |
| Profit growth | 276.9 | 55.9 | 2 of 12 | 91% |
| Market cap | 1461 | 242 | 3 of 15 | 86% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
