Trades precious metals and stones, which is the dominant revenue source, and runs a small textiles products business. In FY26, the Precious Metal & Stones segment generated Rs 1.7329 crore of revenue and Rs 0.8811 crore of EBIT, while Textiles Products contributed Rs 0.0583 crore of revenue and Rs 0.0178 crore of EBIT. Plastic Products contributed nothing. Total FY26 revenue was Rs 3.568 crore, net profit was Rs 0.95 crore, and total assets were Rs 7.7188 crore. The cost base is thin: employee costs are 2.4% of revenue, other operating expenses are 3.0%, and there is no material cost, depreciation, or capex recorded. Operating losses appear absent; figures come from the P&L and segment disclosures. Listed on BSE with its registered office in Surat and an authorised share capital of about Rs 5.21 crore (52.10 lakh shares of Rs 10 face value). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Precious Metal & Stones, Textiles Products, Plastic Products. Small, low-cost trading entity with negligible capex and depreciation, classified as an Investment Company in Financial Services.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 4 | 4 | 4 | 4 | 4 |
| EBITDA (ex other income) | 0 | 0 | 0 | (0) | 1 |
| margin % | 0.9 | 0.9 | 0.6 | (0.4) | 35.5 |
| Owners' profit | 0 | 0 | 0 | (0) | 1 |
| EPS, as reported (₹) | 0.06 | 0.05 | 0.05 | 0.24 | 2.43 |
| ROE % · ROCE % | 0.4 · 0.5 | 0.4 · 0.5 | 0.3 · 0.4 | (0.2) · (0.2) | 12.9 · 17.2 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | (0) | 0 | (0) | 1 |
| Capex | (0) | 0 | 0 | 0 | 0 |
| ₹ crore | Q4 FY24 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 4 | 0 | 0 | 1 | 2 |
| Profit before tax | 0 | (0) | (0) | 0 | (0) | 0 | 0 | 1 |
| Net profit | 0 | (0) | (0) | 0 | (0) | 0 | 0 | 1 |
| EPS (₹) | 0.02 | (0.06) | (0.08) | 0.25 | 0.01 | 0.00 | 0.81 | 1.62 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Textiles Products | 0 | 1.6 |
| Precious Metal & Stones | 4 | 98.4 |
| Total, before eliminations | 4 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,51,806 | 71.4 | 1.13 | 64.0 | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 1,08,001 | 25.2 | 2.94 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Non-promoter Varigate Advisory sells 8,000 shares of Arman Holdings | ownership changes | high | — | — |
| 10 Sept 2026 · Promoter group sells 0.67 percent stake in Arman Holdings | ownership changes | high | — | — |
| 10 Sept 2026 · Promoter group sells 0.64% stake in Arman Holdings via open market | ownership changes | high | — | — |
| 10 Sept 2026 · Promoter group sells 0.51 percent stake in Arman Holdings via open market | ownership changes | high | — | — |
| 9 Sept 2026 · Non-promoter Varigate Advisory sells 5000 shares of Arman Holdings via open market | ownership changes | high | — | — |
| 8 Sept 2026 · Promoter group trims stake by 2.47% via open market | ownership changes | high | — | — |
| 3 Sept 2026 · Promoter group trims 0.38% stake in Arman Holdings via open market | ownership changes | high | — | — |
| 1 Sept 2026 · Arman Holdings: Promoter group sells 20,000 shares in open market | ownership changes | high | — | — |
| 1 Sept 2026 · Promoter group sells 25,500 shares, holding falls to 21.34% | ownership changes | high | — | — |
| 31 Aug 2026 · AGM 2026 voting results published in newspapers | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 6.3 |
| 10.5 |
| — |
| 18.8 |
| 40.8 |
| L&T FINANCE LIMITED | 77,411 | 24.3 | 2.76 | 6.7 | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 32,839 | 76.2 | 1.12 | 90.8 | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 28,902 | 10.8 | 0.85 | 0.9 | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 26,292 | 13.3 | 2.04 | 2.4 | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 14,802 | 53.1 | 0.54 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,763 | 92.9 | 0.39 | 78.3 | 0.4 | — | 14.1 | 84.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 48.1 | 23.7 | 38 of 52 | 28% |
| P/B | 8.3 | 0.7 | 59 of 60 | 2% |
| ROCE | 17.2 | 0.4 | 3 of 29 | 93% |
| ROE | 12.9 | 1.3 | 7 of 67 | 91% |
| Debt / Equity | 0.0 | 0.0 | 1 of 67 | 15% |
| EBITDA margin | 47.1 | 61.6 | 36 of 62 | 43% |
| Revenue growth | (51.2) | 13.6 | 46 of 56 | 18% |
| Profit growth | 397.6 | 10.7 | 6 of 66 | 92% |
| Market cap | 61 | 376 | 51 of 65 | 22% |
| 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.
