Arman Holdings (BSE 538556)₹140.35−0.46%Investment Company
In the Mar 2026 quarter (standalone), Arman Holdings reported sales of ₹1.80 Cr, down 51.1% from Mar 2025, and net profit of ₹0.65 Cr, up 364.3% year on year. For the year to Mar 2026, sales were ₹3.58 Cr and net profit ₹0.96 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.87 | 1.54 | 0.23 | 0.77 | 0.00 | 0.00 | 0.00 | 3.68 | 0.34 | 0.36 | 1.11 | 1.80 |
| Expenses | 1.87 | 1.49 | 0.23 | 0.74 | 0.06 | 0.02 | 0.03 | 3.53 | 0.33 | 0.33 | 0.67 | 0.94 |
| Operating Profit | −0.01 | 0.02 | 0.00 | 0.00 | −0.06 | −0.02 | −0.03 | 0.12 | 0.00 | 0.00 | 0.41 | 0.83 |
| OPM % | −1.1% | 2.0% | 0.0% | 1.3% | — | — | — | 3.6% | −3.0% | 2.9% | 38.2% | 47.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | −0.01 | 0.02 | 0.00 | 0.00 | −0.06 | −0.02 | −0.03 | 0.12 | 0.00 | 0.00 | 0.41 | 0.83 |
| Tax % | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 26.2% | 25.0% |
| Net Profit | −0.03 | 0.04 | 0.00 | 0.02 | −0.08 | −0.04 | −0.05 | 0.14 | −0.02 | 0.02 | 0.33 | 0.65 |
| EPS (Rs) | −0.05 | 0.07 | 0.00 | 0.03 | −0.14 | −0.07 | −0.09 | 0.26 | −0.03 | 0.03 | 0.62 | 1.24 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.73 | 2.31 | 3.12 | 3.78 | 4.09 | 1.56 | 4.08 | 4.17 | 4.40 | 3.68 | 3.58 | 3.61 |
| Expenses | 3.75 | 2.41 | 3.26 | 3.74 | 4.04 | 1.55 | 4.02 | 4.10 | 4.35 | 3.67 | 2.29 | 2.27 |
| Operating Profit | −0.03 | −0.11 | −0.13 | 0.01 | 0.02 | 0.00 | 0.03 | 0.03 | 0.02 | 0.00 | 1.26 | 1.24 |
| OPM % | −1.1% | −5.2% | −4.5% | 0.5% | 0.7% | 0.6% | 1.0% | 1.0% | 0.7% | −0.3% | 35.7% | 34.4% |
| Other Income | 0.08 | 0.16 | 0.18 | 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.00 | 0.03 | 0.02 | 0.02 | 0.00 | 1.26 | 1.24 |
| Tax % | 33.4% | 33.4% | 33.3% | 25.0% | 25.0% | 0.0% | 25.0% | 33.3% | 33.3% | 0.0% | 24.4% | — |
| Net Profit | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.00 | 0.03 | 0.03 | 0.03 | −0.03 | 0.96 | 0.98 |
| EPS (Rs) | 0.03 | 0.05 | 0.05 | 0.07 | 0.07 | 0.00 | 0.05 | 0.05 | 0.05 | −0.05 | 1.83 | 1.86 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.20 | 5.20 | 5.20 | 5.20 | 5.20 | 5.20 | 5.20 | 5.19 | 5.19 | 5.20 | 5.20 | 5.20 |
| Reserves | 1.57 | 1.59 | 1.60 | 1.13 | 1.03 | 1.06 | 1.37 | 1.40 | 0.72 | 0.84 | 1.07 | 2.13 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.19 | 0.10 | 0.65 | 0.98 | 0.39 | 0.07 | 0.02 | 0.01 | 0.35 | 0.74 | 0.02 | 0.36 |
| Total Liabilities | 6.96 | 6.89 | 7.45 | 7.31 | 6.62 | 6.33 | 6.59 | 6.60 | 6.26 | 6.78 | 6.29 | 7.69 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.99 | 2.99 | 2.99 | 2.33 | 2.16 | 2.16 | 2.58 | 2.59 | 1.64 | 1.78 | 2.11 | 2.26 |
| Other Assets | 3.97 | 3.90 | 4.46 | 4.98 | 4.46 | 4.17 | 4.01 | 4.01 | 4.62 | 5.00 | 4.18 | 5.43 |
| Inventories | 0.00 | 0.47 | 0.64 | 2.16 | 2.11 | 3.50 | 3.58 | 2.46 | 1.68 | 0.12 | 2.02 | 1.39 |
| Trade receivables | 0.26 | 2.45 | 0.73 | 1.77 | 1.91 | 0.41 | 0.25 | 1.34 | 2.51 | 4.50 | 1.79 | 1.16 |
| Cash & equivalents | 0.00 | 0.08 | 0.44 | 0.84 | 0.15 | 0.01 | 0.01 | 0.02 | 0.01 | 0.07 | 0.05 | 1.19 |
| Total Assets | 6.96 | 6.89 | 7.45 | 7.31 | 6.62 | 6.33 | 6.59 | 6.60 | 6.26 | 6.78 | 6.29 | 7.69 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −0.24 | 0.00 | 0.20 | 0.23 | −0.70 | −0.15 | 0.02 | 0.00 | 0.07 | −0.01 | 1.16 |
| Cash from investing activity | 0.18 | 0.08 | 0.16 | 0.17 | 0.03 | 0.02 | −0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from financing activity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net cash flow | −0.05 | 0.07 | 0.35 | 0.39 | −0.68 | −0.14 | 0.00 | 0.00 | 0.05 | −0.01 | 1.14 |
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free cash flow | −0.24 | 0.02 | 0.22 | 0.25 | −0.72 | −0.17 | 0.02 | −0.02 | 0.07 | −0.03 | 1.16 |
| CFO / OP % | 164.1% | −49.9% | −182.9% | −179.0% | −3,500.0% | −500.0% | 100.0% | 0.0% | 200.1% | 200.0% | 91.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 117 | 239 | 114 | 205 | 184 | 36 | 56 | 119 | 219 | 372 | 177 | 118 |
| Inventory days | 0 | 48 | 106 | 259 | 219 | 334 | 963 | 234 | 157 | 11 | 212 | 242 |
| Days payable | — | 10 | 107 | 118 | 41 | 9 | 9 | 2 | 34 | 66 | 3 | 11 |
| Cash conversion cycle | 116 | 278 | 113 | 346 | 362 | 362 | 1,010 | 352 | 343 | 317 | 386 | 348 |
| Working capital days | 1,764 | 361 | 533 | 346 | 358 | 345 | 895 | 346 | 342 | 321 | 385 | 376 |
| ROCE % | 0.4% | 0.4% | 0.4% | 0.5% | 0.6% | 0.6% | 0.2% | 0.6% | 0.5% | 0.5% | −0.2% | 18.6% |
For the Mar 2026 quarter, Arman Holdings reported sales of ₹1.80 Cr, down 51.1% year on year and net profit of ₹0.65 Cr, up 364.3% year on year. The operating margin was 47.0%.
Arman Holdings' sales for the year to Mar 2026 were ₹3.58 Cr; over the last twelve months they were ₹3.61 Cr.
Net profit for the year to Mar 2026 was ₹0.96 Cr, and ₹0.98 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.86.
Arman Holdings reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹1.19 Cr.
Cash from operations was ₹1.16 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1.16 Cr.