On 6 Nov 2026, Arnold Holdings was priced at ₹18.43, or 3.7× trailing earnings, against an industry P/E of 25.9×, and the shares are 21% below their 52-week high. It earns ROCE of 15% and ROE of 7.1%, and sales and net profit grew 0.8% and 5.1% a year over 3 years. Debt is 1.32× equity. It is a small-cap company with a market cap of ₹44 Cr, ranked 57th of 69 Asset Management companies by market cap; the shares fell 15% over the past year.
- ₹18.60
- ₹18.60
- ₹17.51
- ₹18.43
- 1.4K
Health check
- ReturnsBehind
−15.2% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 3.7 vs industry 25.9.
- GrowthSlow
Sales +0.8%, profit +5.1% a year over 3 years.
- ProfitabilityWeak
ROCE 15.0% vs peer median 38.5%.
- Balance sheetFair
Debt 1.32× equity, interest covered 1.9×, Piotroski 6 of 9.
- Red flags2 to check
Return on equity is low at 7.1%.
Small cap
Defensive
Key metrics
- Market cap
- ₹44 Cr
- Small cap
- P/E
- 3.7
- Industry 25.9
- Price to book
- 0.68
- Peers 13.19
- Dividend yield
- 0.00%
- ROE
- 7.1%
- Peers 35.3%
- ROCE
- 15.0%
- Peers 38.5%
- Debt to equity
- 1.32
- Debt ₹86 Cr
- EPS (TTM)
- ₹4.97
- OPM (TTM)
- 6.7%
- Net margin 2.4%
- Sales growth
- +59.3%
- Latest quarter vs a year ago
- Profit growth
- +9.2%
- Latest quarter vs a year ago
- Price to sales
- 0.22
- EV/EBITDA 3.7
Strengths and risks
Strengths
- Quarterly sales up 59.3% on a year ago.
- P/E of 3.7 against an industry P/E of 25.9.
Risks to check
- Return on equity is low at 7.1%.
- Interest coverage of only 1.7×.
About Arnold Holdings
Arnold Holdings Ltd. operates as a non-deposit-taking non-banking financial company in India. The company offers secured and unsecured business loan products comprising working capital loans, loans for proprietorship, infrastructure finance, and inter-corporate loans; secured and unsecured personal loan products consisting of Tradofina digital lending app for microfinance products, consumer durable loans, debt consolidation loans, and instant cash loans;…
- Headquarters
- Mumbai
- Employees
- 47
- Sector
- Financial Services
- ISIN
- INE185K01036
- Website
- arnoldholdings.in
Price range
- Avg volume (3M)
- 20.2K
- 1-year return
- minus 15.2%
- From 52-week high
- minus 21.2%
Peers · Asset Management
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JIOFINJio Financial Services | 231.20 | plus 0.69% | 1,58,445 | 87.9 | 1.19 | 1.7% | 1.3% | 75.8% | 431.5% | 268.2% | 0.26% | minus 23.9% |
| ICICIAMCICICI Prudential Asset Management Company | 2,935.80 | minus 1.45% | 1,45,104 | 41.1 | 27.16 | 98.3% | 76.2% | 74.1% | 28.9% | 29.6% | 1.44% | plus 13.5% |
| BAJAJHLDNGBajaj Holdings & Investment | 11,044.00 | plus 1.80% | 1,22,913 | 13.2 | 1.67 | – | 11.6% | 78.8% | 19.0% | 25.7% | 1.18% | minus 10.3% |
| HDFCAMCHDFC Asset Management Company | 2,649.80 | plus 0.37% | 1,13,701 | 38.3 | 13.19 | 38.5% | 36.4% | 81.4% | 23.9% | 26.2% | 2.04% | minus 2.3% |
| SBIFUNDSSBI Funds Management | 499.55 | minus 1.30% | 1,01,750 | 33.3 | 13.47 | – | 40.4% | 78.5% | – | – | 0.00% | minus 18.1% |
| NAM-INDIANippon Life India Asset Management | 1,065.20 | minus 0.37% | 68,177 | 42.8 | 14.29 | 40.0% | 35.3% | 67.3% | 26.1% | 28.3% | 2.07% | plus 21.3% |
| 360ONE360 ONE WAM | 1,145.00 | plus 0.36% | 49,107 | 38.7 | 4.50 | 13.5% | 12.7% | 47.3% | 24.0% | 22.7% | 1.18% | plus 5.7% |
| ARNOLDArnold Holdings | 18.43 | 0.00% | 44 | 3.7 | 0.68 | 15.0% | 7.1% | 6.7% | 0.8% | 5.1% | 0.00% | minus 15.2% |
| Median of 7 peers | – | 0.36% | 1,13,701 | 38.7 | 13.19 | 38.5% | 35.3% | 75.8% | 25.0% | 27.2% | 1.18% | −2.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 44.4 | 38.8 | 38 | 45.9 | 70.8 | |
| 38.2 | 34.7 | 34.2 | 47.7 | 64.1 | |
| 6.2 | 4.1 | 3.8 | −1.8 | 6.7 | |
| 14.0% | 10.7% | 10.1% | −3.9% | 9.5% | |
| 0.4 | 0 | 0.1 | 1.7 | 0.3 | |
| 2.1 | 1.8 | 1.7 | 1.8 | 2.3 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | |
| 4.3 | 2.2 | 2 | −2 | 4.7 | |
| 25.2% | 25.2% | 25.2% | −22.0% | 25.2% | |
| 3.2 | 1.7 | 1.5 | −2.5 | 3.5 | |
| 5.41 | 0.70 | 2.54 | -4.17 | 5.90 |
Profit & loss
- Sales CAGR 3Y
- +0.8%
- Profit CAGR 3Y
- +5.1%
- EPS CAGR 3Y
- +13.7%
- ROE
- 7.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 163 | 205 | 200 | 167 | |
| – | +25.5% | minus 2.4% | minus 16.4% | |
| 152 | 185 | 189 | 154 | |
| 10.8 | 19.2 | 11 | 12.6 | |
| 6.6% | 9.4% | 5.5% | 7.5% | |
| 1 | 1.2 | 2 | 2 | |
| 6.3 | 5.5 | 5.5 | 7.3 | |
| 0.8 | 2.1 | 1.4 | 0.8 | |
| 0.4 | – | – | – | |
| 5 | 12.7 | 6.2 | 6.5 | |
| 24.2% | 30.8% | 13.6% | 32.0% | |
| 3.8 | 8.8 | 5.3 | 4.4 | |
| – | +131.7% | minus 39.6% | minus 17.0% | |
| 1.27 | 3.71 | 2.24 | 1.86 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30.1 | 23.8 | 23.8 | 23.8 | |
| 29.3 | 31.2 | 36.5 | 40.9 | |
| 72.9 | 60.1 | 84.2 | 85.5 | |
| 5.7 | 25.3 | 12.9 | 22.4 | |
| 138 | 140 | 157 | 173 | |
| 5 | 0.7 | 0.7 | 0.6 | |
| 0.5 | – | – | – | |
| 9.8 | 22.9 | 0.4 | 1.5 | |
| 28.1 | 32.3 | 37.9 | 40.9 | |
| 94.6 | 84.4 | 118 | 130 | |
| 138 | 140 | 157 | 173 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −3.9 | 30.6 | −11.6 | 22.8 | |
| −7.7 | −13.4 | −3.8 | −12.5 | |
| 29.6 | −26.6 | 16.4 | −7.9 | |
| 18 | −9.3 | 1 | 2.4 | |
| −5.1 | −3.9 | −0.2 | −0 | |
| −9 | 26.8 | −11.9 | 22.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 1.1% (Yahoo estimate).
Major shareholders
Filings & events
News
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