Arohan Financial Services Unlisted Shares

AROHAN_FIN_SERV · Financials

Arohan Financial Services

AROHAN_FIN_SERVFinancials

₹228

-2%

P/E Ratio

30.6

P/B Ratio

1.72

ROE

5.65%

Mkt Cap

₹3,734 Cr

52W Low ₹22552W High ₹260

Settlement

05 Aug 2026

Min. units

250

Price History

▲ ₹96 (+72.73%) over all time

Share Price & Details

Key figures for Arohan Financial Services

Price: ₹228
Market Cap: ₹3,734 Cr
P/E Ratio: 30.6
P/B Ratio: 1.72
Debt to Equity: 2.62
ROE (%): 5.65%
Book Value: ₹136.39
Face Value: ₹10
Lot Size: 250
Total Shares: 15,89,12,300

About Arohan Financial Services

Arohan Financial Services Limited is a non-banking finance company–microfinance institution focused on financial inclusion. Part of the Aavishkaar Group, Arohan provides income-generating loans and allied products to low-income customers with limited access to formal credit. As of March 31, 2025, it reported a Gross Loan Portfolio of ₹6,003 crore. The company also distributes insurance as a registered Corporate Agent (Composite). Arohan offers group and individual loans and term lending to microfinance institutions. Operations emphasise responsible lending, customer protection and governance while expanding access to credit across underserved regions in India.

Key Highlights

Sector Leadership – Fifth-largest NBFC-MFI in India with a stronghold in Eastern India.
Rapid Increase – Loan portfolio expanded at a 68% CAGR, reaching ₹6,616 crore in 2024.
Solid Asset Quality – Gross NPA reduced from 11.23% (2021) to 1.64% (2024), with Net NPA at 0%.

Shareholding Pattern

Others35.78%

Tano India Private Equity Fund II10.50%

Teachers Insurance And Annuity Association Of America12.09%

Intellectual Capital Advisory Services Private Limited10.37%

Aavishkaar Goodwell India Microfinance Development Company II Limited11.67%

Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V. (FMO9.90%

Pros

Sector Leadership – Fifth-largest NBFC-MFI in India with a stronghold in Eastern India.
Rapid Increase – Loan portfolio expanded at a 68% CAGR, reaching ₹6,616 crore in 2024.
Solid Asset Quality – Gross NPA reduced from 11.23% (2021) to 1.64% (2024), with Net NPA at 0%.

Cons

High Borrowing Dependency – Borrowings reached ₹5,617 crore, making up 69% of liabilities.
Low PAT Margins – Profitability impacted, with PAT margins at 22.7% due to rising costs.
Regional Concentration – Heavy exposure to low-income states increases default risks.

Analyst Insights

Investment Overview

Arohan Financial Services is an unlisted company operating in the Financials sector (Microfinance). Arohan Financial Services Limited is a non-banking finance company–microfinance institution focused on financial inclusion. Part of the Aavishkaar Group, Arohan provides income-generating loans and allied products to low-income customers with limited access to formal credit. As of March 31, 2025, it…

Strengths

: Sector Leadership – Fifth-largest NBFC-MFI in India with a stronghold in Eastern India.
: Rapid Increase – Loan portfolio expanded at a 68% CAGR, reaching ₹6,616 crore in 2024.
: Solid Asset Quality – Gross NPA reduced from 11.23% (2021) to 1.64% (2024), with Net NPA at 0%.

Key Risks

: High Borrowing Dependency – Borrowings reached ₹5,617 crore, making up 69% of liabilities.
: Low PAT Margins – Profitability impacted, with PAT margins at 22.7% due to rising costs.
: Regional Concentration – Heavy exposure to low-income states increases default risks.

Valuation View

The current unlisted market price is ₹232.65 per share with a market capitalisation of approximately ₹3734 crore. IPO Status: Forthcoming/Deferred. Investors are advised to review the full financial data and consult an advisor before investing.

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