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Arfin India shareholders and shareholding pattern

NSE: ARFINBSE: 539151Non - Ferrous MetalsSmall Cap

Last close ₹84.19down ₹6.41 (7.08%)BSE ₹84.46

Share price at the NSE close on 23 Oct 2026. Previous close ₹90.60.

52-week range of traded prices to 23 Oct 2026
₹51.01Low, 23 Oct 2025₹113.83High, 9 Oct 2026
Market cap
₹1,420 Cr1,313th largest listed
P/E
77.0
P/B
8.3
Dividend yield
0.14%
ROE
11.3%
ROCE
15.0%
Debt to equity
0.76
Volume, NSE
14,43,95037.1% delivered

Who owns Arfin India, filing by filing

Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

  • Promoters69.77%
  • Foreign institutions0.60%
  • Indian institutionsNone
  • Governments0.04%
  • Individuals and others29.59%

Shareholding pattern, per cent, from Sep 2022

  • Promoters
  • Foreign institutions
  • Indian institutions
  • Governments
  • Individuals and others
Per centDec 2016Filed 12 JanMar 2017Filed 5 AprJun 2017Filed 10 JulSep 2017Filed 18 OctDec 2017Filed 17 JanMar 2018Filed 20 JunJun 2018Filed 12 JulSep 2018Filed 11 OctDec 2018Filed 12 JanMar 2019Filed 6 AprJun 2019Filed 4 JulSep 2019Filed 5 OctDec 2019Filed 4 JanMar 2020Filed 6 MayJun 2020Filed 6 JulSep 2020Filed 7 OctDec 2020Filed 4 JanMar 2021Filed 2 AprJun 2021Filed 2 JulSep 2021Filed 4 OctDec 2021Filed 4 JanMar 2022Filed 7 AprJun 2022Filed 4 JulSep 2022Filed 12 OctDec 2022Filed 10 JanMar 2023Filed 23 AprJun 2023Filed 20 JulSep 2023Filed 24 JanDec 2023Filed 12 JunMar 2024Filed 23 AprJun 2024Filed 10 JulSep 2024Filed 16 OctDec 2024Filed 6 JanMar 2025Filed 8 AprJun 2025Filed 7 JulSep 2025Filed 11 OctDec 2025Filed 13 JanMar 2026Filed 11 AprJun 2026Filed 15 JulSep 2026Filed 10 Oct
73.27%72.68%72.68%72.68%72.68%72.69%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.09%74.09%69.79%69.79%69.79%69.79%69.79%69.79%69.77%69.77%69.77%69.77%
Indian promoters73.27%72.68%72.68%72.68%72.68%72.69%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.11%74.09%74.09%69.79%69.79%69.79%69.79%69.79%69.79%69.77%69.77%69.77%69.77%
26.73%27.32%27.32%27.32%27.32%27.31%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.89%25.91%25.91%30.21%30.21%30.21%30.21%30.21%30.21%30.23%30.23%30.23%30.23%
Shares in issue30,18,30040,51,15740,51,15740,51,1571,21,53,4711,21,53,4711,32,43,6711,32,43,6711,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,4051,58,92,40515,89,24,05015,89,24,05015,89,24,05015,89,24,05015,89,24,05015,89,24,05016,87,22,48216,87,22,48216,87,22,48216,87,22,48216,87,22,48216,87,22,48216,87,22,48216,87,22,48216,87,22,48216,87,22,482
Shares locked in18,66,30028,99,15728,99,15728,99,15786,97,47177,97,47177,97,47177,97,47126,38,28626,38,28626,38,28626,38,28626,38,286–––––––––––––––––97,98,43297,98,432––––––––
Promoters' shares locked in18,32,90025,65,75725,65,75725,65,75776,97,27176,97,27176,97,27176,97,27126,38,28626,38,28626,38,28626,38,28626,38,286–––––––––––––––––––––––––––
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Arfin India shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

ShareholdersDec 2016Filed 12 JanMar 2017Filed 5 AprJun 2017Filed 10 JulSep 2017Filed 18 OctDec 2017Filed 17 JanMar 2018Filed 20 JunJun 2018Filed 12 JulSep 2018Filed 11 OctDec 2018Filed 12 JanMar 2019Filed 6 AprJun 2019Filed 4 JulSep 2019Filed 5 OctDec 2019Filed 4 JanMar 2020Filed 6 MayJun 2020Filed 6 JulSep 2020Filed 7 OctDec 2020Filed 4 JanMar 2021Filed 2 AprJun 2021Filed 2 JulSep 2021Filed 4 OctDec 2021Filed 4 JanMar 2022Filed 7 AprJun 2022Filed 4 JulSep 2022Filed 12 OctDec 2022Filed 10 JanMar 2023Filed 23 AprJun 2023Filed 20 JulSep 2023Filed 24 JanDec 2023Filed 12 JunMar 2024Filed 23 AprJun 2024Filed 10 JulSep 2024Filed 16 OctDec 2024Filed 6 JanMar 2025Filed 8 AprJun 2025Filed 7 JulSep 2025Filed 11 OctDec 2025Filed 13 JanMar 2026Filed 11 AprJun 2026Filed 15 JulSep 2026Filed 10 Oct
All shareholders7387677829701,6051,6251,7211,7681,9301,8751,8771,8641,8401,8592,0341,9961,9561,9211,9942,0262,5792,3702,3473,9535,3825,2135,1555,4005,6336,2817,1127,9978,3929,3539,0819,86811,01411,97613,54813,608
10101010101010101010101010101010101010101010101010101010101010101010101010101010
Indian promoters10101010101010101010101010101010101010101010101010101010101010101010101010101010
7287577729601,5951,6151,7111,7581,9201,8651,8671,8541,8301,8492,0241,9861,9461,9111,9842,0162,5692,3602,3373,9435,3725,2035,1455,3905,6236,2717,1027,9878,3829,3439,0719,85811,00411,96613,53813,598
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state.

Arfin India promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is MAHENDRAKUMAR RIKHAVCHAND SHAH, 15.19%.Promoter buying and selling

Holder
MAHENDRAKUMAR RIKHAVCHAND SHAHIndividuals and Hindu undivided families15.19%2,56,28,624
JATIN MAHENDRAKUMAR SHAHIndividuals and Hindu undivided families14.91%2,51,59,530
PUSHPABEN MAHENDRAKUMAR SHAHIndividuals and Hindu undivided families12.80%2,16,01,100
RANI JATIN SHAHIndividuals and Hindu undivided families12.64%2,13,33,160
POOJA MAHENDRABHAI SHAHIndividuals and Hindu undivided families4.76%80,24,400
JATIN MAHENDRA SHAHIndividuals and Hindu undivided families3.85%64,98,000
KRISH JATIN SHAHIndividuals and Hindu undivided families2.13%36,00,000
MAHENDRAKUMAR RIKHAVCHAND HUFIndividuals and Hindu undivided families1.93%32,53,530
KHUSHBU MAHENDRABHAI SHAHIndividuals and Hindu undivided families1.02%17,22,850
KHWAISH JATIN SHAHIndividuals and Hindu undivided families0.53%9,00,000
No promoter shares are reported as pledged.

Largest public holders of Arfin India, filing by filing

Per cent, on the same shares as the split above.

HolderDec 2016Filed 12 JanMar 2017Filed 5 AprJun 2017Filed 10 JulSep 2017Filed 18 OctDec 2017Filed 17 JanMar 2018Filed 20 JunJun 2018Filed 12 JulSep 2018Filed 11 OctDec 2018Filed 12 JanMar 2019Filed 6 AprJun 2019Filed 4 JulSep 2019Filed 5 OctDec 2019Filed 4 JanMar 2020Filed 6 MayJun 2020Filed 6 JulSep 2020Filed 7 OctDec 2020Filed 4 JanMar 2021Filed 2 AprJun 2021Filed 2 JulSep 2021Filed 4 OctDec 2021Filed 4 JanMar 2022Filed 7 AprJun 2022Filed 4 JulSep 2022Filed 12 OctDec 2022Filed 10 JanMar 2023Filed 23 AprJun 2023Filed 20 JulSep 2023Filed 24 JanDec 2023Filed 12 JunMar 2024Filed 23 AprJun 2024Filed 10 JulSep 2024Filed 16 OctDec 2024Filed 6 JanMar 2025Filed 8 AprJun 2025Filed 7 JulSep 2025Filed 11 OctDec 2025Filed 13 JanMar 2026Filed 11 AprJun 2026Filed 15 JulSep 2026Filed 10 Oct
JFE SHOJI INDIA PRIVATE LIMITEDCompanies––––––––––––––––––––––––––––––5.81%5.81%5.81%5.81%5.81%5.81%5.81%5.81%5.81%5.81%
L7 HITECH PRIVATE LIMITEDCompanies–––––––––––––––––––––––––––––––––––––1.16%–2.15%
KRUNAL SHAILESHBHAI SHAHResident individuals, over ₹2 lakh at face value–––––––––––––––––––––––––––––––––––––––1.59%
BHOLA MOTOR FINANCE PRIVATE LIMITEDCompanies–––––––––––––––––––––––––––––––––––––––1.22%
SUNIL KISHINCHAND CHELLANINon-resident Indians–––––––––––––––––––––––––––––––––––––1.26%–1.14%
UNICO GLOBAL OPPORTUNITIES FUND LIMITEDForeign portfolio investors, category I–––––––––––––––––––––––––––––––2.41%2.41%2.41%2.41%2.12%1.80%–––
PARASMAL GHEWARCHAND NAHATAResident individuals, over ₹2 lakh at face value–1.23%1.23%1.23%1.23%1.23%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.07%1.07%1.07%1.07%1.07%1.07%1.07%–––
GOPAL SHANTILAL SHAHResident individuals, over ₹2 lakh at face value–1.23%4.11%2.88%2.05%2.05%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.85%1.85%1.85%1.85%1.85%1.85%1.74%1.74%1.74%1.74%1.74%–––––
KHATOD VARTIKA VIJENDRAResident individuals, over ₹2 lakh at face value–1.23%1.23%1.23%1.23%1.23%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.07%1.07%1.07%1.07%1.07%–––––
SHANTILAL TULSIRAM KHATORResident individuals, over ₹2 lakh at face value–1.23%1.23%1.23%1.23%1.23%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.13%1.07%1.07%1.07%1.07%1.07%–––––
ELARA INDIA OPPORTUNITIES FUND LIMITEDForeign portfolio investors, category I––––––––––1.78%1.78%1.78%1.78%1.78%1.78%1.78%1.78%1.78%1.78%1.78%1.78%1.78%–––––2.56%2.56%2.41%–––––––––
SHAISHAV RAKESHKUMAR SHAHResident individuals, over ₹2 lakh at face value–––––––––––––––––––––––1.92%1.92%1.92%––––––––––––––
BABITA R SHAHResident individuals, over ₹2 lakh at face value–1.03%1.03%1.03%1.03%1.03%––––1.01%1.01%1.01%1.01%1.01%1.01%1.01%1.01%1.01%1.01%1.01%–––––––––––––––––––
MONARCH NETWORTH CAPITAL LIMITEDOther non-institutions–––––––––1.71%––––––––––––––––––––––––––––––
TUSHAR RAMESHCHANDRA MEHTAResident individuals, over ₹2 lakh at face value–––––––1.64%––––––––––––––––––––––––––––––––
TARUBEN LALITKUMAR GANDHIResident individuals, over ₹2 lakh at face value–––1.85%1.85%1.85%1.70%–––––––––––––––––––––––––––––––––
Sumitra Lalitkumar ShahResident individuals, over ₹2 lakh at face value–1.03%1.03%1.03%1.03%1.03%––––––––––––––––––––––––––––––––––
Urja Investment Pte. Ltd.Other non-institutions––––1.65%–––––––––––––––––––––––––––––––––––
Rishabh Rameshkumar ShahResident individuals, over ₹2 lakh at face value1.36%1.01%1.01%–––––––––––––––––––––––––––––––––––––
Edelweiss Broking LtdOther non-institutions–2.88%––––––––––––––––––––––––––––––––––––––
Shah Priti GopalResident individuals, over ₹2 lakh at face value3.96%–––––––––––––––––––––––––––––––––––––––
Manjudevi Madanlal NahataResident individuals, over ₹2 lakh at face value1.33%–––––––––––––––––––––––––––––––––––––––
Ratandevi Sureshkumar NahataResident individuals, over ₹2 lakh at face value1.33%–––––––––––––––––––––––––––––––––––––––
Sishiladevi Parasmal NahataResident individuals, over ₹2 lakh at face value1.33%–––––––––––––––––––––––––––––––––––––––
Pratik Lalitkumar ShahResident individuals, over ₹2 lakh at face value1.17%–––––––––––––––––––––––––––––––––––––––
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.