Arfin India Reaches 52-Week High as Stock Surges on ₹180 Crore JFE Shoji Order

Gandhinagar, September 19, 2025:  Arfin India Limited (BSE: 539151, NSE: ARFIN) shares surged on Friday as the company has won a substantial aluminium supply order of approximately ₹180 crore from JFE Shoji India Private Limited. The shares jumped more than 4 per cent in early trade, reaching a new 52-week high of ₹47.30 at the opening bell before cutting some gains.

With a head office in Gujarat, Arfin India Limited operates in the manufacture and supply of aluminum products such as ingots, wire rods, and shots. It has a broad customer base across various industries and has progressively grown to cover both domestic and export markets. Arfin has become a niche player in India’s aluminum value chain since it was listed on the BSE and NSE.

Major Supply Contract with JFE Shoji

The order is for supplying aluminium ingots, wire rods and cubes/shots aggregating about 6,900 metric tonnes. The execution will be between October 2025 and March 2026, with an average run rate of about 1,150 MT per month, which amounts to about ₹30 crore monthly revenues for Arfin India.

The company assured that JFE Shoji is not a related party, emphasizing the strategic significance of the order as a pure commercial deal. Analysts perceive this transaction as a solid endorsement of the quality of Arfin’s products and increasing applicability in India’s aluminium supply chain.

Stock Performance

At 11:30 am IST, Arfin India was at ₹46.00, up by 2.11 per cent from the last close of ₹45.05. The counter has shown impressive gains in the last two months, going up by almost 50 per cent from its 52-week low of ₹31.43 marked on July 29, 2025.

The rally has also brought its market capitalization near ₹800 crore with a free float market cap of around ₹238 crore. Volumes were robust with over 1 lakh shares being traded in the first hour of trade.

Industry and Valuation Context

Arfin India is active in the aluminium sector, supplying both local and foreign customers. Although Arfin India’s adjusted price-to-earnings ratio is at a high 688.78, market players observe that the premium valuation is due to expectations of faster earnings expansion from massive orders like the JFE Shoji agreement.

The overall metals and mining index also posted gains on Friday, providing further support for sentiment on aluminium as well as non-ferrous producers.

Future Outlook

The ₹180 crore JFE Shoji order gives good top-line visibility to Arfin India for the next two quarters. The company is expected to take this momentum forward to chase additional opportunities in the domestic market while increasing its footprint in overseas exports. As the demand for aluminium increases in end-use segments like automobiles, power transmission, and infrastructure, Arfin India stands to gain from long-term structural growth in the sector.

REF: https://nsearchives.nseindia.com/corporate/ARFIND_18092025181346_ArfinIntimationoforderJFE.PDF

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