Aryaman Financial Services Ltd
Incorporated in 1994, Aryaman Financial Services Ltd is in the business of Merchant Banking, Investments (Strategic & Non Strategic)[1]
- Market Cap ₹ 949 Cr.
- Current Price ₹ 775
- High / Low ₹ 1,100 / 375
- Stock P/E 144
- Book Value ₹ 41.0
- Dividend Yield 0.00 %
- ROCE 20.4 %
- ROE 15.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 48.8% CAGR over last 5 years
Cons
- Stock is trading at 18.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.6% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2.63 | 1.77 | 2.64 | 5.06 | 10.91 | 8.65 | 4.78 | 2.80 | 5.12 | 6.63 | 15.94 | 19.97 | 20.48 | |
2.07 | 1.32 | 1.87 | 3.42 | 7.53 | 6.27 | 3.46 | 2.01 | 3.23 | 3.99 | 10.80 | 12.89 | 12.80 | |
Operating Profit | 0.56 | 0.45 | 0.77 | 1.64 | 3.38 | 2.38 | 1.32 | 0.79 | 1.89 | 2.64 | 5.14 | 7.08 | 7.68 |
OPM % | 21.29% | 25.42% | 29.17% | 32.41% | 30.98% | 27.51% | 27.62% | 28.21% | 36.91% | 39.82% | 32.25% | 35.45% | 37.50% |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.00 | 0.00 | 1.19 | 1.25 | |
Interest | 0.02 | 0.02 | 0.01 | 0.13 | 0.03 | 0.05 | 0.05 | 0.03 | 0.04 | 0.02 | 0.00 | 0.00 | 0.00 |
Depreciation | 0.02 | 0.02 | 0.07 | 0.11 | 0.12 | 0.11 | 0.07 | 0.08 | 0.08 | 0.08 | 0.07 | 0.05 | 0.05 |
Profit before tax | 0.52 | 0.41 | 0.69 | 1.40 | 3.23 | 2.22 | 1.20 | 0.70 | 1.78 | 2.54 | 5.07 | 8.22 | 8.88 |
Tax % | 19.23% | 21.95% | 21.74% | 28.57% | 25.70% | 25.68% | 30.00% | 17.14% | 24.72% | 25.20% | 25.05% | 25.67% | |
0.41 | 0.32 | 0.55 | 1.00 | 2.41 | 1.65 | 0.84 | 0.58 | 1.34 | 1.90 | 3.80 | 6.12 | 6.61 | |
EPS in Rs | 0.37 | 0.29 | 0.50 | 0.86 | 2.06 | 1.41 | 0.72 | 0.50 | 1.15 | 1.63 | 3.25 | 5.00 | 5.46 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 27% |
5 Years: | 33% |
3 Years: | 57% |
TTM: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | 34% |
5 Years: | 49% |
3 Years: | 66% |
TTM: | 63% |
Stock Price CAGR | |
---|---|
10 Years: | 50% |
5 Years: | 72% |
3 Years: | 146% |
1 Year: | 85% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 13% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10.98 | 10.98 | 10.98 | 11.68 | 11.68 | 11.68 | 11.68 | 11.68 | 11.68 | 11.68 | 11.68 | 12.25 |
Reserves | 3.30 | 3.62 | 4.16 | 6.04 | 8.45 | 10.11 | 10.94 | 11.52 | 12.86 | 14.76 | 18.56 | 37.95 |
0.10 | 0.08 | 0.39 | 0.32 | 0.21 | 0.25 | 0.24 | 0.18 | 0.07 | 0.00 | 0.00 | 0.00 | |
0.73 | 0.95 | 0.94 | 0.69 | 4.65 | 2.75 | 0.65 | 0.93 | 0.84 | 1.87 | 1.17 | 1.86 | |
Total Liabilities | 15.11 | 15.63 | 16.47 | 18.73 | 24.99 | 24.79 | 23.51 | 24.31 | 25.45 | 28.31 | 31.41 | 52.06 |
1.09 | 1.04 | 1.47 | 1.34 | 1.25 | 1.25 | 1.19 | 1.12 | 1.06 | 0.99 | 0.95 | 1.11 | |
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 | 8.69 | 9.37 | 9.37 | 13.47 | 13.76 | 13.47 | 13.47 | 13.47 | 13.47 | 13.47 | 13.47 | 23.97 |
5.33 | 5.22 | 5.63 | 3.92 | 9.98 | 10.07 | 8.85 | 9.72 | 10.92 | 13.85 | 16.99 | 26.98 | |
Total Assets | 15.11 | 15.63 | 16.47 | 18.73 | 24.99 | 24.79 | 23.51 | 24.31 | 25.45 | 28.31 | 31.41 | 52.06 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.02 | 0.35 | 0.69 | 1.38 | 5.87 | -0.66 | -1.23 | 0.93 | 1.19 | 2.44 | 0.06 | 3.43 | |
-1.66 | -0.71 | -0.31 | -2.85 | -5.75 | 0.63 | 0.35 | 0.34 | 0.30 | 0.47 | 0.81 | -9.53 | |
-0.04 | -0.04 | 0.28 | 1.39 | -0.10 | 0.01 | -0.04 | -0.09 | -0.15 | -0.08 | 0.00 | 13.84 | |
Net Cash Flow | 0.32 | -0.40 | 0.66 | -0.08 | 0.02 | -0.02 | -0.93 | 1.17 | 1.34 | 2.84 | 0.87 | 7.75 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 15.27 | 41.24 | 4.15 | 12.26 | 2.01 | 4.22 | 8.40 | 7.82 | 6.42 | 4.40 | 2.52 | 3.11 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 15.27 | 41.24 | 4.15 | 12.26 | 2.01 | 4.22 | 8.40 | 7.82 | 6.42 | 4.40 | 2.52 | 3.11 |
Working Capital Days | -62.45 | -131.98 | -110.61 | -10.10 | -38.47 | 32.49 | 203.12 | 259.41 | 138.30 | 54.50 | 90.45 | 97.97 |
ROCE % | 3.81% | 2.96% | 4.63% | 9.12% | 16.99% | 10.71% | 5.57% | 3.16% | 7.58% | 10.03% | 17.89% | 20.44% |
Documents
Announcements
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Intimation Of Book Closure For 31St Annual General Meeting
28m - Register closed Sep 18–24, 2025 for 31st AGM on Sep 25, 2025 via VC/OAVM.
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Reg. 34 (1) Annual Report.
33m - Annual Report FY2024-25 and AGM notice for Sept 25, 2025; consolidated net profit ₹4,520.09 lakh.
- Notice Of 31St Annual General Meeting (AGM) To Be Held On Thursday, September 25, 2025. 41m
-
Announcement under Regulation 30 (LODR)-Change in Management
29 Aug - Appointed M/s. JNG & Co. LLP as Secretarial Auditor for five years (FY2025-26 to 2029-30), effective Aug 29, 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Held On August 29, 2025
29 Aug - Board approved borrowing/charge powers, secretarial auditor appointment, related-party transactions, director remuneration increases; AGM Sept 25, 2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Services Offerings[1][2]
A) Fund Raising – Equity Capital Markets The company advises corporates and businesses of all sizes which are seeking to mobilize capital from investors in India and overseas through IPOs, FPOs, Rights Issues, and other ways of raising capital.
B) M&A Advisory and Open Offer Management: The M&A segment is engaged in turnkey transaction management and advises a diverse range of clients in medium to large transactions. It provides both buy-side and sell-side advisory services as part of our M&A advisory offerings.
C) Private Equity Offerings: It advises promoters and companies on the key considerations in a PE fundraising exercise.
D) Structured Finance Advisory: The company organizes appropriate financing solutions for client-specific situations and identifies and places the transaction with institutional investors. The portfolio of solutions comprises Promoter Financing and acquisition Financing.
E) Corporate Finance Advisory and Certifications: Managing corporate finance activities such as Schemes of Amalgamations, Mergers, ESOP Transactions, Foreign Remittance and Equity Placements, etc. [3]