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 ₹ 958 Cr.
- Current Price ₹ 782
- High / Low ₹ 1,100 / 375
- Stock P/E 25.2
- Book Value ₹ 105
- Dividend Yield 0.00 %
- ROCE 31.9 %
- ROE 31.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 103% CAGR over last 5 years
- Company's median sales growth is 38.7% of last 10 years
- Company's working capital requirements have reduced from 92.0 days to 54.3 days
Cons
- Stock is trading at 7.44 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 5.71% over past five 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 9 | 13 | 28 | 39 | 87 | 89 | 138 | 85 | 56 | 70 | 118 | 131 | |
5 | 8 | 12 | 25 | 35 | 82 | 85 | 134 | 74 | 46 | 34 | 60 | 70 | |
Operating Profit | 1 | 1 | 1 | 4 | 5 | 5 | 4 | 4 | 11 | 10 | 36 | 58 | 61 |
OPM % | 14% | 8% | 8% | 13% | 12% | 6% | 5% | 3% | 13% | 17% | 51% | 49% | 46% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | |
Interest | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 2 | 3 | 4 | 4 | 3 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 8 | 6 | 32 | 54 | 63 |
Tax % | 21% | 25% | 25% | 24% | 22% | 26% | 29% | 23% | 11% | 19% | 14% | 17% | |
0 | 0 | 1 | 2 | 3 | 2 | 1 | 1 | 8 | 5 | 28 | 45 | 52 | |
EPS in Rs | 0.44 | 0.35 | 0.61 | 2.05 | 2.41 | 1.52 | 0.78 | 0.66 | 3.99 | 3.36 | 15.11 | 25.77 | 31.74 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 30% |
5 Years: | 6% |
3 Years: | 12% |
TTM: | 99% |
Compounded Profit Growth | |
---|---|
10 Years: | 56% |
5 Years: | 103% |
3 Years: | 89% |
TTM: | 84% |
Stock Price CAGR | |
---|---|
10 Years: | 50% |
5 Years: | 74% |
3 Years: | 116% |
1 Year: | 95% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 20% |
3 Years: | 25% |
Last Year: | 31% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | 3 | 5 | 6 | 14 | 17 | 19 | 18 | 24 | 30 | 44 | 61 | 116 |
1 | 1 | 0 | 3 | 18 | 32 | 33 | 28 | 31 | 41 | 46 | 28 | |
1 | 4 | 5 | 8 | 18 | 16 | 14 | 20 | 26 | 36 | 41 | 68 | |
Total Liabilities | 17 | 21 | 22 | 37 | 65 | 79 | 77 | 83 | 99 | 133 | 160 | 225 |
2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 5 | 7 | 6 | 24 | 35 | 28 | 21 | 30 | 39 | 58 | 62 | 97 |
10 | 12 | 14 | 11 | 28 | 49 | 54 | 51 | 58 | 73 | 96 | 125 | |
Total Assets | 17 | 21 | 22 | 37 | 65 | 79 | 77 | 83 | 99 | 133 | 160 | 225 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1 | 1 | -0 | 6 | -7 | -17 | -5 | 14 | 17 | 11 | 26 | 46 | |
-3 | -2 | 2 | -11 | -7 | 8 | 6 | 2 | -3 | 1 | -6 | -12 | |
4 | 3 | -1 | 5 | 14 | 12 | -2 | -8 | 0 | 7 | 2 | -8 | |
Net Cash Flow | 0 | 1 | 1 | 0 | 0 | 2 | -2 | 8 | 14 | 19 | 21 | 26 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 7 | 9 | 2 | 2 | 2 | 1 | 1 | 0 | 1 | 2 | 2 | 1 |
Inventory Days | 446 | 204 | 194 | 8 | 151 | 150 | 165 | 78 | 108 | 146 | 260 | 134 |
Days Payable | 4 | 3 | 4 | 3 | 46 | 9 | 0 | 1 | 1 | 5 | 2 | 11 |
Cash Conversion Cycle | 449 | 210 | 192 | 7 | 107 | 142 | 166 | 77 | 108 | 143 | 260 | 123 |
Working Capital Days | 92 | 88 | 119 | -38 | 101 | 2 | 33 | 79 | 97 | 119 | 103 | 54 |
ROCE % | 5% | 4% | 4% | 12% | 9% | 7% | 6% | 5% | 12% | 9% | 26% | 32% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Sep - Newspaper Clippings - Notice of 31st Annual General Meeting
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Intimation Of Book Closure For 31St Annual General Meeting
3 Sep - 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.
3 Sep - 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. 3 Sep
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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.
Annual reports
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Financial Year 2025
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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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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]