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 ₹ 734 Cr.
- Current Price ₹ 599
- High / Low ₹ 1,100 / 480
- Stock P/E 24.8
- Book Value ₹ 131
- Dividend Yield 0.00 %
- ROCE 22.1 %
- ROE 20.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 107% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -10.8% 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 13 | 28 | 39 | 87 | 89 | 138 | 85 | 56 | 70 | 118 | 78 | |
| Interest | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 2 | 3 | 4 | 4 | 1 |
| 8 | 12 | 25 | 35 | 82 | 85 | 134 | 74 | 46 | 34 | 60 | 37 | |
| Financing Profit | 1 | 1 | 3 | 4 | 3 | 1 | 1 | 9 | 6 | 32 | 54 | 41 |
| Financing Margin % | 6% | 8% | 12% | 10% | 3% | 2% | 1% | 10% | 12% | 46% | 46% | 52% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 8 | 6 | 32 | 54 | 47 |
| Tax % | 25% | 25% | 24% | 22% | 26% | 29% | 23% | 11% | 19% | 14% | 17% | 18% |
| 0 | 1 | 2 | 3 | 2 | 1 | 1 | 8 | 5 | 28 | 45 | 38 | |
| EPS in Rs | 0.35 | 0.61 | 2.05 | 2.41 | 1.52 | 0.78 | 0.66 | 3.99 | 3.36 | 15.11 | 25.77 | 24.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | -11% |
| 3 Years: | 12% |
| TTM: | -34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 46% |
| 5 Years: | 107% |
| 3 Years: | 96% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 40% |
| 5 Years: | 70% |
| 3 Years: | 58% |
| 1 Year: | 11% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 22% |
| 3 Years: | 25% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 5 | 6 | 14 | 17 | 19 | 18 | 24 | 30 | 44 | 61 | 116 | 148 |
| Borrowing | 1 | 0 | 3 | 18 | 32 | 33 | 28 | 31 | 41 | 46 | 28 | 0 |
| 4 | 5 | 8 | 18 | 16 | 14 | 20 | 26 | 36 | 41 | 68 | 77 | |
| Total Liabilities | 21 | 22 | 37 | 65 | 79 | 77 | 83 | 99 | 133 | 160 | 225 | 237 |
| 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 6 | 24 | 35 | 28 | 21 | 30 | 39 | 58 | 62 | 97 | 134 |
| 12 | 14 | 11 | 28 | 49 | 54 | 51 | 58 | 73 | 96 | 125 | 101 | |
| Total Assets | 21 | 22 | 37 | 65 | 79 | 77 | 83 | 99 | 133 | 160 | 225 | 237 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | -0 | 6 | -7 | -17 | -5 | 14 | 17 | 11 | 26 | 46 | 34 | |
| -2 | 2 | -11 | -7 | 8 | 6 | 2 | -3 | 1 | -6 | -12 | -28 | |
| 3 | -1 | 5 | 14 | 12 | -2 | -8 | 0 | 7 | 2 | -8 | -29 | |
| Net Cash Flow | 1 | 1 | 0 | 0 | 2 | -2 | 8 | 14 | 19 | 21 | 26 | -23 |
| Free Cash Flow | 1 | -1 | 6 | -7 | -18 | -6 | 14 | 17 | 10 | 26 | 46 | 33 |
| CFO/OP | 81% | -36% | 187% | -117% | -318% | -116% | 346% | 155% | 123% | 83% | 88% | 102% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 3% | 4% | 11% | 10% | 6% | 3% | 2% | 12% | 8% | 27% | 31% | 20% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cumulative IPOs Led Managed Number |
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| Funds Raised (Cumulative Last 5 Years) INR Crores |
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| IPO Mandates Pipeline INR Crores |
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| Number of IPOs completed (Annual) Number |
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| Total Employees (Group) Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Newspaper Advertisement under Regulation 47 read with Regulation 33 of the SEBI (LODR) Regulations, 2015
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Announcement under Regulation 30 (LODR)-Change in Management
21 May - Aryaman Financial appointed M/s. KKMK & Associates as internal auditor for FY 2026-27 and 2027-28.
- Results For The Financial Year Ended March 31, 2026 21 May
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Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday May 21, 2026
21 May - Board approved FY26 audited standalone and consolidated results; appointed KKMK & Associates internal auditor for FY27-28.
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Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday May 21, 2026
21 May - Board approved FY26 audited standalone and consolidated results on May 21; appointed internal auditor for FY26-28.
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]