Aryaman Capital Markets Ltd
Aryaman Capital Markets Ltd is the fund-based and secondary-market arm of the Aryaman Group. It undertakes proprietary investments and trading in quoted and unquoted securities, SME market making, underwriting, stock broking and CDSL depository-participant services.[1]
- Market Cap ₹ 514 Cr.
- Current Price ₹ 429
- High / Low ₹ 754 / 385
- Stock P/E 20.9
- Book Value ₹ 90.3
- Dividend Yield 0.00 %
- ROCE 31.9 %
- ROE 30.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 157% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.6%
- Company's working capital requirements have reduced from 88.3 days to 36.0 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -15.2% 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.
Peer comparison
Financial Services Financial Services Finance Investment Company
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 10 | 23 | 28 | 78 | 85 | 135 | 73 | 47 | 34 | 77 | 59 | 43 | |
| 7 | 10 | 21 | 27 | 75 | 82 | 132 | 70 | 42 | 23 | 47 | 27 | 15 | |
| Operating Profit | 0 | 0 | 2 | 1 | 3 | 3 | 3 | 3 | 5 | 11 | 31 | 32 | 28 |
| OPM % | 4.9% | 2.6% | 7% | 4.2% | 3.6% | 3.5% | 2.4% | 4.0% | 11% | 33% | 40% | 54% | 65% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | |
| Interest | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 2 | 3 | 4 | 4 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | 7 | 27 | 33 | 30 |
| Tax % | 40% | 37% | 22% | 2% | 24% | 9% | 26% | 30% | 17% | 14% | 15% | 16% | |
| 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 23 | 28 | 25 | |
| EPS in Rs | 0.05 | 0.10 | 1.01 | 0.41 | 0.18 | 0.08 | 0.21 | 0.27 | 1.24 | 5.39 | 19.14 | 23.20 | 20.54 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | -15% |
| 3 Years: | 8% |
| TTM: | -55% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 72% |
| 5 Years: | 157% |
| 3 Years: | 165% |
| TTM: | -27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 60% |
| 3 Years: | 105% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 26% |
| 3 Years: | 31% |
| Last Year: | 30% |
Balance Sheet
Figures in Rs. Crores
| 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 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 1 | 3 | 7 | 8 | 8 | 6 | 6 | 6 | 17 | 29 | 65 | 96 |
| 0 | 0 | 0 | 18 | 32 | 33 | 28 | 31 | 41 | 46 | 28 | 0 | |
| 1 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 2 | 4 | 11 | 10 | |
| Total Liabilities | 14 | 15 | 20 | 39 | 52 | 51 | 47 | 50 | 72 | 91 | 116 | 118 |
| 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7 | 6 | 15 | 23 | 13 | 5 | 4 | 6 | 18 | 26 | 47 | 82 |
| 6 | 8 | 4 | 15 | 38 | 44 | 41 | 42 | 52 | 64 | 68 | 34 | |
| Total Assets | 14 | 15 | 20 | 39 | 52 | 51 | 47 | 50 | 72 | 91 | 116 | 118 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -2 | 7 | -10 | -18 | -4 | 13 | 9 | 7 | 9 | 28 | 34 | |
| -2 | 2 | -5 | -7 | 9 | 5 | 1 | -1 | -1 | 2 | -3 | -30 | |
| 3 | -0 | -1 | 17 | 12 | -2 | -8 | 0 | 7 | 2 | -22 | -29 | |
| Net Cash Flow | 1 | -0 | 0 | 0 | 3 | -1 | 7 | 8 | 13 | 12 | 4 | -25 |
| Free Cash Flow | 0 | -2 | 7 | -10 | -19 | -4 | 13 | 9 | 7 | 9 | 28 | 33 |
| CFO/OP | 68% | -827% | 416% | -805% | -632% | -134% | 404% | 327% | 145% | 81% | 94% | 126% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 0 | 2 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Inventory Days | 204 | 194 | 8 | 151 | 150 | 165 | 78 | 108 | 146 | 260 | 134 | 0 |
| Days Payable | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 11 | |
| Cash Conversion Cycle | 204 | 194 | 7 | 153 | 151 | 165 | 77 | 108 | 147 | 261 | 124 | 1 |
| Working Capital Days | 144 | 181 | -2 | -79 | -1 | 163 | 75 | 104 | 133 | 172 | 57 | 36 |
| ROCE % | 2% | 1% | 9% | 4% | 6% | 6% | 6% | 6% | 8% | 14% | 32% | 32% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Annual purchase of stock-in-trade (trading activity) INR lakhs |
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| Investments portfolio (non-current, quoted equity) INR lakhs |
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| Stock-in-trade (quoted equity inventory for market making) INR lakhs |
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| Annual sales of stock-in-trade (trading activity) INR lakhs |
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| Number of permanent employees count |
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| Number of SME scrips added to market-making portfolio during the year count |
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| Cumulative number of scrips served as market maker (since inception) count |
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| Number of scrips as sole designated market maker count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Clipping- Notice of the 18th Annual General Meeting
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Clippings - Unaudited Financial Results
- Intimation Of Book Closure For 18Th Annual General Meeting
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Reg. 34 (1) Annual Report.
- FY26 annual report and 18th AGM notice; seeks director reappointment and related-party approvals up to ₹50 crore each.
- Notice Of 18Th Annual General Meeting (AGM) To Be Held On Wednesday, September 02, 2026
Annual reports
-
Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
Business Overview:[1]
ACML is a 74.28%-owned subsidiary of
Aryaman Financial Services Ltd. Unlike its merchant-banking parent, ACML principally undertakes fund-based investments, market making, broking, underwriting and DP services. It is registered with BSE, NSE, MCX and CDSL. [2]The company migrated from the BSE SME platform to the BSE Main Board on May 8, 2025. [3]