Aryaman Financial Services Ltd

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Aryaman Fin.Serv Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Aryaman Financial Services Ltd

₹ 621 -0.59%
23 Oct - close price
afsl.co.in BSE: 530245 NSE: ARYAMAN
About

Incorporated in 1994, Aryaman Financial Services Ltd is in the business of Merchant Banking, Investments (Strategic & Non Strategic)[1]

Key Points

Business Overview: [1][2]
AFSL is a SEBI-registered Category I Merchant Banker providing capital-raising, corporate finance, restructuring and strategic advisory services, with a focus on SME and start-up IPOs.
Through its group companies, Aryaman Capital Markets Ltd, Escorp Asset Management Ltd and Aryaman Finance (India) Ltd, the Group also provides stockbroking, portfolio and asset management, and NBFC services.

Website BSE NSE
  • Market Cap ₹ 761 Cr.
  • Current Price ₹ 621
  • High / Low ₹ 875 / 480
  • Stock P/E 25.6
  • Book Value ₹ 131
  • Dividend Yield 0.00 %
  • ROCE 22.2 %
  • ROE 20.4 %
  • Face Value ₹ 10.0
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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 -9.38% 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 Non Banking Financial Company (NBFC)

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
12 32 17 6 11 25 38 39 29 19 20 10 20
Interest 1 1 1 1 1 1 1 1 1 0 0 0 0
10 10 8 5 4 16 11 29 14 7 10 6 4
Financing Profit 0 20 7 0 6 8 25 10 14 12 10 5 16
Financing Margin % 3% 64% 45% 2% 55% 31% 67% 26% 50% 61% 50% 46% 80%
1 1 1 1 1 1 1 2 1 2 2 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1 21 8 2 7 9 26 12 16 13 12 6 17
Tax % 25% 13% 16% 16% 14% 24% 16% 13% 15% 22% 24% 7% 17%
1 18 7 1 6 7 22 11 13 10 9 6 14
EPS in Rs 0.63 9.23 4.42 0.82 3.14 4.52 12.19 6.83 8.20 6.57 5.63 3.75 8.27
Gross NPA %
Net NPA %
Raw PDF

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 TTM
9 13 28 39 87 89 138 85 56 70 118 84 69
Interest 0 0 0 1 2 3 3 2 3 4 4 1 0
8 12 25 35 82 85 134 74 46 34 60 36 27
Financing Profit 1 1 3 4 3 1 1 9 6 32 54 47 42
Financing Margin % 6% 8% 12% 10% 3% 2% 1% 10% 12% 46% 46% 56% 61%
0 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 0
Profit before tax 1 1 3 4 2 1 1 8 6 32 54 47 48
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 39
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 24.22
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 21%
5 Years: -9%
3 Years: 15%
TTM: -47%
Compounded Profit Growth
10 Years: 46%
5 Years: 107%
3 Years: 96%
TTM: -22%
Stock Price CAGR
10 Years: 40%
5 Years: 66%
3 Years: 58%
1 Year: -26%
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 41 107 77
Total Liabilities 21 22 37 65 79 77 83 99 133 160 264 237
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 62 136 134
12 14 11 28 49 54 51 58 73 96 125 101
Total Assets 21 22 37 65 79 77 83 99 133 160 264 237

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 50 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 30 -23
Free Cash Flow 1 -1 6 -7 -18 -6 14 17 10 26 50 33

Ratios

Consolidated / 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 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Number of IPOs completed as Lead Manager
count ・Standalone data

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Number of permanent employees
count ・Standalone data
Aggregate funds raised by clients (last 5 years)
Rs Crore ・Standalone data
Consecutive years as BSE SME Top Performing Merchant Banker
years ・Standalone data
Current IPO mandate (order book)
Rs Crore ・Standalone data
Market capitalization of listed clients
Rs Crore ・Standalone data
Cumulative IPOs handled as Lead Merchant Banker
count ・Standalone data
Sector-wise client diversification
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
62.17% 62.17% 62.17% 62.17% 62.17% 63.92% 63.92% 63.92% 63.92% 63.92% 63.92% 63.92%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
37.81% 37.81% 37.81% 37.82% 37.82% 36.07% 36.07% 36.07% 36.07% 36.07% 36.07% 36.08%
No. of Shareholders 1,6151,5681,5661,6531,6841,8612,1832,7312,5242,3472,2152,101

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports