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Aryaman Financial Services Ltd (ARYAMAN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530245 NSE: ARYAMAN Finance - Investment | Small Cap | Aryaman Fin Service Share Price
₹610.75 0.00 (0.00%)
As on 21-Sep'26 16:59
Aryaman Financial Services Ltd (ARYAMAN)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530245 NSE: ARYAMAN Finance - Investment | Small Cap | Aryaman Fin Service Share Price
₹610.75 0.00 (0.00%)
As on 21-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹748 Cr.
Current Price
₹610.8
52-Week Low / High
₹480 / 875
TTM EPS
₹24.2
Book Value per Share
₹142.5
P/E Ratio
25.22
Lower than its 5-year historical median
Industry PE
56.7
Price to Book (P/B)
4.29
Lower than its 5-year historical median
EV/EBITDA
13.77
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
26.38%
Outperforms industry median
Return on Capital Employed (ROCE)
30.11%
Outperforms industry median
Return on Assets (ROA)
16.50%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
-20.83%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
13.74%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹64.5 Cr.
Reserves
₹162 Cr.
Equity
₹12.3 Cr.
Face Value
₹10
All Time Low / High
₹0.63 / 1100.00
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Weak
Is Aryaman Financial Services Ltd a good quality company?
Aryaman Financial Services Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.
-
How efficiently has it grown and managed operations?
By checking its Total Asset growth.
-
How strong is its Capital position and Asset Quality?
By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.
How does Aryaman Financial Services Ltd performance compare with that of its Peers?
AUM Growth of Aryaman Financial Services Ltd vs Industry Peers?
Aryaman Financial Services Ltd AUM CAGR is 23.35%, compared to the 5-year industry median CAGR of 9.58%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Aryaman Financial Services Ltd?
Promoters hold 63.92% of the Aryaman Financial Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Aryaman Financial Services Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 39.6% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Aryaman Financial Services Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 5 | 10.7 | 8.2 | 4.4 | 2.5 | 4.8 | 6.1 | 15.1 | 20 | 15.8 | 19 | |
| YoY Gr. Rt. % | - | 113.4% | -23.5% | -46.2% | -44.2% | 95.5% | 27.5% | 146.1% | 32.2% | -20.8% | - | |
| Adj EPS (₹ ) | 0.9 | 2.1 | 1.4 | 0.7 | 0.5 | 1.2 | 1.6 | 3.3 | 5 | 5.6 | 6.2 | |
| YoY Gr. Rt. % | - | 142.4% | -31.6% | -49.7% | -31% | 134.7% | 41.7% | 99.4% | 53.9% | 12.6% | - | |
| BVPS (₹ ) | 15.2 | 17.2 | 18.7 | 19.4 | 19.9 | 21 | 22.6 | 25.9 | 41 | 46.6 | 48.3 | |
| YoY Gr. Rt. % | - | 13.7% | 8.2% | 3.8% | 2.6% | 5.8% | 7.7% | 14.4% | 58.4% | 13.7% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 5.7 | 11 | 6.6 | 3.5 | 2.4 | 5.4 | 7.1 | 12.7 | 14.7 | 12.4 | 0 | |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 13.6% | 45.1% | 37.1% | -20.8% | ||||
| Adj EPS | 23.4% | 63% | 51.2% | 12.6% | ||||
| BVPS | 13.3% | 18.6% | 27.2% | 13.7% | ||||
| Share Price | 39.6% | 65.3% | 60.8% | -22.2% | ||||
Key Financial Ratios
| RATIOS \ YEARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||||||
| Net Profit Margin (%) | 19.9 | 22.5 | 20.1 | 18.9 | 23.4 | 27.9 | 30.9 | 25.2 | 30.6 | 43.6 | 39.6 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 6.1 | 12.7 | 7.9 | 3.8 | 2.5 | 5.6 | 7.5 | 13.4 | 15.2 | 12.9 | 12.8 | |
Valuation of Aryaman Fin Service - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income + | 28 | 39 | 87 | 89 | 138 | 85 | 56 | 70 | 118 | 84 |
| Exceptional Items ⓘ | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 5 | 6 |
| Expenditure ⓘ + | 25 | 36 | 84 | 88 | 137 | 76 | 49 | 38 | 64 | 38 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 3 | 4 | 2 | 1 | 1 | 8 | 6 | 32 | 54 | 47 |
| Taxes ⓘ | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 5 | 9 | 9 |
| Profit After Tax | 2 | 3 | 2 | 1 | 1 | 8 | 5 | 28 | 45 | 38 |
| Adjusted EPS (₹) | 1.7 | 2.4 | 1.5 | 0.8 | 0.7 | 4.0 | 3.4 | 15.1 | 25.8 | 24.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 26 | 29 | 31 | 30 | 35 | 42 | 56 | 73 | 129 | 160 |
| Short term borrowings | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 0 | 20 | 33 | 34 | 30 | 34 | 47 | 51 | 36 | 10 |
| Current Liabilities | 4 | 5 | 3 | 1 | 2 | 2 | 2 | 2 | 8 | 6 |
| Trade Payables | 0 | 3 | 2 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Other Liabilities | -3 | -3 | -2 | -0 | -0 | -0 | -1 | -0 | -1 | -1 |
| Total Liabilities ⓘ | 37 | 67 | 79 | 77 | 83 | 99 | 133 | 160 | 225 | 237 |
Assets | ||||||||||
| Non Current Asset + | 30 | 40 | 34 | 24 | 33 | 41 | 60 | 67 | 100 | 137 |
| Current Asset + | 7 | 27 | 45 | 53 | 51 | 57 | 72 | 94 | 125 | 100 |
| Total Assets ⓘ | 37 | 67 | 79 | 77 | 83 | 99 | 133 | 160 | 225 | 237 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | -7 | -17 | -5 | 14 | 17 | 11 | 26 | 50 | 34 |
| Cash Flow From Investing Activity ⓘ | -11 | -7 | 8 | 6 | 2 | -3 | 1 | -6 | -12 | -28 |
| Cash Flow From Financing Activity ⓘ | 5 | 14 | 12 | -2 | -8 | 0 | 7 | 2 | -8 | -29 |
| Net Cash Flow ⓘ | 0 | 0 | 2 | -2 | 8 | 14 | 19 | 21 | 30 | -23 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 1.70 | 2.40 | 1.50 | 0.80 | 0.70 | 4 | 3.40 | 15.10 | 25.80 | 24.10 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 22.1 | 25 | 26.2 | 25.7 | 30.3 | 36.1 | 48 | 62.4 | 105.1 | 131 |
Performance Ratios | ||||||||||
| ROA (%) | 8.0 | 5.7 | 2.5 | 1.2 | 1.0 | 8.3 | 4.5 | 18.8 | 23.5 | 16.5 |
| ROE (%) | 11.1 | 10.9 | 6.0 | 3.1 | 2.5 | 19.4 | 10.5 | 42.7 | 44.8 | 26.4 |
| ROCE (%) | 15.0 | 11.8 | 8.9 | 6.6 | 6.1 | 15.9 | 11.1 | 33.2 | 41.9 | 30.1 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 1.2 | 1.7 | 1.9 | 1.8 | 1.4 | 1.4 | 2.4 | 3.9 | 4.9 | 4.6 |
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Aryaman Financial Services Ltd FAQs
The current trading price of Aryaman Fin Service on 21-Sep-2026 16:59 is ₹610.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2026 the market cap of Aryaman Fin Service stood at ₹748.0 Cr
The latest P/E ratio of Aryaman Fin Service as of 20-Sep-2026 is 99.02.
The latest P/B ratio of Aryaman Fin Service as of 20-Sep-2026 is 12.66.
The 52-week high of Aryaman Fin Service is ₹875.0 and the 52-week low is ₹480.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aryaman Fin Service is ₹19.07 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Aryaman Financial Services Ltd is a average quality company.
The key valuation ratios of Aryaman Financial Services Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aryaman Financial Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Aryaman Financial Services Ltd
Aryaman Financial Services incorporated on May 11, 1994, is a Category I merchant banker registered with Securities and Exchange Board of India (SEBI). The registered office is located at 401, Chiranjiv Towers, 43, Nehru Place, New Delhi-110019. The company was ranked as No. 1 in India based on the number of issues completed during the year 2000 -2001. A Category I Merchant Banker and were ranked No.2 in India based on the number of issues completed from April 1 to September 30, 1996.
The company deals mainly in merchant banking activities like issue management, portfolio management services, and corporate debt restructuring. Its specializes in structuring means of finance for a project; efficient issue management of equity/debt instruments; nationwide network for marketing of issues with emphasis on rural areas; providing assistance for takeovers; underwriting and placement of shares with financial institutional investors, non resident Indians, mutual funds, financial institutions and banks.
The thrust area of activity is reviving sick companies. The company conducts viability studies of sick units and prepares viability reports. It has an equity research department carrying out research mainly in the core sectors of the Indian and global economy, companies, securities, stock markets, fresh issues of capital, governmental regulations and other research activities. Research papers are published on the various areas covered.
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