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Last Updated: April 2, 2026, 4:08 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 530245 | NSE: ARYAMAN

Aryaman Financial Services Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹706.84Undervalued by 15.31%vs CMP ₹613.00

P/E (22.5) × ROE (31.3%) × BV (₹123.00) × DY (2.00%)

₹518.26Overvalued by 15.46%vs CMP ₹613.00
MoS: -18.3% (Negative)Confidence: 50/100 (Moderate)Models: 2 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,037.8627%Under (+69.3%)
Graham NumberEarnings₹274.5220%Over (-55.2%)
Earnings PowerEarnings₹183.6613%Over (-70%)
DCFCash Flow₹861.1213%Under (+40.5%)
Net Asset ValueAssets₹122.449%Over (-80%)
Earnings YieldEarnings₹272.309%Over (-55.6%)
ROCE CapitalReturns₹72.349%Over (-88.2%)
Consensus (7 models)₹518.26100%Overvalued
Key Drivers: EPS CAGR 46.8% lifts DCF — verify sustainability. | Wide model spread (₹72–₹1,038) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 46.8%

*Investments are subject to market risks

Investment Snapshot

71
Aryaman Financial Services Ltd scores 71/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health87/100 · Strong
ROCE 31.9% ExcellentROE 31.3% ExcellentD/E 0.79 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 63.9% Stable
Earnings Quality60/100 · Moderate
Working capital: 54 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Profit (4Q): +20% YoY Positive
Industry Rank90/100 · Strong
P/E 22.5 vs industry 101.6 Cheaper than peersROCE 31.9% vs industry 15.8% Above peersROE 31.3% vs industry 8.8% Above peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Aryaman Financial Services Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
30/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 22.5 vs Ind 101.6 | ROCE 31.9% | ROE 31.3% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.79x | IntCov 0.0x | Current 2.78x | Borrow/Reserve 0.00x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹45 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-17
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP -13.8% | Q OPM N/A
Derived FieldValueHow it is derived
Valuation Gap %-15.5%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-207Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change-13.8%Latest quarter net profit vs previous quarter net profit
Quarterly OPM ChangeN/ALatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:08 am

Market Cap 751 Cr.
Current Price 613
Intrinsic Value₹518.26
High / Low 1,100/450
Stock P/E22.5
Book Value 123
Dividend Yield0.00 %
ROCE31.9 %
ROE31.3 %
Face Value 10.0
PEG Ratio0.48

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Aryaman Financial Services Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Aryaman Financial Services Ltd 751 Cr. 613 1,100/45022.5 1230.00 %31.9 %31.3 % 10.0
Finkurve Financial Services Ltd 789 Cr. 56.4 154/48.036.0 23.50.00 %11.4 %8.81 % 1.00
Fedders Holding Ltd 691 Cr. 34.3 63.5/28.611.4 32.80.00 %7.37 %7.05 % 1.00
Capital India Finance Ltd 825 Cr. 21.1 44.5/20.4 17.20.09 %6.34 %0.30 % 2.00
Crest Ventures Ltd 935 Cr. 329 450/29819.6 4440.30 %9.68 %7.70 % 10.0
Industry Average22,241.21 Cr369.74101.56513.160.26%15.81%8.84%8.50

All Competitor Stocks of Aryaman Financial Services Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue24.7912.5211.5031.6516.736.2710.9724.8637.5839.4528.7918.9819.95
Interest 0.890.900.920.930.930.981.041.020.930.610.650.250.01
Expenses 17.7215.4010.1810.318.345.173.8916.0611.4628.7813.717.2210.06
Financing Profit6.18-3.780.4020.417.460.126.047.7825.1910.0614.4311.519.88
Financing Margin %24.93%-30.19%3.48%64.49%44.59%1.91%55.06%31.30%67.03%25.50%50.12%60.64%49.52%
Other Income 0.630.710.730.850.871.441.131.280.652.171.251.751.81
Depreciation 0.040.040.040.040.040.020.030.040.040.040.050.070.06
Profit before tax 6.77-3.111.0921.228.291.547.149.0225.8012.1915.6313.1911.63
Tax % 11.37%-4.18%24.77%12.96%16.16%16.23%14.43%23.61%16.24%13.04%15.42%21.99%23.82%
Net Profit 5.99-2.990.8118.466.951.286.116.8921.6110.5913.2210.298.87
EPS in Rs 3.70-1.840.639.234.420.823.144.5212.196.838.206.575.63
Gross NPA %
Net NPA %

Last Updated: March 3, 2026, 12:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:05 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue691328398789138855670118107
Interest 0000123323442
Expenses 5812253582851347446346060
Financing Profit1113431196325446
Financing Margin %12%6%8%12%10%3%2%1%10%12%46%46%43%
Other Income 0000000000007
Depreciation 0000000000000
Profit before tax 1113421186325453
Tax % 21%25%25%24%22%26%29%23%11%19%14%17%
Net Profit 0012321185284543
EPS in Rs 0.440.350.612.052.411.520.780.663.993.3615.1125.7727.23
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)100.00%50.00%-33.33%-50.00%0.00%700.00%-37.50%460.00%60.71%
Change in YoY Net Profit Growth (%)0.00%-50.00%-83.33%-16.67%50.00%700.00%-737.50%497.50%-399.29%

Aryaman Financial Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:29%
5 Years:5%
3 Years:10%
TTM:99%
Compounded Profit Growth
10 Years:56%
5 Years:103%
3 Years:89%
TTM:84%
Stock Price CAGR
10 Years:50%
5 Years:71%
3 Years:146%
1 Year:87%
Return on Equity
10 Years:16%
5 Years:20%
3 Years:25%
Last Year:31%

Last Updated: September 5, 2025, 2:26 pm

Balance Sheet

Last Updated: February 1, 2026, 2:21 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11111112121212121212121212
Reserves 3561417191824304461116138
Borrowing110318323328314146280
Other Liabilities 1458181614202636416876
Total Liabilities 172122376579778399133160225226
Fixed Assets 2223222222223
CWIP 0000000000000
Investments 576243528213039586297105
Other Assets 1012141128495451587396125119
Total Assets 172122376579778399133160225226

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -11-06-7-17-51417112646
Cash from Investing Activity + -3-22-11-7862-31-6-12
Cash from Financing Activity + 43-151412-2-8072-8
Net Cash Flow 011002-2814192126
Free Cash Flow -11-16-7-18-61417102646
CFO/OP -114%81%-36%187%-117%-318%-116%346%155%123%83%88%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow4.007.0012.0022.0017.0050.0052.00106.0043.005.00-12.0032.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 792221101221
Inventory Days 446204194815115016578108146260134
Days Payable 43434690115211
Cash Conversion Cycle 449210192710714216677108143260123
Working Capital Days 9288119-38101233799711910354
ROCE %5%4%4%12%9%7%6%5%12%9%26%32%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.17%62.17%62.17%62.17%62.17%62.17%62.17%62.17%63.92%63.92%63.92%63.92%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 37.82%37.83%37.81%37.81%37.81%37.81%37.82%37.82%36.07%36.07%36.07%36.07%
No. of Shareholders 1,6001,5961,5671,6151,5681,5661,6531,6841,8612,1832,7312,524

Shareholding Pattern Chart

No. of Shareholders

Aryaman Financial Services Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 38.6423.554.406.440.71
Diluted EPS (Rs.) 38.6423.554.406.440.71
Cash EPS (Rs.) 37.0323.684.536.550.83
Book Value[Excl.RevalReserv]/Share (Rs.) 105.1262.3971.8154.2844.51
Book Value[Incl.RevalReserv]/Share (Rs.) 105.1262.3971.8154.2844.51
Revenue From Operations / Share (Rs.) 92.1656.6245.8271.79117.58
PBDIT / Share (Rs.) 47.2830.858.239.383.42
PBIT / Share (Rs.) 47.1530.728.109.273.31
PBT / Share (Rs.) 44.2127.505.407.210.91
Net Profit / Share (Rs.) 36.9123.554.406.440.71
NP After MI And SOA / Share (Rs.) 25.7715.113.363.990.65
PBDIT Margin (%) 51.3054.4717.9613.062.91
PBIT Margin (%) 51.1654.2417.6712.912.81
PBT Margin (%) 47.9748.5611.7910.030.77
Net Profit Margin (%) 40.0441.589.608.970.60
NP After MI And SOA Margin (%) 27.9626.677.335.550.55
Return on Networth / Equity (%) 24.5124.216.9911.042.16
Return on Capital Employeed (%) 29.7931.6910.4616.037.09
Return On Assets (%) 14.0211.012.964.710.91
Total Debt / Equity (X) 0.210.630.720.720.79
Asset Turnover Ratio (%) 0.580.450.460.921.72
Current Ratio (X) 7.123.343.073.082.78
Quick Ratio (X) 6.613.002.682.421.82
Inventory Turnover Ratio (X) 7.120.000.000.000.00
Interest Coverage Ratio (X) 16.079.593.054.541.43
Interest Coverage Ratio (Post Tax) (X) 13.558.322.634.121.30
Enterprise Value (Cr.) 604.99294.86148.7178.6175.13
EV / Net Operating Revenue (X) 5.364.462.780.930.54
EV / EBITDA (X) 10.458.1815.467.1718.77
MarketCap / Net Operating Revenue (X) 5.534.342.470.710.36
Price / BV (X) 4.853.942.351.421.41
Price / Net Operating Revenue (X) 5.534.342.470.710.36
EarningsYield 0.050.060.020.070.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Aryaman Financial Services Ltd. is a Public Limited Listed company incorporated on 11/05/1994 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1994PLC059009 and registration number is 059009. Currently Company is involved in the business activities of Security and commodity contracts brokerage. Company's Total Operating Revenue is Rs. 19.97 Cr. and Equity Capital is Rs. 12.25 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)102, Ganga Chambers, 6A/1, W.E.A., Karol Bagh, New Delhi Delhi 110051Contact not found
Management
NamePosition Held
Mr. Shripal ShahExecutive Director
Mr. Shreyas ShahExecutive Director
Mrs. Meloni ShahNon Executive Director
Mr. Prasad Anant MuleyIndependent Director
Mr. Prakash Lavji VaghelaIndependent Director
Ms. Damini BaidIndependent Director

FAQ

What is the intrinsic value of Aryaman Financial Services Ltd and is it undervalued?

As of 04 April 2026, Aryaman Financial Services Ltd's intrinsic value is ₹518.26, which is 15.46% lower than the current market price of ₹613.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (31.3 %), book value (₹123), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Aryaman Financial Services Ltd?

Aryaman Financial Services Ltd is trading at ₹613.00 as of 04 April 2026, with a FY2026-2027 high of ₹1,100 and low of ₹450. The stock is currently in the middle of its 52-week range. Market cap stands at ₹751 Cr..

How does Aryaman Financial Services Ltd's P/E ratio compare to its industry?

Aryaman Financial Services Ltd has a P/E ratio of 22.5, which is below the industry average of 101.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Aryaman Financial Services Ltd financially healthy?

Key indicators for Aryaman Financial Services Ltd: ROCE of 31.9 % indicates efficient capital utilization; ROE of 31.3 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Aryaman Financial Services Ltd profitable and how is the profit trend?

Aryaman Financial Services Ltd reported a net profit of ₹45 Cr in Mar 2025 on revenue of ₹118 Cr. Compared to ₹8 Cr in Mar 2022, the net profit shows an improving trend.

Does Aryaman Financial Services Ltd pay dividends?

Aryaman Financial Services Ltd has a dividend yield of 0.00 % at the current price of ₹613.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aryaman Financial Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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