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Last Updated on: 20 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 530245 | NSE: ARYAMAN

Fundamental Analysis of Aryaman Financial Services Ltd

Basic Stock Data

Last Updated: April 19, 2024, 1:08 pm

Market Cap 284 Cr.
Current Price 243
High / Low250/115
Stock P/E19.6
Book Value 58.6
Dividend Yield0.00 %
ROCE8.64 %
ROE7.98 %
Face Value 10.0

Data Source: screener.in

Competitors of Aryaman Financial Services Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Angel One Ltd 26,987 Cr. 3,0033,900/1,18125.7 3111.30 %44.0 %47.1 % 10.0
3P Land Holdings Ltd 62.4 Cr. 34.640.1/18.136.3 47.30.00 %3.07 %2.32 % 2.00
NBI Industrial Finance Company Ltd 432 Cr. 1,7592,030/1,40061.8 9,5070.02 %0.35 %0.23 % 5.00
SBI Cards & Payment Services Ltd 69,707 Cr. 732933/67929.8 1160.34 %13.0 %25.7 % 10.0
Brilliant Portfolios Ltd 2.17 Cr. 6.986.98/6.983.88 27.70.00 %9.57 %5.87 % 10.0
Industry Average19,438.11 Cr1,107.1231.502,001.800.33%14.00%16.24%7.40

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales46.0731.9438.6012.828.0224.449.217.0124.7912.5211.5031.6516.73
Expenses43.7133.1331.4610.657.6724.037.545.4017.7215.4010.1810.318.34
Operating Profit2.36-1.197.142.170.350.411.671.617.07-2.881.3221.348.39
OPM %5.12%-3.73%18.50%16.93%4.36%1.68%18.13%22.97%28.52%-23.00%11.48%67.42%50.15%
Other Income0.09-0.010.170.220.230.280.360.460.630.710.730.850.87
Interest0.700.600.590.570.610.650.670.700.890.900.920.930.93
Depreciation0.040.030.030.030.030.030.030.050.040.040.040.040.04
Profit before tax1.71-1.836.691.79-0.060.011.331.326.77-3.111.0921.228.29
Tax %23.98%22.40%9.42%-1.12%-233.33%1,400.00%24.06%15.15%11.37%4.18%24.77%12.96%16.16%
Net Profit1.31-1.426.061.80-0.20-0.141.021.125.99-2.990.8118.466.95
EPS in Rs0.86-0.833.000.98-0.07-0.060.680.823.70-1.840.639.234.42

Last Updated: April 10, 2024, 6:09 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 3:24 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales14691328398789138855672
Expenses13581225358285134744644
Operating Profit1111145544111028
OPM %42%18%14%8%8%13%12%6%5%3%13%17%39%
Other Income0000000000003
Interest0000001233234
Depreciation0000000000000
Profit before tax01111342118627
Tax %18%20%21%25%25%24%22%26%29%23%11%19%
Net Profit00001232118523
EPS in Rs0.370.410.440.350.612.052.411.520.780.663.993.3612.44
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)100.00%50.00%-33.33%-50.00%0.00%700.00%-37.50%
Change in YoY Net Profit Growth (%)0.00%-50.00%-83.33%-16.67%50.00%700.00%-737.50%

Growth

Compounded Sales Growth
10 Years:31%
5 Years:7%
3 Years:-15%
TTM:11%
Compounded Profit Growth
10 Years:24%
5 Years:7%
3 Years:63%
TTM:142%
Stock Price CAGR
10 Years:32%
5 Years:40%
3 Years:84%
1 Year:100%
Return on Equity
10 Years:7%
5 Years:7%
3 Years:8%
Last Year:8%

Last Updated: April 16, 2024, 11:37 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111212121212121212
Reserves233561417191824304457
Borrowings00110318323328314143
Other Liabilities01145818161420263645
Total Liabilities1415172122376579778399133156
Fixed Assets1222232222222
CWIP0000000000000
Investments545762435282130395865
Other Assets891012141128495451587389
Total Assets1415172122376579778399133156

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 11-11-06-7-17-5141711
Cash from Investing Activity -2-0-3-22-11-7862-31
Cash from Financing Activity 0043-151412-2-807
Net Cash Flow-21011002-281419

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow1.001.000.000.001.001.00-13.00-27.00-29.00-24.00-20.00-31.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3991117922211012
Inventory Days446204194815115016578108146
Days Payable43434690115
Cash Conversion Cycle399111449210192710714216677108143
Working Capital Days89726317588119-31011361677997119
ROCE %5%5%5%4%4%12%9%7%6%5%12%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters62.17%62.17%62.17%62.17%62.17%62.17%62.17%62.17%62.17%62.17%62.17%62.17%
FIIs0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DIIs0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.40%0.00%0.00%0.00%0.00%0.00%
Public37.82%37.82%37.82%37.82%37.82%37.82%37.42%37.81%37.82%37.83%37.81%37.81%
No. of Shareholders1,5501,5451,5451,5901,6891,6671,6751,6851,6001,5961,5671,615

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.406.440.710.801.53
Diluted EPS (Rs.)4.406.440.710.801.53
Cash EPS (Rs.)4.536.550.830.911.71
Book Value[Excl.RevalReserv]/Share (Rs.)71.8154.2844.5136.0837.08
Book Value[Incl.RevalReserv]/Share (Rs.)71.8154.2844.5136.0837.08
Revenue From Operations / Share (Rs.)45.8271.79117.5875.9373.59
PBDIT / Share (Rs.)8.239.383.423.654.35
PBIT / Share (Rs.)8.109.273.313.534.17
PBT / Share (Rs.)5.407.210.911.122.08
Net Profit / Share (Rs.)4.406.440.710.791.53
NP After MI And SOA / Share (Rs.)3.363.990.650.771.52
PBDIT Margin (%)17.9613.062.914.805.90
PBIT Margin (%)17.6712.912.814.645.66
PBT Margin (%)11.7910.030.771.472.82
Net Profit Margin (%)9.608.970.601.052.08
NP After MI And SOA Margin (%)7.335.550.551.022.06
Return on Networth / Equity (%)6.9911.042.163.025.78
Return on Capital Employeed (%)10.4616.037.099.4610.86
Return On Assets (%)2.964.710.911.182.24
Total Debt / Equity (X)0.720.720.791.101.05
Asset Turnover Ratio (%)0.460.080.040.080.18
Current Ratio (X)3.073.082.782.212.13
Quick Ratio (X)2.682.421.821.111.23
Interest Coverage Ratio (X)3.054.541.431.522.08
Interest Coverage Ratio (Post Tax) (X)2.634.121.301.331.73
Enterprise Value (Cr.)148.7178.6175.1385.9988.01
EV / Net Operating Revenue (X)2.780.930.540.961.02
EV / EBITDA (X)15.467.1718.7720.1717.33
MarketCap / Net Operating Revenue (X)2.470.710.360.590.65
Price / BV (X)2.351.421.411.751.85
Price / Net Operating Revenue (X)2.470.710.360.590.65
EarningsYield0.020.070.010.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 93.49

The stock is overvalued by 61.53% compared to the current price ₹243

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (18.62 cr) compared to borrowings (17.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (48.23 cr) and profit (4.31 cr) over the years.
  1. The stock has a low average ROCE of 6.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 186.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 175.92, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Aryaman Financial Services Ltd:
    1. Net Profit Margin: 9.60%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 10.46% (Industry Average ROCE: 14%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 6.99% (Industry Average ROE: 16.24%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.63
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.68
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: 19.6 (Industry average Stock P/E: 31.5)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.72
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★★★︎☆

About the Company

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. 4.81 Cr. and Equity Capital is Rs. 11.68 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & Investments102, Ganga Chambers, 6A/1, W.E.A., Karol Bagh, New Delhi Delhi 110005info@afsl.co.in
http://www.afsl.co.in
Management
NamePosition Held
Mr. Shripal ShahExecutive Director
Mr. Shreyas ShahExecutive Director
Mr. Ram GaudIndependent Director
Mr. Darshit ParikhIndependent Director
Mrs. Meloni ShahNon Executive Director
Mr. Abhinav AnandIndependent Director

Aryaman Financial Services Ltd. Share Price Update

Share PriceValue
Today₹247.80
Previous Day₹249.00

FAQ

What is the latest fair value of Aryaman Financial Services Ltd?

The latest fair value of Aryaman Financial Services Ltd is 93.49.

What is the Market Cap of Aryaman Financial Services Ltd?

The Market Cap of Aryaman Financial Services Ltd is 284 Cr..

What is the current Stock Price of Aryaman Financial Services Ltd as on 20 April 2024?

The current stock price of Aryaman Financial Services Ltd as on 20 April 2024 is 243.

What is the High / Low of Aryaman Financial Services Ltd stocks in FY 2024?

In FY 2024, the High / Low of Aryaman Financial Services Ltd stocks is ₹250/115.

What is the Stock P/E of Aryaman Financial Services Ltd?

The Stock P/E of Aryaman Financial Services Ltd is 19.6.

What is the Book Value of Aryaman Financial Services Ltd?

The Book Value of Aryaman Financial Services Ltd is 58.6.

What is the Dividend Yield of Aryaman Financial Services Ltd?

The Dividend Yield of Aryaman Financial Services Ltd is 0.00 %.

What is the ROCE of Aryaman Financial Services Ltd?

The ROCE of Aryaman Financial Services Ltd is 8.64 %.

What is the ROE of Aryaman Financial Services Ltd?

The ROE of Aryaman Financial Services Ltd is 7.98 %.

What is the Face Value of Aryaman Financial Services Ltd?

The Face Value of Aryaman Financial Services Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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