A listed financial services holding company operating through three subsidiaries — Aryaman Capital Markets, Escorp Assets Management, and Aryaman Finance (India) Limited. On a consolidated basis, the group reported revenue of Rs 78.1894 crore, net profit of Rs 38.1358 crore, and total assets of Rs 237.1481 crore for FY26, with an EBITDA margin of 61.124%. Aryaman Finance (India) Limited, in which the parent holds 99%, received a Certificate of Registration from the RBI on December 24, 2025 to operate as an NBFC-ND-ICC; it is engaged in financing, money lending, bill discounting, factoring, and providing loans to individuals, firms, and corporates. The parent continued to invest in this subsidiary through rights issues in 2026, subscribing to shares at Rs 144 each, with Rs 79.99 lakhs infused on June 3, 2026 and a further Rs 4.92 crore infused in early July 2026. On a consolidated basis the balance sheet showed zero borrowings with cash and equivalents of Rs 8,070 lakhs. Employee costs at 5.4% of revenue and other operating expenses at 4.0% are the main cost lines; depreciation at 0.3% and capex at 0.4% of revenue are minimal. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Capital Markets (Aryaman Capital Markets), Asset Management (Escorp Assets Management), NBFC Lending (Aryaman Finance India). Asset-light financial services holding company with three subsidiaries; lending arm newly licensed as NBFC
| ₹ crore · consolidated | FY21 | FY22 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 138 | 84 | 66 | 113 | 78 |
| EBITDA (ex other income) | 4 | 10 | 32 | 53 | 42 |
| margin % | 2.9 | 12.0 | 48.6 | 46.7 | 53.2 |
| Owners' profit | 1 | 5 | 18 | 32 | 30 |
| EPS, as reported (₹) | 0.71 | 3.99 | 23.55 | 38.64 | 31.14 |
| ROE % · ROCE % | 1.6 · — | 11.9 · — | 25.7 · — | 25.0 · — | 17.2 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 14 | 17 | 26 | 46 | 34 |
| Capex | 0 | 0 | (0) | (0) | (0) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 25 | 38 | 39 | 29 | 19 | 20 | 10 |
| Profit before tax | 7 | 9 | 26 | 12 | 16 | 13 | 12 | 6 |
| Net profit | 6 | 7 | 22 | 11 | 13 | 10 | 9 | 6 |
| EPS (₹) | 5.23 | 5.90 | 18.50 | 9.01 | 10.80 | 8.40 | 7.24 | 4.70 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 6,43,552 | 31.7 | 5.50 | 11.6 | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 2,42,019 | 18.1 | 3.67 | 6.7 | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 | 6.5 | 10.4 | — | — | 75.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · 32nd AGM of Aryaman Financial Services held on Sept 11, 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Invests Rs 5.01 crore in wholly owned subsidiary via rights issue | capex operations | low | — | — |
| 18 Aug 2026 · Notice of 32nd AGM and e-voting details published in newspapers | compliance | minimal | — | — |
| 17 Aug 2026 · Book Closure for 32nd AGM from Sep 4 to Sep 10, 2026 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Annual Report FY 2025-26 and 32nd AGM Notice | board shareholder meetings | medium | — | — |
| 17 Aug 2026 · 32nd AGM on Sept 11 seeks approval for related-party funding up to Rs 50 crore | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Aryaman Financial Q1 FY27 PAT up 49% YoY to Rs 1.63 EPS | results | high | — | — |
| 14 Aug 2026 · Aryaman Financial Services Q1 FY27 results: PAT up about 49 percent YoY | results | medium | — | — |
| 7 Aug 2026 · Board meeting on Aug 14, 2026 to consider Q1 FY27 results | results | low | — | — |
| 10 Jul 2026 · Quarterly compliance certificate under SEBI Regulation 74(5) for Q1 FY27 | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| MUTHOOT FINANCE LIMITED |
| 1,12,094 |
| 9.9 |
| 2.82 |
| 3.9 |
| 26.7 |
| — |
| 22.0 |
| 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — | 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.4 | 18.2 | 115 of 212 | 46% |
| P/B | 3.5 | 1.1 | 204 of 245 | 16% |
| ROE | 17.2 | 3.0 | 14 of 266 | 95% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 59.8 | 48.6 | 110 of 249 | 56% |
| Revenue growth | (73.5) | 12.6 | 205 of 231 | 11% |
| Profit growth | (45.7) | 7.8 | 156 of 251 | 38% |
| Market cap | 778 | 37 | 40 of 260 | 85% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
