Models
ARYAMAN FINANCIAL SERV LARYAMANFinance
₹356per share · Base Model Note
Revenue growth, the horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.
Scenario
Value per share, your model₹356implied P/B 1.97× on FY26 book
Against CMP ₹635.00−43.9%close of 2026-09-10
Cost of equity12.39%risk-free + beta × equity risk premium
Book equity, FY26₹181per share · excess returns add ₹175
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 222 | 260 | 305 | 357 | 419 |
| Net income at 17.2% ROE | 38 | 45 | 52 | 61 | 72 |
| Cost of equity charge at 12.39% | (28) | (32) | (38) | (44) | (52) |
| Excess return | 11 | 13 | 15 | 17 | 20 |
| Present value | 10 | 11 | 11 | 11 | 12 |
| Closing book equity | 260 | 305 | 357 | 419 | 491 |
| Book equity today | 222 |
| PV of 5 years of excess return | 55 |
| PV of the terminal excess return, 5% flat | 160 |
| add non-operating investments | 0 |
| Equity value | 436 |
| ÷ 1.22 crore shares | ₹356 |
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 17.2% | — | 12.39% | 5% | ₹356 | (43.9)% |
A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.