538716
Aryaman Capital financials
- Market cap
- ₹507 Cr
- Sector
- Financial Services
What Aryaman Capital does
Aryaman Capital Markets Limited is a subsidiary of Aryaman Financial Services Limited, carrying out the fund-based and secondary-market activities of the Aryaman Group. It trades and invests in quoted and unquoted securities, underwrites capital market issuances, and provides depository participant (DP) services. It is registered as a BSE trading-cum-clearing member, an NSE member, an MCX member, and a CDSL depository participant, and currently serves as the sole designated market maker for 14 actively traded scrips, having acted as market maker for over 70 scrips to date.
Segments
- Market Making
- Depository Participant services
- Stock & Commodity Broking
- Trading & Investments
- Underwriting
- Designated market maker scrips (current)
- 14
- Market maker scrips served to date
- 70+
- Exchange & depository memberships
- BSE (Trading-cum-Clearing Member), NSE Member, MCX Member, CDSL Depository Participant
Quarterly results
Q1 FY27: revenue down 63.9%, net profit down 29.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21 | 24 | 26 | 26 | 10 −50% | 15 −35% | 8 −70% | 9 −64% |
| EBITDA | 8 | 14 | 5 | 13 | 8 +5% | 7 −50% | 4 −15% | 9 −30% |
| Net profit | 6 | 12 | 5 | 11 | 7 +19% | 6 −50% | 4 −19% | 8 −29% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −29.9% 1Y
1Y: ₹603.75 on 10 Sept 2025 → ₹423. High ₹603.75 (10 Sept 2025), low ₹391.35 (29 Jul 2026).
Financials, as filed
Revenue fell 19.7% a year over 1 year, FY25 to FY26. Operating margin widened to 53.9%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹74 Cr | ₹59 Cr |
| Operating profit | ₹27 Cr | ₹32 Cr |
| Operating margin | 36.6% | 53.9% |
| Interest | ₹4 Cr | ₹1 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr |
| Net profit | ₹23 Cr | ₹28 Cr |
| Net margin | 30.9% | 46.9% |
| Cash from operations | ₹28 Cr | ₹34 Cr |
| Free cash flow | ₹28 Cr | ₹33 Cr |
| ROCE | 32.0% | 32.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹6 Cr | ₹6 Cr | ₹17 Cr | ₹29 Cr | ₹86 Cr | ₹96 Cr |
| Borrowings | ₹28 Cr | ₹31 Cr | ₹41 Cr | ₹46 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹4 Cr | ₹12 Cr | ₹10 Cr |
| Total liabilities | ₹47 Cr | ₹50 Cr | ₹72 Cr | ₹91 Cr | ₹110 Cr | ₹118 Cr |
| Fixed assets | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹4 Cr | ₹6 Cr | ₹18 Cr | ₹26 Cr | ₹53 Cr | ₹82 Cr |
| Other assets | ₹41 Cr | ₹42 Cr | ₹52 Cr | ₹64 Cr | ₹55 Cr | ₹34 Cr |
| Total assets | ₹47 Cr | ₹50 Cr | ₹72 Cr | ₹91 Cr | ₹110 Cr | ₹118 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 93% to 576.
- Promoters
- 74.3%
- Public
- 25.7%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Mar '22: Promoters 74.3%, Public 25.7%.Sep '22: Promoters 74.3%, Public 25.7%.Mar '23: Promoters 74.3%, Public 25.7%.Sep '23: Promoters 74.3%, Public 25.7%.Mar '24: Promoters 74.3%, Public 25.7%.Sep '24: Promoters 74.3%, Public 25.7%.Mar '25: Promoters 74.3%, Public 25.7%.Jun '25: Promoters 74.3%, Public 25.7%.Sep '25: Promoters 74.3%, Public 25.7%.Dec '25: Promoters 74.3%, Public 25.7%.Mar '26: Promoters 74.3%, Public 25.7%.Jun '26: Promoters 74.3%, Public 25.7%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Aryaman Capital above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Aryaman Financial Services Limited | 74.28% | unchanged |
| Stellar Capital Services Limited | 3.84% | unchanged |
| Shri Ravindra Media Ventures Private Lim | 3.63% | unchanged |
| Harsha Rajesh Jhaveri | 3.62% | unchanged |
| Aaravi Developers Pvt Ltd | 1.29% | unchanged |
| Amrutlal Thobhani | 1.05% | unchanged |
| Precious Tradeways Private Limited | 1.04% | unchanged |
| Dilip Singh | 0.00% | unchanged |
| Nehar Keval Sakaria | 0.00% | unchanged |
| Shreyas Shrenik Shah | 0.00% | unchanged |
| Shripal Shrenik Shah | 0.00% | unchanged |
| Deepak Prakash Biyani | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Aryaman Capital
Guides on how to read this kind of business and the numbers that matter.