Aryaman Financial Services share price & results
- Jun 2026
- Sept 2026
SEBI Category-I merchant banker specializing in SME/Start-up IPO lead management, with subsidiaries in stock broking, market making, and portfolio management.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 20.0 | −31.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 14.0 | +7.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 20.59 | −10.8 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | Fiscal year | FY ending Mar 2026 | Not in the analysed materials. No older figure is substituted. | ||
| Revenue growth (YoY) | -47.33 | −97.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −20.9% 1Y
1Y: ₹821.4 on 24 Oct 2025 → ₹649.35. High ₹821.4 (24 Oct 2025), low ₹565.75 (30 Jul 2026).
- Previous close
- ₹624.95
- Market cap
- ₹765 Cr
- 52-week range
- ₹565.75 – ₹811.1
- One year
- −19.94%
- Price to earnings (TTM to Jun 2026)
- 25.80×
- Return on equity (TTM to Jun 2026)
- 20.59%
Overview
- Symbol
- NSE:ARYAMAN
- Sector
- Financial Services
- Exchange
- NSE
- Currency
- INR
What Aryaman Financial Services Ltd. does
Based on the company's own presentations, annual report and earnings calls.
Aryaman Financial Services Limited (AFSL) is a SEBI-registered Category I Merchant Banker offering IPO/FPO lead management, rights issues, QIPs, preferential allotments, FCCBs, ADR/GDR facilitation, M&A and transaction advisory, and structured/corporate finance advisory. It has been the first merchant banker in India to bring both SME and Start-up IPOs to market. Group operations are extended through subsidiaries: Aryaman Capital Markets Limited (stock broking on BSE/NSE/MCX, depository participant services, and mandatory market making for SME IPOs it floats), Escorp Asset Management Limited (SEBI-registered portfolio management services), and Aryaman Finance (India) Limited (a newly incorporated wholly-owned subsidiary awaiting RBI registration to undertake corporate/personal financing).
Segments
- Merchant banking / Equity Capital Markets
- M&A and Transaction Advisory
- Structured Finance and Corporate Advisory
- Stock broking & market making (via Aryaman Capital Markets Ltd)
- Portfolio management (via Escorp Asset Management Ltd)
- Financing (via Aryaman Finance (India) Ltd)
- IPOs handled as Lead Merchant Banker
- 101
- Aggregate funds raised for clients (last 5 years)
- ₹2,000 Cr+
- Market capitalization of listed IPO clients
- ₹60,000 Cr+
- IPO transactions currently mandated
- ₹3,000 Cr+
- Wholly-owned/subsidiary entities
- 3 (Aryaman Capital Markets Ltd, Escorp Asset Management Ltd, Aryaman Finance (India) Ltd)
- Stock exchange memberships (via subsidiary ACML)
- BSE, NSE, MCX
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +8% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 25 | 38 | 39 | 29 | 19 | 20 | 10 | 20 |
| Expenses | 16 | 11 | 29 | 14 | 7 | 10 | 6 | 4 |
| Other income | 1 | 1 | 2 | 1 | 2 | 2 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 9 | 26 | 12 | 16 | 13 | 12 | 6 | 17 |
| Tax rate | 24.0% | 16.0% | 13.0% | 15.0% | 22.0% | 24.0% | 7.0% | 17.0% |
| Net profit | 7 | 22 | 11 | 13 | 10 | 9 | 6 | 14 |
| EPS (₹ per share) | 4.52 | 12.19 | 6.83 | 8.20 | 6.57 | 5.63 | 3.75 | 8.27 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 53 | 67 | 113 | 78 |
| Expenses | 46 | 33 | 60 | 37 |
| Other income | 1 | 4 | 5 | 6 |
| Interest | 4 | 4 | 4 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 6 | 32 | 54 | 47 |
| Net profit | 5 | 27 | 46 | 38 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 30 | 44 | 61 | 116 | 138 | 148 |
| Borrowings | 31 | 41 | 46 | 28 | — | 0 |
| Other liabilities | 26 | 36 | 41 | 107 | 76 | 77 |
| Total liabilities | 99 | 133 | 160 | 264 | 226 | 237 |
| Fixed assets | 2 | 2 | 2 | 2 | 3 | 3 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 39 | 58 | 62 | 136 | 105 | 134 |
| Other assets | 58 | 73 | 96 | 125 | 119 | 101 |
| Total assets | 99 | 133 | 160 | 264 | 226 | 237 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 14 | 17 | 11 | 26 | 50 | 34 |
| Cash from investing | 2 | -3 | 1 | -6 | -12 | -28 |
| Cash from financing | -8 | 0 | 7 | 2 | -8 | -29 |
| Net cash flow | 8 | 14 | 19 | 21 | 30 | -23 |
| Free cash flow | 14 | 17 | 10 | 26 | 50 | 33 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Return on equity | 2.0% | 12.0% | 8.0% | 27.0% | 31.0% | 20.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 63.92% as of Sept 2026; institutions added 0.00 pts since Jun 2026.
- Promoters 63.92%
- Foreign institutions 0.00%
- Domestic institutions 0.01%
- Public 36.08%
Who is on the register
Named in the Sep 2026 filing
Every holder of Aryaman Financial Services Ltd. above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 62.45% | unchanged | |
| 3.92% | unchanged | |
| 3.85% | unchanged | |
| 3.20% | unchanged | |
| 3.05% | unchanged | |
| 1.88% | unchanged | |
| 1.31% | unchanged | |
| 1.28% | unchanged | |
| 1.05% | unchanged | |
| 1.01% | unchanged | |
| 0.73% | unchanged | |
| 0.73% | 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.
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