Aryaman Financial Services Ltd.

BSE: ARYAMAN530245ISIN INE032E01017

Financial Services
Non Banking Financial Company (NBFC)

Share price

₹671.90+2.90 (+0.43%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹820.00
52W low: ₹480.00
Off 52W high: -18.06%
1M return: +6.65%
3M return: +17.67%
6M return: +9.37%
1Y return: -14.57%
20D avg volume: 54
50 DMA: ₹628.32
200 DMA: ₹615.45

Key ratios Consolidated

Market cap: ₹822.88 Cr
Current price: ₹671.90
52W high / low: ₹820.00 / ₹480.00
Face value: ₹10.00
P/E: 21.10
P/B: 5.13
EPS (TTM): ₹31.85
Book value / share: ₹130.99
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-80.70 Cr
Interest cover: 52.26
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: —

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	19.93	10.48	19.95	18.98	28.79	39.45	37.58	24.86	10.97	6.27	16.73	31.64
	1.02	1.41	1.81	1.75	1.25	2.17	0.65	1.28	1.13	1.44	0.87	0.85
	20.96	11.88	21.76	20.73	30.04	41.62	38.23	26.14	12.10	7.71	17.60	32.50
	4.01	5.68	10.13	7.54	14.41	29.44	12.43	17.12	4.96	6.18	9.31	11.28
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	1.87	1.67	5.42	22.41	7.49	10.38	2.49	3.46	3.61	5.65
	1.03	1.22	1.14	1.01	0.86	1.08	0.71	0.58	0.57	0.45	0.66	0.45
	0.00	0.00	0.01	0.25	0.65	0.61	0.93	1.02	1.04	0.98	0.93	0.93
	0.06	0.06	0.06	0.07	0.05	0.04	0.04	0.04	0.03	0.02	0.04	0.04
	1.06	0.67	0.32	0.46	1.68	0.28	0.22	2.57	0.79	0.42	0.18	0.34
	16.95	6.20	11.63	13.19	15.63	12.19	25.80	9.02	7.14	1.53	8.29	21.22
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	16.95	6.20	11.63	13.19	15.63	12.19	25.80	9.02	7.14	1.53	8.29	21.22
	2.85	0.44	2.76	2.90	2.41	1.59	—	—	—	—	—	—
	14.09	5.75	8.87	10.29	13.22	10.59	21.61	6.89	6.11	1.28	6.95	18.46
	11.51	4.70	7.24	8.40	10.80	9.01	18.50	5.90	5.23	1.10	5.95	15.80
Key metrics
	—	—	—	—	—	—	26.77	10.08	8.21	2.53	9.26	22.19
	—	—	—	—	—	—	71.20%	40.50%	74.80%	40.40%	55.30%	70.10%
	70.70%	54.90%	44.50%	54.20%	45.90%	26.80%	57.50%	27.70%	55.70%	20.40%	41.50%	58.30%
	-30.80%	-73.40%	-46.90%	-23.70%	162.40%	529.20%	124.60%	-21.40%	—	—	—	—
	6.60%	-45.70%	-59.00%	49.30%	116.40%	727.30%	210.90%	-62.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY22
Income statement
	69.34	78.19	112.87	66.15	83.88
	5.99	6.22	5.23	3.90	0.89
	75.33	84.41	118.10	70.05	84.77
	27.36	37.76	63.95	37.92	76.35
	0.00	0.00	0.00	0.00	0.00
	3.54	8.96	42.78	21.88	62.47
	4.40	4.23	2.94	2.05	1.55
	0.26	0.91	3.60	3.76	2.41
	0.25	0.23	0.15	0.15	0.13
	2.51	3.12	3.86	1.06	1.01
	47.97	46.65	54.15	32.13	8.42
	0.00	0.00	0.00	0.00	0.00
	47.97	46.65	54.15	32.13	8.42
	8.95	8.52	8.95	—	—
	39.00	38.14	45.20	27.51	7.53
	31.85	31.14	38.64	23.55	3.99
Key metrics
	—	—	—	36.04	10.96
	—	—	—	54.50%	13.10%
	56.24%	48.80%	40.00%	41.60%	9.00%
	-46.94%	-30.70%	70.60%	-21.10%	—
	-25.44%	-15.60%	64.30%	265.30%	—
	—	33.17	45.59	—	—
	—	0.88	1.02	—	—
	—	0.00	0.16	—	—
	—	-80.70	12.19	—	—
Balance sheet
	—	237.15	224.98	—	—
	—	80.70	15.83	—	—
	—	0.42	0.43	—	—
	—	0.00	15.74	—	—
	—	2.57	2.47	—	—
	—	0.00	28.02	—	—
	—	221.61	180.66	—	—
Cash flow
	—	33.51	45.94	—	—
	—	-27.61	-11.74	—	—
	—	-28.93	-8.00	—	—
	—	0.34	0.35	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	5.74	2.40	3.45	7.48	2.48	11.70	2.35	3.94	1.98	1.34	6.58	5.96
	0.38	0.50	0.47	0.46	0.27	0.42	0.28	0.27	0.23	0.25	0.23	0.18
	6.11	2.90	3.92	7.94	2.75	12.12	2.64	4.20	2.20	1.58	6.81	6.14
	3.45	1.31	1.45	4.56	0.96	7.27	1.63	2.98	1.06	1.21	4.39	4.64
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.77	0.86	0.93	0.73	0.61	0.63	0.62	0.51	0.51	0.40	0.59	0.40
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.00	0.02	0.02
	0.88	0.29	0.26	0.14	0.07	0.17	0.16	0.37	—	0.34	0.10	0.09
	2.67	1.60	2.48	3.38	1.79	4.86	1.01	1.22	1.14	0.37	2.42	1.50
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	2.67	1.60	2.48	3.38	1.79	4.86	1.01	1.22	1.14	0.37	2.42	1.50
	0.67	0.43	0.61	0.86	0.45	1.24	—	—	—	—	—	—
	2.00	1.17	1.87	2.52	1.34	3.61	0.75	0.91	0.85	0.28	1.81	1.12
	1.63	0.95	1.53	2.06	1.09	3.07	0.64	0.78	0.73	0.24	1.55	0.96
Key metrics
	—	—	—	—	—	—	1.02	1.23	1.15	0.37	2.44	1.52
	—	—	—	—	—	—	43.40%	31.20%	58.10%	27.60%	37.10%	25.50%
	34.80%	48.80%	54.20%	33.70%	54.00%	30.90%	31.90%	23.10%	42.90%	20.90%	27.50%	18.80%
	131.50%	-79.50%	46.80%	89.80%	25.30%	773.10%	-64.30%	-33.90%	—	—	—	—
	49.30%	-67.60%	149.30%	176.90%	57.60%	1,189.30%	-58.60%	-18.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	19.07	15.81	19.97	15.11	6.14	4.82
	1.81	1.70	1.19	0.83	0.49	0.32
	20.87	17.51	21.16	15.94	6.63	5.13
	10.77	8.28	12.94	10.86	4.09	3.35
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	3.29	3.14	2.28	1.83	1.49	1.31
	0.00	0.00	0.00	0.00	0.01	0.02
	0.08	0.07	0.05	0.07	0.08	0.08
	1.57	0.76	1.03	0.62	0.31	0.52
	10.13	9.24	8.22	5.08	2.54	1.78
	0.00	0.00	0.00	0.00	0.00	0.00
	10.13	9.24	8.22	5.08	2.54	1.78
	2.57	2.34	2.11	—	—	—
	7.56	6.90	6.12	3.80	1.90	1.34
	6.17	5.63	5.23	3.25	1.62	1.15
Key metrics
	—	—	—	5.15	2.63	1.88
	—	—	—	34.10%	42.80%	39.00%
	39.64%	43.60%	30.60%	25.10%	30.90%	27.80%
	-6.84%	-20.80%	32.20%	146.10%	27.40%	—
	14.37%	12.70%	61.10%	100.00%	41.80%	—
	—	5.51	3.22	—	—	—
	—	0.80	0.56	—	—	—
	—	0.00	0.00	—	—	—
	—	-24.27	-3.54	—	—	—
Balance sheet
	—	59.13	52.06	—	—	—
	—	24.27	3.54	—	—	—
	—	0.10	0.17	—	—	—
	—	0.00	0.00	—	—	—
	—	1.08	1.11	—	—	—
	—	0.00	0.00	—	—	—
	—	57.09	50.20	—	—	—
Cash flow
	—	5.55	3.43	—	—	—
	—	-5.34	-9.53	—	—	—
	—	0.00	13.84	—	—	—
	—	0.04	0.21	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +37.06%
Sales CAGR 5Y: —
Profit CAGR 3Y: +53.71%
Profit CAGR 5Y: —
Sales YoY (TTM): -6.84%
Profit YoY (TTM): +14.37%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -46.94%
Profit YoY (TTM): -25.44%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 63.91%

Quarter	30 Sep 2026	September 2026	June 2026
Promoter %	63.91%	63.91%	63.91%

Holder	Type	Holding	Previous	Change
MAHSHRI ENTERPRISES	Promoter	62.45%	62.45%	0.00%
PRECIOUS TRADEWAYS PRIVATE LIMITED	Public	3.92%	3.92%	0.00%
JAI AMBE TRADEXIM PRIVATE LIMITED	Public	3.85%	3.85%	0.00%
SHRI RAVINDRA MEDIA VENTURES PRIVATE LIM	Public	3.20%	3.20%	0.00%
ARC FINANCE LIMITED	Public	3.05%	3.05%	0.00%
HARSHA RAJESHBHAI JHAVERI	Public	1.88%	1.88%	0.00%
AMBITIOUS ASSOCIATES PVT LTD	Public	1.31%	1.31%	0.00%
VEDANKIT TRADERS PRIVATE LIMITED	Public	1.28%	1.28%	0.00%
VISHAL SHARMA	Public	1.05%	1.05%	0.00%
JIGNESH AMRUTLAL THOBHANI	Public	1.01%	1.01%	0.00%
SHREYAS SHRENIK SHAH	Promoter	0.73%	0.73%	0.00%
SHRIPAL SHRENIK SHAH	Promoter	0.73%	0.73%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bajaj Finance Limited	6,18,269	993.05	28.02	—	+18.82% TTM	+18.85% TTM	-6.05%
Shriram Finance Limited	2,13,119	905.70	16.80	—	+13.76% TTM	+28.60% TTM	+13.74%
Tata Capital Limited	1,43,392	337.80	23.16	—	—	—	+2.57%
Cholamandalam Investment and Finance Company Ltd	1,42,265	1,659.05	22.87	—	+21.13% TTM	+33.94% TTM	-5.48%
MUTHOOT FINANCE LIMITED	1,08,792	2,709.85	8.83	—	+47.27% TTM	+70.66% TTM	-15.07%
L&T Finance Limited	66,033	263.45	19.22	—	+20.11% TTM	+27.39% TTM	-5.93%
SBI CARDS AND PAYMENT SERVICES LIMITED S	52,626	553.00	20.18	—	+5.81% TTM	+35.96% TTM	-37.17%
Piramal Finance Limited	45,975	1,942.90	24.08	—	—	—	—
SUNDARAM FINANCE LTD	44,403	3,996.55	27.42	—	—	—	-16.26%
Authum Investment & Infrastructure Limited	43,913	517.10	25.16	—	-24.30% TTM	-56.50% TTM	-10.17%
HDB FINANCIAL SERVICES LIMITED S	42,098	506.65	14.22	—	—	—	-30.70%
POONAWALLA FINCORP LIMITED	41,349	469.55	38.02	—	+75.12% TTM	+399.21% TTM	-0.70%
Mahindra & Mahindra Financial Services Limited	37,542	270.05	10.42	—	+14.94% TTM	+45.99% TTM	-15.21%
Manappuram Finance Limited	29,495	314.00	20.41	—	+4.79% TTM	+85.35% TTM	+17.85%
IIFL FINANCE LIMITED	24,697	578.65	9.35	—	+35.37% TTM	+157.78% TTM	+7.38%
Capri Global Capital Limited	23,121	240.30	17.65	—	+52.88% TTM	+82.77% TTM	+21.89%
Five-Star Business Finance Ltd. S	11,724	397.15	10.50	—	+8.28% TTM	+1.05% TTM	-39.17%
SBFC Finance Limited	9,820	88.32	28.37	—	+28.23% TTM	+45.63% TTM	-24.80%
PAISALO DIGITAL LIMITED	7,279	77.43	27.42	—	+23.60% TTM	+27.97% TTM	+101.17%
Bengal & Assam Company Limited	6,477	5,680.00	8.29	—	+12.05% TTM	+3.26% TTM	-25.74%
Fedbank Financial Services Limited S	5,923	157.85	13.66	—	+21.29% TTM	+76.56% TTM	+10.46%
Mrugesh Trading Ltd. S	5,665	78.41	—	-0.30%	+21.12% TTM	+94.74% TTM	+3,464.09%
SG FINSERVE LIMITED S	4,670	708.75	24.95	—	+104.57% TTM	+86.47% TTM	+85.76%
MAS Financial Services Limited	4,607	253.90	10.89	—	+22.72% TTM	+23.77% TTM	-19.01%
Northern Arc Capital Ltd.	4,481	276.95	9.38	—	+29.02% TTM	+70.21% TTM	+0.64%
Aryaman Financial Services Ltd.	823	671.90	21.10	—	-46.94% TTM	-25.44% TTM	-14.57%

Filings & corporate actions

Recent announcements

Certificate under Regulation 74(5) of SEBI (DP) Regulation, 2018 for the quarter ended September 30, 2026.15 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for the closure of trading window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Authorisation under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.15 Sep 2026 · Company Update / General
Resignation of Ms Reenal Khandelwal as Company Secretary and Compliance Officer of the company w.e.f. Close of business hours on September 15, 202615 Sep 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Appointment of Ms Anjali Gorsia as Company Secretary and Compliance Officer of the company w.e.f. September 15, 2026.15 Sep 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Outcome of the Board meeting for Appointment and Resignation of Company Secretary and Compliance Officer15 Sep 2026 · Others / Outcome without intimation
Voting Results and Scrutinizer Report for the 32nd Annual General Meeting.12 Sep 2026 · AGM/EGM / AGM
Proceedings of the 32nd Annual General Meeting of the company.11 Sep 2026 · AGM/EGM / AGM
Investment in Aryaman Finance (India) Limited, a wholly owned subsidiary.27 Aug 2026 · Company Update / General
Newspaper Clipping - Notice of the 32nd Annual General Meeting18 Aug 2026 · Company Update / Newspaper Publication
Intimation of Book Closure for 32nd Annual General Meeting.17 Aug 2026 · Corp. Action / Book Closure
Annual Report of the company for the Financial Year 2025-26 along with Notice of the 32nd Annual General Meeting.17 Aug 2026 · Others / Reg. 34 (1) Annual Report
Notice of 32nd Annual General Meeting (AGM) to be held on Friday, September 11, 202617 Aug 2026 · AGM/EGM / AGM
Newspaper Clippings - Unaudited Financial Results15 Aug 2026 · Company Update / Newspaper Publication
Financial Results for the Quarter Ended June 30, 202614 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on August 14, 202614 Aug 2026 · Board Meeting / Outcome of Board Meeting
Aryaman Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve Consideration and ....7 Aug 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended June 30, 2026.10 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Investment in Aryaman Finance (India) Limited ,wholly owned subsidiary7 Jul 2026 · Company Update / General
Intimation for Closure of Trading Window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Announcement under regulation 30 (LODR) - Investment in Aryaman Finance (India) Limited , a Wholly Owned Subsidiary3 Jun 2026 · Company Update / General
Compliance under Regulation 24(A) of SEBI (LODR), Regulations, 201530 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Advertisement under Regulation 47 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201523 May 2026 · Company Update / Newspaper Publication
Intimation of Appointment of Internal Auditor - Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201521 May 2026 · Company Update / Change in Management
Results for the Financial Year Ended March 31, 202621 May 2026 · Result / Financial Results
1. The Audited Standalone Financial Results set out in compliance with Indian Accounting Standards (IND-AS) for the Quarter and Year ended March 31, 2026 together with Statement of Assets ....21 May 2026 · Board Meeting / Outcome of Board Meeting
1. The Audited Standalone Financial Results set out in compliance with Indian Accounting Standards (IND-AS) for the Quarter and Year ended March 31, 2026 together with Statement of Assets ....21 May 2026 · Board Meeting / Outcome of Board Meeting
Aryaman Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2026 ,inter alia, to consider and approve the Audited (Consolidated ....14 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....29 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended March 31, 202613 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Closure of Trading WIndow23 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shripal Shah10 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shripal Shah10 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shripal Shah10 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Newspaper Advertisement under Regulation 47 read with Regulation 33 of the SEBI (LODR) Regulations, 201514 Feb 2026 · Company Update / Newspaper Publication
Financial Results for the Quarter ended December 31, 202513 Feb 2026 · Result / Financial Results
Outcome of Board Meeting - Submission of Unaudited FInancial Results for the Quarter ended December 31, 2025, along with Limited Review Report13 Feb 2026 · Board Meeting / Outcome of Board Meeting
Aryaman Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2026 ,inter alia, to consider and approve The Unaudited (Consolidated ....5 Feb 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended December 31, 202513 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Receipt of Certificate of Registration as a NBFC (NBFC-ND-ICC) by Aryaman Finance (India) Limited, a Wholly Owned Subsidiary27 Dec 2025 · Company Update / General

Board meetings

14 Aug 2026 Board Meeting - Financial Results