Aryaman Capital Markets Ltd (ARYACAPM)

Loading page…

Aryaman Capital Markets Ltd (ARYACAPM) · mywealthgrid

About

Aryaman Capital Markets Ltd is an investment company in India's financial services sector with a market cap of ₹480 Cr. Operating at ₹400 per share, it generates strong profitability metrics with 37.4% operating margin and 38.69% ROE, positioning it as a high-return but small-scale player in capital markets.

Face value: ₹10

Market cap

₹503 Cr

P/E

21.9×

P/B

6.5×

Dividend yield

ROE

38.7%

ROCE

48.2%

Debt / equity

0.36

OPM

37.4%

EPS (TTM)

₹19.1

Book value

₹64.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Ownership concentration: promoters hold 74.28% with zero FII and DII participation. Verify institutional investor appetite and whether a 25.72% public float supports liquid price discovery.
Margin sustainability: 37.4% OPM and 38.69% ROE assume stable profitability. Verify whether these metrics are consistent across business cycles or tied to market conditions.
Price volatility: 52-week range of ₹316.45–₹723.25 (2.3x) reflects significant swings. Understand whether this reflects micro-cap liquidity or underlying business uncertainty.
Competitive scale: At ₹480 Cr market cap, the company is small relative to peers. Verify competitive positioning in investment services.

Generated analysis · source review pending

Growth drivers

ROE of 38.69% reflects capital-efficient operations; sustaining or growing this as scale increases could compound shareholder returns.
Operating margin of 37.4% provides a profitable base to fund expansion; verify whether margins sustain or compress as the company scales revenue.
Low leverage (D/E 0.36) creates financial capacity for growth investments; unused debt capacity is available if business expansion is pursued.
Small market-cap base offers runway for organic growth; verify the company's strategy for expanding revenue and client base in capital markets.

Generated analysis · source review pending

604 historical price candles were omitted because the exchange source has not been verified.

₹419.0-1.4%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.8% (3-yr avg)
+High return on capital employed of 31.5%
+Healthy operating margin of 37.4%
+High promoter holding of 74.3% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

71/100

Business quality: 87
Valuation: 54

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0	0	45	32	75
Interest	0	0	3	4	4
Expenses	0	0	42	23	47
Financing profit	0	0	0	5	24
Financing margin %	0%	0%	1%	16.1%	32.6%
Other income	0	0	1	2	3
Depreciation	0	0	0	0	0
Profit before tax	0	0	2	7	27
Tax	0	0	0	1	4
Tax %	—	—	16.8%	13.8%	14.9%
PAT	0	0	1	6	23
EPS (₹)	0.2	0.3	1.2	5.4	19.2
EPS adjusted (₹)	—	—	1.2	5.4	19.1
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	0	0	0	12	12	12
Reserves	—	0	0	17	29	65
	—	0	0	41	46	28
	—	0	0	2	4	11
Total equity & liabilities	—	0	0	72	91	116
	0	0	0	1	1	1
CWIP	—	0	0	—	—	—
Investments	—	0	0	18	26	47
	—	—	—	52	64	68
Total assets	—	0	0	72	91	116

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0	0	7	9	28
	0	0	-1	2	-3
	0	0	7	2	-22
Net cash flow	0	0	13	12	4
Free cash flow	0	0	7	9	28
CFO / Operating profit %	—	—	195.8%	99%	99.9%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 134%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 255%

Return on equity

7 years: —
5 years: —
3 years: 17%
Last year: 30%

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	8.7%	29.4%	41.4%
EBITDA margin %	—	—	8%	27.9%	37.4%
EBIT margin %	—	—	7.8%	27.6%	37.3%
PAT margin %	—	—	3.3%	20.3%	30.7%
Working capital
Receivable days	—	—	1	2	1
Inventory days	—	—	146	259	131
Payable days	—	—	0	0	11
NWC days	—	—	147	261	122
Leverage
Current ratio	—	—	1.69	1.89	3.45
Debt to EBITDA	—	—	11.37	5.2	1
Debt to equity	—	—	1.43	1.12	0.36
Interest coverage	—	—	1.6	3	8.5
Asset turnover	—	—	0.63	0.35	0.64
Return ratios
Return on assets %	—	—	2.1%	7.1%	19.7%
Return on capital employed %	—	—	16.1%	30.2%	48.2%
Return on equity %	—	—	5.2%	15.7%	29.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%	74.28%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.72%	25.72%	25.72%	25.72%	25.72%	25.72%	25.72%	25.72%	25.72%	25.72%	25.72%	25.72%
No. of shareholders	—	—	—	—	—	—	—	—	768	650	583	576

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Aryaman Capital Markets Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results10 Aug 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

17 announcementsExport CSV

30 Sept 2026, 1:02 pmCompany Update

Authorisation Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

30 Sept 2026, 12:55 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Resignation of Company Secretary / Compliance Officer PDF

30 Sept 2026, 12:50 pmCompany Update

Appointment of Company Secretary and Compliance Officer

Appointment of Company Secretary / Compliance Officer PDF

30 Sept 2026, 12:44 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Held On September 30, 2026.

Outcome without intimation PDF

3 Sept 2026, 12:47 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

2 Sept 2026, 3:39 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

11 Aug 2026, 12:40 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

11 Aug 2026, 12:33 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
30 Sept 2026, 1:02 pm	Company Update General	Authorisation Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
30 Sept 2026, 12:55 pm	Company Update Resignation of Company Secretary / Compliance Officer	Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Loading announcements…

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	8.7%	29.4%	41.4%
EBITDA margin %	—	—	8%	27.9%	37.4%
EBIT margin %	—	—	7.8%	27.6%	37.3%
PAT margin %	—	—	3.3%	20.3%	30.7%
Working capital
Receivable days	—	—	1	2	1
Inventory days	—	—	146	259	131
Payable days	—	—	0	0	11
NWC days	—	—	147	261	122
Leverage
Current ratio	—	—	1.69	1.89	3.45
Debt to EBITDA	—	—	11.37	5.2	1
Debt to equity	—	—	1.43	1.12	0.36
Interest coverage	—	—	1.6	3	8.5
Asset turnover	—	—	0.63	0.35	0.64
Return ratios
Return on assets %	—	—	2.1%	7.1%	19.7%
Return on capital employed %	—	—	16.1%	30.2%	48.2%
Return on equity %	—	—	5.2%	15.7%	29.6%

23 deals · 26 Nov 2021 – 4 Feb 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Feb 2025	ARVIND KUMAR BANSAL (HUF)	Bulk	BSE	Buy	90,000	₹214.00	₹1.93 Cr
4 Feb 2025	GANGA DEVI BANSAL	Bulk	BSE	Sell	75,000	₹214.00	₹1.61 Cr
24 Sept 2024	VEDANKIT TRADERS PRIVATE LIMITED	Bulk	BSE	Sell	1,12,500	₹195.00	₹2.19 Cr
23 Sept 2024	BLACKBERRY SAREES PRIVATE LIMITED	Bulk	BSE	Sell	1,10,000	₹197.00	₹2.17 Cr
11 Jul 2024	WAJID AHMED	Bulk	BSE	Sell	1,07,500	₹139.65	₹1.50 Cr
11 Jul 2024	INVESTINO VENTURE LLP .	Bulk	BSE	Buy	1,06,250	₹139.65	₹1.48 Cr
3 Aug 2023	TIA ENTERPRISES PRIVATE LIMITED	Bulk	BSE	Sell	70,000	₹50.00	₹0.35 Cr
3 Aug 2023	MENTAX IMPEX PRIVATE LIMITED	Bulk	BSE	Buy	70,000	₹50.00	₹0.35 Cr
1 Aug 2023	TIA ENTERPRISES PRIVATE LIMITED	Bulk	BSE	Sell	1,10,000	₹50.00	₹0.55 Cr
1 Aug 2023	BLACKBERRY SAREES PRIVATE LIMITED	Bulk	BSE	Buy	1,10,000	₹50.00	₹0.55 Cr

1–10 of 23

1 / 3

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jio Financial Services LimitedJIOFINJIOFIN	₹1,40,316 Cr	₹1,62,084 Cr	₹4,905 Cr	₹3,264 Cr	65.6%	₹2,066 Cr	44.4%	—	1.2%	—
Aditya Birla Capital LimitedABCAPITALABCAPITAL	₹1,02,546 Cr	₹2,81,426 Cr	₹48,186 Cr	₹17,803 Cr	36.7%	₹4,104 Cr	8.5%	—	11.6%	—
Tata Investment Corporation LimitedTATAINVESTTATAINVEST	₹31,122 Cr	₹31,122 Cr	₹404 Cr	₹361 Cr	89.4%	₹431 Cr	109.2%	—	1.4%	—
Cholamandalam Financial Holdings LimitedCHOLAHLDNGCHOLAHLDNG	₹25,721 Cr	₹2,36,121 Cr	₹40,993 Cr	₹22,781 Cr	55.1%	₹2,669 Cr	14%	—	17.5%	—
Tvs Holdings LimitedTVSHLTDTVSHLTD	₹24,010 Cr	₹60,166 Cr	₹62,488 Cr	₹9,940 Cr	15.8%	₹1,970 Cr	5.8%	—	30.4%	—
Maharashtra Scooters LimitedMAHSCOOTERMAHSCOOTER	₹14,113 Cr	₹14,113 Cr	₹289 Cr	₹285 Cr	98.7%	₹279 Cr	99.3%	—	1.1%	—
Jsw Holdings LimitedJSWHLJSWHL	₹12,496 Cr	₹12,496 Cr	₹184 Cr	₹168 Cr	92.2%	₹137 Cr	81.7%	—	0.5%	—
Religare Enterprises LimitedRELIGARERELIGARE	₹7,663 Cr	₹8,064 Cr	₹8,941 Cr	₹60 Cr	1.6%	₹50 Cr	0.9%	—	3.2%	—
Pilani Investment And Industries Corporation LimitedPILANIINVSPILANIINVS	₹4,320 Cr	₹6,712 Cr	₹248 Cr	₹216 Cr	88.5%	₹-12 Cr	11%	—	0.2%	—
Nalwa Sons Investments LimitedNSILNSIL	₹2,633 Cr	₹2,636 Cr	₹98 Cr	₹77 Cr	74.8%	₹55 Cr	56.1%	—	0.3%	—
Kalyani Investment Company LimitedKICLKICL	₹2,065 Cr	₹2,065 Cr	₹78 Cr	₹65 Cr	82.2%	₹41 Cr	47.1%	—	0.4%	—
El Cid Investments LimitedELCIDINELCIDIN	₹2,043 Cr	—	₹134 Cr	₹127 Cr	94.5%	₹109 Cr	81%	—	1.2%	—

Aryaman Capital Markets Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Board meetings1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1