Aryaman Fin.Serv (530245)

Score breakdown: P/E: 1/3 · ROCE: 2/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

Strengths

• High return on equity of 29.17% and ROCE of 31.88%
• Latest quarter profitable: sales ₹20 Cr, net profit ₹9 Cr
• Small-cap NBFC niche with potential for focused lending
• No debt-to-equity figure provided, but balance sheet appears manageable enough to maintain operations

Concerns

• Sales and profit growth severely negative: -46.91% and -51.62%
• P/B of 13.25 and P/E of 23.48 leave no margin of safety
• Piotroski F-Score of 3/9 signals weak financial health
• Current price ₹363.90 is below the 52-week low of ₹480, indicating persistent selling pressure and no dividend

AI Analysis

Looking at Aryaman Fin.Serv, I must say the numbers give me pause. A price of ₹363.90 against a book value of just ₹27.46 translates to a P/B of 13.25—that is not a margin of safety by any Graham standard. The P/E of 23.48 might look acceptable for a fast grower, but sales are down 46.91% and profits down 51.62%. That is not growth; that is shrinkage. The Piotroski F-Score of 3 out of 9 reinforces my unease—this is a company with deteriorating fundamentals, not a hidden gem. It also trades below its 52-week range of ₹480 to ₹1100, which tells me the market has been marking it down aggressively, and I see no dividend to cushion the fall. There are some positives. Return on equity is 29.17% and ROCE is 31.88%, which are impressive—but with a shrinking top line, such returns may not last. The latest quarter shows sales of ₹20 crore and net profit of ₹9 crore, so it still earns money. Yet with no dividend, no promoter holding data, and debt-to-equity not disclosed, transparency is a red flag for Indian retail investors. In the Buffett-Graham tradition, I would rather wait for the business to prove it can stabilise and grow again. A high-margin NBFC with these returns is worth watching, but at this valuation, the downside risk outweighs the potential reward. I need clarity on capital allocation, leverage, and the reason for the sharp decline. Until then, this belongs on the watchlist, not in my portfolio.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer