ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of ARYAMAN FINANCIAL SERVICES LTD. ₹281, price ₹630, upside -55.5%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch ARYAMAN FINANCIAL SERVICES LTD. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹37.75 – ₹1,083 · fair‑value band ₹212.63 – ₹367.33 · the ₹630.00 price screens above the ₹280.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Follow ARYAMAN FINANCIAL SERVICES in your weekly email
Every Wednesday you see whether ARYAMAN FINANCIAL SERVICES is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN) currently trades at ₹630.00, while our model-based Fair Value estimate is ₹280.62, 55.5% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of ₹326.91 per share, and 0 of the 11 models we run sit above the ₹630.00 price.
Bear case: the Asset-Based group reads lowest at ₹87.77, and 11 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹212.63 (bear) to ₹367.33 (bull), the price of ₹630.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Financials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
ARYAMAN FINANCIAL SERVICES LTD. reported revenue of ₹782M in FY2025 versus ₹839M in FY2021, a compound −1.7%/yr. Reported net income was ₹296M in FY2025, compounding +58.7%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹7.7B (≈ $80.1M) · P/E ratio 25.3 · P/S ratio 9.57 · EPS (TTM) ₹24.89 · Net margin 37.8% · Return on equity 19.0% · Return on assets (EBIT) 15.3% · Operating margin 80.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financials peers we cover trades at −14% fair-value upside, at −55%, ARYAMAN screens richer than that median.
Fair Value models
Bear ₹212.63Fair Value ₹280.62Bull ₹367.33
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (₹18.82 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−30.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.7%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.1%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +63.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+63.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.98.9% vs 30.1%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 53%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 60% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+24.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +19.8% a year for the price.
Compare ARYAMAN FINANCIAL SERVICES LTD. with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Financial Services” was too small, so the broader sector is used.)Financials · 3146 stocks
Beats the sector median on 5/12 measures
A mixed picture versus its sector peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−55.5% · Bottom 25%
Profitability
Return on equity (TTM)19.0% · Top 25%
Return on assets16.6% · Top 25%
Net margin (TTM)50.8% · Top 25%
Operating margin (TTM)80.9% · Top 25%
Growth and dividend
Revenue growth−30.2% · Bottom 25%
Valuation Multiplesvs Financials median · lower = cheaper
P/E (TTM)25.3× · Priciest 25%
P/B4.81× · Priciest 25%
P/S (TTM)13.21× · Priciest 25%
P/FCF23.3× · Priciest 25%
EV/EBITDA18.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)0· sector 47
PAST (return on equity)76· sector 38
HEALTH (low debt)100· sector 87
DIVIDEND (yield)0· sector 59
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹280.62 versus a price of ₹630.00, about −55% upside (overvalued).
What is the fair value of ARYAMAN?
Our model-based fair value for ARYAMAN FINANCIAL SERVICES LTD. is ₹280.62 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹630.00.
What is the quality score of ARYAMAN?
ARYAMAN FINANCIAL SERVICES LTD. has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
Our model-based price target is the fair value of ₹280.62 (as of Oct 2, 2026) from 11 valuation models. Cautious scenario ₹212.63, optimistic scenario ₹367.33. It is a calculation from audited fundamentals, not an analyst target.
What is the ARYAMAN FINANCIAL SERVICES LTD. stock forecast for 2026?
Our models put fair value at ₹280.62, about −55% upside versus a price of ₹630.00 (overvalued). Cautious scenario ₹212.63, optimistic scenario ₹367.33. The calculation is refreshed regularly with new filings.
What is the revenue of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
ARYAMAN FINANCIAL SERVICES LTD. reported trailing-twelve-month revenue of about ₹753M (latest available figure, as of Oct 2, 2026).
What growth is priced into ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
For today's price to be fair in a discounted-cash-flow model, ARYAMAN FINANCIAL SERVICES LTD. would have to grow free cash flow by +24.7 % per year for five years (discount rate 15.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -10.7 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of ARYAMAN use?
Our models discount ARYAMAN FINANCIAL SERVICES LTD. at 15.4 %: a base by market capitalisation (micro), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ARYAMAN FINANCIAL SERVICES LTD. that is +24.7 % per year a year over ten years, using the same discount rate (15.4 %) and the same formula as our fair value.
How much growth has ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN) delivered so far?
Over the past 5 years revenue at ARYAMAN FINANCIAL SERVICES LTD. grew -10.7 % a year. The price currently implies +24.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
What is the free cash flow yield of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
The free-cash-flow yield on the price is 4.30 %: that much free cash flow ARYAMAN FINANCIAL SERVICES LTD. produces per unit of market value. When it exceeds the discount rate of our models (15.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ARYAMAN FINANCIAL SERVICES LTD. it is ₹280.62 per share (as of Oct 2, 2026), against a price of ₹630.00. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is ARYAMAN FINANCIAL SERVICES LTD. stock overvalued or undervalued in 2026?
As of Oct 2, 2026, ARYAMAN trades above its calculated fair value: price ₹630.00, fair value ₹280.62, a gap of about −55% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ARYAMAN?
No. The price is what the market pays today (₹630.00); the fair value is what the company's own numbers justify (₹280.62). For ARYAMAN FINANCIAL SERVICES LTD. the two are ₹349.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is ARYAMAN FINANCIAL SERVICES LTD. worth?
The market values ARYAMAN FINANCIAL SERVICES LTD. at about ₹7.7B (market capitalisation, as of Oct 2, 2026). Per share that is ₹630.00; our models calculate a fair value of ₹280.62 per share.
What do the bullish and bearish scenarios say about ARYAMAN?
Our models span a range for ARYAMAN FINANCIAL SERVICES LTD.: cautious scenario ₹212.63, base ₹280.62, optimistic ₹367.33 per share (as of Oct 2, 2026, price ₹630.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ARYAMAN?
ARYAMAN FINANCIAL SERVICES LTD. trades at a price-to-earnings ratio of 25.3 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹280.62 is built from several models across several years. Other multiples: P/B 4.8, P/S 13.2, EV/EBITDA 18.4.
How solid is the balance sheet of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
Balance-sheet figures for ARYAMAN FINANCIAL SERVICES LTD. (as of Oct 2, 2026): return on equity 19.0%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is ARYAMAN from its 52-week high?
ARYAMAN FINANCIAL SERVICES LTD. trades at ₹630.00, about 25% below its 52-week high of ₹836.10 and 11% above the low of ₹570.00 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹280.62 is for.
Which stocks are comparable to ARYAMAN FINANCIAL SERVICES LTD.?
From the same area (Financials) we also value CGFL, DHARNI, NCLRESE, 539679, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ARYAMAN FINANCIAL SERVICES LTD. stock attractive at the current price?
The data as of Oct 2, 2026: price ₹630.00, calculated fair value ₹280.62 (−55%), Quality Score 70/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ARYAMAN calculated?
We run ARYAMAN FINANCIAL SERVICES LTD. through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹280.62, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. ARYAMAN FINANCIAL SERVICES LTD. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
The closing price on Oct 1, 2026 was ₹630.00. Our model-based fair value is ₹280.62, about −55% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ARYAMAN FINANCIAL SERVICES LTD. right now?
A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (₹367.33). The favourable scenario is already priced in. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of ARYAMAN FINANCIAL SERVICES LTD.
How large is the market capitalisation of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
The market capitalisation of ARYAMAN FINANCIAL SERVICES LTD. is ₹7.7B (≈ $80.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
The price-to-sales ratio of ARYAMAN FINANCIAL SERVICES LTD. is 9.57 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
Earnings per share at ARYAMAN FINANCIAL SERVICES LTD. are ₹24.89 (price ÷ EPS = P/E 25.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
The net margin of ARYAMAN FINANCIAL SERVICES LTD. is 37.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
The return on equity (ROE) of ARYAMAN FINANCIAL SERVICES LTD. is 19.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
On an EBIT basis the return on assets of ARYAMAN FINANCIAL SERVICES LTD. is 15.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
The operating margin of ARYAMAN FINANCIAL SERVICES LTD. is 80.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
Revenue at ARYAMAN FINANCIAL SERVICES LTD. is growing −30.2% versus a year earlier (3y avg +13.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN)?
Earnings per share at ARYAMAN FINANCIAL SERVICES LTD. are growing +6.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does ARYAMAN FINANCIAL SERVICES LTD. (ARYAMAN) carry?
The net debt of ARYAMAN FINANCIAL SERVICES LTD. is ₹122M (fiscal year 2024, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch ARYAMAN FINANCIAL SERVICES LTD. in the live analysis
One click puts ARYAMAN FINANCIAL SERVICES LTD. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
