Aryan Share & Stock Brokers Lt (ARYAN.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-112.4%

-₹2.42

vs ₹19.50 price

Levered DCF

₹0.52

After debt service

Piotroski score

—

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	2.96×	-20.95×	12.07×	12.62×	16.79×	24.04×	99.3×	16.79×
P/B	0.32×	0.44×	0.4×	0.47×	0.48×	0.5×	0.51×	0.51×
P/S	0×	0×	27.86×	76.13×	15.23×	8.05×	8.21×	6.64×
EV / EBITDA	-5.01×	-97.5×	-5.74×	-9.24×	-24.02×	-13.94×	32.14×	15.44×
Gross margin	0.0%	0.0%	-106.1%	-336.0%	72.7%	15.9%	-21.0%	-20.2%
Operating margin	0.0%	0.0%	-457.7%	-1079.4%	-68.0%	-59.2%	-98.7%	-81.3%
Net margin	0.0%	0.0%	230.3%	604.0%	90.9%	33.6%	8.3%	39.6%
Current ratio	1.16×	1.06×	0.93×	0.62×	1.43×	1.49×	1.03×	1.04×
Debt / equity	0×	0×	0×	0.12×	0×	0×	0.22×	0.45×
Interest coverage	0×	-26.45×	0×	0×	0×	0×	-4.04×	-3.07×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.9%	-2.1%	3.3%	3.7%	2.9%	2.1%	0.5%	3.0%
Return on invested capital	-6.0%	-7.8%	-6.1%	-4.9%	-1.6%	-1.9%	-4.9%	-3.6%
Return on assets	9.8%	-1.8%	2.9%	3.0%	2.6%	1.8%	0.1%	0.8%
Free cash flow yield	40.1%	17.0%	-15.6%	26.0%	29.2%	44.0%	5.4%	3.7%
Earnings yield	33.7%	-4.8%	8.3%	7.9%	6.0%	4.2%	1.0%	6.0%
Enterprise value	₹52.4M	₹65.6M	₹56.5M	₹86.1M	₹67.1M	₹66.9M	₹88.2M	₹120.5M
Net debt / EBITDA	0.15×	0.56×	0.51×	-1.89×	0.53×	0.34×	7.17×	6.66×
Cash conversion cycle (days)	-662	-670	-694	2,945	-2,793	-421	2,648	2,030