Aryaman Capital Markets (BOM:538716) ROA %: 14.61% (As of Mar. 2026) — 606% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:538716 Aryaman Capital Markets Ltd BOM:538716
69 GF Score
Price ₹398.30
GF Value ₹284.74
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Aryaman Capital Markets ROA %?

Aryaman Capital Markets BOM:538716 -5.16% 69 ROA % is 14.61% as of Mar. 2026, which is 606% above its 10-year median of 2.07. GuruFocus rates BOM:538716 with a GF Score™ of 69/100 and a GF Value™ of ₹284.74 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 814 Capital Markets companies, Aryaman Capital Markets ranks better than 96.81% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Aryaman Capital Markets's annualized Net Income for the quarter that ended in Mar. 2026 was ₹172.6 Mil. Aryaman Capital Markets's average Total Assets over the quarter that ended in Mar. 2026 was ₹1,181.3 Mil. Therefore, Aryaman Capital Markets's annualized ROA % for the quarter that ended in Mar. 2026 was 14.61%.

The historical rank and industry rank for Aryaman Capital Markets's ROA % or its related term are showing as below:

BOM:538716' s ROA % Range Over the Past 10 Years
Min: 0.18   Med: 2.07   Max: 24.22
Current: 24.22

During the past 13 years, Aryaman Capital Markets's highest ROA % was 24.22%. The lowest was 0.18%. And the median was 2.07%.

BOM:538716's ROA % is ranked better than
96.81% of 814 companies
in the Capital Markets industry
Industry Median: 1.555 vs BOM:538716: 24.22

Aryaman Capital Markets  (BOM:538716) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=172.636/1181.319
=(Net Income / Revenue)*(Revenue / Total Assets)
=(172.636 / 307.436)*(307.436 / 1181.319)
=Net Margin %*Asset Turnover
=56.15 %*0.2602
=14.61 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Aryaman Capital Markets ROA % Related Terms


Aryaman Capital Markets ROA % Historical Data

* Premium members only.

The historical data trend for Aryaman Capital Markets's ROA % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aryaman Capital Markets ROA % Chart

Aryaman Capital Markets Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 2.45 7.94 22.15 23.73

Aryaman Capital Markets Quarterly Data
Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.33 38.01 24.42 20.82 14.61

BOM:538716 vs MS, GS, SCHW: ROA % Comparison

For the Capital Markets subindustry, Aryaman Capital Markets's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aryaman Capital Markets ROA % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Aryaman Capital Markets's ROA % distribution charts can be found below:

* The bar in red indicates where Aryaman Capital Markets's ROA % falls into.


BOM:538716
69GF Score
Aryaman Capital Markets Ltd BOM:538716
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aryaman Capital Markets ROA % Calculation

Aryaman Capital Markets's annualized ROA % for the fiscal year that ended in Mar. 2026 is calculated as:

ROA %=Net Income (A: Mar. 2026 )/( (Total Assets (A: Mar. 2025 )+Total Assets (A: Mar. 2026 ))/ count )
=277.935/( (1161.098+1181.319)/ 2 )
=277.935/1171.2085
=23.73 %

Aryaman Capital Markets's annualized ROA % for the quarter that ended in Mar. 2026 is calculated as:

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=172.636/( (0+1181.319)/ 1 )
=172.636/1181.319
=14.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2026) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 14.61% mean?
Aryaman Capital Markets (BOM:538716) has a ROA % of 14.61% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Aryaman Capital Markets and its competitors. This is 606% above median its historical median of 2.07. Over the past decade, Aryaman Capital Markets' ROA % has ranged from 0.18 to 24.22. According to the industry distribution chart, Aryaman Capital Markets ranks #26 out of 814 companies in the Capital Markets industry, placing it in the top 3.2%.
Is Aryaman Capital Markets' ROA % too high?
Aryaman Capital Markets' current ROA % of 14.61% is 606% above median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 24.22. The Capital Markets industry median ROA % is 1.56. Aryaman Capital Markets' value of 14.61% is 839.5% above this industry median. Based on the distribution chart, Aryaman Capital Markets ranks #26 out of 814 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Aryaman Capital Markets has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aryaman Capital Markets' ROA % compare to MS and GS?
According to the Capital Markets industry distribution chart, Aryaman Capital Markets ranks #26 out of 814 companies for ROA %. This places Aryaman Capital Markets in the top 3% of its industry — outperforming the majority of peers. The industry median ROA % is 1.56. Aryaman Capital Markets' value of 14.61% is 839.5% above this benchmark. Historically, Aryaman Capital Markets' own ROA % has ranged from 0.18 to 24.22 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 1.56, Aryaman Capital Markets has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Capital Markets company?
The median ROA % among Capital Markets companies is 1.56, based on 814 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aryaman Capital Markets's current ROA % of 14.61% is 839.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Aryaman Capital Markets and its competitors. For the Capital Markets industry, the median ROA % is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aryaman Capital Markets's current ROA % is 14.61%, which is 606% above median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aryaman Capital Markets stock overvalued right now?
Based on GuruFocus' analysis, Aryaman Capital Markets (BOM:538716) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹284.74, compared to a current price of ₹398.30 — trading 39.9% above its estimated fair value. The current ROA % is 14.61%, which is 606% above median its 10-year median of 2.07 and 839.5% above the Capital Markets industry median of 1.56. Aryaman Capital Markets' overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Aryaman Capital Markets (BOM:538716), the current ROA % is 14.61% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Aryaman Capital Markets (BOM:538716) Overvalued in 2026?

Based on GuruFocus' analysis, Aryaman Capital Markets stock appears to be overvalued. The current stock price of ₹398.30 is trading 39.9% above its estimated GF Value™ of ₹284.74. GuruFocus considers Aryaman Capital Markets to be Significantly Overvalued.

Key valuation signals for BOM:538716:

  • ROA %: 14.61% (606% above median its 10-year median of 2.07)
  • GF Value™: ₹284.74 vs. price of ₹398.30 (39.9% above fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 839.5% above the Capital Markets median (#26 of 814)

No single metric tells the full story. See the BOM:538716 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aryaman Capital Markets Business Description

Address Dalal Street, 718-A, P. J. Towers, Fort, Mumbai, MH, IND, 400001
Aryaman Capital Markets Ltd carries out various fund-based and secondary market activities. It is engaged in activities such as trading and investments in quoted and unquoted securities, underwriting capital market issuances, brokering income from equity and debt market placements, and market making. The company generates revenue through dividends, interests, and fees for providing its customers with various capital market-related services.
69GF Score

Get the complete analysis for BOM:538716

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹398.30
Price
₹284.74
GF Value