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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Aryaman Financial Services's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 11.69%.
As of today (2026-07-19), Aryaman Financial Services's WACC % is 8.18%. Aryaman Financial Services's ROIC % is 21.48% (calculated using TTM income statement data).
Aryaman Financial Services generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Aryaman Financial Services's WACC % is 8.18%. Aryaman Financial Services's ROIC % is 21.48% (calculated using TTM income statement data).
Aryaman Financial Services generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of 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.
* 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.
For the Capital Markets subindustry, Aryaman Financial Services's ROIC %, along with its competitors' market caps and ROIC % 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 Financial Services ROIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Aryaman Financial Services's ROIC % distribution charts can be found below:
* The bar in red indicates where Aryaman Financial Services's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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 Financial Services (BOM:530245) has a ROIC % of 11.69% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Aryaman Financial Services and its competitors.
Is Aryaman Financial Services' ROIC % too high?
Aryaman Financial Services' current ROIC % is 11.69%. The Capital Markets industry median ROIC % is 1.35. Aryaman Financial Services' value of 11.69% is 765.9% above this industry median. Overall, Aryaman Financial Services has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aryaman Financial Services' ROIC % compare to MS and GS?
Aryaman Financial Services' ROIC % of 11.69% can be compared against companies in the Capital Markets industry. The industry median ROIC % is 1.35. Aryaman Financial Services' value of 11.69% is 765.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Capital Markets company?
The median ROIC % among Capital Markets companies is 1.35, based on 699 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aryaman Financial Services's current ROIC % of 11.69% is 765.9% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Aryaman Financial Services and its competitors. For the Capital Markets industry, the median ROIC % is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aryaman Financial Services's current ROIC % is 11.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aryaman Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Aryaman Financial Services (BOM:530245) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹481.31, compared to a current price of ₹590.00 — trading 22.6% above its estimated fair value. The current ROIC % is 11.69% and 765.9% above the Capital Markets industry median of 1.35. Aryaman Financial Services' overall GF Score™ is 62/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Aryaman Financial Services (BOM:530245), the current ROIC % is 11.69% 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 Financial Services (BOM:530245) Overvalued in 2026?
Based on GuruFocus' analysis, Aryaman Financial Services stock appears to be overvalued.
The current stock price of ₹590.00 is trading 22.6% above its estimated GF Value™ of ₹481.31.
GuruFocus considers Aryaman Financial Services to be Modestly Overvalued.
Key valuation signals for BOM:530245:
ROIC %: 11.69%
GF Value™: ₹481.31 vs. price of ₹590.00 (22.6% above fair value)
Industry Position: 765.9% above the Capital Markets median
No single metric tells the full story. See the BOM:530245 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aryaman Financial Services Ltd is engaged in the merchant banking business. The company is engaged in the business of management and syndication of small and medium-sized initial public offerings, rights issues, composite issues, venture capital funding, and others. The company generates its revenue from Fees & Commission income, Investment and Dividend income, and Sale of stock-in-trade.
62GF Score
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ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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