20-quarter listed-company comparison

Finance - Investment/Others Stocks in India

Finance - Investment/Others: SMT Engineering Ltd owns the largest revenue base AND the fastest current growth.

01 · the index people search for

Nifty Finance - Investment/Others Index — Constituents & Performance

The Finance - Investment/Others companies below are the listed Indian Finance - Investment/Others universe this page tracks — the same constituent set people search for as the Nifty Finance - Investment/Others index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Finance - Investment/Others moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 1254% ahead of NIFTY 500. Earnings across its companies grew 8% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 75 weeks running.

BREAKING OUT · ahead 75w·Price and the fundamentals both up1 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑75w · 2/3 >200d (+0) · 1/3 lead (+0) · EPS —

Finance - Investment/Others, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Finance - Investment/Others outperforming NIFTY 500?

Finance - Investment/Others has outperformed NIFTY 500 by 269.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 7.4%. 3 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. SMT Engineering Ltd is the strongest against the sector itself at +22.8%. Readings are as of 2026-07-19.

+7.4%Sector vs NIFTY 500 · 13 weeks

+269.3%Sector vs NIFTY 500 · 52 weeks

3/3Stocks leading NIFTY 500

1/2Stocks leading sector

Sector metric: 24.1 as of 2026-07-19 · BROADENING · falling.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Finance - Investment/Others has outperformed NIFTY 500 by 269.3% over 52 weeks and 7.4% over 13 weeks. 3 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself. SMT Engineering Ltd leads with income of ₹162 crore, based on 3 of 3 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

₹2.0K Cr

SMT Engineering Ltd

Revenue growing

1/2

positive TTM year-on-year growth

Beating NIFTY 500

3/3

positive Mansfield relative strength

Comparing 3 of 3

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

SMT Engineering Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 52.6% evidence confidence.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1SMT Engineering Ltd538563	64.8/100Thin evidence · provisional53% evidence	ASLEEP	26.5/35 Income 100% · PAT 100% 52% evidence	14.9/25 ROA — · ROE 25.2% · GNPA — 34% evidence	6.4/20 P/BV 6.27× · P/BV÷ROE 0.25 60% evidence	17.0/20 RS sector 22.8% · RS bench 51.5% · 1Y 1524.5%3 of 12 weeks ahead 70% evidence
Exact sum: 26.5 + 14.9 + 6.4 + 17 = 64.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Welspun Investments & Commercials LtdWELINV	29.9/100Adverse evidence75% evidence	LEADER	11.9/35 Income -0.8% · PAT -18.1% 52% evidence	4.0/25 ROA 0.4% · ROE 0.4% · GNPA — 68% evidence	3.0/20 P/BV 1.02× · P/BV÷ROE 2.37 100% evidence	11.0/20 RS sector -8.1% · RS bench 36% · 1Y 75.7%12 of 12 weeks ahead 100% evidence
Exact sum: 11.9 + 4 + 3 + 11 = 29.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Aryaman Capital Markets LtdARYACAPM	57.1/100Thin evidence · provisional32% evidence		17.5/35 Income — · PAT — 0% evidence	16.8/25 ROA — · ROE 38.7% · GNPA — 34% evidence	10.3/20 P/BV 5.23× · P/BV÷ROE 0.14 90% evidence	12.5/20 RS sector — · RS bench 6.5% · 1Y 31.2%0 of 12 weeks ahead to 2026-03-08 25% evidence
Exact sum: 17.5 + 16.8 + 10.3 + 12.5 = 57.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

05 · what price has already done

Market action

SMT Engineering Ltd has the strongest one-year price move in Finance - Investment/Others at +1524.5%. It also leads on Mansfield relative strength against NIFTY at +51.5%. 3 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Income Scale & Growth Durability

SMT Engineering Ltd has the highest Income among the 3 Finance - Investment/Others companies compared here, at ₹162 crore. Aryaman Capital Markets Ltd is next at ₹77 crore. The same company also holds the highest Income growth, at the 100% top of the scoring scale. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: SMT Engineering Ltd is the scale leader at ₹162 crore, 109.6% ahead of Aryaman Capital Markets Ltd. SMT Engineering Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 710% from a ₹162 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderSMT Engineering Ltd · ₹162 crore

Gap109.6% versus #2 · Aryaman Capital Markets Ltd

Persistence2/2 recent comparable periods

Coverage3/3 companies · 36 observations

Investor read: SMT Engineering Ltd is the scale benchmark; SMT Engineering Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: SMT Engineering Ltd's growth falls below SMT Engineering Ltd's for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

Incomelargest

1SMT Engineering Ltd 538563₹162 Cr

2Aryaman Capital Markets Ltd ARYACAPM₹77 Cr

3Welspun Investments & Commercials Ltd WELINV⚠ unverified₹5 Cr

Income growthfastest growers

1SMT Engineering Ltd 538563100%

2Welspun Investments & Commercials Ltd WELINV⚠ unverified-0.8%

Income · company comparison

3/3 level · 2/3 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Income	Income growth	Reported
SMT Engineering Ltd 538563	₹74 Cr	270%	Mar 2026
Aryaman Capital Markets Ltd ARYACAPM	₹15 Cr	-35%	Dec 2025
Welspun Investments & Commercials Ltd WELINV⚠ unverified	₹0 Cr	117%	Mar 2026

Full 20-quarter history · every available company

Income · reported quarter history

Aryaman Capital Markets Ltd · ARYACAPM

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹4 Cr

Sep 2024₹21 Cr

Dec 2024₹24 Cr

Mar 2025₹26 Cr

Jun 2025₹26 Cr

Sep 2025₹10 Cr

Dec 2025₹15 Cr

Mar 2026—

SMT Engineering Ltd · 538563

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹0 Cr

Dec 2022₹0 Cr

Mar 2023₹0 Cr

Jun 2023₹0 Cr

Sep 2023₹0 Cr

Dec 2023₹0 Cr

Mar 2024₹3 Cr

Jun 2024₹0 Cr

Sep 2024₹0 Cr

Dec 2024₹0 Cr

Mar 2025₹20 Cr

Jun 2025₹27 Cr

Sep 2025₹34 Cr

Dec 2025₹27 Cr

Mar 2026₹74 Cr

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹0 Cr

Mar 2023₹3 Cr

Jun 2023₹0 Cr

Sep 2023₹4 Cr

Dec 2023₹0 Cr

Mar 2024₹0 Cr

Jun 2024₹0 Cr

Sep 2024₹5 Cr

Dec 2024₹0 Cr

Mar 2025₹0 Cr

Jun 2025₹0 Cr

Sep 2025₹5 Cr

Dec 2025₹0 Cr

Mar 2026₹0 Cr

Income growth · reported quarter history

Aryaman Capital Markets Ltd · ARYACAPM

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025631%

Sep 2025-50%

Dec 2025-35%

Mar 2026—

SMT Engineering Ltd · 538563

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025567%

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026270%

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202356%

Mar 2024-97%

Jun 2024450%

Sep 202426%

Dec 202436%

Mar 2025-40%

Jun 2025-64%

Sep 20250.4%

Dec 2025-32%

Mar 2026117%

07 · compare level, then change

Profit Scale & Acceleration

Aryaman Capital Markets Ltd has the highest Net profit among the 3 Finance - Investment/Others companies compared here, at ₹29 crore. SMT Engineering Ltd is next at ₹22 crore. SMT Engineering Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Aryaman Capital Markets Ltd leads with ₹29 crore of TTM profit, 30.9% above SMT Engineering Ltd. SMT Engineering Ltd shows ≥100% on the scoring scale (1000% uncapped) growth from a ₹22 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAryaman Capital Markets Ltd · ₹29 crore

Gap30.9% versus #2 · SMT Engineering Ltd

Persistence2/3 recent comparable periods

Coverage3/3 companies · 36 observations

Investor read: Aryaman Capital Markets Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

Net profitlargest

1Aryaman Capital Markets Ltd ARYACAPM₹29 Cr

2SMT Engineering Ltd 538563₹22 Cr

3Welspun Investments & Commercials Ltd WELINV⚠ unverified₹3 Cr

Profit growthfastest growers

1SMT Engineering Ltd 538563100%

Net profit · company comparison

3/3 level · 1/3 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
SMT Engineering Ltd 538563	₹12 Cr	500%	Mar 2026
Aryaman Capital Markets Ltd ARYACAPM	₹6 Cr	-50%	Dec 2025
Welspun Investments & Commercials Ltd WELINV⚠ unverified	₹-0 Cr	-286%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Aryaman Capital Markets Ltd · ARYACAPM

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹0 Cr

Sep 2024₹6 Cr

Dec 2024₹12 Cr

Mar 2025₹5 Cr

Jun 2025₹11 Cr

Sep 2025₹7 Cr

Dec 2025₹6 Cr

Mar 2026—

SMT Engineering Ltd · 538563

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹0 Cr

Dec 2022₹0 Cr

Mar 2023₹0 Cr

Jun 2023₹2 Cr

Sep 2023₹1 Cr

Dec 2023₹0 Cr

Mar 2024₹-5 Cr

Jun 2024₹0 Cr

Sep 2024₹0 Cr

Dec 2024₹0 Cr

Mar 2025₹2 Cr

Jun 2025₹2 Cr

Sep 2025₹6 Cr

Dec 2025₹2 Cr

Mar 2026₹12 Cr

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹0 Cr

Mar 2023₹3 Cr

Jun 2023₹-0 Cr

Sep 2023₹3 Cr

Dec 2023₹0 Cr

Mar 2024₹-0 Cr

Jun 2024₹0 Cr

Sep 2024₹4 Cr

Dec 2024₹0 Cr

Mar 2025₹0 Cr

Jun 2025₹-0 Cr

Sep 2025₹3 Cr

Dec 2025₹-0 Cr

Mar 2026₹-0 Cr

Profit growth · reported quarter history

Aryaman Capital Markets Ltd · ARYACAPM

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20253,985%

Sep 202519%

Dec 2025-50%

Mar 2026—

SMT Engineering Ltd · 538563

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20233,233%

Dec 2023-100%

Mar 2024—

Jun 2024-100%

Sep 2024-100%

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026500%

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024-102%

Jun 2024—

Sep 202426%

Dec 202440%

Mar 2025—

Jun 2025-1,100%

Sep 2025-3.3%

Dec 2025-286%

Mar 2026—

08 · compare level, then change

Funding Base & Its Composition

No company in this Finance - Investment/Others comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, SMT Engineering Ltd is highest at ₹82 crore, across 3 of 3 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

LeaderNo comparable leader

GapNot enough peers

PersistenceNot enough history

Coverage0/3 companies · 0 observations

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.

Depositslargest deposit bases

—Not enough comparable data—

Borrowingslargest borrowings

1SMT Engineering Ltd 538563₹82 Cr

2Aryaman Capital Markets Ltd ARYACAPM₹0 Cr

3Welspun Investments & Commercials Ltd WELINV⚠ unverified₹0 Cr

Funding base · company comparison

0/3 level · 3/3 change

All-company data · latest reported quarter

Company	Deposits	Borrowings	Reported
SMT Engineering Ltd 538563	—	₹82 Cr	Mar 2026
Welspun Investments & Commercials Ltd WELINV⚠ unverified	—	₹0 Cr	Mar 2026
Aryaman Capital Markets Ltd ARYACAPM	—	₹0 Cr	Dec 2025

Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Aryaman Capital Markets Ltd · ARYACAPM

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022₹31 Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹41 Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹46 Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹28 Cr

Jun 2025—

Sep 2025₹0 Cr

Dec 2025—

Mar 2026—

SMT Engineering Ltd · 538563

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022₹4 Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹4 Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹0 Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹52 Cr

Jun 2025—

Sep 2025₹68 Cr

Dec 2025—

Mar 2026₹82 Cr

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022₹0 Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹0 Cr

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024₹0 Cr

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025₹0 Cr

Jun 2025—

Sep 2025₹0 Cr

Dec 2025—

Mar 2026₹0 Cr

09 · compare level, then change

Return On Assets

Welspun Investments & Commercials Ltd has the highest ROA among the 3 Finance - Investment/Others companies compared here, at 0.4%. The same company also holds the highest ROA change, at -0.1 percentage points. 1 of 3 companies report a comparable reading, the latest through Mar 2026. Its ROA series carries 6 reported observations across the 20-quarter window.

What the numbers say: Welspun Investments & Commercials Ltd leads both roa at 0.4% and roa change at -0.1 percentage points.

LeaderWelspun Investments & Commercials Ltd · 0.4%

GapNot enough peers

Persistence0/4 recent comparable periods

Coverage1/3 companies · 6 observations

Investor read: Welspun Investments & Commercials Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

ROAhighest

1Welspun Investments & Commercials Ltd WELINV⚠ unverified0.4%

ROA changefastest improvers

1Welspun Investments & Commercials Ltd WELINV⚠ unverified−0.1 pp

Return on assets · company comparison

1/3 level · 1/3 change

All-company data · latest reported quarter

Company	ROA	ROA change	Reported
Welspun Investments & Commercials Ltd WELINV⚠ unverified	0.4%	−0.1 pp	Mar 2026

Full 20-quarter history · every available company

ROA · reported quarter history

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20231.3%

Dec 2023—

Mar 20240.6%

Jun 2024—

Sep 20240.5%

Dec 2024—

Mar 20250.5%

Jun 2025—

Sep 20250.4%

Dec 2025—

Mar 20260.4%

ROA change · reported quarter history

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024−0.8 pp

Dec 2024—

Mar 2025−0.1 pp

Jun 2025—

Sep 2025−0.1 pp

Dec 2025—

Mar 2026−0.1 pp

10 · compare level, then change

ROE — Leaders & Improvers

Aryaman Capital Markets Ltd has the highest ROE among the 3 Finance - Investment/Others companies compared here, at 38.7%. SMT Engineering Ltd is next at 25.2%. Welspun Investments & Commercials Ltd has the highest ROE change at -0.1 percentage points, so level and change sit with different companies.

What the numbers say: Aryaman Capital Markets Ltd leads roe at 38.7%; Welspun Investments & Commercials Ltd leads roe change at -0.1 percentage points.

LeaderAryaman Capital Markets Ltd · 38.7%

Gap53.6% versus #2 · SMT Engineering Ltd

PersistenceNot enough history

Coverage3/3 companies · 19 observations

Investor read: Aryaman Capital Markets Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.

ROEhighest

1Aryaman Capital Markets Ltd ARYACAPM39%

2SMT Engineering Ltd 53856325%

3Welspun Investments & Commercials Ltd WELINV⚠ unverified0.4%

ROE changefastest improvers

1Welspun Investments & Commercials Ltd WELINV⚠ unverified−0.1 pp

Return on equity · company comparison

3/3 level · 1/3 change

All-company data · latest reported quarter

Company	ROE	ROE change	Reported
Welspun Investments & Commercials Ltd WELINV⚠ unverified	-0.1%	−0.1 pp	Mar 2026

Full 20-quarter history · every available company

ROE · reported quarter history

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 2021—

Sep 2021-0.1%

Dec 20217.9%

Mar 2022-1.1%

Jun 20220.2%

Sep 20220.1%

Dec 20226.3%

Mar 20230.0%

Jun 20234.8%

Sep 2023-0.1%

Dec 20234.0%

Mar 20240.1%

Jun 2024-0.1%

Sep 20240.0%

Dec 20242.5%

Mar 20250.0%

Jun 20250.0%

Sep 2025-0.1%

Dec 20251.9%

Mar 2026-0.1%

ROE change · reported quarter history

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.2 pp

Dec 2022−1.6 pp

Mar 2023+1.1 pp

Jun 2023+4.6 pp

Sep 2023−0.2 pp

Dec 2023−2.3 pp

Mar 2024+0.1 pp

Jun 2024−4.9 pp

Sep 2024+0.1 pp

Dec 2024−1.5 pp

Mar 2025−0.1 pp

Jun 2025+0.1 pp

Sep 2025−0.1 pp

Dec 2025−0.6 pp

Mar 2026−0.1 pp

11 · not available

Gross NPA — Leaders & Improvers

No company in this Finance - Investment/Others comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 3 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

12 · compare level, then change

Valuation Against Growth & Quality

Aryaman Capital Markets Ltd has the lowest P/BV ÷ ROE among the 3 Finance - Investment/Others companies compared here, at 0.14×. SMT Engineering Ltd is next at 0.25×. Welspun Investments & Commercials Ltd has the lowest P/BV at 1.02×, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Dec 2025.

What the numbers say: Aryaman Capital Markets Ltd has the lowest comparable P/BV ÷ ROE at 0.14×, 44% below SMT Engineering Ltd. Only 3 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAryaman Capital Markets Ltd · 0.14×

Gap44% versus #2 · SMT Engineering Ltd

Persistence0/8 recent comparable periods

Coverage3/3 companies · 9 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.

P/BV ÷ ROElowest return-adjusted price

1Aryaman Capital Markets Ltd ARYACAPM0.1

2SMT Engineering Ltd 5385630.3

3Welspun Investments & Commercials Ltd WELINV⚠ unverified2.4

P/BVlowest P/BV

1Welspun Investments & Commercials Ltd WELINV⚠ unverified1.0

2Aryaman Capital Markets Ltd ARYACAPM5.2

3SMT Engineering Ltd 5385636.3

Valuation · company comparison

3/3 level · 3/3 change

All-company data · latest reported quarter

Company	P/BV ÷ ROE	P/BV	Reported
Welspun Investments & Commercials Ltd WELINV⚠ unverified	0.4	0.6	Mar 2026
SMT Engineering Ltd 538563	—	9.4	Mar 2026
Aryaman Capital Markets Ltd ARYACAPM	—	5.8	Dec 2025

Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 2021—

Sep 2021—

Dec 20210.1

Mar 2022—

Jun 20223.5

Sep 20225.0

Dec 20220.1

Mar 2023—

Jun 20230.2

Sep 2023—

Dec 20230.2

Mar 20247.0

Jun 2024—

Sep 2024—

Dec 20240.2

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20250.4

Mar 2026—

P/BV · reported quarter history

Aryaman Capital Markets Ltd · ARYACAPM

Jun 2021—

Sep 2021—

Dec 2021—

Mar 20221.8

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20232.4

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20243.8

Jun 20245.6

Sep 20245.7

Dec 20244.7

Mar 20255.0

Jun 20259.7

Sep 20258.4

Dec 20255.8

Mar 2026—

SMT Engineering Ltd · 538563

Jun 2021—

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20240.2

Jun 20240.5

Sep 2024—

Dec 2024—

Mar 20250.6

Jun 20250.3

Sep 20251.4

Dec 20254.5

Mar 20269.4

Welspun Investments & Commercials Ltd · WELINV⚠ unverified

Jun 20212.9

Sep 20210.9

Dec 20210.7

Mar 20220.7

Jun 20220.7

Sep 20220.5

Dec 20220.5

Mar 20230.7

Jun 20230.9

Sep 20231.0

Dec 20230.6

Mar 20240.7

Jun 20241.5

Sep 20240.8

Dec 20240.5

Mar 20250.4

Jun 20250.9

Sep 20250.5

Dec 20250.7

Mar 20260.6

13 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Finance - Investment/Others comparison names 7 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
Thin comparisons: Funding base, Return on assets, Asset quality have fewer than three usable current readings.

14 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Finance - Investment/Others companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company

Market dataThrough 2026-07-31 · weekly price and relative-strength history

Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing0 cross-checked · 3 unverified · 0 withheld, of 3 graded companies.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

15 · questions investors ask, short speakable answers

Finance - Investment/Others company comparison FAQs

These 22 answers restate the Finance - Investment/Others comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Finance - Investment/Others sector outperforming NIFTY 500?

Which Finance - Investment/Others company is largest by income?

SMT Engineering Ltd leads with income of ₹162 crore, based on 3 of 3 comparable companies through Mar 2026.

Which Finance - Investment/Others company is growing fastest?

SMT Engineering Ltd has the fastest current income growth at 100%, across 2 of 3 comparable companies.

Which Finance - Investment/Others company has the strongest 4-Factor Sector Score?

SMT Engineering Ltd ranks first at 64.8/100 with 52.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Finance - Investment/Others company has the lowest comparable P/BV-to-ROE?

Aryaman Capital Markets Ltd has the lowest comparable P/BV ÷ ROE at 0.14, among 3 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Finance - Investment/Others comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Finance - Investment/Others index?

The Nifty Finance - Investment/Others index tracks India's listed Finance - Investment/Others companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Finance - Investment/Others sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Finance - Investment/Others stocks in India?

Ranked by this page's four-factor score, SMT Engineering Ltd places first among 3 listed Finance - Investment/Others companies, followed by Welspun Investments & Commercials Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Finance - Investment/Others stocks are listed in India?

This comparison covers 3 listed Finance - Investment/Others companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Finance - Investment/Others company is the biggest?

SMT Engineering Ltd is the largest, with trailing-twelve-month income of ₹162 crore, ahead of Aryaman Capital Markets Ltd at ₹77 crore. That covers 3 of 3 companies with comparable reporting through Mar 2026.

Which Finance - Investment/Others company makes the most profit?

Aryaman Capital Markets Ltd earns the most, at ₹29 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. SMT Engineering Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Finance - Investment/Others company earns the highest return on capital?

Welspun Investments & Commercials Ltd leads on return on assets at 0.4%, across 1 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Finance - Investment/Others stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Aryaman Capital Markets Ltd screens cheapest at 0.14×. Only 3 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Finance - Investment/Others sector beating the market?

Finance - Investment/Others has outperformed NIFTY 500 by 269.3% over the last 52 weeks and 7.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Finance - Investment/Others stock has the strongest price momentum?

SMT Engineering Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Finance - Investment/Others company scores highest for research priority?

SMT Engineering Ltd scores 64.8 out of 100 with 52.6% evidence confidence, from 26.5 points on growth and earnings, 14.9 on capital efficiency, 6.4 on valuation and 17 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Finance - Investment/Others companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Finance - Investment/Others sector?

The 3 Finance - Investment/Others companies on this page carry ₹1,955 crore of combined market value. SMT Engineering Ltd is the largest at ₹756 crore, about 39% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-02.

How is the Finance - Investment/Others sector performing?

3 of the 3 covered Finance - Investment/Others companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 269.3% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-02.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.