# Finance - Investment/Others — company-by-company sector analysis > Finance - Investment/Others: SMT Engineering Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-02. Not investment advice. ## 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. ## Sector relative strength 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. 13-week sector return versus NIFTY 500: 7.4% 52-week sector return versus NIFTY 500: 269% Stocks leading NIFTY: 3/3 Stocks leading sector: 1/2 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 3 Combined market value: ₹2.0K Cr ## 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. 1. SMT Engineering Ltd (538563): 65/100 — Thin evidence · provisional; evidence 53% - Growth & earnings 26.5/35 | Capital efficiency 14.9/25 | Valuation 6.4/20 | Relative strength 17.0/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 3 of the last 12 weeks - 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. 2. Welspun Investments & Commercials Ltd (WELINV): 30/100 — Adverse evidence; evidence 75% - Growth & earnings 11.9/35 | Capital efficiency 4.0/25 | Valuation 3.0/20 | Relative strength 11.0/20 - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks - 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. 3. Aryaman Capital Markets Ltd (ARYACAPM): 57/100 — Thin evidence · provisional; evidence 32% - Growth & earnings 17.5/35 | Capital efficiency 16.8/25 | Valuation 10.3/20 | Relative strength 12.5/20 - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks, ending 2026-03-08 (no longer priced) - 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. ## 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. ### Strongest one-year price performers 1. SMT Engineering Ltd (538563): 1,525% 2. Welspun Investments & Commercials Ltd (WELINV): 76% 3. Aryaman Capital Markets Ltd (ARYACAPM): 31% ### Strongest relative strength versus NIFTY 500 1. SMT Engineering Ltd (538563): 51% 2. Welspun Investments & Commercials Ltd (WELINV): 36% 3. Aryaman Capital Markets Ltd (ARYACAPM): 6.5% ## Income Scale & Growth Durability 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. 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. Evidence: SMT Engineering Ltd · ₹162 crore | 109.6% versus #2 · Aryaman Capital Markets Ltd | 2/2 recent comparable periods | 3/3 companies · 36 observations Definition: For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year. ### Income — largest 1. SMT Engineering Ltd (538563): ₹162 Cr 2. Aryaman Capital Markets Ltd (ARYACAPM): ₹77 Cr 3. Welspun Investments & Commercials Ltd (WELINV): ₹5 Cr ### Income growth — fastest growers 1. SMT Engineering Ltd (538563): 100% 2. Welspun Investments & Commercials Ltd (WELINV): -0.8% ### 20-quarter Income history - 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 - WELINV: 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 - 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 — ### 20-quarter Income growth history - 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 2025 567% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 270% - WELINV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 56% | Mar 2024 -97% | Jun 2024 450% | Sep 2024 26% | Dec 2024 36% | Mar 2025 -40% | Jun 2025 -64% | Sep 2025 0.4% | Dec 2025 -32% | Mar 2026 117% - 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 2025 631% | Sep 2025 -50% | Dec 2025 -35% | Mar 2026 — ## Profit Scale & Acceleration 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. 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. Evidence: Aryaman Capital Markets Ltd · ₹29 crore | 30.9% versus #2 · SMT Engineering Ltd | 2/3 recent comparable periods | 3/3 companies · 36 observations Definition: 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 profit — largest 1. Aryaman Capital Markets Ltd (ARYACAPM): ₹29 Cr 2. SMT Engineering Ltd (538563): ₹22 Cr 3. Welspun Investments & Commercials Ltd (WELINV): ₹3 Cr ### Profit growth — fastest growers 1. SMT Engineering Ltd (538563): 100% ### 20-quarter Net profit history - 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 - WELINV: 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 - 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 — ### 20-quarter Profit growth history - 538563: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 3,233% | Dec 2023 -100% | Mar 2024 — | Jun 2024 -100% | Sep 2024 -100% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 500% - WELINV: 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 2024 26% | Dec 2024 40% | Mar 2025 — | Jun 2025 -1,100% | Sep 2025 -3.3% | Dec 2025 -286% | Mar 2026 — - 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 2025 3,985% | Sep 2025 19% | Dec 2025 -50% | Mar 2026 — ## Funding Base & Its Composition What the numbers say: There is not enough comparable evidence to name a reliable deposits leader. 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. Evidence: No comparable leader | Not enough peers | Not enough history | 0/3 companies · 0 observations Definition: 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. ### Deposits — largest deposit bases ### Borrowings — largest borrowings 1. SMT Engineering Ltd (538563): ₹82 Cr 2. Aryaman Capital Markets Ltd (ARYACAPM): ₹0 Cr 3. Welspun Investments & Commercials Ltd (WELINV): ₹0 Cr ### 20-quarter Deposits history ### 20-quarter Borrowings history - 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 - WELINV: 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 - 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 — ## Return On Assets What the numbers say: Welspun Investments & Commercials Ltd leads both roa at 0.4% and roa change at -0.1 percentage points. 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. Evidence: Welspun Investments & Commercials Ltd · 0.4% | Not enough peers | 0/4 recent comparable periods | 1/3 companies · 6 observations Definition: ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset. ### ROA — highest 1. Welspun Investments & Commercials Ltd (WELINV): 0.4% ### ROA change — fastest improvers 1. Welspun Investments & Commercials Ltd (WELINV): −0.1 pp ### 20-quarter ROA history - WELINV: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 1.3% | Dec 2023 — | Mar 2024 0.6% | Jun 2024 — | Sep 2024 0.5% | Dec 2024 — | Mar 2025 0.5% | Jun 2025 — | Sep 2025 0.4% | Dec 2025 — | Mar 2026 0.4% ### 20-quarter ROA change history - WELINV: 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 ## ROE — Leaders & Improvers 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. 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. Evidence: Aryaman Capital Markets Ltd · 38.7% | 53.6% versus #2 · SMT Engineering Ltd | Not enough history | 3/3 companies · 19 observations Definition: ROE shows the return to shareholders, but should be read with asset quality and leverage. ### ROE — highest 1. Aryaman Capital Markets Ltd (ARYACAPM): 39% 2. SMT Engineering Ltd (538563): 25% 3. Welspun Investments & Commercials Ltd (WELINV): 0.4% ### ROE change — fastest improvers 1. Welspun Investments & Commercials Ltd (WELINV): −0.1 pp ### 20-quarter ROE history - WELINV: Jun 2021 — | Sep 2021 -0.1% | Dec 2021 7.9% | Mar 2022 -1.1% | Jun 2022 0.2% | Sep 2022 0.1% | Dec 2022 6.3% | Mar 2023 0.0% | Jun 2023 4.8% | Sep 2023 -0.1% | Dec 2023 4.0% | Mar 2024 0.1% | Jun 2024 -0.1% | Sep 2024 0.0% | Dec 2024 2.5% | Mar 2025 0.0% | Jun 2025 0.0% | Sep 2025 -0.1% | Dec 2025 1.9% | Mar 2026 -0.1% ### 20-quarter ROE change history - WELINV: 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 ## Gross NPA — Leaders & Improvers What the numbers say: There is not enough comparable evidence to name a reliable gross npa leader. 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 gnpa change signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/3 companies · 0 observations Definition: Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted. ### Gross NPA — lowest ### GNPA change — fastest improvers ### 20-quarter Gross NPA history ### 20-quarter GNPA change history ## Valuation Against Growth & Quality 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. 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. Evidence: Aryaman Capital Markets Ltd · 0.14× | 44% versus #2 · SMT Engineering Ltd | 0/8 recent comparable periods | 3/3 companies · 9 observations Definition: 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 ÷ ROE — lowest return-adjusted price 1. Aryaman Capital Markets Ltd (ARYACAPM): 0.1 2. SMT Engineering Ltd (538563): 0.3 3. Welspun Investments & Commercials Ltd (WELINV): 2.4 ### P/BV — lowest P/BV 1. Welspun Investments & Commercials Ltd (WELINV): 1.0 2. Aryaman Capital Markets Ltd (ARYACAPM): 5.2 3. SMT Engineering Ltd (538563): 6.3 ### 20-quarter P/BV ÷ ROE history - WELINV: Jun 2021 — | Sep 2021 — | Dec 2021 0.1 | Mar 2022 — | Jun 2022 3.5 | Sep 2022 5.0 | Dec 2022 0.1 | Mar 2023 — | Jun 2023 0.2 | Sep 2023 — | Dec 2023 0.2 | Mar 2024 7.0 | Jun 2024 — | Sep 2024 — | Dec 2024 0.2 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 0.4 | Mar 2026 — ### 20-quarter P/BV history - 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 0.2 | Jun 2024 0.5 | Sep 2024 — | Dec 2024 — | Mar 2025 0.6 | Jun 2025 0.3 | Sep 2025 1.4 | Dec 2025 4.5 | Mar 2026 9.4 - WELINV: Jun 2021 2.9 | Sep 2021 0.9 | Dec 2021 0.7 | Mar 2022 0.7 | Jun 2022 0.7 | Sep 2022 0.5 | Dec 2022 0.5 | Mar 2023 0.7 | Jun 2023 0.9 | Sep 2023 1.0 | Dec 2023 0.6 | Mar 2024 0.7 | Jun 2024 1.5 | Sep 2024 0.8 | Dec 2024 0.5 | Mar 2025 0.4 | Jun 2025 0.9 | Sep 2025 0.5 | Dec 2025 0.7 | Mar 2026 0.6 - ARYACAPM: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 1.8 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 2.4 | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 3.8 | Jun 2024 5.6 | Sep 2024 5.7 | Dec 2024 4.7 | Mar 2025 5.0 | Jun 2025 9.7 | Sep 2025 8.4 | Dec 2025 5.8 | Mar 2026 — ## What can make this comparison misleading? - 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. ## Every company - SMT Engineering Ltd (538563) — market value ₹756 Cr; latest fundamentals Mar 2026 - Welspun Investments & Commercials Ltd (WELINV) — market value ₹686 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Aryaman Capital Markets Ltd (ARYACAPM) — market value ₹513 Cr; latest fundamentals Dec 2025 ## Source standing of each company Cross-checked: 0. Unverified: 3. Withheld: 0. Graded companies: 3. 1 of 3 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. - UNVERIFIED | WELINV | Welspun Investments & Commercials Ltd | too little overlapping reported history to cross-check the second feed ## Methodology and freshness Fundamentals through Mar 2026; prices through 2026-07-31. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Finance - Investment/Others sector outperforming NIFTY 500? 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. ### 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.