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Viji Finance Limited (VIJIFIN) · mywealthgrid

About

Viji Finance Limited is a small-cap NBFC (Non-Banking Financial Company) with a market capitalization of ₹218.37 Cr and quarterly revenues below ₹3 Cr. As a small player in India's NBFC sector, the company operates in lending or financial services segments; verify its specific focus and competitive positioning.

Face value: ₹1

Market cap

₹262 Cr

P/E

—

P/B

21.8×

Dividend yield

ROE

3.6%

ROCE

—

Debt / equity

0.76

OPM

51.9%

EPS (TTM)

₹0.0

Book value

₹0.7

52-week high

₹16.9

52-week low

₹2.0

Key insights

Company research notes and source-linked reviews

Key risks

Extreme earnings volatility: net profit swung from -₹0.33 Cr (Jun 2025) to +₹2.15 Cr (Mar 2026), with losses in 4 of the last 8 quarters; verify what drives these swings and whether they reflect cyclicality or operational instability.
Very low return on capital: ROE of 3.57% despite operating margins of 80%+ in profitable quarters suggests capital deployment challenges; verify how capital is being deployed and what constrains returns.
Deteriorating promoter stake: shareholding fell from 47.68% (Mar 2026) to 39.31% (Jun 2026) in one quarter; verify whether this reflects capital needs, portfolio rebalancing, or declining confidence in the business.
Regulatory and credit risk: as a small NBFC, verify asset quality, NPA rates, RBI compliance posture, and sensitivity to credit cycles.

Generated analysis · source review pending

Growth drivers

Margin stabilization: Q4 and Q3 FY26 delivered OPM of 90.21% and 82.39% respectively; if these margins persist while revenue scales from ₹0.89 Cr (Jun 2026) toward ₹2.35 Cr (Mar 2026) levels, profitability will grow proportionally.
Revenue scale recovery: quarterly revenue peaked at ₹2.35 Cr (Mar 2026) but fell to ₹0.89 Cr (Jun 2026); verify what drove the Q4 spike and whether it can be sustained through volume growth, pricing, or product expansion.
Leverage deployment: D/E ratio of 0.76 indicates headroom for borrowing; verify whether the company plans to deploy additional leverage to scale revenue from current ₹0.89–2.35 Cr quarterly run-rate.

Generated analysis · source review pending

₹15.2+421%1Y

Beta

0.23

Damps index moves

Volatility (1y)

51%

Annualised, daily returns

RSI (14)

40.8

Neither overbought nor oversold

Rel. strength (1y)

430.7%

Ahead of the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Healthy operating margin of 51.9%
+Profit CAGR of 49% over the last 3 years
+Revenue CAGR of 27.7% over the last 3 years
+Outperformed the universe by 430.7% over 1 year

Cons

−Low return on equity of 3.6% (3-yr avg)
−Trading at 21.8× book value
−Promoter holding fell 14.4 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

62/100

Business quality: 48
Growth: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
Tata Capital LimitedTATACAPTATACAP	₹1,35,540 Cr	₹3,71,517 Cr	₹32,695 Cr	₹24,219 Cr	73.2%	₹5,404 Cr	15.5%	—	13.3%	—
Cholamandalam Investment And Finance Company LimitedCHOLAFINCHOLAFIN	₹1,33,352 Cr	₹3,45,452 Cr	₹32,663 Cr	₹22,399 Cr	68.2%	₹5,751 Cr	16.8%	—	19.3%	—
Muthoot Finance LimitedMUTHOOTFINMUTHOOTFIN	₹1,08,289 Cr	₹2,60,075 Cr	₹33,431 Cr	₹27,558 Cr	81.4%	₹11,373 Cr	34%	—	30.9%	—
L&T Finance LimitedLTFLTF	₹66,238 Cr	₹1,76,126 Cr	₹18,928 Cr	₹11,603 Cr	61.1%	₹3,226 Cr	16.7%	—	11.2%	—
Sbi Cards And Payment Services LimitedSBICARDSBICARD	₹53,594 Cr	₹97,658 Cr	₹20,063 Cr	₹5,374 Cr	26.7%	₹2,275 Cr	10.9%	—	14.7%	—
Hdb Financial Services LimitedHDBFSHDBFS	₹51,335 Cr	₹1,38,733 Cr	₹16,300 Cr	₹9,318 Cr	57.2%	₹2,176 Cr	13.4%	—	14.7%	—
Sundaram Finance LimitedSUNDARMFINSUNDARMFIN	₹48,838 Cr	₹1,18,475 Cr	₹10,104 Cr	₹7,957 Cr	78.3%	₹2,220 Cr	21%	—	14.7%	—
Piramal Finance LimitedPIRAMALFINPIRAMALFIN	₹45,868 Cr	₹1,25,857 Cr	₹11,852 Cr	₹7,051 Cr	59.5%	₹1,504 Cr	12.7%	—	5.3%	—
Authum Investment & Infrastructure LimitedAIILAIIL	₹45,797 Cr	₹49,133 Cr	₹2,863 Cr	₹2,451 Cr	88.2%	₹3,582 Cr	74%	—	13.1%	—
Mahindra & Mahindra Financial Services LimitedM&MFINM&MFIN	₹44,445 Cr	₹1,72,816 Cr	₹21,733 Cr	₹13,785 Cr	62.5%	₹3,253 Cr	13.6%	—	11.9%	—
Poonawalla Fincorp LimitedPOONAWALLAPOONAWALLA	₹38,161 Cr	₹86,259 Cr	₹7,813 Cr	₹4,291 Cr	52.7%	₹787 Cr	8%	—	5.9%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	2	1	1	1	2
Interest	0	0	0	0	0
Expenses	0	1	0	1	1
Financing profit	2	0	1	1	1
Financing margin %	84%	24%	67.4%	42.6%	45.2%
Other income	0	0	0	0	0
Depreciation	0	0	0	0	0
Profit before tax	2	0	1	1	1
Tax	1	0	0	0	0
Tax %	26.8%	31.6%	25.4%	12%	28.3%
PAT	—	0	0	0	0
EPS (₹)	0.2	0	0.1	0.1	0.1
EPS adjusted (₹)	—	—	—	—	0.1
	5.9%	0%	0%	0%	0%
Annual report	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity capital	—	—	—	8
Reserves	—	—	—	4
	4	4	5	9
	—	—	—	1
Total equity & liabilities	—	—	—	23
	—	—	—	2
CWIP	—	—	—	0
Investments	0	0	0	0
	—	—	—	20
Total assets	—	—	—	23

₹ Cr	Mar 2021	Mar 2022	Mar 2023
	1	-1	-2
	-0	-1	-2
	-0	1	5
Net cash flow	0	-1	0
Free cash flow	1	-2	-4
CFO / Operating profit %	109.1%	-181%	-228.7%

Compounded sales growth

7 years: —
5 years: —
3 years: 28%
1 year: 71%

Compounded profit growth

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2020 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
FINANCE	0.99	0.22	—	4.97
REALTIES	0.01	0	—	0.46

SegmentFigure

FINANCE · revenue

₹ crore by fiscal year

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Margins
Gross margin %	—	—	—	—	—
EBITDA margin %	85.7%	27%	71.7%	47.5%	51.9%
EBIT margin %	84%	22%	66.3%	41%	35.1%
PAT margin %	—	13%	48.9%	36.1%	20.7%
Working capital
Receivable days	—	—	—	—	—
Inventory days	—	—	—	—	0
Payable days	—	—	—	—	—
NWC days	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—
Debt to EBITDA	—	15.93	5.38	8.07	8.52
Debt to equity	—	—	—	—	0.76
Interest coverage	48.5	7.3	15.8	9.2	5.3
Asset turnover	—	—	—	—	0.09
Return ratios
Return on assets %	—	—	—	—	1.9%
Return on capital employed %	—	—	—	—	—
Return on equity %	—	—	—	—	3.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.97%	39.83%	49.63%	47.94%	53.71%	53.71%	53.71%	53.71%	53.71%	53.02%	47.68%	39.31%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.25%	0.21%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	55.03%	60.17%	50.37%	52.06%	46.29%	46.29%	46.29%	46.29%	46.29%	46.98%	52.07%	60.48%
No. of shareholders	—	—	—	—	—	—	—	—	62,792	62,150	61,973	60,319

Promoter holding down 5.66 percentage points since Sep 2023.

41 deals · 5 May 2023 – 24 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Sept 2026	ANIL KUMAR JAIN	Bulk	NSE	Buy	11,96,145	₹16.06	₹1.92 Cr
24 Sept 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Sell	10,00,000	₹16.00	₹1.60 Cr
24 Sept 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Buy	1,17,127	₹15.62	₹0.18 Cr
18 Sept 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Buy	10,71,699	₹14.45	₹1.55 Cr
7 Aug 2026	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	10,37,516	₹11.31	₹1.17 Cr
7 Aug 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Sell	10,00,568	₹11.25	₹1.13 Cr
18 Feb 2026	VIJAY KOTHARI	Bulk	NSE	Sell	8,73,000	₹2.06	₹0.18 Cr
10 Feb 2026	VIJAY KOTHARI	Bulk	NSE	Sell	7,39,000	₹2.27	₹0.17 Cr
30 Dec 2025	VIJAY KOTHARI	Bulk	NSE	Sell	9,84,003	₹2.79	₹0.27 Cr
18 Jul 2025	PRASHANT EQUITY MANAGEMENT PRIVATE LIMITED	Bulk	NSE	Buy	7,59,139	₹3.81	₹0.29 Cr

1–10 of 41

1 / 5

Mr. VIJAY KOTHARIExecutive Director-Chairperson-MD
Siddhant SharmaChief Finance Officer
Mr. ASHISH VERMANon-Executive - Non Independent Director
Ms. SAKSHI CHOURASIYANon-Executive - Independent Director
Ms. PALAK MALVIYANon-Executive - Independent Director
Mr. Prakash MuksiyaNon - Executive Independent Director
Mr. PRAKASH MUKSIYANon-Executive - Independent Director
Mr. Aryaman KothariExecutive Director
Mrs. SEJAL RIDDHESH SHAHNon-Executive - Non Independent Director
Stuti SinhaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Viji Finance Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

5

Dividend dividend12 Sept 2018 · ex-date₹0.01
Dividend dividend13 Jul 2017 · ex-date₹0.01
Dividend dividend22 Sept 2016 · ex-date₹0.3
Dividend dividend10 Sept 2015 · ex-date₹0.3
Dividend dividend4 Sept 2014 · ex-date₹0.5

1

Board meeting to consider results14 Jul 2026

1

Face value ₹10 → ₹125 Oct 2016 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

64 announcementsExport CSV

28 Sept 2026, 6:52 pmCompany Update

Intimation Of Receipt Of Trading Approval From BSE Limited And NSE Limited For 2,95,00,000 Equity Shares Of Re. 1/- Each Issued At A Premium Of Rs. 1.80/- Bearing Distinctive Numbers From 191500001 To 221000000 Issued To Non-Promoters On Preferential Basis Pursuant To Conversion Of Warrants

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Date	Category	Subject	Filing
28 Sept 2026, 6:52 pm	Company Update General	Intimation Of Receipt Of Trading Approval From BSE Limited And NSE Limited For 2,95,00,000 Equity Shares Of Re. 1/- Each Issued At A Premium Of Rs. 1.80/- Bearing Distinctive Numbers From 191500001 To 221000000 Issued To Non-Promoters On Preferential Basis Pursuant To Conversion Of Warrants	PDF
12 Sept 2026, 1:42 pm	Company Update General	Intimation Of Receipt Of Listing Approval From BSE & NSE For Listing Of 2,95,00,000 Equity Shares Issued To Non-Promoters/Public Category On Preferential Basis Pursuant To Conversion Of Warrants.	PDF
4 Sept 2026, 7:08 pm	Company Update General	Intimation Regarding Opening Of Corporate Office At Mumbai.	PDF
2 Sept 2026, 7:01 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF
2 Sept 2026, 6:58 pm	Others Outcome without intimation	Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday, 02Nd September, 2026 Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.	PDF
31 Aug 2026, 5:47 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
26 Aug 2026, 6:40 pm	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF
26 Aug 2026, 6:35 pm	Others Outcome without intimation	Board Meeting Outcome for Outcome Of Preferential Allotment Committee Meeting Held On Wednesday, 26Th August, 2026 Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.	PDF

Viji Finance Limited

Viji Finance Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Segment results

FINANCE · revenue

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends5

Board meetings1

Stock splits1

Announcements

Dividends5

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Segment results

FINANCE · revenue

Stock price CAGR

Return on equity

5

1

1

5

1

1