Viji Finance Ltd.

•

vijifinance.comBSE: 537820NSE: VIJIFIN

Market Cap₹ 363 Cr.

Current Price

High / Low₹ 17 / 2

Stock P/E2631.4

Book Value—

Price to Book2.17

Dividend Yield0.00 %

ROCE1.5 %

ROE1.1 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2020 • Finance: 99.0% • Realities: 1.0%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Solid return on assets for a lender - ROA of 5.8%
Company has consistently been profitable over the last 5 years

CONS

Promoter holding has decreased over last 2 years: -11.7pp
Company has a low return on capital employed of 3.1%
Company has a low return on equity of 2.9% over last 3 years
Company's sales have been declining over the last five years
Operating margins have contracted to 44.5% from 74.0%
Free cash flow has been persistently negative

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BAJFINANCE	1034.20	31.71	643888.19	0.58	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1028.00	21.37	241893.03	1.05	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	CHOLAFIN	1845.00	27.40	157575.18	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
4.	TATACAP	362.80	28.50	154003.85	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
5.	JIOFIN	230.00	73.49	151872.26	0.26	8302.50	2457.29	20044.70	3172.82	2.11	69.71
6.	BAJAJHLDNG	11120.70	13.97	123766.17	1.75	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2794.40	9.86	112186.35	1.07	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	398.60	26.59	109118.68	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	309.50	24.37	77571.61	0.89	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	656.05	27.44	62432.55	0.38	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	668.65	25.53	55549.10	0.60	785.20	38.31	4937.90	18.71	9.09	57.98
12.	VIJIFIN	15.72	2631.39	363.13	0.00	0.03	196.30	0.51	48.26	10.23	37.25

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	0	1	1	0	0	0	0	1
	0	0	0	0	0	0	0	0
Operating Profit	0	0	1	0	-0	0	0	0
OPM %	23.84%	80.66%	80.89%	40.12%	-8.70%	48.89%	50.00%	37.25%
Other Income	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0
	0	0	0	-0	-0	0	0	0
Tax %	27.50%	26.93%	26.77%	16.13%	23.53%	20.00%	28.57%	25.00%
Net Profit	0	0	0	-0	-0	0	0	0
	0	0	0	0	-0	0	0	0

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	1	2	2	2	1	1	1	2	1	2
	1	1	0	1	1	0	1	1	1	1
Operating Profit	1	1	2	1	0	1	1	1	1	1
OPM %	48.64%	61.48%	86.00%	43.84%	26.90%	71.38%	47.88%	54.76%	44.49%	30.43%
	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit before Tax	1	1	2	1	0	1	0	1	0	0
Tax %	39.92%	33.74%	26.69%	50.84%	30.82%	24.62%	11.12%	27.85%	24.96%	25.00%
Net Profit	0	1	1	0	0	0	0	0	0	0
EPS	0.00	0.00	0.00	0.00	0.00	0.05	0.05	0.05	0.02	—
Dividend Payout %	65.36%	12.10%	5.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -5%
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -16%
3 Years:: -32%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: 67%
3 Years:: 121%
1 Year:: 394%

RETURN ON EQUITY

10 Years:: —
5 Years:: 3%
3 Years:: 3%
Last Year:: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	8	8	8	8	8	8	8	8	8
	1	1	2	2	2	3	3	4	4
	1	3	3	4	4	4	5	9	12
	1	1	1	1	1	1	1	1	1
Total Liabilities	10	12	14	15	16	16	17	23	25
	0	0	0	0	0	0	1	2	2
Cash & Bank	0	1	1	0	0	1	0	0	0
	9	11	13	14	15	15	17	20	23
Total Assets	10	12	14	15	16	16	17	23	25

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0	-1	-0	-0	-0	1	-1	-2	-3
Cash from Investing	-0	0	-0	-0	0	-0	-1	-2	-0
Cash from Financing	0	1	0	1	0	-0	1	5	3
	0	0	-0	-0	0	0	-1	0	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.02	53.71	53.71	53.71	53.71	53.71	53.02	47.68	39.31
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	48.98	46.29	46.29	46.29	46.29	46.29	46.98	52.07	60.49

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-12

General Updates

2026-09-12 - Viji Finance Limited has informed the Exchange about General Updates

2026-09-04

General Updates

2026-09-04 - Viji Finance Limited has informed the Exchange about General Updates

2026-09-02

Outcome of Board Meeting

2026-09-02 - Viji Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on September 02, 2026.

2026-09-02

Change in Auditors

2026-09-02 - Viji Finance Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-26

Allotment of Securities

2026-08-26 - Viji Finance Limited has informed the Exchange regarding allotment of 10000000 securities pursuant to Preferential Issue at its meeting held on August 26, 2026

2026-08-26

Committee Meeting Updates

2026-08-26 - Viji Finance Limited has informed the Exchange regarding Outcome of Committee Meeting held on August 26, 2026.

2026-08-24

Change in Auditors

2026-08-24 - Viji Finance Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-20

General Updates

2026-08-20 - Viji Finance Limited has informed the Exchange about General Updates

2026-08-14

General Updates

2026-08-14 - Viji Finance Limited has informed the Exchange about General Updates