Viji Finance Ltd.

•

vijifinance.comBSE: 537820NSE: VIJIFIN

Market Cap₹ 386 Cr.

Current Price

High / Low₹ 17 / 2

Stock P/E93.4

Book Value₹ 2

Price to Book1.71

Dividend Yield0.00 %

ROCE10.2 %

ROE8.8 %

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%
Operating margins have improved to 68.2% from 55.3%
Stock looks reasonably valued - P/E of 93.4 is below its historical median

CONS

Promoter holding has decreased over last 2 years: -11.7pp
Company has a low return on capital employed of 4.9%
Company has a low return on equity of 3.6% over last 3 years
Though reporting repeated profits, the company pays out little dividend (0.0%)

* 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	1060.50	32.52	660262.45	0.57	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1041.00	21.64	244945.59	1.04	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	TATACAP	375.00	29.46	159182.59	0.15	16281.80	1464.16	88219.30	1051.00	8.66	75.72
4.	JIOFIN	239.85	76.64	158376.35	0.25	8302.50	2457.29	20044.70	3172.82	2.11	69.71
5.	CHOLAFIN	1839.00	27.31	157062.74	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
6.	BAJAJHLDNG	11148.75	14.01	124078.35	1.75	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2920.00	10.31	117228.79	1.03	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	404.80	27.00	110814.49	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	314.00	24.73	78699.47	0.88	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	657.90	27.52	62608.60	0.38	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	682.25	26.05	56678.94	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	VIJIFIN	16.70	2795.43	385.77	0.00	0.03	196.30	0.51	48.26	10.23	37.25

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0	0	1	1	1	1	1	1	1	1	2	2	1
	0	0	0	0	0	1	1	0	1	1	0	0	1
Operating Profit	0	0	0	0	0	-0	0	1	-0	0	1	2	1
OPM %	48.89%	50.00%	37.25%	27.27%	22.22%	-13.11%	0.00%	88.14%	-29.82%	12.07%	88.68%	90.21%	67.79%
Other Income	0	0	0	0	0	0	0	0	0	0	-0	0	1
Interest	0	0	0	0	0	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	0	-0	-0	-0	1	-0	-0	1	2	2
Tax %	20.00%	28.57%	25.00%	—	28.57%	14.29%	-0.00%	6.85%	-0.00%	-0.00%	15.18%	-9.69%	25.64%
Net Profit	0	0	0	0	-0	-0	-0	1	-0	-0	1	2	1
	0	0	0	0	-0	-0	-0	0	-0	-0	0	0	0

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2	2	2	1	1	1	2	2	2	5	5
	1	0	1	1	0	1	1	1	2	2	1
Operating Profit	1	2	1	0	1	1	1	1	1	3	4
OPM %	66.03%	86.10%	43.90%	28.16%	71.49%	47.96%	55.08%	39.98%	21.83%	68.16%	72.73%
	0	0	0	0	0	0	0	0	1	0	1
Interest	0	0	0	0	0	0	0	0	1	1	1
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	1	2	1	0	1	0	1	0	0	3	5
Tax %	35.73%	25.47%	49.92%	27.09%	25.66%	11.09%	27.51%	40.05%	22.11%	25.24%	8.25%
Net Profit	1	1	0	0	0	0	0	0	0	2	4
EPS	0.00	0.00	0.00	0.00	0.05	0.05	0.05	0.01	0.01	0.14	—
Dividend Payout %	12.37%	5.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 41%
3 Years:: 35%

COMPOUNDED PROFIT GROWTH

10 Years:: 19%
5 Years:: 35%
3 Years:: 65%

STOCK PRICE CAGR

10 Years:: 9%
5 Years:: 72%
3 Years:: 120%
1 Year:: 381%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 4%
3 Years:: 4%
Last Year:: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	8	8	8	8	8	8	14	14
	1	2	2	3	3	3	4	4	7	9
	3	3	3	4	4	5	9	13	13	7
	1	1	1	1	1	1	1	1	1	3
Total Liabilities	12	14	15	16	16	18	23	27	35	34
	0	0	0	0	0	1	2	2	2	1
	0	0	0	0	0	0	0	0	0	2
Cash & Bank	1	0	0	0	1	0	0	0	5	0
	11	13	14	15	15	17	20	24	28	30
Total Assets	12	14	15	16	16	18	23	27	35	34

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	-0	-0	-0	1	-1	-2	-4	-3	2
Cash from Investing	-0	-0	-0	0	-0	-1	-2	0	-0	-2
Cash from Financing	1	0	1	0	-0	1	4	4	8	-5
	0	-0	-0	0	0	-0	0	0	5	-5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	0.08	0.17	0.04	0.02	0.05	0.05	0.05	0.01	0.01	0.14
Book Value (₹)	1.20	1.26	1.29	1.31	1.36	1.41	1.47	1.48	1.50	1.64
Dividend per Share (₹)	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	0.06	0.13	0.03	0.02	0.04	0.05	0.07	0.04	0.04	0.16
PROFITABILITY
Operating Margin %	66.09%	86.11%	43.94%	28.16%	74.10%	52.11%	55.34%	39.98%	21.83%	68.16%
Net Margin %	37.74%	61.53%	19.21%	14.35%	48.01%	36.20%	21.12%	6.24%	7.26%	38.86%
ROE %	6.96%	14.68%	3.21%	1.33%	4.02%	3.86%	3.71%	0.99%	1.00%	8.82%
ROCE %	9.63%	15.78%	5.29%	1.58%	4.30%	3.58%	4.26%	1.77%	2.61%	10.23%
	5.49%	10.96%	2.34%	0.92%	2.80%	2.65%	2.19%	0.49%	0.55%	5.75%
EFFICIENCY
Debtor Days	0	0	55	55	12	0	0	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	0	0	55	55	12	0	0	0	0	0
FINANCIAL HEALTH
Debt to Equity (x)	0.29x	0.26x	0.33x	0.36x	0.32x	0.40x	0.76x	1.09x	0.59x	0.31x
Interest Coverage (x)	14.38x	50.69x	14.88x	7.00x	16.36x	9.16x	4.12x	1.93x	1.39x	4.98x
	0.27x	0.14x	0.18x	0.06x	0.15x	0.05x	0.04x	0.02x	0.45x	0.05x
GROWTH
Revenue Growth %	20.76%	43.83%	-23.97%	-43.70%	-6.94%	32.58%	70.80%	-7.64%	20.78%	118.56%
Operating Profit Growth %	54.50%	87.39%	-61.20%	-63.91%	144.84%	-6.76%	81.40%	-33.06%	45.93%	222.30%
Net Profit Growth %	76.11%	134.51%	-76.26%	-57.93%	211.24%	-0.02%	-0.34%	-72.70%	40.35%	1070.48%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-72.66%	-19.18%	1074.58%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	161.16x	177.97x	20.27x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.16x	1.40x	1.71x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	51.18x	32.86x	12.90x

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

2026-09-04

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

2026-08-13

Change in Management

2026-08-13 - Viji Finance Limited has informed the Exchange about change in Management

News

Recent coverage and analyst commentary for VIJIFIN

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Viji Finance Ltd.

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Free 5nance Account

Name

BAJFINANCE

1060.50

32.52

660262.45

0.57

6080.60

27.60

23165.45

20.37

10.87

70.70

SHRIRAMFIN

1041.00

21.64

244945.59

1.04

3452.77

59.90

13400.43

17.46

11.49

74.63

TATACAP

375.00

29.46

159182.59

0.15

16281.80

1464.16

88219.30

1051.00

8.66

75.72

JIOFIN

239.85

76.64

158376.35

0.25

8302.50

2457.29

20044.70

3172.82

2.11

69.71

CHOLAFIN

1839.00

27.31

157062.74

0.11

1656.22

45.56

8856.29

21.89

9.70

70.07

BAJAJHLDNG

11148.75

14.01

124078.35

1.75

2708.08

-92.27

394.33

23.34

14.81

684.72

MUTHOOTFIN

2920.00

10.31

117228.79

1.03

2824.84

43.08

8671.60

36.25

15.87

83.76

ABCAPITAL

404.80

27.00

110814.49

0.00

1223.85

43.85

12179.54

137.84

8.82

41.91

LTF

314.00

24.73

78699.47

0.88

915.99

30.70

5212.92

22.38

8.54

62.13

SBICARD

657.90

27.52

62608.60

0.38

664.44

19.51

5040.55

7.60

11.75

29.83

HDBFS

682.25

26.05

56678.94

0.59

785.20

38.31

4937.90

18.71

9.09

57.98

VIJIFIN

16.70

2795.43

385.77

0.00

0.03

196.30

0.51

48.26

10.23

37.25

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-0

OPM %

48.89%

50.00%

37.25%

27.27%

22.22%

-13.11%

0.00%

88.14%

-29.82%

12.07%

88.68%

90.21%

67.79%

Other Income

-0

Interest

Depreciation

-0

Tax %

20.00%

28.57%

25.00%

—

28.57%

14.29%

-0.00%

6.85%

-0.00%

15.18%

-9.69%

25.64%

Net Profit

-0

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

Operating Profit

OPM %

66.03%

86.10%

43.90%

28.16%

71.49%

47.96%

55.08%

39.98%

21.83%

68.16%

72.73%

Interest

Depreciation

Profit before Tax

Tax %

35.73%

25.47%

49.92%

27.09%

25.66%

11.09%

27.51%

40.05%

22.11%

25.24%

8.25%

Net Profit

EPS

0.00

0.05

0.01

0.14

—

Dividend Payout %

12.37%

5.80%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Total Liabilities

Cash & Bank

Total Assets

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-1

-0

-1

-2

-4

-3

Cash from Investing

-0

-1

-2

-0

-2

Cash from Financing

-0

-5

-0

-5

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

0.08

0.17

0.04

0.02

0.05

0.01

0.14

Book Value (₹)

1.20

1.26

1.29

1.31

1.36

1.41

1.47

1.48

1.50

1.64

Dividend per Share (₹)

0.01

0.00

Cash EPS (₹)

0.06

0.13

0.03

0.02

0.04

0.05

0.07

0.04

0.16

PROFITABILITY

Operating Margin %

66.09%

86.11%

43.94%

28.16%

74.10%

52.11%

55.34%

39.98%

21.83%

68.16%

Net Margin %

37.74%

61.53%

19.21%

14.35%

48.01%

36.20%

21.12%

6.24%

7.26%

38.86%

ROE %

6.96%

14.68%

3.21%

1.33%

4.02%

3.86%

3.71%

0.99%

1.00%

8.82%

ROCE %

9.63%

15.78%

5.29%

1.58%

4.30%

3.58%

4.26%

1.77%

2.61%

10.23%

5.49%

10.96%

2.34%

0.92%

2.80%

2.65%

2.19%

0.49%

0.55%

5.75%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

FINANCIAL HEALTH

Debt to Equity (x)

0.29x

0.26x

0.33x

0.36x

0.32x

0.40x

0.76x

1.09x

0.59x

0.31x

Interest Coverage (x)

14.38x

50.69x

14.88x

7.00x

16.36x

9.16x

4.12x

1.93x

1.39x

4.98x

0.27x

0.14x

0.18x

0.06x

0.15x

0.05x

0.04x

0.02x

0.45x

0.05x

GROWTH

Revenue Growth %

20.76%

43.83%

-23.97%

-43.70%

-6.94%

32.58%

70.80%

-7.64%

20.78%

118.56%

Operating Profit Growth %

54.50%

87.39%

-61.20%

-63.91%

144.84%

-6.76%

81.40%

-33.06%

45.93%

222.30%

Net Profit Growth %

76.11%

134.51%

-76.26%

-57.93%

211.24%

-0.02%

-0.34%

-72.70%

40.35%

1070.48%

0.00%

-72.66%

-19.18%

1074.58%

VALUATION

P/E (x)

0.00x

161.16x

177.97x

20.27x

P/B (x)

0.00x

2.16x

1.40x

1.71x

Dividend Yield %

0.00%

0.00x

51.18x

32.86x

12.90x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

51.02

53.71

53.02

47.68

39.31

FIIs

0.00

DIIs

0.00

Government

0.00

48.98

46.29

46.98

52.07

60.49

Viji Finance Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Viji Finance Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI