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Last Updated: April 2, 2026, 4:19 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 530789 | NSE: CEEJAY

Ceejay Finance Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹142.20Overvalued by 16.84%vs CMP ₹171.00

P/E (8.2) × ROE (9.3%) × BV (₹231.00) × DY (0.70%)

₹200.34Undervalued by 17.16%vs CMP ₹171.00
MoS: +14.6% (Thin)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹153.1321%Over (-10.5%)
Graham NumberEarnings₹329.3515%Under (+92.6%)
Earnings PowerEarnings₹163.4713%Fair (-4.4%)
DCFCash Flow₹315.8313%Under (+84.7%)
Net Asset ValueAssets₹230.997%Under (+35.1%)
EV/EBITDAEnterprise₹9.518%Over (-94.4%)
Dividend DiscountDividends₹24.988%Over (-85.4%)
Earnings YieldEarnings₹208.707%Under (+22%)
ROCE CapitalReturns₹303.188%Under (+77.3%)
Consensus (9 models)₹200.34100%Undervalued
Key Drivers: Wide model spread (₹10–₹329) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.7%

*Investments are subject to market risks

Investment Snapshot

57
Ceejay Finance Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 11.7% AverageROE 9.3% AverageD/E 0.35 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 59.0% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum58/100 · Moderate
Profit (4Q): +2% YoY Positive
Industry Rank65/100 · Strong
P/E 8.2 vs industry 101.6 Cheaper than peersROCE 11.7% vs industry 15.8% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:19 am

Market Cap 59.0 Cr.
Current Price 171
Intrinsic Value₹200.34
High / Low 215/154
Stock P/E8.19
Book Value 231
Dividend Yield0.70 %
ROCE11.7 %
ROE9.33 %
Face Value 10.0
PEG Ratio1.07

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ceejay Finance Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ceejay Finance Ltd 59.0 Cr. 171 215/1548.19 2310.70 %11.7 %9.33 % 10.0
Money Masters Leasing & Finance Ltd 5.72 Cr. 0.57 2.05/0.558.54 1.570.00 %4.42 %3.94 % 1.00
Bengal & Assam Company Ltd 6,524 Cr. 5,721 9,200/5,3127.67 8,9540.87 %4.22 %7.64 % 10.0
Balmer Lawrie Investment Ltd 1,505 Cr. 67.8 95.8/62.38.73 61.26.34 %17.2 %13.2 % 1.00
Nalin Lease Finance Ltd 26.2 Cr. 40.0 82.9/35.38.74 56.00.00 %13.4 %10.6 % 10.0
Industry Average22,241.21 Cr369.74101.56513.160.26%15.81%8.84%8.50

All Competitor Stocks of Ceejay Finance Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue4.835.384.774.945.035.985.376.297.157.496.406.666.69
Interest 0.800.960.790.770.940.920.820.841.151.110.900.901.06
Expenses 2.011.921.531.952.322.512.002.394.234.163.092.723.34
Financing Profit2.022.502.452.221.772.552.553.061.772.222.413.042.29
Financing Margin %41.82%46.47%51.36%44.94%35.19%42.64%47.49%48.65%24.76%29.64%37.66%45.65%34.23%
Other Income 0.040.000.020.020.140.020.020.020.040.030.060.000.02
Depreciation 0.050.050.050.060.090.100.100.110.110.090.110.110.11
Profit before tax 2.012.452.422.181.822.472.472.971.702.162.362.932.20
Tax % 18.91%22.86%23.55%30.28%25.82%24.70%27.53%23.57%32.94%26.39%26.27%25.60%23.64%
Net Profit 1.621.901.851.521.341.861.792.271.141.591.752.181.68
EPS in Rs 4.705.515.364.413.885.395.196.583.304.615.076.324.87
Gross NPA %
Net NPA %

Last Updated: March 3, 2026, 11:30 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 2:15 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue11.1211.5812.2814.2816.4014.8117.3516.0317.9519.8220.7126.2927.24
Interest 2.222.252.082.422.922.272.412.222.413.333.413.903.97
Expenses 3.313.684.424.715.595.748.437.678.417.498.3312.7713.31
Financing Profit5.595.655.787.157.896.806.516.147.139.008.979.629.96
Financing Margin %50.27%48.79%47.07%50.07%48.11%45.91%37.52%38.30%39.72%45.41%43.31%36.59%36.56%
Other Income 0.010.010.000.000.030.010.000.050.000.040.210.100.11
Depreciation 0.100.150.140.160.140.140.140.150.180.200.300.410.42
Profit before tax 5.505.515.646.997.786.676.376.046.958.848.889.319.65
Tax % 32.36%32.30%33.33%33.05%28.53%27.59%24.49%25.83%28.35%22.62%26.01%26.85%
Net Profit 3.733.733.754.675.564.824.824.474.976.846.576.807.20
EPS in Rs 10.8110.8110.8713.5416.1213.9713.9712.9614.4119.8319.0419.7120.87
Dividend Payout % 12.95%12.95%13.80%11.08%15.51%10.74%7.16%7.72%6.94%6.05%6.30%6.09%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%0.54%24.53%19.06%-13.31%0.00%-7.26%11.19%37.63%-3.95%3.50%
Change in YoY Net Profit Growth (%)0.00%0.54%24.00%-5.48%-32.37%13.31%-7.26%18.45%26.44%-41.57%7.45%

Ceejay Finance Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:9%
3 Years:14%
TTM:28%
Compounded Profit Growth
10 Years:6%
5 Years:7%
3 Years:11%
TTM:4%
Stock Price CAGR
10 Years:17%
5 Years:18%
3 Years:23%
1 Year:-22%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:10%
Last Year:9%

Last Updated: September 5, 2025, 2:51 pm

Balance Sheet

Last Updated: February 1, 2026, 2:31 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3.453.453.453.453.453.453.453.453.453.453.453.453.45
Reserves 20.1023.2226.3331.0135.9540.1444.3948.6553.3459.8666.0772.3876.25
Borrowing18.9021.0417.8526.7028.5227.0229.7118.4324.0828.3733.0846.7644.18
Other Liabilities 2.172.172.812.182.481.931.901.192.092.862.953.122.08
Total Liabilities 44.6249.8850.4463.3470.4072.5479.4571.7282.9694.54105.55125.71125.96
Fixed Assets 0.920.930.850.910.821.121.211.191.151.396.616.646.46
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.380.380.380.380.380.620.410.500.540.470.000.000.00
Other Assets 43.3248.5749.2162.0569.2070.8077.8370.0381.2792.6898.94119.07119.50
Total Assets 44.6249.8850.4463.3470.4072.5479.4571.7282.9694.54105.55125.71125.96

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1.00-0.943.54-7.931.514.17-0.7914.31-4.98-4.140.20-13.16
Cash from Investing Activity + 0.12-0.22-0.08-0.19-0.04-0.43-0.08-0.16-0.08-0.32-4.80-0.40
Cash from Financing Activity + -2.031.56-3.728.251.21-4.83-0.34-13.865.303.954.2913.26
Net Cash Flow -0.910.41-0.250.132.69-1.10-1.220.290.24-0.51-0.31-0.30
Free Cash Flow 0.88-1.183.49-8.121.503.73-1.0214.18-5.04-4.55-5.11-13.55
CFO/OP 39%12%69%-62%37%68%11%189%-34%-16%19%-76%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-15.59-17.36-13.43-21.99-22.93-21.28-21.28-10.76-15.67-20.88-24.75-33.99

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 131.62134.59120.68134.96131.980.000.000.000.000.000.000.00
Inventory Days
Days Payable
Cash Conversion Cycle 131.62134.59120.68134.96131.980.000.000.000.000.000.000.00
Working Capital Days 391.59417.95405.72297.01316.70-400.49-327.553.87-15.66-23.20-2.645.28
ROCE %18.56%17.24%16.19%17.30%16.58%12.91%11.85%11.16%12.36%14.06%12.46%11.71%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.14%59.15%59.16%59.03%59.03%59.03%59.03%59.03%59.03%59.03%59.03%59.03%
Public 40.86%40.85%40.84%40.97%40.98%40.97%40.97%40.96%40.97%40.97%40.97%40.97%
No. of Shareholders 2,8302,8302,8322,9042,7502,7072,7842,6372,6742,6542,6632,534

Shareholding Pattern Chart

No. of Shareholders

Ceejay Finance Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 19.7119.0519.8414.4112.96
Diluted EPS (Rs.) 19.7119.0519.8414.4112.96
Cash EPS (Rs.) 20.9019.9120.4114.9413.40
Book Value[Excl.RevalReserv]/Share (Rs.) 219.81201.51183.51164.62151.02
Book Value[Incl.RevalReserv]/Share (Rs.) 219.81201.51183.51164.62151.02
Dividend / Share (Rs.) 1.201.201.201.001.00
Revenue From Operations / Share (Rs.) 76.2160.0457.1951.9841.26
PBDIT / Share (Rs.) 39.4836.4935.8627.6424.38
PBIT / Share (Rs.) 38.2935.6335.2827.1123.93
PBT / Share (Rs.) 26.9725.7525.6320.1317.49
Net Profit / Share (Rs.) 19.7119.0519.8414.4112.96
PBDIT Margin (%) 51.8060.7862.6953.1659.08
PBIT Margin (%) 50.2359.3461.6952.1558.01
PBT Margin (%) 35.3942.8844.8238.7242.39
Net Profit Margin (%) 25.8531.7234.6927.7231.40
Return on Networth / Equity (%) 8.969.4510.818.758.57
Return on Capital Employeed (%) 17.2417.4318.9916.2215.75
Return On Assets (%) 5.406.227.245.996.23
Total Debt / Equity (X) 0.610.470.440.420.35
Asset Turnover Ratio (%) 0.220.200.220.230.18
Current Ratio (X) 2.352.732.983.163.55
Quick Ratio (X) 2.352.732.983.163.55
Dividend Payout Ratio (NP) (%) 6.086.295.046.937.71
Dividend Payout Ratio (CP) (%) 5.746.024.896.697.46
Earning Retention Ratio (%) 93.9293.7194.9693.0792.29
Cash Earning Retention Ratio (%) 94.2693.9895.1193.3192.54
Interest Coverage Ratio (X) 3.493.693.723.963.78
Interest Coverage Ratio (Post Tax) (X) 2.742.933.063.063.01
Enterprise Value (Cr.) 104.1695.8061.1559.3542.93
EV / Net Operating Revenue (X) 3.964.633.103.313.02
EV / EBITDA (X) 7.657.614.946.225.10
MarketCap / Net Operating Revenue (X) 2.233.101.752.101.87
Retention Ratios (%) 93.9193.7094.9593.0692.28
Price / BV (X) 0.770.920.540.660.51
Price / Net Operating Revenue (X) 2.233.101.752.101.87
EarningsYield 0.110.100.190.130.16

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ceejay Finance Ltd. is a Public Limited Listed company incorporated on 09/03/1993 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L65910GJ1993PLC019090 and registration number is 019090. Currently Company is involved in the business activities of Other credit granting. Company's Total Operating Revenue is Rs. 26.29 Cr. and Equity Capital is Rs. 3.45 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)C J House, Nadiad Gujarat 387001Contact not found
Management
NamePosition Held
Mr. Kiran PatelChairman
Mr. Deepak PatelManaging Director
Mr. Shailesh PatelDirector
Mr. Chinmay AminDirector
Mrs. Mrudula PatelDirector
Mr. Samirbhai ParikhDirector

FAQ

What is the intrinsic value of Ceejay Finance Ltd and is it undervalued?

As of 08 April 2026, Ceejay Finance Ltd's intrinsic value is ₹200.34, which is 17.16% higher than the current market price of ₹171.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (9.33 %), book value (₹231), dividend yield (0.70 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ceejay Finance Ltd?

Ceejay Finance Ltd is trading at ₹171.00 as of 08 April 2026, with a FY2026-2027 high of ₹215 and low of ₹154. The stock is currently in the middle of its 52-week range. Market cap stands at ₹59.0 Cr..

How does Ceejay Finance Ltd's P/E ratio compare to its industry?

Ceejay Finance Ltd has a P/E ratio of 8.19, which is below the industry average of 101.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Ceejay Finance Ltd financially healthy?

Key indicators for Ceejay Finance Ltd: ROCE of 11.7 % is moderate. Dividend yield is 0.70 %.

Is Ceejay Finance Ltd profitable and how is the profit trend?

Ceejay Finance Ltd reported a net profit of ₹7 Cr in Mar 2025 on revenue of ₹26 Cr. Compared to ₹5 Cr in Mar 2022, the net profit shows an improving trend.

Does Ceejay Finance Ltd pay dividends?

Ceejay Finance Ltd has a dividend yield of 0.70 % at the current price of ₹171.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ceejay Finance Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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