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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 537820 | NSE: VIJIFIN

Fundamental Analysis of Viji Finance Ltd

About the Company - Viji Finance Ltd

Viji Finance Ltd. is a Public Limited Listed company incorporated on 12/10/1994 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L65192MP1994PLC008715 and registration number is 008715. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 1.22 Cr. and Equity Capital is Rs. 8.25 Cr. for the Year ended 31/03/2022.
Finance & Investments11/2, Usha Ganj, Jaora Compound, Indore Madhya Pradesh
NamePosition Held
Mr. Vijay KothariPromoter, Chairman & Managing Director
Mr. Suresh Singh JainIndependent Director
Mr. Nitesh GuptaWhole Time Director
Ms. Sakshi ChourasiyaIndependent Director
Mr. Aryaman KothariNon Executive Director

Viji Finance Ltd. Share Price Update

Share PriceValue
Previous Day₹2.81

Basic Stock Data of Viji Finance Ltd

Market Cap 27.3 Cr.
Current Price 3.31
High / Low3.31/1.41
Stock P/E1,366
Book Value 1.48
Dividend Yield0.00 %
ROCE4.25 %
ROE3.70 %
Face Value 1.00

Data Source:

Competitors of Viji Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sundaram Finance Ltd 45,275 Cr. 4,0754,269/2,19028.3 9520.66 %8.00 %14.1 % 10.0
Times Guaranty Ltd 97.9 Cr. 109166/43.555.3 49.60.00 %2.50 %2.18 % 10.0
5Paisa Capital Ltd 1,738 Cr. 558759/27227.6 1610.00 %12.4 %10.6 % 10.0
Reliance Capital Ltd 312 Cr. 12.416.0/7.60 4550.00 %18.5 %% 10.0
Mask Investments Ltd 26.0 Cr. 85.294.6/40.2137 4240.00 %0.12 %0.07 % 10.0
Industry Average9,489.78 Cr967.9249.64408.320.13%8.30%5.39%10.00

Viji Finance Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Operating Profit0.
OPM %36.36%400.00%82.14%32.14%46.67%25.00%81.48%81.43%41.18%-8.70%48.89%47.62%35.29%
Other Income0.
Profit before tax0.
Tax %33.33%37.50%28.57%33.33%22.22%25.00%25.00%25.00%33.33%23.53%30.00%28.57%33.33%
Net Profit0.
EPS in Rs0.

Viji Finance Ltd Quarterly Chart

Viji Finance Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit0.390.590.981.010.681.061.990.770.280.680.591.150.56
OPM %67.24%79.73%75.38%76.52%49.64%65.84%86.15%43.75%28.28%72.34%48.36%55.02%30.43%
Other Income0.
Profit before tax0.450.560.840.920.570.941.910.670.200.590.500.610.03
Tax %20.00%30.36%30.95%35.87%40.35%36.17%25.65%49.25%25.00%25.42%10.00%26.23%
Net Profit0.350.390.580.600.340.611.420.340.140.440.440.440.02
EPS in Rs0.
Dividend Payout %34.29%53.85%64.66%37.50%66.18%12.30%5.81%0.00%0.00%0.00%0.00%0.00%

Viji Finance Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
YoY Net Profit Growth (%)11.43%48.72%3.45%-43.33%79.41%132.79%-76.06%-58.82%214.29%0.00%0.00%
Change in YoY Net Profit Growth (%)0.00%37.29%-45.27%-46.78%122.75%53.38%-208.84%17.23%273.11%-214.29%0.00%

Viji Finance Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:-2%
3 Years:28%
Compounded Profit Growth
10 Years:1%
5 Years:-21%
3 Years:46%
Stock Price CAGR
10 Years:%
5 Years:30%
3 Years:55%
1 Year:10%
Return on Equity
10 Years:6%
5 Years:3%
3 Years:4%
Last Year:4%

Viji Finance Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3.003.007.507.507.507.508.
Other Liabilities0.360.470.770.510.510.530.760.911.
Total Liabilities4.424.609.549.3410.0212.0813.8815.0215.7515.7917.5622.6124.75
Fixed Assets0.
Other Assets4.404.299.258.999.5411.6113.4314.3315.3515.4516.7220.1622.47
Total Assets4.424.609.549.3410.0212.0813.8815.0215.7515.7917.5622.6124.75

Viji Finance Ltd Reserves and Borrowings Chart

Viji Finance Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1.760.531.120.840.24-1.01-0.40-0.69-0.460.73-1.05-2.47
Cash from Investing Activity 0.00-0.31-0.01-0.10-0.25-0.05-0.02-0.390.16-0.02-0.58-1.96
Cash from Financing Activity -2.03-0.05-1.30-0.570.271.310.100.740.36-0.301.184.47
Net Cash Flow-0.270.17-

Viji Finance Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days0.0059.
Inventory Days
Days Payable
Cash Conversion Cycle0.0059.
Working Capital Days-81.81-143.04-171.27-127.20-119.89-124.69-126.41-101.62-361.31-372.77-308.16-193.85
ROCE %15.89%16.12%14.73%10.91%6.87%9.59%15.81%5.29%1.60%4.29%3.60%4.25%

Viji Finance Ltd Financial Efficiency Indicators Chart

Viji Finance Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders10,57113,97516,17921,84723,71226,18528,35030,80736,95144,39148,21851,321

Viji Finance Ltd Shareholding Pattern Chart

No. of Viji Finance Ltd Shareholders

This stock is not held by any mutual fund

Viji Finance Ltd ROCE Trend

Viji Finance Ltd EPS Trend

Viji Finance Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)
Diluted EPS (Rs.)
Cash EPS (Rs.)
Book Value[Excl.RevalReserv]/Share (Rs.)1.461.411.351.281.26
Book Value[Incl.RevalReserv]/Share (Rs.)1.461.411.351.281.26
Revenue From Operations / Share (Rs.)
PBDIT / Share (Rs.)
PBIT / Share (Rs.)
PBT / Share (Rs.)
Net Profit / Share (Rs.)
NP After MI And SOA / Share (Rs.)
PBDIT Margin (%)52.5051.6173.8727.9143.69
PBIT Margin (%)35.6245.2168.5622.7240.89
PBT Margin (%)28.7940.5964.3619.4538.31
Net Profit Margin (%)20.7736.0848.5113.4518.83
NP After MI And SOA Margin (%)20.7736.0848.5113.4518.83
Return on Networth / Equity (%)3.593.794.001.263.18
Return on Capital Employeed (%)5.674.455.432.016.54
Return On Assets (%)1.912.522.830.832.17
Long Term Debt / Equity (X)
Total Debt / Equity (X)0.760.400.310.400.37
Asset Turnover Ratio (%)
Current Ratio (X)2.143.313.763.240.26
Quick Ratio (X)2.143.313.763.240.26
Dividend Payout Ratio (NP) (%)
Dividend Payout Ratio (CP) (%)
Earning Retention Ratio (%)
Cash Earning Retention Ratio (%)
Interest Coverage Ratio (X)7.6811.1717.598.5316.99
Interest Coverage Ratio (Post Tax) (X)4.048.8112.555.118.33
Enterprise Value (Cr.)26.3436.598.646.0011.47
EV / Net Operating Revenue (X)12.6429.999.396.066.51
EV / EBITDA (X)24.0758.0912.7121.7114.90
MarketCap / Net Operating Revenue (X)8.3126.
Retention Ratios (%)
Price / BV (X)1.442.760.500.180.74
Price / Net Operating Revenue (X)8.3126.

Viji Finance Ltd Profitability Ratios (%)

Viji Finance Ltd Liquidity Ratios

Viji Finance Ltd Liquidity Ratios (%)

Viji Finance Ltd Interest Coverage Ratios (X)

Viji Finance Ltd Valuation Ratios

Fair Value / Intrinsic Value of Viji Finance Ltd

Fair Value: ₹76.30

The stock is undervalued by 2,205.08% compared to the current price ₹3.31

*Investments are subject to market risks

Strength and Weakness of Viji Finance Ltd

  1. The stock is trading at a low valuation with an average P/B ratio of 0.06 and average Dividend Yield of 42.60%.
  2. The stock has a low average Working Capital Days of -186.00, which is a positive sign.
  3. The company has shown consistent growth in sales (1.39 cr) and profit (0.68 cr) over the years.
  1. The stock has a low average ROCE of 9.08%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 11.49, which may not be favorable.
  3. The company has higher borrowings (3.53) compared to reserves (1.92), which may suggest financial risk.

Should I Buy Viji Finance Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Viji Finance Ltd:
    1. Net Profit Margin: 20.77%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 5.67% (Industry Average ROCE: 28.05%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 4.04
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 2.14
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 1,366 (Industry average Stock P/E: 11.97)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.76
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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 Viji 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 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