Company Overview

Dar Credit & Capital Limited (DCCL) is a Non-Banking Finance Company (NBFC) incorporated in 1994. The company specialises in offering personal loans, unsecured MSME loans, and secured MSME loans. DCCL received its Certificate of Registration from the Reserve Bank of India (RBI) as an NBFC on June 28, 2007. For over 30 years, the company has cultivated deep expertise in understanding and addressing the financial needs of underbanked and underserved customers, particularly those with limited access to traditional banking channels.

The primary target demographic for DCCL includes low-income individuals and micro, small, and medium-sized enterprises (MSMEs). The company extends credit solutions to individuals in roles such as cleaners and peons within municipalities, as well as to necessary vendors, shopkeepers, and women entrepreneurs, aiming to empower their growth.

Geographic Presence and Operations

DCCL's operational network extends beyond its headquarters in Kolkata and a regional office in Jaipur. The company actively operates through branch offices in West Bengal, Rajasthan, Bihar, and Jharkhand. Furthermore, camp offices are established in Madhya Pradesh and Gujarat. This strategic geographic spread enables DCCL to cater to a diverse customer base across multiple Indian states, with a particular focus on regions exhibiting significant demand for microfinance and small-scale lending services.

Recent IPO and Market Entry

Dar Credit and Capital's Initial Public Offering (IPO) bidding process took place from May 21, 2025, to May 23, 2025. The allotment for the IPO was finalized on May 26, 2025, with the shares listing on the NSE SME platform on May 28, 2025. The IPO offered shares at a price band of ₹60 per share. This was a SME IPO comprising 42,76,000 equity shares of face value ₹10, aggregating up to ₹25.66 Crores.

The DCCL IPO garnered significant investor interest, being subscribed 98.67 times. The scrip made its debut on the exchange at ₹65.15, representing a premium of 8.58% over its IPO price. Prior to the public offering, on May 20, 2025, the company raised ₹7.29 crore from anchor investors by allotting 12.16 lakh shares at ₹60 per share to 6 anchor investors.

Financial Performance and Key Metrics

Recent Financial Results

Dar Credit & Capital Limited announced its audited financial results for the year ended March 31, 2025, showcasing a substantial 91% year-on-year (YoY) increase in net profit, reaching ₹7.04 crore. The company has demonstrated a strong growth trajectory:

- FY25 Performance: Net profit of ₹7.04 crores (91% YoY growth).

- Revenue Growth: Reported revenue of ₹33.01 crores in 2024, up from ₹25.57 crores in 2023.

- Profit Growth: Reported profit of ₹3.97 crores in 2024, an increase from ₹2.93 crores in 2023.

Current Market Valuation

As of May 2025, Dar Credit & Capital Ltd holds a market capitalization of approximately ₹92 crore. Key financial ratios include:

- P/E Ratio: 12.21

- P/B Ratio: 0.87

Corporate Actions and Ratings

The Board of Directors has recommended a dividend of ₹0.5 per share for the financial year ended March 31, 2025, subject to approval at the Annual General Meeting (AGM). On December 23, 2023, the company received "CARE BBB-" Stable Ratings from CARE Ratings, indicating a stable credit quality assessment from a recognized agency.

Management and Leadership

The Promoters of Dar Credit & Capital Ltd are Mr. Ramesh Kumar Vijay, Mr. Rajkumar Vijay, and Mrs. Rakshita Vijay. Mr. Ramesh Kumar Vijay serves as the Chairman, with Priya Kumari as the Company Secretary. As of May 2025, the promoter holding in Dar Credit & Capital Ltd has reduced to 68.98%, reflecting dilution from the recent IPO.

Corporate History and Mergers

The company has a history of strategic consolidation. DAR Holdings Private Limited was merged with Dar Credit & Capital Ltd in 2014. Subsequently, ABAN Holdings Private Limited was merged with the Company in 2018. Furthermore, the company's debentures were listed on BSE Limited effective February 17, 2021, establishing a presence in debt markets prior to its equity listing.

Market Position and Trading Information

Dar Credit & Capital Ltd's stock has experienced a 52-week high share price of ₹66.00 and a 52-week low of ₹60.75. The stock trades on the NSE SME under the ticker symbol DCCL. The company operates within the competitive NBFC sector, focusing on serving the underbanked population with tailored financial products.

DCCL's strategic focus on underserved markets, coupled with its robust financial performance and a successful recent IPO, positions it as a notable entity in the microfinance and small business lending segment of India's financial services industry.