About Viji Finance Ltd

Viji Finance Limited is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI), Department of Non-Banking Supervision, Bhopal Office. The company operates primarily to fulfill the financial requirements of all sections of society. It provides personal and business loans, gold loans, corporate finance, infrastructure/project finance, and personal finance services. Incorporated in 1994, the company is based in Indore, India. It was formerly known as Panjon Finance Limited and changed its name to Viji Finance Limited in September 2012.

The company is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), offering comprehensive financial solutions to individuals and corporate clients. As a Non Systematically Important Non Deposit Taking Non-Banking Finance Company registered with RBI, it provides working capital loans to corporates. Most of these loans are unsecured, and are extended only to borrowers the promoter is familiar with.

Financial Performance and Key Metrics

Latest Financial Results

Viji Finance reported a net profit of ₹0.68 crore for the quarter ended March 2025. For the full year ended March 2025, net profit rose 41.67% to ₹0.17 crore, compared to ₹0.12 crore in the previous year ended March 2024. Sales increased by 20.73% to ₹2.33 crore in the year ended March 2025, up from ₹1.93 crore during the previous year ended March 2024.

Key Financial Metrics (Trailing 12 Months)

- Operating Revenue: ₹2.33 Cr

- Annual Revenue Growth: 52%

- Pre-Tax Margin: 9%

- Return on Equity (ROE): 0% (requires improvement)

The company's financial performance shows mixed results with strong revenue growth but challenges in return metrics.

Market Capitalization and Stock Performance

- Market Capitalization: ₹59.71 Cr (as of July 22, 2025)

- _Increase in 1 year:_ 76.9%

- 52-Week High: ₹4.60

- 52-Week Low: ₹1.97

- P/E (Price-to-Earnings) Ratio: 373.17

- P/B (Price-to-Book) Ratio: 4.90

Trading Performance

The exchange sought clarification from Viji Finance Ltd on July 22, 2025, concerning movement in its stock price. The stock has shown significant volatility, with recent price movements attracting regulatory attention. From a technical standpoint, the stock is comfortably placed above its key moving averages, trading around 60% and 39% above its 50-day and 200-day moving averages, respectively.

Business Operations and Services

Viji Finance Limited is an India-based non-banking financial company (NBFC) engaged in providing customized financial products and services to individuals and corporates. The Company operates through the Financial Services segment. Its services include:

- Loans (personal, business, gold)

- Corporate Finance

- Personal Finance

- Infrastructure/Project Finance

The Company also provides financial intermediation for infrastructure projects and services.

Viji Finance is an ISO (9001:2015) Certified Non-Banking Finance Company (NBFC), registered with the Reserve Bank of India (RBI), Department of Non-Banking Supervision, Bhopal Office. Its Registration Number is B-03.00080. The Company's primary business is Finance.

Corporate Structure and Leadership

- Chairman: Vijay Kothari

- Managing Director: Vijay Kothari

- Promoter Holding: 53.7%

The Company had two wholly-owned subsidiaries as of March 31, 2019:

- S.L. Developers Private Limited

- Viji Housing Finance Limited

Recent Developments and Compliance

- The company filed a Certificate under Regulation 74(5) of the SEBI (Depository and Participants) Regulations, 2018, for the quarter ended June 30, 2025.

- A notice regarding the transfer of unclaimed dividends and shares to the IEPF (Investor Education and Protection Fund) by October 3, 2025, was issued on June 26, 2025, as per regulations.

Investment Considerations

- The stock is trading at 3.06 times its book value.

- Although the company reports repeated profits, it is not currently paying dividends.

- The company has a low interest coverage ratio.

- Its Return on Equity (ROE) has been low at 1.79% over the last 3 years.

These factors suggest that while the company maintains profitability, there are areas for improvement in financial efficiency and shareholder returns.

From an O'Neil Methodology perspective:

- EPS Rank: 39 (POOR score, indicating inconsistency in earnings)

- RS Rating: 92 (GREAT score, indicating outperformance compared to other stocks)

Overall, the stock lags in the earnings parameter but exhibits excellent technical strength, making it a stock to examine in more detail.

The company operates in a competitive NBFC sector but maintains its market position through its long history and established customer relationships, focusing on providing accessible financial solutions to various segments of the Indian market.