Viji Finance Ltd. (IN:VIJIFIN)
:VIJIFIN
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Viji Finance Ltd.
(VIJIFIN)
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Rating:62Neutral
Price Target:
₹4.00
▲(40.85% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by improved FY2026 profitability and a more manageable leverage profile, but is held back by weak cash-flow quality and historical earnings volatility. Technicals are strong yet overbought, and valuation appears neutral with no dividend data to add support.
Positive Factors
Strong FY2026 revenue and margins
Revenue rising ~118% alongside strong net and EBIT margins in FY2026 suggests improved product mix or pricing power and better unit economics. If these margin gains persist, the company can generate more durable earnings per loan/book, fund growth internally, and build sustained return on equity.
Negative Factors
Weak historical cash conversion
Multi-year negative operating cash flow and free cash flow through FY2025 signal structural cash-conversion issues. Even with FY2026 OCF recovery, a history of relying on non-cash profits or financing creates liquidity vulnerability, constrains capital allocation, and raises funding risk in tighter credit conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY2026 revenue and margins
Revenue rising ~118% alongside strong net and EBIT margins in FY2026 suggests improved product mix or pricing power and better unit economics. If these margin gains persist, the company can generate more durable earnings per loan/book, fund growth internally, and build sustained return on equity.
Read all positive factors
Viji Finance Ltd. (VIJIFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹558.60M
Dividend YieldN/A
Average Volume (3M)25.74K
Price to Earnings (P/E)20.6
Beta (1Y)-0.53
Revenue Growth78.70%
EPS Growth2090.59%
CountryIN
Employees7
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding142,500,000
10 Day Avg. Volume12,331
30 Day Avg. Volume25,738
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.74
Price to Sales (P/S)7.78
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Viji Finance Ltd. Business Overview & Revenue Model
Company Description
Viji Finance Limited, a non-banking finance company, provides financial products and services in India. It offers corporate finance, infrastructure/project finance, and personal finance. The company was formerly known as Panjon Finance Limited and...
How the Company Makes Money
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Viji Finance Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.04M | 52.37M | 23.25M | 19.25M | 20.84M | 12.20M |
| Gross Profit | 11.21M | 40.59M | 10.38M | 10.23M | 16.97M | 9.74M |
| EBITDA | -1.46M | 29.68M | -377.00K | 5.54M | 10.01M | 5.78M |
| Net Income | 1.57M | 19.75M | 1.69M | 1.20M | 4.33M | 4.40M |
Balance Sheet | ||||||
| Total Assets | 344.41M | 336.54M | 350.54M | 253.63M | 225.54M | 174.63M |
| Cash, Cash Equivalents and Short-Term Investments | 53.54M | 4.37M | 54.94M | 2.42M | 1.80M | 914.00K |
| Total Debt | 115.49M | 72.49M | 125.97M | 120.54M | 91.95M | 46.75M |
| Total Liabilities | 134.80M | 102.91M | 136.66M | 131.87M | 105.17M | 58.59M |
| Stockholders Equity | 209.61M | 233.63M | 213.88M | 121.75M | 120.37M | 116.04M |
Cash Flow | ||||||
| Free Cash Flow | 9.08M | 0.00 | -29.87M | -28.45M | -44.43M | -16.34M |
| Operating Cash Flow | 9.08M | 21.89M | -28.79M | -28.39M | -24.73M | -10.55M |
| Investing Cash Flow | 0.00 | -18.98M | -1.08M | -61.00K | -19.59M | -5.79M |
| Financing Cash Flow | -10.48M | -53.48M | 82.39M | 28.59M | 45.20M | 11.24M |
Viji Finance Ltd. Technical Analysis
Positive
2.84
Price Trends
3.50
Positive
3.00
Positive
3.09
Positive
Market Momentum
0.12
Positive
58.96
Neutral
52.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VIJIFIN, the sentiment is Positive. The current price of 2.84 is below the 20-day moving average (MA) of 4.01, below the 50-day MA of 3.50, and below the 200-day MA of 3.09, indicating a bullish trend. The MACD of 0.12 indicates Positive momentum. The RSI at 58.96 is Neutral, neither overbought nor oversold. The STOCH value of 52.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VIJIFIN.
Viji Finance Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | ₹558.60M | 20.64 | ― | ― | 78.70% | 2090.59% | |
55 Neutral | ₹197.25M | 9.57 | ― | 1.70% | -105.97% | -85.08% | |
51 Neutral | ₹1.03B | -3.17 | ― | ― | -58.96% | 59.08% | |
46 Neutral | ₹271.98M | -10.78 | ― | ― | -10.12% | -59.02% | |
45 Neutral | ₹192.05M | 49.50 | ― | ― | 0.50% | -23.61% | |
44 Neutral | ₹169.14M | -9.01 | ― | ― | -92.81% | -149.71% |
* Financial Sector Average
IN:VIJIFIN
Viji Finance Ltd.
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Viji Finance Ltd. Corporate Events
Viji Finance Publishes Audited Results Notice in Newspapers to Meet SEBI Norms
May 9, 2026
Viji Finance Ltd. notified stock exchanges that it has complied with Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 by publishing an advertisement of its audited financial results. The notice appeared o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.