Viji Finance Ltd. (VIJIFIN) AI Stock Analysis

• Market Cap: ₹485.93M
• Dividend Yield: N/A
• Average Volume (3M): 25.74K
• Price to Earnings (P/E): 294.5
• Beta (1Y): -0.03
• Revenue Growth: 39.46%
• EPS Growth: N/A
• Country: IN
• Employees: 7
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): >-0.01
• Shares Outstanding: 142,500,000
• 10 Day Avg. Volume: 12,331
• 30 Day Avg. Volume: 25,738
• PEG Ratio: -75.85
• Price to Book (P/B): 1.46
• Price to Sales (P/S): 13.42
• P/FCF Ratio: -10.45
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: ₹3.00 ▲(5.63% Upside)

The score is held down primarily by weak financial performance—especially persistently negative operating/free cash flow and pressured profitability—and a very high P/E valuation. This is partially offset by strong technical positioning above key moving averages with positive momentum, though near-overbought signals reduce confidence.

Positive Factors

Stable interest-driven revenue

A core business model built on interest income from personal, business and credit products provides a durable revenue engine. Interest margins and fee income can sustain operations over time, supporting predictable cash inflows if underwriting and loan volumes remain stable.

Strong gross profitability

A strong gross margin suggests the company earns healthy spreads on lending activities and controls direct servicing costs. This provides a structural buffer to absorb operating expenses or credit costs, helping margin sustainability if core lending economics persist.

Positive ROE and stable asset base

Positive ROE and a stable equity ratio indicate the company is generating returns on shareholder capital and maintaining asset stability. This supports reinvestment and growth capacity over months and reduces the likelihood of rapid balance-sheet deterioration.

Negative Factors

Negative operating and free cash flow

Persistently negative OCF and FCF signal weak core cash generation, forcing reliance on external financing. Over 2-6 months this constrains investment, heightens refinancing risk, and limits ability to build reserves or absorb credit losses without raising new capital.

Pressured profitability and EBIT losses

Substantial operating losses reduce retained earnings and constrain capacity to fund growth internally. Continued EBIT deficits undermine long-term margin recovery, increasing dependence on cost cuts or external funding to reach sustainable profitability.

Relatively high leverage

Elevated leverage raises interest burden and sensitivity to liquidity shocks, limiting strategic flexibility. In a sector exposed to credit cycles, higher debt levels increase solvency risk and may necessitate deleveraging or costly refinancing if cash generation does not improve.

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 changed its name to Viji Finance Limited in September 2012. Viji Finance Limited was incorporated in 1994 and is based in Indore, India.

How the Company Makes Money

Viji Finance Ltd. generates revenue primarily through interest income from loans and financing products offered to customers. The company charges interest on personal loans, business loans, and other credit products, which constitutes a significant portion of its revenue. Additionally, VIJIFIN may earn fees for loan origination, processing, and other financial services provided to clients. The company could also generate income through investment management services, if applicable. Strategic partnerships with financial institutions and technology providers help enhance its service offerings and reach, thereby contributing to its overall earnings. Factors such as market demand for loans, interest rate fluctuations, and effective risk management practices also play a crucial role in determining the company’s profitability.

Viji Finance Ltd. Financial Statement Overview

Summary

Viji Finance Ltd. shows mixed financial performance. Strong gross profit margin indicates efficient operations, but low net profit margin and negative cash flows highlight operational inefficiencies and liquidity challenges. High leverage adds financial risk.

Income Statement

Viji Finance Ltd. shows mixed performance on profitability metrics. The gross profit margin is strong, indicating efficient production and service delivery. However, the net profit margin is low due to substantial EBIT losses, indicating operational inefficiencies. Revenue growth is volatile, with significant growth in the latest year, suggesting inconsistency in sales performance.

Balance Sheet

The balance sheet shows moderate financial health. The debt-to-equity ratio is relatively high, indicating potential leverage risk. However, the equity ratio is stable, reflecting a solid asset base. Return on equity is positive, suggesting that the company is generating returns for its shareholders.

Cash Flow

Cash flow analysis reveals challenges in cash management. Operating cash flow is consistently negative, indicating potential issues with core business cash generation. Free cash flow is also negative, showing strain on liquidity. The reliance on financing cash flow suggests dependency on external funding.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	23.56M	23.25M	19.25M	20.84M	12.20M	9.20M
Gross Profit	9.13M	10.38M	10.23M	16.97M	9.74M	7.92M
EBITDA	-3.24M	-377.00K	5.54M	10.01M	5.78M	6.42M
Net Income	135.00K	1.69M	1.20M	4.33M	4.40M	4.47M
Balance Sheet
Total Assets	0.00	350.54M	253.63M	225.54M	174.63M	157.44M
Cash, Cash Equivalents and Short-Term Investments	0.00	54.94M	2.42M	1.80M	914.00K	6.02M
Total Debt	0.00	125.97M	120.54M	91.95M	46.75M	35.52M
Total Liabilities	-213.88M	136.66M	131.87M	105.17M	58.59M	45.80M
Stockholders Equity	213.88M	213.88M	121.75M	120.37M	116.04M	111.64M
Cash Flow
Free Cash Flow	0.00	-29.87M	-28.45M	-44.43M	-16.34M	7.25M
Operating Cash Flow	0.00	-28.79M	-28.39M	-24.73M	-10.55M	7.25M
Investing Cash Flow	0.00	-1.08M	-61.00K	-19.59M	-5.79M	-197.61K
Financing Cash Flow	0.00	82.39M	28.59M	45.20M	11.24M	-2.98M

Viji Finance Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.84
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 above the 20-day moving average (MA) of 2.79, above the 50-day MA of 2.81, and below the 200-day MA of 2.88, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 62.18 is Neutral, neither overbought nor oversold. The STOCH value of 81.68 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
LFIC	55 Neutral	₹197.25M	―	―	1.70%	-93.62%	-115.49%
TCIFINANCE	54 Neutral	₹443.71M	12.03	―	―	797.65%	―
VIJIFIN	49 Neutral	₹485.93M	294.55	―	―	39.46%	―
KHANDSE	49 Neutral	₹309.65M	-15.86	―	―	-12.64%	-390.34%
ONELIFECAP	48 Neutral	₹214.56M	-5.26	―	―	-62.38%	21.41%
GLFL	44 Neutral	₹227.59M	390.23	―	―	―	―

Viji Finance Ltd. Corporate Events

Viji Finance Files SEBI Compliance Certificate, Reports No Demat or Remat Requests in Q3 FY2025

Viji Finance Limited has submitted to the stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025. The company’s registrar and transfer agent, Ankit Consultancy Pvt. Ltd., confirmed that no dematerialisation or rematerialisation requests were received during the quarter, indicating a stable shareholding pattern with no changes in the form in which investors are holding the company’s securities.