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10 Yrs X-Ray 
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About
Dhvija Finance Ltd (539552)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539552 NSE: Finance - NBFC | Small Cap | Dhvija Finance Share Price
₹10.52 0.02 (0.19%)
As on 11-Sep'26 16:59
Dhvija Finance Ltd (539552)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539552 NSE: Finance - NBFC | Small Cap | Dhvija Finance Share Price
₹10.52 0.02 (0.19%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹51 Cr.
Current Price
₹10.5
52-Week Low / High
₹10 / 26
TTM EPS
₹1
Book Value per Share
₹4.1
P/E Ratio
10.22
Lower than its 5-year historical median
Industry PE
27
Price to Book (P/B)
2.55
Lower than its 5-year historical median
EV/EBITDA
7.31
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
14.77%
Outperforms industry median
Return on Capital Employed (ROCE)
17.12%
Outperforms industry median
Return on Assets (ROA)
7.83%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
60.91%
Book Value Growth (1 Year)
Improving versus 3-year growth rate
15.85%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹12.9 Cr.
Reserves
₹10 Cr.
Equity
₹9.8 Cr.
Face Value
₹2
All Time Low / High
₹0.55 / 27.27
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Dhvija Finance Ltd a good quality company?
Dhvija Finance Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.
-
How efficiently has it grown and managed operations?
By checking its Total Asset growth.
-
How strong is its Capital position and Asset Quality?
By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.
How does Dhvija Finance Ltd performance compare with that of its Peers?
AUM Growth of Dhvija Finance Ltd vs Industry Peers?
Dhvija Finance Ltd AUM CAGR is 47.92%, compared to the 5-year industry median CAGR of 10.04%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Dhvija Finance Ltd?
Promoters hold 36.91% of the Dhvija Finance Ltd, with 8.53% of their stake pledged, indicating low pledge risk.
Stock return of Dhvija Finance Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 34.3% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Dhvija Finance Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 0.5 | 0.5 | 1.3 | 0.9 | 0.5 | 0.5 | 1 | 3.7 | 6.6 | 10.8 | 13 | |
| YoY Gr. Rt. % | - | 1.6% | 143.4% | -29.7% | -41.3% | 2.1% | 98.5% | 257% | 77.7% | 62.8% | - | |
| Adj EPS (₹ ) | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.2 | 0.3 | 0.5 | 1 | |
| YoY Gr. Rt. % | - | -50% | 100% | 100% | -25% | 100% | 133.3% | 14.3% | 106.3% | 36.4% | - | |
| BVPS (₹ ) | 1.8 | 1.9 | 1.9 | 1.9 | 2 | 2 | 2.2 | 2.5 | 2.8 | 3.3 | 4.1 | |
| YoY Gr. Rt. % | - | 1.1% | 1.1% | 2.1% | 1.6% | 3.1% | 7.5% | 16.2% | 13.2% | 15.9% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0.8 | 0.7 | 0.4 | 0.7 | 1.1 | 2.4 | 5 | 7.6 | 7.6 | 7.8 | 0 | |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 40.5% | 83.7% | 117.8% | 62.8% | ||||
| Adj EPS | 41.3% | 71.9% | 47.6% | 36.4% | ||||
| BVPS | 6.7% | 11% | 15.1% | 15.9% | ||||
| Share Price | 34.3% | 74.5% | 3% | -55.1% | ||||
Key Financial Ratios
| RATIOS \ YEARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 5.1 | 4.6 | 3.1 | 8.1 | 9.6 | 19.4 | 23.5 | 20.8 | 24.4 | 20.5 | 39.2 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 0.8 | 0.7 | 1.2 | 2.2 | 1.5 | 3 | 6.9 | 9.7 | 12.4 | 14.8 | 25.5 | |
Valuation of Dhvija Finance - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.53 | 8.53 | 8.53 | 8.53 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income + | 0.51 | 0.51 | 1.25 | 0.88 | 0.52 | 0.54 | 1.09 | 3.75 | 6.64 | 11.07 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.04 | 0.02 | 0.01 | 0.27 |
| Expenditure ⓘ + | 0.47 | 0.46 | 1.20 | 0.78 | 0.45 | 0.40 | 0.76 | 2.71 | 4.48 | 8.08 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.04 | 0.05 | 0.05 | 0.10 | 0.07 | 0.14 | 0.33 | 1.04 | 2.17 | 2.99 |
| Taxes ⓘ | 0.01 | 0.03 | 0.01 | 0.03 | 0.02 | 0.03 | 0.09 | 0.26 | 0.55 | 0.78 |
| Profit After Tax | 0.03 | 0.02 | 0.04 | 0.07 | 0.05 | 0.10 | 0.25 | 0.78 | 1.62 | 2.21 |
| Adjusted EPS (₹) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.3 | 0.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 3.14 | 3.17 | 3.21 | 3.28 | 3.33 | 3.43 | 3.68 | 12.27 | 13.89 | 16.11 |
| Short term borrowings | 0 | 0 | 13.16 | 1.47 | 0.64 | 0.85 | 1.61 | 2.10 | 0 | 0 |
| Long Term Borrowings | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -0.01 | 12.34 | 11.11 |
| Current Liabilities | 0.08 | 0.11 | 13.28 | 1.60 | 0.79 | 0.99 | 1.81 | 2.69 | 1.17 | 1.97 |
| Trade Payables | 0 | 0.03 | 0.04 | 0.03 | 0.10 | 0.05 | 0.04 | 0.05 | 0.16 | 0.57 |
| Other Liabilities | -0 | -0.03 | -13.20 | -1.50 | -0.73 | -0.91 | -1.65 | -2.15 | -0.16 | -0.57 |
| Total Liabilities ⓘ | 3.23 | 3.28 | 16.48 | 4.88 | 4.12 | 4.41 | 5.48 | 14.95 | 27.39 | 29.18 |
Assets | ||||||||||
| Non Current Asset + | 2.98 | 0.85 | 0.84 | 0.28 | 0.36 | 0.27 | 0.04 | 0.01 | 24.38 | 26.35 |
| Current Asset + | 0.25 | 2.44 | 15.64 | 4.60 | 3.76 | 4.15 | 5.44 | 14.94 | 3.02 | 2.84 |
| Total Assets ⓘ | 3.23 | 3.28 | 16.48 | 4.88 | 4.12 | 4.41 | 5.48 | 14.95 | 27.39 | 29.18 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.03 | 0.07 | -0.07 | 10.47 | 1.31 | -1.05 | -1.34 | -9.07 | -12.87 | -6.46 |
| Cash Flow From Investing Activity ⓘ | 0.12 | -0.06 | -13.08 | 1.27 | 0.29 | 0.35 | 0.78 | 1.61 | 3.82 | 8.12 |
| Cash Flow From Financing Activity ⓘ | -0.09 | -0.01 | 13.16 | -11.69 | -0.87 | 0.19 | 0.67 | 8.21 | 9.42 | -2.69 |
| Net Cash Flow ⓘ | 0.07 | -0.01 | 0.01 | 0.04 | 0.73 | -0.51 | 0.11 | 0.75 | 0.37 | -1.02 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 0.10 | 0.10 | 0.10 | 0.20 | 0.20 | 0.30 | 0.80 | 0.90 | 1.80 | 2.50 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 10.1 | 10.2 | 10.3 | 10.6 | 10.7 | 11.1 | 11.9 | 13.8 | 15.6 | 18.1 |
Performance Ratios | ||||||||||
| ROA (%) | 0.8 | 0.7 | 0.4 | 0.7 | 1.1 | 2.4 | 5.0 | 7.6 | 7.6 | 7.8 |
| ROE (%) | 0.8 | 0.7 | 1.2 | 2.2 | 1.5 | 3.0 | 6.9 | 9.7 | 12.4 | 14.8 |
| ROCE (%) | 1.2 | 1.6 | 10.8 | 5.3 | 2.6 | 4.1 | 8.8 | 11.6 | 15.1 | 17.1 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.8 | 0.0 | 7.3 | 6.0 | 4.5 |
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Dhvija Finance Ltd FAQs
The current trading price of Dhvija Finance on 11-Sep-2026 16:59 is ₹10.52.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Dhvija Finance stood at ₹51.45 Cr
The latest P/E ratio of Dhvija Finance as of 10-Sep-2026 is 10.22.
The latest P/B ratio of Dhvija Finance as of 10-Sep-2026 is 2.55.
The 52-week high of Dhvija Finance is ₹25.62 and the 52-week low is ₹10.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Dhvija Finance is ₹12.86 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Dhvija Finance Ltd is a below average quality company.
The key valuation ratios of Dhvija Finance Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Dhvija Finance Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Dhvija Finance Ltd
F Mec International Financial Services originally incorporated as a private company under the Companies Act, 1956 vide Certificate of Incorporation dated June 07, 1993 called as F Mec Investments & Financial Services was converted to a public limited company vide fresh certificate of incorporation dated May 18, 1995.Further the name of Company was changed from F Mec Investments & Financial Services Limited to F Mec International Financial Services Limited vide fresh certificate of incorporation consequent upon name change dated May 23, 1995. The Company's shares are listed on Bombay Stock Exchange Limited (BSE) with January 15, 2016.The registered office of the company is at New. The company got its registration as NBFC from Reserve Bank of India on September 11, 1998.
The company have many years of working experience as a Non-Banking Financial Company (non-accepting deposit from the public). The main object of the company is to carry on the business of merchant banking in all its aspects, to act as manager to issue, to act as financial consultants, advisers, counselors in investment and capital markets and other allied activities.
Business area of the company
The company is engaged in the business of lending. The company has a diversified lending portfolio acrossretail, SMEs and commercial customers with significant presence in urban and rural India.
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