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NDL Ventures Ltd (NDLVENTURE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500189 NSE: NDLVENTURE TV Broadcasting & Software Production | Small Cap | NDL Ventures Share Price
₹124.85 1.10 (0.89%)
As on 21-Sep'26 16:59
NDL Ventures Ltd (NDLVENTURE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500189 NSE: NDLVENTURE TV Broadcasting & Software Production | Small Cap | NDL Ventures Share Price
₹124.85 1.10 (0.89%)
As on 21-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹420 Cr.
Current Price
₹124.9
52-Week Low / High
₹79 / 140
TTM EPS
₹0.2
TTM Sales
₹0 Cr.
Book Value per Share
₹17.6
P/E Ratio
555.34
Higher than its 5-year historical median
Industry PE
17.2
Price to Book (P/B)
7.08
Higher than its 5-year historical median
Price to Sales (P/S)
0.00
EV/EBITDA
408.73
Higher than its 5-year historical median
Dividend Yield
0.4%
Profitability Efficiency
Return on Equity (ROE)
1.53%
Outperforms industry median
Return on Capital Employed (ROCE)
2.05%
Outperforms industry median
Return on Assets (ROA)
1.38%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
54.24%
Asset Quality
Promoter Holding
66.20%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹26 Cr.
Equity
₹33.7 Cr.
Face Value
₹10
All Time Low / High
₹9.78 / 814.28
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is NDL Ventures Ltd a good quality company?
NDL Ventures Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares 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 Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does NDL Ventures Ltd performance compare with that of its Peers?
Revenue growth of NDL Ventures Ltd vs industry peers?
NDL Ventures Ltd revenue CAGR is -100.00%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of NDL Ventures Ltd?
Promoters hold 66.20% of the NDL Ventures Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of NDL Ventures Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -10.9% 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.
NDL Ventures Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.7% | 10.4% | -16.4% | -9.7% | -1.5% | 1.3% | 0% | 2.8% | 1.7% | 2.1% | - |
| Value Creation Index ⓘ | -0.1 | -0.3 | -2.2 | -1.7 | -1.1 | -0.9 | -1.0 | -0.8 | -0.9 | -0.9 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 202 | 253 | 604 | 817 | 695 | 702 | 0 | 0 | 0 | 0 | 0 |
| Sales YoY Gr. | - | 25.4% | 138.8% | 35.3% | -15% | 1% | -100% | NA | NA | NA | - |
| Adj EPS ⓘ | 44.6 | 41.8 | -175.2 | 41.6 | -19.3 | -12.2 | 0.1 | 0.5 | 0.2 | 0.3 | 0.2 |
| YoY Gr. | - | -6.3% | -519.2% | NA | -146.5% | NA | NA | 500% | -62.5% | 50% | - |
| BVPS (₹) ⓘ | 442.8 | 876.3 | 283.6 | 126.1 | 85.8 | 139.3 | 20.2 | 18.6 | 17.8 | 17.6 | 17.6 |
| Adj Net Profit ⓘ | 104 | 97.1 | -407 | 96.6 | -52.5 | -41 | 0.3 | 1.6 | 0.6 | 0.9 | 1 |
| Cash Flow from Ops. ⓘ | -129 | 505 | -173 | 225 | 121 | -82 | 74.9 | -10.7 | -4.2 | -4.7 | - |
| Debt/CF from Ops. ⓘ | -2.9 | 1.5 | -7 | 4.2 | 7.2 | -9.4 | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -100% | -100% | NA | NA | ||||
| Adj EPS ⓘ | -43.3% | NA | 50% | 50% | ||||
| BVPSⓘ | -30.1% | -27.2% | -4.4% | -1.2% | ||||
| Share Price | -10.8% | -19.9% | -5% | 46.8% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10.6 | 9.2 | -46.9 | 20.2 | -19.8 | -11.7 | 0.1 | 2.5 | 1 | 1.5 | 1.3 |
| Op. Profit Mgn % ⓘ | 86.6 | 87.5 | -15.3 | 22.4 | 21.8 | 19.8 | 0 | 0 | 0 | 0 | NAN |
| Net Profit Mgn % ⓘ | 51.3 | 38.4 | -67.4 | 11.8 | -7.6 | -5.9 | 0 | 0 | 0 | 0 | INF |
| Debt to Equity ⓘ | 0.4 | 0.4 | 1.8 | 3.3 | 3.8 | 1.6 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 1,629 | 1,186 | 304 | 171 | 171 | 123 | 0 | 0 | 0 | 0 | 0 |
| Cash Conv. Cycle ⓘ | -241 | 569 | 95 | -84 | -93 | -59 | 0 | 0 | 0 | 0 | 0 |
Valuation of NDL Ventures - 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 | 0.00 | 0.00 | 0.00 | 0.00 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 202 | 253 | 604 | 817 | 695 | 702 | 0 | 0 | 0 | 0 |
| Operating Expenses ⓘ + | 28 | 32 | 848 | 939 | 547 | 572 | 2 | 4 | 4 | 4 |
| Operating Profit ⓘ | 174 | 221 | -244 | -122 | 148 | 129 | -2 | -4 | -4 | -4 |
| Operating Profit Margin (%) | 86.2% | 87.5% | -40.3% | -14.9% | 21.3% | 18.4% | - | - | - | - |
| Other Income ⓘ + | 2 | 1 | 21 | 156 | 13 | 62 | 3 | 6 | 5 | 5 |
| Interest ⓘ | 46 | 51 | 154 | 155 | 134 | 121 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 4 | 157 | 184 | 179 | 176 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 128 | 167 | -534 | -305 | -152 | -105 | 0 | 2 | 1 | 1 |
| Tax ⓘ | 25 | 70 | -24 | -188 | -97 | -64 | 0 | 0 | 0 | 0 |
| Profit After Tax | 103 | 97 | -510 | -117 | -55 | -41 | 0 | 2 | 1 | 1 |
| PAT Margin (%) | 51.0% | 38.4% | -84.4% | -14.3% | -7.9% | -5.9% | - | - | - | - |
| Adjusted EPS (₹) | 44.3 | 41.8 | -219.0 | -50.3 | -20.2 | -12.3 | 0.1 | 0.5 | 0.2 | 0.3 |
| Dividend Payout Ratio (%) | 35% | 37.10% | -7.10% | -8.80% | -17.50% | -32.50% | 2,457% | 208.40% | 284.90% | 185% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 1,028 | 2,035 | 659 | 293 | 233 | 469 | 68 | 63 | 60 | 59 | |
| Debt + | 262 | 745 | 986 | 682 | 813 | 733 | 0 | 0 | 0 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 0 | 1 | 213 | 255 | 211 | 122 | 0 | 1 | 1 | 0 | |
| Others Liabilities ⓘ | 126 | 311 | 756 | 580 | 246 | 112 | 12 | 5 | 6 | 6 | |
| Total Liabilities ⓘ | 1,417 | 3,092 | 2,613 | 1,809 | 1,504 | 1,437 | 81 | 69 | 66 | 65 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 12 | 237 | 891 | 906 | 837 | 808 | 0 | 0 | 0 | 0 | |
| CWIP ⓘ | 0 | 0 | 25 | 13 | 5 | 4 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 434 | 2,569 | 1,271 | 349 | 355 | 354 | 0 | 0 | 0 | 0 | |
| Inventories | 431 | 37 | 38 | 42 | 43 | 20 | 12 | 12 | 12 | 12 | |
| Trade Receivables | 3 | 6 | 78 | 32 | 42 | 48 | 0 | 0 | 0 | 0 | |
| Cash Equivalents | 6 | 8 | 100 | 102 | 89 | 10 | 11 | 5 | 5 | 6 | |
| Others Assets ⓘ | 532 | 235 | 211 | 365 | 133 | 193 | 57 | 52 | 49 | 48 | |
| Total Assets ⓘ | 1,417 | 3,092 | 2,613 | 1,809 | 1,504 | 1,437 | 81 | 69 | 66 | 65 | |
| 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 ⓘ + | -129 | -73 | -173 | 225 | 121 | -82 | 75 | -11 | -4 | -5 |
| Cash Flow From Investing Activity ⓘ + | 231 | 21 | 29 | 187 | 49 | -54 | -54 | 10 | 8 | 7 |
| Cash Flow From Financing Activity ⓘ + | -101 | 43 | 134 | -421 | -179 | 138 | -13 | -7 | -3 | -2 |
| Net Cash Flow ⓘ | 1 | -10 | -11 | -8 | -8 | 2 | 7 | -7 | 0 | 0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.53 | 6.34 | -37.84 | -24.53 | -20.9 | -11.79 | 0.1 | 2.47 | 0.96 | 1.53 |
| ROCE (%) | 12.65 | 10.4 | -16.36 | -9.65 | -1.52 | 1.33 | 0.04 | 2.76 | 1.69 | 2.05 |
| Asset Turnover Ratio | 0.14 | 0.11 | 0.21 | 0.37 | 0.42 | 0.48 | 0 | 0 | 0 | 0 |
| PAT to CFO Conversion(x) | -1.25 | -0.75 | N/A | N/A | N/A | N/A | N/A | -5.5 | -4 | -5 |
| Working Capital Days | ||||||||||
| Receivable Days | 84.60 | 6.20 | 25.50 | 24.70 | 19.30 | 23.30 | 0 | 0 | 0 | 0 |
| Inventory Days | 841.10 | 337.80 | 22.80 | 17.90 | 22.20 | 16.30 | 0 | 0 | 0 | 0 |
| Payable Days | 1,399 | 23 | 3,326.70 | 7,436.60 | 0 | 2,114.10 | 0 | 0 | 0 | 0 |
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NDL Ventures Ltd FAQs
The current trading price of NDL Ventures on 21-Sep-2026 16:59 is ₹124.8.
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 20-Sep-2026 the market cap of NDL Ventures stood at ₹420.4 Cr
The latest P/E ratio of NDL Ventures as of 20-Sep-2026 is 555.3.
The latest P/B ratio of NDL Ventures as of 20-Sep-2026 is 7.08.
The 52-week high of NDL Ventures is ₹140.1 and the 52-week low is ₹79.31.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NDL Ventures is ₹0.00 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that NDL Ventures Ltd is a below average quality company.
The key valuation ratios of NDL Ventures Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of NDL Ventures Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About NDL Ventures Ltd
Formerly known as Hinduja TMT, Hinduja Ventures is part of the Hinduja Group companies. This is an outsourcing company that provides IT services and BPO/contact center services to customers. The company’s IT services provides application development and maintenance, legacy migration services, engineering design services and SAP implementation services. These services are complemented by Hinduja Venture’s BPO services in the area of back office claims processing, technical help desk support, contact center services, payroll processing, accounts receivables and accounts payable services.
It has got alliances and technology partnerships with global IT and technology players like IBM for technology on the websphere middleware platform, Compaq, Nortel for the support of switch technology for call centers, enhancement technology and 3I for training and recruitment for call centers, Oracle for Oracle database.
It has subsidiaries in India, US, UK and France. The Indian subsidiaries -In technology:
• SourceOne HTMT Inc,
• Customer Contact Centre Inc, and
• SourceOne Communications Asia Inc;
In media:
• Indusind Media Communications and
• InNetwork Entertainment; and
In telecom:
• n2Cable and
• Indusind Telecom Network.
The acquisitions of Source One Communications Inc, USA and Customer Contact Center Inc, Manila added many high-profile clients to its customer base in USA and expanded the company’s canvas of domain expertise from just telecom, insurance and discrete manufacturing to now include BFSI, pharmaceuticals, consumer electronics, household products, energy and utilities.
In 2010 Hinduja Ventures approved, to acquire all the shares of IDL Specialty Chemicals Ltd and to enter into a Memorandum of Understanding (MOU)
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