DHVIJA FINANCE LIMITED

₹ 10.6 0.57%

09 Sep - close price

fmecinternational.com, www.f-mecinternational.com BSE: 539552

About

Dhvija Finance Ltd (formerly F Mec
International Financial Services Ltd)
is an RBI-registered, non-deposit-taking
NBFC providing digitally originated retail,
salary-linked and small-business credit
to salaried individuals, MSMEs and other underserved urban/semi-urban borrowers.^[1]

Key Points

Business transition:^[1]
Incorporated in 1993, the company historically described itself as a financing /consultancy
and allied financial-services business. Currently, it is predominantly a technology-led lender In FY26, there were no sale-of-services or share-trading revenue**, versus such income in FY25.

Website BSE

Market Cap ₹ 52.0 Cr.
Current Price ₹ 10.6
High / Low ₹ 25.6 / 10.4
Stock P/E 10.3
Book Value ₹ 3.29
Dividend Yield 0.00 %
ROCE 16.9 %
ROE 14.7 %
Face Value ₹ 2.00

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Pros

Company is expected to give good quarter
Company has delivered good profit growth of 113% CAGR over last 5 years

Cons

Stock is trading at 3.24 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 36.9%
Company has a low return on equity of 12.8% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0.36	0.45	0.86	2.07	1.46	1.69	1.76	1.74	1.97	2.17	2.56	4.11	8.02
Interest	0.00	0.02	0.02	0.03	0.05	0.15	0.26	0.36	0.39	0.37	0.38	0.34	0.43
	0.23	0.21	0.32	1.87	0.97	0.78	0.89	0.94	1.09	1.23	1.34	2.72	3.33
Financing Profit	0.13	0.22	0.52	0.17	0.44	0.76	0.61	0.44	0.49	0.57	0.84	1.05	4.26
Financing Margin %	36.11%	48.89%	60.47%	8.21%	30.14%	44.97%	34.66%	25.29%	24.87%	26.27%	32.81%	25.55%	53.12%
	0.00	0.01	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.22	0.03	0.00
Depreciation	0.01	0.01	0.01	0.01	0.00	0.00	0.02	0.06	0.05	0.05	0.05	0.05	0.04
Profit before tax	0.12	0.22	0.51	0.17	0.45	0.76	0.59	0.38	0.44	0.52	1.01	1.03	4.22
Tax %	0.00%	27.27%	25.49%	29.41%	24.44%	25.00%	25.42%	26.32%	25.00%	25.00%	27.72%	26.21%	25.36%
	0.13	0.17	0.38	0.13	0.34	0.56	0.44	0.28	0.33	0.39	0.73	0.76	3.16
EPS in Rs	0.08	0.03	0.08	0.03	0.07	0.11	0.09	0.06	0.07	0.08	0.15	0.16	0.65
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0.08	0.26	0.51	0.51	1.25	0.88	0.52	0.54	1.05	3.74	6.64	10.85	16.86
Interest	0.00	0.00	0.00	0.00	1.00	0.00	0.04	0.03	0.09	0.13	0.86	1.54	1.52
	0.07	0.25	0.47	0.46	0.19	0.76	0.39	0.35	0.64	2.56	3.53	6.33	8.62
Financing Profit	0.01	0.01	0.04	0.05	0.06	0.12	0.09	0.16	0.32	1.05	2.25	2.98	6.72
Financing Margin %	12.50%	3.85%	7.84%	9.80%	4.80%	13.64%	17.31%	29.63%	30.48%	28.07%	33.89%	27.47%	39.86%
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.01	0.00	0.22	0.25
Depreciation	0.00	0.00	0.00	0.00	0.01	0.02	0.02	0.02	0.02	0.02	0.08	0.21	0.19
Profit before tax	0.01	0.01	0.04	0.05	0.05	0.10	0.07	0.14	0.34	1.04	2.17	2.99	6.78
Tax %	0.00%	0.00%	25.00%	40.00%	20.00%	30.00%	28.57%	28.57%	26.47%	25.00%	25.35%	25.75%
	0.01	0.01	0.03	0.02	0.04	0.07	0.05	0.10	0.25	0.78	1.62	2.21	5.04
EPS in Rs	0.01	0.01	0.02	0.01	0.02	0.04	0.03	0.06	0.15	0.16	0.33	0.45	1.04
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	45%
5 Years:	84%
3 Years:	118%
TTM:	135%

Compounded Profit Growth
10 Years:	72%
5 Years:	113%
3 Years:	107%
TTM:	213%

Stock Price CAGR
10 Years:	34%
5 Years:	%
3 Years:	5%
1 Year:	-55%

Return on Equity
10 Years:	9%
5 Years:	12%
3 Years:	13%
Last Year:	15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3.10	3.10	3.10	3.10	3.10	3.10	3.10	3.10	3.10	8.89	8.89	8.89
Reserves	0.01	0.02	0.04	0.07	0.10	0.18	0.23	0.33	0.57	3.38	5.00	7.21
Borrowing	0.00	0.10	0.01	0.00	13.15	1.47	0.64	0.85	1.61	2.10	12.35	11.14
	0.03	0.07	0.09	0.12	0.13	0.13	0.15	0.13	0.20	0.59	1.17	1.98
Total Liabilities	3.14	3.29	3.24	3.29	16.48	4.88	4.12	4.41	5.48	14.96	27.41	29.22
	0.00	0.00	0.00	0.02	0.01	0.07	0.05	0.06	0.04	0.01	0.66	0.46
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.10
Investments	0.93	0.84	0.84	0.83	0.83	0.21	0.31	0.21	0.00	0.00	0.00	0.00
	2.21	2.45	2.40	2.44	15.64	4.60	3.76	4.14	5.44	14.95	26.75	28.66
Total Assets	3.14	3.29	3.24	3.29	16.48	4.88	4.12	4.41	5.48	14.96	27.41	29.22

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0.17	0.03	0.03	0.07	-14.40	10.47	1.31	-1.05	-1.34	-9.07	-12.87	-6.46
	0.17	-0.14	0.12	-0.06	1.25	1.27	0.29	0.35	0.78	1.61	3.82	8.12
	0.00	0.10	-0.09	-0.01	13.16	-11.69	-0.87	0.19	0.67	8.21	9.42	-2.69
Net Cash Flow	-0.01	-0.02	0.07	-0.01	0.01	0.04	0.73	-0.51	0.11	0.75	0.37	-1.02
Free Cash Flow	-0.17	0.03	0.03	0.05	-14.40	10.39	1.31	-1.08	-1.35	-9.07	-13.60	-6.56
CFO/OP	-1,700%	300%	75%	160%	-1,358%	8,750%	1,023%	-532%	-305%	-747%	-396%	-125%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	0.32%	0.32%	0.96%	0.63%	1.26%	2.16%	1.51%	2.96%	7.04%	9.79%	12.39%	14.74%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Total Net Advances (Loan Book)
INR Lakhs

xxx.xx	xxx.xx	xxx.xx	x,xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	x,xxx.xx	x,xxx.xx
						xxx.xx	xxx.xx	x,xxx.xx	x,xxx.xx
						xx.xx	xx.xx	xxx.xx	x,xxx.xx
								xxx.xx	xxx.xx

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Assets Under Management (AUM)
INR Lakhs

Digital Lending Portfolio
INR Lakhs

Loans Repayable on Demand
INR Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

10 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	33.29%	33.29%	36.91%	36.91%	36.91%	36.91%	36.91%	36.91%	36.91%	36.91%	36.91%	36.91%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%
	66.71%	66.72%	63.10%	63.08%	63.10%	63.09%	63.10%	63.10%	63.09%	63.10%	63.07%	63.09%
No. of Shareholders	476	583	649	701	773	976	974	1,089	1,174	1,205	1,231	4,521

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	11.78%	33.29%	33.29%	33.29%	33.29%	33.29%	33.29%	36.91%	36.91%	36.91%	36.91%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.00%
	88.22%	66.71%	66.71%	66.71%	66.71%	66.71%	66.70%	63.10%	63.10%	63.07%	63.09%
No. of Shareholders	521	515	418	419	428	441	443	649	974	1,231	4,521

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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DHVIJA FINANCE LIMITED

DHVIJA FINANCE LIMITED

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports