NDL Ventures Ltd
Incorporated in 1985, NDL Ventures provides Financial services, except insurance and pension funding[1]
- Market Cap ₹ 373 Cr.
- Current Price ₹ 111
- High / Low ₹ 140 / 82.0
- Stock P/E 497
- Book Value ₹ 17.6
- Dividend Yield 0.45 %
- ROCE 2.04 %
- ROE 1.53 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 226%
Cons
- Stock is trading at 6.30 times its book value
- Company has a low return on equity of 1.67% over last 3 years.
- Earnings include an other income of Rs.5.00 Cr.
* 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
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 110.43 | 332.47 | 201.74 | 252.88 | 597.92 | 813.58 | 694.74 | 69.30 | 0.00 | 4.61 | 4.20 | 4.04 | 0.00 | |
| Sales growth | +3.76% | +201.07% | -39.32% | +25.35% | +136.44% | +36.07% | -14.61% | -90.03% | -100.00% | -8.89% | -3.81% | ||
| 15.66 | 168.67 | 27.92 | 31.64 | 855.80 | 885.29 | 546.74 | 26.08 | 2.25 | 4.10 | 3.90 | 3.68 | 3.98 | |
| Operating Profit | 94.77 | 163.80 | 173.82 | 221.24 | -257.88 | -71.71 | 148.00 | 43.22 | -2.25 | 0.51 | 0.30 | 0.36 | -3.98 |
| OPM % | 85.82% | 49.27% | 86.16% | 87.49% | -43.13% | -8.81% | 21.30% | 62.37% | 11.06% | 7.14% | 8.91% | ||
| 0.01 | 0.02 | 1.64 | 0.68 | 20.66 | 156.06 | 15.12 | -132.21 | 2.52 | 1.29 | 0.74 | 0.86 | 5.00 | |
| Interest | 0.00 | 38.39 | 45.92 | 50.73 | 109.45 | 121.10 | 133.83 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 1.46 | 1.32 | 1.19 | 4.39 | 156.94 | 184.17 | 178.53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 93.32 | 124.11 | 128.35 | 166.80 | -503.61 | -220.92 | -149.24 | -88.99 | 0.27 | 1.80 | 1.04 | 1.22 | 1.02 |
| Tax % | 0.78% | 18.95% | 19.82% | 41.81% | 1.19% | -47.18% | -64.82% | 0.00% | 0.00% | 10.56% | 42.31% | 26.23% | |
| 92.59 | 100.59 | 102.91 | 97.05 | -509.60 | -116.70 | -52.50 | -88.99 | 0.27 | 1.62 | 0.59 | 0.91 | 0.75 | |
| EPS in Rs | 39.74 | 43.17 | 44.17 | 41.65 | -218.71 | -50.09 | -19.30 | -26.41 | 0.08 | 0.48 | 0.18 | 0.27 | 0.22 |
| Dividend Payout % | 33.31% | 35.77% | 34.96% | 37.07% | -7.06% | -8.81% | -18.32% | -15.13% | 2,494.07% | 207.84% | 285.34% | 185.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -36% |
| 5 Years: | -64% |
| 3 Years: | % |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -38% |
| 5 Years: | 15% |
| 3 Years: | 50% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 12% |
| 3 Years: | -9% |
| 1 Year: | 25% |
| Return on Equity | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | 11% |
| 3 Years: | 2% |
| Last Year: | 2% |
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 | 20.56 | 20.56 | 20.56 | 20.56 | 20.56 | 20.56 | 24.05 | 33.67 | 33.67 | 33.67 | 33.67 | 33.67 |
| Reserves | 796.34 | 905.00 | 1,007.79 | 2,014.56 | 641.50 | 275.71 | 209.14 | 47.43 | 34.22 | 29.09 | 26.38 | 25.62 |
| 0.00 | 435.20 | 381.33 | 744.82 | 1,203.53 | 1,065.54 | 1,020.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 42.97 | 105.73 | 7.09 | 312.36 | 747.82 | 532.92 | 432.36 | 1.48 | 12.66 | 6.16 | 6.35 | 5.86 | |
| Total Liabilities | 859.87 | 1,466.49 | 1,416.77 | 3,092.30 | 2,613.41 | 1,894.73 | 1,685.86 | 82.58 | 80.55 | 68.92 | 66.40 | 65.15 |
| 14.05 | 12.91 | 11.73 | 237.39 | 891.17 | 906.16 | 837.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 24.60 | 13.12 | 5.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 629.12 | 613.79 | 434.00 | 2,569.25 | 1,270.54 | 348.57 | 349.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 216.70 | 839.79 | 971.04 | 285.66 | 427.10 | 626.88 | 494.20 | 82.58 | 80.55 | 68.92 | 66.40 | 65.15 | |
| Total Assets | 859.87 | 1,466.49 | 1,416.77 | 3,092.30 | 2,613.41 | 1,894.73 | 1,685.86 | 82.58 | 80.55 | 68.92 | 66.40 | 65.15 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.27 | -3.80 | -129.04 | -73.05 | -173.19 | 225.36 | 121.18 | 34.40 | 74.87 | -10.73 | -4.21 | -4.68 | |
| 28.10 | 67.87 | 230.65 | 20.52 | 29.01 | 186.95 | 48.92 | -187.75 | -54.00 | 10.20 | 7.67 | 6.82 | |
| -36.05 | -60.42 | -100.59 | 42.92 | 133.55 | -420.54 | -178.53 | 147.51 | -13.47 | -6.73 | -3.37 | -1.68 | |
| Net Cash Flow | 0.33 | 3.64 | 1.03 | -9.62 | -10.63 | -8.23 | -8.43 | -5.83 | 7.40 | -7.26 | 0.09 | 0.45 |
| Free Cash Flow | 7.05 | -3.98 | -129.05 | -268.12 | -291.13 | 38.89 | 67.32 | -91.07 | 74.87 | -10.73 | -4.21 | -4.68 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 30% | 13% | -62% | -10% | 36% | -330% | 77% | 100% | -3,344% | -2,000% | -1,240% | -1,300% |
Ratios
Standalone / 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.30 | 99.88 | 4.56 | 8.73 | 47.86 | 14.38 | 22.09 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Inventory Days | 1,163.27 | 12,632.22 | 984.36 | 174.24 | ||||||||
| Days Payable | 221.44 | 12.02 | 35.20 | 1.01 | ||||||||
| Cash Conversion Cycle | 0.30 | 1,041.71 | 12,624.76 | 957.89 | 47.86 | 14.38 | 22.09 | 173.22 | 0.00 | 0.00 | 0.00 | |
| Working Capital Days | 350.69 | 512.75 | 1,300.30 | -72.60 | -595.12 | -364.27 | -487.84 | 416.09 | 4,499.56 | 4,640.71 | 4,736.87 | |
| ROCE % | 11.83% | 14.92% | 12.58% | 10.38% | -16.97% | -6.19% | -1.37% | 6.48% | 0.36% | 2.76% | 1.69% | 2.04% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| Broadband Subscribers million |
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| Broadband Exit ARPU ₹ |
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| Broadband Subscriber Acquisition Cost (SAC) ₹ |
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| Cable TV Subscribers million |
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| HITS Subscribers million |
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| 90-day Net Churn % |
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| Digital Video DAS III Exit ARPU ₹ |
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| Same Month Renewal (SMR) % |
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| NXTHUBs (Points of Presence) count |
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Extracted by Screener AI
Documents
Announcements
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Receipt Of Final Order From Hon'Ble NCLT In The Matters Of Merger By Absorption Of Hinduja Leyland Finance Limited Into NDL Ventures Limited
- NCLT approved Hinduja Leyland Finance merger into NDL Ventures on Nov. 3, 2026; 25:10 share swap.
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Reschedulement Of Board Meeting Scheduled To Be Held On November 02,2026
- Board meeting postponed; unaudited Q2 and half-year FY2026 results will be announced later.
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Board Meeting Intimation for Un-Audited Financial Results For Quarter And Half Year Ended September 30,2026
- Board meets on November 2, 2026 to approve Q2 and half-year FY2026 unaudited results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended September 30, 2026.
- Closure of Trading Window
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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May 2022PPT
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Feb 2022PPT
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Nov 2021PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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Jan 2021Transcript PPT
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Dec 2020PPT
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Nov 2020Transcript PPT
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Sep 2020Transcript PPT
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Aug 2020PPT
Business Overview:[1][2]
NDLV used to be the digital media division of Hinduja Global Solutions Ltd and integrated digital delivery platforms group connecting 5mn
customers across India. Currently, their object clause of the Memorandum of Association was altered to include new object clauses to carry on business of financial services