MarketFriction

V B Desai Financial Services Ltd

BSE 511110 · Other Financial Services
₹17.40 -4.92%
BSE close2026-10-01
Market cap₹8.34 Cr.
P/E8.69

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.500.771.040.770.730.620.710.960.680.570.621.08
Expenses0.470.710.820.650.650.570.680.960.640.550.610.92
Operating Profit0.030.060.220.120.080.050.030.000.040.020.010.16
OPM %6.00%7.79%21.15%15.58%10.96%8.06%4.23%0.00%5.88%3.51%1.61%14.81%
Other Income0.040.050.040.050.050.120.280.270.280.280.270.27
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax0.070.110.260.170.130.170.310.270.320.300.280.43
Tax %28.57%18.18%26.92%29.41%23.08%11.76%35.48%25.93%25.00%26.67%25.00%30.23%
Net Profit0.060.090.190.120.090.140.200.200.240.220.210.29
EPS in Rs0.130.200.420.270.200.310.440.440.530.490.460.64
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1.391.141.332.192.592.142.812.773.303.303.932.95
Expenses1.030.991.211.641.851.842.322.322.682.562.772.72
Operating Profit0.360.150.120.550.740.300.490.450.620.741.160.23
OPM %25.90%13.16%9.02%25.11%28.57%14.02%17.44%16.25%18.79%22.42%29.52%7.80%
Other Income0.010.020.130.000.000.020.000.000.000.030.011.10
Interest0.000.010.000.000.000.000.000.000.000.000.000.00
Depreciation0.030.030.030.030.020.010.010.010.000.000.010.00
Profit before tax0.340.130.220.520.720.310.480.440.620.771.161.33
Tax %20.59%-7.69%63.64%11.54%16.67%38.71%27.08%29.55%24.19%27.27%25.86%
Net Profit0.270.140.080.450.590.190.360.310.470.560.870.96
EPS in Rs0.600.310.180.991.300.420.800.681.041.241.922.12
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%13%12%-2%
Compounded Profit Growth12%36%41%52%
Stock Price CAGR8%18%23%-35%
Return on Equity4%5%5%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4.544.544.544.544.544.544.544.544.544.544.544.54
Reserves4.224.494.614.665.035.625.816.176.486.957.518.38
Borrowings0.000.070.000.000.000.000.000.000.000.000.000.00
Other Liabilities0.230.230.400.460.590.530.510.590.560.700.580.58
Total Liabilities8.999.339.559.6610.1610.6910.8611.3011.5812.1912.6313.50
Fixed Assets0.160.130.100.070.050.020.010.010.000.000.040.04
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments3.293.313.445.447.928.228.218.548.678.670.130.26
Other Assets5.545.896.014.152.192.452.642.752.913.5212.4613.20
Total Assets8.999.339.559.6610.1610.6910.8611.3011.5812.1912.6313.50
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.620.25-0.131.772.35-0.07-0.020.44-0.130.32-8.310.26
Cash from Investing Activity-0.89-0.02-0.01-1.99-2.290.050.00-0.320.000.008.49-0.12
Cash from Financing Activity0.000.07-0.090.000.000.000.000.000.000.000.000.00
Net Cash Flow-0.280.30-0.23-0.220.06-0.01-0.020.11-0.130.320.170.14
Free Cash Flow0.620.25-0.131.772.34-0.07-0.020.44-0.130.32-8.350.25
CFO/OP192%92%-60%1,617%460%18%43%122%-20%77%-1,103%53%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days17.3826.2635.2232.9326.6725.3723.8835.0750.0747.5632.0829.72
Inventory Days
Days Payable
Cash Conversion Cycle17.3826.2635.2232.9326.6725.3723.8835.0750.0747.5632.0829.72
Working Capital Days107.1855.1460.8321.958.3363.4276.7512.9931.6221.0285.17140.24
ROCE %4.08%3.81%1.53%2.40%5.54%7.30%3.02%4.56%4.05%5.51%6.54%9.29%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters42.27%42.27%42.27%42.27%42.27%42.27%42.27%42.27%42.27%42.27%42.27%42.27%
FIIs1.11%1.11%1.11%1.11%1.11%0.99%0.99%0.94%0.94%0.94%0.94%0.94%
Public56.62%56.62%56.61%56.62%56.63%56.75%56.73%56.80%56.80%56.80%56.80%56.81%
No. of Shareholders4,8194,8564,8724,8274,8544,9414,9234,8954,9204,9004,9054,886

Fundamentals

Market Cap₹ 8.34 Cr.
Current Price₹ 18.4
Stock P/E8.69
Book Value₹ 28.5
ROCE9.29 %
ROE6.97 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)52%
Standalone figures.
Valuation
Market capRs 8 Cr
Enterprise valueRs 7 Cr
P/E (TTM)8.24x
Price to book0.61x
Price to sales2.68x
EV / EBITDA5.37x
EV / EBIT5.41x
EV / sales2.44x
Price to cash flow30.42x
Earnings yield12.14%
P/E, 3-year average2172.50x
P/B, 3-year average88.98x
P/E, 5-year average3578.93x
P/B, 5-year average124.30x
Profitability
Operating margin (excl. other income)29.52%
Operating margin (incl. other income)29.77%
EBITDA margin45.42%
Pre-tax margin45.08%
Net profit margin32.54%
Net margin, latest quarter26.85%
ROE6.97%
ROCE9.29%
ROA6.66%
ROE, 3-year average5.30%
ROCE, 3-year average7.11%
ROA, 3-year average5.04%
ROE, 5-year average4.43%
ROCE, 5-year average5.99%
ROA, 5-year average4.22%
ROIC (approx.)8.08%
Tax rate25.86%
Other income / net worth0.08%
Growth
Sales growth (latest year)19.09%
Profit growth (latest year)55.36%
Sales CAGR, 3 years12.37%
Sales CAGR, 5 years12.93%
Profit CAGR, 3 years41.05%
Profit CAGR, 5 years35.57%
Sales growth QoQ74.19%
Profit growth QoQ38.10%
Sales growth YoY (latest quarter)12.50%
Profit growth YoY (latest quarter)45.00%
Per share
EPS (TTM)Rs 2.11
EPS (latest year)Rs 1.91
EPS (latest quarter)Rs 0.64
EPS, 3-year averageRs 1.05
EPS, 5-year averageRs 0.63
Book value per shareRs 28.42
Sales per shareRs 6.49
Cash flow per shareRs 0.57
Free cash flow per shareRs 0.55
Efficiency
Asset turnover0.29x
Fixed asset turnover98.25x
Inventory turnover0.00x
Debtor days30 days
Debtors turnover12.28x
Cash conversion cycle30 days
Working capital days140 days
Leverage
Cash and bankRs 1 Cr
Net debtRs -1 Cr
Net debt / EBITDA-0.54x
Owners' fund to total sources95.70%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
Cash from ops / profit, 5 years-2.89x
Sales to cash flow15.12x
Statement figures
Net sales (TTM)Rs 3 Cr
Net sales (latest year)Rs 4 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 3 Cr
Total income (latest year)Rs 4 Cr
Share capitalRs 5 Cr
ReservesRs 8 Cr
Shareholders' fundsRs 13 Cr
Total assetsRs 14 Cr
Net blockRs 0 Cr
InvestmentsRs 0 Cr
ReceivablesRs 0 Cr
InventoryRs 0 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.45
Ownership
Promoter holding42.27% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.2 is at the 22th percentile of its own 9.4-year range (median 17.4, low 2.2, high 65.1).
P/B 0.61 is at the 66th percentile (median 0.49).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period511110Nifty 50Difference
1 week+2.5%-2.8% +5.3 pts
1 month-7.2%-6.8% -0.5 pts
3 months+12.3%-7.6% +19.9 pts
3 years+75.8%+14.2% +61.6 pts
5 years+130.2%+27.9% +102.3 pts

Red flags

F-score 7 of 8
explainWeak cash conversion Cash from operations was -407% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1 Cr +12.5% vs Jun 2025. Net profit ₹0 Cr +45.0%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of V B Desai Financial Services Ltd?

V B Desai Financial Services Ltd (511110) has a market capitalisation of Rs 8.34 Cr. at the 2026-10-01 close.

What is the P/E ratio of V B Desai Financial Services Ltd?

V B Desai Financial Services Ltd trades at a P/E of 8.69 on trailing twelve-month profit, at the 2026-10-01 close.

What were V B Desai Financial Services Ltd's latest quarterly results?

In the Jun 2026 quarter, V B Desai Financial Services Ltd sales was Rs 1 Cr (+12.5% vs Jun 2025) and net profit was Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03