Digvijay Finlease Limited Unlisted Shares

DIGVIJAY FINLEASE LTD

Digvijay finlease ltd’s portfolio and holdings
Digvijay Finlease Limited is a Non-govt company, incorporated on 05 Nov, 1970. It’s a public unlisted company and is classified as ‘company limited by shares’.
Company’s authorized capital stands at Rs 1500.0 lakhs and has 69.625946% paid-up capital which is Rs 1044.39 lakhs. Digvijay Finlease Limited last annual general meet (AGM) happened on 23 Sep, 1970. The company last updated its financials on 31 Mar, 1970 as per Ministry of Corporate Affairs (MCA).
Digvijay Finlease Limited is majorly in Finance business from last 48 years and currently, company operations are active. Current board members & directors are BABULAL SURANA, ASHOK BHANDARI, SUDIP KUMAR MUKHERJEE, DEVENDRA TRIPATHI and RAMNARAIN MUNDHRA .

Company is registered in Kolkata (West Bengal) Registrar Office. Digvijay Finlease Limited registered address is 21 STRAND ROAD KOLKATA WB 700001 IN.
Note: As per Current Record the Corporate shareholdings filed for September 30, 2018, carry 1 stocks with a networth of over Rs. 6,932.4 Cr.
All these shares held by as per the corporate filings. The latest quarter tends have to missing data since not all companies may have reported their shareholding data still now.

It is an NBFC( Non-Banking Financial Service) registered with RBI. However, their main source of revenue is:

Selling of long-term and short-term investments.

The second source of income is dividends from above short-term and long-term investments and interest of loans given to the companies.

Total Revenue of Digvijay Finlease

Particulars(Lakhs)	2020	2019	2018	2017
Income from FD	8	17	24	23
Income from loans	77	442	302	28
Selling Investment	45	62	627	7744
Dividend Income	6753	2635	2054	5038

As of 31.03.2019, the company has total outstanding shares of 132,594,20 up by 28,15,528 shares as compared to the last year. In FY18-19, the company had issued 28,15,528 new shares to the shareholders upon the following action on the verdict by NCLT on 11.10.2018, Kolkata Bench.

“Amalgamation of Arham Securities Pvt. Ltd. (Transferor Company) with the Company as per the Scheme of Amalgamation sanctioned by the Hon’ble National Company Law Tribunal, Kolkata Bench as reported in the last Annual Report and 23192 equity shares held by the transferor company in the Company have been canceled as per the sanctioned scheme”

Digvijay Finlease Unlisted Shares Details:

Total Available Shares:	Not Available
Face Value:	₹ 10 Per Equity Share
ISIN:	INE01US01017
Lot Size:	50 Shares
Current Unlisted Share Price:	₹ Best in Industry Per Equity Share

Promoters And Management:

(i) Ashok Bhandari (ii) Ravi Goenka – Independent Director. (iii) Sudip Kumar Mukherjee – Independent Director (iv) Devendra Tripathi

Shareholding Pattern:

Prominent Shareholders( as on 31.03.2020)	No. of Shares	%
LIC	210310	1.59%
United India Insurance	128485	0.97%
The Orient Insurance Co. Ltd.	27930	0.21%
The New India Assurance Co. Ltd.	27805	0.21%
National Insurance Co. Ltd	27175	0.20%

Digvijay Finlease Limited Annual Report 2020

Digvijay Finlease Limited Details

CIN	U67120WB2001PLC093899
Date of Incorporation	05 Nov, 1970
Status	Active
Company Category	Company limited by Shares
Company Sub-category	Non-govt company
Company Class	Public
Business Activity	Finance
Authorized Capital	1500.0 lakhs
Paid-up Capital	1044.39 lakhs
Paid-up Capital %	69.625946

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Digvijay Finlease Share Price & Unlisted Share – Company Overview

Digvijay Finlease Limited is a public unlisted company, limited by share incorporated on 1st May, 1992 and domiciled in India. The Company is carrying on business as a “Non-Banking Financial Company” (NBFC). The Company is engaged mainly in investment in shares in securities & financial activity.The company is an investment-oriented company and its main source of income are buying and selling of long-term or short-term investments, dividend income. Digvijay Finlease Limited makes investments in both Quoted and Unquoted securities and also in mutual funds.

Digvijay Finlease Share Price Details as of March 31, 2022

Digvijay Finlease Outstanding Shares:	13,259,420
Face Value of Digvijay Finlease Unlisted Share:	Rs. 10 Per Equity Share
ISIN of Digvijay Finlease Unlisted Share:	INE01US01017
Lot Size of Digvijay Finlease Unlisted Share:	30 Shares
Digvijay Finlease Share Price:	Best in Industry
PAN Number of Digvijay Finlease:	AAACD6998D

Incorporation Details of Digvijay Finlease

CIN of Digvijay Finlease	U67120WB2001PLC093899
Registration date of Digvijay Finlease	1st May 1992
Category/Sub-category of Digvijay Finlease	Company Limited by Shares
Address of the Registered office and contact details of Digvijay Finlease	21 Strand Road, Kolkata-700 001 Tel: 033-22309601-03
Digvijay Finlease Registrar and Transfer Agent	Maheshwari Datamatics Pvt. Ltd. 23, R.N. Mukherjee Road, 5th Floor, Kolkata – 700 001 Tel: 033-2243 5029, 2248 2248

Principal Business Activities of Digvijay Finlease

Name and Description of main products/services	NIC Code of the product/service	% to total turnover of the Company
NBFC Activity	9971	99.78%

Board of Directors of Digvijay Finlease

Ashok Bhandari, Director

Ravi Goenka, Independent Director

Sudip Kumar Mukherjee, Independent Director

Gourav Periwal, Director

Particulars of Subsidiary and Associate Companies of Digvijay Finlease

Digvijay Finlease Limited does not have any subsidiary or associate company.

Shareholding Pattern of Digvijay Finlease Limited (as of 31-03-2022)

S. No.	Shareholder’s Category	No. of Shares	% of total Shares of the company
1.	Promoters Group	1,22,15,505	92.13%
2.	Others	10,43,915	7.87%
	Total	1,32,59,420	100%

Digvijay Finlease Limited Balance Sheet (Rs in Lakhs)

Particulars	31-03-2023	31-03-2022
Assets
Financial assets
Cash and cash equivalents	48.19	126.52
Bank balances other than Cash and cash equivalents	3.84	2184.00
Loans	189.98	1743.00
Investments	1221303.11	1093145.06
Other financial assets	54.90	126.64
Non-financial assets
Current tax assets (Net)	63.14	63.14
Property, plant & equipment	519.20	519.20
Other non-financial assets	0.44	1.31
Total assets	12,22,182.80	10,97,908.87
Financial liabilities
Trade payables
Total outstanding dues of creditors other than micro enterprises and small enterprises	35.82	–
Other financial liabilities	6.14	8.22
Non-financial liabilities
Current tax liabilities (Net)	40.76	39.38
Provisions	18.92	15.27
Deferred tax liability (net)	52367.40	34807.21
Other non-financial liabilities	0.68	0.79
Equity and liabilities
Equity share capital	1,325.94	1,325.94
Other equity	11,68,387.14	10,61,712.06
Total equity and liabilities	12,22,182.80	10,97,908.87

Digvijay Finlease Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2023	31-03-2022
Interest Income	138.89	578.86
Dividend Income	4383.32	4723.37
Net gain on fair value changes	41.88	518.55
Total revenue from operations	4,564.09	5,820.78
Other income	14.96	54.80
Total income	4,579.05	5,875.58
Employee benefits expense	58.27	50.35
Depreciation and amortisation expense	–	0.01
Other expenses	321.37	265.46
Total expenses	379.64	315.82
Profit / (Loss) before tax	4,199.41	5,559.76
Current tax	1120.00	1378.12
Deferred tax	12.84	275.82
Profit/ (Loss) for the period	3,066.57	3,905.82
Other comprehensive income
Items that will not be reclassified to profit or loss
Re-measurement of defined benefit plans	-0.47	0.12
Tax impact on above	0.12	-0.03
Changes in fair valuation of equity instruments	121076.37	-215069.55
Tax impact on above	-17542.15	24087.31
Items that will be reclassified to profit or loss
Changes in fair valuation of bonds/debts instruments	79.97	144.95
Tax impact on above	-4.62	108.09
Other comprehensive income for the period	103608.52	-190729.11
Total comprehensive income for the period	1,06,675.09	-1,86,823.29
Profit for the year attributable to:
Earnings per equity share
Basic & diluted	23.13	29.46

Digvijay Finlease Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2023	31-03-2022
Cash flow from operating activities
Profit/(Loss) before tax	4199.41	5559.76
Adjustments for:
Depreciation	–	0.01
Impairment for loss recovery	-7.52	-50.00
Provision for standard assets	-7.44	-0.05
Provision for expected credit loss	0.81	14.95
Net (gain)/loss on fair value changes of Investment	-41.88	-518.55
Operating profit before working capital changes	4,143.38	5,006.12
Adjustments for :
(Increase)/Decrease in other financial assets	71.75	38.76
(Increase)/Decrease in loan	1567.16	-1700.90
(Increase)/Decrease in other non-financial assets	0.87	1.28
Increase/(Decrease) in other financial liabilities	-2.08	2.22
Increase/(Decrease) in Provisions	3.19	1.90
Increase/(Decrease) in trade payables	35.02	–
Increase/(Decrease) in other non-financial liabilities	-0.11	0.30
Cash generated from operations	5,819.98	3,349.49
Income taxes refund (net)	-1118.62	-1844.89
Net cash generated from/ (used in) operating activities	4,701.36	1,504.60
Cash flow from investing activities
Sale proceeds from investment	32200.23	13200
Purchase of Investments	-39220.08	-30479.83
Investment in fixed deposits	2180.16	15856.89
Net cash generated from/ (used in) investing activities	-4,779.69	-1,413.05
Net increase/(decrease) in cash and cash equivalents (A+B+C)	-78.33	91.55
Cash and cash equivalents at the beginning of the year	126.52	34.97
Cash and cash equivalents at the end of year	48.19	126.52

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Profit/(Loss) Before Tax

31-03-2023: 4,199.41 / 31-03-2022: 5,559.76 The profit before tax decreased from 2022 to 2023, indicating a reduction in pre-tax earnings.

Adjustments for Non-Cash and Other Items

These adjustments reconcile net income to the cash generated or used in operations, accounting for items that affect reported profits but not cash.

Depreciation

31-03-2023: – / 31-03-2022: 0.01 Minimal depreciation in 2022 and none in 2023.

Impairment for Loss Recovery

31-03-2023: -7.52 / 31-03-2022: -50.00 Impairment losses were higher in 2022 compared to 2023.

Provision for Standard Assets

31-03-2023: -7.44 / 31-03-2022: -0.05 Slightly higher provision for standard assets in 2023.

Provision for Expected Credit Loss

31-03-2023: 0.81 / 31-03-2022: 14.95 Higher provision for expected credit loss in 2022.

Net (Gain)/Loss on Fair Value Changes of Investment

31-03-2023: -41.88 / 31-03-2022: -518.55 Higher fair value gains in 2022 compared to 2023.

Operating Profit Before Working Capital Changes

31-03-2023: 4,143.38 / 31-03-2022: 5,006.12 Operating profit decreased from 2022 to 2023.

Changes in Working Capital

Changes in working capital reflect the movement in current assets and liabilities affecting cash flow.

Adjustments for Increase / Decrease in Operating Assets

(Increase)/Decrease in Other Financial Assets

31-03-2023: 71.75 / 31-03-2022: 38.76 Increase in other financial assets contributed positively to cash flow in both years, with a higher increase in 2023.

(Increase)/Decrease in Loan

31-03-2023: 1,567.16 / 31-03-2022: -1,700.90 Significant decrease in loan in 2023, contributing positively to cash flow, whereas 2022 saw an increase in loans.

(Increase)/Decrease in Other Non-Financial Assets

31-03-2023: 0.87 / 31-03-2022: 1.28 Slight increase in other non-financial assets in both years.

Adjustments for Increase / Decrease in Operating Liabilities

Increase/(Decrease) in Other Financial Liabilities

31-03-2023: -2.08 / 31-03-2022: 2.22 Decrease in other financial liabilities in 2023 compared to an increase in 2022.

Increase/(Decrease) in Provisions

31-03-2023: 3.19 / 31-03-2022: 1.90 Increase in provisions in both years, higher in 2023.

Increase/(Decrease) in Trade Payables

31-03-2023: 35.02 / 31-03-2022: – Increase in trade payables in 2023.

Increase/(Decrease) in Other Non-Financial Liabilities

31-03-2023: -0.11 / 31-03-2022: 0.30 Decrease in 2023 compared to an increase in 2022.

Cash Generated from Operations

31-03-2023: 5,819.98 / 31-03-2022: 3,349.49 Significant increase in cash generated from operations in 2023 compared to 2022.

Income Taxes Refund (Net)

31-03-2023: -1,118.62 / 31-03-2022: -1,844.89 Higher tax refunds in 2022 compared to 2023.

Net Cash Generated from / (Used in) Operating Activities

31-03-2023: 4,701.36 / 31-03-2022: 1,504.60 Higher net cash inflow from operating activities in 2023 compared to 2022.

Cash Flows from Investing Activities

Sale Proceeds from Investment

31-03-2023: 32,200.23 / 31-03-2022: 13,200 Significant increase in sale proceeds from investments in 2023.

Purchase of Investments

31-03-2023: -39,220.08 / 31-03-2022: -30,479.83 Higher purchases of investments in 2023.

Investment in Fixed Deposits

31-03-2023: 2,180.16 / 31-03-2022: 15,856.89 Significant decrease in investment in fixed deposits in 2023 compared to 2022.

Net Cash Generated from / (Used in) Investing Activities

31-03-2023: -4,779.69 / 31-03-2022: -1,413.05 Higher net cash outflow from investing activities in 2023 compared to 2022.

Net Increase / (Decrease) in Cash and Cash Equivalents (A+B+C)

Net Increase / (Decrease) in Cash and Cash Equivalents

31-03-2023: -78.33 / 31-03-2022: 91.55 Net decrease in cash and cash equivalents in 2023 compared to an increase in 2022.

Cash and Cash Equivalents at the Beginning of the Year

31-03-2023: 126.52 / 31-03-2022: 34.97 Higher beginning balance in 2023.

Cash and Cash Equivalents at the End of Year

31-03-2023: 48.19 / 31-03-2022: 126.52 Lower ending balance in 2023 compared to 2022, indicating a decrease in cash reserves.

Financial Ratios of Digvijay Finlease Limited

Particulars	2023	2022
Capital to risk weighted assets ratio (CRAR)	102.87%	118.62%
Tier I CRAR	102.87%	118.62%
Liquidity coverage ratio	124.80%	1416.22%

Here is a summary of the financial and operational metrics for Digvijay Finlease Limited for the year 2023 & 2022:

Capital to Risk-Weighted Assets Ratio (CRAR)

2023: 102.87%

2022: 118.62%

Insight: The CRAR has decreased from 118.62% in 2022 to 102.87% in 2023. Although there is a decline, the ratio remains exceptionally high. A CRAR above 100% indicates that the company is extremely well-capitalized, far exceeding regulatory requirements. This suggests a very strong capital base relative to the risks the company is taking on.

Tier I CRAR

2023: 102.87%

2022: 118.62%

Insight: The Tier I CRAR, which focuses on the core capital of the company, mirrors the overall CRAR values, indicating that the high capital adequacy is primarily due to strong core capital. The decline suggests a slight decrease in this core capital relative to risk-weighted assets but remains robust.

Liquidity Coverage Ratio

2023: 124.80%

2022: 1416.22%

Insight: The liquidity coverage ratio (LCR) has significantly decreased from 1416.22% in 2022 to 124.80% in 2023. The drastic reduction suggests a substantial change in the company’s liquidity position. Despite the decrease, an LCR of 124.80% is still well above the minimum regulatory requirement of 100%, indicating that the company maintains more than sufficient high-quality liquid assets to meet its short-term obligations.

Dividend History

Particulars	2023	2022
Dividend Per Share (in Rs.)	–	–
Retained Earnings (Rs. In Lakhs)	36,331.30	34,964.92

Digvijay Finlease Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2023 and 2022 is not provided, Dividend per share represents the portion of a company’s earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2023 amounted to Rs. 36,331.30 Lakhs, while in 2023, they were Rs. 34,964.92 Lakhs. Retained earnings represent the portion of a company’s profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company’s financial health and performance.

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