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:
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.
