Debut Plus

16.04

-0.32 -1.96%

As of 10 Sept 2026 · delayed

BSE Listed · Finance

ESM · ESM 2
What does ESM · ESM 2 mean?
BSE · Enhanced Surveillance Measure (ESM 2)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-06

Viji Finance Ltd. (537820)

Volume: 5,88,731Avg Vol 1W: 5,29,087Avg Vol 1M: 2,52,07552W Range:1.9717.37
Key Ratios
Checked 6h ago
Market Cap₹371 Cr
Current Price₹16.04
Previous Close₹16.36
High / Low (52w)₹17.37 / ₹1.97
Volume5,88,731
Avg Vol (1W)5,29,087
Avg Vol (1M)2,52,075
Stock P/E1,604
Book Value₹1.99
Dividend Yield0%
ROE-28.54%
ROA8.1%
Revenue (TTM)
Revenue Growth
Profit Margin108.7%
Total Debt₹4,79,000 Cr
Shares Outstanding23 Cr
Face Value₹1
EPS (TTM)₹0.01
P/B8.06
Debt / Equity0.88
50 DMA₹11.58
200 DMA₹5.28
Day change-1.96%
SurveillanceESM · ESM 2
Price Chart
16.04 389.02% · 1Y
17218.9L
2025-09-10
2026-09-10

20-day avg volume: 2.7L shares

Pros
  • Company is almost debt-free.
Cons
  • Stock trades at a high P/E of 1604.
Quarterly Results
MetricMar 2022Jun 2022Sept 2022Dec 2022Mar 2023Jun 2023Sept 2023Dec 2023
Revenue
EBITDA
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS
Profit & Loss (Annual)
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue
EBITDA
Net Profit₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹1 Cr₹2 Cr₹1 Cr
EPS
Balance Sheet
MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Total Assets₹12 Cr₹14 Cr₹15 Cr₹16 Cr₹16 Cr₹17 Cr₹23 Cr₹25 Cr
Total Liabilities₹4 Cr₹4 Cr₹5 Cr₹5 Cr₹5 Cr₹6 Cr₹11 Cr₹13 Cr
Equity₹9 Cr₹10 Cr₹10 Cr₹11 Cr₹11 Cr₹12 Cr₹12 Cr₹12 Cr
Total Debt
Cash Flow
MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Operating₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹-1 Cr₹-2 Cr₹-3 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹-2 Cr₹0 Cr
Financing₹1 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹1 Cr₹5 Cr₹3 Cr
Free Cash Flow₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹-1 Cr₹-2 Cr₹-3 Cr
Shareholding
Promoter 29.68% Institutions 0.15% Public 70.16%
Efficiency & Working Capital
ROCE0.6%
Interest Coverage2.4
Dividend Payout
Debtor Days0 d
Inventory Days0 d
Payable Days70 d
Cash Conversion Cycle-70 d
Working Capital Days0 d
Shareholding Details

As of 2026-08-31

Promoter29.7%
FII0%
DII0.2%
Institutions0.2%
Public70.2%
Promoter Pledge0%
No. of Shareholders58,652
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJul 2024Jul 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Jul 2026Aug 2026
Promoters47.9%47.9%53.7%53.7%53.7%53.7%53.7%53%47.7%39.3%33%29.7%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0.2%0.2%0.2%0.2%
Public52.1%52.1%46.3%46.3%46.3%46.3%46.3%47%52.1%60.5%66.8%70.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders53,55953,55954,02560,65862,71362,99462,79262,15061,97360,31959,51958,652
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603
Major Shareholders (>1%)
NameCategoryStakeShares
Vijay KothariShareholding of Promoter and Promoter Group16.7%3.85 Cr
Shilpa KothariShareholding of Promoter and Promoter Group11.3%2.61 Cr
Manoj Chhaganlal RathodPublic Shareholding4.3%1.00 Cr
Ashik D Sanghvi HufPublic Shareholding3.3%75,00,000
Dhirajlal V Sanghvi HufPublic Shareholding3.3%75,00,000
Kunal D Sanghvi HufPublic Shareholding3.3%75,00,000
Sagar D Sanghvi HufPublic Shareholding3.3%75,00,000
Vishw Jayesh VoraPublic Shareholding2.5%58,47,112
Nimit Manoj RathodPublic Shareholding1.7%40,00,000
Aryaman KothariShareholding of Promoter and Promoter Group1.7%39,76,834
Arunaben Arvindkumar JainPublic Shareholding1.6%36,00,000
Arvindkumar Shantilal JainPublic Shareholding1.6%36,00,000
Ashokkumar Shantilal JainPublic Shareholding1.6%36,00,000
Gautamkumar Shantilal JainPublic Shareholding1.6%36,00,000
Kevina Vanraj JainPublic Shareholding1.6%36,00,000
Madhuben Ashokkumar JainPublic Shareholding1.6%36,00,000
Reetaben Gautamkumar JainPublic Shareholding1.6%36,00,000
Sumita Rahul JainPublic Shareholding1.6%36,00,000
Vandana Ashokbhai JainPublic Shareholding1.6%36,00,000
Jayesh Vaghjibhai VoraPublic Shareholding1.2%27,03,400
Sureshkumar V VoraPublic Shareholding1.2%26,77,200
Board of Directors
NameDesignationYear
Vijay KothariChairman / Executive Director / M D / Promoter2026
Sakshi ChourasiyaIndependent Non Exe. Director2026
Palak MalviyaIndependent Non Exe. Director2026
Ashish VermaNon-Exec & Non-Independent Dir2026
Aryaman KothariWhole Time Director2026
Prakash MuksiyIndependent Non Exe. Director2026
Stuti SinhaCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Financial Services₹0 Cr
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹1301414
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-14Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202600014014
2026000404
2026000404
Substantial Acquisitions (SAST)

1 disclosure(s)

Pref. Allotment24/07/2026 - 27/07/2026 · 1,05,00,000
Company Information
Incorporated1994
ChairmanVijay Kothari
AuditorDharmendra K Agrawal & Co
Investor Email[email protected]
🌐 www.vijifinance.com

📍 11/2 Usha Ganj, Jaora Compound, Indore, Madhya Pradesh, 452001

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