Digvijay Finlease Unlisted Shares

Digvijay Finlease Ltd.
INE01US01017
Listing Status: DRHP Not Filed
only NSDL

About Digvijay Finlease Unlisted Shares
Overview of Digvijay Finlease Unlisted Shares
Business Overview
Digvijay Finlease Limited (DFL) is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) under Chapter IIIB of the RBI Act, 1934. The company’s core operations involve investing in long-term financial instruments, such as equity shares and mutual funds, and granting loans to ensure sustainable growth. DFL operates primarily in the financial services sector, focusing on wealth creation through strategic investments and lending activities. Its market presence is centered in India, with its registered office in Kolkata. The company’s industry positioning is as a systemically important non-deposit-taking NBFC, focusing on long-term investment strategies and loan disbursements to private sector entities and individuals.
Product Portfolio
DFL’s primary products and services include:
Investments in Financial Instruments: Equity shares (quoted and unquoted), mutual funds, and preference shares, designated at fair value through other comprehensive income (FVOCI). These investments are held for long-term value accretion, focusing on sector leaders.
Loan Disbursements: Loans repayable on demand, measured at amortized cost, primarily to private sector bodies corporate and individuals. No loans were granted to promoters, directors, or key managerial personnel in FY 2023-24.
Dividend Income: Generated from investments in equity and preference shares, contributing ₹1.39 crores to total income.
The most profitable segment appears to be the investment portfolio, given the significant dividend income (₹1.39 crores) and cumulative gains on equity investments (₹26.30 crores transferred to retained earnings).
Business Segments
DFL operates in a single business segment: Non-Banking Financial Activities (Note 28). The company does not have separate reportable segments as per Ind AS 108. The revenue is primarily derived from:
Interest Income: ₹138.89 lakhs (₹1.39 crores) from loans and bank deposits.
Dividend Income: ₹138.89 lakhs (₹1.39 crores) from equity and preference shares.
Investment Gains: Gains on equity instruments designated at FVOCI, contributing to other comprehensive income.
The total income for FY 2023-24 was ₹6,153.95 lakhs (₹61.54 crores), with investments being the dominant contributor to financial performance.
Management Team
Ashok Bhandari (Director, DIN: 00012210): Non-Executive Director and Chairman of multiple committees (Risk Management, Finance and Asset Liability Supervisory, Investment/Credit). Retires by rotation and is eligible for re-appointment.
Ravi Goenka (Independent Director, DIN: 01393012): Chairman of the Audit, Nomination & Remuneration, Stakeholders Relationship, and Grievance Redressal Mechanism Committees. Re-appointed for a second term of five years from 30 April 2024.
K.K. Thakur (Manager and CFO): Responsible for financial oversight and risk management, re-appointed for five years from 1 September 2022.
Insights of Digvijay Finlease Unlisted Shares
Primary Sources: Interest Income: ₹1.39 crores from loans and bank deposits (Note 20). Dividend Income: ₹1.39 crores from equity and preference shares (Note 21). Total Income: ₹61.54 crores in FY 2023-24, compared to ₹45.79 crores in FY 2022-23. Profitability: The company reported a profit before tax of ₹57.04 crores and a profit after tax (PAT) of ₹43.24 crores, compared to ₹41.99 crores and ₹30.67 crores, respectively, in FY 2022-23. The company is profit-making, with no underlying reasons for losses. Revenue: ₹61.54 crores EBITDA: Not explicitly stated, but profit before tax (₹57.04 crores) suggests strong operating performance. PAT: ₹43.24 crores Profit Margin (PAT/Revenue): 70.26% (₹43.24 crores / ₹61.54 crores) Return on Equity (RoE): Not directly calculable from the provided data, but the high PAT and capital-to-risk-weighted assets ratio (CRAR) of 103.40% indicate efficient equity utilization. Total Equity: ₹1,177.65 crores (Note 19, including capital and reserves). Loan Disbursements: No new loans granted in FY 2023-24 (Note 6). Total loans outstanding: ₹189.98 lakhs (₹1.90 crores), all unsecured and repayable on demand. Assets Under Management (AUM): ₹1.90 crores (loans) + ₹4,242.29 crores (investments) = ₹4,244.19 crores. Gross Non-Performing Assets (GNPA): Not explicitly reported, but no provisions for non-performing assets (NPAs) were made (Note 40), suggesting negligible or zero GNPA. Net Non-Performing Assets (NNPA): Likely zero, given no provisions for NPAs. Gearing Ratio: Zero, as the company has no borrowings (Note 40). Capital-to-Risk-Weighted Assets Ratio (CRAR): 103.40% (Note 40), well above RBI requirements, indicating strong capital adequacy. Major Shareholders : Details of shareholders holding more than 5% equity shares are not fully provided, but the company has 13,259,420 equity shares with a paid-up capital of ₹13.26 crores. Promoters’ shareholding details are mentioned but not quantified in the provided excerpt. IPO Plans: No plans for an initial public offering (IPO) are mentioned in the annual report.Financial Analysis
Revenue Streams
Basic Financial Metrics (in ₹ Crores)
Industry-Specific Metrics (NBFC)
Funding
Industry and Competitive Positioning
Industry Outlook
The NBFC sector in India is a critical component of the financial services industry, providing credit and investment solutions outside traditional banking. According to industry reports (e.g., Invest India), the NBFC sector has grown significantly, with AUM expected to reach ₹70 lakh crores by 2025, driven by increased credit demand and digitalization. DFL’s focus on long-term investments and selective lending positions it as a niche player in the investment-focused NBFC segment, competing with other NBFCs like Bajaj Finance and smaller investment-oriented firms.
Government Policies
RBI Regulations: DFL complies with RBI’s Master Directions for systemically important non-deposit-taking NBFCs, including capital adequacy (CRAR) and liquidity coverage ratio (LCR) requirements.
Taxation and Compliance: The company faces contingent liabilities from income tax disputes (₹1,151.65 lakhs, Note 32), reflecting regulatory scrutiny common in the financial sector.
CSR Mandate: Compliance with Section 135 of the Companies Act, 2013, requiring 2% of average net profits for CSR activities (₹0.33 crores spent in FY 2023-24).
Digvijay Finlease Limited: Investment Analysis in Shree Cement Limited
As of May 26, 2025, Digvijay Finlease Limited holds a substantial investment in Shree Cement Limited, owning 42,38,140 equity shares. This stake represents 11.74% of Shree Cement’s total paid-up equity share capital, underscoring Digvijay Finlease’s significant role as a promoter of the cement giant. With Shree Cement’s shares trading at a current market price (CMP) of Rs. 31,125 per share, the company’s total market capitalization is approximately Rs. 1,12,303 Crores, reflecting its position as one of India’s leading cement producers.
The total investment value of Digvijay Finlease’s holding in Shree Cement, based on the CMP, is calculated as follows:
1. Shareholding in Shree Cement Ltd:
Total Shares Held: 42,38,140 shares
Percentage of Shree Cement's Paid-Up Equity: 11.74%
Current Market Price (CMP) of Shree Cement: ₹31,125 per share
Total Market Capitalization of Shree Cement: ₹1,12,303 crore
Total Market Value of Digvijay Finlease’s Holding in Shree Cement: ₹13,184 crore (approx.)
3. Digvijay Finlease Ltd – Shareholder Metrics:
Total Outstanding Shares: 1.32 crore
Intrinsic Value per Share (based on investment in Shree Cement): ₹9,945 per share
4. To account for factors such as lack of control, limited cash flow, and illiquidity, a 30% discount is applied to the intrinsic value per share, as these factors reduce the realizable value of the investment, particularly for a promoter’s stake in an NBFC with a concentrated holding. A
This adjusted value of Rs. 6,961.50 per share reflects a more conservative estimate of Digvijay Finlease’s per-share worth, considering the challenges of monetizing a significant but illiquid stake in Shree Cement and the company’s operational constraints as a non-banking financial company.
Financial Charts of Digvijay Finlease Unlisted Shares
Balance Sheet of Digvijay Finlease Unlisted Shares
Profit and Loss of Digvijay Finlease Unlisted Shares
Ancillary of Digvijay Finlease Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Digvijay Finlease Unlisted Shares
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How to buy Digvijay Finlease Ltd.?
Below are three ways through which you can purchase Digvijay Finlease Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Digvijay Finlease Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Digvijay Finlease Ltd.?
Below are three ways through which you can sell Digvijay Finlease Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Digvijay Finlease Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Digvijay Finlease Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Digvijay Finlease Ltd. is ₹1725 and your sell price for Digvijay Finlease Ltd. is ₹1200. The price is based on our estimates and market conditions.
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What is the lock-in period of Digvijay Finlease Ltd.?
The lock-in period for Digvijay Finlease Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Digvijay Finlease Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Digvijay Finlease Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Digvijay Finlease Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Digvijay Finlease Ltd.. The price is also determined from the most recent funding round for Digvijay Finlease Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Digvijay Finlease Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Digvijay Finlease Ltd. with us kindly click here.
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What are the financials of Digvijay Finlease Ltd.?
The financials of Digvijay Finlease Ltd. which includes the P/L of Digvijay Finlease Ltd. and the Balance Sheet of Digvijay Finlease Ltd. is in the financials section (Click on link).
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Where can I find the annual report of Digvijay Finlease Ltd.?
The annual report of Digvijay Finlease Ltd. is available in the annual report section (Click on link).
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Is buying Digvijay Finlease Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Digvijay Finlease Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Digvijay Finlease Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Digvijay Finlease Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Digvijay Finlease Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Digvijay Finlease Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
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