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V.B. Desai Financial Services Limited

V.B. Desai Financial Services Limited

BBSE:VBDESAI
20.00
INR
-0.10
(-0.50%)
2.10EPS
8.48P/E
80.60MMarket Cap
V.B. Desai Financial Services Limited
BSE:VBDESAI
(Bombay Stock Exchange)

Recent

price

20.00

P/E

ratio

8.48

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
1.94
1.87
1.47
2.31
2.77
2.67
1.93
2.61
4.08
4.77
4.45
5.87
5.49
6.89
6.25
6.27
6.49
Revenue per Share
0.27
0.4
2.99
0.14
0.82
0.59
0.31
0.17
1
1.31
0.43
0.79
0.68
1.03
1.23
1.92
2.1
Basic EPS, GAAP
0.52
-0.09
0.58
-5.2
1.36
0.55
-0.29
3.91
5.18
-0.15
-0.04
0.97
-0.29
0.71
-18.44
0.56
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
15
15.4
18.39
18.53
19.34
19.93
20.21
20.32
21.13
22.44
22.86
23.66
24.34
25.37
26.61
28.52
- -
Book Value per Share
15
15.4
18.39
18.53
19.34
19.93
20.21
20.32
21.13
22.44
22.86
23.66
24.34
25.37
26.61
28.52
- -
Tangible Book Value per Share
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
Basic Weighted Avg Shares
9
8
7
10
13
12
9
12
18
22
20
27
25
31
28
28
30
Sales/Revenue/Turnover
16.65
28.83
-5.31
-0.05
27.89
12.26
-16.22
-4.78
9.3
12.75
10.05
14.02
6.56
14.04
11.65
2.67
7.55
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
2
14
1
4
3
1
1
5
6
2
4
3
5
6
9
10
Net Income, GAAP
31.51
29.95
- -
- -
- -
20.95
- -
64.21
12.37
16.93
38.89
26.52
30.26
24.56
27.26
25.6
27.66
Effective Tax Rate (%)
13.96
21.55
202.98
6.1
29.51
21.93
15.81
6.58
24.55
27.37
9.64
13.49
12.46
14.98
19.74
30.62
32.37
Profit Margin (%)
62
65
35
59
6
7
5
1
2
6
6
3
3
6
13
22
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
68
70
83
84
88
90
92
92
96
102
104
107
110
115
120
129
- -
Total Equity
1.82
2.59
- -
- -
- -
2.97
- -
-0.22
1.64
2.36
1.23
2.64
1.06
2.98
1.95
0.46
- -
Return on Invested Capital (%)
1.83
2.65
- -
- -
- -
2.99
- -
0.85
4.84
5.99
1.89
3.4
2.85
4.15
4.75
6.96
- -
Return on Capital (%)
1.83
2.65
17.68
0.76
4.32
2.98
1.52
0.85
4.84
5.99
1.89
3.4
2.85
4.15
4.75
6.96
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
109
59
81

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
25
- -
Cash, Cash Equivalents & STI
- -
7
- -
Accounts Receivable, Net
- -
3
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
3
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.67%
4.53%
7.21%
Free Cash Flow
-761.23%
-1,173.6%
-103.04%
Net Income, GAAP
55.29%
39.41%
55.54%
Sales/Revenue/Turnover
11.6%
8.39%
0.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
8
7
6
7
28
2026
10
7
6
6
28
2027
11
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.27
0.21
0.32
0.43
1.23
2026
0.45
0.52
0.49
0.45
1.92
2027
0.64
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
V. B. Desai Financial Services Limited is a publicly listed investment banking and financial advisory company primarily engaged in merchant banking activities. Founded in 1985 and headquartered in Mumbai, India, the company offers a wide range of financial services including investment banking; corporate finance; corporate advisory; securitization and asset reconstruction; lease finance; investment advisory; and foreign investment services. It functions as a Category I Merchant Banker registered with the Securities and Exchange Board of India (SEBI) and provides specialized services such as mergers and acquisitions advisory; strategic partnerships; valuation services including company and ESOP valuations; capital raising and debt syndication; corporate financing; and debt placement services. The company operates mainly in the domestic Indian capital markets, serving an exclusive clientele with customized solutions tailored to evolving capital market conditions. Recent major changes include a notable increase in profitability in 2025, with the company reporting a significant rise in net profit for multiple quarters, exemplifying operational improvements despite some sales fluctuations. The company continues to focus on merchant banking and advisory services while maintaining traditional values combined with innovation to adapt to changing market dynamics. In 2024, the board approved the re-appointment of key independent directors enhancing corporate governance. V. B. Desai Financial Services has sustained a debt-free status for over five years and recently strengthened its leadership team to support ongoing growth and strategic initiatives in investment banking and financial advisory domains. The company also remains committed to delivering customized and thoroughly researched advisory services based on deep client and market understanding. Overall, V. B. Desai Financial Services Limited operates across multiple financial service segments focusing on equity, debt, and money markets within India, with a strong heritage in merchant banking and corporate advisory that supports its clients' capital market and financial strategic needs. It is recognized for its innovative yet traditional approach, with a growing presence in investment banking solutions and financial consultancy across its geographic operational footprint.