NDLVENTUREFinancial Services

NDL Ventures Limited

Other Financial Services · ISIN INE353A01023 · BSE 500189 · NSE EQ · FV ₹10
Last price
₹120
+2.90%today
What this company does

NDL Ventures Limited operates in Other Financial Services, part of the Financial Services sector. It booked ₹245 cr of revenue in its latest quarter (Q2 FY23) and kept -19.6% of sales as profit. It is the 8th largest of 9 Other Financial Services companies we track, by market value.

In the report:
38out of 100
Equitytale Health Score
Strained

Healthier than 38% of companies in Financial Services, on the 3 of 6 measures we could read for it. Each measure is ranked against the 54–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
46

At close. Not part of the score.

Profitability & returns5

How much profit it earns on the money it employs

Valuation51

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet, cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 66%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -19.6% net margin
! Sales down 9% vs last year
! Low -77.5% return on equity
! Carries high debt (D/E 2.0)

What if I invest in NDLVENTURE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹120 +2.90%
latest close · 2026-09-17
1-year return
-71.2%
52-wk low ₹11452-wk high ₹588
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio1.63Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-77.5%Loss
WeakFairStrong ▸15%
Return on capital-5.7%Loss
WeakFairStrong
Net margin-19.6%Loss
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.02High
LowModerateHigh ▸1
Current ratio0.33Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹404 cr
Book value
₹74
EPS
₹-14.66
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
-9.0%
Earnings yield
P/S
0.41
Sales / share
₹291.3
Tax rate
Face value
₹10
Shares
3.4 cr
Working capital
₹-850 cr
Current assets
₹419 cr
Current liabilities
₹1,268 cr
Delivery %
80.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY23 (consolidated)
Revenue from Operations₹245 cr
Other Income₹25 cr
Total Income₹270 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹9 cr
Inventory Change (±)₹2 cr
Employee Benefit Expense₹23 cr
Finance Costs₹35 cr
Depreciation & Amortisation₹68 cr
Other Expenses₹182 cr
Total Expenses₹317 cr
Profit before Tax₹-47 cr
Tax Expense₹82.9 L
Net Profit₹-46 cr
Net margin on total income-17.2%
Where the money goes · Q2 FY23
% of total spend
Materials + stock-in-trade₹10 cr3.3%
Employee benefit expense₹23 cr7.1%
Finance costs₹35 cr10.9%
Depreciation & amortisation₹68 cr21.3%
Other expenses₹182 cr57.2%
Tax expense₹82.9 L0.3%
Total income ₹270 cr

The company made a net loss of ₹46 cr this quarter — income covered only 85 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ4 FY22Q1 FY23Q2 FY23
Revenue313 cr237 cr245 cr
Total income345 cr279 cr270 cr
Expenses332 cr321 cr317 cr
Profit before tax12 cr-42 cr-47 cr
Tax-72 cr-3 cr82.9 L
Net profit (owners' share)79 cr-39 cr-48 cr
Net margin (owners' share, on revenue)25.3%-16.4%-19.6%
EPS (₹)27.44-11.40-14.66
YoY (latest quarter): total income -2.5% · net profit
Balance sheet & cash flow · as of Sep 2022
High debt
Total assets
₹2,134 cr
Shareholder equity
₹248 cr
parent shareholders
Total debt
₹814 cr
Cash
₹23 cr
Cash flow · H1 FY23
Operating
₹110 cr
Investing
₹115 cr
Financing
₹-231 cr
Peer comparison
Other Financial Services · by market value
CompanyPriceMarket capP/E
Crisil Limited₹4,560₹33,334 cr38.5
OnEMI Technology Solutions Limited₹360₹6,064 cr14.0
Gyftr Limited₹176₹1,353 cr63.8
Centrum Capital Limited₹22₹1,083 cr
Prime Securities Limited₹294₹998 cr105.0
Wealth First Portfolio Managers Limited₹842₹897 cr21.7
The Investment Trust Of India Limited₹96₹499 cr10.1
NDL Ventures Limitedthis company₹120₹404 cr
Maha Rashtra Apex Corporation Limited₹55₹156 cr11.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.42%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 15 Sep 2026
ActionDetailEx-date
Dividend₹0.5 / share15 Sep 2026
Dividend₹0.5 / share22 Aug 2025
Dividend₹1 / share6 Sep 2024
Dividend₹2 / share25 Aug 2023
Dividend₹4 / share15 Sep 2022
Rights issue5:222 Oct 2021
Who owns it · 2026-06-30
No pledge
Promoter
66.2%
FII / Foreign
5.4%
DII / Domestic
0.0%
Retail / others
28.4%
Promoter stake up 1.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtHinduja Realty Ventures Limited · Promoter Group8.13 L · ₹29.0 cr15 Jun 22
SoldHinduja Group Limited Jointly with Hinduja Realty Ventures Limited (partners of Aasia Exports) · Promoter Group8.13 L · ₹29.0 cr15 Jun 22
BoughtHinduja Realty Ventures Limited · Promoter Group8.25 L · ₹31.4 cr1 Jun 22
Bulk / block deals
SoldLEGENDS GLOBAL OPPORTUNITIES (SINGAPORE) PTE. LTD. · NSE4.36 L @ ₹127.0212 Aug 26
BoughtALLSTARS INVESTMENTS LIMITED · NSE4.37 L @ ₹127.0412 Aug 26
SoldV A SHAH COMSEC TRADING & CO · NSE2.50 L @ ₹114.0818 Mar 26
Stake changes
SoldDilipkumar Lakhi→ 4.95% · 68,75419 Feb 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Aug 2025
See the official result
1
To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2025, together with the Report of the Board of Directors and the Auditors thereon including notes annexed thereto.
Backed by 100% of shareholders other than promotersneeded 50%
30.29 L votes for, 52 against · 0% of mutual funds and other big investors said no
2
To declare dividend of Re.0.50 per equity share of the face value of Rs.10 per share (5 Percentage) for the financial year ended March 31,2025
Backed by 100% of shareholders other than promotersneeded 50%
30.29 L votes for, 41 against · 0% of mutual funds and other big investors said no
3
To appoint Mr.Sachin Pillai (DIN: 06400793) as director, liable to retire by rotation.
Backed by 100% of shareholders other than promotersneeded 50%
30.27 L votes for, 1,902 against · 0% of mutual funds and other big investors said no
4
To re-appoint S K Patodia and Associates LLP, Chattered Accountant as Statutory Auditor of the company for a period of 5 (five) consecutive years
Backed by 100% of shareholders other than promotersneeded 50%
30.27 L votes for, 1,952 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 12 named members
owning 66.2% between them · as of 2026-06-30
HINDUJA GROUP LIMITED42.18%
AMAS MAURITIUS LIMITED9.42%
HINDUJA REALTY VENTURES LIMITED7.39%
ASHOK PARMANAND HINDUJA2.21%
HARSHA ASHOK HINDUJA2.18%
AMBIKA ASHOK HINDUJA0.79%
HINDUJA PROPERTIES LIMITED0.63%
SHOM ASHOK HINDUJA0.62%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.