V. B. Desai Financial Services Limited provides merchant banking and advisory services in India. The company offers merchant banking services, including valuation and corporate advisory, AIF certification, management of open offers, buy-backs and delisting, and management of public IPOs, as well as rights issue, offer for sale, and qualified institutional placement services. It also provides merger and acquisition services, such as preparing pitch documents/information memorandums, performing valuations on targets, and calculating acquisition synergies for the acquirer, and engineering and advisory services for deals; strategic partnership services; advisory on capital rising; and valuation and corporate advisory services. The company was formerly known as Alpha Financial & Advisory Services Limited and changed its name to V. B. Desai Financial Services Limited in September 1985. V. B. Desai Financial Services Limited was incorporated in 1985 and is based in Mumbai, India.
as of Sep 2026
Market Cap 9 Cr
P/E 8.88
Div Yield 0.00 %
Book Value ₹28.50
52w High ₹32.00
52w Low ₹11.60
Face Value ₹10.00
Rs. Crores · hover row for definition
Metric
Jun 2026
Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Jun 2023
Sales 1.08
0.62
0.57
0.68
0.96
0.71
0.62
0.73
0.77
1.04
0.77
0.50
0.81
Expenses 0.92
0.61
0.55
0.64
0.96
0.68
0.57
0.65
0.65
0.82
0.71
0.47
0.67
Operating Profit 0.16
0.01
0.02
0.04
0.00
0.03
0.05
0.08
0.12
0.22
0.06
0.03
0.14
OPM % 14.81
1.61
3.51
5.88
0.00
4.23
8.06
10.96
15.58
21.15
7.79
6.00
17.28
Other Income 0.27
0.27
0.28
0.28
0.27
0.28
0.12
0.05
0.05
0.04
0.05
0.04
0.04
Depreciation 0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Interest 0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit before tax 0.43
0.28
0.30
0.32
0.27
0.31
0.17
0.13
0.17
0.26
0.11
0.07
0.18
Tax % 30.23
25.00
26.67
25.00
25.93
35.48
11.76
23.08
29.41
26.92
18.18
28.57
22.22
Net Profit 0.29
0.21
0.22
0.24
0.20
0.20
0.14
0.09
0.12
0.19
0.09
0.06
0.13
EPS in Rs 0.64
0.46
0.49
0.53
0.44
0.44
0.31
0.20
0.27
0.42
0.20
0.13
0.29
Annual · Rs. Crores
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Sales
3.93 3.30 3.30 2.77 2.81 2.14 2.59 2.19 1.33 1.14 1.39 1.26
Expenses
2.77 2.56 2.68 2.32 2.32 1.84 1.85 1.64 1.21 0.99 1.03 0.87
Operating Profit
1.16 0.74 0.62 0.45 0.49 0.30 0.74 0.55 0.12 0.15 0.36 0.39
OPM %
29.52 22.42 18.79 16.25 17.44 14.02 28.57 25.11 9.02 13.16 25.90 30.95
Other Income
0.01 0.03 0.00 0.00 0.00 0.02 0.00 0.00 0.13 0.02 0.01 0.00
Interest
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00
Depreciation
0.01 0.00 0.00 0.01 0.01 0.01 0.02 0.03 0.03 0.03 0.03 0.04
Profit before tax
1.16 0.77 0.62 0.44 0.48 0.31 0.72 0.52 0.22 0.13 0.34 0.35
Tax %
25.86 27.27 24.19 29.55 27.08 38.71 16.67 11.54 63.64 -7.69 20.59 -8.57
Net Profit
0.87 0.56 0.47 0.31 0.36 0.19 0.59 0.45 0.08 0.14 0.27 0.37
EPS in Rs
1.92 1.24 1.04 0.68 0.80 0.42 1.30 0.99 0.18 0.31 0.60 0.82
Dividend Payout %
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Annual · Rs. Crores — latest first
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Equity Capital
4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54
Reserves
8.38 7.51 6.95 6.48 6.17 5.81 5.62 5.03 4.66 4.61 4.49 4.22
Borrowings
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.00
Other Liabilities
0.58 0.58 0.70 0.56 0.59 0.51 0.53 0.59 0.46 0.40 0.23 0.23
Total Liabilities
13.50 12.63 12.19 11.58 11.30 10.86 10.69 10.16 9.66 9.55 9.33 8.99
Fixed Assets
0.04 0.04 0.00 0.00 0.01 0.01 0.02 0.05 0.07 0.10 0.13 0.16
CWIP
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments
0.26 0.13 8.67 8.67 8.54 8.21 8.22 7.92 5.44 3.44 3.31 3.29
Other Assets
13.20 12.46 3.52 2.91 2.75 2.64 2.45 2.19 4.15 6.01 5.89 5.54
Total Assets
13.50 12.63 12.19 11.58 11.30 10.86 10.69 10.16 9.66 9.55 9.33 8.99
Annual · Rs. Crores — latest first
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Cash from Operating Activity
0.26 -8.31 0.32 -0.13 0.44 -0.02 -0.07 2.35 1.77 -0.13 0.25 0.62
Cash from Investing Activity
-0.12 8.49 0.00 0.00 -0.32 0.00 0.05 -2.29 -1.99 -0.01 -0.02 -0.89
Cash from Financing Activity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.09 0.07 0.00
Net Cash Flow
0.14 0.17 0.32 -0.13 0.11 -0.02 -0.01 0.06 -0.22 -0.23 0.30 -0.28
Free Cash Flow
0.25 -8.35 0.32 -0.13 0.44 -0.02 -0.07 2.34 1.77 -0.13 0.25 0.62
CFO/OP %
53.00 -1,103.00 77.00 -20.00 122.00 43.00 18.00 460.00 1,617.00 -60.00 92.00 192.00
Annual · Days / % — latest first
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Debtor Days
29.72 32.08 47.56 50.07 35.07 23.88 25.37 26.67 32.93 35.22 26.26 17.38
Cash Conversion Cycle
29.72 32.08 47.56 50.07 35.07 23.88 25.37 26.67 32.93 35.22 26.26 17.38
Working Capital Days
140.24 85.17 21.02 31.62 12.99 76.75 63.42 8.33 21.95 60.83 55.14 107.18
ROCE %
9.29 6.54 5.51 4.05 4.56 3.02 7.30 5.54 2.40 1.53 3.81 4.08
% holding — latest first
Quarterly
Yearly
Holder
Jun 2026
Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Promoters
42.27
42.27
42.27
42.27
42.27
42.27
42.27
42.27
42.27
42.27
42.27
42.27
FIIs
0.94
0.94
0.94
0.94
0.94
0.99
0.99
1.11
1.11
1.11
1.11
1.11
Public
56.81
56.80
56.80
56.80
56.80
56.73
56.75
56.63
56.62
56.61
56.62
56.62
No. of Shareholders
4,886
4,905
4,900
4,920
4,895
4,923
4,941
4,854
4,827
4,872
4,856
4,819