Visagar Financial Services Limited operates as a non-banking financial company in India. The company offers financial advisory services, including debt funding for term loans, working capital requirements (CC limit), and loans against property and security; equity funding for seed capital, private equity funding, venture capital, HNI investors, and real estate tie-ups; and restructuring for NPAs, corporate rehabilitation and governance, cash flow management, and MIS services. It also provides corporate advisory services, such as mergers and acquisitions, joint ventures and collaboration, and other advisory services, as well as investments and real estate advisory services. In addition, the company offers loans, as well as invests in securities of listed and unlisted companies, etc. The company was formerly known as Inca Finlease Limited and changed its name to Visagar Financial services Limited in February 2011. Visagar Financial Services Limited was incorporated in 1994 and is based in Mumbai, India.
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 1.12
2.75
2.98
1.66
2.55
11.60
11.45
75.94
30.57
140.36
69.85
64.79
59.17
Expenses 1.16
2.36
1.47
1.42
3.58
12.14
10.44
72.06
33.13
144.11
70.32
61.87
58.73
Operating Profit -0.04
0.39
1.51
0.24
-1.03
-0.54
1.01
3.88
-2.56
-3.75
-0.47
2.92
0.44
OPM % -3.57
14.18
50.67
14.46
-40.39
-4.66
8.82
5.11
-8.37
-2.67
-0.67
4.51
0.74
Other Income 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
Depreciation 0.02
0.02
0.02
0.02
0.02
0.03
0.05
0.02
0.02
0.07
0.02
0.02
0.00
Interest 0.00
1.33
0.05
0.00
0.00
1.78
0.06
0.00
0.00
0.00
0.25
0.00
0.00
Profit before tax -0.06
-0.96
1.44
0.22
-1.05
-2.35
0.90
3.86
-2.58
-3.82
-0.74
2.90
0.44
Tax % 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
Net Profit -0.06
-0.96
1.44
0.22
-1.05
-2.34
0.91
3.86
-2.58
-3.82
-0.74
2.90
0.44
EPS in Rs 0.00
-0.02
0.02
0.00
-0.02
-0.04
0.02
0.07
-0.04
-0.07
-0.01
0.05
0.01
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
9.93 129.57 334.21 51.80 16.82 66.58 1.52 1.06 5.33 10.55 4.11 0.64
Expenses
8.80 127.77 334.13 49.85 16.57 66.93 1.80 1.01 5.29 10.43 4.07 0.24
Operating Profit
1.13 1.80 0.08 1.95 0.25 -0.35 -0.28 0.05 0.04 0.12 0.04 0.40
OPM %
11.38 1.39 0.02 3.76 1.49 -0.53 -18.42 4.72 0.75 1.14 0.97 62.50
Other Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00
Interest
1.39 1.84 1.13 0.14 0.01 0.00 0.00 0.00 0.00 0.17 0.00 0.29
Depreciation
0.09 0.12 0.11 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00
Profit before tax
-0.35 -0.16 -1.16 1.81 0.24 -0.35 -0.28 0.06 0.04 -0.06 0.04 0.11
Tax %
2.86 0.00 0.00 29.83 0.00 0.00 0.00 33.33 25.00 0.00 25.00 27.27
Net Profit
-0.36 -0.16 -1.16 1.28 0.24 -0.35 -0.28 0.04 0.03 -0.06 0.03 0.08
EPS in Rs
-0.01 0.00 -0.02 0.02 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00
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
58.39 58.39 58.39 58.39 9.75 6.50 6.50 6.50 6.50 6.50 6.50 6.50
Reserves
1.79 2.15 2.31 3.47 2.19 5.21 5.55 5.84 5.79 5.76 5.82 5.80
Borrowings
30.79 43.84 42.29 14.94 1.62 2.30 1.37 3.68 5.03 4.81 0.56 5.29
Other Liabilities
-0.01 -0.01 1.45 0.79 0.04 0.11 0.12 0.09 0.05 0.29 0.14 0.15
Total Liabilities
90.96 104.37 104.44 77.59 13.60 14.12 13.54 16.11 17.37 17.36 13.02 17.74
Fixed Assets
0.22 0.30 0.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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
17.65 25.95 25.75 11.25 4.55 4.73 5.27 5.28 7.35 8.73 4.21 6.84
Other Assets
73.09 78.12 78.27 66.34 9.05 9.39 8.27 10.83 10.02 8.63 8.81 10.90
Total Assets
90.96 104.37 104.44 77.59 13.60 14.12 13.54 16.11 17.37 17.36 13.02 17.74
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
12.58 0.27 -25.83 -54.11 -0.12 -0.04 0.02 -0.17 0.14 4.72 -2.78 -0.27
Cash from Investing Activity
0.00 0.00 -0.53 -6.70 0.18 0.00 0.00 0.00 0.00 -4.53 2.64 0.25
Cash from Financing Activity
-13.05 -1.84 27.35 61.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.03
Net Cash Flow
-0.48 -1.57 0.99 1.14 0.06 -0.04 0.02 -0.17 0.14 0.20 -0.14 -0.04
Free Cash Flow
12.58 0.27 -26.36 -60.81 -0.12 -0.04 0.02 -0.17 0.14 0.19 -2.78 -0.27
CFO/OP %
1,113.00 15.00 -32,288.00 -2,775.00 -40.00 11.00 -7.00 -300.00 375.00 3,933.00 -6,950.00 -68.00
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
116.15 9.44 1.98 1.41 3.26 0.05 0.00 0.00 0.68 0.00 0.00 17.11
Inventory Days
130.78 16.18 14.50 118.44 50.13 10.78 465.31 1,029.49 152.08 112.55 96.84 —
Days Payable
4.16 0.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.52 0.00 —
Cash Conversion Cycle
242.77 25.50 16.48 119.85 53.38 10.84 465.31 1,029.49 152.77 104.03 96.84 17.11
Working Capital Days
239.29 27.72 15.61 114.15 55.12 10.58 60.03 -526.84 -200.65 -65.73 32.86 -3,016.95
ROCE %
1.06 1.62 -0.03 4.32 1.81 -2.55 -1.90 0.36 0.23 0.73 0.26 2.33
% 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
5.95
5.95
5.95
5.95
5.95
5.95
5.95
5.95
5.95
5.95
5.95
5.95
DIIs
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.00
0.00
0.00
0.00
0.00
Public
94.00
94.00
94.00
94.00
94.01
94.01
94.01
94.04
94.05
94.04
94.04
94.05
No. of Shareholders
193,874
193,874
197,774
201,851
205,710
208,820
209,394
199,567
186,412
161,691
124,688
103,915
9 records