🟢 At a Glance:
Dar Credit & Capital Ltd (NSE: DCCL) just stunned with a 90.92% jump in FY25 profit — from ₹3.68 Cr to ₹7.04 Cr. Their loan book is expanding across small borrowers in semi-urban India, with technology-led sourcing, and 36.78% capital adequacy.
But here’s the real kicker — you’ve probably never heard of them.
🏦 About the Company
Dar Credit is a Kolkata-based Base Layer NBFC, operating since 1994 with presence in 6 Indian states and 27 branches. Their model? Serving:
- 🧹 Class IV government employees (cleaners, sweepers, peons)
- 🏪 Small shopkeepers and vendors (many are women entrepreneurs)
- 🏢 MSMEs needing unsecured or secured loans
Their product mix is hyper-local and unglamorous. But the numbers speak louder than the brand name.
👥 Who Runs This?
Promoter: Ramesh Kumar Vijay — CA, CS, 39
years of experience
CFO: Saket Saraf — Company Secretary
CEO: Jayanta Banik — Chartered Accountant
Business heads: Spread across Kolkata and Jaipur, with deep local roots in lending and collections
Leadership isn’t ex-Morgan Stanley material, but it’s boots-on-ground and experienced in the underbanked lending segment.
💸 FY25 Financial Highlights
| Metric | FY25 | FY24 | Growth |
|---|---|---|---|
| Revenue | ₹40.3 Cr | ₹32.2 Cr | +25% |
| EBITDA | ₹29.3 Cr | ₹21.6 Cr | +35% |
| PAT | ₹7.04 Cr | ₹3.69 Cr | +91% |
| EBITDA Margin | 72.4% | 66.4% | Expand |
| PAT Margin | 17.0% | 11.2% | Expand |
| EPS | ₹7.04 | ₹3.69 | +91% |
| Net Worth | ₹73.5 Cr | ₹66.9 Cr | +10% YoY |
| Capital Adequacy Ratio | 36.78% | ~34% est. | Safe cushion |
| Gross NPA (GNPA) | 1.11% | 1.2% est. | Well-managed |
This is solid financial performance by any metric — especially for an SME NBFC.
📍 Where’s the Business?
1. Personal Loans
- 👥 Municipal employees (salaried Class IV)
- 🧾 EMI deducted directly
