NDLVENTURE
NDL Ventures financials
- Market cap
- ₹422 Cr
- Sector
- Financial Services
What NDL Ventures Limited does
NDL Ventures Limited (formerly NXTDIGITAL Limited) used to run a pan-India digital cable TV, broadband and OTT bundling business via owned-and-operated NXTHUB points of presence, offering up to 650 TV services, broadband speeds up to 1,000 Mbps and OTT content access. Pursuant to a Scheme of Arrangement between the Company and Hinduja Global Solutions Limited sanctioned by the NCLT, Mumbai Bench (order dated November 11, 2022), the entire Digital, Media and Communications business undertaking, including its subsidiary investments, was demerged and transferred to Hinduja Global Solutions Limited. Since the demerger, the Company has held a land parcel at Bengaluru, Karnataka carried as inventory (approved for sale to Hinduja Realty Ventures Limited) and enters into related-party arrangements with other Hinduja Group entities (Hinduja Realty Ventures, Hinduja Global Solutions, IndusInd Media & Communications, OneOTT Intertainment).
Segments
- Real estate (residual)
- Real estate inventory
- 1 land parcel (Bengaluru, Karnataka), held as inventory
Quarterly results
Q1 FY27: net profit down 62.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -1 | -1 | -1 | -1 | -1 +16% | -1 +11% | -1 −14% | -1 −37% |
| Net profit | 0 | 0 | 0 | 0 | 0 +33% | 0 +229% | 0 +7% | 0 −62% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +45.2% 1Y
1Y: ₹86.39 on 10 Sept 2025 → ₹125.43. High ₹134.39 (19 Jun 2026), low ₹81.6 (29 Sept 2025).
Financials, as filed
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue | ₹974 Cr | ₹1.1k Cr | ₹482 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Operating profit | ₹199 Cr | ₹182 Cr | ₹41 Cr | ₹-4 Cr | ₹-4 Cr | ₹-4 Cr |
| Operating margin | 20.4% | 16.8% | 8.5% | — | — | — |
| Interest | ₹143 Cr | ₹136 Cr | ₹72 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹204 Cr | ₹223 Cr | ₹127 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-14 Cr | ₹1 Cr | ₹-84 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr |
| Net margin | -1.4% | 0.1% | -17.5% | — | — | — |
| Cash from operations | ₹121 Cr | ₹34 Cr | ₹75 Cr | ₹-11 Cr | ₹-4 Cr | ₹-5 Cr |
| Free cash flow | ₹67 Cr | ₹-91 Cr | ₹75 Cr | ₹-11 Cr | ₹-4 Cr | ₹-5 Cr |
| ROCE | -1.4% | 6.5% | 0.4% | 2.8% | 1.7% | 2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹24 Cr | ₹34 Cr | ₹34 Cr | ₹34 Cr | ₹34 Cr | ₹34 Cr |
| Reserves | ₹209 Cr | ₹214 Cr | ₹34 Cr | ₹29 Cr | ₹25 Cr | ₹26 Cr |
| Borrowings | ₹1.0k Cr | ₹1.2k Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹432 Cr | ₹643 Cr | ₹13 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr |
| Total liabilities | ₹1.7k Cr | ₹2.1k Cr | ₹81 Cr | ₹69 Cr | ₹65 Cr | ₹65 Cr |
| Fixed assets | ₹837 Cr | ₹1.2k Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹6 Cr | ₹6 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹349 Cr | ₹21 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹494 Cr | ₹889 Cr | ₹81 Cr | ₹69 Cr | ₹65 Cr | ₹65 Cr |
| Total assets | ₹1.7k Cr | ₹2.1k Cr | ₹81 Cr | ₹69 Cr | ₹65 Cr | ₹65 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 5% to 10,176.
- Promoters
- 66.2%
- FIIs
- 5.4%
- DIIs
- 0.0%
- Public
- 28.4%
Since Jun 2025
- Public −0.01 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters went from 64.7% to 66.2% — +1.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 64.7%, FIIs 5.3%, DIIs 1.3%, Public 28.8%.Dec '23: Promoters 64.7%, FIIs 5.3%, DIIs 1.3%, Public 28.8%.Mar '24: Promoters 64.7%, FIIs 5.3%, DIIs 1.3%, Public 28.8%.Jun '24: Promoters 66.2%, FIIs 5.3%, DIIs 1.3%, Public 27.2%.Sep '24: Promoters 66.2%, FIIs 5.3%, DIIs 1.3%, Public 27.2%.Dec '24: Promoters 66.2%, FIIs 5.4%, DIIs 1.3%, Public 27.1%.Mar '25: Promoters 66.2%, FIIs 5.4%, DIIs 0.0%, Public 28.4%.Jun '25: Promoters 66.2%, FIIs 5.4%, DIIs 0.0%, Public 28.4%.Sep '25: Promoters 66.2%, FIIs 5.4%, DIIs 0.0%, Public 28.4%.Dec '25: Promoters 66.2%, FIIs 5.3%, DIIs 0.0%, Public 28.4%.Mar '26: Promoters 66.2%, FIIs 5.4%, DIIs 0.0%, Public 28.4%.Jun '26: Promoters 66.2%, FIIs 5.4%, DIIs 0.0%, Public 28.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of NDL Ventures Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Hinduja Group Limited | 42.18% | unchanged |
| Amas Mauritius Limited | 9.42% | unchanged |
| Hinduja Realty Ventures Limited | 7.39% | unchanged |
| Indusind International Holdings Limited | 6.51% | unchanged |
| Bridge India Fund FPI fund | 2.60% | unchanged |
| Ashok Parmanand Hinduja | 2.21% | unchanged |
| Harsha Ashok Hinduja | 2.18% | unchanged |
| Indusind Communications Limited | 1.77% | unchanged |
| Legends Global Opportunities (Singapore) Pte. Ltd. FPI fund | 1.59% | unchanged |
| Dilipkumar Lakhi | 1.39% | −0.07 pp |
| Unico Global Opportunities Fund Limited FPI fund | 1.07% | unchanged |
| Ambika Ashok Hinduja | 0.79% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse NDL Ventures Limited
Guides on how to read this kind of business and the numbers that matter.