Baid Finserv Ltd

₹ 16.0 3.95%

26 Dec - close price

baidfinserv.com BSE: 511724 NSE: BAIDFIN

About

Baid Finserv Limited (Formerly Known as Baid Leasing and Finance Company Limited) is a Non- Deposit Taking NBFC carrying out the business of providing Car Loans, Commercial Vehicle Loans (new & used), MSME Loans, Loan Against Property and other asset backed loans. The Company is deeply penetrated in Rajasthan and has started operations in Madhya Pradesh.^[1]

Key Points

Offerings^[1]
1 Vehicle Loans - Tractor Loan, Commercial Vehicle Loan, Car Loan (Upto 10 lakhs)
2 Mortgage Loans - MSME Loan, Loan Against Property (upto 25 lakhs)
3 Insurance - Life Insurance, Dwelling Insurance, Motor Insurance

Website BSE NSE

Market Cap ₹ 193 Cr.
Current Price ₹ 16.0
High / Low ₹ 33.3 / 14.0
Stock P/E 19.7
Book Value ₹ 14.2
Dividend Yield 0.62 %
ROCE 11.2 %
ROE 8.03 %
Face Value ₹ 2.00

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Pros

Stock is trading at 1.13 times its book value
Company's working capital requirements have reduced from 26.3 days to 10.6 days

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 2.54% over past five years.
Promoter holding is low: 35.4%
Company has a low return on equity of 7.08% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	12.31	10.18	15.27	12.84	13.38	13.46	15.18	18.24	15.01	17.51	15.15	18.89	19.65
	4.46	3.36	5.75	6.34	5.14	4.82	7.44	5.41	6.20	6.71	6.40	8.04	9.16
Operating Profit	7.85	6.82	9.52	6.50	8.24	8.64	7.74	12.83	8.81	10.80	8.75	10.85	10.49
OPM %	63.77%	66.99%	62.34%	50.62%	61.58%	64.19%	50.99%	70.34%	58.69%	61.68%	57.76%	57.44%	53.38%
	0.03	0.01	0.05	0.93	0.00	0.01	-0.06	0.07	0.25	0.07	0.05	0.47	0.06
Interest	4.94	4.73	4.36	4.27	4.83	4.55	4.03	5.29	5.51	5.71	6.54	7.09	7.65
Depreciation	0.07	0.08	0.08	0.09	0.09	0.09	0.06	0.12	0.13	0.11	0.22	0.08	0.29
Profit before tax	2.87	2.02	5.13	3.07	3.32	4.01	3.59	7.49	3.42	5.05	2.04	4.15	2.61
Tax %	25.09%	25.25%	31.19%	21.17%	25.00%	30.17%	25.63%	25.23%	25.15%	28.71%	46.57%	24.58%	25.29%
	2.15	1.52	3.53	2.43	2.48	2.80	2.67	5.61	2.56	3.61	1.08	3.12	1.96
EPS in Rs	0.18	0.13	0.29	0.20	0.21	0.23	0.22	0.47	0.21	0.30	0.09	0.26	0.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	15.17	7.35	8.44	18.14	28.50	40.92	58.19	62.59	53.95	49.99	55.73	65.97	71.20
	16.29	3.27	3.04	8.44	11.55	14.51	17.43	21.02	19.40	18.01	23.74	24.72	30.31
Operating Profit	-1.12	4.08	5.40	9.70	16.95	26.41	40.76	41.57	34.55	31.98	31.99	41.25	40.89
OPM %	-7.38%	55.51%	63.98%	53.47%	59.47%	64.54%	70.05%	66.42%	64.04%	63.97%	57.40%	62.53%	57.43%
	5.08	0.00	0.00	0.05	0.04	0.12	0.21	0.20	0.09	0.06	0.01	0.39	0.65
Interest	2.62	2.49	3.43	5.54	11.07	18.01	27.87	31.05	24.06	19.60	17.68	23.06	26.99
Depreciation	0.05	0.05	0.16	0.19	0.20	0.25	0.38	0.36	0.29	0.29	0.33	0.48	0.70
Profit before tax	1.29	1.54	1.81	4.02	5.72	8.27	12.72	10.36	10.29	12.15	13.99	18.10	13.85
Tax %	21.71%	34.42%	33.70%	31.59%	30.59%	31.32%	23.58%	26.54%	27.31%	27.74%	25.80%	28.56%
	1.00	1.02	1.20	2.75	3.97	5.67	9.71	7.61	7.48	8.79	10.38	12.92	9.77
EPS in Rs	0.16	0.17	0.20	0.45	0.39	0.56	0.96	0.63	0.62	0.73	0.86	1.08	0.81
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	12.72%	17.81%	10.40%	0.00%	8.03%	6.83%	11.57%	9.29%

Compounded Sales Growth
10 Years:	25%
5 Years:	3%
3 Years:	7%
TTM:	15%

Compounded Profit Growth
10 Years:	29%
5 Years:	6%
3 Years:	20%
TTM:	-28%

Stock Price CAGR
10 Years:	18%
5 Years:	24%
3 Years:	14%
1 Year:	-27%

Return on Equity
10 Years:	9%
5 Years:	7%
3 Years:	7%
Last Year:	8%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	6.15	6.15	6.15	6.15	10.10	10.10	10.10	12.01	12.01	12.01	24.01	24.01	24.01
Reserves	5.66	6.67	7.87	10.62	26.24	30.37	38.99	118.02	125.57	133.82	131.00	142.77	146.60
	20.72	23.38	35.90	64.52	103.39	194.71	269.18	188.59	163.90	159.77	170.72	241.86	241.97
	2.55	4.50	14.51	23.61	19.44	36.16	15.14	21.93	15.02	12.24	15.38	17.48	24.37
Total Liabilities	35.08	40.70	64.43	104.90	159.17	271.34	333.41	340.55	316.50	317.84	341.11	426.12	436.95
	0.43	0.39	0.93	1.19	1.01	1.89	1.69	1.41	1.36	1.37	1.40	4.20	4.03
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	0.00
Investments	0.74	1.07	2.09	3.20	5.43	9.52	11.08	3.45	3.23	8.58	6.28	4.67	5.47
	33.91	39.24	61.41	100.51	152.73	259.93	320.64	335.69	311.91	307.89	333.43	417.25	427.45
Total Assets	35.08	40.70	64.43	104.90	159.17	271.34	333.41	340.55	316.50	317.84	341.11	426.12	436.95

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0.31	2.64	-10.18	-17.76	-37.33	-44.68	-44.17	40.03	50.48	34.00	5.53	-21.77
	2.36	-0.34	-1.62	-1.57	-2.26	-5.21	-1.75	-2.30	0.40	-5.58	2.81	-1.59
	-2.43	-1.69	11.95	19.42	39.97	51.45	45.47	-38.30	-48.68	-24.27	-7.93	46.94
Net Cash Flow	0.24	0.61	0.15	0.09	0.39	1.56	-0.45	-0.57	2.20	4.15	0.42	23.58

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	69.05	203.61	287.16	0.00	0.00	0.00	0.00	0.00	73.61	50.45	0.00	1.55
Inventory Days	665.06											36.50
Days Payable	10.57											144.38
Cash Conversion Cycle	723.54	203.61	287.16	0.00	0.00	0.00	0.00	0.00	73.61	50.45	0.00	-106.33
Working Capital Days	650.12	1,464.47	1,498.92	372.04	175.20	368.57	9.28	-39.01	78.55	63.45	4.78	10.57
ROCE %	12.24%	11.73%	12.17%	14.50%	15.18%	14.02%	14.67%	12.98%	11.10%	10.46%	10.03%	11.21%

Shareholding Pattern

Numbers in percentages

5 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	34.87%	34.87%	34.80%	34.80%	34.80%	34.80%	34.80%	34.81%	34.81%	34.81%	34.98%	35.42%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.00%	0.00%	0.03%	0.03%	0.04%
	65.13%	65.12%	65.20%	65.20%	65.20%	65.19%	65.10%	65.19%	65.20%	65.18%	64.99%	64.55%
No. of Shareholders	4,381	4,273	5,432	5,123	5,064	5,341	5,518	10,599	10,427	13,573	16,606	20,113

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	41.02%	32.49%	34.73%	38.64%	34.87%	34.87%	34.87%	34.80%	34.81%	35.42%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.04%
	58.98%	67.51%	65.27%	61.37%	65.13%	65.13%	65.12%	65.19%	65.18%	64.55%
No. of Shareholders	3,263	3,210	3,302	4,960	4,817	4,403	4,273	5,341	13,573	20,113

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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