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Baid Finserv Reports Significant Growth in NBFC Sector

Baid Finserv Reports Strong Growth in NBFC Sector, prepares for Annual General Meeting on July 16th, and expands Operations to Serve Rural Areas.

by Damodharan N

Updated Jun 25, 2024

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Baid Finserv Reports Significant Growth in NBFC Sector

Baid Finserv Limited has released its annual report for the fiscal year 2023-24, highlighting substantial growth in the Non-Banking Financial Company (NBFC) sector. The company has played a pivotal role in providing credit to underserved market segments, which traditional banks often overlook.

By offering innovative financial products and long-term financing solutions, Baid Finserv has significantly contributed to the economic development and financial inclusion of rural and semi-urban areas.

The report emphasizes the company's efforts in vehicle financing and loans against property, showcasing tailored financial solutions that prioritize customer aspirations over strict credit histories. As NBFCs continue to bridge the credit gap left by conventional banking systems, Baid Finserv's strategic initiatives and customer-centric approach have positioned it as a key player in India's financial landscape.

Baid Finserv to Hold AGM on July 16th 

Baid Finserv Limited will hold its 33rd Annual General Meeting (AGM) on Tuesday, July 16, 2024, at 3:00 PM through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting will cover several important business items:

  1. Adoption of Financial Statements: The company will adopt the audited financial statements for the fiscal year ending March 31, 2024, along with the reports from the Board of Directors and Auditors.
  2. Declaration of Final Dividend: A final dividend of Rs. 0.10 per equity share (5% of the equity share of Rs. 2 each) is proposed for the financial year 2023-24.
  3. Appointment of Director: Mrs. Alpana Baid, the Non-Executive Director, will be reappointed as she retires by rotation and is eligible for reappointment.

For further details and to view the Annual Report and Notice of the AGM, members can visit the company's website. The soft copy of the AGM notice and Annual Report has been emailed to members who have registered their email addresses.

You can find AGM notice and Annual Report here.

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Baid Finserv Annual Report 

Biad Fin Serv has released its Annual report with key financial metrics for the shareholders and general public. Lets look at some the metrics here.

Key Financial Metrics:

  1. Distribution of Shareholding as on 31st March 2024:
    • Total Shareholders: 13,573
    • Total Shares: 120,068,300
    • Dematerialized Shares: 99.35% of total capital
      • CDSL: 68.09%
      • NSDL: 31.26%
    • Shareholding Distribution:
      • 1-500 shares: 70.18%
      • Above 10,000 shares: 92.45%
  2. Property, Plant, and Equipment (as of 31st March 2024):
    • Furniture & Fixture:
      • Gross Block: ₹50.19 million
      • Net Block: ₹13.06 million
    • Vehicles (2-wheelers):
      • Gross Block: ₹2.31 million
      • Net Block: ₹0.49 million
    • Office Equipment:
      • Gross Block: ₹7.85 million
      • Net Block: ₹0.62 million
    • Computers:
      • Gross Block: ₹40.45 million
      • Net Block: ₹11.60 million

Key Strengths:

  1. High Dematerialization Rate:
    • 99.35% of shares are dematerialized, showing strong compliance with modern trading standards.
  2. Diversified Shareholding Structure:
    • Significant shareholding distribution across different ranges, with major holdings above 10,000 shares indicating strong investor confidence.
  3. Robust Asset Base:
    • Substantial investment in property, plant, and equipment, ensuring robust operational infrastructure.
  4. Strategic Investments:
    • Equity investments are designated under FVOCI, with changes in fair value recorded in OCI, providing strategic financial positioning.

Key Weaknesses:

  1. Concentration of Shares:
    • 92.45% of shares are held by those with more than 10,000 shares, indicating potential vulnerability to large shareholder movements.
  2. Depreciation of Assets:
    • Certain assets like computers and office equipment show significant depreciation, potentially indicating high replacement costs.

The analysis covers key financial metrics, strengths, and weaknesses based on the provided sections of the annual report. 

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Baid Finserv Limited

Baid Finserv Limited (BAIDFIN) is a Non-Deposit Taking NBFC (Base Layer) specializing in secured MSME loans, vehicle loans, and insurance products. Founded in 1991 and based in Jaipur, the company has over 30 years of experience in serving customers in semi-urban and rural areas of Rajasthan. They are now expanding to Madhya Pradesh and Gujarat.

With a strong customer base of more than 50,000 clients across various business sectors, Baid Finserv is committed to enhancing its services to meet the growing needs of its clients. The company plans to expand its operations in Maharashtra by the end of the second quarter of FY25, aiming to capitalize on increasing funding opportunities in under-banked semi-urban and rural regions.


​​​​​​​Baid Finserv Reports Significant Growth in NBFC Sector - FAQs

1. What are other investments?  

Other investments include investments in companies like Sterling Holiday Resorts Ltd. and Mahindra Holidays & Resorts India Ltd.

2. What is the total value of other financial assets?  

The total value of other financial assets is 735.90 lakhs.

3. What is the total value of inventories?  

The total value of inventories is 4.47 lakhs.

4. What is the net deferred tax asset?  

The net deferred tax asset is -4.21 lakhs.

5. What are stock performance metrics?  

Stock performance includes monthly high, low, and volume of equity shares traded.

6. What is the value of fixed deposits?  

Fixed deposits are valued at 2710.47 lakhs.

7. What are trade receivables?  

Trade receivables amount to 205.35 lakhs.

8. What is the cash and cash equivalents balance?  

Cash and cash equivalents amount to 1242.87 lakhs.

9. What is the value of loans?  

Loans amount to 4550.94 lakhs.

10. What is the total value of other current assets?        

Other current assets amount to 68.26 lakhs.

11. What is the total value of non-current assets?  

The total value of non-current assets is 12278.22 lakhs.

12. What is the total value of current assets?  

The total value of current assets is 6984.69 lakhs.

13. What is the value of total assets?  

Total assets amount to 19262.91 lakhs.

14. What is the value of equity share capital?  

Equity share capital is valued at 602.00 lakhs.

15. What is the value of other equity?  

Other equity amounts to 17534.42 lakhs.

16. What is the total value of equity?  

Total equity is valued at 18136.42 lakhs.

17. What is the total value of borrowings?  

Borrowings amount to 75.49 lakhs.

18. What is the value of trade payables?  

Trade payables are valued at 8.77 lakhs.

19. What is the value of other financial liabilities?

Other financial liabilities amount to 67.41 lakhs.

20. What is the total value of current liabilities?  

Current liabilities amount to 113.67 lakhs.

21. What is the total value of non-current liabilities?  

Non-current liabilities amount to 12.83 lakhs.

22. What is the total value of liabilities?  

Total liabilities amount to 126.50 lakhs.

23. What is the value of reserves and surplus?    

Reserves and surplus amount to 16714.83 lakhs.

24. What is the value of total income?  

Total income is 468.97 lakhs.

25. What is the value of total expenses?  

Total expenses amount to 350.66 lakhs.

26. What is the value of profit before tax?  

Profit before tax is 118.31 lakhs.

27. What is the value of current tax expense?  

Current tax expense is 26.00 lakhs.

28. What is the value of deferred tax expense?  

Deferred tax expense is 4.11 lakhs.

29. What is the value of profit for the period?  

Profit for the period is 88.20 lakhs.

30. What is the earnings per share (EPS)?        

Basic and diluted EPS is 1.46.

31. What is the book value per share?  

The book value per share is 27.18.

32. What is the net worth of the company?  

The net worth is 18136.42 lakhs.

33. What is the debt-equity ratio?      

The debt-equity ratio is 0.01.

34. What is the current ratio?  

The current ratio is 61.45.

35. What is the return on equity (ROE)?  

ROE is 0.49%.

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