Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 511724 | NSE: BAIDFIN

Fundamental Analysis of Baid Finserv Ltd

Basic Stock Data

Last Updated: April 23, 2024, 1:26 pm

Market Cap 263 Cr.
Current Price 21.8
High / Low48.8/18.5
Stock P/E18.2
Book Value 13.5
Dividend Yield0.46 %
ROCE10.0 %
ROE6.90 %
Face Value 2.00

Data Source: screener.in

Competitors of Baid Finserv Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Capital Trust Ltd 186 Cr. 114148/63.2 46.20.00 %15.8 %46.9 % 10.0
Bombay Oxygen Investments Ltd 281 Cr. 18,76624,618/9,8116.02 26,7350.08 %0.23 %0.22 % 100
Maha Rashtra Apex Corporation Ltd 186 Cr. 131184/89.0 82.80.00 %32.7 %32.9 % 10.0
Alacrity Securities Ltd 136 Cr. 64.866.0/10.815.0 15.30.00 %16.6 %14.0 % 10.0
Brilliant Portfolios Ltd 2.17 Cr. 6.986.98/6.983.88 27.70.00 %9.57 %5.87 % 10.0
Industry Average158.23 Cr3,816.564.985,381.400.02%14.98%19.98%28.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales14.4612.4712.1812.3110.1815.2712.8413.3813.4615.1818.2415.0117.51
Expenses6.774.424.464.463.365.756.345.144.827.445.416.206.71
Operating Profit7.698.057.727.856.829.526.508.248.647.7412.838.8110.80
OPM %53.18%64.55%63.38%63.77%66.99%62.34%50.62%61.58%64.19%50.99%70.34%58.69%61.68%
Other Income0.010.140.030.030.010.050.930.000.01-0.060.070.250.07
Interest5.535.585.564.944.734.364.274.834.554.035.295.515.71
Depreciation0.090.010.070.070.080.080.090.090.090.060.120.130.11
Profit before tax2.082.602.122.872.025.133.073.324.013.597.493.425.05
Tax %25.00%33.46%25.00%25.09%25.25%31.19%21.17%25.00%30.17%25.63%25.23%25.15%28.71%
Net Profit1.561.721.592.151.523.532.432.482.802.675.612.563.61
EPS in Rs0.130.140.130.180.130.290.200.210.230.220.470.210.30

Last Updated: April 10, 2024, 6:19 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 10:50 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales91578182841586354505666
Expenses6163381215172119182426
Operating Profit3-145101726414235323240
OPM %31%-7%56%64%53%59%65%70%66%64%64%57%61%
Other Income0500000000000
Interest232361118283124201821
Depreciation0000000000000
Profit before tax1122468131010121420
Tax %32%22%34%34%32%31%31%24%27%27%28%26%
Net Profit1111346108791014
EPS in Rs0.100.160.170.200.450.390.560.960.630.620.730.861.20
Dividend Payout %0%0%0%0%0%13%18%10%0%8%7%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%0.00%0.00%200.00%33.33%50.00%66.67%-20.00%-12.50%28.57%11.11%
Change in YoY Net Profit Growth (%)0.00%0.00%0.00%200.00%-166.67%16.67%16.67%-86.67%7.50%41.07%-17.46%

Growth

Compounded Sales Growth
10 Years:14%
5 Years:6%
3 Years:-4%
TTM:20%
Compounded Profit Growth
10 Years:26%
5 Years:13%
3 Years:11%
TTM:29%
Stock Price CAGR
10 Years:29%
5 Years:24%
3 Years:97%
1 Year:-41%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:6%
Last Year:7%

Last Updated: April 16, 2024, 6:03 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital666661010101212122424
Reserves567811263039118126134131138
Borrowings2121233665103195269189164160171193
Other Liabilities33415241936152215121519
Total Liabilities34354164105159271333341316318341373
Fixed Assets0001112211113
CWIP0000000000000
Investments311235101133968
Other Assets31343961101153260321336312308333361
Total Assets34354164105159271333341316318341373

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -503-10-18-37-45-444050346
Cash from Investing Activity -12-0-2-2-2-5-2-20-63
Cash from Financing Activity 6-2-21219405145-38-49-24-8
Net Cash Flow-0010002-0-1240

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-18.00-22.00-19.00-31.00-55.00-86.00-169.00-228.00-147.00-129.00-128.00-139.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days67692042870000074500
Inventory Days1,751665
Days Payable4011
Cash Conversion Cycle1,7787242042870000074500
Working Capital Days8426501,4641,4993721753699-3979635
ROCE %10%12%12%12%14%15%14%15%13%11%10%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters34.87%34.87%34.87%34.87%34.87%34.80%34.80%34.80%34.80%34.80%34.81%34.81%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.09%0.00%0.00%
Public65.13%65.12%65.12%65.13%65.12%65.20%65.20%65.20%65.19%65.10%65.19%65.20%
No. of Shareholders4,4034,2914,4774,3814,2735,4325,1235,0645,3415,51810,59910,427

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.0010.0010.0010.0010.00
Basic EPS (Rs.)0.977.326.236.349.62
Diluted EPS (Rs.)0.977.326.236.349.62
Cash EPS (Rs.)0.897.566.476.649.99
Book Value[Excl.RevalReserv]/Share (Rs.)12.91121.45114.58108.2948.60
Book Value[Incl.RevalReserv]/Share (Rs.)12.91121.45114.58108.2948.60
Dividend / Share (Rs.)0.100.500.501.001.00
Revenue From Operations / Share (Rs.)4.5741.5944.5252.1357.41
PBDIT / Share (Rs.)2.6626.6828.8534.7940.55
PBIT / Share (Rs.)2.6426.4528.6134.4840.17
PBT / Share (Rs.)1.1710.128.578.6312.59
Net Profit / Share (Rs.)0.867.326.236.349.62
PBDIT Margin (%)58.3264.1564.7966.7470.64
PBIT Margin (%)57.7263.5764.2466.1569.98
PBT Margin (%)25.5024.3319.2416.5521.92
Net Profit Margin (%)18.9217.5913.9912.1516.75
Return on Networth / Equity (%)6.696.025.435.8519.78
Return on Capital Employeed (%)19.9021.2324.4030.9281.36
Return On Assets (%)3.042.762.362.232.91
Total Debt / Equity (X)1.101.101.191.455.48
Asset Turnover Ratio (%)0.160.150.160.180.19
Current Ratio (X)1.821.841.761.601.11
Quick Ratio (X)1.821.841.761.601.11
Dividend Payout Ratio (NP) (%)11.566.830.0016.006.26
Dividend Payout Ratio (CP) (%)11.216.610.0015.276.03
Earning Retention Ratio (%)88.4493.170.0084.0093.74
Cash Earning Retention Ratio (%)88.7993.390.0084.7393.97
Interest Coverage Ratio (X)1.811.631.441.351.47
Interest Coverage Ratio (Post Tax) (X)1.591.451.311.251.35
Enterprise Value (Cr.)566.64350.62183.26261.00338.91
EV / Net Operating Revenue (X)10.337.023.434.175.85
EV / EBITDA (X)17.7110.945.296.258.27
MarketCap / Net Operating Revenue (X)7.544.140.601.351.25
Retention Ratios (%)88.4393.160.0083.9993.73
Price / BV (X)2.671.420.230.651.48
Price / Net Operating Revenue (X)7.544.140.601.351.25
EarningsYield0.020.040.230.080.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 17.03

The stock is overvalued by 21.87% compared to the current price ₹21.8

Calculation basis:

  • Fair value = (P/E Ratio * (Return on Equity / 100) * Book Value) * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (36.38 cr) and profit (7.92 cr) over the years.
  1. The stock has a low average ROCE of 12.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 210.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 111.67, which may not be favorable.
  4. The company has higher borrowings (123.85) compared to reserves (59.92), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Baid Finserv Ltd:
    1. Net Profit Margin: 18.92%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 19.90% (Industry Average ROCE: 14.98%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 6.69% (Industry Average ROE: 19.98%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.59
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.82
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 18.2 (Industry average Stock P/E: 4.98)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.10
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating: ★★☆☆☆

About the Company

Baid Finserv Ltd. is a Public Limited Listed company incorporated on 20/12/1991 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L65910RJ1991PLC006391 and registration number is 006391. Currently Company is involved in the business activities of Other credit granting. Company’s Total Operating Revenue is Rs. 49.94 Cr. and Equity Capital is Rs. 12.01 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsBaid House, IInd Floor, Jaipur Rajasthan 302006baidfinance@baidgroup.in
http://www.baidfinserv.com
Management
NamePosition Held
Mr. Panna Lal BaidChairman & Managing Director
Mr. Aman BaidWhole Time Director
Mrs. Alpana BaidNon Executive Director
Mr. Mudit SinghiInd. Non-Executive Director
Mr. Monu JainInd. Non-Executive Director
Mr. Anurag PatniInd. Non-Executive Director
Mr. Chaitnya SharmaInd. Non-Executive Director
Mr. Surendra Kumar SinghiInd. Non-Executive Director

Baid Finserv Ltd. Share Price Update

Share PriceValue
Today₹21.85
Previous Day₹21.03

FAQ

What is the latest fair value of Baid Finserv Ltd?

The latest fair value of Baid Finserv Ltd is ₹17.03.

What is the Market Cap of Baid Finserv Ltd?

The Market Cap of Baid Finserv Ltd is 263 Cr..

What is the current Stock Price of Baid Finserv Ltd as on 23 April 2024?

The current stock price of Baid Finserv Ltd as on 23 April 2024 is 21.8.

What is the High / Low of Baid Finserv Ltd stocks in FY 2024?

In FY 2024, the High / Low of Baid Finserv Ltd stocks is ₹48.8/18.5.

What is the Stock P/E of Baid Finserv Ltd?

The Stock P/E of Baid Finserv Ltd is 18.2.

What is the Book Value of Baid Finserv Ltd?

The Book Value of Baid Finserv Ltd is 13.5.

What is the Dividend Yield of Baid Finserv Ltd?

The Dividend Yield of Baid Finserv Ltd is 0.46 %.

What is the ROCE of Baid Finserv Ltd?

The ROCE of Baid Finserv Ltd is 10.0 %.

What is the ROE of Baid Finserv Ltd?

The ROE of Baid Finserv Ltd is 6.90 %.

What is the Face Value of Baid Finserv Ltd?

The Face Value of Baid Finserv Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Baid Finserv Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE