Baid Finserv Limited · NSE:BAIDFIN
Baid Finserv — Q2 FY25 Earnings Presentation
44 slides from Baid Finserv's earnings presentation, Dec 10, 2024
Slide 1: Stock exchange cover letter for investor presentation
Baid Finserv Limited Regd. Office: “Baid House”, IInd Floor, 1-Tara Nagar, Ajmer Road, Jaipur-302006 Ph: 9214018855 E-mail: baidfinance@baidgroup.in Website: www.baidfinserv.com CIN: L65910RJ1991PLC006391 Ref. No.: BAIDFIN/2024-25/79 Date: December 10, 2024 To, BSE Limited, National Stock Exchange o
Slide 2: Q2 FY25 Investor Presentation
Q2 FY25 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Baid Finserv Limited (BAIDFIN, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall n
Slide 4: Q2 FY25 Highlights
Q2 FY25 Highlights
Slide 5: Q2 FY25 Key Financial Highlights
Q2 FY25 Key Financial Highlights Total Income (In ₹ Cr) EBITDA (In ₹ Cr) PAT (In ₹ Cr) 39.06 8.17 21.96 5.08 33.57 21.37 Q2 FY 24 Q2 FY 25 Q2 FY 24 Q2 FY 25 Q2 FY 24 Q2 FY 25 Inves tor Pres entation 4
Slide 6: Q2 FY25 Profit & Loss Statement
Q2 FY25 Profit & Loss S tatement In ₹ Cr Particulars Q2 FY24 Q2 FY25 Revenues 33.25 38.53 Other Income 0.32 0.53 Total Income 33.57 39.06 Raw Material Expenses 2.07 6.29 Employee Costs 3.11 4.40 Other Expenses 6.43 6.50 Total Expenditure 11.61 17.18 EBITDA 21.96 21.87 Finance Costs 10.80 14.74 Depre
Slide 7: Company Overview
Company Overview
Slide 8: Baid FinServ Limited @ Glance
Baid FinServ Limited @ Glance Baid Finserv Limited (BAIDFIN, The Company) is a Non-Deposit Taking NBFC (Base Layer) that specializes in providing Secured M SM E Loans (LAP), Vehicle Loans, and Insurance products. Established in 1991 and based in Jaipur, the company has more than 32 years of experien
Slide 9: Key Metrics Overview
Key Metrics Overview 32 + 52 50,000 + 382 Cr Years Of Experience Branches S atisfied Cu stomers AUM 7,926 BBB 270 0.26% Active Cus tomer Credit Rating Employees Net NPA Care Edge. 5,5 6 6 Customer Q2 FY25 Addition Disbursement Q2FY25 Q2 FY25 Collection Efficiency Revenue ₹ 39.06 Cr 94.76 % EBITDA ₹
Slide 10: Vision, Mission, & Core Values
Vision, Mission, & Core Values Our Vision In its commitment to serving the underserved segments of Integrity Transparency society, the company endeavors to create value at the bottom of the pyramid. By extending financial services to the weaker and often overlooked s ections of society,it aims to ge
Slide 11: Key Milestones In Company's Journey
Key Milestones In Company's Journey Inves tor Pres entation 10
Slide 12: Serving The Underbanked In Semi-urban & Rural Areas
S erving The Underbanked In S emi-urban & Rural Areas 52 branch offices in semi-urban and rural areas across Rajasthan, Madhya Pradesh and Gujarat. Indore (RO) Mehsana Bundi Dudu Jhunjhunu Nawalgarh Phulera Sikar Dedodhar Jodhpur Dewas Mandsaur Sabarkantha Chirawa Dungargarh Kishangarh Neem Ka Thana
Slide 13: Diverse Lending Portfolio With Proven Long Term Relations
Diverse Lending Portfolio With Proven Long Term Relations Banks Financial Institutions The company has 19 active lenders, each providing valuable resources to support its financial endeavors. Inves tor Pres entation 12
Slide 14: Empowering Communities: Baid Finserv's CSR Initiatives
Empowering Communities: Baid Finserv's CSR Initiatives • Baid Finserv Limited's CSR initiatives aim to uplift the disadvantaged/marginalized segments of society by enhancing their quality of life. This includes assistance for serious illnesses, educational support for underprivileged students, and e
Slide 15: Business Overview
Business Overview
Slide 16: Service Offerings: Driving Growth & Diversification
Service Offerings: Driving Growth & Diversification Vehicle Loans Mortgage Loans • Tractor Loan • M S M E Loan • Commercial Vehicle Loan • Loan Against Property • Car Loan Insurance • Life Insurance • Dwelling Insurance • M otor Insurance Inves tor Pres entation 15
Slide 17: Empowering New Borrowers: Service Offering Insights
Empowering New Borrowers: Service Offering Insights Unlocking Mobility For New Vehicle Owners Empowering Dreams, Empowering Entrepreneurs Loans of upto ₹ 10 Lakhs to first Secured loan designed for first-time Vehicle M ortgage time vehicle owners loan takers, offering financing of up Loans Loans to
Slide 18: Quantifying Financial Operations: AUM, Borrowing, & Interest Trends
Quantifying Financial Operations: AMU, Borrowing, & Interest Trends Total AUM (In ₹ Cr) Total Borrowing (In ₹ Cr) 368 382 241 232 305 270 160 171 FY22 FY23 FY24 Q2 FY25 FY22 FY23 FY24 Q2 FY25 Average Lending Rate (In % ) Average Cost Of Borrowings (In % ) 22.5 12.5 22.4 11.9 11.8 21.3 21.25 11.7 FY2
Slide 19: Baid Finserv's Loan Disbursement Framework
Baid Finserv's Loan Disbursement Framework Vehicle Loan Branch M anager Field Officer's Verification of Lead's Field Assessment/ Lead Generation Approval of Credit Inspection (as Validation of Leads KYC and CIBIL Check Valuation required) Telephonic Review Branch Operations Final Approvals by Final
Slide 20: Training & Development Initiatives: Empowering Growth & Efficiency
Training & Development Initiatives: Empowering Growth & Efficiency In No. • New Hire Induction: Comprehensive program introducing company, policies, and Total Workforce structure. 270 • Department Training: Regular sessions at HQ to update on roles and policies. 225 • Internal Communication: Weekly
Slide 21: Streamlined Operations: Enhancing Efficiency Through Technology
Streamlined Operations: Enhancing Efficiency Through Technology Vehicle valuation Data S ecurity Real-time Vehicle All data is centrallybacked Information Technology up on the head office Valuation: Instantly Networking Initiating Valuations via server,with email/folders the Auto Swift App to passwo
Slide 22: Streamlining Payment Processes: Leveraging Digital Solutions For Efficient Collections
Streamlining Payment Processes: Leveraging Digital Solutions For Efficient Collections Digital Payment Mode Collections Collect-ON: This application helps getting real time collection NACH:Activation of NACH in less than 48 hrs. with high level of accuracy and least manual interference. receipt by p
Slide 23: Collection Escalation Protocol To Strengthening Procedures
Collection Escalation Protocol To Strengthening Procedures Relationship Collection Collection SMS Collection Calls Branch Manager Credit Manager Collection Head Executive Executive Manager 0 - 30 Days 31 – 60 Days 61 – 90 Days 91 – 150 Days > 150 Days Maintaining Vigilance Strategizing Debt Recovery
Slide 24: Structured Legal Procedures For Debt Default Management & Asset Possession
Structured Legal Procedures For Debt Default Management & Asset Possession Notice 1 • Defaulter Notice 30-60 Days • As s et Verification Notice 60-90 Days • Pre-Repo Auto Mode > 90 Days Arbitration 2 • Iss ue a notice U/s 21 of Arbitration Act • Receiver order takes in sec 17 through arbitrator in a
Slide 25: Key Operational Efficiency Indicators
Key Operational Efficiency Indicators Gros s NPA (In % ) Net NPA (In % ) 3.3 2.9 1.02 2.6 2.68 0.64 0.36 0.26 FY22 FY23 FY24 Q2FY25 FY22 FY23 FY24 Q2 FY25 Fresh Disbursement (In ₹ Cr) Collection Efficiency (In % ) 179 95.2 95.5 113.3 94.7 87.88 83.8 88.4 FY22 FY23 FY24 Q2 FY25 FY22 FY23 FY24 Q2 FY25
Slide 26: Management Overview
Management Overview
Slide 27: Core Management Team
Core Management Team Mr. Panna Lal Baid Aman Baid Chairman and Managing Director Whole Time Director Mr. Panna Lal Baid, the founder of Baid Finserv Limited is a first-generation Mr. Aman Baid, a post-graduate in FMB from SP Jain School of Global entrepreneur with over 53 years of experience across
Slide 28: Core Management Team
Core Management Team Mr.Aditya Baid Mr.Abhishek Rathore Ms. Surbhi Rawat CFO and Product Head Business Head Company Secretary and (M sm e Loans and Property Loan s) Compliance Officer Mr. Aditya Baid, a seasoned third-generation Mr. Abhishek Rathore, a Banking and Finance Ms. Surbhi Rawat, a qualifi
Slide 29: Industry Overview
Industry Overview
Slide 30: Rise Of NBFCs: Transforming Retail Finance Landscape
Rise Of NBFCs: Transforming Retail Finance Landscape NBFCs expect 13–14% credit growth in FY25, Lending businesses are prospering without needing large physical setups. Projections suggest NBFCs credit will grow at a rate of 13–15% from FY23 to FY25. Non-banking financial companies (NBFCs) are rap
Slide 31: Navigating Growth Trajectories: Insights Into NBFC AUM Expansion
Navigating Growth Trajectories: Insights Into NBFC AUM Expansion NBFCs Retail Credit Is Expected To Increase At (In Tn) Vehicle finance anticipated to sustain 17-18% growth, supported by 13–15% CAGR In Next 3 Years solid underlying-asset sales. 23 18 16 • Assets under management (AUM) of non-banking
Slide 32: Financial Overview
Financial Overview
Slide 33: Key Financial Highlights
Key Financial Highlights Total Income (In ₹ Cr) EBITDA (In ₹ Cr) PAT (In ₹ Cr) 41.64 66.36 12.92 55.73 32.04 31.99 10.38 50.05 8.79 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 Inves tor Pres entation 32
Slide 34: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particulars FY22 FY23 FY24 Revenues 49.94 54.85 65.92 Other Income 0.11 0.88 0.44 Total Income 50.05 55.73 66.36 Raw Material Expenses 0.01 1.54 4.50 Employee Costs 4.94 5.47 6.81 Other Expenses 13.06 16.73 13.41 Total Expenditure 18.01 23.74 24.72 EBITDA 32.04 31.99
Slide 35: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY22 FY23 FY24 Assets FY22 FY23 FY24 Equity 12.01 24.02 24.01 Non- Financial Assets Reserves 133.82 130.99 142.77 Fixed Assets 1.27 1.26 4.04 Net Worth 145.83 155.01 166.78 Inventories 0.1 0.04 0.45 Financial Liabilities: Deferred Tax Assets (Net) 0.06 0.
Slide 36: Cash Flow Statement
Cash Flow S tatement In ₹ Cr Particulars FY22 FY23 FY24 Cashflow from Operations 34.00 5.53 -21.77 Cashflow from Investments -5.58 2.81 -1.59 Cashflow from Financing -24.27 -7.93 46.94 Net Cash flow 4.15 0.42 23.58 Opening Cash & Cash Equivalent 4.43 8.58 8.99 Closing Cash & Cash Equivalent 8.58 8.9
Slide 37: Key Ratios
Key Ratios ROE (In % ) ROCE (In % ) 7.75 10.39 6.7 6.0 10.07 9.72 FY22 FY23 FY24 FY22 FY23 FY24 ROA (In % ) NIM (In % ) 3.15 10.7 3.14 10.3 2.84 9.9 FY22 FY23 FY24 FY22 FY23 FY24 Inves tor Pres entation 36
Slide 38: Key Ratios
Key Ratios AUM/Net-Worth (In Tim es ) AUM/ S ecured Borrowing (In Times ) 2.3 1.8 2.0 1.9 1.7 1.6 FY22 FY23 FY24 FY22 FY23 FY24 Total Outside Liabilities & Total Net worth (In ₹ Cr) Total Outside Liabilities/Total Net worth (In Times ) NW TOL 1.5 242 1.2 1.2 186 172 167 146 155 FY22 FY23 FY24 FY22 F
Slide 39: Portfolio Segmentation by Products
Portfolio Segmentation by Products (In % ) FY23 (In % ) FY24 (In % ) Q2 FY25 FY22 6.80 7.30 19.50 26.26 80.50 73.74 93.20 92.70 Hosing/LAP Vehicle (In ₹ Cr) FY22 FY23 FY24 Q2 FY25 Housing/LAP 245.36 278.94 296.24 281.62 Vehicle 17.79 21.92 71.76 100.30 Total 263.15 300.86 367.99 381.92 Inves tor Pre
Slide 40: Stock Data
Stock Data BSE: 511724 NSE: BAIDFIN | ISIN: INE020D01022 As on 10-12-2024 Share Holding Pattern As on 30-09-2024 Share Price (₹) 15.85 Market Capitalization (₹ Cr) 190.31 35.41 Promoter & Promoter Group No. of Shares Outstanding 12,00,68,300 Non-Ins titutional Inves tor 64.59 Face Value (₹) 2.00 52-
Slide 41: Growth Strategy
Growth Strategy
Slide 42: Future Growth Drivers: Unlocking Potential for Success
Future Growth Drivers: Unlocking Potential for Success • The business in Madhya Pradesh is thriving, with operations and growth progressing rapidly. Disbursements are increasing at a steady rate of 15% on a month-to-month basis. • Company will open new branches in Maharashtra by the end of Q4 FY25.
Slide 43: SWOT Analysis
S WOT Analysis Strengths Weakness Company's promoters, comprising both young, Growing competition from finance companies and banks. dynamic individuals and experienced, visionary Continual inflationary trends. leaders, have es tablished a robus t pres ence in the Increasing cos ts of obtaining funds
Slide 44: Thank You
Thank You Baid Finserv Limited “Baid House”,IIND Floor,1,Tara Nagar,Ajmer Road,Jaipur- 302006 (Rajas than) India E-mail: info@baidfinserv.com Phone: 91 9116133220 Website: www.baidfins erv.com