Baid Finserv Limited · NSE:BAIDFIN
Baid Finserv — Q3 FY24 Earnings Presentation
43 slides from Baid Finserv's earnings presentation, Apr 5, 2024
Slide 1: Baid Finserv Limited
Baid Finserv Limited (Formerly known as “Baid Leasing and Finance Co. Ltd.”) Regd. Office: “Baid House”, IInd Floor, 1-Tara Nagar, Ajmer Road, Jaipur-06 Ph: 9214018855 E-mail: baidfinance@baidgroup.in Website: www.baidfinserv.com CIN: L65910RJ1991PLC006391 Ref. No.: BAIDFIN/2024-25/04 Date: April 05
Slide 2: Investor Presentation
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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: Company Overview
Company Overview
Slide 5: Baid FinServ Limited @ Glance
Baid FinServ Limited @ Glance Baid Finserv Limited (BAIDFIN, The Company) is a Non-Deposit Taking NBFC that specializes in providing Secured MSME Loans (LAP), Vehicle Loans, and Insurance products. Established in 1991 and based in Jaipur, the company has more than 30 years of experience serving cust
Slide 6: Key Metrics Overview
Key Metrics Overview 30 + 40 50,000 + 300 + Cr Years Of Experience Satisfied Customers AUM Branches 6,500 + BBB 210 0.64% Active Customer Credit Rating Employees Net NPA Care Edge. 4,301 Customer FY23 Addition Disbursement FY23 D FY23 Collection Efficiency Revenue ₹ 56 Cr ₹ 113 Cr. 95.2% EBITDA ₹ 32
Slide 7: 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 sections of society, it aims to ge
Slide 8: Key Milestones In Company's Journey
Key Milestones In Company's Journey Presence: Baid Finserv Expands into Palanpur, Mehsana, and Launch: Sabarkantha LAP/Mortgage Districts, Gujarat. Loans. ₹ 100 crores AUM Inception: 2024 Baid Finserv 2015 2016 Established as Public Limited Customer Outreach: Company in Total Customer Reach 2023 Jai
Slide 9: Serving The Underbanked In Semi-urban & Rural Areas
Serving The Underbanked In Semi-urban & Rural Areas 40 branch offices in semi-urban and rural areas across Rajasthan, Madhya Pradesh and Gujarat. Indore (RO) Mandsaur Ratlam Sehore Ujjain Mehsana Sabarkantha Palanpur Ajmer Bikaner Bundi Chirawa Chomu Danta Deedwana Dudu Dungargarh Gudha Gorji Harsor
Slide 10: Diverse Lending Portfolio With Proven Long Term Relations
Diverse Lending Portfolio With Proven Long Term Relations Banks Financial Institutions The company has 15 active lenders, each providing valuable resources to support its financial endeavors. Investor Presentation 9
Slide 11: 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 12: Business Overview
Business Overview
Slide 13: Service Offerings: Driving Growth & Diversification
Service Offerings: Driving Growth & Diversification Vehicle Loans Mortgage Loans • Tractor Loan • MSME Loan • Commercial Vehicle Loan • Loan Against Property • Car Loan Insurance • Life Insurance • Dwelling Insurance • Motor Insurance Investor Presentation 12
Slide 14: 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 Mortgage time vehicle owners loan takers, offering financing of up Loans Loans to ₹
Slide 15: Quantifying Financial Operations: AMU, Borrowing, & Interest Trends
Quantifying Financial Operations: AMU, Borrowing, & Interest Trends Total AMU (In ₹ Cr) Total Borrowing (In ₹ Cr) 336 179 305 270 249 171 164 160 FY21 FY22 FY23 9M FY24 FY21 FY22 FY23 9M FY24 Average Lending Rate (In %) Average Cost Of Borrowings (In %) 23.8 12.9 12.5 22.5 22.4 22.0 12.1 11.9 FY21 F
Slide 16: Baid Finserv's Loan Disbursement Framework
Baid Finserv's Loan Disbursement Framework Vehicle Loan Branch Manager 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 A
Slide 17: 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. 216 • Department Training: Regular sessions at HQ to update on roles and policies. 178 • Internal Communication: Weekly
Slide 18: Streamlined Operations: Enhancing Efficiency Through Technology
Streamlined Operations: Enhancing Efficiency Through Technology Vehicle valuation Data Security Real-time Vehicle All data is centrally backed Information Technology up on the head office Valuation: Instantly Networking Initiating Valuations via server, with email/ folders the Auto Swift App to pass
Slide 19: 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 receipt by printer to customer. All Collection executives are issued 48 hrs. w
Slide 20: 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 21: 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 • Asset Verification Notice 60-90 Days • Pre-Repo Auto Mode > 90 Days Arbitration 2 • Issue a notice U/s 21 of Arbitration Act • Receiver order takes in sec 17 through arbitrator in arbi
Slide 22: Key Operational Efficiency Indicators
Key Operational Efficiency Indicators Gross NPA (In %) Net NPA (In %) 3.5 3.3 2.9 1.6 2.6 1.0 0.6 0.4 FY21 FY22 FY23 9M FY24 FY21 FY22 FY23 9M FY24 Fresh Disbursement (In ₹ Cr) Collection Efficiency (In %) 94.8 120.3 113.3 95.2 79.6 83.8 55.1 89.0 88.4 FY20 FY21 FY22 FY23 9M FY24 FY21 FY22 FY23 9M F
Slide 23: Management Overview
Management Overview
Slide 24: 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 25: Core Management Team
Core Management Team Mr. Aditya Baid Mr. Abhishek Rathore Ms. Surbhi Rawat CFO and Product Head Business Head Company Secretary and (Msme Loans and Property Loans) Compliance Officer Mr. Aditya Baid, a seasoned third-generation Mr. Abhishek Rathore, a Banking and Finance Ms. Surbhi Rawat, a qualifie
Slide 26: Industry Overview
Industry Overview
Slide 27: Rise Of NBFCs: Transforming Retail Finance Landscape
Rise Of NBFCs: Transforming Retail Finance Landscape NBFCs expect 13–14% credit growth in FY24, 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 28: 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 29: Financial Overview
Financial Overview
Slide 30: Q3 FY24 Financial Performance Highlights
Q3 FY24 Financial Performance Highlights Total Income (In ₹ Cr) EBITDA (In ₹ Cr) Net Profit (In ₹ Cr) 10.88 3.61 17.58 8.65 2.8 13.47 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Investor Presentation 29
Slide 31: Q3 FY24 & 9M FY24 Result Highlights
Q3 FY24 & 9M FY24 Result Highlights In ₹ Cr Particulars Q3 FY23 Q3 FY24 Y-O-Y 9M FY23 9M FY24 Y-O-Y In ₹InCr₹ Cr Revenues 13.46 17.51 39.68 50.76 Other Income 0.01 0.07 0.94 0.39 Total Revenue 13.47 17.58 30.51% 40.62 51.15 25.93% Raw Material Costs 0.00 1.51 0.00 3.58 Employee Costs 1.53 1.93 4.40
Slide 32: Key Financial Highlights
Key Financial Highlights Total Income (In ₹ Cr) EBITDA (In ₹ Cr) Net Profit (In ₹ Cr) 55.73 54.11 50.05 34.63 10.38 32.04 31.91 8.79 7.48 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 Investor Presentation 31
Slide 33: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particulars FY21 FY22 FY23 Revenues 53.46 49.94 54.85 Other Income 0.65 0.11 0.88 Total Income 54.11 50.05 55.73 Raw Material Expenses -0.04 0.01 1.54 Employee Costs 5.45 4.94 5.47 Other Expenses 14.06 13.06 16.73 Total Expenditure 19.47 18.01 23.74 EBITDA 34.64 32.04
Slide 34: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY21 FY22 FY23 Assets FY21 FY22 FY23 Equity 12.01 12.01 24.02 Non- Financial Assets Reserves 125.56 133.82 130.99 Fixed Assets 1.25 1.27 1.26 Net Worth 137.57 145.83 155.01 Inventories 0.11 0.10 0.04 Financial Liabilities: Deferred Tax Assets (Net) 0.01 0
Slide 35: Cash Flow Statement
Cash Flow Statement In ₹ Cr Particulars FY21 FY22 FY23 Cashflow from Operations 50.48 34.00 5.53 Cashflow from Investments 0.40 -5.58 2.81 Cashflow from Financing -48.68 -24.27 -7.93 Net Cash flow 2.20 4.15 0.42 Opening Cash & Cash Equivalent 2.22 4.43 8.58 Closing Cash & Cash Equivalent 4.43 8.58 8
Slide 36: Key Ratios
Key Ratios ROE (In %) ROCE (In %) 6.7 11.4 6.0 5.4 10.4 9.7 FY21 FY22 FY23 FY21 FY22 FY23 ROA (In %) NIM (In %) 3.2 10.3 2.8 2.3 9.9 9.6 FY21 FY22 FY23 FY21 FY22 FY23 Investor Presentation 35
Slide 37: Key Ratios
Key Ratios AUM/Net-Worth (In Times) AUM/ Secured Borrowing (In Times) 2.0 1.8 1.8 1.9 1.8 1.6 FY21 FY22 FY23 FY21 FY22 FY23 Total Outside Liabilities & Total Net worth (In ₹ Cr) Total Outside Liabilities/Total Net worth (In Times) NW TOL 179 186 172 155 1.3 138 146 1.2 1.2 FY21 FY22 FY23 FY21 FY22 F
Slide 38: Portfolio Segmentation by Products
Portfolio Segmentation by Products (In %) (In %) (In %) FY21 FY22 FY23 10.4 6.8 7.3 89.6 93.2 92.7 Hosing/LAP Vehicle (In ₹ Cr) FY21 FY22 FY23 Housing/LAP 223.22 245.36 278.94 Vehicle 25.83 17.79 21.92 Total 249.05 263.15 300.86 Investor Presentation 37
Slide 39: Stock Data
Stock Data BSE: 511724 NSE: BAIDFIN | ISIN: INE020D01022 As on 21-03-2024 Share Holding Pattern As on 31-12-2023 Share Price (₹) 20.75 Market Capitalization (₹ Cr) 249.14 34.8 Promoter & Promoter Group No. of Shares Outstanding 12,00,68,300 Non-Institutional Investor 65.2 Face Value (₹) 2.00 52-week
Slide 40: Growth Strategy
Growth Strategy
Slide 41: 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 with the employee capac
Slide 42: SWOT Analysis
SWOT 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 established a robust presence in the Increasing costs of obtaining funds. fin
Slide 43: Thank You
Thank You Baid Finserv Limited IIND Floor, 1, Tara Nagar, Ajmer Road, Jaipur- 302006, Rajasthan, India E-mail: info@baidfinserv.com Phone: 91 9116133220 Website: www.baidfinserv.com Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604 E-mail: info@kirinadvisors