Baid Leasing & Finance Co Ltd

Baid Leasing and Finance Co. is an India-based non-banking finance company. The Company is engaged in the business of vehicle financing and loan against mortgage of property. The Company is also engaged in hire purchase, leasing, lending, securities investments and trading, and negotiable instruments.

Pros:
Company is expected to give good quarter
Promoter's stake has increased
Company has good consistent profit growth of 41.49% over 5 years
Cons:
Company has low interest coverage ratio.
Promoter holding is low: 24.87%

Peer Comparison Sector: Finance // Industry: Finance & Investments

Loading peers table ...

Quarterly Results Figures in Rs. Crores

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
7.36 7.45 7.43 6.22 8.79 9.79 10.87 11.40 14.43 16.25 15.69 11.76
2.84 3.31 3.03 2.41 3.12 3.88 3.53 3.99 5.57 5.51 4.53 3.38
Operating Profit 4.52 4.14 4.40 3.81 5.67 5.91 7.34 7.41 8.86 10.74 11.16 8.38
OPM % 61.41% 55.57% 59.22% 61.25% 64.51% 60.37% 67.53% 65.00% 61.40% 66.09% 71.13% 71.26%
Other Income 0.01 0.01 0.05 0.01 0.10 0.01 0.05 0.04 0.01 0.05 0.01 0.37
Interest 1.88 2.41 3.10 3.63 3.44 3.30 5.05 6.22 5.89 7.08 7.85 7.57
Depreciation 0.03 0.03 0.03 0.10 0.06 0.06 0.06 0.08 0.07 0.06 0.04 0.22
Profit before tax 2.62 1.71 1.32 0.09 2.27 2.56 2.28 1.15 2.91 3.65 3.28 0.96
Tax % 32.44% 33.92% 40.91% -244.44% 27.75% 37.89% 33.33% 20.87% 27.84% 27.95% 28.05% 21.88%
Net Profit 1.77 1.13 0.77 0.31 1.65 1.60 1.53 0.90 2.11 2.64 2.36 0.75
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
1.71 1.82 2.15 3.86 3.64 9.26 15.17 7.35 8.44 18.14 28.50 40.85 58.13
1.27 1.04 1.46 2.30 1.65 6.39 16.29 3.27 3.04 8.44 11.53 14.52 18.99
Operating Profit 0.44 0.78 0.69 1.56 1.99 2.87 -1.12 4.08 5.40 9.70 16.97 26.33 39.14
OPM % 25.73% 42.86% 32.09% 40.41% 54.67% 30.99% -7.38% 55.51% 63.98% 53.47% 59.54% 64.46% 67.33%
Other Income 0.01 0.27 0.00 0.19 0.00 0.00 5.08 0.00 0.00 0.05 0.02 0.20 0.44
Interest 0.21 0.30 0.47 0.83 1.05 1.90 2.62 2.49 3.43 5.54 11.07 18.01 28.39
Depreciation 0.01 0.01 0.01 0.02 0.01 0.03 0.05 0.05 0.16 0.19 0.20 0.25 0.39
Profit before tax 0.23 0.74 0.21 0.90 0.93 0.94 1.29 1.54 1.81 4.02 5.72 8.27 10.80
Tax % 60.87% 18.92% 23.81% 34.44% 34.41% 31.91% 21.71% 34.42% 33.70% 31.59% 30.59% 31.32%
Net Profit 0.09 0.60 0.16 0.59 0.61 0.64 1.00 1.02 1.20 2.75 3.97 5.67 7.86
EPS in Rs 0.15 0.98 0.26 0.96 0.99 1.04 1.63 1.65 1.95 4.47 3.93 5.62
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.72% 0.00%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:36.49%
5 Years:21.91%
3 Years:69.15%
TTM:42.30%
Compounded Profit Growth
10 Years:25.18%
5 Years:41.49%
3 Years:67.80%
TTM:38.38%
Return on Equity
10 Years:11.28%
5 Years:13.74%
3 Years:15.38%
Last Year:14.78%

Balance Sheet Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
6.15 6.15 6.15 6.15 6.15 6.15 6.15 6.15 6.15 6.15 10.10 10.10 10.10
Reserves 2.06 2.65 2.81 3.40 4.01 4.66 5.66 6.67 7.87 10.62 26.24 30.27 37.61
Borrowings 2.01 3.17 4.18 7.25 12.97 20.53 20.72 23.38 35.90 64.52 103.39 157.00 214.37
3.39 0.75 0.90 1.93 2.71 2.83 2.55 4.66 14.51 23.61 19.44 74.14 71.64
Total Liabilities 13.61 12.72 14.04 18.73 25.84 34.17 35.08 40.86 64.43 104.90 159.17 271.51 333.72
0.15 0.14 0.14 0.12 0.11 0.48 0.43 0.39 0.93 1.19 1.01 1.90 1.69
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 0.42 0.99 0.80 1.15 2.93 3.14 0.74 1.07 2.09 3.20 5.43 9.68 11.08
13.04 11.59 13.10 17.46 22.80 30.55 33.91 39.40 61.41 100.51 152.73 259.93 320.95
Total Assets 13.61 12.72 14.04 18.73 25.84 34.17 35.08 40.86 64.43 104.90 159.17 271.51 333.72

Cash Flows Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
0.54 -0.74 -1.15 -2.71 -3.79 -5.11 0.31 2.64 -10.18 -17.76 -37.33 -43.68
0.00 -0.54 0.18 -0.36 -1.78 -0.63 2.36 -0.34 -1.62 -1.57 -2.26 -6.21
-0.53 1.15 1.00 3.07 5.59 5.66 -2.43 -1.69 11.95 19.42 39.97 51.45
Net Cash Flow 0.01 -0.13 0.03 0.00 0.02 -0.08 0.24 0.61 0.15 0.09 0.39 1.56

Ratios Figures in Rs. Crores

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 4.11% 9.37% 5.42% 11.56% 9.92% 10.43% 12.24% 11.73% 12.17% 14.50% 15.18% 15.59%
Debtor Days 339.39 196.54 152.79 119.15 146.40 66.61 69.05 203.61 287.16 0.00 0.00 0.00
Inventory Turnover 0.23 0.23 0.27 0.36 0.25 0.47 0.63 0.25 0.20 0.38 0.73 1.43