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Baid Finserv Limited (BAIDFIN)

₹9.89 -1.10% last close, 16 Oct

📊 NSE: BAIDFIN 🏢 Finance & Investments 📢 Latest filing: 07 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Baid Finserv's net interest income was ₹13.7 Cr (-13.2% year on year, -20.3% on the previous quarter), and net profit ₹4.3 Cr (+8.1% year on year).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Net interest income	₹13.7	-13.2%	-20.3%
Operating profit	₹5.8	—	—
Net profit	₹4.3	+8.1%	+161.7%
EPS (₹)	0.28	+3.7%	+154.5%

Full quarterly financials → Results calendar →

BAIDFIN delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 81.84% of the BAIDFIN shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.73%. That is close to its usual level. Turnover was only ₹13 lakh, so a handful of trades can move this figure.

81.84%Delivery, 16 Oct

73.73%Own 20-session average

0.9×Volume vs its average

₹9.89NSE close · -1.10%

Delivery in the last 5 sessions: 56.5% · 81.4% · 87.6% · 78.6% · 81.8%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Baid Finserv Reports Nil Physical Share Re-Lodgement Requests for September 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Oct 2026, 11:14 AM

Baid Finserv Limited submitted a compliance report regarding the special window for re-lodgement of transfer requests of physical shares for September 2026 pursuant to SEBI circular guidelines. As per the report received from its Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, zero requests were received, processed, approved, or rejected during the month. This filing represents a routine regulatory compliance requirement and has zero financial or operational bearing on the business.

Zero requests received for re-lodgement of transfer of physical shares during September 2026
Zero requests approved, processed, or rejected during the reporting period
Compliance submitted in reference to SEBI circular dated January 30, 2026
Average time taken for processing requests reported at zero days

💡 No action is needed by investors as this is purely a standard monthly compliance filing. Track the company's upcoming Q2 FY27 earnings and AUM growth for fundamental updates.

Baid Finserv Submits Reg 74(5) Dematerialisation Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 06 Oct 2026, 04:00 PM

Baid Finserv Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent, MCS Share Transfer Agent Limited, confirms that securities received for dematerialisation were processed and listed within 15 days of receipt. Additionally, the corresponding physical certificates were cancelled and mutilated per regulatory standards. This is a recurring administrative filing and involves no financial or operational impact.

Compliance certificate submitted for the quarter ended September 30, 2026
Confirmation issued by RTA MCS Share Transfer Agent Limited on October 6, 2026
Securities received for dematerialisation processed within the mandatory 15-day period

💡 No investor action required. Investors should track upcoming board meeting announcements for Q2 FY27 financial results.

CARE Reaffirms Baid Finserv's Credit Rating for Rs 305 Cr Bank Facilities at 'CARE BBB; Stable/A3'

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 30 Sep 2026, 03:36 PM

Baid Finserv Limited announced that CARE Ratings Limited has reaffirmed its credit ratings for bank facilities totaling Rs 305.00 crore. The Long Term Bank Facilities are reaffirmed at 'CARE BBB; Stable', while Short Term Bank Facilities stand reaffirmed at 'CARE A3'. The reaffirmed facilities of Rs 305 crore are substantial compared to the company's TTM revenue of Rs 97 crore and Net Worth of Rs 233 crore, underscoring continued banking support. This ensures stable borrowing terms for the NBFC's ongoing lending operations.

CARE Ratings reaffirmed ratings for Rs 305.00 crore bank facilities
Long-Term rating reaffirmed at 'CARE BBB; Stable'
Short-Term rating reaffirmed at 'CARE A3'
Rating letter dated September 29, 2026 under ref CARE/HO/RL/2026-27/2993

💡 Track the company's cost of funds and quarterly asset quality metrics (Gross NPA was 3.31% in Q1 FY26) to see if stable credit ratings translate into better borrowing spreads.

Baid Finserv Approves Final Dividend of ₹0.10 Per Share (5%) for FY25-26

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 24 Sep 2026, 04:20 PM

Baid Finserv shareholders have formally approved a final dividend of ₹0.10 per equity share (5% on a face value of ₹2) for FY25-26 during its 35th AGM held on September 23, 2026. Relative to the current share price of ₹10.9, the dividend translates to a modest dividend yield of approximately 0.92%. For FY26, the company generated an annual net profit of ₹14.98 Cr on revenue of ₹99.19 Cr. The total cash outgo remains minimal relative to its net worth of ₹233 Cr.

Shareholders approved final dividend of ₹0.10 per share (5% of ₹2 face value)
Dividend declared for the Financial Year 2025-26
Approval granted at the 35th Annual General Meeting held on September 23, 2026

💡 Track the payment timeline and ex-dividend adjustments, and monitor Q2 FY27 operational metrics including Gross NPA trends and geographical expansion into Maharashtra.

Baid Finserv Shareholders Approve MOA Object Clause Alteration at 35th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Sep 2026, 04:14 PM

Baid Finserv Limited announced that its shareholders approved an amendment to Clause III(A) (Main Objects) of the Memorandum of Association at the 35th AGM held on September 23, 2026. The amendment adds Sub-clause 7, significantly broadening the scope of financing activities the company is authorized to conduct. The expanded object clause now encompasses vehicle loans, gold/silver loans, digital lending, peer-to-peer lending, co-lending, factoring, and structured finance. This is an enabling corporate action that aligns the charter documents with diversified retail lending and fintech-driven expansion plans.

Shareholders approved the insertion of Sub-clause 7 into Clause III(A) of the MOA at the 35th AGM on September 23, 2026.
The 35th AGM was held via Video Conferencing between 03:00 P.M. and 03:37 P.M. IST.
Expanded activities cover broad lending spectrum including gold loans, digital lending, factoring, co-lending, and trade finance.
Company reported TTM revenue of Rs 97 Cr and Assets Under Management of Rs 411.18 Cr as of Q1 FY26.

💡 Track subsequent product launch announcements and quarterly AUM updates to see which new lending verticals are operationalized.

Baid Finserv Shareholders Approve AGM Resolutions, Including MOA Alteration

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Sep 2026, 03:51 PM

Baid Finserv has submitted the Scrutinizer's Report for its 35th Annual General Meeting held on September 23, 2026. All proposed ordinary and special resolutions were passed with the requisite majority. Notably, a special resolution to alter the object clause of the Memorandum of Association (MOA) received 99.9988% favorable votes, with 9,76,78,977 total valid votes cast representing 63.06% of the company's 15,48,88,107 shares. Institutional turnout was zero, while promoter participation stood at 91.81% of their holdings.

All AGM resolutions passed with requisite majority on September 23, 2026
Special Resolution for MOA object clause alteration approved with 99.9988% votes in favor
Overall voter turnout stood at 63.0642% representing 9,76,78,977 polled votes out of 15,48,88,107 total shares
Promoter group polled 6,73,89,413 votes (91.8115% of promoter holdings), all 100% in favor

💡 Track subsequent regulatory filings or MCA approvals regarding the specific scope of the altered MOA object clause to see if it enables new business lines.

Baid Finserv Concludes 35th AGM; Re-Appoints CMD and Approves ₹0.10/Share Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Sep 2026, 04:48 PM

Baid Finserv held its 35th AGM on September 23, 2026, where shareholders reviewed FY26 operational performance, including total income of ₹99.19 crore and PAT of ₹14.97 crore. Key agenda items included the declaration of a final dividend of ₹0.10 per share (5% on ₹2 face value) and the re-appointment of Mr. Panna Lal Baid as Chairman & Managing Director for a 3-year term from April 2027. The company highlighted that its AUM expanded 20.35% to ₹476.89 crore in FY26, alongside raising ₹30.02 crore via a rights issue.

Declared a final dividend of ₹0.10 per equity share (5% on face value of ₹2)
AUM grew 20.35% YoY to ₹476.89 crore as of FY26
Reported FY26 Total Income of ₹99.19 crore and PAT of ₹14.97 crore with Gross NPA at 2.66%
Re-appointment of Chairman & Managing Director Mr. Panna Lal Baid for 3 years from April 01, 2027 to March 31, 2030 approved for voting
Completed ₹30.02 crore rights issue and converted 24,01,366 warrants during the year

💡 Monitor the formal scrutiny report of e-voting results due within two working days, and watch for Q2 FY27 results to track collection efficiency and asset quality trends.

Baid Finserv Trading Window to Close from October 01, 2026 for Q2 FY27 Results

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 23 Sep 2026, 12:42 PM

Baid Finserv Limited has announced the closure of its trading window starting October 01, 2026, in compliance with SEBI Insider Trading Regulations. The closure applies to designated persons and their relatives ahead of the announcement of unaudited financial results for the quarter and half-year ending September 30, 2026. The window will reopen 48 hours after the declaration of the financial results. The exact date for the board meeting to approve the results will be intimated in due course.

Trading window closes on October 01, 2026
Applies ahead of unaudited financial results for the quarter and half year ending September 30, 2026
Reopens 48 hours after financial results are formally declared

💡 Track the upcoming corporate announcement regarding the scheduled board meeting date for Q2 FY27 financial results.

Baid Finserv Reports Zero Physical Share Re-Lodgement Requests for August 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 08 Sep 2026, 11:31 AM

Baid Finserv Limited submitted its monthly compliance report from Registrar and Share Transfer Agent MCS Share Transfer Agent Limited for August 2026. The submission is made pursuant to SEBI's circular dated January 30, 2026, regarding the special window for re-lodgement of transfer requests for physical shares. For the month of August 2026, the company recorded zero requests received, zero processed, zero approved, and zero rejected.

Zero requests received for re-lodgement of physical shares during August 2026
Zero requests processed, approved, or rejected by RTA MCS Share Transfer Agent Limited
Filing submitted in compliance with SEBI Circular dated January 30, 2026

💡 Track core lending metrics such as quarterly AUM growth (Rs 411.18 Cr in Q1 FY26) and Gross NPA levels (3.31% in Q1 FY26) rather than routine RTA compliance filings.

Baid Finserv receives Rs 8.16 Cr upon conversion of 72.04 lakh promoter warrants

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 27 Aug 2026, 04:10 PM

Baid Finserv Limited has submitted a Statutory Auditor Certificate confirming the receipt of Rs 8.16 Cr (75% balance consideration) from promoter group allottees for the conversion of 72,04,099 warrants into equity shares. The warrants were issued at Rs 15.10 per share (face value Rs 2, premium Rs 13.10), notably higher than the current market price of Rs 9.80. With this allotment on August 26, 2026, along with 48.03 lakh shares allotted in March 2026, all 1,20,06,831 preferential warrants stand fully converted with zero warrants outstanding.

Received Rs 8,15,86,421 as 75% balance money for conversion of 72,04,099 warrants into equity shares
Conversion executed at Rs 15.10 per share (face value Rs 2 + premium Rs 13.10)
All 1,20,06,831 preferential warrants issued to promoters are now 100% converted into equity shares
Earlier tranche of 48,02,732 shares was allotted on March 12, 2026

💡 Track the updated shareholding pattern and capital deployment into the company's loan book expansion in upcoming quarterly reports.

Baid Finserv Dispatches FY26 Annual Report; 35th AGM Scheduled for September 23, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Aug 2026, 12:57 PM

Baid Finserv Limited has issued its Annual Report for FY 2025-26 along with the notice for its 35th Annual General Meeting, scheduled for September 23, 2026. For FY26, the company reported Assets Under Management (AUM) growth of 20.35% to Rs 476.89 crore, while total loan disbursements stood at Rs 243.77 crore. Net profit for the year reached Rs 14.97 crore, supported by an expanded customer base of over 9,850 clients. Additionally, promoter shareholding increased from 36.25% to 47.39% following equity infusions during the year.

35th AGM scheduled for September 23, 2026 at 03:00 PM IST via Video Conferencing
AUM increased 20.35% YoY to Rs 476.89 crore in FY26
FY26 loan disbursements reached Rs 243.77 crore with net profit at Rs 14.97 crore
Promoter and promoter group shareholding increased to 47.39% as of March 31, 2026, up from 36.25%

💡 Track voting outcomes at the upcoming AGM on September 23, 2026, and monitor asset quality trends (GNPA) and disbursement growth in the upcoming Q2 FY27 results.

Baid Finserv Issues 35th AGM Notice for Sep 23, 2026; Proposes ₹0.10/Share Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Aug 2026, 12:54 PM

Baid Finserv Limited has released the notice for its 35th Annual General Meeting (AGM) scheduled for September 23, 2026, along with its FY26 Annual Report. The agenda includes shareholder approval for a final dividend of ₹0.10 per equity share (5% of face value ₹2) for FY25-26. Key management resolutions include the re-appointment of founder Mr. Panna Lal Baid as Chairman and Managing Director for a 3-year term (April 2027 to March 2030) at remuneration up to ₹8,00,000 per month, and the appointment of Mr. Himanshu Kumar Jain as an Independent Director for 5 years.

35th AGM to be held on Wednesday, September 23, 2026, via Video Conferencing / OAVM.
Recommended final dividend of ₹0.10 per equity share of face value ₹2 (5%) for FY25-26.
Proposed re-appointment of CMD Mr. Panna Lal Baid (age 83) for 3 years from April 1, 2027, with remuneration up to ₹8,00,000/month.
Appointment of Mr. Himanshu Kumar Jain as Non-Executive Independent Director for a 5-year term from August 13, 2026.

💡 Shareholders can review the FY26 Annual Report and participate in the remote e-voting process ahead of the AGM on September 23, 2026.

Baid Finserv Submits FY26 Annual Report; Sets 35th AGM for September 23, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Aug 2026, 12:52 PM

Baid Finserv Limited has submitted its Annual Report for FY 2025-26 and issued notice for its 35th Annual General Meeting scheduled for September 23, 2026. In FY26, the company's Assets Under Management (AUM) grew 20.35% YoY to Rs. 476.89 crore, while total disbursements reached Rs. 243.77 crore. Profit after tax for the year stood at Rs. 14.97 crore. Additionally, promoter and promoter group shareholding increased from 36.25% in FY25 to 47.39% as of March 31, 2026.

AUM grew 20.35% YoY to Rs. 476.89 crore in FY26
Total loan disbursements reached Rs. 243.77 crore during FY26
Net profit after tax for FY26 closed at Rs. 14.97 crore
Promoter group shareholding increased to 47.39% as of March 31, 2026 from 36.25% in FY25
35th AGM scheduled for September 23, 2026 via video conferencing

💡 Track voting resolutions and commentary in the upcoming 35th AGM on September 23, 2026, alongside asset quality trends in Q2 FY27.

Baid Finserv raises ₹8.16 Cr via Promoter Warrant Conversion, Stake Rises to 49.73%

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 26 Aug 2026, 11:45 AM

Baid Finserv's Board has approved the allotment of 72,04,099 equity shares (face value ₹2) at ₹15.10 per share upon the conversion of warrants by four promoter group members. The company received the remaining 75% consideration aggregating to ₹8.16 crore (₹11.325 per warrant). Consequent to this allotment, promoter group shareholding increased from 47.39% to 49.73%, and all preferential warrants now stand fully converted.

Allotted 72,04,099 equity shares to four promoter group members upon warrant conversion
Received balance 75% exercise consideration totaling ₹8,15,86,421 (₹11.325 per warrant)
Issue price of ₹15.10 per share (including ₹13.10 premium) represents a premium over the prevailing market price of ₹9.70
Promoter and promoter group shareholding increased from 47.39% to 49.73%
Paid-up share capital increased from ₹30.98 crore to ₹32.42 crore, with zero warrants outstanding

💡 Track the deployment of the capital into MSME and Loan Against Property (LAP) portfolio growth and monitor Q2 FY26 asset quality metrics (Gross NPA).

Baid Finserv Allots 72.04 Lakh Shares on Warrant Conversion; Promoters Infuse ₹8.16 Cr

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 26 Aug 2026, 11:41 AM

Baid Finserv's Board approved the allotment of 72,04,099 equity shares (FV ₹2) at an issue price of ₹15.10 per share upon conversion of warrants held by the promoter group. The company received the remaining 75% consideration amounting to ₹8.16 crore (total issue size ₹10.88 crore). Consequently, promoter shareholding increased from 47.39% to 49.73%, and total paid-up equity expanded to 16,20,92,206 shares. All outstanding warrants under this preferential issue are now fully converted.

Allotment of 72,04,099 equity shares at ₹15.10 each (face value ₹2 plus premium of ₹13.10).
Receipt of 75% balance consideration of ₹11.325 per warrant totaling ₹8,15,86,421.
Promoter and promoter group shareholding increased from 47.39% to 49.73%.
Total paid-up capital expanded from ₹30.98 crore (15.49 crore shares) to ₹32.42 crore (16.21 crore shares).
Zero warrants remain outstanding following full conversion by four promoter group entities.

💡 Track the deployment of the ₹8.16 crore capital infusion toward AUM growth and loan book expansion in upcoming quarterly updates.

View All BAIDFIN Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total operating income grew 11.35% from INR 50.05 Cr in FY22 to INR 55.73 Cr in FY23. Disbursements for the vehicle and MSME segments grew 59% YoY to INR 179 Cr in FY24 compared to INR 112.56 Cr in FY23.

Geographic Revenue Split

The company primarily operates in Rajasthan (core market), with recent expansions into Madhya Pradesh, Gujarat, and Maharashtra (planned for Q2 FY26). Specific percentage split by state is not disclosed.

Profitability Margins

PAT increased 24.5% from INR 10.38 Cr in FY23 to INR 12.92 Cr in FY24. Net Interest Margin (NIM) improved to 10.20% in FY23 from 9.46% in FY22. Q1 FY26 PAT of INR 1.35 Cr represents a 32.35% increase over Q1 FY25 PAT of INR 1.02 Cr.

EBITDA Margin

Interest coverage ratio improved from 1.62x in FY22 to 1.79x in FY23 and reached 2.42x by Q1 FY24, indicating a strengthening ability to service debt from operating profits.

Capital Expenditure

The company planned a significant equity infusion of up to INR 35 Cr in FY26 to support its growth strategy and augment its capital base for onward lending.

Credit Rating & Borrowing

Long-term bank facilities of INR 305 Cr are rated CARE BBB; Positive (reaffirmed Oct 2025), with the outlook revised from Stable due to expected equity infusions and sustained growth.

⚙️ Operational Drivers

Raw Materials

Cost of funds (interest on borrowings) is the primary operational cost, as the company is a financial services provider. Interest expenses are incurred on bank facilities totaling INR 305 Cr.

Import Sources

Not applicable as the company provides financial services within India.

Key Suppliers

The company sources capital from various Banks and Financial Institutions; it had unutilized bank sanction lines of INR 13.84 Cr as of June 30, 2023.

Capacity Expansion

Assets Under Management (AUM) grew to INR 411.18 Cr as of Q1 FY26, up from INR 305 Cr in FY23. The company expanded its branch network and increased staff to 234 employees by March 2025.

Raw Material Costs

Portfolio yields moderated from 18.43% in FY23 to 17.13% in FY24 and further to 16.99% in FY25 due to competitive pressures in the retail lending market.

Manufacturing Efficiency

Collection efficiency stood at 96.11% in FY25, though it slightly moderated to 94.24% in Q1 FY26 due to seasonal or expansion-related factors.

Logistics & Distribution

Operating expenses (Opex/ATA) increased from 4.39% in FY22 to higher levels in FY23 as the company expanded its branch network and headcount.

📈 Strategic Growth

Expected Growth Rate

59%

Growth Strategy

Expansion into new geographies including Maharashtra (Q2 FY26), Madhya Pradesh, and Gujarat. The company is utilizing a Rights Issue to increase its capital base and promoter shareholding (from 36.25% to 45.71%) to fund onward lending in underserved rural areas.

Products & Services

Secured MSME Loans (LAP), Commercial Vehicle Loans (New and Used), Auto Loans, and Insurance products.

Brand Portfolio

Baid Finserv Limited (formerly Baid Leasing and Finance Co. Ltd).

New Products/Services

Expansion of the MSME and Loan Against Property (LAP) portfolio, which is managed by a dedicated third-generation promoter team.

Market Expansion

Targeting underbanked semi-urban and rural regions in Maharashtra by Q2 FY26 to capitalize on funding opportunities.

Market Share & Ranking

Categorized as a Non-Deposit Taking Base Layer NBFC (NBFC-BL) under RBI's Scale Based Regulation.

🌍 External Factors

Industry Trends

The NBFC sector is evolving under RBI's Scale Based Regulation; there is a growing trend of credit mobilization in semi-urban areas where formal banking penetration remains low.

Competitive Landscape

Faces competition from both traditional banks and other NBFCs, which has led to range-bound spreads and a slight uptick in operating expenses.

Competitive Moat

Durable advantage through 33+ years of local market experience in Rajasthan and promoter expertise in valuing used commercial vehicles, which is difficult for larger banks to replicate in rural settings.

Macro Economic Sensitivity

High sensitivity to the rural economy and agricultural cycles, as a significant portion of the borrower base consists of farmers and small rural business owners.

Consumer Behavior

Increased demand for retail and vehicle finance post-COVID-19 has driven the company's recent branch and staff expansion.

Geopolitical Risks

Minimal impact due to localized operations in Indian states.

⚖️ Regulatory & Governance

Industry Regulations

Regulated by RBI as an NBFC-ICC (Investment and Credit Company) and classified as Base Layer (NBFC-BL) since September 2022. Adheres to SARFAESI Act 2002 for asset recovery.

Taxation Policy Impact

Standard corporate tax rates apply; no specific fiscal incentives mentioned.

Legal Contingencies

The company utilizes Section 13(4) of the SARFAESI Act 2002 for 'Symbolic Possession' of assets in default cases; specific value of pending litigation is not disclosed.