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Bharat Nidhi Limited Unlisted Shares

Bharat Nidhi Limited, was established in 21st September, 1942 under the Indian Companies Act, 1913 in the name and style of Bharat Bank Limited to carry out all Banking Activities. In 1951, the Company terminate its all banking business and later changed its name to Bharat Nidhi Limited pursuant to revised Certificate of Incorporation issued by Registrar of Companies, NCT of Delhi and Haryana, dated February 27, 1952. Currently, Bharat Nidhi Limited is listed on Calcutta Stock Exchange Limited and it is also registered with Reserve Bank of India as Non-Banking Financial Company. The Company has an agreement with Bennett, Coleman & Co. Limited for distribution of its Publications in Delhi/NCR.

Bharat Nidhi Ltd Financial Report

Bharat Nidhi Ltd. was incorporated in the year 21-09-1942. Recently there share price is 0. There current market capitalisation stands at Rs 0 Cr. Latest news, company has reported Gross Sales of Rs. 582.96 Cr and Total Income of Rs.666.49 Cr. The company’s management includes Amita Gola, Bhagavatula Chintamani Rao, Bhagat Ram Goyal, Punit Jain, Nityanand Singh, Mukesh Gupta, Revati Jain. This is listed on the BSE with a BSE Code of , NSE with an NSE Symbol of and ISIN of INE286F01016. It’s Registered office is at Second Floor, 9-10, Express Building, Bahadur Shaah Zafar Marg, New Delhi-110002, Delhi. Their Registrars are ACC Ltd. It’s auditors are AK Gutgutia & Co, Surendra Subash & Co, Surendra Subhash & Co.

Financials of Bharat Nidhi (Bharat Bank) Unlisted Shares:

 Standalone Financial Performance:

Year Revenue(Cr) PAT(Cr) OPM NPM
2017 66.64 8.16 12.34% 12.24%
2018 69.88 13.12 19.01% 18.75%
2019 79 25 35% 31%
2020 129 74 62% 57%

Consolidated Financial Performance

Year Revenue(Cr) PAT(Cr) PAT of Associates OPM NPM
2017 66 8 230 12.34% 12.24%
2018 69 13 241 19.01% 18.75%
2019 79 25 405 35% 31%
2020 129 74 -63 62% 57%

 

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Bharat Nidhi Limited Unlisted Shares-Company Overview

Bharat Nidhi Limited was first established in 1942 as Bharat Bank Limited and carried out banking activities. Later in 1951, the company closed all its banking activities and changed its name to Bharat Nidhi Limited. The company then worked as a distributor of newspapers and periodicals in Delhi & NCR. But now, apart from the distribution of newspapers and periodicals, the company is also engaged in investing its surplus funds in debt-based mutual funds, banks, financial institutions’ fixed deposits, and other safe avenues from time to time. The company holds a contract with Bennett Coleman and Company Limited to distribute its newspapers and magazines. Bharat Nidhi Limited is also a major shareholder of Bennett Coleman and Company Limited.

Since 2002 the company is also registered as an NBFC (Non-Banking Finance Company) with the Reserve Bank of India (RBI). However, in 2014, the company voluntarily made an effort to surrender its Certificate of Registration as NBFC.

The stock of Bharat Nidhi Limited was listed on the Calcutta Stock exchange, but later it delisted itself from the exchange by introducing a buyback offer. Now the company has been shifted to the Dissemination Board (DB) of the National Stock Exchange (NSE).

Bharat Nidhi Unlisted Share Details as of March 31, 2022

Bharat Nidhi Outstanding Shares: 2900661
Face Value of Bharat Nidhi Unlisted Share: Rs. 10 Per Equity Share
ISIN of Bharat Nidhi Unlisted Share: INE286F01016
Lot Size of Bharat Nidhi Unlisted Share: 100 Shares
Bharat Nidhi Share Price: Best in Industry
PAN Number of Bharat Nidhi: AAACB0195J

Incorporation Details of Bharat Nidhi

CIN of Bharat Nidhi

U51396DL1942PLC000644

Registration Date of Bharat Nidhi

21 September 1942

Category/Sub-category of Bharat Nidhi

Company Limited by Shares (NBFC)

Bharat Nidhi Registered office and contact details

First Floor, Express Building, 9-10,

Bahadur Shah Zafar Marg,

New Delhi – 110 002

Telephone No. : 011-43562982

Bharat Nidhi Registrar and Transfer Agent address and contact details

M/s. Skyline Financial Services Private Limited

D-153A, Okhla Industrial Area, Phase-I, 

New Delhi – 110 020,

Telephone No. : 011-40450193-197; 26812682-83

Principal Business Activities of Bharat Nidhi       

Name and Description of main products/services NIC Code of the product/service % to the total turnover of the Company
Distribution of Newspapers and Magazines in Delhi & NCR 99611519 91.82%

Bharat Nidhi Limited Board of Directors

Mr. Bhagavatula Chintamani Rao, Director

Mr. Bhagat Ram Goyal, Director

Mr. Nityanand Singh, Director

Mr. Piyush Garg, Chief Financial Officer

Particulars of Associate Companies of Bharat Nidhi

S. No. Name of the Company % of shares held
1. Matrix Merchandise Limited 23.90%
2. Vasuki Properties Limited 49.99%
3. Bennett, Coleman & Company Limited 24.41%
4. Bennett Property Holdings Company Limited 24.41%
5. Mahavir Finance Limited 20%

Shareholders’ holding of Bharat Nidhi Limited (As of 31-03-2022)

S. No. Shareholders’ Name Number of shares % of total Shares of the company
1. M/s. Matrix Merchandise Limited 6,00,000 20.68%
2. Mr. Vineet Jain 5,90,000 20.34%
3. M/s. Sanmati Properties Limited 4,71,588 16.25%
4. M/s. Ashoka Marketing Limited 3,00,000 10.34%
5. M/s. Mahavir Finance Limited 2,00,000 6.89%
6. Others 7,39,073 25.50%
Total 29,00,661 100%

Industry Outlook

The Print industry has faced significant challenges in recent years due to the rise of digital media and the COVID-19 pandemic. However, the industry has also shown resilience and adaptation in the face of these challenges.

According to industry reports, the print industry is expected to continue to face pressure from digital media in the coming years. However, print media is still expected to have a significant role in areas such as books, magazines, and packaging.

After the second wave of Covid -19 in Q1 of FY 2021-22, the demand has shown the signs of recovery with effect from Q3 of FY 2021-22. As a result, during FY 2021-22, the net revenue from business operations has been marginally higher as compared to the previous financial year. It is important to mention that this may not have a significant impact on the overall profitability of the Company, as the net margins on the sale of print publications are very nominal. The net profit is derived mainly from interest and dividend earned as well as gains on sale/ switch of investment of its surplus funds deployed. The increase in net profits of the Company in financial Year 2021-22 is on account of the higher other income comprising sale of long term investments and higher dividend income as compared to the previous Financial Year 2020-21.

BHARAT NIDHI Limited Balance Sheet (In Rs. Crores)

PARTICULARS 31st March 2023 31st March 2022
EQUITY AND LIABILITIES
Shareholders ‘ Funds
Share Capital 2.90 2.90
Reserves and Surplus 3660.49 3700.85
Non-Current Liabilities
Other Long Term Liabilities 0.69 0.70
Long Term Provisions 0.17 0.16
Current Liabilities
Trade Payables
Dues to Other Creditors 1.09 1.38
Other Current Liabilities 0.45 0.33
Short Term Provisions 0.02
Total EQUITY AND LIABILITIES 3665.81 3706.33
ASSETS
Non-Current Assets
Non-Current Investments 3537.79 3571.72
Deferred Tax Assets (Net) 0.05 0.04
Long Term Loans and Advances 4.82 5.10
Other Non-Current Assets 20.29
Current Assets
Trade Receivables 0.62 0.68
Cash and Bank Balances 99.82 125.51
Short Term Loans and Advances 0.25 0.28
Other Current Assets 2.16 2.98
Total ASSETS 3665.81 3706.33

BHARAT NIDHI Limited Profit & Loss Statement (In Rs. Crores)

Particulars 31st March 2023 31st March 2022
Income
Income from Operations 33.45 27.53
Other Income 20.08 11.68
Total Income 53.52 39.21
Expenses
Purchase of Stock-in-Trade  26.15 21.37
Employee Benefits Expenses 0.63 0.72
Finance Costs 0.05 0.04
Depreciation
Other Expenses 9.11 8.08
Total Expenses 35.94 30.22
Profit before Exceptional Items and Tax 17.58 9.00
Exceptional Items – Expense/(Gain) (net) 6.80 0.00
Profit Before Tax 10.78 9.00
Tax Expense:
Current Tax 2.54 2.22
Deferred Tax -0.01 0.01
Income Tax of earlier years 0.09
Total Tax Expense 2.62 2.23
Profit after Tax before share in Profit/(Loss) of Associates 8.16 6.77
Add: Share in Net Profit/(Loss) of Associates (net) -48.35 210.39
Profit /(Loss) after Tax for the Year -40.19 217.16
Earnings per Equity Share (Face Value of Rs.10 each):
Basic (in Rs.) -138.57 748.66
 Diluted (in Rs.) -138.57 748.66

Bharat Nidhi Limited Financial Ratios

PARTICULARS 2022-2023
EBITDA  7.35 %
Networth  4.56 %
Debt/Equity Ratio 0.01
Return on Equity 0.0446
Total Assets  4.41 %
Fixed Assets  105.68 %
Current Assets  -20.55 %
Current Liabilities  -8.71 %
Trade Receivables  -9.78 %
Trade Payables  -21.11 %
Current Ratio 66.05

Insight of the financial ratios of Bharat Nidhi for March 31, 2023
EBITDA Margin:

EBITDA Margin is 7.35%7.35%, indicating that the company is generating 7.35%7.35% of Earnings Before Interest, Taxes, Depreciation, and Amortization as a percentage of its total revenue.

Net Worth (Equity) Ratio:

Net Worth Ratio is 4.56%4.56%, representing the proportion of net worth to total assets. It indicates that 4.56%4.56% of the total assets are financed by equity.

Debt/Equity Ratio:

Debt/Equity Ratio is 0.010.01, suggesting that the company has a low level of debt in comparison to equity. A low debt/equity ratio generally implies lower financial risk.

Return on Equity (ROE):

Return on Equity is 4.46%4.46%, indicating that the company generated a 4.46%4.46% return on shareholders ‘ equity during the period. ROE measures the efficiency of using equity to generate profits.

Total Assets Growth:

Total Assets grew by 4.41%4.41%, reflecting the percentage increase in total assets compared to the previous period.

Fixed Assets Growth:

Fixed Assets grew significantly by 105.68%105.68%, suggesting a substantial increase in long-term assets like property, plant, and equipment.

Current Assets Growth:

Current Assets decreased by −20.55%−20.55%, indicating a reduction in short-term assets.

Current Liabilities Growth:

Current Liabilities decreased by −8.71%−8.71%, suggesting a reduction in short-term obligations.

Trade Receivables Turnover:

Trade Receivables decreased by −9.78%−9.78%, indicating a decrease in the amount owed by customers. A negative value may suggest improved efficiency in collecting receivables.

Trade Payables Turnover:

Trade Payables decreased by −21.11%−21.11%, indicating a decrease in the amount owed to suppliers. A negative value may suggest more prompt payment to suppliers.

Current Ratio:

The Current Ratio is 66.0566.05, which is unusually high. A current ratio above 1 suggests the company has more short-term assets than short-term liabilities, but 66.0566.05 is abnormally high and might be a data error or anomaly.

Please note that financial ratios should be interpreted in the context of the industry, historical performance, and the company ‘s overall financial strategy. It ‘s advisable to compare these ratios with industry benchmarks and historical trends for a more comprehensive analysis

Dividend history of Bharat Nidhi Limited

Particulars 2023 2022
Dividend per share (final + interim) (In Rs.) 0.6 0.6
Retained Earnings (Amt in Crores)

 

Annual Report- 2021

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