Bharat Nidhi Unlisted Share
About Bharat Nidhi Unlisted Share
Bharat Nidhi unlisted shares represent ownership in Bharat Nidhi Limited, a legacy entity founded in 1942 as Bharat Bank. Transitioning to media distribution post-1951, the Delhi-based company now focuses on distributing newspapers (like The Times of India) via its partnership with Bennett, Coleman & Co. Ltd (BCCL) and manages low-risk investments. Delisted from stock exchanges, its shares trade on NSE’s Dissemination Board, appealing to investors seeking stability through diversified revenue streams.
Business Segments
- Media Distribution (Core Business):
- Exclusive distributor for BCCL publications in Delhi-NCR.
- Ensures last-mile delivery of The Economic Times and other periodicals.
- Strategic Investments:
- Allocates surplus funds to debt mutual funds, fixed deposits, and low-risk instruments.
- BCCL Stakeholding:
- Holds equity in BCCL, India’s largest media conglomerate, enhancing financial stability.
Financial Highlights (2022–2024)
- PAT Surge via Investments:
- PAT skyrocketed to ₹504 crore (2024) from ₹217 crore (2022), fueled by ₹513 crore “other income” (likely investment gains).
- Declining Core Revenue:
- Operating revenue dropped 58% from ₹33 crore (2023) to ₹14 crore (2024), highlighting distribution challenges.
- Zero Debt, High Reserves:
- Reserves grew to ₹4,122 crore (2024) with no borrowings, ensuring risk-averse capital structure.
- Asset Growth:
- Total assets rose 11% from ₹3,666 crore (2023) to ₹4,125 crore (2024), driven by investments.
- EPS Volatility:
- EPS fluctuated from ₹748.28 (2022) to -₹137.93 (2023) and ₹1,762.24 (2024), reflecting reliance on non-core income.
- Negative Operating Margins:
- OPM remained negative (-30.71% in 2024) due to stagnant distribution revenue and rising costs.
Bharat Nidhi Unlisted Share Considerations
Bharat Nidhi unlisted shares attract investors seeking stability through its BCCL partnership and debt-free status. However, key risks include:
- Core Business Erosion: Declining distribution revenue and negative EBITDA.
- Investment Dependency: PAT driven by volatile “other income,” not operations.
- Illiquidity: Unlisted shares trade on NSE’s Dissemination Board with limited liquidity.
Valuation Drivers:
- BCCL Stake Value: Appreciation in BCCL’s equity could boost reserves.
- Dividend Policy: Potential payouts from ₹4,122 crore reserves (2024).
- Cost Rationalization: Reducing employee/other expenses to improve margins.
Key Metrics for Investors:
- Reserves Growth: Sustained growth in reserves (₹4,122 crore in 2024).
- BCCL Performance: Profitability of BCCL impacts Bharat Nidhi’s investment returns.
- Revenue Revival: Stabilizing distribution revenue through new contracts.
Pros
- Strong BCCL Partnership – Strategic distributor and shareholder in India’s leading media house.
- Debt-Free Balance Sheet – Zero borrowings and ₹4,122 crore in reserves ensure financial stability.
- Low-Risk Investment Strategy – ₹3,992 crore allocated to stable, low-risk instruments.
Cons
- Declining Revenue – Revenue dropped from ₹33 crore (2023) to ₹14 crore (2024), raising concerns.
- Weak Core Operations – Negative EBITDA (-₹4.3 crore in 2024) from distribution business.
- Dependence on Other Income – PAT largely driven by non-operational income instead of core business.
Key Details
| Share Name | Particulars |
|---|---|
| Bharat Nidhi Unlisted | 12860.00 |
| Shares Price | Per Equity Share |
| Lot Size | 25 Shares |
| 52 Week High | ₹ 18000 |
| 52 Week LoW | ₹ 9000 |
| Depository | NSDL & CDSL |
| PAN Number | AAACB0195J |
| ISIN Number | INE286F01016 |
| CIN | U51396DL1942PLC000644 |
| RTA | Link Intime |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 3690.44 |
| P/E Ratio | 7.30 |
| P/B Ratio | 0.89 |
| Debt to Equity | 0 |
| ROE (%) | 12.22 |
| Book Value | 14408.67 |
| EPS | 1762.24 |
| Face Value | 10 |
| Total Shares | 2869703 |
Financials
| P&L Statement | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 14 | 33 | 27 |
| Cost of Material Consumed | 11 | 26 | 21 |
| Gross Margins | 21.43 | 21.21 | 22.22 |
| Change in Inventory | 0 | 0 | 0 |
| Employee Benefit Expenses | 0.3 | 0.6 | 0.7 |
| Other Expenses | 7 | 9 | 8 |
| EBITDA | -4.3 | -2.6 | -2.7 |
| OPM | -30.71 | -7.88 | -10 |
| Other Income | 513 | 14 | 222 |
| Finance Cost | 0.04 | 0 | 0.04 |
| D&A | 0 | 0 | 0 |
| EBIT | -4.3 | -2.6 | -2.7 |
| EBIT Margins | -30.71 | -7.88 | -10 |
| PBT | 508 | -37 | 219 |
| PBT Margins | 3628.57 | -112.12 | 811.11 |
| Tax | 4 | 3 | 2 |
| PAT | 504 | -40 | 217 |
| NPM | 3600 | -121.21 | 803.7 |
| EPS | 1762.24 | -137.93 | 748.28 |
| Ratio | FY24 | FY23 | FY22 |
|---|---|---|---|
| Operating Margin | 49% | 33% | 23% |
| Net Profit Margin | 37% | 15% | 554% |
| Return on Equity | 0% | 0% | 6% |
| Debt-Equity | 0 | 0 | 0 |
| Current Ratio | 235.31 | 66.05 | 75.9 |
| Dividend Payout | 1% | 2% | 0% |
| Company | BHARAT NIDHI LTD | H T Media Ltd | Jagran Prakashan Ltd |
|---|---|---|---|
| Market Cap (₹ Crores) | 2799 | 549 | 2190 |
| Profitability Margin (%) | -75.10% | -15% | 7% |
| ROCE (%) | 0.48% | -5% | 9% |
| ROE (%) | -1.10% | -12% | 7% |
| D/E Ratio | 0 | 0.48 | 0.25 |
| P/E Ratio | 9.08 | 12.9 | |
| P/B Ratio | 1.11 | 0.31 | 1.51 |
| Book Value per Share (₹) | 12629.49 | 77.3 | 66.3 |
| Assets | 2024 | 2022 | 2023 |
|---|---|---|---|
| Fixed Assets | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 |
| Investments | 3992 | 3572 | 3538 |
| Trade Receivables | 0.13 | 0.6 | 0.6 |
| Inventory | 0 | 0 | 0 |
| Other Assets | 132.87 | 133.4 | 127.4 |
| Total Assets | 4125 | 3706 | 3666 |
| Liabilities | 2024 | 2023 | 2022 |
|---|---|---|---|
| Share Capital | 2.86 | 2.9 | 2.9 |
| FV | 10 | 10 | 10 |
| Reserves | 4122 | 3660 | 3701 |
| Borrowings | 0 | 0 | 0 |
| Trade Payables | 0.08 | 1 | 1.3 |
| Other Liabilities | 0.06 | 2.1 | 0.8 |
| Total Liabilities | 4125 | 3666 | 3706 |
