Bharat Nidhi Limited distributes Newspapers and Magazines in India. It is also involved in investment and financing activities. The company was incorporated in 1942 and is based in New Delhi, India.
They have a contract of distribution of Newspapers and magazines of Bennett Coleman and Company Limited, commonly known as The Times Group.
Under the contract,
(i) BCCL shall arrange to deliver their newspapers and periodicals to Bharat Nidhi Limited (BNL) at their own cost, as per the indents of BNL at the addresses specified by BNL within such territory, as agreed.
(ii) BCCL shall send a statement of supplies for each day to BNL, which shall be returned by BNL duly signed together with remittance towards the cost of purchase from BCCL in the following manner.
a> Daily publications will be paid on the same day as the date appearing in the issue. If the day on which the payment falls due is a Sunday or a holiday, the payment will be paid on the following working day.
b> Each issue of weeklies and fortnightlies will be paid within three days of delivery of the publication. c. Each issue of monthly, annual, and other publications will be paid within seven days of delivery of the publication.
The company is also registered as NBFC with RBI. However, on 29th October 2014, the Company had voluntarily made an application to the RBI for the surrender of its Certificate of Registration (CoR) as NBFC. During the current year(2017-18), as a follow up to the said application for voluntary surrender of the CoR by the Company, RBI has asked the Company to reduce its Financial Assets below 50% of its Total Assets in order to initiate the cancellation of the CoR. The Company is reviewing the same and appropriate action will be taken by the Company.
Subsidiary/Joint Ventures/Associate Companies
Sr. No. | Company | Holding/Subsidiary/Associate | % of shares |
1 | Matrix Merchandise Limited |
Associates | 23.90 |
2 | Vasuki Properties Limited |
Associates | 49.99 |
3 | Bennett, Coleman & Co. Limited |
Associates | 24.41 |
4 | Bennett Property Holdings Co. Limited |
Associates | 24.41 |
5 | Mahavir Finance Limited |
Associates | 20.00 |
Opportunities and Threats:
Though digital media platforms have witnessed exponential growth in the last few years, digital news platforms have not been able to substitute newspaper readership in India, like they have done elsewhere in the world. Even as print media is declining rapidly in the developed economies and digital media users and television media viewership have surpassed print in many markets, newspapers continue to command a lion’s share of the advertising pie in India. As per the latest report from Zenith, the ROI agency of Publicis Group, newspapers will continue to be the most dominant media segment in the foreseeable future.
Print media is projected to continue its growth, largely on the back of continued readership growth in vernacular markets and advertisers’ confidence in the medium, especially in tier-II and tier-III cities. Spurt in literacy levels, hyper-localization rising disposable income, perceived credibility of written words, selective cover price increase, increase in print advertising, better distribution systems, improved quality of printing and logistics and attractive margins for vendors is likely to drive the future expansion of circulation of newspapers and readership across India. However, rising digital content consumption is perceived to be a long-term risk to the industry.
Financial Performance:
(a) During the Financial Year 2017-18, the Company’s Total Revenue on a standalone basis was Rs. 69.88 Crores as compared to Rs. 66.65 Crores in the previous year and the Total Expenditure was Rs. 56.66 Crores as compared to Rs. 58.48 Crores in the previous year on a standalone basis.
(b) During the Financial Year 2017-18, the Company has earned Profit after tax of Rs. 13.13 crores as compared to a profit of Rs. 8.16 crores in the previous year on a standalone basis.
Face Value: | ₹ 10 Per Equity Share |
ISIN: | INE286F01016 |
Lot Size: | 25 Shares |
Current Unlisted Share Price: | ₹ 9000 Per Equity Share |
Category | Number of Shares | % of Shares |
Banks, Financial Institutions, Insurance State Govt., Central Govt. | 3288 | 0.11 |
Private Bodies Corporate | 16,94,014 | 58.02 |
NRIs and OCBs | 66,193 | 2.27 |
Indian Public – Individuals | 9,96,751 | 34.14 |
Hindu Undivided Family | 25,813 | .88 |
Others (IEPF) | 1,33,663 | 4.58 |
Total | 29,19,722 | 100% |
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% |
2021 | 31 | 2 | 10% | 6% |
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% |
2021 | 31 | 2 | -176 | 10% | 6% |
Sr. No. | Company | Holding/Subsidiary/Associate | Company’s Share of Net Profit/(Loss) |
1 | Matrix Merchandise Limited | Associates (23.90%) | 10,53,128 |
2 | Vasuki Properties Limited | Associates (49.90%) | 20,61,190 |
3 | Bennett, Coleman & Co. Limited | Associates (24.41%) | -15,60,92,547 |
4 | Bennett Property Holdings Co. Limited | Associates (24.41%) | -48,12,25,392 |
5 | Mahavir Finance Limited | Associates (20%) | 1,21,435/- |
Please find below the procedure for buying Bharat Nidhi (Bharat Bank) Unlisted Shares at UnlistedZone.
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Market Wizard
Buyback of Bharat Nidhi: https://unlistedzone.com/bharat-nidhi-buyback-of-shares-exit-opportunity-17-06-2019/
relian
BUYING BHARAT NIDHI SHARE —BEST PRICE —- CALL —-
Market Wizard
1. Securities and Exchange Board of India (SEBI) vide circular no. CIR/ MRD/ DSA/ 14/ 2012 dated May 30, 2012, has directed that if any regional exchange is not having an annual turnover of 1000 cr should surrender their license and most of these regional exchanges fell under this category.
2. Exit Option of Shareholders of these companies after delisting?
a) The delisting company may list themselves on any National Level Stock Exchanges such as NSE, BSE or MSEI.
or
b) The company must buy these shares from the public and give them an exit option. For this, the SEBI has formed dissemination board both at NSE and BSE. The companies who moved to these board give exit option to the shareholders via announcement in the newspaper with a mention of fair valuation of a share calculated through Independent Valuer registered with SEBI so that shareholders get fair value. The offers open up for 7 days and shareholders can participate in the process to exit from the company.
3. On the above circular, as Bharat Nidhi was listed on Calcutta Stock Exchange it got intimation from the SEBI in 2016
( https://www.sebi.gov.in/legal/circulars/oct-2016/exclusively-listed-companies-of-de-recognized-non-operational-exited-stock-exchanges-placed-in-the-dissemination-board-db-_33437.html)
to move out from Calcutta Stock exchange and give exit to shareholders. The company despite getting intimation had not moved to decimation board. However, some shareholders went to court and court, in turn, forced the company to provide an exit to the shareholders.
4. Now vide letter number http://www.skylinerta.com/pdf_file/35_635542124_LetterofOffer.pdf the company is willing to buy 21,791 Shares at Rs. 11229.
The issue will open on Monday, September 16, 2019, and closed on Friday, October 4, 2019.
ravi
the intrinsic value of this share is 100,000 pershare. Its foolish to sell it for 15,000. Also SEBI may be giving the necessary direction to the few owners/ council to give fare price valuation to let Small scale investors an exit route
Market Wizard
What is the basis of calculating Intrinsic value? Please elaborate?
Paresh
Plz tell me really prices
Vinay lakhoti
WhAt is your contact number
Shanmukh
“The Intrinsic of Bharat Nidhi Ltd is based on the valuation of bennett coleman & co. ltd(“BCCL”). It’s too difficult to define the accurate value of BCCL. There are lot of subsidiaries and joint ventures but at the time of IPO of Entertainment Network India Limited (ENIL) a subsidiary of BCCL disclosed the value of BCCL in their DRHP Rs. 24118.20 per share in 2005. According to that figure BCCL was valued at approx rs 76000 crs. in 2005. So based on that Intrinsic value of bharat nidhi ltd should be above 2,00,000 per share.”
Market Wizard
EPS calculation for FY17-18
1. PAT of the company= 13 Cr
2. PAT of the Associates= 241 Cr
3. Total PAT of the Company= 254 Cr
4. Outstanding Shares= 29.7 Lakh
5. EPS= 870
The share is available in the unlisted territory at a Price of 17000.
P/E based on FY17-18 earnings is 19.54.