Baid Finserv Limited (BAIDFIN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+117.9%

₹20.96

vs ₹9.62 price

Levered DCF

-₹67.19

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	7.91×	8.62×	19.31×	35.26×	40.27×	47.42×	46.67×	45.23×
P/B	0.51×	0.65×	1.5×	2.35×	2.42×	2.57×	2.71×	7.19×
P/S	1.19×	1.43×	3.99×	6.84×	7.51×	7.16×	5.9×	6.34×
EV / EBITDA	18.89×	19.08×	24.74×	31.6×	42.51×	65.36×	52.89×	50.49×
Gross margin	45.8%	34.3%	39.2%	46.9%	41.9%	28.0%	29.4%	33.3%
Operating margin	28.0%	20.7%	24.4%	30.6%	25.6%	16.7%	17.7%	18.3%
Net margin	15.1%	16.6%	20.6%	19.5%	18.7%	15.2%	12.7%	17.4%
Current ratio	1.06×	32.15×	33.71×	31.73×	47.89×	46.79×	42.37×	29.99×
Debt / equity	1.23×	1.43×	1.45×	1.1×	1.26×	1.51×	1.75×	6.35×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	1,042.32×
Dividend yield	1.0%	1.0%	0.5%	0.3%	0.2%	0.0%	0.3%	0.2%
Payout ratio	8.0%	8.9%	9.3%	11.6%	6.8%	0.0%	16.0%	6.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.4%	7.5%	7.7%	6.7%	6.0%	5.4%	5.9%	19.8%
Return on invested capital	3.9%	2.8%	2.6%	3.7%	2.6%	1.7%	2.1%	2.1%
Return on assets	2.8%	3.0%	3.0%	3.0%	2.8%	2.4%	2.2%	2.9%
Free cash flow yield	-58.3%	0.3%	-10.0%	1.4%	9.5%	14.2%	11.3%	-7.7%
Earnings yield	12.6%	11.6%	5.2%	2.8%	2.5%	2.1%	2.2%	2.8%
Enterprise value	₹4B	₹3.6B	₹4.6B	₹5.3B	₹5.3B	₹5.6B	₹5.8B	₹6.6B
Net debt / EBITDA	13.25×	12.94×	11.26×	9.71×	14.13×	23.9×	20.63×	23.56×
Cash conversion cycle (days)	1,762	1,741	2,069	1,996	2,101	1,932	1,633	1,804