Unlisted Shares
Bharat Nidhi (Bharat Bank) Unlisted Shares
Bharat Nidhi Limited (Unlisted)
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About Bharat Nidhi (Bharat Bank) Unlisted Shares
Bharat Nidhi Limited, formerly known as Bharat Bank, is a legacy investment holding company established in 1942 and headquartered in New Delhi. The company primarily focuses on investments and holds a significant stake in Bennett, Coleman & Co. Ltd. (Times Group). It has transitioned away from operational businesses like newspaper distribution and now derives value from its investment portfolio.
Share Details
| company Name | Bharat Nidhi Limited (Unlisted) |
| indicative Unlisted Share Price | ₹1125 |
| market Capitalization | ₹3200–3500 Crore (Approx) |
| lot Size | 100 |
| 52 Week High | ₹15000 |
| 52 Week Low | ₹9800 |
| face Value | ₹10 |
| book Value | ₹1593 (Approx FY25) |
| pe Ratio | 7.18 |
| pb Ratio | 7.1 |
| debt To Equity | 0 |
| return On Equity | 9.8% |
| total Outstanding Shares | 2,87,00,000 (Approx) |
| isin | INE286F01016 |
| depository | NSDL & CDSL |
| pan | AAACB1298E |
| cin | U65993DL1942PLC000886 |
| rta | Skyline Financial Service |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 27 | 33 | 14 | 0 |
| Cost of Material Consumed | 21 | 26 | 11 | 0 |
| Employee Benefit Expenses | 0.7 | 0.6 | 0.3 | 0.33 |
| Other Expenses | 8 | 9 | 7 | 5.17 |
| EBITDA | -2.7 | -2.6 | -4.3 | -5.5 |
| Operating Profit Margin (%) | -10 | -7.88 | -30.71 | - |
| Other Income | 222 | 14 | 513 | 462 |
| Finance Cost | 0.04 | 0 | 0.04 | 0.01 |
| Depreciation | 0 | 0 | 0 | 0 |
| EBIT | -2.7 | -2.6 | -4.3 | -5.5 |
| PBT | 219 | -37 | 508 | 456 |
| Tax | 2 | 3 | 4 | 4 |
| PAT | 217 | -40 | 504 | 452 |
| Net Profit Margin (%) | 803.7 | -121.21 | 3,600 | - |
| EPS (₹) | 748.28 | -137.93 | 1,762.24 | 1,574.91 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | -10 | -7.88 | -30.71 | - |
| Net Profit Margin (%) | 803.7 | -121.21 | 3,600 | - |
| EPS (₹) | 748.28 | -137.93 | 1,762.24 | 1,574.91 |
Financial Annual Report Summary
The company shows low operating revenue but extremely high profitability due to large investment income. Earnings are driven primarily by other income rather than core operations.
Why Invest in Bharat Nidhi (Bharat
- Profit driven almost entirely by investment income.
- Core operations are loss-making.
- Very high EPS due to low share capital and high investment gains.
- Valuation depends heavily on underlying investments (especially BCCL stake).
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 3,572 | 3,538 | 3,992 | 4,485 |
| Trade Receivables | 0.6 | 0.6 | 0.13 | 0.06 |
| Other Assets | 133.4 | 127.4 | 132.87 | 91.94 |
| Total Assets | 3,706 | 3,666 | 4,125 | 4,577 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 2.9 | 2.9 | 2.86 | 2.87 |
| Reserves | 3,701 | 3,660 | 4,122 | 4,574 |
| Borrowings | 0 | 0 | 0 | 0 |
| Trade Payables | 1.3 | 1 | 0.08 | 0.07 |
| Other Liabilities | 0.8 | 2.1 | 0.06 | 0.06 |
| Total Liabilities | 3,706 | 3,666 | 4,125 | 4,577 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Investment portfolio dominates assets; company is completely debt-free.
Liabilities Breakdown
Zero debt across all years → extremely strong balance sheet.
Additional Insights
Massive reserves driven by investment gains; value tied to BCCL stake.
Cash Flow Insights
- Negative operating cash flow (non-operating business).
- Cash inflow mainly from investments.
- Low capital expenditure.
Shareholding Pattern
Recent
Promoter: High
Institutional: -
Public: Low
Promoters & Management
Legacy ownership structure with long-standing stakeholders.
Key Management
Board of Directors - Management
Investment & Financial Oversight
Registrar & Transfer Agent (RTA)
Registrar: —
Management Analysis
Focus remains on investment holdings rather than operational business growth.
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