WEBSITE BSE:539946 NSE: BAZELINTER Inc. Year: 1982 Industry: Finance - NBFC My Bucket: Add Stock
Last updated: 10:37
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1. Business Overview
Bazel International Ltd. operates as a Non-Banking Financial Company (NBFC) in India. Its core business model revolves around providing various financial services, primarily lending and financing activities, to individuals, businesses, or specific market segments. The company generates revenue predominantly through interest income earned on the loans and advances it extends, as well as potential fees for its financial services. As an NBFC, it fulfills credit needs that may not be fully met by traditional banks, often catering to niche markets or specific borrower segments.
2. Key Segments / Revenue Mix
Specific key segments and their revenue contribution for Bazel International Ltd. are not provided in the given information. Typically, an NBFC's operations could span across various financing areas such as corporate finance, retail loans (e.g., personal loans, vehicle loans, housing loans), asset financing, or microfinance, depending on its strategic focus and target clientele. Without specific data, it is not possible to detail its revenue mix.
3. Industry & Positioning
Bazel International Ltd. operates within the highly competitive and regulated Indian NBFC sector. This sector plays a crucial role in India's financial system by providing credit to diverse segments of the economy, including small and medium enterprises (SMEs), retail customers, and specific industries. The industry is characterized by a mix of large, diversified players and smaller, niche-focused entities. Without specific details on Bazel's asset size, market share, or focus areas, its exact positioning relative to larger banks and established NBFCs cannot be determined. It likely competes by serving specific customer segments, geographies, or by offering tailored financial products where larger players might be less agile.
4. Competitive Advantage (Moat)
Given the limited information, it is difficult to ascertain specific durable competitive advantages (moats) for Bazel International Ltd. In the NBFC space, potential moats can include:
Specialized Expertise: Deep understanding and superior underwriting in a particular lending segment.
Strong Customer Relationships: Long-standing trust and loyalty built with a client base.
Efficient Technology/Processes: Lower operating costs or superior customer experience through digital innovation.
Robust Risk Management: Ability to manage credit risk effectively, especially in niche segments.
Access to Low-Cost Funding: A stable and diversified funding base.
For smaller NBFCs, building a strong moat can be challenging against larger, more established players with greater scale and funding access.
5. Growth Drivers
Key factors that could drive growth for Bazel International Ltd. over the next 3-5 years include:
Growing Credit Demand: Continued economic growth in India leading to increased demand for credit from both individuals and businesses (especially MSMEs).
Financial Inclusion: Government initiatives and the ongoing need to serve under-banked populations.
Digitalization: Adoption of technology to streamline loan origination, servicing, and risk assessment, potentially improving efficiency and reach.
Niche Market Penetration: Successfully identifying and dominating specific, underserved lending segments.
Favorable Regulatory Environment: Supportive policies that encourage NBFC growth while ensuring stability.
6. Risks
Bazel International Ltd., like other NBFCs, faces several key risks:
Credit Risk: The primary risk of borrowers defaulting on their loans, leading to non-performing assets (NPAs) and impacting profitability.
Funding Risk: Reliance on market borrowings (e.g., bank loans, debentures) makes it susceptible to interest rate fluctuations and liquidity crises, potentially increasing the cost of funds.
Interest Rate Risk: Mismatches between asset and liability tenors, or sudden changes in interest rates, can affect net interest margins.
Regulatory Risk: Changes in regulations by the Reserve Bank of India (RBI) regarding capital adequacy, asset classification, provisioning norms, or fair practices can impact operations and profitability.
Competition: Intense competition from banks, other NBFCs, and emerging FinTech players, potentially leading to margin pressure and difficulty in acquiring customers.
Economic Slowdown: A downturn in the broader economy can reduce credit demand and increase defaults.
7. Management & Ownership
Information regarding the promoters, specific management quality, and detailed ownership structure of Bazel International Ltd. is not available in the provided data. In India, many NBFCs, especially smaller ones, are promoter-led, where the founding family or group holds a significant stake and often plays a key role in strategic decision-making and day-to-day operations.
8. Outlook
The outlook for Bazel International Ltd. is influenced by a combination of industry trends and its specific operational execution.
Bull Case: If the company effectively identifies and capitalizes on underserved market niches, maintains robust asset quality through disciplined underwriting, and manages its funding costs efficiently, it could achieve steady growth. A supportive regulatory environment and continued strong credit demand in India would also be beneficial tailwinds.
Bear Case: The company could face significant challenges from intense competition, rising credit defaults due to economic volatility, difficulties in accessing stable and affordable funding, or adverse regulatory changes. Inability to scale operations or adapt to digital shifts could also hamper its long-term viability and growth prospects.
Ultimately, Bazel International Ltd.'s performance will depend on its strategic choices, risk management capabilities, and ability to navigate the dynamic and competitive Indian NBFC landscape.
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Market Cap ₹19 Cr.
Stock P/E 32.2
P/B 0.2
Current Price ₹19
Book Value ₹ 76.8
Face Value 10
52W High ₹76
Dividend Yield 0%
52W Low ₹ 16.5
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 18 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | -0 |
| Total Income | 1 | 18 | 1 | 1 | 1 | 3 | 1 | 1 | 1 |
| Total Expenditure | 0 | 17 | 0 | 0 | 0 | 2 | 0 | 0 | 1 |
| Operating Profit | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Interest | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Provision for Tax | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | -0 |
| Profit After Tax | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Adjustments | -0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | 2.2 | 0.9 | 0.9 | 1.7 | 0.3 | 0.5 | 0.6 | 0.6 | 0.3 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 0 | 1 | 18 | 3 | 5 |
| Other Income | 0 | 0 | 0 | 1 | 1 |
| Total Income | 0 | 1 | 18 | 4 | 6 |
| Total Expenditure | 0 | 1 | 17 | 2 | 3 |
| Operating Profit | 0 | 0 | 1 | 2 | 3 |
| Interest | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | -0 | 0 | 1 | 1 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | -0 | 0 | 1 | 0 |
| Adjustments | 0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | -0 | 0 | 1 | 0 |
| Adjusted Earnings Per Share | 0 | -0.2 | 0.9 | 1.8 | 2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -83% | 0% | 0% | 0% |
| Operating Profit CAGR | 100% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -48% | -1% | 11% | NA% |
| ROE Average | 1% | 1% | 1% | 1% |
| ROCE Average | 2% | 2% | 1% | 1% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 14 | 14 | 44 | 51 |
| Minority's Interest | 0 | 0 | 0 | 6 |
| Borrowings | 0 | 0 | 9 | 21 |
| Other Non-Current Liabilities | 0 | 0 | 1 | 1 |
| Total Current Liabilities | 0 | 0 | 2 | 0 |
| Total Liabilities | 14 | 15 | 56 | 79 |
| Fixed Assets | 0 | 0 | 0 | 12 |
| Other Non-Current Assets | 11 | 5 | 3 | 5 |
| Total Current Assets | 3 | 9 | 52 | 62 |
| Total Assets | 14 | 15 | 56 | 79 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 1 | 0 |
| Cash Flow from Operating Activities | -0 | -6 | -1 | -9 |
| Cash Flow from Investing Activities | 0 | 5 | -0 | -2 |
| Cash Flow from Financing Activities | 0 | 1 | 1 | 12 |
| Net Cash Inflow / Outflow | 0 | 0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | -0.21 | 0.91 | 1.82 |
| CEPS(Rs) | 0.01 | -0.16 | 1.25 | 1.27 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 47.48 | 47.26 | 112.62 | 90.62 |
| Core EBITDA Margin(%) | 29.82 | -10.52 | 4.94 | 23.32 |
| EBIT Margin(%) | 29.82 | 1.63 | 4.37 | 46.57 |
| Pre Tax Margin(%) | 29.34 | -8.32 | 2.63 | 27.97 |
| PAT Margin (%) | 1.48 | -9.58 | 2 | 18.07 |
| Cash Profit Margin (%) | 1.48 | -8.48 | 2.74 | 22.14 |
| ROA(%) | 0.01 | -0.38 | 1.02 | 0.86 |
| ROE(%) | 0.01 | -0.39 | 1.24 | 1.23 |
| ROCE(%) | 0.14 | 0.07 | 2.33 | 2.4 |
| Receivable days | 0 | 225.56 | 161.49 | 1483.31 |
| Inventory Days | 0 | 0 | 0 | 0.12 |
| Payable days | 0 | 0 | 2.7 | 0 |
| PER(x) | 0 | 0 | 23.54 | 18.3 |
| Price/Book(x) | 0 | 0 | 0.19 | 0.37 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 6.91 | 2.92 | 0.87 | 12.02 |
| EV/Core EBITDA(x) | 23.16 | 106.99 | 17.1 | 23.73 |
| Net Sales Growth(%) | 0 | 769.38 | 3056.42 | -81.98 |
| EBIT Growth(%) | 0 | -52.53 | 8369.95 | 92.07 |
| PAT Growth(%) | 0 | -5739.58 | 760.34 | 62.51 |
| EPS Growth(%) | 0 | -6351.27 | 545.07 | 98.7 |
| Debt/Equity(x) | 0 | 0.02 | 0.2 | 0.41 |
| Current Ratio(x) | 218.98 | 125.77 | 28.75 | 186.93 |
| Quick Ratio(x) | 218.98 | 125.77 | 28.75 | 270.66 |
| Interest Cover(x) | 62.67 | 0.16 | 2.51 | 2.5 |
| Total Debt/Mcap(x) | 0 | 0 | 1.03 | 1.11 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.32 | 0.12 | 0.11 | 0.08 | 0.04 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 99.54 | 99.54 | 99.54 | 99.54 | 99.54 | 99.68 | 99.88 | 99.89 | 99.92 | 99.96 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.28 | 0.28 | 0.28 | 0.39 | 0.77 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.28 | 0.28 | 0.28 | 0.39 | 0.77 |
* The pros and cons are machine generated.
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