Bajaj Finance Ltd
BAJFINANCEBajaj Finance Ltd
BAJFINANCEPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
27.80 | 5.57 | 0.52% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
17.31 | 2.40 | 1.00% |
Forecast & Ratings
Detailed Forecast from 29 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Bajaj Finance Limited is a non-banking finance company (NBFC). The Company is engaged in lending and allied activities.
Investor Presentation
View olderPeers
Compare with peersJio Financial Services Ltd
Shriram Finance Ltd
Cholamandalam Investment and Finance Company Ltd
Bajaj Housing Finance Ltd
Muthoot Finance Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 7,333.56 | 9,992.19 | 12,756.84 | 18,500.18 | 26,385.64 | 26,683.05 | 31,648.05 | 41,419.93 | 54,990.15 | 62,307.22 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 40,861.23 | ||||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
Employee Cost | 629.63 | 931.67 | 1,433.62 | 1,938.53 | 2,547.96 | 2,498.67 | 3,592.44 | 5,100.19 | 6,396.01 | |||||||||||
Selling & Administrative Expenses | 682.05 | 789.81 | 1,409.20 | 1,732.95 | 2,263.80 | 2,010.42 | 3,120.46 | 4,032.44 | 4,589.77 | |||||||||||
Operating & Other expenses | 4,000.86 | 5,382.13 | 5,968.51 | 8,505.39 | 13,957.13 | 15,856.43 | 15,046.80 | 16,274.06 | 24,011.48 | |||||||||||
EBITDA | 2,021.02 | 2,888.58 | 3,945.51 | 6,323.31 | 7,616.75 | 6,317.53 | 9,888.35 | 16,013.24 | 19,992.89 | 21,445.99 | ||||||||||
Depreciation/Amortization | 56.34 | 71.17 | 102.07 | 144.15 | 294.63 | 325.27 | 384.57 | 485.38 | 683.32 | 778.56 | ||||||||||
PBIT | 1,964.68 | 2,817.41 | 3,843.44 | 6,179.16 | 7,322.12 | 5,992.26 | 9,503.78 | 15,527.86 | 19,309.57 | 20,667.43 | ||||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
PBT | 1,964.68 | 2,817.41 | 3,843.44 | 6,179.16 | 7,322.12 | 5,992.26 | 9,503.78 | 15,527.86 | 19,309.57 | 20,667.43 | ||||||||||
Taxes & Other Items | 686.05 | 981.03 | 1,347.07 | 2,184.17 | 2,058.37 | 1,572.44 | 2,475.55 | 4,020.17 | 4,858.40 | 5,292.24 | ||||||||||
Net Income | 1,278.63 | 1,836.38 | 2,496.37 | 3,994.99 | 5,263.75 | 4,419.82 | 7,028.23 | 11,507.69 | 14,451.17 | 15,375.19 | ||||||||||
EPS | 24.70 | 33.93 | 44.50 | 69.36 | 89.46 | 73.57 | 116.67 | 190.57 | 236.43 | 248.79 | ||||||||||
DPS | 2.50 | 3.60 | 4.00 | 6.00 | 10.00 | 10.00 | 20.00 | 30.00 | 36.00 | 36.00 | ||||||||||
Payout ratio | 0.10 | 0.11 | 0.09 | 0.09 | 0.11 | 0.14 | 0.17 | 0.16 | 0.15 | 0.14 |
Company Updates
Peers & Comparison
FinancialsConsumer Finance
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Bajaj Finance Ltd | 29.58 | 5.57 | 0.52% |
Jio Financial Services Ltd | 123.22 | 1.42 | — |
Shriram Finance Ltd | 15.79 | 2.34 | 1.45% |
Cholamandalam Investment and Finance Company Ltd | 33.72 | 5.89 | 0.15% |
Price Comparison
Compare BAJFINANCE with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Bajaj Finance Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI Equity Hybrid Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5831% | Percentage of the fund’s portfolio invested in the stock 3.40% | Change in the portfolio weight of the stock over the last 3 months 0.11% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 10/96 (0) |
Axis Bluechip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4451% | Percentage of the fund’s portfolio invested in the stock 5.27% | Change in the portfolio weight of the stock over the last 3 months 0.18% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/62 (+2) |
Axis ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4002% | Percentage of the fund’s portfolio invested in the stock 4.36% | Change in the portfolio weight of the stock over the last 3 months -0.56% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/93 (+2) |
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Events
Dividend Trend
No Dividend Cuts
BAJFINANCE has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.52%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.20 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 21, 2024
Dividend/Share
₹36.00
Ex DateEx Date
Jun 21, 2024
Cash Dividend
Ex DateEx DateJun 30, 2023
Dividend/Share
₹30.00
Ex DateEx Date
Jun 30, 2023
Cash Dividend
Ex DateEx DateJun 30, 2022
Dividend/Share
₹20.00
Ex DateEx Date
Jun 30, 2022
Cash Dividend
Ex DateEx DateJul 8, 2021
Dividend/Share
₹10.00
Ex DateEx Date
Jul 8, 2021
Cash Dividend
Ex DateEx DateMar 3, 2020
Dividend/Share
₹10.00
Ex DateEx Date
Mar 3, 2020
Net profit of Bajaj Finance rose 12.64% to Rs 3999.73 crore in the quarter ended September 2024 as against Rs 3550.80 crore during the previous quarter ended September 2023. Sales rose 27.49% to Rs 16736.58 crore in the quarter ended September 2024 as against Rs 13127.97 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales16736.5813127.97 27 OPM %70.2271.99 - PBDT5611.524916.28 14 PBT5401.484757.76 14 NP3999.733550.80 13 Powered by Capital Market - Live
Moody's Ratings stated that BFL's ratings consider its strong and entrenched franchise as the largest retail oriented non-bank finance company (NBFC) in India with a sizable customer base and distribution network; its diversified loan book, which supports its high risk-adjusted profitability; its capitalization; and its competitive funding costs. These strengths are counterbalanced by the company's focus on riskier unsecured consumer and small business loans, which are susceptible to higher credit costs during economic duress, and its reliance on wholesale funding. BFL will likely continue gaining market share and further augmenting its already sizable franchise with consolidated assets under management of INR3.5 trillion (US$42 billion) as of June 2024. Moody's expects the company to maintain its two-pronged strategy of having a mix of secured lending and unsecured lending. BFL's strong loan diversification gives it flexibility to calibrate loan growth depending on the prevailing asset quality trends in the respective segments. The diversification also helps in asset-liability management via a judicious mix of short- and long-term loan assets. Apart from product diversification, the company has substantial geographical and customer diversification. Although BFL's sizable unsecured lending exposes it to economic shocks, the company has employed various risk management processes to ensure adequate risk-adjusted returns. BFL's secured loans have experienced low charge-offs over the years. Like its industry peers, BFL relies on wholesale sources for its funding needs to a large extent. As of June 2024, its funding mix comprised domestic bonds (35%), bank loans (28%), term deposits (21%) and others. The company's cost of funds is among the lowest compared with all privately owned Indian NBFCs. BFL's funding and liquidity access also benefit from the company being a part of the large and well-known Bajaj Group. Bajaj Finance is one of India's leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence. The non-banking financial company (NBFC) reported 13.82% increase in consolidated net profit to Rs 3,911.98 crore on a 24% jump in total income to Rs 10,418 crore in Q1 FY25 as compared with Q1 FY24. The scrip shed 0.03% to currently trade at Rs 6902 on the BSE. Powered by Capital Market - Live
Among the components of the BSE Auto index, Bajaj Auto Ltd (down 11.69%), Bosch Ltd (down 3.8%),Hero MotoCorp Ltd (down 3.29%),Mahindra & Mahindra Ltd (down 3.04%),Exide Industries Ltd (down 2.87%), were the top losers. Among the other losers were TVS Motor Company Ltd (down 2.41%), Sundram Fasteners Ltd (down 2.25%), Ashok Leyland Ltd (down 2.18%), Cummins India Ltd (down 2.13%), and Apollo Tyres Ltd (down 2.08%).At 13:47 IST, the BSE SmallCap was down 596.5 or 1.04% at 56806.57.The BSE 150 MidCap Index index was down 220.58 points or 1.32% at 16532.95.The Nifty 50 index was down 198.05 points or 0.79% at 24773.25.The BSE Sensex index was down 488.92 points or 0.6% at 81012.44.On BSE,1259 shares were trading in green, 2622 were trading in red and 130 were unchanged.Powered by Capital Market - Live
Among the components of the BSE Realty index, Oberoi Realty Ltd (down 6.23%), Macrotech Developers Ltd (down 3.75%),Prestige Estates Projects Ltd (down 3.62%),Godrej Properties Ltd (down 3.44%),Phoenix Mills Ltd (down 3.02%), were the top losers. Among the other losers were DLF Ltd (down 2.76%), Brigade Enterprises Ltd (down 2.58%), Sobha Ltd (down 2.44%), Sunteck Realty Ltd (down 1.89%), and Mahindra Lifespace Developers Ltd (down 1.75%).At 13:47 IST, the BSE SmallCap was down 596.5 or 1.04% at 56806.57.The BSE 150 MidCap Index index was down 220.58 points or 1.32% at 16532.95.The Nifty 50 index was down 198.05 points or 0.79% at 24773.25.The BSE Sensex index was down 488.92 points or 0.6% at 81012.44.On BSE,1259 shares were trading in green, 2622 were trading in red and 130 were unchanged.Powered by Capital Market - Live
Among the components of the BSE Consumer Discretionary index, Bajaj Auto Ltd (down 11.69%), Oberoi Realty Ltd (down 6.23%),Indo Rama Synthetics (India) Ltd (down 5.23%),V2 Retail Ltd (down 4.42%),Divgi Torqtransfer Systems Ltd (down 4.21%), were the top losers. Among the other losers were HLV Ltd (down 4.2%), Sandhar Technologies Limited (down 3.93%), Kitex Garments Ltd (down 3.9%), Jamna Auto Industries Ltd (down 3.88%), and Bosch Ltd (down 3.8%). On the other hand, Kolte Patil Developers Ltd (up 8.85%), Peninsula Land Ltd (up 5.59%), and Hardwyn India Ltd (up 5.39%) moved up.At 13:47 IST, the BSE SmallCap was down 596.5 or 1.04% at 56806.57.The BSE 150 MidCap Index index was down 220.58 points or 1.32% at 16532.95.The Nifty 50 index was down 198.05 points or 0.79% at 24773.25.The BSE Sensex index was down 488.92 points or 0.6% at 81012.44.On BSE,1259 shares were trading in green, 2622 were trading in red and 130 were unchanged.Powered by Capital Market - Live
Bajaj Finance has allotted 50,000 NCDs of face value of Rs 1 lakh each, aggregating to Rs 500 crore on private placement basis on 09 October 2024. Powered by Capital Market - Live
Bajaj Finance will hold a meeting of the Board of Directors of the Company on 22 October 2024Powered by Capital Market - Live
Bajaj Finance has allotted 50,000 NCDs of face value of Rs 1,00,000 each aggregating to Rs 500 crore on private placement basis on 04 October 2024. Powered by Capital Market - Live
Bajaj Finance has allotted 3,09,700 NCDs, at face value of Rs. 1 lakh each, aggregating to Rs 3,181.54 crore on private placement basis on 20 September 2024. Powered by Capital Market - Live
Bajaj Housing Finance, pursuant to its IPO, has on 12 September 2024: ' Allotted 50,85,71,428 equity shares of Rs. 10 each to successful Bidders, which were issued for subscription pursuant to the Fresh Issue; and ' Approved the transfer of 42,85,71,428 equity shares of Rs. 10 each to successful Bidders, which were offered for sale by the Company. As a result of the above, the Bajaj Finance's shareholding in Bajaj Housing Finance stands reduced from 100% to 88.75% (i.e., from 781,95,75,273 to 739,10,03,845 equity shares), of the issued and paid-up equity share capital of Bajaj Housing Finance. Consequent to the above, BHFL ceases to be a wholly-owned subsidiary of the Company. However, it continues to remain a subsidiary of the Company.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 24.34%, vs industry avg of 15.21%
Increasing Market Share
Over the last 5 years, market share increased from 14.81% to 23.42%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 29.32%, vs industry avg of 20.98%