Bajaj Housing Finance Ltd
BAJAJHFLBajaj Housing Finance Ltd
BAJAJHFLPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
57.33 | 8.65 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
17.87 | 2.49 | 0.97% |
Forecast & Ratings
Detailed Forecast from 5 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Bajaj Housing Finance Limited offers a range of housing finance products, including home loans and loans against property, catering to individuals and corporate clients.
Investor Presentation
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Compare with peersBajaj Finance Ltd
Jio Financial Services Ltd
Shriram Finance Ltd
Cholamandalam Investment and Finance Company Ltd
Muthoot Finance Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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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 | 0.09 | 3.16 | 105.95 | 1,155.75 | 2,646.23 | 3,155.28 | 3,767.13 | 5,665.44 | 7,617.71 | 8,561.71 | ||||||||||
Raw Materials | 0.04 | 3.03 | — | — | — | — | — | — | — | 6,124.04 | ||||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | |||||||||||||
Employee Cost | 18.14 | 218.93 | 248.51 | 245.76 | 348.80 | 435.14 | 465.63 | |||||||||||||
Selling & Administrative Expenses | — | — | — | — | — | — | — | |||||||||||||
Operating & Other expenses | 76.81 | 781.30 | 1,807.13 | 2,274.57 | 2,432.71 | 3,496.84 | 4,951.16 | |||||||||||||
EBITDA | 0.05 | 0.13 | 11.00 | 155.52 | 590.59 | 634.95 | 985.62 | 1,733.46 | 2,200.92 | 2,437.67 | ||||||||||
Depreciation/Amortization | 0.00 | 0.01 | 0.15 | 6.82 | 23.14 | 21.77 | 25.76 | 33.40 | 39.60 | 40.12 | ||||||||||
PBIT | 0.05 | 0.12 | 10.85 | 148.70 | 567.45 | 613.18 | 959.86 | 1,700.06 | 2,161.32 | 2,397.55 | ||||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
PBT | 0.05 | 0.12 | 10.85 | 148.70 | 567.45 | 613.18 | 959.86 | 1,700.06 | 2,161.32 | 2,397.55 | ||||||||||
Taxes & Other Items | 0.00 | 0.00 | 0.70 | 38.90 | 146.12 | 159.99 | 250.24 | 442.26 | 430.10 | 551.03 | ||||||||||
Net Income | 0.05 | 0.12 | 10.15 | 109.80 | 421.33 | 453.19 | 709.62 | 1,257.80 | 1,731.22 | 1,846.52 | ||||||||||
EPS | 0.01 | 0.01 | 0.11 | 0.43 | 1.00 | 0.93 | 1.45 | 2.17 | 2.58 | 2.75 | ||||||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Investor Presentation
Peers & Comparison
FinancialsConsumer Finance
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Bajaj Housing Finance Ltd | 61.15 | 8.65 | — |
Bajaj Finance Ltd | 30.29 | 5.71 | 0.51% |
Jio Financial Services Ltd | 128.53 | 1.48 | — |
Shriram Finance Ltd | 14.96 | 2.22 | 1.53% |
Price Comparison
Compare BAJAJHFL with any stock or ETFShareholdings
Promoter Holdings Trend
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 6.07%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 1.68%
Shareholding Pattern
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.36%
Top 5 Mutual Funds holding Bajaj Housing 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) |
---|---|---|---|---|
Edelweiss Mid Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1533% | Percentage of the fund’s portfolio invested in the stock 1.96% | Change in the portfolio weight of the stock over the last 3 months 1.96% | 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 49/88 (+35) |
ICICI Prudential Banking & Financial Services Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0732% | Percentage of the fund’s portfolio invested in the stock 0.86% | Change in the portfolio weight of the stock over the last 3 months 0.86% | 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 19/53 (+28) |
SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0457% | Percentage of the fund’s portfolio invested in the stock 1.64% | Change in the portfolio weight of the stock over the last 3 months 1.64% | 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 24/36 (+10) |
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Events
Dividend Trend
No Dividends
BAJAJHFL has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Bajaj Housing Finance has allotted 50,000 NCDs at face value of Rs 1 lakh each aggregating to Rs 500 crore on private placement basis on 20 December 2024. Powered by Capital Market - Live
Net profit of Bajaj Housing Finance rose 20.95% to Rs 545.60 crore in the quarter ended September 2024 as against Rs 451.11 crore during the previous quarter ended September 2023. Sales rose 26.24% to Rs 2397.65 crore in the quarter ended September 2024 as against Rs 1899.24 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2397.651899.24 26 OPM %93.0691.38 - PBDT717.61584.72 23 PBT707.59575.00 23 NP545.60451.11 21 Powered by Capital Market - Live
Bajaj Housing Finance has allotted 1,50,000 NCDs of face value of Rs 1,00,000 each aggregating to Rs 1,500 crore on private placement basis on 17 October 2024. Powered by Capital Market - Live
Bajaj Housing Finance will hold a meeting of the Board of Directors of the Company on 21 October 2024Powered by Capital Market - Live
Bajaj Housing Finance has allotted 55,000 NCDs of face value of Rs 1,00,000 each aggregating to Rs 550 crore on private placement basis on 04 October 2024. Powered by Capital Market - Live
The key equity indices traded with decent losses in early trade, led by weak sentiment flowing from global markets, due to rising risks of escalating conflict between Israel and its allies on one side, and Iran and its supporters on the other. The Nifty traded below the 25,150 mark. Barring the Nifty IT index, all the other sectoral indices on the NSE traded in the red. At 09:30 IST, the barometer index, the S&P BSE Sensex, was down 337.53 points or 0.41% to 82,121.89. The Nifty 50 index declined 116.25 points or 0.46% to 25,124.20. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.37% and the S&P BSE Small-Cap index declined 1.43%. The market breadth was negative. On the BSE, 1,285 shares rose and 1,368 shares fell. A total of 109 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 15,243.27 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 12,913.96 crore in the Indian equity market on 3 October 2024, provisional data showed. Stocks in Spotlight: Bajaj Housing Finance rose 0.54%. The company's assets under management (AUM) stood at Rs 1.03 Lakh crore in Q2 FY25, up 26% YoY. Its loan assets stood at Rs 89,869 crore in Q2 FY25 as compared with Rs 70,954 crore in the same quarter last year. Bank of Baroda added 0.96%. The bank's domestic advances increased 12.5% YoY to Rs 9.39 lakh crore in Q2 FY25. Its domestic deposits stood at Rs 11.5 lakh crore, reflecting a 7.1%YoY increase. Bajaj Finance declined 2.24%. The company's new loan book jumped 14% YoY to Rs 96.9 crore in Q2 FY25. Assets under management (AUM) increased 29% year-on-year to Rs 3.74 lakh crore in Q2 FY25. Net liquidity surplus stood at approximately Rs 20,100 crore as of 30 September 2024. Deposits book increased to Rs 66,100 crore, up 21% YoY as on 30 September 2024. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.98% to 6.911 as compared with previous close 6.888. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.9650, compared with its close of 83.9600 during the previous trading session. MCX Gold futures for 4 December 2024 settlement rose 0.10% to Rs 76,321. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.06% to 101.93. The United States 10-year bond yield fell 0.16% to 3.851. In the commodities market, Brent crude for December 2024 settlement lost 8 cents or 0.10% to $77.54 a barrel. Global Markets: Asian stocks traded mixed on Friday, following losses on Wall Street, with concerns over Middle East tensions keeping investors on edge in the run up to September's U.S. payrolls report. U.S. President Joe Biden warned that the U.S. was considering strikes on Iranian oil facilities in response to Tehran's missile attack on Israel. Meanwhile, Israel continued its military campaign against the Lebanese armed group Hezbollah, with new air strikes targeting Beirut. Investors were also closely watching the U.S. nonfarm payrolls report, which could provide further insights into the Federal Reserve's interest rate policy. U.S. stocks closed lower on Thursday, though they recovered from intraday losses. Traders remained cautious amid the ongoing Middle East conflict and the anticipation of the jobs report. The Dow Jones Industrial Average declined by 0.44%, the S&P 500 fell by 0.17%, and the Nasdaq Composite dropped by 0.04%.Powered by Capital Market - Live
Securities ban in F&O Bandhan Bank, Birla Soft, Granules India, Hindustan Copper, Manapurram Finance, RBL Bank Stocks to watch : Bajaj Housing Finance's Assets under management (AUM) stood at Rs 1.03 Lakh crore in Q2 FY25, up 26% YoY . Its loan assets stood at Rs 89,869 crore in Q2 FY25 as compared with Rs 70,954 crore in the same quarter last year. Bajaj Finance's new loan book jumped 14% YoY to Rs 96.9 crore in Q2 FY25. Assets under management (AUM) increased 29% year-on-year to Rs 3.74 lakh crore in Q2 FY25. Net liquidity surplus stood at approximately Rs 20,100 crore as of 30 September 2024. Deposits book increased to Rs 66,100 crore, up 21% YoY as on 30 September 2024. Mahindra & Mahindra Financial Services' overall disbursements fell 1% YoY to Rs 13,160 crore in Q2 FY25. Its non-performing assets stood at 3.8% in Q2 FY25 as compared with 4.3% in Q2 FY24. Business assets stood at Rs 1.13 lakh crore, up 20% YoY in Q2 FY25. Shilpa Medicare arm received a certificate of sustainability from European Directorate for the quality of medicines and healthcare for the API, desmopressin. Aarti Drugs received certificate of GMP Compliance from United Kingdom Medicines and Healthcare Products Regulatory Agency to the manufacturing facility of its subsidiary, Himachal Pradesh. Bank of Baroda's domestic advances increased 12.5% YoY to Rs 9.39 lakh crore in Q2 FY25. Its domestic deposits stood at Rs 11.5 lakh crore, reflecting a 7.1%YoY increase. JTL Industries board has approved a split of one share into two. Uflex's Eygpt unit, Flex ASepto will set up a packaging unit worth $ 126 million. CESC has signed a term sheet with Bhojraj Renewables fro 150 MW solar project and a 300 MW wind project.Powered by Capital Market - Live
The equity benchmarks traded with minor gains in morning trade. The Nifty traded above the 24,400 level. Realty shares advanced for the third consecutive trading session. At 10:30 ST, the barometer index, the S&P BSE Sensex, added 197.57 points or 0.24% to 83,088. The Nifty 50 index rose 49.65 points or 0.20% to 25,406.15. The Sensex and Nifty clocked an all-time high of 83,184.34 and 25,445.70, respectively in morning trade. In the broader market, the S&P BSE Mid-Cap index rose 0.12% and the S&P BSE Small-Cap index added 20%. The S&P BSE Mid-Cap and S&P BSE Small-Cap index hit a record high of 49,506.01 and 57,502.74 respectively. The market breadth was positive. On the BSE, 2,105 shares rose and 1,640 shares fell. A total of 171 shares were unchanged. New Listing : Shares of Bajaj Housing Finance were currently trading at Rs 154.81 at 10:06 IST on the BSE, representing a premium of 121.16% as compared with the issue price of Rs 70. The scrip was listed at Rs 150, exhibiting a premium of 114.29% to the issue price. So far, the stock has hit a high of 160.92 and a low of 147. On the BSE, over 269.25 lakh shares of the company were traded in the counter so far. Shares of Tolins Tyres were currently trading at Rs 238.80 at 10:11 IST on the BSE, representing a premium of 5.44% as compared with the issue price of Rs 226. The scrip was listed at Rs 227, exhibiting a marginal premium to the issue price. So far, the stock has hit a high of 238.30 and a low of 226.50. On the BSE, over 1.35 lakh shares of the company were traded in the counter so far. Shares of Kross were currently trading at Rs 259.10 at 10:17 IST on the BSE, representing a premium of 7.96% as compared with the issue price of Rs 240. The scrip was listed at Rs 240, matching the issue price. So far, the stock has hit a high of 264 and a low of 231.80. On the BSE, over 9.37 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Realty index added 1.30% to 1,067.30. The index advanced 3.95 % in the three consecutive trading sessions. Macrotech Developers (up 4.12%), Phoenix Mills (up 2.2%), Sobha (up 1.55%), Oberoi Realty (up 0.88%) and DLF (up 0.71%), Godrej Properties (up 0.58%), Brigade Enterprises (up 0.48%) and Sunteck Realty (up 0.04%) edged higher. On the other hand, Mahindra Lifespace Developers (down 0.78%), Prestige Estates Projects (down 0.12%) edged lower. Stocks in Spotlight: Samvardhana Motherson International fell 0.13%. The company informed that the board of its subsidiary SMRC Automotive Holdings Netherlands B.V. has approved to execute a joint venture (JV) agreement with Hamakyorex Co., Japan. Adani Power jumped 5.94% while Adani Green Energy rallied 6.12% after the company said that it will signed a long term power purchase agreement (PPA) and supply power agreement (SPA) with Maharashtra State Electricity Distribution Company (MSEDCL) for supply of 6600 MW hybrid solar and thermal power. Adani power will supply 1,496 MW (net) thermal power to Maharashtra from a new 1,600 MW Ultra-supercritical thermal power project and Adani Green Energy will also supply 5 GW (5000 MW) solar power from its renewable energy park being developed at Khavda in Kutch District of Gujarat, to Maharashtra state. Powered by Capital Market - Live
The scrip was listed at Rs 150, exhibiting a premium of 114.29% to the issue price. So far, the stock has hit a high of 160.92 and a low of 147. On the BSE, over 269.25 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Bajaj Housing Finance received 46,28,35,82,522 was subscribed 63.61 times. The issue opened for bidding on 9 September 2024 and it closed on 11 September 2024. The price band of the IPO was fixed between Rs 66 to 70 per share. The initial public offer (IPO) consisted of fresh issue to raise Rs 3,560 crore through issuance of 53.94 crore equity shares at the lower band of Rs 66 per share (face value Rs 10 per share) and 50.86 crore equity shares at the upper band of Rs 70 per share. The issue included an offer for sale (OFS) of Rs 3,000 crore through issuance of 42.86-45.45 crore equity shares from the promoter, Bajaj Finance. The offer comprised of shareholders reservation of Rs 500 crore for shareholders of Bajaj Finserv and Bajaj Finance and employee reservation of Rs 200 crore. The net proceeds from the fresh issue will be used for augmenting the capital base to meet future capital requirements. The issue will bring the benefits of listing the equity shares on the stock exchanges, including enhancing brand image among existing and potential customers and creation of a public market for the equity shares in India. Ahead of the IPO, Bajaj Housing Finance on Friday, 6 September 2024, raised Rs 1,757.99 crore from anchor investors. The board allotted 25.11 crore shares at Rs 70 each to 104 anchor investors. Bajaj Housing Finance (BHFL) is India's largest non-deposit taking housing finance company (HFC) registered with the National Housing Bank (NHB) since 24 September 2015. The company is a part of the Bajaj Group, a diversified business group, in existence for a century. It has undertaken mortgage lending since FY2018 and is categorized as an Upper Layer NBFC (NBFC-UL) by the Reserve Bank of India (RBI) since September 2022. BHFL has emerged as the second largest HFC within seven years of commencing mortgage operations. The eighth largest NBFC-ULs by AUMs end March 2024, is the second most profit making HFC in India, recording the second highest loan disbursement by HFCs in India in FY2024 and Q1FY2025. It has the second highest AUM per branch and AUM per employee among large HFCs. The firm reported a consolidated net profit of Rs 482.61 crore and income from operations of Rs 2,063.54 crore for the three months ended on 30 June 2024. Powered by Capital Market - Live
The equity shares of Bajaj Housing Finance (Scrip Code: 544252) are listed effective 16 September 202 and admitted to dealings on the Exchange in the list of ''B'' Group Securities.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 45.81%, vs industry avg of 15.21%
Increasing Market Share
Over the last 5 years, market share increased from 0.93% to 3.24%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 73.6%, vs industry avg of 20.97%