Bajaj Finance

₹6685.3 79.9 | 1.2%

WEBSITE BSE:500034 NSE : BAJFINANCE 10 May, 16:01

Market Cap ₹414468 Cr.

Stock P/E 28.3

P/B 5.4

Current Price ₹6685.3

Book Value ₹ 1237.1

Face Value 2

52W High ₹8190

Dividend Yield 0.54%

52W Low ₹ 6190

Edit Ratio

Bajaj Finance Research see more...

Overview Inc. Year: 1987Industry: Finance - NBFC

Bajaj Finance Limited is an primarily India-based non-banking financial company. The Company's customer lending products consist of client electronics, furnishings, virtual merchandise, e-commerce purchases daily financing. Its small and medium companies (SME) lending consist of working capital loans and time period facilities to SME, and professionals. The Company's rural lending offers all its lending and deposits products, which encompass B2B lending, non-public loans, gold loans, and retail deposits in small towns and villages. Its mortgage in opposition to securities enterprise gives medium-term and short-term financing against stocks, bonds, mutual funds, insurance policies and deposits to clients. Its mortgages offer domestic loans, loans against assets and developer finance. Its commercial lending is engaged in lending to auto component producers and the light engineering industry, loans to monetary institutions, loans to the speciality chemical and pharma enterprise.

Bajaj Finance Share Price

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Peer Comparison

Bajaj Finance Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	8537	8626	9284	9970	10787	11364	12498	13378	14161	14926
Other Income	2	3	2	4	2	4	3	3	5	6
Total Income	8539	8629	9286	9974	10789	11368	12501	13382	14166	14932
Total Expenditure	3040	2691	3026	3129	3308	3382	3694	3929	4228	4420
Operating Profit	5499	5938	6260	6845	7481	7986	8807	9453	9938	10512
Interest Expense	2535	2568	2645	2972	3351	3592	4103	4537	4868	5217
Depreciation	97	104	111	121	119	134	156	159	176	193
Profit Before Tax	2868	3265	3503	3752	4012	4260	4548	4758	4894	5102
Provision for Tax	743	846	907	972	1039	1103	1114	1207	1257	1281
Profit After Tax	2125	2420	2596	2781	2973	3156	3434	3551	3637	3822
Adjustments	0	0	0	0	0	2	3	0	2	3
Profit After Adjustments	2125	2420	2596	2781	2973	3158	3437	3551	3639	3825
Adjusted Earnings Per Share	35.2	40.1	43	46	49.2	52.2	56.8	58.7	58.9	61.9

Bajaj Finance Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	5382	7294	9967	12786	18487	26374	26690	31640	41397	54963
Other Income	176	40	25	12	13	12	15	8	8	17
Total Income	5558	7334	9992	12798	18500	26386	26705	31648	41406	54981
Total Expenditure	1891	2354	3251	4157	5454	9161	10868	11905	12693	16271
Operating Profit	3666	4980	6742	8642	13046	17224	15837	19743	28713	38710
Interest Expense	2274	2959	3853	4696	6723	9608	9519	9855	12701	18725
Depreciation	36	56	71	102	144	295	325	385	485	684
Profit Before Tax	1357	1965	2817	3843	6179	7322	5992	9504	15528	19302
Provision for Tax	459	686	981	1347	2184	2058	1572	2476	4020	4859
Profit After Tax	898	1279	1836	2496	3995	5264	4420	7028	11508	14444
Adjustments	0	0	0	0	0	0	0	0	0	8
Profit After Adjustments	898	1279	1836	2496	3995	5264	4420	7028	11508	14452
Adjusted Earnings Per Share	18	23.9	33.6	43.4	69.3	87.7	73.5	116.5	190.4	236.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	31%	16%	26%	0%
Operating Profit CAGR	45%	19%	27%	0%
PAT CAGR	64%	30%	36%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	1%	7%	18%	43%
ROE Average	24%	18%	19%	20%
ROCE Average	12%	10%	11%	12%

Bajaj Finance Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	4800	7427	9600	15848	19697	32328	36918	43713	54372
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	18274	25287	33116	58715	88670	122859	122110	151069	194422
Current Liability	9910	14261	21033	10073	15630	8868	12074	17272	25847
Other Liabilities & Provisions	1338	2204	3150	-606	-434	-513	-578	-499	-349
Total Liabilities	34321	49179	66900	84031	123563	163541	170525	211555	274292
Loans	18120	24779	32028	79103	112513	141376	146687	191423	242269
Investments	147	457	762	1025	1512	3089	4596	10670	16331
Fixed Assets	252	290	366	470	695	1321	1316	1716	2308
Other Loans	1352	1894	2009	88	189	295	276	345	311
Other Non Current Assets	0	0	0	34	20	28	51	34	80
Current Assets	14450	21759	31734	3310	8634	17432	17599	7365	12993
Total Assets	34321	49179	66900	84031	123563	163541	170525	211555	274292

Bajaj Finance Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	228	1297	325	338	347	1345	1849	3381
Cash Flow from Operating Activities	-9870	-10439	-20566	-29062	-24412	-807	-37090	-42140
Cash Flow from Investing Activities	-687	-3047	1075	-5379	-8758	-429	6347	-10365
Cash Flow from Financing Activities	11656	12513	19503	34449	34167	1741	32275	50675
Net Cash Inflow / Outflow	1100	-972	13	9	998	505	1532	-1831
Closing Cash & Cash Equivalent	1328	325	338	347	1345	1849	3381	1551

Bajaj Finance Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	17.96	23.88	33.58	43.4	69.26	87.74	73.47	116.5	190.38
CEPS(Rs)	18.67	24.93	34.88	45.18	71.75	92.65	78.87	122.87	198.41
DPS(Rs)	3.6	5	3.6	4	6	10	10	20	30
Book NAV/Share(Rs)	95.99	136.78	175.56	274.12	339.07	535.29	608.63	717.97	890.34
Net Profit Margin	16.68	17.53	18.43	19.52	21.61	19.96	16.56	22.21	27.8
Operating Margin	67.46	67.5	66.93	66.79	69.79	64.19	58.12	61.18	68.19
PBT Margin	25.21	26.94	28.27	30.06	33.42	27.76	22.45	30.04	37.51
ROA(%)	2.62	3.06	3.16	3.31	3.85	3.67	2.65	3.68	4.74
ROE(%)	18.71	21.09	21.7	19.68	22.62	20.37	12.86	17.59	23.7
ROCE(%)	11.54	12.97	12.91	12.09	12.67	11.95	9.38	10.26	11.76
Price/Earnings(x)	22.81	29.02	34.96	40.77	43.68	25.26	70.08	62.31	29.5
Price/Book(x)	4.27	5.07	6.69	6.46	8.92	4.14	8.46	10.11	6.31
Dividend Yield(%)	0.44	0.36	0.31	0.23	0.2	0.45	0.19	0.28	0.53
EV/Net Sales(x)	8.72	9.98	11.35	13.14	14.91	9.91	16.46	18.95	13.33
EV/Core EBITDA(x)	12.79	14.62	16.78	19.44	21.14	15.17	27.73	30.36	19.22
Interest Earned Growth(%)	0	35.52	36.65	28.29	44.59	42.66	1.2	18.55	30.84
Net Profit Growth	0	42.41	43.62	35.94	60.03	31.76	-16.03	59.02	63.74
EPS Growth(%)	0	32.96	40.64	29.25	59.56	26.69	-16.26	58.57	63.42
Interest Coverage(x) %	1.6	1.66	1.73	1.82	1.92	1.76	1.63	1.96	2.22

Bajaj Finance Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	56.03	55.86	55.86	55.86	55.91	55.91	55.87	55.87	54.78	54.69
FII	22.85	21.41	19.98	20.5	19.86	19.17	20.09	20.41	20.92	20.56
DII	10.11	11.22	12.03	12.15	12.44	12.99	12.9	13.12	14.08	14.4
Public	11.01	11.5	12.13	11.49	11.79	11.93	11.14	10.6	10.22	10.35
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	33.82	33.82	33.82	33.82	33.85	33.85	33.85	33.85	33.85	33.85
FII	13.79	12.96	12.1	12.41	12.02	11.6	12.18	12.37	12.93	12.73
DII	6.1	6.8	7.28	7.36	7.53	7.86	7.82	7.95	8.7	8.92
Public	6.64	6.97	7.34	6.95	7.14	7.22	6.75	6.43	6.32	6.41
Others	0	0	0	0	0	0	0	0	0	0
Total	60.36	60.54	60.54	60.54	60.54	60.54	60.59	60.59	61.8	61.9

Pros

Company has delivered good profit growth of 35% CAGR over last 5 years

Cons

Stock is trading at 5.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.