Bajaj Finance

₹6740 11.9 | 0.2%

WEBSITE BSE:500034 NSE : BAJFINANCE 18 May, 12:50

Market Cap ₹417859 Cr.

Stock P/E 28.5

P/B 5.8

Current Price ₹6740

Book Value ₹ 1161.5

Face Value 2

52W High ₹8190

Dividend Yield 0.53%

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.)	Mar 2017
Operating Revenue	2662
Other Income	8
Total Income	2670
Total Expenditure	977
Operating Profit	1693
Interest Expense	984
Depreciation	20
Profit Before Tax	690
Provision for Tax	241
Profit After Tax	449
Adjustments	-449
Profit After Adjustments	0
Adjusted Earnings Per Share	8.2

Bajaj Finance Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	3092	4032	5382	7294	9963	12653	17386	23823	23550	27872	35681	2662
Other Income	93	104	176	40	26	12	13	12	14	7	5	8
Total Income	3185	4136	5558	7333	9989	12665	17399	23834	23564	27879	35687	2670
Total Expenditure	1073	1424	1891	2354	3248	4083	5189	8765	10349	11260	11937	977
Operating Profit	2112	2712	3666	4980	6741	8582	12210	15069	13215	16619	23750	1693
Interest Expense	1221	1592	2274	2959	3853	4649	6037	7990	7550	7678	9425	984
Depreciation	20	29	36	56	71	102	137	271	302	355	444	20
Profit Before Tax	872	1091	1357	1965	2818	3831	6035	6808	5363	8586	13882	690
Provision for Tax	280	372	459	686	981	1347	2145	1927	1407	2236	3592	241
Profit After Tax	591	719	898	1279	1837	2485	3890	4881	3956	6350	10290	449
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-449
Profit After Adjustments	591	719	898	1279	1837	2485	3890	4881	3956	6350	10290	0
Adjusted Earnings Per Share	11.9	14.5	18	23.9	33.6	43.2	67.4	81.4	65.7	105.3	170.2	8.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	14%	23%	28%
Operating Profit CAGR	43%	16%	23%	27%
PAT CAGR	62%	28%	33%	33%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-1%	6%	15%	44%
ROE Average	22%	17%	18%	20%
ROCE Average	12%	11%	12%	12%

Bajaj Finance Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	3352	3991	4800	7427	9600	15817	19564	31813	35939	42056	51493
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	7503	10478	18274	25287	33116	55973	77029	98772	93452	113574	141259
Current Liability	6845	10333	9910	14261	21033	9668	11680	7115	8400	11964	23218
Other Liabilities & Provisions	16	916	1338	2204	3150	-605	-434	-544	-427	-486	-364
Total Liabilities	17716	25718	34321	49179	66900	80852	107839	137156	137364	167108	215606
Loans	9548	13852	18120	24779	32028	75533	95181	113417	113090	144276	179097
Investments	5	0	175	485	1090	2553	5061	8076	8108	9391	12759
Fixed Assets	176	220	249	287	361	465	654	1228	1227	1598	2147
Other Loans	73	954	1351	1894	2009	87	185	277	256	324	292
Other Non Current Assets	0	0	0	0	0	32	20	27	51	33	80
Current Assets	7913	10692	14426	21734	31411	2183	6738	14130	14632	11486	21231
Total Assets	17716	25718	34321	49179	66900	80852	107839	137156	137364	167108	215606

Bajaj Finance Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	60	416	787	228	1297	325	227	240	675	1372	2873
Cash Flow from Operating Activities	-3251	-6087	-7147	-9871	-10440	-17191	-15694	-14110	4386	-23856	-27331
Cash Flow from Investing Activities	-56	-96	-365	-686	-3048	505	-6638	-9633	424	3806	-12372
Cash Flow from Financing Activities	3664	6543	6953	11656	12516	16589	22344	24177	-4113	21550	38021
Net Cash Inflow / Outflow	357	360	-559	1099	-972	-97	13	435	697	1501	-1682
Closing Cash & Cash Equivalent	416	777	228	1327	325	227	240	675	1372	2873	1191

Bajaj Finance Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	11.94	14.45	17.96	23.88	33.58	43.2	67.44	81.36	65.75	105.26	170.23
CEPS(Rs)	12.33	15.04	18.67	24.93	34.89	44.97	69.82	85.87	70.77	111.15	177.57
DPS(Rs)	3	1.6	3.6	5	3.6	4	6	10	10	20	30
Book NAV/Share(Rs)	67.66	80.22	95.99	136.78	175.56	273.58	336.76	526.71	592.35	690.51	842.71
Net Profit Margin	19.12	17.83	16.68	17.53	18.43	19.64	22.38	20.49	16.8	22.78	28.84
Operating Margin	67.67	66.53	67.46	67.5	66.95	67.02	69.44	62.12	54.83	58.35	65.32
PBT Margin	28.19	27.06	25.21	26.94	28.28	30.28	34.71	28.58	22.77	30.81	38.9
ROA(%)	3.87	3.31	2.99	3.06	3.16	3.36	4.12	3.98	2.88	4.17	5.38
ROE(%)	22.05	19.58	20.43	21.09	21.7	19.61	22.13	19.13	11.77	16.43	22.23
ROCE(%)	14.56	13.34	13.16	12.97	12.91	12.26	13.03	12.23	9.5	10.81	12.32
Price/Earnings(x)	9.67	12.39	22.81	29.02	34.96	40.97	44.85	27.24	78.31	68.96	32.99
Price/Book(x)	1.71	2.23	4.27	5.07	6.69	6.47	8.98	4.21	8.69	10.51	6.66
Dividend Yield(%)	1.3	0.89	0.44	0.36	0.31	0.23	0.2	0.45	0.19	0.28	0.53
EV/Net Sales(x)	5.96	6.91	8.72	9.98	11.35	13.06	14.99	9.93	17.34	20.02	13.95
EV/Core EBITDA(x)	8.73	10.28	12.79	14.62	16.78	19.25	21.34	15.69	30.89	33.58	20.96
Interest Earned Growth(%)	42.95	30.41	33.46	35.52	36.6	27	37.41	37.02	-1.15	18.36	28.02
Net Profit Growth	45.49	21.6	24.88	42.39	43.65	35.28	56.58	25.47	-18.96	60.55	62.03
EPS Growth(%)	24.91	21.08	24.25	32.96	40.67	28.62	56.12	20.64	-19.19	60.1	61.72
Interest Coverage(x) %	1.71	1.69	1.6	1.66	1.73	1.82	2	1.85	1.71	2.12	2.47

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 32% CAGR over last 5 years

Cons

Stock is trading at 5.8 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.