Bajaj Finserv

₹1728.7 -17.1 | 1%

WEBSITE BSE:532978 NSE : BAJAJ FINSE 24 Jan, 16:01

Market Cap ₹276015 Cr.

Stock P/E 17.7

P/B 4

Current Price ₹1728.7

Book Value ₹ 427.9

Face Value 1

52W High ₹2029

Dividend Yield 0.06%

52W Low ₹ 1419

Edit Ratio

Bajaj Finserv Research see more...

Overview Inc. Year: 2007Industry: Finance - Investment

Bajaj Finserv Limited is a holding company for numerous financial services companies. The Company is in the business of promoting financial services, which include finance, coverage and wealth control, via its investments in subsidiaries and joint ventures. The Company is likewise engaged in the commercial enterprise of power generation thru wind turbines, a renewable source of energy. Its segments consist of Insurance, Windmill, Retail financing, and Investments and others. The Company is likewise involved in wind-farm activities. The Company makes a speciality of six classes: consumer lending, small and medium size company (SME) lending, commercial lending, rural lending, fixed deposits and fee introduced offerings. It serves diverse customers in the financial services area by means of presenting solutions for asset acquisition thru financing, asset protection thru general coverage, family and income safety in the form of life and health insurance, and retirement and savings solutions.

Bajaj Finserv Share Price

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Peer Comparison

Bajaj Finserv Quarterly Results

#(Fig in Cr.)
Operating Revenue
Other Income
Total Income
Total Expenditure
Operating Profit
Interest Expense
Depreciation
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Bajaj Finserv Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operating Revenue	6022	7587	20533	24507	32862	42604	54833	60591	68406	82071	110382
Other Income	66	143	0	1	0	2	5	0	33	1	1
Total Income	6088	7730	20534	24508	32863	42606	54837	60592	68439	82072	110383
Total Expenditure	1592	2216	13795	15794	22074	27569	36580	40957	46976	52204	69509
Operating Profit	4496	5514	6739	8713	10788	15037	18257	19635	21463	29868	40874
Interest Expense	1563	2230	2877	3716	4531	6657	9500	9274	9629	12380	18607
Depreciation	31	38	58	73	160	226	457	498	563	678	900
Profit Before Tax	2902	3246	3804	4925	6099	8155	8302	9862	11271	16811	21375
Provision for Tax	711	837	1029	1475	1922	2781	2308	2495	2957	4602	5780
Profit After Tax	2191	2409	2775	3450	4176	5374	5994	7367	8314	12210	15595
Adjustments	-647	-719	-911	-1188	-1526	-2155	-2624	-2897	-3757	-5792	-7448
Profit After Adjustments	1544	1690	1863	2262	2650	3219	3369	4470	4557	6417	8148
Adjusted Earnings Per Share	9.7	10.6	11.7	14.2	16.7	20.2	21.2	28.1	28.6	40.3	51.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	34%	22%	21%	34%
Operating Profit CAGR	37%	28%	22%	25%
PAT CAGR	28%	28%	24%	22%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	7%	3%	12%	29%
ROE Average	30%	27%	25%	24%
ROCE Average	13%	12%	12%	14%

Bajaj Finserv Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	9495	11089	13599	16150	20483	23740	31301	35830	40247	46407	60329
Minority's Interest	3542	4226	5877	7201	10774	12808	19560	22464	26073	31191	43447
Borrowings	10300	17931	24549	32388	53479	46133	60264	64818	85413	101622	129014
Current Liability	38112	38111	40140	49812	76619	125553	139931	156422	181368	225753	304079
Other Liabilities & Provisions	12771	16625	19454	22638	-609	-490	-558	-316	-333	-488	33
Total Liabilities	74220	87982	103618	128190	160746	207743	250499	279218	332768	404486	536901
Loans	13852	18120	24779	32028	79372	112848	141743	147100	191853	242750	326742
Investments	21831	25712	28426	31410	64569	71376	73013	94950	111620	125307	159090
Fixed Assets	1262	1261	1274	1640	1754	2059	3178	3142	3550	4301	5425
Other Loans	300	326	425	407	209	305	441	382	525	700	763
Other Non Current Assets	3770	3707	4433	5055	28	66	45	129	113	191	220
Current Assets	33205	38857	44282	57650	14776	21051	32042	33476	25072	31202	44631
Total Assets	74220	87982	103618	128190	160746	207743	250499	279218	332768	404486	536901

Bajaj Finserv Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	4455	3544	4099	5261	7812	7913	5504
Cash Flow from Operating Activities	-19580	-27076	-23369	4547	-33670	-39480	-68674
Cash Flow from Investing Activities	-922	-6903	-9948	-3684	1445	-13945	-10960
Cash Flow from Financing Activities	19590	34535	34479	1687	32326	51016	82709
Net Cash Inflow / Outflow	-911	555	1162	2551	101	-2409	3075
Closing Cash & Cash Equivalent	3544	4099	5261	7812	7913	5504	8579

Bajaj Finserv Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	9.7	10.62	11.71	14.21	16.65	20.23	21.17	28.09	28.63	40.29	51.11
CEPS(Rs)	13.96	15.38	17.8	22.13	27.25	35.19	40.53	49.43	55.78	80.92	103.48
DPS(Rs)	0.35	0.35	0.35	0.35	0.35	0.5	1	0.3	0.4	0.8	1
Book NAV/Share(Rs)	59.67	69.67	85.41	101.41	128.42	148.67	195.79	223.65	250.53	288.44	374.6
Net Profit Margin	36.38	31.75	13.51	14.08	12.71	12.61	10.93	12.16	12.15	14.88	14.13
Operating Margin	74.14	72.17	32.54	35.26	32.35	34.77	32.46	31.58	30.55	35.57	36.22
PBT Margin	48.18	42.79	18.53	20.09	18.56	19.14	15.14	16.28	16.48	20.48	19.36
ROA(%)	3.14	2.97	2.9	2.98	2.89	2.92	2.62	2.78	2.72	3.31	3.31
ROE(%)	25.08	23.41	22.49	23.21	22.84	24.37	21.87	22.07	22.03	28.46	29.52
ROCE(%)	17.87	16.49	15.35	15.15	14.12	14.13	12.65	11.9	11.47	12.73	13.2
Price/Earnings(x)	8.14	13.08	14.55	28.76	31.1	34.78	21.68	34.42	59.55	31.43	32.16
Price/Book(x)	1.32	1.99	1.99	4.03	4.03	4.73	2.34	4.32	6.81	4.39	4.39
Dividend Yield(%)	0.22	0.13	0.1	0.04	0.03	0.04	0.11	0.03	0.02	0.06	0.06
EV/Net Sales(x)	4.98	6.2	2.97	4.56	4.46	4.93	3.59	4.59	6.25	4.97	4.87
EV/Core EBITDA(x)	6.68	8.53	9.05	12.83	13.58	13.97	10.8	14.18	19.92	13.65	13.14
Interest Earned Growth(%)	18.76	25.99	170.64	19.35	34.09	29.64	28.7	10.5	12.9	19.98	34.5
Net Profit Growth	-1.05	9.96	15.17	24.33	21.06	28.67	11.53	22.92	12.84	46.86	27.73
EPS Growth(%)	-1.88	9.44	10.25	21.39	17.17	21.46	4.66	32.69	1.93	40.72	26.85
Interest Coverage(x) %	2.86	2.46	2.32	2.33	2.35	2.22	1.87	2.06	2.17	2.36	2.15

Bajaj Finserv Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	60.75	60.75	60.78	60.79	60.69	60.69	60.69	60.64	60.64	60.64
FII	7.48	7.81	7.03	7.16	7.65	7.91	8.43	8.39	8.24	7.4
DII	7.01	6.91	7.1	7.3	7.1	7.49	7.32	7.6	8.13	8.92
Public	24.76	24.54	25.09	24.75	24.56	23.91	23.57	23.37	22.99	23.04
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	96.76	96.76	96.81	96.83	96.83	96.83	96.82	96.82	96.82	96.82
FII	11.91	12.44	11.2	11.41	12.21	12.63	13.45	13.39	13.16	11.81
DII	11.17	11	11.31	11.62	11.33	11.94	11.68	12.13	12.98	14.24
Public	39.45	39.08	39.96	39.42	39.19	38.15	37.6	37.32	36.71	36.79
Others	0	0	0	0	0	0	0	0	0	0
Total	159.28	159.28	159.28	159.28	159.55	159.55	159.55	159.67	159.67	159.67

Pros

Company has delivered good profit growth of 23% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27%

Cons

Stock is trading at 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.