Bajaj Finserv Ltd

Bajaj Finserv Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bajaj Finserv Ltd

₹ 1,569 -1.70%
21 Nov - close price
bajajfinserv.in BSE: 532978 NSE: BAJAJFINSV
About

Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.[1]

Key Points

Revenue Split
Life Insurance: 25% in FY22 vs 55% in FY18
General Insurance: 28% in FY22 vs 0% in FY18
Retail Financing: 45% in FY22 vs 43% in FY18
Investment:1% in FY22 vs 2% in FY18. [1] [2] [3]

Website BSE NSE
  • Market Cap ₹ 2,50,776 Cr.
  • Current Price ₹ 1,569
  • High / Low ₹ 2,030 / 1,419
  • Stock P/E 29.5
  • Book Value ₹ 428
  • Dividend Yield 0.06 %
  • ROCE 11.7 %
  • ROE 15.3 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 20.4% CAGR over last 5 years
  • Company's median sales growth is 27.6% of last 10 years

Cons

  • Stock is trading at 3.66 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

Part of Nifty 50 Equal Weight Nifty 100 Low Volatility 30 BSE Diversified Financials Revenue Growth Index (I BSE 100 LargeCap TMC Index Nifty LargeMidcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
18,008 17,587 18,862 15,888 20,803 21,755 23,625 23,280 26,023 29,038 32,041 31,480 33,704
12,696 11,783 12,769 9,573 13,416 13,924 15,470 13,935 16,073 18,601 21,108 19,655 21,420
Operating Profit 5,312 5,804 6,093 6,315 7,387 7,831 8,154 9,345 9,950 10,438 10,933 11,825 12,283
OPM % 30% 33% 32% 40% 36% 36% 35% 40% 38% 36% 34% 38% 36%
0 33 0 0 0 0 2 3 0 2 4 3 3
Interest 2,382 2,445 2,481 2,564 2,961 3,241 3,436 4,020 4,449 4,777 5,154 5,592 6,046
Depreciation 138 143 149 157 168 172 181 202 209 232 257 267 275
Profit before tax 2,792 3,249 3,462 3,594 4,258 4,419 4,540 5,125 5,292 5,431 5,527 5,968 5,966
Tax % 28% 28% 27% 28% 30% 25% 27% 28% 29% 26% 26% 29% 30%
1,998 2,349 2,534 2,578 2,997 3,300 3,335 3,709 3,756 4,045 4,085 4,209 4,180
EPS in Rs 7.05 7.89 8.46 8.23 9.77 11.19 11.11 12.20 12.09 13.52 13.28 13.39 13.07
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
8,055 6,023 11,335 20,533 24,507 32,862 42,605 54,351 60,592 68,406 82,072 110,382 126,263
4,124 1,531 5,823 13,795 15,794 22,074 27,569 36,094 40,950 46,951 52,204 69,497 80,784
Operating Profit 3,931 4,491 5,511 6,739 8,713 10,788 15,037 18,258 19,641 21,455 29,868 40,886 45,479
OPM % 49% 75% 49% 33% 36% 33% 35% 34% 32% 31% 36% 37% 36%
2 3 8 0 0 1 2 0 -7 8 1 -4 12
Interest 1,204 1,562 2,230 2,877 3,716 4,531 6,657 9,500 9,274 9,629 12,380 18,607 21,568
Depreciation 22 31 38 58 73 160 226 457 498 563 678 900 1,031
Profit before tax 2,708 2,902 3,251 3,804 4,925 6,099 8,155 8,302 9,862 11,271 16,811 21,375 22,892
Tax % 18% 24% 26% 27% 30% 32% 34% 28% 25% 26% 27% 27%
2,214 2,191 2,409 2,775 3,450 4,176 5,374 5,994 7,367 8,314 12,210 15,595 16,520
EPS in Rs 9.89 9.71 10.62 11.71 14.21 16.65 20.23 21.17 28.09 28.63 40.29 51.07 53.26
Dividend Payout % 2% 2% 2% 1% 1% 1% 1% 2% 1% 1% 2% 2%
Compounded Sales Growth
10 Years: 34%
5 Years: 21%
3 Years: 22%
TTM: 33%
Compounded Profit Growth
10 Years: 18%
5 Years: 20%
3 Years: 22%
TTM: 15%
Stock Price CAGR
10 Years: 31%
5 Years: 12%
3 Years: -3%
1 Year: -3%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 14%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 80 80 80 80 80 80 80 80 80 80 159 159 160
Reserves 7,722 9,232 11,009 13,519 16,071 20,403 23,660 31,222 35,750 40,167 46,248 60,169 68,165
12,991 19,507 26,312 36,062 48,282 65,695 99,754 127,212 128,461 161,179 212,265 288,933 318,675
44,578 45,565 50,827 54,290 64,181 75,337 84,934 92,791 115,554 131,987 146,729 188,154 214,195
Total Liabilities 65,370 74,383 88,228 103,951 128,614 161,514 208,428 251,304 279,845 333,413 405,401 537,415 601,195
1,208 1,262 1,261 1,274 1,645 1,792 2,097 3,216 3,182 3,586 4,336 5,455 6,048
CWIP 2 1 3 11 4 28 66 45 129 113 191 220 105
Investments 43,251 45,314 51,367 53,698 62,658 69,428 81,679 91,821 113,654 119,222 136,176 168,385 185,250
20,910 27,805 35,598 48,969 64,306 90,266 124,587 156,223 162,879 210,493 264,698 363,355 409,792
Total Assets 65,370 74,383 88,228 103,951 128,614 161,514 208,428 251,304 279,845 333,413 405,401 537,415 601,195

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-6,922 -9,807 -10,731 -9,795 -10,922 -19,580 -27,076 -23,369 4,547 -33,670 -39,480 -68,674
2,953 3,764 3,709 -886 151 -922 -6,903 -9,948 -3,684 1,445 -13,945 -10,960
4,592 6,521 6,839 11,602 12,513 19,590 34,535 34,479 1,687 32,326 51,016 82,709
Net Cash Flow 623 478 -183 921 1,742 -911 555 1,162 2,551 101 -2,409 3,075

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 16 22 17 12 19 19 19 18 17 16 15 20
Inventory Days
Days Payable
Cash Conversion Cycle 16 22 17 12 19 19 19 18 17 16 15 20
Working Capital Days -1,204 -1,338 -603 -243 -169 -675 -537 -417 -490 -493 -444 -400
ROCE % 19% 16% 15% 14% 14% 13% 13% 11% 10% 10% 11% 12%

Shareholding Pattern

Numbers in percentages

16 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.80% 60.77% 60.80% 60.75% 60.75% 60.78% 60.79% 60.69% 60.69% 60.69% 60.64% 60.64%
8.78% 8.50% 7.38% 7.48% 7.81% 7.03% 7.17% 7.66% 7.91% 8.42% 8.39% 8.24%
6.75% 6.97% 7.70% 7.01% 6.91% 7.10% 7.30% 7.09% 7.48% 7.33% 7.60% 8.13%
23.55% 23.65% 24.03% 24.60% 24.39% 24.95% 24.66% 24.31% 23.70% 23.38% 23.18% 22.84%
0.12% 0.11% 0.09% 0.16% 0.14% 0.13% 0.10% 0.25% 0.21% 0.18% 0.19% 0.14%
No. of Shareholders 2,27,9732,43,8532,99,3805,63,4326,31,4367,36,5966,91,2346,60,2955,85,2205,67,0417,08,4328,07,360

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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