Bajaj Holdings & Investment Ltd

₹ 12,208 -1.98%

21 Feb - close price

About

Bajaj Holdings & Investment Ltd. operates as an Investment Company and is registered as a Non-Banking Financial Institution – Investment and Credit Company with the Reserve Bank of India. The Co. holds more than 36% stake in both Bajaj Auto Ltd. and Bajaj Finserv Ltd. ^[1]

Key Points

History
The Co. was demerged from erstwhile Bajaj Auto Ltd. whereby its manufacturing undertaking has been transferred to the Bajaj Auto Limited (BAL) and its strategic operation involving the wind farm business and financial services business has been transferred to Bajaj Finserv Limited (BFS). All businesses and all properties, assets, investments and liabilities of the former Bajaj auto Ltd, with the exception of the manufacturing and strategic business undertaking, now remain with BHIL. ^[1]

Website BSE NSE

Market Cap ₹ 1,35,861 Cr.
Current Price ₹ 12,208
High / Low ₹ 13,238 / 7,660
Stock P/E 56.5
Book Value ₹ 1,839
Dividend Yield 1.07 %
ROCE 17.4 %
ROE 16.8 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 29.7% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 69.6%

Cons

Stock is trading at 6.64 times its book value
Tax rate seems low
Company has a low return on equity of 13.1% over last 3 years.

* 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 BSE 100 LargeCap TMC Index BSE 250 LargeMidCap Index Nifty LargeMidcap 250 BSE SENSEX Next 50 Nifty 500 Multicap 50:25:25 Nifty Total Market BSE 100 Nifty 100 Equal Weight BSE Financial Services BSE 200 BSE Dividend Stability Index BSE Dollex 200 Nifty100 ESG BSE 500 BSE Allcap Nifty Next 50 Nifty 200 BSE LargeCap Nifty 100 BSE Diversified Financials Revenue Growth Index (I Nifty 500

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	85	79	84	1,624	91	77	98	1,664	101	1,249	126	1,129	120
	25	25	32	30	33	24	32	28	31	31	41	44	29
Operating Profit	59	54	52	1,593	58	53	67	1,636	70	1,218	84	1,085	91
OPM %	70%	68%	62%	98%	64%	68%	68%	98%	70%	98%	67%	96%	76%
	14	16	13	13	16	19	15	15	24	10	14	14	31
Interest	1	1	1	1	1	5	1	1	1	1	0	0	0
Depreciation	8	8	8	8	8	8	8	8	8	8	8	8	8
Profit before tax	65	61	56	1,598	66	59	73	1,643	86	1,219	90	1,090	114
Tax %	25%	24%	23%	2%	25%	24%	25%	4%	23%	1%	26%	4%	26%
	49	46	43	1,574	49	45	55	1,571	66	1,204	66	1,051	84
EPS in Rs	4.41	4.14	3.88	141.43	4.42	4.06	4.97	141.18	5.89	108.22	5.93	94.45	7.55
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	744	836	1,003	1,395	883	949	998	2,206	426	1,831	1,936	3,176	2,623
	13	21	37	37	211	64	85	114	86	97	119	121	145
Operating Profit	731	815	966	1,357	673	885	914	2,092	340	1,734	1,817	3,055	2,479
OPM %	98%	97%	96%	97%	76%	93%	92%	95%	80%	95%	94%	96%	94%
	1	3	4	7	5	5	0	0	6	2	1	0	68
Interest	0	0	0	0	0	0	0	13	4	3	7	2	2
Depreciation	2	5	5	5	5	5	4	32	32	32	32	32	32
Profit before tax	730	814	964	1,359	672	884	910	2,048	310	1,701	1,779	3,021	2,513
Tax %	9%	10%	10%	6%	20%	10%	13%	11%	36%	4%	4%	4%
	663	733	868	1,271	538	800	788	1,827	199	1,631	1,712	2,896	2,405
EPS in Rs	59.60	65.89	77.97	114.16	48.36	71.88	70.82	164.15	17.84	146.51	153.79	260.25	216.15
Dividend Payout %	42%	46%	42%	28%	67%	56%	46%	24%	224%	78%	80%	50%

Compounded Sales Growth
10 Years:	14%
5 Years:	26%
3 Years:	95%
TTM:	35%

Compounded Profit Growth
10 Years:	15%
5 Years:	30%
3 Years:	144%
TTM:	38%

Stock Price CAGR
10 Years:	24%
5 Years:	27%
3 Years:	33%
1 Year:	39%

Return on Equity
10 Years:	11%
5 Years:	12%
3 Years:	13%
Last Year:	17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	111	111	111	111	111	111	111	111	111	111	111	111	111
Reserves	5,075	5,418	5,852	6,687	7,225	10,110	10,878	10,581	13,905	15,277	15,554	18,724	20,359
	0	0	0	0	0	0	0	168	136	114	93	63	47
	422	442	494	172	66	68	56	66	350	567	563	804	1,870
Total Liabilities	5,609	5,972	6,457	6,970	7,402	10,289	11,046	10,926	14,503	16,069	16,321	19,701	22,387
	25	25	25	24	220	215	193	359	328	297	265	234	218
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	4,932	5,366	6,173	5,308	6,894	9,597	10,295	10,335	14,020	15,492	15,724	19,289	21,195
	651	581	259	1,637	288	478	557	232	156	280	331	179	975
Total Assets	5,609	5,972	6,457	6,970	7,402	10,289	11,046	10,926	14,503	16,069	16,321	19,701	22,387

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	459	868	776	1,143	-913	1,629	627	1,849	225	1,581	1,669	1,875
	-349	-515	-445	1,022	-383	-1,123	-163	-844	-188	-106	-133	-460
	-323	-326	-391	-759	-110	-432	-536	-988	-35	-1,475	-1,532	-1,402
Net Cash Flow	-213	27	-59	1,406	-1,406	74	-72	17	2	-0	4	13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	0	0	0	0	0	0	0	0	0	0	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	0	0	0	0	0	0	0	0	0	0	0	0
Working Capital Days	-194	-164	-146	-16	30	60	129	15	64	39	45	5
ROCE %	15%	15%	17%	21%	10%	10%	9%	19%	3%	11%	11%	17%

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	51.09%	51.20%	51.20%	51.36%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%
	12.06%	11.80%	12.04%	12.27%	12.34%	12.39%	11.65%	11.57%	11.53%	11.21%	10.89%	10.65%
	5.17%	5.28%	5.32%	4.95%	4.97%	5.04%	5.88%	5.95%	6.09%	6.42%	6.80%	7.12%
	31.68%	31.72%	31.43%	31.41%	31.22%	31.11%	31.01%	31.01%	30.90%	30.92%	30.82%	30.75%
No. of Shareholders	62,749	68,185	65,286	73,437	66,687	63,633	60,734	61,275	60,774	65,300	65,695	64,338

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	43.77%	44.32%	49.03%	49.91%	49.95%	51.09%	51.46%	51.46%	51.46%
	15.47%	15.97%	14.43%	15.66%	14.39%	12.06%	12.34%	11.53%	10.65%
	6.02%	5.11%	2.13%	2.42%	3.67%	5.17%	4.97%	6.09%	7.12%
	34.73%	34.60%	34.41%	32.01%	31.99%	31.68%	31.22%	30.90%	30.75%
No. of Shareholders	45,943	46,647	43,588	51,337	59,483	62,749	66,687	60,774	64,338

* 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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Bajaj Holdings & Investment Ltd

Bajaj Holdings & Investment Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports