Bajaj Holdings & Investment Ltd

₹ 10,747 -5.16%

20 Dec - 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 ₹ 1,19,601 Cr.
Current Price ₹ 10,747
High / Low ₹ 11,546 / 7,620
Stock P/E 16.2
Book Value ₹ 5,375
Dividend Yield 1.22 %
ROCE 13.1 %
ROE 14.8 %
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 19.0% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 26.6%
Company's working capital requirements have reduced from 114 days to 10.7 days

Cons

Tax rate seems low
Company has a low return on equity of 12.2% over last 3 years.
Earnings include an other income of Rs.6,055 Cr.

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

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Detailed Comparison with:

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
	147	96	89	91	188	98	87	104	225	108	1,212	134	279
	25	31	33	37	37	37	32	36	33	36	35	61	46
Operating Profit	122	64	57	54	151	62	55	68	192	72	1,177	73	233
OPM %	83%	67%	64%	60%	81%	63%	63%	66%	85%	67%	97%	54%	83%
	1,131	1,004	1,074	938	1,214	1,252	1,326	1,375	1,479	1,602	1,563	1,554	1,335
Interest	1	1	1	1	1	1	5	1	1	1	1	0	0
Depreciation	8	8	8	8	8	8	8	8	8	8	8	8	8
Profit before tax	1,244	1,059	1,122	984	1,356	1,305	1,368	1,434	1,662	1,665	2,731	1,618	1,559
Tax %	4%	2%	1%	1%	1%	1%	1%	1%	4%	1%	1%	0%	3%
	1,198	1,042	1,106	970	1,336	1,287	1,353	1,416	1,588	1,645	2,716	1,615	1,510
EPS in Rs	101.67	93.46	99.32	87.10	111.67	115.52	121.55	127.19	133.98	147.76	244.05	144.70	129.06
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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
	337	423	524	470	842	420	431	435	457	484	522	1,702	1,733
	15	23	40	42	215	65	85	134	106	117	142	140	178
Operating Profit	322	400	484	429	628	355	347	301	352	367	380	1,562	1,554
OPM %	95%	94%	92%	91%	75%	85%	80%	69%	77%	76%	73%	92%	90%
	3	5	35	7	8	2,390	2,827	3,058	3,451	3,896	4,673	5,967	6,055
Interest	0	0	0	0	0	0	0	13	4	3	7	2	2
Depreciation	2	5	6	5	5	5	4	33	34	34	34	34	34
Profit before tax	322	400	513	430	630	2,739	3,170	3,314	3,766	4,226	5,012	7,493	7,574
Tax %	21%	20%	19%	21%	21%	3%	4%	7%	3%	2%	1%	2%
	1,856	1,988	2,029	2,265	2,473	2,655	3,048	3,080	3,654	4,126	4,946	7,365	7,486
EPS in Rs	166.80	178.59	182.33	203.54	222.22	238.54	273.90	268.84	327.95	364.41	435.83	652.98	665.57
Dividend Payout %	15%	17%	19%	16%	15%	17%	12%	15%	12%	32%	28%	20%

Compounded Sales Growth
10 Years:	15%
5 Years:	32%
3 Years:	55%
TTM:	237%

Compounded Profit Growth
10 Years:	14%
5 Years:	19%
3 Years:	26%
TTM:	34%

Stock Price CAGR
10 Years:	23%
5 Years:	26%
3 Years:	28%
1 Year:	37%

Return on Equity
10 Years:	12%
5 Years:	12%
3 Years:	12%
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	111	111	111	111	111	111	111	111	111	111	111	111	111
Reserves	10,234	11,888	13,282	15,182	17,707	25,090	26,841	27,652	37,056	42,731	44,071	54,136	59,712
	0	0	0	0	0	0	0	168	136	114	93	63	47
	430	449	500	178	71	68	56	4,797	8,186	10,632	8,913	10,851	12,662
Total Liabilities	10,775	12,448	13,893	15,472	17,889	25,269	27,008	32,729	45,490	53,588	53,188	65,161	72,533
	532	532	544	544	222	215	193	374	342	310	278	244	227
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	9,577	11,325	13,078	13,276	17,364	24,575	26,257	32,068	44,914	52,964	52,555	64,715	71,252
	666	592	271	1,651	302	478	558	287	234	314	355	203	1,054
Total Assets	10,775	12,448	13,893	15,472	17,889	25,269	27,008	32,729	45,490	53,588	53,188	65,161	72,533

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
	473	872	796	1,147	-923	1,631	628	1,920	272	1,610	1,728	1,941
	-369	-519	-464	1,019	-372	-1,123	-163	-800	-308	-151	-137	-472
	-332	-326	-391	-761	-110	-434	-536	-1,028	-37	-1,460	-1,587	-1,455
Net Cash Flow	-228	27	-59	1,406	-1,406	74	-72	92	-73	-1	4	14

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	1	0	0	0	0	0	0	4	5	8	5	0
Inventory Days
Days Payable
Cash Conversion Cycle	1	0	0	0	0	0	0	4	5	8	5	0
Working Capital Days	-427	-323	-278	-48	31	120	299	78	67	160	172	11
ROCE %	3%	4%	4%	3%	4%	13%	12%	11%	10%	9%	10%	13%

Shareholding Pattern

Numbers in percentages

1 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	50.48%	51.09%	51.20%	51.20%	51.36%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%
	13.02%	12.06%	11.80%	12.04%	12.27%	12.34%	12.39%	11.65%	11.57%	11.53%	11.21%	10.89%
	4.73%	5.17%	5.28%	5.32%	4.95%	4.97%	5.04%	5.88%	5.95%	6.09%	6.42%	6.80%
	31.77%	31.68%	31.72%	31.43%	31.41%	31.22%	31.11%	31.01%	31.01%	30.90%	30.92%	30.82%
No. of Shareholders	64,331	62,749	68,185	65,286	73,437	66,687	63,633	60,734	61,275	60,774	65,300	65,695

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 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%	10.89%
	6.02%	5.11%	2.13%	2.42%	3.67%	5.17%	4.97%	6.09%	6.80%
	34.73%	34.60%	34.41%	32.01%	31.99%	31.68%	31.22%	30.90%	30.82%
No. of Shareholders	45,943	46,647	43,588	51,337	59,483	62,749	66,687	60,774	65,695

* 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