Bajaj Holdings & Investment Ltd
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 30% stake in both Bajaj Auto Ltd. and Bajaj Finserv Ltd. [1]
- Market Cap ₹ 1,11,334 Cr.
- Current Price ₹ 10,004
- High / Low ₹ 10,045 / 6,628
- Stock P/E 15.3
- Book Value ₹ 4,874
- Dividend Yield 1.30 %
- ROCE 13.1 %
- ROE 14.8 %
- Face Value ₹ 10.0
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 121 days to 30.7 days
Cons
- The company has delivered a poor sales growth of 6.50% over past five years.
- 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.7,078 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
337 | 423 | 524 | 470 | 842 | 420 | 431 | 435 | 457 | 484 | 522 | 591 | |
15 | 23 | 40 | 42 | 215 | 65 | 85 | 134 | 106 | 117 | 142 | 140 | |
Operating Profit | 322 | 400 | 484 | 429 | 628 | 355 | 347 | 301 | 352 | 367 | 380 | 451 |
OPM % | 95% | 94% | 92% | 91% | 75% | 85% | 80% | 69% | 77% | 76% | 73% | 76% |
3 | 5 | 35 | 7 | 8 | 2,390 | 2,827 | 3,058 | 3,451 | 3,896 | 4,673 | 7,078 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 4 | 3 | 7 | 2 |
Depreciation | 2 | 5 | 6 | 5 | 5 | 5 | 4 | 33 | 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 |
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 | |
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 |
Dividend Payout % | 15% | 17% | 19% | 16% | 15% | 17% | 12% | 15% | 12% | 32% | 28% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 7% |
3 Years: | 9% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 19% |
3 Years: | 26% |
TTM: | 50% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 24% |
3 Years: | 36% |
1 Year: | 31% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 168 | 136 | 114 | 93 | 63 | |
430 | 449 | 500 | 178 | 71 | 68 | 56 | 4,797 | 8,186 | 10,632 | 8,913 | 10,851 | |
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 |
532 | 532 | 544 | 544 | 222 | 215 | 193 | 374 | 342 | 310 | 278 | 244 | |
CWIP | 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 |
666 | 592 | 271 | 1,651 | 302 | 478 | 558 | 287 | 234 | 314 | 355 | 203 | |
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 |
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 | 1 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 5 | 8 | 5 | 1 |
Working Capital Days | -427 | -323 | -278 | -48 | 31 | 120 | 299 | 78 | 67 | 160 | 172 | 31 |
ROCE % | 3% | 4% | 4% | 3% | 4% | 13% | 12% | 11% | 10% | 9% | 10% | 13% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jul - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Jun - Newspaper Advertisement under Regulation 30 and 47 of the SEBI Listing Regulations, 2015
- Business Responsibility and Sustainability Reporting (BRSR) 27 Jun
- Reg. 34 (1) Annual Report. 27 Jun
- Notice Of 79Th Annual General Meeting Scheduled To Be Held On Wednesday, 24 July 2024 At Hotel Hyatt Regency, Viman Nagar, Pune - 411014 27 Jun
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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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]