Bajaj Finance Ltd

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

Bajaj Finance Ltd

₹ 6,595 0.42%
19 Nov - close price
bajajfinserv.in/finance BSE: 500034 NSE: BAJFINANCE
About

Bajaj Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers variety of financial services products to its customers.(Source : 202003 Annual Report Page No:124)

Key Points

Amongst Largest NBFCs in India [1]
Bajaj Finance (BFL) started its journey in the year 1987 as a vehicle financing company and now is one of the largest and most diversified NBFCs in India.

Website BSE NSE
  • Market Cap ₹ 4,08,247 Cr.
  • Current Price ₹ 6,595
  • High / Low ₹ 7,830 / 6,188
  • Stock P/E 30.0
  • Book Value ₹ 1,280
  • Dividend Yield 0.55 %
  • ROCE 12.3 %
  • ROE 20.5 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 26.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.1%
  • Company's median sales growth is 31.5% of last 10 years

Cons

  • Stock is trading at 5.15 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 500 Multicap 50:25:25 Nifty 500 Nifty Total Market BSE 500 BSE 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
Revenue 6,808 7,527 7,616 8,147 8,603 9,214 9,717 10,665 11,408 12,103 12,760 13,723 14,487
Interest 1,889 1,972 1,954 2,006 2,210 2,455 2,614 3,013 3,351 3,618 3,861 4,202 4,544
3,064 2,859 2,510 2,863 2,951 3,111 3,153 3,505 3,723 4,033 4,158 4,736 5,105
Financing Profit 1,855 2,696 3,153 3,277 3,442 3,647 3,950 4,147 4,334 4,451 4,741 4,786 4,838
Financing Margin % 27% 36% 41% 40% 40% 40% 41% 39% 38% 37% 37% 35% 33%
1 2 3 2 4 1 2 1 2 2 4 3 2,548
Depreciation 88 89 96 102 111 108 123 143 145 162 179 186 196
Profit before tax 1,768 2,610 3,059 3,176 3,335 3,540 3,830 4,005 4,191 4,291 4,566 4,602 7,191
Tax % 26% 26% 26% 26% 26% 26% 26% 26% 26% 26% 26% 26% 22%
1,306 1,934 2,268 2,356 2,472 2,624 2,837 2,959 3,106 3,177 3,402 3,402 5,614
EPS in Rs 21.63 32.04 37.46 38.91 40.83 43.34 46.87 48.84 51.26 51.41 54.96 54.95 90.69
Gross NPA % 2.45% 2.02% 1.59% 1.49% 1.45% 1.19% 1.09% 1.14% 1.18% 1.05% 1.06% 1.33%
Net NPA % 1.10% 0.85% 0.64% 0.56% 0.52% 0.43% 0.39% 0.39% 0.46% 0.46% 0.47% 0.58%
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
Revenue 3,092 4,042 5,392 7,298 9,966 12,639 17,386 23,823 23,537 27,872 35,684 46,939 53,074
Interest 1,221 1,592 2,274 2,959 3,853 4,649 6,037 7,990 7,550 7,678 9,424 14,003 16,225
998 1,362 1,752 2,353 3,248 4,067 5,189 8,763 10,325 11,236 11,928 15,249 18,033
Financing Profit 874 1,088 1,367 1,986 2,866 3,923 6,159 7,070 5,662 8,959 14,333 17,687 18,816
Financing Margin % 28% 27% 25% 27% 29% 31% 35% 30% 24% 32% 40% 38% 35%
17 32 26 35 23 10 13 9 3 -17 -7 -5 2,557
Depreciation 20 29 36 56 71 102 137 271 302 355 444 629 722
Profit before tax 872 1,091 1,357 1,965 2,818 3,831 6,035 6,808 5,363 8,586 13,882 17,053 20,651
Tax % 32% 34% 34% 35% 35% 35% 36% 28% 26% 26% 26% 26%
591 719 898 1,279 1,837 2,485 3,890 4,881 3,956 6,350 10,290 12,644 15,595
EPS in Rs 11.87 14.34 17.90 23.74 33.40 42.99 67.31 81.12 65.64 104.89 169.96 204.27 252.01
Dividend Payout % 13% 11% 10% 10% 11% 9% 9% 12% 15% 19% 18% 18%
Compounded Sales Growth
10 Years: 28%
5 Years: 22%
3 Years: 26%
TTM: 29%
Compounded Profit Growth
10 Years: 33%
5 Years: 27%
3 Years: 47%
TTM: 18%
Stock Price CAGR
10 Years: 36%
5 Years: 10%
3 Years: -4%
1 Year: -7%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 20%
Last Year: 21%

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 50 50 50 54 109 115 115 120 120 121 121 124 124
Reserves 3,302 3,941 4,750 7,271 9,491 15,702 19,448 31,693 35,818 41,935 51,372 71,590 79,086
13,133 19,750 26,655 37,025 49,250 63,629 86,352 104,206 99,854 123,040 161,685 220,379 244,708
1,321 878 1,325 2,624 4,880 2,169 2,585 1,984 2,491 2,921 3,347 4,522 5,494
Total Liabilities 17,806 24,618 32,780 46,973 63,730 81,615 108,500 138,004 138,284 168,017 216,525 296,614 329,411
176 220 249 287 361 465 654 1,228 1,227 1,598 2,147 3,060 3,232
CWIP 0 0 0 0 0 0 0 0 51 33 80 43 29
Investments 5 28 332 1,034 4,075 3,653 10,370 20,139 20,169 16,372 28,738 37,153 39,374
17,625 24,370 32,198 45,652 59,295 77,497 97,475 116,636 116,836 150,014 185,560 256,359 286,776
Total Assets 17,806 24,618 32,780 46,973 63,730 81,615 108,500 138,004 138,284 168,017 216,525 296,614 329,411

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
-3,251 -6,087 -7,147 -9,871 -10,440 -17,191 -15,694 -14,110 4,386 -23,856 -27,302 -54,338
-56 -96 -365 -686 -3,048 505 -6,638 -9,633 424 3,806 -12,400 -7,763
3,664 6,543 6,953 11,656 12,516 16,589 22,344 24,177 -4,113 21,550 38,021 64,774
Net Cash Flow 357 360 -559 1,099 -972 -97 13 435 697 1,501 -1,682 2,674

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
ROE % 22% 20% 20% 21% 22% 20% 22% 19% 12% 16% 22% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.03% 55.86% 55.86% 55.86% 55.91% 55.91% 55.87% 55.87% 54.78% 54.69% 54.70% 54.70%
22.85% 21.41% 19.98% 20.49% 19.87% 19.16% 20.09% 20.41% 20.92% 20.55% 21.08% 20.81%
10.11% 11.22% 12.03% 12.09% 12.37% 12.92% 12.83% 13.05% 14.01% 14.33% 14.23% 15.01%
0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.09% 0.09%
10.91% 11.15% 11.84% 11.26% 11.60% 11.75% 10.99% 10.50% 10.17% 10.19% 9.83% 9.36%
0.10% 0.36% 0.29% 0.22% 0.18% 0.17% 0.13% 0.10% 0.05% 0.16% 0.08% 0.05%
No. of Shareholders 6,36,9317,18,6388,68,2717,67,7228,16,2928,90,7067,84,8837,26,5837,45,0407,99,1998,05,2417,81,913

* 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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