Bajaj Finance

Bajaj Finance Ltd.

NSE: BAJFINANCE  SECTOR: Finance - NBFC

4691.7
+81.7 (1.77%)

Price Summary

Today's High

₹ 4720

Today's Low

₹ 4505

52 Week High

₹ 5921.75

52 Week Low

₹ 1783.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

₹ 282715.90183863 Cr.

Advances

₹ 113417.08 Cr.

No. of Shares

60.2587339 Cr.

P/E

76.7

P/B

8.16

Face Value

₹ 2

Div. Yield

0.21%

Book Value (TTM)

₹  574.8212

Operating Revenue

₹ 23822.53 Cr.

Net Profit

₹ 4881.12 Cr.

Promoter Holding

56.12%

EPS (TTM)

₹  61.1734

Sales Growth

37.0211813859641 %

ROE

19.1319610346291 %

ROCE

12.2335673498406 %

Profit Growth

25.4676969108098 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Income Growth (in Cr.)

1 Year37.02%
3 Year33.72%
5 Year34.65%

Profit Growth (in Cr.)

1 Year25.47%
3 Year38.52%
5 Year40.3%

ROE%

1 Year19.13%
3 Year20.29%
5 Year20.73%

ROCE %

1 Year12.23%
3 Year12.51%
5 Year12.68%

ROA%

3.98466907487908

PEG Ratio

3.72

PAT Margin (%)

20.4895113995029

EPS Growth(%)

20.6368223531348

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 56.12 0
Dec 2020 56.12 0
Sep 2020 56.12 0
Jun 2020 56.2 0
Mar 2020 56.2 0
* Figures given above are % of equity capital

 Strengths

  • Company has maintained a good ROA of 3.82374752310876% in last 3 years.
  • Company has a healthy Return on Equity (ROE) track record of 20.2911877529471%.
  • Operating Income has grown well for the company over past 3 years: 3 years CAGR 33.7204095786646%.
  • The company has delivered substantial profit growth of 38.5177970638835% over past 3 years.
  • The company boasts a well-maintained advances growth ratio of 52.4225051963574%.
  • Promoters shareholding is 56.12%.

 Limitations

  • Provision and contingencies have increased by 144.881282305396%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Operating Revenue 6303.56 6511.09 5900.63 5783.17 5845.41
Other Income 14.94 4.07 1.1 6.65 2.26
Interest Expended 2051.64 2056.34 1984.77 1868.11 1870.24
Operating Expenses 2197.89 3173.29 2656.01 2669.06 2482.41
Total Provisions 0 0 0 0 0
Depreciation 69.72 80.72 76.98 67.11 73.25
Profit Before Tax 1999.25 1204.81 1183.97 1185.54 1421.77
Tax 511.1 313.24 314.47 308.96 373.19
Net Profit 1488.15 891.57 869.5 876.58 1048.58

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Operating Income 7293.54 9963.02 12652.84 17386.02 23822.53
Other Income 39.84 25.95 12.28 13.25 11.62
Interest 2958.78 3852.63 4648.98 6037.3 7990.48
Operating Expenses 1685.16 2463.58 2949.91 3641.58 4909.07
Total Provisions 724.87 855.24 1235.01 1685.09 4126.47
Exceptional Items 0 0 0 0 0
Profit Before Tax 1964.57 2817.52 3831.22 6035.3 6808.13
Tax 686.05 980.97 1346.71 2144.96 1927.01
Profit After Tax 1278.52 1836.55 2484.51 3890.34 4881.12
Adjusted EPS (Rs.) 23.88 33.58 43.2 67.44 81.36

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 53.55 109.37 115.03 115.37 119.99
Total Reserves 7373.09 9490.94 15702.18 19448.26 31693.22
Borrowings 25286.97 33115.96 55973.17 77029.4 98771.55
Other N/C liabilities 2204.13 3150.4 -667.49 -523.09 -659.1
Current liabilities 14260.84 21032.91 9729.56 11769.1 7230.3
Total Liabilities 49178.58 66899.58 80852.45 107839.04 137155.96
Assets
Loans 24778.55 32028.1 75532.88 95181.26 113417.08
Net Block 287 361.13 464.66 654.33 1228.14
Capital WIP 0 0 0 0 0
Investments 485.15 1090.3 2553.43 5060.63 8076.41
Other Loans 1893.62 2008.84 86.99 184.72 276.68
Other N/C Assets 0 0 31.59 19.64 27.27
Current Assets 21734.26 31411.21 2182.9 6738.46 14130.38
Total Assets 49178.58 66899.58 80852.45 107839.04 137155.96
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Company News

Bajaj Finance Stock Price Analysis and Quick Research Report. Is Bajaj Finance an attractive stock to invest in?

 

Around 2% of India's total population invests in financial assets. The penetration of the mutual fund industry in India is close to 7% (Based on the number of PAN cardholders). This under penetration of the mutual fund industry offers a huge opportunity for the industry to grow.

Migration to financial savings, wider distribution and sustainable performance are expected to enable growth in the industry.

Also, increasing financial literacy among investors, digitization and the number of mediums available tend to attract more investors to invest in the financial markets.

To understand the functions of the Bajaj Finance better, you must go through the following points:

Key Financials –

  • Profitability: Profit margin (PAT margin) of the company shows how well a company controls its cost. It is one of the important indicators to show the financial health of the company. Net profit of the company is Rs 4881.12 Cr and the compounded growth of profit in the past 3 years is 38.5177970638835 %. The PAT margin of Bajaj Finance is 20.4895113995029 %.

  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Bajaj Finance , the EPS grew by 20.6368223531348 % YOY. 

 Financial Ratios –

  •  Return on Equity (ROE): The Company has a average ROE track record. The ROE of Bajaj Finance is at 19.1319610346291 % for the latest year.

  • P/E Ratio: Relative valuation metrics like the P/E ratio can be used to see if the stock of Bajaj Finance is worth at the current levels at Rs 4691.7. The stock is trading at a current P/E ratio of 27.2379877775975 and the average historical P/E for the last 5 years was 30.18411437058.

  • P/B ratio can be one of the best metrics to value such companies. Currently, Bajaj Finance is trading at a P/B of 8.16201629306643 . The average historical P/B for the last 5 years was 6.28243905983391. This can be compared with the Market price per share in order to know if the stock is undervalued or overvalued.

Brief about Bajaj Finance

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