Bajaj Finserv Ltd

Bajaj Finserv is primarily engaged in the business of promoting financial services such as finance, insurance, wealth management, etc. through its investments in subsidiaries and joint ventures. The Company is also engaged in the business of generating power through wind turbines, a renewable source of energy.

Pros:
Company is expected to give good quarter
Promoter's stake has increased
Cons:
Stock is trading at 4.95 times its book value

Peer Comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
5,920 6,317 7,040 7,536 8,266 8,005 9,055 8,771 9,698 11,141 12,994 12,272
3,727 3,960 4,889 5,193 5,537 5,091 6,253 5,404 6,296 7,076 8,911 7,866
Operating Profit 2,193 2,357 2,151 2,342 2,729 2,914 2,802 3,367 3,402 4,065 4,084 4,406
OPM % 37% 37% 31% 31% 33% 36% 31% 38% 35% 36% 31% 36%
Other Income 0 0 0 0 0 0 1 1 0 1 1 1
Interest 942 961 960 1,050 1,109 1,163 1,209 1,334 1,540 1,782 1,884 2,054
Depreciation 18 18 20 33 37 42 48 43 52 60 71 97
Profit before tax 1,233 1,378 1,171 1,259 1,584 1,710 1,546 1,990 1,810 2,224 2,130 2,255
Tax % 30% 31% 30% 29% 32% 32% 32% 33% 34% 36% 33% 36%
Net Profit 576 614 535 585 698 730 637 826 704 851 839 845
EPS in Rs 36.20 38.60 33.60 36.70 43.90 45.90 40.00 51.90 44.20 53.40 52.70 53.10
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
355 378 982 2,415 2,715 8,055 6,023 11,335 20,533 24,507 32,862 42,605 46,105
314 215 171 615 920 4,124 1,531 5,819 13,795 15,794 22,074 27,686 30,148
Operating Profit 41 163 811 1,800 1,794 3,931 4,491 5,516 6,739 8,713 10,788 14,919 15,957
OPM % 12% 43% 83% 75% 66% 49% 75% 49% 33% 36% 33% 35% 35%
Other Income 10 7 3 168 1,190 2 3 3 0 0 1 2 3
Interest 0 0 0 301 744 1,204 1,562 2,230 2,877 3,716 4,531 6,540 7,260
Depreciation 30 30 22 19 14 22 31 38 58 73 160 226 281
Profit before tax 22 140 792 1,649 2,226 2,708 2,902 3,251 3,804 4,925 6,099 8,155 8,420
Tax % 378% 55% 12% 11% 15% 18% 24% 26% 27% 30% 32% 34%
Net Profit -33 71 559 1,115 1,338 1,574 1,544 1,690 1,863 2,262 2,650 3,219 3,239
EPS in Rs 4.68 37.81 75.71 90.84 98.90 97.05 106.20 117.08 142.13 166.54 202.28 203.40
Dividend Payout % -44% 20% 3% 2% 2% 2% 2% 2% 1% 1% 1% 1%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:60.39%
5 Years:47.89%
3 Years:27.55%
TTM:35.22%
Compounded Profit Growth
10 Years:46.37%
5 Years:15.82%
3 Years:19.99%
TTM:12.00%
Return on Equity
10 Years:17.27%
5 Years:15.13%
3 Years:14.82%
Last Year:14.55%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
72 72 72 72 72 80 80 80 80 80 80 80
Reserves 2,338 2,518 2,553 3,652 5,027 7,724 9,232 10,885 13,312 15,736 20,403 23,686
Borrowings 1,384 2,111 311 6,693 10,201 12,991 19,507 26,312 36,062 48,282 65,695 99,754
14,396 17,850 36,448 43,608 44,162 44,585 45,576 50,964 54,510 64,525 75,526 85,202
Total Liabilities 18,190 22,552 39,384 54,026 59,462 65,379 74,394 88,241 103,963 128,623 161,703 208,722
11,219 14,314 28,782 580 818 1,208 1,262 1,261 1,274 1,645 1,792 2,097
CWIP 60 119 55 14 18 2 1 3 11 4 28 66
Investments 5,698 6,595 8,940 43,127 43,506 43,251 45,314 51,367 53,698 62,658 69,428 81,679
1,213 1,523 1,608 10,304 15,121 20,918 27,816 35,611 48,981 64,316 90,455 124,881
Total Assets 18,190 22,552 39,384 54,026 59,462 65,379 74,394 88,241 103,963 128,623 161,703 208,722

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
6,964 6,621 239 -3,849 -6,922 -9,807 -10,731 -9,795 -10,922 -19,580 -27,102
-7,052 -6,843 -3,011 -887 2,953 3,764 3,709 -886 151 -922 -6,878
-15 2 3,289 3,803 4,592 6,521 6,839 11,602 12,513 19,590 34,535
Net Cash Flow -103 -221 518 -933 623 478 -183 921 1,742 -911 555

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 3% 21% 27% 23% 22% 18% 17% 15% 15% 14% 14%
Debtor Days 0 3 0 27 36 16 22 17 12 19 19 19
Inventory Turnover