Bajaj Finserv Ltd
Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.[1]
- Market Cap ₹ 197,613 Cr.
- Current Price ₹ 1,241
- High / Low ₹ 1,846 / 1,073
- Stock P/E 33.0
- Book Value ₹ 267
- Dividend Yield 0.03 %
- ROCE 11.4 %
- ROE 12.0 %
- Face Value ₹ 1.00
Pros
- Company's median sales growth is 27.6% of last 10 years
Cons
- Stock is trading at 4.65 times its book value
- Company has a low return on equity of 12.5% over last 3 years.
- Dividend payout has been low at 1.61% of profits over last 3 years
* 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 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,415 | 2,715 | 8,055 | 6,023 | 11,335 | 20,533 | 24,507 | 32,862 | 42,605 | 54,351 | 60,592 | 68,406 | 77,308 | |
615 | 920 | 4,124 | 1,531 | 5,823 | 13,795 | 15,794 | 22,074 | 27,569 | 36,094 | 40,950 | 46,951 | 49,682 | |
Operating Profit | 1,800 | 1,794 | 3,931 | 4,491 | 5,511 | 6,739 | 8,713 | 10,788 | 15,037 | 18,258 | 19,641 | 21,455 | 27,626 |
OPM % | 75% | 66% | 49% | 75% | 49% | 33% | 36% | 33% | 35% | 34% | 32% | 31% | 36% |
168 | 1,190 | 2 | 3 | 8 | 0 | 0 | 1 | 2 | 0 | -7 | 8 | 0 | |
Interest | 301 | 744 | 1,204 | 1,562 | 2,230 | 2,877 | 3,716 | 4,531 | 6,657 | 9,500 | 9,274 | 9,629 | 11,247 |
Depreciation | 19 | 14 | 22 | 31 | 38 | 58 | 73 | 160 | 226 | 457 | 498 | 563 | 647 |
Profit before tax | 1,649 | 2,226 | 2,708 | 2,902 | 3,251 | 3,804 | 4,925 | 6,099 | 8,155 | 8,302 | 9,862 | 11,271 | 15,733 |
Tax % | 11% | 15% | 18% | 24% | 26% | 27% | 30% | 32% | 34% | 28% | 25% | 26% | |
Net Profit | 1,492 | 1,890 | 2,214 | 2,191 | 2,409 | 2,775 | 3,450 | 4,176 | 5,374 | 5,994 | 7,367 | 8,314 | 11,408 |
EPS in Rs | 7.00 | 8.40 | 9.89 | 9.71 | 10.62 | 11.71 | 14.21 | 16.65 | 20.23 | 21.17 | 28.09 | 28.63 | 37.65 |
Dividend Payout % | 2% | 2% | 2% | 2% | 2% | 1% | 1% | 1% | 1% | 2% | 1% | 1% |
Compounded Sales Growth | |
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10 Years: | 38% |
5 Years: | 23% |
3 Years: | 17% |
TTM: | 19% |
Compounded Profit Growth | |
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10 Years: | 13% |
5 Years: | 15% |
3 Years: | 12% |
TTM: | 43% |
Stock Price CAGR | |
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10 Years: | 32% |
5 Years: | 19% |
3 Years: | 37% |
1 Year: | -24% |
Return on Equity | |
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10 Years: | 14% |
5 Years: | 13% |
3 Years: | 13% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
72 | 72 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 159 | |
Reserves | 3,652 | 5,027 | 7,722 | 9,232 | 11,009 | 13,519 | 16,071 | 20,403 | 23,660 | 31,222 | 35,750 | 40,167 | 42,303 |
6,693 | 10,201 | 12,991 | 19,507 | 26,312 | 36,062 | 48,282 | 65,695 | 99,754 | 127,212 | 128,461 | 161,179 | 179,047 | |
43,599 | 44,154 | 44,578 | 45,565 | 50,827 | 54,290 | 64,181 | 75,337 | 84,934 | 92,791 | 115,554 | 131,987 | 138,766 | |
Total Liabilities | 54,017 | 59,454 | 65,370 | 74,383 | 88,228 | 103,951 | 128,614 | 161,514 | 208,428 | 251,304 | 279,845 | 333,413 | 360,275 |
580 | 818 | 1,208 | 1,262 | 1,261 | 1,274 | 1,645 | 1,792 | 2,097 | 3,216 | 3,182 | 3,586 | 3,997 | |
CWIP | 14 | 18 | 2 | 1 | 3 | 11 | 4 | 28 | 66 | 45 | 129 | 113 | 61 |
Investments | 43,127 | 43,506 | 43,251 | 45,314 | 51,367 | 53,698 | 62,658 | 69,428 | 81,679 | 91,821 | 113,654 | 119,222 | 122,632 |
10,296 | 15,113 | 20,910 | 27,805 | 35,598 | 48,969 | 64,306 | 90,266 | 124,587 | 156,223 | 162,879 | 210,493 | 233,584 | |
Total Assets | 54,017 | 59,454 | 65,370 | 74,383 | 88,228 | 103,951 | 128,614 | 161,514 | 208,428 | 251,304 | 279,845 | 333,413 | 360,275 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
239 | -3,849 | -6,922 | -9,807 | -10,731 | -9,795 | -10,922 | -19,580 | -27,076 | -23,369 | 4,547 | -33,670 | |
-3,011 | -887 | 2,953 | 3,764 | 3,709 | -886 | 151 | -922 | -6,903 | -9,948 | -3,684 | 1,445 | |
3,289 | 3,803 | 4,592 | 6,521 | 6,839 | 11,602 | 12,513 | 19,590 | 34,535 | 34,479 | 1,687 | 32,326 | |
Net Cash Flow | 518 | -933 | 623 | 478 | -183 | 921 | 1,742 | -911 | 555 | 1,162 | 2,551 | 101 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 36 | 16 | 22 | 17 | 12 | 19 | 19 | 19 | 18 | 17 | 16 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 27 | 36 | 16 | 22 | 17 | 12 | 19 | 19 | 19 | 18 | 17 | 16 |
Working Capital Days | -4,647 | -3,859 | -1,204 | -1,338 | -603 | -243 | -169 | -675 | -537 | -417 | -490 | -493 |
ROCE % | 27% | 23% | 22% | 18% | 17% | 15% | 15% | 14% | 14% | 13% | 12% | 11% |
Documents
Announcements
- Information Under Reg. 30 Of SEBI (LODR) Regulation, 2015 Read With Schedule A Of Reg. 8 Of SEBI (Prohibition Of Insider Trading) Regulations, 2015 6 Mar
- Information Under Reg. 30 Of SEBI (LODR) Regulation, 2015 Read With Schedule A Of Reg. 8 Of SEBI (Prohibition Of Insider Trading) Regulations, 2015 4 Mar
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Update - Intimation Of Receipt Of Mutual Fund Licence From SEBI
1 Mar - Pursuant to our application to sponsor a Mutual Fund, SEBI has granted a certificate of registration to Bajaj Finserv Mutual Fund. Further, Bajaj Finserv Asset …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Feb - With schedule III thereto, please find enclosed herewith the schedule of the analyst/ institutional investors meeting.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
7 Feb - Transcript of Conference Call held in respect of the Financial Results for the quarter and nine months ended 31 December 2022
Annual reports
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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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Financial Year 2010
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Financial Year 2010
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Concalls
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Feb 2023Transcript PPT
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Oct 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPT
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Apr 2022TranscriptNotesPPT
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Jan 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Jul 2021Transcript PPT
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Apr 2021Transcript PPT
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Jan 2021Transcript PPT
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Oct 2020Transcript PPT
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Jul 2020Transcript PPT
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May 2020Transcript PPT
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Oct 2019Transcript PPT
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Jul 2019Transcript PPT
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May 2019TranscriptNotesPPT
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Mar 2019TranscriptNotesPPT
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Jan 2019Transcript PPT
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Oct 2018Transcript PPT
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Sep 2018TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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May 2018Transcript PPT
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Mar 2018TranscriptNotesPPT
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Feb 2018Transcript PPT
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Oct 2017Transcript PPT
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May 2017Transcript PPT
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Jan 2017Transcript PPT
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Oct 2016Transcript PPT
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Jul 2016Transcript PPT
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Jun 2016TranscriptNotesPPT
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May 2016Transcript PPT
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Feb 2016TranscriptNotesPPT
Revenue Split
Life Insurance: 25% in FY22 vs 55% in FY18
General Insurance: 28% in FY22 vs 0% in FY18
Retail Financing: 45% in FY22 vs 43% in FY18
Investment:1% in FY22 vs 2% in FY18. [1] [2] [3]