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 ₹ 2,67,938 Cr.
- Current Price ₹ 1,679
- High / Low ₹ 1,690 / 1,215
- Stock P/E 36.1
- Book Value ₹ 319
- Dividend Yield 0.05 %
- ROCE 11.3 %
- ROE 14.8 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 19.4% CAGR over last 5 years
- Company's median sales growth is 20.0% of last 10 years
Cons
- Stock is trading at 5.29 times its book value
- Company has a low return on equity of 13.4% 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 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,715 | 8,055 | 6,023 | 11,335 | 20,533 | 24,507 | 32,862 | 42,605 | 54,351 | 60,592 | 68,406 | 82,072 | 94,682 | |
920 | 4,124 | 1,531 | 5,823 | 13,795 | 15,794 | 22,074 | 27,569 | 36,094 | 40,950 | 46,951 | 52,204 | 59,402 | |
Operating Profit | 1,794 | 3,931 | 4,491 | 5,511 | 6,739 | 8,713 | 10,788 | 15,037 | 18,258 | 19,641 | 21,455 | 29,868 | 35,281 |
OPM % | 66% | 49% | 75% | 49% | 33% | 36% | 33% | 35% | 34% | 32% | 31% | 36% | 37% |
1,190 | 2 | 3 | 8 | 0 | 0 | 1 | 2 | 0 | -7 | 8 | 1 | 5 | |
Interest | 744 | 1,204 | 1,562 | 2,230 | 2,877 | 3,716 | 4,531 | 6,657 | 9,500 | 9,274 | 9,629 | 12,380 | 15,146 |
Depreciation | 14 | 22 | 31 | 38 | 58 | 73 | 160 | 226 | 457 | 498 | 563 | 678 | 763 |
Profit before tax | 2,226 | 2,708 | 2,902 | 3,251 | 3,804 | 4,925 | 6,099 | 8,155 | 8,302 | 9,862 | 11,271 | 16,811 | 19,377 |
Tax % | 15% | 18% | 24% | 26% | 27% | 30% | 32% | 34% | 28% | 25% | 26% | 27% | |
1,890 | 2,214 | 2,191 | 2,409 | 2,775 | 3,450 | 4,176 | 5,374 | 5,994 | 7,367 | 8,314 | 12,210 | 14,100 | |
EPS in Rs | 8.40 | 9.89 | 9.71 | 10.62 | 11.71 | 14.21 | 16.65 | 20.23 | 21.17 | 28.09 | 28.63 | 40.29 | 46.59 |
Dividend Payout % | 2% | 2% | 2% | 2% | 1% | 1% | 1% | 1% | 2% | 1% | 1% | 2% |
Compounded Sales Growth | |
---|---|
10 Years: | 26% |
5 Years: | 20% |
3 Years: | 15% |
TTM: | 29% |
Compounded Profit Growth | |
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10 Years: | 15% |
5 Years: | 19% |
3 Years: | 24% |
TTM: | 36% |
Stock Price CAGR | |
---|---|
10 Years: | 37% |
5 Years: | 23% |
3 Years: | 24% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 13% |
3 Years: | 13% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 72 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 159 | 159 |
Reserves | 5,027 | 7,722 | 9,232 | 11,009 | 13,519 | 16,071 | 20,403 | 23,660 | 31,222 | 35,750 | 40,167 | 46,248 | 50,713 |
10,201 | 12,991 | 19,507 | 26,312 | 36,062 | 48,282 | 65,695 | 99,754 | 127,212 | 128,461 | 161,179 | 212,265 | 251,552 | |
44,154 | 44,578 | 45,565 | 50,827 | 54,290 | 64,181 | 75,337 | 84,934 | 92,791 | 115,554 | 131,987 | 146,729 | 166,899 | |
Total Liabilities | 59,454 | 65,370 | 74,383 | 88,228 | 103,951 | 128,614 | 161,514 | 208,428 | 251,304 | 279,845 | 333,413 | 405,401 | 469,324 |
818 | 1,208 | 1,262 | 1,261 | 1,274 | 1,645 | 1,792 | 2,097 | 3,216 | 3,182 | 3,586 | 4,336 | 4,858 | |
CWIP | 18 | 2 | 1 | 3 | 11 | 4 | 28 | 66 | 45 | 129 | 113 | 191 | 73 |
Investments | 43,506 | 43,251 | 45,314 | 51,367 | 53,698 | 62,658 | 69,428 | 81,679 | 91,821 | 113,654 | 119,222 | 136,176 | 145,283 |
15,113 | 20,910 | 27,805 | 35,598 | 48,969 | 64,306 | 90,266 | 124,587 | 156,223 | 162,879 | 210,493 | 264,698 | 319,110 | |
Total Assets | 59,454 | 65,370 | 74,383 | 88,228 | 103,951 | 128,614 | 161,514 | 208,428 | 251,304 | 279,845 | 333,413 | 405,401 | 469,324 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3,849 | -6,922 | -9,807 | -10,731 | -9,795 | -10,922 | -19,580 | -27,076 | -23,369 | 4,547 | -33,670 | -39,480 | |
-887 | 2,953 | 3,764 | 3,709 | -886 | 151 | -922 | -6,903 | -9,948 | -3,684 | 1,445 | -13,945 | |
3,803 | 4,592 | 6,521 | 6,839 | 11,602 | 12,513 | 19,590 | 34,535 | 34,479 | 1,687 | 32,326 | 51,016 | |
Net Cash Flow | -933 | 623 | 478 | -183 | 921 | 1,742 | -911 | 555 | 1,162 | 2,551 | 101 | -2,409 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 36 | 16 | 22 | 17 | 12 | 19 | 19 | 19 | 18 | 17 | 16 | 15 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 36 | 16 | 22 | 17 | 12 | 19 | 19 | 19 | 18 | 17 | 16 | 15 |
Working Capital Days | -3,859 | -1,204 | -1,338 | -603 | -243 | -169 | -675 | -537 | -417 | -490 | -493 | -444 |
ROCE % | 20% | 19% | 16% | 15% | 14% | 14% | 13% | 13% | 11% | 10% | 10% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Demise
2d - Listing Obligation and Disclosure Requirements ), Regulations, 2015 - Demise of Shri DJ Balaji Rao, Independent Director of the Company
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
23 Nov - Schedule of Analyst/Institutional Investor Meeting to be held on 29 November 2023 and 30 November 2023.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 Nov - Schedule of Analyst/Institutional Investor Meeting from 23 November 2023 to 28 November 2023.
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Submission Of Half Yearly Report For FY2023-24
9 Nov - Submission of Half Yearly Report for FY2023-24 containing the financial performance of the Company including summary of significant events during the half year ended 30 …
Annual reports
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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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Financial Year 2010
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Concalls
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Oct 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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Oct 2018Transcript PPT
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May 2018Transcript 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]