Bajaj Finserv Ltd

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

Bajaj Finserv Ltd

₹ 1,241 -3.83%
24 Mar - close price
bajajfinserv.in BSE: 532978 NSE : BAJAJFINSV
About

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]

Key Points

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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
14,557 13,294 14,190 15,050 15,959 15,387 13,949 18,008 17,587 18,862 15,888 20,803 21,755
9,396 9,823 9,103 10,441 10,799 10,746 9,860 12,696 11,783 12,769 9,573 13,416 13,924
Operating Profit 5,161 3,471 5,087 4,609 5,159 4,641 4,090 5,312 5,804 6,093 6,315 7,387 7,831
OPM % 35% 26% 36% 31% 32% 30% 29% 30% 33% 32% 40% 36% 36%
2 1 2 2 2 1 0 0 33 0 0 0 0
Interest 2,419 2,552 2,395 2,340 2,258 2,147 2,190 2,382 2,445 2,481 2,564 2,961 3,241
Depreciation 116 127 125 114 124 135 132 138 143 149 157 168 172
Profit before tax 2,627 793 2,568 2,157 2,779 2,358 1,767 2,792 3,249 3,462 3,594 4,258 4,419
Tax % 25% 32% 25% 25% 25% 26% 19% 28% 28% 27% 28% 30% 25%
Net Profit 1,978 540 1,922 1,618 2,082 1,745 1,433 1,998 2,349 2,534 2,578 2,997 3,300
EPS in Rs 7.07 1.22 7.64 6.20 8.11 6.15 5.23 7.05 7.89 8.46 8.23 9.77 11.19
Raw PDF

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
10 Years: 38%
5 Years: 23%
3 Years: 17%
TTM: 19%
Compounded Profit Growth
10 Years: 13%
5 Years: 15%
3 Years: 12%
TTM: 43%
Stock Price CAGR
10 Years: 32%
5 Years: 19%
3 Years: 37%
1 Year: -24%
Return on Equity
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%

Shareholding Pattern

Numbers in percentages

43 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
60.80 60.80 60.80 60.80 60.80 60.80 60.80 60.80 60.77 60.80 60.75 60.75
8.62 7.98 7.71 8.78 9.07 9.55 8.92 8.78 8.50 7.38 7.48 7.81
6.24 6.35 6.83 6.07 6.09 6.00 6.65 6.75 6.97 7.70 7.01 6.91
24.15 24.68 24.48 24.17 23.87 23.49 23.50 23.55 23.65 24.03 24.60 24.39
0.19 0.19 0.19 0.18 0.18 0.16 0.13 0.12 0.11 0.09 0.16 0.14

* 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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