Bajaj Housing Finance Ltd

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

Bajaj Housing Finance Ltd

₹ 88.1 -0.14%
20 Feb - close price
bajajhousingfinance.in BSE: 544252 NSE: BAJAJHFL
About

Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans.[1]It is a 100% subsidiary of Bajaj Finance Limited — one of the most diversified NBFCs in the Indian market. BHFL offers finance to individuals as well as corporate entities for the purchase and renovation of homes, or commercial spaces. It also provides loans against property for business or personal needs as well as working capital for business expansion purposes. BHFL also offers finance to developers engaged in the construction of residential and commercial properties as well as lease rental discounting to developers and HNIs.[2]

Key Points

Market Leadership[1] BHFL is the 2nd largest Housing Finance Company (HFC) within just seven years of starting its mortgage operations. As of March 2024, it is the 8th largest NBFC - Upper Layer by AUM and 2nd most profitable HFC. In FY2024 and Q1FY2025, BHFL recorded the 2nd highest loan disbursement among HFCs, with the 2nd highest AUM per branch and employee among large HFCs.

Website BSE NSE
  • Market Cap ₹ 73,383 Cr.
  • Current Price ₹ 88.1
  • High / Low ₹ 137 / 87.1
  • Stock P/E 29.5
  • Book Value ₹ 25.4
  • Dividend Yield 0.00 %
  • ROCE 9.55 %
  • ROE 13.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 38.7% CAGR over last 5 years

Cons

  • Stock is trading at 3.46 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

* 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

Financial Services Financial Services Finance Housing Finance Company

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty Next 50 Nifty 500

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
1,585 1,763 1,911 1,946 1,996 2,209 2,410 2,449 2,508 2,616 2,755 2,886
Interest 954 1,062 1,151 1,200 1,279 1,399 1,514 1,516 1,551 1,606 1,658 1,734
216 165 176 164 219 170 179 210 226 244 253 263
Financing Profit 416 536 585 582 498 640 718 723 731 765 844 890
Financing Margin % 26% 30% 31% 30% 25% 29% 30% 30% 29% 29% 31% 31%
0 0 0 0 0 0 0 0 0 3 0 -13
Depreciation 9 10 10 10 10 10 10 10 11 11 12 12
Profit before tax 407 526 575 572 488 630 708 713 720 757 833 865
Tax % 26% 12% 22% 24% 22% 23% 23% 23% 18% 23% 23% 23%
301 462 451 437 381 483 546 548 587 583 643 665
EPS in Rs 0.45 0.69 0.67 0.65 0.57 0.62 0.66 0.66 0.70 0.70 0.77 0.80
Gross NPA % 0.23% 0.24% 0.25% 0.27% 0.28% 0.29% 0.29% 0.29% 0.30% 0.26% 0.27%
Net NPA % 0.08% 0.09% 0.10% 0.10% 0.11% 0.12% 0.13% 0.11% 0.13% 0.12% 0.11%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
2,646 3,155 3,767 5,665 7,617 9,576 10,764
Interest 1,618 1,968 2,157 3,213 4,695 5,981 6,548
438 552 624 718 721 781 986
Financing Profit 591 635 986 1,733 2,201 2,814 3,230
Financing Margin % 22% 20% 26% 31% 29% 29% 30%
-0 0 -0 0 -0 -2 -10
Depreciation 23 22 26 33 40 41 46
Profit before tax 567 613 960 1,700 2,161 2,770 3,174
Tax % 26% 26% 26% 26% 20% 22%
421 453 710 1,258 1,731 2,163 2,478
EPS in Rs 0.86 0.93 1.45 1.87 2.58 2.60 2.97
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 36%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 39%
3 Years: 45%
TTM: 27%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -22%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 14%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 4,883 4,883 4,883 6,712 6,712 8,328 8,329
Reserves 702 1,149 1,858 3,791 5,521 11,619 12,852
Borrowing 25,600 31,601 41,492 53,745 69,129 82,072 94,061
187 226 293 406 464 790 735
Total Liabilities 31,372 37,858 48,527 64,654 81,827 102,809 115,976
86 79 97 113 123 141 144
CWIP 0 0 1 0 1 1 0
Investments 2,508 3,266 1,248 2,001 1,939 2,533 2,129
28,779 34,513 47,180 62,540 79,765 100,134 113,703
Total Assets 31,372 37,858 48,527 64,654 81,827 102,809 115,976

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-1,024 -5,076 -12,481 -14,332 -14,600 -17,075
-69 -797 2,197 -611 -555 -798
1,149 5,676 10,228 14,630 15,125 17,870
Net Cash Flow 55 -197 -55 -313 -30 -2

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
ROE % 8% 8% 11% 15% 15% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
88.75% 88.75% 88.75% 88.70% 88.70% 86.70%
1.68% 1.11% 1.12% 1.04% 0.91% 0.94%
1.83% 0.82% 0.72% 0.59% 0.54% 1.39%
0.11% 0.00% 0.00% 0.00% 0.00% 0.00%
7.63% 9.32% 9.40% 9.61% 9.81% 10.92%
0.00% 0.00% 0.00% 0.05% 0.04% 0.04%
No. of Shareholders 23,09,51826,45,57426,05,36825,10,34024,45,28024,28,409

* 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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