Bajaj Housing Finance Ltd
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]
- Market Cap ₹ 1,01,271 Cr.
- Current Price ₹ 122
- High / Low ₹ 188 / 103
- Stock P/E 46.8
- Book Value ₹ 24.0
- Dividend Yield 0.00 %
- ROCE 9.54 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 38.7% CAGR over last 5 years
Cons
- Stock is trading at 5.07 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
* 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
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 2,646 | 3,155 | 3,767 | 5,665 | 7,617 | 9,576 | |
| Interest | 1,618 | 1,968 | 2,157 | 3,213 | 4,695 | 5,979 |
| 438 | 552 | 624 | 718 | 721 | 785 | |
| Financing Profit | 591 | 635 | 986 | 1,734 | 2,201 | 2,811 |
| Financing Margin % | 22% | 20% | 26% | 31% | 29% | 29% |
| -0 | 0 | -0 | -0 | -0 | 0 | |
| Depreciation | 23 | 22 | 26 | 33 | 40 | 41 |
| Profit before tax | 567 | 613 | 960 | 1,700 | 2,161 | 2,770 |
| Tax % | 26% | 26% | 26% | 26% | 20% | 22% |
| 421 | 453 | 710 | 1,258 | 1,731 | 2,163 | |
| EPS in Rs | 0.86 | 0.93 | 1.45 | 1.87 | 2.58 | 2.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 36% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 45% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| 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 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4,883 | 4,883 | 4,883 | 6,712 | 6,712 | 8,328 |
| Reserves | 702 | 1,149 | 1,858 | 3,791 | 5,521 | 11,619 |
| Borrowing | 25,600 | 31,601 | 41,492 | 53,745 | 69,129 | 82,072 |
| 187 | 226 | 293 | 406 | 464 | 790 | |
| Total Liabilities | 31,372 | 37,858 | 48,527 | 64,654 | 81,827 | 102,809 |
| 86 | 79 | 97 | 113 | 123 | 141 | |
| CWIP | 0 | 0 | 1 | 0 | 1 | 0 |
| Investments | 2,508 | 3,266 | 1,248 | 2,001 | 1,939 | 2,533 |
| 28,779 | 34,513 | 47,180 | 62,540 | 79,765 | 100,134 | |
| Total Assets | 31,372 | 37,858 | 48,527 | 64,654 | 81,827 | 102,809 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -1,024 | -5,076 | -12,461 | -14,332 | -15,428 | -17,075 | |
| -69 | -797 | 2,197 | -611 | 273 | -798 | |
| 1,149 | 5,676 | 10,209 | 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% | 11% | 15% | 15% | 13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11h - Bajaj Housing Finance Limited has informed about copy of Newspaper Publication
-
Announcement under Regulation 30 (LODR)-Issue of Securities
14h - Bajaj Housing Finance allotted ₹1005.79 crore secured NCDs at 7.02% for 1060 days, listed on BSE.
-
Business Responsibility and Sustainability Reporting (BRSR)
1d - Bajaj Housing Finance FY2025 Business Responsibility and Sustainability Report filed with assurance.
-
Reg. 34 (1) Annual Report.
1d - Notice of 17th AGM on 23 July 2025; includes financials, director re-appointment, NCD issuance up to ₹12,612 crore, related party transactions approval.
-
Notice Of 17Th Annual General Meeting Scheduled On 23 July 2025
1d - Notice of 17th AGM on 23 July 2025; agenda includes financials, director reappointment, NCD issuance up to ₹12,612 crore, related party transactions approval.
Concalls
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Apr 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT REC
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Oct 2024TranscriptNotesPPT
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.