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 ₹ 1,03,738 Cr.
- Current Price ₹ 124
- High / Low ₹ 188 / 103
- Stock P/E 48.0
- 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 5.17 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
Sector: Finance Industry: Finance - Housing
Part of BSE 500 Nifty Next 50 Nifty 500 Nifty 100 BSE IPO
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
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 8 May
-
Announcement under Regulation 30 (LODR)-Issue of Securities
2 May - Allotment of ₹1000.03 crore secured NCDs at 7.14% for 665 days, maturing Feb 2027.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
29 Apr - Transcript of earnings conference call held in respect of the financial results for the quarter ended 31 March 2025.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
26 Apr - Monitoring Agency confirms Bajaj Housing Finance utilized IPO proceeds as per objectives, no deviations reported.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
23 Apr - Grant of 9.1 million stock options under BHFL ESOP 2024 to employees with 1-5 year vesting.
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.