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]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]
- Market Cap ₹ 76,150 Cr.
- Current Price ₹ 91.4
- High / Low ₹ 124 / 72.6
- Stock P/E 29.6
- Book Value ₹ 27.0
- Dividend Yield 0.00 %
- ROCE 8.84 %
- ROE 12.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 41.5% CAGR over last 5 years
Cons
- Stock is trading at 3.33 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 13.3% over last 3 years.
- 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 500 BSE Financial Services
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2,646 | 3,155 | 3,767 | 5,665 | 7,617 | 9,576 | 11,147 | |
| Interest | 1,618 | 1,968 | 2,157 | 3,213 | 4,695 | 5,981 | 6,759 |
| 438 | 552 | 624 | 718 | 721 | 781 | 1,010 | |
| Financing Profit | 591 | 635 | 986 | 1,733 | 2,201 | 2,814 | 3,377 |
| Financing Margin % | 22% | 20% | 26% | 31% | 29% | 29% | 30% |
| -0 | 0 | -0 | 0 | -0 | -2 | -10 | |
| Depreciation | 23 | 22 | 26 | 33 | 40 | 41 | 47 |
| Profit before tax | 567 | 613 | 960 | 1,700 | 2,161 | 2,770 | 3,320 |
| Tax % | 26% | 26% | 26% | 26% | 20% | 22% | 23% |
| 421 | 453 | 710 | 1,258 | 1,731 | 2,163 | 2,560 | |
| EPS in Rs | 0.86 | 0.93 | 1.45 | 1.87 | 2.58 | 2.60 | 3.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 25% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 27% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 13% |
| Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 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 | 14,194 |
| Borrowing | 25,600 | 31,601 | 41,492 | 53,745 | 69,129 | 82,072 | 103,704 |
| 187 | 226 | 293 | 406 | 464 | 790 | 920 | |
| Total Liabilities | 31,372 | 37,858 | 48,527 | 64,654 | 81,827 | 102,809 | 127,147 |
| 86 | 79 | 97 | 113 | 123 | 141 | 154 | |
| CWIP | 0 | 0 | 1 | 0 | 1 | 1 | 0 |
| Investments | 2,508 | 3,266 | 1,248 | 2,001 | 1,939 | 2,533 | 2,502 |
| 28,779 | 34,513 | 47,180 | 62,540 | 79,765 | 100,134 | 124,491 | |
| Total Assets | 31,372 | 37,858 | 48,527 | 64,654 | 81,827 | 102,809 | 127,147 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -1,024 | -5,076 | -12,481 | -14,332 | -14,600 | -17,075 | -19,895 | |
| -69 | -797 | 2,197 | -611 | -555 | -798 | -1,202 | |
| 1,149 | 5,676 | 10,228 | 14,630 | 15,125 | 17,870 | 21,197 | |
| Net Cash Flow | 55 | -197 | -55 | -313 | -30 | -2 | 100 |
| Free Cash Flow | -1,027 | -5,089 | -12,508 | -14,362 | -14,640 | -17,111 | -19,938 |
| CFO/OP | -46% | -188% | -389% | -282% | -204% | -187% | -190% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| ROE % | 8% | 8% | 11% | 15% | 15% | 13% | 12% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets Under Management (AUM) INR Crore |
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| Gross NPA % |
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| Home Loans AUM INR Crore |
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| Lease Rental Discounting (LRD) AUM INR Crore |
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| Number of Branches count |
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| Active Developer Relationships (DF) count |
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| APF (Approved Project Finance) Network Projects count |
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Extracted by Screener AI
Documents
Announcements
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Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015 Read With Schedule A Of Regulation 8 Of SEBI (Prohibition Of Insider Trading) Regulations, 2015 (Update)
16h - Q1 FY27 gross disbursements rose to ₹19,500 crore; AUM reached ₹1,49,610 crore as of 30 June 2026.
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Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015 Read With Schedule A Of Regulation 8 Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
18h - Q1 FY27 gross disbursements rose to ₹19,500 crore; AUM reached ₹1,49,610 crore as of 30 June 2026.
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Announcement under Regulation 30 (LODR)-Issue of Securities
1d - Allotted ₹2,500.8458 crore secured NCDs on 1 July 2026 at 7.64% p.a., maturing 1 July 2030.
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Closure of Trading Window
29 Jun - Trading window closes from 1 July 2026 until two days after Q1 FY27 results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Jun - Newspaper Publication w.r.t. 18th AGM to be held through Video Conferencing/Other Audio-Visual Means
Concalls
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May 2026Transcript PPT REC
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Apr 2026TranscriptPPT REC
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Feb 2026Transcript PPT REC
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Dec 2025Transcript PPT
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Nov 2025TranscriptPPT REC
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Jul 2025Transcript PPT
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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 2024TranscriptAI SummaryPPT
Market Leadership[1] BHFL is the 2nd largest Housing Finance Company (HFC) within just seven years of starting its mortgage operations. As of December 2025, the company has an AUM of Rs.1,33,412 Crs, reflecting 23% YoY growth. [2]