Bajaj Housing Finance Ltd
₹ 135
-4.84%
12 Dec
10:52 a.m.
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]
Key Points
- Market Cap ₹ 1,12,055 Cr.
- Current Price ₹ 135
- High / Low ₹ 188 / 125
- Stock P/E 64.7
- Book Value ₹ 22.6
- Dividend Yield 0.00 %
- ROCE 9.42 %
- ROE 15.2 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 6.27 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.
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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 | |
|---|---|---|---|---|---|
| Revenue | 2,646 | 3,155 | 3,767 | 5,665 | 7,617 |
| Interest | 1,618 | 1,968 | 2,157 | 3,213 | 4,695 |
| 438 | 552 | 624 | 718 | 721 | |
| Financing Profit | 591 | 635 | 986 | 1,733 | 2,201 |
| Financing Margin % | 22% | 20% | 26% | 31% | 29% |
| -0 | 0 | -0 | 0 | -0 | |
| Depreciation | 23 | 22 | 26 | 33 | 40 |
| Profit before tax | 567 | 613 | 960 | 1,700 | 2,161 |
| Tax % | 26% | 26% | 26% | 26% | 20% |
| 421 | 453 | 710 | 1,258 | 1,731 | |
| EPS in Rs | 0.86 | 0.93 | 1.45 | 1.87 | 2.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 56% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4,883 | 4,883 | 4,883 | 6,712 | 6,712 | 8,328 |
| Reserves | 702 | 1,149 | 1,858 | 3,791 | 5,521 | 10,457 |
| 25,600 | 31,601 | 41,492 | 53,745 | 69,129 | 74,475 | |
| 187 | 226 | 293 | 406 | 464 | 539 | |
| Total Liabilities | 31,372 | 37,858 | 48,527 | 64,654 | 81,827 | 93,799 |
| 86 | 79 | 97 | 113 | 123 | 122 | |
| CWIP | 0 | 0 | 1 | 0 | 1 | 0 |
| Investments | 2,508 | 3,266 | 1,248 | 2,001 | 1,939 | 1,633 |
| 28,779 | 34,513 | 47,180 | 62,540 | 79,765 | 92,044 | |
| Total Assets | 31,372 | 37,858 | 48,527 | 64,654 | 81,827 | 93,799 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -1,024 | -5,076 | -12,461 | -14,332 | -15,428 | |
| -69 | -797 | 2,197 | -611 | 273 | |
| 1,149 | 5,676 | 10,209 | 14,630 | 15,125 | |
| Net Cash Flow | 55 | -197 | -55 | -313 | -30 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| ROE % | 8% | 11% | 15% | 15% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Nov
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 21 Nov
-
Submission Of Half-Yearly Report For FY2024-25
30 Oct - Submission of Half Yearly Report for FY2024-25.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
25 Oct - Transcript of conference call for the quarter and half-year ended 30 September 2024.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
24 Oct - Monitoring Agency Report on equity share proceeds utilization.
Concalls
-
Oct 2024Transcript PPT
-
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.