Bajaj Housing Finance Ltd

₹ 82.7 -0.78%

19 Oct - 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 December 2025, the company has an AUM of Rs.1,33,412 Crs, reflecting 23% YoY growth. ^[2]

Website BSE NSE

Market Cap ₹ 68,917 Cr.
Current Price ₹ 82.7
High / Low ₹ 112 / 72.6
Stock P/E 24.5
Book Value ₹ 28.8
Dividend Yield 0.00 %
ROCE 8.85 %
ROE 12.1 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 41.5% CAGR over last 5 years

Cons

Stock is trading at 2.87 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 Nifty LargeMidcap 250 Nifty Midcap 150 Nifty MidSmallcap 400 BSE Diversified Financials Revenue Growth BSE Financial Services Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty 500 Nifty MidSmallcap400 50:50 BSE 500 BSE 200 BSE Dollex 200 BSE 150 MidCap Index BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE 200 Equal Weight BSE Select IPO BSE 1000 Nifty Conglomerate 50 Nifty Core Housing Nifty500 Low Volatility 50 BSE Housing Finance Index

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	1,911	1,946	1,996	2,209	2,410	2,449	2,504	2,616	2,748	2,884	2,903	3,063	3,251
Interest	1,151	1,200	1,279	1,399	1,514	1,516	1,551	1,606	1,658	1,734	1,762	1,888	1,997
	176	164	219	170	179	210	222	244	246	261	262	233	261
Financing Profit	585	582	498	640	718	723	731	765	844	890	878	942	993
Financing Margin %	31%	30%	25%	29%	30%	30%	29%	29%	31%	31%	30%	31%	31%
	0	0	0	0	0	0	0	3	0	-13	0	0	1
Depreciation	10	10	10	10	10	10	11	11	12	12	13	13	13
Profit before tax	575	572	488	630	708	713	720	757	833	865	866	929	980
Tax %	22%	24%	22%	23%	23%	23%	18%	23%	23%	23%	23%	23%	23%
	451	437	381	483	546	548	587	583	643	665	669	715	757
EPS in Rs	0.67	0.65	0.57	0.62	0.66	0.66	0.70	0.70	0.77	0.80	0.80	0.86	0.91
Gross NPA %	0.24%	0.25%	0.27%	0.28%	0.29%	0.29%	0.29%	0.30%	0.26%	0.27%	0.27%	0.29%	0.29%
Net NPA %	0.09%	0.10%	0.10%	0.11%	0.12%	0.13%	0.11%	0.13%	0.12%	0.11%	0.11%	0.12%	0.12%
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	265	3,155	3,767	5,665	7,617	9,554	11,150	12,100
Interest	162	1,968	2,157	3,213	4,695	5,981	6,761	7,381
	44	552	624	718	721	759	1,007	1,017
Financing Profit	59	635	986	1,733	2,201	2,814	3,381	3,702
Financing Margin %	22%	20%	26%	31%	29%	29%	30%	31%
	-0	0	-0	0	-0	-2	-14	-12
Depreciation	2	22	26	33	40	41	47	51
Profit before tax	57	613	960	1,700	2,161	2,770	3,320	3,639
Tax %	26%	26%	26%	26%	20%	22%	23%
	42	453	710	1,258	1,731	2,163	2,560	2,806
EPS in Rs	0.09	0.93	1.45	1.87	2.58	2.60	3.07	3.37
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	29%
3 Years:	25%
TTM:	17%

Compounded Profit Growth
10 Years:	%
5 Years:	41%
3 Years:	27%
TTM:	19%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-25%

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	Sep 2026
Equity Capital	488	4,883	4,883	6,712	6,712	8,328	8,329	8,329
Reserves	70	1,149	1,858	3,791	5,521	11,619	14,194	15,694
Borrowing	2,560	31,601	41,492	53,745	69,129	82,072	103,704	118,259
	19	226	293	406	464	790	920	930
Total Liabilities	3,137	37,858	48,527	64,654	81,827	102,809	127,147	143,212
	9	79	97	113	123	141	154	159
CWIP	0	0	1	0	1	1	0	0
Investments	251	3,266	1,248	2,001	1,939	2,533	2,502	2,377
	2,878	34,513	47,180	62,540	79,765	100,134	124,491	140,675
Total Assets	3,137	37,858	48,527	64,654	81,827	102,809	127,147	143,212

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

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	8%	14%	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

x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xxx,xxx	xxx,xxx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
				xxx	xxx	xxx	xxx	xxx
				x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
				xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
				x,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
				xxx	xxx	xxx	xxx	xxx
				xx,xxx.xx	xx,xxx.xx	xx,xxx.xx

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Gross NPA
%

Active Developer Relationships (DF)
count

APF (Approved Project Finance) Network Projects
count

Home Loans AUM
INR Crore

Lease Rental Discounting (LRD) AUM
INR Crore

Number of Branches
count

Disbursements
INR Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	88.75%	88.75%	88.75%	88.70%	88.70%	86.70%	86.70%	86.70%	86.70%
	1.68%	1.11%	1.12%	1.04%	0.91%	0.94%	0.99%	0.90%	0.90%
	1.83%	0.82%	0.72%	0.59%	0.54%	1.39%	1.18%	1.00%	1.09%
	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	7.63%	9.32%	9.40%	9.61%	9.81%	10.92%	11.10%	11.34%	11.26%
	0.00%	0.00%	0.00%	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%
No. of Shareholders	23,09,518	26,45,574	26,05,368	25,10,340	24,45,280	24,28,409	23,64,074	23,15,861	22,42,947

	Mar 2025	Mar 2026	Sep 2026
	88.75%	86.70%	86.70%
	1.12%	0.99%	0.90%
	0.72%	1.18%	1.09%
	9.40%	11.10%	11.26%
	0.00%	0.04%	0.04%
No. of Shareholders	26,05,368	23,64,074	22,42,947

* 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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