Bajaj Holdings & Investment Ltd

Bajaj Holdings & Investment Ltd

₹ 14,218 0.48%
30 Jun 12:52 p.m.
About

Incorporated in 2024, Bajaj Holdings & Investment Ltd is an Investment and Credit Company[1]

Key Points

Business Overview:[1]
a) BHIL was formed after demerger from
Bajaj Auto Limited, whereby its manufacturing undertaking was transferred to the new Bajaj Auto Limited (BAL), and its strategic business undertaking consisting of wind farm business, financial services business was vested with Bajaj Finserv Limited (BFS).
b) All the businesses and all properties, assets, investments, and liabilities of erstwhile Bajaj Auto Ltd, other than the manufacturing undertaking and the strategic business undertaking, now remain with BHIL.
c) Post-demerger, BHIL holds 30%+ shares each in BAL and BFS.
d) BHIL is registered as a Systemically Important Non-deposit Non-Banking Financial Company

  • Market Cap 1,58,232 Cr.
  • Current Price 14,218
  • High / Low 14,873 / 8,498
  • Stock P/E 123
  • Book Value 1,741
  • Dividend Yield 0.66 %
  • ROCE 7.38 %
  • ROE 6.76 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 70.1%

Cons

  • Stock is trading at 8.17 times its book value
  • The company has delivered a poor sales growth of -7.27% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.4% over last 3 years.
  • Working capital days have increased from 99.7 days to 249 days

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
79 84 1,624 91 77 98 1,664 101 1,249 126 1,129 120 138
25 32 30 33 24 32 28 31 31 41 44 29 40
Operating Profit 54 52 1,593 58 53 67 1,636 70 1,218 84 1,085 91 98
OPM % 68% 62% 98% 64% 68% 68% 98% 70% 98% 67% 96% 76% 71%
16 13 13 16 19 15 15 24 10 14 14 31 29
Interest 1 1 1 1 5 1 1 1 1 0 0 0 0
Depreciation 8 8 8 8 8 8 8 8 8 8 8 8 8
Profit before tax 61 56 1,598 66 59 73 1,643 86 1,219 90 1,090 114 119
Tax % 24% 23% 2% 25% 24% 25% 4% 23% 1% 26% 4% 26% 24%
46 43 1,574 49 45 55 1,571 66 1,204 66 1,051 84 91
EPS in Rs 4.14 3.88 141.43 4.42 4.06 4.97 141.18 5.89 108.22 5.93 94.45 7.55 8.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
836 1,003 1,395 883 949 998 2,206 426 1,831 1,936 3,176 1,513
21 37 37 211 64 85 114 86 97 119 121 154
Operating Profit 815 966 1,357 673 885 914 2,092 340 1,734 1,817 3,055 1,359
OPM % 97% 96% 97% 76% 93% 92% 95% 80% 95% 94% 96% 90%
3 4 7 5 5 0 0 6 2 1 0 87
Interest 0 0 0 0 0 0 13 4 3 7 2 1
Depreciation 5 5 5 5 5 4 32 32 32 32 32 32
Profit before tax 814 964 1,359 672 884 910 2,048 310 1,701 1,779 3,021 1,413
Tax % 10% 10% 6% 20% 10% 13% 11% 36% 4% 4% 4% 9%
733 868 1,271 538 800 788 1,827 199 1,631 1,712 2,896 1,292
EPS in Rs 65.89 77.97 114.16 48.36 71.88 70.82 164.15 17.84 146.51 153.79 260.25 116.07
Dividend Payout % 46% 42% 28% 67% 56% 46% 24% 224% 78% 80% 50% 80%
Compounded Sales Growth
10 Years: 4%
5 Years: -7%
3 Years: -6%
TTM: -52%
Compounded Profit Growth
10 Years: 4%
5 Years: -7%
3 Years: -7%
TTM: -55%
Stock Price CAGR
10 Years: 25%
5 Years: 41%
3 Years: 46%
1 Year: 66%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 11%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 111 111 111 111 111 111 111 111 111 111 111 111
Reserves 5,418 5,852 6,687 7,225 10,110 10,878 10,581 13,905 15,277 15,554 18,724 19,261
0 0 0 0 0 0 168 136 114 93 63 31
442 494 172 66 68 56 66 350 567 563 804 460
Total Liabilities 5,972 6,457 6,970 7,402 10,289 11,046 10,926 14,503 16,069 16,321 19,701 19,863
25 25 24 220 215 193 359 328 297 265 234 203
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 5,366 6,173 5,308 6,894 9,597 10,295 10,335 14,020 15,492 15,724 19,289 18,432
581 259 1,637 288 478 557 232 156 280 331 179 1,228
Total Assets 5,972 6,457 6,970 7,402 10,289 11,046 10,926 14,503 16,069 16,321 19,701 19,863

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
868 776 1,143 -913 1,629 627 1,849 225 1,581 1,669 1,875 -1,987
-515 -445 1,022 -383 -1,123 -163 -844 -188 -106 -133 -460 3,019
-326 -391 -759 -110 -432 -536 -988 -35 -1,475 -1,532 -1,402 -990
Net Cash Flow 27 -59 1,406 -1,406 74 -72 17 2 -0 4 13 42

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -164 -146 -16 30 60 129 15 64 39 45 5 249
ROCE % 15% 17% 21% 10% 10% 9% 19% 3% 11% 11% 17% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.20% 51.20% 51.36% 51.46% 51.46% 51.46% 51.46% 51.46% 51.46% 51.46% 51.46% 51.46%
11.80% 12.04% 12.27% 12.34% 12.39% 11.65% 11.57% 11.53% 11.21% 10.89% 10.65% 10.56%
5.28% 5.32% 4.95% 4.97% 5.04% 5.88% 5.95% 6.09% 6.42% 6.80% 7.12% 7.30%
31.72% 31.43% 31.41% 31.22% 31.11% 31.01% 31.01% 30.90% 30.92% 30.82% 30.75% 30.69%
No. of Shareholders 68,18565,28673,43766,68763,63360,73461,27560,77465,30065,69564,33869,354

* 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.

Click on the line-items to see the names of individual entities.

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