Bajaj Holdings & Investment Ltd

₹ 10,849 3.99%

05 Nov - close price

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) It is registered with RBI as NBFC–Investment and Credit Company (NBFC-ICC). No customer interface, deposits or borrowings. 14 employees as of March 2026.^[2]^[3]

Website BSE NSE F&O

Market Cap ₹ 1,20,587 Cr.
Current Price ₹ 10,849
High / Low ₹ 13,250 / 8,588
Stock P/E 53.8
Book Value ₹ 2,238
Dividend Yield 1.34 %
ROCE 12.8 %
ROE 11.1 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 58.8%

Cons

Stock is trading at 4.85 times its book value
Tax rate seems low
Company has a low return on equity of 11.3% over last 3 years.

* 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 Holding Company

Part of BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty Next 50 Nifty 500 Nifty 100 BSE Dollex 100 Nifty 200 Nifty 100 Equal Weight BSE Financial Services BSE SENSEX Next 50 BSE 100 ESG BSE 250 LargeMidCap Index BSE Diversified Financials Revenue Growth BSE Dividend Stability Index BSE 100 LargeCap TMC Index Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 Nifty100 ESG Nifty Total Market Nifty100 Enhanced ESG BSE 200 Equal Weight Nifty Financial Services Ex-Bank Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE India 150 BSE 1000 Nifty Conglomerate 50 Nifty India FPI 150

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	1,664	101	1,249	126	1,129	120	138	295	2,501	281	54	386	1,711
YoY Sales growth	+2%	+12%	+1,521%	+28%	-32%	+19%	-89%	+135%	+122%	+134%	-61%	+31%	-32%
	28	31	31	41	44	29	40	40	42	40	36	52	36
Operating Profit	1,636	70	1,218	84	1,085	91	98	255	2,459	241	18	334	1,674
OPM %	98%	70%	98%	67%	96%	76%	71%	87%	98%	86%	34%	87%	98%
	15	24	10	14	14	31	29	1,996	13	13	15	25	2
Interest	1	1	1	0	0	0	0	0	0	0	0	0	0
Depreciation	8	8	8	8	8	8	8	8	8	8	8	11	1
Profit before tax	1,643	86	1,219	90	1,090	114	119	2,243	2,464	245	25	349	1,675
Tax %	4%	23%	1%	26%	4%	26%	24%	9%	11%	26%	-1,141%	1%	16%
	1,571	66	1,204	66	1,051	84	91	2,036	2,181	181	310	344	1,404
EPS in Rs	141.18	5.89	108.22	5.93	94.45	7.55	8.15	182.92	195.95	16.26	27.89	30.92	126.16
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,003	1,395	883	949	998	2,206	426	1,831	1,933	3,176	1,573	3,184	2,432
Sales growth	+20%	+39%	-37%	+7%	+5%	+121%	-81%	+330%	+6%	+64%	-50%	+102%	-20%
	37	37	211	64	85	114	86	97	119	121	154	158	165
Operating Profit	966	1,357	673	885	914	2,092	340	1,734	1,813	3,055	1,419	3,026	2,267
OPM %	96%	97%	76%	93%	92%	95%	80%	95%	94%	96%	90%	95%	93%
	4	7	5	5	0	0	6	2	4	0	27	1,983	55
Interest	0	0	0	0	0	13	4	3	7	2	1	1	0
Depreciation	5	5	5	5	4	32	32	32	32	32	32	32	28
Profit before tax	964	1,359	672	884	910	2,048	310	1,701	1,779	3,021	1,413	4,977	2,294
Tax %	10%	6%	20%	10%	13%	11%	36%	4%	4%	4%	9%	5%
	868	1,271	538	800	788	1,827	199	1,631	1,712	2,896	1,292	4,708	2,239
EPS in Rs	77.97	114.16	48.36	71.88	70.82	164.15	17.84	146.51	153.79	260.25	116.07	423.01	201.23
Dividend Payout %	42%	28%	67%	56%	46%	24%	224%	78%	80%	50%	80%	46%

Compounded Sales Growth
10 Years:	9%
5 Years:	50%
3 Years:	18%
TTM:	-20%

Compounded Profit Growth
10 Years:	7%
5 Years:	67%
3 Years:	15%
TTM:	-14%

Stock Price CAGR
10 Years:	18%
5 Years:	17%
3 Years:	16%
1 Year:	-10%

Return on Equity
10 Years:	10%
5 Years:	11%
3 Years:	11%
Last Year:	11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	111	111	111	111	111	111	111	111	111	111	111	111	111
Reserves	5,852	6,687	7,225	10,110	10,878	10,581	13,905	15,277	15,554	18,724	19,261	27,196	24,796
	0	0	0	0	0	168	136	114	93	63	31	10	0
	494	172	66	68	56	66	350	567	563	804	460	926	1,554
Total Liabilities	6,457	6,970	7,402	10,289	11,046	10,926	14,503	16,069	16,321	19,701	19,863	28,243	26,461
	25	24	220	215	193	359	328	297	265	234	203	180	169
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	6,173	5,308	6,894	9,597	10,295	10,335	14,020	15,492	15,724	19,289	18,432	27,955	25,367
	259	1,637	288	478	557	232	156	280	331	179	1,228	108	925
Total Assets	6,457	6,970	7,402	10,289	11,046	10,926	14,503	16,069	16,321	19,701	19,863	28,243	26,461

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	776	1,143	-913	1,629	627	1,849	225	1,581	1,669	1,875	-1,987	4,673
	-445	1,022	-383	-1,123	-163	-844	-188	-106	-133	-460	3,019	-3,676
	-391	-759	-110	-432	-536	-988	-35	-1,475	-1,532	-1,402	-990	-1,066
Net Cash Flow	-59	1,406	-1,406	74	-72	17	2	-0	4	13	42	-70
Free Cash Flow	776	1,143	-913	1,629	627	1,848	225	1,580	1,669	1,875	-1,960	4,673
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	84%	90%	-111%	205%	79%	92%	97%	101%	99%	65%	-95%	183%

Ratios

Standalone / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
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	-146	-16	30	60	129	15	64	39	45	5	239	-0
ROCE %	17%	21%	10%	10%	9%	19%	3%	11%	11%	17%	7%	13%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Capital Adequacy Ratio (CRAR)
%

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

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Share of profit from associates (Bajaj Auto + Bajaj Finserv)
INR crore

Stake in Bajaj Auto Ltd
%

Stake in Bajaj Finserv Ltd
%

Strategic Equity Investments Market Value
INR crore

Total Investment Portfolio Market Value
INR crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%
	11.57%	11.53%	11.21%	10.89%	10.65%	10.56%	10.31%	10.33%	10.26%	9.62%	9.47%	9.57%
	5.95%	6.09%	6.42%	6.80%	7.12%	7.30%	7.45%	7.31%	7.31%	8.08%	8.26%	8.43%
	31.01%	30.90%	30.92%	30.82%	30.75%	30.69%	30.78%	30.90%	30.97%	30.85%	30.80%	30.53%
No. of Shareholders	61,275	60,774	65,300	65,695	64,338	69,354	72,783	75,884	84,234	83,963	83,499	79,616

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	43.77%	44.32%	49.03%	49.91%	49.95%	51.09%	51.46%	51.46%	51.46%	51.46%	51.46%
	15.47%	15.97%	14.43%	15.66%	14.39%	12.06%	12.34%	11.53%	10.56%	9.62%	9.57%
	6.02%	5.11%	2.13%	2.42%	3.67%	5.17%	4.97%	6.09%	7.30%	8.08%	8.43%
	34.73%	34.60%	34.41%	32.01%	31.99%	31.68%	31.22%	30.90%	30.69%	30.85%	30.53%
No. of Shareholders	45,943	46,647	43,588	51,337	59,483	62,749	66,687	60,774	69,354	83,963	79,616

* 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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Bajaj Holdings & Investment Ltd

Bajaj Holdings & Investment Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports