Bajaj Holdings & Investment Ltd

Bajaj Holdings & Investment Ltd

₹ 10,632 0.33%
08 May - 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) BHIL is registered as a Systemically Important Non-deposit Non-Banking Financial Company

  • Market Cap 1,18,324 Cr.
  • Current Price 10,632
  • High / Low 14,873 / 8,588
  • Stock P/E 41.7
  • Book Value 2,454
  • Dividend Yield 0.87 %
  • ROCE 12.8 %
  • ROE 12.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 70.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 58.8%

Cons

  • Stock is trading at 4.33 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 11.7% over last 3 years.
  • Earnings include an other income of Rs.2,037 Cr.

* 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
77 98 1,664 101 1,249 126 1,129 120 138 295 2,501 281 54
24 32 28 31 31 41 44 29 40 40 42 40 36
Operating Profit 53 67 1,636 70 1,218 84 1,085 91 98 255 2,459 241 18
OPM % 68% 68% 98% 70% 98% 67% 96% 76% 71% 87% 98% 86% 34%
19 15 15 24 10 14 14 31 29 1,996 13 13 15
Interest 5 1 1 1 1 0 0 0 0 0 0 0 0
Depreciation 8 8 8 8 8 8 8 8 8 8 8 8 8
Profit before tax 59 73 1,643 86 1,219 90 1,090 114 119 2,243 2,464 245 25
Tax % 24% 25% 4% 23% 1% 26% 4% 26% 24% 9% 11% 26% -1,141%
45 55 1,571 66 1,204 66 1,051 84 91 2,036 2,181 181 310
EPS in Rs 4.06 4.97 141.18 5.89 108.22 5.93 94.45 7.55 8.15 182.92 195.95 16.26 27.89
Raw PDF

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
1,003 1,395 883 949 998 2,206 426 1,831 1,936 3,176 1,573 3,131
37 37 211 64 85 114 86 97 119 121 154 158
Operating Profit 966 1,357 673 885 914 2,092 340 1,734 1,817 3,055 1,419 2,973
OPM % 96% 97% 76% 93% 92% 95% 80% 95% 94% 96% 90% 95%
4 7 5 5 0 0 6 2 1 0 27 2,037
Interest 0 0 0 0 0 13 4 3 7 2 1 1
Depreciation 5 5 5 5 4 32 32 32 32 32 32 32
Profit before tax 964 1,359 672 884 910 2,048 310 1,701 1,779 3,021 1,413 4,977
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
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
Dividend Payout % 42% 28% 67% 56% 46% 24% 224% 78% 80% 50% 80% 46%
Compounded Sales Growth
10 Years: 8%
5 Years: 49%
3 Years: 17%
TTM: 99%
Compounded Profit Growth
10 Years: 8%
5 Years: 70%
3 Years: 18%
TTM: 124%
Stock Price CAGR
10 Years: 22%
5 Years: 25%
3 Years: 15%
1 Year: -5%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 12%
Last Year: 12%

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
Equity Capital 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
0 0 0 0 0 168 136 114 93 63 31 10
494 172 66 68 56 66 350 567 563 804 460 926
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
25 24 220 215 193 359 328 297 265 234 203 180
CWIP 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
259 1,637 288 478 557 232 156 280 331 179 1,228 108
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

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 1,564 1,669 1,875 -1,987 4,673
-445 1,022 -383 -1,123 -163 -844 -188 -89 -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 1,563 1,669 1,875 -1,960 4,673
CFO/OP 84% 90% -111% 205% 79% 92% 97% 100% 99% 65% -95% 186%

Ratios

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
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 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Market Value of Total Investment Portfolio
₹ Crore

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Percentage Shareholding in Bajaj Auto Ltd (BAL)
%
Percentage Shareholding in Bajaj Finserv Ltd (BFS)
%
Fixed Income Portfolio Yield (Year-End)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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%
12.39% 11.65% 11.57% 11.53% 11.21% 10.89% 10.65% 10.56% 10.31% 10.33% 10.26% 9.62%
5.04% 5.88% 5.95% 6.09% 6.42% 6.80% 7.12% 7.30% 7.45% 7.31% 7.31% 8.08%
31.11% 31.01% 31.01% 30.90% 30.92% 30.82% 30.75% 30.69% 30.78% 30.90% 30.97% 30.85%
No. of Shareholders 63,63360,73461,27560,77465,30065,69564,33869,35472,78375,88484,23483,963

* 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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