Bajaj Holdings & Investment Ltd

Bajaj Holdings & Investment Ltd

₹ 14,341 -0.26%
01 Jul - 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 1,59,601 Cr.
  • Current Price 14,341
  • High / Low 14,873 / 8,821
  • Stock P/E 24.5
  • Book Value 5,633
  • Dividend Yield 0.65 %
  • ROCE 9.94 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 21.4%

Cons

  • Stock is trading at 2.55 times its book value
  • The company has delivered a poor sales growth of 9.47% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 12.3% over last 3 years.
  • Earnings include an other income of Rs.6,279 Cr.
  • Working capital days have increased from 244 days to 548 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

Consolidated Figures in Rs. Crores / View Standalone

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
89 91 188 98 87 104 225 108 1,212 134 279 126 145
33 37 37 37 32 36 33 36 35 61 46 31 42
Operating Profit 57 54 151 62 55 68 192 72 1,177 73 233 96 103
OPM % 64% 60% 81% 63% 63% 66% 85% 67% 97% 54% 83% 76% 71%
1,074 938 1,214 1,252 1,326 1,375 1,479 1,602 1,563 1,554 1,335 1,694 1,695
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 1,122 984 1,356 1,305 1,368 1,434 1,662 1,665 2,731 1,618 1,559 1,781 1,789
Tax % 1% 1% 1% 1% 1% 1% 4% 1% 1% 0% 3% 2% 2%
1,106 970 1,336 1,287 1,353 1,416 1,588 1,645 2,716 1,615 1,510 1,750 1,751
EPS in Rs 99.32 87.10 111.67 115.52 121.55 127.19 133.98 147.76 244.05 144.70 129.06 157.09 155.04
Raw PDF
Upcoming result date: 6 August 2025

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
423 524 470 842 420 431 435 457 484 522 1,702 684
23 40 42 215 65 85 134 106 117 142 140 180
Operating Profit 400 484 429 628 355 347 301 352 367 380 1,562 505
OPM % 94% 92% 91% 75% 85% 80% 69% 77% 76% 73% 92% 74%
5 35 7 8 2,390 2,827 3,058 3,451 3,896 4,673 5,967 6,279
Interest -0 -0 -0 -0 -0 -0 13 4 3 7 2 1
Depreciation 5 6 5 5 5 4 33 34 34 34 34 34
Profit before tax 400 513 430 630 2,739 3,170 3,314 3,766 4,226 5,012 7,493 6,748
Tax % 20% 19% 21% 21% 3% 4% 7% 3% 2% 1% 2% 2%
1,988 2,029 2,265 2,473 2,655 3,048 3,080 3,654 4,126 4,946 7,365 6,626
EPS in Rs 178.59 182.33 203.54 222.22 238.54 273.90 268.84 327.95 364.41 435.83 652.98 585.90
Dividend Payout % 17% 19% 16% 15% 17% 12% 15% 12% 32% 28% 20% 16%
Compounded Sales Growth
10 Years: 3%
5 Years: 9%
3 Years: 12%
TTM: -60%
Compounded Profit Growth
10 Years: 12%
5 Years: 17%
3 Years: 17%
TTM: -10%
Stock Price CAGR
10 Years: 26%
5 Years: 41%
3 Years: 46%
1 Year: 61%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 12%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 11,888 13,282 15,182 17,707 25,090 26,841 27,652 37,056 42,731 44,071 54,136 62,576
-0 -0 -0 -0 -0 -0 168 136 114 93 63 31
449 500 178 71 68 56 4,797 8,186 10,632 8,913 10,851 12,547
Total Liabilities 12,448 13,893 15,472 17,889 25,269 27,008 32,729 45,490 53,588 53,188 65,161 75,266
532 544 544 222 215 193 374 342 310 278 244 203
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments 11,325 13,078 13,276 17,364 24,575 26,257 32,068 44,914 52,964 52,555 64,715 73,808
592 271 1,651 302 478 558 287 234 314 355 203 1,254
Total Assets 12,448 13,893 15,472 17,889 25,269 27,008 32,729 45,490 53,588 53,188 65,161 75,266

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
872 796 1,147 -923 1,631 628 1,920 272 1,610 1,728 1,941 -1,957
-519 -464 1,019 -372 -1,123 -163 -800 -308 -151 -137 -472 3,054
-326 -391 -761 -110 -434 -536 -1,028 -37 -1,460 -1,587 -1,455 -1,055
Net Cash Flow 27 -59 1,406 -1,406 74 -72 92 -73 -1 4 14 43

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 4 5 8 5 0 -0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 -0 -0 4 5 8 5 0 -0
Working Capital Days -323 -278 -48 31 120 299 78 67 160 172 11 548
ROCE % 4% 4% 3% 4% 13% 12% 11% 10% 9% 10% 13% 10%

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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