Bajaj Holdings & Investment Ltd

About [ edit ]

Bajaj Holdings & Investment in the business of Investment activity.

  • Market Cap 39,915 Cr.
  • Current Price 3,589
  • High / Low 3,785 / 1,460
  • Stock P/E 13.0
  • Book Value 2,845
  • Dividend Yield 1.11 %
  • ROCE 12.2 %
  • ROE 10.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of -3.63% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.60% for last 3 years.
  • Earnings include an other income of Rs.3102.38 Cr.
  • Dividend payout has been low at 14.50% of profits over last 3 years

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
106 105 129 110 83 79 118 87 110 90 116 100
18 14 18 15 37 34 28 32 40 23 22 27
Operating Profit 88 90 111 94 46 45 90 54 70 68 94 74
OPM % 83% 86% 86% 86% 56% 57% 76% 63% 64% 75% 81% 73%
Other Income 622 655 688 722 768 656 1,007 911 526 650 816 1,111
Interest 0 0 0 0 0 3 3 3 5 1 1 1
Depreciation 1 1 1 1 1 8 8 8 9 8 8 8
Profit before tax 709 744 798 815 813 690 1,086 954 583 708 901 1,175
Tax % -0% 4% 4% 4% 3% 3% 2% 2% 29% 4% 3% 2%
Net Profit 712 711 765 781 791 669 1,029 933 361 679 872 1,150
EPS in Rs 63.99 63.91 68.70 70.18 71.11 60.14 92.43 83.80 32.47 61.02 78.36 103.29
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
140 710 898 295 337 423 524 470 842 420 431 435 417
16 10 12 12 15 23 40 42 215 65 85 134 111
Operating Profit 123 700 886 284 322 400 484 429 628 355 347 301 306
OPM % 88% 99% 99% 96% 95% 94% 92% 91% 75% 85% 80% 69% 73%
Other Income 185 700 2 -8 3 5 35 7 8 2,390 2,827 3,058 3,102
Interest 0 0 0 0 0 0 0 0 0 0 0 13 8
Depreciation 0 0 0 0 2 5 6 5 5 5 4 33 34
Profit before tax 307 1,399 888 275 322 400 513 430 630 2,739 3,170 3,314 3,367
Tax % 1% 3% 8% 28% 21% 20% 19% 21% 21% 3% 4% 7%
Net Profit 303 1,363 2,323 1,679 1,856 1,988 2,029 2,265 2,473 2,655 3,048 2,992 3,062
EPS in Rs 29.94 128.50 208.71 150.88 166.80 178.59 182.33 203.54 222.22 238.54 273.90 268.84 275.14
Dividend Payout % 33% 23% 17% 17% 15% 17% 19% 16% 15% 17% 12% 15%
Compounded Sales Growth
10 Years:-5%
5 Years:-4%
3 Years:-20%
TTM:14%
Compounded Profit Growth
10 Years:8%
5 Years:8%
3 Years:7%
TTM:-11%
Stock Price CAGR
10 Years:17%
5 Years:20%
3 Years:10%
1 Year:14%
Return on Equity
10 Years:15%
5 Years:13%
3 Years:12%
Last Year:11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
101 106 111 111 111 111 111 111 111 111 111 111 111
Reserves 4,434 5,390 7,340 8,569 10,234 11,888 13,282 15,182 17,707 25,090 26,841 27,652 31,547
Borrowings 0 0 0 0 0 0 0 0 0 0 0 0 151
2,281 463 489 455 430 449 500 178 71 68 56 4,965 6,010
Total Liabilities 6,817 5,960 7,940 9,135 10,775 12,448 13,893 15,472 17,889 25,269 27,008 32,729 37,819
64 245 373 384 532 532 544 544 222 215 193 374 358
CWIP 0 0 0 160 0 0 0 0 0 0 0 0 0
Investments 4,440 5,473 6,875 7,706 9,577 11,325 13,078 13,276 17,364 24,575 26,257 32,068 37,206
2,313 242 692 885 666 592 271 1,651 302 478 558 287 256
Total Assets 6,817 5,960 7,940 9,135 10,775 12,448 13,893 15,472 17,889 25,269 27,008 32,729 37,819

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
234 307 421 473 872 796 1,147 -923 1,631 628 1,920
6 4 78 -369 -519 -464 1,019 -372 -1,123 -163 -800
-240 -196 -455 -332 -326 -391 -761 -110 -434 -536 -1,028
Net Cash Flow 0 116 45 -228 27 -59 1,406 -1,406 74 -72 92

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 7% 28% 14% 4% 3% 4% 4% 3% 4% 13% 12% 12%
Debtor Days 0 0 0 0 1 0 0 0 0 0 0 4
Inventory Turnover 1.66 2.81 5.48 7.89 7.60 4.15 4.42 5.05 4.54 0.00 4.56

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
44.32 45.56 45.87 46.41 49.03 49.56 49.56 49.56 49.91 49.91 49.94 49.95
15.97 14.92 14.64 14.58 14.43 14.52 14.41 14.69 15.66 15.54 15.07 14.52
5.11 4.89 4.95 4.59 2.13 1.89 2.69 2.51 2.42 2.50 2.79 3.27
34.60 34.63 34.54 34.42 34.41 34.03 33.34 33.24 32.01 32.05 32.20 32.25

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