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 13.0
Book Value ₹ 6,630
Dividend Yield 1.34 %
ROCE 11.0 %
ROE 11.9 %
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 19.5%

Cons

Tax rate seems low
Company has a low return on equity of 12.4% over last 3 years.
Earnings include an other income of Rs.8,776 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.

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

Consolidated Figures in Rs. Crores / View Standalone

	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
	225	108	1,212	134	279	126	145	325	397	288	61	394	182
YoY Sales growth	+20%	+10%	+1,298%	+29%	+24%	+17%	-88%	+143%	+42%	+128%	-58%	+21%	-54%
	33	36	35	61	46	31	42	41	43	41	37	53	38
Operating Profit	192	72	1,177	73	233	96	103	284	353	247	24	341	144
OPM %	85%	67%	97%	54%	83%	76%	71%	87%	89%	86%	39%	87%	79%
	1,479	1,602	1,563	1,554	1,335	1,694	1,695	3,428	1,630	1,846	2,278	2,384	2,269
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	1,662	1,665	2,731	1,618	1,559	1,781	1,789	3,704	1,976	2,084	2,293	2,714	2,412
Tax %	4%	1%	1%	0%	3%	2%	2%	5%	14%	3%	-12%	0%	11%
	1,588	1,645	2,716	1,615	1,510	1,750	1,751	3,504	1,690	2,018	2,577	2,708	2,137
EPS in Rs	133.98	147.76	244.05	144.70	129.06	157.09	155.04	313.27	140.08	181.16	231.37	243.18	179.11
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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
	524	470	842	420	431	435	457	484	522	1,702	739	1,121	924
Sales growth	+24%	-10%	+79%	-50%	+3%	+1%	+5%	+6%	+8%	+226%	-57%	+52%	-7%
	40	42	215	65	85	134	106	117	142	140	180	162	169
Operating Profit	484	429	628	355	347	301	352	367	380	1,562	559	959	755
OPM %	92%	91%	75%	85%	80%	69%	77%	76%	73%	92%	76%	86%	82%
	35	7	8	2,390	2,827	3,058	3,451	3,896	4,673	5,967	6,224	9,130	8,776
Interest	0	0	0	0	0	13	4	3	7	2	1	1	0
Depreciation	6	5	5	5	4	33	34	34	34	34	34	32	28
Profit before tax	513	430	630	2,739	3,170	3,314	3,766	4,226	5,012	7,493	6,748	10,057	9,503
Tax %	19%	21%	21%	3%	4%	7%	3%	2%	1%	2%	2%	3%
	2,029	2,265	2,473	2,655	3,048	3,080	3,654	4,126	4,946	7,365	6,626	9,789	9,440
EPS in Rs	182.33	203.54	222.22	238.54	273.90	268.84	327.95	364.41	435.83	652.98	585.90	865.89	834.82
Dividend Payout %	19%	16%	15%	17%	12%	15%	12%	32%	28%	20%	16%	23%

Compounded Sales Growth
10 Years:	9%
5 Years:	20%
3 Years:	29%
TTM:	-7%

Compounded Profit Growth
10 Years:	14%
5 Years:	17%
3 Years:	19%
TTM:	31%

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

Return on Equity
10 Years:	12%
5 Years:	12%
3 Years:	12%
Last Year:	12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	13,282	15,182	17,707	25,090	26,841	27,652	37,056	42,731	44,071	54,136	62,576	73,039	73,679
	0	0	0	0	0	168	136	114	93	63	31	10	0
	500	178	71	68	56	4,797	8,186	10,632	8,913	10,851	12,547	12,027	14,437
Total Liabilities	13,893	15,472	17,889	25,269	27,008	32,729	45,490	53,588	53,188	65,161	75,266	85,187	88,227
	544	544	222	215	193	374	342	310	278	244	203	181	169
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	13,078	13,276	17,364	24,575	26,257	32,068	44,914	52,964	52,555	64,715	73,808	84,865	87,014
	271	1,651	302	478	558	287	234	314	355	203	1,254	142	1,044
Total Assets	13,893	15,472	17,889	25,269	27,008	32,729	45,490	53,588	53,188	65,161	75,266	85,187	88,227

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	796	1,147	-923	1,631	628	1,920	272	1,610	1,728	1,941	-1,957	4,780
	-464	1,019	-372	-1,123	-163	-800	-308	-151	-137	-472	3,054	-3,695
	-391	-761	-110	-434	-536	-1,028	-37	-1,460	-1,587	-1,455	-1,055	-1,156
Net Cash Flow	-59	1,406	-1,406	74	-72	92	-73	-1	4	14	43	-71
Free Cash Flow	796	1,146	-923	1,631	628	1,916	271	1,608	1,726	1,941	-1,865	4,781
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	171%	285%	-121%	512%	209%	662%	108%	492%	493%	133%	-233%	590%

Ratios

Consolidated / View Standalone

	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	4	5	8	5	0	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	0	0	0	0	0	4	5	8	5	0	0	0
Working Capital Days	-278	-48	31	120	299	78	67	160	172	11	500	4
ROCE %	4%	3%	4%	13%	12%	11%	10%	9%	10%	13%	10%	11%

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)
% ・Standalone data

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

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