Bajaj Holdings & Investment Ltd
Bajaj Holdings & Investment Ltd. operates as an Investment Company and is registered as a Non-Banking Financial Institution – Investment and Credit Company with the Reserve Bank of India. The Co. holds more than 30% stake in both Bajaj Auto Ltd. and Bajaj Finserv Ltd. [1]
- Market Cap ₹ 91,344 Cr.
- Current Price ₹ 8,208
- High / Low ₹ 9,355 / 6,259
- Stock P/E 15.4
- Book Value ₹ 4,391
- Dividend Yield 1.51 %
- ROCE 9.71 %
- 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 24.0%
Cons
- The company has delivered a poor sales growth of 4.45% over past five years.
- Tax rate seems low
- Company has a low return on equity of 10.8% over last 3 years.
- Earnings include an other income of Rs.5,783 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
Sector: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
295 | 337 | 423 | 524 | 470 | 842 | 420 | 431 | 435 | 457 | 484 | 522 | 524 | |
12 | 15 | 23 | 40 | 42 | 215 | 65 | 85 | 134 | 106 | 117 | 142 | 137 | |
Operating Profit | 284 | 322 | 400 | 484 | 429 | 628 | 355 | 347 | 301 | 352 | 367 | 380 | 387 |
OPM % | 96% | 95% | 94% | 92% | 91% | 75% | 85% | 80% | 69% | 77% | 76% | 73% | 74% |
-8 | 3 | 5 | 35 | 7 | 8 | 2,390 | 2,827 | 3,058 | 3,451 | 3,896 | 4,673 | 5,783 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 4 | 3 | 7 | 7 |
Depreciation | 0 | 2 | 5 | 6 | 5 | 5 | 5 | 4 | 33 | 34 | 34 | 34 | 34 |
Profit before tax | 275 | 322 | 400 | 513 | 430 | 630 | 2,739 | 3,170 | 3,314 | 3,766 | 4,226 | 5,012 | 6,129 |
Tax % | 28% | 21% | 20% | 19% | 21% | 21% | 3% | 4% | 7% | 3% | 2% | 1% | |
1,679 | 1,856 | 1,988 | 2,029 | 2,265 | 2,473 | 2,655 | 3,048 | 3,080 | 3,654 | 4,126 | 4,946 | 6,002 | |
EPS in Rs | 150.88 | 166.80 | 178.59 | 182.33 | 203.54 | 222.22 | 238.54 | 273.90 | 268.84 | 327.95 | 364.41 | 435.83 | 530.48 |
Dividend Payout % | 17% | 15% | 17% | 19% | 16% | 15% | 17% | 12% | 15% | 12% | 32% | 28% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 4% |
3 Years: | 6% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 13% |
3 Years: | 17% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 20% |
3 Years: | 33% |
1 Year: | 25% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 |
Reserves | 8,569 | 10,234 | 11,888 | 13,282 | 15,182 | 17,707 | 25,090 | 26,841 | 27,652 | 37,056 | 42,731 | 44,071 | 48,758 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168 | 136 | 114 | 93 | 78 | |
455 | 430 | 449 | 500 | 178 | 71 | 68 | 56 | 4,797 | 8,186 | 10,632 | 8,913 | 12,634 | |
Total Liabilities | 9,135 | 10,775 | 12,448 | 13,893 | 15,472 | 17,889 | 25,269 | 27,008 | 32,729 | 45,490 | 53,588 | 53,188 | 61,581 |
384 | 532 | 532 | 544 | 544 | 222 | 215 | 193 | 374 | 342 | 310 | 278 | 261 | |
CWIP | 160 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 7,706 | 9,577 | 11,325 | 13,078 | 13,276 | 17,364 | 24,575 | 26,257 | 32,068 | 44,914 | 52,964 | 52,555 | 59,613 |
885 | 666 | 592 | 271 | 1,651 | 302 | 478 | 558 | 287 | 234 | 314 | 355 | 1,708 | |
Total Assets | 9,135 | 10,775 | 12,448 | 13,893 | 15,472 | 17,889 | 25,269 | 27,008 | 32,729 | 45,490 | 53,588 | 53,188 | 61,581 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
421 | 473 | 872 | 796 | 1,147 | -923 | 1,631 | 628 | 1,920 | 272 | 1,610 | 1,728 | |
78 | -369 | -519 | -464 | 1,019 | -372 | -1,123 | -163 | -800 | -308 | -151 | -137 | |
-455 | -332 | -326 | -391 | -761 | -110 | -434 | -536 | -1,028 | -37 | -1,460 | -1,587 | |
Net Cash Flow | 45 | -228 | 27 | -59 | 1,406 | -1,406 | 74 | -72 | 92 | -73 | -1 | 4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 5 | 8 | 5 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 5 | 8 | 5 |
Working Capital Days | -480 | -427 | -323 | -278 | -48 | 31 | 120 | 299 | 78 | 67 | 160 | 172 |
ROCE % | 4% | 3% | 4% | 4% | 3% | 4% | 13% | 12% | 11% | 10% | 9% | 10% |
Documents
Announcements
- Submission Of Certificate Under Regulation 40(10) Of SEBI (LODR) Regulations, 2015 (SEBI Listing Regulations, 2015) For The Financial Year Ended 31 March 2024 19 Apr
- Submission Of Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015, For The Financial Year Ended 31 March 2024 16 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 11 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Board Meeting Intimation for Considering And Approving The Audited Financial Results Of The Company For The Quarter And Financial Year Ending 31 March 2024 And Recommending Dividend, If Any, For The Said Year. 30 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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History
The Co. was demerged from erstwhile Bajaj Auto Ltd. whereby its manufacturing undertaking has been transferred to the Bajaj Auto Limited (BAL) and its strategic operation involving the wind farm business and financial services business has been transferred to Bajaj Finserv Limited (BFS). All businesses and all properties, assets, investments and liabilities of the former Bajaj auto Ltd, with the exception of the manufacturing and strategic business undertaking, now remain with BHIL. [1]