Bajaj Finance Ltd

Bajaj Finance Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bajaj Finance Ltd

₹ 7,811 0.93%
29 Sep - close price
bajajfinserv.in/finance BSE: 500034 NSE : BAJFINANCE
About

Bajaj Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers variety of financial services products to its customers.(Source : 202003 Annual Report Page No:124)

Key Points

Amongst Largest NBFCs in India
Bajaj Finance (BFL) started its journey in the year 1987 as a vehicle financing company and now is one of the largest and most diversified NBFCs in India. During FY22, AUM increased by 29% to Rs. 197,452 crores. [1] [2]

Website BSE NSE
  • Market Cap ₹ 4,73,268 Cr.
  • Current Price ₹ 7,811
  • High / Low ₹ 8,000 / 5,486
  • Stock P/E 43.4
  • Book Value ₹ 851
  • Dividend Yield 0.38 %
  • ROCE 12.3 %
  • ROE 22.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 32.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.3%
  • Company's median sales growth is 30.7% of last 10 years

Cons

  • Stock is trading at 9.18 times its book value

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
Revenue 5,901 5,780 5,845 6,006 5,916 6,808 7,527 7,616 8,147 8,604 9,214 9,716 10,664
Interest 1,985 1,868 1,870 1,723 1,764 1,889 1,972 1,954 2,006 2,209 2,455 2,614 3,013
2,656 2,666 2,482 2,631 2,921 3,064 2,859 2,510 2,863 2,951 3,111 3,152 3,505
Financing Profit 1,260 1,246 1,493 1,652 1,231 1,855 2,696 3,153 3,277 3,445 3,647 3,950 4,146
Financing Margin % 21% 22% 26% 28% 21% 27% 36% 41% 40% 40% 40% 41% 39%
1 7 2 4 1 1 2 3 2 1 1 2 2
Depreciation 77 67 73 85 82 88 89 96 102 111 108 123 143
Profit before tax 1,184 1,186 1,422 1,572 1,149 1,768 2,610 3,059 3,176 3,335 3,540 3,830 4,005
Tax % 27% 26% 26% 26% 27% 26% 26% 26% 26% 26% 26% 26% 26%
870 877 1,049 1,161 843 1,306 1,934 2,268 2,356 2,472 2,624 2,837 2,959
EPS in Rs 14.45 14.55 17.40 19.26 13.97 21.63 32.04 37.46 38.91 40.83 43.34 46.87 48.84
Gross NPA % 1.60% 2.86% 1.79% 2.96% 2.45% 2.02% 1.59% 1.45% 1.19% 1.09%
Net NPA % 0.64% 1.22% 0.75% 1.46% 1.10% 0.85% 0.64% 0.52% 0.43% 0.39%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
Revenue 2,163 3,092 4,042 5,392 7,298 9,966 12,639 17,386 23,823 23,537 27,872 35,681 38,198
Interest 759 1,221 1,592 2,274 2,959 3,853 4,649 6,037 7,990 7,550 7,678 9,425 10,291
799 998 1,362 1,752 2,353 3,248 4,067 5,189 8,763 10,325 11,236 11,924 12,718
Financing Profit 606 874 1,088 1,367 1,986 2,866 3,923 6,159 7,070 5,662 8,959 14,333 15,189
Financing Margin % 28% 28% 27% 25% 27% 29% 31% 35% 30% 24% 32% 40% 40%
8 17 32 26 35 23 10 13 9 3 -17 -7 6
Depreciation 12 20 29 36 56 71 102 137 271 302 355 444 485
Profit before tax 602 872 1,091 1,357 1,965 2,818 3,831 6,035 6,808 5,363 8,586 13,882 14,710
Tax % 33% 32% 34% 34% 35% 35% 35% 36% 28% 26% 26% 26%
406 591 719 898 1,279 1,837 2,485 3,890 4,881 3,956 6,350 10,290 10,893
EPS in Rs 8.50 11.87 14.34 17.90 23.74 33.40 42.99 67.31 81.12 65.64 104.89 169.96 179.88
Dividend Payout % 12% 13% 11% 10% 10% 11% 9% 9% 12% 15% 19% 18%
Compounded Sales Growth
10 Years: 28%
5 Years: 23%
3 Years: 14%
TTM: 27%
Compounded Profit Growth
10 Years: 33%
5 Years: 33%
3 Years: 28%
TTM: 39%
Stock Price CAGR
10 Years: 52%
5 Years: 29%
3 Years: 34%
1 Year: 6%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 17%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
41 50 50 50 54 109 115 115 120 120 121 121
Reserves 1,971 3,302 3,941 4,750 7,271 9,491 15,702 19,448 31,693 35,818 41,935 51,372
10,226 13,133 19,750 26,655 37,025 49,250 63,629 86,352 104,206 99,854 123,040 161,685
690 1,321 878 1,325 2,624 4,880 2,169 2,585 1,984 2,491 2,921 3,347
Total Liabilities 12,929 17,806 24,618 32,780 46,973 63,730 81,615 108,500 138,004 138,284 168,017 216,525
139 176 220 249 287 361 465 654 1,228 1,227 1,598 2,147
CWIP 0 0 0 0 0 0 0 0 0 51 33 80
Investments 5 5 28 332 1,034 4,075 3,653 10,370 20,139 20,169 16,372 28,738
12,785 17,625 24,370 32,198 45,652 59,295 77,497 97,475 116,636 116,836 150,014 185,560
Total Assets 12,929 17,806 24,618 32,780 46,973 63,730 81,615 108,500 138,004 138,284 168,017 216,525

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-4,568 -3,251 -6,087 -7,147 -9,871 -10,440 -17,191 -15,694 -14,110 4,386 -23,856 -27,331
-51 -56 -96 -365 -686 -3,048 505 -6,638 -9,633 424 3,806 -12,372
3,807 3,664 6,543 6,953 11,656 12,516 16,589 22,344 24,177 -4,113 21,550 38,021
Net Cash Flow -812 357 360 -559 1,099 -972 -97 13 435 697 1,501 -1,682

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 24% 22% 20% 20% 21% 22% 20% 22% 19% 12% 16% 22%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
56.12% 56.12% 56.12% 56.03% 56.03% 56.03% 55.86% 55.86% 55.86% 55.91% 55.91% 55.87%
21.31% 23.89% 24.06% 24.03% 23.64% 22.85% 21.41% 19.98% 20.49% 19.87% 19.16% 20.09%
10.70% 9.07% 9.08% 9.33% 9.73% 10.11% 11.22% 12.03% 12.09% 12.37% 12.92% 12.83%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07%
11.55% 10.64% 10.57% 10.40% 10.42% 10.91% 11.15% 11.84% 11.26% 11.60% 11.75% 10.99%
0.32% 0.28% 0.17% 0.21% 0.17% 0.10% 0.36% 0.29% 0.22% 0.18% 0.17% 0.13%
No. of Shareholders 5,22,9454,18,6774,64,3944,88,7635,25,2576,36,9317,18,6388,68,2717,67,7228,16,2928,90,7067,84,883

* 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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