Bajaj Finance Ltd

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

Bajaj Finance Ltd

₹ 7,043 0.27%
05 Jun 3:40 p.m.
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 ₹ 4,26,407 Cr.
  • Current Price ₹ 7,043
  • High / Low ₹ 7,778 / 5,220
  • Stock P/E 37.1
  • Book Value ₹ 898
  • Dividend Yield 0.43 %
  • ROCE 11.7 %
  • ROE 23.5 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 35.8% CAGR over last 5 years

Cons

  • Stock is trading at 7.86 times its book value
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Revenue 7,227 6,648 6,513 6,656 6,851 6,742 7,731 8,537 8,626 9,281 9,970 10,784 11,360
Interest 2,547 2,498 2,358 2,363 2,196 2,254 2,398 2,535 2,568 2,645 2,971 3,351 3,592
3,320 2,758 2,785 2,662 2,747 3,035 3,236 3,040 2,691 3,023 3,128 3,305 3,378
Financing Profit 1,359 1,392 1,370 1,632 1,908 1,454 2,098 2,962 3,367 3,612 3,871 4,129 4,390
Financing Margin % 19% 21% 21% 25% 28% 22% 27% 35% 39% 39% 39% 38% 39%
4 2 7 2 4 1 1 2 3 2 2 2 5
Depreciation 85 84 72 80 90 89 95 97 104 111 121 119 134
Profit before tax 1,278 1,310 1,305 1,555 1,823 1,366 2,004 2,868 3,265 3,503 3,752 4,012 4,261
Tax % 26% 27% 26% 26% 26% 27% 26% 26% 26% 26% 26% 26% 26%
Net Profit 948 962 965 1,146 1,347 1,002 1,481 2,125 2,420 2,596 2,781 2,973 3,158
EPS in Rs 15.76 15.99 16.01 19.02 22.35 16.61 24.54 35.21 39.96 42.88 45.93 49.11 52.16
Gross NPA % 1.61% 1.40% 1.03% 0.55% 1.79% 2.96% 2.45% 1.73% 1.60% 1.25% 1.17% 1.14% 0.94%
Net NPA % 0.65% 0.50% 0.37% 0.19% 0.75% 1.46% 1.10% 0.78% 0.68% 0.51% 0.44% 0.41% 0.34%
Raw PDF

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
Revenue 5,392 7,299 9,970 12,746 18,487 26,374 26,673 31,633 41,397
Interest 2,274 2,959 3,853 4,696 6,723 9,608 9,519 9,848 12,560
1,752 2,354 3,250 4,115 5,454 9,159 10,839 11,880 12,834
Financing Profit 1,367 1,986 2,867 3,935 6,310 7,608 6,314 9,905 16,003
Financing Margin % 25% 27% 29% 31% 34% 29% 24% 31% 39%
26 35 22 10 13 9 3 -17 10
Depreciation 36 56 71 102 144 295 325 385 485
Profit before tax 1,357 1,965 2,817 3,843 6,179 7,322 5,992 9,504 15,528
Tax % 34% 35% 35% 35% 35% 28% 26% 26% 26%
Net Profit 898 1,279 1,836 2,496 3,995 5,264 4,420 7,028 11,508
EPS in Rs 17.90 23.74 33.40 43.19 69.12 87.48 73.35 116.09 190.07
Dividend Payout % 10% 10% 11% 9% 9% 11% 14% 17% 16%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: 16%
TTM: 31%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 30%
TTM: 63%
Stock Price CAGR
10 Years: 47%
5 Years: 27%
3 Years: 43%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 19%
Last Year: 23%

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
50 54 109 115 115 120 120 121 121
Reserves 4,750 7,271 9,491 15,733 19,582 32,208 36,798 43,592 54,251
26,655 37,025 49,250 66,557 101,588 129,806 131,634 165,232 216,690
1,325 2,624 4,881 2,393 2,948 2,257 2,918 3,561 4,166
Total Liabilities 32,780 46,973 63,731 84,798 124,233 164,391 171,470 212,505 275,229
252 290 366 470 695 1,321 1,316 1,716 2,373
CWIP 0 0 0 0 0 0 51 34 15
Investments 326 1,029 4,070 3,139 8,599 17,544 18,397 12,246 22,752
32,201 45,654 59,295 81,189 114,939 145,526 151,707 198,509 250,089
Total Assets 32,780 46,973 63,731 84,798 124,233 164,391 171,470 212,505 275,229

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
-7,064 -9,870 -10,439 -20,566 -29,062 -24,412 -807 -37,029 -42,140
-360 -687 -3,047 1,075 -5,379 -8,758 -429 6,347 5,949
6,867 11,656 12,513 19,503 34,449 34,167 1,741 32,240 50,675
Net Cash Flow -557 1,100 -972 13 9 998 505 1,558 14,483

Ratios

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
ROE % 21% 22% 20% 22% 20% 13% 17% 23%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
56.20 56.12 56.12 56.12 56.03 56.03 56.03 55.86 55.86 55.86 55.91 55.91
21.24 21.31 23.89 24.06 24.03 23.64 22.85 21.41 19.98 20.49 19.87 19.16
10.11 10.70 9.07 9.08 9.33 9.73 10.11 11.22 12.03 12.09 12.37 12.92
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.07 0.07 0.07
12.22 11.55 10.64 10.57 10.40 10.42 10.91 11.15 11.84 11.26 11.60 11.75
0.22 0.32 0.28 0.17 0.21 0.17 0.10 0.36 0.29 0.22 0.18 0.17

* 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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