Bajaj Finance Ltd

About [ edit ]

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)

  • Market Cap 317,256 Cr.
  • Current Price 5,265
  • High / Low 5,922 / 1,783
  • Stock P/E 78.9
  • Book Value 569
  • Dividend Yield 0.19 %
  • ROCE 12.0 %
  • ROE 20.2 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 42.44% CAGR over last 5 years

Cons

  • Stock is trading at 9.25 times its book value
  • Company has low interest coverage ratio.

Peer comparison

Sector: Finance Industry: Finance & Investments

Loading peers table ...

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
Revenue 3,488 3,936 4,261 4,985 5,294 5,805 6,322 7,020 7,227 6,648 6,513 6,656
Interest 1,227 1,359 1,565 1,786 1,913 2,113 2,323 2,489 2,547 2,498 2,358 2,363
1,091 1,252 1,240 1,530 1,532 1,780 1,907 2,289 3,320 2,758 2,785 2,662
Financing Profit 1,170 1,325 1,456 1,670 1,849 1,912 2,092 2,241 1,359 1,392 1,370 1,632
Financing Margin % 34% 34% 34% 34% 35% 33% 33% 32% 19% 21% 21% 25%
Other Income 4 2 12 7 4 2 1 4 4 2 7 2
Depreciation 29 29 33 41 41 63 71 76 85 84 72 80
Profit before tax 1,144 1,297 1,435 1,636 1,812 1,851 2,022 2,170 1,278 1,310 1,305 1,555
Tax % 35% 36% 36% 35% 35% 35% 26% 26% 26% 27% 26% 26%
Net Profit 748 836 923 1,060 1,176 1,195 1,506 1,614 948 962 965 1,146
EPS in Rs 12.93 14.46 15.98 18.33 20.35 20.61 25.98 26.83 15.76 15.99 16.01 19.02
Gross NPA % 1.41% 1.39% 1.49% 1.55% 1.54% 1.60% 1.61% 1.61% 1.61% 1.40% 1.03% 0.55%
Net NPA % 0.43% 0.44% 0.53% 0.62% 0.63% 0.64% 0.65% 0.70% 0.65% 0.50% 0.37% 0.19%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 5,392 7,299 9,970 12,746 18,487 26,375 27,044
Interest 2,274 2,959 3,853 4,696 6,723 9,608 9,766
1,752 2,354 3,250 4,115 5,454 9,159 11,525
Financing Profit 1,367 1,986 2,867 3,935 6,310 7,609 5,754
Financing Margin % 25% 27% 29% 31% 34% 29% 21%
Other Income 26 35 22 10 13 8 15
Depreciation 36 56 71 102 144 295 321
Profit before tax 1,357 1,965 2,817 3,843 6,179 7,322 5,448
Tax % 34% 35% 35% 35% 35% 28%
Net Profit 898 1,279 1,836 2,496 3,995 5,264 4,021
EPS in Rs 17.90 23.74 33.40 43.19 69.12 87.48 66.78
Dividend Payout % 10% 10% 11% 9% 9% 11%
Compounded Sales Growth
10 Years:%
5 Years:37%
3 Years:38%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:42%
3 Years:42%
TTM:-27%
Stock Price CAGR
10 Years:56%
5 Years:53%
3 Years:47%
1 Year:18%
Return on Equity
10 Years:%
5 Years:21%
3 Years:21%
Last Year:20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
50 54 109 115 115 120 120
Reserves 4,750 7,271 9,491 15,733 19,582 32,208 34,164
Borrowings 26,655 37,025 49,250 66,557 101,588 129,806 124,900
1,325 2,624 4,881 2,393 2,948 2,257 3,253
Total Liabilities 32,780 46,973 63,731 84,798 124,233 164,391 162,437
252 290 366 470 695 1,321 1,285
CWIP 0 0 0 0 0 0 0
Investments 326 1,029 4,070 3,139 8,599 17,544 23,365
32,201 45,654 59,295 81,189 114,939 145,526 137,788
Total Assets 32,780 46,973 63,731 84,798 124,233 164,391 162,437

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-7,064 -9,870 -10,439 -20,566 -29,062 -24,426
-360 -687 -3,047 1,075 -5,379 -8,757
6,867 11,656 12,513 19,503 34,449 34,181
Net Cash Flow -557 1,100 -972 13 9 998

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 21% 22% 20% 22% 20%

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
55.14 55.14 55.15 55.15 55.17 58.26 58.26 56.15 56.20 56.20 56.12 56.12
19.46 20.05 20.08 20.07 20.67 21.28 20.65 22.22 21.16 21.24 21.31 23.89
8.98 8.80 8.64 8.85 8.50 8.26 8.58 10.46 10.89 10.11 10.70 9.07
15.94 15.64 15.86 15.68 15.47 11.78 12.14 10.87 11.46 12.22 11.55 10.64
0.49 0.38 0.26 0.24 0.19 0.42 0.37 0.30 0.29 0.22 0.32 0.28

Documents

Add document