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Company details
7,352.00
7,660.00
6,187.80
8,192.00
6M Return 18.06%
1Y Return 2.25%
Mkt Cap.(Cr) 470,344.11
Volume 2,208,438
Div Yield 0.47%
OI
-
OI Chg %
-
Volume 2,208,438
- Research Report
- Quick Results Snapshot
- SWOT Analysis
- Our Research View
- Financials
- Comparison
- Information
- FAQs
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Bajaj Finance Ltd Research Report
Healthy quarter, management rigour holds key for future…
About The Stock
- Bajaj Finance maintained strong operating metrics over various credit, rate cycles leading to >19% RoE, >4% RoA and maintains that guidance also
Bajaj Finance, a strong NBFC with digital footprints, made a strong comeback with AUM growth reaching ~26-28% YoY. Harnessing its large franchise base digitally offers a huge opportunity. Housing forms 31% of the book.
Q4FY23
- AUM grew 25% YoY (core AUM grew 29% YoY), NII growth at 23.8% YoY to ₹7433 crore, marginal uptick in cost of funds
- Asset quality has improved with Q4 GNPA and NNPA ratio declining to 0.94% and 0.34% from 1.14% and 0.41%, respectively, in Q3FY23
- PAT grew 30% YoY, 6% QoQ to ₹ 3156 crore, with RoE at 24% and RoA at 5.4% (annualised)
In line performance; robust long term guidance maintained.
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Quick Results Snapshot
Bajaj Finance announced Q1FY25 results:
- Number of new loans booked grew by 10% in Q1FY25 to 10.97 million as against 9.94 million in Q1FY24. The Company resumed sanction and disbursal of loans under 'eCOM' and 'lnsta EMI Card' and issuance of EMI cards after the RBI removed the restrictions on these businesses on 2nd May 2024.
- Customer franchise stood at 88.11 million as of 30 June 2024 as cornpared to 72.98 million as of 30 June 2023, a growth of 21%. The Company's customer franchise grew by 4.47 million in Q1FY25.
- Assets under management (AUM) grew by 31 % to Rs 3,54,192 crore as of 30 June 2024 from Rs 2,70,097 crore as of 30 June 2023. AUM grew by Rs 23,577 crore in Q1FY25.
- Net interest income increased by 25% in Q1FY25 to ~Rs 8,365 crore from Rs 6,717 crore in Q1FY24.
- Net total income increased by 24% in Q1FY25 to Rs 10,418 crore from Rs 8,397 crore in Q1FY24.
- Operating expenses to net total income for Q1FY25 was 33.3% as against 34.0% in Q1FY24.
- Pre-provisioning operating profit increased by 25% in Q1FY25 to Rs 6,947 crore from Rs 5,543 crore in Q1FY24.
- Loan losses and provisions for Q1FY25 as Rs 1,685 crore as again Rs 995 crore in Q1FY24.
- Profit before tax increased by 16% in Q1FY25 to Rs 5,265 crore from Rs 4,551 crore in Q1FY24.
- Profit after tax increased by 14% in Q1FY25 to Rs 3,912 crore from Rs 3,437 crore in Q1FY24 due to one time reversal of deferred tax liability of Rs 73 crore in Q1FY24.
- Gross NPA and Net NPA as of 30 June 2024 stood at 0.86% and 0.38% respectively, as against 0:87% and 0.31 % as of 30 June 2023. The Company has provisioning coverage ratio of 56% on stage 3 assets.
- Capital adequacy ratio (CRAR) (including Tier-II capital) as of 30 June 2024 was 21 .65%. The Tier-I capital was 20.73%.
- The Company enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL, ICRA, CARE and India Ratings, A1 for short-term debt programme from CRISIL, ICRA and India Ratings and AAA (Stable) for its fixed deposits programme from CRISIL and ICRA.
- The Company has been assigned long-term issuer rating of BBB-/Stable and short-term issuer rating of A-3 by S&P Global ratings.
View Other Company Results
Bajaj Finance Ltd shares SWOT Analysis
- SWOT
- TECHNICALS
- DEALS
- SHAREHOLDING
Strengths (7)
- Strong Momentum: Price above short, medium and long term moving averages
- Increasing Revenue every Quarter for the past 4 Quarters
- Increasing profits every quarter for the past 4 quarters
Weakness (4)
- Companies with High Debt
- MFs decreased their shareholding last quarter
- Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
Opportunity (3)
- Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
- RSI indicating price strength
- High Volume, High Gain
Threats (2)
- Companies with growing costs YoY for long term projects
- Increase in Provisions in Recent Results
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Resistance and support
R1 7,721.7
R2 7,844.8
R3 8,029.7
Pivot
7,536.83
S1 7,413.7
S2 7,228.8
S3 7,105.7
EMA
SMA
7,167.8
7,011.2
6,975.0
6,986.0
7,098.8
6,925.1
6,942.5
6,988.3
Delivery and volume
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OUR RESEARCH VIEW
Investment recommendation
Healthy quarter, management rigour holds key for future…
Call Date
27 Apr 2023
Entry Price 6,200.00
Target Price 7,250.00
Duration
12-18 Month
BUY View Report
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FINANCIALS
- PROFIT AND LOSS STATEMENT
- BALANCE SHEET
- QUARTERLY RESULT
- RATIO
Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Bajaj Finance Ltd Stocks COMPARISON
| Financials( ₹ in Cr) | Bajaj Finance Ltd | Bajaj Finserv Ltd | Jio Financial Services Ltd | Indian Railway Finance Corporation Ltd | Power Finance Corporation Ltd |
|---|---|---|---|---|---|
| Price | 7,598.50 | 1,894.45 | 351.90 | 167.25 | 499.50 |
| % Change | 2.29 | 2.13 | 0.60 | 0.14 | -1.34 |
| Mcap ₹ Cr | 470,344.11 | 302,479.63 | 223,572.06 | 218,570.76 | 164,840.09 |
| Revenue TTM ₹ Cr | 54,971.56 | 110,382.29 | 1,854.68 | 26,645.47 | 91,508.00 |
| Net Profit TTM ₹ Cr | 14,451.17 | 15,595.36 | 1,604.55 | 6,412.10 | 26,461.18 |
| PE TTM | 31.50 | 36.24 | 140.78 | 33.92 | 7.96 |
| 1 Year Return | 2.25 | 22.82 | 44.07 | 101.99 | 120.71 |
| ROCE | 11.92 | 13.15 | 0.03 | 5.73 | 10.18 |
| ROE | 22.05 | 29.22 | 0.02 | 13.66 | 28.56 |
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INSIDER & INSTITUTIONAL ACTIVITY
Equity Capital: 76,398.14 Cr FV: 2.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 22,384.71 | 56,383.67 |
| LAST 3M | 80,557.53 | 41,828.42 |
| LAST 6M | 192,671.70 | 54,636.06 |
| LAST 12M | 326,637.89 | 111,035.44 |
- ANNOUNCEMENT
- CORPORATE ACTION
Bajaj Finance Limited - ESOP/ESOS/ESPS
Sep 13, 2024 l NSE Announcement
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| Date | Action Type | Ratio |
|---|---|---|
| Jun 21, 2024 | Dividend | 1800 |
| Jun 30, 2023 | Dividend | 1500 |
| Jun 30, 2022 | Dividend | 1000 |
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Bajaj Finance Ltd Information
- ABOUT COMPANY
- COMPANY INFO
- LISTING INFO
Stock PE (TTM)
31.5
Promoter Holding
54.7%
Book Value
1234.2293
ROCE
11.92%
ROE
22.05%
Description
Bajaj Finance Ltd. is a Pune-based finance company operating in the NBFC sector. It has a market capitalisation worth Rs. 453,505 crore as of April 4, 2022. On March 25, 1987, the company was incorporated as Bajaj Auto Finance Limited. As of December 2021, it reported consolidated net sales worth Rs. 8,532.58 crore, up 28.19% Y-o-Y. The company is listed on the Bombay Stock Exchange (BSE) with the code 500034 and the National Stock Exchange (NSE) with the code BAJFINANCE.
Bajaj Finance Ltd. (BFL) is a subsidiary of Bajaj Finserv. It is involved in the business of lending and the acceptance of deposits. The company’s portfolio is diversified across retail, commercial, and SME customers with a significant presence in urban and rural India. Its primary revenue segments include interest, income from the sale of shares and securities, fees and commission income, and other operating revenue and service charges.
The company was founded by Mr. Rahul Bajaj, who received the Padma Bhushan in 2001. Currently, Mr. Sanjiv Bajaj is the Chairman, and Mr. Rajeev Jain is the Managing Director. Mr. Sanjiv Bajaj received the coveted Business Leader of the Year Award at the ET Awards 2018. He was also the recipient of the EY Entrepreneur of the Year Award in 2017.
Bajaj Finserv Ltd., the parent company, holds 52.65% of the total Bajaj Finance shares. Maharashtra Scooters Ltd., Government of Singapore, AXIS Long Term Equity Fund, and Smallcap World Fund INC are some of the other major investors. The FII, DII, and public holding is 22.85%, 10.11%, and 10.9%, respectively. The PE ratio of Bajaj Finance Ltd. as of April 4, 2022, is 75.36, while the PB ratio is 0.09.
Investors compare Bajaj Finance Ltd. with Mahindra & Mahindra Financial Services Ltd., Bajaj Holdings, HDFC, SBI Cards, and Dhani Services Ltd. The Bajfinance share price has gone down by 2.66% over the last six months.
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Registered Address
Mumbai-Pune Road, Akurdi, Pune, Maharashtra, 411035
| Tel | : | 91-20-30405060/71576403 |
| : | investor.service:bajajfinserv.in | |
| Website | : | http://www.aboutbajajfinserv.com/finance-about-us |
Registrar
Karvy Computershare Pvt Ltd
| AGM Date (Month) | : | Jul |
| Face Value Equity Shares | : | 2 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 500034 |
| NSE Code | : | BAJFINANCE |
| Book Closure Date (Month) | : | |
| BSE Group | : | A |
| ISIN | : | INE296A01024 |
FAQ’s on Bajaj Finance Ltd Shares
FAQ’s on Bajaj Finance Ltd SharesHow can I buy Bajaj Finance Ltd share?
You can buy Bajaj Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bajaj Finance Ltd Share.
What is the share price of Bajaj Finance Ltd?
Company share prices and volatile and keep changing according to the market conditions. As of Sep 13, 2024 04:00 PM the closing price of Bajaj Finance Ltd was Rs.7,598.50.
What is the market cap of Bajaj Finance Ltd ?
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Sep 13, 2024 04:00 PM, the market cap of Bajaj Finance Ltd stood at Rs. 470,344.11 Cr.
What is the PE ratio of Bajaj Finance Ltd ?
The latest PE ratio of Bajaj Finance Ltd as of Sep 13, 2024 04:00 PM is 31.50
What is the PB ratio of Bajaj Finance Ltd ?
The latest PB ratio of Bajaj Finance Ltd as of Sep 13, 2024 04:00 PM is 0.16
What is the 52 - week high and low of Bajaj Finance Ltd Share Price?
The 52-week high of Bajaj Finance Ltd share price is Rs. 8,192.00 while the 52-week low is Rs. 6,187.80
Is Bajaj Finance Ltd Share a good buy for the long term ?
According to analyst recommendations, Bajaj Finance Ltd Share has a "Buy" rating for the long term.
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