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74% Buy

Bajaj Finance Share Price

BAJFINANCE

₹6,738.00+₹10.60 (0.16%) TodayLast updated on 18 May, 2024 | 12:48 PM IST
₹6,725.00₹6,758.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹4,12,829 Cr

Open

₹6,725.00

Close

₹6,727.40

Circuit range

₹7,063.75 - ₹6,391.05

Day range

₹6,725.00 - ₹6,758.00

Year range

₹6,187.80 - ₹8,192.00

Volume

49,892

Avg. traded

₹6,740.49

Revenue (12m)

₹54,885 Cr

Bajaj Finance

Bajaj Finance Limited is a leading non-banking financial company (NBFC) with a customer base of more than 7.6 crore. The Pune-headquartered company caters to a diverse group of customers in both retail and enterprise segments. The company offers various financial solutions including loans, overdrafts, credit cards and insurance services. The NBFC is primarily engaged in lending and acceptance of deposits. Its lending portfolio caters to retail, SME and commercial customers.

Bajaj Finance primarily focuses on retail financing, offering loans for various needs like two-wheelers, cars and consumer durables. The company offers insurance products and other savings instruments. The Bajaj Group NBFC has also diversified into IPO financing for high-net-worth clients and housing finance. The company offers loans for building residential and commercial properties for both individuals and developers.

The company was initially incorporated as Bajaj Auto Finance Ltd in March 1987 as an NBFC to cater to two and three-wheeler financing. In 1988, it was registered as a public limited company. Bajaj Auto Finance launched its initial public offering (IPO) in 1994. Shares of the company were listed on NSE and BSE.

After the demerger of Bajaj Auto Ltd the shareholding of the company was vested with Bajaj Finserv Limited. Bajaj Auto Finance was renamed as Bajaj Finance Limited in 2010 and subsequently diversified into retail loans, SME lending, commercial loans and wealth management.

Bajaj Finserv Limited, the parent company, owns 52.49% stake in Bajaj Finance Ltd (as on September 30, 3023). Other significant investors comprise Maharashtra Scooters Limited, the Monetary Authority of Singapore, Nomura Securities, BNP Paribas, Smallcap World Fund INC and AXIS Long Term Equity Fund.

The market capitalisation of Bajaj Finance Ltd stood at ₹4.5 lakh crore as of December 12, 2023. Bajaj Finance share price has soared more than 51% in the last three years.

Bajaj Finance business operations

Since its inception, the company has launched 22 product lines and 46 product variants for retail, MSME and commercial consumers.

The company offers services through its omnichannel presence which includes geographic expansion, Bajaj Finserv app, Bajaj Finserv website and Customer data platform (CDP). The company’s subsidiaries include Bajaj Housing Finance Limited (BHFL) and Bajaj Financial Securities Ltd.

Bajaj Housing Finance Limited holds the highest credit ratings from CRISIL and India Ratings. It's rated AAA/Stable for its long-term debt program and A1+ for its short-term debt instrument by both CRISIL and India Ratings.

In the insurance segment, Bajaj Finance Ltd offers both general and life insurance products.

Financial highlights

  • The consolidated revenue of Bajaj Finance for FY 2022-23 stood at ₹41,397 crore, up 30.8% year-on-year compared to ₹31,632 crore in FY 2021-22.
  • The company reported a net profit of ₹11,506 crore in FY23 as against ₹7,028 crore in FY22.
  • The EBIT (earnings before interest and taxes) stood at ₹28,086 crore in FY23 compared to ₹19,252 crore in the previous fiscal.
  • It made a total capital expenditure of ₹13,319 crore in FY23.
  • The earnings per share (EPS) increased to ₹190.53 in FY23 from ₹116.64 in the preceding financial year.
  • The return on equity (ROE) of Bajaj Finance in FY23 was ₹21.16; in FY22, it stood at ₹16.07.
  • In FY 23, the company’s assets under management (AUM) stood at ₹2,47,379 crore.
  • Its net interest income (NII) increased 32% to ₹28,846 crore in FY23.

Bajaj Finance Key indicators

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52 week high

₹8,192.00

52 week low

₹6,187.80

P/E ratio

28.51

P/B ratio

5.43

ROE

22.23%

ROCE

12.32%

Dividend yield

0.54%

Debt/Equity ratio

3.17

EPS

170.23

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Investment checklist: (3/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

74%

Hold

11%

Sell

15%

This analysis is based on the reviews of 27 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

66.56%

Net profit margin

28.84%

ROE

22.23%

ROA

5.38%

ROCE

12.32%

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Bajaj Finance Shareholder returns

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1 day

-0.29%

1 week

+0.65%

1 month

-3.26%

3 months

+1.63%

1 year

+0.33%

3 years

+23.89%

5 years

+103.79%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Bajaj Finance Share Price history

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DayOpenCloseDay’s change

Shareholding info

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Promoters (54.69%)

Mutual Funds (9.56%)

Retail and other (10.34%)

Foreign institutions-FII (20.55%)

Other domestic institutions (4.85%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹30/share

    Ex date 30 Jun 2023

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  • Dividend • ₹20/share

    Ex date 30 Jun 2022

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  • Dividend • ₹36/share

    Ex date

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Frequently asked questions