Bajaj Holdings & Investment Ltd.
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ABOUT
AI Sector View
AI GENERATEDFinancial Services
Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.
PROS
- Company has delivered good profit growth of 21.8% CAGR over last 5 years
- Solid return on assets for a lender - ROA of 19.6%
- Asset quality is healthy - gross NPA of just 0.0%
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 21.8% CAGR over last 5 years
CONS
- Effective tax rate is unusually low at 2.7% - earnings may be flattered
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCE | 1034.20 | 31.71 | 643888.19 | 0.58 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| SHRIRAMFIN | 1028.00 | 21.37 | 241893.03 | 1.05 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| CHOLAFIN | 1845.00 | 27.40 | 157575.18 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| TATACAP | 362.80 | 28.50 | 154003.85 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| JIOFIN | 230.00 | 73.49 | 151872.26 | 0.26 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| BAJAJHLDNG | 11120.70 | 13.97 | 123766.17 | 1.75 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| MUTHOOTFIN | 2794.40 | 9.86 | 112186.35 | 1.07 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| ABCAPITAL | 398.60 | 26.59 | 109118.68 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| LTF | 309.50 | 24.37 | 77571.61 | 0.89 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| SBICARD | 656.05 | 27.44 | 62432.55 | 0.38 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| HDBFS | 668.65 | 25.53 | 55549.10 | 0.60 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| SUNDARMFIN | 4714.65 | 23.60 | 52381.58 | 0.85 | 636.19 | 33.88 | 2644.13 | 23.37 | 9.35 | 80.61 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 97 | 217 | 99 | 94 | 126 | 273 | 121 | 140 | 320 | 392 | 282 | 55 | 394 | |
| 36 | 33 | 36 | 35 | 61 | 46 | 31 | 42 | 41 | 43 | 41 | 37 | 64 | |
| Operating Profit | 68 | 192 | 72 | 1,177 | 73 | 233 | 96 | 103 | 3,328 | 353 | 247 | 24 | 2,700 |
| OPM % | 70.30% | 88.45% | 72.60% | 1257.84% | 57.75% | 85.27% | 79.12% | 73.95% | 1040.84% | 90.19% | 87.29% | 42.55% | 684.72% |
| Other Income | 15 | 15 | 24 | 10 | 14 | 14 | 32 | 87 | 13 | 13 | 13 | 16 | 25 |
| Interest | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 11 |
| 74 | 198 | 87 | 1,177 | 78 | 238 | 119 | 181 | 1,810 | 358 | 251 | 31 | 2,714 | |
| Tax % | 24.57% | 37.33% | 23.47% | 1.27% | 4.75% | 20.52% | 26.15% | 21.26% | 11.04% | 79.78% | 26.19% | -916.70% | 0.24% |
| Net Profit | 0 | 0 | 0 | 0 | 16,145 | 15,104 | 17,500 | 17,508 | 35,038 | 16,899 | 20,182 | 25,770 | 2,708 |
| 127 | 134 | 148 | 244 | 145 | 129 | 157 | 155 | 313 | 140 | 181 | 231 | 24 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 842 | 420 | 432 | 393 | 399 | 430 | 464 | 1,649 | 684 | 1,070 | 1,124 | |
| 214 | 65 | 90 | 134 | 106 | 117 | 142 | 140 | 180 | 162 | 185 | |
| Operating Profit | 628 | 355 | 342 | 259 | 294 | 312 | 322 | 1,508 | 505 | 907 | 939 |
| OPM % | 74.54% | 84.61% | 79.24% | 65.95% | 73.56% | 72.67% | 69.39% | 91.49% | 73.72% | 84.83% | 83.54% |
| 8 | 5 | 5 | 42 | 64 | 57 | 63 | 65 | 147 | 1,576 | 66 | |
| Interest | 0 | 0 | 0 | 13 | 4 | 3 | 7 | 2 | 1 | 1 | 1 |
| Depreciation | 5 | 5 | 4 | 33 | 34 | 34 | 34 | 34 | 34 | 32 | 35 |
| Profit before Tax | 630 | 2,739 | 3,170 | 3,314 | 3,766 | 4,226 | 5,012 | 7,493 | 6,748 | 10,057 | 3,355 |
| Tax % | 21.35% | 3.09% | 3.84% | 7.05% | 2.96% | 2.37% | 1.30% | 1.70% | 1.81% | 2.66% | 2.21% |
| Net Profit | 496 | 2,655 | 3,048 | 3,080 | 3,654 | 4,126 | 4,946 | 7,365 | 6,626 | 9,789 | 3,281 |
| EPS | 222.20 | 238.50 | 273.90 | 268.80 | 327.90 | 364.40 | 435.80 | 653.00 | 585.92 | 865.91 | — |
| Dividend Payout % | 14.62% | 16.77% | 11.87% | 14.88% | 12.20% | 31.56% | 28.22% | 20.06% | 15.87% | 22.52% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 22%
- 3 Years:
- 32%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 16%
- 5 Years:
- 21%
- 3 Years:
- 26%
STOCK PRICE CAGR
- 10 Years:
- 20%
- 5 Years:
- 21%
- 3 Years:
- 16%
- 1 Year:
- -15%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 12%
- 3 Years:
- 14%
- Last Year:
- 14%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 |
| Minority Interest | 0 | 0 | 0 | 4,536 | 6,951 | 8,738 | 7,380 | 8,724 | 9,982 | 9,268 |
| 17,707 | 25,090 | 26,841 | 27,652 | 37,056 | 42,731 | 44,071 | 54,136 | 62,576 | 73,039 | |
| 28 | 18 | 0 | 0 | 0 | 0 | 0 | 48 | 21 | 26 | |
| Trade Payables | 1 | 0 | 1 | 5 | 3 | 4 | 2 | 3 | 5 | 4 |
| 42 | -138 | -83 | 424 | 1,369 | 2,003 | 1,623 | 2,139 | 2,571 | 2,739 | |
| Total Liabilities | 17,889 | 25,081 | 26,870 | 32,729 | 45,490 | 53,588 | 53,188 | 65,161 | 75,266 | 85,187 |
| 8 | 6 | 6 | 191 | 161 | 132 | 104 | 73 | 36 | 17 | |
| 17,560 | 24,575 | 26,257 | 32,068 | 44,914 | 52,964 | 52,555 | 64,715 | 73,808 | 84,865 | |
| 0 | 0 | 0 | 3 | 4 | 6 | 4 | 4 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | |
| Cash & Bank | 13 | 81 | 10 | 112 | 83 | 33 | 39 | 46 | 89 | 20 |
| 307 | 418 | 597 | 355 | 328 | 452 | 486 | 322 | 1,332 | 286 | |
| Total Assets | 17,889 | 25,081 | 26,870 | 32,729 | 45,490 | 53,588 | 53,188 | 65,161 | 75,266 | 85,187 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -757 | 1,818 | 726 | 1,993 | 379 | 1,804 | 1,849 | 1,941 | -1,957 | 4,780 | |
| Cash from Investing | -372 | -1,123 | -163 | -800 | -308 | -151 | -137 | -472 | 3,054 | -3,695 |
| Cash from Financing | -110 | -434 | -536 | -1,028 | -37 | -1,460 | -1,587 | -1,455 | -1,055 | -1,156 |
| -1,406 | 74 | -72 | 92 | -73 | -1 | 4 | 14 | 43 | -71 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-01 - Bajaj Holdings & Investment Limited has informed the Exchange regarding change in Registered Office of the Company.
2026-08-03 - Bajaj Holdings & Investment Limited has submitted the Exchange a copy Srutinizer's report of Annual General Meeting held on 31 July 2026. Further, the company has informed the Exchange regarding voting results.
2026-07-31 - Bajaj Holdings & Investment Limited has informed the Exchange regarding Proceedings of 81st Annual General Meeting held on 31 July 2026
2026-07-31 - Bajaj Holdings & Investment Limited has submitted to the Exchange, the unaudited financial results for the period ended 30 June 2026.
2026-07-13 - Bajaj Holdings & Investment Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 June 2026.
2026-07-08 - Bajaj Holdings & Investment Limited has informed the Exchange about Copy of Newspaper Publication regarding 81st Annual General Meeting of the Company to be held on Friday, 31 July 2026 and e-voting Information.
2026-07-07 - Bajaj Holdings & Investment Limited has informed the Exchange regarding Notice of 81st Annual General Meeting to be held on 31 July 2026 through VC facility / OAVM.
2026-06-27 - Bajaj Holdings & Investment Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-06-23 - Bajaj Holdings & Investment Limited has informed the Exchange about copy of Newspaper Publication w.r.t. 81st Annual General Meeting of the Company to be held through Video Conferencing/Other Audio-Visual Means
News
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