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 88.4% 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 delivered good sales growth of 53.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 46.1%
CONS
- Recent results are weak - TTM profit is down 49.0% versus prior year
- Effective tax rate is unusually low at 5.4% - earnings may be flattered
- Growth is decelerating - 3Y profit CAGR (40.1%) trails the 5Y trend (88.4%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCE | 1040.00 | 31.89 | 647499.25 | 0.58 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| SHRIRAMFIN | 1029.35 | 21.40 | 242204.36 | 1.05 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| CHOLAFIN | 1829.00 | 27.16 | 156208.67 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| TATACAP | 362.95 | 28.51 | 154067.52 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| JIOFIN | 231.00 | 73.81 | 152532.57 | 0.26 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| BAJAJHLDNG | 11093.25 | 13.94 | 123460.67 | 1.76 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| MUTHOOTFIN | 2820.00 | 9.95 | 113214.11 | 1.06 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| ABCAPITAL | 398.80 | 26.60 | 109173.43 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| LTF | 310.20 | 24.43 | 77747.06 | 0.89 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| SBICARD | 670.00 | 28.02 | 63760.09 | 0.37 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| HDBFS | 674.90 | 25.77 | 56068.33 | 0.59 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| SUNDARMFIN | 4724.30 | 23.65 | 52488.80 | 0.85 | 636.19 | 33.88 | 2644.13 | 23.37 | 9.35 | 80.61 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 94 | 1,659 | 96 | 90 | 120 | 1,124 | 115 | 133 | 290 | 2,496 | 276 | 49 | 386 | |
| 32 | 28 | 31 | 31 | 41 | 44 | 29 | 40 | 40 | 42 | 40 | 36 | 63 | |
| Operating Profit | 67 | 1,636 | 70 | 1,218 | 84 | 1,085 | 91 | 98 | 4,221 | 2,459 | 241 | 18 | 334 |
| OPM % | 70.98% | 98.64% | 73.47% | 1357.39% | 70.32% | 96.57% | 79.46% | 73.81% | 1456.51% | 98.51% | 87.29% | 37.19% | 86.53% |
| Other Income | 15 | 15 | 24 | 10 | 14 | 14 | 31 | 29 | 13 | 13 | 13 | 15 | 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 |
| 73 | 1,643 | 86 | 1,219 | 90 | 1,090 | 114 | 119 | 2,243 | 2,464 | 245 | 25 | 349 | |
| Tax % | 24.57% | 4.36% | 23.44% | 1.21% | 26.41% | 3.60% | 26.29% | 23.62% | 9.23% | 11.48% | 26.22% | -1141.40% | 1.31% |
| Net Profit | 55 | 1,571 | 66 | 1,204 | 66 | 1,051 | 84 | 91 | 2,036 | 2,181 | 181 | 310 | 344 |
| 5 | 141 | 6 | 108 | 6 | 94 | 8 | 8 | 183 | 196 | 16 | 28 | 3 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 880 | 949 | 999 | 2,164 | 367 | 1,776 | 1,875 | 3,112 | 1,513 | 3,131 | 3,207 | |
| 211 | 64 | 90 | 114 | 86 | 97 | 119 | 121 | 154 | 158 | 181 | |
| Operating Profit | 670 | 885 | 909 | 2,050 | 282 | 1,679 | 1,756 | 2,991 | 1,359 | 2,973 | 3,026 |
| OPM % | 76.07% | 93.21% | 91.03% | 94.74% | 76.66% | 94.53% | 93.63% | 96.11% | 89.80% | 94.95% | 94.36% |
| 8 | 5 | 5 | 42 | 64 | 57 | 62 | 64 | 87 | 2,037 | 66 | |
| Interest | 0 | 0 | 0 | 13 | 4 | 3 | 7 | 2 | 1 | 1 | 1 |
| Depreciation | 5 | 5 | 4 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 35 |
| Profit before Tax | 672 | 884 | 910 | 2,048 | 310 | 1,701 | 1,779 | 3,021 | 1,413 | 4,977 | 3,083 |
| Tax % | 19.97% | 9.52% | 13.35% | 10.80% | 35.92% | 4.15% | 3.78% | 4.12% | 8.56% | 5.40% | 2.16% |
| Net Profit | 538 | 800 | 788 | 1,827 | 199 | 1,631 | 1,712 | 2,896 | 1,292 | 4,708 | 3,016 |
| EPS | 48.40 | 71.90 | 70.80 | 164.10 | 17.80 | 146.50 | 153.80 | 260.26 | 116.08 | 423.02 | — |
| Dividend Payout % | 67.21% | 55.65% | 45.89% | 24.37% | 224.16% | 78.49% | 79.98% | 50.33% | 80.12% | 46.10% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 53%
- 3 Years:
- 19%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 14%
- 5 Years:
- 88%
- 3 Years:
- 40%
STOCK PRICE CAGR
- 10 Years:
- 20%
- 5 Years:
- 21%
- 3 Years:
- 15%
- 1 Year:
- -16%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 13%
- 3 Years:
- 15%
- Last Year:
- 20%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 7,225 | 10,110 | 10,878 | 10,581 | 13,905 | 15,277 | 15,554 | 18,724 | 19,261 | 27,196 | |
| 26 | 20 | 0 | 0 | 0 | 0 | 0 | 48 | 21 | 26 | |
| Trade Payables | 1 | 0 | 1 | 4 | 1 | 4 | 2 | 3 | 5 | 4 |
| 40 | -141 | -84 | 185 | 486 | 677 | 654 | 816 | 465 | 906 | |
| Total Liabilities | 7,402 | 10,101 | 10,906 | 10,881 | 14,503 | 16,069 | 16,321 | 19,701 | 19,863 | 28,243 |
| 7 | 6 | 6 | 175 | 147 | 120 | 92 | 63 | 36 | 17 | |
| 7,090 | 9,597 | 10,295 | 10,335 | 14,020 | 15,492 | 15,724 | 19,289 | 18,432 | 27,955 | |
| Cash & Bank | 6 | 81 | 10 | 30 | 27 | 28 | 34 | 39 | 81 | 11 |
| 299 | 417 | 595 | 341 | 309 | 429 | 471 | 310 | 1,315 | 260 | |
| Total Assets | 7,402 | 10,101 | 10,906 | 10,881 | 14,503 | 16,069 | 16,321 | 19,701 | 19,863 | 28,243 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -747 | 1,816 | 725 | 1,922 | 331 | 1,748 | 1,793 | 1,875 | -1,987 | 4,673 | |
| Cash from Investing | -383 | -1,123 | -163 | -844 | -188 | -106 | -133 | -460 | 3,019 | -3,676 |
| Cash from Financing | -110 | -432 | -536 | -988 | -35 | -1,475 | -1,532 | -1,402 | -990 | -1,066 |
| -1,406 | 74 | -72 | 17 | 2 | -0 | 4 | 13 | 42 | -70 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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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