Gaja Alternative Asset Management Ltd.

•

gajacapital.comBSE: -NSE: GAJA

Market Cap₹ 2,167 Cr.

Current Price

High / Low₹ 192 / 150

Stock P/E27.2

Book Value₹ 75

Price to Book2.12

Dividend Yield0.49 %

ROCE17.6 %

ROE16.5 %

Face Value₹ 5

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

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.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 40.7% CAGR over last 5 years
Solid return on assets for a lender - ROA of 2.8%
Company has consistently been profitable over the last 5 years
Operating margins have improved to 53.2% from 4.7%
Company has delivered good sales growth of 25.1% CAGR over last 5 years

CONS

Promoter holding has decreased over last 2 years: -20.7pp
A large part of profit comes from other income (25.5% of PBT)
Effective tax rate is unusually low at 6.2% - earnings may be flattered
Growth is decelerating - 3Y profit CAGR (25.7%) trails the 5Y trend (40.7%)
Though reporting repeated profits, the company pays out little dividend (10.6%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BAJFINANCE	1055.00	32.35	656838.18	0.57	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1029.95	21.41	242345.54	1.05	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	TATACAP	367.80	28.89	156126.28	0.15	16281.80	1464.16	88219.30	1051.00	8.66	75.72
4.	CHOLAFIN	1824.90	27.10	155858.50	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
5.	JIOFIN	233.50	74.61	154183.36	0.26	8302.50	2457.29	20044.70	3172.82	2.11	69.71
6.	BAJAJHLDNG	11055.60	13.89	123041.65	1.76	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2896.70	10.23	116293.37	1.04	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	396.20	26.43	108461.67	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	308.50	24.30	77320.98	0.89	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	668.55	27.96	63622.10	0.37	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	682.70	26.07	56716.32	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	GAJA	153.65	27.20	2166.62	0.49	—	—	—	—	17.56	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

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
	58	66	127	48	44	38	56	96	122	136
	40	65	144	64	53	59	53	46	61	63
Operating Profit	18	1	-17	-16	-9	-21	3	49	61	72
OPM %	31.09%	1.71%	-13.41%	-32.79%	-20.17%	-55.82%	4.67%	51.50%	49.84%	53.16%
	0	3	63	61	22	35	58	8	1	22
Interest	0	0	0	0	3	4	1	1	1	4
Depreciation	0	0	0	1	2	1	2	1	2	3
Profit before Tax	18	4	46	44	8	9	58	55	59	87
Tax %	3.74%	-38.60%	24.52%	21.85%	-82.96%	-6.55%	28.83%	18.62%	-5.29%	6.24%
Net Profit	17	5	35	34	15	10	41	45	62	82
EPS	8501.78	2732.99	17624.51	17697.39	7111.21	4565.87	20630.50	21305.71	14750.24	7.06
Dividend Payout %	0.00%	0.00%	22.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.63%

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 25%
3 Years:: 34%

COMPOUNDED PROFIT GROWTH

10 Years:: 19%
5 Years:: 40%
3 Years:: 25%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 14%
3 Years:: 16%
Last Year:: 16%

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	0	0	0	0	0	0	0	0	0	56
Minority Interest	1	1	1	1	1	2	2	2	4	7
	98	98	127	154	176	187	287	332	389	548
	7	5	5	16	46	1	10	7	8	49
Trade Payables	3	4	7	7	2	6	8	8	16	8
	2	-1	-0	2	-0	1	33	40	35	37
Total Liabilities	111	107	140	180	225	196	340	389	452	706
	1	1	1	8	5	1	7	8	6	13
Capital Work in Progress	0	0	4	0	0	0	0	0	0	4
	56	40	54	64	155	95	239	251	238	360
	7	21	0	0	2	3	0	0	0	0
	7	24	10	6	0	33	35	63	132	131
Cash & Bank	33	15	64	88	27	29	13	24	25	106
	6	7	7	14	35	36	44	43	51	92
Total Assets	111	107	140	180	225	196	340	389	452	706

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12	-1	-13	-22	-23	-6	21	-9	-15
Cash from Investing	5	58	46	-74	63	-14	-6	14	-109
Cash from Financing	-2	-8	-9	36	-39	2	-6	-7	152
	15	49	24	-61	2	-19	9	-1	28

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

Shareholding Pattern

Numbers in percentages

	Sep 2016	Sep 2017	Sep 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Aug 2026
	74.90	75.23	73.05	73.05	74.07	69.45	69.43	69.43	54.23
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.81
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.56
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.10	24.77	26.95	26.95	25.93	30.55	30.57	30.57	29.40

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Resignation of Statutory Auditor

2026-09-08 - Gaja Alternative Asset Management Limited has informed the Exchange about Resignation of Statutory Auditor

2026-09-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-04 - Gaja Alternative Asset Management Limited has informed the Exchange about Schedule of meet

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Gaja Alternative Asset Management Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

Shareholders meeting

2026-09-03 - Gaja Alternative Asset Management Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2026

2026-09-03

General Updates

2026-09-03 - Gaja Alternative Asset Management Limited has informed the Exchange about General Updates

2026-09-03

General Updates

2026-09-03 - Gaja Alternative Asset Management Limited has informed the Exchange about General Updates

2026-09-03

Record Date

2026-09-03 - Gaja Alternative Asset Management Limited has informed the Exchange that Record date for the purpose of Dividend is 19-Sep-2026.

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Gaja Alternative Asset Management Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

Change in Auditors

2026-09-03 - Gaja Alternative Asset Management Limited has informed the Exchange regarding Change in Auditors of the company.

News

Recent coverage and analyst commentary for GAJA

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Gaja Alternative Asset Management Ltd.

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Free 5nance Account

Name

BAJFINANCE

1055.00

32.35

656838.18

0.57

6080.60

27.60

23165.45

20.37

10.87

70.70

SHRIRAMFIN

1029.95

21.41

242345.54

1.05

3452.77

59.90

13400.43

17.46

11.49

74.63

TATACAP

367.80

28.89

156126.28

0.15

16281.80

1464.16

88219.30

1051.00

8.66

75.72

CHOLAFIN

1824.90

27.10

155858.50

0.11

1656.22

45.56

8856.29

21.89

9.70

70.07

JIOFIN

233.50

74.61

154183.36

0.26

8302.50

2457.29

20044.70

3172.82

2.11

69.71

BAJAJHLDNG

11055.60

13.89

123041.65

1.76

2708.08

-92.27

394.33

23.34

14.81

684.72

MUTHOOTFIN

2896.70

10.23

116293.37

1.04

2824.84

43.08

8671.60

36.25

15.87

83.76

ABCAPITAL

396.20

26.43

108461.67

0.00

1223.85

43.85

12179.54

137.84

8.82

41.91

LTF

308.50

24.30

77320.98

0.89

915.99

30.70

5212.92

22.38

8.54

62.13

SBICARD

668.55

27.96

63622.10

0.37

664.44

19.51

5040.55

7.60

11.75

29.83

HDBFS

682.70

26.07

56716.32

0.59

785.20

38.31

4937.90

18.71

9.09

57.98

GAJA

153.65

27.20

2166.62

0.49

—

17.56

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

127

122

136

144

Operating Profit

-17

-16

-9

-21

OPM %

31.09%

1.71%

-13.41%

-32.79%

-20.17%

-55.82%

4.67%

51.50%

49.84%

53.16%

Interest

Depreciation

Profit before Tax

Tax %

3.74%

-38.60%

24.52%

21.85%

-82.96%

-6.55%

28.83%

18.62%

-5.29%

6.24%

Net Profit

EPS

8501.78

2732.99

17624.51

17697.39

7111.21

4565.87

20630.50

21305.71

14750.24

7.06

Dividend Payout %

0.00%

22.70%

0.00%

10.63%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

127

154

176

187

287

332

389

548

Trade Payables

-1

-0

Total Liabilities

111

107

140

180

225

196

340

389

452

706

Capital Work in Progress

155

239

251

238

360

132

131

Cash & Bank

106

Total Assets

111

107

140

180

225

196

340

389

452

706

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-1

-13

-22

-23

-6

-9

-15

Cash from Investing

-74

-14

-6

-109

Cash from Financing

-2

-8

-9

-39

-6

-7

152

-61

-19

-1

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2016

Sep 2017

Sep 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Aug 2026

74.90

75.23

73.05

74.07

69.45

69.43

54.23

0.00

2.81

0.00

13.56

Government

0.00

25.10

24.77

26.95

25.93

30.55

30.57

29.40

Gaja Alternative Asset Management Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Gaja Alternative Asset Management Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI