Bajaj Holdings & Investment Ltd.

•

₹ 11,320-0.42%

2026-08-21

bhil.inBSE: 500490NSE: BAJAJHLDNG

Market Cap₹ 1,26,016 Cr.

Current Price₹ 11,368

High / Low₹ 13,880 / 8,588

Stock P/E14.2

Book Value₹ 6,604

Price to Book1.33

Dividend Yield1.72 %

ROCE14.8 %

ROE14.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

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

EDIT COLUMNS

Financial ServicesFinanceFinance - NBFC

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BAJFINANCE	1078.60	33.07	671531.43	0.56	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1104.90	22.97	259981.15	0.98	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	JIOFIN	242.70	77.55	160258.25	0.25	830.25	155.73	2004.47	227.28	2.11	69.71
4.	CHOLAFIN	1866.25	27.72	159390.07	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
5.	TATACAP	365.15	28.68	155001.39	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
6.	BAJAJHLDNG	11322.85	14.23	126015.97	1.72	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2859.20	10.09	114787.87	1.05	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	396.75	26.46	108592.29	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	315.00	24.80	78940.44	0.87	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	626.30	0.00	59601.37	0.40	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	681.15	26.00	56579.31	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	M&MFIN	389.55	16.65	54146.33	1.93	927.48	75.34	5717.91	23.09	8.63	64.82

Detailed Comparison with:

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	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Equity Capital	111	111	111	111	111	111	111	111	111	111	111	111	111
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	111	111	111	111	111	111	111	111	111	111	111	111	111
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 97
: 36
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 1
Depreciation: 8
: 74
Tax %: 24.57%
Net Profit: 0
: 127
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 217
: 33
Operating Profit: —
OPM %: —
Other Income: 15
Interest: 1
Depreciation: 8
: 198
Tax %: 37.33%
Net Profit: 0
: 134
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 99
: 36
Operating Profit: —
OPM %: —
Other Income: 24
Interest: 1
Depreciation: 8
: 87
Tax %: 23.47%
Net Profit: 0
: 148
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 94
: 35
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 1
Depreciation: 8
: 1,177
Tax %: 1.27%
Net Profit: 0
: 244
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 126
: 61
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 0
Depreciation: 8
: 78
Tax %: 4.75%
Net Profit: 16,145
: 145
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 273
: 46
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 0
Depreciation: 8
: 238
Tax %: 20.52%
Net Profit: 15,104
: 129
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 121
: 31
Operating Profit: —
OPM %: —
Other Income: 32
Interest: 0
Depreciation: 8
: 119
Tax %: 26.15%
Net Profit: 17,500
: 157
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 140
: 42
Operating Profit: —
OPM %: —
Other Income: 87
Interest: 0
Depreciation: 8
: 181
Tax %: 21.26%
Net Profit: 17,508
: 155
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 320
: 41
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 0
Depreciation: 8
: 1,810
Tax %: 11.04%
Net Profit: 35,038
: 313
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 392
: 43
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 0
Depreciation: 8
: 358
Tax %: 79.78%
Net Profit: 16,899
: 140
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 282
: 41
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 0
Depreciation: 8
: 251
Tax %: 26.19%
Net Profit: 20,182
: 181
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 55
: 37
Operating Profit: —
OPM %: —
Other Income: 16
Interest: 0
Depreciation: 8
: 31
Tax %: -916.70%
Net Profit: 25,770
: 231
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 394
: 64
Operating Profit: —
OPM %: —
Other Income: 25
Interest: 0
Depreciation: 11
: 2,714
Tax %: 0.24%
Net Profit: 2,708
: 24
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 111
Reserves: 0
Promoter Pledge %: 0.00%

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	636	360	347	302	358	369	385	1,573	652	962	—
OPM %	75	86	80	77	90	86	83	95	95	90	—
Other Income	8	5	5	42	64	57	63	65	147	54	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
	630	2,739	3,170	3,314	3,766	4,226	5,012	7,493	6,748	10,057	3,355
Tax %	21	3	4	7	3	2	1	2	2	3	2
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	238	274	269	328	364	436	653	586	866	—
Dividend Payout %	15	17	12	15	12	32	28	20	16	23	—
Minority Interest	0	0	0	-88	-4	-70	-96	-98	-105	-152	2,702
Share of Associates	1,978	0	0	0	0	0	0	0	0	0	8,071
Adjusted EPS	222	239	274	269	328	364	436	653	586	866	—
Minority Interest	0	0	0	-88	-4	-70	-96	-98	-105	-152	2,702
Share of Associates	1,978	0	0	0	0	0	0	0	0	0	8,071
Adjusted EPS	222	239	274	269	328	364	436	653	586	866	—

Mar 2017

: 842
: 214
Operating Profit: 636
OPM %: 75
Other Income: 8
Interest: 0
Depreciation: 5
: 630
Tax %: 21
Net Profit: 496
EPS: 222
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 1,978
Adjusted EPS: 222
Minority Interest: 0
Share of Associates: 1,978
Adjusted EPS: 222

Mar 2018

: 420
: 65
Operating Profit: 360
OPM %: 86
Other Income: 5
Interest: 0
Depreciation: 5
: 2,739
Tax %: 3
Net Profit: 2,655
EPS: 238
Dividend Payout %: 17
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 239
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 239

Mar 2019

: 432
: 90
Operating Profit: 347
OPM %: 80
Other Income: 5
Interest: 0
Depreciation: 4
: 3,170
Tax %: 4
Net Profit: 3,048
EPS: 274
Dividend Payout %: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 274
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 274

Mar 2020

: 393
: 134
Operating Profit: 302
OPM %: 77
Other Income: 42
Interest: 13
Depreciation: 33
: 3,314
Tax %: 7
Net Profit: 3,080
EPS: 269
Dividend Payout %: 15
Minority Interest: -88
Share of Associates: 0
Adjusted EPS: 269
Minority Interest: -88
Share of Associates: 0
Adjusted EPS: 269

Mar 2021

: 399
: 106
Operating Profit: 358
OPM %: 90
Other Income: 64
Interest: 4
Depreciation: 34
: 3,766
Tax %: 3
Net Profit: 3,654
EPS: 328
Dividend Payout %: 12
Minority Interest: -4
Share of Associates: 0
Adjusted EPS: 328
Minority Interest: -4
Share of Associates: 0
Adjusted EPS: 328

Mar 2022

: 430
: 117
Operating Profit: 369
OPM %: 86
Other Income: 57
Interest: 3
Depreciation: 34
: 4,226
Tax %: 2
Net Profit: 4,126
EPS: 364
Dividend Payout %: 32
Minority Interest: -70
Share of Associates: 0
Adjusted EPS: 364
Minority Interest: -70
Share of Associates: 0
Adjusted EPS: 364

Mar 2023

: 464
: 142
Operating Profit: 385
OPM %: 83
Other Income: 63
Interest: 7
Depreciation: 34
: 5,012
Tax %: 1
Net Profit: 4,946
EPS: 436
Dividend Payout %: 28
Minority Interest: -96
Share of Associates: 0
Adjusted EPS: 436
Minority Interest: -96
Share of Associates: 0
Adjusted EPS: 436

Mar 2024

: 1,649
: 140
Operating Profit: 1,573
OPM %: 95
Other Income: 65
Interest: 2
Depreciation: 34
: 7,493
Tax %: 2
Net Profit: 7,365
EPS: 653
Dividend Payout %: 20
Minority Interest: -98
Share of Associates: 0
Adjusted EPS: 653
Minority Interest: -98
Share of Associates: 0
Adjusted EPS: 653

Mar 2025

: 684
: 180
Operating Profit: 652
OPM %: 95
Other Income: 147
Interest: 1
Depreciation: 34
: 6,748
Tax %: 2
Net Profit: 6,626
EPS: 586
Dividend Payout %: 16
Minority Interest: -105
Share of Associates: 0
Adjusted EPS: 586
Minority Interest: -105
Share of Associates: 0
Adjusted EPS: 586

Mar 2026

: 1,070
: 162
Operating Profit: 962
OPM %: 90
Other Income: 54
Interest: 1
Depreciation: 32
: 10,057
Tax %: 3
Net Profit: 9,789
EPS: 866
Dividend Payout %: 23
Minority Interest: -152
Share of Associates: 0
Adjusted EPS: 866
Minority Interest: -152
Share of Associates: 0
Adjusted EPS: 866

TTM

: 1,124
: 185
Operating Profit: —
OPM %: —
Other Income: 66
Interest: 1
Depreciation: 35
: 3,355
Tax %: 2
Net Profit: 3,281
EPS: —
Dividend Payout %: —
Minority Interest: 2,702
Share of Associates: 8,071
Adjusted EPS: —
Minority Interest: 2,702
Share of Associates: 8,071
Adjusted EPS: —

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:: 22%
3 Years:: 18%
1 Year:: -17%

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	111	111	111	111	111	111	111	111	111	111
	17,707	25,090	26,841	27,652	37,056	42,731	44,071	54,136	62,576	73,039
Trade Payables	1	0	1	5	3	4	2	3	5	4
	70	-120	-83	4,960	8,319	10,741	9,004	10,911	12,573	12,033
Total Liabilities	17,889	25,081	26,870	32,729	45,490	53,588	53,188	65,161	75,266	85,187
ASSETS	-	-	-	-	-	-	-	-	-	-
	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
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1,930	668	86	498	503	602	475	2,426	9,887	2,082
Contingent Liabilities	1,566	0	420	421	421	423	423	0	0	0
Book Value per Share	1601.03	2264.46	2421.81	2494.70	3339.65	3849.60	3970.06	4874.43	5632.81	6572.97
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1,930	668	86	498	503	602	475	2,426	9,887	2,082
Contingent Liabilities	1,566	0	420	421	421	423	423	0	0	0
Book Value per Share	1601.03	2264.46	2421.81	2494.70	3339.65	3849.60	3970.06	4874.43	5632.81	6572.97
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2017

Equity Capital: 111
: 17,707
Trade Payables: 1
: 70
Total Liabilities: 17,889
: 8
: 17,560
: 0
: 0
Cash & Bank: 13
: 307
Total Assets: 17,889
Total Debt: 0
Net Working Capital: 1,930
Contingent Liabilities: 1,566
Book Value per Share: 1601.03
Face Value: 10.00
Total Debt: 0
Net Working Capital: 1,930
Contingent Liabilities: 1,566
Book Value per Share: 1601.03
Face Value: 10.00

Mar 2018

Equity Capital: 111
: 25,090
Trade Payables: 0
: -120
Total Liabilities: 25,081
: 6
: 24,575
: 0
: 0
Cash & Bank: 81
: 418
Total Assets: 25,081
Total Debt: 0
Net Working Capital: 668
Contingent Liabilities: 0
Book Value per Share: 2264.46
Face Value: 10.00
Total Debt: 0
Net Working Capital: 668
Contingent Liabilities: 0
Book Value per Share: 2264.46
Face Value: 10.00

Mar 2019

Equity Capital: 111
: 26,841
Trade Payables: 1
: -83
Total Liabilities: 26,870
: 6
: 26,257
: 0
: 0
Cash & Bank: 10
: 597
Total Assets: 26,870
Total Debt: 0
Net Working Capital: 86
Contingent Liabilities: 420
Book Value per Share: 2421.81
Face Value: 10.00
Total Debt: 0
Net Working Capital: 86
Contingent Liabilities: 420
Book Value per Share: 2421.81
Face Value: 10.00

Mar 2020

Equity Capital: 111
: 27,652
Trade Payables: 5
: 4,960
Total Liabilities: 32,729
: 191
: 32,068
: 3
: 0
Cash & Bank: 112
: 355
Total Assets: 32,729
Total Debt: 0
Net Working Capital: 498
Contingent Liabilities: 421
Book Value per Share: 2494.70
Face Value: 10.00
Total Debt: 0
Net Working Capital: 498
Contingent Liabilities: 421
Book Value per Share: 2494.70
Face Value: 10.00

Mar 2021

Equity Capital: 111
: 37,056
Trade Payables: 3
: 8,319
Total Liabilities: 45,490
: 161
: 44,914
: 4
: 0
Cash & Bank: 83
: 328
Total Assets: 45,490
Total Debt: 0
Net Working Capital: 503
Contingent Liabilities: 421
Book Value per Share: 3339.65
Face Value: 10.00
Total Debt: 0
Net Working Capital: 503
Contingent Liabilities: 421
Book Value per Share: 3339.65
Face Value: 10.00

Mar 2022

Equity Capital: 111
: 42,731
Trade Payables: 4
: 10,741
Total Liabilities: 53,588
: 132
: 52,964
: 6
: 0
Cash & Bank: 33
: 452
Total Assets: 53,588
Total Debt: 0
Net Working Capital: 602
Contingent Liabilities: 423
Book Value per Share: 3849.60
Face Value: 10.00
Total Debt: 0
Net Working Capital: 602
Contingent Liabilities: 423
Book Value per Share: 3849.60
Face Value: 10.00

Mar 2023

Equity Capital: 111
: 44,071
Trade Payables: 2
: 9,004
Total Liabilities: 53,188
: 104
: 52,555
: 4
: 0
Cash & Bank: 39
: 486
Total Assets: 53,188
Total Debt: 0
Net Working Capital: 475
Contingent Liabilities: 423
Book Value per Share: 3970.06
Face Value: 10.00
Total Debt: 0
Net Working Capital: 475
Contingent Liabilities: 423
Book Value per Share: 3970.06
Face Value: 10.00

Mar 2024

Equity Capital: 111
: 54,136
Trade Payables: 3
: 10,911
Total Liabilities: 65,161
: 73
: 64,715
: 4
: 2
Cash & Bank: 46
: 322
Total Assets: 65,161
Total Debt: 0
Net Working Capital: 2,426
Contingent Liabilities: 0
Book Value per Share: 4874.43
Face Value: 10.00
Total Debt: 0
Net Working Capital: 2,426
Contingent Liabilities: 0
Book Value per Share: 4874.43
Face Value: 10.00

Mar 2025

Equity Capital: 111
: 62,576
Trade Payables: 5
: 12,573
Total Liabilities: 75,266
: 36
: 73,808
: 0
: 0
Cash & Bank: 89
: 1,332
Total Assets: 75,266
Total Debt: 0
Net Working Capital: 9,887
Contingent Liabilities: 0
Book Value per Share: 5632.81
Face Value: 10.00
Total Debt: 0
Net Working Capital: 9,887
Contingent Liabilities: 0
Book Value per Share: 5632.81
Face Value: 10.00

Mar 2026

Equity Capital: 111
: 73,039
Trade Payables: 4
: 12,033
Total Liabilities: 85,187
: 17
: 84,865
: 0
: 0
Cash & Bank: 20
: 286
Total Assets: 85,187
Total Debt: 0
Net Working Capital: 2,082
Contingent Liabilities: 0
Book Value per Share: 6572.97
Face Value: 10.00
Total Debt: 0
Net Working Capital: 2,082
Contingent Liabilities: 0
Book Value per Share: 6572.97
Face Value: 10.00

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
	-923	1,631	628	1,920	272	1,610	1,728	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
Free Cash Flow	-923	1,631	628	1,689	271	1,608	1,726	1,941	-1,957	4,771
OCF / Net Profit	-1.86	0.61	0.21	0.62	0.07	0.39	0.35	0.26	-0.30	0.49
Cumulative 5-Year FCF	0	0	0	0	3,295	5,827	5,922	7,235	3,589	8,090
OCF / Net Profit	-1.86	0.61	0.21	0.62	0.07	0.39	0.35	0.26	-0.30	0.49
Cumulative 5-Year FCF	0	0	0	0	3,295	5,827	5,922	7,235	3,589	8,090

Mar 2017

: -923
Cash from Investing: -372
Cash from Financing: -110
: -1,406
Free Cash Flow: -923
OCF / Net Profit: -1.86
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.86
Cumulative 5-Year FCF: 0

Mar 2018

: 1,631
Cash from Investing: -1,123
Cash from Financing: -434
: 74
Free Cash Flow: 1,631
OCF / Net Profit: 0.61
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.61
Cumulative 5-Year FCF: 0

Mar 2019

: 628
Cash from Investing: -163
Cash from Financing: -536
: -72
Free Cash Flow: 628
OCF / Net Profit: 0.21
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.21
Cumulative 5-Year FCF: 0

Mar 2020

: 1,920
Cash from Investing: -800
Cash from Financing: -1,028
: 92
Free Cash Flow: 1,689
OCF / Net Profit: 0.62
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.62
Cumulative 5-Year FCF: 0

Mar 2021

: 272
Cash from Investing: -308
Cash from Financing: -37
: -73
Free Cash Flow: 271
OCF / Net Profit: 0.07
Cumulative 5-Year FCF: 3,295
OCF / Net Profit: 0.07
Cumulative 5-Year FCF: 3,295

Mar 2022

: 1,610
Cash from Investing: -151
Cash from Financing: -1,460
: -1
Free Cash Flow: 1,608
OCF / Net Profit: 0.39
Cumulative 5-Year FCF: 5,827
OCF / Net Profit: 0.39
Cumulative 5-Year FCF: 5,827

Mar 2023

: 1,728
Cash from Investing: -137
Cash from Financing: -1,587
: 4
Free Cash Flow: 1,726
OCF / Net Profit: 0.35
Cumulative 5-Year FCF: 5,922
OCF / Net Profit: 0.35
Cumulative 5-Year FCF: 5,922

Mar 2024

: 1,941
Cash from Investing: -472
Cash from Financing: -1,455
: 14
Free Cash Flow: 1,941
OCF / Net Profit: 0.26
Cumulative 5-Year FCF: 7,235
OCF / Net Profit: 0.26
Cumulative 5-Year FCF: 7,235

Mar 2025

: -1,957
Cash from Investing: 3,054
Cash from Financing: -1,055
: 43
Free Cash Flow: -1,957
OCF / Net Profit: -0.30
Cumulative 5-Year FCF: 3,589
OCF / Net Profit: -0.30
Cumulative 5-Year FCF: 3,589

Mar 2026

: 4,780
Cash from Investing: -3,695
Cash from Financing: -1,156
: -71
Free Cash Flow: 4,771
OCF / Net Profit: 0.49
Cumulative 5-Year FCF: 8,090
OCF / Net Profit: 0.49
Cumulative 5-Year FCF: 8,090

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
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	222.23	238.54	273.91	268.85	327.96	364.42	435.85	653.00	585.92	865.91
Book Value (₹)	1601.03	2264.46	2421.81	2494.70	3339.65	3849.60	3970.06	4874.43	5632.81	6572.97
Dividend per Share (₹)	32.50	40.00	32.50	40.00	40.00	115.00	123.00	131.00	93.00	195.00
Cash EPS (₹)	45.02	239.01	274.28	279.77	331.36	373.74	447.49	664.82	598.39	882.45
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	75.48%	85.74%	80.32%	76.70%	89.59%	85.90%	83.02%	91.49%	73.72%	84.83%
Net Margin %	58.86%	632.58%	706.00%	783.01%	915.57%	960.14%	1065.79%	446.71%	968.08%	915.21%
ROE %	2.99%	12.34%	11.69%	11.26%	11.26%	10.31%	11.37%	14.96%	11.33%	14.41%
ROCE %	3.81%	12.74%	12.16%	12.16%	11.61%	10.57%	11.53%	15.23%	11.54%	14.81%
	2.97%	12.36%	11.74%	10.34%	9.34%	8.33%	9.26%	12.45%	9.44%	12.20%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	0	0	0	4	5	7	7	1	0	0
Inventory Days	0	0	0	3	3	4	4	1	0	0
Payable Days	287	0	0	146	185	184	117	152	435	0
	-286	0	0	-138	-177	-173	-106	-150	-435	0
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	0.00x	0.00x	0.00x	265.25x	991.98x	1342.56x	723.12x	3469.75x	4560.34x	0.00x
	58.55x	15.43x	2.67x	3.04x	3.55x	4.35x	3.99x	35.13x	118.64x	36.95x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	79.23%	-50.16%	2.89%	-8.89%	1.46%	7.66%	8.01%	255.25%	-58.49%	56.28%
Operating Profit Growth %	46.00%	-43.39%	-3.62%	-12.99%	18.50%	3.22%	4.39%	308.31%	-58.58%	47.59%
Net Profit Growth %	45.11%	435.57%	14.83%	1.04%	18.63%	12.90%	19.89%	48.90%	-10.04%	47.74%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	49.82%	-10.27%	47.79%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	12.70x	21.28x	10.10x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.70x	2.21x	1.33x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.58%	0.75%	2.23%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	58.61x	212.87x	101.18x

Mar 2017

EPS (₹): 222.23
Book Value (₹): 1601.03
Dividend per Share (₹): 32.50
Cash EPS (₹): 45.02
Operating Margin %: 75.48%
Net Margin %: 58.86%
ROE %: 2.99%
ROCE %: 3.81%
: 2.97%
Debtor Days: 0
Inventory Days: 0
Payable Days: 287
: -286
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 58.55x
Revenue Growth %: 79.23%
Operating Profit Growth %: 46.00%
Net Profit Growth %: 45.11%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 238.54
Book Value (₹): 2264.46
Dividend per Share (₹): 40.00
Cash EPS (₹): 239.01
Operating Margin %: 85.74%
Net Margin %: 632.58%
ROE %: 12.34%
ROCE %: 12.74%
: 12.36%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 15.43x
Revenue Growth %: -50.16%
Operating Profit Growth %: -43.39%
Net Profit Growth %: 435.57%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 273.91
Book Value (₹): 2421.81
Dividend per Share (₹): 32.50
Cash EPS (₹): 274.28
Operating Margin %: 80.32%
Net Margin %: 706.00%
ROE %: 11.69%
ROCE %: 12.16%
: 11.74%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 2.67x
Revenue Growth %: 2.89%
Operating Profit Growth %: -3.62%
Net Profit Growth %: 14.83%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 268.85
Book Value (₹): 2494.70
Dividend per Share (₹): 40.00
Cash EPS (₹): 279.77
Operating Margin %: 76.70%
Net Margin %: 783.01%
ROE %: 11.26%
ROCE %: 12.16%
: 10.34%
Debtor Days: 4
Inventory Days: 3
Payable Days: 146
: -138
Debt to Equity (x): 0.00x
Interest Coverage (x): 265.25x
: 3.04x
Revenue Growth %: -8.89%
Operating Profit Growth %: -12.99%
Net Profit Growth %: 1.04%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 327.96
Book Value (₹): 3339.65
Dividend per Share (₹): 40.00
Cash EPS (₹): 331.36
Operating Margin %: 89.59%
Net Margin %: 915.57%
ROE %: 11.26%
ROCE %: 11.61%
: 9.34%
Debtor Days: 5
Inventory Days: 3
Payable Days: 185
: -177
Debt to Equity (x): 0.00x
Interest Coverage (x): 991.98x
: 3.55x
Revenue Growth %: 1.46%
Operating Profit Growth %: 18.50%
Net Profit Growth %: 18.63%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 364.42
Book Value (₹): 3849.60
Dividend per Share (₹): 115.00
Cash EPS (₹): 373.74
Operating Margin %: 85.90%
Net Margin %: 960.14%
ROE %: 10.31%
ROCE %: 10.57%
: 8.33%
Debtor Days: 7
Inventory Days: 4
Payable Days: 184
: -173
Debt to Equity (x): 0.00x
Interest Coverage (x): 1342.56x
: 4.35x
Revenue Growth %: 7.66%
Operating Profit Growth %: 3.22%
Net Profit Growth %: 12.90%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 435.85
Book Value (₹): 3970.06
Dividend per Share (₹): 123.00
Cash EPS (₹): 447.49
Operating Margin %: 83.02%
Net Margin %: 1065.79%
ROE %: 11.37%
ROCE %: 11.53%
: 9.26%
Debtor Days: 7
Inventory Days: 4
Payable Days: 117
: -106
Debt to Equity (x): 0.00x
Interest Coverage (x): 723.12x
: 3.99x
Revenue Growth %: 8.01%
Operating Profit Growth %: 4.39%
Net Profit Growth %: 19.89%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 653.00
Book Value (₹): 4874.43
Dividend per Share (₹): 131.00
Cash EPS (₹): 664.82
Operating Margin %: 91.49%
Net Margin %: 446.71%
ROE %: 14.96%
ROCE %: 15.23%
: 12.45%
Debtor Days: 1
Inventory Days: 1
Payable Days: 152
: -150
Debt to Equity (x): 0.00x
Interest Coverage (x): 3469.75x
: 35.13x
Revenue Growth %: 255.25%
Operating Profit Growth %: 308.31%
Net Profit Growth %: 48.90%
: 49.82%
P/E (x): 12.70x
P/B (x): 1.70x
Dividend Yield %: 1.58%
: 58.61x

Mar 2025

EPS (₹): 585.92
Book Value (₹): 5632.81
Dividend per Share (₹): 93.00
Cash EPS (₹): 598.39
Operating Margin %: 73.72%
Net Margin %: 968.08%
ROE %: 11.33%
ROCE %: 11.54%
: 9.44%
Debtor Days: 0
Inventory Days: 0
Payable Days: 435
: -435
Debt to Equity (x): 0.00x
Interest Coverage (x): 4560.34x
: 118.64x
Revenue Growth %: -58.49%
Operating Profit Growth %: -58.58%
Net Profit Growth %: -10.04%
: -10.27%
P/E (x): 21.28x
P/B (x): 2.21x
Dividend Yield %: 0.75%
: 212.87x

Mar 2026

EPS (₹): 865.91
Book Value (₹): 6572.97
Dividend per Share (₹): 195.00
Cash EPS (₹): 882.45
Operating Margin %: 84.83%
Net Margin %: 915.21%
ROE %: 14.41%
ROCE %: 14.81%
: 12.20%
Debtor Days: 0
Inventory Days: 0
Payable Days: 0
: 0
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 36.95x
Revenue Growth %: 56.28%
Operating Profit Growth %: 47.59%
Net Profit Growth %: 47.74%
: 47.79%
P/E (x): 10.10x
P/B (x): 1.33x
Dividend Yield %: 2.23%
: 101.18x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.46	51.46	51.46	51.46	51.46	51.46	51.46	51.46	51.46
	11.21	10.89	10.65	10.56	10.31	10.33	10.26	9.62	9.47
	6.42	6.80	7.12	7.30	7.45	7.30	7.30	8.08	8.26
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	30.92	30.84	30.76	30.69	30.78	30.90	30.97	30.85	30.81

Jun 2024

: 51.46
: 11.21
: 6.42
Government: 0.00
: 30.92

Sep 2024

: 51.46
: 10.89
: 6.80
Government: 0.00
: 30.84

Dec 2024

: 51.46
: 10.65
: 7.12
Government: 0.00
: 30.76

Mar 2025

: 51.46
: 10.56
: 7.30
Government: 0.00
: 30.69

Jun 2025

: 51.46
: 10.31
: 7.45
Government: 0.00
: 30.78

Sep 2025

: 51.46
: 10.33
: 7.30
Government: 0.00
: 30.90

Dec 2025

: 51.46
: 10.26
: 7.30
Government: 0.00
: 30.97

Mar 2026

: 51.46
: 9.62
: 8.08
Government: 0.00
: 30.85

Jun 2026

: 51.46
: 9.47
: 8.26
Government: 0.00
: 30.81

Documents

Announcements

Shareholders meeting
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.
Shareholders meeting
2026-07-31 - Bajaj Holdings & Investment Limited has informed the Exchange regarding Proceedings of 81st Annual General Meeting held on 31 July 2026

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.