NSE:BAJAJHLDNGNSEFinancial Services
Bajaj Holdings & Investment Limited
📊 Asset Management
Day ₹10,318
₹10,446 Oversold
52W ₹8,588
₹14,763 Oversold
₹10,325.00
▲ ₹78.50 (+0.77%)
Vol: 8,649 · Avg: 58,679
As of April 29, 2026 · 06:34 IST
COMPOSITE RISK SCORE
69 MODERATE
VAL:16/25 · FIN:20/25 · GRO:21/25 · TECH:12/25
📈 P/E RATIO
13.1x
Trailing
📖 P/B RATIO
1.7x
Price to Book
💰 EPS
₹789.48
TTM
🏛 MARKET CAP
₹114,911Cr
Large Cap
📊 ROE
10.4%
Return on Equity
📈 REV GROWTH
89.9%
YoY
🏢 Company Analysis · Bajaj Holdings & Investment Limited
💼 BUSINESS MODEL
  • Bajaj Holdings & Investment Limited, an investment holding company, operates as a non-banking financial institution-investment and credit company in India..
  • It invests in listed and unlisted securities of companies..
  • The company was incorporated in 1945 and is headquartered in Pune, India..
  • Operates in Asset Management within the Financial Services sector.
  • Workforce of 19 employees.
🏰 MOAT & COMPETITION
  • Mega-cap (₹114,911 Cr) — dominant market position with significant scale advantages.
  • Profit margin of 735.3% suggests pricing power / cost moat.
  • Key competitors: Bajaj Finserv, Nisus Finance, Nurture Well Industries, Bajaj Holdings.
🚀 CATALYSTS
  • Revenue growing at 90% — strong top-line momentum.
⚖️ ASYMMETRY CHECK
  • P/E of 13.1x — low valuation floor, limited downside from de-rating.
🔭 FUTURE OUTLOOK
  • Analyst consensus: None (0 analysts).
  • Latest quarter earnings grew 15% YoY — positive trajectory.
✅ PROS
  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 21.4%
❌ CONS
  • Tax rate seems low
  • Company has a low return on equity of 12.3% over last 3 years.
  • Earnings include an other income of Rs.8,599 Cr.
  • Working capital days have increased from 228 days to 500 days
VALUATION
16/25
25% WEIGHT
  • P/E at 13x
  • P/B at 1.7x
  • Analyst target: ₹0 (+0.0%)
  • 1Y return: -15.6%
FINANCIAL HEALTH
20/25
25% WEIGHT
  • ROE: 10.4%
  • Profit margin: 735.3%
  • Revenue growth: 89.9%
  • Debt/Equity: 0%
GROWTH
21/25
25% WEIGHT
  • Revenue growth: 89.9%
  • Earnings growth: 15.3%
  • Beta: 0.01
  • Sector: Financial Services
TECHNICAL
12/25
25% WEIGHT
  • RSI, MACD, MA crossovers
  • 200 DMA & 50 EMA position
  • Volume trend analysis
  • Price momentum signals
📈 Price Movement
🕯 Candlestick Chart
🎯 Price Prediction · Analyst Target Cone Source: Yahoo Finance Analyst Targets ↗
📉 Valuation Trends (at current CMP)
P/E Ratio at current CMP
66.5 52.6 38.8 25.0 11.1 '2014 '2015 '2016 '2017 '2018 '2019 '2020 '2021 '2022 '2023 '2024 '2025 TTM Mar 2014: 57.8 Mar 2015: 56.6 Mar 2016: 50.7 Mar 2017: 46.5 Mar 2018: 43.3 Mar 2019: 37.7 Mar 2020: 38.4 Mar 2021: 31.5 Mar 2022: 28.3 Mar 2023: 23.7 Mar 2024: 15.8 Mar 2025: 17.6 TTM: 13.1 13.1
💎 Valuation & Financial Metrics
P/E RATIO
13.1x
Trailing twelve months
P/B RATIO
1.7x
Price to Book value
ROE
10.4%
Return on Equity
PROFIT MARGIN
735.3%
Net profit margin
OPM
83.7%
Operating profit margin
ANALYST TARGET
₹0
Range: ₹7,744 - ₹12,906
Yahoo Finance ↗
PEG RATIO
0.92
Price/Earnings to Growth
EV/EBITDA
123.7x
Enterprise value ratio
CURRENT RATIO
N/A
Liquidity measure
DIVIDEND YIELD
1.27%
Annual yield
ROA
10.9%
Return on Assets
GROSS MARGIN
99.2%
Gross profit margin
INDUSTRY AVERAGES — HOLDING COMPANY
P/E 10.8x (above avg)
P/B 3.0x (sector fair)
ROCE 11.8% (below avg)
ROE 18% (sector good)
OPM 30% (sector good)
Div Yield 1.16%
D/E <200 (sector comfort)
📋 Quarterly Performance Trend
QuarterRevenueQoQ %Net ProfitQoQ %Op. Cash FlowEBITDA Margin
Q2 FY25 N/A— N/A— N/A N/A
Q3 FY25 ₹1,820 Cr— ₹1,748 Cr— N/A N/A
Q4 FY25 ₹1,754 Cr-3.6% ₹1,725 Cr-1.3% N/A N/A
Q1 FY26 ₹3,753 Cr+114.0% ₹3,487 Cr+102.1% N/A N/A
Q2 FY26 ₹2,027 Cr-46.0% ₹1,559 Cr-55.3% N/A N/A
Q3 FY26 ₹2,133 Cr+5.2% ₹2,016 Cr+29.3% N/A N/A
📊 Year-on-Year Trend
FYRevenueYoY %Net ProfitYoY %Op. Cash FlowYoY %
FY22 ₹4,373 Cr— ₹4,056 Cr— ₹1,610 Cr—
FY23 ₹5,183 Cr+18.5% ₹4,851 Cr+19.6% ₹1,728 Cr+7.3%
FY24 ₹7,665 Cr+47.9% ₹7,267 Cr+49.8% ₹1,941 Cr+12.4%
FY25 ₹6,875 Cr-10.3% ₹6,521 Cr-10.3% ₹-1,957 Cr-200.8%
📈 Revenue vs Earnings
🎯 EPS: Estimate vs Actual
💰 How Bajaj Holdings & Investment Limited Makes Its Money
Revenue ₹2.1K Cr Cost of Revenue ₹0.0 Cr Gross Profit ₹0.0 Cr SG&A ₹31 Cr Operating Inc. ₹0.0 Cr Tax ₹66 Cr Net Income ₹2.0K Cr (94.5% margin) Dec 2025 · All values in ₹ Crores
🏦 Snapshot of Bajaj Holdings & Investment Limited's Balance Sheet
Total Assets ₹82.5K Cr Cash & Equiv.: ₹13 Cr (0.0%) PP&E: ₹21 Cr (0.0%) Other Non-Curr.: ₹82.5K Cr (100.0%) Liab. + Equity ₹82.5K Cr Long-Term Debt: ₹15 Cr (0.0%) Other Liab.: ₹3.8K Cr (4.6%) Equity: ₹78.7K Cr (95.3%) As of Sep 2025 · All values in ₹ Crores
💸 Looking into Bajaj Holdings & Investment Limited's Cash Flow
Operating CF ₹1.9K Cr Free Cash Flow ₹1.9K Cr Dividends ₹1.4K Cr Debt Repaid ₹31 Cr Retained / Other ₹487 Cr FY2024 · All values in ₹ Crores
📅 Quarterly Results Source: Screener ↗
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +1042251081,212134279126145325397288
Expenses +3633363561463142414341
Operating Profit68192721,1777323396103284353247
OPM %66%85%67%97%54%83%76%71%87%89%86%
Other Income +1,3751,4791,6021,5631,5541,3351,6941,6953,4281,6301,846
Interest11110000000
Depreciation88888888888
Profit before tax1,4341,6621,6652,7311,6181,5591,7811,7893,7041,9762,084
Tax %1%4%1%1%0%3%2%2%5%14%3%
Net Profit +1,4161,5881,6452,7161,6151,5101,7501,7513,5041,6902,018
EPS in Rs127.19133.98147.76244.05144.70129.06157.09155.04313.27140.08181.16
Raw PDF
📊 Profit & Loss Statement Source: Screener ↗
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +4204314354574845221,7027391,154
Expenses +6585134106117142140180167
Operating Profit3553473013523673801,562559987
OPM %85%80%69%77%76%73%92%76%86%
Other Income +2,3902,8273,0583,4513,8964,6735,9676,2248,599
Interest0013437211
Depreciation5433343434343432
Profit before tax2,7393,1703,3143,7664,2265,0127,4936,7489,553
Tax %3%4%7%3%2%1%2%2%
Net Profit +2,6553,0483,0803,6544,1264,9467,3656,6268,963
EPS in Rs238.54273.90268.84327.95364.41435.83652.98585.90789.55
Dividend Payout %17%12%15%12%32%28%20%16%
🏦 Balance Sheet Source: Screener ↗
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital111111111111111111111111111
Reserves25,09026,84127,65237,05642,73144,07154,13662,57667,723
Borrowings +0016813611493633115
Other Liabilities +68564,7978,18610,6328,91310,85112,54714,665
Total Liabilities25,26927,00832,72945,49053,58853,18865,16175,26682,514
Fixed Assets +215193374342310278244203187
CWIP000000000
Investments24,57526,25732,06844,91452,96452,55564,71573,80881,322
Other Assets +4785582872343143552031,2541,005
Total Assets25,26927,00832,72945,49053,58853,18865,16175,26682,514
💰 Cash Flow Statement Source: Screener ↗
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-9231,6316281,9202721,6101,7281,941-1,957
Cash from Investing Activity +-372-1,123-163-800-308-151-137-4723,054
Cash from Financing Activity +-110-434-536-1,028-37-1,460-1,587-1,455-1,055
Net Cash Flow-1,40674-7292-73-141443
Free Cash Flow-9231,6316281,9162711,6081,7261,941-1,865
CFO/OP-121%512%209%662%108%492%493%133%-233%
📈 Key Financial Ratios
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days000458500
Inventory Days
Days Payable
Cash Conversion Cycle000458500
Working Capital Days31120299786716017211500
ROCE %4%13%12%11%10%9%10%13%10%
🏭 Industry Peers — Holding Company
#CompanyCMPP/EMkt CapROCEQtr ProfitScore
1Bajaj Finserv ★₹1,77228.8₹283,67311.0%+5.9%78
2Nisus Finance₹20310.8₹48539.7%—70
3Nurture Well Industries₹359.5₹81730.5%+85.0%68
4Bajaj Holdings₹10,33815.6₹115,0469.8%+15.3%65
5BF Investment₹4239.7₹1,5934.6%+1178.8%63
6Choice Intl.₹67569.1₹15,04218.0%+16.7%62
7Edelweiss.Fin.₹12720.4₹12,03413.3%+134.4%61
8Kama Holdings₹2,5408.7₹8,15111.8%+85.4%59
9JM Financial₹13910.6₹13,2859.4%+57.4%58
★ Bajaj Finserv ranks higher on combined P/E, ROCE, and growth metrics in Holding Company
🏛 Shareholding Pattern
Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters51.46%51.46%51.46%51.46%51.46%51.46%
FIIs10.65%10.56%10.31%10.33%10.26%9.62%
DIIs7.12%7.30%7.45%7.31%7.31%8.08%
Public30.75%30.69%30.78%30.90%30.97%30.85%
No. of Shareholders64,33869,35472,78375,88484,23483,963
🟢 CATALYSTS
🏆Revenue Growth 90%: Above sector norm of 15% — strong top-line momentum.
💹Healthy Margins (735.3%): Above sector norm of 30%.
🔀Low Beta (0.01): Less volatile than market — defensive play.
🇮Earnings Growth (15%): Above sector norm — strong profit expansion.
🔴 RISKS
📜Market Risk: Broader market correction or sentiment shift could impact stock.
💰Sector Risk: Regulatory or competitive changes in Financial Services space.
🔓Execution Risk: Growth may not meet elevated expectations.
🕸 Factor Analysis · Radar
Momentum 6/10: 1M +18.1%, 6M -18.2%, RSI 57, MACD bullish, Below 200DMA Sentiment 5/10: Rec: none Value 8/10: P/E 13.1, P/B 1.7, PEG 0.92, EV/EBITDA 123.7 Quality 7/10: Margin 735.3%, D/E 0 Low Volatility 9/10: Beta 0.01, Ann. vol 32% Momentum 6 Sentiment 5 Value 8 Quality 7 Low Vol 9
Momentum 6/10
1M +18.1%, 6M -18.2%, RSI 57, MACD bullish, Below 200DMA
Sentiment 5/10
Rec: none
Value 8/10
P/E 13.1, P/B 1.7, PEG 0.92, EV/EBITDA 123.7
Quality 7/10
Margin 735.3%, D/E 0
Low Volatility 9/10
Beta 0.01, Ann. vol 32%
🎯 Decision Matrix
ActionIf Stock RisesIf Stock Falls
BUYBenefit from potential re-ratingOPM of 84% provides margin buffer; P/E 13x vs sector median 11x is a risk
HOLDRetain existing position; wait for better entry; FII stake falling (-0.64%)Miss further upside if momentum continues; 1M return of +18.1% shows momentum
SELLLock in -15.6% 1Y returnAvoid further drawdown
REASONS TO BUY
  • Revenue growing at 89.9% YoY (sector norm: 6%)
  • Operating margin of 84% shows pricing power (sector norm: 30%)
REASONS TO SELL / AVOID
  • P/E of 13.1x is 1.2x the sector median of 11x
  • FII stake falling (-0.64%) — institutional exit signal
📰 Latest News
No recent news available for this stock
RECOMMENDATION
HOLD
COMPOSITE SCORE
69/100
Bajaj Holdings & Investment Limited trades at ₹10,325.00 with a composite risk score of 69/100. The stock scores 16/25 on valuation, 20/25 on financial health, 21/25 on growth, and 12/25 on technicals. The company is currently profitable with moderate return on equity.

The stock is trading near or above analyst consensus targets. Revenue growth is at 89.9% — a strong positive signal.

Within Holding Company, Bajaj Finserv (P/E 28.8, ROCE 11.0%) ranks higher on techno-fundamental metrics and may be worth considering.

Bottom Line: Neutral for Financial Services — wait for better entry or catalyst. The current recommendation is HOLD.
PROFITABLE STRONG GROWTH CHEAP
RISK SCORE REPORT · NSE:BAJAJHLDNG · GENERATED APR 29, 2026 06:34 IST · DATA VIA YAHOO FINANCE + SCREENER.IN
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. DATA MAY BE DELAYED. ALWAYS VERIFY WITH OFFICIAL SOURCES BEFORE INVESTING.