BSE: 544252 | NSE: BAJAJHFL | Finance - Housing | Large Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Bajaj Housing Finance Ltd is a average quality company.
The key valuation ratios of Bajaj Housing Finance Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bajaj Housing Finance Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 0 | 0 | 3.1 | 124 | 1,149 | 2,646 | 3,160 | 3,767 | 5,665 | 7,617 | 7,617 | |
| YoY Gr. Rt. % | - | NA | NA | 3866.5% | 825.6% | 130.3% | 19.4% | 19.2% | 50.4% | 34.5% | - | |
| Adj EPS (₹ ) | 0 | 0 | 0 | 0.1 | 0.3 | 0.9 | 0.9 | 1.5 | 1.9 | 2.6 | 2.1 | |
| YoY Gr. Rt. % | - | NA | NA | NA | 342.9% | 177.4% | 8.1% | 55.9% | 29% | 38% | - | |
| BVPS (₹ ) | 4.9 | 0 | 9.3 | 10 | 10.3 | 11.4 | 12.4 | 13.8 | 15.7 | 18.2 | 22.6 | |
| YoY Gr. Rt. % | - | -100% | NA | 7.8% | 3.1% | 10.8% | 8.1% | 11.7% | 13.4% | 16.5% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0 | 0.2 | 0.1 | 0.4 | 0.9 | 1.7 | 1.3 | 1.6 | 2.2 | 2.3 | 0 | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | NA | 46% | 34.1% | 34.5% | ||||||||
| Adj EPS | NA | 52.8% | 40.5% | 38% | ||||||||
| BVPS | 15.6% | 12.1% | 13.9% | 16.5% | ||||||||
| Share Price | - | - | - | - | ||||||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.1 | 0.1 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 0 | 0 | 3.8 | 8.2 | 9.6 | 15.9 | 14.3 | 18.8 | 22.2 | 22.7 | 22.7 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 0 | 0.2 | 0.1 | 1.1 | 4.2 | 9.1 | 7.8 | 11.1 | 14.6 | 15.2 | 9.2 | |
Total Income has increased 34.08 CAGR in last 3 years
Net Profit has increased 40.51 CAGR in last 3 years
Return on Equity has declined versus last 3 years average to 10.20%
Total income growth is poor in last 4 quarters
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.1 | 0.1 |
| TTM Sales (₹ Cr.) | 7,617 | 1,149 |
| BVPS (₹.) ⓘ | 22.6 | 0 |
| Reserves (₹ Cr.) ⓘ | 10,457 | 108 |
| P/BV ⓘ | 5.74 | 0.00 |
| PE ⓘ | 62.32 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 128.15 / 188.45 |
| All Time Low / High (₹) | 128.15 / 188.45 |
| Market Cap (₹ Cr.) | 1,07,891 |
| Equity (₹ Cr.) | 8,328.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 19 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 0 | 0 | 3 | 124 | 1,149 | 2,646 | 3,161 | 3,767 | 5,665 | 7,618 |
| Interest Income | 0 | 0 | 3 | 124 | 1,149 | 2,646 | 3,160 | 3,767 | 5,665 | 7,617 |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 |
| Expenditure ⓘ | 0 | 0 | 3 | 114 | 1,007 | 2,079 | 2,548 | 2,807 | 3,965 | 5,456 |
| Interest Expense ⓘ | 0 | 0 | 0 | 47 | 685 | 1,618 | 1,968 | 2,157 | 3,213 | 4,695 |
| Operating Expenses ⓘ | 0 | 0 | 3 | 42 | 293 | 327 | 318 | 457 | 608 | 673 |
| Provisions | 0 | 0 | 0 | 25 | 29 | 135 | 263 | 193 | 144 | 88 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 6 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 0 | 11 | 149 | 567 | 613 | 960 | 1,700 | 2,161 |
| Taxes ⓘ | 0 | 0 | 0 | 1 | 39 | 146 | 160 | 250 | 442 | 430 |
| Profit After Tax | 0 | 0 | 0 | 10 | 110 | 421 | 453 | 710 | 1,258 | 1,731 |
| Adjusted EPS (₹) | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | 0.9 | 0.9 | 1.5 | 1.9 | 2.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 25 | 25 | 325 | 1,550 | 3,658 | 5,585 | 6,032 | 6,741 | 10,503 | 12,234 |
| Share Capital ⓘ | 50 | 50 | 350 | 1,550 | 3,550 | 4,883 | 4,883 | 4,883 | 6,712 | 6,712 |
| Reserves ⓘ | -25 | -25 | -25 | 0 | 108 | 702 | 1,149 | 1,858 | 3,791 | 5,521 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 0 | 0 | 0 | 2,045 | 4,303 | 6,410 | 8,464 | 37,804 | 53,380 | 66,353 |
| Current Liabilities | 0 | 0 | 0 | 1,101 | 11,288 | 19,378 | 23,347 | 4,572 | 1,771 | 4,678 |
| Trade Payables | 0 | 0 | 0 | 36 | 45 | 48 | 42 | 75 | 119 | 140 |
| Short term borrowings | 0 | 0 | 0 | 886 | 10,931 | 19,228 | 23,130 | 3,997 | 583 | 3,570 |
| Other Liabilities | 0 | 0 | 0 | -921 | -10,976 | -19,276 | -23,172 | -4,072 | -702 | -3,710 |
| Total Liabilities ⓘ | 25 | 25 | 325 | 4,697 | 19,250 | 31,372 | 37,843 | 49,117 | 65,654 | 83,264 |
Assets | ||||||||||
| Non Current Asset | 12 | 12 | 14 | 6 | 45 | 107 | 90 | 48,168 | 64,427 | 82,238 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 12 | 12 | 14 | 6 | 45 | 107 | 90 | 48,168 | 64,427 | 82,238 |
| Current Asset | 13 | 13 | 311 | 4,691 | 19,205 | 31,265 | 37,754 | 948 | 1,227 | 1,026 |
| Current Investment | 12 | 12 | 310 | 1,007 | 1,756 | 2,508 | 3,266 | 0 | 0 | 0 |
| Other Current Asset | 1 | 1 | 0 | 3,684 | 17,449 | 28,757 | 34,488 | 948 | 1,227 | 1,026 |
| Total Assets ⓘ | 25 | 25 | 325 | 4,697 | 19,250 | 31,372 | 37,843 | 49,117 | 65,654 | 83,264 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | 0 | -3,370 | -13,366 | -10,244 | -5,076 | -12,481 | -14,332 | -15,428 |
| Cash Flow From Investing Activity ⓘ | -11 | 0 | -297 | -634 | -743 | -694 | -797 | 2,197 | -611 | 273 |
| Cash Flow From Financing Activity ⓘ | 11 | 0 | 297 | 4,114 | 14,105 | 11,490 | 5,676 | 10,228 | 14,630 | 15,125 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 111 | -4 | 552 | -197 | -55 | -313 | -30 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 5 | 0 | 9 | 10 | 10 | 11 | 12 | 14 | 16 | 18 |
Performance Ratios | ||||||||||
| ROA (%) | 0.0 | 0.2 | 0.1 | 0.4 | 0.9 | 1.7 | 1.3 | 1.6 | 2.2 | 2.3 |
| ROE (%) | 0.0 | 0.2 | 0.1 | 1.1 | 4.2 | 9.1 | 7.8 | 11.1 | 14.6 | 15.2 |
| ROCE (%) | 0.0 | 0.2 | 0.3 | 2.4 | 7.1 | 8.7 | 7.5 | 7.3 | 8.7 | 9.4 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Bajaj Housing Finance Limited was originally incorporated as ‘Bajaj Financial Solutions Limited’ at Pune, Maharashtra as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 13, 2008, issued by the Registrar of Companies, Maharashtra, at Pune (RoC) and was granted its certificate for commencement of business on September 24, 2008 by the RoC. Thereafter, the name of the Company was changed to ‘Bajaj Housing Finance Limited’ with a fresh certificate of incorporation dated November 14, 2014 issued by the Assistant Registrar of Companies, Pune.
The company is a non-deposit taking Housing Finance Company (HFC), registered with the National Housing Bank (NHB) since September 24, 2015, and engaged in mortgage lending since Fiscal 2018. It has been identified and categorized as an ‘Upper Layer’ NBFC (NBFC-UL) in India by the RBI since September 30, 2022, as part of its ‘Scale Based Regulations (SBR): A Revised Regulatory Framework for NBFCs’ dated October 22, 2021. It offers financial solutions tailored to individuals and corporate entities for the purchase and renovation of homes and commercial spaces. Its mortgage product suite is comprehensive and comprises (i) home loans; (ii) loans against property (LAP); (iii) lease rental discounting; and (iv) developer financing. Furthermore, its primary emphasis is on individual retail housing loans, complemented by a diversified collection of lease rental discounting and developer loans. Consequently its financial products cater to every customer segment, from individual homebuyers to large-scale developers
It is uses direct and indirect channels for origination of loans. For example, it sources direct business through strategic partnerships with developers, self-sourcing by customer engagement, leveraging leads from digital ecosystem and partnership with digital players. Under indirect sourcing channels, it originates business through a distribution network of intermediaries such as channel partners, aggregators, direct selling agents, third party agents and connectors. Simultaneously, a direct-to-customer (D2C) strategy empowers us to maintain control over the customer experience thereby enabling us to maintain consistency in its services while personalizing its customer experience. This hybrid model, leveraging both intermediaries and direct engagement with customers allows it to cater to various customer preferences and increase its market presence.
Business area of the company
The company is a non-deposit taking Housing Finance Company registered with the National Housing Bank, offering tailored financial solutions for purchasing and renovating residential and commercial properties. It has also been identified and categorized as an ‘Upper Layer’ NBFC by the RBI in India and its comprehensive mortgage products include home loans, loans against property, lease rental discounting and developer financing.
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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