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Bajaj Finance Ltd share Price Today

Company details

6,667.10
6,808.40
6,187.80
8,192.00
6M Return -4.17%
1Y Return -10.74%
Mkt Cap.(Cr) 420,282.81
Volume 1,110,184
Div Yield 0.53%
OI
-
OI Chg %
-
Volume 1,110,184
NSE

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Healthy quarter, management rigour holds key for future…
About The Stock

    Bajaj Finance, a strong NBFC with digital footprints, made a strong comeback with AUM growth reaching ~26-28% YoY. Harnessing its large franchise base digitally offers a huge opportunity. Housing forms 31% of the book.

    • Bajaj Finance maintained strong operating metrics over various credit, rate cycles leading to >19% RoE, >4% RoA and maintains that guidance also
Q4FY23

    In line performance; robust long term guidance maintained.

    • AUM grew 25% YoY (core AUM grew 29% YoY), NII growth at 23.8% YoY to ₹7433 crore, marginal uptick in cost of funds
    • Asset quality has improved with Q4 GNPA and NNPA ratio declining to 0.94% and 0.34% from 1.14% and 0.41%, respectively, in Q3FY23
    • PAT grew 30% YoY, 6% QoQ to ₹ 3156 crore, with RoE at 24% and RoA at 5.4% (annualised)

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Bajaj Finance announced Q1FY25 results:

  •  Number of new loans booked grew by 10% in Q1FY25 to 10.97 million as against 9.94 million in Q1FY24. The Company resumed sanction and disbursal of loans under 'eCOM' and 'lnsta EMI Card' and issuance of EMI cards after the RBI removed the restrictions on these businesses on 2nd May 2024.
  • Customer franchise stood at 88.11 million as of 30 June 2024 as cornpared to 72.98 million as of 30 June 2023, a growth of 21%. The Company's customer franchise grew by 4.47 million in Q1FY25.
  • Assets under management (AUM) grew by 31 % to Rs 3,54,192 crore as of 30 June 2024 from Rs 2,70,097 crore as of 30 June 2023. AUM grew by Rs 23,577 crore in Q1FY25.
  • Net interest income increased by 25% in Q1FY25 to ~ Rs 8,365 crore from Rs 6,717 crore in Q1FY24.
  • Net total income increased by 24% in Q1FY25 to Rs 10,418 crore from Rs 8,397 crore in Q1FY24.
  • Operating expenses to net total income for Q1FY25 was 33.3% as against 34.0% in Q1FY24.
  • Pre-provisioning operating profit increased by 25% in Q1FY25 to Rs 6,947 crore from Rs 5,543 crore in Q1FY24.
  • Loan losses and provisions for Q1FY25 as Rs 1,685 crore as again Rs 995 crore in Q1FY24.
  • Profit before tax increased by 16% in Q1FY25 to  Rs 5,265 crore from Rs 4,551 crore in Q1FY24.
  • Profit after tax increased by 14% in Q1FY25 to Rs 3,912 crore from Rs 3,437 crore in Q1FY24 due to one time reversal of deferred tax liability of Rs 73 crore in Q1FY24.
  • Gross NPA and Net NPA as of 30 June 2024 stood at 0.86% and 0.38% respectively, as against 0:87% and 0.31 % as of 30 June 2023. The Company has provisioning coverage ratio of 56% on stage 3 assets.
  • Capital adequacy ratio (CRAR) (including Tier-II capital) as of 30 June 2024 was 21 .65%. The Tier-I capital was 20.73%.
  • The Company enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL, ICRA, CARE and India Ratings, A1 for short-term debt programme from CRISIL, ICRA and India Ratings and AAA (Stable) for its fixed deposits programme from CRISIL and ICRA.
  • The Company has been assigned long-term issuer rating of BBB-/Stable and short-term issuer rating of A-3 by S&P Global ratings.

Result PDF

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Bajaj Finance Ltd shares SWOT Analysis

Strengths (6)

  • Increasing Revenue every Quarter for the past 4 Quarters
  • Increasing profits every quarter for the past 4 quarters
  • Annual Net Profits improving for last 2 years

Weakness (5)

  • Companies with High Debt
  • MFs decreased their shareholding last quarter
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years

Opportunity (2)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Street Favorite: High Analyst Rating with at least 20% upside

Threats (3)

  • Companies with growing costs YoY for long term projects
  • Increase in Provisions in Recent Results
  • RSI indicating price weakness
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Resistance and support

R1 6,843.1
R2 6,896.4
R3 6,984.4
Pivot

6,755.08

S1 6,701.8
S2 6,613.8
S3 6,560.5
EMA SMA
6,935.2
6,976.8
6,983.0
7,005.1
7,002.9
6,983.3
6,915.9
7,104.0
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
AIA VCC - AIA ASIAN EQUITY FUND Block Purchase 2023-11-16 7293.25 15139 BSE
AIA INTERNATIONAL LIMITED Block Sell 2023-11-16 7293.25 15139 BSE
AIA VCC - AIA ASIAN EQUITY FUND Block Purchase 2023-10-26 7442.3 15001 BSE
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Name Category Shares
BAJAJ FINSERV LIMITED PROMOTER 51.34%
MAHARASHTRA SCOOTERS LIMITED PROMOTER 3.07%

OUR RESEARCH VIEW

Investment recommendation
Healthy quarter, management rigour holds key for future…
Call Date
27 Apr 2023
Entry Price 6,200.00
Target Price 7,250.00
Duration
12-18 Month
BUY View Report
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FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Bajaj Finance Ltd Stocks COMPARISON

Financials( ₹ in Cr) Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Jio Financial Services Ltd Power Finance Corporation Ltd
Price 6,789.75 1,586.45 183.44 331.90 538.95
% Change 2.14 0.92 -0.07 0.82 2.65
Mcap ₹ Cr 420,282.81 253,302.44 239,728.67 210,865.50 177,859.00
Revenue TTM ₹ Cr 54,971.56 110,382.29 23,891.95 44.84 77,568.30
Net Profit TTM ₹ Cr 14,451.17 15,595.36 6,337.01 31.25 21,178.59
PE TTM 28.16 30.36 37.36 132.76 9.00
1 Year Return -10.74 -3.78 432.48 33.35 182.77
ROCE 11.92 13.15 5.32 0.03 9.38
ROE 22.05 29.22 14.66 0.02 27.18
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 76,398.14 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 3,555.27 41,445.87
LAST 3M 81,242.17 56,953.52
LAST 6M 176,360.83 56,552.99
LAST 12M 304,497.96 86,223.40
Bajaj Finance Limited - Shareholders meeting

Jul 24, 2024 l NSE Announcement

NSE Board Meetings Forthcomming

Jul 23, 2024 l NSE Board Meetings Forthcomming

Board Meetings Forthcomming

Jul 23, 2024 l Board Meetings Forthcomming

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Date Action Type Ratio
Jun 21, 2024 Dividend 1800
Jun 30, 2023 Dividend 1500
Jun 30, 2022 Dividend 1000
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Bajaj Finance Ltd Information

Stock PE (TTM)
28.16
Promoter Holding
54.7%
Book Value
1234.2293
ROCE
11.92%
ROE
22.05%
Description

  • Bajaj Finance Ltd. is a Pune-based finance company operating in the NBFC sector. It has a market capitalisation worth Rs. 453,505 crore as of April 4, 2022. On March 25, 1987, the company was incorporated as Bajaj Auto Finance Limited. As of December 2021, it reported consolidated net sales worth Rs. 8,532.58 crore, up 28.19% Y-o-Y. The company is listed on the Bombay Stock Exchange (BSE) with the code 500034 and the National Stock Exchange (NSE) with the code BAJFINANCE.

    Bajaj Finance Ltd. (BFL) is a subsidiary of Bajaj Finserv. It is involved in the business of lending and the acceptance of deposits. The company’s portfolio is diversified across retail, commercial, and SME customers with a significant presence in urban and rural India. Its primary revenue segments include interest, income from the sale of shares and securities, fees and commission income, and other operating revenue and service charges.

    The company was founded by Mr. Rahul Bajaj, who received the Padma Bhushan in 2001. Currently, Mr. Sanjiv Bajaj is the Chairman, and Mr. Rajeev Jain is the Managing Director. Mr. Sanjiv Bajaj received the coveted Business Leader of the Year Award at the ET Awards 2018. He was also the recipient of the EY Entrepreneur of the Year Award in 2017.

    Bajaj Finserv Ltd., the parent company, holds 52.65% of the total Bajaj Finance shares. Maharashtra Scooters Ltd., Government of Singapore, AXIS Long Term Equity Fund, and Smallcap World Fund INC are some of the other major investors. The FII, DII, and public holding is 22.85%, 10.11%, and 10.9%, respectively. The PE ratio of Bajaj Finance Ltd. as of April 4, 2022, is 75.36, while the PB ratio is 0.09.

    Investors compare Bajaj Finance Ltd. with Mahindra & Mahindra Financial Services Ltd., Bajaj Holdings, HDFC, SBI Cards, and Dhani Services Ltd. The Bajfinance share price has gone down by 2.66% over the last six months.

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Registered Address

Mumbai-Pune Road, Akurdi, Pune, Maharashtra, 411035

Tel : 91-20-30405060/71576403
Email : investor.service:bajajfinserv.in
Website : http://www.aboutbajajfinserv.com/finance-about-us
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500034
NSE Code : BAJFINANCE
Book Closure Date (Month) :
BSE Group : A
ISIN : INE296A01024

FAQ’s on Bajaj Finance Ltd Shares

You can buy Bajaj Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bajaj Finance Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 26, 2024 03:58 PM the closing price of Bajaj Finance Ltd was Rs.6,789.75.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 26, 2024 03:58 PM, the market cap of Bajaj Finance Ltd stood at Rs. 420,282.81 Cr.

The latest PE ratio of Bajaj Finance Ltd as of Jul 26, 2024 03:58 PM is 28.16

The latest PB ratio of Bajaj Finance Ltd as of Jul 26, 2024 03:58 PM is 0.18

The 52-week high of Bajaj Finance Ltd share price is Rs. 8,192.00 while the 52-week low is Rs. 6,187.80

According to analyst recommendations, Bajaj Finance Ltd Share has a "Buy" rating for the long term.

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