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.
The Bajaj Finance share price on NSE on April 4, 2022, was Rs. 7,490.65. The Bajaj Finance share price today on BSE was Rs. 7,488.65. The 52-week range for Bajaj Finance share price was the lowest at Rs. 4,361.60 and the highest at Rs. 8,043.50.
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