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Bajaj Finance Ltd share Price Today

Company details

7,156.30
7,264.00
5,828.00
8,192.00
6M Return -10.57%
1Y Return 24.03%
Mkt Cap.(Cr) 446,802.82
Volume 1,092,588
Div Yield 0.41%
OI
-
OI Chg %
-
Volume 1,092,588

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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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Non-banking Financial company Bajaj Finance announced Q3FY24 results:

  • New Loans Booked:

    • The number of new loans booked experienced a robust growth of 26% in Q3FY24, reaching 9.86 million, compared to 7.84 million in Q3FY23.
  • Customer Franchise:

    • The customer franchise expanded significantly, reaching 80.41 million as of December 31, 2023, compared to 66.05 million as of December 31, 2022, reflecting a remarkable 22% growth.
    • A record-breaking quarterly increase of 3.85 million was recorded in Q3FY24.
  • Assets Under Management (AUM):

    • AUM witnessed a substantial growth of 35%, totaling Rs 310,968 crore as of December 31, 2023, compared to Rs 230,842 crore as of December 31, 2022.
    • Q3FY24 alone contributed to a growth of Rs 20,704 crore in AUM.
  • Net Interest Income:

    • Net interest income exhibited a robust growth of 29% in Q3FY24, reaching Rs 7,655 crore, compared to Rs 5,922 crore in Q3FY23.
  • Net Total Income:

    • Q3FY24 saw a significant increase of 25% in net total income, totaling Rs 9,298 crore, compared to Rs 7,438 crore in Q3FY23.
  • Operating Efficiency:

    • Operating expenses to net total income for Q3FY24 improved to 33.9%, compared to 34.8% in Q3FY23, indicating efficient cost management.
  • Pre-Provisioning Operating Profit:

    • Pre-provisioning operating profit recorded a robust growth of 27% in Q3FY24, reaching Rs 6,142 crore from Rs 4,853 crore in Q3FY23.
  • Loan Losses and Provisions:

    • Loan losses and provisions in Q3FY24 amounted to Rs 1,248 crore, compared to Rs 841 crore in Q3FY23. The company holds a management and macro-economic overlay of Rs 590 crore as of December 31, 2023.
  • Profit Before Tax:

    • Profit before tax increased by 22% in Q3FY24, totaling Rs 4,896 crore from Rs 4,012 crore in Q3FY23. However, profit growth was impacted by approximately 5-6% due to elevated loan losses and the impact of Regulatory action.
  • Profit After Tax:

    • Profit after tax increased by 22% in Q3FY24, reaching Rs 3,639 crore from Rs 2,973 crore in Q3FY23.
  • Asset Quality:

    • Gross NPA and Net NPA as of December 31, 2023, stood at 0.95% and 0.37%, respectively, showing an improvement from December 31, 2022.
    • The company maintains a provisioning coverage ratio of 62% on stage 3 assets as of December 31, 2023.
  • Capital Adequacy Ratio (CAR):

    • The capital adequacy ratio (CAR) as of December 31, 2023, was 23.87%, with Tier-I capital at 22.80%. Adjusted for the RBI's risk weight change, CAR would have been 26.77%.
  • Credit Ratings:

    • The company holds the highest credit rating of AAA/Stable for its long-term debt program from CRISIL, ICRA, CARE, and India Ratings.
    • Short-term debt program holds an A1 rating from CRISIL, ICRA, and India Ratings.
    • The fixed deposits program is rated AAA (Stable) by CRISIL and ICRA.

 

 

Result PDF

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Bajaj Finance Ltd shares SWOT Analysis

Strengths (10)

  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (4)

  • Companies with High Debt
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (3)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 7,276.9
R2 7,324.3
R3 7,384.6
Pivot

7,216.62

S1 7,169.2
S2 7,108.9
S3 7,061.5
EMA SMA
7,015.5
6,917.6
6,999.9
7,039.0
6,941.6
6,738.1
7,036.6
7,252.0
Delivery and volume
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
Name Category Shares
BAJAJ FINSERV LIMITED PROMOTER 51.42%
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

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Bajaj Finance Ltd Stocks COMPARISON

Financials( in Cr) Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd Power Finance Corporation Ltd
Price 7,229.55 1,698.65 372.20 145.30 403.00
% Change -0.01 -0.32 0.47 -0.95 -0.90
Mcap Cr 446,802.82 271,017.74 236,469.23 189,885.39 132,994.11
Revenue TTM Cr 41,398.35 82,071.70 44.84 23,891.95 77,568.30
Net Profit TTM Cr 11,507.69 12,209.54 31.25 6,337.01 21,178.59
PE TTM 32.45 34.74 0.00 31.46 7.07
1 Year Return 24.03 30.16 49.54 427.40 202.73
ROCE 11.76 12.69 0.03 5.32 9.38
ROE 23.46 28.18 0.02 14.66 27.18
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 54,371.98 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,771.53 7,735.64
LAST 3M 82,392.14 52,275.07
LAST 6M 132,482.07 84,624.18
LAST 12M 206,189.80 211,987.34
Bajaj Finance Limited - Disclosure under SEBI Takeover Regulations

Apr 12, 2024 l NSE Announcement

Bajaj Finance Limited - Loss of Share Certificates

Apr 08, 2024 l NSE Announcement

Date Action Type Ratio
Jun 30, 2023 Dividend 1500
Jun 30, 2022 Dividend 1000

Bajaj Finance Ltd Information

Stock PE (TTM)
32.45
Promoter Holding
54.78%
Book Value
1109.4541
ROCE
11.76%
ROE
23.46%
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.

    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.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

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 Apr 12, 2024 04:05 PM the closing price of Bajaj Finance Ltd was ₹ 7,229.55.

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 Apr 12, 2024 04:05 PM, the market cap of Bajaj Finance Ltd stood at ₹ 446,802.82.

The latest PE ratio of Bajaj Finance Ltd as of Apr 12, 2024 04:05 PM is 32.45

The latest PB ratio of Bajaj Finance Ltd as of Apr 12, 2024 04:05 PM is 0.15

The 52-week high of Bajaj Finance Ltd share price is ₹ 8,192.00 while the 52-week low is ₹ 5,828.00

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

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