Bajaj Finserv Ltd - Stock Valuation and Financial Performance

BSE: 532978 | NSE: BAJAJFINSV | Finance - Investment | Large Cap

Bajaj Finserv Share Price

1,695.40 -8.05 -0.47%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Bajaj Finserv

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Bajaj Finserv stock performance -

mw4me loader
P/E Ratio (CD):
34.85
Market Cap:
2,71,783.5 Cr.
52-wk low:
1,306.9
52-wk high:
1,741.9

Is Bajaj Finserv Ltd an attractive stock to invest in?

1. Is Bajaj Finserv Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bajaj Finserv Ltd is a good quality company.

2. Is Bajaj Finserv Ltd undervalued or overvalued?

The key valuation ratios of Bajaj Finserv Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Bajaj Finserv Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Bajaj Finserv Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Bajaj Finserv:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bajaj Finserv Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)6,0227,58720,53324,50732,86242,60454,83360,59168,40682,07157,462
YoY Gr. Rt. %-26%170.6%19.4%34.1%29.6%28.7%10.5%12.9%20%-
Adj EPS (₹ ) 9.710.611.714.216.720.221.228.128.640.348.9
YoY Gr. Rt. %-9.5%10.3%21.4%17.2%21.5%4.7%32.7%1.9%40.7%-
BVPS (₹ )59.769.785.4101.4128.4148.7195.8223.7250.5288.4344.2
YoY Gr. Rt. %-16.8%22.6%18.7%26.6%15.8%31.7%14.2%12%15.1%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)3.132.932.92.92.62.82.73.30

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income33.7%20.1%14.4%20%
Adj EPS17.1%19.3%23.9%40.7%
BVPS19.1%17.6%13.8%15.1%
Share Price 36.1% 17.7% 22.8% 28.3%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Margins
Net Profit Margin (%)36.431.813.514.112.712.610.912.212.214.913.6
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)25.123.422.523.222.824.421.922.12228.514.2

Recent Performance Summary

Total Income has increased 14.39 CAGR in last 3 years

Net Profit has increased 23.92 CAGR in last 3 years

Total income growth is good in last 4 quarters

Return on Equity has declined versus last 3 years average to 15.50%

Latest Financials - Bajaj Finserv Ltd.

Standalone Consolidated
TTM EPS (₹) 7.3 48.9
TTM Sales (₹ Cr.) 1,661 57,462
BVPS (₹.) 40.6 344.2
Reserves (₹ Cr.) 6,317 54,757
P/BV 41.96 4.95
PE 231.96 34.85
From the Market
52 Week Low / High (₹) 1306.90 / 1741.85
All Time Low / High (₹) 8.71 / 1931.99
Market Cap (₹ Cr.) 2,71,784
Equity (₹ Cr.) 159.6
Face Value (₹) 1
Industry PE 48.5

Management X-Ray of Bajaj Finserv:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.010.010.010.010.010.010.010.010.010.01
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bajaj Finserv

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income6,0887,73020,53424,50832,86442,60754,83860,59168,43982,073
Interest Income6,0227,58720,53324,50732,86242,60454,83360,59168,40682,071
Other Income 66143012350332
Expenditure 3,1864,48416,73019,58326,76534,45246,53650,72957,16865,262
Interest Expense 1,5632,2302,8773,7164,5316,6579,5009,2749,62912,380
Operating Expenses 1,0671,41212,93014,61420,54625,49131,81035,04142,15648,995
Provisions 5558439231,2531,6892,3045,2276,4145,3823,887
Exceptional Items 0000000000
Profit Before Tax 2,9023,2463,8044,9256,0998,1558,3029,86211,27116,811
Taxes 7118371,0291,4751,9222,7812,3082,4952,9574,602
Profit After Tax 2,1912,4092,7753,4504,1765,3745,9947,3678,31412,210
Adjusted EPS (₹)9.710.611.714.216.720.221.228.128.640.3
Dividend Payout Ratio (%)2%2%1%1%1%1%2%1%1%2%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital9,49511,08913,59916,15020,48323,74031,30135,83040,24746,407
Share Capital 808080808080808080159
Reserves 9,41611,00913,51916,07120,40323,66131,22235,75040,16746,248
Minority Interest3542422658777201107741280819560224642607331191
Long Term Borrowings23,07134,55644,00355,02652,87045,64259,70664,50285,0801,01,135
Current Liabilities 38,11238,11140,14049,81276,6191,25,5531,39,9311,56,4221,81,3682,25,753
Trade Payables5,1155,3655,9847,4513,9993,9413,9394,8394,8226,331
Short term borrowings5,4734,2785,5388,89712,21653,62266,34263,09575,1011,09,819
Other Liabilities-10,588-9,643-11,522-16,348-16,215-57,562-70,281-67,934-79,923-1,16,150
Total Liabilities 74,22087,9821,03,6181,28,1901,60,7462,07,7432,50,4992,79,2183,32,7684,04,486

Assets

Non Current Asset 41,01549,12559,33670,5401,45,9691,86,6922,18,4572,45,7423,07,6963,73,283
Loan Asset 13,85218,12024,77932,02879,3721,12,8481,41,7431,47,1001,91,8532,42,750
Other Non Current Asset 27,16331,00534,55738,51266,59873,84476,71498,6431,15,8431,30,534
Current Asset 33,20538,85744,28257,65014,77621,05132,04233,47625,07231,202
Current Investment2,0503,7255,81910,4164,86010,30318,80818,7057,60210,869
Other Current Asset31,15435,13238,46347,2349,91710,74813,23414,77117,46920,333
Total Assets 74,22087,9821,03,6181,28,1901,60,7462,07,7432,50,4992,79,2183,32,7684,04,486

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0000-19,580-27,076-23,3694,547-33,670-39,480
Cash Flow From Investing Activity 0000-922-6,903-9,948-3,6841,445-13,945
Cash Flow From Financing Activity 000019,59034,53534,4791,68732,32651,016
Net Cash Flow 0000-9115551,1622,551101-2,409
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)9710611714216720221228128640
DPS (₹)2222235341
BVPS (₹)597697854101412841487195822372505288

Performance Ratios

ROA (%)3.13.02.93.02.92.92.62.82.73.3
ROE (%)25.123.422.523.222.824.421.922.122.028.5
ROCE (%)17.916.515.415.214.114.112.711.911.512.7

Valuation Parameters

Price/Book(x)1.32.02.04.04.04.72.34.36.84.4

Bajaj Finserv Ltd Stock News

Bajaj Finserv Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bajaj Finserv on 12-Apr-2024 10:20 is ₹1,695.4.
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 12-Apr-2024 10:20 the market cap of Bajaj Finserv stood at ₹2,71,783.5.
The latest P/E ratio of Bajaj Finserv as of 12-Apr-2024 10:20 is 232.0.
The latest P/B ratio of Bajaj Finserv as of 12-Apr-2024 10:20 is 41.96.
The 52-week high of Bajaj Finserv is ₹1,741.9 and the 52-week low is ₹1,306.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bajaj Finserv is ₹1,661 ( Cr.) .

About Bajaj Finserv Ltd

Bajaj Finserv (BFS) is the holding company under which there are three key financial sector businesses: (i) lending through Bajaj Finance (BFL), which is itself a listed company; (ii) general insurance, under Bajaj Allianz General Insurance Company (BAGIC); and (iii) life insurance, under Bajaj Allianz Life Insurance Company (BALIC). It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance and retirement and savings solutions. The insurance businesses are unlisted. In addition, there are wind farm assets in Maharashtra.

The company is a Core Investment Company (CIC) under the regulations of the Reserve Bank of India (RBI), not requiring registration with RBI. BFS and BFL adopted the Indian Accounting Standards (Ind AS) from 1 April 2018. Hence, the standalone and consolidated results of BFS for FY2019 are compliant with Ind AS. The financials for FY2018 have been restated to be Ind AS compliant and are, therefore, comparable.

Business area of the company

The company deals with financial services of the Bajaj Group. Its core businesses are spread across Lending, Insurance and Wealth Advisory.

Awards and Recognition

Sanjiv Bajaj, Managing Director & CEO, received the following awards:

  • Business World - India's Most Valuable CEOs in 2015 and 2016. 
  • Bombay Management Association (BMA) - Entrepreneur of the Year Award 2015-16.
  • Ernst & Young - EY Entrepreneur of the Year Award 2017. 
  • India Today- Top 50 Power List 2017-18.
  • Financial Express Best Banks Award 2019: Banker of the Year for 2017-18.
  • Asia Centre’s Leadership, Corporate Governance, Sustainability and CSR Awards: Transformation Leader Award (Large Cap Category) in 2018.
  • Entrepreneur of the Year India 2018 by AIMA.
  • Entrepreneur of the Year India 2018 by ET Awards, the most prestigious business awards in India.
  • Economic Times - ET Business Leader of the Year Award 2018.
  • Financial Express Best Banks Award: Banker of the Year 2019.
  • Entrepreneur of the Year India 2019 by All India Management Association (AIMA).

Key events:

  • FY09: Bajaj Finserv and Allianz Global investors sign shareholders agreement to set up an asset management joint venture company in India.
  • FY10: Bajaj Finserv (BFL) announces new brand identity and new businesses.
  • FY10: Bajaj Finserv forays into infrastructure Finance.
  • FY15: Bajaj Finserv is classified as a ‘core investment company’ as it does not have any public funds including deposits or borrowings.
  • FY15: Bajaj Allianz General Insurance Company Funds Maharashtra’s first dedicated multi-specialty Centre for Epilepsy care as part of its CSR.
  • FY15: Bajaj Finserv partners with SSBF as part of its CSR initiative.
  • FY20: Bajaj Group commits Rs 100 crore for the fight against covid-19.
  • FY20: Bajaj Finserv ties up with Narayana Nethralaya.
  • FY20: Bajaj Finserv offers honeymoon holiday cover.
  • FY20: Bajaj Finserv offers attractive discounts, coupon deals on Vivo Smartphones.
  • FY21: Bajaj Finserv launches a new health-tech venture - Bajaj Finserv Health.
  • FY21: Bajaj Finserv partners with Reliance Digital.
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