Bajaj Finserv Ltd - Stock Valuation and Financial Performance

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

Bajaj Finserv Share Price

1,597.05 9.00 0.57%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Bajaj Finserv

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Bajaj Finserv stock performance -

mw4me loader
P/E Ratio (CD):
31.30
Market Cap:
2,54,994.9 Cr.
52-wk low:
1,419
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 Semi Strong which suggest that the price of Bajaj Finserv Ltd is likely to Rise-somewhat 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Operating Income (₹ Cr.)7,58720,53324,50732,86242,60454,83360,59168,40682,0711,10,3821,10,382
YoY Gr. Rt. %-170.6%19.4%34.1%29.6%28.7%10.5%12.9%20%34.5%-
Adj EPS (₹ ) 10.611.714.216.720.221.228.128.640.351.151
YoY Gr. Rt. %-10.3%21.4%17.2%21.5%4.7%32.7%1.9%40.7%26.9%-
BVPS (₹ )69.785.4101.4128.4148.7195.8223.7250.5288.4374.6374
YoY Gr. Rt. %-22.6%18.7%26.6%15.8%31.7%14.2%12%15.1%29.9%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)32.932.92.92.62.82.73.33.30

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income34.7%21%22.1%34.5%
Adj EPS19.1%20.4%22.1%26.9%
BVPS20.6%20.3%18.8%29.9%
Share Price 33% 15.6% 7.1% -1.1%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Margins
Net Profit Margin (%)31.813.514.112.712.610.912.212.214.914.17.4
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)23.422.523.222.824.421.922.12228.529.513.6

Recent Performance Summary

Total Income has increased 22.13 CAGR in last 3 years

Net Profit has increased 22.08 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 13.60%

Latest Financials - Bajaj Finserv Ltd.

Standalone Consolidated
TTM EPS (₹) 7.3 51
TTM Sales (₹ Cr.) 1,699 1,10,382
BVPS (₹.) 38.4 374
Reserves (₹ Cr.) 5,973 59,556
P/BV 41.58 4.27
PE 217.93 31.30
From the Market
52 Week Low / High (₹) 1419.00 / 1741.85
All Time Low / High (₹) 8.71 / 1931.99
Market Cap (₹ Cr.) 2,54,995
Equity (₹ Cr.) 159.7
Face Value (₹) 1
Industry PE 51.1

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income7,73020,53424,50832,86442,60754,83860,59168,43982,0731,10,391
Interest Income7,58720,53324,50732,86242,60454,83360,59168,40682,0711,10,382
Other Income 1430123503329
Expenditure 4,48416,73019,58326,76534,45246,53650,72957,16865,26289,016
Interest Expense 2,2302,8773,7164,5316,6579,5009,2749,62912,38018,607
Operating Expenses 1,41212,93014,61420,54625,49131,81035,04142,15648,99564,705
Provisions 8439231,2531,6892,3045,2276,4145,3823,8875,705
Exceptional Items 0000000000
Profit Before Tax 3,2463,8044,9256,0998,1558,3029,86211,27116,81121,375
Taxes 8371,0291,4751,9222,7812,3082,4952,9574,6025,780
Profit After Tax 2,4092,7753,4504,1765,3745,9947,3678,31412,21015,595
Adjusted EPS (₹)10.611.714.216.720.221.228.128.640.351.1
Dividend Payout Ratio (%)2%1%1%1%1%2%1%1%2%2%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Equity Capital11,08913,59916,15020,48323,74031,30135,83040,24746,40760,329
Share Capital 8080808080808080159159
Reserves 11,00913,51916,07120,40323,66131,22235,75040,16746,24860,169
Minority Interest42265877720110774128081956022464260733119143447
Long Term Borrowings34,55644,00355,02652,87045,64259,70664,50285,0801,01,1351,29,047
Current Liabilities 38,11140,14049,81276,6191,25,5531,39,9311,56,4221,81,3682,25,7533,04,079
Trade Payables5,3655,9847,4513,9993,9413,9394,8394,8226,3318,142
Short term borrowings4,2785,5388,89712,21653,62266,34263,09575,1011,09,8191,58,585
Other Liabilities-9,643-11,522-16,348-16,215-57,562-70,281-67,934-79,923-1,16,150-1,66,727
Total Liabilities 87,9821,03,6181,28,1901,60,7462,07,7432,50,4992,79,2183,32,7684,04,4865,36,901

Assets

Non Current Asset 49,12559,33670,5401,45,9691,86,6922,18,4572,45,7423,07,6963,73,2834,92,270
Loan Asset 18,12024,77932,02879,3721,12,8481,41,7431,47,1001,91,8532,42,7503,26,742
Other Non Current Asset 31,00534,55738,51266,59873,84476,71498,6431,15,8431,30,5341,65,528
Current Asset 38,85744,28257,65014,77621,05132,04233,47625,07231,20244,631
Current Investment3,7255,81910,4164,86010,30318,80818,7057,60210,8699,295
Other Current Asset35,13238,46347,2349,91710,74813,23414,77117,46920,33335,336
Total Assets 87,9821,03,6181,28,1901,60,7462,07,7432,50,4992,79,2183,32,7684,04,4865,36,901

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 000-19,580-27,076-23,3694,547-33,670-39,480-68,674
Cash Flow From Investing Activity 000-922-6,903-9,948-3,6841,445-13,945-10,960
Cash Flow From Financing Activity 00019,59034,53534,4791,68732,32651,01682,709
Net Cash Flow 000-9115551,1622,551101-2,4093,075
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)1061171421672022122812864051
DPS (₹)2222353411
BVPS (₹)697854101412841487195822372505288375

Performance Ratios

ROA (%)3.02.93.02.92.92.62.82.73.33.3
ROE (%)23.422.523.222.824.421.922.122.028.529.5
ROCE (%)16.515.415.214.114.112.711.911.512.713.2

Valuation Parameters

Price/Book(x)2.02.04.04.04.72.34.36.84.44.4

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-Jul-2024 16:01 is ₹1,597.1.
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-Jul-2024 16:01 the market cap of Bajaj Finserv stood at ₹2,54,994.9.
The latest P/E ratio of Bajaj Finserv as of 12-Jul-2024 16:01 is 217.9.
The latest P/B ratio of Bajaj Finserv as of 12-Jul-2024 16:01 is 41.58.
The 52-week high of Bajaj Finserv is ₹1,741.9 and the 52-week low is ₹1,419.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bajaj Finserv is ₹1,699 ( 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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