NSE/BAJAJHLDNG

BAJAJHLDNGBajaj Holdings & Investment Ltd

Financial Services · NSE

₹10,355.5+1.47%

52-wk low52-WEEK RANGE52-wk high

₹8,746+18.4% from low ·-28.7% from high₹14,523

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

BAJAJHLDNG-6.64% · 1Y

Range high ₹14,763Range low ₹8,588Latest ₹10,355.5252 bars · daily-close · NSE bhavcopy + 10Y history

Financial ServicesAsset ManagementBajaj GroupLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite38/100

Performance

Low

Hasn't fared well — amongst the weak performers.

· 52w return -15.2% — underperformer
· Below 200-DMA (-11.8%) — downtrend

Valuation

Low

Appears to be fairly valued to cheap vs peers.

· P/E 13.2 vs sector median 18.5 — 29% cheaper
· P/B 1.70 below sector median 2.13

Growth

Medium

Steady but not standout growth.

· Revenue YoY +89.9% — strong top-line
· Profit YoY +15.3%

Profitability

Low

Profitability is a concern.

· ROE 12.9%
· Net margin 0.0% — loss-making

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(60/100)

Durability

65/100

Reasonable financial health; watch the weaker inputs.

Show 3 drivers

Piotroski F-score4/8 (50pt)
Debt/Equity0.00 (100pt)
ROE12.9% (52pt)

Valuation

65/100

Fairly priced — not a bargain, not stretched.

Show 4 drivers

P/E vs sector (13.2 / 18.5)71% (99pt)
P/B1.70 (70pt)
Dividend yield1.26% (32pt)
EV/EBITDA124.9 (0pt)

Momentum

49/100

Momentum is muted; trend is unclear or rolling over.

Show 5 drivers

52w change-15.2% (26pt)
DMA-trend alignmentsideways (50pt)
RSI (14)60.2 (95pt)
Price vs 200-DMA-13.2% (34pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)13.16

FAIR

CheapestP/E 13.2 near sector median.Most expensive

P/B1.70

FAIR

CheapestP/B 1.70 at 36th %ile of sector.Most expensive

EV/EBITDA124.86

OVERVALUED

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Jul +6.02% · Worst: Mar -5.65%

Jan

-0.0%

45% win

Feb

+2.3%

67% win

Mar

-5.7%

33% win

Apr

+2.6%

50% win

May

+3.6%

64% win

Jun

+5.2%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+1.92%

Median

+1.40%

Std dev

8.94%

Best

+32.8%

Worst

-46.9%

% positive

59%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 1

Lean balance sheet (D/E 0.00)
Low leverage means earnings are less sensitive to rate cycles

WEAKNESSES · 0

No material weaknesses flag from the numbers

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+1.5%

+3.6%

+8.9%

-7.6%

-13.7%

-4.2%

+19.2%

+22.9%

10Y

+21.1%

Fundamentals

VALUATION

Market cap

₹1,15,612 Cr

P/E (TTM)

13.2

P/E (fwd)

—

next 12m

P/B

1.70

EV/EBITDA

124.9

Book value

₹6095.89

per share

PROFITABILITY · QUALITY

ROE

12.9%

ROCE

—

Net margin

0.0%

Op margin

83.7%

Gross margin

99.3%

D/E

0.00

GROWTH · MARKET

Rev YoY

+89.9%

Profit YoY

+15.3%

Div yield

1.26%

Payout

11.8%

52w change

-15.2%

Beta

0.01

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Trading at -28.9% vs sector median P/EP/E 13.2 vs Financial Services median 18.5 — relative value on earnings
+Strong operating margin (83.7%)Meaningful pricing power or cost discipline — above most Indian companies
+Revenue growing at +89.9% YoYGrowth-category territory — implies market-share gains or market expansion
+3-year revenue CAGR of 16.3%Sustained multi-year growth — not a one-quarter flash
+Nearly debt-free (D/E 0.00)Low financial risk — funds growth from internal accruals, resilient in downturns

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Financial Services · 58 peers

P/E (TTM)

This stock

13.16

Sector median

18.51

Rank 19/58 (69th %ile)

ROE

This stock

12.9%

Sector median

13.6%

Rank 32/58 (47th %ile)

P/B

This stock

1.70

Sector median

2.13

Rank 21/58 (66th %ile)

Quality score · Piotroski F-score

4 / 8

Mixed quality — several weak points

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
—Operating margin expanded YoY· Pricing power or cost discipline
✗

Company + balance sheet snapshot

Industry

Asset Management

Employees

Shares out

11.1

Revenue (TTM)

₹1,195 Cr

EBITDA

₹1,002 Cr

Total debt

₹15 Cr

Cash

₹938 Cr

Net debt

₹-923 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	1,820	1,754	3,753	2,027	2,133
Interest	—	0	0	0	0	0
PBT	—	1,781	1,789	3,704	1,976	2,084

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	4,373	5,183	7,665	6,875
Interest	3	7	2	1
Depreciation	34	34	34	34
PBT	4,226	5,012	7,493	6,748
Tax %

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
BAJAJHLDNGTHIS Bajaj Holdings & Investment Limited	₹10,355.5	-15.2%	1,15,612	13.2	1.70	12.9%	0.00	+89.9%
HDFCBANK HDFC Bank Limited	₹799.9	-58.5%	12,24,457	17.8	2.17	13.8%	—	-1.8%
SBIN State Bank of India	₹1,080.25	+32.3%	10,22,614	12.1	1.73	14.3%	—	+14.5%
ICICIBANK ICICI Bank Limited	₹1,346.8	-4.5%	9,71,609	18.5	2.78	16.4%	—	+66.9%
BAJFINANCE Bajaj Finance Limited	₹908.25	-90.2%	5,70,505	31.7	5.52	17.4%	3.10	+6.4%
AXISBANK Axis Bank Limited	₹1,359.1	+11.1%	4,21,100	16.1	2.03	13.6%	—	+5.7%
KOTAKBANK Kotak Mahindra Bank Limited	₹383.6	-82.9%	3,77,170	20.1	2.24	11.2%	—	+24.2%
BAJAJFINSV Bajaj Finserv Limited	₹1,838.9	-12.6%	2,92,438	30.5	3.81	12.5%	2.38	+24.8%
SHRIRAMFIN Shriram Finance Limited	₹1,036.95	+47.5%	2,45,891	21.5	3.24	15.1%	2.79	+21.4%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Date	Amount
2025-09-22	₹65.00
2025-06-27	₹28.00
2024-09-25	₹65.00
2024-06-28	₹21.00
2023-09-28	₹110.00
2023-06-30	₹13.00
2022-09-22	₹110.00
2022-06-30	₹25.00
2021-09-28	₹90.00
2021-07-08	₹40.00
2020-03-03	₹40.00
2019-07-11	₹32.50
2018-07-05	₹40.00
2017-07-06	₹32.50
2016-07-14	₹7.50

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	111	111	111	111
Reserves	14,758	17,871	23,397	31,854
Borrowings	114	93	63	31
Total liabilities	53,588	53,188	65,161	75,266
Fixed assets	132	104	73	36
Investments	26,766	23,682	30,455	32,873
Total assets	53,588	53,188	65,161	75,266

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	1,610	1,728	1,941	-1,957
CF Investing	-151	-137	-472	3,054
CF Financing	-1,460	-1,587	-1,455	-1,055
Net cash flow	-1	4	14	43
Free cash flow	1,608	1,726	1,941	-1,958

Metric	2025-FY	2024-FY	2023-FY	2022-FY
Net margin %	94.8%	94.8%	93.6%	92.8%
ROE %	23.5%	35.0%	29.5%	27.3%
ROCE %	24.3%	36.0%	30.4%	28.2%
Debt / Equity	0.00	0.00	0.01	0.01
Dividend payout %	15%	19%	31%	36%
Interest coverage	4560.3×	3469.8×	723.1×	1342.6×
Revenue growth YoY	-10.3%	+47.9%	+18.5%	—
Profit growth YoY	-10.3%	+49.8%	+19.6%	—

BAJAJHLDNGBajaj Holdings & Investment Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Financial Services

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Technical snapshot

Dividends + splits history

Stock scorecard

Recent news

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Company + balance sheet snapshot

Quarterly results

Annual P&L

SWOT analysis

Balance sheet

Cash flow statement

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Ratios

Peer comparison · Financial Services