Bajaj Holdings & Investment Limited
₹10,220.50+₹70.50 (+0.7%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,19,328 Cr
- P/E
- 46.0x
- EV / EBITDA
- 39.1x
- Revenue
- ₹1,573 Cr
- Net margin
- 91.2%
- ROCE
- 7.1%
Price chart
Technical chartScreen technicals →-17.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -5.2%
- 3M
- -6.8%
- 6M
- -0.5%
- 1Y
- -17.9%
- 5Y
- +106.2%
52-week range
Day change +₹70.50 (+0.7%) from ₹10,150 to ₹10,221 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in BAJAJHLDNG, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 50.0%
Concerns1
- Low return on equity of 6.7%
Rule-based from financial data. Not advice.
About the company
Bajaj Holdings & Investment Limited, an investment holding company, operates as a non-banking financial institution-investment and credit company in India. It invests in listed and unlisted securities of companies. The company was incorporated in 1945 and is headquartered in Pune, India.
- Sector
- Financial Services
- Shares outstanding
- 11.1 Cr shares
- ISIN
- INE118A01012
- BSE code
- 500490
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,19,328 Cr
- P/E
- 46.0x
- P/B
- 5.2x
- EV / EBITDA
- 39.1x
- EV / Sales
- 37.6x
- P/S
- 37.6x
- Earnings yield
- 2.2%
- 52-week high
- ₹13,144.15
- 52-week low
- ₹8,744.00
Profitability
- Operating margin
- 96.2%
- Net margin
- 91.2%
- EBITDA margin
- 96.2%
- ROE
- 6.7%
- ROCE
- 7.1%
- ROA
- 14.7%
- Dividend payout
- 50.0%
- Tax rate
- 4.0%
- Other income, % of PBT
- 0.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,573 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -50.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.6%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,055 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 68.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -55.4%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,875 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹42.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 20.7%
Solvency and efficiency
- Current ratio
- 24.21
- Debt / Assets
- 0.00
- Debt / EBITDA
- 0.02
- Financial leverage
- 1.05
- CFO / Net profit
- 0.65
- Cash / Market cap
- 0.2%
- Cash per share
- ₹16.09
- Asset turnover
- 0.16
- Fixed asset turnover
- 13.57
- Capital intensity
- 0.07
- Debtor days
- 0 days
- Cash conversion cycle
- 0 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹82 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹154 Cr |
| Sales | Operating profit | ₹1,419 Cr |
| Operating profit | Interest | ₹1 Cr |
| Operating profit | Depreciation | ₹32 Cr |
| Operating profit | Profit before tax | ₹1,386 Cr |
| Other income | Profit before tax | ₹27 Cr |
| Profit before tax | Tax and other | ₹121 Cr |
| Profit before tax | Net profit | ₹1,292 Cr |
Revenue and net profit
Revenue fell 50.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹426 Cr | ₹199 Cr |
| FY2022 | ₹1,831 Cr | ₹1,631 Cr |
| FY2023 | ₹1,933 Cr | ₹1,712 Cr |
| FY2024 | ₹3,176 Cr | ₹2,896 Cr |
| FY2025 | ₹1,573 Cr | ₹1,292 Cr |
Cash flows
FY2025: -₹1,987 Cr from operations, ₹1,032 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹225 Cr | ₹37 Cr |
| FY2022 | ₹1,581 Cr | ₹1,475 Cr |
| FY2023 | ₹1,669 Cr | ₹1,536 Cr |
| FY2024 | ₹1,875 Cr | ₹1,415 Cr |
| FY2025 | -₹1,987 Cr | ₹1,032 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,573 Cr-50.5%1Y
- Net profit
- ₹1,292 Cr-55.4%1Y
- Cash from operations
- -₹1,987 Cr
- Free cash flow
- ₹1,032 Cr-27.1%1Y
- Revenue CAGR, 5Y
- 7.6%
- EBITDA CAGR, 5Y
- 7.9%
- Net profit CAGR, 5Y
- 9.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,573 Cr | ₹1,419 Cr | — | ₹1,292 Cr | -₹1,987 Cr | ₹1,032 Cr | 6.7% | -50.5% | -55.4% |
Monthly returns
Month-by-month returns of BAJAJHLDNG across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹19,863 Cr |
| Equity capital | ₹111 Cr |
| Reserves | ₹19,261 Cr |
| Borrowings | ₹31 Cr |
| Other liabilities | ₹460 Cr |
| Assets | ₹19,863 Cr |
| Fixed assets | ₹203 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹18,432 Cr |
| Other assets | ₹1,228 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
BAJAJHLDNG trades at 46.0x earnings against a peer median of 26.9x (a 71% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Bajaj Holdings & Investment LimitedBAJAJHLDNGthis companyP/E ↑ premium | ₹1.2 L Cr | 46.0x | 5.2x | 6.7% | 39.1x |
| Punjab National BankPNB | ₹1.4 L Cr | 9.1x | 1.1x | 13.1% | — |
| Canara BankCANBK | ₹1.4 L Cr | 7.3x | 1.3x | 17.0% | — |
| ICICI Prudential Asset Management Company LimitedICICIAMC | ₹1.3 L Cr | 45.1x | — | 75.4% | 47.5x |
| Union Bank of IndiaUNIONBANK | ₹1.3 L Cr | 7.1x | 1.0x | 15.9% | — |
| Power Finance Corporation LtdPFC | ₹1.2 L Cr | 6.7x | 1.3x | 19.1% | — |
| IDBI Bank LtdIDBI | ₹1.1 L Cr | 11.6x | 1.7x | 12.5% | — |
| Indian BankINDIANB | ₹1.1 L Cr | 9.3x | 1.5x | 15.8% | — |
| HDFC Asset Management Company LimitedHDFCAMC | ₹1.1 L Cr | 38.8x | 13.7x | 30.3% | 41.9x |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
BAJAJHLDNG since 1 January, against earlier years.
Historical volatility
BAJAJHLDNG's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 80.0% |
| FY2022 | 95.0% |
| FY2023 | 94.0% |
| FY2024 | 96.0% |
| FY2025 | 90.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,573 Cr |
| Costs | |
| Interest | ₹1 Cr |
| Expenses | ₹154 Cr |
| Operating profitOperating Profit | ₹1,419 Cr |
| Other income and charges | |
| Profit before tax | ₹1,413 Cr |
| Tax | |
| Net profitNet Profit | ₹1,292 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹19,863 Cr |
| Equity capitalEquity Capital | ₹111 Cr |
| Reserves | ₹19,261 Cr |
| Borrowings | ₹31 Cr |
| Other liabilitiesOther Liabilities | ₹460 Cr |
| AssetsTotal Assets | ₹19,863 Cr |
| Fixed assetsFixed Assets | ₹203 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹18,432 Cr |
| Other assetsOther Assets | ₹1,228 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹1,987 Cr |
| Investing cash flowCash from Investing Activity | ₹3,019 Cr |
| Financing cash flowCash from Financing Activity | -₹990 Cr |
| Change in cashNet Cash Flow | ₹42 Cr |
Learn while you research
Academy chapters picked for Bajaj Holdings & Investment Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 46.0, learn when high multiples are justified.6 min read
- 04 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read