MarketFriction

Bajaj Housing Finance Ltd

NSE BAJAJHFL · BSE 544252 · Housing Finance Company
₹82.91 +1.11%
NSE close2026-10-01
52 week range72.65 - 113.45
Market cap₹67,709 Cr.
P/E25.0
IPO 2024 · +18% since Nifty 500Midcap 150 Price band 10% Delivery 54.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,9111,9461,9962,2092,4102,4492,5042,6162,7552,8842,9033,063
Interest1,1511,2001,2791,3991,5141,5161,5511,6061,6581,7341,7621,888
Expenses176164219170179210222244253261262233
Financing Profit585582498640718723731765844890878942
Financing Margin %31%30%25%29%30%30%29%29%31%31%30%31%
Other Income000000030-1300
Depreciation101010101010111112121313
Profit before tax575572488630708713720757833865866929
Tax %22%24%22%23%23%23%18%23%23%23%23%23%
Net Profit451437381483546548587583643665669715
EPS in Rs0.670.650.570.620.660.660.700.700.770.800.800.86
Gross NPA %0.24%0.25%0.27%0.28%0.29%0.29%0.29%0.30%0.26%0.27%0.27%0.29%
Net NPA %0.09%0.10%0.10%0.11%0.12%0.13%0.11%0.13%0.12%0.11%0.11%0.12%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue2653,1553,7675,6657,6179,55411,15011,604
Interest1621,9682,1573,2134,6955,9816,7617,042
Expenses445526247187217591,0071,009
Financing Profit596359861,7332,2012,8143,3813,554
Financing Margin %22%20%26%31%29%29%30%31%
Other Income-00-00-0-2-14-13
Depreciation222263340414749
Profit before tax576139601,7002,1612,7703,3203,492
Tax %26%26%26%26%20%22%23%
Net Profit424537101,2581,7312,1632,5602,692
EPS in Rs0.090.931.451.872.582.603.073.23
Dividend Payout %0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%29%25%16%
Compounded Profit Growth%41%27%19%
Stock Price CAGR%%%-26%
Return on Equity%13%13%12%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4884,8834,8836,7126,7128,3288,329
Reserves701,1491,8583,7915,52111,61914,194
Borrowing2,56031,60141,49253,74569,12982,072103,704
Other Liabilities19226293406464790920
Total Liabilities3,13737,85848,52764,65481,827102,809127,147
Fixed Assets97997113123141154
CWIP0010110
Investments2513,2661,2482,0011,9392,5332,502
Other Assets2,87834,51347,18062,54079,765100,134124,491
Total Assets3,13737,85848,52764,65481,827102,809127,147
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1,024-5,076-12,481-14,332-14,600-17,075-19,895
Cash from Investing Activity-69-7972,197-611-555-798-1,202
Cash from Financing Activity1,1495,67610,22814,63015,12517,87021,197
Net Cash Flow55-197-55-313-30-2100
Free Cash Flow-1,027-5,089-12,508-14,362-14,640-17,111-19,938
CFO/OP-458%-188%-389%-282%-204%-187%-189%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %8%14%11%15%15%13%12%
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters88.75%88.75%88.75%88.70%88.70%86.70%86.70%86.70%
FIIs1.68%1.11%1.12%1.04%0.91%0.94%0.99%0.90%
DIIs1.83%0.82%0.72%0.59%0.54%1.39%1.18%1.00%
Government0.11%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public7.63%9.32%9.40%9.61%9.81%10.92%11.10%11.34%
Others0.00%0.00%0.00%0.05%0.04%0.04%0.04%0.04%
No. of Shareholders23,09,51826,45,57426,05,36825,10,34024,45,28024,28,40923,64,07423,15,861

Fundamentals

Market Cap₹ 67,709 Cr.
Current Price₹ 81.3
Stock P/E25.0
Book Value₹ 27.0
ROCE8.85 %
ROE12.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)19%
Standalone figures.
Valuation
Market capRs 55,650 Cr
Enterprise valueRs 109,287 Cr
P/E (TTM)20.67x
Price to book5.30x
Price to sales4.80x
EV / EBITDA10.33x
EV / EBIT10.37x
EV / sales9.42x
Earnings yield4.84%
Profitability
Operating margin (excl. other income)87.33%
Operating margin (incl. other income)87.33%
EBITDA margin91.20%
Pre-tax margin30.09%
Net profit margin23.20%
Net margin, latest quarter23.35%
ROE14.59%
ROCE8.74%
ROA2.22%
ROE, 3-year average13.15%
ROCE, 3-year average9.55%
ROA, 3-year average2.03%
ROIC (approx.)12.15%
Tax rate26.01%
Other income / net worth0.00%
Growth
Sales growth (latest year)50.39%
Profit growth (latest year)77.25%
Sales CAGR, 3 years177.67%
Profit CAGR, 3 years210.22%
Sales growth QoQ5.53%
Profit growth QoQ6.89%
Sales growth YoY (latest quarter)17.10%
Profit growth YoY (latest quarter)22.63%
Per share
EPS (TTM)Rs 4.01
EPS (latest year)Rs 1.87
EPS (latest quarter)Rs 1.07
EPS, 3-year averageRs 1.42
Book value per shareRs 15.65
Sales per shareRs 17.29
Cash flow per shareRs -21.35
Free cash flow per shareRs -29.70
Efficiency
Asset turnover0.09x
Fixed asset turnover50.13x
Debtor days0 days
Debtors turnover3562.72x
Leverage
Total debtRs 53,745 Cr
Cash and bankRs 109 Cr
Net debtRs 53,637 Cr
Debt to equity5.12x
Net debt / EBITDA5.07x
Interest coverage1.50x
Owners' fund to total sources16.25%
Debt to assets83.13%
Cash flow
Cash from Operating Activity (latest year)Rs -14,332 Cr
Cash from Investing Activity (latest year)Rs -611 Cr
Cash from Financing Activity (latest year)Rs 14,630 Cr
Net Cash Flow (latest year)Rs -313 Cr
Free cash flow (latest year)Rs -19,938 Cr
FCFE (approx.: FCF + change in debt)Rs -7,685 Cr
Cash from ops / profit, 5 years-9.31x
Statement figures
Net sales (TTM)Rs 11,604 Cr
Net sales (latest year)Rs 5,665 Cr
Sales (latest quarter)Rs 3,063 Cr
Operating profit excl. other income (latest year)Rs 4,947 Cr
Operating profit (latest quarter)Rs 2,830 Cr
Other income (TTM)Rs -13 Cr
EBITDA (TTM)Rs 10,583 Cr
PBDT (TTM)Rs 3,541 Cr
Profit before tax (TTM)Rs 3,492 Cr
Tax (latest year)Rs 442 Cr
Net profit (TTM)Rs 2,692 Cr
Net profit (latest year)Rs 1,258 Cr
Net profit (latest quarter)Rs 715 Cr
Depreciation (TTM)Rs 49 Cr
Depreciation (latest quarter)Rs 13 Cr
Interest (TTM)Rs 7,042 Cr
Cost of goods sold (latest year)Rs 29 Cr
Total expenditure (latest year)Rs 718 Cr
Total income (latest year)Rs 5,665 Cr
Share capitalRs 6,712 Cr
ReservesRs 3,791 Cr
Shareholders' fundsRs 10,503 Cr
Total assetsRs 64,654 Cr
Net blockRs 113 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 2,001 Cr
ReceivablesRs 2 Cr
Other liabilitiesRs 406 Cr
Shares outstanding (crore)671.22
Ownership
Promoter holding86.70% (-2.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 20.7 is at the 8th percentile of its own 2.2-year range (median 32.6, low 19.8, high 228.2).
P/B 5.30 is at the 4th percentile (median 10.95).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBAJAJHFLNifty 50Difference
1 week-0.1%-2.8% +2.7 pts
1 month+0.1%-6.8% +6.9 pts
3 months-9.2%-7.6% -1.6 pts
6 months+13.4%+0.4% +13.0 pts
1 year-25.5%-9.9% -15.6 pts
2 years-48.7%-13.6% -35.1 pts
56 mutual fund schemes hold about ₹247 Cr. Over three months 7 bought more and 4 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Growth Mid Cap Fund0.16%84 +92%
ICICI Pru Banking & Fin Serv Fund0.38%42 -2%
ICICI Pru Banking & Fin Serv Fund0.38%42 -2%
HDFC Balanced Advantage Fund0.01%16 +3%
HDFC Large & Mid Cap Fund0.05%16 +3%
Motilal Oswal Nifty Midcap 150 Index Fund0.22%9 +1%
Nippon India Nifty Midcap 150 Index Fund0.22%6 +1%
Bandhan Balanced Advantage Fund0.26%6 +2%
Bandhan Multi Cap Fund0.17%5 +4%
ICICI Pru Nifty Midcap 150 Index Fund0.22%3 +2%
SBI Nifty Midcap 150 Index Fund0.22%3 +1%
Zerodha Nifty LargeMidcap 250 Index Fund0.11%2 +3%
HDFC NIFTY Midcap 150 Index Fund0.22%2 +1%
Motilal Oswal Nifty 500 Index Fund0.05%1 +3%
Aditya Birla SL Nifty Midcap 150 Index Fund0.22%1 +1%
Nippon India Nifty 500 Equal Weight Index Fund0.19%1 +5%
Navi Nifty Midcap 150 Index Fund0.22%1 +1%
Tata Nifty Midcap 150 Index Fund0.22%1 +1%
JioBlackRock Nifty Midcap 150 Index Fund0.22%1 +1%
HDFC Nifty LargeMidcap 250 Index Fund0.11%1 +3%
Edelweiss NIFTY Large Mid Cap 250 Index Fund0.11%0 +3%
SBI Nifty 500 Index Fund0.05%0 +3%
UTI BSE Housing Index Fund1.42%0 +2%
ICICI Pru Nifty LargeMidcap 250 Index Fund0.11%0 +3%
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund0.11%0 +3%

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -1317% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 24% of total assets in 2026
explainShare dilution Share count up 37% in a year, 37% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-12-02Bajaj Finance LimitedPromoterssell166,600,000Rs 1585.44 CrMarket Sale
2025-09-16Amit SharmaEmployees/Designated Employesell7,062Rs 0.08 CrMarket Sale
2025-09-16Seema RaniImmediate relativesell2,996Rs 0.03 CrMarket Sale
2024-09-25ALANKRIT ATALImmediate relativesell7,000Rs 0.12 CrMarket Sale
2024-09-13Bajaj Finance LimitedPromotersother428,571,428Rs 3000.00 CrOthers
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹3,063 Cr +17.1% vs Jun 2025. Net profit ₹715 Cr +22.6%.

Activity

Compare
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Piramal Finance Ltd50,3431126.47 %
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PNB Housing Finance Ltd28,64112.29.44 %
Aadhar Housing Finance Ltd18,96016.411.4 %
Sammaan Capital Ltd15,8534.92 %
Aptus Value Housing Finance India Ltd11,68611.915.4 %
Home First Finance Company India Ltd11,44319.711.1 %
AAVAS Financiers Ltd9,89914.49.92 %
Can Fin Homes Ltd9,7438.629.14 %
India Shelter Finance Corporation Ltd6,98613.212.9 %
Repco Home Finance Ltd2,1614.4910.1 %
GIC Housing Finance Ltd7234.607.71 %
SRG Housing Finance Ltd2216.4611.8 %
Reliance Home Finance Ltd76-432 %
Ind Bank Housing Ltd5113.0-1.11 %
No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-25AllotmentAllotment of 81,500 Non-Convertible Securities
2026-09-21Concall / analyst meetSchedule of Analyst/Institutional Investor Meet
2026-09-18General UpdatesESG Rating received from Niche Ninety Nine Capability and Certifications (OPC) Private Limited
2026-09-18AllotmentAllotment of 50,000 Non-Convertible Securities
2026-09-08AllotmentAllotment of 2,00,000 Non-Convertible Securities
2026-09-03General UpdatesESG Rating received from NSE Sustainability Ratings and Analytics Limited.
2026-09-01Address ChangeChange in Registered Office of the company.
2026-08-20AllotmentAllotment of 75000 Non-Convertible Debentures
2026-08-19Concall / analyst meetSchedule of Analyst/Institutional Investor Meeting
2026-08-18Concall / analyst meetInvestor Presentation
2026-08-17Concall / analyst meetSchedule of Analyst/Institutional Investor Meeting
2026-08-11General UpdatesESG Rating received from CRISIL ESG Ratings & Analytics Limited
2026-08-10AllotmentAllotment of 75000 Non Convertible Debentures at its meeting held on August 10, 2026
2026-08-07General UpdatesESG Rating received from ESG Risk Assessments & Insights Limited.
2026-08-04Concall / analyst meetTranscript of conference call held on 29 July 2026
2026-08-04Issue of SecuritiesIssue of Securities
2026-08-04General UpdatesESG Rating received from SES ESG Research Private Limited.
2026-07-30Shareholder meetingBajaj Housing Finance Limited has submitted the Exchange a copy Scrutinizers report and voting results of Annual General Meeting held on July 29, 2026...
2026-07-29Concall / analyst meetLink of Recording of conference call held on 29 July 2026
2026-07-29Shareholder meetingProceedings of Annual General Meeting held on July 29, 2026
2026-07-29Change in ManagementChange in Senior Management Personnel
2026-07-29Concall / analyst meetInvestor Presentation
2026-07-29Board meeting outcomeBajaj Housing Finance Limited has submitted to the Exchange, the unaudited financial results for the period ended 30 June 2026.
2026-07-13Concall / analyst meetConference Call in respect of financial results for the quarter ended 30 June 2026
2026-07-07Issue of SecuritiesIssue of Securities
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Bajaj Housing Finance Ltd?

Bajaj Housing Finance Ltd (BAJAJHFL) has a market capitalisation of Rs 67,709 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bajaj Housing Finance Ltd?

Bajaj Housing Finance Ltd trades at a P/E of 25.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bajaj Housing Finance Ltd's latest quarterly results?

In the Jun 2026 quarter, Bajaj Housing Finance Ltd revenue was Rs 3,063 Cr (+17.1% vs Jun 2025) and net profit was Rs 715 Cr.

What is the 52-week high and low of Bajaj Housing Finance Ltd?

The 52-week high is Rs 113.45 and the 52-week low is Rs 72.65.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03