MarketFriction

Bajaj Holdings & Investment Ltd

NSE BAJAJHLDNG · BSE 500490 · Holding Company
₹10,666.00 -1.13%
NSE close2026-10-01
52 week range8,588.00 - 13,250.00
Market cap₹1,17,967 Cr.
P/E13.3
Nifty Next 50Nifty 100Nifty 200Nifty 500 No price band Delivery 48.9%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2251081,21213427912614532539728861394
Expenses333635614631424143413753
Operating Profit192721,177732339610328435324724341
OPM %85%67%97%54%83%76%71%87%89%86%39%87%
Other Income1,4791,6021,5631,5541,3351,6941,6953,4281,6301,8462,2782,384
Interest111000000000
Depreciation8888888888811
Profit before tax1,6621,6652,7311,6181,5591,7811,7893,7041,9762,0842,2932,714
Tax %4%1%1%0%3%2%2%5%14%3%-12%0%
Net Profit1,5881,6452,7161,6151,5101,7501,7513,5041,6902,0182,5772,708
EPS in Rs133.98147.76244.05144.70129.06157.09155.04313.27140.08181.16231.37243.18
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4708424204314354574845221,7027391,1211,139
Expenses422156585134106117142140180162174
Operating Profit4296283553473013523673801,562559959965
OPM %91%75%85%80%69%77%76%73%92%76%86%85%
Other Income782,3902,8273,0583,4513,8964,6735,9676,2249,1308,137
Interest0000134372111
Depreciation55543334343434343235
Profit before tax4306302,7393,1703,3143,7664,2265,0127,4936,74810,0579,067
Tax %21%21%3%4%7%3%2%1%2%2%3%
Net Profit2,2652,4732,6553,0483,0803,6544,1264,9467,3656,6269,7898,993
EPS in Rs203.54222.22238.54273.90268.84327.95364.41435.83652.98585.90865.89795.79
Dividend Payout %16%15%17%12%15%12%32%28%20%16%23%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%20%29%30%
Compounded Profit Growth14%17%19%27%
Stock Price CAGR19%17%14%-13%
Return on Equity12%12%12%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111111111111111111111111111
Reserves13,28215,18217,70725,09026,84127,65237,05642,73144,07154,13662,57673,039
Borrowings0000016813611493633110
Other Liabilities5001787168564,7978,18610,6328,91310,85112,54712,027
Total Liabilities13,89315,47217,88925,26927,00832,72945,49053,58853,18865,16175,26685,187
Fixed Assets544544222215193374342310278244203181
CWIP000000000000
Investments13,07813,27617,36424,57526,25732,06844,91452,96452,55564,71573,80884,865
Other Assets2711,6513024785582872343143552031,254142
Total Assets13,89315,47217,88925,26927,00832,72945,49053,58853,18865,16175,26685,187
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7961,147-9231,6316281,9202721,6101,7281,941-1,9574,780
Cash from Investing Activity-4641,019-372-1,123-163-800-308-151-137-4723,054-3,695
Cash from Financing Activity-391-761-110-434-536-1,028-37-1,460-1,587-1,455-1,055-1,156
Net Cash Flow-591,406-1,40674-7292-73-141443-71
Free Cash Flow7961,146-9231,6316281,9162711,6081,7261,941-1,8654,781
CFO/OP171%285%-121%512%209%662%108%492%493%133%-233%590%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000004585000
Inventory Days
Days Payable
Cash Conversion Cycle000004585000
Working Capital Days-278-48311202997867160172115004
ROCE %4%3%4%13%12%11%10%9%10%13%10%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.46%51.46%51.46%51.46%51.46%51.46%51.46%51.46%51.46%51.46%51.46%51.46%
FIIs11.65%11.57%11.53%11.21%10.89%10.65%10.56%10.31%10.33%10.26%9.62%9.47%
DIIs5.88%5.95%6.09%6.42%6.80%7.12%7.30%7.45%7.31%7.31%8.08%8.26%
Public31.01%31.01%30.90%30.92%30.82%30.75%30.69%30.78%30.90%30.97%30.85%30.80%
No. of Shareholders60,73461,27560,77465,30065,69564,33869,35472,78375,88484,23483,96383,499

Fundamentals

Market Cap₹ 1,17,967 Cr.
Current Price₹ 10,600
Stock P/E13.3
Book Value₹ 6,573
ROCE11.0 %
ROE11.9 %
Dividend Yield1.37 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)30%
Compounded Profit Growth (TTM)27%
Consolidated figures.
Valuation
Market capRs 118,706 Cr
Enterprise valueRs 118,683 Cr
P/E (TTM)13.40x
Price to book1.62x
Price to sales104.20x
EV / EBITDA13.04x
EV / EBIT13.09x
EV / sales104.18x
Price to cash flow24.83x
Earnings yield7.46%
Dividend yield1.83%
P/E, 3-year average14.69x
P/B, 3-year average1.75x
P/E, 5-year average14.28x
P/B, 5-year average1.61x
Profitability
Operating margin (excl. other income)85.53%
Operating margin (incl. other income)899.79%
EBITDA margin799.00%
Pre-tax margin795.90%
Net profit margin777.41%
Net margin, latest quarter686.34%
ROE14.19%
ROCE14.80%
ROA12.01%
ROE, 3-year average13.37%
ROCE, 3-year average13.85%
ROA, 3-year average11.19%
ROE, 5-year average12.28%
ROCE, 5-year average12.72%
ROA, 5-year average10.17%
ROIC (approx.)12.07%
Tax rate2.66%
Other income / net worth12.48%
Growth
Sales growth (latest year)51.68%
Profit growth (latest year)47.79%
Sales CAGR, 3 years29.06%
Sales CAGR, 5 years19.65%
Profit CAGR, 3 years25.71%
Profit CAGR, 5 years21.43%
Sales growth QoQ551.35%
Profit growth QoQ5.10%
Sales growth YoY (latest quarter)21.46%
Profit growth YoY (latest quarter)-22.37%
Per share
EPS (TTM)Rs 795.80
EPS (latest year)Rs 865.89
EPS (latest quarter)Rs 243.18
EPS, 3-year averageRs 701.59
EPS, 5-year averageRs 581.00
Book value per shareRs 6,572.76
Sales per shareRs 102.36
Cash flow per shareRs 429.52
Free cash flow per shareRs 429.58
Dividend per share (latest year)Rs 194.99
Dividend per share, 3-year averageRs 139.66
Dividend per share, 5-year averageRs 131.40
Dividends
Dividend payout22.52%
Dividend payout, 3-year average19.48%
Dividend payout, 5-year average23.65%
Efficiency
Asset turnover0.01x
Fixed asset turnover6.21x
Cash conversion cycle0 days
Working capital days4 days
Leverage
Total debtRs 10 Cr
Cash and bankRs 32 Cr
Net debtRs -22 Cr
Debt to equity0.00x
Net debt / EBITDA-0.00x
Interest coverage12594.51x
Owners' fund to total sources85.87%
Debt to assets0.01%
Cash flow
Cash from Operating Activity (latest year)Rs 4,780 Cr
Cash from Investing Activity (latest year)Rs -3,695 Cr
Cash from Financing Activity (latest year)Rs -1,156 Cr
Net Cash Flow (latest year)Rs -71 Cr
Free cash flow (latest year)Rs 4,781 Cr
FCFE (approx.: FCF + change in debt)Rs 4,760 Cr
Cash from ops / profit, 5 years0.25x
Sales to cash flow0.23x
Statement figures
Net sales (TTM)Rs 1,139 Cr
Net sales (latest year)Rs 1,121 Cr
Sales (latest quarter)Rs 394 Cr
Operating profit excl. other income (latest year)Rs 959 Cr
Operating profit (latest quarter)Rs 341 Cr
Other income (TTM)Rs 8,137 Cr
EBITDA (TTM)Rs 9,103 Cr
PBDT (TTM)Rs 9,102 Cr
Profit before tax (TTM)Rs 9,067 Cr
Tax (latest year)Rs 268 Cr
Net profit (TTM)Rs 8,857 Cr
Net profit (latest year)Rs 9,637 Cr
Net profit (latest quarter)Rs 2,706 Cr
Depreciation (TTM)Rs 35 Cr
Depreciation (latest quarter)Rs 11 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 12 Cr
Total expenditure (latest year)Rs 162 Cr
Total income (latest year)Rs 10,252 Cr
Share capitalRs 111 Cr
ReservesRs 73,039 Cr
Shareholders' fundsRs 73,151 Cr
Total assetsRs 85,187 Cr
Net blockRs 181 Cr
InvestmentsRs 84,865 Cr
Other liabilitiesRs 12,027 Cr
Shares outstanding (crore)11.13
Ownership
Promoter holding51.46% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 13.4 is at the 48th percentile of its own 9.4-year range (median 13.5, low 6.6, high 24.5).
P/B 1.62 is at the 50th percentile (median 1.61).
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.
PeriodBAJAJHLDNGNifty 50Difference
1 week-2.3%-2.8% +0.5 pts
1 month-5.7%-6.8% +1.1 pts
3 months-3.7%-7.6% +3.9 pts
6 months+22.0%+0.4% +21.5 pts
1 year-17.3%-9.9% -7.4 pts
2 years-3.8%-13.6% +9.8 pts
3 years+50.0%+14.2% +35.9 pts
5 years+125.1%+27.9% +97.3 pts
105 mutual fund schemes hold about ₹9,219 Cr. Over three months 83 bought more and 14 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Parag Parikh Flexi Cap Fund5.14%7,571 +15%
Parag Parikh ELSS Tax Saver Fund7.32%411 +14%
ICICI Pru Nifty Next 50 Index Fund1.98%201 +10%
UTI Nifty Next 50 Index Fund1.99%150 +10%
ICICI Pru Dividend Yield Fund2.17%145 +13%
Kotak Arbitrage Fund(M0.09%65 +75%
Motilal Oswal Large Cap Fund1.85%58 +65%
HDFC NIFTY Next 50 Index Fund1.98%54 +10%
ICICI Pru Banking & Fin Serv Fund0.43%49 -26%
ICICI Pru Banking & Fin Serv Fund0.43%49 -26%
SBI Nifty Next 50 Index Fund1.99%47 +10%
ICICI Pru Children's Fund2.84%41 -8%
SBI Arbitrage Fund0.07%32 +18%
ICICI Pru Equity Minimum Variance Fund1.09%31 +4%
DSP NIFTY Next 50 Index Fund1.98%28 +10%
Navi Nifty Next 50 Index Fund1.99%26 +10%
Kotak Nifty Next 50 Index Fund1.99%24 +10%
Axis Quant Fund2.84%24 +100%
ICICI Pru ESG Exclusionary Strategy Fund1.72%23 +100%
Axis Nifty Next 50 Index Fund1.98%11 +10%
JioBlackRock Flexi Cap Fund0.32%10 +12%
Motilal Oswal Nifty Next 50 Index Fund1.99%10 +10%
Taurus Flexi Cap Fund2.59%10 +2%
ITI Flexi Cap Fund0.59%9 +15%
WOC Banking & Financial Services Fund1.24%8 +9%

Red flags

F-score 7 of 8
explainWeak cash conversion Cash from operations was 20% of net profit over the last 3 years
lookProfit leans on other income Other income was 91% of pre-tax profit in 2026
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
2025-06-30RAJIV TRUSTPromoter Groupother4,055,137Off Market
2025-06-30NIRAV TRUSTPromoter Groupother5,378,257Off Market
2025-06-30NIRAV TRUSTPromoter Groupother5,378,257Off Market
2025-06-30RAJIV TRUSTPromoter Groupother4,055,137Off Market
2025-06-30RAJIV TRUSTPromoter Groupother4,055,137Off Market
2025-06-13Late Madhur BajajPromotersother1,000Others
2025-06-13Kumud BajajPromoter Groupother1,000Others
2025-01-22Sunaina KejriwalPromoter Groupother1,000Rs 1.13 CrOthers
2025-01-22Manish KejriwalDirectorother1,000Rs 1.13 CrOthers
2023-06-19Sanjali BajajPromoter Groupother200Rs 0.14 CrOff Market
2023-06-19Aryaman KejriwalPromoter Groupother200Rs 0.14 CrOff Market
2023-06-19Nirvaan Kejriwal (Minor)Promoter Groupother200Rs 0.14 CrOff Market
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
Sales ₹394 Cr +21.2% vs Jun 2025. Net profit ₹2,708 Cr -22.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-21Interim Dividend - Rs 65 Per Share
2026-06-30Dividend - Rs 80 Per Share & Special Dividend Rs 50 Per Share
2025-09-22Interim Dividend - Rs 65 Per Share
2025-06-27Dividend - Rs 28 Per Share
2024-09-25Interim Dividend - Rs 65 Per Share
2024-06-28Dividend - Rs 21 Per Share
2023-09-28Interim Dividend - Rs 110 Per Share
2023-06-30Dividend - Rs 13 Per Share
2022-09-22Interim Dividend - Rs 110 Per Share
2022-06-30Dividend - Rs 25 Per Share
2021-09-28 Interim Dividend - Rs 90 Per Share
2021-07-08 Annual General Meeting/Dividend - Rs 40 Per Share
2020-03-03 Interim Dividend - Rs 40 Per Share
2019-07-11 Annual General Meeting/ Dividend - Rs 32.50 Per Share
2018-07-05 Annual General Meeting / Dividend- Rs 40 Per Share
2017-07-06 Annual General Meeting/Dividend - Rs 32.50 Per Share
2016-07-14 Annual General Meeting/ Dividend - Rs 7.50/- Per Share
2016-03-16 Interim Dividend - Rs 25/- Per Share (Purpose Revised)
2015-07-09Annual General Meeting/Dividend Rs 32.50/- Per Share
2014-07-03Annual General Meeting / Dividend - Rs 30/- Per Share
2013-07-04Annual General Meeting / Dividend - Rs.25/- Per Equity Share
2012-07-05Annual General Meeting And Dividend - Rs.25/- Per Share
2011-06-29Annual General Meeting And Dividend Rs.35/- Per Share
2010-07-08Annual General Meeting / Dividend Rs 30 Per Share
2009-07-02Agm/Div.-Rs.10/-Per Share
2008-06-27Agm/Dividend - 200%
2008-03-14Scheme Of Arrangement
2007-06-28Agm/Div-Rs.40/- Per Sh
2006-06-29Agm/Div-Rs.40/- Per Sh
DateTypeWhat it says
2026-09-18UpdatesCommunication sent to shareholders regarding Tax Deduction at Source (TDS) on interim dividend and updation of bank account details.
2026-09-15Record DateRecord date for the purpose of Interim Dividend is 21 September 2026.
2026-09-15DividendBoard of Directors at its meeting held on 15 September 2026, declared an Interim Dividend of Rs. 65/- per equity share.
2026-09-01Address ChangeChange in Registered Office of the Company.
2026-08-03Shareholder meetingVoting results.
2026-07-31Shareholder meetingProceedings of 81st Annual General Meeting held on 31 July 2026
2026-07-31Board meeting outcomeBajaj Holdings & Investment Limited has submitted to the Exchange, the unaudited financial results for the period ended 30 June 2026.
2026-07-07Shareholder meetingNotice of 81st Annual General Meeting to be held on 31 July 2026 through VC facility / OAVM.
2026-06-10UpdatesCommunication sent to shareholders regarding Tax Deduction at Source (TDS) on final dividend and updation of bank account details.
2026-05-07UpdatesRegarding, the Annual General Meeting of the Company, which is scheduled to be held on Friday, 31 July 2026. Further details will be provided in due c...
2026-05-07Change in ManagementReappointment of Dr. Arindam Bhattacharya as a Non-Executive, Independent Director of the Company for second term of five consecutive years.
2026-05-07Record DateRecord date for the purpose of Final Dividend is 30 June 2026
2026-05-07DividendThat, the Board of Directors at its meeting held on 7 May 2026, recommended a Final Dividend of Rs. 130 per equity share, subject to the approval of ...
2026-05-07Board meeting outcomeBajaj Holdings & Investment Limited has informed the exchange regarding approval of financial results along with the Audit Report for the financial ye...
2026-04-29Disclosure under SEBI TakeovNiraj Bajaj has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqui...
2026-04-27General UpdatesAcquisition of equity shares of Bajaj Finserv Limited, an associate of the Company, from Bajaj Auto Holdings Limited, wholly owned subsidiary of the C...
2026-03-12General UpdatesGeneral Updates
2026-02-04Board meeting outcomeBajaj Holdings & Investment Limited has submitted to the Exchange, the unaudited financial results for the quarter and nine months ended 31 December 2...
2026-02-04Board meeting outcomeBoard meeting held on 04 February 2026.
2026-01-31ResignationResignation of Shri Purav Jhaveri as Chief Investment Officer of the Company w.e.f. January 31, 2026.
2026-01-08General UpdatesUpdate on the Acquisition of equity stake owned by Allianz SE in insurance subsidiaries of Bajaj Finserv Limited i.e., Bajaj General Insurance Limited...
2025-11-17General UpdatesSubmission of Half Yearly Report for FY2025-26.
2025-11-11Board meeting outcomeBajaj Holdings & Investment Limited has submitted to the Exchange, Unaudited/Audited Standalone Financial Results for the quarter and half year ended ...
2025-11-11Board meeting outcomeBoard meeting held on 11 November 2025
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest1.61
Max pain (expiry 2026-10-27)10,700
Largest call open interest at11,000
Largest put open interest at10,700
Implied volatility, at the money32.0%
Underlying at snapshot10,666.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-30206
2026-09-29328
2026-09-2875
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Derivative contracts in the scrip to be moved out of F and O

Quick answers

What is the market cap of Bajaj Holdings & Investment Ltd?

Bajaj Holdings & Investment Ltd (BAJAJHLDNG) has a market capitalisation of Rs 1,17,967 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bajaj Holdings & Investment Ltd?

Bajaj Holdings & Investment Ltd trades at a P/E of 13.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bajaj Holdings & Investment Ltd's latest quarterly results?

In the Jun 2026 quarter, Bajaj Holdings & Investment Ltd sales was Rs 394 Cr (+21.2% vs Jun 2025) and net profit was Rs 2,708 Cr.

What is the 52-week high and low of Bajaj Holdings & Investment Ltd?

The 52-week high is Rs 13,250.00 and the 52-week low is Rs 8,588.00.

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