Bajaj Housing Finance Limited
NSE: BAJAJHFLHousing Finance Company
Share price
₹82.14
-2.31% close of 8 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 5 Oct 2026, the close above is 8 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
74
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹68,414 Cr
P/E ratio
25.4
P/B ratio
3.0
ROCE
8.8%
ROE
12.1%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 16.3% over the past year, and 21.0% a year over its longer record. Meanwhile what it keeps on lending improved from 28.8% to 30.8% over the last two years.
Whether it grew faster than its sector
It grew 21.0% a year against a sector median of 16.0% — 5.0 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.9 times its growth rate, on earnings growth of 27%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Bajaj Housing Finance Limited — this one | 27%/yr | 25.4× | ₹0.94 |
| Piramal Finance Limited | -56%/yr | 98.0× | — |
| PNB Housing Finance Limited | 30%/yr | 13.0× | ₹0.43 |
| LIC Housing Finance Limited | 25%/yr | 5.1× | ₹0.21 |
| Aadhar Housing Finance Limited | 25%/yr | 17.0× | ₹0.68 |
| Sammaan Capital Limited | — | — | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Housing Finance Company), it ranks 10 of 14 on returns, 7 of 14 on growth. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 12.1% on capital, ahead of 29% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
This question does not fit a lender: the money it lends out is its day-to-day outflow and the deposits or premiums it takes are the inflow, so a cash bridge cannot say whether its growth pays for itself. Look at the return on owners' money instead.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
Not enough filed accounts to run these checks yet.
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Profit up 23% while last year's growth target quietly disappeared from the outlook
Announced 29 Jul 2026 · Standalone
Revenue
₹3,063 Cr
Net profit
₹715 Cr
Profit vs last year
+22.7%
Profit vs last quarter
+6.9%
Net margin
23.4%
EPS
₹0.86
Earnings call transcript · 29 Jul 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹68,414 Cr
- Prev close
- ₹82.14
- 52w High
- ₹112
- 52w Low
- ₹72.7
- Enterprise value
- ₹68,450 Cr
- Beta
- 0.9
- Price CAGR 1y
- -26.0%
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 2.0%
- PEG ratio
- 0.9
- P/E ratio
- 25.4
- P/B ratio
- 3.0
- EV / EBITDA
- 20.2
- Industry P/E
- 13.0
- ROCE
- 8.8%
- ROCE 5y average
- —
- ROE
- 12.1%
- Debt / Equity
- 4.6
- Interest coverage
- —
- Dividend yield
- 0.0%
- ROE 3y average
- 13.0%
- ROE last year
- 12.0%
Annual P&L
- Annual revenue
- ₹11,150 Cr
- Annual profit
- ₹2,560 Cr
- Operating margin
- 30.0%
- Net profit margin
- 23.0%
- EBITDA margin
- 30.3%
- Sales growth 3y
- 25.3%
- Sales growth 5y
- 28.7%
- Profit growth 3y
- 27.0%
- Profit growth 5y
- 41.0%
- EPS
- ₹3.1
- Sales growth TTM
- 16.0%
- Profit growth TTM
- 19.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹3,063 Cr
- Profit latest quarter
- ₹715 Cr
- YoY quarterly sales growth
- 17.1%
- YoY quarterly profit growth
- 22.6%
- OPM latest quarter
- 31.0%
Balance Sheet
- Book Value
- ₹27.0
- Face Value
- ₹10.0
- Total debt
- ₹1.04L Cr
- Total cash
- ₹194 Cr
- Borrowings
- ₹1.04L Cr
- Reserves / Equity
- 1.7
Cash Flow
- Operating cash flow
- -₹19,895 Cr
- Free cash flow
- -₹19,938 Cr
- FCF yield
- —
- Net cash flow
- ₹100 Cr
Shareholding
- Promoter holding
- 86.7%
- FII holding
- 0.9%
- DII holding
- 1.0%
- Public holding
- 11.3%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Bajaj Housing | 82.91 | 25.6 | 69,083 | 0.00 | 715.3 | 22.6 | 3,063.0 | 17.1 | 8.8 |
| Piramal Finance. | 2,023.30 | 106.7 | 47,877 | 0.54 | 461.0 | 66.8 | 3,368.3 | 27.6 | 6.5 |
| PNB Housing | 1,092.00 | 12.1 | 28,480 | 0.73 | 554.5 | 4.3 | 2,252.5 | 9.1 | 9.4 |
| LIC Housing Fin. | 509.00 | 4.9 | 27,998 | 1.96 | 1,499.0 | 9.9 | 7,082.6 | -1.4 | 8.6 |
| Aadhar Hsg. Fin. | 448.40 | 17.0 | 19,658 | 0.00 | 282.4 | 19.0 | 992.9 | 17.1 | 11.4 |
| Sammaan Capital | 132.48 | 15,388 | 0.00 | 243.3 | -27.2 | 1,651.9 | -31.2 | 4.9 | |
| Home First Finan | 1,125.70 | 20.3 | 11,771 | 0.46 | 159.9 | 34.5 | 538.0 | 18.6 | 11.1 |
| Median | 478.70 | 12.1 | 11,555 | 0.64 | 252.1 | 19.8 | 850.8 | 14.2 | 9.7 |
Competes with: Aadhar Housing Finance Limited, Aavas Financiers Limited, Aptus Value Housing Finance India Limited, Can Fin Homes Limited, GIC Housing Finance Limited, Home First Finance Company India Limited, India Shelter Finance Corporation Limited, LIC Housing Finance Limited, PNB Housing Finance Limited, Piramal Finance Limited, Repco Home Finance Limited, SRG Housing Finance Limited, Sammaan Capital Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,763 | 1,911 | 1,946 | 1,996 | 2,209 | 2,410 | 2,449 | 2,504 | 2,616 | 2,755 | 2,884 | 2,903 | 3,063 |
| Expenses | 165 | 176 | 164 | 219 | 170 | 179 | 210 | 222 | 244 | 253 | 261 | 262 | 233 |
| Financing Profit | 536 | 585 | 582 | 498 | 640 | 718 | 723 | 731 | 765 | 844 | 890 | 878 | 942 |
| Financing Margin % | 30 | 31 | 30 | 25 | 29 | 30 | 30 | 29 | 29 | 31 | 31 | 30 | 31 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | -13 | 0 | 0 |
| Interest | 1,062 | 1,151 | 1,200 | 1,279 | 1,399 | 1,514 | 1,516 | 1,551 | 1,606 | 1,658 | 1,734 | 1,762 | 1,888 |
| Depreciation | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 12 | 12 | 13 | 13 |
| Profit before tax | 526 | 575 | 572 | 488 | 630 | 708 | 713 | 720 | 757 | 833 | 865 | 866 | 929 |
| Tax % | 12 | 22 | 24 | 22 | 23 | 23 | 23 | 18 | 23 | 23 | 23 | 23 | 23 |
| Net Profit | 462 | 451 | 437 | 381 | 483 | 546 | 548 | 587 | 583 | 643 | 665 | 669 | 715 |
| EPS in Rs | 0.69 | 0.67 | 0.65 | 0.57 | 0.62 | 0.66 | 0.66 | 0.70 | 0.70 | 0.77 | 0.80 | 0.80 | 0.86 |
| Gross NPA % | 0.23 | 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 % | 0.08 | 0.09 | 0.10 | 0.10 | 0.11 | 0.12 | 0.13 | 0.11 | 0.13 | 0.12 | 0.11 | 0.11 | 0.12 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Revenue | 265 | 3,155 | 3,767 | 5,665 | 7,617 | 9,554 | 11,150 | 11,604 |
| Expenses | 44 | 552 | 624 | 718 | 721 | 759 | 1,007 | 1,009 |
| Financing Profit | 59 | 635 | 986 | 1,733 | 2,201 | 2,814 | 3,381 | 3,554 |
| Financing Margin % | 22 | 20 | 26 | 31 | 29 | 29 | 30 | 31 |
| Other Income | -0 | 0 | -0 | 0 | -0 | -2 | -14 | -13 |
| Interest | 162 | 1,968 | 2,157 | 3,213 | 4,695 | 5,981 | 6,759 | 7,042 |
| Depreciation | 2 | 22 | 26 | 33 | 40 | 41 | 47 | 49 |
| Profit before tax | 57 | 613 | 960 | 1,700 | 2,161 | 2,770 | 3,320 | 3,492 |
| Tax % | 26 | 26 | 26 | 26 | 20 | 22 | 23 | |
| Net Profit | 42 | 453 | 710 | 1,258 | 1,731 | 2,163 | 2,560 | 2,692 |
| EPS in Rs | 0.09 | 0.93 | 1.45 | 1.87 | 2.58 | 2.60 | 3.07 | 3.23 |
| Dividend Payout % | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 29%
- 3 years
- 25%
- TTM
- 16%
Compounded profit growth
- 10 years
- —
- 5 years
- 41%
- 3 years
- 27%
- TTM
- 19%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- —
- 1 year
- -26%
Return on equity
- 10 years
- —
- 5 years
- 13%
- 3 years
- 13%
- Last year
- 12%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 488 | 4,883 | 4,883 | 6,712 | 6,712 | 8,328 | 8,329 |
| Reserves | 70 | 1,149 | 1,858 | 3,791 | 5,521 | 11,619 | 14,194 |
| Borrowing | 2,560 | 31,601 | 41,492 | 53,745 | 69,129 | 82,072 | 1,03,704 |
| Other Liabilities | 19 | 226 | 293 | 406 | 464 | 790 | 920 |
| Total Liabilities | 3,137 | 37,858 | 48,527 | 64,654 | 81,827 | 1,02,809 | 1,27,147 |
| Fixed Assets | 9 | 79 | 97 | 113 | 123 | 141 | 154 |
| CWIP | -0 | -0 | 1 | 0 | 1 | 1 | 0 |
| Investments | 251 | 3,266 | 1,248 | 2,001 | 1,939 | 2,533 | 2,502 |
| Other Assets | 2,878 | 34,513 | 47,180 | 62,540 | 79,765 | 1,00,134 | 1,24,491 |
| Total Assets | 3,137 | 37,858 | 48,527 | 64,654 | 81,827 | 1,02,809 | 1,27,147 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1,024 | -5,076 | -12,481 | -14,332 | -14,600 | -17,075 | -19,895 |
| Cash from Investing Activity | -69 | -797 | 2,197 | -611 | -555 | -798 | -1,202 |
| Cash from Financing Activity | 1,149 | 5,676 | 10,228 | 14,630 | 15,125 | 17,870 | 21,197 |
| Net Cash Flow | 55 | -197 | -55 | -313 | -30 | -2 | 100 |
| Free Cash Flow | -1,027 | -5,089 | -12,508 | -14,362 | -14,640 | -17,111 | -19,938 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| ROE % | 8 | 14 | 11 | 15 | 15 | 13 | 12 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
capital adequacy (CRAR) %
23.15
cost-to-income %
19.70%
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
gross NPA %
0.29pct
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net NPA %
0.12pct
2026-06-30
net interest margin %
4.00
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
provision coverage %
58.76
FY revenue / permanent employees + workers, same basis (calc)
5,43,37,232inr
2026-03-31
return on assets %
2.30%
News
News and filings about Bajaj Housing Finance Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- Aadhar Housing Finance Limited
- Aavas Financiers Limited
- Aptus Value Housing Finance India Limited
- Can Fin Homes Limited
- GIC Housing Finance Limited
- Home First Finance Company India Limited
- India Shelter Finance Corporation Limited
- LIC Housing Finance Limited
- PNB Housing Finance Limited
- Piramal Finance Limited
- Repco Home Finance Limited
- SRG Housing Finance Limited
- Sammaan Capital Limited
Depends on the price of
- Bond Markets
- Interest Rates
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Financial Services
- Industry
- Housing Finance Company
- Classification
- Financial Services › Housing Finance Company
- ISIN
- INE377Y01014
News impact
Big market events that reach Bajaj Housing Finance Limited, and how the effect spreads.
28 Apr, 04:15 IST · Market event · high impact
RBI policy package: lower risk weights on retail loans, retail exposure limit raised to ₹10cr, ECL framework deferred to April 2027
Who it hits first
- Risk weight reduction on retail loans frees capital across banking system — est. ₹50-80k cr capital relief sector-wide
- Retail exposure cap raised to ₹10 crore enables larger ticket retail lending
- ECL framework deferral to April 2027 postpones provisioning burden by 12 months
- Wilful defaulter classification deadline tightens — banks must classify within 6 months of NPA tag
Who may gain
- Retail-heavy banks: HDFCBANK, ICICIBANK, SBIN, AXISBANK
- Retail NBFCs: BAJFINANCE, CHOLAFIN, BAJAJHFL, LICHSGFIN
- AU SFB compound benefit (universal bank licence + risk weight cut)
Along the supply chain
Downstream
Consumer lending growth → autos (entry segment), housing finance volume, durables demand. NBFC-bank competition intensifies.
Upstream
Bond markets — banks may issue more senior bonds at lower spreads. Insurance/pension demand pickup.
Where demand moves
Business
Capital relief → lower funding cost spreads → higher retail loan growth → consumer durables, autos, housing demand re-acceleration
Capital
Money rotates from defensive (FMCG, IT) into banking. Re-rating in private banks first, PSU banks follow on PE convergence.
How it spreads across sectors
Auto
Retail loan availability supports volumes
Banking
Re-rating positive — 2-4% across pack
Consumer Durables
EMI affordability improves
Housing Finance
ROE accretion — 2-5%
NBFC
Stronger amplification — 3-6%
Real Estate
Indirect demand pickup
A pattern seen before
Cascade chain
- RBI risk weight cut → bank capital ratios up 50-150bps
- Higher ratios → lower regulatory drag on lending
- Loan growth accelerates → retail credit expansion
- Auto, Housing, Consumer Durables benefit from credit availability
- Real estate volume pickup over 1-3 quarters
Pattern name
RBI Rate/Policy Cascade (capital relief variant)
Sectors queried
- Banking
- NBFC
- Real Estate
- Auto
- Consumer Durables
When it plays out
Immediate
Bank stocks open green Apr-28; private banks lead, NBFCs amplify
Medium term
1-6 months: retail loan growth re-accelerates 200-300bps. Q1FY27 commentary will quantify benefit.
Short term
1-4 weeks: capital adequacy disclosures show benefit. Brokerage upgrades likely.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 3 rows from NSE's archive (replace 1, delete 1, insert 1), 2025-03-18..2026-02-01 (docs/flat_day_repair.md)1× · 18 Mar 2025
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 29 Sep 2026 | Gaurav Kalani · Designated Person | SELL | 2,11,711 | 1.74 |
| 29 Sep 2026 | Gaurav Kalani · Designated Person | BUY | 2,04,435 | 1.11 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY2729 Jul 2026
- Annual report · 2025-268 Jul 2026
- Results presentation30 Jun 2026
- Earnings call · Q3FY262 Feb 2026
- Earnings call · Q2FY266 Nov 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.