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Prices as of 8 Oct 2026 close · Not investment advice

Bajaj Holdings & Investment Limited

NSE: BAJAJHLDNGHolding Company

Share price

₹10,600.00

-0.58% close of 8 Oct 2026

Market cap ₹1.18L CrP/E 13.3

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 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.

65

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1.18L Cr

P/E ratio

13.3

P/B ratio

1.6

ROCE

11.0%

ROE

11.9%

Dividend yield

1.4%

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.

Prices as of 8 Oct 2026 close52-week high ₹13,144.0052-week low ₹8,746.00

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step down at Jun 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step down at Jun 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 13.3× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 19.3×, across 5 companies. It is against its own five-year median of 15.4×, the 6th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.7 times its growth rate, on earnings growth of 19%.

Profit growthPrice per ₹1 profitPer 1% growth
Bajaj Holdings & Investment Limited — this one19%/yr13.3×₹0.70
Bajaj Finserv16%/yr26.6×₹1.7
Choice International Limited53%/yr69.8×₹1.3
Edelweiss Financial Services Limited23%/yr19.3×₹0.84
JM Financial Limited27%/yr11.0×₹0.41
Kama Holdings Limited-8%/yr6.3×—

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 (Holding Company), it ranks 7 of 13 on returns, 12 of 13 on growth, 1 of 13 on margin. 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 11% on capital, ahead of 46% 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

Yes — Over the last five years it made ₹8102 crore of cash from the business, spent ₹88 crore on plant and equipment, and returned ₹6713 crore to lenders and shareholders. But only about 26 of every 100 rupees of profit it reported over 12 years arrived as cash — the rest is tied up. Its cash comes back faster than it used to: it went from being waiting 160 days for its cash to waiting 4 days for its cash.

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 fell 23% from a year ago to ₹2,708 crore, nearly all of it earned through stakes in other companies rather than its own sales

Announced 31 Jul 2026 · Consolidated

Revenue

₹394 Cr

Revenue vs last year

+21.3%

Revenue vs last quarter

+546.4%

Net profit

₹2,708 Cr

Profit vs last year

-22.7%

Profit vs last quarter

+5.1%

Net margin

686.8%

EPS

₹243.18

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
₹1.18L Cr
Prev close
₹10,600.00
52w High
₹13,250
52w Low
₹8,588
Enterprise value
₹1.18L Cr
Beta
1.1
Price CAGR 1y
-12.0%
Price CAGR 3y
16.0%
Price CAGR 5y
18.0%
Price CAGR 10y
18.0%

Ratios

Return on assets
11.5%
PEG ratio
0.7
P/E ratio
13.3
P/B ratio
1.6
EV / EBITDA
122.8
Industry P/E
12.1
ROCE
11.0%
ROCE 5y average
10.6%
ROE
11.9%
Debt / Equity
0.0
Interest coverage
10058.0
Dividend yield
1.4%
ROE 3y average
12.0%
ROE last year
12.0%

Annual P&L

Annual revenue
₹1,121 Cr
Annual profit
₹9,789 Cr
Operating margin
86.0%
Net profit margin
873.2%
EBITDA margin
85.5%
Sales growth 3y
29.0%
Sales growth 5y
19.7%
Profit growth 3y
19.0%
Profit growth 5y
17.0%
EPS
₹866
Sales growth TTM
30.0%
Profit growth TTM
27.0%
Dividend payout
23.0%

Quarter P&L

Sales latest quarter
₹394 Cr
Profit latest quarter
₹2,708 Cr
YoY quarterly sales growth
21.5%
YoY quarterly profit growth
-22.7%
OPM latest quarter
86.6%

Balance Sheet

Book Value
₹6,590
Face Value
₹10.0
Total debt
₹10 Cr
Total cash
₹32 Cr
Borrowings
₹10 Cr
Reserves / Equity
658.0

Cash Flow

Operating cash flow
₹4,780 Cr
Free cash flow
₹4,781 Cr
FCF yield
4.1%
Net cash flow
-₹71 Cr

Shareholding

Promoter holding
51.5%
FII holding
9.5%
DII holding
8.3%
Public holding
30.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Bajaj Finserv1,743.3027.22,79,1200.096,296.712.342,036.919.110.6
Bajaj Holdings10,662.0013.41,18,4811.362,708.131.8394.321.511.0
Choice Intl.723.7070.816,1300.0060.622.8309.832.017.9
Edelweiss.Fin.133.8020.112,6581.12134.483.02,328.53.714.1
JM Financial124.9211.311,9362.60368.6-35.71,200.58.011.6
Kama Holdings2,236.206.37,1871.85761.573.65,070.931.514.0
Rane Holdings1,536.6027.92,1973.0648.3-6.61,586.918.49.5
Median248.0011.31,9250.7769.227.3572.719.411.3

Competes with: Abans Financial Services Limited, BF Investment Limited, Bajaj Finserv, Balmer Lawrie Investments Limited, Choice International Limited, Edelweiss Financial Services Limited, GFL Limited, JM Financial Limited, Kama Holdings Limited, Max India Limited, Pilani Investment and Industries Corporation Limited, Rane Holdings Limited, Tamboli Industries Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1042251081,21213427912614532539728861394
Expenses36333635614631424143413753
Material Cost0.4400000
Change in Inventories000000
Purchases of Stock-in-Trade000000
Employee Cost111111106.509.66
Other Expenses303032313043
Operating Profit68192721,177732339610328435324724341
OPM %66856797548376718789863987
Other Income1,3751,4791,6021,5631,5541,3351,6941,6953,4281,6301,8462,2782,384
Exceptional items (within Other Income)01,5220000
Interest111100000000-0
Depreciation88888888888811
Profit before tax1,4341,6621,6652,7311,6181,5591,7811,7893,7041,9762,0842,2932,714
Tax %141103225143-120
Net Profit1,4161,5881,6452,7161,6151,5101,7501,7513,5041,6902,0182,5772,708
EPS in Rs127134148244145129157155313140181231243
Diluted EPS in Rs155313140181231243

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5244708424204314354574845221,7027391,1211,139
Expenses40422156585134106117142140180162174
Material Cost0.660
Change in Inventories2.500
Purchases of Stock-in-Trade00
Employee Cost6239
Other Expenses115123
Operating Profit4844296283553473013523673801,562559959965
OPM %92917585806977767392768685
Other Income35782,3902,8273,0583,4513,8964,6735,9676,2249,1308,137
Exceptional items (within Other Income)01,522
Interest-0-0-0-0-013437210.721
Depreciation655543334343434343235
Profit before tax5134306302,7393,1703,3143,7664,2265,0127,4936,74810,0579,067
Tax %192121347321223
Net Profit2,0292,2652,4732,6553,0483,0803,6544,1264,9467,3656,6269,7898,993
EPS in Rs182204222239274269328364436653586866796
Diluted EPS in Rs586866
Dividend Payout %191615171215123228201623

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
9%
5 years
20%
3 years
29%
TTM
30%

Compounded profit growth

10 years
14%
5 years
17%
3 years
19%
TTM
27%

Stock price CAGR

10 years
18%
5 years
18%
3 years
16%
1 year
-12%

Return on equity

10 years
12%
5 years
12%
3 years
12%
Last year
12%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111111111111111111111111111
Reserves13,28215,18217,70725,09026,84127,65237,05642,73144,07154,13662,57673,006
Borrowings-0-0-0-0-016813611493633110
Other Liabilities5001787168564,7978,18610,6328,91310,85112,54712,027
Minority Interest9,9829,268
Total Liabilities13,89315,47217,88925,26927,00832,72945,49053,58853,18865,16175,26685,187
Fixed Assets544544222215193374342310278244203181
CWIP-0-0-0-0-0-0-0-0-0-0-0-0
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

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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 Flow7961,146-9231,6316281,9162711,6081,7261,941-1,8654,780

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000-0-045850-0-0
Cash Conversion Cycle000-0-045850-0-0
Working Capital Days-278-48311202997867160172115004
ROCE %43413121110910131011

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters515151515151515151515151
FIIs121212111111111010109.629.47
DIIs5.885.956.096.426.807.127.307.457.317.318.088.26
Public313131313131313131313131
No. of Shareholders60,73461,27560,77465,30065,69564,33869,35472,78375,88484,23483,96383,499

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -11.0% (₹11,909.00 → ₹10,600.00)Brick size ₹258.94 (fixed)Bricks 44
₹10,000₹12,000₹10,600Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹10,600.00 on 8 Oct 2026

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

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

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

News

News and filings about Bajaj Holdings & Investment 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

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
Holding Company
Classification
Financial Services › Holding Company
ISIN
INE118A01012

News impact

Big market events that reach Bajaj Holdings & Investment Limited, and how the effect spreads.

Who it hits first

  • Carlyle has completed buying a majority of Nido Home Finance, a home-loan company.
  • Edelweiss Financial Services sold 45% of Nido for about Rs 600 crore and keeps a smaller stake.
  • Carlyle also put Rs 1,450 crore of new money into Nido, lifting its net worth toward Rs 2,300 crore.

Who may gain

  • Edelweiss Financial Services, which receives about Rs 600 crore in cash for its Nido stake
  • Nido Home Finance, which gains Rs 1,450 crore of new capital and a strong majority owner

Along the supply chain

Downstream

No direct customer chain moves now; Nido may lend more for homes over time, but no borrower or partner gains an immediate order.

Upstream

No direct supplier link — a stake sale and capital infusion, not an order for goods or software; technology vendor Intentech sees no new demand from this deal.

Where demand moves

Business

No new loans or orders change hands at once; Nido can lend more for homes from the Rs 1,450 crore capital, but borrower demand builds only over months.

Capital

About Rs 600 crore flows to Edelweiss from selling 45% of Nido, and Rs 1,450 crore of new shares flow into Nido, lifting Edelweiss cash and Nido net worth.

How it spreads across sectors

Financial Services

Mild positive sentiment as a global buyer pays a firm price for a housing-finance asset, with a cash benefit only to Edelweiss.

When it plays out

Immediate

Edelweiss shares react to the Rs 600 crore cash inflow and value unlock within 1–7 days.

Medium term

Nido deploys the Rs 1,450 crore into home loans and net worth builds toward Rs 2,300 crore over 1–6 months.

Short term

Market checks how Edelweiss uses the sale proceeds and what Nido guides on growth over 1–4 weeks.

8 Aug, 04:32 IST · Market event · high impact

Bajaj Finance crashes 5.8% and erases Rs 33,000 crore of market value, giving back its 8% post-results rally and dragging non-bank lenders with it

India's biggest consumer lender fell almost 6% today, wiping out about Rs 33,000 crore and handing back the 8% jump it made on results day a week ago - and it pulled other lending companies down with it, most likely because the RBI's new debt-collection rules hit exactly this kind of no-collateral lending.

Financial Services

Who it hits first

  • Bajaj Finance loses about Rs 33,000 crore of market value, giving back the 8.32% gain it made on results day a week earlier; at 5.89 times book value the stock was priced for uninterrupted fast growth
  • Bajaj Finserv, which owns the majority of Bajaj Finance, falls 3.70% mechanically, cushioned by its insurance businesses
  • Bajaj Holdings, two levels up the ownership chain, falls only 1.09% because a holding-company discount already applies to it

Who may gain

  • No listed Indian lender directly gains market share from this - it is a repricing of expectations, not a loss of business. The relative winners are the cheapest names in the group: Bajaj Holdings at 1.71 times book and HDB Financial at 2.68 times, which have the least valuation air to lose
  • Banks with cheap deposit funding gain relative appeal as investors rotate out of high-multiple non-bank lenders

Along the supply chain

Downstream

Retailers and manufacturers that depend on point-of-sale consumer finance - consumer durables, electronics, entry-level two-wheelers - face slower credit-funded conversion if Bajaj Finance genuinely tightens underwriting. Bajaj Finance is the single largest provider of no-cost-EMI financing at Indian electronics and durables retail, so its growth pace is a direct input to those companies' sell-through.

Upstream

Wholesale funders and bond markets reprice the group's growth assumptions, which can raise the marginal cost of funds for the whole non-bank lending sector - a real second-round effect if the de-rating persists. Rating agencies and credit-research desks reassess sector growth forecasts.

Where demand moves

Business

Nothing changes in the real economy on the day - Bajaj Finance's borrowers still owe what they owed and its bad loans are still only 1.01% of the book. What changes is the implied forward growth rate. If the largest unsecured consumer lender is growing more slowly, the market infers that consumer credit demand across the sector is softening, so peers with similar customers - Cholamandalam, SBI Cards, Tata Capital, HDB Financial - get the same forward growth rate applied to them. That is a read-across, not a transfer of business.

Capital

Money rotates out of the highest-multiple non-bank lenders (Bajaj Finance at 5.89 times book, Cholamandalam at 5.23) and toward the lower-multiple names in the same group (Bajaj Holdings at 1.71, HDB Financial at 2.68) and toward banks, whose valuations do not depend on a fast consumer-credit growth rate. Within the Bajaj group itself, capital moves down the ownership chain to where the discount is already applied.

How it spreads across sectors

Financial Services

A sector-wide de-rating of high-multiple unsecured consumer lenders, compounded by the RBI recovery rules analysed separately in this scan

When it plays out

Immediate

The de-rating is happening now - the whole non-bank lending complex fell 1-6% today. SBI Cards, the purest read-across for unsecured consumer credit, barely moved (-0.15%) and has not yet been repriced

Medium term

Over one to six months the RBI recovery rules effective January 2027 compound this, because they raise collection costs for exactly the unsecured model being repriced. Sustained slower growth at a 5.89 times book valuation implies a materially lower multiple

Short term

Over one to four weeks watch peer Q1 results and monthly disbursement data to see whether Bajaj Finance's slowdown is company-specific or sector-wide - that single question determines whether the read-across sticks

Who it hits first

  • TATAINVEST: Tata Investment Corp directly proxies hold-co discount narrowing — potential 15-25% rerating over multi-year
  • TATAMOTORS, TCS, TATAPOWER, TATASTEEL: governance scrutiny lifts; dividend policy may shift toward higher payout to fund Tata Sons listing requirements
  • TCS: Tata Sons' 72% stake — listing may pressure cross-shareholding norms

Who may gain

  • TATAINVEST: holding-co discount narrowing direct beneficiary
  • TATAMOTORS, TCS shareholders (long-term): possible higher payout via SOTP unlock
  • Activist/governance investors (proxy advisory firms benefit indirectly)

Along the supply chain

Downstream

Listing prep — investment banks (advisory mandates), credit rating agencies, audit

Upstream

N/A — corporate structure event

Where demand moves

Business

Long-term structural unlock for Tata-group cross-shareholding pyramid

Capital

Speculative re-rating in TATAINVEST (already up substantially); follow-on rotation into Tata-group ops cos with under-rated SOTP

How it spreads across sectors

Diversified

All Tata group co cross-shareholding visibility lifts

Financial Services

TATAINVEST direct re-rating; broader hold-co discount narrowing across Bajaj Holdings, Maharashtra Scooters, Pilani Investment etc. (peer rerating)

Who it hits first

  • Maruti Suzuki: record dispatch beats consensus FY27 guidance; volume momentum confirmed
  • Tata Motors: +31% PV YoY supports turnaround thesis despite Q1 risks
  • Hero MotoCorp: +85% suggests rural recovery; counter-narrative to two-wheeler weakness story
  • Ola Electric: +20% MoM — momentum building, market share consolidation
  • Vahan registrations -10% vs dispatch records: channel inventory build (cautious sign for May-June retail)

Who may gain

  • Auto component suppliers: BHARATFORG, MOTHERSON, SAMVARDHANA — direct demand pull
  • NBFC auto financiers: M&M Financial, Cholafin, Bajaj Finance — disbursement ramp
  • Tyre cos: APOLLOTYRE, MRF, CEAT — OEM demand supports volume despite cost pressure

Along the supply chain

Downstream

Auto NBFC (CHOLAFIN, M&MFIN), insurance (general insurance auto book), used car (CARTRADE)

Upstream

Steel (TATASTEEL, JSW), aluminium (HINDALCO, NALCO), tyres, glass — all lift on volume

Where demand moves

Business

Volume strength supports OEM and tier-1 component momentum. Counter-cyclical to crude shock — wallet-share holding up despite high oil. Watch May vahan reg gap.

Capital

Auto rotation: money flows toward demonstrably strong Maruti/Tata over weaker mid-tier; Hero's 85% rebound makes it a contrarian re-entry; OLAELEC re-rating accelerates

How it spreads across sectors

Auto

Best monthly print in years; momentum confirmed — but registrations gap requires monitoring

Auto Components

Direct positive demand pull

NBFC

Auto loan disbursement momentum

Two-wheelers

Hero's +85% inflects sentiment despite oil; rural recovery signal

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

21 Sep 2026interim₹65
30 Jun 2026unspecified₹80
30 Jun 2026special₹50
22 Sep 2025interim₹65
27 Jun 2025unspecified₹28
25 Sep 2024interim₹65
28 Jun 2024unspecified₹21
28 Sep 2023interim₹110

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
23 Sep 2026Jamnalal Sons Private Limited · Promoter GroupBUY750.08
23 Sep 2026Bajaj Finance Limited · Promoter GroupSELL750.08

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.