Bajaj Holdings & Investment Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 9, 2025, 8:19 pm

Market Cap	1,31,043 Cr.
Current Price	11,775
High / Low	13,238/7,660
Stock P/E	17.4
Book Value	5,375
Dividend Yield	1.11 %
ROCE	13.1 %
ROE	14.8 %
Face Value	10.0
PEG Ratio	1.12

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Bajaj Holdings & Investment Ltd

Competitors of Bajaj Holdings & Investment Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Choice International Ltd	9,729 Cr.	487	569/244	67.9	44.6	0.00 %	24.8 %	23.6 %	10.0
Abans Holdings Ltd	973 Cr.	192	625/165	10.4	198	0.00 %	9.23 %	9.30 %	2.00
Max India Ltd	838 Cr.	194	338/177		103	0.00 %	7.69 %	10.7 %	10.0
IDFC Ltd	17,275 Cr.	108	129/104	19.9	83.6	0.93 %	8.49 %	8.37 %	10.0
BF Investment Ltd	1,803 Cr.	479	829/398	3.79	2,119	0.00 %	10.6 %	7.96 %	5.00
Industry Average	65,814.29 Cr	2,158.29		25.72	1,193.03	0.30%	12.23%	12.86%	6.86

All Competitor Stocks of Bajaj Holdings & Investment Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	96	89	91	188	98	87	104	225	108	1,212	134	279	126
Expenses	31	33	37	37	37	32	36	33	36	35	61	46	31
Operating Profit	64	57	54	151	62	55	68	192	72	1,177	73	233	96
OPM %	67%	64%	60%	81%	63%	63%	66%	85%	67%	97%	54%	83%	76%
Other Income	1,004	1,074	938	1,214	1,252	1,326	1,375	1,479	1,602	1,563	1,554	1,335	1,694
Interest	1	1	1	1	1	5	1	1	1	1	0	0	0
Depreciation	8	8	8	8	8	8	8	8	8	8	8	8	8
Profit before tax	1,059	1,122	984	1,356	1,305	1,368	1,434	1,662	1,665	2,731	1,618	1,559	1,781
Tax %	2%	1%	1%	1%	1%	1%	1%	4%	1%	1%	0%	3%	2%
Net Profit	1,042	1,106	970	1,336	1,287	1,353	1,416	1,588	1,645	2,716	1,615	1,510	1,750
EPS in Rs	93.46	99.32	87.10	111.67	115.52	121.55	127.19	133.98	147.76	244.05	144.70	129.06	157.09

Last Updated: February 28, 2025, 8:30 pm

Below is a detailed analysis of the quarterly data for Bajaj Holdings & Investment Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹126.00 Cr.. The value appears to be declining and may need further review. It has decreased from 279.00 Cr. (Sep 2024) to ₹126.00 Cr., marking a decrease of 153.00 Cr..
For Expenses, as of Dec 2024, the value is ₹31.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 46.00 Cr. (Sep 2024) to ₹31.00 Cr., marking a decrease of 15.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹96.00 Cr.. The value appears to be declining and may need further review. It has decreased from 233.00 Cr. (Sep 2024) to ₹96.00 Cr., marking a decrease of 137.00 Cr..
For OPM %, as of Dec 2024, the value is 76.00%. The value appears to be declining and may need further review. It has decreased from 83.00% (Sep 2024) to 76.00%, marking a decrease of 7.00%.
For Other Income, as of Dec 2024, the value is ₹1,694.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,335.00 Cr. (Sep 2024) to ₹1,694.00 Cr., marking an increase of ₹359.00 Cr..
For Interest, as of Dec 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹8.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 8.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹1,781.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,559.00 Cr. (Sep 2024) to ₹1,781.00 Cr., marking an increase of ₹222.00 Cr..
For Tax %, as of Dec 2024, the value is 2.00%. The value appears to be improving (decreasing) as expected. It has decreased from 3.00% (Sep 2024) to 2.00%, marking a decrease of 1.00%.
For Net Profit, as of Dec 2024, the value is ₹1,750.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,510.00 Cr. (Sep 2024) to ₹1,750.00 Cr., marking an increase of ₹240.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 157.09. The value appears strong and on an upward trend. It has increased from ₹129.06 (Sep 2024) to 157.09, marking an increase of ₹28.03.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:08 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	337	423	524	470	842	420	431	435	457	484	522	1,702	1,751
Expenses	15	23	40	42	215	65	85	134	106	117	142	140	173
Operating Profit	322	400	484	429	628	355	347	301	352	367	380	1,562	1,578
OPM %	95%	94%	92%	91%	75%	85%	80%	69%	77%	76%	73%	92%	90%
Other Income	3	5	35	7	8	2,390	2,827	3,058	3,451	3,896	4,673	5,967	6,147
Interest	0	0	0	0	0	0	0	13	4	3	7	2	2
Depreciation	2	5	6	5	5	5	4	33	34	34	34	34	34
Profit before tax	322	400	513	430	630	2,739	3,170	3,314	3,766	4,226	5,012	7,493	7,690
Tax %	21%	20%	19%	21%	21%	3%	4%	7%	3%	2%	1%	2%
Net Profit	1,856	1,988	2,029	2,265	2,473	2,655	3,048	3,080	3,654	4,126	4,946	7,365	7,591
EPS in Rs	166.80	178.59	182.33	203.54	222.22	238.54	273.90	268.84	327.95	364.41	435.83	652.98	674.90
Dividend Payout %	15%	17%	19%	16%	15%	17%	12%	15%	12%	32%	28%	20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	7.11%	2.06%	11.63%	9.18%	7.36%	14.80%	1.05%	18.64%	12.92%	19.87%	48.91%
Change in YoY Net Profit Growth (%)	0.00%	-5.05%	9.57%	-2.45%	-1.82%	7.44%	-13.75%	17.59%	-5.72%	6.96%	29.03%

Bajaj Holdings & Investment Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: February 12, 2025, 4:04 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	111	111	111	111	111	111	111	111	111	111	111	111	111
Reserves	10,234	11,888	13,282	15,182	17,707	25,090	26,841	27,652	37,056	42,731	44,071	54,136	59,712
Borrowings	0	0	0	0	0	0	0	168	136	114	93	63	47
Other Liabilities	430	449	500	178	71	68	56	4,797	8,186	10,632	8,913	10,851	12,662
Total Liabilities	10,775	12,448	13,893	15,472	17,889	25,269	27,008	32,729	45,490	53,588	53,188	65,161	72,533
Fixed Assets	532	532	544	544	222	215	193	374	342	310	278	244	227
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	9,577	11,325	13,078	13,276	17,364	24,575	26,257	32,068	44,914	52,964	52,555	64,715	71,252
Other Assets	666	592	271	1,651	302	478	558	287	234	314	355	203	1,054
Total Assets	10,775	12,448	13,893	15,472	17,889	25,269	27,008	32,729	45,490	53,588	53,188	65,161	72,533

Below is a detailed analysis of the balance sheet data for Bajaj Holdings & Investment Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹111.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹111.00 Cr..
For Reserves, as of Sep 2024, the value is ₹59,712.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹54,136.00 Cr. (Mar 2024) to ₹59,712.00 Cr., marking an increase of 5,576.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹47.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from ₹63.00 Cr. (Mar 2024) to ₹47.00 Cr., marking a decrease of 16.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹12,662.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹10,851.00 Cr. (Mar 2024) to ₹12,662.00 Cr., marking an increase of 1,811.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹72,533.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹65,161.00 Cr. (Mar 2024) to ₹72,533.00 Cr., marking an increase of 7,372.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹227.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹244.00 Cr. (Mar 2024) to ₹227.00 Cr., marking a decrease of 17.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Investments, as of Sep 2024, the value is ₹71,252.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹64,715.00 Cr. (Mar 2024) to ₹71,252.00 Cr., marking an increase of 6,537.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,054.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹203.00 Cr. (Mar 2024) to ₹1,054.00 Cr., marking an increase of 851.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹72,533.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹65,161.00 Cr. (Mar 2024) to ₹72,533.00 Cr., marking an increase of 7,372.00 Cr..

Notably, the Reserves (₹59,712.00 Cr.) exceed the Borrowings (47.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	473	872	796	1,147	-923	1,631	628	1,920	272	1,610	1,728	1,941
Cash from Investing Activity +	-369	-519	-464	1,019	-372	-1,123	-163	-800	-308	-151	-137	-472
Cash from Financing Activity +	-332	-326	-391	-761	-110	-434	-536	-1,028	-37	-1,460	-1,587	-1,455
Net Cash Flow	-228	27	-59	1,406	-1,406	74	-72	92	-73	-1	4	14

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	322.00	400.00	484.00	429.00	628.00	355.00	347.00	133.00	216.00	253.00	287.00	-62.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	1	0	0	0	0	0	0	4	5	8	5	0
Inventory Days
Days Payable
Cash Conversion Cycle	1	0	0	0	0	0	0	4	5	8	5	0
Working Capital Days	-427	-323	-278	-48	31	120	299	78	67	160	172	11
ROCE %	3%	4%	4%	3%	4%	13%	12%	11%	10%	9%	10%	13%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	49.95%	50.07%	50.48%	51.09%	51.20%	51.20%	51.36%	51.46%	51.46%	51.46%	51.46%	51.46%
FIIs	13.68%	13.31%	13.02%	12.06%	11.80%	12.04%	12.27%	12.34%	12.39%	11.65%	11.57%	11.53%
DIIs	4.29%	4.64%	4.73%	5.17%	5.28%	5.32%	4.95%	4.97%	5.04%	5.88%	5.95%	6.09%
Public	32.08%	31.98%	31.77%	31.68%	31.72%	31.43%	31.41%	31.22%	31.11%	31.01%	31.01%	30.90%
No. of Shareholders	59,509	63,815	64,331	62,749	68,185	65,286	73,437	66,687	63,633	60,734	61,275	60,774

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Parag Parikh Flexi Cap Fund	4,884,755	6.2	3964.54	17,000	2025-03-10	28633.85%
Parag Parikh ELSS Tax Saver Fund	278,938	6.74	226.39	17,000	2025-03-10	1540.81%
L&T Flexicap Fund - Regular Plan	105,732	2.44	70.42	17,000	2025-03-10	521.95%
HSBC Flexi Cap Fund	59,964	1.11	48.67	17,000	2025-03-10	252.73%
Sundaram Consumption Fund	42,124	2.45	34.19	17,000	2025-03-10	147.79%
ICICI Prudential Nifty Next 50 Index Fund	32,338	0.53	26.25	17,000	2025-03-10	90.22%
Nippon India ETF Nifty Next 50 Junior BeES	28,075	0.53	22.79	17,000	2025-03-10	65.15%
UTI Nifty Next 50 Index Fund	25,222	0.53	20.47	17,000	2025-03-10	48.36%
Axis Value Fund	17,000	2.59	13.8	17,000	2025-03-10	0%
SBI Nifty Next 50 ETF	16,542	0.53	13.43	17,000	2025-03-10	-2.69%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	653.00	435.80	364.40	327.90	268.80
Diluted EPS (Rs.)	653.00	435.80	364.40	327.90	268.80
Cash EPS (Rs.)	129.70	28.13	23.87	21.76	5.00
Book Value[Excl.RevalReserv]/Share (Rs.)	5658.28	4633.20	4634.78	3964.20	2902.29
Book Value[Incl.RevalReserv]/Share (Rs.)	5658.28	4633.20	4634.78	3964.20	2902.29
Revenue From Operations / Share (Rs.)	148.14	41.70	38.61	35.86	35.35
PBDIT / Share (Rs.)	141.36	34.62	33.16	32.13	27.11
PBIT / Share (Rs.)	138.32	31.58	30.14	29.11	24.12
PBT / Share (Rs.)	138.13	30.95	29.85	28.77	22.99
Net Profit / Share (Rs.)	126.66	25.09	20.84	18.74	2.01
NP After MI And SOA / Share (Rs.)	653.00	435.85	364.42	327.96	268.85
PBDIT Margin (%)	95.42	83.02	85.89	89.58	76.70
PBIT Margin (%)	93.36	75.72	78.05	81.16	68.22
PBT Margin (%)	93.23	74.23	77.31	80.21	65.04
Net Profit Margin (%)	85.49	60.16	53.97	52.25	5.68
NP After MI And SOA Margin (%)	440.78	1045.16	943.86	914.49	760.58
Return on Networth / Equity (%)	13.39	10.97	9.46	9.82	10.77
Return on Capital Employeed (%)	2.36	0.66	0.62	0.71	0.82
Return On Assets (%)	11.15	9.11	7.56	8.02	9.12
Asset Turnover Ratio (%)	0.02	0.05	0.05	0.01	0.11
Current Ratio (X)	576.71	378.76	331.07	249.08	144.49
Quick Ratio (X)	576.68	378.73	331.03	249.06	144.47
Inventory Turnover Ratio (X)	1.48	0.00	0.00	0.00	0.00
Dividend Payout Ratio (NP) (%)	20.20	33.13	36.39	0.00	26.14
Dividend Payout Ratio (CP) (%)	20.10	32.90	36.09	0.00	25.85
Earning Retention Ratio (%)	79.80	66.87	63.61	0.00	73.86
Cash Earning Retention Ratio (%)	79.90	67.10	63.91	0.00	74.15
Interest Coverage Ratio (X)	728.35	55.52	117.17	94.09	24.06
Interest Coverage Ratio (Post Tax) (X)	653.60	41.23	74.63	55.88	2.78
Enterprise Value (Cr.)	100927.30	73218.21	64597.42	43507.97	24450.96
EV / Net Operating Revenue (X)	61.22	157.77	150.33	109.01	62.16
EV / EBITDA (X)	64.15	190.03	175.02	121.68	81.04
MarketCap / Net Operating Revenue (X)	55.96	141.95	130.08	91.81	50.91
Retention Ratios (%)	79.79	66.86	63.60	0.00	73.85
Price / BV (X)	1.70	1.49	1.30	0.98	0.72
Price / Net Operating Revenue (X)	55.96	141.95	130.08	91.81	50.91
EarningsYield	0.07	0.07	0.07	0.09	0.14

After reviewing the key financial ratios for Bajaj Holdings & Investment Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 653.00. This value is within the healthy range. It has increased from 435.80 (Mar 23) to 653.00, marking an increase of 217.20.
For Diluted EPS (Rs.), as of Mar 24, the value is 653.00. This value is within the healthy range. It has increased from 435.80 (Mar 23) to 653.00, marking an increase of 217.20.
For Cash EPS (Rs.), as of Mar 24, the value is 129.70. This value is within the healthy range. It has increased from 28.13 (Mar 23) to 129.70, marking an increase of 101.57.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 5,658.28. It has increased from 4,633.20 (Mar 23) to 5,658.28, marking an increase of 1,025.08.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 5,658.28. It has increased from 4,633.20 (Mar 23) to 5,658.28, marking an increase of 1,025.08.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 148.14. It has increased from 41.70 (Mar 23) to 148.14, marking an increase of 106.44.
For PBDIT / Share (Rs.), as of Mar 24, the value is 141.36. This value is within the healthy range. It has increased from 34.62 (Mar 23) to 141.36, marking an increase of 106.74.
For PBIT / Share (Rs.), as of Mar 24, the value is 138.32. This value is within the healthy range. It has increased from 31.58 (Mar 23) to 138.32, marking an increase of 106.74.
For PBT / Share (Rs.), as of Mar 24, the value is 138.13. This value is within the healthy range. It has increased from 30.95 (Mar 23) to 138.13, marking an increase of 107.18.
For Net Profit / Share (Rs.), as of Mar 24, the value is 126.66. This value is within the healthy range. It has increased from 25.09 (Mar 23) to 126.66, marking an increase of 101.57.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 653.00. This value is within the healthy range. It has increased from 435.85 (Mar 23) to 653.00, marking an increase of 217.15.
For PBDIT Margin (%), as of Mar 24, the value is 95.42. This value is within the healthy range. It has increased from 83.02 (Mar 23) to 95.42, marking an increase of 12.40.
For PBIT Margin (%), as of Mar 24, the value is 93.36. This value exceeds the healthy maximum of 20. It has increased from 75.72 (Mar 23) to 93.36, marking an increase of 17.64.
For PBT Margin (%), as of Mar 24, the value is 93.23. This value is within the healthy range. It has increased from 74.23 (Mar 23) to 93.23, marking an increase of 19.00.
For Net Profit Margin (%), as of Mar 24, the value is 85.49. This value exceeds the healthy maximum of 10. It has increased from 60.16 (Mar 23) to 85.49, marking an increase of 25.33.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 440.78. This value exceeds the healthy maximum of 20. It has decreased from 1,045.16 (Mar 23) to 440.78, marking a decrease of 604.38.
For Return on Networth / Equity (%), as of Mar 24, the value is 13.39. This value is below the healthy minimum of 15. It has increased from 10.97 (Mar 23) to 13.39, marking an increase of 2.42.
For Return on Capital Employeed (%), as of Mar 24, the value is 2.36. This value is below the healthy minimum of 10. It has increased from 0.66 (Mar 23) to 2.36, marking an increase of 1.70.
For Return On Assets (%), as of Mar 24, the value is 11.15. This value is within the healthy range. It has increased from 9.11 (Mar 23) to 11.15, marking an increase of 2.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.02. It has decreased from 0.05 (Mar 23) to 0.02, marking a decrease of 0.03.
For Current Ratio (X), as of Mar 24, the value is 576.71. This value exceeds the healthy maximum of 3. It has increased from 378.76 (Mar 23) to 576.71, marking an increase of 197.95.
For Quick Ratio (X), as of Mar 24, the value is 576.68. This value exceeds the healthy maximum of 2. It has increased from 378.73 (Mar 23) to 576.68, marking an increase of 197.95.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.48. This value is below the healthy minimum of 4. It has increased from 0.00 (Mar 23) to 1.48, marking an increase of 1.48.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 20.20. This value is within the healthy range. It has decreased from 33.13 (Mar 23) to 20.20, marking a decrease of 12.93.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 20.10. This value is within the healthy range. It has decreased from 32.90 (Mar 23) to 20.10, marking a decrease of 12.80.
For Earning Retention Ratio (%), as of Mar 24, the value is 79.80. This value exceeds the healthy maximum of 70. It has increased from 66.87 (Mar 23) to 79.80, marking an increase of 12.93.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 79.90. This value exceeds the healthy maximum of 70. It has increased from 67.10 (Mar 23) to 79.90, marking an increase of 12.80.
For Interest Coverage Ratio (X), as of Mar 24, the value is 728.35. This value is within the healthy range. It has increased from 55.52 (Mar 23) to 728.35, marking an increase of 672.83.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 653.60. This value is within the healthy range. It has increased from 41.23 (Mar 23) to 653.60, marking an increase of 612.37.
For Enterprise Value (Cr.), as of Mar 24, the value is 100,927.30. It has increased from 73,218.21 (Mar 23) to 100,927.30, marking an increase of 27,709.09.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 61.22. This value exceeds the healthy maximum of 3. It has decreased from 157.77 (Mar 23) to 61.22, marking a decrease of 96.55.
For EV / EBITDA (X), as of Mar 24, the value is 64.15. This value exceeds the healthy maximum of 15. It has decreased from 190.03 (Mar 23) to 64.15, marking a decrease of 125.88.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 55.96. This value exceeds the healthy maximum of 3. It has decreased from 141.95 (Mar 23) to 55.96, marking a decrease of 85.99.
For Retention Ratios (%), as of Mar 24, the value is 79.79. This value exceeds the healthy maximum of 70. It has increased from 66.86 (Mar 23) to 79.79, marking an increase of 12.93.
For Price / BV (X), as of Mar 24, the value is 1.70. This value is within the healthy range. It has increased from 1.49 (Mar 23) to 1.70, marking an increase of 0.21.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 55.96. This value exceeds the healthy maximum of 3. It has decreased from 141.95 (Mar 23) to 55.96, marking a decrease of 85.99.
For EarningsYield, as of Mar 24, the value is 0.07. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.07.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bajaj Holdings & Investment Ltd as of March 12, 2025 is: ₹11,196.27

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Bajaj Holdings & Investment Ltd is Overvalued by 4.91% compared to the current share price 11,775.00

Intrinsic Value of Bajaj Holdings & Investment Ltd as of March 12, 2025 is: 12,934.80

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Bajaj Holdings & Investment Ltd is Undervalued by 9.85% compared to the current share price 11,775.00

Last 5 Year EPS CAGR: 15.53%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -11.50, which is a positive sign. The company has higher reserves (29,660.15 cr) compared to borrowings (47.77 cr), indicating strong financial stability. The company has shown consistent growth in sales (411.31 cr) and profit (179.15 cr) over the years.	The stock has a low average ROCE of 8.00%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 1.92, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bajaj Holdings & Investment Ltd:
1. Net Profit Margin: 85.49%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 2.36% (Industry Average ROCE: 12.23%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 13.39% (Industry Average ROE: 12.86%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 653.6
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 576.68
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 17.4 (Industry average Stock P/E: 25.72)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Bajaj Holdings & Investment Ltd. is a Public Limited Listed company incorporated on 29/11/1945 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65100PN1945PLC004656 and registration number is 004656. Currently Company is involved in the business activities of Activities of holding companies. Company's Total Operating Revenue is Rs. 3111.91 Cr. and Equity Capital is Rs. 111.29 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Holding Company	Mumbai-Pune Road, Akurdi, Pune Maharashtra 411035	investors@bhil.in http://www.bhil.in

Management
Name	Position Held
Mr. Shekhar Bajaj	Chairman
Mr. Niraj Bajaj	Vice Chairman
Mr. Rajiv Bajaj	Vice Chairman
Mr. Sanjiv Bajaj	Managing Director & CEO
Dr. Naushad Forbes	Director
Mr. Pradip P Shah	Director
Dr. Arindam Bhattacharya	Director
Dr. Vidya Rajiv Yeravdekar	Director
Mr. Abhinav Bindra	Director
Ms. Smita Mankad	Director
Mr. Madhur Bajaj	Director
Mr. Manish Kejriwal	Director

FAQ

What is the latest intrinsic value of Bajaj Holdings & Investment Ltd?

The latest intrinsic value of Bajaj Holdings & Investment Ltd as on 11 March 2025 is ₹11196.27, which is 4.91% lower than the current market price of 11,775.00, indicating the stock is overvalued by 4.91%. The intrinsic value of Bajaj Holdings & Investment Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹1,31,043 Cr. and recorded a high/low of ₹13,238/7,660 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹59,712 Cr and total liabilities of ₹72,533 Cr.

What is the Market Cap of Bajaj Holdings & Investment Ltd?

The Market Cap of Bajaj Holdings & Investment Ltd is 1,31,043 Cr..

What is the current Stock Price of Bajaj Holdings & Investment Ltd as on 11 March 2025?

The current stock price of Bajaj Holdings & Investment Ltd as on 11 March 2025 is ₹11,775.

What is the High / Low of Bajaj Holdings & Investment Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Bajaj Holdings & Investment Ltd stocks is ₹13,238/7,660.

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

The Stock P/E of Bajaj Holdings & Investment Ltd is 17.4.

What is the Book Value of Bajaj Holdings & Investment Ltd?

The Book Value of Bajaj Holdings & Investment Ltd is 5,375.

What is the Dividend Yield of Bajaj Holdings & Investment Ltd?

The Dividend Yield of Bajaj Holdings & Investment Ltd is 1.11 %.

What is the ROCE of Bajaj Holdings & Investment Ltd?

The ROCE of Bajaj Holdings & Investment Ltd is 13.1 %.

What is the ROE of Bajaj Holdings & Investment Ltd?

The ROE of Bajaj Holdings & Investment Ltd is 14.8 %.

What is the Face Value of Bajaj Holdings & Investment Ltd?

The Face Value of Bajaj Holdings & Investment Ltd is 10.0.