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Last Updated: April 2, 2026, 2:40 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500490 | NSE: BAJAJHLDNG

Bajaj Holdings & Investment Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹7,316.16Overvalued by 17.86%vs CMP ₹8,907.00

P/E (13.5) × ROE (11.0%) × BV (₹6,095.00) × DY (1.04%)

₹7,313.28Overvalued by 17.89%vs CMP ₹8,907.00
MoS: -21.8% (Negative)Confidence: 53/100 (Moderate)Models: 2 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹8,539.6823%Fair (-4.1%)
Graham NumberEarnings₹10,405.6216%Under (+16.8%)
Earnings PowerEarnings₹4,842.7314%Over (-45.6%)
DCFCash Flow₹17,436.3811%Under (+95.8%)
Net Asset ValueAssets₹6,095.257%Over (-31.6%)
EV/EBITDAEnterprise₹638.069%Over (-92.8%)
Earnings YieldEarnings₹7,895.507%Over (-11.4%)
ROCE CapitalReturns₹360.727%Over (-96%)
Revenue MultipleRevenue₹99.605%Over (-98.9%)
Consensus (9 models)₹7,313.28100%Overvalued
Key Drivers: Wide model spread (₹100–₹17,436) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.7%

*Investments are subject to market risks

Investment Snapshot

59
Bajaj Holdings & Investment Ltd scores 59/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 9.8% AverageROE 11.0% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 51.5% Stable
Earnings Quality55/100 · Moderate
OPM expanding (75% → 84%) ImprovingWorking capital: 500 days Capital intensive
Quarterly Momentum53/100 · Moderate
Revenue (4Q): -34% YoY DecliningProfit (4Q): +18% YoY PositiveOPM: 86.0% (up 10.0% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 13.5 vs industry 24.1 Cheaper than peersROCE 9.8% vs industry 12.5% Average3Y sales CAGR: 15% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:40 am

Market Cap 99,126 Cr.
Current Price 8,907
Intrinsic Value₹7,313.28
High / Low 14,873/8,712
Stock P/E13.5
Book Value 6,095
Dividend Yield1.04 %
ROCE9.82 %
ROE11.0 %
Face Value 10.0
PEG Ratio0.81

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

View Share Price Target for Bajaj Holdings & Investment Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bajaj Holdings & Investment Ltd 99,126 Cr. 8,907 14,873/8,71213.5 6,0951.04 %9.82 %11.0 % 10.0
IDFC Ltd 17,275 Cr. 108 /19.9 83.60.93 %8.49 %8.37 % 10.0
Choice International Ltd 14,263 Cr. 640 860/47468.2 54.90.00 %20.0 %19.6 % 10.0
BF Investment Ltd 1,305 Cr. 347 562/3157.94 1,8800.00 %4.62 %3.39 % 5.00
Abans Holdings Ltd 1,019 Cr. 201 270/1737.92 2330.00 %9.71 %10.2 % 2.00
Industry Average56,762.86 Cr1,713.0024.061,273.510.29%12.46%13.71%6.86

All Competitor Stocks of Bajaj Holdings & Investment Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 98871042251081,212134279126145325397288
Expenses 37323633363561463142414341
Operating Profit 625568192721,1777323396103284353247
OPM % 63%63%66%85%67%97%54%83%76%71%87%89%86%
Other Income 1,2521,3261,3751,4791,6021,5631,5541,3351,6941,6953,4281,6301,846
Interest 1511110000000
Depreciation 8888888888888
Profit before tax 1,3051,3681,4341,6621,6652,7311,6181,5591,7811,7893,7041,9762,084
Tax % 1%1%1%4%1%1%0%3%2%2%5%14%3%
Net Profit 1,2871,3531,4161,5881,6452,7161,6151,5101,7501,7513,5041,6902,018
EPS in Rs 115.52121.55127.19133.98147.76244.05144.70129.06157.09155.04313.27140.08181.16

Last Updated: February 6, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 12:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4235244708424204314354574845221,7027391,154
Expenses 2340422156585134106117142140180167
Operating Profit 4004844296283553473013523673801,562559987
OPM % 94%92%91%75%85%80%69%77%76%73%92%76%86%
Other Income 535782,3902,8273,0583,4513,8964,6735,9676,2248,599
Interest 00000013437211
Depreciation 56555433343434343432
Profit before tax 4005134306302,7393,1703,3143,7664,2265,0127,4936,7489,553
Tax % 20%19%21%21%3%4%7%3%2%1%2%2%
Net Profit 1,9882,0292,2652,4732,6553,0483,0803,6544,1264,9467,3656,6268,963
EPS in Rs 178.59182.33203.54222.22238.54273.90268.84327.95364.41435.83652.98585.90789.55
Dividend Payout % 17%19%16%15%17%12%15%12%32%28%20%16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)2.06%11.63%9.18%7.36%14.80%1.05%18.64%12.92%19.87%48.91%-10.03%
Change in YoY Net Profit Growth (%)0.00%9.57%-2.45%-1.82%7.44%-13.75%17.59%-5.72%6.96%29.03%-58.94%

Bajaj Holdings & Investment Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:11%
3 Years:15%
TTM:-48%
Compounded Profit Growth
10 Years:12%
5 Years:17%
3 Years:17%
TTM:-7%
Stock Price CAGR
10 Years:24%
5 Years:38%
3 Years:32%
1 Year:17%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:12%
Last Year:11%

Last Updated: September 5, 2025, 12:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:00 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 111111111111111111111111111111111111111
Reserves 11,88813,28215,18217,70725,09026,84127,65237,05642,73144,07154,13662,57667,723
Borrowings 00000016813611493633115
Other Liabilities 4495001787168564,7978,18610,6328,91310,85112,54714,665
Total Liabilities 12,44813,89315,47217,88925,26927,00832,72945,49053,58853,18865,16175,26682,514
Fixed Assets 532544544222215193374342310278244203187
CWIP 0000000000000
Investments 11,32513,07813,27617,36424,57526,25732,06844,91452,96452,55564,71573,80881,322
Other Assets 5922711,6513024785582872343143552031,2541,005
Total Assets 12,44813,89315,47217,88925,26927,00832,72945,49053,58853,18865,16175,26682,514

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8727961,147-9231,6316281,9202721,6101,7281,941-1,957
Cash from Investing Activity + -519-4641,019-372-1,123-163-800-308-151-137-4723,054
Cash from Financing Activity + -326-391-761-110-434-536-1,028-37-1,460-1,587-1,455-1,055
Net Cash Flow 27-591,406-1,40674-7292-73-141443
Free Cash Flow 8727961,146-9231,6316281,9162711,6081,7261,941-1,865
CFO/OP 238%171%285%-121%512%209%662%108%492%493%133%-233%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow400.00484.00429.00628.00355.00347.00133.00216.00253.00287.00-62.00528.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 000000458500
Inventory Days
Days Payable
Cash Conversion Cycle 000000458500
Working Capital Days -323-278-4831120299786716017211500
ROCE %4%4%3%4%13%12%11%10%9%10%13%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 51.46%51.46%51.46%51.46%51.46%51.46%51.46%51.46%51.46%51.46%51.46%51.46%
FIIs 12.34%12.39%11.65%11.57%11.53%11.21%10.89%10.65%10.56%10.31%10.33%10.26%
DIIs 4.97%5.04%5.88%5.95%6.09%6.42%6.80%7.12%7.30%7.45%7.31%7.31%
Public 31.22%31.11%31.01%31.01%30.90%30.92%30.82%30.75%30.69%30.78%30.90%30.97%
No. of Shareholders 66,68763,63360,73461,27560,77465,30065,69564,33869,35472,78375,88484,234

Shareholding Pattern Chart

No. of Shareholders

Bajaj Holdings & Investment Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Parag Parikh Flexi Cap Fund 5,979,253 4.82 6457.595,318,9182026-02-21 02:56:2912.41%
Parag Parikh ELSS Tax Saver Fund 352,751 6.6 380.97338,8782026-02-22 10:47:354.09%
ICICI Prudential Dividend Yield Equity Fund 117,000 1.98 126.36N/AN/AN/A
ICICI Prudential Banking and Financial Services 84,949 0.84 91.7488,5052026-02-22 13:39:32-4.02%
Motilal Oswal Multi Cap Fund 70,400 1.85 76.0399,7782026-02-23 00:43:38-29.44%
Sundaram Consumption Fund 43,357 3.21 46.8340,8882025-12-14 15:30:196.04%
Motilal Oswal Large Cap Fund 35,000 1.23 37.832,8362026-02-21 10:37:036.59%
ICICI Prudential Childrens Fund 22,845 1.79 24.67N/AN/AN/A
Mirae Asset Arbitrage Fund 17,200 0.51 18.5812,1502026-02-21 16:11:4941.56%
Taurus Flexi Cap Fund 8,669 2.74 9.366,8952026-01-26 00:07:3425.73%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 585.90653.00435.80364.40327.90
Diluted EPS (Rs.) 585.90653.00435.80364.40327.90
Cash EPS (Rs.) 47.44129.7028.1323.8721.76
Book Value[Excl.RevalReserv]/Share (Rs.) 5632.815658.284633.204634.783964.20
Book Value[Incl.RevalReserv]/Share (Rs.) 5632.815658.284633.204634.783964.20
Revenue From Operations / Share (Rs.) 61.50148.1441.7038.6135.86
PBDIT / Share (Rs.) 58.55141.3634.6233.1632.13
PBIT / Share (Rs.) 55.51138.3231.5830.1429.11
PBT / Share (Rs.) 55.38138.1330.9529.8528.77
Net Profit / Share (Rs.) 44.40126.6625.0920.8418.74
NP After MI And SOA / Share (Rs.) 585.92653.00435.85364.42327.96
PBDIT Margin (%) 95.1995.4283.0285.8989.58
PBIT Margin (%) 90.2693.3675.7278.0581.16
PBT Margin (%) 90.0493.2374.2377.3180.21
Net Profit Margin (%) 72.2085.4960.1653.9752.25
NP After MI And SOA Margin (%) 952.72440.781045.16943.86914.49
Return on Networth / Equity (%) 10.4013.3910.979.469.82
Return on Capital Employeed (%) 0.822.360.660.620.71
Return On Assets (%) 8.6611.159.117.568.02
Asset Turnover Ratio (%) 0.010.020.050.050.01
Current Ratio (X) 869.90576.71378.76331.07249.08
Quick Ratio (X) 869.90576.68378.73331.03249.06
Inventory Turnover Ratio (X) 374.001.480.000.000.00
Dividend Payout Ratio (NP) (%) 16.1920.2033.1336.390.00
Dividend Payout Ratio (CP) (%) 16.1120.1032.9036.090.00
Earning Retention Ratio (%) 83.8179.8066.8763.610.00
Cash Earning Retention Ratio (%) 83.8979.9067.1063.910.00
Interest Coverage Ratio (X) 440.24728.3555.52117.1794.09
Interest Coverage Ratio (Post Tax) (X) 334.90653.6041.2374.6355.88
Enterprise Value (Cr.) 148665.81100927.3073218.2164597.4243507.97
EV / Net Operating Revenue (X) 217.2161.22157.77150.33109.01
EV / EBITDA (X) 228.1764.15190.03175.02121.68
MarketCap / Net Operating Revenue (X) 202.7855.96141.95130.0891.81
Retention Ratios (%) 83.8079.7966.8663.600.00
Price / BV (X) 2.211.701.491.300.98
Price / Net Operating Revenue (X) 202.7855.96141.95130.0891.81
EarningsYield 0.040.070.070.070.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 1512.77 Cr. and Equity Capital is Rs. 111.29 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Holding CompanyMumbai-Pune Road, Akurdi, Pune Maharashtra 411035Contact not found
Management
NamePosition Held
Mr. Shekhar BajajChairman
Mr. Niraj BajajVice Chairman
Mr. Rajiv BajajVice Chairman
Mr. Sanjiv BajajManaging Director & CEO
Dr. Naushad ForbesDirector
Mr. Pradip P ShahDirector
Dr. Arindam BhattacharyaDirector
Dr. Vidya YeravdekarDirector
Mr. Abhinav BindraDirector
Ms. Smita MankadDirector
Mr. Manish KejriwalDirector

FAQ

What is the intrinsic value of Bajaj Holdings & Investment Ltd and is it undervalued?

As of 15 April 2026, Bajaj Holdings & Investment Ltd's intrinsic value is ₹7313.28, which is 17.89% lower than the current market price of ₹8,907.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.0 %), book value (₹6,095), dividend yield (1.04 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bajaj Holdings & Investment Ltd?

Bajaj Holdings & Investment Ltd is trading at ₹8,907.00 as of 15 April 2026, with a FY2026-2027 high of ₹14,873 and low of ₹8,712. The stock is currently near its 52-week low. Market cap stands at ₹99,126 Cr..

How does Bajaj Holdings & Investment Ltd's P/E ratio compare to its industry?

Bajaj Holdings & Investment Ltd has a P/E ratio of 13.5, which is below the industry average of 24.06. This is broadly in line with or below the industry average.

Is Bajaj Holdings & Investment Ltd financially healthy?

Key indicators for Bajaj Holdings & Investment Ltd: ROCE of 9.82 % is on the lower side compared to the industry average of 12.46%. Dividend yield is 1.04 %.

Is Bajaj Holdings & Investment Ltd profitable and how is the profit trend?

Bajaj Holdings & Investment Ltd reported a net profit of ₹6,626 Cr in Mar 2025 on revenue of ₹739 Cr. Compared to ₹4,126 Cr in Mar 2022, the net profit shows an improving trend.

Does Bajaj Holdings & Investment Ltd pay dividends?

Bajaj Holdings & Investment Ltd has a dividend yield of 1.04 % at the current price of ₹8,907.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bajaj Holdings & Investment Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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