Bajaj Housing Finance Limited (BAJAJHFL)

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Bajaj Housing Finance Limited (BAJAJHFL) · mywealthgrid

About

Bajaj Housing Finance Limited is a housing finance company within India's financials sector, with a market capitalization of ₹70,266 crore and quarterly revenues exceeding ₹3,000 crore. Operating margins consistently exceed 90% across recent quarters, indicating tight cost control and strong profitability.

Face value: ₹10

Market cap

₹69,083 Cr

P/E

25.7×

P/B

3.1×

Dividend yield

ROE

12.1%

ROCE

—

Debt / equity

4.6

OPM

90.9%

EPS (TTM)

₹3.2

Book value

₹27.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Debt-to-equity of 4.6 indicates significant leverage; sensitivity to interest-rate changes and housing-demand cycles is material.
Stock declined 25.4% over 12 months despite net-profit growth of ~31% over the same period, signaling valuation or confidence concerns that warrant investigation.
ROE of 12.06% relative to a PE of 26.1 suggests limited near-term earnings growth is priced into the valuation—verify forward earnings catalysts and growth expectations.
Minimal FII (0.9%) and DII (1%) holdings create liquidity and institutional-support risks during market corrections.

Generated analysis · source review pending

Growth drivers

Quarterly revenue growth from ₹2,410 crore (Sep 2024) to ₹3,063 crore (Jun 2026) signals ongoing expansion; verify whether this reflects market-share gains, new-market entry, or aggregate housing-finance demand recovery.
Net profit scaling 31% over 21 months while revenue scales 27% suggests improving per-unit profitability; verify whether loan repricing, credit-loss improvements, or changing loan composition are driving this divergence.
Operating margins holding at 90–92.5% indicate stable cost discipline at current scale; verify whether margins can sustain during further scale-up or if yield compression is anticipated in a rising-rate environment.

Generated analysis · source review pending

503 historical price candles were omitted because the exchange source has not been verified.

₹82.9+2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 90.9%
+High promoter holding of 86.7% with no pledge

Cons

−Heavily leveraged (debt/equity 4.6)
−Weak interest coverage of 1.5×
−Promoter holding fell 2 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 33
Growth: 76
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	7,617	9,576	11,147
Interest	4,693	5,979	6,759
Expenses	724	785	1,010
Financing profit	2,201	2,811	3,377
Financing margin %	28.9%	29.4%	30.3%
Other income	0	0	3
Depreciation	40	41	47
Exceptional items	—	0	-13
Profit before tax	2,161	2,770	3,320
Tax	430	607	760
Tax %	19.9%	21.9%	22.9%
PAT	1,731	2,163	2,560
EPS (₹)	—	2.7	3.1
EPS adjusted (₹)	2.6	2.6	3.1
Annual report	—	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2024	Mar 2025	Mar 2026
Equity capital	6,712	8,328	8,329
Reserves	5,521	11,619	14,194
	69,129	82,072	1,03,704
	464	790	920
Total equity & liabilities	81,827	1,02,809	1,27,147
	123	141	154
CWIP	—	0	0
Investments	1,939	2,533	2,502
	79,766	1,00,135	1,24,491
Total assets	81,827	1,02,809	1,27,147

₹ Cr	Mar 2024	Mar 2025	Mar 2026
	-14,600	-17,075	-19,895
	-555	-798	-1,202
	15,125	17,870	21,197
Net cash flow	-30	-2	100
Free cash flow	-14,626	-17,100	-19,926
CFO / Operating profit %	-211.8%	-194.3%	-196.3%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 16%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 18%

Return on equity

7 years: —
5 years: —
3 years: 12%
Last year: 11%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—
EBITDA margin %	90.5%	91.8%	90.9%
EBIT margin %	90%	91.4%	90.5%
PAT margin %	22.7%	22.6%	23%
Working capital
Receivable days	1	—	—
Inventory days	—	0	0
Payable days	—	—	—
NWC days	—	—	—
Leverage
Current ratio	—	—	—
Debt to EBITDA	10.03	9.34	10.23
Debt to equity	5.65	4.11	4.6
Interest coverage	1.5	1.5	1.5
Asset turnover	0.09	0.09	0.09
Return ratios
Return on assets %	2.1%	2.1%	2%
Return on capital employed %	—	—	—
Return on equity %	14.2%	10.8%	11.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	88.75%	88.75%	88.75%	88.75%	88.7%	88.7%	86.7%	86.7%	86.7%
	2.34%	1.68%	1.11%	1.12%	1.04%	0.9%	0.94%	0.98%	0.9%
	2.52%	1.94%	0.82%	0.72%	0.6%	0.54%	1.39%	1.18%	1.01%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%
	6.39%	7.63%	9.32%	9.41%	9.61%	9.81%	10.92%	11.09%	11.34%
No. of shareholders	—	—	—	—	—	24,45,280	24,28,409	23,64,074	23,15,861

Promoter holding down 2.05 percentage points since Jun 2024.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Seema RaniImmediate relative	SellMarket Sale	7,062	₹8.19 L	0.00% → 0.00%	17 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

1 deal · 2 Dec 2025 – 2 Dec 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
2 Dec 2025	BAJAJ FINANCE LIMITED	Bulk	NSE	Sell	16,66,00,000	₹95.31	₹1,587.86 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Sanjivnayan BajajNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Rajeev JainNon-Executive - Non Independent Director
Mr. Anami Narayan RoyNon-Executive - Independent Director
Mr. Arindam K BhattacharyaNon-Executive - Independent Director
Ms. Jasmine Arish ChaneyNon-Executive - Independent Director
Mr. S M Narasimha SwamyNon-Executive - Independent Director
Mr. Ajay Kumar ChoudharyNon-Executive - Independent Director
Mr. Atul JainExecutive Director-MD
Atul PatniCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 10 fund houses

Held by these funds

0.23%

of the company's equity

All mutual funds

0.28%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

32 schemes · 10 fund houses

		Shares
Growth Mid Cap FundNEW	Nippon India Mutual Fund	99.75 L	83.81	0.16%	0.12%	—
Banking & Financial Services Fund	ICICI Prudential Mutual Fund	50.54 L	42.47	0.37%	0.061%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	10.75 L	9.03	0.22%	0.013%	+38,014
ETF Nifty Midcap 150	Nippon India Mutual Fund	10.56 L	8.87	0.22%	0.013%	+62,611
Nifty Midcap 150 Index Fund	Nippon India Mutual Fund	7.41 L	6.22	0.22%	0.009%	+13,581
Nifty Midcap 150 Index Fund	ICICI Prudential Mutual Fund	3.47 L	2.91	0.22%	0.004%	+11,388
Nifty Midcap 150 Index Fund	SBI Mutual Fund	3.35 L	2.81	0.22%	0.004%	+13,489
Nifty Midcap 150 ETF	ICICI Prudential Mutual Fund	2.05 L	1.72	0.22%	0.002%	-629

1–8 of 32

1 / 4

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

ESG rating received from Niche Ninety Nine Capability and Certifications (OPC) Private Limited18 Sept 2026

Investor Presentation and earnings call

May 2026Transcript AI Summary PPTREC
Feb 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results29 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

31 announcementsExport CSV

28 Sept 2026, 7:13 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—
EBITDA margin %	90.5%	91.8%	90.9%
EBIT margin %	90%	91.4%	90.5%
PAT margin %	22.7%	22.6%	23%
Working capital
Receivable days	1	—	—
Inventory days	—	0	0
Payable days	—	—	—
NWC days	—	—	—
Leverage
Current ratio	—	—	—
Debt to EBITDA	10.03	9.34	10.23
Debt to equity	5.65	4.11	4.6
Interest coverage	1.5	1.5	1.5
Asset turnover	0.09	0.09	0.09
Return ratios
Return on assets %	2.1%	2.1%	2%
Return on capital employed %	—	—	—
Return on equity %	14.2%	10.8%	11.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Bajaj Housing Finance LimitedBAJAJHFLBAJAJHFL	₹69,083 Cr	₹1,72,787 Cr	₹11,606 Cr	₹10,596 Cr	90.9%	₹2,692 Cr	23%	—	12.1%	—
Pnb Housing Finance LimitedPNBHOUSINGPNBHOUSING	₹28,458 Cr	₹99,656 Cr	₹8,692 Cr	₹8,177 Cr	94.5%	₹2,315 Cr	26.9%	—	12.7%	—
Lic Housing Finance LimitedLICHSGFINLICHSGFIN	₹28,000 Cr	₹3,05,356 Cr	₹28,683 Cr	₹27,081 Cr	93.6%	₹5,739 Cr	19.4%	—	14.4%	—
Aadhar Housing Finance LimitedAADHARHFCAADHARHFC	₹19,609 Cr	₹38,352 Cr	₹3,817 Cr	₹2,908 Cr	76.4%	₹1,141 Cr	29.8%	—	15.8%	—
Sammaan Capital LimitedSAMMAANCAPSAMMAANCAP	₹15,388 Cr	₹66,991 Cr	₹7,418 Cr	₹3,373 Cr	41.6%	₹-7,236 Cr	-87.5%	—	-35%	—
Home First Finance Company India LimitedHOMEFIRSTHOMEFIRST	₹11,764 Cr	₹22,354 Cr	₹1,999 Cr	₹1,571 Cr	78.9%	₹581 Cr	28.2%	—	15.7%	—
Aptus Value Housing Finance India LimitedAPTUSAPTUS	₹11,338 Cr	₹19,212 Cr	₹2,306 Cr	₹1,906 Cr	83.4%	₹985 Cr	42%	—	20.1%	—
Can Fin Homes LimitedCANFINHOMECANFINHOME	₹9,471 Cr	₹47,728 Cr	₹4,292 Cr	₹3,953 Cr	92.1%	₹1,130 Cr	25.8%	—	19.7%	—
Aavas Financiers LimitedAAVASAAVAS	₹9,444 Cr	₹21,780 Cr	₹2,018 Cr	₹1,484 Cr	73.5%	₹491 Cr	24.3%	—	13.9%	—
India Shelter Finance Corporation LimitedINDIASHLTRINDIASHLTR	₹7,031 Cr	₹13,277 Cr	₹1,528 Cr	₹1,110 Cr	72.6%	₹503 Cr	32.9%	—	17%	—
Repco Home Finance LimitedREPCOHOMEREPCOHOME	₹2,114 Cr	₹14,320 Cr	₹1,819 Cr	₹1,612 Cr	89.3%	₹482 Cr	26.5%	—	12.7%	—
Gic Housing Finance LimitedGICHSGFINGICHSGFIN	₹716 Cr	₹9,767 Cr	₹1,084 Cr	₹895 Cr	79.1%	₹157 Cr	14.3%	—	7.6%	—

Date	Category	Subject	Filing
28 Sept 2026, 7:13 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 1:08 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
18 Sept 2026, 12:29 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
18 Sept 2026, 12:22 pm	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF
8 Sept 2026, 1:04 pm	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF
3 Sept 2026, 6:28 pm	Company Update General	ESG Rating Received From NSE Sustainability Ratings And Analytics Limited	PDF
1 Sept 2026, 3:16 pm	Company Update Change in Registered Office Address	Announcement under Regulation 30 (LODR)-Change in Registered Office Address	PDF
20 Aug 2026, 11:29 am	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF

Bajaj Housing Finance Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1