Bajaj Holdings & Investment Limited (BAJAJHLDNG)

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Bajaj Holdings & Investment Limited (BAJAJHLDNG) · mywealthgrid

About

Bajaj Holdings & Investment Limited is a holding company in the Financials sector with market capitalization of ₹1,27,716.75 Cr and ROE of 14.19%. It generates returns through stakes in subsidiary companies, with zero debt and PE of 14.2.

Face value: ₹10

Market cap

₹1,18,713 Cr

P/E

13.2×

P/B

1.6×

Dividend yield

2.4%

ROE

14.2%

ROCE

—

Debt / equity

OPM

84.8%

EPS (TTM)

₹808.1

Book value

₹6,573.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

EPS ranges from ₹16.3 to ₹243.18 across recent quarters, making earnings entirely dependent on and unpredictable from subsidiary performance.
Revenue fluctuates between ₹54.11 Cr and ₹2,501.15 Cr, indicating underlying cash generation is unstable or irregular.
1y return of −16.73% despite PE of 14.2 signals investor concerns; researcher should verify the size, sector, and valuation of major subsidiaries.
Researcher should identify: What percentage of earnings and assets are concentrated in top-3 or top-5 subsidiaries?

Generated analysis · source review pending

Growth drivers

Multiple dividend declarations (June 2026, 2025; September 2025, 2024) demonstrate holdings are generating cash returns.
ROE of 14.19% shows capital is earning returns; verify whether subsidiary earnings are growing or holdings are static.
52w range ₹8,746–₹14,523 shows stock recovered sharply from lows; verify whether recovery reflects improving subsidiary valuations.
Researcher should confirm: Are major subsidiaries positioned in growth sectors or benefiting from market-share expansion?

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹10,666.0+0.6%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 84.8%
+Profit CAGR of 21.4% over the last 5 years
+Revenue CAGR of 21.8% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 1291.3×
+Dividend payout of 32.2% of profit

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

72/100

Business quality: 84
Growth: 68
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 NEXT 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry

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Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	470	842	420	427	393	399	430	464	1,649	684	1,070
Interest	—	—	—	—	13	4	3	7	2	1	1
Expenses	41	214	70	89	134	106	117	142	140	180	162
Financing profit	—	—	—	—	247	290	309	315	1,506	503	907
Financing margin %	—	—	—	—	62.8%	72.6%	71.9%	67.9%	91.4%	73.5%	84.8%
Other income	7	8	5	5	42	64	57	63	65	147	54
Depreciation	5	5	—	—	33	34	34	34	34	34	32
Exceptional items	—	—	—	—	0	0	0	0	0	0	1,522
Profit before tax	430	630	2,739	3,170	3,314	3,766	4,226	5,012	7,493	6,748	10,057
Tax	88	135	85	122	233	112	100	65	128	122	268
Tax %	20.5%	21.4%	3.1%	3.8%	7.1%	3%	2.4%	1.3%	1.7%	1.8%	2.7%
PAT	342	496	2,655	3,048	3,080	3,654	4,126	4,946	7,365	6,626	9,789
EPS (₹)	—	—	—	—	268.8	327.9	364.4	435.8	653	585.9	865.9
EPS adjusted (₹)	30.7	44.5	238.5	—	—	—	—	435.9	653	585.9	865.9
	—	—	—	—	14.9%	12.2%	31.6%	28.2%	20.1%	15.9%	22.5%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	111	111	111	—	—	111	111	111	111
Reserves	15,182	17,707	21,280	—	—	44,071	54,136	62,576	73,039
Minority interest	—	—	—	—	—	7,380	8,724	9,982	9,268
	—	—	—	0	0	0	0	0	0
	178	71	78	—	—	1,625	2,190	2,597	2,769
Total equity & liabilities	15,472	17,889	21,468	—	—	53,188	65,161	75,266	85,187
	9	8	9	—	—	104	73	36	17
CWIP	—	—	—	—	—	0	0	0	0
Investments	13,276	17,560	20,909	44,914	52,964	52,555	64,715	73,808	84,865
	2,187	320	550	—	—	529	373	1,422	306
Total assets	15,472	17,889	21,468	—	—	53,188	65,161	75,266	85,187

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	726	1,993	272	1,610	1,728	436	-1,957	2,564
	-163	-800	-308	-151	-137	-472	3,054	-3,695
	-536	-1,028	-37	-1,460	-1,587	-1,455	-1,055	1,060
Net cash flow	-72	92	-73	-1	4	-1,491	43	-71
Free cash flow	726	1,989	271	1,608	1,726	436	-1,958	2,564
CFO / Operating profit %	214.7%	768.3%	92.5%	515.5%	536.5%	28.9%	-387.8%	282.6%

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	98.1%	98%	98.2%	97.9%	—	—	—
EBITDA margin %	79.2%	66%	73.6%	72.7%	69.4%	91.5%	73.7%	84.8%
EBIT margin %	79.2%	57.5%	65.1%	64.8%	62.1%	89.4%	68.8%	81.8%
PAT margin %	714.4%	783%	915.6%	960.1%	1,065.8%	446.7%	968.1%	915.2%
Working capital
Receivable days	—	—	—	—	—	—	—	—
Inventory days	—	—	—	—	145	10	0	0
Payable days	—	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	—	0	0	0	0	0	0
Debt to equity	—	—	—	—	0	0	0	0
Interest coverage	—	21.4	85.3	106.5	50.6	712.7	417.4	1,291.3
Asset turnover	—	—	—	—	0.01	0.03	0.01	0.01
Return ratios
Return on assets %	—	—	—	—	9.3%	11.3%	8.8%	11.5%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	—	—	—	—	11.2%	13.6%	10.6%	13.4%

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 (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%
	11.65%	11.57%	11.54%	11.2%	10.89%	10.65%	10.56%	10.31%	10.33%	10.26%	9.62%	9.46%
	5.88%	5.95%	6.1%	6.42%	6.81%	7.12%	7.29%	7.45%	7.31%	7.31%	8.07%	8.27%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	31.01%	31.02%	30.9%	30.92%	30.84%	30.77%	30.69%	30.78%	30.9%	30.97%	30.85%	30.81%
No. of shareholders	—	—	—	—	—	—	—	—	75,884	84,234	83,963	83,499

Promoter holding up 0 percentage points since Sep 2023.

9 deals · 30 Nov 2022 – 4 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
4 Feb 2026	SERUM INSTITUTE OF INDIA PRIVATE LIMITED	Block	NSE	Buy	92,613	₹11,025.00	₹102.11 Cr
4 Feb 2026	CYRUS SOLI POONAWALLA	Block	NSE	Sell	92,613	₹11,025.00	₹102.11 Cr
7 Oct 2025	GOLDMAN SACHS (SINGAPORE) PTE	Block	NSE	Sell	36,863	₹11,802.00	₹43.51 Cr
7 Oct 2025	GOLDMAN SACHS BANK EUROPESE	Block	NSE	Buy	36,863	₹11,802.00	₹43.51 Cr
14 Jul 2025	STATE STREET MSCI ACWI EX USA IMI SCREENED NON-LENDING COMMON TRUST FUND	Block	BSE	Sell	7,622	₹13,752.00	₹10.48 Cr
14 Jul 2025	STATE STREET MSCI ACWI EX USA IMI SCREENED NON-LENDING COMMON TRUST FUND	Block	BSE	Buy	7,622	₹13,752.00	₹10.48 Cr
7 Nov 2024	CITIGROUP GLOBAL MARKETS SINGAPORE PTE LIMITED	Block	NSE	Buy	29,230	₹10,500.00	₹30.69 Cr
7 Nov 2024	CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED	Block	NSE	Sell	29,230	₹10,500.00	₹30.69 Cr
30 Nov 2022	INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD.	Bulk	NSE	Sell	5,83,876	₹6,266.25	₹365.87 Cr

1–9 of 9

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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. Shekharkumar Ramkrishnaji BajajNon-Executive - Non Independent Director-Chairperson related to Promoter
Anant MaratheChief Financial Officer
Mr. Niraj Ramkrishna BajajNon-Executive - Non Independent Director
Mr. Sanjivnayan Rahulkumar BajajExecutive Director-CEO-MD
Mr. Rajivnayan Rahulkumar BajajNon-Executive - Non Independent Director
Mr. Manish Santoshkumar KejriwalNon-Executive - Non Independent Director
Mr. Anish AminChief Risk Officer
Mr. Naushad Darius ForbesNon-Executive - Independent Director
Mr. Pradip Panalal ShahNon-Executive - Independent Director
Mr. Arindam K BhattacharyaNon-Executive - Independent Director
Ms. Vidya Rajiv Yeravdekar

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F&O

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

End of day 30 Sept 2026 · underlying ₹10,788.0 · volume and open interest in contracts

1

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size	History
27 Oct 2026	₹10,836.0	+34	+0.3%	₹10,836.0	3,061	+61	255	75

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

38

27 Oct 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	9,000	₹17.8	1	+1

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Fund holders

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

Portfolio month

Schemes holding

across 15 fund houses

Held by these funds

6.98%

of the company's equity

All mutual funds

7.2%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

62 schemes · 15 fund houses

		Shares
Parag Parikh Flexi Cap Fund	PPFAS Mutual Fund	65.02 L	7,571.11	5.14%	5.842%	+1.49 L
Parag Parikh ELSS Tax Saver Fund	PPFAS Mutual Fund	3.53 L	410.74	7.32%	0.317%	-0
Nifty Next 50 Index Fund	ICICI Prudential Mutual Fund	1.72 L	200.68	1.98%	0.155%	+2,745
ETF NIFTY NEXT 50 JUNIOR BEES	Nippon India Mutual Fund	1.53 L	177.95	1.98%	0.137%	+5,022
Dividend Yield FundNEW	ICICI Prudential Mutual Fund	1.25 L	145.45	2.17%	0.112%	—
Nifty Next 50 ETF	SBI Mutual Fund	52,113	60.68	1.98%	0.047%	+113
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	50,000	58.22	1.85%	0.045%	-0
Nifty Next 50 ETF	ICICI Prudential Mutual Fund	46,337	53.95	1.98%	0.042%	+196

1–8 of 62

1 / 8

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Documents

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

Announcements

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

45 announcementsExport CSV

28 Sept 2026, 7:11 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

18 Sept 2026, 10:58 amCompany Update

Communication Sent To Shareholders Regarding Tax Deduction At Source (TDS) On Interim Dividend And Updation Of Bank Account Details

General PDF

15 Sept 2026, 10:00 amCorp. Action

Intimation Under Regulation 42 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Record Date

Record Date PDF

15 Sept 2026, 9:54 amCorp. Action

Announcement under Regulation 30 (LODR)-Dividend Updates

Dividend Updates PDF

15 Sept 2026, 9:47 amBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Under Regulation 30 And Regulation 42 Of The SEBI Listing Regulations

Outcome of Board Meeting PDF

8 Sept 2026, 5:23 pmBoard Meeting

Board Meeting Intimation for Considering Declaration Of Interim Dividend For FY2027

Exchange filing PDF

1 Sept 2026, 4:52 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Registered Office Address

Change in Registered Office Address PDF

3 Aug 2026, 5:58 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

Date	Category	Subject	Filing
28 Sept 2026, 7:11 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
18 Sept 2026, 10:58 am	Company Update General	Communication Sent To Shareholders Regarding Tax Deduction At Source (TDS) On Interim Dividend And Updation Of Bank Account Details

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	98.1%	98%	98.2%	97.9%	—	—	—
EBITDA margin %	79.2%	66%	73.6%	72.7%	69.4%	91.5%	73.7%	84.8%
EBIT margin %	79.2%	57.5%	65.1%	64.8%	62.1%	89.4%	68.8%	81.8%
PAT margin %	714.4%	783%	915.6%	960.1%	1,065.8%	446.7%	968.1%	915.2%
Working capital
Receivable days	—	—	—	—	—	—	—	—
Inventory days	—	—	—	—	145	10	0	0
Payable days	—	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	—	0	0	0	0	0	0
Debt to equity	—	—	—	—	0	0	0	0
Interest coverage	—	21.4	85.3	106.5	50.6	712.7	417.4	1,291.3
Asset turnover	—	—	—	—	0.01	0.03	0.01	0.01
Return ratios
Return on assets %	—	—	—	—	9.3%	11.3%	8.8%	11.5%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	—	—	—	—	11.2%	13.6%	10.6%	13.4%

Calls	Strike	Puts
0	0	0	₹0.0	9,000	₹17.8	1	+1

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Bajaj Holdings & Investment LimitedBAJAJHLDNGBAJAJHLDNG	₹1,18,713 Cr	₹1,18,713 Cr	₹1,139 Cr	₹965 Cr	84.8%	₹8,993 Cr	915.2%	—	14.2%	—
Choice International LimitedCHOICEINCHOICEIN	₹16,028 Cr	₹16,912 Cr	₹1,194 Cr	₹421 Cr	35.8%	₹251 Cr	21.3%	21.9%	16.1%	117
Edelweiss Financial Services LimitedEDELWEISSEDELWEISS	₹13,052 Cr	₹31,557 Cr	₹10,517 Cr	₹2,903 Cr	29.7%	₹602 Cr	6.5%	—	12.1%	—
Jm Financial LimitedJMFINANCILJMFINANCIL	₹11,809 Cr	₹23,331 Cr	₹4,180 Cr	₹2,360 Cr	61.4%	₹1,040 Cr	29.4%	—	11.8%	—
Kama Holdings LimitedKAMAHOLDKAMAHOLD	₹7,264 Cr	—	₹38 Cr	₹37 Cr	97.7%	₹38 Cr	100.6%	—	7.1%	—
Rane Holdings LimitedRANEHOLDINRANEHOLDIN	₹2,172 Cr	₹3,053 Cr	₹6,129 Cr	₹442 Cr	7.4%	₹84 Cr	2.3%	14.8%	8.7%	49
Bf Investment LimitedBFINVESTBFINVEST	₹1,616 Cr	₹1,616 Cr	₹78 Cr	₹66 Cr	83.9%	₹390 Cr	369.5%	—	3.7%	—
Balmer Lawrie Investments LimitedBLILBLIL	₹1,443 Cr	—	₹124 Cr	—	—	₹31 Cr	25%	—	16.7%	—
Abans Financial Services LimitedAFSLAFSL	₹1,021 Cr	₹1,765 Cr	₹25,747 Cr	₹206 Cr	0.7%	₹128 Cr	0.4%	12.2%	8.3%	-0
Max India LimitedMAXINDMAXIND	₹856 Cr	₹858 Cr	₹214 Cr	₹-112 Cr	-55.6%	₹-132 Cr	-63.9%	-22.2%	-31.8%	-59
Gfl LimitedGFLLIMITEDGFLLIMITED	₹607 Cr	₹607 Cr	₹4 Cr	₹2 Cr	47.6%	₹61 Cr	—	—	1.8%	—
Nisus Finance Services Co LtdNISUSNISUS	₹384 Cr	—	₹561 Cr	₹139 Cr	24.7%	₹70 Cr	12.5%	—	—	—

Bajaj Holdings & Investment Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

1

38

Fund holders

Documents

Announcements

Events

Announcements

1

38

Announcements

Annual reports

27

1

Compounded sales growth

Compounded profit growth

Return on equity

Bajaj Holdings & Investment 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

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures1

Option chain38

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Futures1

Option chain38

Announcements

Annual reports

Dividends27

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

38

1

38

27

1