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Swing Capital

Bajaj Housing Finance Ltd

NSE: BAJAJHFL BSE: 544252Banking

Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans.[1]It is a 100% subsidiary of Bajaj Finance Limited — one of the most diversified NBFCs in the Indian market. BHFL offers finance to individuals as well as corporate entities for the purchase and renovation of homes, or commercial spaces. It also provides loans against property for business or personal needs as well as working capital for business expansion purposes. BHFL also offers finance to developers engaged in the construction of residential and commercial properties as well as lease rental discounting to developers and HNIs.[2]

₹82.5
52W: ₹72.6 — ₹129
PE 26.7 · Book ₹27 · +206% vs book
Market Cap₹68,717 Cr
Stock P/E26.7Price to Earnings
ROCE8.84%Return on Capital
ROE12.1%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has delivered good profit growth of 41.5% CAGR over last 5 years

Weaknesses

  • −Stock is trading at 3.09 times its book value
  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 13.3% over last 3 years.
  • −Company might be capitalizing the interest cost

Shareholding Pattern

Promoters86.7%
FIIs0.99%
DIIs1.18%
Public11.1%
CategorySep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters88.75%88.75%88.75%88.7%▼0.088.7%86.7%▼2.086.7%
FIIs1.68%1.11%▼0.61.12%▲0.01.04%▼0.10.91%▼0.10.94%▲0.00.99%▲0.1
DIIs1.83%0.82%▼1.00.72%▼0.10.59%▼0.10.54%▼0.01.39%▲0.81.18%▼0.2
Public7.63%9.32%▲1.79.4%▲0.19.61%▲0.29.81%▲0.210.92%▲1.111.1%▲0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0000000000
Expenses164219170179210222244253261262
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit437381483546548587583643665669
EPS ₹0.650.570.620.660.660.70.70.770.80.8

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 1.18% (-0.65pp change). FIIs: 0.99% (-0.69pp change). Promoters hold 86.7%.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 26.7x with 8.84% ROCE. Price is 206% above book value of ₹27. Dividend yield: 0%.

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