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BAJAJHFL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.3

Last Updated Time : 19 Mar 26, 07:09 pm

Fundamental Rating: 3.3

Stock Code BAJAJHFL Market Cap 69,233 Cr. Current Price 83.1 ₹ High / Low 137 ₹
Stock P/E 27.8 Book Value 25.4 ₹ Dividend Yield 0.00 % ROCE 9.55 %
ROE 13.5 % Face Value 10.0 ₹ DMA 50 88.7 ₹ DMA 200 103 ₹
Chg in FII Hold 0.03 % Chg in DII Hold 0.85 % PAT Qtr 675 Cr. PAT Prev Qtr 643 Cr.
RSI 36.9 MACD -2.09 Volume 85,55,099 Avg Vol 1Wk 68,74,780
Low price 79.8 ₹ High price 137 ₹ PEG Ratio 0.62 Debt to equity 4.44
52w Index 5.77 % Qtr Profit Var 23.2 % EPS 2.97 ₹ Industry PE 14.1

📊 Financial Overview

  • Revenue & Profitability: PAT improved from 643 Cr. to 675 Cr. (+23.2%), showing steady growth momentum.
  • Margins & Returns: ROCE (9.55%) and ROE (13.5%) are moderate, reflecting average efficiency compared to peers.
  • Debt: Debt-to-equity ratio at 4.44, high but typical for housing finance companies.
  • Cash Flow: EPS at 2.97 ₹, consistent but modest relative to valuation multiples.

💹 Valuation Metrics

  • P/E Ratio: 27.8 vs Industry PE of 14.1 → Overvalued.
  • P/B Ratio: Current Price ₹83.1 vs Book Value ₹25.4 → Stretched valuation.
  • PEG Ratio: 0.62 → Attractive, suggesting valuation is reasonable relative to growth.
  • Intrinsic Value: Current price above fair value zone, but supported by growth prospects.

🏢 Business Model & Competitive Advantage

  • Strong presence in housing finance with diversified lending portfolio.
  • High leverage typical for sector, but growth momentum supports sustainability.
  • Moderate efficiency metrics limit competitive edge compared to top peers.

📈 Entry Zone Recommendation

  • Technicals: RSI at 36.9 (oversold), MACD negative, price below 50DMA & 200DMA.
  • Suggested entry zone: ₹75–₹80 for accumulation.
  • Long-term holding viable given growth prospects, but only at lower valuations.


✅ Positive

  • Quarterly profit growth (+23.2%).
  • PEG ratio (0.62) suggests fair valuation relative to growth.
  • DII holding increased (+0.85%).
  • FII holding slightly increased (+0.03%).

⚠️ Limitation

  • High debt-to-equity ratio (4.44).
  • P/E ratio (27.8) significantly above industry average.
  • P/B ratio stretched compared to book value.
  • No dividend yield (0.00%).

📉 Company Negative News

  • Stock trading below DMA levels, showing weak momentum.
  • High leverage raises risk in volatile interest rate environments.

📈 Company Positive News

  • Quarterly profits improved steadily.
  • Institutional support with rising DII and FII holdings.

🏭 Industry

  • Industry PE at 14.1, much lower than company’s 27.8.
  • Housing finance sector stable with long-term demand growth in India.

🔎 Conclusion

  • Bajaj Housing Finance shows steady profitability growth but trades at stretched valuations.
  • High leverage is structural for the sector but manageable with growth momentum.
  • Best strategy: Accumulate in the ₹75–₹80 zone.
  • Long-term holding viable if earnings growth sustains and valuation aligns closer to industry averages.

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