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BAJAJHLDNG - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.8

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

Fundamental Rating: 2.8

Stock Code BAJAJHLDNG Market Cap 1,09,836 Cr. Current Price 9,860 ₹ High / Low 14,873 ₹
Stock P/E 40.8 Book Value 2,044 ₹ Dividend Yield 0.94 % ROCE 7.24 %
ROE 6.64 % Face Value 10.0 ₹ DMA 50 10,730 ₹ DMA 200 11,584 ₹
Chg in FII Hold -0.07 % Chg in DII Hold 0.00 % PAT Qtr 181 Cr. PAT Prev Qtr 2,181 Cr.
RSI 34.3 MACD -346 Volume 33,484 Avg Vol 1Wk 53,426
Low price 9,345 ₹ High price 14,873 ₹ PEG Ratio -5.09 Debt to equity 0.00
52w Index 9.32 % Qtr Profit Var 115 % EPS 403 ₹ Industry PE 16.9

📊 Financial Overview

  • Revenue & Profitability: PAT collapsed from 2,181 Cr. to 181 Cr. (-94.2%), showing severe earnings volatility despite long-term holdings strength.
  • Margins & Returns: ROCE (7.24%) and ROE (6.64%) are weak, reflecting low efficiency compared to peers.
  • Debt: Debt-to-equity ratio at 0.00, debt-free balance sheet ensures financial stability.
  • Cash Flow: EPS at 403 ₹, but earnings inconsistency raises concerns.

💹 Valuation Metrics

  • P/E Ratio: 40.8 vs Industry PE of 16.9 → Overvalued.
  • P/B Ratio: Current Price ₹9,860 vs Book Value ₹2,044 → Stretched valuation.
  • PEG Ratio: -5.09 → Negative, reflecting poor growth prospects.
  • Intrinsic Value: Current price far above fair value zone.

🏢 Business Model & Competitive Advantage

  • Holding company structure with diversified investments across Bajaj Group entities.
  • Debt-free balance sheet provides resilience.
  • However, profitability volatility and stretched valuations weaken competitive positioning.

📈 Entry Zone Recommendation

  • Technicals: RSI at 34.3 (oversold), MACD negative, price below 50DMA & 200DMA.
  • Suggested entry zone: ₹9,000–₹9,300 for accumulation.
  • Long-term holding viable only if earnings stabilize and valuations normalize.


✅ Positive

  • Debt-free balance sheet.
  • EPS at 403 ₹, strong long-term earnings potential.
  • DII holding stable, FII reduction minimal.

⚠️ Limitation

  • Quarterly profit collapsed (-94.2%).
  • ROCE and ROE relatively weak.
  • P/E ratio (40.8) significantly above industry average.
  • PEG ratio negative, signaling poor growth outlook.

📉 Company Negative News

  • FII holding reduced (-0.07%).
  • Weak quarterly earnings performance.

📈 Company Positive News

  • DII holding stable (0.00%).
  • Debt-free structure supports financial stability.

🏭 Industry

  • Industry PE at 16.9, much lower than company’s 40.8.
  • Financial holding sector stable, but company trades at premium valuations.

🔎 Conclusion

  • Bajaj Holdings shows financial stability with a debt-free balance sheet but faces severe earnings volatility.
  • Valuation is stretched compared to industry peers, limiting near-term upside.
  • Best strategy: Accumulate in the ₹9,000–₹9,300 zone after correction.
  • Long-term holding viable only if profitability stabilizes and valuation aligns with industry norms.

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