Bajaj Finance Share Price Target 2024-2030 Fundamentals & Quarterly Results

Bajaj Finance Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results– Bajaj Finserv Limited was established to create funding mechanisms for other businesses within the financial services sector. The company is primly focused on the promotions of finance, insurance, broking, investment and other auxiliary services which are all distributed digitally across its holdings in other companies.Bajaj Finance Share Price Target

Latest Update – For Q1 FY2024, Bajaj Finance Ltd reported a consolidated net profit of Rs. 3,912 crores, an increase from the previous year by 14%, though it is worth noting that this was slightly lower than estimates which placed the figure at Rs. 3,947 crores. Year-on-year net interest income also rose significantly by 25%, hitting Rs. 8,365 billion and pre-provisioning operating profit grew equally by 25%, translating into approximately Rs. 6,947 billion.

Bajaj Finance Overview

Bajaj Finance is predominantly in the banking business. Across retail, SME and commercial customers, BFL has a diversified lending portfolio. Furthermore, it receives public and corporate deposits and extends multiple financial services products to its clients.

Company NameBajaj Finance Ltd
Listed atNSE & BSE
Head Office4th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411 014
Board Of Directors
  • Mr.Sanjiv Bajaj Chairman
  • Mr.Rajiv Bajaj Director
  • Mr.D J Balaji Rao Director
  • Mr.Anami Roy Director
  • Dr.Arindam Bhattacharya Director
  • Dr.Naushad Forbes Director
  • Ms.Radhika Haribhakti Director
  • Mr.Pramit Jhaveri Director
  • Mr.Anup Saha Executive Director
  • Mr.Rakesh Bhatt Executive Director
  • Mr.Rajeev Jain Managing Director
Official Websitebajajfinserv.in

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Bajaj Finance Business Profile

In 1987, Bajaj Finance (BFL) was established as a car financing company and has since become one of India’s leading and most diversified NBFCs. The Company is now in 1,538 physical business points with over 134.7K operating sales portals this quarter of the fiscal year 2024. BFL is the biggest consumer electronics, digital products, and lifestyle products financier in India.

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Mortgages

The segment offers a lot more like Home loans, loans against properties, developer finance and lease rental discounting to mention just a few and in case a customer fails to meet his or her obligations, the company has rights to sell vehicles or other specified assets by auction.

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SME Lending

In excerpts within this segment, the organization provides unsecured working capital loans to SMEs and self-employed professionals; business loans against property; car financing for businesses; medical equipment financing starting from ₹ 3 Lakh to ₹ 6 crore for healthcare practitioners among others.

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Rural Lending

BFL has been operating since 2013 and can now be found in 2,136 centers within 21 countries and UTs. The segment’s assets under management reached 19,430 crore in the past year with a 32% increase in growth rate.

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Commercial Lending

In this segment, you will find loans for auto component manufacturers and light engineering industry, financial institutions, specialty chemicals and pharmaceutical industries as well as other midmarket companies recorded an AUM growth of 39% over FY21 to Rs. 11,498 crore.

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Largest Financier

Bajaj Auto Ltd.’s FY22 purchase of more than 6,37,000 two-wheelers and around 72,000 three-wheelers were financed by the finance company, which accounted for more than 37% of the sales of Bajaj two-wheelers in the domestic market and over 44% of the sales of Bajaj three-wheelers.

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Deposits

The deposits book showed a higher growth than last year at 19% and by 31 March 2022 accounted for 19% of the total borrowing by the company. There was a slight drop in the percentage share of retail deposits in total deposits from 73% the previous fiscal year to 69%.

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NPA

The NBFC industry has minimally nonperforming assets (NPAs) with the lowest being Bajaj Finance while they have reported a Net NPA of 0.68% for fiscal year 2022. 58% is set aside as healthy provisions for the stage – 3 Assets whereas 20% is absorbed in the form of Non repayment on account of COVID-19 in its earlier stages (stage 2).

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Bajaj Finance Fundamentals & Quarterly Results

Market Cap₹ 4,54,439 Cr.
Current Price₹ 7,342
High / Low₹ 8,192 / 6,188
Stock P/E31.4
Book Value₹ 1,239
Dividend Yield0.49 %
ROCE11.9 %
ROE22.0 %
Face Value₹ 2.00
Debt to Equity3.82
Debt Capacity-0.80
Debt Preceding Year₹ 2,16,690 Cr.
Debt₹ 2,93,346 Cr.
Reserves₹ 76,572 Cr.
EPS₹ 233
EPS Last Year₹ 233
Pledged Percentage0.00 %
FCF Prev Ann₹ -42,999 Cr.
EV/EBITDA19.0
Industry PE21.3
PEG Ratio1.07
Piotroski Score4.00
Earnings Yield5.16 %
Sales Growth 5 Years24.4 %

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Bajaj Finance Quarterly Results

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Revenue9,2849,97010,78711,36412,49813,37814,16414,926
Interest2,6452,9723,3513,5924,1034,5374,8685,217
Expenses +3,0263,1293,3083,3823,6943,9294,2294,420
Financing Profit3,6133,8694,1294,3904,7024,9135,0665,289
Financing Margin %39%39%38%39%38%37%36%35%
Other Income +24256459
Depreciation111121119134156159176193
Profit before tax3,5033,7524,0124,2614,5514,7584,8965,105
Tax %26%26%26%26%24%25%26%25%
Net Profit +2,5962,7812,9733,1583,4373,5513,6393,825
EPS in Rs42.8845.9349.1152.1656.7258.6058.8861.79
Gross NPA %1.25%1.17%1.14%0.94%0.87%0.91%0.95%0.85%
Net NPA %0.51%0.44%0.41%0.34%0.31%0.31%0.37%0.37%

CAGR Report

Metric10 Years5 Years3 YearsTTM (Trailing Twelve Months)
Compounded Sales Growth27%24%27%33%
Compounded Profit Growth29%29%48%25%
Stock Price CAGR43%16%6%2%
Return on Equity (ROE)Not provided20%21%22%

Bajaj Finance Shareholding pattern

CategoryMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Promoters +57.94%55.14%55.17%56.20%56.12%55.86%55.91%54.69%
FIIs +19.26%19.46%20.67%21.16%24.06%21.41%19.16%20.55%
DIIs +5.36%8.98%8.50%10.89%9.08%11.22%12.92%14.33%
Government +0.00%0.00%0.00%0.00%0.00%0.00%0.07%0.07%
Public +16.89%15.94%15.47%11.46%10.57%11.15%11.75%10.19%
Others +0.56%0.49%0.19%0.29%0.17%0.36%0.17%0.16%
No. of Shareholders94,6331,31,9591,68,4203,54,9014,64,3947,18,6388,90,7067,99,199

Bajaj Finance Share Price Target 2024-2030 Forecast

Year

Targets

2024

₹8,447

2025

₹9,371

2026

₹10,311

2027

₹11,236

2028

₹12,165

2029

₹13,064

2030

₹14,654

Bajaj Finance Share Price Target 2025

Month

Targets

January

₹8,412

February

₹8,465

March

₹8,493

April

₹8,480

May

₹8,622

June

₹8,768

July

₹8,958

August

₹9,099

September

₹9,245

October

₹9,231

November

₹9,291

December

₹9,371

Bajaj Finance Share Price Target 2026

Month

Targets

January

₹9,340

February

₹9,403

March

₹9,426

April

₹9,421

May

₹9,547

June

₹9,699

July

₹9,884

August

₹10,045

September

₹10,170

October

₹10,165

November

₹10,229

December

₹10,311

Bajaj Finance Share Price Target 2027

Month

Targets

January

₹10,268

February

₹10,341

March

₹10,352

April

₹10,346

May

₹10,496

June

₹10,624

July

₹10,811

August

₹10,978

September

₹11,111

October

₹11,098

November

₹11,163

December

₹11,236

Bajaj Finance Share Price Target 2028

Month

Targets

January

₹11,211

February

₹11,267

March

₹11,287

April

₹11,278

May

₹11,428

June

₹11,563

July

₹11,756

August

₹11,915

September

₹12,037

October

₹12,034

November

₹12,097

December

₹12,165

Bajaj Finance Share Price Target 2029

Month

Targets

January

₹12,231

February

₹12,167

March

₹12,287

April

₹12,278

May

₹12,428

June

₹12,563

July

₹12,756

August

₹12,715

September

₹12,737

October

₹12,834

November

₹12,997

December

₹13,064

Bajaj Finance Share Price Target 2030

Month

Targets

January

₹13,111

February

₹13,167

March

₹13,237

April

₹13,278

May

₹13,428

June

₹13,563

July

₹13,756

August

₹13,915

September

₹14,037

October

₹14,134

November

₹14,297

December

₹14,654

Official Website –bajajfinserv.in

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