By Helgi Library - November 6, 2019
Bajaj Finance made a net profit of INR 39,950 mil under revenues of INR 118,615 mil in 2018, up 60.0% and 45.9% respectively compared...
By Helgi Library - November 6, 2019
Bajaj Finance generated total banking revenues of INR 118,615 mil in 2018, up 45.9% compared to the previous year. Histor...
By Helgi Library - November 6, 2019
Bajaj Finance's non-performing loans reached 1.57% of total loans at the end of 2018, up from 1.44% compared to the previous year...
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By Helgi Library - November 6, 2019
Bajaj Finance's net interest margin amounted to 9.31% in 2018, down from 9.50% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 18.6% in 2009 and an all time low of 9.31% in 2018. The average margin...
By Helgi Library - November 6, 2019
Bajaj Finance stock traded at INR 3,003 per share at the end 2018 implying a market capitalization of USD 25,003 mil. Since the end of 2013, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the company rose...
By Helgi Library - November 6, 2019
Bajaj Finance's capital adequacy ratio reached 20.7% at the end of 2018, down from 24.0% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 24.0% in 2017 and an all time low of 18.0% in 2014. The Tier 1 ratio amounte...
By Helgi Library - November 6, 2019
Bajaj Finance stock traded at INR 3,003 per share at the end of 2018 implying a market capitalization of USD 25,003 mil. Since the end of 2013, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the value of the company r...
By Helgi Library - November 6, 2019
Bajaj Finance's customer loan growth reached 42.2% in 2018, down from 42.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 42.7% in 2017 and an all time low of 26.5% in 2016. In the last decade, the averag...
By Helgi Library - November 6, 2019
Bajaj Finance's customer deposits reached INR 77,929 mil in 2017, up 82.4% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. Bajaj Finance accounted for 0.0...
By Helgi Library - November 6, 2019
Bajaj Finance's customer loans reached INR 791,025 mil in 2017, up 42.7% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. Bajaj Finance accounted for 0.895% of...
By Helgi Library - November 6, 2019
Bajaj Finance generated total banking revenues of INR 81,305 mil in 2017, up 31.7% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last year. ...
Bajaj Finance is a diversified non-banking finance company (NBFC) with financing and fee income products across consumer, SME, commercial and rural segments. It started its operations as an auto finance company providing loans for two-wheelers and three wheelers and over the years has diversified into multi product financial businesses including accepting retail and wholesale deposits, or distribution of life insurance, general insurance and mutual funds. Headquartered in Pune the company's product offering includes lending to retail, SME as well as commercial customers financing consumer goods, home loans as well as of two-wheeler and three-wheeler loans, or gold loans. It has a diversified funding mix benefiting from AAA credit rating and rising share of retail deposits. As 70% of business is done with existing clients and the Company is increasingly using analytics when cross-selling new products, asset quality remains under good control and cost efficiency has been improving. At the end of September 2019, the Company was present in 956 locations with 83,200 points of sales. It had total of 38.7 mil clients at the end of September with 1.92 mil new clients gained last quarter. Bajaj Finance Ltd is a subsidiary of Bajaj Finserv, which holds 54.99% in the firm. Finserv also holds 74% each in two other subsidiaries, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, which together constitute the financial assets of the group. Though accounting norms allow Finserv to add BFL’s sales to its consolidated revenue, the two companies are separate listed entities: Bajaj Finance has two 100% subsidiaries, Bajaj Housing Finance (registered with the National Housing Bank as a Housing Finance Company and Bajaj Financial Services.
Bajaj Finance has been growing its revenues and asset by 39.5% and 38.3% a year on average in the last 3 years. Its loans and deposits have grown by 36.9% and 77.2% a year during that time and loans to deposits ratio reached 853% at the end of 2018. The company achieved an average return on equity of 21.6% in the last three years with net profit growing 46.2% a year on average. In terms of operating efficiency, its cost to income ratio reached 42.0% in 2018, compared to 41.6% average in the last three years.
Equity represented 15.9% of total assets or 17.5% of loans at the end of 2018. Bajaj Finance's non-performing loans were 1.57% of total loans while provisions covered some 115% of NPLs at the end of 2018.
Bajaj Finance stock traded at INR 3,003 per share at the end of 2018 resulting in a market capitalization of USD 25,003 mil. Over the previous five years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 21.2% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 43.7x and price to book value (PBV) of 8.86x in 2018.
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