Bajaj Finserv Ltd
Bajaj Finserv Ltd (BAJAJFINSV)

Bajaj Finserv Ltd (BAJAJFINSV)

₹15530.652.94%

Key Stats

₹15040.75
Day's Price Range
₹15589
₹10727.2
52-Week Price Range
₹19325
1 Month Return25.68 %
3 Month Return10.68 %
1 Year Return7.71 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 11
52.69
EPS
Rank 2
₹286.3
BVPS
Rank 2
₹2251.48
Dividend Yield
Rank 13
0.03%
ROE
Rank 17
4.87%
Price To Book Ratio
Rank 11
6.7
Debt To Asset
Rank 3
0.87

Company Information

Bajaj Finserv Limited BFS is the holding company for the various financial services businesses under the Bajaj Group. It serves millions of customers in the financial services space by providing solutions for asset acquisition through financing asset protection through general insurance family protection and income protection in the form of life and health insurance and retirement and savings solutions. BFS holds 55.13 stake in Bajaj Finance Limited BFL and 74 stake each in Bajaj Allianz General Insurance Company Limited BAGIC and Bajaj Allianz Life Insurance Company Limited BALIC. Apart from financial services BFS is also active in wind energy generation and has investments in renewable energy in the form of 138 windmills situated in Maharashtra with an aggregate installed capacity of 65.2 MW. Bajaj Finance Ltd formerly known as Bajaj Auto Finance Ltd is a NonBanking Finance Company engaged in consumer finance SME finance commercial lending and wealth management. BAGIC is a general insurance joint venture between BFS and Allianz SE Germany. The Allianz Group is one of the worlds leading insurers and asset managers with more than 88 million retail and corporate customers. BFS holds 74 stake and Allianz SE holds 26 stake in BAGIC. BALIC is life insurance joint venture between BFS and Allianz SE. BFS holds 74 stake and Allianz SE holds 26 stake in BALIC. Bajaj Finserv was formed in April 30 2007 as a result of its demerger from Bajaj Auto Limited as a separate entity to focus purely on the financial services business of the group. The process of demerger was completed in February 2008. The wind power project the stakes in the life and general insurance companies and consumer finance along with their respective assets and liabilities got vested in Bajaj Finserv Limited. In addition to that cash and cash equivalent of Rs 800 crore then market value was also transferred to the company. The demerger has enabled investors to hold separate focused stocks and also facilitated transparent benchmarking of the companies to their peers in their respective industries.On 20 April 2009 Bajaj Finserv and Allianz Global Investors AG AllianzGI the asset management subsidiary of Allianz SE signed an agreement to set up as asset management Joint Venture Company in India. AllianzGI and Bajaj Finserv will hold a 51 and 49 state respectively in the equally managed proposed venture. On 10 November 2009 Bajaj Finserv announced that the Reserve Bank of India has issued to the company a Certificate of Registration dated 30 October 2009 under section 45IA of the RBI Act 1934 to carry on the business of a NonBanking Financial Institution NBFC nondeposit taking.On 5 May 2010 Bajaj Finserv announced that Bajaj Auto Finance BAFL has launched its Construction Equipment CE financing and Retail Loan against Securities LAS business in the month of April 2010. 04 March 2011 Bajaj Finserv said in a clarification to the stock exchanges that the company does not have any plan at present or in the foreseeable future to sell its equity to Berkshire Hathaway group of companies. Berkshire Hathaway will enter Indian insurance business as a corporate agent for Bajaj Allianz General Insurance Company Ltd BAGIC a 74 subsidiary of Bajaj Finserv Ltd. The tie up will help BAGIC expand its customer base. BAGIC has about 40 corporate agents. On 17 October 2012 Bajaj Finserv successfully allotted 1.44 crore equity shares to existing eligible shareholders on a rights basis in the ratio of 1 equity share for every 10 equity shares held on the record date. The rights issue was priced at Rs 650 per share. The company raised Rs 939 crore from the issue. The rights shares were listed on BSE and NSE on 22 October 2012. On 27 June 2013 Bajaj Finserv announced that it has submitted its application to Reserve Bank of India on 26 June 2013 for a licence to commence banking business in terms of section 22 of the Banking Companies Act 1949. It is proposed to do this by converting its subsidiary Bajaj Finance Ltd into a bank in terms of RBI Guidelines for Licensing of New Banks in the Private Sector dated 22 February 2013.On 1 November 2014 Bajaj Finserv transferred by way of sale of 100 shares of Bajaj Financial Solutions Ltd. together with its whollyowned subsidiary Bajaj Financial Securities Ltd. for a consideration of Rs 17 crore on an arms length basis to its subsidiary company Bajaj Finance Ltd to facilitate Bajaj Finance Ltd promote the business of housing finance. The transaction was approved by the Companys Board of Directors at its meeting held on 14 October 2014. On 3 November 2015 Bajaj Finserv announced that the Reserve Bank of India has accorded its approval for conversion of the company into a Core Investment Company not requiring registration with RBI and has accordingly cancelled the Certificate of Registration as NBFC earlier issued to the company.On 23 November 2016 Bajaj Finserv exercised its right to convert 92.5 lakh warrants of Bajaj Finance Limited into equity shares upon payment of balance 75 amount aggregating to Rs 306.08 crore. Consequently the companys shareholding in Bajaj Finance increased from 57.28 to 58. The paidup equity share capital as on 31 March 2017 was Rs 79.57 crore. During the Rights Issue of equity shares made by the Company in 2012 certain shares had been kept in abeyance as required by law. With resolution of a few cases during the year 2017 the Company has allotted 327 equity shares of the face value of Rs 5 each at the original Rights Issue price of Rs 650 per share to the eligible shareholders. During the year BFL divided its equity shares of face value of Rs 10 each to Rs 2 each and also issued one fully paid bonus equity share of the face value of Rs 2 against one equity share of the face value of Rs 2. As on 31 March 2017 Bajaj Finserv held 74 of the equity capital in its joint ventures BAGIC and BALIC the balance being held by Allianz.The paidup equity share capital as on 31 March 2018 was Rs.79.57 crore consisting of 159135097 fully paidup equity shares of face value of Rs.5 each. During the Rights Issue of equity shares made by the Company in 2012 certain shares had been kept in abeyance as required by law. With resolution of a few cases during the year under review the Company has allotted 3317 equity shares of the face value of Rs.5 each at the original Rights Issue price of Rs.650 per share to the eligible shareholders.During the year under review Bajaj Financial Holdings Ltd. a whollyowned subsidiary has firmed up new business plans for undertaking activities on digital and online platform to augment the business of the Companys subsidiaries and has changed its name to Bajaj Finserv Direct Ltd. with effect from 27 February 2018.During FY 201718 BFL raised approximately Rs.4500 crore through Qualified Institutional Placement QIP route by issuing 26627218 equity shares of face value of Rs.2 each and a premium of Rs.1688 per share. This was the largest QIP of equity shares by an NBFC in India. After this the shareholding of Bajaj Finserv in BFL stood at 54.99 as at the end of the reporting year.From 2 April 2018 Bajaj Finserv along with BFL was included in the benchmark Nifty Fifty index. The company has adopted Indian Accounting StandardsInd AS w.e.f. 01.04.2018.With effect from 24 December 2018 the company has been included in the BSE Sensex 50 of BSE Ltd. BFS remained a debtfree company and its surplus funds stood at Rs 8.3 billion and Rs 7.6 billion respectively for the quarter ended on 31 December 2018 31 March 2019. The consolidated net worth stood at Rs 228 billion and 238 billion respectively for the quarter ended on 31 December 2018 31 March 2019.During the FY2020 Bajaj Finserve Direct LtdBFSDsubsidiary which was incorporated in FY2019launched its digital platform FINSERVE MARKETS. During the fiscal 2020 BFS has incorporated a wholly owned subsidiary in the name of Bajaj Finserv Health Ltd. Over the time this entity is expected to created a digital ecosystem in the healthcare segment connecting customers with service providers in the healthcare space such as doctors hospitals nursing homes pharmacies diagnostic centres and likely to provide a complete range products including financial solutions.
OrganisationBajaj Finserv Ltd
HeadquartersPune
IndustryFinance