Bajaj Finserv Limited was incorporated in the year 2007 as a result of the demerger from Bajaj Auto Limited. Due to the demerger process, Bajaj Finserv independently runs the core business of protection, saving and lending. The company has been recognized as a non-banking financial company. From this article, you will get financial and general background along with Bajaj Finserv Share Price Graph and Bajaj Finserv Share Price News. In NSE, the company’s share is named BAJAJFINSV. Here is the Bajaj Finserv Share Price.
Bajaj Finserv Share Price Graph
About the Company
The company is a holding company for business, and deals in the financial service of the Bajaj Group. As per RBI regulation the company is classified as a Systemically Important Non–deposit taking NBFC. Its focus areas are as follows:
- Asset Management
- Wealth Management
Bajaj provides solutions for asset acquisition through financial management, income and family protection by life and health insurance, retirement and savings solutions, and asset protection management through insurance. It has millions of customers out there. Bajaj employs over 20,000 employees at 1400 locations and has built up a brand image.
Apart from financial services, it also focuses on wind–energy generation, the wind-farm assets in Maharashtra with an installed capacity of 65.2 MW.
In the year 2014, Bajaj Finserv came under the ranking of 119 in the Economic Times. Moreover, according to the Aon Hewitt Best Employers Study, 2015, the company got the award of one of the Best Employers in India.
In India, there are very few well-known NBFCs, Bajaj has been awarded the highest credit rating of FAAA/ Stable for the Fixed Deposit Programme.
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli Financial District,
Nanakramguda, Hyderabad – 500 032
Contact persons: Mr M S Madhusudhan
Tel No. (040) 6716 1500 Extn: 1562
Direct: (040) 6716 1562
- Ranjit Gupta (President)
- S Sreenivasan (Chief Financial Officer)
- Sanjiv Bajaj (CEO)
- Sanjiv Ajaj (Managing Director)
Company Financials for Analyzing Bajaj Finserv Share Price
A company’s financial statement is important for analyzing the company properly. It belongs to large-cap companies with a market cap (Cr.) of 97,167.89. The other fundamental details include its P/E ratio, price/book value, div yield, etc. The P/E ratio stands at 687.61 (standalone-based). Let’s look at the price/ book value which is 33.42 and div yield. (%) 0.03%. These are the updated fundamental information.
As per the audited data for the previous fiscal i.e. 2017 – 2018, the net cash flow from operating activities stands at Rs 141.92 crores. Net cash used in investing activities is – Rs 103.52 crores. And the net cash used in financing activities is – Rs 27.59 crores. Therefore the net increase in cash and cash equivalent is Rs 10.81 crores. Cash and cash equivalent at the beginning of the year was Rs 1.30 crores and cash and cash equivalent at the end of the year was Rs 12.11 crores.
Bajaj Finserve earns its revenue primarily from financing and related activities. It is also engaged in power generation activities. The power generation business contributed Rs 57.16 crores amounting to 37.14% of total sales for the year ended 31st March 2018. Earnings from interest also contributed Rs 45.91 crores which is equivalent to 29.83% of total sales. Income from dividends contributed Rs 21.60 crores which is 14.03% of total sales, earnings from the sale of shares and securities contributed Rs 16.07 crores which is also equivalent to 10.44% of the total sales and earnings from renewable energy certificates stand at Rs 13.16 crore which is equivalent to 8.55% of total sales value.
According to the interim financial report for the quarter ending on 30-06-2018, Bajaj Finserv has achieved sales of Rs 3943.55 crores (consolidated). The sales figure is up by 7.12% from the previous quarter’s sales amounting to Rs 3681.37 crores. These quarter sales have also increased by 23.87% from the sales figure for the same quarter of the previous year which was Rs 3183.54 crores. The company has also reported a net profit of Rs 1328.37 crores (after-tax) in the current quarter.
The present top management of the company includes names like Dr Gita Piramal, Mr Madhur Bajaj, Mr D Balaji Rao, Mr Nanoo Pamnani, Mr Rajiv Bajaj, Mr Rahul Bajaj, Mr Sanjiv Bajaj.
Moreover, the company has appointed SRBC & CO LLP as the auditor.
Bajaj Finserv has a total no of 159,135,097 shares outstanding as of 30-06-2018.
The promoter and promoter group of Bajaj Finserv hold 92,855208 which is equivalent to 58.35% of total shares. The general public holds 17.31% of shares or 27,548,284 nos of shares. Others hold 9.58% of shares or 15,247,804 nos of shares. Foreign institutions or FIIs hold 7.47% of shares or 11,886,654 nos of shares. The NBFC and Mutual Funds together hold 4.08% of shares which is equivalent to 6,498,117 nos of shares. In addition, other financial institutions hold 3.20% of total shares or 5,099,028 nos of shares.
Shares Held by the Mutual Funds
- ICICI Prudential Bluechip Fund Direct-Growth holds 711591 nos of shares. The current investment value is Rs 480.17 crores. This is a large-cap equity growth fund. The data is updated as of 31-08-2018.
- SBI ETF Nifty 50-D holds another 541559 nos of shares. The present investment value, as of 31-08-2018 is Rs 365.43 crores. This is a large-cap equity fund.
- ICICI Prudential Balanced Advantage Direct-Growth Fund also holds 458292 nos of shares. The current investment value is Rs 309.25 crores. This is a Hybrid Dynamic Asset Allocation fund. The valuation is calculated as per data available on 31-08-18.
- Axis Focused 25 Direct-G Fund holds another 407000 nos of shares. The current investment value is Rs 274.64 crores. This is a multi-cap equity fund. The data was updated as per data available on 31-08-18.
- DSP Equity & Bond Direct-Growth Fund also holds 257252 nos of shares. The current investment value as of 31-08-2018 is Rs 173.59 crores. This is an Aggressive Hybrid fund.
Final Thoughts about Bajaj Finserv Share Price
In conclusion, Bajaj Finserv is a company that offers a range of services, to its customers. In addition to consumer loans, they also provide health insurance, business loans and mutual funds. The current market value of their shares makes it an appealing choice for investors in the financial sector. What makes Bajaj Finserv more enticing is its focus on term financial growth. Overall, investors should stay vigilant for any fluctuations, in the share price as the company expands its product offerings and strives for increased profitability.