Financials Bajaj Holdings & Investment Limited NSE India S.E.

Equities

BAJAJHLDNG

INE118A01012

Investment Holding Companies

Delayed NSE India S.E. 01:13:54 02/07/2024 pm IST 5-day change 1st Jan Change
8,824 INR +0.77% Intraday chart for Bajaj Holdings & Investment Limited +2.44% +14.94%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Capitalization 1 3,80,407 2,00,278 3,66,417 5,58,938 6,58,796 9,22,607
Enterprise Value (EV) 1 3,80,109 1,96,394 3,63,191 5,56,459 6,56,527 9,20,262
P/E ratio 12.5 x 6.69 x 10 x 13.8 x 13.6 x 12.7 x
Yield 0.95% 2.22% 1.21% 2.29% 2.08% 1.58%
Capitalization / Revenue 88.2 x 46 x 80 x 115 x 125 x 53.8 x
EV / Revenue 88.1 x 45.1 x 79.3 x 114 x 125 x 53.7 x
EV / EBITDA 106 x 70 x 112 x 161 x 182 x 59.5 x
EV / FCF 151 x 89.3 x 149 x 488 x 305 x 79.2 x
FCF Yield 0.66% 1.12% 0.67% 0.2% 0.33% 1.26%
Price to Book 1.41 x 0.72 x 0.99 x 1.3 x 1.49 x 1.7 x
Nbr of stocks (in thousands) 1,11,294 1,11,294 1,11,294 1,11,294 1,11,294 1,11,294
Reference price 2 3,418 1,800 3,292 5,022 5,919 8,290
Announcement Date 28/06/19 27/06/20 30/06/21 05/07/22 03/07/23 21/06/24
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net sales 1 4,313 4,354 4,579 4,864 5,267 17,134
EBITDA 1 3,579 2,806 3,246 3,454 3,615 15,464
EBIT 1 3,539 2,753 3,190 3,397 3,557 15,406
Operating Margin 82.04% 63.22% 69.67% 69.84% 67.52% 89.91%
Earnings before Tax (EBT) 1 31,700 33,137 37,657 42,259 50,115 74,925
Net income 1 30,484 29,920 36,498 40,557 48,505 72,672
Net margin 706.74% 687.14% 797.08% 833.76% 920.87% 424.14%
EPS 2 273.9 268.8 327.9 364.4 435.8 653.0
Free Cash Flow 1 2,513 2,199 2,439 1,140 2,156 11,622
FCF margin 58.26% 50.51% 53.28% 23.44% 40.93% 67.83%
FCF Conversion (EBITDA) 70.2% 78.38% 75.15% 33% 59.63% 75.16%
FCF Conversion (Net income) 8.24% 7.35% 6.68% 2.81% 4.44% 15.99%
Dividend per Share 2 32.50 40.00 40.00 115.0 123.0 131.0
Announcement Date 28/06/19 27/06/20 30/06/21 05/07/22 03/07/23 21/06/24
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024
Net Debt 1 - - - - - -
Net Cash position 1 297 3,884 3,226 2,480 2,269 2,345
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 2,513 2,199 2,439 1,140 2,156 11,622
ROE (net income / shareholders' equity) 11.7% 10.4% 9.56% 8.62% 9.59% 12.9%
ROA (Net income/ Total Assets) 0.85% 0.58% 0.51% 0.43% 0.42% 1.63%
Assets 1 36,03,286 51,98,957 71,63,553 94,62,622 1,16,51,501 44,66,357
Book Value Per Share 2 2,422 2,495 3,340 3,849 3,970 4,874
Cash Flow per Share 2 0.3100 8.570 2.020 1.970 2.320 3.570
Capex 1 0.4 37.1 11.3 13.3 20 3.1
Capex / Sales 0.01% 0.85% 0.25% 0.27% 0.38% 0.02%
Announcement Date 28/06/19 27/06/20 30/06/21 05/07/22 03/07/23 21/06/24
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
8,762 INR
Average target price
10,181 INR
Spread / Average Target
+16.19%
Consensus
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