Bajaj Housing Finance Ltd. (IN:BAJAJHFL)
:BAJAJHFL
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Bajaj Housing Finance Ltd.
(BAJAJHFL)
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Rating:62Neutral
Price Target:
₹95.00
▼(-12.92% Downside)
Action:ReiteratedDate:04/29/26
The score is led by solid profitability and multi-year revenue growth, but is held back by historically weak/volatile cash flows (despite a 2026 improvement) and a leveraged lender balance sheet. Technically, momentum is improving but still mixed versus longer-term averages, and valuation (P/E ~23.8) is not clearly cheap without a dividend yield to offset.
Positive Factors
Sustained revenue scaling & healthy margins
Multi-year revenue expansion with consistently healthy net margins (~19–24%) and rising 2026 net income indicate a scalable lending franchise and durable core profitability, implying the business model generates recurring earnings as loan book and fee income grow over the medium term.
Negative Factors
Elevated leverage profile
Material leverage (debt-to-equity historically 4–6x) is intrinsic to the mortgage model but increases sensitivity to rising funding costs and credit stress; high structural leverage can amplify earnings but raises refinancing and liquidity risk across credit cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue scaling & healthy margins
Multi-year revenue expansion with consistently healthy net margins (~19–24%) and rising 2026 net income indicate a scalable lending franchise and durable core profitability, implying the business model generates recurring earnings as loan book and fee income grow over the medium term.
Read all positive factors
Bajaj Housing Finance Ltd. (BAJAJHFL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹733.41B
Dividend YieldN/A
Average Volume (3M)2.26M
Price to Earnings (P/E)23.8
Beta (1Y)1.28
Revenue Growth16.72%
EPS Growth14.60%
CountryIN
Employees2,372
SectorFinancial
Sector Strength70
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)0.80
Shares Outstanding8,332,335,000
10 Day Avg. Volume748,942
30 Day Avg. Volume2,256,665
Financial Highlights & Ratios
PEG Ratio1.59
Price to Book (P/B)2.71
Price to Sales (P/S)5.47
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹100.00Price Target Upside-8.34% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)3.62
Revenue Forecast (FY)₹52.11B
Bajaj Housing Finance Ltd. Business Overview & Revenue Model
Company Description
Bajaj Housing Finance Limited provides housing finance services in India. It offers finance to individuals, as well as corporate entities for the purchase and renovation of homes or commercial spaces. The company also provides loans against proper...
How the Company Makes Money
BAJAJHFL primarily makes money through net interest income (NII): it raises funds (e.g., via borrowings and other funding lines) and lends them out as housing/real-estate loans, earning interest from customers while paying interest on its own fund...
Bajaj Housing Finance Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
64
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.05B | 111.50B | 91.79B | 73.29B | 54.81B | 36.88B |
| Gross Profit | 33.25B | 42.83B | 27.67B | 22.11B | 18.69B | 12.16B |
| EBITDA | 32.01B | 33.67B | 28.15B | 22.04B | 17.36B | 9.88B |
| Net Income | 23.61B | 25.60B | 21.63B | 17.31B | 12.58B | 7.10B |
Balance Sheet | ||||||
| Total Assets | 1.16T | 1.27T | 1.03T | 818.27B | 646.54B | 485.27B |
| Cash, Cash Equivalents and Short-Term Investments | 1.40B | 1.66B | 617.80M | 15.64B | 21.69B | 17.22B |
| Total Debt | 940.13B | 1.04T | 820.34B | 691.29B | 537.45B | 414.92B |
| Total Liabilities | 947.96B | 1.05T | 828.62B | 695.94B | 541.51B | 417.86B |
| Stockholders Equity | 211.80B | 225.23B | 199.47B | 122.33B | 105.03B | 67.41B |
Cash Flow | ||||||
| Free Cash Flow | -118.71B | 42.95B | -171.16B | -154.71B | -143.66B | -125.10B |
| Operating Cash Flow | -118.58B | 43.26B | -170.75B | -154.28B | -143.32B | -124.81B |
| Investing Cash Flow | 1.73B | -254.19B | -7.98B | 2.73B | -6.11B | 21.97B |
| Financing Cash Flow | 117.60B | 211.97B | 178.70B | 151.25B | 146.30B | 102.28B |
Bajaj Housing Finance Ltd. Technical Analysis
Positive
109.10
Price Trends
85.23
Positive
90.65
Positive
102.22
Negative
Market Momentum
1.22
Negative
68.58
Neutral
95.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BAJAJHFL, the sentiment is Positive. The current price of 109.1 is above the 20-day moving average (MA) of 81.87, above the 50-day MA of 85.23, and above the 200-day MA of 102.22, indicating a neutral trend. The MACD of 1.22 indicates Negative momentum. The RSI at 68.58 is Neutral, neither overbought nor oversold. The STOCH value of 95.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BAJAJHFL.
Bajaj Housing Finance Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹274.09B | 8.58 | ― | 0.53% | 11.92% | 18.09% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹120.58B | 20.38 | ― | 0.33% | 27.31% | 22.25% | |
62 Neutral | ₹733.41B | 23.81 | ― | ― | 16.72% | 14.60% | |
58 Neutral | ₹133.00B | 14.79 | ― | 1.60% | 26.86% | 25.30% | |
55 Neutral | ₹309.14B | 5.31 | ― | 1.87% | 4.31% | 6.48% | |
53 Neutral | ₹109.56B | 17.04 | ― | ― | ― | ― |
* Financial Sector Average
IN:BAJAJHFL
Bajaj Housing Finance Ltd.
88.02
-34.03
-27.88%
IN:AAVAS
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1,381.85
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IN:APTUS
Aptus Value Housing Finance India Limited
265.60
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IN:HOMEFIRST
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1,155.80
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-5.76%
IN:LICHSGFIN
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562.00
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-4.80%
IN:PNBHOUSING
PNB Housing Finance Limited
1,051.95
46.87
4.66%
Bajaj Housing Finance Ltd. Corporate Events
Bajaj Housing Finance Posts Earnings Call Recording for Q4 FY26
Apr 27, 2026
Bajaj Housing Finance Limited announced that it conducted its scheduled conference call on 27 April 2026 to discuss the financial results for the quarter ended 31 March 2026 with analysts and investors. The company has uploaded the audio recording...
Bajaj Housing Finance publishes Q4 FY26 investor presentation and earnings call details
Apr 27, 2026
Bajaj Housing Finance Limited has released its investor presentation for the quarter ended 31 March 2026, providing analysts and shareholders with an update on its Q4 FY26 performance and key business metrics. The company is also hosting a live ea...
Bajaj Housing Finance shareholders approve appointment of independent director via postal ballot
Apr 13, 2026
Bajaj Housing Finance Limited has reported that its shareholders have approved, via a postal ballot and remote e-voting process, the appointment of Ajay Kumar Choudhary as an independent director for a five-year term starting 1 March 2026. The res...
Bajaj Housing Finance Raises Rs 503 Crore via Secured NCD Issue
Mar 2, 2026
Bajaj Housing Finance Limited has raised Rs. 503.42 crore through a private placement of 50,000 secured, redeemable non-convertible debentures with a face value of Rs. 1,00,000 each. The instruments, carrying a coupon of 7.25% per annum and a resi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.