BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+2.91%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 9.5%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 11.9%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹10,865.90

200-Day DMA ● Overlay

₹10,077.70

14-Day RSI ● Overlay

62.2 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹1.19 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

13.4x

Price / EPS

Book Value (₹) Assets

₹6,573.0

P/B: 1.6x

ROE (%) Quality

11.9%

Net Profit / Equity

ROCE (%) Efficiency

11.0%

EBIT / Capital

Dividend Yield Yield

1.36%

Face Value: ₹10

Debt / Equity Solvency

0.00x

Low Debt

EPS (TTM) Per Share

₹795.97

Trailing 12M

OPM (%) Spread

85.0%

EBITDA Margin

Free Cash Flow Cash

₹4,781 Cr

CFO - Capex

About BAJAJ HOLDINGS & INVS Ltd

BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 61.2% × Turnover: 0.85x × Leverage: 1x = ROE: 11.9%

✓ Company Strengths (Pros)

• Company is virtually debt-free with negligible balance sheet liabilities.
• Stock is trading at an attractive price-to-book multiple of 1.6x.

⚠ Key Considerations & Risks (Cons)

• Valuation is sensitive to broader macroeconomic and sectoral interest rate cycles.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹1,139 Cr

Latest PAT

₹8,993 Cr

EPS (TTM)

₹795.97

OPM %

85.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹104.00 Cr	₹225.00 Cr	₹108.00 Cr	₹1,212 Cr	₹134.00 Cr	₹279.00 Cr	₹126.00 Cr	₹145.00 Cr	₹325.00 Cr	₹397.00 Cr	₹288.00 Cr	₹61.00 Cr	₹394.00 Cr
Operating Profit (EBITDA)	₹68.00 Cr	₹192.00 Cr	₹72.00 Cr	₹1,177 Cr	₹73.00 Cr	₹233.00 Cr	₹96.00 Cr	₹103.00 Cr	₹284.00 Cr	₹353.00 Cr	₹247.00 Cr	₹24.00 Cr	₹341.00 Cr
OPM %	66.0%	85.0%	67.0%	97.0%	54.0%	83.0%	76.0%	71.0%	87.0%	89.0%	86.0%	39.0%	87.0%
Interest Expense	₹1.00 Cr	₹1.00 Cr	₹1.00 Cr	₹1.00 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Depreciation	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹8.00 Cr	₹11.00 Cr
Profit before Tax (PBT)	₹1,434 Cr	₹1,662 Cr	₹1,665 Cr	₹2,731 Cr	₹1,618 Cr	₹1,559 Cr	₹1,781 Cr	₹1,789 Cr	₹3,704 Cr	₹1,976 Cr	₹2,084 Cr	₹2,293 Cr	₹2,714 Cr
Net Profit (PAT)	₹1,416 Cr	₹1,588 Cr	₹1,645 Cr	₹2,716 Cr	₹1,615 Cr	₹1,510 Cr	₹1,750 Cr	₹1,751 Cr	₹3,504 Cr	₹1,690 Cr	₹2,018 Cr	₹2,577 Cr	₹2,708 Cr
EPS in ₹	₹127.19	₹133.98	₹147.76	₹244.05	₹144.70	₹129.06	₹157.09	₹155.04	₹313.27	₹140.08	₹181.16	₹231.37	₹243.18

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹524.00 Cr	₹470.00 Cr	₹842.00 Cr	₹420.00 Cr	₹431.00 Cr	₹435.00 Cr	₹457.00 Cr	₹484.00 Cr	₹522.00 Cr	₹1,702 Cr	₹739.00 Cr	₹1,121 Cr	₹1,139 Cr
Expenses	₹40.00 Cr	₹42.00 Cr	₹215.00 Cr	₹65.00 Cr	₹85.00 Cr	₹134.00 Cr	₹106.00 Cr	₹117.00 Cr	₹142.00 Cr	₹140.00 Cr	₹180.00 Cr	₹162.00 Cr	₹174.00 Cr
Operating Profit	₹484.00 Cr	₹429.00 Cr	₹628.00 Cr	₹355.00 Cr	₹347.00 Cr	₹301.00 Cr	₹352.00 Cr	₹367.00 Cr	₹380.00 Cr	₹1,562 Cr	₹559.00 Cr	₹959.00 Cr	₹965.00 Cr
OPM %	92%	91%	75%	85%	80%	69%	77%	76%	73%	92%	76%	86%	85%
Interest	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹13.00 Cr	₹4.00 Cr	₹3.00 Cr	₹7.00 Cr	₹2.00 Cr	₹1.00 Cr	₹1.00 Cr	₹1.00 Cr
Depreciation	₹6.00 Cr	₹5.00 Cr	₹5.00 Cr	₹5.00 Cr	₹4.00 Cr	₹33.00 Cr	₹34.00 Cr	₹34.00 Cr	₹34.00 Cr	₹34.00 Cr	₹34.00 Cr	₹32.00 Cr	₹35.00 Cr
Profit before Tax	₹513.00 Cr	₹430.00 Cr	₹630.00 Cr	₹2,739 Cr	₹3,170 Cr	₹3,314 Cr	₹3,766 Cr	₹4,226 Cr	₹5,012 Cr	₹7,493 Cr	₹6,748 Cr	₹10,057 Cr	₹9,067 Cr
Net Profit	₹2,029 Cr	₹2,265 Cr	₹2,473 Cr	₹2,655 Cr	₹3,048 Cr	₹3,080 Cr	₹3,654 Cr	₹4,126 Cr	₹4,946 Cr	₹7,365 Cr	₹6,626 Cr	₹9,789 Cr	₹8,993 Cr
EPS in Rs	182.33	203.54	222.22	238.54	273.90	268.84	327.95	364.41	435.83	652.98	585.90	865.89	795.79

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹111.00 Cr	₹111.00 Cr	₹111.00 Cr	₹111.00 Cr	₹111.00 Cr	₹111.00 Cr	₹111.00 Cr	₹111.00 Cr	₹111.00 Cr	₹111.00 Cr	₹111.00 Cr	₹111.00 Cr
Reserves & Surplus	₹13,282 Cr	₹15,182 Cr	₹17,707 Cr	₹25,090 Cr	₹26,841 Cr	₹27,652 Cr	₹37,056 Cr	₹42,731 Cr	₹44,071 Cr	₹54,136 Cr	₹62,576 Cr	₹73,039 Cr
Borrowings (Debt)	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹168.00 Cr	₹136.00 Cr	₹114.00 Cr	₹93.00 Cr	₹63.00 Cr	₹31.00 Cr	₹10.00 Cr
Total Liabilities	₹13,893 Cr	₹15,472 Cr	₹17,889 Cr	₹25,269 Cr	₹27,008 Cr	₹32,729 Cr	₹45,490 Cr	₹53,588 Cr	₹53,188 Cr	₹65,161 Cr	₹75,266 Cr	₹85,187 Cr
Fixed Assets	₹544.00 Cr	₹544.00 Cr	₹222.00 Cr	₹215.00 Cr	₹193.00 Cr	₹374.00 Cr	₹342.00 Cr	₹310.00 Cr	₹278.00 Cr	₹244.00 Cr	₹203.00 Cr	₹181.00 Cr
Total Assets	₹13,893 Cr	₹15,472 Cr	₹17,889 Cr	₹25,269 Cr	₹27,008 Cr	₹32,729 Cr	₹45,490 Cr	₹53,588 Cr	₹53,188 Cr	₹65,161 Cr	₹75,266 Cr	₹85,187 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹796.00 Cr	₹1,147 Cr	-₹923.00 Cr	₹1,631 Cr	₹628.00 Cr	₹1,920 Cr	₹272.00 Cr	₹1,610 Cr	₹1,728 Cr	₹1,941 Cr	-₹1,957 Cr	₹4,780 Cr
Cash from Investing (CFI)	-₹464.00 Cr	₹1,019 Cr	-₹372.00 Cr	-₹1,123 Cr	-₹163.00 Cr	-₹800.00 Cr	-₹308.00 Cr	-₹151.00 Cr	-₹137.00 Cr	-₹472.00 Cr	₹3,054 Cr	-₹3,695 Cr
Cash from Financing (CFF)	-₹391.00 Cr	-₹761.00 Cr	-₹110.00 Cr	-₹434.00 Cr	-₹536.00 Cr	-₹1,028 Cr	-₹37.00 Cr	-₹1,460 Cr	-₹1,587 Cr	-₹1,455 Cr	-₹1,055 Cr	-₹1,156 Cr
Free Cash Flow (FCF)	₹796.00 Cr	₹1,146 Cr	-₹923.00 Cr	₹1,631 Cr	₹628.00 Cr	₹1,916 Cr	₹271.00 Cr	₹1,608 Cr	₹1,726 Cr	₹1,941 Cr	-₹1,865 Cr	₹4,781 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	0	0	0	0	0	4	5	8	5	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	0	0	0	0	0	4	5	8	5	0	0	0
ROCE %	4%	3%	4%	13%	12%	11%	10%	9%	10%	13%	10%	11%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹12,156.63 • Fairly Valued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹11,260.00

DCF Fair Value

₹12,156.63

Graham Number

₹10,849.79

Margin of Safety

+2.7%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹12,156.63

Fairly Valued (Margin: +2.7%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹11,830	₹11,722	₹11,617	₹11,513
10%	₹12,049	₹11,940	₹11,832	₹11,726
12%	₹12,268	₹12,157	₹12,047	₹11,940
14%	₹12,487	₹12,374	₹12,262	₹12,153

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹12,157	Undervalued
Benjamin Graham Number	₹10,850	Market Priced
Historical Sector P/E	₹17,511	Discounted
EV / EBITDA Multiplier	₹11,823	In-Line
Free Cash Flow Yield Model	₹11,035	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 7/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

7 / 9 Pass

Altman Z-Score

5.59 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.00x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 85.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

51.46%

FIIs (Foreign)

9.47%

DIIs (Domestic)

8.26%

Government

0.15%

Public / Retail

30.80%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%	51.46%
+ FIIs (Foreign Portfolio)	11.65%	11.57%	11.53%	11.21%	10.89%	10.65%	10.56%	10.31%	10.33%	10.26%	9.62%	9.47%
+ DIIs (Mutual Funds / Insurance)	5.88%	5.95%	6.09%	6.42%	6.80%	7.12%	7.30%	7.45%	7.31%	7.31%	8.08%	8.26%
+ Public (Retail & HNIs)	31.01%	31.01%	30.90%	30.92%	30.82%	30.75%	30.69%	30.78%	30.90%	30.97%	30.85%	30.80%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

BAJAJHLDNG Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

BAJAJHLDNG Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

BAJAJHLDNG Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹14,412.80

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹12,611.20

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 13x P/E.

🐻 Bear Case (15%) -12.0%

₹9,908.80

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 21:03 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Target Stock	₹11,260.00	+2.91%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹400.00	+0.25%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,906.00	+2.34%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,199.50	-1.35%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,715.00	+3.64%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,748.60	+1.37%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr
ASHOK LEYLAND Ltd (ASHOKLEY)	Diversified Operations	₹173.90	-0.55%	23.7x	27.4%	13.6%	4.49	₹88,390 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	21:03:40 IST	✓ Live Sync
Financial Statements (10Y)	BAJAJ HOLDINGS & INVS Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

Save to Your Watchlist

TickerPulse Academy

BAJAJ HOLDINGS & INVS Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About BAJAJ HOLDINGS & INVS Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

Document Title