BAJAJ FINSERV LTD.

Trendlyne Stock Report

Holding Companies Jan 05, 2024 03:31 PM
Diversified

₹1,709.5 (0.4% ) 52 Week High Low

1215
1709.5

1741
Market Cap: 2.7T Avg Daily Volume: 953.2K
NSE | Jan 05, 2024 03:31 PM

DVM SUMMARY

Mid-range Performer D V M

These stocks average quality, financial and technical aspects make them being considered by the investor who are not looking for high risk stocks.

Durability Score (D) Medium Financial Strength Valuation Score (V) Mid Valuation Momentum Score (M) Technically Neutral

Bad Medium Good Bad Medium Good Bad Medium Good

45 32 58
0 35 55 100 0 30 50 100 0 35 60 100

ANALYST RECOMMENDATION TRENDLYNE CHECKLIST

Consensus Recommendation Target Price

BUY 1788 (4.57%) 47.8% Passed in checklist
Financials 2 6
8 3 1 1 1

Total : 14 Ownership 3 1
Strong Buy Buy Hold Sell Strong Sell

Peer Comparison 2 1
Low Estimate Current Price High Estimate
1270 1709.5 2040
Value & Momentum 4 4

Total 11 12
1787.64
Average Estimate

The consensus recommendation is based on 14 analyst recommendations. The Consensus Estimate The Trendlyne Checklist checks if the company meets the key criteria for financial health and
is the aggregate analyst estimates for listed Indian companies. consistent growth.

KEY STATISTICS

Ratios Financials
TTM PE Ratio ROE Annual % ROCE Annual % Operating Revenue TTM Cr Revenue Growth Annual YoY Net Profit Annual Cr
%
36.7 13.8 13.7 94682.4 6417.3
19.9
High in industry Below industry Median Below industry Median Market Leader Market Leader
Above industry Median

EBIT Annual Margin % TTM PEG Ratio Long Term Debt To Equity
Annual Net Profit TTM Growth % Dividend yield 1yr % EPS TTM Growth %
35.3 1.0
2.8 35.7 0.1 35.7
Below industry Median PEG TTM is less than 1
Market Runner Up Above industry Median
Above industry Median

PRICE VOLUME CHARTS

1 Year Return : 16.4% 5 Year Return : 166.7%

1600 1500

1400 1000

1200 500

1000 0

MAR MAY JUL SEP NOV JAN JAN JUL JAN JUL JAN JUL JAN JUL JAN JUL JAN

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 BAJAJ FINSERV LTD. Trendlyne Stock Report
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Diversified

Durability Summary

Durability Score Bajaj Finserv Ltd. has a durability score of 45, which indicates Medium Financial Strength.

45 / 100
A High Durability Score (greater than 55) indicates good and consistent financial performance : stable revenues, cash flows, and low debt.

The Durability score looks at many different metrics, including long-term performance data, to identify stocks that have stood the test of time.

Medium Financial Strength

Bad Medium Good

45
0 35 55 100

Durability Trend Bajaj Finserv Ltd. : Jan '23 - Jan '24 Durability v/s Peers

60
GOOD
Bajaj Finserv 45.0

Bajaj Holdings & Investment 75.0

40
MEDIUM Aditya Birla Capital 45.0

L&T Finance Holdings 75.0

20
Tata Investment Corporation 60.0

Cholamandalam Financial 30.0

Holdings
0
Feb '23 Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24
JM Financial 30.0

0 10 20 30 40 50 60 70 80

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Bajaj Finserv Ltd. (45) has fourth-highest Durability score amongst its peers, behind Tata
0% 100.0% 0% 55.0 (26 Oct '23) 40.0 (27 Jan '23) Investment Corporation Ltd. (60) and tied with Aditya Birla Capital Ltd. and 2 others

Financial Metrics

Total Revenue Annual Cr Net Profit Annual Cr Tax Annual Cr Revenue Growth Annual YoY %

82,072.01 19.9% YoY Mar'23 6,417.28 40.8% YoY Mar'23 4,601.59 55.6% YoY Mar'23 19.9% 53.8% YoY Mar'23
100k 10k 7.5k 40
82072 34.1
94682.9 7422.6 5276.5 29.6
68439 6417.3 27.6
60591.6 5k 4601.6
50k 42605.6 5k 4470.5 4556.8 19.9
2780.9 2957.1
3219 3369.1 2308.1 2495 20
2650.3 2.5k 1922.4 13
11.5

0 0 0
0
8

3
M

M
'1

'1

'2

'2

'2

'2

'1

'1

'2

'2

'2

'2

'1

'1

'2

'2

'2

'2
TT

TT

TT
ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23

M

Total Revenue Annual Cr growth is stable Net Profit Annual Cr growth is higher than Tax Annual Cr growth is higher than Revenue Growth Annual YoY % is growing
compared to historical averages. historical averages. historical averages. faster than historical averages.

CAGR 2Y 16.4% CAGR 2Y 19.8% CAGR 2Y 35.8% CAGR 2Y 31.7%

3Y 14.7% 3Y 24.0% 3Y 25.9% 3Y -10.3%
5Y 20.1% 5Y 19.4% 5Y 19.1% 5Y -10.2%

Operating Profit Margin Annual % Net Profit TTM Growth % Operating Revenues Qtr Cr Net Profit Qtr Cr

36.2% 16.2% YoY Mar'23 40.8% 2014.8% YoY Mar'23 26,022.66 25.1% YoY Sep'23 1,928.96 23.9% YoY Sep'23
40 50 40k 3k
32.8 33.3 32.2 40.8
31.1
35 36.2
32.7 26022.7 1942.6 1929
23624.6 23280 2k 1782 1769
20803.2 21755.2 1556.9
20 25 21.2 20k 15888.3 1309.4
17.4
1k
4.7
1.9
0 0 0 0
Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Jun'22 Sep'22 Dec'22 Mar'23 Jun'23 Sep'23 Jun'22 Sep'22 Dec'22 Mar'23 Jun'23 Sep'23

Operating Profit Margin Annual % is growing Net Profit TTM Growth % is growing faster Operating Revenues Qtr Cr growth is higher Net Profit Qtr Cr is falling faster than
faster than historical averages. than historical averages. than historical averages. historical averages.

CAGR 2Y 6.0% CAGR 2Y 11.8% YoY 25.1% YoY 23.9%

3Y 2.8% 3Y 106.1% QoQ 11.8% QoQ -0.7%
5Y 2.0% 5Y 14.0%

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 BAJAJ FINSERV LTD. Trendlyne Stock Report
Holding Companies Jan 05, 2024 03:31 PM
Diversified

Balance Sheet

Total Assets Annual Cr Total ShareHolders Funds Annual Cr Working Capital Annual Cr

405,509.2 21.5% YoY Mar'23 46,407.3 15.3% YoY Mar'23 204,713.1 24.9% YoY Mar'23
500k 50k 300k
405509.2 40246.8
35830 46407.3
333719 204713.1
31301.3 200k
280164.3 163877.9
23740.1 131605.2
250k 208522.9 25k 20482.9
161562 91451.9 93392.6
100k

0 0 0
Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23

Total Assets Annual Cr growth is stable Total ShareHolders Funds Annual Cr growth Working Capital Annual Cr growth is stable
compared to historical averages. is stable compared to historical averages. compared to historical averages.

CAGR 2Y 20.31% CAGR 2Y 13.81% CAGR 2Y 24.72%

3Y 17.28% 3Y 14.03% 3Y 20.91%
5Y 20.21% 5Y 17.77% 5Y 17.49%

Cashflow

Cash from Operating Activity Annual Cr Cash from Investing Activity Annual Cr Cash from Financing Annual Activity Cr Net Cash Flow Annual Cr

-39,479.5 -17.3% YoY Mar'23 -13,945.2 -1064.8% YoY Mar'23 51,016.1 57.8% YoY Mar'23 -2,408.7 -2480.1% YoY Mar'23
25k 10k 75k 5k

4547.4 1445.4 2550.6

51016.1 2.5k
0 0 50k 1162.3
555 101.2
-921.5 34534.8 34479.3 32325.8 0
-3683.8
-25k -19580.2 -10k -6903.4 25k 19590.2 -911.5
-23369 -39479.5 -9948 -2.5k
-27076.4
-33670 -2408.7
-13945.2 1687
-50k -20k 0 -5k
Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23

Cash from Operating Activity Annual Cr is Cash from Investing Activity Annual Cr is Cash from Financing Annual Activity Cr Net Cash Flow Annual Cr is falling faster than
falling faster than historical averages. falling faster than historical averages. growth is higher than historical averages. historical averages.

CAGR 2Y -194.65% CAGR 2Y -94.56% CAGR 2Y 449.92% CAGR 2Y 2.82%

3Y -19.1% 3Y -11.92% 3Y 13.95% 3Y -27.49%
5Y -15.06% 5Y -72.18% 5Y 21.1% 5Y -21.45%

Financial Ratios

ROE Annual % ROCE Annual % RoA Annual % Current Ratio Annual

13.8% 22.1% YoY Mar'23 13.7% 16.3% YoY Mar'23 1.6% 16.2% YoY Mar'23 2.1 0.7% YoY Mar'23
20 20 2 3
1.6 1.6 1.6 2.5
1.5
13.8 14.5 14 13.7 1.4
12.9 13.6 13.3 1.3 1.9 2 2 2.1
12.5 11.8 1.9
10.8 11.3 10.7 2
10 10 1
1

0 0 0 0
Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23

ROE Annual % is growing faster than ROCE Annual % is growing faster than RoA Annual % is growing faster than Current Ratio Annual growth is stable
historical averages. historical averages. historical averages. compared to historical averages.

CAGR 2Y 5.27% CAGR 2Y 1.3% CAGR 2Y -0.31% CAGR 2Y 2.56%

3Y 8.7% 3Y -0.77% 3Y 5.65% 3Y 2.27%
5Y 1.34% 5Y 4.99% 5Y -0.74% 5Y -3.53%

Net Profit Margin Annual % Interest Coverage Ratio Annual EBIT Annual Margin %

14.9% 22.4% YoY Mar'23 2.4 8.3% YoY Mar'23 35.3% 16.4% YoY Mar'23
20 3 40
34.5
2.3 2.4 32.3 32.5 31.4
14.9 2.2 2.2 30.4
2.1 35.3
12.7 12.6 12.2 12.2 1.9
11 2
10 20
1

0 0 0
Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23

Net Profit Margin Annual % is growing faster Interest Coverage Ratio Annual growth is EBIT Annual Margin % is growing faster than
than historical averages. stable compared to historical averages. historical averages.

CAGR 2Y 10.63% CAGR 2Y 6.8% CAGR 2Y 6.16%

3Y 10.5% 3Y 8.81% 3Y 2.88%
5Y 3.21% 5Y 0.74% 5Y 1.79%

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Key Metrics - Peer Comparison

COMPARISON BAJAJ FINSERV BAJAJ HOLDINGS & ADITYA BIRLA L&T FINANCE TATA INVESTMENT CHOLAMANDALAM FINANCIAL JM FINANCIAL
LTD. INVESTMENT LTD. CAPITAL LTD. HOLDINGS LTD. CORPORATION LTD. HOLDINGS LTD. LTD.
(1) (2) (3) (4) (5) (6) (7)

Valuation Score 32.0 46.5 61.7 60.8 30.3 61.5 49.7

P/E Ratio TTM 36.7 16.2 8.7 20.4 66.6 12.7 15.9

Forward P/E Ratio 33.1 - 15.8 18.7 - - -

PEG Ratio TTM 1.0 0.6 0.1 0.4 2.5 0.3 -0.9

Forward PEG Ratio 0.1 - -0.4 0.5 - - -

Price to Book Value 3.5 1.7 2.1 2.0 1.1 1.2 0.9

Price to Sales TTM 2.9 174.7 1.5 3.2 63.1 0.9 2.4

Price to Sales Annual 2.5 142.0 1.4 1.6 31.9 0.6 1.7

EV to EBITDA 14.8 190.0 11.8 11.3 36.8 11.5 10.3

Market Cap to Sales 2.5 141.9 1.4 1.6 31.9 0.6 1.7

Price to Free Cash Flow -2408.7 3.9 -293.3 4719.7 -5.8 -1746.0 -746.3

Graham Number 714.8 7207.0 195.0 128.0 2368.3 1260.7 130.0

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 BAJAJ FINSERV LTD. Trendlyne Stock Report
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Diversified

Valuation Summary

Valuation Score Bajaj Finserv Ltd. has a valuation score of 32, which indicates an Mid Valuation.

32 / 100
A High Valuation Score (greater than 50) indicates the stock is competitively priced at current P/E, P/BV and share price.

The Valuation helps you identify stocks which are still bargains, and whose strengths are not fully priced into the share price.

Mid Valuation

Bad Medium Good

32
0 30 50 100

Valuation Trend Bajaj Finserv Ltd. : Jan '23 - Jan '24 Valuation v/s Peers

100
Bajaj Finserv 32.0

75 Bajaj Holdings & Investment 46.5

Aditya Birla Capital 61.7

GOOD
50
L&T Finance Holdings 60.8

MEDIUM Tata Investment Corporation 30.3

25
Cholamandalam Financial 61.5
Holdings
0
Feb '23 Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24
JM Financial 49.7

0 10 20 30 40 50 60 70

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Bajaj Finserv Ltd. (32) has sixth-highest Valuation score amongst its peers, behind Bajaj
0% 10.2% 89.8% 31.8 (04 Jan '24) 21.8 (10 Jan '23) Holdings & Investment Ltd. (46)

P/E Buy Sell Zone

Bajaj Finserv Ltd. has spent 66.2% of the time below the current P/E 36.7. This puts it in the PE Sell
Zone

Sell Zone 66.2% into P/E buy sell zone This is based on the tendency of the P/E value to revert to its historical mean.

If the P/E value has spent most of its time below the current value, then it means that most gains
have probably been realised already, and it is time to sell.
Strong upside potential % time spent below current P/E Gains already realized If the P/E value has spent very little time below the current value, then it means that there is strong
potential upside, and it is time to buy.

Valuation Metrics

PE TTM Price to Earnings Price To Sales Annual Dividend Payout CP Annual % Graham Number

36.7 9.1% YoY Jan'24 2.5 -38.1% YoY Jan'24 0.9% -4.3% YoY Jan'24 714.8 20.3% YoY Jan'24
100 6 4 5k
3.1 4081
3609.9 4658.2
64.7 4
4
50 41.8 2.6 2.5 2.5 2 2.5k
33.6 36.7
2 1.3 0.8 0.9 0.9
18.2 714.8
594.3
0
0 0 0 0
Mar'20 Mar'21 Mar'22 Mar'23 Jan'24 Mar'20 Mar'21 Mar'22 Mar'23 Jan'24 Mar'20 Mar'21 Mar'22 Mar'23 Jan'24 Mar'20 Mar'21 Mar'22 Mar'23 Jan'24

PE_TTM is falling faster than historical Price To Sales Annual is falling faster than Dividend Payout CP Annual % is falling faster Graham Number is falling faster than
averages. historical averages. than historical averages. historical averages.

CAGR 2Y -4.5% CAGR 2Y -1.6% CAGR 2Y - CAGR 2Y -62.8%

3Y 13.1% 3Y 22.3% 3Y -34.1% 3Y -44.6%
5Y 1.3% 5Y -0.4% 5Y -2.1% 5Y -24.8%

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Diversified

Momentum Summary

Momentum Score Bajaj Finserv Ltd. has a Momentum score of 58, which indicates that it is Technically Neutral.

58 / 100
A High Momentum Score indicates the stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock
universe.

Momentum is a very effective short term score, while Durability and Valuation help assess the stock’s health over the long term.
Technically Neutral

Bad Medium Good

58
0 35 60 100

Momentum Trend Bajaj Finserv Ltd. : Jan '23 - Jan '24 Momentum v/s Peers 05 Jan '24

100
Bajaj Finserv 58.4

75 Bajaj Holdings & Investment 68.6

GOOD
Aditya Birla Capital 49.8
50
L&T Finance Holdings 68.0
MEDIUM
Tata Investment Corporation 66.8
25
Cholamandalam Financial 54.9
Holdings
0
Feb '23 Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24
JM Financial 69.2

0 10 20 30 40 50 60 70 80

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Bajaj Finserv Ltd. (58) has fifth-highest Momentum score amongst its peers, behind Tata
22.4% 69.9% 7.7% 68.3 (06 Oct '23) 30.2 (31 Mar '23) Investment Corporation Ltd. (67)

Price Change Analysis Key Momentum Metrics

LTP : 1709.5 RSI MFI

1 Day 1697.65 1717.1

59.1 59.8
1 Week 1663.45 1723.95
RSI is 59.1, RSI below 30 is considered oversold MFI is 59.8, MFI below 30 is considered
and above 70 overbought oversold and above 70 overbought
1 Month 1637.05 1741

3 Months 1527.9 1741

MACD MACD Signal Line
6 Months 1451 1741
9.8 11.2
1 Year 1215 1741
MACD is above its Center Line, but below MACD is above its Center Line, but below
3 Year 827.37 1932.5 signal line. signal line.

5 Year 398.53 1932.5

ATR
200 400 600 800 1000 1200 1400 1600 1800 2000 2200

30.5
ATR is below industry Median

Simple Moving Averages Exponential Moving Averages

Bajaj Finserv Ltd. is trading above 8 out of 8 SMAs. Bajaj Finserv Ltd. is trading above 8 out of 8 EMAs.

BULLISH BULLISH

8/8 8/8

Bullish v/s Bearish SMAs Bullish v/s Bearish SMAs

(if the current price is above a moving average, it is considered bullish) (if the current price is above a moving average, it is considered bullish)

5Day SMA Rs 1690.3 50Day SMA Rs 1644.4 5Day EMA Rs 1694.5 26Day EMA Rs 1678.6

10Day SMA Rs 1680.6 100Day SMA Rs 1596.8 10Day EMA Rs 1689.3 50Day EMA Rs 1655.2

20Day SMA Rs 1692.8 150Day SMA Rs 1580.4 12Day EMA Rs 1688.4 100Day EMA Rs 1614.3

30Day SMA Rs 1685.3 200Day SMA Rs 1523 20Day EMA Rs 1683.7 200Day EMA Rs 1566.4

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Momentum Oscillators Pivot Support & Resistances

Bajaj Finserv Ltd. is trading above 6 out of 9 Oscillators in bullish zone. Bajaj Finserv Ltd. at 1709.50 is trading above it's Pivot 1708.08.

BEARISH NEUTRAL BULLISH 1740

R3 - 1738.0

1/9 2/9 6/9 1730

R2 - 1727.5

Bullish v/s Bearish Oscillators 1720 R1 - 1718.5

(if an oscillator is in its negative range, it is considered bearish)

LTP - 1709.5
1710
PIVOT - 1708.1
RSI(14) 59.1 MACD(12, 26, 9) 9.8
1700 S1 - 1699.1
Stochastic Oscillator 57.1 Stochastic RSI 48.7
1690 S2 - 1688.6
CCI 20 51.1 William -30.3

Awesome Oscillator 16.0 Ultimate Oscillator 44.6 1680 S3 - 1679.6

Momentum Oscillator 42.6

1670

Neutral Bullish Bearish

Volatility Metrics

Beta
1 month 3 month 1 year 3 year ADX Day Bollinger Bands Mid_20_2

0.89 0.51 0.49 0.07 13.5 1692.8

Bollinger Bands Mid_20_2 is below industry
Median
beta value for 3 month indicates price tends to be less volatile than the market

Daily Volume Analysis Active Candlesticks

Daily average delivery volume over the past week is 44.6%

Bullish Candlestick Pattern Bearish Candlestick Patterns
05 Jan, 2024 302.6K 953.2K
No active candlesticks No active candlesticks
Week 538.6K 1.2M

Month 602.2K 1.3M

0 200k 400k 600k 800k 1 000k 1 200k 1 400k

Combined Delivery Volume NSE + BSE Traded Volume

Daily Avg. Delivery Volume %

05 Jan, 2024 Week Month

31.7% 44.6% 47.5%

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 BAJAJ FINSERV LTD. Trendlyne Stock Report
Holding Companies Jan 05, 2024 03:31 PM
Diversified

Checklist Summary

Trendlyne Checklist Score

47.8% pass 11 | 12
=
Financial
2|6
+
Value & Momentum
4|4
+
Ownership
3|1
+
Peer Comparison
2|1

Financial Value & Momentum

2 criteria met | 6 not met 4 criteria met | 4 not met

Company has seen consistent profit growth in the last eight The stock is in the Buy Zone according to its historical P/E?
quarters? No
Yes The stock is in the Buy Zone according to its historical P/E
Stock has seen consistent profit growth in the last eight quarters

The stock is in the Buy Zone according to its historical P/BV?

Company has seen consistent sales growth in the last eight quarters? No
Yes The stock is in the Buy Zone according to its historical P/BV
Stock has seen consistent sales growth in the last eight quarters

Company's valuation score signals overall affordability?

Company has high Trendlyne Durability Score? No
No Company's valuation score signals overall affordability
Stock has high Trendlyne Durability Score (>=60)

Trendlyne Momentum Score shows bullishness?

Company has high Piotroski Score? Yes
No Trendlyne Momentum Score shows bullishness
Stock has high Piotroski Score (>= 7)

Stock is trading above all short term SMAs?

Company has Low Debt? Yes
No Stock is trading above all short term SMAs
Stock has Low Debt

Stock is trading above all long term SMAs?

Shareholder Value: Company has Strong ROE? Yes
No Stock is trading above all long term SMAs
Shareholder Value: Stock has Strong ROE

Stock has bullish candlesticks?

Company has Positive Net Cash Flow? Yes
No Stock has bullish candlesticks OR Stock has no bearish candlesticks
Stock has Positive Net Cash Flow

Stock has active positive breakouts?

Company is generating increasing cash from operations? No
No Stock has active positive breakouts
Positive CFO for last 2 years

Ownership Peer Comparison

3 criteria met | 1 not met 2 criteria met | 1 not met

FII/FPI or DIIs are buying the stock? Company is giving better long term returns than the industry?
No
Institutions have been increasing stake in the company over the past Yes Company is giving better long term returns than the industry
four quarters

Company's sales growth is better than the industry median?

Promoters are buying the stock or ownership is stable? Yes
No Company's sales growth is better than the industry median
Promoters are buying the stock or ownership is stable

Company's profit growth is better than the industry median?

Promoter pledge is low and not increasing? Yes
Yes Company's profit growth is better than the industry median
Promoter pledge is low and not increasing

Insider have not sold stock in the past 3 months?

Yes
Insider have not sold stock in the past 3 months

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Holding Companies Jan 05, 2024 03:31 PM
Diversified

Forecaster

Consensus Recommendation Share Price Target

Consensus Recommendation Share Price Target (Avg)

BUY ₹ 1787.64 (4.6% upside)
2250

2040.0
2000
8
7 7 7
6 6
1787.6
1750

1500
3 3 3
4 4 4
1 1 1 1250 1270.0
1 1 1 1 1 1
1 1 1 1 1 1
2023-08-27 2023-09-30 2023-10-31 2023-11-29 2023-12-30 2024-01-06 1000
FY22 FY23 FY24 FY25 FY26
Strong Buy Buy Hold Sell Strong Sell
Future Avg. Estimate High Estimate Low Estimate

The consensus recommendation from 14 analysts for Bajaj Finserv Ltd. is BUY

Bajaj Finserv Ltd.'s share price target is above the current price, with an upside of 4.6%

Key Metrics - Average Estimates Actual Revenue Avg. Estimate

EPS Interest expense Net income

150 40k 20k

81.4 20991.8 26045.2 10717.6 14840.4
64.0 21.3% 17323.0 17.5% 19.4% 8483.5
30k 15k
100 51.6 19.4% 12388.5 29.6% 7016.9 24.4%
78.7% 9736.2 -1.5% 5351.9 -8.6%
34.3 20k 10k
-2.4% -14.9%
-16.4% 42.8
50 -74.3%
10k 5k

0 0 0
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

-16.4% -74.3% 78.7% 19.4% 21.3% -2.4% -1.5% 29.6% 17.5% 19.4% -14.9% -8.6% 24.4% 0% 0%

Surprises Estimate Surprises Estimate Surprises Estimate

EPS is expected to grow by 369.5% in FY24 Interest expense is expected to grow by 42.0% in FY24 Net income is expected to grow by 32.2% in FY24
Bajaj Finserv Ltd.'s EPS was lower than average estimate 2 times Bajaj Finserv Ltd.'s Interest expense was lower than average Bajaj Finserv Ltd.'s Net income was lower than average estimate
in past 2 years estimate 2 times in past 2 years 2 times in past 2 years

Depreciation & amortization Dividend per share EBIT

1000 3 60k
1.5 1.5 1.6 1.7 1.8 42344.9
30699.9
37415.3% 45086.7% 50.9% 4.1% 4.0% 27.5%
24494.4 20.2%
2 40k 20207.9 18.3%
1.4 17244.3 -1.0%
500 1.3 -42.9% -6.8%

1.5 1.5 1.6 1.7 1.7 -69.7%

1 20k
37415.3% 45086.7% -42262.5% 5.9%

0 0 0
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

37415.3% 45086.7% -42262.5% 5.9% 0% -69.7% -42.9% 50.9% 4.1% 4.0% -6.8% -1.0% 18.3% 20.2% 27.5%
Surprises Estimate Surprises Estimate Surprises Estimate

Depreciation & amortization is expected to reduce by 99.8% in Dividend per share is expected to grow by 103.8% in FY24 EBIT is expected to grow by 22.5% in FY24
FY24 Bajaj Finserv Ltd.'s Dividend per share was lower than average Bajaj Finserv Ltd.'s EBIT was lower than average estimate 2
Bajaj Finserv Ltd.'s Depreciation & amortization was higher estimate 2 times in past 2 years times in past 2 years
than average estimate 2 times in past 2 years

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 BAJAJ FINSERV LTD. Trendlyne Stock Report
Holding Companies Jan 05, 2024 03:31 PM
Diversified

Forecaster Actual Revenue Avg. Estimate

Revenue

200k
122780.1 152422.5
102386.1
16.6% 19.4%
150k 31.8%
54356.2 63757.2
25.9% 9.6%
100k

50k

0
FY22 FY23 FY24 FY25 FY26

25.9% 9.6% 31.8% 16.6% 19.4%

Surprises Estimate

Revenue is expected to grow by 46.5% in FY24

Bajaj Finserv Ltd.'s Revenue was higher than average estimate 2
times in past 2 years

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 BAJAJ FINSERV LTD. Trendlyne Stock Report
Holding Companies Jan 05, 2024 03:31 PM
Diversified

Shareholding Summary Shareholding Trend

80%

Promoter 60.7%
60.8% 60.8% 60.8% 60.8% 60.7%
60%

DII 7.3%

40%
FII 7.4%

20%
Public 24.3%
7.2% 7.5% 6.7% 6.9% 7.4%
0.0% 0.0% 0.0% 0.0% 0.0%
0%
Others 0.3% Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023

Promoter Pledges as % of promoter shares (%) FII DII

0% 10% 20% 30% 40% 50% 60% 70%

Retail investors (Promoter) form the biggest shareholding segment Promoter , Pledges as % of promoter shares (%) , FII , DII , over the Sep 2023 quarter

Mutual Fund Holding and Action

200 Promoters pledge remained unchanged at 0.01% of holdings in Sep 2023 qtr.
177.0 172.0 172.0 174.0 173.0
Promoters have decreased holdings from 60.79% to 60.69% in Sep 2023 qtr
150
Mutual Funds have decreased holdings from 3.98% to 3.71% in Sep 2023 qtr
96.0
100 87.0 Number of MF schemes decreased from 38 to 35 in Sep 2023 qtr
76.0 74.0
63.0
FII/FPI have increased holdings from 6.89% to 7.40% in Sep 2023 qtr.
50 38.0
26.0 30.0
25.0
Number of FII/FPI investors decreased from 702 to 699 in Sep 2023 qtr
0
Jul-2023 Aug-2023 Sep-2023 Oct-2023 Nov-2023 Institutional Investors have increased holdings from 14.47% to 14.75% in Sep 2023
Net Holders Bought some / all Sold some / all qtr.

Major Shareholders Bajaj Finserv Ltd. : Sep '23

Superstar Promoters

Name Shares % Change % Name Shares % Change %

JAYA HIND INDUSTR 3.9% -5.8% BAJAJ HOLDINGS A 39.1% -

IES PRIVATE LIMITED ND INVESTMENT LI
MITED

JAMNALAL SONS PR 9.7% -29.4%

IVATE LIMITED

Bulk / Block Deals

Date Client Name Deal Type Action Avg Price Qty Exchange

08 Nov'23 RAJIVNAYAN BAJAJ Block Sell 1,575 255,000 NSE

08 Nov'23 RISHAB FAMILY TRUST Block Sell 1,575 1,301,000 NSE

08 Nov'23 MADHUR SECURITIES PRIVATE LIMITED Block Purchase 1,575 389,000 NSE

08 Nov'23 SHEKHAR HOLDINGS PVT LTD Block Purchase 1,575 389,000 NSE

08 Nov'23 RAHUL SECURITIES PVT LTD Block Purchase 1,575 389,000 NSE

08 Nov'23 RUPA EQUITIES PRIVATE LIMITED Block Purchase 1,575 389,000 NSE

31 Oct'23 NIRAJ BAJAJ Block Sell 1,570 635,000 NSE

31 Oct'23 BAJAJ SEVASHRAM PRIVATE LIMITED Block Purchase 1,570 635,000 NSE

13 Jun'23 ABHAYKUMAR NAVALMAL FIRODIA Block Sell 1,480 150,000 NSE

13 Jun'23 JAYA HIND INDUSTRIES LIMITED Block Purchase 1,480 150,000 NSE

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 BAJAJ FINSERV LTD. Trendlyne Stock Report
Holding Companies Jan 05, 2024 03:31 PM
Diversified

Insider Trading / SAST

Reporting Date Client Name Client Type Regulation Action Avg Price Qty Mode

01 Dec'23 Kamalnayan Investment & Trading Private Li… Promoter Group Insider Trading Acquisition 1,639.9 150,000 Market Purchase

01 Dec'23 Nirvaan Family Trust Sunaina Kejriwal Promoter Group Insider Trading Disposal 1,638.7 50,000 Market Sale

01 Dec'23 Aryaman Family Trust Manish Kejriwal Promoter Group Insider Trading Disposal 1,638.7 50,000 Market Sale

01 Dec'23 Sunaina Kejriwal Promoter Group Insider Trading Disposal 1,642.2 50,000 Market Sale

13 Nov'23 Rupa Equities Private Limited Promoter Group Insider Trading Acquisition 1,577.2 389,000 Market Purchase

13 Nov'23 Shekhar Holdings Private Limited Promoter Group Insider Trading Acquisition 1,577.2 389,000 Market Purchase

13 Nov'23 Rajivnayan Bajaj Promoter & Director Insider Trading Disposal 1,573.1 255,000 Market Sale

13 Nov'23 Madhur Securities Private Limited Promoter Group Insider Trading Acquisition 1,577.2 389,000 Market Purchase

13 Nov'23 Rahul Securities Private Limited Promoter Group Insider Trading Acquisition 1,577.2 389,000 Market Purchase

13 Nov'23 Rishab Family Trust Rajivnayan Bajaj Promoter Group Insider Trading Disposal 1,573.1 1,301,000 Market Sale

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BAJAJ FINSERV LTD. Trendlyne Stock Report
Holding Companies Jan 05, 2024 03:31 PM
Diversified

ABOUT THE COMPANY

Bajaj Finserv Ltd.

Bajaj Finserv is primarily engaged in the business of promoting financial services such as finance, insurance, broking, investments, etc.
website: www.bajajfinserv.in

BRANDS OWNED BY THE COMPANY

Bajaj Finserv RBL Bank SuperCard Wallet Care Bajaj Finserv

MANAGEMENT INFORMATION

Tarun Chugh Uma Shende Ashish Panchal Ganesh Mohan

Managing Director,Chief Executive Officer(Bajaj Company Secretary,Compliance Officer Chief Executive Officer Chief Executive Officer

Finance Ltd)
- 2023-3-31 - 2023-3-31 - 2023-3-31
- 2023-3-31 Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year

Gross Remuneration Year

DIRECTOR INFORMATION

Sanjiv Bajaj Naushad Forbes D J Balaji Rao Manish Kejriwal

Chairman & Managing Director Independent Director Independent Director Director

₹23.32Cr. 2023 ₹0.54Cr. 2023 ₹0.42Cr. 2023 ₹0.39Cr. 2023

Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year

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 BAJAJ FINSERV LTD.
Holding Companies
Diversified
Detailed stock report terminology
Trendlyne’s stock report is a comprehensive company analysis report based on its durability, valuation and momentum scores along with the forecaster data, to give you a detailed analysis. The report also
includes Trendlyne’s checklist summary, technical analysis, peer comparison, mutual fund holdings details, insider trading and more.
Durability Score
Durability scores are calculated from 0-100, with zero the worst and 100 the best.
Durability scores above 55 are considered good(G) and below 35 are considered bad(B).
Scores between 35-55 are considered neutral/Medium/Middle(M).
Stocks with a high durability score (top 20 percentile) are companies that have
consistently and over time, demonstrated good growth and cash flow, stable revenues
and profits, and low debt.
The durability score considers several different metrics and ratios around earnings and
models these over time. Our stocks with high durability scores outperform the index
significantly
Valuation Score
Valuation scores are calculated from 0-100, with zero the worst and 100 the best.
Valuation scores above 50 are considered good(G) and below 30 are considered bad(B).
Scores between 30-50 are considered neutral/Medium/Middle(M)
Stocks with a high valuation score (top 20 percentile) are companies whose business and
financial advantages have not yet been priced into their share price. These companies
typically have strong earnings but are currently flying under the radar, and Trendlyne’s
valuation score helps shine a spotlight on these companies.
Firms with a low valuation score (bottom 20 percentile) are expensive stocks that have
good broker coverage and already have their strengths priced in. They are popular but
pricey. If you are buying them now it would be for a steep price tag: valuation scores help
you identify that.
Momentum Score
Scores are calculated from 0-100, with zero being the worst and 100 the best.
Momentum scores above 59 are considered good(G) and below 30 are considered
bad(B). Scores between 30-59 are considered neutral/Medium/Middle(M)
Momentum score or momentum score identifies the bullish/bearish nature of the stock.
Stocks with a high momentum score (which is calculated daily from over 30 technical
indicators) are seeing their share price rise, and increase in volumes and sentiment.
A low and falling momentum score indicates a falling share price. The pace at which this is
changing is also important for the momentum score.
Analyst recommendation
Analyst recommendation of a stock is an assessment made by financial analysts or
brokerage firms about the investment potential of a particular stock. It is usually based
on a thorough analysis of the company's financial performance, market trends, industry
outlook, and other factors that may impact the stock's value.
The analyst recommendation of a stock typically takes the form of a rating or a
recommendation, such as "buy," "hold," or "sell." The recommendation is usually
accompanied by a price target, which is the analyst's estimate of the stock's fair value.
A low and falling momentum score indicates a falling share price. The pace at which this is
changing is also important for the momentum score.
Disclaimer
© 2024 Giskard Datatech Pvt Ltd
Republication or redistribution of Giskard content, including by framing or similar means, is prohibited without the prior written consent of Giskard. All information in this report is assumed to be
accurate to the best of our ability. Giskard is not liable for any errors or delays in Giskard content, or for any actions taken in reliance on such content. Any forward-looking statements included in the
Giskard content are based on certain assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations.
Copyright © Giskard Datatech Pvt Ltd
Trendlyne Stock Report
Jan 05, 2024 03:31 PM
Trendlyne Checklist Score
Trendlyne Checklist evaluates a stock based on its financial performance, ownership, peer
comparison, value and momentum. This helps give an overall performance of the
company based on the score.
PE buy/sell zone
The PE buy/sell zone is calculated based on how many days a stock has traded at its
current PE level. The current PE is compared to the stock’s historical PE performance, to
find out how often (for how many days in the past) the stock has traded at its current PE
value.
If the stock has usually traded above its current PE level (it’s at a higher PE for the
majority of trading days), then the stock is cheaper than usual and in the PE buy zone.
If the stock has usually traded below its current PE level (it’s at a lower PE for the
majority of trading days), then the stock is more expensive than usual and in the PE sell
zone.
Price Volume Charts
Price volume charts are a type of financial chart that combines two key pieces of
information about a stock: its price and trading volume. They are commonly used in
technical analysis to identify trends and patterns in the market.
In a price volume chart, the price of the security is plotted on the vertical axis, while the
trading volume is shown on the horizontal axis. Each data point on the chart represents a
single trading day, and the size of the data point may be proportional to the trading
volume.
Peer Comparison
Peer comparison in financial analysis is a method of comparing the financial performance
and position of one company to its competitors or peers in the same industry or sector.
The purpose of this comparison is to gain insights into how the company is performing
relative to its competitors and to identify areas where it may be underperforming or
overperforming. In Trendlyne’s stock report, DVM scores are also included in the peer
comparison section.
Technical Analysis
Technical analysis is a method of analyzing stocks and other financial instruments that
relies on charts and statistical indicators to identify trends and patterns in price and
trading volume.
Key momentum metrics included - relative strength index (RSI), Stochastic RSI, Ultimate
Oscillator, moving average convergence divergence (MACD), average true range (ATR),
money flow index (MFI), William, CCI 20 and Awesome Oscillator. Simple and
exponential moving averages are also included.
To analyse the volatility of the stock, Beta over different periods of time, Average
Directional Movement Index and Bollinger bonds are used. Along with this, active
candlesticks, daily volume analysis is also provided in the rapport.
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