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Bajaj Holdings & Investment (BAJAJHLDNG) had a P/E of 13.2× on 6 Nov 2026, below the industry P/E of 25.9×, and the shares are 16% below their 52-week high. Sales and net profit grew 19% and 26% a year over 3 years; its ROE of 12% is the second-lowest among the 7 largest Asset Management peers, though net profit is above operating profit, which points to a one-off gain. Its dividend yield is 1.2%. It is a large-cap company with a market cap of ₹1.2 lakh crore, ranked 3rd of 69 Asset Management companies by market cap; the shares fell 10% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹10,837.00
Day high
₹11,140.00
Day low
₹10,754.00
Prev. close
₹10,849.00
Volume
34K

Health check

1 fair · 4 to check
  • ReturnsBehind

    −10.3% over a year, better than 2 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthSlow

    Sales +19.0%, profit +25.7% a year over 3 years.

  • ProfitabilityWeak

    ROE 11.6% vs peer median 36.4%.

  • Balance sheetFair

    Piotroski 6 of 9.

  • Red flags1 to check

    Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Asset Management

68 listed peers. Screen the industry

Large cap

₹1.2L Cr, #3 of 69 in its industry by size.

Defensive

Beta 0.22 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹979 Cr · profit ₹9,291 Cr
Market cap
₹1.2L Cr
Large cap
P/E
13.2
Industry 25.9
Price to book
1.67
Peers 13.47
Dividend yield
1.20%
ROE
11.6%
Peers 36.4%
ROCE
n/a
Peers 39.2%
Debt to equity
n/a
Debt ₹0.00 Cr
EPS (TTM)
₹834.88
Face value ₹10
OPM (TTM)
78.8%
Net margin 948.6%
Sales growth
+20.9%
Latest quarter vs a year ago
Profit growth
+27.9%
Latest quarter vs a year ago
Price to sales
125.49
EV/EBITDA 169.1

Strengths and risks

Strengths

  • Quarterly profit up 27.9% on a year ago.
  • Quarterly sales up 20.9% on a year ago.

Risks to check

  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Derived automatically from reported figures. Not a recommendation.

About Bajaj Holdings & Investment

Bajaj Holdings & Investment Limited, an investment holding company, operates as a non-banking financial-investment and credit company in India. It invests in listed and unlisted securities of companies. Bajaj Holdings & Investment Limited was incorporated in 1945 and is headquartered in Pune, India.

Headquarters
Pune
Employees
14
Sector
Financial Services
ISIN
INE118A01012
Website
bhil.in

Price range

52 weeks

₹8,588.00₹13,157.00

Today

₹10,754.00₹11,140.00
Avg volume (3M)
43.3K
1-year return
minus 10.3%
From 52-week high
minus 16.1%

Peers · Asset Management

Compare with peersScreen the whole industry
Company
JIOFINJio Financial Services231.20plus 0.69%1,58,44587.91.191.7%1.3%75.8%431.5%268.2%0.26%minus 23.9%
ICICIAMCICICI Prudential Asset Management Company2,935.80minus 1.45%1,45,10441.127.1698.3%76.2%74.1%28.9%29.6%1.42%plus 15.2%
BAJAJHLDNGBajaj Holdings & Investment11,044.00plus 1.80%1,22,91313.21.67–11.6%78.8%19.0%25.7%1.20%minus 10.3%
HDFCAMCHDFC Asset Management Company2,649.80plus 0.37%1,13,70138.313.1938.5%36.4%81.4%23.9%26.2%2.05%minus 2.3%
SBIFUNDSSBI Funds Management499.55minus 1.30%1,01,75033.313.47–40.4%78.5%––0.00%minus 17.0%
NAM-INDIANippon Life India Asset Management1,065.20minus 0.37%68,17742.814.2940.0%35.3%67.3%26.1%28.3%2.06%plus 21.3%
360ONE360 ONE WAM1,145.00plus 0.36%49,10738.74.5013.5%12.7%47.3%24.0%22.7%1.18%plus 5.7%
ANANDRATHIAnand Rathi Wealth2,373.50plus 0.15%39,41087.530.5850.0%43.0%35.5%27.9%33.0%0.32%plus 51.9%
Median of 7 peers–0.15%1,01,75041.113.4739.2%36.4%74.1%27.0%29.0%1.18%5.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
2,0272,1332,3382,7782,450
0.20.20.1––
88810.61
1,9762,0842,2932,7142,412
14.5%3.2%−12.4%0.2%11.4%
1,5592,0162,5752,7061,993
140.08181.20231.40243.18179.11

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+19.0%
Profit CAGR 3Y
+25.7%
EPS CAGR 3Y
+25.7%
ROE
11.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5,1837,6656,8758,729
–+47.9%minus 10.3%+27.0%
6.92.21.5−0.7
33.833.833.831.9
5,0127,4936,74810,057
1.3%1.7%1.8%2.7%
4,8517,2676,5219,637
–+49.8%minus 10.3%+47.8%
435.80653.00585.90865.90

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
111111111111
44,07154,13662,57673,039
92.862.6319.6
8,91310,85112,54712,027
53,18865,16175,26685,187
10473.435.716.6
52,55564,71573,80984,866
25.839.882.911.8
5033331,338293
53,18865,16175,26685,187

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,7281,941−1,9574,780
−137−4723,054−3,695
−1,587−1,455−1,055−1,156
3.91443.1−71.1
−2−0.3−0.8−0
1,7261,941−1,9584,780
−1,555−1,422−1,020−1,124

Shareholding pattern

Source: NSE filings
51.5%
promoters
  • Promoters51.46%
  • Public48.54%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202651.46%48.54%0.00
30 Jun 202651.46%48.54%0.00
31 Mar 202651.46%48.54%0.00
31 Dec 202551.46%48.54%0.00
30 Sep 202551.46%48.54%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you