BAJAJHFL · NSE · Housing Finance Company
Bajaj Housing Finance Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Mid Cap · AMFI list Jan-Jun 2026 · Vendor sector: Finance
dear
low confidence
No valuation within 120 days; P/E 25.2 vs peers 13.1 (9th of 9); P/B 2.7 vs peers 1.8 (10th of 10).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is Bajaj Housing Finance's share price today?
Bajaj Housing Finance last traded at ₹81.29 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.3% on the day, down 25.0% over a year. Its 52-week range is ₹73 to ₹112. The live price is in the app.
₹81.29
−0.3% today
−25.0% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
25 month-end closes, 30 Sep 2024 to 30 Sep 2026, adjusted for splits and bonuses
52-week range22% of the way up
Low ₹73High ₹112
What is Bajaj Housing Finance's market cap?
Bajaj Housing Finance's market capitalisation is about ₹67,917 crore: what it would cost to buy every share at today's price. That makes it the 53rd largest mid cap company we cover.
₹67,917 Cr
Mid Cap53rd largest mid cap company
Share price₹81.29
×
Shares in issue835 crore
=
Market cap₹67,917 Cr
Mid Cap means the companies ranked 101 to 250 by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: BAJAJHFL
- ISIN
- INE377Y01014
- Cap bucket
- Mid Cap, 53rd largest by market cap
- Industry (NSE)
- Financial Services › Finance › Housing Finance Company
- Listed since
- 2024
- Futures and options
- Not traded
Is Bajaj Housing Finance overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 25.2 vs peers 13.1 (9th of 9); P/B 2.7 vs peers 1.8 (10th of 10).
Valuation
Latest price and trailing 12 months
P/E
25.24
vs peers 13.1 · 9th of 9
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
2.70
vs peers 1.8 · 10th of 10
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹67,917 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
Not available
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
2.05
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is Bajaj Housing Finance a quality business?
Quality score 57.2, 6th of 10 in its peer set; WATCH on 15 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
57.2
vs peers 58.3 · 6th of 10
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
WATCH
15 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: standalone accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances (the loan book from the Q4 filing); ROA over average total assets; ROE over average equity
Net interest margin
3.3%
vs peers 6.8% · 8th of 10
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
0.2%
vs peers 0.3% · 3rd of 10
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
23.1%
vs peers 35.8% · 3rd of 9
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
2.2%
vs peers 3.3% · 8th of 10
Profit as a share of average total assets. Learn more →
CET1 ratio
Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
24.4%
vs peers 13.2% · 2nd of 10
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
25.5%
vs peers 8.7% · 2nd of 5
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has Bajaj Housing Finance made money for shareholders?
Not over these periods: −25.0% over one year.
Shareholder returns
5-year return
Not available
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
Not available
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
−1.6%1M
−3.0%3M
−8.0%6M
−4.1%1Y
−25.0%3Y
—5Y
—— not available
Is Bajaj Housing Finance growing?
Loan growth 24.4%; deposit growth 25.5%; revenue 3 years 25.3% a year. History break: FY2023 step year (revenue +50%, shares +37%) in the 5-year growth figures.
Growth
Statements through FY2026 (Mar-26)
Loan growth
24.4%
vs peers 13.2% · 2nd of 10
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
25.5%
vs peers 8.7% · 2nd of 5
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
25.3% a year
vs peers 18.6% · 4th of 10
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
12.3% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
25.2% a year
Compound annual growth of revenue over five years. Learn more →
↯
History break: FY2023 step year (revenue +50%, shares +37%) in the 5-year growth figures.
EPS 5 years
12.8% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
↯
History break: FY2023 step year (revenue +50%, shares +37%) in the 5-year growth figures.
How did Bajaj Housing Finance do last quarter?
Bajaj Housing Finance reported income of ₹3,063 Cr, up 16.7% on a year earlier and a net profit of ₹715 Cr, up 18.4% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹3,063 Cr
+16.7% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹715 Cr
+18.4% on a year earlier
What was left for shareholders after every cost and tax.
How does Bajaj Housing Finance compare with its peers?
Compared with 9 Housing Finance Company; 9th of 9 on P/E; 6th of 10 on quality score.
Compared with 9 Housing Finance Company
9 companies
- Bajaj Housing Finance Ltd (this page)
- LIC Housing Finance Ltd
- PNB Housing Finance Ltd
- Aadhar Housing Finance Ltd
- Sammaan Capital Ltd
- Home First Finance Company India Ltd
- Aptus Value Housing Finance India Ltd
- Can Fin Homes Ltd
- AAVAS Financiers Ltd
- India Shelter Finance Corporation Ltd
Bajaj Housing Finance against its peers
Largest 9 of 9 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Bajaj Housing Finance Ltd₹67,917 Cr25.22.712.1%−25.0%
Aadhar Housing Finance Ltd₹19,449 Cr16.92.615.8%−13.7%
Sammaan Capital Ltd₹14,687 Cr—0.9—−22.1%
Home First Finance Company India Ltd₹11,257 Cr19.22.215.7%−11.7%
Aptus Value Housing Finance India Ltd₹10,804 Cr11.02.317.2%−30.7%
Can Fin Homes Ltd₹9,562 Cr8.31.819.7%−10.4%
AAVAS Financiers Ltd₹9,460 Cr13.81.713.9%−26.4%
India Shelter Finance Corporation Ltd₹7,026 Cr13.22.517.1%−27.9%
Peer median—13.11.815.7%−13.7%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns Bajaj Housing Finance?
Bajaj Housing Finance is held by promoters 86.7%, foreign institutions 0.9%, domestic institutions 1.0%.
Shareholding pattern
Latest filing, percent of shares
Promoters86.7%
The founders and controlling group.
Foreign institutions0.9%
Overseas funds investing through the FPI route.
Domestic institutions1.0%
Indian insurers, banks, pension and mutual funds together.
Mutual funds0.3%
Indian mutual fund schemes; part of domestic institutions.
Retail and others8.9%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about Bajaj Housing Finance?
16 analysts cover Bajaj Housing Finance, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
16 analysts
ConsensusHold
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does Bajaj Housing Finance do and what is it sensitive to?
Bajaj Housing Finance Limited is a housing finance company that sells home loans, loans against property, lease rental discounting and developer finance to retail and commercial clients. Sensitive to: policy rate cuts and margin on floating-rate loans.
Business-model card
FY2026 · 40 verified
6Revenue
4Channels
2Regulators
3Reg. dependencies
6Sensitivities
4Costs
2Geographies
Bajaj Housing Finance Limited is a housing finance company that sells home loans, loans against property, lease rental discounting and developer finance to retail and commercial clients. It earns mainly interest on loans, with additional fee, service and insurance-distribution income.
Revenue engine
6 verified
Retail (Prime) home loans and loans against property
Dedicated front-end teams serve the prime segment through direct and intermediary channels, with credit, collateral, operations and risk policy functions behind them.
Retail (Near Prime and Affordable Housing)
A newer vertical that extends lending from prime to near-prime and affordable customers, with its own front-end team and regional or centralised credit hubs.
Commercial lease rental discounting and construction finance
Commercial clients are served by dedicated teams with subject-matter expertise in lease rental discounting and construction finance.
3 more statements
Interest income on loans
Interest income is recognised using the effective interest rate method on financial assets at amortised cost or FVOCI; the company's core earnings are from lending interest.
Distribution income (fees and service income)
Reported as fees and service income, with amounts of 214.02 crore in FY2026 against 145.08 crore in FY2025 in the revenue-from-contracts table.
Commission income from life insurance intermediation
Commission on life insurance products sold through the company, reported separately under IRDAI disclosure, at 212.28 crore in FY2026 against 114.70 crore in FY2025.
Customers & channels
4 verified
Retail borrowers across salaried, self-employed and professional segments
Retail product suite covers purchase, resale, self-construction and balance transfer for prime as well as non-prime customers.
Direct sourcing channel
Developer relationships, self-sourcing and digital partners feed the direct channel, with the stated aim of improving penetration across these channels.
Indirect sourcing through intermediaries
Channel partners, connectors, direct selling agents and aggregators source loans; field teams work to grow wallet share with each intermediary and onboard new partners.
1 more statement
Concentration of revenue by customer
No single customer represents 10% or more of total revenue, which limits dependence on any one borrower.
Regulators
2 verified
Reserve Bank of India and National Housing Bank
Issue the rules, directions and guidelines that apply to the company as a housing finance company, including capital adequacy norms.
Insurance Regulatory and Development Authority (IRDA)
Governs the insurance intermediation income the company earns, under the Insurance Act and IRDA Act.
Regulatory dependencies
3 verified
Capital adequacy norms prescribed by the RBI
Interpretation: a failure to comply would constrain lending capacity and therefore loan-interest revenue; the excerpt lists compliance as a risk factor.
Regulatory changes to the company's businesses
Material changes in regulations governing the company's businesses are listed as a factor that could make results differ materially.
RBI and NHB penalties
No penalty was imposed by NHB, RBI or other regulators in FY2026 or FY2025; a penalty would be a direct cost.
Sensitivities
6 verified
Policy rate cuts and margin on floating-rate loans
Falling rates lower portfolio yield on floating-rate loans, squeezing margin; the excerpt says the rate cuts intensified margin pressure in housing finance.
Interest rate sensitivity of loans and borrowings
At 31 March 2026, a 1% increase is shown as +1,236.77 crore impact on loans and -501.34 crore on borrowings (other than debt securities) in profit; a 1% decrease reverses these.
Policy rate reduction in the year
The policy rate fell from 6.25% to 5.25% over the year, through three cuts in April, June and December 2025.
3 more statements
Portfolio attrition in a falling-rate cycle
Prolonged downward rates and competitive intensity are cited as a risk of higher portfolio attrition.
Real estate market and collateral values
Rising inventories, vacancy or a sharp fall in property prices are cited as hurting credit offtake and delinquency.
Crude oil and energy import shock
March 2026 West Asia crisis impacted crude oil pricing and energy imports; the excerpt links this to adverse macro conditions affecting borrowing cost and liquidity.
Cost inputs
4 verified
Finance cost on borrowed funds
Interest on debt securities and on borrowings other than debt securities; total finance cost is the main cost line.
Loan sourcing fees paid to a related party
Fees are determined on an arm's length basis for loan sourcing and allied services; no bidding process is used.
Outsourcing and back-office expenses
Reported at 45.13 crore in FY2026 against 36.00 crore in FY2025 within other expenses.
1 more statement
Information technology expenses
Reported at 43.15 crore in FY2026 against 39.71 crore in FY2025 within other expenses.
Geographies
2 verified
Domestic India only
The company operates in a single geographical segment, domestic, with no export business.
18 states and 2 union territories
Operations are across 18 states and 2 union territories, with 226 offices including the corporate office and branches as on 31 March 2026.
Each statement is checked word for word against the FY2026 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (29 Jul 2026).
Change log
6 entries · newest first
- Results filedQ1 FY2027 results filed.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored; P/E vs own history: 0 of 36 months of P/E history.
- FlagsWATCH on 15 of 22 lender flags judged; 1 red; 7 could not be judged.
- History breakFY2023 step year (revenue +50%, shares +37%) in the 5-year growth figures: those figures span the accounts before and after it.
- Data gapsDividend yield, PEG (vendor), Business quality, Gross NPA, Net NPA, Provision coverage and 4 more: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓25 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2026 · 40 verified
Questions people ask
What is Bajaj Housing Finance's share price today?
Bajaj Housing Finance last traded at ₹81.29 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.3% on the day, down 25.0% over a year. Its 52-week range is ₹73 to ₹112. The live price is in the app.
What is Bajaj Housing Finance's market cap?
Bajaj Housing Finance's market capitalisation is about ₹67,917 crore: what it would cost to buy every share at today's price. That makes it the 53rd largest mid cap company we cover.
Is Bajaj Housing Finance Ltd a large cap, mid cap or small cap?
Bajaj Housing Finance Ltd (BAJAJHFL) is a mid cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is Bajaj Housing Finance Ltd's P/E ratio?
25.24, vs peers 13.1 · 9th of 9. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is Bajaj Housing Finance Ltd overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 25.2 vs peers 13.1 (9th of 9); P/B 2.7 vs peers 1.8 (10th of 10).
How does Bajaj Housing Finance Ltd make money?
Bajaj Housing Finance Limited is a housing finance company that sells home loans, loans against property, lease rental discounting and developer finance to retail and commercial clients. It earns mainly interest on loans, with additional fee, service and insurance-distribution income.
Why is there no Altman Z or debt to equity for Bajaj Housing Finance?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are Bajaj Housing Finance Ltd's peers?
Compared with 9 Housing Finance Company: LIC Housing Finance Ltd, PNB Housing Finance Ltd, Aadhar Housing Finance Ltd, Sammaan Capital Ltd, Home First Finance Company India Ltd and 4 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did Bajaj Housing Finance do last quarter?
Bajaj Housing Finance reported income of ₹3,063 Cr, up 16.7% on a year earlier and a net profit of ₹715 Cr, up 18.4% in the Jun 2026 quarter.
Who owns Bajaj Housing Finance?
Bajaj Housing Finance is held by promoters 86.7%, foreign institutions 0.9%, domestic institutions 1.0%.
What do analysts say about Bajaj Housing Finance?
16 analysts cover Bajaj Housing Finance, and the consensus is hold. A consensus is a count of opinions, not a forecast; read it beside the numbers.