For the last few months, Bajaj Finance’s share price has been fluctuating immensely. Someday it touches the sky, while the other day, it just falls on the ground. Well, we know that the stock market is quite volatile, so it is quite a common sight.
Adding another feather to its cap, the corporation became the eighth largest company in the Indian market.
Bajaj Finance Limited (BJL) has been putting its best foot forward to build a digital community for the credit and lending businesses. And to smoothen the process, it offers all of its services under one application. The app helps customers get EMI cards, repay loans, track their investments, house insurance, FDs, etc., in the simplest way possible.
Since its establishment, the company has lost and achieved a lot of things. To know what they are, you must read this blog thoroughly.
Bajaj Finance Share Price
Bajaj Finance’s share price today, i.e., on 4 March 2022 at 18:38 hours is ₹6,537.90. Glance through the table below to get a gist of Bajaj Finance`s share price today at NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
|52 Week High||8,050.00||8,043.50|
|52 Week Low||4,362.00||4,361.60|
View the graph below to have an idea of Bajaj Finance’s share price:
Bajaj Finance Company Information
Bajaj Finance Limited is an Indian NBFC (Non-Banking Financial Company) headquartered in Pune, Maharashtra. It is a subsidiary of Bajaj Finserv and deals in wealth management, SME (small and medium-sized enterprises), commercial lending, and consumer finance.
The company owns 294 consumer branches and 497 rural zones with more than 33,000 distribution centers. And as discussed at the beginning, the cooperation has overtaken the market cap of one of the largest home financing companies in India and has become the eighth largest company in the country.
The market capitalization of Bajaj Finance Limited became ₹4.18 lakh crore. For future growth, the corporation anticipates investments from global giants for technology and capital partnerships.
History of Bajaj Finance Limited
Initially, the company commenced as Bajaj Auto Finance on 25 March 1987. It registered itself as a non-banking company that solely focused on offering two and three-wheeler finance.
However, after eleven years of its existence in the auto finance market, the corporation listed itself on the National Stock Exchange and the Bombay Stock Exchange. And so, the company launched its initial public issue of equity shares.
In 2000, the company embarked on the finance industry. In the following years, the corporation diversified into business as well as property loans.
In 2010, the company changed its name to Bajaj Finance Limited. Until now, the company has achieved a lot and continues to impress investors with its incredible performance year over year.
Important Timelines of Bajaj Finance Limited
Since its inception, the company has gone through a substantial change. To have a deep insight of the same, let’s take you through Bajaj Finance’s journey, to be precise, year by year timeline.
March 1987- Incorporated as Bajaj Auto Finance Limited
October 1987- Becomes a deemed public company
September 1988- Registers as a Public Limited Company
1992- Proposal to enter other financial areas such as Bill Discounting
1993- Issue of Commercial Papers for the first time
1996- Bagged credit rating of FAA+ from CRISIL for its Fixed Deposit Schemes.
1998- Company registers with the RBI (Reserve Bank of India) as a Non-Banking Company
1999- Dematerialisation of Shares, Joins the NSDL (National Securities Depository Limited)
2000- Surpassed annual disbursement of ₹ 500 Crores
2002- Mr Dipak Poddar reappointed as the company’s Managing Director
2004- Conglomeration with Bajaj Auto Finance for finance scheme on Intel Pentium 4 PC
2008- The shareholder’s fund crosses a milestone of ₹ 1000 Crores
2010- The company changes its name from Bajaj Auto Finance Limited to Bajaj Finance Limited
2011- Bajaj Auto Finance Ltd. – Board suggests a Dividend of Rs 10 per share (100%)
2012- Launch of India’s first and only EMI (Existing Member Identification) Card and the Flexisaver
2013- Issues Rights in the Ratio of 3:19
2014- Acquires Bajaj Financial Solutions for ₹ 17 Crores
2015- Bajaj Finance subsidiary obtains a licence from National Housing Bank (NHB) to operate housing finance business from NHB
2016- Launches gold loans for an urban market
2017- Picked up a stake in Mobikwik- a mobile wallet company
2018-2019- Received a long-term issuer credit rating of BBB, a short term issuer credit rating of A-3 by S&P Global Ratings
2019-2020- The company’s geographical spread extended and AUM (Assets Under Management) grew to ₹ 1,47,153 Crores by 27% YOY.
Management of Bajaj Finance Limited
If you are seeking inspiration from the company’s management, Bajaj Finance Limited could be the one you should refer to. Every core member excels in their domain and is highly educated. Besides, all of them have impressive experience in their respective fields which make them the perfect candidate for the position they hold.
Don’t believe us? Just look at the growth rate of the company and its performance at the stock exchanges. The company has been performing incredibly well.
We have described the names and designations of prime team members of the company in the table below:
|Sanjiv Bajaj||Chairman |
|Rajeev Jain||Managing Director|
|Sandeep Jain||Chief Financial Officer|
|Anup Saha||Deputy Chief Executive Officer|
|D J Balaji Rao||Director|
|R Vijay||Co. Secretary & Compl. Officer|
Bajaj Finance Limited Company Location
Although there are a number of branches of this company all over India, its registered office or headquarter is located in Pune.
Bajaj Finance Limited
3rd Floor, Panchshil Tech Park,
Plot 43/1, 43/2 & 44/2,
Viman Nagar Pune,
Bajaj Finance Company Performance
Like any other company, BJL also had to go through trying times and had to maneuver through a troublesome year due to the COVID-19 pandemic. In spite of an extremely high level of losses in FY2021, the company rendered a return on assets and equity of 3.1% and 12.8%, respectively, on a consolidated basis.
However, if you concentrate on its capital-to-risk weighted asset ratio (CRAR), you will find that the company stays well capitalized. In fact, it has a CRAR of 28.31% as of March 2021. With this, it continues to be the best capitalized large Non-Banking Financial Company in India.
The corporation is considered to be one of the early movers to make transitions to digital processes in the financial sector. The company transformed from a “Brick-and-mortar” business to ‘Digital’ in an effortless and seamless manner.
Besides this, the company has performed incredibly well in different areas and generated excellent returns. Enlisted below are some of the consolidated performances for the financial year 2021.
- BFL booked a total of 16.88 million new loans.
- AUM (Assets under Management) grew by 4% to Rs. 152,947 Crores.
- Net interest income surged up by 2% to Rs. 17,269 Crores.
- Total income increased by 1% to Rs. 26,683 Crores.
- PPOP (Pre-provision operating profit) grew by 6% to Rs. 11,961 Crores.
- Total operating income to net interest income boosted to 30.7% from 33.5% in FY2020.
- PAT (Profit After Tax) decreased by 16% to Rs. 4,420 Crores.
- Loan losses and provisions (or impairment of financial instruments) escalated by 52% to Rs 5,969 Crores.
As of 31 March 2021, Capital Adequacy Ratio stood at 28.31%. Tier I adequacy ratio stood at 25.11%. Bajaj Finance Limited Stock Prices & Returns in 2020 and 2021.
If you check out the table given below, you will find that Bajaj’s finance share price at the beginning of 2020 was ₹ 4,365.90. By the end of the year, Bajaj Finance Ltd’s share price escalated to ₹ 5,295.20.
It is pretty obvious from the numbers that if somebody bought the shares of Bajaj Finance in January 2020 and sold it in December 2020, they might have made profitable returns. Obviously, it depends on the number of shares one holds.
More shares mean more profit. Nevertheless, if the company`s share price had taken a dip, you would have witnessed a significant loss with more shares.
Let’s have a quick look at the table below that depicts the Bajaj Finance share price history for the years 2020 and 2021.
Note: The share price of Bajaj Finance Limited reached an all-time high of ₹ 8,050 on 17 October 2021, however, the price dropped gradually.
If we talk about January 2021, the numbers aren’t as good as they should be. The Bajaj Finance stock price in Jan 2021 seemed less than that of December 2020. However, the stock performed well throughout the year and ended up with a better share price. In fact, the stock price of Bajaj Finance reached an all-time high in October 2021.
This again signifies that if somebody bought Bajaj Finance’s stock at the beginning of 2020, the person would have surely earned excellent returns in 2021.
Bajaj Finance Limited Listings and Indices
Bajaj Finance Limited is listed on some major stock exchanges in India. Besides that, it is registered on the international stock exchange as well. The listing details of Bajaj Finance are furnished in the table below:
|BSE Group ||A|
|Market Lot of Equity Shares||1|
|Incorporation Date||25 March 1987|
|Public Issue Date||25 March 1994|
Listing on Stock Exchanges
Bajaj Finance is listed on a total of ten stock exchanges in India. You can find them enlisted below:
- Bangalore Stock Exchange Ltd.
- Calcutta Stock Exchange Association Ltd.
- Cochin Stock Exchange Ltd.
- Delhi Stock Exchange Assoc. Ltd.
- Jaipur Stock Exchange Ltd.
- Madras Stock Exchange Ltd.,
- MCX Stock Exchange
- National Stock Exchange of India Ltd.
- Bombay Stock Exchange
- Uttar Pradesh Exchange Assoc Ltd.
Part of Indices
Bajaj Finance Limited forms a part of the following indices:
- Nifty 100
- Nifty 100 Liquid 15
- Nifty 200
- Nifty 50
- Nifty 50 Equal Weight
- Nifty 500
- NIFTY 500 Multicap 50:25:25 Index
- Nifty Financial Services
- Nifty Financial Services 25/50
- Nifty High Beta 50
- Nifty LargeMidcap 250
- Nifty Services Sector
- Nifty100 Equal Weight
- NIFTY100 Quality 30
- Nifty200 Momentum 30 Index
- S&P BSE 100
- S&P BSE 100 LargeCap TMC Index
- S&P BSE 200
- S&P BSE 250 LargeMidCap Index
- S&P BSE 500
- S&P BSE AllCap
- S&P BSE Carbonex
- S&P BSE Diversified Financials
- S&P BSE Dividend Stability Index
- S&P BSE Dollex - 200
- S&P BSE Finance
- S&P BSE Greenex
- S&P BSE LargeCap
- S&P BSE LargeMidCap
- S&P BSE Sensex
- S&P BSE Sensex 50
Should You Invest in Bajaj Finance Limited?
Bajaj Finance is growing at an exponential rate. However, 2022 may prove to be a dull year for the company and could be contemplated as a quarantine stock, according to some experts.
If we talk about investment, then the company offers higher interest rates than most FD providers in India. This makes it the best and ideal deal for people to invest in Bajaj Finance Fixed Deposits in the long run.
If you invest today, you can lock in the interest rate. By doing so, you can save yourself from any subsequent fall in interest rates in the future.
Moreover, the company deals in more than one sector, which signifies that it has a promising future prospect. Bajaj Finance deals in six different sectors categories, namely- consumer finance, SME finance, rural lending, commercial lending, partnership and services.
So, even if one sector goes down, there are others to save it from falling into the pit. It will never be like that the company will go bankrupt completely. Besides that, the company management is well-qualified and experienced, which is another factor to consider while choosing to invest in a stock.
Long story short, Bajaj Finance can turn out to be a worthwhile investment choice in the long run.
Considering the growth rate and share prices for the last few years, we can infer that Bajaj Finance has been a very good stock in terms of returns and company performance. If somebody is seeking a stock that can return them with a handsome profit after 5 to 10 years, BFL is the ultimate choice.
Moreover, Bajaj Finance share prices have also crunched impressive numbers for the last few years. In fact, the stock touched an all-time high of ₹ 8,050 on 17 October 2021. If we believe stock market experts, the stock price of Bajaj Finance will very soon trade above ₹ 8000. Therefore, if you are planning to invest in a stock that will give you a better return in the future, Bajaj Finance Limited could be your go-to choice.
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