Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 419193.25 Crore) operating in NBFC sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 6743.01 Crore, down -1.63 % from last quarter Total Income of Rs 6854.94 Crore and up 1.40 % from last year same quarter Total Income of Rs 6649.74 Crore. Company reported net profit after tax of Rs 1002.44 Crore in latest quarter.
Investment Rationale
The brokerage expects BAF to deliver ~4.8% RoA/23% RoE over the medium term. Given the positive outlook, the brokerage maintains BUY rating, with a TP of INR7,700 per share (8x 1HFY24E BVPS).
Promoter/FII Holdings
Promoters held 56 per cent stake in the company as of June 30, 2021, while FIIs held 24.2 per cent, DIIs 9.3 per cent and public and others 10.4 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
