BAJAJ FINANCE LTD.

Trendlyne Stock Report

Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

₹7,134.25 (-1.0% ) 52 Week High Low

6187.8
7134.2

8192
Market Cap: 4.4T Avg Daily Volume: 1.6M
NSE | Jun 21, 2024 03:31 PM

DVM SUMMARY

Expensive Performer D V M

These stocks are with medium quality and mid-range technical aspects. However, their financials make them little expensive so choose the right moment to buy them.

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

Bad Medium Good Bad Medium Good Bad Medium Good

40 27 53
0 35 55 100 0 30 50 100 0 35 60 100

ANALYST RECOMMENDATION TRENDLYNE CHECKLIST

Consensus Recommendation Target Price

BUY 8296 (16.28%) 47.8% Passed in checklist
Financials 4 4
18 3 6 1 3

Total : 31 Ownership 2 2
Strong Buy Buy Hold Sell Strong Sell

Peer Comparison 1 2
Current Price
7134.25
Value & Momentum 4 4

Total 11 12
6049 8295.61 10000
Low Est. Avg. Est. High Est.

The consensus recommendation is based on 31 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 companies. consistent growth.

KEY STATISTICS

Ratios Financials
TTM PE Ratio ROE Annual % ROCE Annual % Operating Revenue TTM Revenue Growth Annual YoY Net Profit Annual
%
30.6 18.8 48.9 54963.4 14451.2
32.8
Above industry Median High in industry 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 %
69.2 1.2
- 25.6 0.9 25.6
PEG TTM is much higher
than 1 High in industry Above industry Median
Below industry Median

PRICE VOLUME CHARTS

1 Year Return : -1.0% 5 Year Return : 100.1%

7.5k
8k

5k

7k
2.5k

6k 0

AUG OCT DEC FEB APR JUN JUL JAN JUL JAN JUL JAN JUL JAN JUL JAN

Copyright © Giskard Datatech Pvt Ltd Page 1 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Durability Summary

Durability Score Bajaj Finance Ltd. has a durability score of 40, which indicates Medium Financial Strength.

40 / 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

40
0 35 55 100

Durability Trend Bajaj Finance Ltd. : Jun '23 - Jun '24 Durability v/s Peers

75
Bajaj Finance 40.0

GOOD Jio Financial Services 70.0

50
Cholamandalam Investment & 25.0
Finance Company
MEDIUM
Shriram Finance 35.0
25 SBI Cards and Payment 35.0
Services
Muthoot Finance 35.0

0
Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 Jun '24
Sundaram Finance 45.0

0 10 20 30 40 50 60 70 80

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

Good Medium Bad Maximum Minimum Bajaj Finance Ltd. (40) has third-highest Durability score amongst its peers, behind Sundaram
73.8% 26.2% 0% 70.0 (25 Jan '24) 40.0 (21 Jun '24) Finance Ltd. (45)

Financial Metrics

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

54,982.51 32.8% YoY Mar'24 14,451.17 25.6% YoY Mar'24 4,858.4 20.9% YoY Mar'24 32.8% 6.2% YoY Mar'24
100k 20k 7.5k 50
14451.2 37.4
4858.4 42.6 30.9 32.8
54982.5 11507.7 5k
50k 41405.7 10k 25 18.6
7028.2 2475.6
26385.6 5263.8 2184.2
3995 2.5k 1572.4
1.1
0 0 0 0
9

4
M

M
'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2

'1

'2

'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

ar

ar

ar

ar

ar

ar
M

M
Total Revenue Annual growth is higher than Net Profit Annual growth is lower than Tax Annual growth is stable compared to Revenue Growth Annual YoY % is stable
historical averages. historical averages. historical averages. compared to historical averages.

CAGR 2Y 31.8% CAGR 2Y 43.4% CAGR 2Y 40.1% CAGR 2Y 32.9%

3Y 27.3% 3Y 48.4% 3Y 45.6% 3Y 207.6%
5Y 24.3% 5Y 29.3% 5Y 17.3% 5Y -2.6%

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

70.4% 2.0% YoY Mar'24 25.6% -59.9% YoY Mar'24 14,926.21 31.4% YoY Mar'24 3,824.53 21.1% YoY Mar'24
100 100 20k 6k
70.4 59 63.7 14926.2
69.9 64.7 69 49.4 13378.3
58.9 62 3550.8 3638.9 3824.5
50 31.8 11359.6 4k 3157.8 3436.9
25.6 2973
50 10k
0 -16 2k

0 -50 0 0
2

23

23

23

23

4
9

'2

'2

'2

'2

'2

'2

'2

'2
'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2

n'

p'

n'

p'
ar

ar

ar

ar
ec

ec

ec

ec
ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

Se

Se
Ju

Ju
M

M
D

D
M

Operating Profit Margin Annual % is stable Net Profit TTM Growth % is falling faster Operating Revenues Qtr growth is lower than Net Profit Qtr growth is stable compared to
compared to historical averages. than historical averages. historical averages. historical averages.

CAGR 2Y 6.5% CAGR 2Y -34.2% YoY 31.4% YoY 21.1%

3Y 6.1% 3Y 216.8% QoQ 5.4% QoQ 5.1%
5Y 0.1% 5Y -12.3%

Copyright © Giskard Datatech Pvt Ltd Page 2 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Balance Sheet

Total Assets Annual Total ShareHolders Funds Annual Working Capital Annual

375,741.6 36.5% YoY Mar'24 76,695.4 41.1% YoY Mar'24 72,970.2 -60.9% YoY Mar'24
400k 100k 200k
375741.6 76695.4
186639.4
119324.9
212505.4 54372
200k 164391.1 50k 36918.4 100k 82569.1 72970.2
19697

0 0 0
9

4
'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2
ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar
M

M
Total Assets Annual growth is higher than Total ShareHolders Funds Annual growth is Working Capital Annual is falling faster than
historical averages. higher than historical averages. historical averages.

CAGR 2Y 32.97% CAGR 2Y 32.46% CAGR 2Y -30.79%

3Y 29.87% 3Y 27.6% 3Y -15.12%
5Y 24.78% 5Y 31.24% 5Y -2.44%

Cashflow

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

-72,760.1 -72.7% YoY Mar'24 -7,171.2 30.8% YoY Mar'24 82,415.1 62.6% YoY Mar'24 2,483.8 235.7% YoY Mar'24
0 10k 100k 5k
82415.1
-881
6346.8 2483.8
0 50675 2.5k 1557.8
-29061.5 -428.5 997.5
-50k -42140.4 50k 516.6
34449.3 32239.6 8.8
-10k 0
-8757.6 -10365.3
-72760.1 -1830.7
1826.1
-100k -20k 0 -2.5k
9

4
'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2
ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar
M

M
Cash from Operating Activity Annual is Cash from Investing Activity Annual growth Cash from Financing Annual Activity growth Net Cash Flow Annual growth is higher than
falling faster than historical averages. is higher than historical averages. is stable compared to historical averages. historical averages.

CAGR 2Y -40.18% CAGR 2Y -6.3% CAGR 2Y 59.89% CAGR 2Y 26.27%

3Y -335.49% 3Y -155.78% 3Y 256.03% 3Y 68.77%
5Y -20.15% 5Y -5.92% 5Y 19.06% 5Y 208.77%

Financial Ratios

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

18.8% -11.0% YoY Mar'24 48.9% 231.4% YoY Mar'24 3.8% -8.1% YoY Mar'24 1.2 -61.1% YoY Mar'24
30 75 6 4
3.4
21.2 3.1 3.2
20.3 18.8 48.9 4.2 2.9 3.7
20 16.3 16.1 50 3.8
4 3.2 3.2 3.3
12
2.6 2
10 25 15.2 15.6 12.6 12.4 14.8 1.2
2
0 0
0 0
9

4
'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2
ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24
M

ROE Annual % is falling faster than historical ROCE Annual % is growing faster than RoA Annual % is falling faster than historical Current Ratio Annual is falling faster than
averages. historical averages. averages. historical averages.

CAGR 2Y 8.28% CAGR 2Y 98.7% CAGR 2Y 7.87% CAGR 2Y -41.73%

3Y 16.32% 3Y 57.05% 3Y 14.32% 3Y -28.51%
5Y -1.46% 5Y 26.32% 5Y 3.65% 5Y -16.46%

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

26.3% -5.5% YoY Mar'24 2.1 -9.1% YoY Mar'24 69.2% 2.0% YoY Mar'24
40 3 100
27.8 26.3 2.3 69.3 67.8 69.2
2 2.1 63.7 60.9
21.6 22.2 1.9 57.8
19.9 2 1.8
16.6 1.6
20 50

1
0 0
0
9

4
'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2
ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

M

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

CAGR 2Y 8.76% CAGR 2Y 1.31% CAGR 2Y 6.61%

3Y 16.6% 3Y 8.1% 3Y 6.19%
5Y 3.99% 5Y 1.35% 5Y -0.02%

Copyright © Giskard Datatech Pvt Ltd Page 3 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Key Metrics - Peer Comparison

COMPARISON BAJAJ FINANCE JIO FINANCIAL CHOLAMANDALAM INVESTMENT & SHRIRAM SBI CARDS AND PAYMENT MUTHOOT SUNDARAM
LTD. SERVICES LTD. FINANCE COMPANY LTD. FINANCE LTD. SERVICES LTD. FINANCE LTD. FINANCE LTD.
(1) (2) (3) (4) (5) (6) (7)

Valuation Score 26.7 10.3 25.8 52.0 27.0 44.2 23.3

P/E Ratio TTM 30.6 599.5 34.4 14.4 28.7 15.9 37.0

Forward P/E Ratio 25.3 - 26.7 12.4 24.7 12.8 32.4

PEG Ratio TTM 1.2 0.5 1.2 0.3 4.3 0.8 4.1

Forward PEG Ratio 1.3 - 1.0 0.6 1.6 0.5 1.5

Price to Book Value 5.8 9.4 6.0 2.1 5.7 2.7 4.8

Price to Sales TTM 8.0 359.4 6.2 2.9 4.1 4.6 7.3

Price to Sales Annual 8.1 352.4 5.1 2.4 3.8 3.9 6.3

EV to EBITDA 18.9 405.1 15.8 10.5 16.9 9.0 12.1

Market Cap to Sales 8.1 352.3 5.1 2.4 3.8 3.9 6.3

Price to Free Cash Flow 2483.8 4.8 -66.2 -3750.5 1492.3 -1843.8 357.4

Graham Number 2553.2 22.8 462.1 2414.2 269.0 1246.9 1702.9

Copyright © Giskard Datatech Pvt Ltd Page 4 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Valuation Summary

Valuation Score Bajaj Finance Ltd. has a valuation score of 27, which indicates an Expensive Valuation.

27 / 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.

Expensive Valuation

Bad Medium Good

27
0 30 50 100

Valuation Trend Bajaj Finance Ltd. : Jun '23 - Jun '24 Valuation v/s Peers

100
Bajaj Finance 26.7

75 Jio Financial Services 10.3

Cholamandalam Investment & 25.8

GOOD Finance Company
50

Shriram Finance 52.0

MEDIUM
25 SBI Cards and Payment 27.0
Services

0 Muthoot Finance 44.2

23

23

24

4
'2

'2

'2

'2

'2

'2

'2

'2

'2
l'

'

r'

Sundaram Finance 23.3

ar
ec

b
p

ct

n
g

ov

ay
Ju

Ap
Au

Ju
Se

Fe
Ja
O

M
D
N

0 10 20 30 40 50 60

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

Good Medium Bad Maximum Minimum Bajaj Finance Ltd. (27) has fourth-highest Valuation score amongst its peers, behind SBI Cards
0% 0% 100.0% 27.2 (22 May '24) 15.8 (06 Jul '23) and Payment Services Ltd. (27)

P/E Buy Sell Zone

Bajaj Finance Ltd. has spent 7.3% of the time below the current P/E 30.6. This puts it in the PE
Strong Buy Zone

Strong Buy Zone 7.3% 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 DividendPayoutCP_A Graham Number

30.6 -3.0% YoY Jun'24 8.1 -41.2% YoY Jun'24 0.3 145.9% YoY Jun'24 2,553.2 49.7% YoY Jun'24
100 20 0.4 3k
2553.2
77 73.5 13.8 0.3
11.6 2k 1706.1
9.4
50 10 8.1 0.2 0.2 1167.4
31.5 30.6 0.1 823.2 898.8
24.2 5 0.1 1k
0.1

0 0 0 0
Mar'20 Mar'21 Mar'22 Mar'23 Jun'24 Mar'20 Mar'21 Mar'22 Mar'23 Jun'24 Mar'20 Mar'21 Mar'22 Mar'23 Jun'24 Mar'20 Mar'21 Mar'22 Mar'23 Jun'24

PE_TTM growth is higher than historical Price To Sales Annual is falling faster than Graham Number growth is stable compared
averages. historical averages. to historical averages.
CAGR 2Y 20.8%
CAGR 2Y -29.5% CAGR 2Y -23.3% 3Y - CAGR 2Y 36.0%
3Y -23.8% 3Y -11.2% 5Y 15.7% 3Y 36.4%
5Y -6.6% 5Y -2.9% 5Y 28.5%

Copyright © Giskard Datatech Pvt Ltd Page 5 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Momentum Summary

Momentum Score Bajaj Finance Ltd. has a Momentum score of 53, which indicates that it is Technically Neutral.

53 / 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

53
0 35 60 100

Momentum Trend Bajaj Finance Ltd. : Jun '23 - Jun '24 Momentum v/s Peers 21 Jun '24

100
Bajaj Finance 53.2

75 Jio Financial Services 68.6

GOOD
Cholamandalam Investment &
65.2
50 Finance Company

MEDIUM Shriram Finance 67.6

25 SBI Cards and Payment 50.2
Services

0 Muthoot Finance 59.4

23

23

24

4
'2

'2

'2

'2

'2

'2

'2

'2

'2
l'

'

r'

Sundaram Finance 66.7

ar
ec

b
p

ct

n
g

ov

ay
Ju

Ap
Au

Ju
Se

Fe
Ja
O

M
D
N

0 10 20 30 40 50 60 70 80

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

Good Medium Bad Maximum Minimum Bajaj Finance Ltd. (53) has sixth-highest Momentum score amongst its peers, behind Muthoot
23.8% 69.4% 6.9% 68.8 (29 Sep '23) 30.9 (04 Jun '24) Finance Ltd. (59)

Price Change Analysis Key Momentum Metrics

LTP : 7134.25 RSI MFI

1 Day 7075 7265

54.4 58.8
1 Week 7075 7429.45
RSI is 54.4, RSI below 30 is considered oversold MFI is 58.8, MFI below 30 is considered
and above 70 overbought oversold and above 70 overbought
1 Month 6375.7 7429.45

3 Months 6375.7 7429.45

MACD MACD Signal Line
6 Months 6187.8 7830
110 86.8
1 Year 6187.8 8192
MACD is above its center and signal Line, this MACD is above its center and signal Line, this
3 Year 5220 8192 is a bullish indicator. is a bullish indicator.

5 Year 1783 8192

ATR
1k 2k 3k 4k 5k 6k 7k 8k 9k

177.6

Simple Moving Averages Exponential Moving Averages

Bajaj Finance Ltd. is trading above 5 out of 8 SMAs. Bajaj Finance Ltd. is trading above 5 out of 8 EMAs.

BEARISH BULLISH BEARISH BULLISH

3/8 5/8 3/8 5/8

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 7250.3 50Day SMA 6953.7 5Day EMA 7202.4 26Day EMA 7030

10Day SMA 7218.3 100Day SMA 6840.3 10Day EMA 7162.9 50Day EMA 6967.2

20Day SMA 7004.8 150Day SMA 7010.9 12Day EMA 7140 100Day EMA 6970.7

30Day SMA 6912.7 200Day SMA 7168 20Day EMA 7065.7 200Day EMA 7003

Copyright © Giskard Datatech Pvt Ltd Page 6 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Momentum Oscillators Pivot Support & Resistances

Bajaj Finance Ltd. is trading above 5 out of 9 Oscillators in bullish zone. Bajaj Finance Ltd. at 7134.25 is trading below it's Pivot 7158.08.

BEARISH NEUTRAL BULLISH 7500

R3 - 7431.2
3/9 1/9 5/9 7400
R2 - 7348.1
Bullish v/s Bearish Oscillators 7300
(if an oscillator is in its negative range, it is considered bearish)
R1 - 7241.2
7200

LTP - 7134.3 PIVOT - 7158.1

RSI(14) 54.4 MACD(12, 26, 9) 110.0
7100
Stochastic Oscillator 77.4 Stochastic RSI 73.1 S1 - 7051.2
7000
CCI 20 47.8 William -28.0 S2 - 6968.1

Awesome Oscillator 354.6 Ultimate Oscillator 51.4 6900

S3 - 6861.2
Momentum Oscillator 208.4
6800

Neutral Bullish Bearish

Volatility Metrics

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

1.17 1.25 0.92 0.27 13.6 7004.8

beta value for 3 month indicates price tends to be more volatile than the market

Daily Volume Analysis Active Candlesticks

Daily average delivery volume over the past week is 44.7%

Bullish Candlestick Pattern Bearish Candlestick Patterns
21 Jun, 2024 782.3K 1.6M
No active candlesticks No active candlesticks
Week 449.1K 1.0M

Month 697.1K 1.4M

0 250k 500k 750k 1 000k 1 250k 1 500k 1 75…

Combined Delivery Volume NSE+BSE Traded Volume

Daily Avg. Delivery Volume %

21 Jun, 2024 Week Month

48.9% 44.7% 51.0%

Copyright © Giskard Datatech Pvt Ltd Page 7 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Checklist Summary

Trendlyne Checklist Score

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

Financial Value & Momentum

4 criteria met | 4 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? Yes
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? Yes
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? No
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? No
Yes 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
Yes 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

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

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

No
Insider have not sold stock in the past 3 months

Copyright © Giskard Datatech Pvt Ltd Page 8 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Forecaster

Consensus Recommendation Share Price Target

Consensus Recommendation Share Price Target (Avg)

BUY ₹8295.61 (16.3% upside)
11k

10k 10000.0

9k
20 19 18
19
18 19 8295.6
8k

4 4 3 7k
4 5
4 6
3 3 5 5
3 6k 6049.0
2
2 3 3 3 3
2024-01-31 2024-02-29 2024-03-31 2024-04-30 2024-05-12 2024-06-20 5k
FY22 FY23 FY24 FY25 FY26
Strong Buy Buy Hold Sell Strong Sell
Future Avg. Estimate High Estimate Low Estimate

The consensus recommendation from 31 analysts for Bajaj Finance Ltd. is BUY

Bajaj Finance Ltd.'s share price target is above the current price, with an upside of 16.3%

Key Metrics - Average Estimates Actual Revenue Avg. Estimate

EPS Net income Depreciation & amortization

600 30k 1000

358.7 17472.5 22260.0 558.2 785.8
281.8 21.4% 14375.3 17.3% 22.4% 13.0%
232.9 16.3% 11286.9 0.5%
400 185.7 1.3% 20k 750 456.3
2.0%
116.3 2.1% 6999.7 6.4%
387.4
-0.5% 0.4%
-0.7%
200 10k 500

0 0 250
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25

-0.5% 2.1% 1.3% 16.3% 21.4% 0.4% 2.0% 0.5% 17.3% 0% -0.7% 6.4% 22.4% 13.0%
Surprises Estimate Surprises Estimate Surprises Estimate

EPS is expected to grow by 19.4% in FY25 Net income is expected to grow by 20.9% in FY25 Depreciation & amortization is expected to grow by 15.0% in
Bajaj Finance Ltd.'s EPS was higher than average estimate 2 Bajaj Finance Ltd.'s Net income was higher than average FY25
times in past 3 years estimate 3 times in past 3 years Bajaj Finance Ltd.'s Depreciation & amortization was higher
than average estimate 2 times in past 3 years

Cash flow per share Dividend per share EBIT

500 75 60k
42.5 52.0 37733.3
33.4 29948.1
15.3% 18.3% 20.6%
22.1 7.8% 23936.5 20.1%
0 50 35.9% 40k 18458.4 0.0%
162.9 13.8 14080.5 1.4%
-474.4% 45.2% 1.6%
-500 25 20k

-1000 0 0
FY22 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

-474.4% 45.2% 35.9% 7.8% 15.3% 18.3% 1.6% 1.4% 0.0% 20.1% 20.6%

Surprises Surprises Estimate Surprises Estimate

Bajaj Finance Ltd.'s Cash flow per share was lower than average Dividend per share is expected to grow by 18.1% in FY25 EBIT is expected to grow by 25.1% in FY25
estimate 1 time in past 1 year Bajaj Finance Ltd.'s Dividend per share was higher than average Bajaj Finance Ltd.'s EBIT was higher than average estimate 3
estimate 3 times in past 3 years times in past 3 years

Copyright © Giskard Datatech Pvt Ltd Page 9 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Forecaster Actual Revenue Avg. Estimate

Revenue Cash EPS

75k 400
44970.4 56207.9 345.4
36163.5 19.4% 20.0% 17.7%
28421.7 0.3% 350 284.2
50k 21990.8 1.5% 13.0%
246.0
-0.5% 300 0.5%
25k
250

0 200
FY22 FY23 FY24 FY25 FY26 FY24 FY25 FY26

-0.5% 1.5% 0.3% 19.4% 20.0% 0.5% 13.0% 17.7%

Surprises Estimate Surprises Estimate

Revenue is expected to grow by 24.0% in FY25 Cash EPS is expected to grow by 15.0% in FY25
Bajaj Finance Ltd.'s Revenue was higher than average estimate 2 Bajaj Finance Ltd.'s Cash EPS was higher than average estimate
times in past 3 years 1 time in past 1 year

Copyright © Giskard Datatech Pvt Ltd Page 10 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Shareholding Summary Shareholding Trend

100%

Promoter 54.7% 93.9% 93.9% 93.9% 93.9%

55.9% 55.9% 54.8% 54.8% 54.7%

DII 17.8%
50%

FII 17.1%
16.7% 17.0% 18.0% 17.6% 17.1%

Public 10.2% -% -% -% -% -%
0%
Jun 2023 Sep 2023 Nov 09, 2023 Dec 2023 Mar 2024

Others 0.2% Promoter Pledges as % of promoter shares (%)

Locked as % of promoter shares (%) FII
0% 10% 20% 30% 40% 50% 60%
DII

Retail investors (Promoter) form the biggest shareholding segment Promoter , Pledges as % of promoter shares (%) , Locked as % of promoter shares (%) , FII , DII
, over the Mar 2024 quarter

Mutual Fund Holding and Action

400 Promoters have decreased holdings from 54.78% to 54.69% in Mar 2024 qtr

331.0 338.0 333.0 330.0

320.0 320.0 Mutual Funds have decreased holdings from 9.83% to 9.56% in Mar 2024 qtr
300
Number of MF schemes increased from 39 to 40 in Mar 2024 qtr.

200 FII/FPI have decreased holdings from 17.56% to 17.14% in Mar 2024 qtr
125.0 121.0
100.0 103.0 109.0
99.0 Number of FII/FPI investors decreased from 1255 to 1205 in Mar 2024 qtr
100 76.0 80.0 71.0
59.0 62.0

Institutional Investors have decreased holdings from 35.00% to 34.95% in Mar

0 2024 qtr
Dec-2023 Jan-2024 Feb-2024 Mar-2024 Apr-2024 May-2024

Net Holders Bought some / all Sold some / all

Major Shareholders Bajaj Finance Ltd. : Mar '24

Promoters DII

Name Shares % Change % Name Shares % Change %

BAJAJ FINSERV 51.3% - GOVERNMENT OF 3.4% -47.9%

LIMITED SINGAPORE

MAHARASHTRA 3.1% -0.3% SBI Mutual Fund 3.1% -0.0%

SCOOTERS LIMITED

Bulk / Block Deals

Date Client Name Deal Type Action Avg Price Qty Exchange

16 Nov'23 AIA INTERNATIONAL LIMITED Block Sell 7,293.3 15,139 BSE

16 Nov'23 AIA VCC - AIA ASIAN EQUITY FUND Block Purchase 7,293.3 15,139 BSE

26 Oct'23 AIA INVESTMENT TRUST AIA SINGAPORE PARTICIPATING FUND HERITAGE USD Block Sell 7,442.3 712 BSE

26 Oct'23 AIA INVESTMENT TRUST AIA SINGAPORE PARTICIPATING FUND USD Block Sell 7,442.3 978 BSE

26 Oct'23 AIA INVESTMENT TRUST AIA SINGAPORE PARTCIPATING FUND HERITAGE SGD Block Sell 7,442.3 375 BSE

26 Oct'23 AIA INVESTMENT TRUST-AIA SINGAPORE PARTICIPATING FUND SGD Block Sell 7,442.3 12,936 BSE

26 Oct'23 AIA VCC - AIA ASIAN EQUITY FUND Block Purchase 7,442.3 15,001 BSE

20 Oct'23 GRANDEUR PEAK EMERGING MARKETS OPPORTUNITIES FUND Block Sell 7,842.6 34,611 BSE

20 Oct'23 GRANDEUR PEAK INTERNATIONAL STALWARTS FUND Block Sell 7,842.6 166,934 BSE

20 Oct'23 GRANDEUR PEAK GLOBAL STALWARTS FUND Block Sell 7,842.6 6,796 BSE

Copyright © Giskard Datatech Pvt Ltd Page 11 of 14 All rights reserved

 BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

Insider Trading / SAST

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

20 Jun'24 Pooja Kalani Employees Immediate Relative Insider Trading Disposal 7,225 200 Market Sale

14 Jun'24 Bajaj Allianz General Insurance Company… Promoter Group Insider Trading Acquisition 7,298 34,000 Market Purchase

14 Jun'24 Bajaj Allianz General Insurance Company… Promoter Group Insider Trading Acquisition 7,259.4 14,000 Market Purchase

15 May'24 Bajaj Allianz Life Insurance Company Lim… Promoter Group Insider Trading Acquisition 100,000 15,000 Market Purchase

13 May'24 Bajaj Finserv Limited Promoter Insider Trading Acquisition 100,870 30,000 Market Purchase

22 Mar'24 Bajaj Allianz Life Insurance Company Lim… Promoter Group Insider Trading Acquisition 100,000 5,000 Market Purchase

12 Mar'24 RAJEEV JAIN Director Insider Trading Disposal 6,450 185,074 Market Sale

12 Mar'24 RAJEEV JAIN Director Insider Trading Revoke 6,450 185,074 Pledge Released

12 Mar'24 RAJEEV JAIN Director Insider Trading Pledge 6,450 185,074 Creation Of Pledge

12 Mar'24 RAJEEV JAIN Director Insider Trading Acquisition 1,688.3 185,074 ESOP

Copyright © Giskard Datatech Pvt Ltd Page 12 of 14 All rights reserved

BAJAJ FINANCE LTD. Trendlyne Stock Report
Finance (including NBFCs) Jun 21, 2024 03:31 PM
Banking and Finance

ABOUT THE COMPANY

Bajaj Finance Ltd.

Bajaj Finance is one of India’s leading and most diversified financial services companies.The Company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and
commercial customers with a significant pres
website: www.aboutbajajfinserv.com/finance-about-us

BRANDS OWNED BY THE COMPANY

Bajaj Finance

MANAGEMENT INFORMATION

Sandeep Jain Vijay R Manish Jain Atul Jain

Chief Financial Officer Company Secretary Chief Executive Officer Managing Director

DIRECTOR INFORMATION

Rajeev Jain Sanjiv Bajaj Anami Roy Pramit Jhaveri

Managing Director Chairman (Non-Executive) Independent Director Independent Director

180.4M 2023 8.1M 2023 6.3M 2023 6.0M 2023

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

Copyright © Giskard Datatech Pvt Ltd Page 13 of 14 All rights reserved

 BAJAJ FINANCE LTD.
Finance (including NBFCs)
Banking and Finance
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
Jun 21, 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.
Page 14 of 14 All rights reserved