Bajaj Housing Finance Ltd is a parent company of Bajaj Finserv Ltd. Bajaj Housing Finance Ltd is a major player in the housing finance industry. It is a profitable company and has made profits over the years. The revenue or earnings of the company also improving. Interested in investing housing finance industry? the post-Bajaj Housing Finance share price target for 2024, 2025, and 2026 may help you make better decisions.
The issue size of the IPO was Rs. 6,560 Crore and the price range is set to Rs. 66 to Rs. 70. Bajaj Housing Finance Ltd stock is listed in the NSE and BSE on 16 Sept 2024 at the premium of 114% and also hits its 10% upper circuit. It’s a massive return for the people who have been allotted the IPO.
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About Bajaj Housing Finance Ltd
Bajaj Housing Finance Ltd company was founded in June 2008. The company is the subsidiary of Bajaj Finance and Bajaj Finance is the subsidiary of Bajaj Finserv Ltd. In short, Bajaj Housing Finance is a subsidiary of Bajaj Finserv Ltd.
Bajaj Housing Finance Ltd is involved in the business of providing loans to individuals and businesses for the buying, construction, and renovate their homes. Developers also take loans to complete their real estate projects.
The main source of income from the company is providing loans to borrowers and earning money as an interest in it.
The company is one of the leading players in the housing finance industry. The company offers various products and services to businesses, individuals, developers, etc like-
- Home Loans
- Developer Finance
- Loan Against Property
- Lease Rental Discounting
- Home Loan Balance Transfer
- Loan Against Property Balance Transfer
The company also offers various calculators to calculate various things like Home Loan EMI, Home Loan Repayment, and many more. Some of the Bajaj Housing Finance calculators are listed below-
- Home Loan EMI Calculator
- Home Loan Eligibility Calculator
- Home Loan Repayment Calculator
- Loan Against Property EMI Calculator
- Loan Against Property LTV Calculator
- Home Loan Balance Transfer Calculator
Bajaj Housing Finance Ltd’s Scrip Info
| NSE | BAJAJHFL |
| BSE | 544 |
| ISIN | INE377Y01014 |
| SECTOR | FINANCE – HOUSING |
Company Analysis
Below you’ll find Bajaj Housing Finance Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹462 |
| Sep 2023 | NA |
| Dec 2023 | NA |
| Mar 2024 | ₹381 |
| Jun 2024 | ₹483 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹421 |
| Mar 2021 | ₹453 |
| Mar 2022 | ₹710 |
| Mar 2023 | ₹1,258 |
| Mar 2024 | ₹1,731 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹NA CR | ROE | 11.90% |
| P/E Ratio (TTM) | 0.00 | EPS (TTM) | 2.24 |
| P/B Ratio | 0.00 | Div. Yield | 0.00% |
| Industry PE | 27.32 | Book Value | 18.82% |
| Debt to Equity | 4.98 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | NA | NA | NA | NA |
| DIIs | NA | NA | NA | NA |
| Public | NA | NA | NA | NA |
| Promoters | NA | NA | NA | NA |
| Other Holders | NA | NA | NA | NA |
Key Insights
- The company has cash of Rs. 64 Crore.
- The company is making profits consistent.
- On the company, there is a debt of Rs. 69,129 Crore.
- Bajaj Housing Finance Ltd is a profitable company.
- The earnings of the company have improved over the years.
- One of the leading companies in the housing finance industry.
Bajaj Housing Finance Share Price Target
Bajaj Housing Finance Ltd is one of the major players in the housing finance sector. Currently, the company is profitable and profits are increasing each year. In a few words, the company is financially strong and one can consider investing in the company for the long term.
In the upcoming years, Bajaj Housing Finance may give massive returns as the Indian housing finance sector/industry can grow rapidly in the future because of low interest rates, urbanization, economic growth, rising income, and many more.
Also, millions of Indians invest money in building houses in the place of renting them. The Indian government is also helping people in various ways to develop the infrastructure.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹220 | ₹250 |
| 2025 | ₹250 | ₹300 |
| 2026 | ₹350 | ₹500 |
Disclaimer: AskDhan or we are not SEBI registered, and this is not a Buying or Selling recommendation. We will not be responsible for any loss or profit. This post is only for educational and learning purposes. All the targets given in the post are based on news, brokerage research, technical analysis, etc. We strongly recommend you talk to your financial advisor before making any decision.
Bajaj Housing Finance Share Price Target 2024
Bajaj Housing Finance has surged more than 135% from its IPO price range. It is because of the massive demand. On the listing day, the stock hits its upper circuit which happens when the investors see a strong future growth in the company.
Bajaj Housing Finance’s share price target for 2024 is bullish but do not expect a big target or move from level. Probably, the stock may continue to go up for the next few more trading days and you can expect a target of Rs. 190 to Rs. 200.
While trading makes you, trade in less quantity, as the circuit is of 10% which means you may face a huge loss in case the trade goes against you.
Bajaj Housing Finance Share Price Target 2025 and 2026
On Bajaj Housing Finance Ltd, there is a very high debt of Rs. 69,129.32 Crore in other term the DEBT to Equity is 4.98. On the other side, the company has cash of Rs. 64.01 Crore which is very low as compared to debt. But still, the company has a good future.
Many things about the company are positive like it is a profitable company, the company is making profits consistently, and growth of more than 400% in net profit in the last 5 years, the net profit of the company is increasing each year, etc.
On the other side, there is tough competition in the finance-housing industry and some of the major players or competitors are HDFC Bank (previous HDFC Ltd), LIC Housing Finance Ltd, Indiabulls Housing Finance Ltd, PNB Housing Finance Ltd, L&T Housing Finance Ltd, ICICI Home Finance Company Ltd, and many more.
In a few words, Bajaj Housing Finance is a good company for investing but there are also many competitors in the industry. You can see the Bajaj Housing Finance share price target near Rs. 300 to Rs. 400 in 2025 and 2026.
It is a recently listed stock, it may take a few weeks to be stable as a lot of investors are buying and selling the stock. So, for investing try making a position when the stock is available at a discount.
FAQs
Bajaj Housing Finance Ltd is a company that provides various loans, products, and services to developers and individuals for buying a home, construction, etc.
The company charges some interest on the money it provided as a loan and this is the business model of the company to earn money.
The company has various types of products and services for different people and requirements. Some products and services are Home loans, Developer Finance, Loan Against Property, Lease rental discounting, and many more.
No doubt, Bajaj Housing Finance is also a leading player in the housing finance industry. Over the years, the company is continually making good profits. In the last 5 years, the net profit of the company has grown by more than 400%.
On the other side, the is very high debt on the company and very little cash as compared with DEBT.
There are also various products, services, and tools for developers and individuals as per their requirements.
In the sector, there is also very tough competition and some of the major players are HDFC Bank (previous HDFC Ltd), LIC Housing Finance Ltd, Indiabulls Housing Finance Ltd, PNB Housing Finance Ltd, L&T Housing Finance Ltd, ICICI Home Finance Company Ltd, and many more.
But after these things, the company is making good profits and continually rising. It is also a good company for long-term investing but you should also analyze other competitors as well for a good investment decision.
The Bajaj Housing Finance Ltd stock is just listed in the stock market and a lot of fundamental data is not available. So, it is hard to predict a target as of now.
Currently, the stock is trading at Rs. 165, and probably the stock can go near Rs. 250 to Rs. 300 by the next year.
As enough data is not available and the stock is just listed so, buying or investing at this price is not recommended as the stock is very volatile for now.
Final Words
Bajaj Housing Finance Ltd is one of the leading players in the housing finance industry. It has been a good and profitable company for the past few years. In the last 4 to 5 years the net profit of the company has grown from Rs. 421.33 Crore (March 2021) to Rs. 1731.22 Crore (March 2024). It looks like in the future the Bajaj Housing Finance share price target going to give multi-bagger returns.