Originating and servicing mortgage and property-backed loans in India, with assets under management in excess of ₹1 lakh crore. The business lends through four primary product lines — home loans, loan against property, lease rental discounting, and construction finance — and runs an affordable-housing vertical that operates across 145 urban/rural locations covering 72 Tier-4 towns, with a current monthly disbursement run-rate of ₹410-425 crore scaling toward a ₹600+ crore target. Income is generated primarily from interest earned on this loan book, with a quarterly net interest margin of 3.7%. The company funds itself by issuing secured non-convertible debentures on private placement and accepting deposits from parent Bajaj Finance, with cost of funds at 7.2%. Operating costs are light — employee costs at 5% of revenue and other operating expenses at 2.2% — supporting an opex-to-net-income ratio of 19-20%. Asset quality is tight with gross NPA at 0.29%, net NPA at 0.12%, and capital adequacy at 21.59%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Home loans, Loan against property (LAP), Lease rental discounting (LRD), Construction finance, Affordable housing (Sambhav). Spread-based, capital-intensive housing finance with light operating costs and tight asset quality.
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 9,576 | 11,147 |
| EBITDA (ex other income) | 8,790 | 10,124 |
| margin % | 91.8 | 90.8 |
| Owners' profit | 2,163 | 2,560 |
| EPS, as reported (₹) | 2.67 | 0.00 |
| ROE % · ROCE % | 10.8 · — | 11.4 · — |
| Debt / equity (x) | 0.00 | 0.00 |
| Cash from operations | (17,075) | (19,895) |
| Capex | (25) | (31) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,410 | 2,449 | 2,508 | 2,616 | 2,755 | 2,886 | 2,903 | 3,063 |
| Profit before tax | 708 | 713 | 720 | 757 | 833 | 865 | 866 | 929 |
| Net profit | 546 | 548 | 587 | 583 | 643 | 665 | 669 | 715 |
| EPS (₹) | 0.69 | 0.66 | 0.70 | 0.70 | 0.77 | 0.80 | 0.00 | 0.86 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ HOUSING FINANCE LTD ◆ | 70,078 | 34.6 | 3.11 | — | 11.4 | — | — | 92.4 |
| LIC HOUSING FINANCE LTD | 30,982 | 5.4 | 0.75 | 1.1 | 13.5 | — | 7.7 | 97.1 |
| PNB HOUSING FIN LTD. | 30,721 | 13.3 | 1.60 | 3.5 | 11.9 | — | 2.3 | 91.6 |
| AADHAR HOUSING FINANCE L | 19,978 | 17.4 | 2.65 | 6.9 | 14.5 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Bajaj Housing Finance allots Rs 1,985.65 crore secured NCDs at 7.79% | fund raising | high | — | — |
| 3 Sept 2026 · Bajaj Housing Finance gets ESG rating of 73 from NSE Sustainability | business updates | medium | — | — |
| 1 Sept 2026 · Bajaj Housing Finance shifts registered office within Pune | general | low | — | — |
| 20 Aug 2026 · Bajaj Housing Finance allots Rs 750 crore NCDs at 7.79 percent | fund raising | high | — | — |
| 19 Aug 2026 · Bajaj Housing Finance to meet institutional investors in Singapore and Hong Kong | board shareholder meetings | low | — | — |
| 18 Aug 2026 · BHFL Investor Presentation Update - June 2026 | investor communications | medium | — | — |
| 17 Aug 2026 · Analyst and investor meet schedule at Bajaj Finserv Leadership Day 2026, Pune | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Bajaj Housing Finance gets CRISIL ESG rating of 69 under Strong category | credit debt | medium | — | — |
| 10 Aug 2026 · Bajaj Housing Finance allots NCDs worth Rs 753 cr at 7.53% coupon | fund raising | high | — | — |
| 7 Aug 2026 · Bajaj Housing Finance gets ESG rating of 68 | business updates | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 75.4 |
| SAMMAAN CAPITAL LIMITED | 17,203 | — | 0.91 | — | (37.6) | — | (3.8) | 101.8 |
| HOME FIRST FIN CO IND LTD | 12,386 | 21.2 | 2.84 | — | 12.4 | — | — | 78.3 |
| APTUS VALUE HSG FIN I LTD | 12,360 | 12.5 | 2.44 | 6.3 | 18.6 | — | — | 83.7 |
| CAN FIN HOMES LTD | 10,400 | 9.2 | 1.74 | — | 18.2 | — | — | 91.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 34.6 | 13.3 | 14 of 17 | 19% |
| P/B | 3.1 | 1.4 | 16 of 16 | 0% |
| ROE | 11.4 | 11.6 | 11 of 20 | 47% |
| Debt / Equity | 0.0 | 0.0 | 3 of 20 | 0% |
| EBITDA margin | 92.4 | 74.7 | 3 of 19 | 89% |
| Revenue growth | 17.1 | 9.0 | 7 of 19 | 67% |
| Profit growth | 22.6 | 19.3 | 9 of 20 | 58% |
| Market cap | 70078 | 7130 | 1 of 19 | 100% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
