Models
BAJAJ HOUSING FINANCE LTDBAJAJHFLFinance
₹24per share · Base Model Note
Revenue growth, the horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.
Scenario
Value per share, your model₹24implied P/B 0.90× on FY26 book
Against CMP ₹84.14−71.0%close of 2026-09-10
Cost of equity11.95%risk-free + beta × equity risk premium
Book equity, FY26₹27per share · excess returns add ₹(3)
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 22,523 | 25,091 | 27,951 | 31,137 | 34,687 |
| Net income at 11.4% ROE | 2,568 | 2,860 | 3,186 | 3,550 | 3,954 |
| Cost of equity charge at 11.95% | (2,692) | (2,999) | (3,341) | (3,721) | (4,146) |
| Excess return | (124) | (138) | (154) | (172) | (191) |
| Present value | (117) | (117) | (116) | (116) | (115) |
| Closing book equity | 25,091 | 27,951 | 31,137 | 34,687 | 38,641 |
| Book equity today | 22,523 |
| PV of 5 years of excess return | (581) |
| PV of the terminal excess return, 5% flat | (1,643) |
| add non-operating investments | 0 |
| Equity value | 20,299 |
| ÷ 832.88 crore shares | ₹24 |
ROE is at or below the cost of equity, so every year destroys value against book and the model lands below book value. That is the arithmetic, not a view.
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹73₹117
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 11.4% | — | 11.95% | 5% | ₹24 | (71.0)% |
A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.