Bajaj Holdings & Investment Limited (BAJAJHLDNG) fair value: what the stock is really worth
We calculate from audited financials what Bajaj Holdings & Investment Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range ₹3,166 – ₹14,274 · fair‑value band ₹6,117 – ₹19,512 · the ₹11,282 price screens above the ₹10,714 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Bajaj Holdings & Investment Limited, an investment holding company, operates as a non-banking financial institution-investment and credit company in India. It invests in listed and unlisted securities of companies. The company was incorporated in 1945 and is headquartered in Pune, India.
Stock analysis
Bajaj Holdings & Investment Limited (BAJAJHLDNG) currently trades at ₹11,282, while our model-based Fair Value estimate is ₹10,714, implying the stock looks roughly 5.3% fairly valued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹21,232 per share, and 6 of the 13 models we run sit above the ₹11,282 price.
Bear case: the Dividend Discount group reads lowest at ₹1,737, and 7 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹6,117 (bear) to ₹19,512 (bull), the price of ₹11,282 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bajaj Holdings & Investment Limited reported revenue of ₹103B in FY2026 versus ₹43.8B in FY2022, a compound +23.7%/yr. Reported net income was ₹96.4B in FY2026, compounding +24.2%/yr from FY2022.
Key figures
Market cap ₹1.3T (≈ $13.1B) · P/E ratio 13.0 · P/S ratio 12.3 · EPS (TTM) ₹865.65 · Dividend yield 0.8% · Net margin 94.0% · Return on equity 12.6% · Return on assets (EBIT) 9.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −25% fair-value upside, at −5%, BAJAJHLDNG screens cheaper than that median.
Fair Value models
Bear ₹6,117Fair Value ₹10,714Bull ₹19,512
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹368.33 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.83/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+49.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.3%
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+22.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.4%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.21% vs 16%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.96% → 98%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.3%
Yearly growth needed for the next five years to justify today's price.
Compare Bajaj Holdings & Investment Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 655 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Above median
Fair Value upside+1% · Below median
Profitability
Return on equity (TTM)13% · Above median
Return on assets1% · Below median
Operating margin (TTM)42% · Above median
Growth and dividend
Revenue growth−48% · Bottom 25%
Dividend yield (TTM)0.8% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Bajaj Holdings & Investment Limited (BAJAJHLDNG) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ₹10,714 versus a price of ₹11,282, about −5% upside (fairly valued).
What is the fair value of BAJAJHLDNG?
Our model-based fair value for Bajaj Holdings & Investment Limited is ₹10,714 (as of Sep 18, 2026), built from audited fundamentals. The current price: ₹11,282.
What is the quality score of BAJAJHLDNG?
Bajaj Holdings & Investment Limited has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
Our model-based price target is the fair value of ₹10,714 (as of Sep 18, 2026) from 13 valuation models. Cautious scenario ₹6,117, optimistic scenario ₹19,512. It is a calculation from audited fundamentals, not an analyst target.
What is the Bajaj Holdings & Investment Limited stock forecast for 2026?
Our models put fair value at ₹10,714, about −5% upside versus a price of ₹11,282 (fairly valued). Cautious scenario ₹6,117, optimistic scenario ₹19,512. The calculation is refreshed regularly with new filings.
Does Bajaj Holdings & Investment Limited pay a dividend?
Bajaj Holdings & Investment Limited currently shows a dividend yield of about 0.82% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
For today's price to be fair in a discounted-cash-flow model, Bajaj Holdings & Investment Limited would have to grow free cash flow by +16.3 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.3 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of BAJAJHLDNG use?
Our models discount Bajaj Holdings & Investment Limited at 10.4 %: a base by market capitalisation (large), damped by beta 0.13, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Bajaj Holdings & Investment Limited that is +16.3 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Bajaj Holdings & Investment Limited (BAJAJHLDNG) delivered so far?
Over the past 5 years revenue at Bajaj Holdings & Investment Limited grew +21.3 % a year. The price currently implies +16.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Bajaj Holdings & Investment Limited (BAJAJHLDNG) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Bajaj Holdings & Investment Limited (+16.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
The free-cash-flow yield on the price is 3.81 %: that much free cash flow Bajaj Holdings & Investment Limited produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bajaj Holdings & Investment Limited it is ₹10,714 per share (as of Sep 18, 2026), against a price of ₹11,282. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Bajaj Holdings & Investment Limited stock overvalued or undervalued in 2026?
As of Sep 18, 2026, BAJAJHLDNG trades above its calculated fair value: price ₹11,282, fair value ₹10,714, a gap of about −5% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BAJAJHLDNG?
No. The price is what the market pays today (₹11,282); the fair value is what the company's own numbers justify (₹10,714). For Bajaj Holdings & Investment Limited the two are ₹568.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bajaj Holdings & Investment Limited worth?
The market values Bajaj Holdings & Investment Limited at about ₹1.3T (market capitalisation, as of Sep 18, 2026). Per share that is ₹11,282; our models calculate a fair value of ₹10,714 per share.
What do the bullish and bearish scenarios say about BAJAJHLDNG?
Our models span a range for Bajaj Holdings & Investment Limited: cautious scenario ₹6,117, base ₹10,714, optimistic ₹19,512 per share (as of Sep 18, 2026, price ₹11,282). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BAJAJHLDNG?
Bajaj Holdings & Investment Limited trades at a price-to-earnings ratio of 13.0 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹10,714 is built from several models across several years. Other multiples: P/S 1.1, EV/EBITDA 1.3.
How solid is the balance sheet of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
Balance-sheet figures for Bajaj Holdings & Investment Limited (as of Sep 18, 2026): return on equity 12.6%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is BAJAJHLDNG from its 52-week high?
Bajaj Holdings & Investment Limited trades at ₹11,282, about 23% below its 52-week high of ₹14,690 and 31% above the low of ₹8,588 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ₹10,714 is for.
Which stocks are comparable to Bajaj Holdings & Investment Limited?
From the same area (Financial Services) we also value Blackstone Inc, Investor AB, Brookfield Corporation, KKR & Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bajaj Holdings & Investment Limited stock attractive at the current price?
The data as of Sep 18, 2026: price ₹11,282, calculated fair value ₹10,714 (−5%), Quality Score 68/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BAJAJHLDNG calculated?
We run Bajaj Holdings & Investment Limited through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹10,714, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Bajaj Holdings & Investment Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
The closing price on Sep 18, 2026 was ₹11,282. Our model-based fair value is ₹10,714, about −5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bajaj Holdings & Investment Limited right now?
The model range is unusually wide (₹6,117 to ₹19,512). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Bajaj Holdings & Investment Limited (BAJAJHLDNG) come from?
Earnings per share at Bajaj Holdings & Investment Limited grew +14.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +33.2 %, EBIT margin +1.8 %, tax rate +0.2 %, residual (interest, one-offs) −15.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bajaj Holdings & Investment Limited
How large is the market capitalisation of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
The market capitalisation of Bajaj Holdings & Investment Limited is ₹1.3T (≈ $13.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
The price-to-sales ratio of Bajaj Holdings & Investment Limited is 12.3 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
Earnings per share at Bajaj Holdings & Investment Limited are ₹865.65 (price ÷ EPS = P/E 13.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
The dividend yield of Bajaj Holdings & Investment Limited is 0.8% (payout 10.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
The net margin of Bajaj Holdings & Investment Limited is 94.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
The return on equity (ROE) of Bajaj Holdings & Investment Limited is 12.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
On an EBIT basis the return on assets of Bajaj Holdings & Investment Limited is 9.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
The operating margin of Bajaj Holdings & Investment Limited is 42.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
Revenue at Bajaj Holdings & Investment Limited is growing −48.3% versus a year earlier (3y avg +25.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bajaj Holdings & Investment Limited (BAJAJHLDNG)?
Earnings per share at Bajaj Holdings & Investment Limited are growing +49.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bajaj Holdings & Investment Limited (BAJAJHLDNG) hold?
Bajaj Holdings & Investment Limited holds more cash than debt, ₹21.3M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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