Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans.[1]It is a 100% subsidiary of Bajaj Finance Limited — one of the most diversified NBFCs in the Indian market. BHFL offers finance to individuals as well as corporate entities for the purchase and renovation of homes, or commercial spaces. It also provides loans against property for business or personal needs as well as working capital for business expansion purposes. BHFL also offers finance to developers engaged in the construction of residential and commercial properties as well as lease rental discounting to developers and HNIs.[2]
Market Leadership[1]BHFL is the2nd largestHousing Finance Company (HFC) within just seven years of starting its mortgage operations. As of March 2024, it is the8th largest NBFC- Upper Layer by AUM and2nd most profitable HFC.In FY2024 and Q1FY2025, BHFL recorded the2nd highestloan disbursement among HFCs, with the2nd highestAUM per branch and employee among large HFCs.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Bajaj Housing | 97.05 | 34.26 | 80865.27 | 0.00 | 642.96 | 17.84 | 2754.85 | 14.30 | 9.55 | 10327.38 | 90.96 | 2360.96 | 642.96 | 3.82 | 2.35 | 4.44 |
| 2. | Piramal Finance. | 1511.50 | 55.21 | 34262.31 | 0.00 | 326.99 | 150.22 | 2871.55 | 21.42 | 7.73 | 10150.20 | 58.14 | 620.66 | 407.79 | 1.27 | 0.60 | 2.61 |
| 3. | LIC Housing Fin. | 550.95 | 5.51 | 30305.72 | 1.82 | 1349.37 | 1.62 | 7179.25 | 3.48 | 8.93 | 28804.92 | 93.85 | 5521.36 | 1349.25 | 0.78 | 1.80 | 7.08 |
| 4. | PNB Housing | 892.80 | 10.57 | 23258.22 | 0.56 | 626.49 | 32.82 | 2167.91 | 16.08 | 9.46 | 8184.49 | 93.96 | 2196.76 | 626.49 | 1.28 | 2.52 | 3.62 |
| 5. | Aadhar Hsg. Fin. | 484.10 | 21.25 | 20987.79 | 0.00 | 266.47 | 17.12 | 897.13 | 17.38 | 11.42 | 3375.53 | 76.35 | 987.93 | 266.47 | 3.02 | 4.31 | 2.55 |
| 6. | Aptus Value Hou. | 280.00 | 16.63 | 14020.23 | 1.61 | 226.55 | 24.50 | 544.04 | 29.11 | 15.05 | 1998.39 | 84.25 | 843.33 | 226.55 | 3.00 | 7.42 | 1.57 |
| 7. | Sammaan Capital | 154.80 | 10.15 | 12823.03 | 0.00 | 308.47 | 111.17 | 2250.60 | -7.10 | 3.65 | 8774.88 | 74.43 | 1269.25 | 308.47 | 0.57 | -2.52 | 2.04 |
| – | Median: 16 Co. | 442.77 | 15.83 | 11819.97 | 0.45 | 195.24 | 24.75 | 605.53 | 14.98 | 9.82 | 2262.96 | 77.97 | 611.96 | 195.24 | 1.53 | 2.44 | 2.67 |
Standalone figures in ₹ crores
| Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | – | – | – | – | – | – | – | – | – | – | – |
Expenses | 164 | 210 | 165 | 170 | 244 | 216 | 219 | 226 | 176 | 179 | 253 |
Operating Profit | – | – | – | – | – | – | – | – | – | – | – |
Other Income | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 572 | 713 | 526 | 630 | 757 | 407 | 488 | 720 | 575 | 708 | 833 |
Tax % | 24% | 23% | 12% | 23% | 23% | 26% | 22% | 18% | 22% | 23% | 23% |
Net Profit | 437 | 548 | 462 | 483 | 583 | 301 | 381 | 587 | 451 | 546 | 643 |
EPS in Rs | 0.65 | 0.66 | 0.69 | 0.62 | 0.70 | 0.45 | 0.57 | 0.70 | 0.67 | 0.66 | 0.77 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
Sales | – | – | – | – | – | – | – |
Expenses | 438 | 552 | 624 | 718 | 721 | 781 | 933 |
Operating Profit | – | – | – | – | – | – | – |
Other Income | -0 | 0 | -0 | 0 | -0 | -2 | 3 |
Interest | 1,618 | 1,968 | 2,157 | 3,213 | 4,695 | 5,981 | 6,331 |
Depreciation | 23 | 22 | 26 | 33 | 40 | 41 | 44 |
Profit before tax | 567 | 613 | 960 | 1,700 | 2,161 | 2,770 | 3,022 |
Net Profit | 421 | 453 | 710 | 1,258 | 1,731 | 2,163 | 2,361 |
EPS in Rs | 0.86 | 0.93 | 1.45 | 1.87 | 2.58 | 2.60 | 2.83 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
Equity Capital | 4,883 | 4,883 | 4,883 | 6,712 | 6,712 | 8,328 | 8,329 |
Reserves | 702 | 1,149 | 1,858 | 3,791 | 5,521 | 11,619 | 12,852 |
Borrowings | – | – | – | – | – | – | – |
Other Liabilities | 187 | 226 | 293 | 406 | 464 | 790 | 735 |
Total Liabilities | 31,372 | 37,858 | 48,527 | 64,654 | 81,827 | 102,809 | 115,976 |
Fixed Assets | 86 | 79 | 97 | 113 | 123 | 141 | 144 |
Gross Block | 114.61 | 127.50 | 168.72 | 214.12 | 255.86 | 303.59 | – |
Accumulated Depreciation | 28.83 | 48.61 | 71.52 | 101.13 | 133.00 | 163.02 | – |
CWIP | 0 | 0 | 1 | 0 | 1 | 1 | 0 |
Investments | 2,508 | 3,266 | 1,248 | 2,001 | 1,939 | 2,533 | 2,129 |
Other Assets | 28,779 | 34,513 | 47,180 | 62,540 | 79,765 | 100,134 | 113,703 |
Total Assets | 31,372 | 37,858 | 48,527 | 64,654 | 81,827 | 102,809 | 115,976 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
Cash from Operating Activity | -1,024 | -5,076 | -12,481 | -14,332 | -14,600 | -17,075 |
Cash from Investing Activity | -69 | -797 | 2,197 | -611 | -555 | -798 |
Cash from Financing Activity | 1,149 | 5,676 | 10,228 | 14,630 | 15,125 | 17,870 |
Net Cash Flow | 55 | -197 | -55 | -313 | -30 | -2 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
Debtor Days | – | – | – | – | – | – |
Inventory Days | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – |
Cash Conversion Cycle | – | – | – | – | – | – |
Working Capital Days | – | – | – | – | – | – |
ROCE % | – | – | – | – | – | – |
Direct from BSE filings, auto-summarised
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