ETBFSIAxis Securities has buy call on Bajaj Finance with a target price of Rs 8250. The current market price of is Rs 7202.15. Time period given by analyst is 9 months when . price can reach defined target.
Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 437725.34 Crore) operating in NBFC sector.
Bajaj Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Other Operating Revenue, Income From Sale Of Share & Securities and Service Charges for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 9282.71 Crore, up 7.56 % from last quarter Total Income of Rs 8630.28 Crore and up 37.66 % from last year same quarter Total Income of Rs 6743.01 Crore. Company reported net profit after tax of Rs 2596.25 Crore in latest quarter.
Investment Rationale
The company’s digital initiatives and business transformation are key positives to look forward to and are currently progressing well with sequential improvement visible across metrics. With the digital transformation journey likely to be completed by FY23, the brokerage believes it should contribute meaningfully to the overall growth. It believes the marginal compression in NIMs will be offset by improved fee income and stable credit costs, thereby enabling BAF to deliver superior return ratios.
Promoter/FII Holdings
Promoters held 55.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 21.74 per cent, DIIs 10.28 per cent.
Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 437725.34 Crore) operating in NBFC sector.
Bajaj Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Other Operating Revenue, Income From Sale Of Share & Securities and Service Charges for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 9282.71 Crore, up 7.56 % from last quarter Total Income of Rs 8630.28 Crore and up 37.66 % from last year same quarter Total Income of Rs 6743.01 Crore. Company reported net profit after tax of Rs 2596.25 Crore in latest quarter.
Investment Rationale
The company’s digital initiatives and business transformation are key positives to look forward to and are currently progressing well with sequential improvement visible across metrics. With the digital transformation journey likely to be completed by FY23, the brokerage believes it should contribute meaningfully to the overall growth. It believes the marginal compression in NIMs will be offset by improved fee income and stable credit costs, thereby enabling BAF to deliver superior return ratios.
Promoter/FII Holdings
Promoters held 55.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 21.74 per cent, DIIs 10.28 per cent.
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