Bajaj Housing Finance (BAJAJHFL) - Net Assets
Based on the latest financial reports, Bajaj Housing Finance (BAJAJHFL) has net assets worth Rs225.23 Billion INR (≈ $2.44 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.27 Trillion ≈ $13.75 Billion USD) and total liabilities (Rs1.05 Trillion ≈ $11.31 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore balance sheet size of Bajaj Housing Finance for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs225.23 Billion |
| % of Total Assets | 17.71% |
| Annual Growth Rate | 60.13% |
| 5-Year Change | 234.1% |
| 10-Year Change | N/A |
| Growth Volatility | 111.5 |
Bajaj Housing Finance - Net Assets Trend (2017–2026)
This chart illustrates how Bajaj Housing Finance's net assets have evolved over time, based on quarterly financial data. Check BAJAJHFL intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Bajaj Housing Finance (2017–2026)
The table below shows the annual net assets of Bajaj Housing Finance from 2017 to 2026. For live valuation and market cap data, see market cap of Bajaj Housing Finance.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs225.23 Billion ≈ $2.44 Billion |
+12.91% |
| 2025-03-31 | Rs199.47 Billion ≈ $2.16 Billion |
+63.05% |
| 2024-03-31 | Rs122.33 Billion ≈ $1.32 Billion |
+16.47% |
| 2023-03-31 | Rs105.03 Billion ≈ $1.14 Billion |
+55.80% |
| 2022-03-31 | Rs67.41 Billion ≈ $729.05 Million |
+11.76% |
| 2021-03-31 | Rs60.32 Billion ≈ $652.36 Million |
+8.01% |
| 2020-03-31 | Rs55.85 Billion ≈ $604.01 Million |
+52.67% |
| 2019-03-31 | Rs36.58 Billion ≈ $395.64 Million |
+135.10% |
| 2018-03-31 | Rs15.56 Billion ≈ $168.29 Million |
+378.13% |
| 2017-03-31 | Rs3.25 Billion ≈ $35.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bajaj Housing Finance's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 24550000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs83.29 Billion | 36.98% |
| Other Components | Rs141.94 Billion | 63.02% |
| Total Equity | Rs225.23 Billion | 100.00% |
Bajaj Housing Finance Competitors by Market Cap
The table below lists competitors of Bajaj Housing Finance ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fiberhome Telecommunication Technologies Co Ltd
SHG:600498
|
$7.76 Billion |
|
Zurn Elkay Water Solutions Corporation
NYSE:ZWS
|
$7.76 Billion |
|
Birkenstock Holding plc
NYSE:BIRK
|
$7.76 Billion |
|
Akbank TAS
IS:AKBNK
|
$7.77 Billion |
|
GAZTR.TECHNI.U.ADR1/5EO01
F:9TG0
|
$7.76 Billion |
|
Zoomlion Heavy Industry Science and Technology Co Ltd
SHE:000157
|
$7.76 Billion |
|
China Minmetals Rare Earth Co Ltd
SHE:000831
|
$7.75 Billion |
|
TURK HA.YO.UNS.ADR 10 TN1
F:TU5A
|
$7.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bajaj Housing Finance's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 199,468,000,000 to 225,227,900,000, a change of 25,759,900,000 (12.9%).
- Net income of 25,603,400,000 contributed positively to equity growth.
- New share issuances of 28,100,000 increased equity.
- Other comprehensive income decreased equity by 14,263,800,000.
- Other factors increased equity by 14,392,200,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs25.60 Billion | +11.37% |
| Share Issuances | Rs28.10 Million | +0.01% |
| Other Comprehensive Income | Rs-14.26 Billion | -6.33% |
| Other Changes | Rs14.39 Billion | +6.39% |
| Total Change | Rs- | 12.91% |
Book Value vs Market Value Analysis
This analysis compares Bajaj Housing Finance's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.50x to 3.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | Rs11.48 | Rs86.17 | x |
| 2018-03-31 | Rs29.50 | Rs86.17 | x |
| 2019-03-31 | Rs17.42 | Rs86.17 | x |
| 2020-03-31 | Rs14.88 | Rs86.17 | x |
| 2021-03-31 | Rs12.35 | Rs86.17 | x |
| 2022-03-31 | Rs8.09 | Rs86.17 | x |
| 2023-03-31 | Rs12.61 | Rs86.17 | x |
| 2024-03-31 | Rs14.69 | Rs86.17 | x |
| 2025-03-31 | Rs23.91 | Rs86.17 | x |
| 2026-03-31 | Rs27.01 | Rs86.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bajaj Housing Finance utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.37%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.96%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 5.65x
- Recent ROE (11.37%) is above the historical average (7.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.18% | 16.22% | 0.01x | 1.00x | Rs-319.45 Million |
| 2018 | 0.76% | 11.04% | 0.02x | 3.03x | Rs-1.44 Billion |
| 2019 | 2.85% | 9.06% | 0.06x | 5.26x | Rs-2.62 Billion |
| 2020 | 7.54% | 15.92% | 0.08x | 5.62x | Rs-1.37 Billion |
| 2021 | 7.51% | 14.37% | 0.08x | 6.28x | Rs-1.50 Billion |
| 2022 | 10.53% | 19.24% | 0.08x | 7.20x | Rs354.84 Million |
| 2023 | 11.98% | 22.95% | 0.08x | 6.16x | Rs2.07 Billion |
| 2024 | 14.15% | 23.62% | 0.09x | 6.69x | Rs5.08 Billion |
| 2025 | 10.84% | 23.56% | 0.09x | 5.15x | Rs1.68 Billion |
| 2026 | 11.37% | 22.96% | 0.09x | 5.65x | Rs3.08 Billion |
Industry Comparison
This section compares Bajaj Housing Finance's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $25,936,360,717
- Average return on equity (ROE) among peers: 9.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bajaj Housing Finance (BAJAJHFL) | Rs225.23 Billion | 0.18% | 4.65x | $7.76 Billion |
| Aadhar Housing Finance Ltd (AADHARHFC) | $26.93 Billion | 0.00% | 4.06x | $2.41 Billion |
| Aavas Financiers Limited (AAVAS) | $43.61 Billion | 13.17% | 3.27x | $1.30 Billion |
| Aptus Value Housing Finance India Limited (APTUS) | $5.85 Billion | 11.38% | 1.47x | $1.63 Billion |
| GIC Housing Finance Limited (GICHSGFIN) | $21.06 Billion | 7.35% | 4.36x | $86.74 Million |
| Home First Finance Company India Limited (HOMEFIRST) | $18.17 Billion | 12.56% | 2.71x | $1.44 Billion |
| INDIA SHELTER FINANCE CORPORATION LIMITED (INDIASHLTR) | $12.41 Billion | 12.52% | 2.46x | $957.83 Million |
| PNB Housing Finance Limited (PNBHOUSING) | $98.72 Billion | 8.47% | 5.66x | $3.08 Billion |
| Repco Home Finance Limited (REPCOHOME) | $1.35 Billion | 11.53% | 4.46x | $270.50 Million |
| Reliance Home Finance Limited (RHFL) | $5.33 Billion | 12.95% | 9.42x | $10.54 Million |
About Bajaj Housing Finance
Bajaj Housing Finance Limited provides housing finance services in India. It offers finance to individuals and corporate entities for the purchase and renovation of homes or commercial spaces. The company also provides loans against property for business or personal needs, as well as working capital for business expansion purposes. In addition, it offers finance to developers engaged in the const… Read more