Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Bajaj Holdings & Investment Ltd

BAJAJHLDNG
Finance - Holding Company

Bajaj Holdings & Investment Ltd's earnings have outrun its stock. EPS grew +47.8% in a year against a −24.9% price move.

The sharpest disagreement: annual EPS moved +47.8% against a −24.9% price move — the market has not yet caught up with the delivery.

The price is in a downtrend (34 weeks in) while the P/BV sits at the 67th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +47.2% year on year, with the the net margin at 4,224.6%. What settles it: whether the price catches up with earnings that have already moved.

Price
₹10,398
−24.9% 1Y
P/BV
1.6×
67th pctile
of its own 10-year range
Revenue (Mar 26)
₹61.0 Cr
−57.9% YoY
Profit (Mar 26)
₹2,577 Cr
+47.2% YoY
Net margin
4,224.6%
+3,017.0 pp YoY
ROE
12%
FY26
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 25% on reported income across 14 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return-on-equity and return-on-assets curves, the annual return-on-assets overlay and the F-score are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 6 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Bajaj Holdings & Investment Ltd trades at ₹10,398, in a downtrend and 34 weeks into that stage. That is −4.5% against its own 200-day average. It sits at 31% of a 52-week range of ₹9,150 to ₹13,211. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (2 weeks and counting).

Today the stock is in a downtrend — week 34 of stage 4, confirmed. At ₹10,398 it trades −4.5% versus its 200-day average and sits at 31% of its 52-week range (₹9,150–₹13,211).

Jul 26: ₹10,398 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−4.5% versus the 200-day line, week 34 of stage 4
Price50-day avg200-day avg
S2S4₹14,882₹12,594₹10,305₹8,016₹5,728₹10,398₹10,883Jul 23Apr 24Feb 25Nov 25Jul 26
S2S4₹14,882₹12,594₹10,305₹8,016₹5,728₹10,398₹10,883Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (546 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +615% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (2 weeks and counting; last ahead the week of 2026-07-03) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/BV sits at the 67th percentile of its own range.

02 · Valuation

Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.

Bajaj Holdings & Investment Ltd trades at 1.6× P/BV, mid-range by its own standards (67th percentile). Its long-run median P/BV is 1.5×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/BV of 1.6× is mid-range by its own standards (67th percentile), against a long-run median of 1.5× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

The honest context for that discount: a bank earning about 12% on its equity is worth less per rupee of book, and the market has priced that in rather than overlooked it. The discount closes only if the returns themselves improve.

P/BV 1.6× vs a 1.5× long-run median P/BV, weekly (left axis); book value per share, weekly (right axis). 10.4-year window; brief peaks above 2.5× shown pinned at the top. The book value / share bars are red where the reading is lower than the quarter before.
mid-range by its own standards (67th percentile)
P/BVMedianBook value / share (quarterly)
2.6×₹7,2082.1×₹5,4061.7×₹3,6041.2×₹1,8020.7×₹0.0×1.60×₹6,674Mar 16Oct 18Jun 21Jan 24Jul 26
2.6×₹7,2082.1×₹5,4061.7×₹3,6041.2×₹1,8020.7×₹0.0×1.60×₹6,674Mar 16Jun 21Jul 26
P/BV
1.6×
67th percentile of 10y

Why the multiple sits where it does: over the past year book value grew while the price moved −24.9% — the price ran ahead of the book, pushing the multiple up its own range.

The price move, decomposed: over 5y, of the +21.2%/yr price move, ~+13.9%/yr came from book-value growth and ~+7.3 pp from the multiple (expanding); over 10y, of the +20.5%/yr price move, ~+17.1%/yr came from book-value growth and ~+3.4 pp from the multiple (expanding). The split is the honest approximate (price return minus book-value growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the book-value line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 25% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Bajaj Holdings & Investment Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 10 quarters across 2 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
331%129%219%85%106%41%−6.5%−3.5%−119%−48%%%−57.9%47.2%47.8%Jun 23Dec 23Sep 24Jun 25Mar 26
331%129%219%85%106%41%−6.5%−3.5%−119%−48%%%−57.9%47.2%47.8%Jun 23Sep 24Mar 26
Revenue growth
Falling
latest −57.9% · span −88.0% to +100.0%
Profit growth
Rising
latest +47.2% · span −35.5% to +100.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

The latest quarter’s profit carries a one-off item larger than the operating base, so the profit curve is shown but does not vote in the stage call.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Growth, year by year: revenue +51.7% in FY26, profit +47.7% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
249%55%167%37%85%20%0.0%2.3%−79%−15%%%51.7%47.7%FY16FY21FY26
249%55%167%37%85%20%0.0%2.3%−79%−15%%%51.7%47.7%FY16FY21FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+56.6%) with the last 8 annualized (−19.4%).
revenue accelerating, profit accelerating
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
261%52%175%36%89%19%3.6%1.9%−82%−15%%%56.6%47.7%Jun 23Sep 24Mar 26
261%52%175%36%89%19%3.6%1.9%−82%−15%%%56.6%47.7%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+51.7%+29.0%+19.7%+9.1%
Profit+47.7%+25.6%+21.8%+15.8%
EPS+47.8%+25.7%+21.4%+15.6%
Share price−24.9%+11.3%+21.2%+20.5%
Revenue YoY (Mar 26)
−57.9%
latest quarter vs a year ago
Profit YoY (Mar 26)
+47.2%
latest quarter vs a year ago
Revenue 10y
9.1%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

54.2/100 — rank 7 of 18 in Finance - Holding Company · 67% evidence confidence

Bajaj Holdings & Investment Ltd scores 54.2 out of 100 against the 18 companies it is compared with in Finance - Holding Company, ranking 7. Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -9.9% and the one-year return is -24.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

The four contributions add to the total exactly: 24 + 12.1 + 12.6 + 5.5 = 54.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.

05 · Revenue

Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.

Bajaj Holdings & Investment Ltd reported ₹61.0 Cr of income in the Mar 26 quarter, −57.9% year on year. Over 10 years it has compounded at 9.1% a year. The last full year, FY26, came in at ₹1,121 Cr. The last four reported quarters add to ₹1,071 Cr.

Bajaj Holdings & Investment Ltd reported ₹61.0 Cr of income in the Mar 26 quarter, −57.9% year on year. Over 10 years it has compounded at 9.1% a year. The last full year, FY26, came in at ₹1,121 Cr. The last four reported quarters add to ₹1,071 Cr.

FY26 revenue came in at ₹1,121 Cr (+51.7% on the year), capping 10 years at 9.1% compound. The latest quarter (Mar 26) printed ₹61.0 Cr, −57.9% year on year.

FY26 revenue ₹1,121 Cr (+51.7% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
9.1% a year over 10 years
RevenueYoY growth
1.8k249%1.4k167%91985%4600.0%0−79%₹ Cr%₹1,12151.7%FY16FY21FY26
1.8k249%1.4k167%91985%4600.0%0−79%₹ Cr%₹1,12151.7%FY16FY21FY26
Mar 26: ₹61.0 Cr (−57.9% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
1.3k1,404%9821,003%654603%327202%0−198%₹ Cr%₹61−57.9%Jun 23Sep 24Mar 26
1.3k1,404%9821,003%654603%327202%0−198%₹ Cr%₹61−57.9%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +63.9% growth against the decade's 9.1% — the current year is running faster than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +56.6% over the last 4 quarters against −19.4%/yr over the last 8 — accelerating; TTM profit +47.7% vs +15.3%/yr — accelerating.

→ Revenue slipped — did the net margin hold as it scaled? Next: 4,224.6% this quarter (+3,017.0 pp YoY).

06 · Net margin

Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.

Bajaj Holdings & Investment Ltd's net margin is 4,224.6% in the Mar 26 quarter, +3,017.0 percentage points against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 293.7% to 947.5%. The current quarter is running above every full year in that window.

Bajaj Holdings & Investment Ltd's net margin is 4,224.6% in the Mar 26 quarter, +3,017.0 percentage points against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 293.7% to 947.5%. The current quarter is running above every full year in that window.

The latest quarter's net margin is 4,224.6%, +3,017.0 pp against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 293.7%–947.5%.

Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

FY26: 873.2% Net margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a 293.7–947.5% band over 13 years
net marginYoY change (pp)
1,000%542%810%258%621%−25%431%−309%241%−593%%%873.2%−23.4%FY14FY20FY26
1,000%542%810%258%621%−25%431%−309%241%−593%%%873.2%−23.4%FY14FY20FY26
Mar 26: 4,224.6% net margin (+3,017.0 pp YoY) Quarterly net margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Net profit as a share of total revenue, per quarter.
Net marginYoY change (pp)
4,545%3,365%3,384%2,104%2,224%843%1,064%−418%−96%−1,679%%%4,224.6%3,017%Jun 23Sep 24Mar 26
4,545%3,365%3,384%2,104%2,224%843%1,064%−418%−96%−1,679%%%4,224.6%3,017%Jun 23Sep 24Mar 26

→ The net margin held — did that reach the bottom line? Next: profit +47.2% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Bajaj Holdings & Investment Ltd earned ₹2,577 Cr of net profit in the Mar 26 quarter, +47.2% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹9,789 Cr. The 10-year compound rate is 15.8%. That is 4,224.6% of the quarter's revenue. The same quarter a year earlier earned ₹1,751 Cr.

Bajaj Holdings & Investment Ltd earned ₹2,577 Cr of net profit in the Mar 26 quarter, +47.2% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹9,789 Cr. The 10-year compound rate is 15.8%. That is 4,224.6% of the quarter's revenue. The same quarter a year earlier earned ₹1,751 Cr.

Mar 26 profit was ₹2,577 Cr, +47.2% year on year — the 4th consecutive quarter of growth. On the full year, FY26 printed ₹9,789 Cr (+47.7%), and the 10-year compound rate is 15.8%.

FY26 profit ₹9,789 Cr (+47.7% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
15.8% a year over 10 years
Net profitYoY growth
10.6k54%7.9k37%5.3k19%2.6k2.4%0−15%₹ Cr%₹9,78947.7%FY16FY21FY26
10.6k54%7.9k37%5.3k19%2.6k2.4%0−15%₹ Cr%₹9,78947.7%FY16FY21FY26
Mar 26: ₹2,577 Cr (+47.2% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
4th straight quarter of growth
Net profit (quarterly)YoY growth
3.8k129%2.8k85%1.9k41%946−3.5%0−48%₹ Cr%₹2,57747.2%Jun 23Sep 24Mar 26
3.8k129%2.8k85%1.9k41%946−3.5%0−48%₹ Cr%₹2,57747.2%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed −57.9% and the margin +3,017.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +47.9% vs revenue +63.9%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit is up — how clean is the loan book behind it? Next: we hold no quarterly loan-book numbers — the section says so plainly.

08 · Asset quality — the ladder

Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.

Loan-book quality history is not available for Bajaj Holdings & Investment Ltd, so this section names the gap rather than estimating a ratio. No gross or net non-performing-asset series is filed in a form this page can read, and none is inferred from the profit line. The income, margin and return sections above carry the evidence this business does report.

We do not hold quarterly loan-book quality numbers for this bank, so this section states that plainly rather than working around it.

Why: loan-book quality is the engine room of a bank, and its drivers — slippages, recoveries, provisioning — sit below what we hold for this name; the sections around it carry the reads we can stand behind.

→ Behind the profits — is the book itself still growing? Next: revenue grew +51.7% in FY26.

09 · The loan book

The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.

Bajaj Holdings & Investment Ltd's revenue grew +51.7% in FY26 to ₹1,121 Cr, so the book is growing. The latest quarter ran −57.9% year on year. The net margin on that income is 4,224.6%, +3,017.0 percentage points against a year ago.

FY26 revenue was ₹1,121 Cr, +51.7% on the year, and the latest quarter ran −57.9% year on year. The net margin on that revenue is 4,224.6% this quarter (+3,017.0 pp YoY) — growth with a widening margin on it.

FY26: revenue ₹1,121 Cr (+51.7% YoY) with the net margin at 873.2% Revenue by fiscal year, ₹ Cr (bars, left); net margin, % (line, right). 11-year window. A bar is red when it is lower than the year before.
RevenueNet margin
1.8k1,000%1.4k810%919621%460431%0241%₹ Cr%₹1,121873.2%FY16FY18FY21FY23FY26
1.8k1,000%1.4k810%919621%460431%0241%₹ Cr%₹1,121873.2%FY16FY21FY26

The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.

→ Does all of this actually earn its keep on equity? Next: ROE is 12%.

10 · Returns on equity and assets

Returns on equity and assets Two numbers usually rate a lender: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys.

A clean annual return-on-equity ladder is not held for Bajaj Holdings & Investment Ltd. For an insurer especially the standard bank ratios are not the right lens, so this page does not force them onto the filings rather than estimating a series it cannot support.

We do not hold a clean annual return-on-equity series for Bajaj Holdings & Investment Ltd — for an insurer especially, the standard bank ratios are not the right lens, so this page does not force them. The revenue, margin and ownership sections above and below are the reads we stand behind.

The quarterly return-on-equity and return-on-assets curves, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 25% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Who owns Bajaj Holdings & Investment Ltd, and are they adding or leaving? Next: Domestic institutions added 1.8 points over 8 quarters.

11 · Debt

Debt

For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.

A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.

→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 1.8 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 1.8 points of Bajaj Holdings & Investment Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 8.3% of the company. Foreign institutions moved −1.7 points over the same window, to 9.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +1.8 points over 8 quarters to 8.3%; Foreign institutions: −1.7 points over 8 quarters to 9.5%; Promoters: +0.0 points over 8 quarters to 51.5%.

Why the register moved: rotation — foreign institutions −1.7 points against domestic institutions +1.8 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
55%42%29%16%2.5%%51.5%9.6%8.1%30.9%Mar 24Mar 25Mar 26
55%42%29%16%2.5%%51.5%9.6%8.1%30.9%Mar 24Mar 25Mar 26
Domestic institutions added 1.8 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
55%42%28%15%1.3%%51.5%9.5%8.3%30.8%Jun 23Dec 24Jun 26
55%42%28%15%1.3%%51.5%9.5%8.3%30.8%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Bajaj Holdings & Investment Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.

The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.

Related companies · same sector · Finance - Holding Company Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROE curve is the return on equity (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/BVMkt capRevenueEPSROEStage
Bajaj Holdings & Investment Ltd this page1.6×₹1.2L CrNo read
Bajaj Finserv Ltd3.9×₹3L CrMixed
Max Financial Services Ltd9.9×₹52,302 CrDeteriorating
Godrej Industries Ltd4.0×₹44,875 CrImproving
Tata Investment Corporation Ltd1.1×₹31,913 CrNo read
TVS Holdings Ltd4.6×₹29,606 CrMixed
Cholamandalam Financial Holdings Ltd1.8×₹28,480 CrConsistent
Maharashtra Scooters Ltd0.5×₹14,482 CrMixed
JSW Holdings Ltd0.4×₹12,060 CrImproving
Kama Holdings Ltd1.0×₹8,155 CrMixed
Kama Holdings Ltd1.0×₹8,112 CrMixed
Pilani Investment & Industries Corporation Ltd0.3×₹4,774 CrDeteriorating
Rane Holdings Ltd2.1×₹2,482 CrTurning around
Kalyani Investment Company Ltd0.2×₹2,315 CrMixed
Alembic Ltd0.9×₹2,258 CrNo read
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12 · Frequently asked questions

Frequently asked questions

What is Bajaj Holdings & Investment Ltd's share price today?

Bajaj Holdings & Investment Ltd trades at ₹10,398, −24.9% over the past year. The company is valued at ₹1,18,847 Cr. The stock sits at 31% of its 52-week range of ₹9,150–₹13,211, −4.5% versus its 200-day average. On the tape, the price is in a downtrend, 34 weeks in. — as of 24 July 2026.

What were Bajaj Holdings & Investment Ltd's latest quarterly results?

Bajaj Holdings & Investment Ltd reported total income of ₹61.0 Cr and net profit of ₹2,577 Cr for the Mar 26 quarter. Income fell 57.9% and profit rose 47.2% year on year. Earnings per share were ₹231.37. The net margin was 4,224.6%, 3,017.0 pp higher than a year earlier. — as of 24 July 2026.

What is Bajaj Holdings & Investment Ltd's revenue?

Bajaj Holdings & Investment Ltd reported revenue of ₹61.0 Cr in the Mar 26 quarter, −57.9% year on year. For the full FY26 fiscal year, revenue was ₹1,121 Cr (+51.7%). Over the last 10 years revenue compounded at 9.1% a year. — as of 24 July 2026.

What is Bajaj Holdings & Investment Ltd's profit?

Bajaj Holdings & Investment Ltd earned ₹2,577 Cr of net profit in the Mar 26 quarter, +47.2% year on year — the 4th straight quarter of growth. Full-year FY26 profit was ₹9,789 Cr. The net margin ran 4,224.6% in the latest quarter. — as of 24 July 2026.

What is Bajaj Holdings & Investment Ltd's market cap?

Bajaj Holdings & Investment Ltd's market capitalisation is ₹1,18,847 Cr at a share price of ₹10,398. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Bajaj Holdings & Investment Ltd's P/BV ratio?

Bajaj Holdings & Investment Ltd trades at a P/BV of 1.6×, at the 67th percentile of its own 10-year range, against a long-run median of 1.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Bajaj Holdings & Investment Ltd pay a dividend?

Yes — Bajaj Holdings & Investment Ltd's dividend payout was 23% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is Bajaj Holdings & Investment Ltd overvalued?

On its own history, Bajaj Holdings & Investment Ltd looks expensive against its own history: its P/BV of 1.6× sits at the 67th percentile of its 10-year range (long-run median 1.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Bajaj Holdings & Investment Ltd growing?

Yes — Bajaj Holdings & Investment Ltd is growing: latest-quarter revenue −57.9% year on year, profit +47.2%, and the the net margin +3,017.0 pp at 4,224.6%. The 10-year compound rates are 9.1% (revenue) and 15.8% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is Bajaj Holdings & Investment Ltd performing?

Bajaj Holdings & Investment Ltd is in a downtrend, 34 weeks in. Its latest quarter's income fell 57.9% and profit rose 47.2% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

Is Bajaj Holdings & Investment Ltd in an uptrend?

No — the price is in a downtrend (week 34 of stage 4), trading −4.5% versus its 200-day average and at 31% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Bajaj Holdings & Investment Ltd beating the market?

Not lately — on a trailing-13-week view Bajaj Holdings & Investment Ltd is currently behind the NIFTY 500 (2 weeks and counting; last ahead the week of 2026-07-03), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +615% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.

Will Bajaj Holdings & Investment Ltd's share price go up?

This page publishes no price forecast for Bajaj Holdings & Investment Ltd. What it measures instead: the share price is ₹10,398, the price is in a downtrend 34 weeks in. Its P/BV of 1.6× sits at the 67th percentile of its own 10-year range. — as of 24 July 2026.

Who owns Bajaj Holdings & Investment Ltd?

Promoters hold 51.5% of Bajaj Holdings & Investment Ltd, foreign institutions 9.5%, domestic institutions 8.3% and the public 30.8% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 1.8 points over 8 quarters. — as of 24 July 2026.

Is Bajaj Holdings & Investment Ltd's loan book healthy?

We do not hold quarterly loan-book quality numbers for Bajaj Holdings & Investment Ltd, so this page says that plainly. The cleanest available reads are revenue growth (+51.7% in FY26) and the net margin on it (4,224.6%) — as of 24 July 2026.

Where is Bajaj Holdings & Investment Ltd in its business cycle?

Bajaj Holdings & Investment Ltd's FY26 net margin was 873.2%, against a 13-year band of 293.7%–947.5%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 4,224.6%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Bajaj Holdings & Investment Ltd story?

The sharpest disagreement: annual EPS moved +47.8% against a −24.9% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Bajaj Holdings & Investment Ltd a stock worth studying right now?

This is not investment advice. The machine read: Bajaj Holdings & Investment Ltd's earnings have outrun its stock. EPS grew +47.8% in a year against a −24.9% price move. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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