Bajaj Housing Finance Limited
Classified as an ‘Upper-Layer NBFC’ by the RBI pursuant to Scale Based Regulations, Bajaj Housing Finance Limited (BHFL) is a subsidiary of Bajaj Finance Limited — one of the most diversified NBFCs in the Indian market, catering to more than 92.09 mi...
Key Metrics
EPS
2.58
Current ratio
0.10
Debt
69535.98
Debt/Equity
5.68
Debt/EBITDA
31.59
Interest coverage ratio
-
Op Cashflow to total debt
-0.22
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Expectation of strong support from BFL
Established track record of BFL & BHFL in Mortgage loans
Comfortable capitalization:
Liquidity: Superior
Cons
Limited seasoning of the portfolio
Downgrade in the credit rating of BFL by 1 notch or higher
Any change in articulation of support philosophy by BFL towards BHFL, or adverse material change in ownership structure
Significant deterioration in asset quality of BHFL's loan book
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About Bajaj Housing Finance Limited bond.
This comprehensive profile covers key factual information about Bajaj Housing Finance Limited. Classified as an ‘Upper-Layer NBFC’ by the RBI pursuant to Scale Based Regulations, Bajaj Housing Finance Limited (BHFL) is a subsidiary of Bajaj Finance Limited — one of the most diversified NBFCs in the Indian market, catering to more than 92.09 million customers across the country. Headquartered in Pune, 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 high-net-worth individuals. The Company is rated AAA/Stable for its long-term debt programme and A1+ for its short-term debt programme from CRISIL and India Ratings. EPS in Mar-2024 was 2.58. Current ratio in Mar-2024 was 0.10. Debt in Mar-2024 was 69535.98. Debt/Equity in Mar-2024 was 5.68. Debt/EBITDA in Mar-2024 was 31.59. Interest coverage ratio in Mar-2024 was . Op Cashflow to total debt in Mar-2024 was -0.22. Total revenue for Mar-2025 (E) was ₹8307.43. Net income for Mar-2025 (E) stood at ₹1942.24. Total assets as of Mar-2024 were ₹81,827.09. Total liabilities as of Mar-2024 were ₹69,593.59. Operating cash flow for Mar-2024 was ₹-15,428.11. The company’s borrowing relationships include Bank of India (₹150.00 Cr), Canara Bank (₹50.00 Cr), Central Bank Of India (₹100.00 Cr), HDFC Bank Limited (₹300.00 Cr), Axis Bank Limited (₹50.00 Cr), Not Applicable (₹6650.00 Cr), Bank of India (₹1000.00 Cr), Punjab National Bank (₹150.00 Cr), Canara Bank (₹1050.00 Cr), State Bank of India (₹6500.00 Cr). Peers and comparison entities consist of Bajaj Housing Finance Limited, Bajaj Finance Limited, Jio Financial Services Limited, Shriram Finance Limited. As of Sep 2024, promoters hold 88.75% while others hold N/A% of equity. Key strengths include: Expectation of strong support from BFL; Established track record of BFL & BHFL in Mortgage loans; Comfortable capitalization:; Liquidity: Superior. Key risks include: Limited seasoning of the portfolio; Downgrade in the credit rating of BFL by 1 notch or higher; Any change in articulation of support philosophy by BFL towards BHFL, or adverse material change in ownership structure; Significant deterioration in asset quality of BHFL's loan book. Leadership team details include Mr.Sanjivnayan Bajaj (Chairman & Non-Executive Director), Mr.Anami Narayan Roy (Independent Director), Dr.Arindam Kumar Bhattacharya (Independent Director), Ms.Jasmine Arish Chaney (Independent Director), Mr.Atul Jain (Managing Director), Mr.Rajeev Jain (Vice Chairman & Non Executive Director), Mr.Gaurav Kalani (Chief Financial Officer), Mr.Atul Patni (Company Secretary & Compliance Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.