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← CockpitCompetitor Analysis › BAJAJHLDNG.NS Bajaj Holdings & Investment Limited.Open in the cockpit ↗

Bajaj Holdings & Investment Limited.BAJAJHLDNG.NSCompetitor analysis, valuation and peers

India · INR·Financials›Financial Conglomerates

Holding company owning stakes in Bajaj Auto and Bajaj Finserv plus its own investment portfolio.

≈ A Bajaj-family holding vehicle, like a mini conglomerate holdcoMomentum strong 63
Mkt cap
$13.0B
US dollars, full cap
Free float
38%
of shares outstanding
$/day
$4.91M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 13.6%
Hurdle
n/a
no reverse DCF
Close · INR₹11,044
1D+1.8%
1W+8.1%
1M+3.6%
3M-3.0%
6M+4.2%
YTD-2.5%
1Y-11.3%
ATR %2.9%
Beta1.13
52w lowhigh16.6% off high

What Bajaj Holdings & Investment does

Holding company owning stakes in Bajaj Auto and Bajaj Finserv plus its own investment portfolio.

Income is mainly dividends and profit share from its stakes in Bajaj Auto and Bajaj Finserv, plus returns on its own investments, so it is a way to own the Bajaj family's two listed companies at one remove. It was created when the original Bajaj Auto was split into three companies in the late 2000s; the Bajaj family controls it.

In one line: A Bajaj-family holding vehicle, like a mini conglomerate holdco.

Products and services

  • Stake in Bajaj Auto
  • Stake in Bajaj Finserv
  • Wind-power generation
  • Proprietary investment portfolio

Where it sits in the supply chain

  • Investment holding company
  • Equity stakes in Bajaj Group operating…
  • Bajaj Auto and Bajaj Finserv…

What could go right

  • Value of underlying Bajaj Auto and Bajaj Finserv stakes
  • Portfolio investment gains

What could go wrong

  • Persistent holding-company discount to net asset value
  • Fully dependent on subsidiaries' performance

Moat: none. Value derives almost entirely from underlying stakes; the holding entity has no operating moat of its own.

Headquarters: Pune, India · Founded: 1945 · Employees: 14

Named competitors

Bajaj Holdings & Investment at a glance

Size Bajaj Holdings & Investment (BAJAJHLDNG.NS) is an India Financials company (Financial Conglomerates) with a market value of $13.0B, the 82nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹11,044 on 6 Nov 2026.

Performance Over six months the shares gained 4.2%, against +1.4% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 20 in its peer set.

Growth Revenue fell 13.9% over the last twelve months (peer median +3.2%); the operating margin is 80.0% (peer median 35.0%).

Relative performance

10011011 May 202611 Aug 20266 Nov 2026BAJAJHLDNG.NS 104Peer median 102
Six months, rebased to 100: Bajaj Holdings & Investment against the median of its 20 peers (local-currency closes).

Bajaj Holdings & Investment financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹9.79B₹26.9B₹7.29B₹17.0B₹5.14B
Revenue growth—+269%-57%+230%—
Gross profitn/a₹26.6B₹6.92B₹16.6B₹4.71B
EBITDA₹8.11B₹25.3B₹6.01B₹15.8B₹3.94B
Net income₹92.9B₹96.4B₹65.2B₹72.7B₹48.5B
Free cash flown/a₹47.8B-₹3.39B₹18.7B₹17.3B
Capital expendituren/a₹200,000₹7.80M₹3.10M₹20.0M
Total debt₹0₹96.2M₹310M₹626M₹928M

Quarterly statements and history in the cockpit →

Bajaj Holdings & Investment competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%+60%-20%0%+20%SOLARCCLATO-BBMNR8473LUND-BJIOFINMNGBAERAKERBBUCONEX2887AZMBAJAJHLDNG.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Bajaj Holdings & Investment is the large dot.

Bajaj Holdings & Investment competitors and peer comparison

Head to head with its named competitors (BAJAJHLDNG.NS vs BAJAJ-AUTO.NS vs BAJAJFINSV.NS vs TATAINVEST.NS)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Bajaj Holdings & Investment BAJAJHLDNG.NS$13.0B+4%-14%80%n/an/a
Bajaj Auto BAJAJ-AUTO.NS$31.7B+3%+48%19%3.9×27.3%
Bajaj Finserv BAJAJFINSV.NS$31.6B+2%+17%43%n/an/a
Tata Investment TATAINVEST.NS$3.06B-22%+18%89%n/an/a

How Bajaj Holdings & Investment compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Bajaj Holdings & Investment against its 20 peers (data as of 6 Nov 2026)
MeasureBAJAJHLDNG.NSPeer medianRank in peer set
1-month return+3.6%+4.8%10th lowest of 21
6-month return+4.2%+1.4%9th highest of 20
Distance from 52-week high-16.6%-12.7%8th lowest of 21
Revenue growth (TTM)-13.9%+3.2%2nd lowest of 21
Operating margin80.0%35.0%5th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Bajaj Holdings & Investment BAJAJHLDNG.NSIndia$13.0B+4%-14%80%n/an/an/a
Washington H. Soul Pattinson and SOL.AXAustralia$12.5B+12%+143%-9%n/an/an/a
Ares Capital ARCCUnited States$13.8B+1%-8%61%n/an/an/a
Investment AB Latour LATO-B.STSweden$14.2B+19%+3%15%n/an/an/a
BitMine Immersion Technologies BMNRUnited States$11.3B-15%+1,022%-485%n/an/an/a
SBI 8473.TJapan$11.2B-13%+20%40%n/an/an/a
L E Lundbergforetagen LUND-B.STSweden$15.3B+16%-4%28%n/an/an/a
Jio Financial Services JIOFIN.NSIndia$16.2B-8%+117%40%n/an/an/a
M&G MNG.LUnited Kingdom$10.3B+7%+68%8%n/an/an/a
Julius Baer Gruppe BAER.SWSwitzerland$17.1B+2%0%30%n/an/an/a
HAL Trust HAL.ASNetherlands$17.2B+1%-5%14%n/an/an/a
Aker AKER.OLNorway$8.60B-7%-17%226%n/an/an/a
China Resources New Energy 001248.SZChina$21.5Bn/a0%42%n/an/an/a
Industrivarden INDU-A.STSweden$23.4B+9%-1%569%n/an/an/a
Exor EXO.ASNetherlands$26.2B+10%+59%-384%n/an/an/a
Brookfield Business BBUC.TOCanada$6.15B-9%+106%13%n/an/an/a
Onex ONEX.TOCanada$5.91B-7%+2%173%n/an/an/a
Ts Financial 2887.TWTaiwan$29.2B+62%+200%19%n/an/an/a
Azimut AZM.MIItaly$5.70B-1%+17%46%n/an/an/a
Blue Owl Capital OBDCUnited States$5.39B-4%+1%54%n/an/an/a
Main Street Capital MAINUnited States$5.33B+6%+3%91%n/an/an/a

Questions

Who are Bajaj Holdings & Investment's main competitors?
Named competitors: Bajaj Auto (BAJAJ-AUTO.NS), Bajaj Finserv (BAJAJFINSV.NS), Tata Sons (private or unlisted), Tata Investment Corporation (TATAINVEST.NS). The cockpit's measured peer set (industry) also includes Washington H. Soul Pattinson and (SOL.AX), Ares Capital (ARCC), Investment AB Latour (LATO-B.ST), BitMine Immersion Technologies (BMNR), SBI (8473.T), L E Lundbergforetagen (LUND-B.ST).
How has Bajaj Holdings & Investment stock performed?
Over six months to 6 Nov 2026 the shares returned +4.2% against +1.4% for the median peer; over one year -11.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.