NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Bajaj Housing Finance Ltd. delivered a steady Q4 FY26 performance, with RoA and RoE at 2.2% and 12%, respectively—aligning with both management guidance and eight-quarter average.
While intensified competition in the prime housing segment continues to pressure net interest margin, resulting in a flat sequential PAT of Rs 665 crore, management remains optimistic about maintaining a 2.0–2.2% RoA for FY27.
Improved operational efficiencies and moderated credit costs are likely to offset near-term spread compression and support RoA.
Leveraging its diversified portfolio across housing loan, lease rental discounting, developers finance, and loan against property, Bajaj Housing Finance appears well positioned to capture broader market share, targeting a 5% share of home loan originations, up from the current 2.5–2.7%.
ICICI Securities maintain Buy with an unchanged target price of Rs 125, valuing the stock at 4x FY27E P/B.
Click on the attachment to read the full report:
ALSO READ: SBI Cards Shares In Focus As Anand Rathi Maintains Bullish Call After Q4 Results — Should You Buy?
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
