NSE BAJAJHFLCRISIL AAA, stableIndia Ratings AAA, stableCredit ratingA grade for how safely a company can repay what it borrows. AAA is the highest grade. A stable outlook means the agency does not expect to change it soon.It sets how cheaply the company can borrow, and so how cheaply it can lend.Housing finance companyMid-capMid-capAMFI ranks listed companies by market value twice a year: the 100 largest are large-cap, the next 150 mid-cap. Bajaj Housing Finance was large-cap from February 2025 and moved to mid-cap in the December 2025 review.Mutual funds sort the shares they may buy by this list, so the class shapes which funds can hold it.
A large housing lender from Pune that is growing faster than most rivals. It charges borrowers some of the lowest rates, which leaves it a thinner margin, and it has the fewest bad loans of the 17 HFCs that report them.
AUMAUMAll the loans it manages, as each lender reports it. That can include loans it has sold to other lenders but still collects.The usual way to measure how big a lender is. The typical HFC is the middle of the 19 that report this: half are above it, half below.Loan book₹1,14,684 CrLent ₹50,843 Cr of new loans in the year
AUM growth YoYAUM growth YoYHow much the loan book grew over the year.Fast growth wins customers, but the loans still have to be repaid. The typical HFC is the middle of the 18 that report this: half are above it, half below.Higher is betterLoan book growth26.0%The typical HFC grew 20.0%
7th fastest of 18Where it stands
Where it standsEach mark is one of the 19 HFCs that report AUM for the year, smallest on the left. Filled marks are the lenders it is bigger than; its own mark is dark. Point at a mark to see which HFC it is.Yield on loansYield on loansThe average interest rate it earned on its loans over the year.A low rate is good for borrowers but leaves the lender a thinner margin. The typical HFC is the middle of the 18 that report this: half are above it, half below.Rate it charges3rd lowest of 18
9.84%Borrows at 7.91%, keeps a gap of 1.93%GNPAGNPALoans more than 90 days overdue, or unlikely to be repaid in full, as a share of all loans.The clearest sign of how good its lending is. The typical HFC is the middle of the 17 that report this: half are above it, half below.Lower is betterBad loans, Gross Stage 3Lowest of 17
0.29%The typical HFC: 1.81%#2of 19 HFCs by loan book
Only one HFC is larger
Amounts in
All 19 HFCs
FY 2024-25. Select a column to sort it, a lender to open its page.#
Company
AUMAll the loans it manages, as each lender reports it. That can include loans it has sold to other lenders but still collects.The usual way to measure how big a lender is. The typical HFC is the middle of the 19 that report this: half are above it, half below.₹ crore
Net profitProfit after tax for the year.The typical HFC is the middle of the 19 that report this: half are above it, half below.₹ crore
Return on assetsProfit after tax for every ₹100 of assets.How well it turns its loans into profit. The typical HFC is the middle of the 19 that report this: half are above it, half below.Higher is betterhigher is better
Return on equityProfit after tax for every ₹100 put in by its shareholders.The return its owners earn. The typical HFC is the middle of the 19 that report this: half are above it, half below.Higher is betterhigher is better
Interest marginInterest earned minus interest paid, for every ₹100 of assets.The core earning power of a lender. The typical HFC is the middle of the 18 that report this: half are above it, half below.Higher is betterhigher is better
Cost to incomeRunning costs for every ₹100 of income.Lower means a leaner, more efficient lender. The typical HFC is the middle of the 19 that report this: half are above it, half below.Lower is betterlower is better
GNPALoans more than 90 days overdue, or unlikely to be repaid in full, as a share of all loans.The clearest sign of how good its lending is. The typical HFC is the middle of the 17 that report this: half are above it, half below.Lower is betterlower is better
Loan lossesMoney set aside for bad loans during the year, as a share of the loan book.It comes straight out of profit. The typical HFC is the middle of the 18 that report this: half are above it, half below.Lower is betterlower is better
Capital ratioIts own capital as a share of its loans, weighted by risk. RBI requires at least 15%.A cushion that absorbs losses. Higher is safer. The typical HFC is the middle of the 17 that report this: half are above it, half below.Higher is betterhigher is better
Debt to equityRupees borrowed for every rupee of its own money.More debt lifts returns in good years and adds risk in bad ones. The typical HFC is the middle of the 18 that report this: half are above it, half below.Lower is betterlower is better
1
Locked lender, pending review
3,07,732
5,429
1.83%
16.00%
2.73%
16.22%
2.47%
0.09%
23.20%
8.18×
2
Bajaj Housing Finance
1,14,684
2,163
2.40%
13.40%
3.26%
20.80%
0.29%
0.07%
28.24%
4.70×
3
Locked lender, pending review
80,689
485.5
0.54%
1.80%
3.58%
95.21%
2.18%
1.60%
30.56%
2.22×
4
Locked lender
80,397
1,936
2.55%
12.19%
3.70%
24.58%
1.08%
−0.20%
29.38%
3.69×
5
Locked lender, pending review
62,346
−1,807
−2.52%
−8.69%
3.33%
13.81%
1.81%
7.08%
29.52%
2.19×
6
Locked lender, pending review
38,217
857.2
2.24%
16.92%
3.64%
17.12%
0.87%
0.20%
25.08%
6.98×
7
Locked lender, pending review
31,053
323.4
1.46%
11.03%
5.07%
57.98%
0.66%
0.24%
16.54%
6.96×
8
Locked lender
20,420
574.1
3.27%
14.12%
7.64%
43.76%
1.08%
0.15%
44.50%
3.22×
9
Locked lender, pending review
15,228
4,241
30.61%
33.88%
2.48%
4.60%
9.67%
1.84%
54.16%
0.09×
10
Locked lender, pending review
14,492
439.4
3.10%
15.20%
5.20%
26.20%
3.99%
−0.25%
37.09%
3.51×
11
Locked lender, pending review
12,713
382.0
3.50%
16.50%
5.21%
35.80%
1.68%
0.26%
32.80%
3.63×
12
Locked lender, pending review
11,423
323.9
3.18%
9.06%
7.82%
46.78%
1.46%
0.76%
59.35%
1.70×
13
Locked lender, pending review
10,497
160.4
1.48%
8.14%
3.28%
38.70%
2.96%
0.16%
34.92%
4.56×
14
Locked lender, pending review
8,189
377.9
5.60%
15.10%
8.69%
37.30%
0.99%
0.32%
60.59%
1.83×
15
Locked lender, pending review
2,280
59.34
3.20%
7.70%
n/a
40.85%
n/a
n/a
n/a
n/a
16
Locked lender
759.4
24.39
3.17%
11.52%
10.63%
65.78%
1.84%
0.21%
47.75%
2.54×
17
Locked lender
520.7
11.10
2.12%
8.02%
7.69%
58.47%
1.84%
1.08%
50.55%
2.62×
18
Locked lender, pending review
63.63
0.648
0.75%
1.25%
8.59%
88.90%
n/a
−0.20%
n/a
0.65×
19
Locked lender, pending review
49.61
0.270
0.27%
6.39%
3.45%
39.96%
3.17%
0.35%
75.92%
1.28×
Select a lender in the ranking below to follow it through every chart on this tab.5 HFCs have verified FY 2024-25 figures; the rest are pending review.
Where Bajaj ranks on every metric
FY 2024-25, 58 metrics in 7 groupsEach dot is an HFC. Right is better; where neither is better, higher. Pick a group, then a metric to rank every HFC on it.
Scale and profitability
BajajOther HFCsTypical HFC
AUM growth YoY, every HFC
Best first, 18 HFCs reporting1Locked lender, pending review68.6%
2Locked lender, pending review41.5%
3Locked lender, pending review35.0%
4Locked lender, pending review32.0%
5Locked lender, pending review31.1%
6Locked lender26.2%
7Bajaj Housing Finance26.0%
8Locked lender, pending review25.0%
9Locked lender22.0%
10Locked lender17.9%
11Locked lender, pending review17.0%
12Locked lender13.0%
13Locked lender, pending review9.2%
14Locked lender, pending review7.3%
15Locked lender, pending review7.2%
16Locked lender, pending review2.1%
17Locked lender, pending review−14.1%
18Locked lender, pending review−15.1%
Typical HFC 20.0%Pending review