Bajaj Housing Finance Limited (BHFL) is a leading housing finance company in India, offering home loans, loans against property, and construction finance to retail and self-employed customers. A subsidiary of Bajaj Finance Limited, BHFL was carved out as a separate entity to focus exclusively on the housing credit segment, which remains underpenetrated in India (housing loan-to-GDP ratio: ~11% vs. 35%+ in developed markets). As of January 2026, BHFL is delivering strong growth—25.71% sales growth and 24.94% profit growth—with a robust advances book of ₹99,513 Cr and improving asset quality. However, it trades at a premium valuation and does not pay dividends, making it a pure growth play. This article provides a data-driven outlook on the Bajaj Housing Finance share price target 2026–2030.
Bajaj Housing Finance: Company Overview
- Founded: 2023 (as a demerged entity from Bajaj Finance)
- Managing Director: Mr. Sanjiv Bajaj
- NSE Symbol: BAJAJHFL
- Core Business:
- Home Loans (65%)
- Loan Against Property (25%)
- Construction Finance & Affordable Housing (10%)
- Market Position: Fast-growing HFC with strong underwriting; leverages Bajaj Finance’s digital stack and risk engine
BHFL benefits from India’s urbanization, rising home ownership aspirations, and government schemes like PMAY (Pradhan Mantri Awas Yojana).
Bajaj Housing Finance: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹90.40 |
| Market Capitalization | ₹75,324.30 Cr |
| No. of Shares Outstanding | 833.23 Cr |
| P/E Ratio (TTM) | 31.90 |
| P/B Ratio | 3.56 |
| EPS (TTM) | ₹2.83 |
| Book Value (TTM) | ₹25.42 |
| ROE | 13.45% |
| ROCE | 9.56% |
| Dividend Yield | 0.00% |
| Face Value | ₹10 |
| Operating Revenue | ₹9,575.61 Cr |
| Net Profit | ₹2,162.90 Cr |
| Promoter Holding | 86.70% |
| Sales Growth (YoY) | 25.71% |
| Profit Growth (YoY) | 24.94% |
Bajaj Housing Finance Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹98 – ₹110 |
| 2027 | ₹108 – ₹125 |
| 2028 | ₹118 – ₹142 |
| 2029 | ₹128 – ₹160 |
| 2030 | ₹138 – ₹180 |
Bajaj Housing Finance Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹98 | ₹110 |
BHFL reported 24.94% YoY profit growth and 25.71% sales growth in FY2025, driven by strong disbursements and stable asset quality (GNPA: ~1.2%). Trading at a P/E of 31.9x and P/B of 3.56x, the stock reflects a premium valuation typical of high-growth HFCs. A 2026 target range assumes continued execution in tier-2/3 cities and no major macro disruptions.
Bajaj Housing Finance Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹108 | ₹125 |
If BHFL sustains 20–25% earnings growth and benefits from affordable housing tailwinds, EPS could reach ₹3.20–₹3.40 by FY27. Assuming a P/E of 32–34x, the 2027 target range is justified.
Bajaj Housing Finance Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹118 | ₹142 |
By 2028, benefits from digital origination and cross-selling with Bajaj Finance should reflect in margins. A P/E of 33–35x on projected EPS of ₹3.40–₹3.70 supports the ₹118–₹142 band.
Bajaj Housing Finance Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹128 | ₹160 |
Long-term tailwinds include India’s housing shortage (20 million units) and rising credit penetration. If competition doesn’t erode pricing, EPS could reach ₹3.70–₹4.00 by FY29. At a P/E of 34–36x, the 2029 target is ₹128–₹160.
Bajaj Housing Finance Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹138 | ₹180 |
Over a five-year horizon, BHFL remains a high-growth housing finance compounder. A terminal P/E of 35–38x on FY30 EPS (~₹3.90–₹4.30) justifies the ₹138–₹180 range.
Bajaj Housing Finance: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (Bajaj Finance) | 86.70% |
| Public & Retail | 10.97% |
| Domestic Institutional Investors (DII) | 1.39% |
| Foreign Institutional Investors (FII) | 0.94% |
High promoter holding ensures strategic alignment with the Bajaj Group vision.
Bajaj Housing Finance: Strengths vs Risks
Strengths:
- Backed by Bajaj Finance’s brand and tech stack
- Strong ROE (13.45%) and consistent 25%+ growth
- Low GNPA (<1.5%) and high provision coverage
- Focus on high-margin LAP and affordable housing
Risks:
- No dividend payout (0% yield)
- High P/E leaves little room for execution misses
- Interest rate sensitivity (floating-rate loans)
- Contingent liabilities of ₹1,200 Cr require monitoring
- Profit-taking after a strong post-listing rally
- Concerns over higher interest rates impacting home loan demand
- Broader market rotation away from newly listed financial stocks
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than market average (Beta: 1.3) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Growth investors seeking exposure to India’s housing finance boom |
Final Verdict
Bajaj Housing Finance is a high-quality, fast-growing housing lender with unmatched backing from Bajaj Finance. While not cheap, its premium valuation is backed by sustainable competitive advantages.
Our Bajaj Housing Finance share price target 2026–2030 (₹98 to ₹180) reflects steady earnings growth, multiple stability, and sustained investor confidence. Upside is substantial if housing demand holds; downside is cushioned by parent support.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Bajaj Housing Finance Consolidated Page (FY2025 + TTM)
- Finology Ticker – BAJAJHFL Financials & Analysis
- Moneycontrol – BHFL Stock Profile & Demerger Details
- RBI Housing Finance Report 2025
- Bajaj Housing Finance Investor Presentation (Q3 FY26, Jan 2026)
