A decade of multibaggers! Bajaj Group's wealth creation legacy sets stage for Bajaj Housing Finance IPO
As the highly anticipated IPO of Bajaj Housing Finance looms, ETMarkets analysed the stock and earnings performance of the Bajaj group’s companies, which revealed a strong performance across sectors.
Stocks like Bajaj Finance, Bajaj Finserv, Maharashtra Scooters, and Bajaj Auto have soared by over 1000%, turning early investors into potential millionaires.
Bajaj Finance, the group's flagship company, has delivered a massive 2876% return over the past decade, making it one of the most storied stocks on the Street.
The stock appreciation has coincided with strong earnings growth for the company, where the profitability grew at a CAGR (compound annual growth rate) of 34% during FY14-FY24. The sales during the same period clocked a CAGR of around 29.8%.
Bajaj Finserv, the parent company of Bajaj Finance, has also been rewarding its investors with a gain of 1600% in the last 10 year period.
While traditional businesses like Bajaj Auto and Bajaj Electricals have grown steadily, with 377% and 242% returns respectively, the financial arm of the group has been the star performer.
Also Read: Bajaj Housing Finance IPO: What you need to know about special quota if you hold Bajaj Finance shares
Bajaj Electricals, Bajaj Hindusthan Sugar were one of the oldest listed companies of the group as the debuts predate to the 19th century. Meanwhile, the demerger of Bajaj Finance in 2008 created separate entities of Bajaj Auto, Bajaj Holdings and Bajaj Finserv.
Bajaj Holdings and Investment, with a 725% price increase, also
