Bajaj Finserv Ltd.

Financial

	Bajaj Finserv	Indian Railway Fin.	JIO Financial Serv.
Operational Metrics
General Insurance Sector
Float	10404.51 Crs	n/a	n/a
Yield On Total Investments - General Insurance	5.4 %	n/a	n/a
Combined Ratio	101.1 %	n/a	n/a
Monthly Gross Direct Premium Income (GDPI)	1218.86 Crs	n/a	n/a
Risk Retention Ratio	37.34 %	n/a	n/a
Life Insurance Sector
AUM - Life Insurance	122023.0 Crs	n/a	n/a
New Business Performance - Life Insurance	1080.33 Crs	n/a	n/a
Embedded Value	21726.0 Crs	n/a	n/a
Value Of New Business Margin (VNB)	15.1 %	n/a	n/a
Management Expense Ratio - Life Insurance	26.8 %	n/a	n/a
13 Month Persistency Ratio	77.5 %	n/a	n/a
61 Month Persistency Ratio	53.4 %	n/a	n/a
Commission Ratio - Life Insurance	10.6 %	n/a	n/a
Financials
5 yr Average ROE	12.38 %	12.91 %	0.44 %
5yr average Equity Multiplier	8.34	10.32	1.09
5yr Average Asset Turnover Ratio	0.21	0.05	0.41
5yr Avg Net Profit Margin	7.08 %	26.37 %	30.08 %
Price to Book	4.69	3.12	1.05
P/E	37.34	24.87	89.3
5yr Avg Cash Conversion Cycle	15.6 Days	n/a	127.09 Days
Inventory Days	0.0	n/a	339.1 Days
Days Receivable	15.6 Days	n/a	127.09 Days
Days Payable	19.43 Days	n/a	42.2 Days
5yr Average Interest Coverage Ratio	2.12	n/a	3.01
5yr Avg ROCE	15.8 %	n/a	1.36 %
5yr Avg Operating Profit Margin	34.09 %	n/a	84.8 %
5 yr average Debt to Equity	4.19	n/a	0.08
5yr CAGR Net Profit	19.32 %	n/a	-18.34 %
5yr Average Return on Assets	1.48 %	n/a	0.35 %
Shareholdings
Promoter Holding	60.64 %	86.36 %	47.12 %
Share Pledged by Promoters	0.01 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.16 %	0.0	0.35 %
Change in Mutual Fund Holding (3 Yrs)	1.48 %	-1.8 %	0.42 %

Business

	Bajaj Finserv	Indian Railway Fin.	JIO Financial Serv.
Segment Break-Up	Segment Break-Up NBFC 46.72 Insurance 37.11 Investments 2.71 Wind 0.02 Others 13.44	-	-
Segment Break-Up	Segment Break-Up NBFC 46.72 Insurance 37.11 Investments 2.71 Wind 0.02 Others 13.44	-	-
Product Wise Break-Up	Product Wise Break-Up Fee and Commission 0 Dividend income 0 Interest income 0 Others 100	-	Product Wise Break-Up Fee and Commission 8.42 Interest income 47.92 Dividend income 0 Others 43.66
Location Wise Break-Up	Location Wise Break-Up India 100.0	Location Wise Break-Up India 100.0	Location Wise Break-Up India 100.0
Distribution Channel	Distribution Channel Banking 12.0 Others 88.0	-	-
Premium Break-Up - General Insurance	Premium Break-Up - General Insurance Motors 40.12 Health Insurance 37.53 Crop Insurance 8.87 Fire Equipment 2.69 PERSONAL ACCIDENT 2.22 MARINE 1.6 Worksmens Compensation 0.53 Public/Product Liability 0.32 Engineering 0.29 Aviation 0.02 Credit Insurance 0 Others 5.81	-	-
AUM Break-Up - NBFC	AUM Break-Up - NBFC Mortage 31.25 Consumer Finance 19.64 SME 12.65 Rural 7.75 Consumer Finance 7.59 Commercial Lending Business 5.82 Loans against securities 5.34 Consumer Finance 5.16 Rural 2.09 Others 2.71	-	-
Net Profit Break-Up	Net Profit Break-Up Loan 88.21 General Insurance 8.13 Life Insurance 3.66 WindMill 0 Investments 0	-	-