5 stocks of holding companies listed in India with an M-Cap above Rs. 10,000 Cr.
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1. Bajaj Finserv:
The stock is among the most expensive stocks last listed at a price of Rs. 18,255, while its highest price over 52 weeks is Rs. 19,325. The company has a market capitalization of Rs. . 2 90 846 crores.
Bajaj Finserv, established in 2007, is the result of its split from the Bajaj automotive group and was to continue its foray and expansion in the financial services field. The split allowed the company to independently manage loans, protection and savings. It is the holding company of companies dealing in the field of financial services of Bajaj Group
The company’s second quarter results are expected on October 28, 2021. In the previous quarter, the company’s total operating income was Rs. 22.89 crore and net profit was Rs. 0, 37 crore.
For fiscal year 21, the company declared a total dividend of Rs. 8 per share.
2. Bajaj Holdings and Investments:
It is an NBFC company and was split whereby its manufacturing business was transferred to the new Bajaj Auto Limited (BAL) and its strategic business enterprise consisting of wind farm and financial services business was transferred. to Bajaj Finserv Limited (BFS). All companies and all properties, assets, investments and liabilities of the former Bajaj auto Ltd, other than the manufacturing company and the strategic trading company, now remain with BHIL
After the demerger, BHIL owns more than 30% of the shares each in BAL and BFS. In the future, BHIL will focus on new business opportunities. BAL and BFS will be able to tap (at arm’s length) into BHIL’s cash pool to support future growth opportunities. BHIL, by holding 30% of the capital of both BAL and BFS, will benefit from the future growth of these companies.
The script was last traded at a price of Rs. 4744 per share on the NSE and commands a market cap of Rs. 52,729 crore. The company’s latest results are expected to be released on October 28, 2021.
The company, as an interim dividend, declared a dividend in the considerable amount of Rs. 90 per share for which the stock became ex-dividend on September 28, 2021. This dividend declaration yielded a huge boost to action.
3. Capital Aditya Birla:
It is again a financial sector holding company. The share’s m-cap stands at Rs. 24,281 crores. The company is again the holding company for the financial services activities of the Aditya Birla group. ABCL is a group of universal financial solutions that meets the diverse needs of its clients at all stages of their lives. As of June 30, 2021, Aditya Birla Capital Limited manages aggregate assets under management of over Rs. 3,430 billion, has a consolidated loan portfolio of approx. Rs. 572 billion, and an active customer base of over 25 million, through its subsidiaries and joint ventures.
Aditya Birla Capital Limited is part of the Aditya Birla group, in the Fortune 500 league.
The company’s shares last traded at a price of Rs. 100 per share. In the previous quarter, the company’s profit was Rs. 26.49 crore lower than the previous quarter when the profit was Rs. 62.4 crore.
4. L&T Finance participations:
L&T Finance Holdings (LTFH) is a leading and well-diversified non-bank finance company (NBFC) with a focused range of financial products and services in rural finance, housing and infrastructure as well as mutual funds. The company is promoted by Larsen & Toubro Ltd. (L&T), one of the largest conglomerates in India, with interests in electrical and electronic engineering, construction, manufacturing and services, IT and L&T Financial Services (LTFS) is the brand name of LTFH and provides financial solutions to a diverse customer base through its lending and non-lending activities.
L&T Financial Services (LTFS) is the brand name of LTFH and provides financial solutions to a diverse customer base through its lending and non-lending businesses. The lending activity includes rural financing (financing of agricultural equipment, financing of two-wheelers, micro-loans and consumer loans), financing of housing (mortgage loans, loans on real estate and real estate) and financing infrastructure.
The company’s latest certificate traded for Rs. 84.80 and its market capitalization is Rs. 20,929 crore.
5. Cholamandalam Financial:
Belonging to the Murugappa group, it is the core investment company. The company’s shares last traded at a price of Rs. 691.5 while its market cap was Rs. 12,981 crore.
Cholamandalam Financial Holdings Limited (CFHL) (formerly TI Financial Holdings Limited) was incorporated in 1949. Following the plan of arrangement (demerger) sanctioned by the National Company Law Tribunal, the manufacturing activity of the company was transferred to a distinct society. and the company retained its fundraising activities.
Other holding companies listed in India
In addition to the list of other holding companies, names such as Kama Holdings, JSW Holdings, Pilani Investment, Tata Investment, Kirloskar Industries, BF Investment, STEL Holdings, Equitas Holdings, Max Ventures, JM Financial, GFL, Max India, Tamboli Capital, Innovassynth Investments Ltd and Toyam Industries.
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