Bajaj Finserv Ltd. benchmarking: Perfomance to industry peers

Financial

	Bajaj Finserv	JIO Financial Serv.	Shriram Finance
Operational Metrics
General Insurance
Float	10308.07 Crs	n/a	n/a
Yield On Total Investments - General Insurance	8.92 %	n/a	n/a
Combined Ratio	102.33 %	n/a	n/a
Monthly Gross Direct Premium Income (GDPI)	1910.14 Crs	n/a	n/a
Risk Retention Ratio	39.6 %	n/a	n/a
Life Insurance
AUM - Life Insurance	132060.0 Crs	n/a	n/a
New Business Performance - Life Insurance	1135.39 Crs	n/a	n/a
Embedded Value	23805.0 Crs	n/a	n/a
Value Of New Business Margin (VNB)	17.1 %	n/a	n/a
Management Expense Ratio - Life Insurance	24.2 %	n/a	n/a
13 Month Persistency Ratio	78.1 %	n/a	n/a
61 Month Persistency Ratio	48.8 %	n/a	n/a
Commission Ratio - Life Insurance	11.6 %	n/a	n/a
Financials
5 yr Average ROE	12.68 %	0.65 %	13.54 %
5yr average Equity Multiplier	8.53	1.11	5.42
5yr Average Asset Turnover Ratio	0.21	0.41	0.14
5yr Avg Net Profit Margin	7.17 %	44.35 %	18.42 %
Price to Book	4.38	1.43	2.66
P/E	34.6	118.33	16.32
5yr Avg Cash Conversion Cycle	19.49 Days	127.09 Days	n/a
Inventory Days	0.0	339.1 Days	n/a
Days Receivable	19.49 Days	127.09 Days	n/a
Days Payable	0.0	42.2 Days	n/a
5yr Average Interest Coverage Ratio	2.14	3.01	n/a
5yr Avg ROCE	15.85 %	1.36 %	n/a
5yr Avg Operating Profit Margin	34.82 %	84.8 %	n/a
5 yr average Debt to Equity	4.36	0.08	n/a
5yr CAGR Net Profit	14.69 %	-18.34 %	n/a
5yr Average Return on Assets	1.49 %	0.35 %	n/a
Shareholdings
Promoter Holding	58.81 %	47.12 %	25.39 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-1.94 %	0.35 %	-3.98 %
Change in Mutual Fund Holding (3 Yrs)	3.77 %	1.76 %	5.23 %

	Bajaj Finserv	JIO Financial Serv.	Shriram Finance
Segment Break-Up	Segment Break-Up NBFC 53.96 Insurance 39.51 Investments 4.97 Wind 0.03 Others 1.53	-	-
Segment Break-Up	Segment Break-Up NBFC 53.96 Insurance 39.51 Investments 4.97 Wind 0.03 Others 1.53	-	-
Product Wise Break-Up	Product Wise Break-Up Fee and Commission 0 Dividend income 0 Interest income 0 Others 100	Product Wise Break-Up Interest income 39.98 Fee and Commission 14.25 Dividend 27.41 Others 18.36	Product Wise Break-Up Interest income 0 Fee and Commission 0 Dividend income 0 Others 100
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 92.65 General Insurance 7.24 Windmill 0.1 Life Insurance 0 Investments 0 Others 0.01	-	-