---
title: "Bajrang Finance Ltd (511139) — Share Price, Financials & Analysis"
symbol: "511139"
company: "Bajrang Finance Ltd"
canonical: "https://tapetide.com/stocks/511139"
isin: "INE507J01017"
bse_code: "511139"
sector: "Services"
industry: "Commercial Services & Supplies"
generated_at: "2026-10-13T10:58:23.494Z"
---

# Bajrang Finance Ltd (511139)

Canonical page: https://tapetide.com/stocks/511139

## Company

- **BSE Code:** 511139
- **ISIN:** INE507J01017
- **Sector:** Services
- **Industry:** Commercial Services & Supplies
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2013-09-04
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** remigroup.com

## About

Bajrang Finance is engaged in the business of Finance & Investment Company.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.10 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.08% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 5% | -11% | -13% |
| revenue growth | -35% | 52% | -10% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.38 | 0.09 | 0.13 | 0.11 | 0.11 | 0.11 | 0.1 | 2.01 | 0.68 | 0.33 | 0.29 | 0.21 |
| Expenses | 0.06 | 0.07 | 0.05 | 0.06 | 0.08 | 0.07 | 0.06 | 0.07 | 0.05 | 0.06 | 0.08 | 0.26 |
| Operating Profit | 0.32 | 0.02 | 0.08 | 0.05 | 0.03 | 0.04 | 0.04 | 1.94 | 0.63 | 0.27 | 0.21 | -0.05 |
| OPM % | 84.21 | 22.22 | 61.54 | 45.45 | 27.27 | 36.36 | 40 | 96.52 | 92.65 | 81.82 | 72.41 | -23.81 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.32 | 0.02 | 0.08 | 0.05 | 0.03 | 0.04 | 0.04 | 1.95 | 0.63 | 0.27 | 0.21 | -0.06 |
| Tax % | 25 | 100 | 25 | 20 | 33.33 | 25 | 25 | 48.21 | 19.05 | 25.93 | 23.81 | 50 |
| Net Profit | 0.28 | 0.04 | 0.11 | 0.08 | 0.08 | 0.09 | 0.09 | 1 | 0.51 | 0.67 | 0.08 | -0.08 |
| EPS in Rs | 1.56 | 0.22 | 0.61 | 0.44 | 0.44 | 0.5 | 0.5 | 5.56 | 2.83 | 3.72 | 0.44 | -0.44 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.51 | 0.73 | 0.43 | 0.7 | 2.32 | 1.51 |
| Expenses | 0.22 | 0.65 | 0.51 | 0.24 | 0.27 | 0.46 |
| Operating Profit | 2.29 | 0.08 | -0.08 | 0.46 | 2.05 | 1.05 |
| OPM % | 91.24 | 10.96 | -18.6 | 65.71 | 88.36 | 69.54 |
| Other Income | 0 | 0 | 0 | 0 | 0.05 | 0 |
| Interest | 0.1 | 0.3 | 0.07 | 0 | 0 | 0.01 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2.19 | -0.22 | -0.15 | 0.46 | 2.1 | 1.04 |
| Tax % | 8.22 | -27.27 | -33.33 | 28.26 | 46.19 | 25.96 |
| Net Profit | 2.37 | 0.25 | 1.7 | 0.51 | 1.13 | 1.19 |
| EPS in Rs | 16.93 | 1.39 | 9.44 | 2.83 | 6.28 | 6.61 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.4 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 |
| Reserves | 13.72 | 17.57 | 20.07 | 20.71 | 21.77 | 22.75 |
| Borrowings | 3.5 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.08 | 0.06 | 0.05 | 0.04 | 0.04 | 0.15 |
| Total Liabilities | 18.7 | 19.43 | 21.92 | 22.55 | 23.61 | 24.7 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 7.07 | 17.32 | 17.11 | 17.4 | 18.98 | 19.11 |
| Other Assets | 11.63 | 2.11 | 4.81 | 5.15 | 4.63 | 5.59 |
| Total Assets | 18.7 | 19.43 | 21.92 | 22.55 | 23.61 | 24.7 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.48 | 6.35 | -1.04 | 0.52 | -0.43 | 1.18 |
| Cash from Investing Activity | 1.24 | -10.03 | 1.01 | -0.15 | 0.2 | -0.33 |
| Cash from Financing Activity | 3.5 | 0.5 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 3.25 | -3.18 | -0.02 | 0.37 | -0.22 | 0.85 |
| Free Cash Flow | -1.48 | 6.57 | -1.04 | 0.52 | -0.43 | 1.18 |
| CFO/OP | -57 | 7938 | 1300 | 120 | -19 | 138 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 1.45 | 105 | 178.26 | 0 | 0 | 82.19 |
| Cash Conversion Cycle | 1.45 | 105 | 178.26 | 0 | 0 | 82.19 |
| Working Capital Days | 1080.46 | 525 | 534.77 | 422.36 | 59.78 | 219.97 |
| ROCE % | — | 0.42 | -0.39 | 2.07 | 9.11 | 4.36 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 47.75% | 47.75% | 47.75% | 47.75% | 47.75% |
| Public | 52.25% | 52.25% | 52.25% | 52.25% | 52.25% |
| No. of Shareholders | 174 | 174 | 173 | 173 | 173 |

### Quarterly

| Category | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.75% | 47.75% | 47.75% | 47.75% | 47.75% | 47.75% | 47.75% | 47.75% | 47.75% | 47.75% | 47.75% | 47.75% |
| Public | 52.25% | 52.25% | 52.25% | 52.25% | 52.25% | 52.25% | 52.25% | 52.25% | 52.25% | 52.25% | 52.25% | 52.25% |
| No. of Shareholders | 174 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 173 | 172 | 172 | 173 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 7 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 428.73 | Sell |
| EMA (10) | 424.73 | Sell |
| SMA (20) | 425.29 | Sell |
| EMA (20) | 428.64 | Sell |
| SMA (50) | 442.87 | Sell |
| EMA (50) | 438.2 | Sell |
| SMA (100) | 448.62 | Sell |
| EMA (100) | 444.64 | Sell |
| SMA (200) | 452.09 | Sell |
| EMA (200) | 450.47 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.73 | Neutral |
| MACD (12,26,9) | -5.41 | Sell |
| Stochastic (14,3,3) | 26.77 | Neutral |
| ADX (14) | 12.11 | Neutral |
| Williams %R (14) | -69.94 | Neutral |
| ATR (14) | 16.93 | High Volatility |
| ROC (12) | 1.36 | Buy |
| Stoch RSI (14) | 36.57 | Neutral |
| UO (7,14,28) | 58.25 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-06 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 06.03.2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e21625c5-f764-4961-a5bc-e52018133c5c.pdf) |
| 2026-03-02 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/xml-data/corpfiling/AttachHis/83c15537-65b6-495a-ad8c-f5fcf12baaf5.pdf) |
| 2026-02-20 | [Presentation On Project Udaan Under Regulation 30 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3b3baf01-dbb2-4161-89f9-f23815588808.pdf) |
| 2026-02-11 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5A12BECF_DD7A_49D4_806B_6AE1D7B8687B_151916.pdf) |
| 2026-02-01 | [Regulation 30 Of The SEBI (LODR) Regulations 2015 - Repayment Of Indian Bank Term Loan Of Rs. 8.42 Crores](https://www.bseindia.com/xml-data/corpfiling/AttachHis/55b24dae-6750-4c7f-90b5-ab6bdafe6bee.pdf) |
| 2026-01-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/212bc8ea-3da8-4512-a53f-de292c7ebe01.pdf) |
| 2021-06-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=85292010-e964-4ab3-9515-f88df4360b98.pdf) |
| 2021-06-30 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/85292010-e964-4ab3-9515-f88df4360b98.pdf) |
| 2021-06-28 | [Standalone And Consolidated Audited Financial Results Of The Company For The Last Quarter And Year Ended 31St March, 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac0eb664-a645-418c-9b5f-92a5df5b8f96.pdf) |
| 2021-06-28 | [Standalone And Consolidated Audited Financial Results Of The Company For The Last Quarter And Year Ended 31St March, 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac0eb664-a645-418c-9b5f-92a5df5b8f96.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/511139/65633511139.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/511139/5111390319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/511139/5111390318.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/511139/5111390317.pdf) |
| Mar 2016 | [Annual Report 2016](https://www.bseindia.com/bseplus/AnnualReport/511139/5111390316.pdf) |
| Mar 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport/511139/5111390315.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/511139/5111390314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/511139/5111390313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/511139/5111390312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/511139/5111390311.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/212bc8ea-3da8-4512-a53f-de292c7ebe01.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2020-12-30 | Credit rating update — India Ratings |
| 2018-02-14 | Credit rating update — India Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:23.494Z.