Bajaj Finserv Ltd logo

Bajaj Finserv Ltd

BAJAJFINSV NSE

Key Fundamentals

LargecapHolding CompanyFinancial Services
Market Cap
3.2L Cr
Volatility
Moderate
P/E Ratio
31.71
EBITDA
₹56,769 Cr
Return on Equity
13.95%
Debt to Equity
5.52
Book Value
₹486.34
EPS
₹52.25
52W High
₹2,195
52W Low
₹1,597

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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42 extracted metrics + investor summaries across FY12–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company's median sales growth is 20.2% of last 10 years

Weaknesses

3
  • Stock is trading at 4.12 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.8% over last 3 years.

Growth Rate

Revenue Growth
13.23% ↗
Net Income Growth
12.03% ↘
Cash Flow Change
10.44% ↗
ROE
2.05% ↘
ROCE
-1.88% ↘
EBITDA Margin (Avg.)
1.86% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Bajaj Finserv Ltd is a large-cap financial services conglomerate with a market cap of ₹3,22,831 Cr, trading at a PE of 15.6x and PB of 4.13x. The company has delivered consistent 20%+ compounded sales growth over 10 years, though recent profit growth has moderated to 8% TTM and ROE remains in the 13-14% range.

Bull Case 7
  • Strong 10-year compounded sales CAGR of 22%, indicating sustained long-term revenue momentum in financial services
  • Median sales growth of 20.2% over the last 10 years demonstrates consistency in top-line expansion across business cycles
  • PE ratio of 15.6x is relatively moderate for a large-cap financial services holding company, suggesting valuation is not at extreme levels
  • 10-year compounded profit CAGR of 18% shows the company has historically translated revenue growth into meaningful earnings growth
  • 5-year compounded sales CAGR of 20% indicates growth momentum was maintained even through the pandemic period
  • 10-year stock CAGR of 22% demonstrates long-term wealth creation track record for shareholders
  • Large market cap of ₹3,22,831 Cr provides liquidity, institutional participation, and scale advantages in financial services distribution
Bear Case 8
  • Stock trades at 4.13x book value, which is elevated for a holding company with ROE of only 13-14%
  • ROE has remained flat at 13-14% across 3-year, 5-year, and 10-year periods, showing no improvement in capital efficiency despite scale
  • TTM profit growth has decelerated sharply to 8% compared to the 5-year CAGR of 17%, signaling earnings momentum slowdown
  • Low interest coverage ratio raises concerns about debt servicing capacity relative to operating earnings in a rising rate environment
  • Dividend yield of just 0.07% provides negligible income return to shareholders despite the company's scale
  • 1-year stock CAGR of only 6% and 5-year CAGR of 7% suggest muted recent returns relative to the broader market
  • 3-year stock CAGR of 11% lags the 3-year compounded sales growth of 22%, indicating market is not fully rewarding top-line expansion
  • TTM sales growth of 15% is below the 10-year median of 20.2%, suggesting a deceleration in the core growth trajectory

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 20h ago
Headwinds 3
  • General insurance PAT decline Aug 1

    General insurance segment PAT fell due to lower capital gains in Q1FY27, despite premium growth in the segment.

  • Rajiv Bajaj exits board Aug 3

    Non-Executive Director Rajiv Bajaj retired from the board at the 19th AGM on July 31, 2026, citing commitments at Bajaj Auto.

  • Q1 PAT inflated by MTM gains Aug 1

    Q1FY27 PAT of ₹3,132 crore was heavily influenced by unrealized mark-to-market gains, with core operations growing only 5%.

Positives 4
  • Q1 FY27 PAT up 18% Aug 5

    Bajaj Finserv reported 18% profit growth to ₹6,297 crore and 19% revenue growth in Q1FY27, with strong AUM expansion across insurance and lending.

  • Insurance premiums surge in July Aug 7

    Bajaj Life new business premium rose 20% YoY to ₹1,386 crore and Bajaj General premium reached ₹2,375 crore in July 2026.

  • Lending AUM up 24% Aug 1

    BFL and BHFL demonstrated robust AUM growth of 24% in Q1FY27, showing strong momentum in the lending businesses.

  • Life insurance VNB jumps 87% Aug 1

    Life insurance value of new business surged 87% in Q1FY27, indicating significantly improved profitability of new policies sold.

Neutral 5
  • Multiple block trades executed Aug 5

    Several institutional block trades recorded between Jul 24 and Aug 5 on NSE and BSE, totalling over ₹440 crore across multiple transactions at prices ranging from ₹1,885 to ₹2,096 per share.

  • Investor roadshow in Asia Jul 23

    Bajaj Finserv scheduled analyst and institutional investor meetings in Singapore and Hong Kong from August 3-6, 2026.

  • Investor meet at Emkay event Aug 7

    Bajaj Finserv will hold an in-person meeting with institutional investors on August 12, 2026, in Mumbai at the Emkay Confluence 2026.

  • ₹1.50 dividend declared for FY26 Aug 3

    Bajaj Finserv declared a ₹1.50 per share dividend for FY26 at its 19th AGM held on July 31, 2026.

  • Q1FY27 earnings call held Aug 1

    Earnings conference call conducted on July 31, 2026, to discuss results for the quarter ended June 30, 2026.

TL;DR: Bajaj Finserv delivered a strong Q1FY27 with 18% PAT growth, 24% lending AUM expansion, and 87% jump in life insurance VNB. Key risks include general insurance profit pressure from lower capital gains and core operating growth of only 5% when stripping out MTM gains. Heavy institutional block trade activity and overseas roadshows signal sustained large-investor interest. The trend is broadly positive with lending and life insurance driving momentum, though quality of earnings warrants monitoring in coming quarters.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
23,280
26,023
29,038
32,041
31,480
33,704
32,042
36,595
35,288
37,403
39,708
38,494
42,037
Expenses
13,935
16,073
18,601
21,108
19,655
21,420
19,669
23,868
20,973
23,352
25,842
23,983
24,896
Operating Profit
9,345
9,950
10,438
10,933
11,825
12,283
12,373
12,728
14,315
14,050
13,866
14,511
17,141
OPM %
40%
38%
36%
34%
38%
36%
39%
35%
41%
38%
35%
38%
41%
Other Income
3
0
2
4
3
3
3
10
13
3
-378
25
5
Interest
4,020
4,449
4,777
5,154
5,592
6,046
6,276
6,396
6,807
6,901
7,232
7,291
7,834
Depreciation
202
209
232
257
267
275
288
339
317
327
330
317
380
PBT
5,125
5,292
5,431
5,527
5,968
5,966
5,812
6,002
7,204
6,825
5,926
6,928
8,932
Tax %
28%
29%
26%
26%
29%
30%
24%
21%
26%
30%
26%
25%
30%
Net Profit
3,709
3,756
4,045
4,085
4,209
4,180
4,412
4,756
5,329
4,746
4,368
5,226
6,297
EPS in Rs
12.2
12.09
13.52
13.28
13.39
13.07
13.97
15.14
17.46
14.04
13.95
15.86
19.57
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
11,335
20,533
24,507
32,862
42,605
54,351
60,592
68,406
82,072
1,10,382
1,32,944
1,50,530
1,57,642
Expenses
5,823
13,795
15,794
22,074
27,569
36,094
40,950
46,951
52,204
69,497
83,420
93,433
98,074
Operating Profit
5,511
6,739
8,713
10,788
15,037
18,258
19,641
21,455
29,868
40,886
49,524
57,098
59,568
OPM %
49%
33%
36%
33%
35%
34%
32%
31%
36%
37%
37%
38%
38%
Other Income
8
0
0
1
2
0
-7
8
1
-4
-18
-382
-344
Interest
2,230
2,877
3,716
4,531
6,657
9,500
9,274
9,629
12,380
18,607
24,587
28,541
29,259
Depreciation
38
58
73
160
226
457
498
563
678
900
1,170
1,291
1,354
PBT
3,251
3,804
4,925
6,099
8,155
8,302
9,862
11,271
16,811
21,375
23,748
26,883
28,612
Tax %
26%
27%
30%
32%
34%
28%
25%
26%
27%
27%
26%
27%
—
Net Profit
2,409
2,775
3,450
4,176
5,374
5,994
7,367
8,314
12,210
15,595
17,558
19,669
20,637
EPS in Rs
10.62
11.71
14.21
16.65
20.23
21.17
28.09
28.63
40.29
51.07
55.57
61.24
63.42
Div. Payout %
2%
1%
1%
1%
1%
2%
1%
1%
2%
2%
2%
2%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
80
80
80
80
80
80
80
80
159
159
160
160
Reserves
11,009
13,519
16,071
20,403
23,660
31,222
35,750
40,167
46,248
60,169
72,236
77,755
Borrowings
26,312
36,062
48,282
65,695
99,754
1,27,212
1,28,461
1,61,179
2,12,265
2,88,933
3,55,855
4,29,914
Other Liabilities
50,827
54,290
64,181
75,337
84,934
92,791
1,15,554
1,31,987
1,46,729
1,88,154
2,23,269
2,50,666
Total Liabilities
88,228
1,03,951
1,28,614
1,61,514
2,08,428
2,51,304
2,79,845
3,33,413
4,05,401
5,37,415
6,51,519
7,58,495
Fixed Assets
1,261
1,274
1,645
1,792
2,097
3,216
3,182
3,586
4,336
5,455
6,297
6,729
CWIP
3
11
4
28
66
45
129
113
191
220
314
321
Investments
51,367
53,698
62,658
69,428
81,679
91,821
1,13,654
1,19,222
1,36,176
1,70,127
1,90,130
1,94,414
Other Assets
35,598
48,969
64,306
90,266
1,24,587
1,56,223
1,62,879
2,10,493
2,64,698
3,61,613
4,54,778
5,57,031
Total Assets
88,228
1,03,951
1,28,614
1,61,514
2,08,428
2,51,304
2,79,845
3,33,413
4,05,401
5,37,415
6,51,519
7,58,495
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-10,731
-9,795
-10,922
-19,580
-27,076
-23,369
4,547
-33,670
-39,480
-65,502
-61,750
-55,301
Investing
3,709
-886
151
-922
-6,903
-9,948
-3,684
1,445
-13,945
-14,132
-7,987
-12,635
Financing
6,839
11,602
12,513
19,590
34,535
34,479
1,687
32,326
51,016
82,709
69,828
66,610
Net Cash Flow
-183
921
1,742
-911
555
1,162
2,551
101
-2,409
3,075
92
-1,326
Free Cash Flow
-10,731
-9,795
-10,922
-19,883
-27,646
-24,239
4,096
-34,420
-40,603
-66,811
-63,466
-56,619
CFO/OP
-195
-145
-125
-162
-161
-113
34
-142
-117
-146
-111
-84
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
17
12
19
19
19
18
17
16
15
20
23
23
Cash Conversion Cycle
17
12
19
19
19
18
17
16
15
20
23
23
Working Capital Days
-741
-341
-301
-750
-644
-417
-490
-493
-444
-406
-377
-364
ROCE %
15%
14%
14%
13%
13%
11%
10%
10%
11%
12%
11%
11%

Shareholding Pattern

As of Jun 2026
Promoters 58.71%
Others 12.81%
DIIs 12.10%
Public 9.48%
FIIs 6.91%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
60.80%
60.80%
60.80%
60.80%
60.77%
60.80%
60.75%
60.75%
60.78%
60.79%
60.69%
60.69%
60.69%
60.64%
60.64%
60.64%
60.64%
58.81%
58.81%
58.81%
58.71%
58.71%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7.65%
0.00%
8.43%
8.39%
8.24%
7.40%
7.52%
8.40%
8.11%
8.06%
7.24%
6.91%
DIIs
4.70%
4.71%
5.25%
5.40%
5.76%
6.31%
6.16%
6.90%
7.10%
7.29%
7.10%
6.74%
7.32%
7.60%
8.13%
8.92%
9.01%
10.09%
10.49%
10.74%
11.76%
12.10%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
16.81%
16.36%
16.33%
16.30%
16.46%
16.74%
11.94%
12.20%
12.95%
12.07%
11.58%
11.06%
10.80%
10.65%
10.30%
10.34%
10.12%
9.88%
9.76%
9.74%
9.43%
9.48%
Others
17.69%
18.13%
17.62%
17.49%
17.01%
16.14%
21.15%
20.15%
19.18%
19.85%
12.98%
21.51%
12.77%
12.72%
12.69%
12.70%
12.71%
12.81%
12.83%
12.65%
12.86%
12.81%
No. of Shareholders
0
1,94,174
1,76,219
2,02,188
2,27,973
2,43,853
2,99,380
5,63,432
6,31,436
6,91,234
6,60,295
5,85,220
5,67,041
7,08,432
8,07,360
7,77,680
7,08,845
6,83,279
6,39,624
6,17,071
6,01,457
5,97,797

Documents

1
Concall - Mar 2018 Mar 2018
2
Concall - Jun 2018 Jun 2018
3
Concall - Jun 2018 Jun 2018
4
Concall - Sep 2018 Sep 2018
5
Concall - Mar 2019 Mar 2019

Frequently Asked Questions about Bajaj Finserv Ltd

What does Bajaj Finserv Ltd do?
Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of li...
Where is Bajaj Finserv Ltd (BAJAJFINSV) listed?
Bajaj Finserv Ltd is listed on the Indian stock exchanges. It is listed on NSE: BAJAJFINSV and BSE: 532978. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Bajaj Finserv Ltd belong to?
Bajaj Finserv Ltd operates in the Financial Services sector within the Holding Company industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Bajaj Finserv Ltd?
Bajaj Finserv Ltd has a market capitalisation of approximately ₹320638.18 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Bajaj Finserv Ltd?
The Price-to-Earnings (PE) ratio of Bajaj Finserv Ltd is 31.71. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Bajaj Finserv Ltd?
Over the past 52 weeks, Bajaj Finserv Ltd has traded between a low of ₹1,597 and a high of ₹2,195. This range helps investors understand the stock's price volatility and recent trading levels.
Does Bajaj Finserv Ltd pay dividends?
Yes, Bajaj Finserv Ltd has a dividend yield of 0.07%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Bajaj Finserv Ltd?
Bajaj Finserv Ltd has a Return on Equity (ROE) of 13.95%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Bajaj Finserv Ltd on Tapetide?
On Tapetide, you can view Bajaj Finserv Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.[1]

Website bajajfinserv.in
CEO Mr. Sanjivnayan Rahulkumar Bajaj
Employees 1,04,668
Listed 2008-05-26
Face Value ₹ 1
Issued Size 1,59,78,13,220

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