Bajaj Finance Ltd logo

Bajaj Finance Ltd

BAJFINANCE NSE

Key Fundamentals

LargecapNBFCFinancial Services
Market Cap
6.8L Cr
Volatility
Moderate
P/E Ratio
33.57
EBITDA
₹55,740 Cr
Return on Equity
16.53%
Debt to Equity
3.78
Book Value
₹183.1
EPS
₹241.14
52W High
₹1,176.4
52W Low
₹787.9

Insights

Beta

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

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29 extracted metrics + investor summaries across FY08–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

3
  • Company has delivered good profit growth of 34.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.6%
  • Company's median sales growth is 29.4% of last 10 years

Weaknesses

3
  • Stock is trading at 5.98 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
19.09% ↗
Net Income Growth
15.21% ↗
Cash Flow Change
2.95% ↗
ROE
-2.54% ↘
ROCE
-2.46% ↘
EBITDA Margin (Avg.)
-1.90% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Bajaj Finance Ltd commands a market cap of ₹6,82,800 Cr at a PE of 32.5x and PB of 5.89x. The company has delivered 34% profit CAGR over five years with consistent ROE near 18-20%, though valuation remains elevated relative to book value and interest coverage remains a concern.

Bull Case 8
  • Strong 5-year compounded profit growth of 34% CAGR, demonstrating sustained earnings momentum
  • Consistent ROE of 18-20% over 3, 5, and 10-year periods, indicating efficient capital deployment
  • Median sales growth of 29.4% over the last 10 years reflects durable business model and market expansion
  • TTM revenue growth of 18% shows continued topline expansion even on a larger base of operations
  • 10-year compounded sales CAGR of 27% demonstrates long-term secular growth trajectory in consumer lending
  • 10-year stock CAGR of 27% has rewarded long-term shareholders with significant wealth creation
  • Healthy dividend payout ratio of 18.6% indicates shareholder-friendly capital allocation alongside growth reinvestment
  • Market cap of ₹6,82,800 Cr provides deep liquidity and institutional ownership comfort
Bear Case 8
  • Stock trades at 5.89x book value, significantly above NBFC sector averages, leaving limited margin of safety
  • Low interest coverage ratio raises concerns about debt servicing capacity in a rising rate environment
  • Potential capitalization of interest costs may overstate reported profitability and asset quality
  • ROE has declined from 20% (3-year and 5-year average) to 18% in the last year, signaling possible margin compression
  • PE of 32.5x is elevated for a financial services company, pricing in significant future growth with little room for disappointment
  • TTM profit growth of 18% has decelerated sharply from the 5-year CAGR of 34%, suggesting growth normalization
  • 1-year stock CAGR of 22% versus 10-year CAGR of 27% indicates the easy re-rating phase may be behind
  • Dividend yield of only 0.56% offers minimal income cushion during potential drawdowns

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 4
  • PAT surges 28% in Q1FY27 Aug 4

    Bajaj Finance reported Q1FY27 PAT of ₹6,081 crore (up 28% YoY) with AUM growing 24% to ₹5,46,944 crore. Company emphasized AI integration for cost efficiency and credit quality improvement.

  • ₹1,115 Cr NCD at 7.78% Aug 10

    Bajaj Finance allotted secured NCDs worth ₹1,115 crore at 7.78% coupon maturing November 2029, demonstrating strong capital market access at competitive rates.

  • Optimism on FY27 credit costs Jul 30

    Bajaj Finance executive expressed confidence in FY27 credit cost forecast, signaling internal comfort with asset quality and provisioning levels.

  • Heavy institutional block trades Jul 24

    Multiple block trades totaling over ₹425 crore executed on Jul 24 alone at ~₹1,010 per share, reflecting strong institutional interest in the counter.

Neutral 6
  • ₹498 Cr NCD issue at 7.79% Aug 18

    Bajaj Finance allotted 50,000 secured NCDs worth ₹498.22 crore at 7.79% coupon maturing July 2036.

  • Analyst meet scheduled Aug 20 Aug 17

    Bajaj Finance announced Leadership Day event with institutional investors in Pune on August 20, 2026.

  • ₹47.75 Cr block trade on NSE Aug 3

    Block trade of 4,11,127 shares at ₹1,161.40 per share worth ₹47.75 crore executed on NSE, indicating institutional activity.

  • AGM: ₹6 dividend declared Jul 30

    Bajaj Finance declared ₹6 per share dividend at 39th AGM. Rajiv Bajaj retires as Non-Executive Director.

  • ₹94 Cr block trade on BSE Jul 30

    Block trade of ~9 lakh shares at ₹1,046.50 per share worth ₹94.28 crore executed on BSE.

  • ₹26.57 Cr block trade on NSE Aug 7

    Block trade of ~2.4 lakh shares at ₹1,099.30 per share worth ₹26.57 crore on NSE.

TL;DR: Bajaj Finance is delivering strong growth with 28% PAT increase and 24% AUM expansion in Q1FY27, supported by AI-driven efficiency gains. No material headwinds emerged in recent news flow. Sustained institutional block trade activity and competitive debt raises indicate market confidence. The trend is positive with management maintaining cautious optimism on credit quality for FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
12,498
13,382
14,164
14,926
16,100
17,091
18,035
18,294
19,524
20,179
21,013
21,606
23,165
Expenses
3,693
3,931
4,229
4,420
4,956
5,338
5,691
5,865
5,992
6,307
7,737
6,553
6,793
Financing Profit
4,703
4,914
5,066
5,289
5,460
5,604
5,958
5,879
6,614
6,861
5,937
7,654
8,430
Fin. Margin %
38%
37%
36%
35%
34%
33%
33%
32%
34%
34%
28%
35%
36%
Other Income
5
2
5
9
5
7
26
21
5
5
-262
11
6
Interest
4,103
4,537
4,868
5,217
5,684
6,149
6,386
6,551
6,918
7,011
7,339
7,398
7,942
Depreciation
156
159
176
193
200
210
219
252
251
258
244
256
288
PBT
4,551
4,758
4,896
5,105
5,265
5,401
5,765
5,647
6,368
6,608
5,431
7,410
8,149
Tax %
24%
25%
26%
25%
26%
26%
25%
20%
25%
25%
25%
25%
25%
Net Profit
3,437
3,551
3,639
3,825
3,912
4,014
4,308
4,546
4,765
4,948
4,066
5,553
6,081
EPS in Rs
5.67
5.86
5.89
6.18
6.32
6.46
6.86
7.21
7.56
7.84
6.39
8.78
9.61
Gross NPA %
0.87%
0.91%
0.95%
0.85%
0.86%
1.06%
1.12%
0.96%
1.03%
1.24%
1.21%
1.01%
0.96%
Net NPA %
0.31%
0.31%
0.37%
0.37%
0.38%
0.46%
0.48%
0.44%
0.5%
0.6%
0.47%
0.41%
0.39%
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
5,392
7,299
9,970
12,746
18,487
26,375
26,673
31,633
41,411
54,972
68,832
81,985
85,964
Expenses
1,752
2,354
3,250
4,115
5,454
9,159
10,839
11,880
12,693
16,099
20,878
25,998
27,390
Financing Profit
1,367
1,986
2,867
3,935
6,310
7,609
6,314
9,905
16,018
19,987
22,963
27,088
28,883
Fin. Margin %
25%
27%
29%
31%
34%
29%
24%
31%
39%
36%
33%
33%
34%
Other Income
26
35
22
10
13
8
3
-17
-5
6
-2
-263
-240
Interest
2,274
2,959
3,853
4,696
6,723
9,608
9,519
9,848
12,701
18,886
24,991
28,899
29,690
Depreciation
36
56
71
102
144
295
325
385
485
683
881
1,009
1,045
PBT
1,357
1,965
2,817
3,843
6,179
7,322
5,992
9,504
15,528
19,310
22,080
25,817
27,598
Tax %
34%
35%
35%
35%
35%
28%
26%
26%
26%
25%
24%
25%
—
Net Profit
898
1,279
1,836
2,496
3,995
5,264
4,420
7,028
11,508
14,451
16,779
19,332
20,648
EPS in Rs
1.79
2.37
3.34
4.32
6.91
8.75
7.33
11.61
19.01
23.35
26.77
30.56
32.62
Div. Payout %
10%
10%
11%
9%
9%
11%
14%
17%
16%
15%
21%
20%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
50
54
109
115
115
120
120
121
121
124
124
622
Reserves
4,750
7,373
9,491
15,733
19,582
32,208
36,798
43,592
54,251
76,572
96,569
1,13,377
Borrowing
26,655
37,025
49,250
66,557
1,01,588
1,29,806
1,31,634
1,65,232
2,16,690
2,93,346
3,61,249
4,35,112
Other Liabilities
1,325
2,522
4,881
2,393
2,948
2,257
2,918
3,561
4,164
5,700
8,185
10,841
Total Liabilities
32,780
46,973
63,731
84,798
1,24,233
1,64,391
1,71,470
2,12,505
2,75,226
3,75,742
4,66,127
5,59,952
Fixed Assets
252
290
366
470
695
1,321
1,316
1,716
2,308
3,250
3,780
3,947
CWIP
0
0
0
0
0
0
51
34
80
43
41
119
Investments
326
1,029
4,070
3,139
8,599
17,544
18,397
12,246
22,752
30,881
34,441
30,578
Other Assets
32,201
45,654
59,295
81,189
1,14,939
1,45,526
1,51,707
1,98,509
2,50,087
3,41,568
4,27,865
5,25,309
Total Assets
32,780
46,973
63,731
84,798
1,24,233
1,64,391
1,71,470
2,12,505
2,75,226
3,75,742
4,66,127
5,59,952
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-7,064
-9,870
-10,439
-20,566
-29,062
-24,412
-807
-37,029
-42,112
-72,760
-67,792
-65,790
Investing
-360
-687
-3,047
1,075
-5,379
-8,758
-429
6,347
-10,394
-7,171
-2,765
-3,389
Financing
6,867
11,656
12,513
19,503
34,449
34,167
1,741
32,240
50,675
82,415
70,165
67,433
Net Cash Flow
-557
1,100
-972
13
9
998
505
1,558
-1,831
2,484
-392
-1,746
Free Cash Flow
-7,129
-9,964
-10,587
-20,700
-29,428
-24,912
-1,105
-37,644
-42,970
-73,759
-68,837
-66,686
CFO/OP
-181
-185
-140
-221
-206
-129
4
-174
-133
-174
-130
-106
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
19%
21%
22%
20%
22%
20%
13%
17%
23%
22%
19%
18%

Shareholding Pattern

As of Jun 2026
Promoters 54.67%
FIIs 20.21%
DIIs 16.40%
Public 6.62%
Others 2.10%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Nov 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
56.12%
56.03%
56.03%
56.03%
55.86%
55.86%
55.86%
55.91%
55.91%
55.87%
55.87%
54.78%
54.78%
54.69%
54.70%
54.70%
54.70%
54.73%
54.73%
54.66%
54.70%
54.70%
54.67%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
20.41%
0.00%
20.92%
20.56%
21.09%
20.81%
20.79%
21.46%
21.71%
21.97%
21.50%
21.33%
20.21%
DIIs
7.11%
7.43%
8.13%
8.47%
9.43%
9.80%
11.09%
12.44%
12.99%
12.90%
13.12%
12.43%
14.09%
14.41%
14.31%
15.09%
15.17%
14.87%
14.59%
14.47%
14.94%
15.18%
16.40%
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%
0.00%
Public
8.46%
8.28%
8.34%
8.73%
8.95%
9.65%
8.86%
9.19%
9.35%
8.68%
8.21%
7.95%
7.95%
8.03%
7.74%
7.34%
7.36%
6.89%
6.89%
6.73%
6.80%
6.70%
6.62%
Others
28.31%
28.27%
27.50%
26.77%
25.76%
24.68%
24.19%
22.45%
21.74%
22.55%
2.39%
24.85%
2.27%
2.32%
2.16%
2.06%
1.98%
2.05%
2.07%
2.17%
2.07%
2.08%
2.10%
No. of Shareholders
0
4,64,394
4,88,763
5,25,257
6,36,931
7,18,638
8,68,271
7,67,722
8,90,706
7,84,883
7,26,583
7,26,997
7,45,040
7,99,199
8,05,241
7,81,913
7,91,392
7,05,610
8,12,118
9,41,999
9,61,994
10,02,940
9,85,158

Documents

1
Concall - Apr 2024 Apr 2024
2
Concall - Oct 2017 Oct 2017
3
Concall - Feb 2018 Feb 2018
4
Concall - Apr 2020 Apr 2020
5
Concall - Jul 2022 Jul 2022

Frequently Asked Questions about Bajaj Finance Ltd

What does Bajaj Finance Ltd do?
Bajaj Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers variety of financial services products to ...
Where is Bajaj Finance Ltd (BAJFINANCE) listed?
Bajaj Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: BAJFINANCE and BSE: 500034. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Bajaj Finance Ltd belong to?
Bajaj Finance Ltd operates in the Financial Services sector within the Finance industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Bajaj Finance Ltd?
Bajaj Finance Ltd has a market capitalisation of approximately ₹683983.34 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Bajaj Finance Ltd?
The Price-to-Earnings (PE) ratio of Bajaj Finance Ltd is 33.57. 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 Finance Ltd?
Over the past 52 weeks, Bajaj Finance Ltd has traded between a low of ₹787.9 and a high of ₹1,176.4. This range helps investors understand the stock's price volatility and recent trading levels.
Does Bajaj Finance Ltd pay dividends?
Yes, Bajaj Finance Ltd has a dividend yield of 0.55%. 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 Finance Ltd?
Bajaj Finance Ltd has a Return on Equity (ROE) of 16.53%. 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 Finance Ltd on Tapetide?
On Tapetide, you can view Bajaj Finance 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 Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers variety of financial services products to its customers.(Source : 202003 Annual Report Page No:124)

Website bajajfinserv.in/finance
CEO Mr. Rajeev A. Jain
Employees 64,092
Listed 2003-04-01
Face Value ₹ 1
Issued Size 6,22,24,81,865

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