Bajaj Finance Ltd
BAJFINANCE NSE
Bajaj Finance Ltd
Financial Services F&ONSE: BAJFINANCE BSE: 500034 Finance
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)
AI Verdict: BUY Confidence: 7%
Bajaj Finance remains a structural compounder with 34% profit CAGR over 5 years and 25% sales CAGR, supported by 70.6% analyst buy ratings. However, the premium valuation at 5.25x book and 31x PE demands sustained execution, warranting a moderate-confidence buy.
Key Fundamentals
LargecapNBFCFinancial ServicesMarket Cap
6.2L Cr
Volatility
Moderate
P/E Ratio
32.07
EBITDA
₹54,968 Cr
Return on Equity
18.84%
Debt to Equity
3.78
Book Value
₹183.1
EPS
₹241.14
52W High
₹1,102.5
52W Low
₹787.9
Technical Indicators
Key Insights
Strengths
3- Company has delivered good profit growth of 34.1% 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 5.41 times its book value
- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
16.86% ↗
Net Income Growth
12.89% ↘
Cash Flow Change
6.33% ↗
ROE
-9.98% ↘
ROCE
-1.44% ↘
EBITDA Margin (Avg.)
-1.45% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoBUY
Risk medium
Bajaj Finance remains a structural compounder with 34% profit CAGR over 5 years and 25% sales CAGR, supported by 70.6% analyst buy ratings. However, the premium valuation at 5.25x book and 31x PE demands sustained execution, warranting a moderate-confidence buy.
Bull Case 8
- Strong profit compounding at 34% CAGR over 5 years significantly outpaces the NBFC sector average
- Revenue growth of 25% CAGR over 5 years and 27% over 10 years demonstrates consistent business scalability
- Overwhelming analyst consensus with 70.59% buy ratings (24 out of 34 analysts) reflects institutional confidence
- TTM sales growth of 18% indicates continued momentum despite a larger base of Rs 6.02 lakh crore market cap
- Median sales growth of 29.4% over the last 10 years shows durability of the franchise across cycles
- ROE of 20% over 3-year and 5-year periods indicates efficient capital deployment for a lending business
- Healthy dividend payout ratio of 18.6% signals management confidence in sustaining earnings
- 10-year stock CAGR of 29% demonstrates long-term wealth creation track record for shareholders
Bear Case 8
- Stock trades at 5.25x price-to-book value, a steep premium leaving limited margin of safety for new entrants
- PE ratio of 31x is elevated for a financial services company, pricing in near-perfect execution
- Low interest coverage ratio raises concerns about earnings vulnerability in a rising rate environment
- ROE has declined from 20% (3-year and 5-year average) to 18% in the last year, signaling potential margin pressure
- Profit growth has decelerated to 15% TTM from 19% 3-year CAGR and 34% 5-year CAGR, showing slowdown
- Potential capitalization of interest costs could overstate reported profitability and book value
- Only 6% stock price appreciation over the past 1 year versus 10% over 3 years CAGR suggests valuation fatigue
- Dividend yield of just 0.62% offers minimal income cushion during periods of price correction
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Positives 3
- Stock up 3 sessions running Jun 16
Bajaj Finance rose 1.64% to ₹957.8, marking its third consecutive session of gains and outperforming NIFTY with 3.98% gains over the last month.
- Rs 4,505 Cr NCD fundraise Jun 12
Bajaj Finance allotted NCDs worth Rs 4,505.15 crore on private placement at coupon rates of 7.93% and 8.00% per annum, strengthening its capital base.
- Top gainer in market rally Jun 17
Bajaj Finance was among top gainers as Sensex rose 736 points (0.97%) and Nifty advanced 231 points (0.98%) driven by U.S.-Iran peace deal and falling crude oil prices.
Neutral 3
- AGM set for July 30 Jun 23
Bajaj Finance will hold its 39th Annual General Meeting on July 30, 2026, via video conferencing as announced in newspaper advertisements on June 23.
- Block trades show institutional flow Jun 9
Three block trades recorded across BSE and NSE totalling over ₹261 crore, including a BSE deal of ₹172.96 crore at ₹864.75 and NSE trades at ₹870.00 and ₹880.90 per share.
- TDS dividend communication sent Jun 10
Bajaj Finance communicated with shareholders on June 9 regarding TDS on final dividend and bank account updates for electronic payments.
TL;DR: Bajaj Finance is showing positive momentum with three consecutive sessions of gains, outperforming both NIFTY and the Financial Services index over the past year (up 3.77% vs NIFTY's 3.7% decline). The Rs 4,505 crore NCD raise signals strong capital market access at competitive rates. No material headwinds are visible in recent news flow, and the stock trades at a P/E of 34.66x. The trend appears to be improving, supported by macro tailwinds from falling crude and easing geopolitical tensions.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11,364 | 12,498 | 13,382 | 14,164 | 14,926 | 16,100 | 17,091 | 18,035 | 18,294 | 19,524 | 20,179 | 21,013 | 21,606 |
| Expenses | 3,382 | 3,693 | 3,931 | 4,229 | 4,420 | 4,956 | 5,338 | 5,691 | 5,865 | 5,992 | 6,307 | 7,737 | 6,553 |
| Financing Profit | 4,390 | 4,703 | 4,914 | 5,066 | 5,289 | 5,460 | 5,604 | 5,958 | 5,879 | 6,614 | 6,861 | 5,937 | 7,654 |
| Fin. Margin % | 39% | 38% | 37% | 36% | 35% | 34% | 33% | 33% | 32% | 34% | 34% | 28% | 35% |
| Other Income | 5 | 5 | 2 | 5 | 9 | 5 | 7 | 26 | 21 | 5 | 5 | -262 | 11 |
| Interest | 3,592 | 4,103 | 4,537 | 4,868 | 5,217 | 5,684 | 6,149 | 6,386 | 6,551 | 6,918 | 7,011 | 7,339 | 7,398 |
| Depreciation | 134 | 156 | 159 | 176 | 193 | 200 | 210 | 219 | 252 | 251 | 258 | 244 | 256 |
| PBT | 4,261 | 4,551 | 4,758 | 4,896 | 5,105 | 5,265 | 5,401 | 5,765 | 5,647 | 6,368 | 6,608 | 5,431 | 7,410 |
| Tax % | 26% | 24% | 25% | 26% | 25% | 26% | 26% | 25% | 20% | 25% | 25% | 25% | 25% |
| Net Profit | 3,158 | 3,437 | 3,551 | 3,639 | 3,825 | 3,912 | 4,014 | 4,308 | 4,546 | 4,765 | 4,948 | 4,066 | 5,553 |
| EPS in Rs | 5.22 | 5.67 | 5.86 | 5.89 | 6.18 | 6.32 | 6.46 | 6.86 | 7.21 | 7.56 | 7.84 | 6.39 | 8.78 |
| Gross NPA % | 0.94% | 0.87% | 0.91% | 0.95% | 0.85% | 0.86% | 1.06% | 1.12% | 0.96% | 1.03% | 1.24% | 1.21% | 1.01% |
| Net NPA % | 0.34% | 0.31% | 0.31% | 0.37% | 0.37% | 0.38% | 0.46% | 0.48% | 0.44% | 0.5% | 0.6% | 0.47% | 0.41% |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,392 | 7,299 | 9,970 | 12,746 | 18,487 | 26,375 | 26,673 | 31,633 | 41,411 | 54,972 | 69,709 | 81,982 |
| Expenses | 1,752 | 2,354 | 3,250 | 4,115 | 5,454 | 9,159 | 10,839 | 11,880 | 12,693 | 16,099 | 21,754 | 26,249 |
| Financing Profit | 1,367 | 1,986 | 2,867 | 3,935 | 6,310 | 7,609 | 6,314 | 9,905 | 16,018 | 19,987 | 22,963 | 27,067 |
| Fin. Margin % | 25% | 27% | 29% | 31% | 34% | 29% | 24% | 31% | 39% | 36% | 33% | 33% |
| Other Income | 26 | 35 | 22 | 10 | 13 | 8 | 3 | -17 | -5 | 6 | -2 | -242 |
| Interest | 2,274 | 2,959 | 3,853 | 4,696 | 6,723 | 9,608 | 9,519 | 9,848 | 12,701 | 18,886 | 24,992 | 28,666 |
| Depreciation | 36 | 56 | 71 | 102 | 144 | 295 | 325 | 385 | 485 | 683 | 881 | 1,009 |
| 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 |
| 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 |
| 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 |
| Div. Payout % | 10% | 10% | 11% | 9% | 9% | 11% | 14% | 17% | 16% | 15% | 21% | 20% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 4,004 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 51 | 34 | 80 | 43 | 41 | 62 |
| 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -7,064 | -9,870 | -10,439 | -20,566 | -29,062 | -24,412 | -807 | -37,029 | -42,112 | -72,760 | -68,154 | -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 | 70,527 | 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 | -69,200 | -66,686 |
| CFO/OP | -181 | -185 | -140 | -221 | -206 | -129 | 4 | -174 | -133 | -174 | -130 | -106 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 19% | 21% | 22% | 20% | 22% | 20% | 13% | 17% | 23% | 22% | 19% | 18% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
4 May - Bajaj Finance uploaded Q4 FY26 earnings call transcript; AUM crossed ₹5 lakh crore, dividend ₹6 per share recommended. 4 May - Bajaj Finance uploaded Q4 FY26 earnings call transcript; AUM crossed ₹5 lakh crore, dividend ₹6 per share recommended.
2
Announcement under Regulation 30 (LODR)-Investor Presentation
29 Apr - Investor Presentation for the Quarter ended 31 March 2026 29 Apr - Investor Presentation for the Quarter ended 31 March 2026
3
Announcement Under Regulation 30 - Raising Of Funds
29 Apr - 29 Apr 2026 board approved debt fundraising; borrowing limit raised from Rs.375,000 crore to Rs.550,000 crore, subject to shareholder approval. 29 Apr - 29 Apr 2026 board approved debt fundraising; borrowing limit raised from Rs.375,000 crore to Rs.550,000 crore, subject to shareholder approval.
4
Re-Appointment Of Independent Director
29 Apr - Pramit Jhaveri reappointed as independent director for five years from 1 August 2026, subject to shareholder approval. 29 Apr - Pramit Jhaveri reappointed as independent director for five years from 1 August 2026, subject to shareholder approval.
5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Apr - 29 April 2026 earnings conference call held; presentation shared and audio recording hosted online. 29 Apr - 29 April 2026 earnings conference call held; presentation shared and audio recording hosted online.
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 ₹619448.07 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 32.07. 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 ₹1,102.5. 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 0.61%. 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 18.84%. 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