Bajaj Finance Ltd
BAJFINANCE NSE
Bajaj Finance Ltd
Financial Services F&ONSE: BAJFINANCE BSE: 500034 NBFC
Key Fundamentals
LargecapNBFCFinancial ServicesMarket Cap
6.8L Cr
Volatility
Moderate
P/E Ratio
33.44
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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Bajaj Finance Ltd insights
29 extracted metrics + investor summaries across FY08–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
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 5.97 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 claude-opus-4.6 10h agoAI opinion · based on fundamentals
Risk medium
Bajaj Finance Ltd is a large-cap NBFC with a market capitalization of Rs 6.78 lakh crore, trading at a PE of 32.6x and 5.91x book value. The company has delivered 34% profit CAGR over 5 years with consistent ROE around 18-20%, while revenue has compounded at 25-27% over the last 5-10 years.
Bull Case 7
- Strong profit growth trajectory with 34% CAGR over the last 5 years and 31% CAGR over 10 years, demonstrating sustained earnings compounding
- Consistent revenue growth with compounded sales CAGR of 25% over 5 years and 27% over 10 years, with median sales growth of 29.4% over the last decade
- Stable return on equity maintained at 18-20% across 3-year, 5-year, and 10-year periods, indicating disciplined capital allocation
- TTM revenue growth of 18% indicates the business continues to scale even on a larger base of Rs 6.78 lakh crore market cap
- Stock has delivered 27% CAGR over 10 years and 27% in the last 1 year, reflecting long-term wealth creation alongside recent momentum
- Consistent dividend payout ratio of 18.6% signals management confidence in cash flow sustainability
- TTM profit growth of 18% on top of a high base built over years of 30%+ compounding shows the earnings engine remains intact
Bear Case 8
- Trading at 5.91x price-to-book value, which is expensive for an NBFC and leaves limited margin of safety if growth moderates
- Low interest coverage ratio raises concerns about the company's ability to service debt comfortably during stress periods
- Potential capitalization of interest costs may flatter reported profitability and overstate true earnings quality
- ROE has declined from 20% (3-year and 5-year average) to 18% in the last year, suggesting possible margin compression or capital dilution
- PE of 32.6x is significantly above the broader financial services sector average, pricing in substantial future growth expectations
- Profit growth has decelerated from 34% CAGR (5-year) to 19% (3-year) to 18% (TTM), indicating a clear slowdown trend
- Dividend yield of only 0.55% provides minimal income cushion for investors during potential price corrections
- Sales growth has also decelerated from 27% (10-year) to 26% (3-year) to 18% (TTM), suggesting the high-growth phase may be maturing
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 4h 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, driven by strong loan growth and AI-led cost efficiencies.
- ₹1,115 Cr NCD at 7.78% Aug 10
Allotted secured NCDs worth ₹1,115 crore at 7.78% coupon maturing Nov 9, 2029, securing long-term funding at competitive rates.
- Management optimistic on credit costs Jul 30
Executive expressed confidence in FY27 credit cost forecast during earnings call, signaling healthy asset quality outlook despite macro uncertainties.
- ₹6 dividend declared at AGM Jul 30
Declared ₹6 per share dividend at the 39th AGM held on July 30, 2026, reinforcing shareholder returns.
Neutral 4
- Heavy institutional block trade activity Jul 24
Multiple block trades totalling over ₹800 crore executed between Jul 23–Aug 7 across NSE and BSE at prices ranging from ₹1,007–₹1,161 per share, reflecting sustained institutional interest.
- ₹1,153 Cr NCD allotment at 7.93% Jul 23
Allotted 1,14,076 NCDs aggregating ₹1,152.64 crore on private placement at 7.93% coupon, maturing June 12, 2029.
- Board changes at AGM Jul 30
Rajiv Bajaj retires as Non-Executive Director and Sanjiv Bajaj's retirement status was revised at the 39th AGM.
- Q1 FY27 earnings call hosted Jul 30
Bajaj Finance held its quarterly earnings conference call on July 30, 2026, discussing results for the quarter ended June 30, 2026.
TL;DR: Bajaj Finance is executing well with 28% PAT growth and 24% AUM expansion in Q1FY27, supported by management confidence in credit quality and active capital raising via NCDs. No material headwinds surfaced in recent news, while heavy institutional block trade activity suggests large investor repositioning rather than directional concern. The trend is firmly positive with strong fundamentals, though the company itself maintains conservative FY27 guidance amid macro uncertainties.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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% | — |
| 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% | — |
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
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 | 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 |
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 | -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 |
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 NBFC 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 ₹678255.46 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 33.44. 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