Bajaj Finance logo

Bajaj Finance

BAJFINANCE NSE

Key Fundamentals

LargecapNBFCFinancial Services
Market Cap
6.4L Cr
Volatility
Moderate
P/E Ratio
31.71
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

Tapetide Score

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

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 5.65 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
19.09% lower than 3Y
Net Income Growth
15.21% lower than 3Y
Cash Flow Change
2.95% lower than 3Y
ROE
-2.54% lower than 3Y
ROCE
-2.46% higher than 3Y
EBITDA Margin (Avg.)
-1.9% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Bajaj Finance Ltd commands a market cap of ₹6,35,794 Cr with a PE of 31.5x and a price-to-book of 5.71x. The company has delivered a 34% compounded profit CAGR over 5 years and 27% compounded sales CAGR over 10 years, though its recent ROE of 18% marks a moderation from the 20% averaged over the prior 3- and 5-year periods.

Bull Case 8
  • Strong 5-year compounded profit growth of 34% CAGR, significantly outpacing most NBFC peers
  • Consistent 10-year compounded sales growth of 27% CAGR with a median sales growth of 29.4% over the decade, reflecting durable demand for its lending products
  • TTM revenue growth of 18% demonstrates continued topline momentum even on a much larger base of ₹6.36 lakh Cr market cap
  • 3-year ROE averaging 20% and 5-year ROE of 20% indicate sustained high-quality capital deployment
  • 10-year stock CAGR of 25% reflects long-term wealth creation track record for shareholders
  • Consistent dividend payout ratio of 18.6%, providing a degree of capital return discipline
  • 3-year compounded sales growth of 26% shows the company maintained strong growth even through the post-COVID credit cycle
  • TTM profit growth of 18% remains healthy, keeping pace with revenue growth and indicating stable operating leverage
Bear Case 8
  • Stock trades at 5.71x book value, a steep premium that leaves limited margin of safety if growth slows
  • PE ratio of 31.5x is elevated for a financial services company, pricing in sustained high growth
  • Last year ROE declined to 18% from the 3-year and 5-year average of 20%, signaling potential return compression
  • Low interest coverage ratio raises concerns about the company's ability to service debt costs comfortably during a rate tightening cycle
  • Potential capitalisation of interest costs could mean reported profitability overstates true economic earnings
  • 1-year stock CAGR of only 8% and 5-year stock CAGR of 7% suggest the market has already re-rated the stock, limiting near-term upside from multiple expansion
  • Dividend yield of just 0.57% offers minimal income cushion in a volatile or sideways market
  • Profit growth has decelerated from 34% over 5 years to 18% TTM, and further deceleration could pressure the current valuation multiple

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

AI News Digest

Anthropic anthropic claude-opus-4.6 3h ago
Headwinds 2
  • RBI revolving credit draft norms Aug 21

    RBI proposed allowing NBFCs to offer only term loans, discontinuing revolving credit products. Deputy Governor indicated openness to suggestions but reiterated revolving credit was never allowed for NBFCs, creating regulatory uncertainty.

  • Personal loan growth slowdown Aug 21

    Urban personal loan book growth slowed below 20% from Q3FY26 due to elevated competitive intensity. Bajaj Finance's personal loan book equals the cumulative book of nine next NBFCs, making it a key segment under pressure.

Positives 6
  • Q1 FY27 profit surges 27.4% Aug 18

    Consolidated profit rose 27.4% YoY to ₹5,986 crore in Q1 FY27, beating estimates of ₹4,700 crore. Revenue from operations grew 19.58% YoY to ₹23,165.45 crore with NII jumping 23% to ₹12,571 crore.

  • Asset quality improves sharply Aug 18

    Gross NPA fell to 0.96% from 1.03% QoQ while net NPA improved to 0.39% from 0.41%. Pre-provisioning operating profit increased 22% to ₹10,137 crore.

  • LIC subscribes ₹5,000 Cr NCDs Aug 27

    LIC subscribed to the entire ₹5,000 crore secured NCD issue at 8.15% coupon with 10-year maturity, secured by first pari-passu charge on book debts and loan receivables.

  • Nomura raises target to ₹1,270 Aug 21

    Nomura lifted target price from ₹1,140 to ₹1,270, estimating 25% YoY AUM growth for FY27. Net profit estimates raised 3% over FY27-29F, with gold loan scale-up and MSME recovery expected from Q3FY27.

  • Strategic AI investment via TrueFan Sep 8

    Bajaj Finance acquired 5% stake in TrueFan AI as part of Finserv Intelligence, a ₹1,500-2,000 crore five-year initiative in AI, cybersecurity and fintech startups. Partnership already deployed at scale with millions of personalised videos generated.

  • Stock up 22% over past year Aug 21

    Bajaj Finance shares gained 12.56% in 2026 and 22.18% over the trailing year, with market cap at ₹6.6 trillion as of Sep 9.

Neutral 3
  • ₹2,050 Cr NCD allotment at 8.07% Sep 8

    Bajaj Finance allotted secured redeemable NCDs worth ₹2,050.03 crore on private placement basis at 8.07% annual coupon, maturing March 2030.

  • ₹498 Cr NCDs at 7.79% coupon Aug 18

    Allotted 50,000 secured NCDs aggregating ₹498.22 crore on private placement at 7.79% coupon, maturing July 2036 with annual interest payments.

  • Investor meetings scheduled Aug 17

    Bajaj Finance hosted Leadership Day in-person analyst meet in Pune on Aug 20 and a virtual institutional investor meeting on Aug 27, covering publicly available information.

TL;DR: Bajaj Finance delivered a strong Q1 FY27 with 27.4% profit growth, improving asset quality, and robust institutional demand evidenced by LIC's ₹5,000 crore NCD subscription. The company is actively diversifying into AI and tech investments through Finserv Intelligence. Key risks center on RBI's draft revolving credit norms and competitive pressures slowing personal loan growth below 20%. With Nomura raising targets and management guiding 22-24% AUM growth for FY27 supported by gold loans and MSME recovery, the near-term trend remains constructive if regulatory clarity emerges favorably.

Quarterly Results

Particulars 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

Particulars 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

Particulars 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

Particulars 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

Particulars 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%

Insights

Beta

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

Log in to view Bajaj Finance insights

61 extracted metrics + investor summaries across FY08–FY27.

Log in — free

Shareholding Pattern

Others2.10%Promot.54.67%Public6.62%DIIs16.40%FIIs20.21%As ofJun 2026

Documents

Frequently Asked Questions about Bajaj Finance

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 trades as BAJFINANCE on the NSE and under code 500034 on the BSE.
Which sector does Bajaj Finance Ltd belong to?
Bajaj Finance Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the market capitalisation of Bajaj Finance Ltd?
Bajaj Finance Ltd has a market capitalisation of ₹6,35,794 Cr, which places it in the Large Cap band.
What is the PE ratio of Bajaj Finance Ltd?
Bajaj Finance Ltd trades at a PE ratio of 31.71, on earnings per share of ₹241.14, against a book value of ₹183.1 per share.
What is the 52-week high and low of Bajaj Finance Ltd?
Over the last 52 weeks Bajaj Finance Ltd has traded between ₹787.9 and ₹1,176.4.
Does Bajaj Finance Ltd pay dividends?
Bajaj Finance Ltd has a dividend yield of 0.57%.
What is the Return on Equity (ROE) of Bajaj Finance Ltd?
Bajaj Finance Ltd reported a return on equity of 16.53%. Its debt-to-equity ratio is 3.78.

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

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/BAJFINANCE.md for Bajaj Finance Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Financial Services → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List