Bajaj Finserv Ltd.

•

bajajfinserv.inBSE: 532978NSE: BAJAJFINSV

Market Cap₹ 3,08,717 Cr.

Current Price

High / Low₹ 2,195 / 1,597

Stock P/E30.4

Book Value₹ 520

Price to Book3.39

Dividend Yield0.08 %

ROCE11.9 %

ROE26.5 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Retail financing: 53.8% • General Insurance: 22.9% • Life Insurance: 22.4%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 21.7% CAGR over last 5 years
Solid return on assets for a lender - ROA of 15.2%
Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 20.0% CAGR over last 5 years

CONS

Free cash flow has been persistently negative
Though reporting repeated profits, the company pays out little dividend (2.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Investment

Part ofNIFTY 50 NIFTYLARGEMIDCAP250 NIFTY100 LOWVOL30 NIFTY100 EQL WGT NIFTY50 VALUE 20

S.No.	Name
1.	BAJAJFINSV	1927.00	30.43	308717.22	0.08	62966.70	1081.55	420369.00	1091.26	11.88	40.79
2.	AIIL	515.10	20.85	43743.61	0.00	11082.20	1075.19	14695.40	1109.37	13.85	88.91
3.	CHOLAHLDNG	1529.15	10.76	28713.99	0.09	1788.99	42.04	11113.57	42.92	10.52	57.53
4.	TVSHLTD	13141.85	13.49	26588.73	0.65	1173.58	73.77	17076.18	40.01	19.39	16.25
5.	CGCL	272.25	23.23	26194.64	0.07	353.38	102.04	1576.47	62.12	11.68	68.54
6.	MAHSCOOTER	13294.90	54.55	15194.17	1.65	3.32	-90.61	5.41	-81.52	1.06	84.10
7.	JSWHL	11368.40	91.85	12618.50	0.00	24.54	-92.74	34.58	14.97	0.58	92.45
8.	JMFINANCIL	126.60	11.65	12115.11	2.57	368.57	-19.66	1200.53	9.69	11.91	58.30
9.	TSFINV	422.90	19.29	9392.77	2.64	124.95	-92.11	305.57	102.23	3.47	53.35
10.	RELIGARE	256.80	161.16	8852.76	0.00	-46.98	-674.86	2353.40	1051.76	4.71	-2.08
11.	KAMAHOLD	2298.75	7.93	7376.82	1.80	584.02	10.80	4657.56	7.07	20.86	22.01
12.	PILANIINVS	4138.60	138.89	4582.36	0.22	-47.26	-17.55	14.44	-70.70	1.41	-9.33

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	14,627	14,609	16,110	16,877	18,335	19,535	17,802	19,562	21,869	20,575	23,057	19,648	42,037
	13,935	16,073	18,601	21,108	19,655	21,420	19,669	23,705	21,124	23,352	25,842	23,983	33,110
Operating Profit	9,345	9,950	10,438	10,933	11,825	12,283	12,373	12,728	14,315	14,050	13,107	14,511	17,146
OPM %	63.89%	68.11%	64.79%	64.78%	64.49%	62.88%	69.51%	65.06%	65.46%	68.29%	56.85%	73.85%	40.79%
Other Income	0	0	0	1	0	0	0	1	12	0	0	14	0
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
	5,123	5,292	5,429	5,523	5,966	5,963	5,808	5,993	7,203	6,822	5,925	6,917	8,932
Tax %	27.64%	29.03%	25.52%	26.10%	29.49%	29.95%	24.10%	20.79%	26.02%	30.47%	26.31%	24.60%	29.51%
Net Profit	0	0	0	0	4,209	4,180	4,412	4,756	5,329	4,746	4,368	5,226	6,297
	12	12	14	13	13	13	14	15	18	14	14	16	2

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	24,507	32,862	42,604	54,347	60,591	68,406	82,071	1,10,382	1,32,943	1,50,504	1,05,316
	15,794	22,074	27,569	36,094	40,989	46,976	52,204	69,526	84,369	94,262	1,06,287
Operating Profit	8,713	10,788	15,035	18,253	19,602	21,430	29,867	40,856	48,574	56,241	-971
OPM %	35.55%	32.83%	35.29%	33.59%	32.35%	31.33%	36.39%	37.01%	36.54%	37.37%	-0.92%
	1	0	2	5	33	33	1	17	914	458	-365
Interest	3,716	4,531	6,657	9,500	9,274	9,629	12,380	18,607	24,587	28,541	29,259
Depreciation	73	160	226	457	498	563	678	900	1,170	1,291	1,354
Profit before Tax	4,925	6,099	8,155	8,302	9,862	11,271	16,811	21,375	23,748	26,883	28,596
Tax %	29.95%	31.52%	34.10%	27.80%	25.30%	26.24%	27.37%	27.04%	26.07%	26.83%	27.89%
Net Profit	3,450	4,176	5,374	5,994	7,367	8,314	12,210	15,595	17,558	19,669	20,621
EPS	142.10	166.50	202.30	211.70	280.90	286.34	40.00	51.11	55.59	61.31	—
Dividend Payout %	1.23%	1.05%	1.24%	2.36%	1.07%	1.40%	1.99%	1.96%	1.80%	2.45%	—

COMPOUNDED SALES GROWTH

10 Years:: 22%
5 Years:: 20%
3 Years:: 22%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 17%
3 Years:: 15%

STOCK PRICE CAGR

10 Years:: 21%
5 Years:: 3%
3 Years:: 8%
1 Year:: -5%

RETURN ON EQUITY

10 Years:: 25%
5 Years:: 27%
3 Years:: 28%
Last Year:: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	80	80	80	80	80	80	159	159	160	160
Minority Interest	7,201	10,774	12,808	19,560	22,464	26,073	31,191	43,447	56,039	63,051
	16,071	20,357	23,580	31,079	35,512	39,790	45,777	59,556	71,418	76,881
	70,489	66,751	1,01,181	1,26,858	1,28,052	1,60,659	2,11,607	2,87,750	3,54,517	4,28,431
Trade Payables	7,451	2,834	3,088	3,146	4,178	4,009	5,205	6,277	7,965	9,052
	26,899	59,950	67,006	69,776	88,932	1,02,157	1,10,546	1,39,711	1,60,931	1,78,872
Total Liabilities	1,28,190	1,60,746	2,07,743	2,50,499	2,79,218	3,32,768	4,04,486	5,36,901	6,51,030	7,56,446
	1,640	1,754	2,059	3,178	3,142	3,550	4,301	5,425	6,268	6,701
Capital Work in Progress	4	23	61	13	50	54	62	82	123	250
	41,826	69,428	81,679	91,821	1,13,654	1,19,222	1,36,176	1,70,127	1,90,130	1,94,414
	0	0	0	0	0	0	0	5,974	8,319	9,332
Cash & Bank	1,499	1,606	1,589	2,525	3,410	4,403	5,377	12,387	15,737	17,618
	83,222	87,934	1,22,355	1,52,961	1,58,962	2,05,539	2,58,570	3,42,907	4,30,453	5,28,132
Total Assets	1,28,190	1,60,746	2,07,743	2,50,499	2,79,218	3,32,768	4,04,486	5,36,901	6,51,030	7,56,446

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-17,482	-24,246	-20,713	6,668	-30,494	-34,853	-65,502	-61,750	-55,301
Cash from Investing	-922	-6,903	-9,948	-3,684	1,445	-13,945	-14,132	-7,987	-12,635
Cash from Financing	19,590	34,535	34,479	1,687	32,326	51,016	82,709	69,828	66,610
	-911	555	1,162	2,551	101	-2,409	3,075	92	-1,326

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.64	60.64	60.64	60.64	58.81	58.81	58.81	58.71	58.71
	8.39	8.24	7.40	7.53	8.41	8.11	8.06	7.23	6.90
	7.60	8.13	8.91	8.99	10.09	10.50	10.73	11.76	12.11
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	23.37	22.99	23.04	22.83	22.70	22.59	22.39	22.29	22.28

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Updates

2026-09-07 - Bajaj Finserv Limited has informed the Exchange regarding 'information pertaining to the unlisted insurance subsidiaries of the Company'.

2026-09-01

Address Change

2026-09-01 - Bajaj Finserv Limited has informed the Exchange regarding change in Registered Office of the company.

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Bajaj Finserv Limited has informed the Exchange about Schedule of meet

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Bajaj Finserv Limited has informed the Exchange about Schedule of meet

2026-08-07

Updates

2026-08-07 - Bajaj Finserv Limited has informed the Exchange regarding 'information pertaining to the unlisted insurance subsidiaries of the Company'.

2026-08-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-05 - Bajaj Finserv Limited has informed the Exchange about Transcript of earnings call held on 31 July 2026.

2026-08-03

Shareholders meeting

2026-08-03 - Bajaj Finserv Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 31, 2026. Further, the company has informed the Exchange regarding voting results.

2026-07-31

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-31 - Bajaj Finserv Limited has informed the Exchange about Link of Recording

2026-07-31

Shareholders meeting

2026-07-31 - Bajaj Finserv Limited has informed the Exchange regarding Proceedings of 19th Annual General Meeting held on July 31, 2026

News

Recent coverage and analyst commentary for BAJAJFINSV

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Bajaj Finserv Ltd.

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Name

BAJAJFINSV

1927.00

30.43

308717.22

0.08

62966.70

1081.55

420369.00

1091.26

11.88

40.79

AIIL

515.10

20.85

43743.61

0.00

11082.20

1075.19

14695.40

1109.37

13.85

88.91

CHOLAHLDNG

1529.15

10.76

28713.99

0.09

1788.99

42.04

11113.57

42.92

10.52

57.53

TVSHLTD

13141.85

13.49

26588.73

0.65

1173.58

73.77

17076.18

40.01

19.39

16.25

CGCL

272.25

23.23

26194.64

0.07

353.38

102.04

1576.47

62.12

11.68

68.54

MAHSCOOTER

13294.90

54.55

15194.17

1.65

3.32

-90.61

5.41

-81.52

1.06

84.10

JSWHL

11368.40

91.85

12618.50

0.00

24.54

-92.74

34.58

14.97

0.58

92.45

JMFINANCIL

126.60

11.65

12115.11

2.57

368.57

-19.66

1200.53

9.69

11.91

58.30

TSFINV

422.90

19.29

9392.77

2.64

124.95

-92.11

305.57

102.23

3.47

53.35

RELIGARE

256.80

161.16

8852.76

0.00

-46.98

-674.86

2353.40

1051.76

4.71

-2.08

KAMAHOLD

2298.75

7.93

7376.82

1.80

584.02

10.80

4657.56

7.07

20.86

22.01

PILANIINVS

4138.60

138.89

4582.36

0.22

-47.26

-17.55

14.44

-70.70

1.41

-9.33

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

14,627

14,609

16,110

16,877

18,335

19,535

17,802

19,562

21,869

20,575

23,057

19,648

42,037

13,935

16,073

18,601

21,108

19,655

21,420

19,669

23,705

21,124

23,352

25,842

23,983

33,110

Operating Profit

9,345

9,950

10,438

10,933

11,825

12,283

12,373

12,728

14,315

14,050

13,107

14,511

17,146

OPM %

63.89%

68.11%

64.79%

64.78%

64.49%

62.88%

69.51%

65.06%

65.46%

68.29%

56.85%

73.85%

40.79%

Other Income

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

5,123

5,292

5,429

5,523

5,966

5,963

5,808

5,993

7,203

6,822

5,925

6,917

8,932

Tax %

27.64%

29.03%

25.52%

26.10%

29.49%

29.95%

24.10%

20.79%

26.02%

30.47%

26.31%

24.60%

29.51%

Net Profit

4,209

4,180

4,412

4,756

5,329

4,746

4,368

5,226

6,297

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

24,507

32,862

42,604

54,347

60,591

68,406

82,071

1,10,382

1,32,943

1,50,504

1,05,316

15,794

22,074

27,569

36,094

40,989

46,976

52,204

69,526

84,369

94,262

1,06,287

Operating Profit

8,713

10,788

15,035

18,253

19,602

21,430

29,867

40,856

48,574

56,241

-971

OPM %

35.55%

32.83%

35.29%

33.59%

32.35%

31.33%

36.39%

37.01%

36.54%

37.37%

-0.92%

914

458

-365

Interest

3,716

4,531

6,657

9,500

9,274

9,629

12,380

18,607

24,587

28,541

29,259

Depreciation

160

226

457

498

563

678

900

1,170

1,291

1,354

Profit before Tax

4,925

6,099

8,155

8,302

9,862

11,271

16,811

21,375

23,748

26,883

28,596

Tax %

29.95%

31.52%

34.10%

27.80%

25.30%

26.24%

27.37%

27.04%

26.07%

26.83%

27.89%

Net Profit

3,450

4,176

5,374

5,994

7,367

8,314

12,210

15,595

17,558

19,669

20,621

EPS

142.10

166.50

202.30

211.70

280.90

286.34

40.00

51.11

55.59

61.31

—

Dividend Payout %

1.23%

1.05%

1.24%

2.36%

1.07%

1.40%

1.99%

1.96%

1.80%

2.45%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

159

160

Minority Interest

7,201

10,774

12,808

19,560

22,464

26,073

31,191

43,447

56,039

63,051

16,071

20,357

23,580

31,079

35,512

39,790

45,777

59,556

71,418

76,881

70,489

66,751

1,01,181

1,26,858

1,28,052

1,60,659

2,11,607

2,87,750

3,54,517

4,28,431

Trade Payables

7,451

2,834

3,088

3,146

4,178

4,009

5,205

6,277

7,965

9,052

26,899

59,950

67,006

69,776

88,932

1,02,157

1,10,546

1,39,711

1,60,931

1,78,872

Total Liabilities

1,28,190

1,60,746

2,07,743

2,50,499

2,79,218

3,32,768

4,04,486

5,36,901

6,51,030

7,56,446

1,640

1,754

2,059

3,178

3,142

3,550

4,301

5,425

6,268

6,701

Capital Work in Progress

123

250

41,826

69,428

81,679

91,821

1,13,654

1,19,222

1,36,176

1,70,127

1,90,130

1,94,414

5,974

8,319

9,332

Cash & Bank

1,499

1,606

1,589

2,525

3,410

4,403

5,377

12,387

15,737

17,618

83,222

87,934

1,22,355

1,52,961

1,58,962

2,05,539

2,58,570

3,42,907

4,30,453

5,28,132

Total Assets

1,28,190

1,60,746

2,07,743

2,50,499

2,79,218

3,32,768

4,04,486

5,36,901

6,51,030

7,56,446

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-17,482

-24,246

-20,713

6,668

-30,494

-34,853

-65,502

-61,750

-55,301

Cash from Investing

-922

-6,903

-9,948

-3,684

1,445

-13,945

-14,132

-7,987

-12,635

Cash from Financing

19,590

34,535

34,479

1,687

32,326

51,016

82,709

69,828

66,610

-911

555

1,162

2,551

101

-2,409

3,075

-1,326

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

60.64

58.81

58.71

8.39

8.24

7.40

7.53

8.41

8.11

8.06

7.23

6.90

7.60

8.13

8.91

8.99

10.09

10.50

10.73

11.76

12.11

Government

0.00

23.37

22.99

23.04

22.83

22.70

22.59

22.39

22.29

22.28

Bajaj Finserv Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Bajaj Finserv Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI