BAJAJFINSVFinancial Services

Bajaj Finserv Limited

Holding Company · ISIN INE918I01026 · BSE 532978 · NSE EQ · FV ₹1
Last price
₹1,859
+1.21%today
What this company does

Bajaj Finserv Limited operates in Holding Company, part of the Financial Services sector. It booked ₹42,037 cr of revenue in its latest quarter (Q1 FY27) and kept 7.5% of sales as profit. It is the largest of 9 Holding Company companies we track, by market value.

Their stated vision

to be a financial services provider of choice, we are providing customers more ways GROUP LIVES COVERED of discovering us through our expanding channels.

In the report:
50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 106–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
34

At close. Not part of the score.

Profitability & returns49

How much profit it earns on the money it employs

Cash quality9

Whether reported profit actually arrives as cash

Growth & consistency64

Whether sales and profit have grown, and how steadily

Valuation21

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 19% vs last year
Profit up 12% vs last year
Promoters hold 59%
No promoter shares pledged
Strong 16% return on equity
Watch-outs
! Thin 7.5% net margin
! Carries high debt (D/E 1.2)
! Operating cash flow is negative

What if I invest in BAJAJFINSV?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,859 +1.21%
latest close · 2026-09-17
52-wk low ₹1,83242 sessions so far52-wk high ₹2,119
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio23.7Average
LowAverageHigh
P/B ratio7.67High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.1%Strong
WeakFairStrong ▸15%
Net margin7.5%Decent
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.21High
LowModerateHigh ▸1
More figures
Market cap
₹5.97 L cr
Book value
₹243
EPS
₹19.60
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
1.7%
Earnings yield
4.22%
P/S
3.55
Sales / share
₹523.4
Tax rate
29.5%
Face value
₹160
Shares
321.3 cr
Working capital
Current assets
Current liabilities
Delivery %
55.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹226₹239, midpoint ₹232

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹42,037 cr
Other Income₹0 cr
Total Income₹42,037 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹3,845 cr
Finance Costs₹7,834 cr
Depreciation & Amortisation₹380 cr
Other Expenses₹16,133 cr
Total Expenses₹33,110 cr
Profit before Tax₹8,927 cr
Tax Expense₹2,636 cr
Share of JV / Associates₹5 cr
Net Profit₹6,297 cr
Net margin on total income15.0%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹3,845 cr9.1%
Finance costs₹7,834 cr18.6%
Depreciation & amortisation₹380 cr0.9%
Other expenses₹21,051 cr50.1%
Tax expense₹2,636 cr6.3%
Profit for the period₹6,297 cr15.0%
Total income ₹42,037 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue39,708 cr38,494 cr42,037 cr
Total income39,708 cr38,508 cr42,037 cr
Expenses33,404 cr31,591 cr33,110 cr
Profit before tax5,925 cr6,917 cr8,927 cr
Tax1,559 cr1,702 cr2,636 cr
Net profit (owners' share)2,229 cr2,539 cr3,132 cr
Net margin (owners' share, on revenue)5.6%6.6%7.5%
EPS (₹)14.0015.9019.60
YoY (latest quarter): total income +18.6% · net profit +12.3%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹7.58 L cr
Shareholder equity
₹77,915 cr
parent shareholders
Total debt
₹1.71 L cr
Cash
₹3,599 cr
Cash flow · H1 FY26
Operating
₹-25,746 cr
Investing
₹-9,847 cr
Financing
₹31,784 cr
Peer comparison
Holding Company · by market value
CompanyPriceMarket capP/E
Bajaj Finserv Limitedthis company₹1,859₹5.97 L cr23.7
Bajaj Holdings & Investment Limited₹11,010₹1.23 L cr11.3
Choice International Limited₹738₹16,441 cr67.8
Edelweiss Financial Services Limited₹128₹12,147 cr22.6
JM Financial Limited₹123₹11,724 cr10.0
Rane Holdings Limited₹1,626₹2,322 cr15.5
BF Investment Limited₹439₹1,653 cr2.8
Abans Financial Services Limited₹201₹1,022 cr4.1
Max India Limited₹140₹737 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.08%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 30 Jun 2026
ActionDetailEx-date
Dividend₹1.5 / share30 Jun 2026
Dividend₹1 / share27 Jun 2025
Dividend₹1 / share21 Jun 2024
Dividend₹0.8 / share30 Jun 2023
Stock splitStock Split From Rs.5/- to Rs.1/-13 Sep 2022
Bonus issue1:113 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
58.7%
FII / Foreign
6.9%
DII / Domestic
12.1%
Retail / others
22.2%
Promoter stake down 2.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtBajaj Holdings & Investment Limited · Promoters20.90 L · ₹370.0 cr27 Apr 26
SoldBajaj Auto Holdings Limited · Promoter Group20.90 L · ₹370.1 cr27 Apr 26
BoughtNirav Trust Niraj Bajaj · Promoter Group25,000 · ₹5.1 cr19 Feb 26
Bulk / block deals
short · NSE107 Sep 26
short · NSE32026 Aug 26
short · NSE53025 Aug 26
Stake changes
BoughtMaharashtra Scooters Ltd. · promoter→ 60.71% · 37.26 L17 Jun 19
BoughtNiraj Bajaj For & on behalf of the Promoters of Bajaj Finserv Limited · promoter→ 14.02%9 Mar 18
SoldICICI Prudential Asset Management Company ltd→ 3.14% · 3.50 L30 Nov 16
Promoter pledges
PledgedPooja Bajaj10,036 · 0.00% held3 Jul 20
PledgedPooja Bajaj10,036 · 0.00% held3 Jul 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Jul 2025
See the official result
1
To consider and adopt the standalone and consolidated financial statements of the Company for the financial year ended 31 March 2025, together with the Directors’ and Auditors’ Reports thereon.
Backed by 100% of shareholders other than promotersneeded 50%
34.87 cr votes for, 572 against · 0% of mutual funds and other big investors said no
2
To declare a dividend of Re.1 per equity share of face value of Re.1 for the financial year ended 31 March 2025.
Backed by 100% of shareholders other than promotersneeded 50%
34.89 cr votes for, 775 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Manish Kejriwal (DIN: 00040055), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
Backed by 98% of shareholders other than promotersneeded 50%
34.20 cr votes for, 68.39 L against · 3% of mutual funds and other big investors said no
4
Ratification of remuneration payable to Dhananjay V Joshi & Associates, Cost Auditor (Firm Registration Number: 000030) for FY2026.
Backed by 100% of shareholders other than promotersneeded 50%
34.88 cr votes for, 965 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 92 named members
owning 58.7% between them · as of 2026-06-30
BAJAJ HOLDINGS AND INVESTMENT LIMITED38.41%
JAMNALAL SONS PRIVATE LIMITED8.54%
MAHARASHTRA SCOOTERS LTD2.37%
BAJAJ SEVASHRAM PRIVATE LIMITED1.67%
BACHHRAJ AND COMPANY PRIVATE LIMITED1.46%
BACHHRAJ FACTORIES PRIVATE LIMITED0.67%
BARODA INDUSTRIES PRIVATE LIMITED0.57%
MANISH KEJRIWAL0.42%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.