BAJFINANCEFinancial Services

Bajaj Finance Limited

Non Banking Financial Company (NBFC) · ISIN INE296A01032 · BSE 500034 · NSE EQ · FV ₹1
Last price
₹1,015
+0.87%today
What this company does

Bajaj Finance Limited operates in Non Banking Financial Company (NBFC), part of the Financial Services sector. It booked ₹23,165 cr of revenue in its latest quarter (Q1 FY27) and kept 25.8% of sales as profit. It is the largest of 9 Non Banking Financial Company (NBFC) companies we track, by market value.

61out of 100
Equitytale Health Score
Mixed

Healthier than 61% 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)
36

At close. Not part of the score.

Profitability & returns77

How much profit it earns on the money it employs

Cash quality14

Whether reported profit actually arrives as cash

Growth & consistency69

Whether sales and profit have grown, and how steadily

Valuation20

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
Strong 26% net margin
Sales up 19% vs last year
Profit up 27% vs last year
Promoters hold 55%
No promoter shares pledged
Strong 21% return on equity
Watch-outs
! Carries high debt (D/E 1.5)
! Operating cash flow is negative

What if I invest in BAJFINANCE?

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 We do not publish price targets or predict returns.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
₹1,015 +0.87%
latest close · 2026-09-17
52-wk low ₹1,00142 sessions so far52-wk high ₹1,176
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 ratio26.4Average
LowAverageHigh
P/B ratio5.54High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.0%Strong
WeakFairStrong ▸15%
Net margin25.8%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.46High
LowModerateHigh ▸1
More figures
Market cap
₹6.31 L cr
Book value
₹183
EPS
₹9.62
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
4.3%
Earnings yield
3.79%
P/S
6.81
Sales / share
₹149.0
Tax rate
25.4%
Face value
₹1
Shares
622.1 cr
Working capital
Current assets
Current liabilities
Delivery %
65.3%
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 exchange 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 ₹246₹355, midpoint ₹301

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₹23,165 cr
Other Income₹97 L
Total Income₹23,166 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹2,645 cr
Finance Costs₹7,942 cr
Depreciation & Amortisation₹288 cr
Other Expenses₹1,101 cr
Total Expenses₹15,023 cr
Profit before Tax₹8,144 cr
Tax Expense₹2,068 cr
Share of JV / Associates₹5 cr
Net Profit₹6,081 cr
Net margin on total income26.2%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹2,645 cr11.4%
Finance costs₹7,942 cr34.3%
Depreciation & amortisation₹288 cr1.2%
Other expenses₹4,148 cr17.9%
Tax expense₹2,068 cr8.9%
Profit for the period₹6,081 cr26.2%
Total income ₹23,166 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue21,214 cr21,606 cr23,165 cr
Total income21,215 cr21,607 cr23,166 cr
Expenses15,520 cr14,207 cr15,023 cr
Profit before tax5,429 cr7,400 cr8,144 cr
Tax1,365 cr1,857 cr2,068 cr
Net profit (owners' share)3,978 cr5,465 cr5,986 cr
Net margin (owners' share, on revenue)18.8%25.3%25.8%
EPS (₹)6.408.799.62
YoY (latest quarter): total income +18.6% · net profit +27.4%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹5.60 L cr
Shareholder equity
₹1.14 L cr
parent shareholders
Total debt
₹1.71 L cr
Cash
₹1,897 cr
Cash flow · H1 FY26
Operating
₹-29,585 cr
Investing
₹-2,530 cr
Financing
₹30,154 cr
Peer comparison
Non Banking Financial Company (NBFC) · by market value
CompanyPriceMarket capP/E
Bajaj Finance Limitedthis company₹1,015₹6.31 L cr26.4
Shriram Finance Limited₹995₹2.34 L cr16.7
Cholamandalam Investment and Finance Company Limited₹1,765₹1.51 L cr22.7
Tata Capital Limited₹344₹1.45 L cr23.5
Muthoot Finance Limited₹2,770₹1.11 L cr9.9
L&T Finance Limited₹302₹75,742 cr21.0
SBI Cards and Payment Services Limited₹637₹60,613 cr22.8
HDB Financial Services Limited₹681₹56,586 cr18.0
Sundaram Finance Limited₹4,663₹51,398 cr20.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.59%
trailing 12 months
Dividend / share (TTM)
₹6
Last dividend
₹6
ex 30 Jun 2026
ActionDetailEx-date
Dividend₹6 / share30 Jun 2026
Stock splitStock Split From Rs.2/- to Rs.1/-16 Jun 2025
Bonus issue1:416 Jun 2025
Dividend₹44 / share30 May 2025
Dividend₹12 / share9 May 2025
Dividend₹36 / share21 Jun 2024
Who owns it · 2026-06-30
No pledge
Promoter
54.7%
FII / Foreign
20.2%
DII / Domestic
16.4%
Retail / others
8.6%
Promoter stake down 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldBajaj General Insurance Limited · Promoter Group2.59 L · ₹29.8 cr6 Aug 26
BoughtBFL EMPLOYEE WELFARE TRUST · Other34.72 L · ₹127.8 cr7 Apr 26
BoughtMaharashtra Scooters Limited · Promoter Group2.70 L · ₹23.1 cr27 Mar 26
Bulk / block deals
short · NSE13 Sep 26
short · NSE2,0002 Sep 26
short · NSE10127 Aug 26
Stake changes
BoughtMaharashtra Scooters Ltd. · promoter→ 58.45% · 1.90 cr17 Jun 19
BoughtBajaj Finserv Limited · promoter→ 0.00%13 Sep 17
BoughtBajaj Finserv Limited · promoter→ 58.00% · 92.50 L23 Nov 16
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 · 24 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%
195.24 cr votes for, 21.56 L against · 0% of mutual funds and other big investors said no
2
To declare a dividend for the financial year ended 31 March 2025.
Backed by 100% of shareholders other than promotersneeded 50%
200.19 cr votes for, 3,192 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Anup Kumar Saha (DIN: 07640220), 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 97% of shareholders other than promotersneeded 50%
192.88 cr votes for, 6.77 cr against · 3% of mutual funds and other big investors said no
4
To appoint M/s Makarand M. Joshi & Co., Practicing Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years.
Backed by 100% of shareholders other than promotersneeded 50%
199.97 cr votes for, 10.42 L 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 — 109 named members
owning 54.7% between them · as of 2026-06-30
BAJAJ FINSERV LIMITED51.30%
MAHARASHTRA SCOOTERS LIMITED3.06%
SANJIVNAYAN BAJAJ0.08%
BAJAJ SEVASHRAM PRIVATE LIMITED0.05%
BAJAJ LIFE INSURANCE LIMITED0.04%
BARODA INDUSTRIES PRIVATE LIMITED0.02%
JAMNALAL SONS PRIVATE LIMITED0.02%
SANJALI BAJAJ0.02%

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.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹892 cr raised in Mar 2025 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Mar 2025, so there is nothing to measure it against yet. CARE Ratings Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

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