MarketFriction

Bajaj Finance Ltd

NSE BAJFINANCE · BSE 500034 · Non Banking Financial Company (NBFC)
₹948.30 -1.16%
NSE close2026-10-01
52 week range787.90 - 1,176.40
Market cap₹6,06,283 Cr.
P/E29.6
Nifty 50Nifty 100Nifty 200Nifty 500Nifty Financial Services No price band Delivery 59.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue13,38214,16414,92616,10017,09118,03518,29419,52420,17921,01321,60623,165
Interest4,5374,8685,2175,6846,1496,3866,5516,9187,0117,3397,3987,942
Expenses3,9314,2294,4204,9565,3385,6915,8655,9926,3077,7376,5536,793
Financing Profit4,9145,0665,2895,4605,6045,9585,8796,6146,8615,9377,6548,430
Financing Margin %37%36%35%34%33%33%32%34%34%28%35%36%
Other Income25957262155-262116
Depreciation159176193200210219252251258244256288
Profit before tax4,7584,8965,1055,2655,4015,7655,6476,3686,6085,4317,4108,149
Tax %25%26%25%26%26%25%20%25%25%25%25%25%
Net Profit3,5513,6393,8253,9124,0144,3084,5464,7654,9484,0665,5536,081
EPS in Rs5.865.896.186.326.466.867.217.567.846.398.789.61
Gross NPA %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%0.37%0.37%0.38%0.46%0.48%0.44%0.50%0.60%0.47%0.41%0.39%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue7,2999,97012,74618,48726,37526,67331,63341,41154,97268,83281,98585,964
Interest2,9593,8534,6966,7239,6089,5199,84812,70118,88624,99128,89929,690
Expenses2,3543,2504,1155,4549,15910,83911,88012,69316,09920,87825,99827,390
Financing Profit1,9862,8673,9356,3107,6096,3149,90516,01819,98722,96327,08828,883
Financing Margin %27%29%31%34%29%24%31%39%36%33%33%34%
Other Income3522101383-17-56-2-263-240
Depreciation56711021442953253854856838811,0091,045
Profit before tax1,9652,8173,8436,1797,3225,9929,50415,52819,31022,08025,81727,598
Tax %35%35%35%35%28%26%26%26%25%24%25%
Net Profit1,2791,8362,4963,9955,2644,4207,02811,50814,45116,77919,33220,648
EPS in Rs2.373.344.326.918.757.3311.6119.0123.3526.7730.5632.62
Dividend Payout %10%11%9%9%11%14%17%16%15%21%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth27%25%26%18%
Compounded Profit Growth31%34%19%18%
Stock Price CAGR25%5%8%-3%
Return on Equity19%20%20%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital5054109115115120120121121124124622
Reserves4,7507,3739,49115,73319,58232,20836,79843,59254,25176,57296,569113,377
Borrowing26,65537,02549,25066,557101,588129,806131,634165,232216,690293,346361,249435,112
Other Liabilities1,3252,5224,8812,3932,9482,2572,9183,5614,1645,7008,18510,841
Total Liabilities32,78046,97363,73184,798124,233164,391171,470212,505275,226375,742466,127559,952
Fixed Assets2522903664706951,3211,3161,7162,3083,2503,7803,947
CWIP0000005134804341119
Investments3261,0294,0703,1398,59917,54418,39712,24622,75230,88134,44130,578
Other Assets32,20145,65459,29581,189114,939145,526151,707198,509250,087341,568427,865525,309
Total Assets32,78046,97363,73184,798124,233164,391171,470212,505275,226375,742466,127559,952
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-7,064-9,870-10,439-20,566-29,062-24,412-807-37,029-42,112-72,760-67,792-65,790
Cash from Investing Activity-360-687-3,0471,075-5,379-8,758-4296,347-10,394-7,171-2,765-3,389
Cash from Financing Activity6,86711,65612,51319,50334,44934,1671,74132,24050,67582,41570,16567,433
Net Cash Flow-5571,100-9721399985051,558-1,8312,484-392-1,746
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%
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters55.87%54.78%54.69%54.70%54.70%54.70%54.73%54.73%54.67%54.70%54.71%54.68%
FIIs20.41%20.92%20.55%21.08%20.81%20.79%21.45%21.71%21.97%21.49%21.33%20.20%
DIIs13.05%14.01%14.33%14.23%15.01%15.08%14.78%14.52%14.39%14.86%15.10%16.30%
Government0.07%0.07%0.07%0.09%0.09%0.08%0.08%0.08%0.08%0.08%0.08%0.09%
Public10.50%10.17%10.19%9.83%9.36%9.32%8.84%8.92%8.78%8.77%8.73%8.64%
Others0.10%0.05%0.16%0.08%0.05%0.04%0.10%0.03%0.12%0.10%0.07%0.08%
No. of Shareholders7,26,5837,45,0407,99,1998,05,2417,81,9137,91,3927,05,6108,99,7779,41,9999,61,99410,02,9459,85,158

Fundamentals

Market Cap₹ 6,06,283 Cr.
Current Price₹ 974
Stock P/E29.6
Book Value₹ 183
ROCE10.9 %
ROE18.2 %
Dividend Yield0.55 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)18%
Consolidated figures.
Valuation
Market capRs 590,078 Cr
Enterprise valueRs 1,009,435 Cr
P/E (TTM)29.06x
Price to book5.18x
Price to sales6.86x
EV / EBITDA17.30x
EV / EBIT17.62x
EV / sales11.74x
Earnings yield3.44%
Dividend yield0.63%
P/E, 3-year average10.89x
P/B, 3-year average1.84x
P/E, 5-year average8.37x
P/B, 5-year average1.43x
Profitability
Operating margin (excl. other income)68.29%
Operating margin (incl. other income)67.97%
EBITDA margin67.86%
Pre-tax margin32.10%
Net profit margin23.62%
Net margin, latest quarter25.84%
ROE18.05%
ROCE10.87%
ROA3.71%
ROE, 3-year average19.77%
ROCE, 3-year average11.38%
ROA, 3-year average4.03%
ROE, 5-year average20.04%
ROCE, 5-year average11.23%
ROA, 5-year average4.10%
ROIC (approx.)8.04%
Tax rate25.12%
Other income / net worth-0.23%
Growth
Sales growth (latest year)19.11%
Profit growth (latest year)14.30%
Sales CAGR, 3 years25.57%
Sales CAGR, 5 years25.18%
Profit CAGR, 3 years18.23%
Profit CAGR, 5 years33.89%
Sales growth QoQ7.22%
Profit growth QoQ9.54%
Sales growth YoY (latest quarter)18.65%
Profit growth YoY (latest quarter)27.37%
Per share
EPS (TTM)Rs 32.63
EPS (latest year)Rs 30.56
EPS (latest quarter)Rs 9.62
EPS, 3-year averageRs 177.38
EPS, 5-year averageRs 167.80
Book value per shareRs 183.21
Sales per shareRs 138.15
Cash flow per shareRs -105.73
Free cash flow per shareRs -107.17
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 32.65
Dividend per share, 5-year averageRs 29.59
Dividends
Dividend payout19.62%
Dividend payout, 3-year average18.64%
Dividend payout, 5-year average17.77%
Efficiency
Asset turnover0.15x
Fixed asset turnover20.77x
Debtor days8 days
Debtors turnover42.97x
Leverage
Total debtRs 435,112 Cr
Cash and bankRs 15,755 Cr
Net debtRs 419,357 Cr
Debt to equity3.82x
Net debt / EBITDA7.19x
Interest coverage1.93x
Owners' fund to total sources20.36%
Debt to assets77.71%
Cash flow
Cash from Operating Activity (latest year)Rs -65,790 Cr
Cash from Investing Activity (latest year)Rs -3,389 Cr
Cash from Financing Activity (latest year)Rs 67,433 Cr
Net Cash Flow (latest year)Rs -1,746 Cr
Free cash flow (latest year)Rs -66,686 Cr
FCFE (approx.: FCF + change in debt)Rs 7,178 Cr
Cash from ops / profit, 5 years-4.13x
Statement figures
Net sales (TTM)Rs 85,964 Cr
Net sales (latest year)Rs 81,985 Cr
Sales (latest quarter)Rs 23,165 Cr
Operating profit excl. other income (latest year)Rs 55,987 Cr
Operating profit (latest quarter)Rs 16,373 Cr
Other income (TTM)Rs -240 Cr
EBITDA (TTM)Rs 58,333 Cr
PBDT (TTM)Rs 28,643 Cr
Profit before tax (TTM)Rs 27,598 Cr
Tax (latest year)Rs 6,484 Cr
Net profit (TTM)Rs 20,304 Cr
Net profit (latest year)Rs 19,017 Cr
Net profit (latest quarter)Rs 5,986 Cr
Depreciation (TTM)Rs 1,045 Cr
Depreciation (latest quarter)Rs 288 Cr
Interest (TTM)Rs 29,690 Cr
Cost of goods sold (latest year)Rs 3,924 Cr
Total expenditure (latest year)Rs 25,998 Cr
Total income (latest year)Rs 81,722 Cr
Share capitalRs 622 Cr
ReservesRs 113,377 Cr
Shareholders' fundsRs 113,999 Cr
Total assetsRs 559,952 Cr
Net blockRs 3,947 Cr
Capital work in progressRs 119 Cr
InvestmentsRs 30,578 Cr
ReceivablesRs 1,908 Cr
Other liabilitiesRs 10,841 Cr
Shares outstanding (crore)622.25
Ownership
Promoter holding54.68% (-0.05 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 29.1 is at the 2th percentile of its own 9.4-year range (median 54.1, low 27.7, high 108.0).
P/B 5.18 is at the 1th percentile (median 9.02).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBAJFINANCENifty 50Difference
1 week-3.4%-2.8% -0.7 pts
1 month-10.0%-6.8% -3.2 pts
3 months-8.1%-7.6% -0.4 pts
6 months+18.3%+0.4% +17.9 pts
1 year-6.4%-9.9% +3.6 pts
2 years+24.9%-13.6% +38.4 pts
3 years+21.4%+14.2% +7.2 pts
5 years+26.1%+27.9% -1.8 pts
472 mutual fund schemes hold about ₹49,868 Cr. Over three months 360 bought more and 58 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Focused Fund8.46%4,334 +70%
SBI Aggressive Hybrid Fund2.74%2,431 +10%
Nippon India Large Cap Fund3.23%1,748 -7%
Axis Large Cap Fund4.87%1,527 +12%
UTI Flexi Cap Fund5.67%1,370 -1%
Kotak Arbitrage Fund(M1.80%1,363 +8%
Kotak Flexi Cap Fund2.06%1,163 +13%
Kotak Flexi Cap Fund2.06%1,157 +13%
Axis ELSS-Tax Saver Fund3.42%1,118 -5%
Nippon India Multi Cap Fund1.71%965 -3%
SBI ELSS Tax Saver Fund2.88%913 +59%
SBI Banking & Financial Services Fund7.52%818 +46%
ICICI Pru Balanced Advantage Fund(M1.04%783 +97%
UTI Nifty 50 Index Fund2.57%758 +14%
Canara Rob Large and Mid Cap Fund2.85%750 +10%
Mirae Asset Large Cap Fund1.85%715 +10%
Kotak Large & Mid Cap Fund2.21%713 +11%
HDFC Nifty 50 Index Fund2.57%622 +14%
SBI Arbitrage Fund1.31%619 +68%
Axis Focused Fund5.40%617 +11%
Axis Flexi Cap Fund4.26%595 +9%
Canara Rob Large Cap Fund3.39%579 +12%
Axis Flexi Cap Fund4.26%575 +9%
Parag Parikh Flexi Cap Fund0.38%564 +11%
Axis Midcap Fund1.38%475 +98%

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -412% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 15% of total assets in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-04-07BFL EMPLOYEE WELFARE TRUSTOtherother3,472,439Rs 127.83 CrOthers
2026-04-02--other-
2026-03-27Maharashtra Scooters LimitedPromoter Groupbuy270,000Rs 23.07 CrMarket Purchase
2026-03-25Maharashtra Scooters LimitedPromoter Groupbuy245,000Rs 21.58 CrMarket Purchase
2026-03-05Bajaj Life Insurance Co. Ltd.Promoter Groupbuy7,480Rs 74.80 CrMarket Purchase
2025-12-29Sanjali BajajPromoter Groupbuy902,500Rs 89.98 CrMarket Purchase
2025-12-29Siddhantnayan BajajPromoter Groupbuy902,000Rs 89.96 CrMarket Purchase
2025-12-29Bajaj Life Insurance Co. Ltd.Promoter Groupbuy2,500Rs 25.00 CrMarket Purchase
2025-12-29Bajaj Life Insurance Co. Ltd.Promoter Groupbuy5,000Rs 50.00 CrMarket Purchase
2025-12-05Bajaj Allianz General Insurance CoPromoter Groupbuy191,000Rs 20.17 CrMarket Purchase
2025-09-29Bajaj Allianz General Insurance CoPromoter Groupbuy153,000Rs 15.14 CrMarket Purchase
2025-09-29Neelima Bajaj Family TrustPromoter Groupother610,000Rs 60.51 CrOff Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹23,165 Cr +18.6% vs Jun 2025. Net profit ₹6,081 Cr +27.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-30Dividend - Rs 6 Per Share
2025-06-16Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share0.5000
2025-06-16Bonus 4:10.2000
2025-05-30Dividend - Rs 44 Per Share
2025-05-09Special Dividend - Rs 12 Per Share
2024-06-21Dividend - Rs 36 Per Share
2023-06-30Dividend - Rs 30 Per Share
2022-06-30Dividend - Rs 20 Per Share
2021-07-08 Annual General Meeting/Dividend - Rs 10 Per Share
2020-03-03 Interim Dividend - Rs 10 Per Share
2019-07-11 Annual General Meeting/ Dividend - Rs 6 Per Share
2018-07-05 Annual General Meeting / Dividend- Rs 4 Per Share
2017-07-06 Annual General Meeting/Dividend - Rs 3.60/- Per Share
2016-09-08 Bonus 1:1/Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.1000
2016-07-14 Dividend Rs 7/- Per Share
2016-03-16 Interim Dividend - Rs 18/- Per Share (Purpose Revised)
2015-07-09Annual General Meeting / Dividend - Rs 18/- Per Share
2014-07-03Annual General Meeting And Dividend Rs.16/- Per Share
2013-07-04Annual General Meeting And Dividend Rs.15/- Per Share
2013-01-23Rights 3:19 @ Premium Rs 1090 Per Share
2012-07-05Annual General Meeting And Dividend - Rs.12/- Per Share
2011-06-29Annual General Meeting And Dividend Rs.10/- Per Share
2010-07-08Annual General Meeting And Dividend Rs.6/- Per Share
2009-06-29Agm/Div-Rs.2/- Per Share
2008-06-27Agm/Dividend-10%
2007-06-28Agm/Dividend-30%
2006-11-13Right-Eq6:10 & 1ncd:4eq
2006-06-29Agm/Dividend-40%
DateTypeWhat it says
2026-10-01Qualified Institutional PlacQualified Institutional Placement
2026-10-01Preferential issuePreferential issue
2026-10-01Board meeting outcomeOutcome of Board Meeting held on October 01, 2026 - Capital raise through QIP and Preferential Issue.
2026-09-17Concall / analyst meetSchedule of meet
2026-09-17Concall / analyst meetSchedule of meet
2026-09-15Concall / analyst meetSchedule of meet
2026-09-15Concall / analyst meetSchedule of meet
2026-09-08AllotmentAllotment of 205000 Non Convertible Securities at its meeting held on September 08, 2026
2026-09-01Address ChangeChange in Registered Office of the company.
2026-08-27AllotmentAllotment of 500000 Non Convertible Securities at its meeting held on August 27, 2026.
2026-08-26Concall / analyst meetSchedule of meet
2026-08-18AllotmentAllotment of 50000 Non Convertible Securities at its meeting held on August 18, 2026
2026-08-17Concall / analyst meetSchedule of meet
2026-08-12ResignationResignation of Director/KMP/SMP
2026-08-11ResignationResignation of Mr. Amit Raghuvanshi as President - Cars, Two-Wheeler & Sales Finance w.e.f. close of business hours on August 11, 2026.
2026-08-10AllotmentAllotment of 111500 Non Convertible Securities at its meeting held on August 10, 2026
2026-08-04Concall / analyst meetTranscript of conference call held in respect of the financial results for the quarter ended 30 June 2026.
2026-07-31General UpdatesChange in Directorate.
2026-07-31Shareholder meetingVoting results.
2026-07-30Concall / analyst meetLink of Recording
2026-07-30Shareholder meetingProceedings of Annual General Meeting held on July 30, 2026
2026-07-30Investor PresentationInvestor Presentation
2026-07-30Board meeting outcomeBajaj Finance Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23AllotmentAllotment of 114076 securities pursuant to Non Convertible Securities at its meeting held on July 23, 2026
2026-07-15Concall / analyst meetSchedule of Conference call in respect of financial results for the quarter ended 30 June 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.75
Max pain (expiry 2026-10-27)990
Largest call open interest at1,000
Largest put open interest at940
Implied volatility, at the money29.9%
Underlying at snapshot948.30
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-30554
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Bajaj Finance Ltd?

Bajaj Finance Ltd (BAJFINANCE) has a market capitalisation of Rs 6,06,283 Cr. at the 2026-10-01 close.

What is the P/E ratio of Bajaj Finance Ltd?

Bajaj Finance Ltd trades at a P/E of 29.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Bajaj Finance Ltd's latest quarterly results?

In the Jun 2026 quarter, Bajaj Finance Ltd revenue was Rs 23,165 Cr (+18.6% vs Jun 2025) and net profit was Rs 6,081 Cr.

What is the 52-week high and low of Bajaj Finance Ltd?

The 52-week high is Rs 1,176.40 and the 52-week low is Rs 787.90.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03