Bajaj Finance Limited
₹939.20-₹1.50 (-0.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹5,90,669 Cr
- P/E
- 36.8x
- Revenue
- ₹61,949 Cr
- ROCE
- 24.2%
Price chart
Technical chartScreen technicals →-10.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -2.3%
- 3M
- -11.1%
- 6M
- +0.3%
- 1Y
- -10.7%
- 5Y
- +24.8%
52-week range
Day change -₹1.50 (-0.2%) from ₹941 to ₹939 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in BAJFINANCE, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 21.0%
Concerns1
- Negative free cash flow (₹52094 Cr)
Rule-based from financial data. Not advice.
About the company
Bajaj Finance Limited operates as a deposit-taking non-banking financial company in India. The company offers financing for various products, such as consumer electronics, furniture, digital products, e-commerce purchases, retail spends, and two and three-wheelers; and personal, unsecured, home, and secured, gold, and car loans.
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Bajaj Finance Limited operates as a deposit-taking non-banking financial company in India. The company offers financing for various products, such as consumer electronics, furniture, digital products, e-commerce purchases, retail spends, and two and three-wheelers; and personal, unsecured, home, and secured, gold, and car loans. It also provides secured and unsecured loans to micro, small, and medium enterprises, SMEs, and professionals; loans against property, mutual funds, insurance policies, and shares; developer finance and lease rental discounting services; and new and used car financing, and tractor financing. In addition, the company offers commercial and rural lending; public and corporate deposits; loans against securities; micro-finance and auto financing lending; and broking and margin trade financing services. Further, it distributes life, health, and general insurance products. The company was formerly known as Bajaj Auto Finance Limited and changed its name to Bajaj Finance Limited in September 2010. The company was incorporated in 1987 and is based in Pune, India. Bajaj Finance Limited is a subsidiary of Bajaj Finserv Ltd.
- Sector
- Financial Services
- Shares outstanding
- 622 Cr shares
- ISIN
- INE296A01032
- BSE code
- 500034
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹5,90,669 Cr
- P/E
- 36.8x
- P/B
- 6.3x
- Earnings yield
- 2.7%
- 52-week high
- ₹1,153.00
- 52-week low
- ₹801.40
Profitability
- ROE
- 18.9%
- ROCE
- 24.2%
- Dividend payout
- 18.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- -0.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹61,949 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹5.00 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 31.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹52,380 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 91.9%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹491 Cr
Solvency and efficiency
- CFO / Net profit
- -4.14
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Revenue | ₹61,949 Cr |
| Interest paid | ₹18,657 Cr |
| Expenses | ₹20,776 Cr |
| Financing profit | ₹22,516 Cr |
| Other income | -₹18 Cr |
| Depreciation | ₹822 Cr |
| Profit before tax | ₹21,676 Cr |
| Tax and other | ₹5,014 Cr |
| Net profit | ₹16,662 Cr |
Revenue and net profit
Revenue grew 32.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹23,537 Cr | ₹3,956 Cr |
| FY2022 | ₹27,872 Cr | ₹6,350 Cr |
| FY2023 | ₹35,684 Cr | ₹10,290 Cr |
| FY2024 | ₹46,939 Cr | ₹12,644 Cr |
| FY2025 | ₹61,949 Cr | ₹16,662 Cr |
Cash flows
FY2025: -₹50,995 Cr from operations, -₹52,094 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹4,386 Cr | ₹4,810 Cr |
| FY2022 | -₹23,856 Cr | -₹20,050 Cr |
| FY2023 | -₹27,302 Cr | -₹39,702 Cr |
| FY2024 | -₹52,380 Cr | -₹62,101 Cr |
| FY2025 | -₹50,995 Cr | -₹52,094 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹61,949 Cr+32.0%1Y
- Net profit
- ₹16,662 Cr+31.8%1Y
- Cash from operations
- -₹50,995 Cr
- Free cash flow
- -₹52,094 Cr
- Revenue CAGR, 5Y
- 14.5%
- Net profit CAGR, 5Y
- 21.0%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹61,949 Cr | ₹22,516 Cr | — | ₹16,662 Cr | -₹50,995 Cr | -₹52,094 Cr | — | +32.0% | +31.8% |
Monthly returns
Month-by-month returns of BAJFINANCE across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹3.7 L Cr |
| Equity capital | ₹124 Cr |
| Reserves | ₹87,872 Cr |
| Borrowings | ₹2.8 L Cr |
| Other liabilities | ₹5,034 Cr |
| Assets | ₹3.7 L Cr |
| Fixed assets | ₹3,575 Cr |
| Capital work in progress | ₹39 Cr |
| Investments | ₹41,716 Cr |
| Other assets | ₹3.2 L Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
BAJFINANCE trades at 36.8x earnings against a peer median of 26.9x (a 37% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Bajaj Finance LimitedBAJFINANCEthis companyP/E ↑ premium | ₹5.9 L Cr | 36.8x | 6.3x | 18.9% | — |
| HDFC Bank Ltd.HDFCBANK | ₹14.4 L Cr | 20.3x | 2.8x | 13.4% | — |
| ICICI Bank Ltd.ICICIBANK | ₹10.3 L Cr | 20.7x | 3.3x | 16.2% | — |
| State Bank Of IndiaSBIN | ₹9.5 L Cr | 13.3x | 1.8x | 16.1% | — |
| LIFE INSURANCE CORPORATION OF INDIALICI | ₹5.3 L Cr | 10.3x | 3.7x | 38.2% | 9.9x |
| Kotak Mahindra Bank Ltd.KOTAKBANK | ₹4.2 L Cr | 31.7x | 3.4x | 14.0% | — |
| AXIS Bank Ltd.AXISBANK | ₹3.9 L Cr | 16.1x | 2.1x | 14.7% | — |
| Bajaj Finserv LimitedBAJAJFINSV | ₹3.2 L Cr | 224.0x | 32.1x | 18.6% | 208.5x |
| SBI Life Insurance Company LimitedSBILIFE | ₹2.1 L Cr | 85.2x | 11.4x | 14.2% | 95.9x |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
BAJFINANCE since 1 January, against earlier years.
Historical volatility
BAJFINANCE's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 24.0% |
| FY2022 | 32.0% |
| FY2023 | 40.0% |
| FY2024 | 38.0% |
| FY2025 | 36.0% |
| Line | FY2025 |
|---|---|
| Revenue | ₹61,949 Cr |
| Costs | |
| Interest | ₹18,657 Cr |
| Expenses | ₹20,776 Cr |
| Financing profitFinancing Profit | ₹22,516 Cr |
| Financing marginFinancing Margin % | 36.0% |
| Other income and charges | |
| Profit before tax | ₹21,676 Cr |
| Tax | |
| Net profitNet Profit | ₹16,662 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹3.7 L Cr |
| Equity capitalEquity Capital | ₹124 Cr |
| Reserves | ₹87,872 Cr |
| BorrowingsBorrowing | ₹2.8 L Cr |
| Other liabilitiesOther Liabilities | ₹5,034 Cr |
| AssetsTotal Assets | ₹3.7 L Cr |
| Fixed assetsFixed Assets | ₹3,575 Cr |
| Capital work in progressCWIP | ₹39 Cr |
| Investments | ₹41,716 Cr |
| Other assetsOther Assets | ₹3.2 L Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹50,995 Cr |
| Investing cash flowCash from Investing Activity | -₹1,099 Cr |
| Financing cash flowCash from Financing Activity | ₹51,604 Cr |
| Change in cashNet Cash Flow | -₹491 Cr |
Learn while you research
Academy chapters picked for Bajaj Finance Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 36.8, learn when high multiples are justified.6 min read
- 04 Growth Investing32% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read