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Bajaj Finserv Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,364.05Overvalued by 17.08%vs CMP ₹1,645.00

P/E (26.5) × ROE (13.2%) × BV (₹487.00) × DY (0.09%)

₹1,493.71Fairly Valued by 9.20%vs CMP ₹1,645.00
MoS: -10.1% (Negative)Confidence: 43/100 (Low)Models: 2 Under, 1 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,584.6927%Fair (-3.7%)
Graham NumberEarnings₹814.8120%Over (-50.5%)
Earnings PowerEarnings₹799.5713%Over (-51.4%)
DCFCash Flow₹2,542.8513%Under (+54.6%)
EV/EBITDAEnterprise₹3,167.1011%Under (+92.5%)
Earnings YieldEarnings₹605.909%Over (-63.2%)
Revenue MultipleRevenue₹836.057%Over (-49.2%)
Consensus (7 models)₹1,493.71100%Fairly Valued
Key Drivers: Wide model spread (₹606–₹3,167) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.2%

*Investments are subject to market risks

Analyst Summary

Bajaj Finserv Ltd operates in the Holding Company segment, NSE: BAJAJFINSV | BSE: 532978, current market price is ₹1,645.00, market cap is 2,63,306 Cr.. At a glance, stock P/E is 26.5, ROE is 13.2 %, ROCE is 10.5 %, book value is 487, dividend yield is 0.09 %. The latest intrinsic value estimate is ₹1,493.71, around 9.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹133,822 Cr versus the prior period change of 21.2%, while latest net profit is about ₹17,558 Cr with a prior-period change of 12.6%. The 52-week range shown on this page is 2,195/1,597, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisBajaj Finserv Ltd. is a Public Limited Listed company incorporated on 30/04/2007 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65…

This summary is generated from the stock page data available for Bajaj Finserv Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

58
Bajaj Finserv Ltd scores 58/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health55/100 · Moderate
ROCE 10.5% AverageROE 13.2% GoodD/E 3.57 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -1.17% (6mo) SellingDII holding up 1.67% MF buyingPromoter holding at 58.7% Stable
Earnings Quality65/100 · Strong
OPM expanding (34% → 37%) Improving
Quarterly Momentum58/100 · Moderate
Revenue (4Q): +15% YoY GrowingProfit (4Q): +14% YoY PositiveOPM: 35.0% (down 4.0% YoY) Margin pressure
Industry Rank60/100 · Moderate
P/E 26.5 vs industry 23.9 In-lineROCE 10.5% vs industry 12.0% Average3Y sales CAGR: 25% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 4:21 am

Market Cap 2,63,306 Cr.
Current Price 1,645
Intrinsic Value₹1,493.71
High / Low 2,195/1,597
Stock P/E26.5
Book Value 487
Dividend Yield0.09 %
ROCE10.5 %
ROE13.2 %
Face Value 1.00
PEG Ratio1.64

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Bajaj Finserv Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bajaj Finserv Ltd 2,63,306 Cr. 1,645 2,195/1,59726.5 4870.09 %10.5 %13.2 % 1.00
Bajaj Holdings & Investment Ltd 1,09,765 Cr. 9,863 14,763/8,58813.4 6,5731.47 %11.0 %12.0 % 10.0
IDFC Ltd 17,275 Cr. 108 /19.9 83.60.93 %8.49 %8.37 % 10.0
Choice International Ltd 14,616 Cr. 656 860/56967.2 75.00.00 %18.0 %16.1 % 10.0
BF Investment Ltd 1,596 Cr. 424 528/3155.66 2,2670.00 %4.86 %3.65 % 5.00
Industry Average58,341.57 Cr1,864.4323.881,401.470.36%12.00%13.52%6.86

All Competitor Stocks of Bajaj Finserv Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 21,75523,62523,28026,02329,03832,04131,48033,70432,04236,59535,43937,40339,708
Expenses 13,92415,47013,93516,07318,60121,10819,65521,42019,66923,86821,12423,35225,842
Operating Profit 7,8318,1549,3459,95010,43810,93311,82512,28312,37312,72814,31514,05013,866
OPM % 36%35%40%38%36%34%38%36%39%35%40%38%35%
Other Income 02302433310133-378
Interest 3,2413,4364,0204,4494,7775,1545,5926,0466,2766,3966,8076,9017,232
Depreciation 172181202209232257267275288339317327330
Profit before tax 4,4194,5405,1255,2925,4315,5275,9685,9665,8126,0027,2046,8255,926
Tax % 25%27%28%29%26%26%29%30%24%21%26%30%26%
Net Profit 3,3003,3353,7093,7564,0454,0854,2094,1804,4124,7565,3294,7464,368
EPS in Rs 11.1911.1112.2012.0913.5213.2813.3913.0713.9715.1417.4614.0413.95

Last Updated: February 7, 2026, 12:03 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 11:51 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6,02311,33520,53324,50732,86242,60554,35160,59268,40682,072110,382133,822149,145
Expenses 1,5315,82313,79515,79422,07427,56936,09440,95046,95152,20469,49784,29894,186
Operating Profit 4,4915,5116,7398,71310,78815,03718,25819,64121,45529,86840,88649,52454,959
OPM % 75%49%33%36%33%35%34%32%31%36%37%37%37%
Other Income 3800120-781-4-18-352
Interest 1,5622,2302,8773,7164,5316,6579,5009,2749,62912,38018,60724,58727,337
Depreciation 313858731602264574985636789001,1701,314
Profit before tax 2,9023,2513,8044,9256,0998,1558,3029,86211,27116,81121,37523,74825,957
Tax % 24%26%27%30%32%34%28%25%26%27%27%26%
Net Profit 2,1912,4092,7753,4504,1765,3745,9947,3678,31412,21015,59517,55819,200
EPS in Rs 9.7110.6211.7114.2116.6520.2321.1728.0928.6340.2951.0755.5760.59
Dividend Payout % 2%2%1%1%1%1%2%1%1%2%2%2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)9.95%15.19%24.32%21.04%28.69%11.54%22.91%12.85%46.86%27.72%12.59%
Change in YoY Net Profit Growth (%)0.00%5.24%9.13%-3.28%7.64%-17.15%11.37%-10.05%34.01%-19.14%-15.14%

Bajaj Finserv Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:28%
5 Years:20%
3 Years:25%
TTM:16%
Compounded Profit Growth
10 Years:18%
5 Years:21%
3 Years:25%
TTM:14%
Stock Price CAGR
10 Years:28%
5 Years:26%
3 Years:5%
1 Year:7%
Return on Equity
10 Years:14%
5 Years:14%
3 Years:14%
Last Year:13%

Last Updated: September 4, 2025, 9:25 pm

No data available for the Balance Sheet data table.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -10,731-9,795-10,922-19,580-27,076-23,3694,547-33,670-39,480-65,502-62,113-55,301
Cash from Investing Activity + 3,709-886151-922-6,903-9,948-3,6841,445-13,945-14,132-7,987-12,635
Cash from Financing Activity + 6,83911,60212,51319,59034,53534,4791,68732,32651,01682,70970,19166,610
Net Cash Flow -1839211,742-9115551,1622,551101-2,4093,07592-1,326
Free Cash Flow -10,731-9,795-10,922-19,883-27,646-24,2394,096-34,420-40,603-66,811-63,829-56,619
CFO/OP -195%-145%-125%-162%-161%-113%34%-142%-117%-146%-111%-84%

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 221712191919181716152023
Inventory Days
Days Payable
Cash Conversion Cycle 221712191919181716152023
Working Capital Days -1,669-741-341-301-750-644-417-490-493-444-406-374
ROCE %16%15%14%14%13%13%11%10%10%11%12%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters 60.79%60.69%60.69%60.69%60.64%60.64%60.64%60.64%58.81%58.81%58.81%58.72%
FIIs 7.17%7.66%7.91%8.42%8.39%8.24%7.40%7.53%8.40%8.11%8.06%7.23%
DIIs 7.30%7.09%7.48%7.33%7.60%8.13%8.91%8.99%10.09%10.49%10.74%11.76%
Public 24.66%24.31%23.70%23.38%23.18%22.84%22.93%22.71%22.60%22.52%22.37%22.16%
Others 0.10%0.25%0.21%0.18%0.19%0.14%0.12%0.10%0.10%0.07%0.02%0.13%
No. of Shareholders 6,91,2346,60,2955,85,2205,67,0417,08,4328,07,3607,77,6807,08,8456,83,2796,39,6246,17,0716,01,457

Shareholding Pattern Chart

No. of Shareholders

Bajaj Finserv Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Focused Fund 10,000,000 4.54 1952.6N/AN/AN/A
ICICI Prudential Multi Asset Fund 8,094,127 1.96 1580.465,301,4702026-02-23 06:14:1452.68%
HDFC Large Cap Fund 5,439,567 2.68 1062.134,165,2472026-02-23 06:14:1430.59%
ICICI Prudential Value Fund 4,355,765 1.41 850.513,295,7762026-02-23 06:14:1432.16%
ICICI Prudential Large & Mid Cap Fund 3,901,123 2.78 761.732,731,3082026-02-23 06:14:1442.83%
SBI Multicap Fund 3,740,000 3.18 730.27N/AN/AN/A
SBI Banking & Financial Services Fund 3,411,808 6.4 666.192,802,0182025-12-15 01:16:5521.76%
ICICI Prudential Balanced Advantage Fund 2,445,936 0.68 477.59N/AN/AN/A
Aditya Birla Sun Life Flexi Cap Fund 2,014,387 1.59 393.33N/AN/AN/A
SBI Equity Hybrid Fund 2,000,000 0.48 390.52N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.005.005.00
Basic EPS (Rs.) 55.6051.2040.30286.30280.90
Diluted EPS (Rs.) 55.0050.7040.00286.30280.90
Cash EPS (Rs.) 117.23103.4380.91557.79494.28
Book Value[Excl.RevalReserv]/Share (Rs.) 453.60651.00487.244167.393663.06
Book Value[Incl.RevalReserv]/Share (Rs.) 453.60651.00487.244167.393663.06
Revenue From Operations / Share (Rs.) 838.48692.44515.334298.483807.41
PBDIT / Share (Rs.) 308.33255.11186.421340.451225.48
PBIT / Share (Rs.) 301.00249.46182.161305.091194.16
PBT / Share (Rs.) 148.69134.04105.55708.24619.74
Net Profit / Share (Rs.) 109.9097.7876.66522.43462.96
NP After MI And SOA / Share (Rs.) 55.5951.1140.29286.34280.91
PBDIT Margin (%) 36.7736.8436.1731.1832.18
PBIT Margin (%) 35.8936.0235.3430.3631.36
PBT Margin (%) 17.7319.3520.4816.4716.27
Net Profit Margin (%) 13.1014.1214.8712.1512.15
NP After MI And SOA Margin (%) 6.627.387.816.667.37
Return on Networth / Equity (%) 12.2513.5013.8211.3212.47
Return on Capital Employeed (%) 35.4513.9313.7011.7813.35
Return On Assets (%) 1.361.511.581.361.59
Long Term Debt / Equity (X) 0.002.922.802.642.25
Total Debt / Equity (X) 4.894.774.563.993.57
Asset Turnover Ratio (%) 0.220.230.010.000.00
Current Ratio (X) 1.242.102.062.041.95
Quick Ratio (X) 1.242.102.062.041.95
Dividend Payout Ratio (NP) (%) 1.791.560.991.040.00
Dividend Payout Ratio (CP) (%) 1.581.400.890.930.00
Earning Retention Ratio (%) 98.2198.4499.0198.960.00
Cash Earning Retention Ratio (%) 98.4298.6099.1199.070.00
Interest Coverage Ratio (X) 2.022.212.432.252.13
Interest Coverage Ratio (Post Tax) (X) 1.721.852.001.881.81
Enterprise Value (Cr.) 714801.58580673.63438933.70453552.41300819.87
EV / Net Operating Revenue (X) 5.345.265.356.634.96
EV / EBITDA (X) 14.5314.2814.7821.2615.42
MarketCap / Net Operating Revenue (X) 2.392.372.463.972.54
Retention Ratios (%) 98.2098.4399.0098.950.00
Price / BV (X) 4.424.344.356.744.29
Price / Net Operating Revenue (X) 2.392.372.463.972.54
EarningsYield 0.020.030.030.010.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bajaj Finserv Ltd. is a Public Limited Listed company incorporated on 30/04/2007 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65923PN2007PLC130075 and registration number is 130075. Currently Company is involved in the business activities of Life insurance. Company's Total Operating Revenue is Rs. 2016.23 Cr. and Equity Capital is Rs. 159.87 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Holding CompanyBajaj Auto Limited Complex, Mumbai - Pune Road, Pune Maharashtra 411035Contact not found
Management
NamePosition Held
Mr. Sanjiv BajajChairman & Managing Director
Mrs. Radhika HaribhaktiDirector
Mr. Rajiv BajajDirector
Mr. Pramit JhaveriDirector
Dr. Naushad ForbesDirector
Mr. Anami N RoyDirector
Mr. Manish KejriwalDirector
Mr. Sanjiv SahaiDirector
Mr. Rajeev JainDirector
FAQ: Stock data is invalid or not in the correct format.
Last Updated: June 12, 2026, 4:21 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532978 | NSE: BAJAJFINSV
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Bajaj Finserv Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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