Bajaj Finserv Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 7, 2025, 3:27 pm

Market Cap	2,94,951 Cr.
Current Price	1,847
High / Low	2,030/1,419
Stock P/E	34.4
Book Value	428
Dividend Yield	0.05 %
ROCE	11.7 %
ROE	15.3 %
Face Value	1.00
PEG Ratio	2.49

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Bajaj Finserv Ltd

Competitors of Bajaj Finserv Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Choice International Ltd	9,721 Cr.	487	569/244	67.8	44.6	0.00 %	24.8 %	23.6 %	10.0
Abans Holdings Ltd	1,013 Cr.	200	625/165	10.9	198	0.00 %	9.23 %	9.30 %	2.00
Max India Ltd	838 Cr.	194	338/177		103	0.00 %	7.69 %	10.7 %	10.0
IDFC Ltd	17,275 Cr.	108	129/104	19.9	83.6	0.93 %	8.49 %	8.37 %	10.0
BF Investment Ltd	1,803 Cr.	479	829/398	3.79	2,119	0.00 %	10.6 %	7.96 %	5.00
Industry Average	65,234.86 Cr	2,155.71		25.70	1,193.03	0.30%	12.23%	12.86%	6.86

All Competitor Stocks of Bajaj Finserv Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	17,587	18,862	15,888	20,803	21,755	23,625	23,280	26,023	29,038	32,041	31,480	33,704	32,042
Expenses	11,783	12,769	9,573	13,416	13,924	15,470	13,935	16,073	18,601	21,108	19,655	21,420	19,669
Operating Profit	5,804	6,093	6,315	7,387	7,831	8,154	9,345	9,950	10,438	10,933	11,825	12,283	12,373
OPM %	33%	32%	40%	36%	36%	35%	40%	38%	36%	34%	38%	36%	39%
Other Income	33	0	0	0	0	2	3	0	2	4	3	3	3
Interest	2,445	2,481	2,564	2,961	3,241	3,436	4,020	4,449	4,777	5,154	5,592	6,046	6,276
Depreciation	143	149	157	168	172	181	202	209	232	257	267	275	288
Profit before tax	3,249	3,462	3,594	4,258	4,419	4,540	5,125	5,292	5,431	5,527	5,968	5,966	5,812
Tax %	28%	27%	28%	30%	25%	27%	28%	29%	26%	26%	29%	30%	24%
Net Profit	2,349	2,534	2,578	2,997	3,300	3,335	3,709	3,756	4,045	4,085	4,209	4,180	4,412
EPS in Rs	7.89	8.46	8.23	9.77	11.19	11.11	12.20	12.09	13.52	13.28	13.39	13.07	13.97

Last Updated: February 28, 2025, 8:47 pm

Below is a detailed analysis of the quarterly data for Bajaj Finserv Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹32,042.00 Cr.. The value appears to be declining and may need further review. It has decreased from 33,704.00 Cr. (Sep 2024) to ₹32,042.00 Cr., marking a decrease of 1,662.00 Cr..
For Expenses, as of Dec 2024, the value is ₹19,669.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 21,420.00 Cr. (Sep 2024) to ₹19,669.00 Cr., marking a decrease of 1,751.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹12,373.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,283.00 Cr. (Sep 2024) to ₹12,373.00 Cr., marking an increase of ₹90.00 Cr..
For OPM %, as of Dec 2024, the value is 39.00%. The value appears strong and on an upward trend. It has increased from 36.00% (Sep 2024) to 39.00%, marking an increase of 3.00%.
For Other Income, as of Dec 2024, the value is ₹3.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 3.00 Cr..
For Interest, as of Dec 2024, the value is ₹6,276.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,046.00 Cr. (Sep 2024) to ₹6,276.00 Cr., marking an increase of ₹230.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹288.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 275.00 Cr. (Sep 2024) to ₹288.00 Cr., marking an increase of ₹13.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹5,812.00 Cr.. The value appears to be declining and may need further review. It has decreased from 5,966.00 Cr. (Sep 2024) to ₹5,812.00 Cr., marking a decrease of 154.00 Cr..
For Tax %, as of Dec 2024, the value is 24.00%. The value appears to be improving (decreasing) as expected. It has decreased from 30.00% (Sep 2024) to 24.00%, marking a decrease of 6.00%.
For Net Profit, as of Dec 2024, the value is ₹4,412.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,180.00 Cr. (Sep 2024) to ₹4,412.00 Cr., marking an increase of ₹232.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 13.97. The value appears strong and on an upward trend. It has increased from ₹13.07 (Sep 2024) to 13.97, marking an increase of ₹0.90.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:29 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	8,055	6,023	11,335	20,533	24,507	32,862	42,605	54,351	60,592	68,406	82,072	110,382	129,266
Expenses	4,124	1,531	5,823	13,795	15,794	22,074	27,569	36,094	40,950	46,951	52,204	69,497	81,852
Operating Profit	3,931	4,491	5,511	6,739	8,713	10,788	15,037	18,258	19,641	21,455	29,868	40,886	47,414
OPM %	49%	75%	49%	33%	36%	33%	35%	34%	32%	31%	36%	37%	37%
Other Income	2	3	8	0	0	1	2	0	-7	8	1	-4	14
Interest	1,204	1,562	2,230	2,877	3,716	4,531	6,657	9,500	9,274	9,629	12,380	18,607	23,067
Depreciation	22	31	38	58	73	160	226	457	498	563	678	900	1,088
Profit before tax	2,708	2,902	3,251	3,804	4,925	6,099	8,155	8,302	9,862	11,271	16,811	21,375	23,272
Tax %	18%	24%	26%	27%	30%	32%	34%	28%	25%	26%	27%	27%
Net Profit	2,214	2,191	2,409	2,775	3,450	4,176	5,374	5,994	7,367	8,314	12,210	15,595	16,886
EPS in Rs	9.89	9.71	10.62	11.71	14.21	16.65	20.23	21.17	28.09	28.63	40.29	51.07	53.71
Dividend Payout %	2%	2%	2%	1%	1%	1%	1%	2%	1%	1%	2%	2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-1.04%	9.95%	15.19%	24.32%	21.04%	28.69%	11.54%	22.91%	12.85%	46.86%	27.72%
Change in YoY Net Profit Growth (%)	0.00%	10.99%	5.24%	9.13%	-3.28%	7.64%	-17.15%	11.37%	-10.05%	34.01%	-19.14%

Bajaj Finserv Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	34%
5 Years:	21%
3 Years:	22%
TTM:	27%

Compounded Profit Growth
10 Years:	18%
5 Years:	20%
3 Years:	22%
TTM:	10%

Stock Price CAGR
10 Years:	29%
5 Years:	17%
3 Years:	6%
1 Year:	17%

Return on Equity
10 Years:	14%
5 Years:	14%
3 Years:	14%
Last Year:	15%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:50 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	80	80	80	80	80	80	80	80	80	80	159	159	160
Reserves	7,722	9,232	11,009	13,519	16,071	20,403	23,660	31,222	35,750	40,167	46,248	60,169	68,165
Borrowings	12,991	19,507	26,312	36,062	48,282	65,695	99,754	127,212	128,461	161,179	212,265	288,933	318,675
Other Liabilities	44,578	45,565	50,827	54,290	64,181	75,337	84,934	92,791	115,554	131,987	146,729	188,154	214,195
Total Liabilities	65,370	74,383	88,228	103,951	128,614	161,514	208,428	251,304	279,845	333,413	405,401	537,415	601,195
Fixed Assets	1,208	1,262	1,261	1,274	1,645	1,792	2,097	3,216	3,182	3,586	4,336	5,455	6,048
CWIP	2	1	3	11	4	28	66	45	129	113	191	220	105
Investments	43,251	45,314	51,367	53,698	62,658	69,428	81,679	91,821	113,654	119,222	136,176	168,385	185,250
Other Assets	20,910	27,805	35,598	48,969	64,306	90,266	124,587	156,223	162,879	210,493	264,698	363,355	409,792
Total Assets	65,370	74,383	88,228	103,951	128,614	161,514	208,428	251,304	279,845	333,413	405,401	537,415	601,195

Below is a detailed analysis of the balance sheet data for Bajaj Finserv Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹160.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹159.00 Cr. (Mar 2024) to ₹160.00 Cr., marking an increase of 1.00 Cr..
For Reserves, as of Sep 2024, the value is ₹68,165.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹60,169.00 Cr. (Mar 2024) to ₹68,165.00 Cr., marking an increase of 7,996.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹318,675.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from ₹288,933.00 Cr. (Mar 2024) to ₹318,675.00 Cr., marking an increase of 29,742.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹214,195.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹188,154.00 Cr. (Mar 2024) to ₹214,195.00 Cr., marking an increase of 26,041.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹601,195.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹537,415.00 Cr. (Mar 2024) to ₹601,195.00 Cr., marking an increase of 63,780.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹6,048.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹5,455.00 Cr. (Mar 2024) to ₹6,048.00 Cr., marking an increase of 593.00 Cr..
For CWIP, as of Sep 2024, the value is ₹105.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹220.00 Cr. (Mar 2024) to ₹105.00 Cr., marking a decrease of 115.00 Cr..
For Investments, as of Sep 2024, the value is ₹185,250.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹168,385.00 Cr. (Mar 2024) to ₹185,250.00 Cr., marking an increase of 16,865.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹409,792.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹363,355.00 Cr. (Mar 2024) to ₹409,792.00 Cr., marking an increase of 46,437.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹601,195.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹537,415.00 Cr. (Mar 2024) to ₹601,195.00 Cr., marking an increase of 63,780.00 Cr..

However, the Borrowings (318,675.00 Cr.) are higher than the Reserves (₹68,165.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-6,922	-9,807	-10,731	-9,795	-10,922	-19,580	-27,076	-23,369	4,547	-33,670	-39,480	-68,674
Cash from Investing Activity +	2,953	3,764	3,709	-886	151	-922	-6,903	-9,948	-3,684	1,445	-13,945	-10,960
Cash from Financing Activity +	4,592	6,521	6,839	11,602	12,513	19,590	34,535	34,479	1,687	32,326	51,016	82,709
Net Cash Flow	623	478	-183	921	1,742	-911	555	1,162	2,551	101	-2,409	3,075

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-9.00	-15.00	-21.00	-30.00	-40.00	-55.00	-84.00	-109.00	-109.00	-140.00	-183.00	-248.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	16	22	17	12	19	19	19	18	17	16	15	20
Inventory Days
Days Payable
Cash Conversion Cycle	16	22	17	12	19	19	19	18	17	16	15	20
Working Capital Days	-1,204	-1,338	-603	-243	-169	-675	-537	-417	-490	-493	-444	-400
ROCE %	19%	16%	15%	14%	14%	13%	13%	11%	10%	10%	11%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	60.80%	60.77%	60.80%	60.75%	60.75%	60.78%	60.79%	60.69%	60.69%	60.69%	60.64%	60.64%
FIIs	8.78%	8.50%	7.38%	7.48%	7.81%	7.03%	7.17%	7.66%	7.91%	8.42%	8.39%	8.24%
DIIs	6.75%	6.97%	7.70%	7.01%	6.91%	7.10%	7.30%	7.09%	7.48%	7.33%	7.60%	8.13%
Public	23.55%	23.65%	24.03%	24.60%	24.39%	24.95%	24.66%	24.31%	23.70%	23.38%	23.18%	22.84%
Others	0.12%	0.11%	0.09%	0.16%	0.14%	0.13%	0.10%	0.25%	0.21%	0.18%	0.19%	0.14%
No. of Shareholders	2,27,973	2,43,853	2,99,380	5,63,432	6,31,436	7,36,596	6,91,234	6,60,295	5,85,220	5,67,041	7,08,432	8,07,360

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Nifty 50 ETF	9,821,839	0.93	1598.31	2,396,346	2025-03-07	309.87%
SBI S&P BSE Sensex ETF	6,947,282	1.08	1130.43	2,396,346	2025-03-07	189.91%
Axis ELSS Tax Saver Fund	6,083,354	2.95	989.94	2,396,346	2025-03-07	153.86%
Axis Focused 25 Fund	3,894,424	4.57	633.74	2,396,346	2025-03-07	62.52%
Axis Bluechip Fund	3,809,216	1.9	619.87	2,396,346	2025-03-07	58.96%
UTI Nifty 50 ETF	2,719,873	0.93	442.6	2,396,346	2025-03-07	13.5%
UTI S&P BSE Sensex ETF	2,396,346	1.08	389.92	2,396,346	2025-03-07	0%
HDFC Balanced Advantage Fund - Regular Plan	1,869,000	0.39	304.14	2,396,346	2025-03-07	-22.01%
Nippon India ETF Nifty 50 BeES	1,159,782	0.93	188.73	2,396,346	2025-03-07	-51.6%
UTI Nifty 50 Index Fund	873,716	0.93	142.18	2,396,346	2025-03-07	-63.54%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	5.00	5.00	5.00
Basic EPS (Rs.)	51.20	40.30	286.30	280.90	211.70
Diluted EPS (Rs.)	50.70	40.00	286.30	280.90	211.70
Cash EPS (Rs.)	103.43	80.91	557.79	494.28	405.29
Book Value[Excl.RevalReserv]/Share (Rs.)	651.00	487.24	4167.39	3663.06	3196.02
Book Value[Incl.RevalReserv]/Share (Rs.)	651.00	487.24	4167.39	3663.06	3196.02
Revenue From Operations / Share (Rs.)	692.44	515.33	4298.48	3807.41	3415.02
PBDIT / Share (Rs.)	255.11	186.42	1340.45	1225.48	1137.13
PBIT / Share (Rs.)	249.46	182.16	1305.09	1194.16	1108.43
PBT / Share (Rs.)	134.04	105.55	708.24	619.74	521.62
Net Profit / Share (Rs.)	97.78	76.66	522.43	462.96	376.58
NP After MI And SOA / Share (Rs.)	51.11	40.29	286.34	280.91	211.71
PBDIT Margin (%)	36.84	36.17	31.18	32.18	33.29
PBIT Margin (%)	36.02	35.34	30.36	31.36	32.45
PBT Margin (%)	19.35	20.48	16.47	16.27	15.27
Net Profit Margin (%)	14.12	14.87	12.15	12.15	11.02
NP After MI And SOA Margin (%)	7.38	7.81	6.66	7.37	6.19
Return on Networth / Equity (%)	13.50	13.82	11.32	12.47	10.76
Return on Capital Employeed (%)	13.93	13.70	11.78	13.35	14.02
Return On Assets (%)	1.51	1.58	1.36	1.59	1.34
Long Term Debt / Equity (X)	2.92	2.80	2.64	2.25	2.30
Total Debt / Equity (X)	4.77	4.56	3.99	3.57	4.04
Asset Turnover Ratio (%)	0.23	0.01	0.00	0.00	0.01
Current Ratio (X)	2.10	2.06	2.04	1.95	1.92
Quick Ratio (X)	2.10	2.06	2.04	1.95	1.92
Dividend Payout Ratio (NP) (%)	1.56	0.99	1.04	0.00	3.54
Dividend Payout Ratio (CP) (%)	1.40	0.89	0.93	0.00	3.11
Earning Retention Ratio (%)	98.44	99.01	98.96	0.00	96.46
Cash Earning Retention Ratio (%)	98.60	99.11	99.07	0.00	96.89
Interest Coverage Ratio (X)	2.21	2.43	2.25	2.13	1.94
Interest Coverage Ratio (Post Tax) (X)	1.85	2.00	1.88	1.81	1.64
Enterprise Value (Cr.)	580673.63	438933.70	453552.41	300819.87	216682.58
EV / Net Operating Revenue (X)	5.26	5.35	6.63	4.96	3.99
EV / EBITDA (X)	14.28	14.78	21.26	15.42	11.97
MarketCap / Net Operating Revenue (X)	2.37	2.46	3.97	2.54	1.34
Retention Ratios (%)	98.43	99.00	98.95	0.00	96.45
Price / BV (X)	4.34	4.35	6.74	4.29	2.33
Price / Net Operating Revenue (X)	2.37	2.46	3.97	2.54	1.34
EarningsYield	0.03	0.03	0.01	0.02	0.04

After reviewing the key financial ratios for Bajaj Finserv Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 51.20. This value is within the healthy range. It has increased from 40.30 (Mar 23) to 51.20, marking an increase of 10.90.
For Diluted EPS (Rs.), as of Mar 24, the value is 50.70. This value is within the healthy range. It has increased from 40.00 (Mar 23) to 50.70, marking an increase of 10.70.
For Cash EPS (Rs.), as of Mar 24, the value is 103.43. This value is within the healthy range. It has increased from 80.91 (Mar 23) to 103.43, marking an increase of 22.52.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 651.00. It has increased from 487.24 (Mar 23) to 651.00, marking an increase of 163.76.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 651.00. It has increased from 487.24 (Mar 23) to 651.00, marking an increase of 163.76.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 692.44. It has increased from 515.33 (Mar 23) to 692.44, marking an increase of 177.11.
For PBDIT / Share (Rs.), as of Mar 24, the value is 255.11. This value is within the healthy range. It has increased from 186.42 (Mar 23) to 255.11, marking an increase of 68.69.
For PBIT / Share (Rs.), as of Mar 24, the value is 249.46. This value is within the healthy range. It has increased from 182.16 (Mar 23) to 249.46, marking an increase of 67.30.
For PBT / Share (Rs.), as of Mar 24, the value is 134.04. This value is within the healthy range. It has increased from 105.55 (Mar 23) to 134.04, marking an increase of 28.49.
For Net Profit / Share (Rs.), as of Mar 24, the value is 97.78. This value is within the healthy range. It has increased from 76.66 (Mar 23) to 97.78, marking an increase of 21.12.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 51.11. This value is within the healthy range. It has increased from 40.29 (Mar 23) to 51.11, marking an increase of 10.82.
For PBDIT Margin (%), as of Mar 24, the value is 36.84. This value is within the healthy range. It has increased from 36.17 (Mar 23) to 36.84, marking an increase of 0.67.
For PBIT Margin (%), as of Mar 24, the value is 36.02. This value exceeds the healthy maximum of 20. It has increased from 35.34 (Mar 23) to 36.02, marking an increase of 0.68.
For PBT Margin (%), as of Mar 24, the value is 19.35. This value is within the healthy range. It has decreased from 20.48 (Mar 23) to 19.35, marking a decrease of 1.13.
For Net Profit Margin (%), as of Mar 24, the value is 14.12. This value exceeds the healthy maximum of 10. It has decreased from 14.87 (Mar 23) to 14.12, marking a decrease of 0.75.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 7.38. This value is below the healthy minimum of 8. It has decreased from 7.81 (Mar 23) to 7.38, marking a decrease of 0.43.
For Return on Networth / Equity (%), as of Mar 24, the value is 13.50. This value is below the healthy minimum of 15. It has decreased from 13.82 (Mar 23) to 13.50, marking a decrease of 0.32.
For Return on Capital Employeed (%), as of Mar 24, the value is 13.93. This value is within the healthy range. It has increased from 13.70 (Mar 23) to 13.93, marking an increase of 0.23.
For Return On Assets (%), as of Mar 24, the value is 1.51. This value is below the healthy minimum of 5. It has decreased from 1.58 (Mar 23) to 1.51, marking a decrease of 0.07.
For Long Term Debt / Equity (X), as of Mar 24, the value is 2.92. This value exceeds the healthy maximum of 1. It has increased from 2.80 (Mar 23) to 2.92, marking an increase of 0.12.
For Total Debt / Equity (X), as of Mar 24, the value is 4.77. This value exceeds the healthy maximum of 1. It has increased from 4.56 (Mar 23) to 4.77, marking an increase of 0.21.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.23. It has increased from 0.01 (Mar 23) to 0.23, marking an increase of 0.22.
For Current Ratio (X), as of Mar 24, the value is 2.10. This value is within the healthy range. It has increased from 2.06 (Mar 23) to 2.10, marking an increase of 0.04.
For Quick Ratio (X), as of Mar 24, the value is 2.10. This value exceeds the healthy maximum of 2. It has increased from 2.06 (Mar 23) to 2.10, marking an increase of 0.04.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 1.56. This value is below the healthy minimum of 20. It has increased from 0.99 (Mar 23) to 1.56, marking an increase of 0.57.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 1.40. This value is below the healthy minimum of 20. It has increased from 0.89 (Mar 23) to 1.40, marking an increase of 0.51.
For Earning Retention Ratio (%), as of Mar 24, the value is 98.44. This value exceeds the healthy maximum of 70. It has decreased from 99.01 (Mar 23) to 98.44, marking a decrease of 0.57.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 98.60. This value exceeds the healthy maximum of 70. It has decreased from 99.11 (Mar 23) to 98.60, marking a decrease of 0.51.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.21. This value is below the healthy minimum of 3. It has decreased from 2.43 (Mar 23) to 2.21, marking a decrease of 0.22.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.85. This value is below the healthy minimum of 3. It has decreased from 2.00 (Mar 23) to 1.85, marking a decrease of 0.15.
For Enterprise Value (Cr.), as of Mar 24, the value is 580,673.63. It has increased from 438,933.70 (Mar 23) to 580,673.63, marking an increase of 141,739.93.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 5.26. This value exceeds the healthy maximum of 3. It has decreased from 5.35 (Mar 23) to 5.26, marking a decrease of 0.09.
For EV / EBITDA (X), as of Mar 24, the value is 14.28. This value is within the healthy range. It has decreased from 14.78 (Mar 23) to 14.28, marking a decrease of 0.50.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.37. This value is within the healthy range. It has decreased from 2.46 (Mar 23) to 2.37, marking a decrease of 0.09.
For Retention Ratios (%), as of Mar 24, the value is 98.43. This value exceeds the healthy maximum of 70. It has decreased from 99.00 (Mar 23) to 98.43, marking a decrease of 0.57.
For Price / BV (X), as of Mar 24, the value is 4.34. This value exceeds the healthy maximum of 3. It has decreased from 4.35 (Mar 23) to 4.34, marking a decrease of 0.01.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.37. This value is within the healthy range. It has decreased from 2.46 (Mar 23) to 2.37, marking a decrease of 0.09.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bajaj Finserv Ltd as of March 10, 2025 is: ₹1,803.02

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 10, 2025, Bajaj Finserv Ltd is Overvalued by 2.38% compared to the current share price 1,847.00

Intrinsic Value of Bajaj Finserv Ltd as of March 10, 2025 is: 2,052.59

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 10, 2025, Bajaj Finserv Ltd is Undervalued by 11.13% compared to the current share price 1,847.00

Last 5 Year EPS CAGR: 13.84%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -372.75, which is a positive sign. The company has shown consistent growth in sales (49.69 cr) and profit (8.92 cr) over the years.	The stock has a low average ROCE of 13.17%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 17.50, which may not be favorable. The company has higher borrowings (118,871.38) compared to reserves (29,487.46), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bajaj Finserv Ltd:
1. Net Profit Margin: 14.12%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 13.93% (Industry Average ROCE: 12.23%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 13.5% (Industry Average ROE: 12.86%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.85
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.1
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 34.4 (Industry average Stock P/E: 25.7)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 4.77
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 1699.29 Cr. and Equity Capital is Rs. 159.41 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Holding Company	Bajaj Auto Limited Complex, Pune Maharashtra 411035	investors@bajajfinserv.in https://www.aboutbajajfinserv.com/about-us

Management
Name	Position Held
Mr. Sanjiv Bajaj	Chairman & Managing Director
Mrs. Radhika Haribhakti	Director
Mr. Madhur Bajaj	Director
Mr. Rajiv Bajaj	Director
Mr. Pramit Jhaveri	Director
Dr. Naushad Forbes	Director
Mr. Anami N Roy	Director
Mr. Manish Kejriwal	Director

FAQ

What is the latest intrinsic value of Bajaj Finserv Ltd?

The latest intrinsic value of Bajaj Finserv Ltd as on 09 March 2025 is ₹1803.02, which is 2.38% lower than the current market price of 1,847.00, indicating the stock is overvalued by 2.38%. The intrinsic value of Bajaj Finserv Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹2,94,951 Cr. and recorded a high/low of ₹2,030/1,419 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹68,165 Cr and total liabilities of ₹601,195 Cr.

What is the Market Cap of Bajaj Finserv Ltd?

The Market Cap of Bajaj Finserv Ltd is 2,94,951 Cr..

What is the current Stock Price of Bajaj Finserv Ltd as on 09 March 2025?

The current stock price of Bajaj Finserv Ltd as on 09 March 2025 is ₹1,847.

What is the High / Low of Bajaj Finserv Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Bajaj Finserv Ltd stocks is ₹2,030/1,419.

What is the Stock P/E of Bajaj Finserv Ltd?

The Stock P/E of Bajaj Finserv Ltd is 34.4.

What is the Book Value of Bajaj Finserv Ltd?

The Book Value of Bajaj Finserv Ltd is 428.

What is the Dividend Yield of Bajaj Finserv Ltd?

The Dividend Yield of Bajaj Finserv Ltd is 0.05 %.

What is the ROCE of Bajaj Finserv Ltd?

The ROCE of Bajaj Finserv Ltd is 11.7 %.

What is the ROE of Bajaj Finserv Ltd?

The ROE of Bajaj Finserv Ltd is 15.3 %.

What is the Face Value of Bajaj Finserv Ltd?

The Face Value of Bajaj Finserv Ltd is 1.00.