Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:40 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500034 | NSE: BAJFINANCE

Bajaj Finance Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹715.22Overvalued by 12.46%vs CMP ₹817.00

P/E (27.9) × ROE (19.2%) × BV (₹166.00) × DY (0.54%)

₹464.32Overvalued by 43.17%vs CMP ₹817.00
MoS: -76% (Negative)Confidence: 59/100 (Moderate)Models: 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹858.9324%Fair (+5.1%)
Graham NumberEarnings₹329.1117%Over (-59.7%)
Earnings PowerEarnings₹192.0912%Over (-76.5%)
DCFCash Flow₹722.2612%Over (-11.6%)
Net Asset ValueAssets₹165.818%Over (-79.7%)
EV/EBITDAEnterprise₹16.9810%Over (-97.9%)
Earnings YieldEarnings₹290.008%Over (-64.5%)
ROCE CapitalReturns₹563.9010%Over (-31%)
Consensus (8 models)₹464.32100%Overvalued
Key Drivers: Wide model spread (₹17–₹859) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 20.1%

*Investments are subject to market risks

Investment Snapshot

61
Bajaj Finance Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health64/100 · Moderate
ROCE 11.4% AverageROE 19.2% ExcellentD/E 3.57 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.04% (6mo) Slight increasePromoter holding at 54.7% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum58/100 · Moderate
Profit (4Q): +14% YoY Positive
Industry Rank75/100 · Strong
P/E 27.9 vs industry 101.6 Cheaper than peersROCE 11.4% vs industry 15.8% AverageROE 19.2% vs industry 8.8% Above peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:40 am

Market Cap 5,08,563 Cr.
Current Price 817
Intrinsic Value₹464.32
High / Low 1,102/788
Stock P/E27.9
Book Value 166
Dividend Yield0.54 %
ROCE11.4 %
ROE19.2 %
Face Value 1.00
PEG Ratio1.39

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

View Share Price Target for Bajaj Finance Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Bajaj Finance Ltd 5,08,563 Cr. 817 1,102/78827.9 1660.54 %11.4 %19.2 % 1.00
Cholamandalam Investment & Finance Company Ltd 1,17,036 Cr. 1,374 1,832/1,33524.2 3070.15 %10.3 %19.7 % 2.00
Authum Investment & Infrastructure Ltd 36,729 Cr. 432 684/27110.1 1920.05 %30.3 %33.9 % 1.00
Global Health Ltd 26,589 Cr. 989 1,456/95547.0 1380.05 %19.7 %16.5 % 2.00
Capri Global Capital Ltd 16,932 Cr. 176 214/15120.1 69.40.11 %11.2 %11.8 % 1.00
Industry Average22,241.21 Cr369.74101.56513.160.26%15.81%8.84%8.50

All Competitor Stocks of Bajaj Finance Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue10,78711,36412,49813,38214,16414,92616,10017,09118,03518,45719,52420,17921,214
Interest 3,3513,5924,1034,5374,8685,2175,6846,1496,3866,5526,9187,0117,339
Expenses 3,3083,3823,6933,9314,2294,4204,9565,3385,6916,0265,9926,3077,938
Financing Profit4,1294,3904,7034,9145,0665,2895,4605,6045,9585,8796,6146,8615,937
Financing Margin %38%39%38%37%36%35%34%33%33%32%34%34%28%
Other Income 25525957262155-262
Depreciation 119134156159176193200210219252251258244
Profit before tax 4,0124,2614,5514,7584,8965,1055,2655,4015,7655,6476,3686,6085,431
Tax % 26%26%24%25%26%25%26%26%25%20%25%25%25%
Net Profit 2,9733,1583,4373,5513,6393,8253,9124,0144,3084,5464,7654,9484,066
EPS in Rs 4.915.225.675.865.896.186.326.466.867.217.567.846.39
Gross NPA %1.14%0.94%0.87%0.91%0.95%0.85%0.86%1.06%1.12%0.96%1.03%1.24%
Net NPA %0.41%0.34%0.31%0.31%0.37%0.37%0.38%0.46%0.48%0.44%0.50%0.60%

Last Updated: February 6, 2026, 2:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 23, 2026, 1:30 am

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue5,3927,2999,97012,74618,48726,37526,67331,63341,41154,97469,70979,374
Interest 2,2742,9593,8534,6966,7239,6089,5199,84812,70118,88624,99227,820
Expenses 1,7522,3543,2504,1155,4549,15910,83911,88012,69316,09921,75426,262
Financing Profit1,3671,9862,8673,9356,3107,6096,3149,90516,01819,98922,96325,292
Financing Margin %25%27%29%31%34%29%24%31%39%36%33%32%
Other Income 263522101383-17-54-2-232
Depreciation 3656711021442953253854856838811,005
Profit before tax 1,3571,9652,8173,8436,1797,3225,9929,50415,52819,31022,08024,054
Tax % 34%35%35%35%35%28%26%26%26%25%24%
Net Profit 8981,2791,8362,4963,9955,2644,4207,02811,50814,45116,77918,325
EPS in Rs 1.792.373.344.326.918.757.3311.6119.0123.3526.7729.00
Dividend Payout % 10%10%11%9%9%11%14%17%16%15%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)42.43%43.55%35.95%60.06%31.76%-16.03%59.00%63.75%25.57%16.11%
Change in YoY Net Profit Growth (%)0.00%1.12%-7.60%24.11%-28.29%-47.80%75.04%4.74%-38.17%-9.46%

Bajaj Finance Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:29%
5 Years:21%
3 Years:30%
TTM:25%
Compounded Profit Growth
10 Years:34%
5 Years:26%
3 Years:33%
TTM:17%
Stock Price CAGR
10 Years:34%
5 Years:21%
3 Years:9%
1 Year:28%
Return on Equity
10 Years:20%
5 Years:20%
3 Years:21%
Last Year:19%

Last Updated: September 5, 2025, 12:20 am

Balance Sheet

Last Updated: April 9, 2026, 4:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5054109115115120120121121124124622
Reserves 4,7507,3739,49115,73319,58232,20836,79843,59254,25176,57296,569102,592
Borrowing26,65537,02549,25066,557101,588129,806131,634165,232216,690293,346361,249397,401
Other Liabilities 1,3252,5224,8812,3932,9482,2572,9183,5614,1645,7008,1859,346
Total Liabilities 32,78046,97363,73184,798124,233164,391171,470212,505275,226375,742466,127509,961
Fixed Assets 2522903664706951,3211,3161,7162,3083,2503,7803,752
CWIP 000000513480434133
Investments 3261,0294,0703,1398,59917,54418,39712,24622,75230,88134,44133,751
Other Assets 32,20145,65459,29581,189114,939145,526151,707198,509250,087341,568427,865472,425
Total Assets 32,78046,97363,73184,798124,233164,391171,470212,505275,226375,742466,127509,961

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -7,064-9,870-10,439-20,566-29,062-24,412-807-37,090-42,112-69,843-68,154
Cash from Investing Activity + -360-687-3,0471,075-5,379-8,758-4296,347-10,394-10,088-2,765
Cash from Financing Activity + 6,86711,65612,51319,50334,44934,1671,74132,27550,67582,41570,527
Net Cash Flow -5571,100-9721399985051,532-1,8312,484-392
Free Cash Flow -7,129-9,964-10,587-20,700-29,428-24,912-1,105-37,705-42,970-70,842-69,200
CFO/OP -181%-185%-140%-221%-206%-129%4%-175%-133%-167%-130%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-25.00-35.00-46.00-62.00-96.00-120.00-121.00-154.00-204.00-277.00-340.00

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

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 21%22%20%22%20%13%17%23%22%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 55.91%55.87%55.87%54.78%54.69%54.70%54.70%54.70%54.73%54.73%54.67%54.70%
FIIs 19.16%20.09%20.41%20.92%20.55%21.08%20.81%20.79%21.45%21.71%21.97%21.49%
DIIs 12.92%12.83%13.05%14.01%14.33%14.23%15.01%15.08%14.78%14.52%14.39%14.86%
Government 0.07%0.07%0.07%0.07%0.07%0.09%0.09%0.08%0.08%0.08%0.08%0.08%
Public 11.75%10.99%10.50%10.17%10.19%9.83%9.36%9.32%8.84%8.92%8.78%8.77%
Others 0.17%0.13%0.10%0.05%0.16%0.08%0.05%0.04%0.10%0.03%0.12%0.10%
No. of Shareholders 8,90,7067,84,8837,26,5837,45,0407,99,1998,05,2417,81,9137,91,3927,05,6108,99,7779,41,9999,61,994

Shareholding Pattern Chart

No. of Shareholders

Bajaj Finance 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 Equity Hybrid Fund 21,000,000 2.4 1952.693,515,8332025-12-08 00:46:22497.3%
SBI Focused Fund 17,900,000 3.87 1664.43N/AN/AN/A
UTI Flexi Cap Fund 15,764,000 6.23 1465.8215,505,0002026-02-23 01:18:411.67%
Nippon India Large Cap Fund 14,648,655 2.72 1362.11N/AN/AN/A
Axis Large Cap Fund 13,060,685 3.75 1214.4515,838,0802026-01-26 08:22:18-17.54%
Axis ELSS Tax Saver Fund 11,616,669 3.28 1080.1811,942,2372026-02-23 01:18:41-2.73%
Kotak Flexicap Fund 10,400,000 1.71 967.049,000,0002025-12-15 01:04:5415.56%
Nippon India Multi Cap Fund 8,381,970 1.6 779.4N/AN/AN/A
Kotak Large & Midcap Fund 6,750,000 2.09 627.65N/AN/AN/A
DSP Flexi Cap Fund 6,068,720 4.71 564.36,836,8162026-02-23 01:18:41-11.23%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 268.94236.89190.53116.6473.58
Diluted EPS (Rs.) 268.94235.98189.57115.7973.00
Cash EPS (Rs.) 284.17244.77198.39122.8778.87
Book Value[Excl.RevalReserv]/Share (Rs.) 1557.431241.03899.53724.56613.67
Book Value[Incl.RevalReserv]/Share (Rs.) 1557.431241.03899.53724.56613.67
Revenue From Operations / Share (Rs.) 1122.39889.47684.88524.32443.29
PBDIT / Share (Rs.) 768.52626.37472.69325.49261.49
PBIT / Share (Rs.) 754.33615.32464.65319.11256.09
PBT / Share (Rs.) 355.35312.33256.86157.5399.61
Net Profit / Share (Rs.) 269.98233.71190.35116.5073.47
NP After MI And SOA / Share (Rs.) 267.98233.84190.38116.5073.47
PBDIT Margin (%) 68.4770.4269.0162.0758.99
PBIT Margin (%) 67.2069.1767.8460.8657.77
PBT Margin (%) 31.6635.1137.5030.0422.46
Net Profit Margin (%) 24.0526.2727.7922.2116.57
NP After MI And SOA Margin (%) 23.8726.2827.7922.2116.57
Return on Networth / Equity (%) 17.2018.8421.1616.0711.97
Return on Capital Employeed (%) 46.7948.9250.9443.2540.81
Return On Assets (%) 3.563.844.183.302.57
Total Debt / Equity (X) 3.743.823.993.783.57
Asset Turnover Ratio (%) 0.160.160.160.160.15
Current Ratio (X) 1.261.241.231.251.26
Quick Ratio (X) 1.261.241.231.251.26
Dividend Payout Ratio (NP) (%) 13.3812.5610.498.570.00
Dividend Payout Ratio (CP) (%) 12.7011.9910.068.120.00
Earning Retention Ratio (%) 86.6287.4489.5191.430.00
Cash Earning Retention Ratio (%) 87.3088.0189.9491.880.00
Interest Coverage Ratio (X) 1.932.072.272.011.67
Interest Coverage Ratio (Post Tax) (X) 1.681.771.921.721.47
Enterprise Value (Cr.) 905532.27730175.45551808.82599493.12439227.02
EV / Net Operating Revenue (X) 12.9913.2813.3318.9516.47
EV / EBITDA (X) 18.9818.8619.3130.5327.92
MarketCap / Net Operating Revenue (X) 7.978.148.2013.8411.62
Retention Ratios (%) 86.6187.4389.5091.420.00
Price / BV (X) 5.755.836.2410.028.39
Price / Net Operating Revenue (X) 7.978.148.2013.8411.62
EarningsYield 0.020.030.030.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Bajaj Finance Ltd. is a Public Limited Listed company incorporated on 25/03/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65910MH1987PLC042961 and registration number is 042961. Currently Company is involved in the business activities of Financial service activities, except insurance and pension funding. Company's Total Operating Revenue is Rs. 59379.74 Cr. and Equity Capital is Rs. 124.17 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)C/o Bajaj Auto Ltd., Akurdi, Pune Maharashtra 411035Contact not found
Management
NamePosition Held
Mr. Sanjiv BajajChairman
Mr. Rajeev JainVice Chairman
Mr. Anup SahaManaging Director
Dr. Naushad ForbesIndependent Director
Mr. Anami RoyIndependent Director
Mr. Pramit JhaveriIndependent Director
Dr. Arindam BhattacharyaIndependent Director
Ms. Radhika HaribhaktiIndependent Director
Mr. Rajiv BajajNon Exe.Non Ind.Director
Mr. Tarun BajajIndependent Director
Mr. Ajay Kumar ChoudharyIndependent Director

FAQ

What is the intrinsic value of Bajaj Finance Ltd and is it undervalued?

As of 10 April 2026, Bajaj Finance Ltd's intrinsic value is ₹464.32, which is 43.17% lower than the current market price of ₹817.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.2 %), book value (₹166), dividend yield (0.54 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Bajaj Finance Ltd?

Bajaj Finance Ltd is trading at ₹817.00 as of 10 April 2026, with a FY2026-2027 high of ₹1,102 and low of ₹788. The stock is currently near its 52-week low. Market cap stands at ₹5,08,563 Cr..

How does Bajaj Finance Ltd's P/E ratio compare to its industry?

Bajaj Finance Ltd has a P/E ratio of 27.9, which is below the industry average of 101.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Bajaj Finance Ltd financially healthy?

Key indicators for Bajaj Finance Ltd: ROCE of 11.4 % is moderate; ROE of 19.2 % shows strong shareholder returns. Dividend yield is 0.54 %.

Is Bajaj Finance Ltd profitable and how is the profit trend?

Bajaj Finance Ltd reported a net profit of ₹16,779 Cr in Mar 2025 on revenue of ₹69,709 Cr. Compared to ₹7,028 Cr in Mar 2022, the net profit shows an improving trend.

Does Bajaj Finance Ltd pay dividends?

Bajaj Finance Ltd has a dividend yield of 0.54 % at the current price of ₹817.00. The company pays dividends, though the yield is modest.

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 Finance 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
Explore Industry-wise Stock Analysis Reports