Bajaj Finance vs Shriram Finance
Shriram Finance trades below its peers' median P/E (24% below), Bajaj Finance above it (56% above).
Bajaj Finance earns the higher return on assets: 3.8% against 3.3%.
Bajaj Finance fires fewer of our forensic red flags: 1 of 15 judged against 3 of 15 judged.
The latest change on file is Shriram Finance's, on 23 Oct 2026: Q2 FY2027 results filed.
Bajaj Finance trades at a P/E of 31.01: 13th of 14 among its peers (peer median 19.9).
Bajaj Finance: the full company page →Shriram Finance trades at a P/E of 15.99: 5th of 15 among its peers (peer median 21.0).
Shriram Finance: the full company page →Bajaj Finance and Shriram Finance, figure by figure
| Figure | Bajaj Finance | Shriram Finance | Leads |
|---|---|---|---|
| Market cap | ₹6,73,493 Cr | ₹2,25,908 Cr | Bajaj Finance, larger |
| P/E | 31.01 | 15.99 | Shriram Finance, cheaper |
| P/B | 4.83 | 2.50 | Shriram Finance, cheaper |
| Dividend yield | 0.6% | 1.2% | Shriram Finance, higher |
| Return on assets | 3.8% | 3.3% | Bajaj Finance, higher |
| Net interest margin | 9.1% | 9.0% | Bajaj Finance, higher |
| Cost to income | 40.3% | 31.9% | Shriram Finance, leaner |
| Loan growth | 22.3% | 15.1% | Bajaj Finance, faster |
| Revenue growth, 3 years | 25.6% a year | 16.5% a year | Bajaj Finance, faster |
| EPS growth, 3 years | 17.1% a year | 12.7% a year | Bajaj Finance, faster |
| 1-year return | −0.3% | +16.9% | Shriram Finance, higher |
| 5-year return | +4.9% a year | Not available | — |
| Our valuation view | Dear, low confidence (held for review) | Cheap, low confidence (held for review) | Shriram Finance, cheaper view |
| Risk level | WATCH | CAUTION | Bajaj Finance, lower |
| Forensic red flags | 1 red of 15 judged | 3 red of 15 judged | Bajaj Finance, fewer |
The leading figure is in green: the lower for P/E, P/B, cost to income, NPAs, risk and red flags, the higher for the rest. P/E and P/B on the latest price; growth rates are yearly averages; returns are price only. Our valuation view and the red flags are explained on each company's page.
Which is bigger, Bajaj Finance or Shriram Finance?
Bajaj Finance is the bigger company by market value: ₹6,73,493 Cr against ₹2,25,908 Cr for Shriram Finance, about 3.0 times as large.
Bajaj Finance market cap is ₹6,73,493 crore (large cap), making it the 8th largest listed company on the NSE.
Shriram Finance market cap is ₹2,25,908 crore (large cap), making it the 41st largest listed company on the NSE.
Which is cheaper on valuation, Bajaj Finance or Shriram Finance?
Shriram Finance is the cheaper of the two on P/E: 15.99 against 31.01 for Bajaj Finance.
On price to book, Shriram Finance is also the cheaper: 2.50 against 4.83.
Against their own peers' median P/E, Bajaj Finance trades 56% above its own (19.9) and Shriram Finance trades 24% below its own (21.0).
Our valuation view: dear on Bajaj Finance (low confidence) and cheap on Shriram Finance (low confidence). The view weighs the multiples against each company's peers and its own history.
Which is more profitable, Bajaj Finance or Shriram Finance?
Bajaj Finance is the more profitable on return on assets: 3.8% against 3.3% for Shriram Finance.
Net interest margin: Bajaj Finance 9.1%, Shriram Finance 9.0%.
Cost to income: Shriram Finance 31.9%, Bajaj Finance 40.3%.
Which grew faster, Bajaj Finance or Shriram Finance?
Bajaj Finance grew faster over the last three years: revenue up 25.6% a year against 16.5% a year for Shriram Finance.
EPS growth, 3 years: Bajaj Finance 17.1% a year, Shriram Finance 12.7% a year.
Loan growth: Bajaj Finance 22.3%, Shriram Finance 15.1%.
History break at Shriram Finance: FY2023 step year (revenue +58%, shares +38%) in the 5-year growth figures.
Which has cleaner accounts, Bajaj Finance or Shriram Finance?
Bajaj Finance has the cleaner accounts on our forensic checks: 1 red flag of 15 judged against 3 of 15 judged for Shriram Finance.
Bajaj Finance: risk level WATCH, 15 of 22 lender flags judged.
Shriram Finance: risk level CAUTION, 15 of 22 lender flags judged.
A red flag is a figure out of line with what clean accounts show, not a finding of wrongdoing.
What these figures tell you
More comparisons
What this page rests on
Every figure is the one Bajaj Finance's and Shriram Finance's own pages print, from their filings with the exchanges and our arithmetic on them; each company is set against its own peer set. A side-by-side reading of the figures on both company pages, not a recommendation to buy, sell or hold either share. Which figure matters more depends on what you are looking for.