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BAJAJFINSV · NSE · Holding Company

Bajaj Finserv Ltd

What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
dear low confidence No valuation within 120 days; P/E 27.3 vs peers 16.6 (10th of 12); P/B 25.6 vs peers 3.4 (12th of 12).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Bajaj Finserv's share price today?

Bajaj Finserv last traded at ₹1,719.90 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.8% on the day, down 14.1% over a year. Its 52-week range is ₹1,597 to ₹2,195. The live price is in the app.

₹1,719.90 −0.8% today
−14.1% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range21% of the way up
Low ₹1,597High ₹2,195

What is Bajaj Finserv's market cap?

Bajaj Finserv's market capitalisation is about ₹2.78 lakh crore: what it would cost to buy every share at today's price. That makes it the 30th largest large cap company we cover.

₹2.8 L Cr Large Cap30th largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: BAJAJFINSV
ISIN
INE918I01026
Cap bucket
Large Cap, 30th largest by market cap
Industry (NSE)
Financial Services › Finance › Holding Company
Listed since
2008
Futures and options
Traded

Is Bajaj Finserv overvalued?

Dear, with low confidence: no valuation within 120 days; P/E 27.3 vs peers 16.6 (10th of 12); P/B 25.6 vs peers 3.4 (12th of 12).

Valuation

Latest price and trailing 12 months
P/E 27.28
vs peers 16.6 · 10th of 12
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 25.62
vs peers 3.4 · 12th of 12
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹2.78 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 0.1%
vs peers 0.9% · 10th of 10
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 6.96
vs peers 3.2 · 7th of 10
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 1.82
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Bajaj Finserv a quality business?

Quality score 39.7, 10th of 12 in its peer set; WATCH on 15 of 22 lender flags judged.

Quality and risk

Data as of 12 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 39.7
vs peers 56.1 · 10th of 12
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
15 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Lender scorecard

Statements through FY2026 (Mar-26)
Basis: consolidated accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances (the loan book from the Q4 filing); ROA over average total assets; ROE over average equity
Net interest margin 8.0%
vs peers 4.6% · 5th of 12
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost 2.1%
vs peers 1.0% · 9th of 10
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income 165.3%
vs peers 31.9% · 12th of 12
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets 2.8%
vs peers 2.6% · 5th of 12
Profit as a share of average total assets. Learn more →
CET1 ratio Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY 22.4%
vs peers 19.6% · 3rd of 8
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY -4.0%
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio Not available
Current and savings account balances as a share of all deposits. Learn more →
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Has Bajaj Finserv made money for shareholders?

Not over these periods: −14.1% over one year and −0.5% a year over five years.

Shareholder returns

1-year return −14.1%
Price only
What the share price did over the last 12 months. Learn more →
5-year return −0.5% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer Yes
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−0.9%
1M
−6.5%
3M
−9.1%
6M
−3.0%
1Y
−14.1%
3Y
+3.3%
5Y
−0.5%

Does Bajaj Finserv pay a dividend?

Yes. Bajaj Finserv's dividend yield is 0.09% at the latest price; the last payout was ₹1.50 a share, ex-dividend 30 Jun 2026.

Dividends

Per share, by ex-dividend date
Dividend yield0.09%
The past 12 months' dividends as a share of today's price.
30 Jun 2026 · Final₹1.50
27 Jun 2025 · Final₹1.00
21 Jun 2024 · Final₹1.00
30 Jun 2023 · Final₹0.80
30 Jun 2022 · Final₹0.40
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Bajaj Finserv growing?

Loan growth 22.4%; deposit growth -4.0%; revenue 3 years 22.4% a year.

Growth

Statements through FY2026 (Mar-26)
Loan growth 22.4%
vs peers 19.6% · 3rd of 8
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth -4.0%
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years 22.4% a year
vs peers 25.4% · 7th of 12
Compound annual growth of revenue over three years. Learn more →
EPS 3 years 15.0% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years 18.2% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years 16.9% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →

How did Bajaj Finserv do last quarter?

Bajaj Finserv reported income of ₹42,042 Cr, up 13.2% on a year earlier and a net profit of ₹6,297 Cr, up 12.0% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Income, latest quarter₹42,042 Cr
+13.2% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹6,297 Cr
+12.0% on a year earlier
What was left for shareholders after every cost and tax.

How does Bajaj Finserv compare with its peers?

Compared with 11 Finance (the industry, as the basic industry was too small); 10th of 12 on P/E; 10th of 12 on quality score.

Compared with 11 Finance (the industry, as the basic industry was too small)

11 companies

Bajaj Finserv against its peers

Largest 10 of 11 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Bajaj Finserv Ltd₹2.8 L Cr27.325.615.4%−14.1%
Bajaj Finance Ltd₹6.0 L Cr29.44.818.6%−7.4%
Shriram Finance Ltd₹2.2 L Cr16.62.516.4%+39.9%
Jio Financial Services Ltd₹1.4 L Cr66.75.62.5%−30.4%
Cholamandalam Investment & Finance Company Ltd₹1.4 L Cr23.43.819.3%−3.6%
Tata Capital Ltd₹1.4 L Cr24.73.49.6%−3.6%
Bajaj Holdings & Investment Ltd₹1.2 L Cr13.63.611.1%−12.4%
Power Finance Corporation Ltd₹1.1 L Cr4.21.220.7%−18.7%
Muthoot Finance Ltd₹1.1 L Cr9.33.430.6%−18.3%
Aditya Birla Capital Ltd₹1.0 L Cr25.02.711.5%+27.3%
Indian Railway Finance Corporation Ltd₹97,622 Cr13.62.012.8%−40.5%
Peer median—16.63.416.4%−12.4%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Bajaj Finserv?

Bajaj Finserv is held by promoters 58.7%, foreign institutions 6.9%, domestic institutions 12.1%.

Shareholding pattern

Latest filing, percent of shares
Promoters58.7%
The founders and controlling group.
Foreign institutions6.9%
Overseas funds investing through the FPI route.
Domestic institutions12.1%
Indian insurers, banks, pension and mutual funds together.
Mutual funds8.5%
Indian mutual fund schemes; part of domestic institutions.
Retail and others6.5%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Bajaj Finserv?

14 analysts cover Bajaj Finserv, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

14 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Bajaj Finserv do and what is it sensitive to?

Bajaj Finserv Limited is a holding company providing financial services through subsidiaries in consumer lending (Bajaj Finance Ltd.), housing finance (Bajaj Housing Finance Ltd.), life insurance (Bajaj Allianz Life Insurance), general insurance (Bajaj Allianz General Insurance), asset management, and digital platforms. Sensitive to: interest rate movements.

Business-model card

FY2025 · 54 verified
6Revenue
4Channels
4Regulators
4Reg. dependencies
7Sensitivities
6Costs
2Geographies

Bajaj Finserv Limited is a holding company providing financial services through subsidiaries in consumer lending (Bajaj Finance Ltd.), housing finance (Bajaj Housing Finance Ltd.), life insurance (Bajaj Allianz Life Insurance), general insurance (Bajaj Allianz General Insurance), asset management, and digital platforms. It earns revenue from interest on loans, insurance premiums, commissions, and investment management fees across 308+ million customers in India.

Revenue by segment

year ended 31 March 2025
Life insurance23.6%
General insurance23.8%
Windmill0.0%
Retail financing51.6%
Investments and others1.0%

Revenue engine

6 verified
Retail financing (consumer and housing loans) (52.0%)
Non-Banking Finance Company engaged in lending and allied activities; earns interest income on loans disbursed to individuals, SMEs and corporates; subsidiary BFL disburses over 140,000 loans daily
Non-life (general) insurance (24.0%)
Subsidiary BAGIC underwrites and collects premiums on general insurance policies; issues over 130,000 policies daily across retail health, fire, motor and other lines
Asset management and mutual funds
Wholly-owned subsidiary BFS AMC offers mutual fund and investment products; generates revenue from asset management fees
3 more statements
Digital platform and marketplace services
Subsidiary BFSD operates financial products marketplace with 96 partners offering 37 products in lending, insurance and investments; acts as corporate agent for insurance distribution with 19 partnerships
Stock-broking and demat services
Wholly-owned subsidiary BFSL provides digital stock-broking and demat services
Health-tech services
Wholly-owned subsidiary Bajaj Finserv Health Ltd. provides health-tech venture services; less than 1% of total revenue from overseas services

Customers & channels

4 verified
Salaried and self-employed individuals
Core customer segment for consumer lending, life insurance and investments across financial lifecycle
SMEs and Corporates
Served through business/professional loans and lending products
Distribution through 5,381 locations (national) and 2 international offices
Operating across 28 States and 8 Union Territories in India; 750+ products available; 225,000+ insurance agents and 340,000 active points of sale for insurance
1 more statement
Digital-first marketplace and open architecture
Subsidiary BFSD onboarded 96 partners with 37 products; 55 lending partners including BFL; 19 insurance partnerships including BAGIC and BALIC

Regulators

4 verified
Reserve Bank of India (RBI)
Governs NBFC lending operations, risk weights for loans, funding rules; effective 1 April 2025 rolled back higher risk weights for NBFC borrowings from banks
Insurance Regulatory and Development Authority of India (IRDAI)
Regulates life and non-life insurance subsidiaries; governs premium rates, underwriting, claims, commissions, and capital requirements; 60 insurers registered with IRDAI
National Housing Bank
Governs housing finance subsidiary Bajaj Housing Finance Ltd.
1 more statement
Securities and Exchange Board of India (SEBI)
Governs listing obligations, disclosure, insider trading, related party transactions and corporate governance for the listed parent company

Regulatory dependencies

4 verified
Risk weights on NBFC borrowings from banks
Higher risk weights increase cost of bank funding for NBFCs; RBI rollback on 1 April 2025 to pre-November 2023 levels reduces borrowing costs for retail financing segment
Insurance penetration and regulatory environment
Lower insurance penetration (less than 4% of GDP) and favourable regulatory environment drive growth in life and general insurance segments
IRDAI oversight of underwriting and claims
IRDAI regulations govern adequacy of premiums, reserve requirements for unexpired risks (minimum 100% in marine hull, 1/365th method for other lines) and claims management
1 more statement
Corporate agent regulations for insurance distribution
BFSD operates as corporate agent for distribution of insurance products under IRDAI (Registration of Corporate Agents) Regulations, 2015

Sensitivities

7 verified
Interest rate movements
Retail financing segment exposed to interest rate risk on floating rate assets and liabilities; changes in RBI repo rates affect lending rates and borrowing costs
Credit cycle and loan defaults
Retail financing earnings sensitive to credit quality; credit costs and claim liabilities rise with economic deterioration and higher default rates
Equity market valuations
Life insurance investment portfolios sensitive to equity price movements; H2 FY2025 saw heavy foreign capital outflow and sell-off due to stretched valuations
4 more statements
Natural catastrophes and weather events
General insurance claims and profitability heavily impacted by incidence of natural catastrophes; elevated claims reduce profits
Vehicle sales and retail health insurance volumes
General insurance segment sensitive to lower new vehicle sales (impacts motor insurance) and limited volume growth in retail health policies
Foreign exchange and global tariffs
Overseas funding and global economic activity sensitive to USD movements, dollar strength and US tariff escalation creating uncertainty
Indian GDP growth and income levels
Demand for consumer lending, insurance and investment products driven by economic growth and rising incomes; FY2025 real GDP growth at 6.5%

Cost inputs

6 verified
Borrowing costs and funding rates
NBFC funding sourced from banks and money markets; cost sensitive to RBI repo rates, risk weights and market liquidity; overseas borrowing at nascent stage
Insurance acquisition and commission costs
Life insurance acquisition costs (commissions, medical costs, stamp duty) expensed in year incurred; 225,000+ insurance agents compensated for policy sales
Claim settlements and reserves
General insurance claim costs sensitive to number and severity of claims; reserves maintained at 100% minimum for marine hull and 1/365th method for other policies
3 more statements
Technology and infrastructure investment
Significant investment in AI, digital transformation, cloud, cybersecurity and system upgradation to support 140,000+ daily loan disbursements and 130,000+ daily policy issuances
Employee wages and benefits (80.07% in metropolitan areas)
Wage cost concentrated in metropolitan areas (80.07%) with smaller allocation to semi-urban (1.18%) and rural (0.22%) locations
Material sourcing and procurement
6% of purchases from MSMEs/small producers; 96% of input material sourced within India; accounts payable at 35 days

Geographies

2 verified
India (domestic market)
Primary operating market with 5,381 offices across 28 States and 8 Union Territories; serves 308+ million customers; 96% of input material sourced within India
International operations
2 international offices; less than 1% of total revenue from overseas health-tech services via Bajaj Finserv Health Ltd.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q4 FY2026 results filed (28 Sep 2026).

Change log

6 entries · newest first
  1. Results filedQ4 FY2026 results filed.
  2. Results filedQ1 FY2027 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsWATCH on 15 of 22 lender flags judged; 2 red; 7 could not be judged.
  • Data gapsBusiness quality, Gross NPA, Net NPA, Provision coverage, CET1 ratio, CASA ratio: not available yet.
Not applicable to a bank, lender or insurer · 12
  • Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
  • Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
  • Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
  • Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
  • Interest coverageInterest is a lender's main cost, not a charge on operating profit.
  • Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
  • EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
  • FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
  • Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
  • Asset turnoverA lender earns a spread on its assets, not a turnover of them.
  • ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
  • ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓221 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 54 verified

Questions people ask

What is Bajaj Finserv's share price today?

Bajaj Finserv last traded at ₹1,719.90 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.8% on the day, down 14.1% over a year. Its 52-week range is ₹1,597 to ₹2,195. The live price is in the app.

What is Bajaj Finserv's market cap?

Bajaj Finserv's market capitalisation is about ₹2.78 lakh crore: what it would cost to buy every share at today's price. That makes it the 30th largest large cap company we cover.

Is Bajaj Finserv Ltd a large cap, mid cap or small cap?

Bajaj Finserv Ltd (BAJAJFINSV) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Bajaj Finserv Ltd's P/E ratio?

27.28, vs peers 16.6 · 10th of 12. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Bajaj Finserv Ltd overvalued?

Dear, with low confidence: no valuation within 120 days; P/E 27.3 vs peers 16.6 (10th of 12); P/B 25.6 vs peers 3.4 (12th of 12).

How does Bajaj Finserv Ltd make money?

Bajaj Finserv Limited is a holding company providing financial services through subsidiaries in consumer lending (Bajaj Finance Ltd.), housing finance (Bajaj Housing Finance Ltd.), life insurance (Bajaj Allianz Life Insurance), general insurance (Bajaj Allianz General Insurance), asset management, and digital platforms. It earns revenue from interest on loans, insurance premiums, commissions, and investment management fees across 308+ million customers in India.

Why is there no Altman Z or debt to equity for Bajaj Finserv?

Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.

Who are Bajaj Finserv Ltd's peers?

Compared with 11 Finance (the industry, as the basic industry was too small): Bajaj Finance Ltd, Shriram Finance Ltd, Jio Financial Services Ltd, Cholamandalam Investment & Finance Company Ltd, Tata Capital Ltd and 6 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Bajaj Finserv do last quarter?

Bajaj Finserv reported income of ₹42,042 Cr, up 13.2% on a year earlier and a net profit of ₹6,297 Cr, up 12.0% in the Jun 2026 quarter.

Who owns Bajaj Finserv?

Bajaj Finserv is held by promoters 58.7%, foreign institutions 6.9%, domestic institutions 12.1%.

Does Bajaj Finserv pay a dividend?

Yes. Bajaj Finserv's dividend yield is 0.09% at the latest price; the last payout was ₹1.50 a share, ex-dividend 30 Jun 2026.

What do analysts say about Bajaj Finserv?

14 analysts cover Bajaj Finserv, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Everything on Bajaj Finserv, and 6,621 other companies, with 212 filters and the full peer tables

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