Bajaj Finserv Limited (IN:BAJAJFINSV)
:BAJAJFINSV
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Bajaj Finserv Limited
(BAJAJFINSV)
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Rating:54Neutral
Price Target:
₹1,782.00
▼(-12.57% Downside)
Action:ReiteratedDate:05/02/26
The score is held back primarily by weak cash-flow quality and rising leverage despite strong revenue growth. Technical indicators add near-term pressure (below key moving averages and negative MACD), while valuation is only moderate with a low dividend yield.
Positive Factors
Diversified business mix
Bajaj Finserv’s multi-vertical model (consumer lending, general and life insurance) creates durable revenue diversification and cross-sell opportunities across retail, SME and commercial segments. This reduces dependence on any single cycle and supports stable fee, interest, and investment income over the medium term.
Negative Factors
Negative operating and free cash flow
Multi‑year negative operating and free cash flow despite reported profitability signals earnings that are not fully cash‑realized; this increases reliance on external funding to support portfolio growth and working capital, raising sustainability concerns for dividends and capital deployment over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business mix
Bajaj Finserv’s multi-vertical model (consumer lending, general and life insurance) creates durable revenue diversification and cross-sell opportunities across retail, SME and commercial segments. This reduces dependence on any single cycle and supports stable fee, interest, and investment income over the medium term.
Read all positive factors
Bajaj Finserv Limited (BAJAJFINSV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.84T
Dividend Yield0.05%
Average Volume (3M)50.84K
Price to Earnings (P/E)25.7
Beta (1Y)1.10
Revenue Growth16.13%
EPS Growth10.33%
CountryIN
Employees92,079
SectorFinancial
Sector Strength70
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)60.70
Shares Outstanding1,600,550,000
10 Day Avg. Volume55,500
30 Day Avg. Volume50,845
Financial Highlights & Ratios
PEG Ratio2.60
Price to Book (P/B)3.35
Price to Sales (P/S)1.71
P/FCF Ratio-5.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹2,150.00Price Target Upside5.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)80.4
Revenue Forecast (FY)₹1.47T
Bajaj Finserv Limited Business Overview & Revenue Model
Company Description
Bajaj Finserv Ltd., through its subsidiaries, provides financial services in India. The company operates through Life Insurance, General Insurance, Windmill, Retail Financing, and Investments and Others segments. It offers personal, business, home...
How the Company Makes Money
Bajaj Finserv makes money mainly through the operating income generated by its financial services subsidiaries and the value of its investments in those entities. Its largest earnings driver is lending/consumer finance, where revenue is primarily ...
Bajaj Finserv Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
56
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 740.01B | 1.52T | 676.24B | 539.51B | 402.87B | 314.27B |
| Gross Profit | 476.20B | 1.12T | 433.14B | 355.52B | 280.85B | 219.29B |
| EBITDA | 534.95B | 564.06B | 492.28B | 406.75B | 296.90B | 213.32B |
| Net Income | 96.81B | 98.01B | 88.72B | 81.48B | 64.17B | 45.57B |
Balance Sheet | ||||||
| Total Assets | 7.08T | 7.58T | 6.52T | 5.38T | 4.06T | 3.34T |
| Cash, Cash Equivalents and Short-Term Investments | 23.23B | 176.18B | 58.17B | 819.51B | 25.94B | 449.10B |
| Total Debt | 3.22T | 3.61T | 2.84T | 2.29T | 1.68T | 1.30T |
| Total Liabilities | 5.72T | 6.15T | 5.24T | 4.34T | 3.28T | 2.67T |
| Stockholders Equity | 764.90B | 779.15B | 723.95B | 603.29B | 464.07B | 402.46B |
Cash Flow | ||||||
| Free Cash Flow | -261.67B | -521.91B | -639.77B | -684.77B | -407.00B | -345.80B |
| Operating Cash Flow | -257.46B | -511.77B | -621.13B | -675.16B | -394.80B | -336.70B |
| Investing Cash Flow | -98.47B | -126.35B | -79.87B | -121.18B | -139.45B | 14.45B |
| Financing Cash Flow | 317.84B | 666.10B | 701.91B | 827.09B | 510.16B | 323.26B |
Bajaj Finserv Limited Technical Analysis
Negative
2038.25
Price Trends
1873.69
Negative
1951.88
Negative
1987.85
Negative
Market Momentum
-10.18
Negative
56.29
Neutral
92.49
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BAJAJFINSV, the sentiment is Negative. The current price of 2038.25 is above the 20-day moving average (MA) of 1736.52, above the 50-day MA of 1873.69, and above the 200-day MA of 1987.85, indicating a neutral trend. The MACD of -10.18 indicates Negative momentum. The RSI at 56.29 is Neutral, neither overbought nor oversold. The STOCH value of 92.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BAJAJFINSV.
Bajaj Finserv Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹1.82T | 55.40 | ― | 0.13% | -3.31% | 2.28% | |
63 Neutral | ₹912.20B | 24.77 | ― | ― | 11.57% | 12.53% | |
61 Neutral | ₹1.27T | 63.92 | ― | 0.28% | 3.27% | 5.50% | |
60 Neutral | ₹5.92T | 22.80 | ― | 0.56% | 18.36% | 13.78% | |
54 Neutral | ₹2.84T | 25.66 | ― | 0.05% | 16.13% | 10.33% | |
53 Neutral | ₹775.62B | 29.58 | ― | 0.13% | -8.37% | 35.33% |
* Financial Sector Average
IN:BAJAJFINSV
Bajaj Finserv Limited
1,771.55
-252.86
-12.49%
IN:ABCAPITAL
Aditya Birla Capital Ltd.
348.10
148.65
74.53%
IN:BAJFINANCE
Bajaj Finance Limited
950.20
62.43
7.03%
IN:HDFCLIFE
HDFC Life Insurance Co. Ltd.
588.30
-148.66
-20.17%
IN:ICICIPRULI
ICICI Prudential Life Insurance Co. Ltd.
534.95
-77.39
-12.64%
IN:SBILIFE
SBI Life Insurance Co. Ltd.
1,818.75
51.15
2.89%
Bajaj Finserv Limited Corporate Events
Bajaj Finserv Takes Full Control of Insurance Arms as Allianz Exits
Mar 12, 2026
Bajaj Finserv Limited has completed the acquisition of the entire 26% equity stake previously held by Allianz SE in its insurance subsidiaries, Bajaj General Insurance Limited and Bajaj Life Insurance Limited, via a buyback of the remaining 3% sta...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.