Bajaj Finserv Limited (BAJAJFINSV) AI Stock Analysis

• Market Cap: ₹3.20T
• Dividend Yield: 0.05%
• Average Volume (3M): 50.84K
• Price to Earnings (P/E): 33.0
• Beta (1Y): 0.95
• Revenue Growth: 16.27%
• EPS Growth: 13.70%
• Country: IN
• Employees: 92,079
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Conglomerates
• EPS (TTM): 14.10
• Shares Outstanding: 1,597,813,200
• 10 Day Avg. Volume: 55,500
• 30 Day Avg. Volume: 50,845
• PEG Ratio: 4.00
• Price to Book (P/B): 4.26
• Price to Sales (P/S): 2.46
• P/FCF Ratio: -4.82
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹2,333.00 ▲(14.46% Upside)

Bajaj Finserv Limited's overall stock score is driven by solid financial performance and strong technical indicators, despite cash flow challenges and a high valuation. The stock's bullish momentum is a significant positive, but potential overvaluation and cash management issues warrant caution.

Positive Factors

Revenue Growth

The company demonstrates strong revenue growth, indicating successful market expansion and product adoption, which supports long-term business sustainability.

Business Model Diversification

Diversified business model across lending, insurance, and wealth management provides multiple revenue streams, reducing risk and enhancing resilience against sector-specific downturns.

Strong Balance Sheet

A robust balance sheet with controlled leverage and positive return on equity indicates financial stability, supporting future growth and investment opportunities.

Negative Factors

Cash Flow Challenges

Persistent negative cash flows highlight operational inefficiencies and reliance on external funding, which could hinder long-term financial health and flexibility.

Inconsistent Revenue Growth

Fluctuating revenue growth patterns suggest potential volatility in market demand or operational execution, posing a risk to sustained business performance.

Low Net Profit Margin

A low net profit margin indicates high expenses relative to revenue, which could limit profitability and reduce the ability to reinvest in business growth initiatives.

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, commercial, and gold loans; two and three wheeler loans; mortgages; unsecured and secured loans; loans against securities and properties; financing for products, such as consumer durable, digital, lifecare, furniture, etc.; and lease rental discounting products. The company also provides investment products, including fixed and term deposits, demat accounts, systematic deposit plans, and mutual funds; life, health, motor, car, two-wheeler, marine, home, crop, pocket, and travel insurance products; finance for professionals; savings products, wealth management and retirement planning services, and annuities; healthcare needs for the family; extended warranty, asset care, and financial fitness report services; and wallets and credit cards. In addition, it offers payments; SME finance products; and trading account, depository, margin trading, and HNI and retail broking services. Further, the company owns and operates 138 windmills with total installed capacity of 65.2 megawatts. Bajaj Finserv Ltd. was incorporated in 2007 and is based in Pune, India.

How the Company Makes Money

Bajaj Finserv generates revenue through multiple key streams, predominantly from its lending operations, which include personal loans, home loans, and other types of credit products. The company earns interest income from these loans, which constitutes a significant portion of its revenue. In addition to lending, Bajaj Finserv earns premiums from its insurance offerings, including life, health, and general insurance products. The company also benefits from fees and commissions related to its wealth management services. Significant partnerships with various banks and financial institutions enhance its distribution capabilities, while its digital platforms drive customer engagement and streamline operations, contributing to overall profitability.

Bajaj Finserv Limited Financial Statement Overview

Summary

Bajaj Finserv Limited exhibits solid profitability metrics and a robust balance sheet, with a reasonable debt-to-equity ratio and positive return on equity. However, the company faces challenges with negative operating and free cash flows, indicating cash management difficulties and sustainability concerns.

Income Statement

Bajaj Finserv Limited has shown a mixed performance in its income statement. The gross profit margin is reasonably strong, suggesting effective cost management. However, the net profit margin is relatively low due to substantial expenses. Revenue growth has been inconsistent, with notable fluctuations over the years. The EBIT and EBITDA margins are positive, indicating operational efficiency improvements. Overall, while there is some profitability and efficiency, the inconsistent revenue growth presents a challenge.

Balance Sheet

The balance sheet displays a solid equity position with a reasonable debt-to-equity ratio, indicative of controlled leverage. The return on equity is fairly positive, showcasing effective use of equity capital. The equity ratio is stable, reflecting a balanced capital structure. The financial health is stable, with manageable debt levels, although there are potential risks if debt levels rise without corresponding asset growth.

Cash Flow

The cash flow statement highlights challenges, with negative operating and free cash flows over several years, raising concerns about long-term sustainability. The operating cash flow to net income ratio indicates operational struggles in converting income into cash. The free cash flow to net income ratio further emphasizes cash generation issues. Despite strong financing cash flows, the reliance on external funding poses risks.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	709.71B	676.24B	539.51B	402.87B	314.27B	270.21B
Gross Profit	454.46B	433.14B	355.52B	280.85B	219.29B	178.79B
EBITDA	517.28B	492.28B	406.75B	296.90B	213.32B	195.02B
Net Income	95.24B	88.72B	81.48B	64.17B	45.57B	44.70B
Balance Sheet
Total Assets	0.00	6.52T	5.38T	4.06T	3.34T	2.80T
Cash, Cash Equivalents and Short-Term Investments	0.00	58.17B	819.51B	25.94B	449.10B	442.77B
Total Debt	0.00	2.84T	2.29T	1.68T	1.30T	1.03T
Total Liabilities	-1.28T	5.24T	4.34T	3.28T	2.67T	2.22T
Stockholders Equity	1.28T	723.95B	603.29B	464.07B	402.46B	358.30B
Cash Flow
Free Cash Flow	0.00	-639.77B	-684.77B	-407.00B	-345.80B	40.77B
Operating Cash Flow	0.00	-621.13B	-675.16B	-394.80B	-336.70B	45.47B
Investing Cash Flow	0.00	-79.87B	-121.18B	-139.45B	14.45B	-36.84B
Financing Cash Flow	0.00	701.91B	827.09B	510.16B	323.26B	16.87B

Bajaj Finserv Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2038.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 2026.76, below the 50-day MA of 2050.02, and above the 200-day MA of 2021.39, indicating a bearish trend. The MACD of -13.63 indicates Positive momentum. The RSI at 40.54 is Neutral, neither overbought nor oversold. The STOCH value of 28.94 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HDFCLIFE	68 Neutral	₹1.60T	84.69	―	0.28%	-17.31%	11.68%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SBILIFE	66 Neutral	₹2.07T	84.49	―	0.13%	―	―
BAJAJFINSV	65 Neutral	₹3.20T	32.99	―	0.05%	16.27%	13.70%
BAJFINANCE	64 Neutral	₹5.89T	32.07	―	0.56%	22.38%	18.37%
ABCAPITAL	63 Neutral	₹938.86B	28.68	―	―	7.07%	-13.03%
ICICIPRULI	55 Neutral	₹968.93B	70.70	―	0.13%	-42.13%	48.75%

Bajaj Finserv Limited Corporate Events

Bajaj Finserv Hosts Investor/Analyst Group Meeting, Shares Insights

Bajaj Finserv Limited announced the completion of an Investor/Analyst Group meeting held on December 5, 2025, in Mumbai, Maharashtra. The presentation from the meeting was shared with exchanges, and an audio recording is available on the company’s website. This initiative reflects Bajaj Finserv’s commitment to transparency and engagement with stakeholders, potentially enhancing investor confidence and market positioning.