Bajaj Finance Limited (IN:BAJFINANCE)
:BAJFINANCE
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Bajaj Finance Limited
(BAJFINANCE)
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Rating:60Neutral
Price Target:
₹983.00
▲(8.18% Upside)
Action:Reiterated
Date:05/01/26
The score is primarily supported by strong multi-year earnings and revenue growth, but is held back by cash-flow volatility and consistently high leverage. Technicals are mixed but mildly constructive, while valuation (high P/E with low yield) further limits the overall score.
Positive Factors
Sustained Revenue & Earnings Growth
Consistent multi-year revenue and net income expansion (revenue rose 2021–2026 with 11.98% in 2026) and a high income-statement score reflect a scalable lending and fee franchise. This supports durable earnings power and reinvestment capacity across cycles, enabling long-term growth assuming credit trends remain manageable.
Negative Factors
High Leverage
A structurally high debt-to-equity ratio (~2.9–3.2x) makes the business more sensitive to funding conditions and interest-rate moves. High leverage reduces strategic flexibility, increases refinancing risk during market stress, and amplifies earnings volatility in adverse credit or liquidity cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue & Earnings Growth
Consistent multi-year revenue and net income expansion (revenue rose 2021–2026 with 11.98% in 2026) and a high income-statement score reflect a scalable lending and fee franchise. This supports durable earnings power and reinvestment capacity across cycles, enabling long-term growth assuming credit trends remain manageable.
Read all positive factors
Bajaj Finance Limited (BAJFINANCE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.75T
Dividend Yield0.56%
Average Volume (3M)420.38K
Price to Earnings (P/E)22.8
Beta (1Y)1.20
Revenue Growth18.36%
EPS Growth13.78%
CountryIN
Employees43,147
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)29.51
Shares Outstanding6,225,957,000
10 Day Avg. Volume511,445
30 Day Avg. Volume420,375
Financial Highlights & Ratios
PEG Ratio1.90
Price to Book (P/B)4.37
Price to Sales (P/S)6.08
P/FCF Ratio14.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,111.79Price Target Upside22.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)40.29
Revenue Forecast (FY)₹644.39B
Bajaj Finance Limited Business Overview & Revenue Model
Company Description
Bajaj Finance Limited operates as a non-banking financial company in India. The company offers consumer durable, lifestyle, lifecare, digital product, two and three wheeler, developer, used car, medical equipment, vendor, light engineering, specia...
How the Company Makes Money
Bajaj Finance primarily makes money through lending and financial-services distribution. Its core revenue comes from interest income earned on a diversified loan book (for example, consumer durable financing/POS loans, personal loans, business and...
Bajaj Finance Limited Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
62
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 732.18B | 819.89B | 671.27B | 530.51B | 395.27B | 298.86B |
| Gross Profit | 463.52B | 476.47B | 423.56B | 343.26B | 269.67B | 201.32B |
| EBITDA | 253.69B | 268.26B | 229.61B | 199.93B | 160.13B | 98.88B |
| Net Income | 183.01B | 190.17B | 166.38B | 144.51B | 115.08B | 70.28B |
Balance Sheet | ||||||
| Total Assets | 5.10T | 5.60T | 4.66T | 3.76T | 2.75T | 2.13T |
| Cash, Cash Equivalents and Short-Term Investments | 120.01B | 157.55B | 135.44B | 106.24B | 43.05B | 33.81B |
| Total Debt | 3.28T | 3.67T | 2.90T | 2.34T | 1.73T | 1.33T |
| Total Liabilities | 4.04T | 4.43T | 3.67T | 2.99T | 2.21T | 1.69T |
| Stockholders Equity | 1.03T | 1.14T | 966.93B | 766.95B | 543.72B | 437.13B |
Cash Flow | ||||||
| Free Cash Flow | -298.11B | 349.56B | -692.36B | 189.54B | -430.19B | -376.63B |
| Operating Cash Flow | -295.85B | 359.17B | -681.54B | 199.92B | -421.40B | -370.29B |
| Investing Cash Flow | -25.30B | -1.07T | -27.65B | -982.82B | -103.65B | 63.47B |
| Financing Cash Flow | 301.54B | 736.45B | 705.27B | 824.15B | 506.75B | 322.40B |
Bajaj Finance Limited Technical Analysis
Neutral
908.70
Price Trends
902.20
Positive
940.47
Negative
961.76
Negative
Market Momentum
2.31
Positive
50.47
Neutral
27.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BAJFINANCE, the sentiment is Neutral. The current price of 908.7 is below the 20-day moving average (MA) of 932.22, above the 50-day MA of 902.20, and below the 200-day MA of 961.76, indicating a neutral trend. The MACD of 2.31 indicates Positive momentum. The RSI at 50.47 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:BAJFINANCE.
Bajaj Finance 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% | |
65 Neutral | ₹1.33T | 11.98 | ― | 0.68% | 54.24% | 99.72% | |
61 Neutral | ₹690.50B | 18.65 | ― | 0.91% | 10.78% | 12.42% | |
61 Neutral | ₹429.06B | 2.68 | ― | 2.83% | 13.79% | 16.72% | |
61 Neutral | ₹2.17T | 13.58 | ― | 1.08% | 11.01% | 4.86% | |
60 Neutral | ₹5.75T | 22.80 | ― | 0.56% | 18.36% | 13.78% | |
60 Neutral | ₹1.29T | 17.52 | ― | 0.12% | 20.59% | 22.13% |
* Financial Sector Average
IN:BAJFINANCE
Bajaj Finance Limited
923.85
8.30
0.91%
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Bajaj Finance Limited Corporate Events
Bajaj Finance Crosses ₹5 Lakh Crore AUM as Customer Base Surges in Q4 FY26
Apr 3, 2026
Bajaj Finance reported that its customer franchise expanded to 119.33 million as of 31 March 2026, up from 101.82 million a year earlier, with 3.93 million customers added in the fourth quarter. New loans booked in Q4 FY26 rose 20.5% year-on-year ...
Bajaj Finance Clears New Share Issue for Employee Welfare Trust
Mar 23, 2026
Bajaj Finance Limited has approved the issuance of 3,472,439 equity shares of face value Re. 1 each to the Trustees of the BFL Employee Welfare Trust under the company’s Employee Stock Option Scheme, 2009. The move reinforces the firm’...
Bajaj Finance Elevates EVP Tushar Deb to Senior Management, Heads Debt Management
Mar 17, 2026
Bajaj Finance has elevated Executive Vice President Tushar Deb to the status of Senior Management Personnel, effective 1 April 2026, as he assumes leadership of the company’s Debt Management Services function. With more than 25 years of expe...
Bajaj Finance Schedules Virtual Group Meetings With Institutional Investors on 19 March 2026
Mar 16, 2026
Bajaj Finance Limited has notified the stock exchanges that it will hold group meetings with institutional investors and funds on Thursday, 19 March 2026. The interactions will be held virtually, with Pune, Maharashtra indicated as the venue, and ...
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.