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Bajaj Finance Limited
(BAJFINANCE)
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Rating:60Neutral
Price Target:
₹1,094.00
▲(20.39% 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
Consistent revenue and earnings growth
Sustained multi-year revenue and earnings expansion indicates durable demand for credit products and scalable origination capability. Steady top-line growth supports long-term profit reinvestment, branch/digital expansion and product development, underpinning franchise value over the next several quarters.
Negative Factors
High leverage
A capital structure with sustained high leverage leaves the business exposed to funding stress and refinancing risk, especially for an NBFC dependent on wholesale markets. This structurally limits financial flexibility, raises cost-of-funds sensitivity, and can amplify earnings shocks during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue and earnings growth
Sustained multi-year revenue and earnings expansion indicates durable demand for credit products and scalable origination capability. Steady top-line growth supports long-term profit reinvestment, branch/digital expansion and product development, underpinning franchise value over the next several quarters.
Read all positive factors
Bajaj Finance Limited (BAJFINANCE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.37T
Dividend Yield0.56%
Average Volume (3M)420.38K
Price to Earnings (P/E)32.9
Beta (1Y)1.24
Revenue Growth18.36%
EPS Growth13.78%
CountryIN
Employees43,147
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)30.60
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
₹1,156.67Price Target Upside27.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)40.44
Revenue Forecast (FY)₹644.21B
Bajaj Finance Limited Business Overview & Revenue Model
Company Description
Bajaj Finance Limited, an Indian non-banking financial institution based in Pune, was founded in 1987 and operates as a subsidiary of Bajaj Finserv Limited. The company provides a comprehensive suite of financial products and services. Its diverse...
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 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 819.89B | 671.27B | 530.51B | 395.27B | 298.86B |
| Gross Profit | 476.47B | 423.56B | 343.26B | 269.67B | 201.32B |
| EBITDA | 268.26B | 229.61B | 199.93B | 160.13B | 98.88B |
| Net Income | 190.17B | 166.38B | 144.51B | 115.08B | 70.28B |
Balance Sheet | |||||
| Total Assets | 5.60T | 4.66T | 3.76T | 2.75T | 2.13T |
| Cash, Cash Equivalents and Short-Term Investments | 157.55B | 135.44B | 106.24B | 43.05B | 33.81B |
| Total Debt | 3.67T | 2.90T | 2.34T | 1.73T | 1.33T |
| Total Liabilities | 4.43T | 3.67T | 2.99T | 2.21T | 1.69T |
| Stockholders Equity | 1.14T | 966.93B | 766.95B | 543.72B | 437.13B |
Cash Flow | |||||
| Free Cash Flow | 349.56B | -692.36B | 189.54B | -430.19B | -376.63B |
| Operating Cash Flow | 359.17B | -681.54B | 199.92B | -421.40B | -370.29B |
| Investing Cash Flow | -1.07T | -27.65B | -982.82B | -103.65B | 63.47B |
| Financing Cash Flow | 736.45B | 705.27B | 824.15B | 506.75B | 322.40B |
Bajaj Finance Limited Technical Analysis
Positive
908.70
Price Trends
943.30
Positive
929.55
Positive
964.19
Positive
Market Momentum
25.55
Positive
58.01
Neutral
42.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BAJFINANCE, the sentiment is Positive. The current price of 908.7 is below the 20-day moving average (MA) of 993.72, below the 50-day MA of 943.30, and below the 200-day MA of 964.19, indicating a bullish trend. The MACD of 25.55 indicates Positive momentum. The RSI at 58.01 is Neutral, neither overbought nor oversold. The STOCH value of 42.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BAJFINANCE.
Bajaj Finance Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹1.23T | 11.44 | ― | 0.68% | 54.24% | 99.72% | |
61 Neutral | ₹812.96B | 24.81 | ― | 0.91% | 12.56% | 19.25% | |
61 Neutral | ₹462.12B | 15.60 | ― | 2.83% | 13.79% | 16.72% | |
61 Neutral | ₹2.47T | 19.03 | ― | 1.08% | 11.01% | 4.86% | |
60 Neutral | ₹6.37T | 32.90 | ― | 0.56% | 18.36% | 13.78% | |
60 Neutral | ₹1.54T | 28.60 | ― | 0.12% | 20.59% | 22.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:BAJFINANCE
Bajaj Finance Limited
1,006.50
90.48
9.88%
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Bajaj Finance Limited Corporate Events
Bajaj Finance Calls 39th AGM, Details FY2026 Report and Board Changes
Jul 7, 2026
Bajaj Finance Limited has released its Annual Report for FY2026 and issued the notice convening its 39th Annual General Meeting, scheduled for 30 July 2026 via video conferencing and other audio-visual means. The company is circulating the AGM not...
Bajaj Finance publishes assured sustainability report for FY2026
Jul 7, 2026
Bajaj Finance Limited has released its Business Responsibility and Sustainability Report for the financial year 2025–2026, prepared on a consolidated basis for the BFL Group, which includes its housing and securities subsidiaries. The report...
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.