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    Financial Services

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    Financial - Credit Services
Bajaj Finance Limited

Bajaj Finance Limited

BAJFINANCE.NS
Bajaj Finance LimitedIN flagNational Stock Exchange of India
1,010.40
INR
-32.10
- -
6.28TMarket Cap
Bajaj Finance Limited
BAJFINANCE.NS
(National Stock Exchange of India)

Recent

price

1,010.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
2.79
4.06
4.87
5.6
7.11
8.89
12.16
13.53
19.37
27.04
26.67
33.41
44.65
56.27
67.04
- -
80.81
Revenue per Share
0.66
1.05
1.36
1.45
1.8
2.42
3.4
4.44
6.93
8.98
7.36
11.66
19.05
23.69
26.89
- -
30.61
Basic EPS, GAAP
-7.54
-11.76
-7.47
-12.26
-14.16
-18.7
-19.33
-36.93
-51.13
-42.5
-1.86
-62.6
-71.18
-116.19
-111.31
- -
- -
Free Cash Flow per Basic Share
0.06
0.09
0.11
0.15
0.16
0.36
0.07
0.35
0.4
1.61
- -
1
2
2.97
3.6
- -
- -
Dividend per Share
0.67
1.24
1.87
2.46
3.48
4.67
5.93
8.76
13.6
18.54
23.91
32.15
45.44
60.99
83.89
- -
1
Book Value per Share
3.59
5.21
7.68
7.99
9.55
13.99
16.62
27.95
33.89
54.75
60.93
71.79
88.87
124.23
158.11
- -
186.44
Tangible Book Value per Share
3,768
3,883
4,352
4,966
4,990
5,277
5,400
5,626
5,762
5,863
6,007
6,026
6,040
6,100
6,187
- -
6,213
Basic Weighted Avg Shares
10,531
15,785
21,172
27,794
35,456
46,930
65,639
76,095
111,600
158,561
160,226
201,322
269,669
343,263
414,796
496,654
502,055
Sales/Revenue/Turnover
71.02
85.42
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
127
150
197
293
357
563
712
1,021
1,442
2,946
3,253
3,846
4,854
6,833
8,810
10,090
10,090
Depreciation Expense
2,470
4,064
5,913
7,190
8,979
12,786
18,364
24,964
39,950
52,638
44,198
70,282
115,077
144,512
166,378
190,174
190,174
Net Income, GAAP
33.32
32.51
32.16
34.11
33.83
34.92
34.82
35.05
35.35
28.11
26.24
26.05
25.89
25.16
24
25.12
25.12
Effective Tax Rate (%)
23.45
25.75
27.93
25.87
25.32
27.25
27.98
32.81
35.8
33.2
27.58
34.91
42.67
42.1
40.11
38.29
37.88
Profit Margin (%)
873
16,471
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
67,534
103,901
136,969
195,405
256,712
347,814
466,210
587,644
883,948
1,087,303
1,058,740
1,328,883
1,644,669
2,184,371
2,753,602
3,665,797
3,665,797
LT Debt
13,581
20,336
33,525
39,916
48,000
74,268
90,528
158,478
196,975
323,276
369,184
437,127
543,720
766,954
989,369
1,169,855
1,169,855
Total Equity
6.66
7.05
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
7.82
3.51
4.2
4.08
3.73
3.96
4.22
4.4
5
4.88
3.69
5.16
6.69
6.46
5.64
5.35
5.35
Return on Capital (%)
171.28
110.69
91.2
70.62
60.74
60.9
64.78
61.38
62.6
56.27
35.03
41.67
49.16
44.71
37.34
72.41
72.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,215
- -
6,218
Market Capitalization
6,192,280
6,123,463
4,979,839

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
120,007
- -
157,553
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.06%
26.22%
18.24%
Free Cash Flow
338.66%
670.18%
-3.08%
Net Income, GAAP
33.31%
35.55%
14.3%
Sales/Revenue/Turnover
27.3%
25.49%
19.73%
Total Cash Common Dividend
2,268.59%
4,424.66%
56.24%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
79,288
83,740
88,284
91,975
343,263
2025
98,642
103,168
109,874
110,266
414,796
2026
118,426
123,338
128,665
131,627
496,654

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.68
5.87
5.94
- -
23.69
2025
6.33
6.47
6.86
7.24
26.89
2026
7.57
7.85
6.4
8.79
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.97
2025
- -
- -
- -
- -
3.6
2026
- -
- -
- -
- -
- -
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Business
Bajaj Finance Limited operates as a leading non-banking financial company (NBFC) in India, offering a diversified portfolio of financial products and services. Its core offerings encompass a wide range of consumer finance products including personal loans, consumer durable loans for electronics and appliances, two-wheeler loans, used car loans, home loans, and loan against property. The company also provides business finance such as small and medium enterprise (SME) loans, working capital loans, and equipment financing. Additional services include loans against securities (mutual funds, insurance policies, shares), developer finance, lease rental discounting, commercial and rural lending, micro-finance, auto financing, broking, and margin trade financing. Bajaj Finance also offers fixed deposits and digital financial products via its Bajaj Finserv app for loan and investment management. Founded in 1987 and headquartered in Pune, India, Bajaj Finance has expanded its operations across various regions in India, serving a broad customer base including retail consumers, small businesses, and corporates. The company forms a part of the Bajaj Finserv financial services group. Major recent developments include the strategic acquisition in March 2025 by Bajaj Finserv of Allianz SE’s 26% stake in Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance for ₹24,180 crore, ending a 24-year partnership and making these ventures wholly owned subsidiaries. In 2025, Bajaj Finance implemented shareholder-friendly initiatives such as a 4:1 stock split, a bonus issue, and a substantial dividend payout to enhance stock liquidity and affordability. Additionally, the company entered a significant partnership with Bharti Airtel in 2025 to distribute its financial products through Airtel’s extensive digital and retail networks, aiming to boost digital inclusion and customer reach. Bajaj Finance has also announced plans to reduce its promoter holding in Bajaj Housing Finance by up to 2% via public share sales to comply with regulatory requirements, reflecting strategic portfolio adjustments. These strategic alliances, acquisitions, and operational expansions reinforce Bajaj Finance Limited’s position as a diversified and integrated financial services provider in India, focusing on digital innovation, consumer finance, and comprehensive lending solutions across multiple sectors.