Bajaj Finance

BAJFINANCE · NSE

Financial Services · Non-banking financial company

₹1,141.2

Closing price — 31 Jul 2026

Market cap ₹7,05,811 Cr · EPS ₹31.10

Valuation

Blended fair value using DCF and peer comparison methods.

Intrinsic Value

₹598

-47.6% vs ₹1,141

Overvalued

UndervaluedFair valueOvervalued

DCF

—

Peer methods

₹598

Intrinsic value

₹598

DCF discounts future cash flows to present value. Peer methods compare against sector multiples. Averaging both reduces the limitations of each method alone.

DCF not applicable for financial companies. Intrinsic value based on peer P/B comparison.

The intrinsic value shown is an algorithmic estimate based on publicly available financial data — including DCF analysis, peer comparison, and historical financials. It is not a research report, investment advice, or a recommendation to buy, sell, or hold any security. Stock valuations involve uncertainty and may differ significantly from market prices. Please consult a SEBI-registered investment adviser before making any investment decision.

Peer comparison

How this company stacks up against sector peers on valuation and quality metrics.

Non-banking financial company · 8 peers · sector medians shown

Better than medianWorse than median

Company	Mkt Cap	P/E	P/B	EV/EBITDA	ROE	Net Margin	Rev CAGR 3y
Bajaj Finance BAJFINANCE · you	₹7.1 L Cr	36.7×	6.1×	—	16.7%	23.3%	25.3%
Sector median	—	26.1×	2.8×	16.7×	11.8%	16.5%	32.0%
Bajaj Finserv BAJAJFINSV	₹2.8 L Cr	28.0×	3.5×	—	12.6%	6.5%	21.6%
Shriram Finance SHRIRAMFIN	₹2.2 L Cr	17.2×	2.6×	—	15.2%	21.0%	16.5%
Jio Financial Services JIOFIN	₹1.5 L Cr	95.2×	1.1×	109.3×	1.2%	56.4%	305.1%
Tata Capital TATACAP	₹1.4 L Cr	27.4×	3.0×	16.5×	10.6%	15.8%	32.0%
Cholamandalam Finance CHOLAFIN	₹1.3 L Cr	24.6×	4.2×	54.4×	17.2%	17.1%	33.3%
Bajaj Holdings & Investment BAJAJHLDNG	₹1.1 L Cr	11.7×	1.6×	11.3×	13.2%	901.0%	32.1%
Aditya Birla Capital ABCAPITAL	₹92,182 Cr	24.7×	2.7×	16.8×	10.9%	8.4%	17.9%
PB Fintech POLICYBZR	₹69,251 Cr	102.7×	9.5×	136.0×	9.2%	9.9%	38.5%

Peer comparison verdict

Bajaj trades at a premium to peers (P/E 36.7× vs median 26.1×), but its higher ROE of 16.7% (sector 11.8%) justifies much of that premium — quality rarely comes cheap.

Business quality

Valuation

P/E ratio

36.7×

P/B ratio

—

EV/EBITDA

—

Price/Sales

—

Returns

ROE

16.7%

ROCE

10.8%

ROA

—

Growth

Revenue CAGR (3yr)

29.7%

EPS CAGR (3yr)

48.4%

Efficiency

Asset turnover

0.14×

FCF yield

—

Dividend yield

0.5%

Liquidity & Solvency

Current ratio

—

Quick ratio

—

Financial health

Piotroski F-Score, Altman Z-Score, and key solvency ratios.

Is the business financially healthy?

Two structured frameworks that go beyond a single number to assess financial strength.

Altman Z-Score

Predicts likelihood of financial distress. Note: Z-Score is less reliable for banks and NBFCs — use with caution.

1.04

Distress zone

0 (distress)2.99 (safe)5+

Piotroski F-Score

2 / 9 — Weak

Nine binary checks across profitability, leverage/liquidity, and operating efficiency. 7+ = financially strong; 4–6 = average; 0–3 = weak signals.

Profitability (1–4)

Leverage (5–7)

Efficiency (8–9)

Positive net income

Positive operating cash flow

Improving return on assets

Cash flow exceeds net income

Debt ratio reduced

Improving current ratio

No equity dilution

Improving gross margin

Improving asset turnover

Calculated from annual report data sourced via BSE/NSE filings. For banks, Altman Z is structurally different — interpret with caution. For precise figures refer to BSE/NSE filings.

Full financial data

Charts and annual statements for income, balance sheet and cash flow.

Income trend

Revenue, profit and margin trends over time.

Revenue

Net profit

Operating margin

Net margin

Revenue

₹57,468 Cr

Net profit

₹14,451 Cr

Operating margin

—

Net margin

25.1%

Revenue and net profit in ₹ Crores (left axis). Margins % on right axis.

Cash flow

Where cash comes from and where it goes.

Operating CFInvesting CFFinancing CFFree cash flow

Operating CF — Cash earned from running the business. The core engine of financial health.

Investing CF — Cash spent on assets and equipment. Negative is normal — it means the company is investing in growth.

Financing CF — Cash from borrowing or repaying loans and dividends. Negative means debt is being repaid.

Free cash flow — Operating CF minus capex. Cash left after keeping the business running. Positive and growing is ideal.

Operating CF

-₹20,000 Cr

Investing CF

₹0 Cr

Financing CF

₹0 Cr

Free cash flow

-₹24,000 Cr

Balance sheet

For banks: deposits are the primary liability, advances (loan book) are the primary asset. Debt/Equity ratios are structurally high for banks.

How the company is funded — equity is owners' money, debt is long-term borrowing, current liabilities are short-term obligations.

Equity

Debt

Current liabilities

Total assets

—

Total debt

₹3.8 L Cr

Equity

₹78,000 Cr

Debt / Equity

4.87×

Numbers are illustrative — order-of-magnitude correct. For precise figures, refer to the company's annual report on BSE/NSE. For banks, Debt/Equity is not shown as it is structurally high (deposits are liabilities).

Shareholding pattern

Who owns this company and how that has changed.

What shareholding tells you: When promoters (founders/controlling shareholders) increase their stake, it usually signals confidence in the business. Rising FII (foreign funds) interest means international money is moving in. High promoter pledge is a risk — pledged shares can be force-sold if the stock price falls sharply.

Latest quarter

Promoter

54.7%

+0.0 pp QoQ

FII

21.3%

-0.2 pp QoQ

DII

15.2%

+0.2 pp QoQ

Retail

8.7%

Trend over time (%)

Quarterly data

Category	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Change (YoY)
Promoter	55.9%	55.9%	54.8%	54.7%	54.7%	54.7%	54.7%	54.7%	54.7%	54.7%	54.7%	54.7%	-0.0 ppYoY
FII (Foreign)	20.1%	20.4%	20.9%	20.6%	21.1%	20.8%	20.8%	21.4%	21.7%	22.0%	21.5%	21.3%	-0.1 ppYoY
DII (Domestic)	12.9%	13.1%	14.1%	14.4%	14.3%	15.1%	15.2%	14.9%	14.6%	14.5%	14.9%	15.2%	+0.3 ppYoY
Retail	11.0%	10.5%	10.2%	10.2%	9.8%	9.4%	9.3%	8.8%	8.9%	8.8%	8.8%	8.7%	-0.1 ppYoY

Signals from the trend

📉

PromoterDown 1.2pp — worth monitoring for further declines

📈

FIINet buyers (+1.2pp) — foreign institutional interest is growing

📈

DIINet buyers (+2.3pp) — domestic funds are accumulating

Mixed signals — FII buying and DII buying on the positive side, but promoter selling adds uncertainty.

pp = percentage points. FII = Foreign Institutional Investors. DII = Domestic Institutional Investors (MFs, insurance). Data sourced from NSE/BSE filings. Verify on BSE/NSE before any investment decision.