BAJAJFINSV

Bajaj Finserv Limited

Holding company for the Bajaj group's lending, life and general insurance businesses

Financial Services›Financial Services›Finance›Holding Company

bajajfinserv.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1729.00
Market cap
2,76,415 Cr
Stock P/E
27.2
P/B
3.54
Dividend yield
0.7%
ROE (FY26)
7.0%
ROCE (FY26)
9.7%
Operating margin (FY26)
36.8%
Debt / equity (FY26)
5.50

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Bajaj Finserv is the holding company for the Bajaj Group's financial-services businesses, owning consumer and business lending through subsidiary Bajaj Finance, life and general insurance, and smaller businesses in mutual funds, health, direct distribution and alternative investments.

Company snapshot

1stBy market cap

Ranked among 13 companies in Holding Company.

Segment mix

Reportable segments as of 2024-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 50.9% of revenue

SegmentRevenue shareRevenuePBTAssets
Insurance
48.8%
31,779 Cr1,419 Cr—
Investments and others
4.7%
3,079 Cr-298 Cr—
Retail financing
50.9%
33,198 Cr10,799 Cr—
Windmill
0.0%
16 Cr14 Cr—

Shares add up to 104% because segment revenues are before inter-segment eliminations.

What we see

Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income8,642 Cr9,146 Cr9,496 Cr9,930 Cr10,526 Cr11,132 Cr11,551 Cr12,083 Cr12,697 Cr13,216 Cr13,728 Cr14,528 Cr
Other income0 Cr0 Cr1 Cr0.21 Cr0 Cr0 Cr1 Cr12 Cr0 Cr0 Cr14 Cr0 Cr
Net operating income8,642 Cr9,146 Cr9,497 Cr9,930 Cr10,526 Cr11,132 Cr11,552 Cr12,095 Cr12,697 Cr13,216 Cr13,742 Cr14,528 Cr
Employee cost2,446 Cr2,663 Cr2,811 Cr2,894 Cr3,009 Cr3,020 Cr3,147 Cr3,194 Cr3,386 Cr3,564 Cr3,979 Cr3,845 Cr
Other expenses10,893 Cr12,916 Cr14,897 Cr13,242 Cr14,391 Cr12,473 Cr15,773 Cr13,433 Cr15,080 Cr15,860 Cr15,054 Cr16,133 Cr
Provisions & contingencies————————————
Depreciation209 Cr232 Cr257 Cr267 Cr275 Cr289 Cr339 Cr317 Cr327 Cr330 Cr317 Cr380 Cr
Profit before tax5,292 Cr5,431 Cr5,527 Cr5,968 Cr5,966 Cr5,812 Cr6,002 Cr7,204 Cr6,825 Cr5,926 Cr6,928 Cr8,932 Cr
Tax %29.0%25.5%26.1%29.5%29.9%24.1%20.8%26.0%30.5%26.3%24.6%29.5%
Net profit3,756 Cr4,045 Cr4,085 Cr4,209 Cr4,180 Cr4,412 Cr4,756 Cr5,329 Cr4,746 Cr4,368 Cr5,226 Cr6,297 Cr
EPS (₹)₹12.10₹13.56₹13.31₹13.40₹13.10₹14.00₹15.10₹17.50₹14.10₹14.00₹15.90₹19.60

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income———17,166 Cr17,792 Cr21,821 Cr27,954 Cr35,394 Cr43,139 Cr51,724 CrSign in free for the trailing twelve months
Other income0.55 Cr0.54 Cr2 Cr5 Cr0.37 Cr33 Cr0.77 Cr1 Cr1 Cr27 CrSign in free for the trailing twelve months
Net operating income0.55 Cr0.54 Cr2 Cr17,171 Cr17,792 Cr21,854 Cr27,955 Cr35,395 Cr43,140 Cr51,751 CrSign in free for the trailing twelve months
Employee cost1,001 Cr1,492 Cr3,802 Cr4,755 Cr4,698 Cr6,560 Cr8,767 Cr10,361 Cr12,070 Cr14,122 CrSign in free for the trailing twelve months
Other expenses1,593 Cr18,142 Cr23,884 Cr25,174 Cr27,798 Cr32,216 Cr36,147 Cr47,751 Cr55,879 Cr59,427 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation73 Cr103 Cr226 Cr457 Cr498 Cr563 Cr678 Cr900 Cr1,170 Cr1,291 CrSign in free for the trailing twelve months
Profit before tax4,925 Cr6,310 Cr8,155 Cr8,302 Cr9,862 Cr11,271 Cr16,811 Cr21,375 Cr23,748 Cr26,883 CrSign in free for the trailing twelve months
Tax %29.9%31.2%34.1%27.8%25.3%26.2%27.4%27.0%26.1%26.8%Sign in free for the trailing twelve months
Net profit3,450 Cr2,741 Cr5,374 Cr5,994 Cr7,367 Cr8,314 Cr12,210 Cr15,595 Cr17,558 Cr19,669 CrSign in free for the trailing twelve months
EPS (₹)₹142.10₹172.30₹202.30₹211.70₹280.90₹286.30₹40.30₹51.20₹55.60₹61.30Sign in free for the trailing twelve months
Dividend payout %————1.1%4.8%6.1%7.6%8.8%9.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital80 Cr80 Cr80 Cr80 Cr80 Cr80 Cr159 Cr159 Cr160 Cr160 Cr
Reserves15,749 Cr20,668 Cr23,686 Cr31,222 Cr35,750 Cr40,167 Cr46,248 Cr60,169 Cr72,236 Cr77,755 Cr
Borrowings41,286 Cr55,826 Cr99,754 Cr1,26,606 Cr1,27,913 Cr1,60,514 Cr2,11,441 Cr2,87,599 Cr3,54,350 Cr4,28,248 Cr
Other liabilities64,308 Cr71,506 Cr72,221 Cr73,916 Cr93,957 Cr1,06,885 Cr1,16,470 Cr1,46,555 Cr1,69,448 Cr1,89,285 Cr
Total liabilities1,28,623 Cr1,59,126 Cr2,08,549 Cr2,51,384 Cr2,80,164 Cr3,33,719 Cr4,05,509 Cr5,37,930 Cr6,52,232 Cr7,58,498 Cr
Fixed assets (net)870 Cr930 Cr1,138 Cr2,156 Cr2,054 Cr2,312 Cr2,875 Cr3,745 Cr4,157 Cr4,364 Cr
CWIP4 Cr25 Cr61 Cr13 Cr50 Cr54 Cr62 Cr82 Cr123 Cr250 Cr
Investments13,568 Cr14,520 Cr81,717 Cr91,858 Cr1,13,694 Cr1,19,258 Cr1,36,211 Cr1,68,415 Cr1,90,159 Cr1,94,442 Cr
Loans & advances——0 Cr1,41,743 Cr1,47,100 Cr1,91,853 Cr2,42,750 Cr3,26,742 Cr4,08,491 Cr5,00,016 Cr
Trade receivables1,253 Cr1,200 Cr2,273 Cr2,658 Cr2,512 Cr3,005 Cr3,459 Cr5,974 Cr8,319 Cr9,332 Cr
Cash & bank1,499 Cr1,688 Cr1,583 Cr2,396 Cr2,955 Cr4,087 Cr2,594 Cr5,765 Cr5,817 Cr3,599 Cr
Other assets1,11,430 Cr1,40,764 Cr1,21,777 Cr10,561 Cr11,800 Cr13,151 Cr17,560 Cr27,207 Cr35,166 Cr46,495 Cr
Total assets1,28,623 Cr1,59,126 Cr2,08,549 Cr2,51,384 Cr2,80,164 Cr3,33,719 Cr4,05,509 Cr5,37,930 Cr6,52,232 Cr7,58,498 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity——-27,076 Cr-23,369 Cr4,547 Cr-33,670 Cr-39,480 Cr-68,674 Cr-62,113 Cr-55,301 Cr
Cash from investing——-6,903 Cr-9,948 Cr-3,684 Cr1,445 Cr-13,945 Cr-10,960 Cr-7,987 Cr-12,635 Cr
Cash from financing——34,535 Cr34,479 Cr1,687 Cr32,326 Cr51,016 Cr82,709 Cr70,191 Cr66,610 Cr
Net cash flow——555 Cr1,162 Cr2,551 Cr101 Cr-2,409 Cr3,075 Cr92 Cr-1,326 Cr
Free cash flow (OCF − Capex)——-27,723 Cr-24,248 Cr4,077 Cr-34,580 Cr-40,700 Cr-70,110 Cr-63,977 Cr-56,750 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.4%12.4%10.8%9.9%10.2%9.2%10.0%10.2%10.0%9.7%
ROE %9.8%8.6%8.8%6.6%7.7%6.9%8.3%7.9%6.9%7.0%
Debtor days19141918151615202323
Inventory days——00000000
Days payable11112126———————
Cash conversion cycle-92-106-718151615202323
Debt / equity2.612.694.204.043.573.994.564.774.895.50
Current ratio1.161.191.75———————
Net debt / EBITDA4.57—6.586.876.417.347.036.937.087.48