BAJFINANCE

Bajaj Finance Limited

One of India's largest private-sector NBFCs, lending to consumers and small businesses

Financial Services›Financial Services›Finance›Non Banking Financial Company (NBFC)

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

Price as of 2026-10-16

Stock price
₹982.10
Market cap
6,11,082 Cr
Stock P/E
30.1
P/B
5.36
Dividend yield
0.6%
ROE (FY26)
16.3%

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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Compare with peers

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What you need to know

Bajaj Finance is a large Indian non-bank lender (NBFC) that lends to consumers, small businesses and companies, takes fixed deposits and sells partner products, with a housing-finance subsidiary and a securities subsidiary.

Company snapshot

1stBy market cap

Ranked among 58 companies in Non Banking Financial Company (NBFC).

What we see

Positives
  • ✓Net margin of 23.6% — the business keeps a healthy share of every rupee it earns.
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 Income7,197 Cr7,655 Cr8,013 Cr8,365 Cr8,838 Cr9,383 Cr9,807 Cr10,227 Cr10,785 Cr11,318 Cr11,781 Cr12,571 Cr
Other income3 Cr5 Cr6 Cr4 Cr5 Cr23 Cr12 Cr4 Cr2 Cr0.69 Cr0.71 Cr0.97 Cr
Net operating income7,200 Cr7,660 Cr8,019 Cr8,369 Cr8,843 Cr9,406 Cr9,819 Cr10,231 Cr10,787 Cr11,318 Cr11,781 Cr12,572 Cr
Employee cost1,588 Cr1,662 Cr1,650 Cr1,775 Cr1,835 Cr1,956 Cr1,943 Cr2,103 Cr2,154 Cr2,250 Cr2,471 Cr2,645 Cr
Other expenses791 Cr848 Cr941 Cr942 Cr965 Cr1,007 Cr1,025 Cr1,001 Cr1,048 Cr1,053 Cr1,029 Cr1,101 Cr
Provisions & contingencies————————————
Depreciation159 Cr176 Cr193 Cr200 Cr210 Cr219 Cr252 Cr251 Cr258 Cr244 Cr256 Cr288 Cr
Profit before tax4,758 Cr4,896 Cr5,105 Cr5,265 Cr5,401 Cr5,765 Cr5,647 Cr6,368 Cr6,608 Cr5,431 Cr7,410 Cr8,149 Cr
Tax %25.4%25.7%25.1%25.7%25.7%25.3%19.5%25.2%25.1%25.1%25.1%25.4%
Net profit3,551 Cr3,639 Cr3,825 Cr3,912 Cr4,014 Cr4,308 Cr4,546 Cr4,765 Cr4,948 Cr4,066 Cr5,553 Cr6,081 Cr
EPS (₹)₹58.67₹59.42₹61.91₹63.28₹64.66₹68.63₹72.35₹7.57₹7.85₹6.40₹8.79₹9.62

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——9,725 Cr13,497 Cr13,889 Cr17,522 Cr—29,582 Cr36,393 Cr44,110 CrSign in free for the trailing twelve months
Other income25 Cr24 Cr17 Cr12 Cr15 Cr8 Cr8 Cr13 Cr41 Cr7 CrSign in free for the trailing twelve months
Net operating income25 Cr24 Cr9,742 Cr13,509 Cr13,904 Cr17,530 Cr8 Cr29,595 Cr36,434 Cr44,117 CrSign in free for the trailing twelve months
Employee cost932 Cr1,420 Cr1,941 Cr2,549 Cr2,499 Cr3,590 Cr5,059 Cr6,396 Cr7,508 Cr8,979 CrSign in free for the trailing twelve months
Other expenses1,564 Cr3,214 Cr1,400 Cr1,761 Cr1,238 Cr1,865 Cr2,694 Cr3,314 Cr3,939 Cr4,131 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation71 Cr102 Cr144 Cr295 Cr325 Cr385 Cr485 Cr683 Cr881 Cr1,009 CrSign in free for the trailing twelve months
Profit before tax2,817 Cr4,096 Cr6,179 Cr7,322 Cr5,992 Cr9,504 Cr15,528 Cr19,310 Cr22,080 Cr25,817 CrSign in free for the trailing twelve months
Tax %34.8%34.7%35.3%28.1%26.2%26.0%25.9%25.2%24.0%25.1%Sign in free for the trailing twelve months
Net profit1,836 Cr2,674 Cr3,995 Cr5,264 Cr4,420 Cr7,028 Cr11,508 Cr14,451 Cr16,779 Cr19,332 CrSign in free for the trailing twelve months
EPS (₹)₹34.01₹47.54₹69.33₹89.77₹73.58₹116.64₹190.53₹236.89₹268.94₹30.60Sign in free for the trailing twelve months
Dividend payout %————0.1%8.6%10.5%12.6%13.3%18.0%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 capital109 Cr115 Cr115 Cr120 Cr120 Cr121 Cr121 Cr124 Cr124 Cr622 Cr
Reserves9,491 Cr16,431 Cr19,582 Cr32,208 Cr36,798 Cr43,592 Cr54,251 Cr76,572 Cr96,569 Cr1,13,377 Cr
Borrowings42,038 Cr56,653 Cr1,01,588 Cr1,29,806 Cr1,31,645 Cr1,65,232 Cr—2,93,346 Cr3,61,249 Cr4,35,112 Cr
Other liabilities12,092 Cr13,625 Cr2,948 Cr2,257 Cr2,963 Cr3,561 Cr2,20,857 Cr5,700 Cr5,941 Cr7,854 Cr
Total liabilities63,731 Cr86,824 Cr1,24,233 Cr1,64,391 Cr1,71,527 Cr2,12,505 Cr2,75,229 Cr3,75,742 Cr4,66,127 Cr5,59,952 Cr
Fixed assets (net)288 Cr346 Cr527 Cr1,097 Cr1,042 Cr1,283 Cr1,677 Cr2,358 Cr2,689 Cr2,851 Cr
CWIP——0 Cr0 Cr7 Cr13 Cr15 Cr25 Cr27 Cr62 Cr
Investments4,070 Cr3,146 Cr8,599 Cr17,544 Cr18,397 Cr12,246 Cr0 Cr30,881 Cr34,441 Cr30,578 Cr
Loans & advances——1,12,513 Cr1,41,376 Cr1,46,687 Cr1,91,423 Cr—3,26,293 Cr4,07,844 Cr4,98,944 Cr
Trade receivables——805 Cr952 Cr1,107 Cr1,266 Cr—1,733 Cr1,913 Cr1,908 Cr
Cash & bank326 Cr339 Cr347 Cr1,345 Cr1,861 Cr3,407 Cr1,551 Cr4,035 Cr3,642 Cr1,897 Cr
Other assets59,047 Cr82,993 Cr1,442 Cr2,077 Cr2,426 Cr2,868 Cr2,71,987 Cr10,416 Cr15,571 Cr23,713 Cr
Total assets63,731 Cr86,824 Cr1,24,233 Cr1,64,391 Cr1,71,527 Cr2,12,505 Cr2,75,229 Cr3,75,742 Cr4,66,127 Cr5,59,952 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-10,439 Cr-20,461 Cr-29,062 Cr-24,426 Cr-881 Cr-37,029 Cr-42,140 Cr-72,760 Cr-68,154 Cr-65,790 Cr
Cash from investing-3,047 Cr971 Cr-5,379 Cr-8,757 Cr-429 Cr6,347 Cr-10,365 Cr-7,171 Cr-2,765 Cr-3,389 Cr
Cash from financing12,513 Cr19,503 Cr34,449 Cr34,181 Cr1,826 Cr32,240 Cr50,675 Cr82,415 Cr70,527 Cr67,433 Cr
Net cash flow-972 Cr13 Cr9 Cr998 Cr517 Cr1,558 Cr-1,831 Cr2,484 Cr-392 Cr-1,746 Cr
Free cash flow (OCF − Capex)-10,588 Cr-20,669 Cr-29,459 Cr-24,933 Cr-1,190 Cr-37,663 Cr-43,019 Cr-73,798 Cr-69,236 Cr-66,751 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %19.1%16.2%20.3%16.3%12.0%16.1%21.2%18.8%16.8%16.3%
Debt / equity4.383.425.164.023.573.78—3.823.743.82