Bajaj Finance Ltd - Stock Valuation and Financial Performance

BSE: 500034 | NSE: BAJFINANCE | Finance - NBFC | Large Cap

Bajaj Finance Share Price

7,226 -3.10 -0.04%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Bajaj Finance

Overall Rating
Bole Toh

1. Quality

2. Valuation


3. Price Trend

Bajaj Finance stock performance -

mw4me loader
P/E Ratio (CD):
Market Cap:
4,47,990 Cr.
52-wk low:
52-wk high:

Is Bajaj Finance Ltd an attractive stock to invest in?

1. Is Bajaj Finance Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bajaj Finance Ltd is a good quality company.

2. Is Bajaj Finance Ltd undervalued or overvalued?

The key valuation ratios of Bajaj Finance Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Bajaj Finance Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Bajaj Finance Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Bajaj Finance:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bajaj Finance Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Operating Income (₹ Cr.)05,3827,2949,96712,78618,48726,37426,69031,64041,39750,337
YoY Gr. Rt. %-NA35.5%36.7%28.3%44.6%42.7%1.2%18.6%30.8%-
Adj EPS (₹ ) 01823.933.643.469.387.773.5116.5190.4222.3
YoY Gr. Rt. %-NA33%40.6%29.2%59.6%26.7%-16.3%58.6%63.4%-
BVPS (₹ )096136.8175.6274.1339.1535.3608.6718890.31,166.4
YoY Gr. Rt. %-NA42.5%28.4%56.1%23.7%57.9%13.7%18%24%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest IncomeNA26.5%16.2%30.8%
Adj EPSNA34.4%29.5%63.4%
Share Price 45% 19.2% 15.2% 22.5%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Net Profit Margin (%)016.717.518.419.521.62016.622.227.827.4
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)018.721.121.719.722.620.412.917.623.719.1

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.60%

Total Income has increased 16.22 CAGR in last 3 years

Net Profit has increased 29.46 CAGR in last 3 years

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Bajaj Finance Ltd.

Standalone Consolidated
TTM EPS (₹) 194.8 222.3
TTM Sales (₹ Cr.) 42,889 50,337
BVPS (₹.) 1,097.7 1,166.4
Reserves (₹ Cr.) 67,927 72,188
P/BV 6.58 6.20
PE 37.09 32.50
From the Market
52 Week Low / High (₹) 5830.00 / 8190.00
All Time Low / High (₹) 1.95 / 8190.00
Market Cap (₹ Cr.) 4,47,990
Equity (₹ Cr.) 124
Face Value (₹) 2
Industry PE 32.5

Management X-Ray of Bajaj Finance:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bajaj Finance

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
Interest Income5,3827,2949,96712,78618,48726,37426,69031,64041,397
Other Income 176402512131215810
Expenditure 4,2015,3697,1758,95512,32119,06420,71222,14425,880
Interest Expense 2,2742,9593,8534,6966,7239,6089,5199,85512,701
Operating Expenses 1,3971,8452,4662,9893,8835,2034,9147,1919,662
Provisions 5305658561,2701,7154,2536,2795,0993,517
Exceptional Items 000000000
Profit Before Tax 1,3571,9652,8173,8436,1797,3225,9929,50415,528
Taxes 4596869811,3472,1842,0581,5722,4764,020
Profit After Tax 8981,2791,8362,4963,9955,2644,4207,02811,508
Adjusted EPS (₹)18.023.933.643.469.387.773.5116.5190.4
Dividend Payout Ratio (%)10%10%11%9%9%11%14%17%16%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Equity Capital4,8007,3259,60015,84819,69732,32836,91843,71354,372
Share Capital 5054109115115120120121121
Reserves 4,7507,2719,49115,73319,58232,20836,79843,59254,251
Minority Interest000000000
Long Term Borrowings19,61127,49136,26658,11088,2361,22,3461,21,5321,50,5701,94,072
Current Liabilities 9,91014,26121,03310,07315,6308,86812,07417,27225,847
Trade Payables2743353096518129601,0981,5112,091
Short term borrowings4,2785,6388,9227,84212,9186,9489,52314,16222,269
Other Liabilities-4,552-5,871-9,232-8,493-13,730-7,908-10,621-15,674-24,360
Total Liabilities 34,32149,17966,90084,0311,23,5631,63,5411,70,5252,11,5552,74,292


Non Current Asset 19,87127,42035,16580,7201,14,9291,46,1091,52,9262,04,1892,61,298
Loan Asset 18,12024,77932,02879,1031,12,5131,41,3761,46,6871,91,4232,42,269
Other Non Current Asset 1,7522,6413,1371,6182,4174,7336,23912,76619,029
Current Asset 14,45021,75931,7343,3108,63417,43217,5997,36512,993
Current Investment1795723,3072,1147,08714,45513,8011,5756,421
Other Current Asset14,27121,18728,4271,1961,5472,9773,7985,7906,573
Total Assets 34,32149,17966,90084,0311,23,5631,63,5411,70,5252,11,5552,74,292

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity 0-9,870-10,439-20,566-29,062-24,412-807-37,090-42,140
Cash Flow From Investing Activity 0-687-3,0471,075-5,379-8,758-4296,347-10,365
Cash Flow From Financing Activity 011,65612,51319,50334,44934,1671,74132,27550,675
Net Cash Flow 01,100-9721399985051,532-1,831

Operational & Financial Ratios

EPS (₹)1802393443698873117190
DPS (₹)182544610102030
BVPS (₹)9601368176274339535609718890

Performance Ratios

ROA (%)
ROE (%)18.721.121.719.722.620.412.917.623.7
ROCE (%)11.513.012.912.112.712.09.410.311.8

Valuation Parameters


Bajaj Finance Ltd Stock News

Bajaj Finance Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bajaj Finance on 12-Apr-2024 16:59 is ₹7,226.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Bajaj Finance stood at ₹4,47,990.
The latest P/E ratio of Bajaj Finance as of 12-Apr-2024 16:59 is 37.09.
The latest P/B ratio of Bajaj Finance as of 12-Apr-2024 16:59 is 6.58.
The 52-week high of Bajaj Finance is ₹8,190 and the 52-week low is ₹5,830.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bajaj Finance is ₹42,889 ( Cr.) .

About Bajaj Finance Ltd

Bajaj Finance (BFL) is a deposit-taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI). It is a subsidiary of Bajaj Finserv. The company is engaged in the business of lending and acceptance of deposits. The company has a diversified lending portfolio across retail, SMEs and commercial customers with a significant presence in urban and rural India. It accepts public and corporate deposits and offers variety of financial services products to its customers.

The company has implemented various Machine Learning (ML) models in addition to classical logistic regressive models. It is also investing deeply in Artificial Intelligence (AI) for new acquisition and propensity management. These state of-the-art technologies enable decision engines with real time processing capabilities. These also enable unique customer propositions like ‘get now’ and ‘straight through processing’ to constantly push towards a smoother and frictionless experience for its customers. While doing so, BFL is conscious of customer’s privacy and ensures customer consent is obtained for any cross-sell offerings.

BFL has been at the forefront of technology adoption among NBFCs, and has continuously leveraged existing and emerging technologies to launch new products, enhance customer acquisition and servicing processes along with simplifying the back-office. In doing so, it has invested in tools, technologies and practices for robust and expeditious ‘Development-toOperations’ implementation to enable delivery of applications and services at a high velocity. To facilitate rapid development and operational use of technology, BFL has restructured its technology organisation by hosting development, operations, quality assurance and security teams in a single unit to deliver fully integrated and tested application lifecycles.

Business area of the company

Bajaj Finance is one of the largest players in the burgeoning consumer finance segment in India and a pioneer in introducing interest-free EMI finance options in many categories, ranging from consumer durables to lifestyle products to groceries. Apart from consumer finance, the company also has substantial business penetration in SME, commercial and rural lending. It has deeply invested in Application Programme Interface (API) to integrate specialized applications with customer facing interfaces like web portals, app infrastructure and BOTS on to a micro services architecture supported by platform as a service (PaaS) infrastructure.

Services offered:

Consumer Finance

  • Durable Finance
  • Lifestyle Finance
  • Digital Product Finance
  • EMI Card
  • 2 & 3 Wheeler Finance
  • Personal Loan
  • Loan against FD
  • Extended warranty
  • Gold Loan
  • Home Loan
  • Retail EMI
  • Retailer Finance
  • E-commerce
  • Co-branded Credit Card
  • Co-branded Wallet

SME Finance

  • Home Loan
  • Loan against Property
  • Gold Loan
  • Lease rental discounting
  • Business Loan
  • Loan Against Shares
  • Professional Loan
  • Working Capital Loans
  • Developer Finance
  • Used Car Finance

Commercial Lending

  • Vendor Financing
  • Large Value Lease Rental Discounting
  • Loans against Securities
  • Financial Institutions Lending
  • Light Engineering Finance
  • Corporate Finance
  • Warehouse Financing


  • Fixed Deposit
  • Mutual Funds



  • BFL won TISS LeapVault CLO Award in Best Virtual Learning Program category.
  • BFL has been ranked 16th among the top 25 best places to work in Asia by the Great Place to Work Institute.
  • BFL has been recognised as one of the Best Employers in India, for the third year in a row in the AON Hewitt Best Employers Study, 2016.


  • BFL’s Human Resource department won this award in the Best Simulation Based Program category for its ‘Super Manager Studio Online and Offline Training Program.
  • The company’s Audit Committee was awarded the ‘Best Audit Committee Award 2016’ by the Asian Centre for Corporate Governance and Sustainability at the 4th Asia Business Responsibility Summit.


  • Featured among the ‘Top 18 Best Employers in India’, 2017 by Aon Hewitt.
  • India’s Best Companies to work for 2017, by the ‘Great Places to Work’.
  • Awarded ‘India's Leading NBFC - Other than Infrastructure Financing’ by Dun and Bradstreet.
  • Awarded ‘Best NBFC of the Year 2017’ by Outlook Money for value proposition and innovations.
  • The Mint Corporate Strategy Award, recognizing excellence in corporate governance.
  • Ranked amongst Top 25 Best Large Workplaces in Asia, 2018, by the ‘Great Places to Work’.


  • Featured amongst the ‘Best Employers in India’, 2017 by Aon Hewitt.
  • ‘Outstanding Company of the Year’ at CNBC Indian Business Leader Awards to Bajaj Finance.
  • Ranked 9th amongst 'Top 25 Best Large Workplaces in Asia', 2019, by ‘Great Places to Work’ institute.


  • Ranked among the Top 25 Best Large Workplaces in Asia, 2019, (Rank 9) by the ‘Great Places to Work’ Institute.
  • Recognised among organisations having more than 10,000 employees by the ‘Great Place to Work’ Institute.
  • India’s Best Companies to Work for 2019, by the ‘Great Place to Work’ Institute.
  • Featured among the ‘Best Employers in India’, 2019, by Aon Hewitt. 
  • FE India’s Best Banks Awards–Best NBFC of the Year 2017-18, for Bajaj Finance.
  • Economic Times Awards for Corporate Excellence-Company of the Year for BFL.
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