NSE/BAJAJFINSV

BAJAJFINSVBajaj Finserv Ltd

Financial Services · NSE

₹1,838.9+0.49%

52-wk low52-WEEK RANGE52-wk high

₹1,631.8+12.7% from low ·-15.5% from high₹2,176.6

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

BAJAJFINSV-3.00% · 1Y

Range high ₹2,195Range low ₹1,597Latest ₹1,838.9252 bars · daily-close · NSE bhavcopy + 10Y history

Financial ServicesFinancial ConglomeratesBajaj GroupLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite25/100

Performance

Low

Hasn't fared well — amongst the weak performers.

· 52w return -12.6% — underperformer
· Below 200-DMA (-7.6%) — downtrend

Valuation

High

Looks expensive vs the sector.

· P/E 30.5 — 65% above sector median 18.5
· P/B 3.81 above sector median

Growth

Medium

Steady but not standout growth.

· Revenue YoY +24.8% — strong top-line
· Profit YoY -0.7% — earnings slipping

Profitability

Medium

Average profitability vs peers.

· ROE 12.5%
· Net margin 68.9% — strong pricing power

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeD(40/100)

Durability

48/100

Mixed quality signals; requires deeper due diligence.

Show 3 drivers

Piotroski F-score5/8 (63pt)
Debt/Equity2.38 (21pt)
ROE12.5% (50pt)

Valuation

26/100

Richly valued on most axes; limited margin of safety.

Show 4 drivers

P/E vs sector (30.5 / 18.5)165% (27pt)
P/B3.81 (24pt)
Dividend yield0.05% (1pt)
EV/EBITDA12.2 (40pt)

Momentum

46/100

Momentum is muted; trend is unclear or rolling over.

Show 5 drivers

52w change-12.6% (29pt)
DMA-trend alignmentdown (25pt)
RSI (14)56.7 (98pt)
Price vs 200-DMA-7.4% (45pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)30.54

FAIR

CheapestP/E 30.5 near sector median.Most expensive

P/B3.81

FAIR

CheapestP/B 3.81 at 67th %ile of sector.Most expensive

EV/EBITDA12.21

FAIR

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Jul +11.52% · Worst: Mar -2.93%

Jan

-2.2%

27% win

Feb

+2.7%

58% win

Mar

-2.9%

67% win

Apr

+5.4%

75% win

May

-0.1%

55% win

Jun

+5.2%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+2.55%

Median

+1.91%

Std dev

11.41%

Best

+57.2%

Worst

-49.3%

% positive

59%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 2

Consistent top-line growth (25.4% 3Y CAGR)
Sustained revenue compounding is rare and hard to fake
Strong net margin (68.9%)
High margin indicates pricing power + operating efficiency

WEAKNESSES · 2

Leveraged balance sheet (D/E 2.38)
High debt amplifies earnings volatility in downturns
Premium to sector on P/E (+65%)
P/E 30.5 vs Financial Services median 18.5

OPPORTUNITIES · 1

19% upside to consensus target (₹2179)
14 analysts see fair value materially higher

THREATS · 2

Valuation compression risk
P/E 30.5 is 65% above sector — any growth miss gets punished
Net debt is 106% of market cap
Financing costs become material in rising-rate regimes

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+0.5%

+1.6%

+5.8%

-8.5%

-8.4%

-3.4%

+12.8%

+12.7%

10Y

+25.1%

Fundamentals

VALUATION

Market cap

₹2,92,438 Cr

P/E (TTM)

30.5

P/E (fwd)

22.5

next 12m

P/B

3.81

EV/EBITDA

12.2

Book value

₹480.60

per share

PROFITABILITY · QUALITY

ROE

12.5%

ROCE

—

Net margin

68.9%

Op margin

34.6%

Gross margin

49.7%

D/E

2.38

GROWTH · MARKET

Rev YoY

+24.8%

Profit YoY

-0.7%

Div yield

0.05%

Payout

1.7%

52w change

-12.6%

Beta

0.37

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Forward P/E materially below trailing (22.5x vs 30.5x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+Strong operating margin (34.6%)Meaningful pricing power or cost discipline — above most Indian companies
+Revenue growing at +24.8% YoYGrowth-category territory — implies market-share gains or market expansion
+3-year revenue CAGR of 25.4%Sustained multi-year growth — not a one-quarter flash
+3-year profit CAGR of 24.9%Consistently compounding earnings — the Buffett playbook

CONS · 2

−Trades at a premium to sector on P/EP/E 30.5 vs Financial Services median 18.5 — priced for more growth than peers
−Leveraged balance sheet (D/E 2.38)

Sector-relative context

Financial Services · 58 peers

P/E (TTM)

This stock

30.54

Sector median

18.51

Rank 37/58 (38th %ile)

ROE

This stock

12.5%

Sector median

13.6%

Rank 25/58 (59th %ile)

P/B

This stock

3.81

Sector median

2.13

Rank 39/58 (34th %ile)

Quality score · Piotroski F-score

5 / 8

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✗Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
—Operating margin expanded YoY· Pricing power or cost discipline
✓

Analyst consensus

14 analysts · BUY

Target mean

₹2179.07

Target high

₹2710.00

Target low

₹1500.00

Upside vs today

+19.0%

Street consensus target is +19.0% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Financial Conglomerates

Employees

1,04,668

Shares out

159.7

Revenue (TTM)

₹1,47,030 Cr

EBITDA

₹54,215 Cr

Total debt

₹3,22,436 Cr

Cash

₹12,754 Cr

Net debt

₹3,09,681 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	26,847	38,314	30,231	31,564	32,619
Other income	—	736	-408	533	638	611
Interest	—	6,276	6,396	6,807	6,901	7,232

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	61,516	73,846	99,880	1,21,192
Other income	383	58	351	1,474
Interest	9,498	12,201	18,400	24,310
Depreciation	563	480	643	814

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
BAJAJFINSVTHIS Bajaj Finserv Limited	₹1,838.9	-12.6%	2,92,438	30.5	3.81	12.5%	2.38	+24.8%
HDFCBANK HDFC Bank Limited	₹799.9	-58.5%	12,24,457	17.8	2.17	13.8%	—	-1.8%
SBIN State Bank of India	₹1,080.25	+32.3%	10,22,614	12.1	1.73	14.3%	—	+14.5%
ICICIBANK ICICI Bank Limited	₹1,346.8	-4.5%	9,71,609	18.5	2.78	16.4%	—	+66.9%
BAJFINANCE Bajaj Finance Limited	₹908.25	-90.2%	5,70,505	31.7	5.52	17.4%	3.10	+6.4%
AXISBANK Axis Bank Limited	₹1,359.1	+11.1%	4,21,100	16.1	2.03	13.6%	—	+5.7%
KOTAKBANK Kotak Mahindra Bank Limited	₹383.6	-82.9%	3,77,170	20.1	2.24	11.2%	—	+24.2%
SHRIRAMFIN Shriram Finance Limited	₹1,036.95	+47.5%	2,45,891	21.5	3.24	15.1%	2.79	+21.4%
SBILIFE SBI Life Insurance Company Limited	₹1,970.9	+21.0%	1,98,863	80.5	10.46	13.9%	—	+144.5%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	14.42	15.53	+7.7%
-2q	14.34	13.90	-3.1%
-3q	15.35	17.30	+12.7%
-4q	12.62	15.00	+18.9%

Date	Amount
2025-06-27	₹1.00
2024-06-21	₹1.00
2023-06-30	₹0.80
2022-06-30	₹0.40
2021-07-08	₹0.30
2020-03-03	₹0.50
2019-07-11	₹0.25
2018-07-05	₹0.17
2017-07-06	₹0.17

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	80	159	159	160
Reserves	24,950	30,078	36,205	45,570
Borrowings	1,30,380	1,67,599	2,28,782	2,84,452
Total liabilities	3,33,719	4,05,509	5,37,930	6,52,232
Fixed assets	2,435	2,981	3,852	4,885
CWIP	124	106	107	728
Investments	79,305	78,625	95,066	1,06,812
Total assets	3,33,719	4,05,509	5,37,930	6,52,232

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	-33,670	-39,480	-65,502	-62,113
CF Investing	1,445	-13,945	-14,132	-7,987
CF Financing	32,326	51,016	82,709	70,191
Net cash flow	101	-2,409	3,075	92
Free cash flow	-34,580	-40,700	-66,938	-63,977

Metric	2025-FY	2024-FY	2023-FY	2022-FY
Net margin %	7.3%	8.2%	8.7%	7.4%
ROE %	21.6%	24.5%	23.2%	18.2%
ROCE %	16.1%	17.2%	16.4%	13.4%
Debt / Equity	6.22	6.29	5.54	5.21
Dividend payout %	2%	2%	1%	1%
Interest coverage	2.0×	2.2×	2.4×	2.2×
Revenue growth YoY	+21.3%	+35.3%	+20.0%	—
Profit growth YoY	+8.9%	+27.0%	+40.8%	—

BAJAJFINSVBajaj Finserv Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Financial Services

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Technical snapshot

Earnings history + surprises

Dividends + splits history

SWOT analysis

Recent news

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Balance sheet

Cash flow statement

Stock scorecard

Ratios

Peer comparison · Financial Services