Bajaj Finance Ltd
BAJFINANCEBajaj Finance Ltd is coiled. The quarters are improving, yet the P/BV sits at the 20th percentile of its own 10-year range — the business is moving before the market.
Biggest watch item: the price is already 4 weeks into its uptrend — timing risk, not thesis risk.
The price is in a confirmed uptrend (4 weeks in) while the P/BV sits at the 20th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +27.6% year on year, and gross NPA has moved to 1.01%. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Bajaj Finance Ltd trades at ₹1,141, in a confirmed uptrend and 4 weeks into that stage. That is +19.4% against its own 200-day average. It sits at 100% of a 52-week range of ₹831 to ₹1,141. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks.
Today the stock is in a confirmed uptrend — week 4 of stage 2, confirmed. At ₹1,141 it trades +19.4% versus its 200-day average and sits at 100% of its 52-week range (₹831–₹1,141).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +1,683% while the NIFTY 500 moved +276% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 11 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.
Bajaj Finance Ltd trades at 6.2× P/BV, near the bottom of its own range — cheaper only 20% of the time. Its long-run median P/BV is 8.0×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/BV of 6.2× is near the bottom of its own range — cheaper only 20% of the time, against a long-run median of 8.0× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year book value grew while the price moved +30.3% — price and book moved together, holding the multiple in its range.
The price move, decomposed: over 5y, of the +12.9%/yr price move, ~+24.7%/yr came from book-value growth and ~−11.8 pp from the multiple (compressing); over 10y, of the +27.1%/yr price move, ~+29.5%/yr came from book-value growth and ~−2.4 pp from the multiple (compressing). The split is the honest approximate (price return minus book-value growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the book-value line underneath it, not the multiple.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Bajaj Finance Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROE at 17.6% and holding. The read is built from 10 quarters across 4 curves, on full evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +19.1% | +25.6% | +25.2% | +27.4% |
| Profit | +15.2% | +18.9% | +34.3% | +31.2% |
| EPS | +14.2% | +17.1% | +33.0% | +29.1% |
| Share price | +30.3% | +15.6% | +12.9% | +27.1% |
4-Factor Sector Score
51.8/100 — rank 4 of 8 in Conglomerate Backed NBFC · 87% evidence confidence
Bajaj Finance Ltd scores 51.8 out of 100 against the 8 companies it is compared with in Conglomerate Backed NBFC, ranking 4. Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
The four contributions add to the total exactly: 16.6 + 20.4 + 5.8 + 9 = 51.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.
Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.
Bajaj Finance Ltd reported ₹23,165 Cr of income in the Jun 26 quarter, +18.6% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 27.4% a year. The last full year, FY26, came in at ₹81,985 Cr. The last four reported quarters add to ₹85,963 Cr.
FY26 revenue came in at ₹81,985 Cr (+19.1% on the year), capping 10 years at 27.4% compound. The latest quarter (Jun 26) printed ₹23,165 Cr, +18.6% year on year — the 11th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +17.8% growth against the decade's 27.4% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +17.8% over the last 4 quarters against +21.1%/yr over the last 8 — rolling over; TTM profit +17.1% vs +17.6%/yr — stabilising.
Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.
Bajaj Finance Ltd's net margin is 26.3% in the Jun 26 quarter, +1.9 percentage points against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 16.6% to 27.8%. The current quarter sits inside that band.
The latest quarter's net margin is 26.3%, +1.9 pp against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 16.6%–27.8%.
Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Bajaj Finance Ltd earned ₹6,081 Cr of net profit in the Jun 26 quarter, +27.6% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹19,332 Cr. The 10-year compound rate is 31.2%. That is 26.3% of the quarter's revenue. The same quarter a year earlier earned ₹4,765 Cr.
Jun 26 profit was ₹6,081 Cr, +27.6% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹19,332 Cr (+15.2%), and the 10-year compound rate is 31.2%.
Why profit moved: revenue contributed +18.6% and the margin +1.9 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +16.9% vs revenue +17.8%. Profit and revenue are moving roughly in step.
Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.
Bajaj Finance Ltd's gross NPA is 1.01% of the loan book in Mar 26, up from 0.96% a year ago. Net of provisions already set aside, 0.41% remains. That is the 2nd straight quarter of improvement. Across the 11 quarters held here the book has ranged 0.85% to 1.24%.
Mar 26: gross NPA at 1.01% and net NPA at 0.41%, against 0.96% / 0.44% a year ago. Over the 11 quarters we hold, the book's worst reading was 1.24% and its best is 0.85%. The ladder has now improved for 2 consecutive quarters.
The synthesis: profit growth at a bank is only as good as the book behind it, and this book is healing on a multi-quarter streak. A note on depth: quarterly provisioning detail is not in our numbers yet, so this ladder reads levels and trend, not the cost of the cleanup.
🚨 Why the ladder moved: recoveries, write-offs and slippages each play a part, and that split sits below what we hold — the numbers show the healing; the driver mix does not travel with them.
The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.
Bajaj Finance Ltd's revenue grew +19.1% in FY26 to ₹81,985 Cr, so the book is growing. The latest quarter ran +18.6% year on year. The net margin on that income is 26.3%, +1.9 percentage points against a year ago. Interest income is a proxy for the book; rate moves can shift it a few points in any one year.
FY26 revenue was ₹81,985 Cr, +19.1% on the year, and the latest quarter ran +18.6% year on year. The net margin on that revenue is 26.3% this quarter (+1.9 pp YoY) — growth with a widening margin on it.
The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.
Returns on equity and assets Two numbers rate a bank: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys. ROE above ~13–15% earns its keep; below that, growth builds book slowly.
Bajaj Finance Ltd earns a return on equity of 18% in FY26. Its trough over the ladder below was 13% in FY21. For a lender the balance sheet is the operating asset, so equity return and asset return have to be read together.
FY26 ROE came in at 18%, recovered from a FY21 trough of 13%. On assets, the latest reading is about null% — every ₹100 the bank deploys earns roughly null a year. That clears the bar a bank must beat for its book value to compound.
Why ROE moved: profit compounded 31.2% a year over 10 years while the equity base grew more slowly — earnings recovering faster than book value builds is what lifts ROE off a trough.
Debt
For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.
A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 2.1 points of Bajaj Finance Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 16.3% of the company. Foreign institutions moved −0.9 points over the same window, to 20.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +2.1 points over 8 quarters to 16.3%; Foreign institutions: −0.9 points over 8 quarters to 20.2%; Promoters: +0.0 points over 8 quarters to 54.7%.
Why the register moved: domestic institutions drove it (+2.1 points), absorbed on the other side by foreign institutions (−0.9 points) — steady accumulation by institutions reading the same numbers this page reads.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Bajaj Finance Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.
The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Cholamandalam Investment & Finance Company LtdCHOLAFIN | 59.8/100Mixed-positive evidence82% evidence | TURNING | 23.9/35 Income 19.6% · PAT 29.1% 86% evidence | 18.7/25 ROA 2.1% · ROE 19.4% · GNPA — 72% evidence | 7.7/20 P/BV 5.18× · P/BV÷ROE 0.27 100% evidence | 9.5/20 RS sector -8.7% · RS bench 11.9% · 1Y 23%5 of 10 weeks ahead 70% evidence |
| Exact sum: 23.9 + 18.7 + 7.7 + 9.5 = 59.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2HDB Financial Services LtdHDBFS | 56.9/100Mixed-positive evidence65% evidence | TURNING | 19.8/35 Income 12% · PAT 27.7% 81% evidence | 16.5/25 ROA 2.1% · ROE 14.7% · GNPA — 68% evidence | 12.6/20 P/BV 2.73× · P/BV÷ROE 0.19 70% evidence | 8.0/20 RS sector — · RS bench -5.5% · 1Y -9.8%2 of 10 weeks ahead 25% evidence |
| Exact sum: 19.8 + 16.5 + 12.6 + 8 = 56.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Poonawalla Fincorp LtdPOONAWALLA | 52.0/100Mixed-positive evidence70% evidence | BREAKING OUT | 27.2/35 Income 72.5% · PAT 100% 62% evidence | 10.2/25 ROA — · ROE 5.9% · GNPA — 34% evidence | 3.9/20 P/BV 3.65× · P/BV÷ROE 0.62 100% evidence | 10.7/20 RS sector -5.8% · RS bench 2% · 1Y 11.9%5 of 12 weeks ahead 100% evidence |
| Exact sum: 27.2 + 10.2 + 3.9 + 10.7 = 52 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Bajaj Finance Ltdthis pageBAJFINANCE | 51.8/100Mixed-positive evidence87% evidence | TURNING | 16.6/35 Income 17.9% · PAT 17.1% 100% evidence | 20.4/25 ROA 3.5% · ROE 18.2% · GNPA — 72% evidence | 5.8/20 P/BV 6.23× · P/BV÷ROE 0.34 100% evidence | 9.0/20 RS sector -8.8% · RS bench 16.2% · 1Y 24.9%4 of 10 weeks ahead 70% evidence |
| Exact sum: 16.6 + 20.4 + 5.8 + 9 = 51.8 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 5L&T Finance LtdLTF | 48.4/100Mixed-negative evidence88% evidence | BREAKING OUT | 15.5/35 Income 15.2% · PAT 20.2% 86% evidence | 14.7/25 ROA 2.1% · ROE 11.2% · GNPA — 72% evidence | 7.8/20 P/BV 2.78× · P/BV÷ROE 0.25 100% evidence | 10.4/20 RS sector 2.4% · RS bench 10.5% · 1Y 51.9%5 of 12 weeks ahead 100% evidence |
| Exact sum: 15.5 + 14.7 + 7.8 + 10.4 = 48.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Aditya Birla Capital LtdABCAPITAL | 48.1/100Mixed-negative evidence88% evidence | LEADER | 15.5/35 Income 16.3% · PAT 18.2% 86% evidence | 11.5/25 ROA 1.1% · ROE 12% · GNPA — 72% evidence | 5.9/20 P/BV 3.08× · P/BV÷ROE 0.26 100% evidence | 15.2/20 RS sector 9.4% · RS bench 18% · 1Y 55.3%11 of 12 weeks ahead 100% evidence |
| Exact sum: 15.5 + 11.5 + 5.9 + 15.2 = 48.1 · Decision use: Price leads the evidence: RS versus the benchmark is 18%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 7Piramal Finance LtdPIRAMALFIN | 43.0/100Mixed-negative evidence61% evidence | FADING | 23.2/35 Income 17.8% · PAT 100% 52% evidence | 8.6/25 ROA — · ROE 0.9% · GNPA — 34% evidence | 3.2/20 P/BV 1.66× · P/BV÷ROE 1.93 100% evidence | 8.0/20 RS sector -44.5% · RS bench 46.5% · 1Y —10 of 12 weeks ahead 70% evidence |
| Exact sum: 23.2 + 8.6 + 3.2 + 8 = 43 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Jio Financial Services LtdJIOFIN | 33.1/100Adverse evidence82% evidence | TURNING | 18.3/35 Income 100% · PAT 27.1% 86% evidence | 6.9/25 ROA 1% · ROE 1.2% · GNPA — 72% evidence | 3.9/20 P/BV 1.21× · P/BV÷ROE 1.02 100% evidence | 4.0/20 RS sector -16.8% · RS bench -7.2% · 1Y -17.6%0 of 10 weeks ahead 70% evidence |
| Exact sum: 18.3 + 6.9 + 3.9 + 4 = 33.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Bajaj Finance Ltd's share price today?
Bajaj Finance Ltd trades at ₹1,141, +30.3% over the past year. The company is valued at ₹7,10,506 Cr. The stock sits at 100% of its 52-week range of ₹831–₹1,141, +19.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 4 weeks in. — as of 31 July 2026.
What were Bajaj Finance Ltd's latest quarterly results?
Bajaj Finance Ltd reported total income of ₹23,165 Cr and net profit of ₹6,081 Cr for the Jun 26 quarter. Income rose 18.6% and profit rose 27.6% year on year. Earnings per share were ₹9.61. The net margin was 26.3%, 1.9 pp higher than a year earlier. — as of 31 July 2026.
What is Bajaj Finance Ltd's revenue?
Bajaj Finance Ltd reported revenue of ₹23,165 Cr in the Jun 26 quarter, +18.6% year on year. For the full FY26 fiscal year, revenue was ₹81,985 Cr (+19.1%). Over the last 10 years revenue compounded at 27.4% a year. — as of 31 July 2026.
What is Bajaj Finance Ltd's profit?
Bajaj Finance Ltd earned ₹6,081 Cr of net profit in the Jun 26 quarter, +27.6% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹19,332 Cr. The net margin ran 26.3% in the latest quarter. — as of 31 July 2026.
What is Bajaj Finance Ltd's market cap?
Bajaj Finance Ltd's market capitalisation is ₹7,10,506 Cr at a share price of ₹1,141. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Bajaj Finance Ltd's P/BV ratio?
Bajaj Finance Ltd trades at a P/BV of 6.2×, at the 20th percentile of its own 10-year range, against a long-run median of 8.0×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Bajaj Finance Ltd pay a dividend?
Yes — Bajaj Finance Ltd's dividend payout was 20% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Bajaj Finance Ltd overvalued?
On its own history, Bajaj Finance Ltd looks cheap against its own history: its P/BV of 6.2× has been cheaper only 20% of the time in 10 years (long-run median 8.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Bajaj Finance Ltd growing?
Yes — Bajaj Finance Ltd is growing: latest-quarter revenue +18.6% year on year, profit +27.6%, and the the net margin +1.9 pp at 26.3%. The 10-year compound rates are 27.4% (revenue) and 31.2% (profit). The earnings engine currently reads: improving — as of 31 July 2026.
How is Bajaj Finance Ltd performing?
Bajaj Finance Ltd is in a confirmed uptrend, 4 weeks in. Its latest quarter's income rose 18.6% and profit rose 27.6% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 11 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Bajaj Finance Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROE at 17.6% and holding. The read comes from the last 12 quarters of growth (revenue growth +17.8% latest, profit growth +17.1% latest, eps growth +16.1% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Bajaj Finance Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 4 of stage 2), trading +19.4% versus its 200-day average and at 100% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Bajaj Finance Ltd beating the market?
On recent form, yes — Bajaj Finance Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +1,683% against the NIFTY 500's +276% — ahead of the index over the full window. — as of 31 July 2026.
Will Bajaj Finance Ltd's share price go up?
This page publishes no price forecast for Bajaj Finance Ltd. What it measures instead: the share price is ₹1,141, the price is in a confirmed uptrend 4 weeks in. Its P/BV of 6.2× sits at the 20th percentile of its own 10-year range. — as of 31 July 2026.
Who owns Bajaj Finance Ltd?
Promoters hold 54.7% of Bajaj Finance Ltd, foreign institutions 20.2%, domestic institutions 16.3% and the public 8.6% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 2.1 points over 8 quarters. — as of 31 July 2026.
Is Bajaj Finance Ltd's loan book healthy?
Gross NPA is 1.01% of Bajaj Finance Ltd's loan book, up from 0.96% a year ago — the 2nd straight quarter of improvement, and net NPA stands at 0.41%. Falling NPAs are a loan book healing; rising NPAs are damage arriving — as of 31 July 2026.
Where is Bajaj Finance Ltd in its business cycle?
Bajaj Finance Ltd's FY26 net margin was 23.6%, against a 13-year band of 16.6%–27.8%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 26.3%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Bajaj Finance Ltd story?
Biggest watch item: the price is already 4 weeks into its uptrend — timing risk, not thesis risk. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Bajaj Finance Ltd a stock worth studying right now?
This is not investment advice. The machine read: Bajaj Finance Ltd is coiled. The quarters are improving, yet the P/BV sits at the 20th percentile of its own 10-year range — the business is moving before the market. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.