Bajaj Finance share price today

Bajaj Finance Ltd's share price was ₹994.00 at the close on 4 November 2026. It has been rising for 17 weeks. That is 1.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹827 and ₹1,141, and at that close it sat 53% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Bajaj Finance Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

Over the last 11 years the share price moved +1,453% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), indian funds and insurers (DIIs) raised their stake for 4 quarters in a row and foreign funds (FIIs) cut their stake for 4 quarters in a row.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹24,546 crore, +22.8% on a year earlier.

   Why: Revenue rose because the company made more loans. Consumer loans, gold loans, loans against securities and vehicle/tractor loans led the growth.

   From the earnings call on 19 Oct 2026.

2. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

   From 14.4% to 17% of the company by the September 2026 quarter.

3. Foreign funds (FIIs) cut their stake for 4 quarters in a row

   From 22% to 19.8% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Bajaj Finance reported total income of ₹24,546 crore, up 22.8% from ₹19,990 crore a year earlier, and a profit of ₹6,367 crore, up 28.7% from ₹4,948 crore.

Bajaj Finance results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Bajaj Finance's management discussed these results on a call held on 19 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.

Bajaj Finance closed at ₹994.00 on 4 November 2026, down 6.8% from ₹1,066.60 a year earlier (7 November 2025) and up 32.1% over five years. Its highest weekly close since March 2016 was ₹1,141.20 on 31 July 2026.

Bajaj Finance share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Bajaj Finance closed at ₹994.00, up 5.8% on the week and up 4.8% on the month. 19 Oct 2026: Bajaj Finance held its results call for July to September 2026. Management guided: FY27 AUM growth 26-27%; medium-term AUM 23-25%, long-term profit growth 22-25% and ROE 19-21%.

Earlier

• Results for July to September 2026: Total income up 22.8% and profit up 28.7% on a year earlier.
• Our read, 22 Aug 2026: Jun 2026 results confirmed the credit cycle has peaked: GNPA improved to 0.96%, profit grew 27.6%, and loan-loss to AUM fell from 1.9% to 1.5%.
• 30 Jun 2026: ex-date for a dividend of ₹6 a share.
• 16 Jun 2025: Share split: face value cut from ₹2 to ₹1 a share (ex-date).
• 16 Jun 2025: Bonus issue: 4 new shares for every 1 held (ex-date).

Our read of the business

Jun 2026 results confirmed the credit cycle has peaked: GNPA improved to 0.96%, profit grew 27.6%, and loan-loss to AUM fell from 1.9% to 1.5%.

Latest quarter: Credit trough confirmed, GNPA 0.96% below 1.0%, profit ₹6,081 crore +27.6% on a year earlier, AUM ₹5.47 lakh crore +24%; both prior milestones met.

Our read after the latest results, written 22 August 2026.

Bajaj Finance paid ₹6 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.60% at the ₹994.00 close on 4 November 2026. The last was a dividend of ₹6 a share, ex-date 30 June 2026.

Bajaj Finance dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Bajaj Finance Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 19 October 2026, Bajaj Finance's management guided: FY27 AUM growth 26-27%; medium-term AUM 23-25%, long-term profit growth 22-25% and ROE 19-21%.

“We are very clear that a short-tenor loan does not work for the customer, does not work for the company, and is not sustainable.”Rajeev Jain, on gold-loan product design in Q&A, on the call for July to September 2026

What management guided

• FY27: 60-62 million loans, 18-20 million customers, double-digit MSME growth from H2, about 2,800 gold branches by March, 180 AI apps/600 agents; 500,000-account B2B risk test, 15-20% modeled improvement.
• Opex/NTI improvement of 25-40 basis points in FY27.
• FY27 NIM compression guide of 10-15 basis points with a marginal additional headwind.
• FY27 credit costs to remain in the same corridor; 3PL originations planned at 3.5% by Feb-Mar and open-market two-wheeler credit cost at 30-35%.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 19 October 2026.

GNPA rises above 1.10% in Sep 2026, reversing the two-quarter improvement and confirming the credit-cost peak was seasonal rather than structural.

Each change stops working if

• : GNPA rises above 1.10% in Sep 2026, reversing the two-quarter improvement and confirming the credit-cost peak was seasonal rather than structural.
• : AUM growth drops below 15% for two consecutive quarters, signaling market saturation or regulatory constraint on retail lending.
• : Bajaj Life VNB margin falls below 20% for two consecutive quarters, or Bajaj General combined ratio stays above 107% in FY27 as capital gains remain subdued.
• : Opex/NTI at Bajaj Finance rises above 35% for two consecutive quarters while credit costs remain elevated, compressing ROE further below 17%.

The main risks

• : Credit cost re-elevation: GNPA has improved two quarters in a row but remains above the 0.85% trough of Mar 2024. ✓ fact
• : Management guidance reliability: four cross-call inconsistencies in five calls, platform guidance requires a standing discount. ✓ fact
• : ROE compression below 17%: scale at ₹5.47 lakh crore AUM makes it structurally harder to maintain 20% ROE. ✓ fact
• : Bajaj Health revenue degrowth and capital drain: partnership restructuring for RBI rules caused a revenue step-back in April to June 2026. ✓ fact

Our read after the latest results, written 22 August 2026.

When Bajaj Finance reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: MSME H2 growth pickup - check whether revised origination cohorts translate into portfolio growth without renewed GNPA pressure.

Bajaj Finance is on one of our India lists: Nifty 50 companies.

Bajaj Finance Ltd earned ₹6,367 Cr of net profit in the Sep 2026 quarter, +28.7% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹19,332 Cr. Over 10 years profit has grown 31.2% a year on average. That is 25.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹4,948 Cr.

For the full year, FY26 profit was ₹19,332 Cr (+15.2% on the year before).

Why profit moved: revenue changed +22.8% on a year earlier and the margin moved +1.1 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +18.2% and revenue +19.0%. Profit and revenue are moving at about the same pace.

Bajaj Finance Ltd reported ₹24,546 Cr of income in the Sep 2026 quarter, +22.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 27.4% a year on average. The last full year, FY26, came in at ₹81,985 Cr.

For a bank, revenue is everything it earns: interest on its loans plus fees and other income.

Why this happened. The Bajaj Finserv consolidated story has historically been discounted relative to pure-play lending peers because insurance contributed low profits with high capital. Life 2.0 delivered VNB margin of 24.5% (the highest in the company's history) and the protection strategy continues: group protection grew approximately 100% in Q1 FY27 supported by MFI revival and over 20 new partners. AMC reached Rs 31,400 crore AUM, SIP book grew 66%, and non-group assets are 91%. Bajaj Markets generated operating revenue of Rs 107 crore in Q1 FY27, up 32%, with trail revenue of Rs 15 crore now building a recurring income base. Allianz buyback is complete; insurance dividends now flow exclusively to Bajaj…

The last four reported quarters add to ₹90,330 Cr.

FY26 revenue was ₹81,985 Cr, +19.1% on the year before.

Recent pace: the last four quarters grew +19.0% on average, against 27.4% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +19.1%, against +20.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +18.9%, against +19.7% a year (stabilising).

Bajaj Finance Ltd's net margin was 25.9% in the Sep 2026 quarter, 1.1 percentage points higher than the same quarter a year ago. Across 13 years it has been between 16.6% and 27.8%. The latest quarter is within that range.

Net margin is what the bank keeps from every ₹100 of revenue after every cost, provision for bad loans and tax. It is the clearest single margin we can read for a lender.

Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

Bajaj Finance Ltd's gross NPA, the share of loans that have stopped being repaid, is 1.06% in Sep 2026, down from 1.24% a year ago. After the money already set aside for bad loans, 0.42% is left (net NPA). Across the 12 quarters on file it has been between 0.85% and 1.24%.

Gross NPA is the share of the loan book where repayments have stopped. Net NPA is what is left after the money the lender has already set aside for those loans. Falling is good; rising is a warning.

Why this happened. ROE declined from 23% (FY23) to 18.2% (current) over three years, driven by elevated credit costs in two-wheeler and MSME segments and opex spending on AI and gold branches. The Opex/NTI ratio at Bajaj Finance was 33.4% in Q1 FY27 versus 33.1% a year ago, marginally higher due to gold branch expansion, but management guided a 25-40 basis-point improvement in the current financial year as AI implementation generates efficiencies. If credit costs normalise in FY27 (the GNPA trajectory suggests they are), PAT margins should recover from the 24-25% range back toward the FY23 level of 27-28%, driving ROE recovery toward 20-21%. The opex guidance is specific and range-bound, making it a…

Falling bad loans mean the loan book is healing; rising ones mean new damage.

In Sep 2026, gross NPA was 1.06% and net NPA 0.42%, against 1.24% and 0.60% a year ago.

In short: a lender's profit growth is only as good as its loans, and this loan book is better than a year ago. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up.

Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown.

Bajaj Finance Ltd's revenue was ₹81,985 Cr in FY26, +19.1% on the year before, so the loan book is growing. The latest quarter was +22.8% on a year earlier. The net margin on that income is 25.9%, +1.1 percentage points on a year ago.

We read the loan book through revenue: when the book grows, revenue grows with it. It is only a rough guide, because interest-rate changes and fee swings can move it a few points in any year.

Why this happened. Bajaj Finance reached AUM of Rs 5.47 lakh crore in Jun 2026, growing 24% year on year, up from 22% growth in Mar 2026. New loans booked were 1.6 crore in Q1 FY27. Net total income grew 22% to Rs 15,224 crore. The growth is broad-based across consumer credit, gold loans, housing finance (home loans up 20%, LRD up 41%), and SME. Gold loan branch expansion, the source of sequential Opex/NTI pressure, represents a secured-lending diversification away from the unsecured segments that drove the 2025 credit stress. At Rs 5.47 lakh crore, AUM to net total income yield is approximately 2.8%, providing consistent income visibility.

Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year.

In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses.

Bajaj Finance Ltd's P/BV is 5.0×, near the low end of its own history: it has been lower only 3% of the time. Its usual P/BV (the middle reading) is 7.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

For a bank or lender we compare the price with book value, the net worth on its balance sheet. P/BV is how many rupees the market pays for each ₹1 of that net worth. Below 1× means the market values it at less than its net worth.