# Bajaj Finance share price today (Bajaj Finance Ltd, NSE: BAJFINANCE)

> Bajaj Finance share price today: ₹994.00 at the NSE close on 4 November 2026, down 6.8% in a year. Bajaj Finance (NSE: BAJFINANCE) is worth ₹6,18,925 crore, trades at a P/BV of 5.0 and has closed between ₹826.85 and ₹1,141.20 over the past 52 weeks. > Bajaj Finance Ltd's results are improving, while its P/BV is near the low end of its own history over 11 years, higher than only 3% of past readings. BAJFINANCE · Conglomerate Backed NBFC · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/bajaj-finance-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹994.00 (−6.8% in a year)
- P/BV: 5.0× (lower than 97% of the last 11 years)
- Revenue (Sep 2026): ₹24,546 Cr (+22.8% on a year ago)
- Profit (Sep 2026): ₹6,367 Cr (+28.7% on a year ago)
- Net margin: 25.9% (+1.1 points on a year ago)
- ROE: 18%, FY26
- Gross NPA (bad loans): 1.06% (−0.18 points on a year ago)

Biggest thing to watch: the price has already been rising for 17 weeks, so timing is the risk more than the business. ## What is the 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. 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. ## What changed at Bajaj Finance this quarter? 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. ## What are Bajaj Finance's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹24,546 crore | ₹19,990 crore | +22.8% |
| Profit | ₹6,367 crore | ₹4,948 crore | +28.7% |
| Earnings per share | ₹10.06 | ₹7.84 | +28.3% |
| Net margin | 25.9% | 24.8% | +1.1 points |
| Gross bad loans (gross NPA) | 1.06% | 1.24% | −0.18 points |

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.)

## What is the Bajaj Finance share price history? 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹939.10 | +5.8% |
| 1 month ago · 1 Oct 2026 | ₹948.30 | +4.8% |
| 6 months ago · 8 May 2026 | ₹955.35 | +4.0% |
| 1 year ago · 7 Nov 2025 | ₹1,066.60 | −6.8% |
| 3 years ago · 3 Nov 2023 | ₹741.15 | +34.1% |
| 5 years ago · 4 Nov 2021 | ₹752.51 | +32.1% |
| 10 years ago · 4 Nov 2016 | ₹99.32 | +900.8% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹64.00 | +1,453.1% |
| Highest weekly close since March 2016, also the 52-week high · 31 Jul 2026 | ₹1,141.20 | −12.9% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹826.85 | +20.2% |

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.)

## What is the latest news on Bajaj Finance? 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.)

## What dividend does Bajaj Finance pay? 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 30 Jun 2026 | ₹6 | Dividend | same day |
| 30 May 2025 | ₹44 | Dividend | same day |
| 9 May 2025 | ₹12 | Special | same day |
| 21 Jun 2024 | ₹36 | Dividend | same day |
| 30 Jun 2023 | ₹30 | Dividend | same day |
| 30 Jun 2022 | ₹20 | Dividend | 1 Jul 2022 |
| 8 Jul 2021 | ₹10 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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.)

## What did Bajaj Finance management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/23/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 19 October 2026.)

## What could change the Bajaj Finance story? What are the risks? 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.)

## What to watch in Bajaj Finance's next results? 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. - What to check (from the call)
- MSME H2 growth pickup - check whether revised origination cohorts translate into portfolio growth without renewed GNPA pressure. - Gold-loan stage-2 normalization - track reversals after short-tenor exit and uptake of longer-tenor products. - District-level pruning - monitor Maharashtra and other affected pockets for stabilization or wider origination cuts. - B2B model validation - check January-vintage performance before any B2C rollout. ## Which stock lists is Bajaj Finance on? Bajaj Finance is on one of our India lists: Nifty 50 companies. [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)

## Is Bajaj Finance profitable? 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. 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. ## How much revenue does Bajaj Finance make, and is it growing? 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. 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). ## How much does Bajaj Finance keep from what it earns? 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. 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. ## How many of Bajaj Finance's loans have gone bad? 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%. 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. ## How fast is Bajaj Finance's loan book growing? 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. 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. ## What is Bajaj Finance's P/BV ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year book value grew while the price moved −6.8%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved +5.7% a year; about +24.7% a year came from book-value growth and about −19.0 percentage points from the multiple (the market paying less); over 10 years the price moved +25.9% a year; about +30.3% a year came from book-value growth and about −4.4 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. ## What growth does the Bajaj Finance share price assume? Worked out from its price on 25 August 2026, Bajaj Finance Ltd's share price assumed profit growth of about 20.8% a year. Over the past 10 years its profit actually grew 31.2% a year. Today its P/BV is 5.0×, lower than 97% of its own last 11 years. This is a one-day reading, taken on 25 August 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Bajaj Finance business getting better or worse? Bajaj Finance Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROE is steady at 17.5%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Bajaj Finance story, and has it been checked? Bajaj Finance Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: Not stated in the research file. Our read, 22 August 2026. What is proven. What is not proven yet. What would change our mind. What the company does. Jun 2026 results confirmed the credit cycle has peaked: GNPA improved to 0.96%, PAT grew 27.6%, and loan-loss to AUM fell from 1.9% to 1.5%. What the surface reading misses. What the surface reading misses. The surface reading is: ROE declining, management quality or earnings deterioration. The research reads it further: ROE fell because of cyclical elevated credit costs in MSME and two-wheeler segments plus scale dilution. At 18.2%, ROE sits below the 10-year median but above the FY22 COVID-cycle low of 17%, suggesting the current level is cyclically depressed rather than at the structural floor. Sources: our stock research file (22 August 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Bajaj Finance management deliver what it promised? What Bajaj Finance Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. FY27 Growth Goals Raised Materially · 19 October 2026. In April 2026, management guided to 20% to 24% AUM growth and 15 - 17 million new customers for FY27, but in October 2026 it raised those goals to 26% to 27% growth and 18 million to 20 million customers. The latest call cites first-half momentum and the early festive season, but does not provide a quantified bridge explaining why the prior goals were no longer appropriate. Long-Term ROE Range Lowered · 19 October 2026. The April 2026 call gave a long-term ROE outcome of 20% to 22%, while October 2026 stated 19% to 21%, lowering both ends of the range by one percentage point. AI Agent Goal Below Earlier Commitment · 19 October 2026. The February 2026 call expected 800+ autonomous agents in the next fiscal, while the October 2026 call states 600 agents for the year. Because the latest call does not explain the lower goal or a change in scope, an analyst cannot tell whether this reflects a delivery shortfall or a redefinition of the metric. MSME Recovery Growth Expectation Progressively Downgraded · 29 April 2026. In the Nov 2025 call, management expected MSME to be back in 'growth mode' by March-June 2026. By Feb 2026, the goal was upgraded to the business being 'back in the 20s' growth by Q1-Q2 FY27. The Apr 2026 call reveals MSME grew only 6% for full-year FY26 and management now expects only double-digit growth - not 20s - by Q2-Q3 FY27, a material step-down from the Feb 2026 guidance without explicit new justification beyond 'proactive risk actions' already cited in prior calls, directly impacting modelling of MSME's contribution to portfolio mix and overall AUM growth quality. Every quote above is taken word for word from the company’s own earnings calls. ## What is Bajaj Finance management's track record? Management reduced stressed unsecured growth, maintained capital buffers and then delivered improving bad loans and loan-loss cost through the trough. ### Regulatory and governance record

No current fraud action surfaced; an older RBI penalty of ₹8.50 lakh concerned delayed fraud-monitoring reports. 0% Promoter shares pledged

Sources:

- [cms-assets.bajajfinserv.in](https://cms-assets.bajajfinserv.in/is/content/bajajfinance/bajaj-finance-q3-fy26-investor-presentation?scl=1&fmt=pdf)
- [moneylife.in](https://www.moneylife.in/article/rbi-slaps-rs850-lakh-penalty-on-bajaj-finance/72300.html)
- [indiainfoline.com](https://www.indiainfoline.com/company/bajaj-finance-ltd/reports/auditors-report)

(Checked 30 August 2026.)

## How much does Bajaj Finance earn on its equity and assets? Bajaj Finance Ltd earned a return on equity of 18% in FY26. Its lowest yearly reading on file was 13% in FY21. On its assets, every ₹100 earned about ₹3.84, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That is above the level a bank needs to grow its net worth steadily. Why ROE moved: profit grew 31.2% a year over 10 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does Bajaj Finance have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Bajaj Finance shareholding pattern? Domestic institutions raised their stake in Bajaj Finance Ltd by 2.0 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 17.0% of the company. Foreign institutions moved −1.0 points over the same period, to 19.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +2.0 points over 8 quarters, to 17.0%; Foreign institutions: −1.0 points over 8 quarters, to 19.8%; Promoters: +0.0 points over 8 quarters, to 54.7%. Why the owners changed: domestic institutions drove it (+2.0 points), with the other side taken by foreign institutions (−1.0 points). They raised their stake step by step. ## How far is Bajaj Finance from balance-sheet trouble? For Bajaj Finance Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Bajaj Finance rank in its industry? 57.5 out of 100, rank 4 of 9 in Conglomerate Backed NBFC, with 100% of the evidence available. Bajaj Finance Ltd scores 57.5 out of 100 against the 9 companies it is compared with in Conglomerate Backed NBFC, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 14.7 + 23.8 + 8.8 + 10.2 = 57.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Bajaj Finance compared with? Bajaj Finance ranks 4 of 9 Conglomerate Backed NBFC companies on the 4-Factor Sector Score, with 57.5 out of 100. 1. [Cholamandalam Investment & Finance Company Ltd](https://www.sectoralpha.in/stocks/cholamandalam-investment-finance-company-ltd) CHOLAFIN · quiet · Evidence leans up · 88% evidence 63.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Income 20.7% · Profit 33.9% · 86% evidence Capital efficiency 19.9/25 · ROA 2.3% · ROE 19.4% · GNPA n/a · 72% evidence Valuation 10.4/20 · P/BV 3.93× · P/BV÷ROE 0.2 · 100% evidence Relative strength 9.3/20 · Lead over its industry 3% · Lead over NIFTY 500 -0.3% · 1 year -6.5% · 100% evidence · 6 of 12 weeks ahead Exact sum: 23.4 + 19.9 + 10.4 + 9.3 = 63 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Poonawalla Fincorp Ltd](https://www.sectoralpha.in/stocks/poonawalla-fincorp-ltd) POONAWALLA · turning · Evidence leans up · 79% evidence 62.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/35 · Income 75% · Profit 100% · 62% evidence Capital efficiency 10.8/25 · ROA 1.8% · ROE 5.9% · GNPA n/a · 68% evidence Valuation 3.9/20 · P/BV 2.96× · P/BV÷ROE 0.51 · 100% evidence Relative strength 20.0/20 · Lead over its industry 12.8% · Lead over NIFTY 500 9.2% · 1 year -4.2% · 100% evidence · 8 of 12 weeks ahead Exact sum: 27.4 + 10.8 + 3.9 + 20 = 62.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Aditya Birla Capital Ltd](https://www.sectoralpha.in/stocks/aditya-birla-capital-ltd) ABCAPITAL · quiet · Evidence leans up · 88% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Income 23.8% · Profit 34% · 86% evidence Capital efficiency 10.9/25 · ROA 1.2% · ROE 12% · GNPA n/a · 72% evidence Valuation 8.8/20 · P/BV 2.37× · P/BV÷ROE 0.2 · 100% evidence Relative strength 16.9/20 · Lead over its industry 10.6% · Lead over NIFTY 500 7% · 1 year 14% · 100% evidence · 7 of 12 weeks ahead Exact sum: 23.7 + 10.9 + 8.8 + 16.9 = 60.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. Bajaj Finance Ltd this page BAJFINANCE · quiet · Evidence leans up · 100% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Income 19.1% · Profit 18.9% · 100% evidence Capital efficiency 23.8/25 · ROA 3.5% · ROE 18.2% · GNPA 1.1% · 100% evidence Valuation 8.8/20 · P/BV 4.74× · P/BV÷ROE 0.26 · 100% evidence Relative strength 10.2/20 · Lead over its industry 4% · Lead over NIFTY 500 0.7% · 1 year -9.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 14.7 + 23.8 + 8.8 + 10.2 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [HDB Financial Services Ltd](https://www.sectoralpha.in/stocks/hdb-financial-services-ltd) HDBFS · quiet · Evidence leans up · 72% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Income 11.2% · Profit 37.5% · 100% evidence Capital efficiency 17.9/25 · ROA 2.3% · ROE 13.9% · GNPA n/a · 72% evidence Valuation 11.4/20 · P/BV 1.87× · P/BV÷ROE 0.14 · 70% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -23.3% · 1 year -31.8% · 25% evidence · 2 of 12 weeks ahead Exact sum: 20.5 + 17.9 + 11.4 + 7.5 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Tata Capital Ltd](https://www.sectoralpha.in/stocks/tata-capital-ltd) TATACAP · quiet · Too little evidence to rank firmly · 58% evidence 51.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Income 14.4% · Profit 47% · 62% evidence Capital efficiency 15.1/25 · ROA 2.1% · ROE 12.4% · GNPA n/a · 68% evidence Valuation 8.4/20 · P/BV 2.78× · P/BV÷ROE 0.22 · 70% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.5% · 1 year -2.3% · 25% evidence · 5 of 12 weeks ahead Exact sum: 18.4 + 15.1 + 8.4 + 9.5 = 51.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [Piramal Finance Ltd](https://www.sectoralpha.in/stocks/piramal-finance-ltd) PIRAMALFIN · quiet · Evidence leans down · 69% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Income 19.4% · Profit 100% · 52% evidence Capital efficiency 8.6/25 · ROA 1.7% · ROE 0.9% · GNPA n/a · 68% evidence Valuation 3.2/20 · P/BV 1.39× · P/BV÷ROE 1.62 · 100% evidence Relative strength 12.4/20 · Lead over its industry 4% · Lead over NIFTY 500 0.6% · 1 year 37.3% · 70% evidence · 7 of 12 weeks ahead Exact sum: 23 + 8.6 + 3.2 + 12.4 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [L&T Finance Ltd](https://www.sectoralpha.in/stocks/l-t-finance-ltd) LTF · quiet · Evidence leans down · 88% evidence 45.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.7/35 · Income 19.9% · Profit 27.4% · 86% evidence Capital efficiency 14.6/25 · ROA 2.2% · ROE 11.2% · GNPA n/a · 72% evidence Valuation 10.0/20 · P/BV 2.09× · P/BV÷ROE 0.19 · 100% evidence Relative strength 0.8/20 · Lead over its industry -8.3% · Lead over NIFTY 500 -11.3% · 1 year -9.6% · 100% evidence · 6 of 12 weeks ahead Exact sum: 19.7 + 14.6 + 10 + 0.8 = 45.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Jio Financial Services Ltd](https://www.sectoralpha.in/stocks/jio-financial-services-ltd) JIOFIN · quiet · Most evidence points down · 73% evidence 31.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.2/35 · Income 100% · Profit 4.9% · 86% evidence Capital efficiency 6.5/25 · ROA 0.9% · ROE 1.2% · GNPA n/a · 72% evidence Valuation 3.8/20 · P/BV 1.04× · P/BV÷ROE 0.87 · 100% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.6% · 1 year -33.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 13.2 + 6.5 + 3.8 + 7.9 = 31.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Conglomerate Backed NBFC](https://www.sectoralpha.in/sectors/conglomerate-backed-nbfc), all 9 compared on one page. ## Which companies are close to Bajaj Finance in size? Bajaj Finance is the largest of 9 Conglomerate Backed NBFC companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Tata Capital, Cholamandalam Investment & Finance Company, Jio Financial Services, Aditya Birla Capital, L&T Finance and Piramal Finance. ### Conglomerate Backed NBFC companies close in size

1. Bajaj Finance Ltd ₹5,84,679 crore
2. [Tata Capital Ltd](https://www.sectoralpha.in/stocks/tata-capital-ltd) ₹1,35,793 crore
3. [Cholamandalam Investment & Finance Company Ltd](https://www.sectoralpha.in/stocks/cholamandalam-investment-finance-company-ltd) ₹1,35,517 crore
4. [Jio Financial Services Ltd](https://www.sectoralpha.in/stocks/jio-financial-services-ltd) ₹1,35,034 crore
5. [Aditya Birla Capital Ltd](https://www.sectoralpha.in/stocks/aditya-birla-capital-ltd) ₹1,01,156 crore
6. [L&T Finance Ltd](https://www.sectoralpha.in/stocks/l-t-finance-ltd) ₹61,256 crore
7. [Piramal Finance Ltd](https://www.sectoralpha.in/stocks/piramal-finance-ltd) ₹42,996 crore

[All 9 Conglomerate Backed NBFC companies, largest first](https://www.sectoralpha.in/sectors/conglomerate-backed-nbfc#all-companies)

### Companies close in size in other industries

1. [Tata Consultancy Services Ltd](https://www.sectoralpha.in/stocks/tata-consultancy-services-ltd) ₹9,05,463 crore · IT - Software
2. [State Bank of India](https://www.sectoralpha.in/stocks/state-bank-of-india) ₹8,87,861 crore · Banks - PSU
3. Bajaj Finance Ltd ₹5,84,679 crore
4. [Larsen & Toubro Ltd](https://www.sectoralpha.in/stocks/larsen-toubro-ltd) ₹5,32,713 crore · Infra - Construction & Contracting
5. [Life Insurance Corporation of India](https://www.sectoralpha.in/stocks/life-insurance-corporation-of-india) ₹4,84,811 crore · Finance - Insurance

## What else do people ask about Bajaj Finance? ### What is Bajaj Finance's share price today? Bajaj Finance Ltd's share price is ₹994.00, −6.8% over the past year. The whole company is worth ₹6,18,925 Cr on the market. In the last 52 weeks it traded between ₹827 to ₹1,141; today it is 53% of the way up from the low, 1.2% above its 200-day average (as of 4 November 2026). ### What were Bajaj Finance's latest quarterly results? Bajaj Finance Ltd reported total income of ₹24,546 Cr and net profit of ₹6,367 Cr for the Sep 2026 quarter. Income rose 22.8% and profit rose 28.7% compared with a year earlier. Earnings per share were ₹10.06. The net margin was 25.9%, 1.1 percentage points higher than a year earlier (as of 4 November 2026). ### What is Bajaj Finance's market cap? Bajaj Finance Ltd's market capitalisation is ₹6,18,925 Cr at a share price of ₹994.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Bajaj Finance performing? Bajaj Finance Ltd's share price has been rising for 17 weeks. In its latest quarter, income rose 22.8% and profit rose 28.7% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running (as of 4 November 2026). ### Will Bajaj Finance's share price go up? This page does not forecast Bajaj Finance Ltd's share price. What it shows instead: the share price is ₹994.00, and it has been rising for 17 weeks. Its P/BV of 5.0× is higher than 3% of its own last 11 years (as of 4 November 2026). ### Who owns Bajaj Finance? Promoters own 54.7% of Bajaj Finance Ltd, foreign institutions 19.8%, domestic institutions 17.0% and the public 8.5% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 2.0 percentage points over 8 quarters (as of 4 November 2026). ### Where is Bajaj Finance in its business cycle? Bajaj Finance Ltd's FY26 net margin was 23.6%, against a 13-year range of 16.6% to 27.8%: the middle of its own range, neither a peak nor a low. The latest quarter was 25.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Bajaj Finance story? Biggest thing to watch: the price has already been rising for 17 weeks, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Bajaj Finance a stock worth studying right now? What the numbers show: Bajaj Finance Ltd's results are improving, while its P/BV is near the low end of its own history over 11 years, higher than only 3% of past readings. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Bajaj Finance share price forecast for 2026? What management itself guided: FY27 AUM growth 26-27%; medium-term AUM 23-25%, long-term profit growth 22-25% and ROE 19-21%. What would change the story: GNPA rises above 1.10% in Sep 2026, reversing the two-quarter improvement and confirming the credit-cost peak was seasonal rather than structural. ### Where does this page get Bajaj Finance's management information? From Bajaj Finance's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list

This is research, not advice. We’re not SEBI-registered.