āagman

Not investment advice. Data and computed figures, for information only.

Bajaj Finserv Ltd

NSE: BAJAJFINSVF&O
₹1,732.00
+₹10.30 (+0.60%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹2,77,910 Cr
CMP
₹1,732.00
52-wk High / Low
₹2,195 / 1,597
P/E
27.0
P/B
3.6
Book Value
₹487.0
Div Yield
0.09%
ROCE
11.0%
ROE
13.2%
Face Value
₹1
D/E
5.52

Price−13.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹819
√(22.5 × EPS × book value per share)
ROIC
8.0%
vs 10.0% sector median
Cash flow to profit
−2.81
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+21
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
12.9%
ROE × earnings retention ratio
ROE stability
2.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.33DII +0.35
Latest quarter vs the previous one
Cash-accrual divergence
10.6%
of assets
Low = accruals track cash flow
Strengths
+Annualised volatility of 24.6% is in the low band (≤25%)
Watch-outs
−Borrowings are up 1092.2% since FY2016 (36062 to 429914)
−Price trades below its 200-day moving average (0.9x)
−Promoter holding fell by 2.1pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)
−Balance-sheet accruals of 10.6% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales23,28026,02329,03832,04131,48033,70432,04236,43335,28837,40339,70838,49442,037
Expenses13,93516,07318,60121,10819,65521,42019,66923,70520,97323,35225,84223,98324,896
Operating Profit9,3459,95010,43810,93311,82512,28312,37312,72814,31514,05013,86614,51117,141
OPM %40.1%38.2%35.9%34.1%37.6%36.4%38.6%34.9%40.6%37.6%34.9%37.7%40.8%
Other Income302433310133−378255
Interest4,0204,4494,7775,1545,5926,0466,2766,3966,8076,9017,2327,2917,834
Depreciation202209232257267275288339317327330317380
Profit before tax5,1255,2925,4315,5275,9685,9665,8126,0027,2046,8255,9266,9288,932
Net Profit3,7093,7564,0454,0854,2094,1804,4124,7565,3294,7464,3685,2266,297
EPS (₹)12.2012.0913.5213.2813.3913.0713.9715.1417.4614.0413.9515.8619.57

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales11,33520,53324,50732,86242,60554,35160,59268,40682,0721,10,3821,32,9441,50,5301,57,642
Expenses5,82313,79515,79422,07427,56936,09440,95046,95152,20469,49783,42093,43398,074
Operating Profit5,5116,7398,71310,78815,03718,25819,64121,45529,86840,88649,52457,09859,568
OPM %48.6%32.8%35.6%32.8%35.3%33.6%32.4%31.4%36.4%37.0%37.3%37.9%37.8%
Other Income800120−781−4−18−382−344
Interest2,2302,8773,7164,5316,6579,5009,2749,62912,38018,60724,58728,54129,259
Depreciation3858731602264574985636789001,1701,2911,354
Profit before tax3,2513,8044,9256,0998,1558,3029,86211,27116,81121,37523,74826,88328,612
Net Profit2,4092,7753,4504,1765,3745,9947,3678,31412,21015,59517,55819,66920,637
EPS (₹)10.6211.7114.2116.6520.2321.1728.0928.6340.2951.0755.5761.2463.42

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital8080808080808080159159160160—
Reserves11,00913,51916,07120,40323,66031,22235,75040,16746,24860,16972,23677,755—
Borrowings26,31236,06248,28265,69599,7541,27,2121,28,4611,61,1792,12,2652,88,9333,55,8554,29,914—
Other Liabilities50,82754,29064,18175,33784,93492,7911,15,5541,31,9871,46,7291,88,1542,23,2692,50,666—
Total Liabilities88,2281,03,9511,28,6141,61,5142,08,4282,51,3042,79,8453,33,4134,05,4015,37,4156,51,5197,58,495—
Fixed Assets1,2611,2741,6451,7922,0973,2163,1823,5864,3365,4556,2976,729—
CWIP3114286645129113191220314321—
Investments51,36753,69862,65869,42881,67991,8211,13,6541,19,2221,36,1761,70,1271,90,1301,94,414—
Other Assets35,59848,96964,30690,2661,24,5871,56,2231,62,8792,10,4932,64,6983,61,6134,54,7785,57,031—
Total Assets88,2281,03,9511,28,6141,61,5142,08,4282,51,3042,79,8453,33,4134,05,4015,37,4156,51,5197,58,495—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−9,807−10,731−9,795−10,922−19,580−27,076−23,3694,547−33,670−39,480−65,502−61,750−55,301
Cash from Investing Activity3,7643,709−886151−922−6,903−9,948−3,6841,445−13,945−14,132−7,987−12,635
Cash from Financing Activity6,5216,83911,60212,51319,59034,53534,4791,68732,32651,01682,70969,82866,610
Net Cash Flow478−1839211,742−9115551,1622,551101−2,4093,07592−1,326

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.015.014.014.013.013.011.010.010.011.012.011.011.0
ROE %————————————13.2
EPS (₹)9.7110.6211.7114.2116.6520.2321.1728.0928.6340.2951.0755.5761.24
Book Value (₹)————————————487.0
Face Value (₹)————————————1
P/E————————————27.0
Div Yield %————————————0.09
NPM %—21.213.514.112.712.611.012.212.214.914.113.213.1
OPM %75.049.033.036.033.035.034.032.031.036.037.037.038.0
D/E—2.372.652.993.214.204.063.594.004.574.794.925.52
P/B————————————3.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+22.0%
5 years+20.0%
3 years+22.0%
TTM+15.0%
Compounded profit growth
10 years+18.0%
5 years+17.0%
3 years+16.0%
TTM+8.0%
Stock price CAGR
10 years+19.0%
5 years−1.0%
3 years+2.0%
Last year−13.0%
Return on equity
10 years14.0%
5 years14.0%
3 years14.0%
Last year13.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.35%58.35%58.35%58.37%60.80%60.80%60.77%60.78%60.69%60.64%58.72%58.72%
FIIs8.22%8.22%7.82%8.30%8.62%9.07%8.50%7.03%8.42%7.53%7.23%6.90%
DIIs6.39%6.39%7.03%6.50%6.24%6.09%6.97%7.10%7.33%8.99%11.76%12.11%
Government————————————
Public27.04%27.04%26.80%26.81%24.15%23.87%23.65%24.95%23.38%22.71%22.16%22.23%
No. of shareholders67,34867,34894,27099,5121,71,1881,94,1742,43,8537,36,5965,67,0417,08,8456,01,4575,97,797
Change since Jun 2023 (pp)
Promoters +0.37FIIs −1.32DIIs +5.72Public −4.81

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30 September 2026.Announcement under Regulation 30 (LODR)-AcquisitionAnnouncement under Regulation 30 (LODR)-Change in ManagementClosure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJul 2026PPTMay 2026TranscriptMay 2026PPTApr 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026Recording

Corporate actions

As of 30 Jun 2026
30 Jun 2026DIVIDENDDividend - Rs 1.50 Per Share—
27 Jun 2025DIVIDENDDividend - Re 1 Per Share—
21 Jun 2024DIVIDENDDividend - Re 1 Per Share—
30 Jun 2023DIVIDENDDividend - Rs 0.80 Per Share—
13 Sep 2022BONUSBonus 1:1—
13 Sep 2022SPLITFace Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Share5 : 1
30 Jun 2022DIVIDENDDividend - Rs 4 Per Share—
8 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
3 Mar 2020DIVIDEND Interim Dividend - Rs 5 Per Share—
11 Jul 2019DIVIDEND Annual General Meeting/ Dividend - Rs 2.50 Per Share—
5 Jul 2018DIVIDEND Annual General Meeting / Dividend- Rs 1.75 Per Share—
16 Mar 2016DIVIDEND Interim Dividend - Rs 1.75/- Per Share (Purpose Revised)—
9 Jul 2015DIVIDENDAnnual General Meeting/Dividend Rs 1.75 Per Share—
3 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 1.75/- Per Share—
4 Jul 2013DIVIDENDAnnual General Meeting / Dividend Rs.1.50/- Per Equity Share—
6 Sep 2012RIGHTSRights 1:10 @ Premium Rs.645/- Per Share—
5 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Rs.1.50 Per Share—
29 Jun 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.25 Per Share—
8 Jul 2010DIVIDENDAnnual General Meeting / Dividend Re. 1 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman