āagman

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

Bajaj Finance Ltd

NSE: BAJFINANCEF&O
₹965.25
+₹8.25 (+0.86%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹5,97,692 Cr
CMP
₹965.25
52-wk High / Low
₹1,176 / 788
P/E
29.2
P/B
5.3
Book Value
₹183.0
Div Yield
0.56%
ROCE
10.9%
ROE
18.0%
Face Value
₹1
D/E
3.82

Price−5.7% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
1
/ 9
1 of 9 F-score tests passed
Graham Number
₹355
√(22.5 × EPS × book value per share)
Cash flow to profit
−3.40
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
15.1%
ROE × earnings retention ratio
ROE stability
1.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.04FII −1.55DII +1.86
Latest quarter vs the previous one
Cash-accrual divergence
16.6%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 0.6pp over the last year
Watch-outs
−Borrowings are up 1075.2% since FY2016 (37025 to 435112)
−Price trades below its 200-day moving average (1.0x)
−Promoter holding fell by 1.2pp over the last year
−Piotroski F-Score of 1/9 is in the weak band (≤3)
−Balance-sheet accruals of 16.6% 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
Sales12,49813,38214,16414,92616,10017,09118,03518,29419,52420,17921,01321,60623,165
Expenses3,6933,9314,2294,4204,9565,3385,6915,8655,9926,3077,7376,5536,793
Operating Profit—————————————
OPM %—————————————
Other Income525957262155−262116
Interest4,1034,5374,8685,2175,6846,1496,3866,5516,9187,0117,3397,3987,942
Depreciation156159176193200210219252251258244256288
Profit before tax4,5514,7584,8965,1055,2655,4015,7655,6476,3686,6085,4317,4108,149
Net Profit3,4373,5513,6393,8253,9124,0144,3084,5464,7654,9484,0665,5536,081
EPS (₹)5.675.865.896.186.326.466.867.217.567.846.398.789.61

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
Sales5,3927,2999,97012,74618,48726,37526,67331,63341,41154,97268,83281,98585,964
Expenses1,7522,3543,2504,1155,4549,15910,83911,88012,69316,09920,87825,99827,390
Operating Profit—————————————
OPM %—————————————
Other Income263522101383−17−56−2−263−240
Interest2,2742,9593,8534,6966,7239,6089,5199,84812,70118,88624,99128,89929,690
Depreciation3656711021442953253854856838811,0091,045
Profit before tax1,3571,9652,8173,8436,1797,3225,9929,50415,52819,31022,08025,81727,598
Net Profit8981,2791,8362,4963,9955,2644,4207,02811,50814,45116,77919,33220,648
EPS (₹)1.792.373.344.326.918.757.3311.6119.0123.3526.7730.5632.62

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital5054109115115120120121121124124622—
Reserves4,7507,3739,49115,73319,58232,20836,79843,59254,25176,57296,5691,13,377—
Other Liabilities1,3252,5224,8812,3932,9482,2572,9183,5614,1645,7008,18510,841—
Total Liabilities32,78046,97363,73184,7981,24,2331,64,3911,71,4702,12,5052,75,2263,75,7424,66,1275,59,952—
Fixed Assets2522903664706951,3211,3161,7162,3083,2503,7803,947—
CWIP0000005134804341119—
Investments3261,0294,0703,1398,59917,54418,39712,24622,75230,88134,44130,578—
Other Assets32,20145,65459,29581,1891,14,9391,45,5261,51,7071,98,5092,50,0873,41,5684,27,8655,25,309—
Total Assets32,78046,97363,73184,7981,24,2331,64,3911,71,4702,12,5052,75,2263,75,7424,66,1275,59,952—
Borrowing26,65537,02549,25066,5571,01,5881,29,8061,31,6341,65,2322,16,6902,93,3463,61,2494,35,112—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−7,064−9,870−10,439−20,566−29,062−24,412−807−37,029−42,112−72,760−67,792−65,790
Cash from Investing Activity−360−687−3,0471,075−5,379−8,758−4296,347−10,394−7,171−2,765−3,389
Cash from Financing Activity6,86711,65612,51319,50334,44934,1671,74132,24050,67582,41570,16567,433
Net Cash Flow−5571,100−9721399985051,558−1,8312,484−392−1,746

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %———————————10.9
ROE %19.021.022.020.022.020.013.017.023.022.019.018.0
EPS (₹)1.792.373.344.326.918.757.3311.6119.0123.3526.7730.56
Book Value (₹)———————————183.0
Face Value (₹)———————————1
P/E———————————29.2
Div Yield %———————————0.56
NPM %16.617.418.419.621.620.016.622.227.826.324.423.7
OPM %————————————
D/E5.554.995.134.205.164.023.573.783.993.823.743.82
P/B———————————5.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+27.0%
5 years+25.0%
3 years+26.0%
TTM+18.0%
Compounded profit growth
10 years+31.0%
5 years+34.0%
3 years+19.0%
TTM+18.0%
Stock price CAGR
10 years+25.0%
5 years+4.0%
3 years+6.0%
Last year−6.0%
Return on equity
10 years19.0%
5 years20.0%
3 years20.0%
Last year18.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters57.94%57.94%57.94%55.14%55.17%56.20%56.12%55.86%55.91%54.69%54.73%54.71%54.67%
FIIs19.26%19.26%19.26%19.46%20.67%21.16%24.06%21.41%19.16%20.55%21.45%21.33%19.78%
DIIs5.36%5.36%5.36%8.98%8.50%10.89%9.08%11.22%12.92%14.33%14.78%15.10%16.96%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.07%0.07%0.08%0.08%0.09%
Public16.89%16.89%16.89%15.94%15.47%11.46%10.57%11.15%11.75%10.19%8.84%8.73%8.46%
No. of shareholders94,63394,63394,6331,31,9591,68,4203,54,9014,64,3947,18,6388,90,7067,99,1997,05,61010,02,9459,52,483
Change since Jun 2023 (pp)
Promoters −3.27FIIs +0.52DIIs +11.60Public −8.43

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationNotice Of The Extraordinary General Meeting Under Regulation 30 Of SEBI (LODR) Regulations 2015.Announcement under Regulation 30 (LODR)-AllotmentCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Board Meeting Intimation for Considering And Approving Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended 30 September 2026
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptApr 2026TranscriptApr 2026PPTApr 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingDec 2025TranscriptDec 2025PPTDec 2025Recording

Corporate actions

As of 30 Jun 2026
30 Jun 2026DIVIDENDDividend - Rs 6 Per Share—
16 Jun 2025SPLITFace Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share2 : 1
16 Jun 2025BONUSBonus 4:1—
30 May 2025DIVIDENDDividend - Rs 44 Per Share—
9 May 2025DIVIDENDSpecial Dividend - Rs 12 Per Share—
21 Jun 2024DIVIDENDDividend - Rs 36 Per Share—
30 Jun 2023DIVIDENDDividend - Rs 30 Per Share—
30 Jun 2022DIVIDENDDividend - Rs 20 Per Share—
8 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 10 Per Share—
3 Mar 2020DIVIDEND Interim Dividend - Rs 10 Per Share—
11 Jul 2019DIVIDEND Annual General Meeting/ Dividend - Rs 6 Per Share—
5 Jul 2018DIVIDEND Annual General Meeting / Dividend- Rs 4 Per Share—
6 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 3.60/- Per Share—
8 Sep 2016SPLIT Bonus 1:1/Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share—
14 Jul 2016DIVIDEND Dividend Rs 7/- Per Share—
16 Mar 2016DIVIDEND Interim Dividend - Rs 18/- Per Share (Purpose Revised)—
9 Jul 2015DIVIDENDAnnual General Meeting / Dividend - Rs 18/- Per Share—
3 Jul 2014DIVIDENDAnnual General Meeting And Dividend Rs.16/- Per Share—
4 Jul 2013DIVIDENDAnnual General Meeting And Dividend Rs.15/- Per Share—
23 Jan 2013RIGHTSRights 3:19 @ Premium Rs 1090 Per Share—
5 Jul 2012DIVIDENDAnnual General Meeting And Dividend - Rs.12/- Per Share—
29 Jun 2011DIVIDENDAnnual General Meeting And Dividend Rs.10/- Per Share—
8 Jul 2010DIVIDENDAnnual General Meeting And Dividend Rs.6/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman