Bajaj Finserv Ltd (BAJAJFINSV) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.44%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 6.9%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 13.2%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹1,780.43

200-Day DMA ● Overlay

₹1,651.28

14-Day RSI ● Overlay

53.5 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹2.78 Lakh Cr

Large cap

Stock P/E (TTM) Valuation

27.0x

Price / EPS

Book Value (₹) Assets

₹487.0

P/B: 3.6x

ROE (%) Quality

13.2%

Net Profit / Equity

ROCE (%) Efficiency

10.6%

EBIT / Capital

Dividend Yield Yield

0.09%

Face Value: ₹10

Debt / Equity Solvency

5.52x

Manageable

EPS (TTM) Per Share

₹64.17

Trailing 12M

OPM (%) Spread

38.0%

EBITDA Margin

Free Cash Flow Cash

-₹56,619 Cr

CFO - Capex

About Bajaj Finserv Ltd

Bajaj Finserv Ltd (BAJAJFINSV) is an Indian publicly listed company operating in the Financial Services sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 27.4% × Turnover: 0.85x × Leverage: 6.52x = ROE: 13.2%

✓ Company Strengths (Pros)

• Maintains healthy operating profit margins of ~38.0%.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 5.52x.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹1.58 Lakh Cr

Latest PAT

₹20,637 Cr

EPS (TTM)

₹64.17

OPM %

38.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹23,280 Cr	₹26,023 Cr	₹29,038 Cr	₹32,041 Cr	₹31,480 Cr	₹33,704 Cr	₹32,042 Cr	₹36,433 Cr	₹35,288 Cr	₹37,403 Cr	₹39,708 Cr	₹38,494 Cr	₹42,037 Cr
Operating Profit (EBITDA)	₹9,345 Cr	₹9,950 Cr	₹10,438 Cr	₹10,933 Cr	₹11,825 Cr	₹12,283 Cr	₹12,373 Cr	₹12,728 Cr	₹14,315 Cr	₹14,050 Cr	₹13,866 Cr	₹14,511 Cr	₹17,141 Cr
OPM %	40.0%	38.0%	36.0%	34.0%	38.0%	36.0%	39.0%	35.0%	41.0%	38.0%	35.0%	38.0%	41.0%
Interest Expense	₹4,020 Cr	₹4,449 Cr	₹4,777 Cr	₹5,154 Cr	₹5,592 Cr	₹6,046 Cr	₹6,276 Cr	₹6,396 Cr	₹6,807 Cr	₹6,901 Cr	₹7,232 Cr	₹7,291 Cr	₹7,834 Cr
Depreciation	₹202.00 Cr	₹209.00 Cr	₹232.00 Cr	₹257.00 Cr	₹267.00 Cr	₹275.00 Cr	₹288.00 Cr	₹339.00 Cr	₹317.00 Cr	₹327.00 Cr	₹330.00 Cr	₹317.00 Cr	₹380.00 Cr
Profit before Tax (PBT)	₹5,125 Cr	₹5,292 Cr	₹5,431 Cr	₹5,527 Cr	₹5,968 Cr	₹5,966 Cr	₹5,812 Cr	₹6,002 Cr	₹7,204 Cr	₹6,825 Cr	₹5,926 Cr	₹6,928 Cr	₹8,932 Cr
Net Profit (PAT)	₹3,709 Cr	₹3,756 Cr	₹4,045 Cr	₹4,085 Cr	₹4,209 Cr	₹4,180 Cr	₹4,412 Cr	₹4,756 Cr	₹5,329 Cr	₹4,746 Cr	₹4,368 Cr	₹5,226 Cr	₹6,297 Cr
EPS in ₹	₹12.20	₹12.09	₹13.52	₹13.28	₹13.39	₹13.07	₹13.97	₹15.14	₹17.46	₹14.04	₹13.95	₹15.86	₹19.57

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹11,335 Cr	₹20,533 Cr	₹24,507 Cr	₹32,862 Cr	₹42,605 Cr	₹54,351 Cr	₹60,592 Cr	₹68,406 Cr	₹82,072 Cr	₹1.10 Lakh Cr	₹1.33 Lakh Cr	₹1.51 Lakh Cr	₹1.58 Lakh Cr
Expenses	₹5,823 Cr	₹13,795 Cr	₹15,794 Cr	₹22,074 Cr	₹27,569 Cr	₹36,094 Cr	₹40,950 Cr	₹46,951 Cr	₹52,204 Cr	₹69,497 Cr	₹83,420 Cr	₹93,433 Cr	₹98,074 Cr
Operating Profit	₹5,511 Cr	₹6,739 Cr	₹8,713 Cr	₹10,788 Cr	₹15,037 Cr	₹18,258 Cr	₹19,641 Cr	₹21,455 Cr	₹29,868 Cr	₹40,886 Cr	₹49,524 Cr	₹57,098 Cr	₹59,568 Cr
OPM %	49%	33%	36%	33%	35%	34%	32%	31%	36%	37%	37%	38%	38%
Interest	₹2,230 Cr	₹2,877 Cr	₹3,716 Cr	₹4,531 Cr	₹6,657 Cr	₹9,500 Cr	₹9,274 Cr	₹9,629 Cr	₹12,380 Cr	₹18,607 Cr	₹24,587 Cr	₹28,541 Cr	₹29,259 Cr
Depreciation	₹38.00 Cr	₹58.00 Cr	₹73.00 Cr	₹160.00 Cr	₹226.00 Cr	₹457.00 Cr	₹498.00 Cr	₹563.00 Cr	₹678.00 Cr	₹900.00 Cr	₹1,170 Cr	₹1,291 Cr	₹1,354 Cr
Profit before Tax	₹3,251 Cr	₹3,804 Cr	₹4,925 Cr	₹6,099 Cr	₹8,155 Cr	₹8,302 Cr	₹9,862 Cr	₹11,271 Cr	₹16,811 Cr	₹21,375 Cr	₹23,748 Cr	₹26,883 Cr	₹28,612 Cr
Net Profit	₹2,409 Cr	₹2,775 Cr	₹3,450 Cr	₹4,176 Cr	₹5,374 Cr	₹5,994 Cr	₹7,367 Cr	₹8,314 Cr	₹12,210 Cr	₹15,595 Cr	₹17,558 Cr	₹19,669 Cr	₹20,637 Cr
EPS in Rs	10.62	11.71	14.21	16.65	20.23	21.17	28.09	28.63	40.29	51.07	55.57	61.24	63.42

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹80.00 Cr	₹80.00 Cr	₹80.00 Cr	₹80.00 Cr	₹80.00 Cr	₹80.00 Cr	₹80.00 Cr	₹80.00 Cr	₹159.00 Cr	₹159.00 Cr	₹160.00 Cr	₹160.00 Cr
Reserves & Surplus	₹11,009 Cr	₹13,519 Cr	₹16,071 Cr	₹20,403 Cr	₹23,660 Cr	₹31,222 Cr	₹35,750 Cr	₹40,167 Cr	₹46,248 Cr	₹60,169 Cr	₹72,236 Cr	₹77,755 Cr
Borrowings (Debt)	₹26,312 Cr	₹36,062 Cr	₹48,282 Cr	₹65,695 Cr	₹99,754 Cr	₹1.27 Lakh Cr	₹1.28 Lakh Cr	₹1.61 Lakh Cr	₹2.12 Lakh Cr	₹2.89 Lakh Cr	₹3.56 Lakh Cr	₹4.30 Lakh Cr
Total Liabilities	₹88,228 Cr	₹1.04 Lakh Cr	₹1.29 Lakh Cr	₹1.62 Lakh Cr	₹2.08 Lakh Cr	₹2.51 Lakh Cr	₹2.80 Lakh Cr	₹3.33 Lakh Cr	₹4.05 Lakh Cr	₹5.37 Lakh Cr	₹6.52 Lakh Cr	₹7.58 Lakh Cr
Fixed Assets	₹1,261 Cr	₹1,274 Cr	₹1,645 Cr	₹1,792 Cr	₹2,097 Cr	₹3,216 Cr	₹3,182 Cr	₹3,586 Cr	₹4,336 Cr	₹5,455 Cr	₹6,297 Cr	₹6,729 Cr
Total Assets	₹88,228 Cr	₹1.04 Lakh Cr	₹1.29 Lakh Cr	₹1.62 Lakh Cr	₹2.08 Lakh Cr	₹2.51 Lakh Cr	₹2.80 Lakh Cr	₹3.33 Lakh Cr	₹4.05 Lakh Cr	₹5.37 Lakh Cr	₹6.52 Lakh Cr	₹7.58 Lakh Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	-₹10,731 Cr	-₹9,795 Cr	-₹10,922 Cr	-₹19,580 Cr	-₹27,076 Cr	-₹23,369 Cr	₹4,547 Cr	-₹33,670 Cr	-₹39,480 Cr	-₹65,502 Cr	-₹61,750 Cr	-₹55,301 Cr
Cash from Investing (CFI)	₹3,709 Cr	-₹886.00 Cr	₹151.00 Cr	-₹922.00 Cr	-₹6,903 Cr	-₹9,948 Cr	-₹3,684 Cr	₹1,445 Cr	-₹13,945 Cr	-₹14,132 Cr	-₹7,987 Cr	-₹12,635 Cr
Cash from Financing (CFF)	₹6,839 Cr	₹11,602 Cr	₹12,513 Cr	₹19,590 Cr	₹34,535 Cr	₹34,479 Cr	₹1,687 Cr	₹32,326 Cr	₹51,016 Cr	₹82,709 Cr	₹69,828 Cr	₹66,610 Cr
Free Cash Flow (FCF)	-₹10,731 Cr	-₹9,795 Cr	-₹10,922 Cr	-₹19,883 Cr	-₹27,646 Cr	-₹24,239 Cr	₹4,096 Cr	-₹34,420 Cr	-₹40,603 Cr	-₹66,811 Cr	-₹63,466 Cr	-₹56,619 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	17	12	19	19	19	18	17	16	15	20	23	23
Inventory Days	0	0	0	0	0	0	0	0	0	0	0	0
Cash Conversion Cycle (Days)	17	12	19	19	19	18	17	16	15	20	23	23
ROCE %	15%	14%	14%	13%	13%	11%	10%	10%	11%	12%	11%	11%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹980.05 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹1,845.00

DCF Fair Value

₹980.05

Graham Number

₹838.54

Margin of Safety

-50.3%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹980.05

Premium / Overvalued (Margin: -50.3%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹954	₹945	₹937	₹928
10%	₹971	₹963	₹954	₹945
12%	₹989	₹980	₹971	₹963
14%	₹1,007	₹998	₹989	₹980

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹980	Fairly Valued
Benjamin Graham Number	₹839	Market Priced
Historical Sector P/E	₹1,412	Premium
EV / EBITDA Multiplier	₹1,937	In-Line
Free Cash Flow Yield Model	₹1,808	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 6/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

6 / 9 Pass

Altman Z-Score

3.23 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 5.52x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Managing working capital

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 38.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

58.72%

FIIs (Foreign)

6.90%

DIIs (Domestic)

12.11%

Government

0.15%

Public / Retail

22.23%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	60.69%	60.69%	60.69%	60.64%	60.64%	60.64%	60.64%	58.81%	58.81%	58.81%	58.72%	58.72%
+ FIIs (Foreign Portfolio)	7.66%	7.91%	8.42%	8.39%	8.24%	7.40%	7.53%	8.40%	8.11%	8.06%	7.23%	6.90%
+ DIIs (Mutual Funds / Insurance)	7.09%	7.48%	7.33%	7.60%	8.13%	8.91%	8.99%	10.09%	10.49%	10.74%	11.76%	12.11%
+ Public (Retail & HNIs)	24.31%	23.70%	23.38%	23.18%	22.84%	22.93%	22.71%	22.60%	22.52%	22.37%	22.16%	22.23%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Financial Services.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

BAJAJFINSV Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

BAJAJFINSV Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

BAJAJFINSV Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹2,361.60

Accelerated market share capture in Financial Services, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹2,066.40

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 27x P/E.

🐻 Bear Case (15%) -12.0%

₹1,623.60

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Financial Services)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:54 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Bajaj Finserv Ltd (BAJAJFINSV)	Target Stock	₹1,845.00	+0.44%	27.0x	13.2%	10.6%	5.52	₹2.78 Lakh Cr
HDFC Bank Ltd (HDFCBANK)	Private Sector Bank	₹806.60	+1.06%	14.1x	13.6%	7.0%	0.00	₹11.12 Lakh Cr
ICICI Bank Ltd (ICICIBANK)	Private Sector Bank	₹1,571.60	-1.10%	16.8x	15.9%	7.2%	0.00	₹9.41 Lakh Cr
State Bank of India (SBIN)	Public Sector Bank	₹1,061.20	+1.84%	10.5x	15.4%	6.1%	0.00	₹8.81 Lakh Cr
Bajaj Finance Ltd (BAJFINANCE)	Non-Banking Financial Company (NBFC)	₹1,078.80	+1.31%	28.8x	18.2%	10.9%	0.00	₹5.90 Lakh Cr
Kotak Mahindra Bank Ltd (KOTAKBANK)	Private Sector Bank	₹487.70	+1.71%	20.7x	11.4%	7.0%	0.00	₹4.14 Lakh Cr
Axis Bank Ltd (AXISBANK)	Private Sector Bank	₹1,336.40	+1.96%	13.6x	13.1%	6.2%	0.00	₹3.79 Lakh Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:54:50 IST	✓ Live Sync
Financial Statements (10Y)	Bajaj Finserv Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

Save to Your Watchlist

TickerPulse Academy

Bajaj Finserv Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Bajaj Finserv Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Financial Services)

Metric Explainer

Stock DNA Methodology

Document Title