Lends to consumers, small businesses and homeowners, earning interest and fee income on a loan book of roughly ₹5,46,944 crore in assets under management as of Q1 FY27. The business runs across consumer lending (two-wheeler and three-wheeler financing, consumer durables, personal and salaried loans), small business lending to MSMEs, gold-backed loans, and mortgages through subsidiary Bajaj Housing Finance. Gold loans grew 115% year-on-year to 3.5% of AUM and are being scaled toward 5% of AUM by FY27, while the MSME book is being brought back to double-digit growth after a period of risk pruning. Customer franchise stood at 124.43 million across 4,098 branches and 155,369 employees, with 16.13 million new loans booked in Q1 FY27 alone. The company also takes deposits (around ₹68,500 crore) and raises wholesale funding via secured non-convertible debentures on private placement. Net NPA sat at 0.39% with capital adequacy of 20.90%, and the Q1 FY27 loan book generated ROE of 20.4%. Operating costs are dominated by people (11% of revenue) and other opex (5%), with negligible materials spend, consistent with a financial services model. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Consumer lending, MSME lending, Gold loans, Mortgage lending (Bajaj Housing Finance), Securities broking (Bajaj Financial Securities), Deposits. Asset-light consumer and SME lender, branch-led, NBFC under the Bajaj group.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 31,632 | 41,397 | 54,969 | 69,684 | 81,982 |
| EBITDA (ex other income) | 19,629 | 28,563 | 38,697 | 47,672 | 55,468 |
| margin % | 62.1 | 69.0 | 70.4 | 68.4 | 67.7 |
| Owners' profit | 7,028 | 0 | 14,451 | 16,638 | 19,017 |
| EPS, as reported (₹) | 116.64 | 190.53 | 236.89 | 268.94 | 30.60 |
| ROE % · ROCE % | 16.1 · — | 21.2 · — | 18.8 · — | 17.0 · — | 16.5 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (37,029) | (42,140) | (72,760) | (68,154) | (65,790) |
| Capex | (376) | (483) | (604) | (584) | (560) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17,090 | 18,035 | 18,457 | 19,524 | 20,179 | 21,214 | 21,606 | 23,165 |
| Profit before tax | 5,398 | 5,762 | 5,639 | 6,367 | 6,605 | 5,429 | 7,400 | 8,144 |
| Net profit | 4,014 | 4,308 | 4,546 | 4,765 | 4,948 | 4,066 | 5,553 | 6,081 |
| EPS (₹) | 64.66 | 68.63 | 72.35 | 7.57 | 7.85 | 6.40 | 8.79 | 9.62 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED ◆ | 6,43,552 | 31.7 | 5.50 | 11.6 | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 2,42,019 | 18.1 | 3.67 | 6.7 | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 | 6.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Bajaj Finance allots secured NCDs worth Rs 2,050 cr on private placement | fund raising | high | — | — |
| 1 Sept 2026 · Bajaj Finance shifts registered office to Viman Nagar, Pune | general | low | — | — |
| 27 Aug 2026 · Bajaj Finance allots Rs 5,000 crore NCDs at 8.15% via private placement | fund raising | medium | — | — |
| 26 Aug 2026 · Bajaj Finance to hold virtual investor meeting on 27 August 2026 | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Bajaj Finance allots NCDs worth Rs 498 crore at 7.79% via private placement | fund raising | medium | — | — |
| 17 Aug 2026 · Bajaj Finance to host analyst/institutional investor meetings on Aug 20 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Bajaj Finance: President of Auto Finance vertical resigns | management changes | high | — | — |
| 11 Aug 2026 · President of Cars, Two-Wheeler and Sales Finance resigns at Bajaj Finance | management changes | high | — | — |
| 10 Aug 2026 · Bajaj Finance allots NCDs worth Rs 1,115 crore via private placement | fund raising | medium | — | — |
| 4 Aug 2026 · Bajaj Finance Q1 FY27 earnings call transcript filed | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 10.4 |
| — |
| — |
| 75.8 |
| MUTHOOT FINANCE LIMITED | 1,12,094 | 9.9 | 2.82 | 3.9 | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — | 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.7 | 18.2 | 152 of 212 | 28% |
| P/B | 5.5 | 1.1 | 231 of 245 | 6% |
| ROE | 16.5 | 3.0 | 17 of 266 | 94% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 70.7 | 48.6 | 79 of 249 | 69% |
| Revenue growth | 18.6 | 12.6 | 101 of 231 | 57% |
| Profit growth | 27.6 | 7.8 | 103 of 251 | 59% |
| Market cap | 643552 | 33 | 1 of 260 | 100% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
