Models
BAJAJ FINANCE LIMITEDBAJFINANCEFinance
₹198per share · Base Model Note
Scenario
Value per share, your model₹198implied P/B 1.05× on FY26 book
Against CMP ₹1,034.50−80.8%close of 2026-09-10
Cost of equity16.05%risk-free + beta × equity risk premium
Book equity, FY26₹188per share · excess returns add ₹10
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity
| ₹ crore | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|
| Opening book equity | 1,16,986 | 1,32,756 | 1,50,653 | 1,70,961 | 1,94,008 |
| Net income at 16.5% ROE | 19,303 | 21,905 | 24,858 | 28,209 | 32,011 |
| Cost of equity charge at 16.05% | (18,770) | (21,301) | (24,172) | (27,431) | (31,129) |
| Excess return | 532 | 604 | 685 | 778 | 883 |
| Present value | 494 | 483 | 473 | 462 | 452 |
| Closing book equity | 1,32,756 | 1,50,653 | 1,70,961 | 1,94,008 | 2,20,161 |
| Book equity today | 1,16,986 |
| PV of 5 years of excess return | 2,364 |
| PV of the terminal excess return, 5% flat | 3,988 |
| add non-operating investments | 0 |
| Equity value | 1,23,337 |
| ÷ 622.09 crore shares | ₹198 |
Where the methods land · ₹ per share · the dashed line is the CMP
52-week rangetraded range, a fact not a value
₹788₹1,176
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | Excess return | ROE 16.5% | — | 16.05% | 5% | ₹198 | (80.8)% |
A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.