Bajaj Finserv Ltd.
NSE: BAJAJFINSV · Financial Services
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Instant answers about Bajaj Finserv Ltd. — computed from its filings, no language modelPrice & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Total income | 1 | 54,351 | 60,592 | 68,439 | 82,072 | 1,10,383 | 1,33,822 | 1,50,530 |
| Profit before tax | 6,310 | — | — | — | — | — | — | — |
| Tax | 1,970 | 2,308 | 2,495 | 2,957 | 4,602 | 5,780 | 6,191 | 7,214 |
| Net profit | 2,741 | — | — | — | — | — | — | — |
| Operating cash flow | — | — | — | -33,670 | -39,480 | -68,674 | -62,113 | -55,301 |
| Capex | — | — | — | 910 | 1,220 | 1,435 | 1,864 | 1,448 |
| Dividend paid | — | — | — | 400 | 745 | 1,183 | 1,542 | 1,848 |
| Total assets | — | — | — | — | 4,05,509 | 5,37,930 | 6,52,232 | 7,58,498 |
Quarterly performance
last 33 quarters · ₹ crore| MAR '18 | JUN '18 | SEP '18 | DEC '18 | JUN '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | 0 | 8,771 | 9,698 | 11,142 | 12,272 | 14,561 | 13,294 | 14,192 | 15,052 | 15,961 | 15,387 | 13,949 | 18,008 | 17,620 | 18,862 | 15,888 | 20,803 | 21,755 | 23,625 | 23,280 | 26,023 | 29,038 | 32,042 | 31,480 | 33,704 | 32,042 | 36,596 | 35,451 | 37,403 | 39,708 | 38,508 | 42,037 | 43,416 |
| Other income | 0 | 1 | 0 | 1 | 1 | 2 | 0 | 2 | 2 | 2 | 0 | 0 | 0 | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 12 | 0 | 0 | 14 | 0 | 0 |
| Profit before tax | 1,615 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax | 501 | 662 | 620 | 803 | 801 | 649 | 253 | 646 | 538 | 697 | 613 | 334 | 794 | 900 | 929 | 1,016 | 1,261 | 1,119 | 1,205 | 1,416 | 1,536 | 1,386 | 1,442 | 1,759 | 1,786 | 1,400 | 1,246 | 1,874 | 2,079 | 1,559 | 1,702 | 2,636 | 2,656 |
| Net profit | 685 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Revenue YoY | — | — | — | — | 39.9% | 30.7% | — | 15.6% | — | 9.6% | 15.7% | -1.7% | 19.6% | 10.4% | 22.6% | 13.9% | 15.5% | 23.5% | 25.3% | 46.5% | 25.1% | 33.5% | 35.6% | 35.2% | 29.5% | 10.3% | 14.2% | 12.6% | 11.0% | 23.9% | 5.2% | 18.6% | 16.1% |
Earlier results (standalone, Mar '08 – Dec '17)
₹ crore · from BSE, before the NSE XBRL filings beginBajaj Finserv Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY09† | FY10† | FY11† | FY12† | FY13† | FY14† | FY15† | FY16† | FY17† | |
|---|---|---|---|---|---|---|---|---|---|
| Total income | 112 | 127 | 120 | 136 | 142 | 144 | 200 | 242 | 154 |
| Pre-provision op. profit | 91 | 79 | 88 | 101 | 97 | 94 | 149 | 187 | 94 |
| Operating margin | 81.6% | 61.8% | 73.5% | 74.3% | 68.4% | 65.1% | 74.5% | 77.2% | 61.3% |
| Other income | 2 | 3 | 6 | 8 | 11 | 13 | 11 | 9 | 11 |
| Depreciation | 30 | 22 | 10 | 2 | 1 | 1 | 3 | 1 | 1 |
| Profit before tax | 63 | 59 | 223 | 108 | 79 | 106 | 158 | 195 | 104 |
| Tax | 22 | 30 | 35 | 31 | 28 | 22 | 32 | 32 | 34 |
| Net profit | 41 | 29 | 188 | 77 | 51 | 83 | 126 | 163 | 70 |
Quarters
| MAR '08† | JUN '08† | SEP '08† | DEC '08† | MAR '09† | JUN '09† | SEP '09† | DEC '09† | MAR '10† | JUN '10† | SEP '10† | DEC '10† | MAR '11† | JUN '11† | SEP '11† | DEC '11† | MAR '12† | JUN '12† | SEP '12† | DEC '12† | MAR '13† | JUN '13† | SEP '13† | DEC '13† | MAR '14† | JUN '14† | SEP '14† | DEC '14† | MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | 22 | 27 | 32 | 29 | 25 | 32 | 37 | 31 | 27 | 29 | 48 | 24 | 19 | 26 | 62 | 28 | 20 | 25 | 67 | 25 | 25 | 28 | 80 | 21 | 15 | 23 | 75 | 26 | 77 | 37 | 95 | 28 | 83 | 41 | 67 | 23 | 24 | 27 | 151 | 32 |
| Pre-provision op. profit | 18 | 22 | 28 | 22 | 20 | 21 | 27 | 15 | 16 | 21 | 40 | 17 | 10 | 18 | 51 | 20 | 12 | 14 | 54 | 15 | 14 | 15 | 67 | 7 | 4 | 10 | 63 | 13 | 63 | 20 | 80 | 15 | 72 | 25 | 50 | 10 | 9 | 5 | 125 | 14 |
| Operating margin | 79.2% | 80.4% | 88.3% | 74.6% | 82.7% | 65.1% | 72.1% | 47.6% | 60.1% | 72.8% | 84.4% | 69.9% | 51.6% | 68.1% | 83.4% | 71.2% | 58.4% | 54.8% | 80.8% | 59.8% | 57.1% | 53.3% | 83.8% | 35.4% | 27.2% | 46.4% | 82.8% | 51.8% | 82.2% | 54.4% | 84.4% | 52.7% | 87.4% | 62.2% | 75.1% | 43.3% | 38.2% | 19.1% | 83.2% | 43.7% |
| Other income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Interest | — | — | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 5 | 4 | 3 | 3 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 12 | 15 | 21 | 15 | 13 | 15 | 21 | 11 | 13 | 19 | 38 | 17 | 150 | 19 | 53 | 22 | 13 | 16 | 56 | 17 | -10 | 18 | 63 | 11 | 14 | 13 | 65 | 15 | 66 | 22 | 82 | 17 | 74 | 28 | 52 | 12 | 12 | 8 | 128 | 17 |
| Tax | 3 | 5 | 7 | 4 | 7 | 5 | 8 | 7 | 10 | 6 | 14 | 6 | 9 | 7 | 11 | 8 | 6 | 6 | 9 | 6 | 7 | 7 | 6 | 5 | 4 | 5 | 5 | 1 | 22 | 8 | 10 | 7 | 7 | 11 | 12 | 6 | 5 | 4 | 12 | 6 |
| Net profit | 8 | 10 | 14 | 11 | 6 | 9 | 13 | 4 | 2 | 12 | 24 | 11 | 141 | 12 | 42 | 14 | 8 | 10 | 47 | 11 | -17 | 11 | 56 | 5 | 11 | 8 | 60 | 14 | 44 | 14 | 72 | 10 | 67 | 17 | 41 | 6 | 6 | 4 | 116 | 11 |
| EPS ₹ | — | 0.70 | 1.00 | 0.80 | 0.40 | 0.60 | 0.90 | 0.30 | 0.50 | 0.90 | 1.60 | 0.80 | 9.70 | 0.80 | 2.90 | 1.00 | 0.50 | 0.70 | 3.20 | 0.70 | -1.10 | 0.70 | 3.50 | 0.30 | 0.70 | 0.50 | 3.80 | 0.90 | 2.80 | 0.90 | 4.50 | 0.60 | 4.20 | 1.00 | 2.60 | 0.40 | 0.40 | 0.20 | 7.30 | 0.70 |
| Revenue YoY | — | — | — | — | 9.9% | 21.0% | 18.1% | 6.3% | 7.7% | -10.5% | 28.1% | -21.6% | -28.9% | -11.5% | 29.5% | 17.0% | 5.9% | -2.7% | 8.5% | -11.3% | 23.1% | 13.8% | 20.2% | -17.5% | -39.9% | -20.6% | -6.2% | 23.3% | 417.6% | 62.5% | 25.7% | 10.0% | 7.8% | 10.6% | -29.7% | -19.4% | -71.1% | -32.6% | 126.1% | 40.4% |
| Profit YoY | — | — | — | — | -23.4% | -2.8% | -5.2% | -63.3% | -61.7% | 32.3% | 77.0% | 175.3% | 5627.2% | -1.7% | 76.2% | 29.8% | -94.4% | -17.9% | 11.6% | -23.1% | -321.0% | 10.9% | 20.0% | -51.9% | — | -28.3% | 6.5% | 164.1% | 314.4% | 70.5% | 19.7% | -27.8% | 54.1% | 22.6% | -43.4% | -38.0% | -90.6% | -76.6% | 185.0% | 74.5% |
Returns & margins
trailing-twelve-month, per quarter| DEC '18 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset turnover | — | — | — | — | — | — | — | — | — | 0.20 | 0.21 | 0.20 | 0.22 | 0.20 | 0.22 | 0.21 | 0.22 | 0.21 | 0.22 | 0.21 | 0.21 | 0.20 | 0.21 | 0.20 | 0.21 | 0.19 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Deposits | 39,422 | 44,666 | 54,821 | 60,151 | 66,131 | 71,403 | 69,766 | 68,535 | 69,754 |
| Borrowings | 64,360 | 81,549 | 91,940 | 1,11,617 | 1,17,447 | 1,32,103 | 1,37,189 | 1,70,643 | 1,86,672 |
| Total assets | 3,60,275 | 4,05,509 | 4,69,324 | 5,37,930 | 6,01,195 | 6,52,232 | 7,07,515 | 7,58,498 | 8,56,839 |
| Investments | 1,22,632 | 1,36,176 | 1,45,296 | 1,68,385 | 1,85,250 | 1,90,130 | 2,00,873 | 1,94,414 | 2,11,098 |
Cash flow
annual · ₹ crore · line = free cash flow| FY19‡ | FY20‡ | FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -27,076 | -23,369 | 4,547 | -33,670 | -39,480 | -68,674 | -62,113 | -55,301 |
| Cash from investing | -6,903 | -9,948 | -3,684 | 1,445 | -13,945 | -10,960 | -7,987 | -12,635 |
| Cash from financing | 34,535 | 34,479 | 1,687 | 32,326 | 51,016 | 82,709 | 70,191 | 66,610 |
| Capex | 647 | 879 | 471 | 910 | 1,220 | 1,435 | 1,864 | 1,448 |
| Free cash flow | -27,723 | -24,248 | 4,077 | -34,580 | -40,700 | -70,110 | -63,977 | -56,750 |
| Dividends paid | 182 | 683 | 82 | 400 | 745 | 1,183 | 1,542 | 1,848 |
Where the assets sit
Sep '26 · ₹ crorePeer comparison
largest in Financial Services · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| HDFC Bank Ltd. | 12,15,371 | 788.25 | 15.2 | 2.01 | 13.3% |
| ICICI Bank Ltd. | 11,28,090 | 1,571.20 | 19.1 | 2.75 | 14.4% |
| State Bank of India | 9,40,157 | 1,018.50 | 10.4 | 1.36 | 13.1% |
| Bajaj Finance Ltd. | 6,77,005 | 1,087.75 | — | — | — |
| Kotak Mahindra Bank Ltd. | 4,77,499 | 480.00 | 22.2 | 2.45 | 11.0% |
| Axis Bank Ltd. | 4,11,911 | 1,322.90 | 13.8 | 1.79 | 13.0% |
| Shriram Finance Ltd. | 2,26,163 | 961.15 | — | — | — |
| BSE Ltd. | 1,55,002 | 3,800.00 | 50.3 | 19.49 | 38.8% |
| Cholamandalam Investment and Finance Company Ltd. | 1,53,126 | 1,785.00 | — | — | — |
| Jio Financial Services Ltd. | 1,52,665 | 231.20 | — | — | — |
| Bajaj Finserv Ltd. | 12 | 1,864.70 | — | — | — |
StoxGud checklist: Bearish setup · 3/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
Long-term financials (FY12–FY15)
from published annual reports| Year | Revenue | Profit before tax | Net profit |
|---|---|---|---|
| FY15 | ₹7,587 Cr | ₹3,246 Cr | ₹2,404 Cr |
| FY14 | ₹6,021 Cr | ₹2,902 Cr | ₹2,191 Cr |
| FY13 | ₹5,072 Cr | — | ₹2,214 Cr |
| FY12 | ₹3,903 Cr | ₹2,226 Cr | ₹1,890 Cr |
Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.
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FAQs
What is the share price of Bajaj Finserv Ltd.?
Bajaj Finserv Ltd. (BAJAJFINSV) closed at ₹1,864.70 on NSE on 06 Nov 2026.
What is the market cap of Bajaj Finserv Ltd.?
₹12 crore at the latest close.
How fast is Bajaj Finserv Ltd. growing?
Bajaj Finserv Ltd.: revenue has compounded at 22.4% a year over three years. Latest-quarter revenue is up 16.1% year on year.
How profitable is Bajaj Finserv Ltd.?
Profitability ratios for Bajaj Finserv Ltd. aren't available yet.
How much debt does Bajaj Finserv Ltd. have?
Debt to equity isn't meaningful for Bajaj Finserv Ltd. (banks borrow as part of their business) or isn't filed yet.
Financials parsed from Bajaj Finserv Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.