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Bajaj Finance Ltd.

FinanceFinance - NBFC

www.bajajfinserv.in/finance BSE: 500034NSE: BAJFINANCE

₹939.95BSE3.29%

22 Oct, 4:01 PM

₹939.95

₹5.85L Cr

26.98

4.75

18.54%

₹942.95

₹908.10

₹1,177.60

₹788.40

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Price Performance

Peer Comparison

Name
Bajaj Finance Ltd. BAJFINANCE	939.95	26.98	5,85,208.57	0.64	6,366.57	28.68%	24,546.37	22.79%	10.87
SHRIRAM TRAN SHRIRAMFIN	900.00	18.71	2,11,777.81	1.20	3,452.77	59.90%	13,400.43	16.16%	11.49
JIOFIN JIOFIN	211.00	81.39	1,39,326.29	0.28	340.44	-51.02%	1,699.28	73.15%	2.11
CHOLAFIN CHOLAFIN	1,533.40	22.86	1,31,490.71	0.13	1,656.22	45.56%	8,856.29	21.87%	9.70
TATACAP TATACAP	309.00	24.20	1,31,166.45	0.19	1,628.18	56.42%	8,821.93	15.10%	8.66
BAJ HOLD INV BAJAJHLDNG	11,261.00	14.13	1,25,327.62	1.73	2,708.08	-22.71%	394.33	21.46%	14.81
ABCAPITAL ABCAPITAL	356.70	23.80	97,663.81	0.00	1,223.85	43.25%	12,179.54	28.17%	8.82
MUTHOOT FIN MUTHOOTFIN	2,415.00	8.52	96,954.64	1.24	2,824.84	43.08%	8,671.60	34.44%	15.87

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	16,100.05	17,091.48	18,035.13	18,294.45	19,372.67	19,990.42	21,213.89	21,605.79	23,165.45	24,546.37
Expenses	4,955.81	5,338.02	5,691.16	5,864.83	5,841.24	6,118.89	7,937.85	6,553.07	6,792.89	7,119.55
	11,144.24	11,753.46	12,343.97	12,429.62	13,531.43	13,871.53	13,276.04	15,052.72	16,372.56	17,426.82
	69.22%	68.77%	68.44%	67.94%	69.85%	69.39%	62.58%	69.67%	70.68%	71.00%
	2.26	3.93	23.19	11.89	3.76	1.96	-264.53	0.71	0.97	29.45
Interest	5,683.86	6,149.32	6,385.63	6,550.94	6,916.86	7,010.60	7,338.71	7,398.28	7,942.09	8,601.73
	199.81	210.04	219.13	252.01	251.49	258.06	243.91	255.52	287.55	321.07
	5,265.35	5,401.48	5,765.42	5,647.38	6,367.58	6,608.13	5,431.10	7,409.84	8,149.00	8,537.20
	25.70%	25.69%	25.28%	19.51%	25.16%	25.13%	25.13%	25.06%	25.38%	25.43%
	3,911.98	3,999.73	4,246.54	4,479.57	4,699.61	4,875.36	3,977.85	5,464.57	5,985.75	6,266.20
	63.25	64.65	68.63	72.15	7.56	7.84	6.40	8.79	9.62	10.07

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	31,640.45	41,410.16	54,973.89	68,805.71	81,982.38
Operating Income (Net)	31,640.45	41,410.16	54,973.89	68,805.71	81,982.38
EXPENDITURE :
Employee Cost	3,592.44	5,100.19	6,396.01	7,508.34	8,978.53
Operating & Establishment Expenses	2,498.51	2,901.34	3,251.09	3,829.74	4,537.95
Administrations & Other Expenses	715.35	1,257.37	1,482.92	1,991.14	2,490.69
Provisions and Contingencies	5,098.78	3,447.18	4,981.22	8,461.61	10,808.73
	11,905.08	12,706.08	16,111.24	21,790.83	26,815.90
Operating Profit (Excl OI)	19,735.37	28,704.08	38,862.65	47,014.88	55,166.48
	7.60	8.10	8.62	919.07	806.77
	19,742.97	28,712.18	38,871.27	47,933.95	55,973.25
Interest	9,854.62	12,700.61	18,886.02	24,991.14	28,898.86
	384.57	485.38	683.32	880.99	1,008.98
Profit Before Taxation & Exceptional Items	9,503.78	15,526.19	19,301.93	22,061.82	26,065.41
Exceptional Income / Expenses					-265.22
	9,503.78	15,527.86	19,309.57	22,079.63	25,816.65
Provision for Tax	2,475.55	4,020.17	4,858.40	5,300.15	6,484.29
	7,028.23	11,507.69	14,451.17	16,779.48	19,332.36
Extra items	0.00	0.00	0.00	0.00	0.00
Minority Interest				-141.66	-314.97
Consolidated Net Profit	7,028.23	11,507.69	14,451.17	16,637.82	19,017.39
Profit Balance B/F	14,242.84	19,332.08	27,320.89	37,080.41	51,782.66
Appropriations	21,271.07	30,839.77	41,772.06	53,718.23	70,800.05
Equity Dividend %	1,000.00%	1,500.00%	1,800.00%	2,800.00%	600.00%
	116.50	190.38	233.84	267.98	30.58
Adjusted EPS	11.65	19.04	23.38	26.80	30.58

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	120.66	120.89	123.60	124.17	621.79
Share Warrants & Outstandings	397.56	555.46	1,008.71	950.69	1,200.81
Total Reserves	43,194.47	53,695.63	75,563.04	95,618.01	1,12,176.42
Reserve excluding Revaluation Reserve	43,194.47	53,695.63	75,563.04	95,618.01	1,12,176.42
	43,712.69	54,371.98	76,695.35	96,692.87	1,13,999.02
Minority Interest				2,244.02	2,986.52
Secured Loans	79,812.39	1,10,537.61	1,47,318.96	1,85,924.84	2,44,245.52
Unsecured Loans	19,199.09	26,919.90	35,261.99	44,451.82	34,889.80
Deferred Tax Assets / Liabilities	-951.11	-937.09	-1,017.43	-1,141.20	-1,560.07
Other Long Term Liabilities	366.95	430.47	832.57	923.20	1,069.78
Long Term Provisions	151.84	245.09	393.42	486.47	697.19
Total Non-Current Liabilities	98,579.16	1,37,195.98	1,82,789.51	2,30,645.13	2,79,342.22
Trade Payables	1,157.46	1,452.12	2,064.04	1,878.04	2,104.53
Other Current Liabilities	1,770.27	1,873.96	2,273.30	2,525.14	3,670.84
Short Term Borrowings	66,220.05	79,232.98	1,10,764.88	1,30,871.99	1,55,977.17
Short Term Provisions	115.12	162.20	137.11	128.44	311.99
Total Current Liabilities	69,262.90	82,721.26	1,15,239.33	1,35,403.61	1,62,064.53
Total Liabilities	2,11,554.75	2,74,289.22	3,74,724.19	4,64,985.63	5,58,392.29
Loans (Non - Current Assets)	1,91,423.25	2,42,268.93	3,26,293.32	4,07,844.14	4,98,943.54
Gross Block	2,863.85	3,797.36	5,233.53	6,274.61	7,207.69
Less: Accumulated Depreciation	1,147.55	1,489.74	1,983.63	2,494.44	3,261.13
Net Block	1,716.30	2,307.62	3,249.90	3,780.17	3,946.56
Capital Work in Progress	13.27	14.60	25.35	26.74	61.83
Non Current Investments	10,670.34	16,331.27	26,077.32	27,911.04	30,095.77
Long Term Investment	10,670.34	16,331.27	26,077.32	27,911.04	30,095.77
Long Term Loans & Advances	390.29	221.54	439.44	642.83	384.76
Other Non Current Assets	195.43	1,445.91	2,547.82	803.47	2,846.08
Total Non-Current Assets	2,04,429.75	2,62,655.11	3,58,651.26	4,41,022.94	5,36,336.12
Currents Investments	1,575.20	6,420.57	4,803.33	6,529.80	482.03
Sundry Debtors	1,083.99	1,299.72	1,623.92	1,791.55	1,839.20
Cash and Bank	3,546.28	3,032.21	8,296.92	13,448.11	15,017.62
Other Current Assets	782.48	792.56	1,238.99	1,987.51	4,583.89
Short Term Loans and Advances	137.05	89.05	109.77	205.72	133.43
Total Current Assets	7,125.00	11,634.11	16,072.93	23,962.69	22,056.17
Net Current Assets (Including Current Investments)	-62,137.90	-71,087.15	-99,166.40	-1,11,440.92	-1,40,008.36
Total Assets	2,11,554.75	2,74,289.22	3,74,724.19	4,64,985.63	5,58,392.29
Contingent Liabilities	2,924.14	3,143.19	3,092.79	4,346.96	4,672.48
Total Debt	1,65,231.53	2,16,690.49	2,93,345.83	3,61,248.65	4,35,112.49
	717.97	890.34	1,224.70	1,542.11	181.41
Adjusted Book Value	71.80	89.03	122.47	154.21	181.41

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	9,503.78	15,527.86	19,309.57	22,079.63	25,816.65
Adjustment	6,168.29	2,558.80	5,476.73	9,883.82	14,114.24
Changes In working Capital	-50,175.87	-56,226.27	-89,531.62	-94,170.02	-99,259.84
Cash Flow after changes in Working Capital	-34,503.80	-38,139.61	-64,745.32	-62,206.57	-59,328.95
Cash Flow from Operating Activities	-37,089.90	-42,111.79	-69,843.31	-67,791.64	-65,789.80
Cash Flow from Investing Activities	6,346.79	-10,393.91	-10,088.01	-2,765.02	-3,388.63
Cash Flow from Financing Activitie	32,275.22	50,675.01	82,415.08	70,164.61	67,432.87
Net Cash Inflow / Outflow	1,532.11	-1,830.69	2,483.76	-392.05	-1,745.56
Opening Cash & Cash Equivalents	1,849.33	3,381.44	1,550.75	4,034.51	3,642.46
Closing Cash & Cash Equivalent	3,381.44	1,550.75	4,034.51	3,642.46	1,896.90

Ratios

Valuation

26.98

4.75

12.17

6.52

34.85

197.85

Profitability

18.54

10.87

3.78

67.29

23.58

Leverage & Liquidity

3.86

0.14

1.89

Returns

0.64

0.16

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	54.70	54.70	54.70	54.73	54.73	54.66	54.70	54.70	54.67	54.67
	35.40	35.90	35.96	36.33	36.30	36.44	36.44	36.51	36.61	36.84
	9.91	9.40	9.34	8.94	8.96	8.89	8.86	8.78	8.72	8.49
	45.30	45.30	45.30	45.27	45.27	45.34	45.30	45.30	45.33	45.33
No. of Shareholders	8,05,241	7,81,913	7,91,392	7,05,610	8,99,777	9,41,999	9,61,994	10,02,945	9,85,158	9,52,483

Mutual Funds Invested(525)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 378 active funds hold 6.94% in Bajaj Finance Ltd., contributing to ₹41.48K Cr of holdings

Fund				As of
SB SBI Nifty 50 ETFIndex	5,077.43	2.50	5,29,22,968	Sep '26
SB SBI Focused Fund - Growth - Direct PlanEquity - Focused Fund	4,509.18	8.99	4,70,00,000	Sep '26
SB SBI BSE Sensex ETFIndex	3,457.95	2.99	3,59,73,464	Sep '26
SB SBI Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	2,206.62	2.56	2,30,00,000	Sep '26
UT UTI Nifty 50 ETFIndex	1,741.28	2.50	1,81,49,692	Sep '26
NI Nippon India ETF Nifty 50 BeESIndex	1,630.00	2.50	1,69,89,809	Sep '26
UT UTI BSE Sensex ETFIndex	1,629.42	2.99	1,69,51,014	Sep '26
NI Nippon India Large Cap Fund - Growth - Direct PlanLarge Cap Fund	1,586.29	3.09	1,65,34,184	Sep '26
AX Axis Large Cap Fund - Growth - Direct PlanLarge Cap Fund	1,443.85	4.94	1,50,49,562	Sep '26
UT UTI Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	1,243.72	5.53	1,29,63,484	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-05	Board Meeting	Quarterly Results
2026-09-23	Board Meeting	Fund Raising
2026-09-23	Board Meeting	Inter alia, to consider and approve the proposal for raising of funds through any or all of various methods including by way of preferential issue, qualified institutions placement, subject to such regulatory/statutory approvals as may be required, including approval of the shareholders of the Company

Insider Trading

Date	Person	Category	Transaction Type	Shares
2026-08-07	Bajaj General Insurance Ltd	Market	Sell	259,000
2026-06-24	Bajaj Life Insurance Company Ltd	Market	Buy	15,000
2026-06-22	Bajaj Life Insurance Company Ltd	Market	Buy	10,000
2026-06-04	Bajaj Life Insurance Company Ltd	Market	Buy	10,000
2026-05-30	Bajaj Life Insurance Company Ltd	Market	Buy	10,000

Sector Overview

FinanceFinance - NBFC

Bajaj Finance Ltd. operates in the Finance sector under the Finance - NBFC industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

11 members across the board and senior leadership

Sanjiv Bajaj

Chairman

₹7.20 Cr

Mar '26

Rajeev Jain

Vice Chairman & Managing Director

—

Anami N Roy