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Bajaj Finserv Ltd.

FinanceFinance - Investment

www.bajajfinserv.in BSE: 532978NSE: BAJAJFINSV

₹1,685.00BSE0.60%

22 Oct, 4:01 PM

₹1,685.00

₹2.70L Cr

26.61

3.24

26.47%

₹1,691.00

₹1,651.75

₹2,194.65

₹1,598.15

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Price Performance

Peer Comparison

Name
Bajaj Finserv Ltd. BAJAJFINSV	1,685.00	26.61	2,69,947.34	0.09	6,296.67	18.15%	42,036.90	19.13%	11.88
AIIL AIIL	513.00	20.89	43,565.27	0.00	1,108.22	17.52%	1,469.54	20.94%	13.85
CHOLAHLDNG CHOLAHLDNG	1,322.20	9.27	24,827.94	0.10	1,788.99	42.04%	11,113.57	19.55%	10.52
CGCL CGCL	237.00	20.21	22,803.05	0.08	353.38	102.04%	1,576.48	57.49%	11.68
TVSHLTD TVSHLTD	11,247.45	11.55	22,755.96	0.76	1,173.58	73.77%	17,076.18	34.01%	19.39
JSWHL JSWHL	11,702.00	91.98	12,988.78	0.00	24.54	-27.43%	34.58	14.99%	0.58
JM FINANCIAL JMFINANCIL	110.75	10.19	10,598.83	2.93	368.57	-19.66%	1,200.53	8.03%	11.91
TSFINV TSFINV	394.00	17.97	8,750.89	2.83	124.95	-21.11%	305.58	70.91%	3.47

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
	31,479.93	33,703.74	32,041.81	36,432.96	35,287.76	37,402.93	39,708.06	38,493.79	42,036.90
Expenses	19,655.12	21,420.27	19,668.63	23,705.46	20,972.57	23,352.48	25,841.71	23,983.07	24,896.29
	11,824.81	12,283.47	12,373.18	12,727.50	14,315.19	14,050.45	13,866.35	14,510.72	17,140.61
	37.56%	36.45%	38.62%	34.93%	40.57%	37.57%	34.92%	37.70%	40.78%
	0.21	0.00	0.00	1.07	12.26	0.00	-379.49	14.35	0.00
Interest	5,592.01	6,045.63	6,276.27	6,395.79	6,807.10	6,901.33	7,232.45	7,290.90	7,833.85
	267.01	275.32	288.50	339.49	317.33	327.19	329.83	317.01	379.68
	5,968.41	5,965.97	5,811.51	6,002.32	7,203.64	6,825.13	5,926.28	6,928.10	8,932.19
	29.47%	29.93%	24.08%	20.76%	26.02%	30.46%	26.30%	24.56%	29.51%
	2,137.70	2,086.97	2,231.00	2,416.64	2,789.05	2,244.10	2,229.15	2,538.67	3,132.35
	13.40	13.08	13.98	15.14	17.46	14.05	13.96	15.88	19.59

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	68,406.08	82,071.24	1,10,381.91	1,32,943.25	1,50,503.77
Operating Income (Net)	68,406.08	82,071.24	1,10,381.91	1,32,943.25	1,50,503.77
EXPENDITURE :
Employee Cost	6,559.58	8,767.15	10,360.95	12,069.62	14,122.17
Operating & Establishment Expenses	32,715.72	36,083.14	51,007.52	60,423.31	65,832.48
Administrations & Other Expenses	2,318.21	3,466.60	2,435.91	2,916.96	2,858.83
Provisions and Contingencies	5,382.34	3,887.12	5,721.26	8,959.26	11,448.86
	46,975.85	52,204.01	69,525.64	84,369.15	94,262.34
Operating Profit (Excl OI)	21,430.23	29,867.23	40,856.27	48,574.10	56,241.43
	32.90	0.77	17.33	913.76	837.05
	21,463.13	29,868.00	40,873.60	49,487.86	57,078.48
Interest	9,629.46	12,380.26	18,606.53	24,587.32	28,540.94
	562.73	677.80	900.13	1,170.32	1,291.36
Profit Before Taxation & Exceptional Items	11,270.94	16,809.94	21,366.94	23,730.22	27,246.18
Exceptional Income / Expenses					-379.49
	11,270.58	16,811.13	21,375.03	23,748.21	26,883.15
Provision for Tax	2,957.05	4,601.59	5,779.67	6,190.57	7,213.68
	8,313.53	12,209.54	15,595.36	17,557.64	19,669.47
Extra items	0.00	0.00	0.00	0.00	0.00
Minority Interest	-3,756.76	-5,792.26	-7,447.57	-8,685.33	-9,868.50
Consolidated Net Profit	4,556.77	6,417.28	8,147.79	8,872.31	9,800.97
Profit Balance B/F	21,225.70	24,949.79	30,078.41	36,205.27	45,570.27
Appropriations	25,782.47	31,367.07	38,226.20	45,077.58	55,371.24
Equity Dividend %	80.00%	80.00%	100.00%	100.00%	150.00%
	286.34	40.29	51.11	55.59	61.31
Adjusted EPS	28.63	40.29	51.11	55.59	61.31

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)
	79.57	159.26	159.41	159.60	159.87
Share Warrants & Outstandings	377.13	470.89	613.07	817.41	873.60
Total Reserves	39,790.10	45,777.19	59,556.16	71,418.30	76,881.06
Reserve excluding Revaluation Reserve	39,790.10	45,777.19	59,556.16	71,418.30	76,881.06
	40,246.80	46,407.34	60,328.64	72,395.31	77,914.53
Minority Interest	26,073.12	31,190.74	43,447.21	56,038.92	63,050.75
Secured Loans	54,301.45	62,039.05	79,149.28	1,11,385.07	1,43,486.81
Unsecured Loans	31,111.71	39,583.38	49,864.26	53,790.44	51,736.37
Deferred Tax Assets / Liabilities	-645.42	-915.52	-513.68	-489.03	-2,048.28
Other Long Term Liabilities	144.75	165.39	151.11	167.20	183.08
Long Term Provisions	167.52	262.34	823.01	969.26	1,351.97
Total Non-Current Liabilities	85,080.01	1,01,134.64	1,29,473.98	1,65,822.94	1,94,709.95
Trade Payables	4,008.94	5,205.28	6,277.42	7,964.85	9,052.12
Other Current Liabilities	1,01,879.21	1,10,262.74	1,38,651.42	1,59,465.45	1,78,399.61
Short Term Borrowings	75,101.24	1,09,818.85	1,58,585.29	1,89,174.33	2,33,024.35
Short Term Provisions	378.47	466.04	137.50	168.27	295.15
Total Current Liabilities	1,81,367.86	2,25,752.91	3,03,651.63	3,56,772.90	4,20,771.23
Total Liabilities	3,32,767.79	4,04,485.63	5,36,901.46	6,51,030.07	7,56,446.46
Loans (Non - Current Assets)	1,91,853.14	2,42,749.57	3,26,742.16	4,08,490.77	5,00,015.97
Gross Block	5,777.51	7,006.03	8,798.69	10,197.25	11,541.41
Less: Accumulated Depreciation	2,227.52	2,704.87	3,373.48	3,929.18	4,840.74
Net Block	3,549.99	4,301.16	5,425.21	6,268.07	6,700.67
Capital Work in Progress	53.64	61.84	82.12	122.95	250.31
Non Current Investments	1,11,619.80	1,25,306.81	1,60,831.14	1,75,582.92	1,84,728.82
Long Term Investment	1,11,619.80	1,25,306.81	1,60,831.14	1,75,582.92	1,84,728.82
Long Term Loans & Advances	524.80	699.70	762.87	1,715.10	1,587.44
Total Non-Current Assets	3,07,696.13	3,73,283.36	4,94,011.59	5,92,399.95	6,93,382.61
Currents Investments	7,602.28	10,868.92	9,295.70	14,546.86	9,684.72
Sundry Debtors	3,004.81	3,458.64	5,973.86	8,319.35	9,332.08
Cash and Bank	4,403.03	5,377.22	12,386.66	15,736.80	17,618.04
Other Current Assets	9,638.27	10,529.88	14,192.55	19,035.04	24,724.68
Short Term Loans and Advances	423.27	967.61	1,041.10	992.07	1,704.33
Total Current Assets	25,071.66	31,202.27	42,889.87	58,630.12	63,063.85
Net Current Assets (Including Current Investments)	-1,56,296.20	-1,94,550.64	-2,60,761.76	-2,98,142.78	-3,57,707.38
Total Assets	3,32,767.79	4,04,485.63	5,36,901.46	6,51,030.07	7,56,446.46
Contingent Liabilities	3,039.21	3,269.27	3,322.14	5,011.96	5,504.94
Total Debt	1,60,514.40	2,11,441.28	2,87,598.83	3,54,349.84	4,28,247.53
	2,505.32	288.44	374.60	448.48	481.90
Adjusted Book Value	250.53	288.44	374.60	448.48	481.90

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
	11,270.58	16,811.13	21,375.03	23,748.21	26,883.15
Adjustment	951.71	-2,218.32	-3,138.85	565.78	7,678.32
Changes In working Capital	-42,716.78	-49,445.78	-77,763.26	-79,422.78	-82,470.75
Cash Flow after changes in Working Capital	-30,494.49	-34,852.97	-59,527.08	-55,108.79	-47,909.28
Cash Flow from Operating Activities	-33,669.99	-39,479.54	-65,502.04	-61,750.42	-55,301.41
Cash Flow from Investing Activities	1,445.43	-13,945.21	-14,131.71	-7,986.54	-12,634.87
Cash Flow from Financing Activitie	32,325.76	51,016.06	82,708.61	69,828.48	66,610.32
Net Cash Inflow / Outflow	101.20	-2,408.69	3,074.86	91.52	-1,325.96
Opening Cash & Cash Equivalents	7,811.88	7,913.08	5,504.37	8,524.68	8,616.20
Closing Cash & Cash Equivalent	7,913.08	5,504.39	8,579.23	8,616.20	7,290.24

Ratios

Valuation

26.61

3.24

11.42

3.00

63.32

520.16

Profitability

26.47

11.88

2.80

37.37

13.07

Leverage & Liquidity

5.56

0.15

1.94

Returns

0.09

0.21

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
	60.64	60.64	60.64	60.64	58.81	58.81	58.81	58.71	58.71	58.65
	15.99	16.37	16.32	16.53	18.50	18.60	18.80	19.00	19.01	19.26
	23.37	22.99	23.04	22.83	22.70	22.59	22.39	22.29	22.28	22.09
	39.36	39.36	39.36	39.36	41.19	41.19	41.19	41.29	41.29	41.35
No. of Shareholders	7,08,432	8,07,360	7,77,680	7,08,845	6,83,279	6,39,624	6,17,071	6,01,457	5,97,797	5,68,769

Mutual Funds Invested(330)

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

A total of 174 active funds hold 4.69% in Bajaj Finserv Ltd., contributing to ₹12.99K Cr of holdings

Fund				As of
IP ICICI Prudential Multi Asset Allocation Fund - Growth - Direct PlanHybrid - Multi Asset Allocation	2,145.97	2.55	1,23,97,312	Sep '26
SB SBI Nifty 50 ETFIndex	1,951.66	0.96	1,12,74,746	Sep '26
SB SBI BSE Sensex ETFIndex	1,305.56	1.13	75,34,407	Sep '26
HD HDFC Large Cap Fund - Growth - Direct PlanLarge Cap Fund	1,137.63	3.05	65,72,078	Sep '26
IP ICICI Prudential Value Fund - Growth - Direct PlanEquity - Value Fund	1,030.24	1.80	59,51,706	Sep '26
IP ICICI Prudential Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	906.08	2.86	52,34,432	Sep '26
UT UTI Nifty 50 ETFIndex	669.31	0.96	38,66,616	Sep '26
NI Nippon India ETF Nifty 50 BeESIndex	626.54	0.96	36,19,512	Sep '26
UT UTI BSE Sensex ETFIndex	615.20	1.13	35,50,323	Sep '26
IP ICICI Prudential Nifty 50 ETFIndex	410.81	0.96	23,73,255	Sep '26

Corporate Actions

Showing: All

Date	Type	Details	Ex-Date	Record Date
2026-10-05	Board Meeting	Quarterly Results
2026-07-08	Board Meeting	Quarterly Results
2026-04-30	Ex Dividend	Rs.1.5000 per share(150%)Final Dividend	2026-06-30	2026-06-30

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)
2026-04-30	Bajaj Auto Holdings Ltd	Block Deal	Sell	2,090,050
2026-04-30	Bajaj Holdings & Investment Ltd	Block Deal	Buy	2,090,050

Sector Overview

FinanceFinance - Investment

Bajaj Finserv Ltd. operates in the Finance sector under the Finance - Investment 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

9 members across the board and senior leadership

Uma Shende

Company Secretary & Compliance Officer

—

Sanjiv Bajaj

Chairman & Managing Director

₹48.59 Cr

Mar '26

Naushad Forbes