StrengthTalking point
Compounding revenue
Revenue compounded at 21.8% a year over 4 years (₹68,406 → ₹1,50,504).
Importance 59 / 95 · growth
Bajaj Finserv Limited · Research view
Bajaj Finserv Limited
NSE: BAJAJFINSVBSE: 532978ISIN INE918I01026Face value ₹1standalone
₹1,730
−0.87% · 2026-10-01 · 52-wk ₹1,632–₹2,177
Financials to FY2026 · 5 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
StrengthTalking point
Book value compounding
Net worth compounded at 20.7% a year over 4 years (₹66,320 → ₹1,40,965).
Importance 58 / 95 · financial health
Context
Stock has lagged the business
Over 4 years profit compounded at 24.0% a year while the stock returned 3.9% a year — but FY2022 profit (₹8,314) was well below the through-cycle level (~₹15,595), so this rate is inflated by the recovery from a low base.
Importance 50 / 95 · business vs stock
Section 03 · The company
Who is this company?
Classified by the exchange under Financial Services › Financial Services › Finance › Holding Company.
- Market cap
- ₹2.77 L cr
- FY2026 revenue
- ₹2,016 cr
- FY2026 net profit
- ₹1,432 cr
- Net worth
- ₹10,181 cr
- Total debt
- —net cash
- EPS (basic)
- ₹9.00
- Listed
- NSE · BSE
- Reporting
- Ind-AS (NBFC)Apr–Mar
Peer set used on this page: 2 holding company.
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Strength
Revenue compounded at 21.8% a year over 4 years (₹68,406 → ₹1,50,504).
Rule REVENUE_CAGR_STRONG
- Revenue growth per year
- +34.1%over 4 years
- Revenue growth
- −10.9%vs last year
- Net profit growth
- −8.2%vs last year
- Change in net profit since FY22
- +237%
Net profit grew 12.0% year on year (FY2025 → FY2026).
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 revenue was ₹42,037 cr, up 18.6% from ₹35,439 cr in Q1 FY26 a year earlier.
Rule QTR_REVENUE_GROWTH_YOY
Strength
Q1 FY27 net profit was ₹6,297 cr, up 18.2% from ₹5,329 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 EBIT was ₹16,761 cr, up 19.6% from ₹14,010 cr a year earlier.
Rule QTR_OPERATING_PERFORMANCE_CHANGE_YOY
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 33,704 | — | 4,180 | — | 12.4% |
| Q3 FY25 | 32,042 | +10.3% | 4,412 | +9.1% | 13.8% |
| Q4 FY25 | 36,595 | +14.2% | 4,756 | +16.4% | 13.0% |
| Q1 FY26 | 35,439 | +12.6% | 5,329 | +26.6% | 15.0% |
| Q2 FY26 | 37,403 | +11.0% | 4,746 | +13.5% | 12.7% |
| Q3 FY26 | 39,708 | +23.9% | 4,368 | −1.0% | 11.0% |
| Q4 FY26 | 38,494 | +5.2% | 5,226 | +9.9% | 13.6% |
| Q1 FY27 | 42,037 | +18.6% | 6,297 | +18.2% | 15.0% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹1,57,642 crTTM
- EBITDA
- ₹59,582 crTTM
- EBIT
- ₹58,229 crTTM
- PBT
- ₹28,591 crTTM
- Net profit
- ₹20,637 crTTM
C. Corporate actions
30 Jun 2026DividendFinal Dividend - Rs. - 1.5000 — ₹1.50/share
27 Jun 2025DividendFinal Dividend - Rs. - 1.0000 — ₹1.00/share
21 Jun 2024DividendFinal Dividend - Rs. - 1.0000 — ₹1.00/share
30 Jun 2023DividendFinal Dividend - Rs. - 0.8000 — ₹0.80/share
13 Sept 2022Bonus issueBonus issue 1:1 — 1:2
13 Sept 2022Stock splitStock Split From Rs.5/- to Rs.1/- — 5:1
30 Jun 2022DividendDividend - Rs. - 4.0000 — ₹4.00/share
8 Jul 2021DividendDividend - Rs. - 3.0000 — ₹3.00/share
3 Mar 2020DividendInterim Dividend - Rs. - 5.0000 — ₹5.00/share
11 Jul 2019DividendDividend - Rs. - 2.5000 — ₹2.50/share
5 Jul 2018DividendDividend - Rs. - 1.7500 — ₹1.75/share
6 Jul 2017DividendDividend - Rs. - 1.7500 — ₹1.75/share
16 Mar 2016DividendInterim Dividend - Rs. - 1.7500 — ₹1.75/share
9 Jul 2015DividendDividend - Rs. - 1.7500 — ₹1.75/share
3 Jul 2014DividendDividend - Rs. - 1.7500 — ₹1.75/share
4 Jul 2013DividendDividend - Rs. - 1.5000 — ₹1.50/share
6 Sept 2012Rights issueRight Issue of Equity Shares
5 Jul 2012DividendDividend - Rs. - 1.5000 — ₹1.50/share
29 Jun 2011DividendDividend - Rs. - 1.2500 — ₹1.25/share
8 Jul 2010DividendDividend - Rs. - 1.0000 — ₹1.00/share
2 Jul 2009DividendDividend - Rs. - 1.0000 — ₹1.00/share
27 Jun 2008DividendDividend - Rs. - 1.0000 — ₹1.00/share
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Margin and return trends are shown above.
- EBITDA margin now
- 88.6%
- 5-year range
- 88.6–91.0%
- ROE FY2026
- 15.4%
- ROCE FY2026
- —
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Strength
Net worth compounded at 20.7% a year over 4 years (₹66,320 → ₹1,40,965).
Rule NET_WORTH_COMPOUNDING
Operating cash flowNet profit
- Total debt
- —
- Operating cash flow ÷ net profit
- 1.12×FY2026
- Free cash flow
- ₹1,548 cr
- Current ratio
- —
Section 08 · Relative position
How does it compare with peers?
Ranked against 2 holding company (FY2026, consolidated). No peer-relative rule fired for this company.
Not enough peers in this set report the underlying metrics yet for a ranking.
- P / E
- 13.4×TTM to Jun 26
- P / B
- 2.0×latest book
- P / S
- 1.8×TTM sales
- Earnings yield
- 7.5%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 14.1× · P/S 1.8× · ROE 14.6%.
Section 09 · The stock
How has the stock performed?
Context
Over 4 years profit compounded at 24.0% a year while the stock returned 3.9% a year — but FY2022 profit (₹8,314) was well below the through-cycle level (~₹15,595), so this rate is inflated by the recovery from a low base.
Rule STOCK_LAGGED_EARNINGS · recovery
- 1-year return
- −13.8%
- 3-year return
- +12.3%
- 5-year return
- +0.7%
- From 52-wk high
- −20.5%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹1,946
- vs 200-day avg
- Below₹1,892
- RSI (14)
- 21.8oversold
- MACD histogram
- -17.8
- From 52-wk high
- −20.5%
- From 52-wk low
- +6.0%
- 30-day volatility
- 18.7%ann.
- 6-month return
- +1.5%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
Nothing is flagged for review for this company.
- The price-adjusted series does not correct for a rights issue (ex-date 2012-09-06) — BSE's corporate-actions feed does not carry the subscription price or ratio a rights adjustment needs, unlike splits and bonuses, which are corrected. Returns spanning that date may be modestly overstated or understated.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 624 | 1,076 | 1,699 | 2,262 | 2,016 |
| Total income | 729 | 1,148 | 1,734 | 2,299 | 2,077 |
| EBITDA | 567 | 978 | 1,540 | 2,054 | 1,787 |
| Profit before tax | 563 | 975 | 1,537 | 2,049 | 1,781 |
| Net profit | 424 | 733 | 1,170 | 1,559 | 1,432 |
| EPS (₹) | 26.7 | 4.6 | 7.3 | 9.8 | 9.0 |
| Net worth | 4,368 | 5,248 | 6,569 | 8,372 | 10,181 |
| Operating cash flow | 611 | 788 | 1,312 | 1,724 | 1,610 |
| Free cash flow | 685 | 780 | 1,310 | 1,336 | 1,548 |
| Ratio | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth YoY | — | 72.6 | 57.9 | 33.1 | -10.9 |
| Profit growth YoY | — | 72.7 | 59.7 | 33.2 | -8.2 |
| Profitability | |||||
| EBITDA margin % | 91.0 | 90.8 | 90.6 | 90.8 | 88.6 |
| Net margin % | 58.2 | 63.8 | 67.5 | 67.8 | 68.9 |
| Return on equity % | 9.7 | 15.2 | 19.8 | 20.9 | 15.4 |
| Return on capital % | — | — | — | — | — |
| Leverage & cash | |||||
| Debt to equity | — | — | — | — | — |
| Cash flow ÷ profit | 1.44 | 1.08 | 1.12 | 1.11 | 1.12 |
| Current ratio | — | — | — | — | — |