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India's largest consumer-lending NBFC, financing consumer durables, personal loans, credit cards and SMEs.
India's largest consumer-lending NBFC, financing consumer durables, personal loans, credit cards and SMEs.
Earns the spread between what it pays for funding, mostly market borrowings and fixed deposits, and what it charges on loans, with its EMI card and merchant financing feeding repeat borrowers. Bajaj Finserv, part of the Bajaj group, owns the majority of the shares. Unlike banks, it cannot take everyday savings deposits.
In one line: India's Synchrony Financial for consumer lending.
Moat: narrow (scale, distribution, data). Dense merchant/dealer distribution network and proprietary credit-scoring data built over two decades.
Headquarters: Pune, India · Founded: 1987 · Employees: 155,369
Size Bajaj Finance (BAJFINANCE.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $71.6B, the 8th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,088 on 6 Nov 2026.
Performance Over six months the shares gained 11.8%, against +2.4% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 10 in its peer set.
Growth Revenue grew 18.8% over the last twelve months (peer median +10.1%); the operating margin is 43.7% (peer median 22.8%).
Valuation It trades at 5.50× book value against a peer median of 1.76× (2nd most expensive of 10).
Price implies The share price implies a return on equity of about 77.1%; Bajaj Finance delivers 19.2%, so the price asks more than the business earns today.
Next results Next results expected around 20 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹906B | ₹821B | ₹689B | ₹541B | ₹403B |
| Revenue growth | — | +19% | +27% | +34% | — |
| Gross profit | ₹541B | ₹719B | ₹602B | ₹474B | ₹353B |
| EBITDA | ₹407B | ₹603B | ₹502B | ₹388B | ₹283B |
| Net income | ₹217B | ₹190B | ₹166B | ₹145B | ₹115B |
| Free cash flow | n/a | ₹349B | ₹252B | ₹190B | ₹144B |
| Capital expenditure | n/a | ₹9.61B | ₹10.8B | ₹10.4B | ₹8.78B |
| Total debt | ₹4.32T | ₹3.68T | ₹2.91T | ₹2.34T | ₹1.73T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bajaj Finance BAJFINANCE.NS | $71.6B | +12% | +19% | 19% | 5.50× | 77.1% |
| HDFC Bank HDFCBANK.NS | $129B | -1% | +5% | 14% | 2.00× | 24.8% |
| Cholamandalam Investment and Finance CHOLAFIN.NS | $16.2B | +6% | +21% | 21% | 4.43× | 67.7% |
| Shriram Finance SHRIRAMFIN.NS | $23.9B | -5% | +10% | 15% | 2.03× | 27.6% |
| Tata Capital TATACAP.NS | $16.0B | +10% | +18% | 14% | 3.08× | 41.2% |
| Muthoot Finance MUTHOOTFIN.NS | $12.2B | -20% | +47% | 32% | 2.62× | 32.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BAJFINANCE.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.8% | +3.8% | 4th highest of 10 |
| 6-month return | +11.8% | +2.4% | 3rd highest of 10 |
| Return on equity | 19.2% | 14.8% | 4th highest of 10 |
| Price / book | 5.50× | 1.76× | 2nd most expensive of 10 |
| Trailing P/E | 31.3× | 16.0× | 2nd most expensive of 10 |
| ROE the price implies | 77.1% | 26.3% | most demanding of 10 |
| ROE delivered | 19.2% | 14.7% | 4th highest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bajaj Finance BAJFINANCE.NS | India | $71.6B | +12% | +19% | 19% | 5.50× | 77.1% | 19.2% |
| Rocket Companies RKT | United States | $42.7B | -4% | +88% | 8% | 1.76× | 26.3% | 7.9% |
| Orix 8591.T | Japan | $35.7B | +2% | +17% | 14% | 1.26× | 12.4% | 13.9% |
| AerCap AER | United States | $26.2B | +13% | 0% | 17% | 1.38× | 12.4% | 17.0% |
| Global Payments GPN | United States | $25.8B | +41% | +7% | 2% | 1.12× | 9.8% | 2.2% |
| Shriram Finance SHRIRAMFIN.NS | India | $23.9B | -5% | +10% | 15% | 2.03× | 27.6% | 14.7% |
| American Express AXP | United States | $215B | +2% | +10% | 36% | 6.02× | 47.1% | 35.7% |
| Affirm AFRM | United States | $23.1B | +6% | +32% | 45% | 4.19× | 73.6% | 45.1% |
| Synchrony Financial SYF | United States | $23.0B | +1% | -2% | 20% | 1.55× | 16.7% | 19.8% |
| SOFI SOFI | United States | $21.0B | +3% | +38% | 7% | 1.86× | 27.5% | 7.4% |