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Bajaj Finance Limited BAJFINANCE.NS

IN · National Stock Exchange of India · XNSE · stock · Financial Services · website

Bajaj Finance Limited statistics & valuation

Market cap₹6.78T
P / E35.6×
P / S13.6×
P / B5.9×
Net margin38.3%
FCF margin-134.4%
Net debt₹3.49T
Enterprise value USD$107.8B
Graham number -67.6%₹354.68

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹354.68); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
42.70% 42.10% 40.10% 38.30% 2023202420252026
Gross margin (%)
2023202420252026
Operating margin (%)
2023202420252026
Return on equity (%)
21.20% 18.80% 17.20% 16.70% 2023202420252026
Shares outstanding
6.22B 6.22B 6.22B 6.22B 2023202420252026
Net debt (₹)
₹1.62T ₹2.11T ₹2.69T ₹3.49T 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
4.20% 3.80% 3.60% 3.40% 2023202420252026
Free cash flow margin (%)
-159.40% -206.50% -166.00% -134.40% 2023202420252026
Debt / equity (×)
3.02× 2.85× 2.85× 3.10× 2023202420252026
EPS (₹)
₹18.96 ₹23.60 ₹26.82 ₹30.51 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Bajaj Finance Limited trades at about 35.9× earnings — above its 10-year norm (10-year range 29.3×–33.1×, median 32.2×).

29.3× 35.9×

Shaded band = 10-year range (29.3×–33.1×); dot = today's 35.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Net margin38.3%40.1%42.1%42.7%
FCF margin-134.4%-166.0%-206.5%-159.4%
Return on assets3.4%3.6%3.8%4.2%
Return on equity16.7%17.2%18.8%21.2%

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.