Valuation Bajaj Finance Limited

Equities

End-of-day quote NSE India S.E. Other stock markets 08/05/2026			5-day change	1st Jan Change
955.35 ^INR	-1.79%		+1.96%	-3.19%

08/05	Indian non-bank lenders plan $1.6 billion in debt sales as yields decline, bankers say	RE
04/05	Nomura Adjusts Bajaj Finance's Price Target to INR1,140 From INR1,195, Keeps at Buy	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	30,89,441	43,95,117	33,88,270	44,70,426	55,50,210	59,26,554	-	-
Change	-	42.26%	-22.91%	31.94%	24.15%	6.78%	-	-
Enterprise Value (EV) ¹	41,27,478	60,10,634	55,12,130	72,97,644	90,27,261	93,89,906	1,01,89,159	1,12,49,695
Change	-	45.62%	-8.29%	32.39%	23.7%	4.02%	8.51%	10.41%
P/E ratio	70.5x	62.7x	29.6x	30.7x	33.4x	26.3x	24x	19.3x
PBR	8.39x	10x	6.24x	5.84x	5.74x	5.21x	4.38x	3.67x
PEG	-	1.1x	0.5x	1.3x	2.4x	1.9x	0.8x	0.8x
Capitalization / Revenue	17.9x	20.1x	11.7x	12.3x	12.3x	9.34x	9.29x	7.66x
EV / Revenue	23.9x	27.5x	19.1x	20.1x	20.1x	17.5x	16x	14.5x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	34.5x	42x	29.4x	30.5x	30.1x	26x	23.6x	21.3x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	-	2	3	3.6	4.4	5.124	6.786	8.18
Rate of return	-	0.28%	0.53%	0.5%	0.49%	0.54%	0.71%	0.86%
EPS ²	7.3	11.58	18.96	23.6	26.82	30.51	39.82	49.4
Distribution rate	-	17.3%	15.8%	15.3%	16.4%	16.6%	17%	16.6%
Net sales ¹	1,72,690	2,18,922	2,88,458	3,62,578	4,49,540	5,33,240	6,38,240	7,73,651
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	1,19,608	1,43,072	1,87,175	2,39,403	3,00,280	3,55,480	4,31,008	5,28,456
Net income ¹	44,198	70,282	1,15,077	1,44,512	1,66,378	1,90,174	2,48,142	3,08,433
Net Debt ¹	10,38,036	16,15,516	21,23,860	28,27,218	34,77,051	34,63,353	42,62,605	53,23,142
Reference price ²	514.98	726.00	561.68	724.52	894.56	955.35	955.35	955.35
Nbr of stocks (in thousands)	59,99,090	60,53,922	60,32,438	61,70,147	62,04,402	62,03,542	-	-
Announcement Date	27/04/21	26/04/22	26/04/23	25/04/24	29/04/25	29/04/26	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
BAJAJ FINANCE LIMITED	30.94x	17.48x	-	0.54%	6.28TCr
ORIX CORPORATION	13.01x	3.51x	24.95x	2.97%	3.57TCr
BAJAJ FINSERV LTD.	27.03x	2.93x	16.39x	0.07%	3.07TCr
SHRIRAM FINANCE LIMITED	20.81x	15.62x	30.94x	1.01%	2.51TCr
SYNCHRONY FINANCIAL	7.86x	1.78x	-	1.73%	2.46TCr
SOFI TECHNOLOGIES, INC.	26.38x	-	-	-.--%	2.02TCr
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED	27.79x	20.11x	50.2x	0.13%	1.51TCr
MUTHOOT FINANCE LIMITED	14.83x	-	-	1.12%	1.5TCr
TATA CAPITAL LIMITED	26.77x	-	-	-	1.44TCr
Average	21.71x	10.24x	30.62x	0.95%	2.71TCr
Weighted average by Cap.	22.63x	10.58x	27.47x	1%