Projected Income Statement: Bajaj Finserv Ltd.

Forecast Balance Sheet: Bajaj Finserv Ltd.

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 - - - 21,50,613 26,72,099 34,37,605 55,94,955 67,86,254
Change - - - - 24.25% 28.65% 277.91% 21.29%
Announcement Date 28/04/21 28/04/22 27/04/23 26/04/24 29/04/25 30/04/26 - -
1INR in Million
Estimates

Cash Flow Forecast: Bajaj Finserv Ltd.

Fiscal Period: March 2020 2021 2022 2023 2024 2025
CAPEX 1 7,689 2,930 6,512 7,793 9,613 13,232
Change - -61.89% 122.23% 19.68% 23.35% 37.65%
Free Cash Flow (FCF) 1 7,658 1,62,185 2,13,854 1,10,225 1,71,111 1,18,129
Change - 2,017.89% 31.86% -48.46% 55.24% -30.96%
Announcement Date 29/06/20 26/06/21 05/07/22 04/07/23 27/06/24 02/07/25
1INR in Million
Estimates

Forecast Financial Ratios: Bajaj Finserv Ltd.

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - - - 24.37% 24.55% 25.24% 20.14% 20.85%
EBIT Margin (%) 26.14% 23.49% 28.63% 23.55% 23.67% 24.38% 26.4% 26.08%
EBT Margin (%) 16.28% 16.47% 24.06% 19.36% 17.75% 17.86% 19.93% 20.88%
Net margin (%) 7.38% 6.66% 9.18% 7.38% 6.63% 6.51% 7.1% 7.37%
FCF margin (%) - - - - - - - -
FCF / Net Income (%) - - - - - - - -

Profitability

        
ROA 1.68% 1.48% 3.3% 1.73% 1.49% 1.39% 3.14% 2.88%
ROE 13.32% 11.98% 14.81% 15.27% 13.37% 13.04% 15.51% 15.92%

Financial Health

        
Leverage (Debt/EBITDA) - - - 7.99x 8.13x 9.05x 16.64x 16.4x
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) - - - - - - - -
CAPEX / EBITDA (%) - - - - - - - -
CAPEX / FCF (%) - - - - - - - -

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 0.3 0.4 0.8 1 1 1.5 1.453 1.62
Change - 33.33% 100% 25% 0% 50% 15.96% 11.47%
Book Value Per Share 1 225.2 252.9 291.4 378.4 453.6 487.4 553.3 655.7
Change - 12.33% 15.22% 29.88% 19.86% 7.44% 6.93% 18.51%
EPS 1 28.09 28.63 11 50.7 55 61 74.23 90.64
Change - 1.92% -61.58% 360.91% 8.48% 10.91% 10.34% 22.11%
Nbr of stocks (in thousands) 15,91,374 15,91,374 15,92,815 16,07,413 15,94,128 15,94,157 15,94,157 15,94,157
Announcement Date 28/04/21 28/04/22 27/04/23 26/04/24 29/04/25 30/04/26 - -
1INR
Estimates
2026 2027 *
P/E ratio 26.8x 24.2x
PBR 3.35x 3.24x
EV / Sales 4.01x 5.02x
Yield 0.09% 0.08%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
1,794.20INR
Average target price
2,159.60INR
Spread / Average Target
+20.37%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. BAJAJFINSV Stock
  4. Financials Bajaj Finserv Ltd.