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 14,80,509 18,32,732 24,63,487
Change - - - - 24.25% -44.59% 23.79% 34.42%
Announcement Date 28/04/21 28/04/22 27/04/23 26/04/24 29/04/25 - - -
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% 18.11% 19.35% 21.23%
EBIT Margin (%) 26.14% 23.49% 28.63% 23.55% 23.67% 26.02% 26.58% 28.92%
EBT Margin (%) 16.28% 16.47% 24.06% 19.36% 17.75% 18.58% 19.95% 21.73%
Net margin (%) 7.38% 6.66% 9.18% 7.38% 6.63% 7.29% 7.58% 8.02%
FCF margin (%) - - - - - - - -
FCF / Net Income (%) - - - - - - - -

Profitability

        
ROA 1.68% 1.48% 3.3% 1.73% 1.49% 3.57% 3.18% 3.22%
ROE 13.32% 11.98% 14.81% 15.27% 13.37% 14.93% 16.36% 16.83%

Financial Health

        
Leverage (Debt/EBITDA) - - - 7.99x 8.13x 5.54x 5.42x 5.78x
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 1.253 1.287 1.287
Change - 33.33% 100% 25% 0% 25.34% 2.66% 0%
Book Value Per Share 1 225.2 252.9 291.4 378.4 453.6 517.4 587.7 689.2
Change - 12.33% 15.22% 29.88% 19.86% 14.07% 13.59% 17.26%
EPS 1 28.09 28.63 11 50.7 55 67.27 82.94 100.8
Change - 1.92% -61.58% 360.91% 8.48% 22.32% 23.29% 21.51%
Nbr of stocks (in thousands) 15,91,374 15,91,374 15,92,815 16,07,413 15,94,128 15,96,007 15,96,007 15,96,007
Announcement Date 28/04/21 28/04/22 27/04/23 26/04/24 29/04/25 - - -
1INR
Estimates
2026 *2027 *
P/E ratio 25.8x 21x
PBR 3.36x 2.96x
EV / Sales 2.88x 2.64x
Yield 0.07% 0.07%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
1,738.00INR
Average target price
2,226.69INR
Spread / Average Target
+28.12%

Quarterly revenue - Rate of surprise

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