Bajaj Finserv
- Market cap
- ₹ 2,65,301 Cr.
- P/E
- 25.8x
- P/B
- 3.44x
- 52-week range
- 1,597 – 2,188.7
- ROE
- 13%
- ROCE
- 11%
- Dividend yield
- 0.1%
- Debt / equity
- 5.52
- Sector
- Finance
- Industry
- Holding Company
- Listed on
- NSE, BSE
About
Bajaj Finserv Limited is a holding company for various financial services businesses. It is engaged in the business of promoting financial services such as finance, insurance, broking, investments, and others, including distribution using digital platforms through its investments in subsidiaries and joint ventures. It is also engaged in the business of generating power through wind turbines, a renewable source of energy. Its segments include Life Insurance, General Insurance, Retail Financing, and Windmill, Platforms & other Investments. It focuses on commercial lending; personal loans; small and medium enterprise lending; rural lending; loan against securities, and partnerships and services. It serves various customers through its subsidiaries by providing financial products and services for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Holding Company: 15 companies →Bajaj Finserv against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)25.8 against a typical 9.6: pricier than most peers (1st = cheapest).12th of 15
- Sales growth+19.1% against a typical +20.2% from a year earlier.8th of 14
- Profit growth+18.2% against a typical +28.6% from a year earlier.8th of 12
- Share price, 3 months−14.1% against a typical −8.7%.11th of 15
- Size₹ 2,65,301.4 Cr. market value against a typical ₹ 1,425.4 Cr. (1st = largest).1st of 14
Latest announcements
Exchange filings and their impact on the company.
- Bajaj General Insurance names insider Deepak Reddy as CEO-designate to succeed Tapan Singhel from April 2027.
Bajaj Finserv said its material unlisted subsidiary Bajaj General Insurance has appointed Deepak Reddy as CEO Designate from 1 January 2027, to take over as MD & CEO from 1 April 2027 subject to IRDAI approval. Incumbent Dr. Tapan Singhel will continue until 31 March 2027 to ensure a seamless handover. The change is in line with IRDAI's 15-year maximum tenure rule and signals continuity, with an insider who spent 17 years at Bajaj Finserv and led Rural, Insurance and Gold Loan businesses at Bajaj Finance.
- Bajaj Finserv incorporates Bajaj Reinsurance as a wholly owned subsidiary to enter reinsurance, pending regulatory approvals.
Bajaj Finserv has incorporated a wholly owned subsidiary, Bajaj Reinsurance Limited, on 17 October 2026 to carry on reinsurance business. This follows board approval on 31 July 2026 to pursue reinsurance through a subsidiary. The new company cannot start operations until it receives necessary regulatory approvals, so there is no immediate financial impact but it opens a new long-term business line.
- Insurance subsidiaries post strong September growth, with life new business up ~40% YTD.
Bajaj Finserv disclosed provisional September 2026 numbers for its unlisted insurance arms. Bajaj General Insurance wrote Rs 2,363 crore in September (+6.5% YoY) and Rs 12,798 crore YTD (+10.8% YoY). Bajaj Life Insurance did Rs 1,830.86 crore new business in September (+33.2% YoY) and Rs 8,847.81 crore YTD (+39.8% YoY), led by group single and individual single premium. The strong momentum supports higher consolidated premium income and earnings over the next year.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results | To consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. |
| 31 Jul 2026 | Financial Results | To consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter ended 30 June 2026. |
| 30 Apr 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend, if any. |
| 4 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 11 Nov 2025 | Financial Results | To consider and approve the standalone and consolidated financial results for the quarter and half year ended September 30, 2025 |
| 25 Jul 2025 | Other business matters | Bajaj Finserv Limited has informed the Exchange regarding prior intimation of Board Meeting to be held on 25 July 2025 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended 30 June 2025. |
| 29 Apr 2025 | Financial Results/Dividend | To consider and approve the audited financial results for the quarter and year ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26,023 | 29,038 | 32,041 | 31,480 | 33,704 | 32,042 | 36,595 | 35,288 | 37,403 | 39,708 | 38,494 | 42,037 |
| Expenses | 16,073 | 18,601 | 21,108 | 19,655 | 21,420 | 19,669 | 23,868 | 20,973 | 23,352 | 25,842 | 23,983 | 24,896 |
| Operating Profit | 9,950 | 10,438 | 10,933 | 11,825 | 12,283 | 12,373 | 12,728 | 14,315 | 14,050 | 13,866 | 14,511 | 17,141 |
| OPM % | 38% | 36% | 34% | 38% | 36% | 39% | 35% | 41% | 38% | 35% | 38% | 41% |
| Other Income | 0 | 2 | 4 | 3 | 3 | 3 | 10 | 13 | 3 | −378 | 25 | 5 |
| Interest | 4,449 | 4,777 | 5,154 | 5,592 | 6,046 | 6,276 | 6,396 | 6,807 | 6,901 | 7,232 | 7,291 | 7,834 |
| Depreciation | 209 | 232 | 257 | 267 | 275 | 288 | 339 | 317 | 327 | 330 | 317 | 380 |
| Profit before tax | 5,292 | 5,431 | 5,527 | 5,968 | 5,966 | 5,812 | 6,002 | 7,204 | 6,825 | 5,926 | 6,928 | 8,932 |
| Tax % | 29% | 26% | 26% | 29% | 30% | 24% | 21% | 26% | 30% | 26% | 25% | 30% |
| Net Profit | 3,756 | 4,045 | 4,085 | 4,209 | 4,180 | 4,412 | 4,756 | 5,329 | 4,746 | 4,368 | 5,226 | 6,297 |
| EPS in Rs | 12.09 | 13.52 | 13.28 | 13.39 | 13.07 | 13.97 | 15.14 | 17.46 | 14.04 | 13.95 | 15.86 | 19.57 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 22%
- 5 Years
- 20%
- 3 Years
- 22%
- TTM
- 15%
- 10 Years
- 18%
- 5 Years
- 17%
- 3 Years
- 16%
- TTM
- 8%
- 10 Years
- 22%
- 5 Years
- 6%
- 3 Years
- 11%
- TTM
- —
- 10 Years
- 14%
- 5 Years
- 14%
- 3 Years
- 14%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Bajaj Finserv | ₹ 1,652.40 | ₹ 2,65,301 Cr. | 25.8x | 3.4x | 13% | — |
| HDFC Life Insurance Company | ₹ 523.50 | ₹ 1,13,735 Cr. | 62.7x | 6.9x | 10.8% | 1.9% |
| Aditya Birla Capital | ₹ 346.75 | ₹ 94,929 Cr. | 21.1x | 3.1x | 11.6% | 8.6% |
| General Insurance Corporation of India | ₹ 323.80 | ₹ 56,840 Cr. | 6.6x | 1.1x | 17.9% | 18.6% |
| Canara HSBC Life Insurance Company | ₹ 124.90 | ₹ 11,881 Cr. | 112.6x | 8.9x | — | 1.2% |
Management
- Sanjiv Rahulkumar Bajaj
- Executive Chairman of the Board, Managing Director
- Ramandeep Singh Sahni
- Chief Financial Officer
- Anish Praful Amin
- President - Group Risk, Assurance and Human Resources
- Tarun Chugh
- Managing Director, Chief Executive Officer of Bajaj Allianz Life Insurance Company Ltd
- Kurush Irani
- President - Corporate Social Responsibility
- Lakshmi Iyer
- Group President Investments
- V. Rajagopalan
- President - Legal and Taxation
- N. Srinivasa Rao
- Chief Economist and President - Corporate Affairs
Prices are delayed and for information only. Nothing on this page is investment advice.