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Bajaj Finance Ltd share Price

Company details

6M Return 33.62%
1Y Return 0.98%
Mkt Cap.(Cr) 472,344.16
Volume 1,948,865
Div Yield 0.40%
OI Chg %
Volume 1,948,865

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Healthy quarter, management rigour holds key for future…
About The Stock

    Bajaj Finance is a dominant player in the consumer finance space while it has also made a foray into various lending segments wherein housing has grown to a significant size.

    • Consumer business forms ~33% of overall consolidated AUM 
    • Bajaj Finance maintained strong operating metrics over various credit and rate cycles leading to >18% RoE and >3.5% RoA consistently
Q4FY22- Healthy business momentum, improved asset quality
    • Strong NII growth at 30% YoY largely in line with estimates at ₹ 6064 crore
    • C/I steady to 34.6% vs. 34.7% QoQ as costs were controlled
    • GNPA, NNPA ratio declined to 1.60%, 0.68%, respectively, in Q4FY22
    • PAT grew 80% YoY and 14% QoQ to ₹ 2420 crore

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Non-banking financial company Bajaj Finance announced Q1FY24 results:

  • Number of new loans booked during Q1FY24 grew by 34% to 9.94 million as against 7.42 million in Q1FY23, the highest ever new loans in a quarter.
  • Customer franchise stood at 72.98 million as of 30 June 2023 as compared to 60.30 million as of 30 June 2022, a growth of 21%. The company recorded the highest-ever quarterly increase in its customer franchise of 3.84 million in Q1FY24.
  • Assets under management (AUM) grew by 32% to Rs 2,70,097 crore as of 30 June 2023 from Rs 2,04,018 crore as of 30 June 2022. The company recorded the highest-ever quarterly increase in its AUM of Rs 22,718 crore in Q1FY24. AUM mix remained stable in Q1FY24.
  • Net interest income for Q1FY24 increased by 26% to Rs 8,398 crore from Rs 6,640 crore in Q1FY23.
  • Operating expenses to net interest income for Q1FY24 was 34.0% as against 35.9% in Q1FY23.
  • Loan losses and provisions for Q1FY24 were Rs 995 crore as against Rs 755 crore in Q1FY23. The Company holds a management and macro-economic overlay of Rs 840 crore as of 30 June 2023.
  • Profit before tax for Q1FY24 increased by 30% to Rs 4,551 crore from Rs 3,503 crore in Q1FY23.
  • Profit after tax for Q1FY24 increased by 32% to Rs 3,437 crore from Rs 2,596 crore in Q1FY23. Adjusted for the reversal of deferred tax liability of Rs 73 crore, profit after tax for Q1FY24 grew by 30%.
  • Gross NPA and Net NPA as of 30 June 2023 stood at 0.87% and 0.31% respectively, as against 1.25% and 0.51% as of  June 30, 2022. The Company has a provisioning coverage ratio of 65% on stage 3 assets as of 30 June 2023. 
  • Capital adequacy ratio (including Tier-Il capital) as of 30 June 2023 was 24.61%. The Tier-I capital was 23.01%.
  • The Company enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL, ICRA, CARE and India Ratings, A1 for its short-term debt programme from CRISIL, ICRA and India Ratings and AAA (Stable) for its fixed deposits programme from CRISIL and ICRA.
  • The Company has been assigned a long-term issuer rating of BBB-/Stable and a short-term issuer rating of A-3 by S&P Global ratings for the external commercial borrowings (ECB) programme.


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Investment recommendation
Healthy quarter, management rigour holds key for future…
Call Date
27 Apr 2023
Entry Price 6,200.00
Target Price 7,250.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Bajaj Finance Ltd Stocks COMPARISION


Equity Capital: 54,371.98 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 12,500.03 -6,885.48
LAST 3M 36,702.89 2,100.69
LAST 6M 45,999.05 152,168.44
LAST 12M 133,371.71 158,810.39
Bajaj Finance to hold board meeting

Sep 22, 2023 l BSE Announcement

Bajaj Finance Limited - Issue of Securities

Sep 20, 2023 l NSE Announcement

Date Action Type Ratio
Jun 30, 2023 Dividend 1500
Jun 30, 2022 Dividend 1000
Jul 08, 2021 Dividend 500

Bajaj Finance Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Bajaj Finance Ltd. is a Pune-based finance company operating in the NBFC sector. It has a market capitalisation worth Rs. 453,505 crore as of April 4, 2022. On March 25, 1987, the company was incorporated as Bajaj Auto Finance Limited. As of December 2021, it reported consolidated net sales worth Rs. 8,532.58 crore, up 28.19% Y-o-Y. The company is listed on the Bombay Stock Exchange (BSE) with the code 500034 and the National Stock Exchange (NSE) with the code BAJFINANCE.

    Bajaj Finance Ltd. (BFL) is a subsidiary of Bajaj Finserv. It is involved in the business of lending and the acceptance of deposits. The company’s portfolio is diversified across retail, commercial, and SME customers with a significant presence in urban and rural India. Its primary revenue segments include interest, income from the sale of shares and securities, fees and commission income, and other operating revenue and service charges.

    The company was founded by Mr. Rahul Bajaj, who received the Padma Bhushan in 2001. Currently, Mr. Sanjiv Bajaj is the Chairman, and Mr. Rajeev Jain is the Managing Director. Mr. Sanjiv Bajaj received the coveted Business Leader of the Year Award at the ET Awards 2018. He was also the recipient of the EY Entrepreneur of the Year Award in 2017.

    Bajaj Finserv Ltd., the parent company, holds 52.65% of the total Bajaj Finance shares. Maharashtra Scooters Ltd., Government of Singapore, AXIS Long Term Equity Fund, and Smallcap World Fund INC are some of the other major investors. The FII, DII, and public holding is 22.85%, 10.11%, and 10.9%, respectively. The PE ratio of Bajaj Finance Ltd. as of April 4, 2022, is 75.36, while the PB ratio is 0.09.

    Investors compare Bajaj Finance Ltd. with Mahindra & Mahindra Financial Services Ltd., Bajaj Holdings, HDFC, SBI Cards, and Dhani Services Ltd. The Bajfinance share price has gone down by 2.66% over the last six months.

    The Bajaj Finance share price on NSE on April 4, 2022, was Rs. 7,490.65. The Bajaj Finance share price today on BSE was Rs. 7,488.65. The 52-week range for Bajaj Finance share price was the lowest at Rs. 4,361.60 and the highest at Rs. 8,043.50.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Mumbai-Pune Road, Akurdi, Pune, Maharashtra, 411035

Tel : 91-20-30405060/71576403
Email : investor.service:bajajfinserv.in
Website : http://www.bajajfinserv.in

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AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500034
Book Closure Date (Month) :
BSE Group : A
ISIN : INE296A01024

FAQ’s on Bajaj Finance Ltd Shares

You can buy Bajaj Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Bajaj Finance Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 25, 2023 02:09 PM the closing price of Bajaj Finance Ltd was ₹ 7,795.50.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 25, 2023 02:09 PM, the market cap of Bajaj Finance Ltd stood at ₹ 472,344.16.

The latest PE ratio of Bajaj Finance Ltd as of Sep 25, 2023 02:09 PM is 36.64

The latest PB ratio of Bajaj Finance Ltd as of Sep 25, 2023 02:09 PM is 0.12

The 52-week high of Bajaj Finance Ltd is ₹ 7,999.90 while the 52-week low is ₹ 5,485.70

According to analyst recommendations, Bajaj Finance Ltd has a “Buy” rating for the long term.

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