A fundamental analysis of Bajaj Finance Ltd. (BAJFINANCE) covering revenue trends, profitability, valuation, and shareholding patterns.
Bajaj Finance Revenue Trend
A 26.8% jump in revenue took Bajaj Finance Ltd.'s top line to ₹69,725 Cr in FY2025.
Zoom out, and the growth is clear: Bajaj Finance Ltd.'s revenue compounded at 29.1% annually over 10 years, comfortably beating inflation and then some.
A ₹69,725 Cr revenue base makes Bajaj Finance Ltd. a major name in the Indian financial institution sector.
The consistency stands out: 10 consecutive years of growth in top-line revenue.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹69,725 Cr | +26.8% |
| FY2024 | ₹54,983 Cr | +32.8% |
| FY2023 | ₹41,406 Cr | +30.8% |
| FY2022 | ₹31,648 Cr | +18.6% |
| FY2021 | ₹26,683 Cr | — |
View Bajaj Finance Ltd.'s full 10-year revenue trend with CAGR analysis →
Bajaj Finance Profitability
Earnings came in strong at ₹16,779 Cr for FY2025, marking a 16.1% gain over the ₹14,451 Cr posted in FY2024.
Net margin slipped from 26.3% to 24.1% in FY2025 — a sign of thinning profitability.
Looking at per-share numbers, diluted EPS was ₹26.82 in FY2025 — up from ₹23.60.
Is Bajaj Finance Undervalued
Running the numbers through the P/E Ratio model gives a fair value of ₹1,168 for Bajaj Finance Ltd..
Bajaj Finance Ltd. shares are currently trading at ₹876.80.
Craytheon also calculates intrinsic value using the EPS Growth, P/B Ratio, and DDM models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | Upgrade | Upgrade |
| EPS Growth | Upgrade | Upgrade |
| P/B Ratio | ₹1,168 | 33.2% upside to fair value |
| DDM | Upgrade | Upgrade |
See all valuation models for Bajaj Finance Ltd. with detailed assumptions →
Bajaj Finance Shareholding Pattern
Promoters haven't moved — their 54.7% holding has been unchanged for 4 quarters.
Foreign institutions moved their stake down to 21.3% from 21.7% over the past year.
Domestic institutions moved their stake up to 15.2% from 14.6% over the past year.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 54.7% | 21.3% | 15.2% | 8.7% |
| Dec 2025 | 54.7% | 21.5% | 14.9% | 8.8% |
| Sep 2025 | 54.7% | 22.0% | 14.5% | 8.8% |
| Jun 2025 | 54.7% | 21.7% | 14.6% | 8.9% |
Track quarterly shareholding changes for Bajaj Finance Ltd. →
Bajaj Finance Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹4,661.27B at the end of FY2025, up 24.1% from ₹3,757.42B a year earlier.
Other Assets is the largest block at 88.5%, followed by Cash & ST Investments at 10.3% and Property, Plant & Equipment at 0.6%.
Equity makes up 21.2% of liabilities and equity, with debt at 77.5% and operating liabilities at 1.3%. Over the year, debt is up 57.3% and equity is up 29.0%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 479.84B |
| Receivables | 19.13B |
| Property, Plant & Equipment | 27.16B |
| Intangibles & Goodwill | 11.06B |
| Other Assets | 4,124.08B |
| Category | Value |
|---|---|
| Equity | 989.37B |
| Short-term Debt | 3,612.49B |
| Trade Payables | 18.78B |
| Other Liabilities | 40.63B |
Bajaj Finance Key Takeaways
In summary, Bajaj Finance Ltd. (BAJFINANCE) presents the following picture for fundamental analysts.
Revenue of ₹69,725 Cr in FY2025, up 26.8% year-over-year.
Long-term revenue has been compounding at 29.1% annually over 10 years.
The company is profitable, with a net margin of 24.1% and net income of ₹16,779 Cr.
The P/B Ratio model implies 33.2% upside to fair value from the current price. The remaining three models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Get the complete view of Bajaj Finance Ltd. on Craytheon — 10 years of financials, four valuation models, and institutional holding trends.