Bajaj Finserv Limited (BAJAJFINSV) Fair Value & Analysis
Financial Services · IN · Market cap ₹3.1T (≈ $32.5B) · ISIN INE918I01026
What is Bajaj Finserv Limited really worth?
Below-average quality, and trading another 147% above our fair value of ₹796.96.
Risks
For context
Fair value as of: Aug 31, 2026
From 9 valuation models · updated 5 days ago
Share price −5.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹996.20). The favourable scenario is already priced in.
- Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (₹444.40 to ₹996.20) leaves room in how you read the outcome.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.
How to read this chart
60‑month range ₹1,090 – ₹2,174 · fair‑value band ₹444.40 – ₹996.20 · the ₹1,970 price screens above the ₹796.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.
Analysis
Bajaj Finserv Limited (BAJAJFINSV) currently trades at ₹1,970, while our model-based Fair Value estimate is ₹796.96, implying the stock looks roughly 147.2% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Financial Services sector. Bull case: the Earnings-Based group reads highest at a median of ₹2,146 per share, and 2 of the 9 models we run sit above the ₹1,970 price. Bear case: the Dividend Discount group reads lowest at ₹198.81, and 7 of the 9 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Bajaj Finserv Limited generated revenue of ₹1.5T at a net margin of 6.6%. Revenue grew 5.3% year over year. It earns a return on equity of 14.6%. Net debt stands at ₹3.4T. Fundamentals as of Aug 31, 2026
Our scenario range runs from ₹444.40 (bear case) to ₹996.20 (bull case); at ₹1,970, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −27% fair-value upside, at −60%, BAJAJFINSV screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹25.58 per share, which is 3.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 9 models by family
Widest divergence: Earnings-Based (₹2,146) versus Dividend Discount (₹198.81). Highest evidence: Owner Earnings (71).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 32 · Market factors (momentum, volatility) 61
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Bajaj Finserv Ltd., through its subsidiaries, provides financial services in India. The company operates through Life Insurance, General Insurance, Windmill, Retail Financing, and Investments and Others segments.
Full company description
Bajaj Finserv Ltd., through its subsidiaries, provides financial services in India. The company operates through Life Insurance, General Insurance, Windmill, Retail Financing, and Investments and Others segments. It offers personal, business, home, home renovation, commercial, car, and gold loans; two- and three-wheeler loans; mortgages; education loans; unsecured and secured loans to small and medium-sized enterprises and professionals, as well as micro, small and medium enterprises; loans against properties, securities, car, mutual funds, bonds, and insurance policy; financing for products, such as consumer electronics, digital, lifecare, furniture, etc.; developer financing; and lease rental discounting products. The company also provides investment products, including fixed deposits, systematic deposit plans, and mutual funds; savings products; life, health, motor, fire, engineering, liabilities, marine, crop, car, two-wheeler, pet, home, travel, and personal accident insurance products; wealth management and retirement planning services; healthcare services comprising wellness, outpatient, and inpatient services; and wallets and credit cards. In addition, it offers pocket subscription plans; bill and recharge services; digital technology services; and trading and demat account, stock broking, margin trading, and HNI and retail broking services, as well as gold loans. Further, the company owns and operates 138 windmills with total installed capacity of 65.2 megawatts. Bajaj Finserv Ltd. was incorporated in 2007 and is based in Pune, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Bajaj Finserv Limited reported revenue of ₹1.5T in FY2026 versus ₹314B in FY2022, a compound +48.4%/yr. Reported net income was ₹98.0B in FY2026, compounding +21.1%/yr from FY2022.
of which total revenue +32.3 % · buybacks/dilution +0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
BAJAJFINSV screens 147% overvalued. Compare with ORIX Corporation →
Peer Group
Financial Conglomerates · 55 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Financial Conglomerates median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ORIX Corporation IX | $39.73 | $35.47 | −11% |
| China Galaxy Securities Co 601881 | ¥12.36 | ¥11.34 | −8% |
| Guosen Securities Co 002736 | ¥10.24 | ¥10.84 | +6% |
| CNPC Capital Company 000617 | ¥6.96 | ¥6.99 | +0% |
| Aditya Birla Capital Limited ABCAPITAL | ₹410.95 | ₹119.98 | −71% |
| Freedom Holding FRHC | $171.87 | $31.31 | −82% |
| Voya Financial, Inc VOYA | $99.49 | $62.37 | −37% |
| Storebrand ASA STB | kr 200.40 | kr 46.42 | −77% |
| Guangzhou Yuexiu Capital Holdings 000987 | ¥7.65 | ¥5.62 | −27% |
| Bicecorp S.A BICE | 396.11 CLP | 261.70 CLP | −34% |
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