EN DE

Bajaj Finserv Ltd (BAJAJFINSV) Fair Value & Analysis

Financial Services · IN · Market cap ₹3.1T

BF Bajaj Finserv Ltd BAJAJFINSV · NSE
Price₹2,025
Fair Value₹796.96
Upside-60.6%
Quality38/100
Watch Bajaj Finserv Ltd for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 6.6% net margin
High debt · negative free cash flow
0.07% dividend yield
Trails peers (3/13)
Moderate moat 62/100
Evidence: Medium Range ₹444.40 – ₹996.20 Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from ₹682.29 to ₹796.96 (+16.8%) since Jul 13, 2026. Share price +8.3% over the past month.

Below-average quality, and screening another 61% overvalued on our models.

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.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹2,174 ₹1,090 Fair Value ₹796.96 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹1,090 – ₹2,174 · fair‑value band ₹444.40 – ₹996.20 · the ₹2,025 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 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Bajaj Finserv Ltd (BAJAJFINSV) currently trades at ₹2,025, while our model-based Fair Value estimate is ₹796.96, implying the stock looks roughly 60.6% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Bajaj Finserv Ltd 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 13, 2026

Our scenario range runs from ₹444.40 (bear case) to ₹996.20 (bull case); at ₹2,025, 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 8% below its 52-week high and 27% 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 -61%, BAJAJFINSV screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹465.15 ₹586.37 ₹1,596 76
Gordon GGM ₹111.17 ₹242.70 ₹408.35 70
P/E Multiple ₹597.72 ₹796.96 ₹996.20 63
All 9 models by family
DCF Models
Owner Earnings ₹317.94 ₹3,408 31
Earnings-Based
Graham-Dodd ₹416.87 ₹2,907 ₹4,080 54
Lynch FV ₹1,502 ₹2,146 ₹2,789 50
Dividend Discount
Gordon GGM ₹111.17 ₹242.70 ₹408.35 70
DDM Multi-Stage ₹111.17 ₹198.81 ₹252.93 61
Multiples
P/E Multiple ₹597.72 ₹796.96 ₹996.20 63
P/B Multiple ₹511.72 ₹682.29 ₹852.87 55
Asset-Based
NCAV (Graham) ₹243.68 ₹326.53 ₹487.35 50
Economic Profit
Residual Income ₹465.15 ₹586.37 ₹1,596 76

Widest divergence: Earnings-Based (₹2,146) versus Dividend Discount (₹198.81). Highest evidence: Residual Income (76).

Notify me when BAJAJFINSV reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹1.5T
Revenue growth (YoY) +5.3%
Net margin 6.6%
Return on equity 14.6%
Free cash flow −₹522B FY2026
P/E ratio 33.2
More key figures
Operating margin 37.2%
EPS (TTM) ₹60.93
Dividend yield 0.1%
EPS growth (YoY) +5.7%
Net debt ₹3.4T FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 32 · Market factors (momentum, volatility) 61

Profitability 29
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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.

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 Ltd 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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹1.5T
Latest YoY
+125.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+55.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+41.3%
Avg. growth/yr (18Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+50.0%
Revenue +48.4%/yr
FY22 ₹314B
FY23 ₹403B
FY24 ₹540B
FY25 ₹676B
FY26 ₹1.5T
Net income +21.1%/yr
FY22 ₹45.6B
FY23 ₹64.2B
FY24 ₹81.5B
FY25 ₹88.7B
FY26 ₹98.0B
Character of growth · EPS growth decomposed (2015-2026) +18.5 % p.a.
Revenue per share +32.3 pp

of which total revenue +32.3 pp · buybacks/dilution +0.0 pp

EBIT margin −7.7 pp
Tax rate −0.9 pp
Residual (interest, one-offs) −5.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

BAJAJFINSV screens 61% overvalued. Compare with ORIX Corporation →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Bajaj Finserv Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BAJAJFINSV

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.

Quality Score 39 · Bottom 25%
Fair Value upside −61% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 7% · Below median
Operating margin (TTM) 37% · Top 25%
Revenue growth 5% · Below median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 4.62× · Higher than 75% of peers

Valuation Multiples vs Financial Conglomerates median · lower = cheaper

P/E (TTM) 33.2× · Pricier than 75% of peers
P/B 3.93× · Pricier than 75% of peers
P/S (TTM) 2.05× · Pricier than median
EV/EBITDA 11.4× · Pricier than median

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 · sector 9
FUTURE 27 · sector 38
PAST 58 · sector 30
HEALTH 0 · sector 84
DIVIDEND 1 · sector 46

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
ORIX Corporation IX $40.58 $35.47 -13%
China Galaxy Securities Co 601881 ¥12.36 ¥11.34 -8%
Guosen Securities Co 002736 ¥10.12 ¥10.84 +7%
CNPC Capital Company 000617 ¥6.96 ¥6.99 +0%
Aditya Birla Capital Limited ABCAPITAL ₹410.95 ₹119.98 -71%
Freedom Holding FRHC $151.33 $31.31 -79%
Voya Financial, Inc VOYA $99.49 $62.37 -37%
Guangzhou Yuexiu Capital Holdings 000987 ¥7.72 ¥5.63 -27%
Bicecorp S.A BICE 402.36 CLP 261.70 CLP -35%
First Capital Securities Co 002797 ¥6.59 ¥3.26 -51%

Compare Bajaj Finserv Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Bajaj Finserv Ltd (BAJAJFINSV) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹796.96 versus a price of ₹2,025, about −61% (overvalued).
What is the fair value of BAJAJFINSV?
Our model-based fair value for Bajaj Finserv Ltd is ₹796.96 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹2,025.
What is the quality score of BAJAJFINSV?
Bajaj Finserv Ltd has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Bajaj Finserv Ltd (BAJAJFINSV)?
Bajaj Finserv Ltd reported trailing-twelve-month revenue of about ₹1.5T (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BAJAJFINSV?
The net profit margin of Bajaj Finserv Ltd is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.
Does Bajaj Finserv Ltd pay a dividend?
Bajaj Finserv Ltd currently shows a dividend yield of about 0.08% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Bajaj Finserv Ltd and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.