Bajaj Finance logo

Bajaj Finance share price

NSE: BAJFINANCEBSE: 500034FinanceLarge Cap

Bajaj Finance Limited · Formerly Bajaj Auto Finance · Face value ₹1 · Listed Jun 1994 on BSE, Apr 2003 on NSE
Last close ₹938.90up ₹21.65 (2.36%)BSE ₹940.70

Share price at the NSE close on 29 Oct 2026. Previous close ₹917.25.

29 Oct: open ₹915.00, high ₹943.30, low ₹908.75

52-week range of traded prices to 29 Oct 2026
₹787.90Low, 23 Mar 2026₹1,176.40High, 3 Aug 2026
Market cap
₹5,84,555 Cr7th largest listed
P/E
26.95
P/B
4.75
Dividend yield
0.64%
ROE
19.2%
NIM
9.08%
Cost of funds
7.20%
Credit cost
2.09%
ROA
3.77%
Leverage
4.75times net worth
Volume, NSE
86,59,75360.3% delivered

Bajaj Finance share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−11.7%over a year · Nifty Financial Services −10.5% · Nifty 500 −8.4%

ResultsDividend20-session average 82,15,073 shares a day, 59.2% delivered

About Bajaj Finance

Bajaj Finance Limited is a deposit-taking non-banking financial company (NBFC, a lender that is not a bank) registered with the Reserve Bank of India.1 It lends to individuals, micro, small and medium businesses (MSMEs) and companies in urban and rural India, takes deposits and runs a payments business.1

It focuses on 11 broad categories: consumer lending, personal loans, MSME lending, wheels financing (vehicle loans), rural lending, gold loans, microfinance, commercial lending, loans against securities, deposits, and partnerships and services.2 Its consumer finance business lends for purchases of consumer electronics, furniture, digital products, two-wheelers, lifestyle products and e-commerce goods.3 Its listed subsidiary Bajaj Housing Finance Limited offers home loans, loans against property, lease rental discounting (loans repaid from a property's rent), developer finance and unsecured loans.45 Its wholly owned subsidiary Bajaj Financial Securities Limited is a stockbroker and depository participant.67

It was incorporated on 25 March 1987 to finance two- and three-wheelers, and its shares were listed on the Bombay Stock Exchange on 7 June 1994 and on the National Stock Exchange on 1 April 2003.8 It later moved into consumer, MSME, commercial and rural lending, payments and deposits.7

The company is a subsidiary of Bajaj Finserv Limited and part of the Bajaj Group, founded in 1926; the promoter group held 54.67% of its shares on 30 September 2026.7910

Bajaj Finance key points

Results

  • Consolidated net total income (interest earned less interest paid, plus fees) rose 23% to ₹15,974 crore in the quarter to Sep 2026, from ₹12,982 crore a year earlier.11
  • In the same quarter, pre-provisioning operating profit (profit before loan-loss charges and tax) rose 23% to ₹10,699 crore, consolidated profit before tax 29% to ₹8,537 crore and profit after tax 29% to ₹6,367 crore.12
  • In the year to Mar 2026, consolidated net total income, as the company presents it, rose 21% to ₹53,324 crore and profit after tax 15% to ₹19,332 crore, or 24% to ₹20,689 crore before one-time actions (extra loan-loss provision, a one-off item).1314
  • Annualised return on equity (profit as a share of shareholders' funds) was 20.6% in the quarter to Sep 2026, against 19.1% a year earlier.15

Market position

  • The company puts its share of India's overall credit market at around 3% and says it serves 1 in 3 Indian households.1617

Loan book and deposits

  • Consolidated assets under management (AUM, loans the group manages) were ₹584,624 crore at the end of September 2026, up 26% from ₹462,261 crore a year earlier.18
  • Consolidated lending AUM by business19
    Itemend of Sep 2026
    Mortgages (loans against homes and property)32%
    Urban lending30%
    MSME (small and medium businesses)13%
    Commercial (companies)13%
    Rural lending12%
  • Deposits were ₹69,754 crore at the end of September 2026, 14% of consolidated borrowings.20

Asset quality and capital

  • On a consolidated basis, gross non-performing assets (loans whose repayments have stopped) were 1.06% of loans and net NPAs (after provisions) 0.42% at the end of September 2026, against 1.24% and 0.60% a year earlier.21
  • Stage 2 and 3 loans (loans showing stress or in default) rose ₹1,601 crore in the quarter to Sep 2026 to 2.02% of loans, from 1.87% in the quarter to Jun 2026; ₹1,047 crore of the rise came from gold loan schemes no longer offered.22
  • Loan losses and provisions were ₹2,166 crore in the quarter to Sep 2026, against ₹2,080 crore a year earlier, and included a ₹337 crore management and macro-economic provision.23
  • On a standalone basis, Bajaj Finance's capital adequacy (capital held against risk-weighted loans) was 20.33% at the end of September 2026; its long-term borrowing is rated AAA (the top grade) with a stable outlook by CRISIL, ICRA, CARE and India Ratings.2425

Branches and reach

  • The company had 4,091 locations at the end of September 2026, 1,515 of them urban and 2,576 rural.2627
  • Its customer franchise (the customers it has served) was 128.85 million at the end of September 2026, with 4.42 million added in the quarter.28
  • The company stated in its annual report for the year to Mar 2026 that its long-range strategy aims for 4,600 to 4,900 locations by Mar 2030, against 4,098 in the year to Mar 2026.29

Subsidiaries

  • Bajaj Housing Finance. Its AUM grew 25% to ₹158,205 crore at the end of September 2026, and its profit after tax rose 18% to ₹757 crore in the quarter.3031
  • Bajaj Financial Securities. Its AUM rose 59% to ₹12,058 crore at the end of September 2026, and its profit after tax rose 36% to ₹64 crore in the quarter.32
  • On its earnings call of 30 Jul 2026, the company said it plans to bring its holding in Bajaj Housing Finance down from 86.7% to 75%, with no date given, and that this would most likely come before any capital raise.33

What the company expects

  • In its presentation of 19 Oct 2026, the company said it expects to disburse 60 to 62 million new loans and add 18 to 20 million new customers in the year to Mar 2027.34
  • In its presentation of 19 Oct 2026, the company said it expects to end the year to Mar 2027 with 2,700 to 2,800 gold loan branches and 520 to 550 microfinance branches, and plans to open 150 to 175 new locations.35
  • In its presentation of 19 Oct 2026, the company set consolidated corridors (ranges it aims to stay within) of 23% to 25% AUM growth, 23% to 24% profit growth, gross NPAs below 1.4%, net NPAs below 0.5% and return on equity of 19% to 21%.36

Recent events

  • On 1 Oct 2026, the board approved raising up to ₹11,700 crore through a qualified institutions placement (a share sale to institutions) and up to ₹5,800 crore through warrants (rights to buy shares later) issued to Bajaj Finserv Limited, subject to regulatory and shareholder approvals.3738
  • On 2 Dec 2025, the company sold 166,600,000 Bajaj Housing Finance shares in a bulk deal, towards minimum public shareholding rules, cutting its stake from 88.75% to 86.70% and booking a gain of ₹1,416 crore.39

Last updated

All 39 sources, each with its page
  1. 1. Annual report, 7 Jul 2026, page 66
  2. 2. Annual report, 7 Jul 2026, page 69
  3. 3. Annual report, 7 Jul 2026, page 77
  4. 4. Annual report, 7 Jul 2026, page 419
  5. 5. Annual report, 7 Jul 2026, page 20
  6. 6. Annual report, 7 Jul 2026, page 176
  7. 7. Annual report, 7 Jul 2026, page 66
  8. 8. Annual report, 7 Jul 2026, page 66
  9. 9. Annual report, 7 Jul 2026, page 41
  10. 10. Investor presentation, 19 Oct 2026, page 25
  11. 11. Investor presentation, 19 Oct 2026, page 7
  12. 12. Investor presentation, 19 Oct 2026, page 8
  13. 13. Annual report, 7 Jul 2026, page 70
  14. 14. Annual report, 7 Jul 2026, page 66
  15. 15. Investor presentation, 19 Oct 2026, page 8
  16. 16. Annual report, 7 Jul 2026, page 106
  17. 17. Annual report, 7 Jul 2026, page 41
  18. 18. Investor presentation, 19 Oct 2026, page 6
  19. 19. Investor presentation, 19 Oct 2026, page 24
  20. 20. Investor presentation, 19 Oct 2026, page 6
  21. 21. Investor presentation, 19 Oct 2026, page 8
  22. 22. Investor presentation, 19 Oct 2026, page 7
  23. 23. Investor presentation, 19 Oct 2026, page 7
  24. 24. Investor presentation, 19 Oct 2026, page 29
  25. 25. Investor presentation, 19 Oct 2026, page 31
  26. 26. Investor presentation, 19 Oct 2026, page 6
  27. 27. Investor presentation, 19 Oct 2026, page 29
  28. 28. Investor presentation, 19 Oct 2026, page 6
  29. 29. Annual report, 7 Jul 2026, page 72
  30. 30. Investor presentation, 19 Oct 2026, page 15
  31. 31. Investor presentation, 19 Oct 2026, page 17
  32. 32. Investor presentation, 19 Oct 2026, page 19
  33. 33. Earnings call, 30 Jul 2026, page 14
  34. 34. Investor presentation, 19 Oct 2026, page 6
  35. 35. Investor presentation, 19 Oct 2026, page 6
  36. 36. Investor presentation, 19 Oct 2026, page 23
  37. 37. Exchange filing, 1 Oct 2026, page 1
  38. 38. Exchange filing, 1 Oct 2026, page 3
  39. 39. Annual report, 7 Jul 2026, page 69

Results

Consolidated; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Bajaj Finance quarterly results

Income from operations growth, 12 months
+18.8%
Net profit growth, 12 months
+18.5%

Quarter to Sep 2026, against the quarter before

Income from operations
₹24,546 Crup 5.96%
Net profit
₹6,367 Crup 4.70%

Income from operations by quarter

₹18,035 CrDec 24₹18,457 CrMar 25₹19,524 CrJun 25₹20,179 CrSep 25₹21,214 CrDec 25₹21,606 CrMar 26₹23,165 CrJun 26₹24,546 CrSep 26
Peak income from operations ₹24,546 Cr, quarter to Sep 2026; lowest ₹18,035 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹4,308 CrDec 24₹4,546 CrMar 25₹4,765 CrJun 25₹4,948 CrSep 25₹4,066 CrDec 25₹5,553 CrMar 26₹6,081 CrJun 26₹6,367 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Income from operations18,03518,45719,52420,17921,21421,60623,16524,546
Net profit4,3084,5464,7654,9484,0665,5536,0816,367
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, NBFC, which carries all its revenue.

Valuation

Today, against the company's own history.Bajaj Finance PE ratio and valuation

Price to earnings

At or below today's level on 3% of 2,467 trading days over the last 10 years.

LowestHighest
Its median40.35Industry median19.48
Price to book

At or below today's level on 1% of 1,975 trading days since Oct 2018.

LowestHighest
Its median7.83Industry median1.08
Dividend yield

At or below today's level on 97% of 2,455 trading days over the last 10 years.

LowestHighest
Its median0.28%Industry median0.79%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−9.6%+13.8%−21.2%0.7%
3 years+13.2%+17.1%−3.9%0.6%
5 years+9.8%+33.0%−17.8%0.5%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Bajaj Finance shareholding pattern

Shareholding by group

  • Promoters54.67%
  • Foreign institutions19.79%
  • Indian institutions17.05%
  • Individuals and others8.46%
  • Employee trusts0.03%
Holder
BAJAJ FINSERV LIMITEDPromoter51.30%
MAHARASHTRA SCOOTERS LIMITEDPromoter3.06%
Life Insurance Corporation of IndiaInsurance companies2.99%
NPS TrustProvident and pension funds1.60%
SANJIVNAYAN BAJAJPromoter0.08%
BAJAJ SEVASHRAM PRIVATE LIMITEDPromoter0.05%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.42 pts, Indian institutions +0.65 pts, mutual funds +0.69 pts.

The filing reports 1,55,00,000 of its 6,22,59,54,304 shares locked in.

Mutual fund holdings

509 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 169 of the 253 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 509 funds holding Bajaj Finance

Bought for the first time
2
Bought again
8
Added
170
Cut
83
Held unchanged
243
Sold out
4
Fund
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund5,29,22,9682.50%₹5,077.4 Cr
SBI Mutual Fund logoSBI Focused FundSBI Mutual Fund4,70,00,0008.99%₹4,509.2 Cr
SBI Mutual Fund logoSBI BSE Sensex ETFSBI Mutual Fund3,59,73,4642.99%₹3,457.9 Cr
SBI Mutual Fund logoSBI Aggressive Hybrid FundSBI Mutual Fund2,30,00,0002.56%₹2,206.6 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund1,81,49,6922.50%₹1,741.3 Cr
Nippon India Mutual Fund logoNippon India ETF Nifty 50 BeESNippon India Mutual Fund1,69,89,8092.50%₹1,630.0 Cr
UTI Mutual Fund logoUTI BSE Sensex ETFUTI Mutual Fund1,69,51,0142.99%₹1,629.4 Cr
Nippon India Mutual Fund logoNippon India Large Cap FundNippon India Mutual Fund1,65,34,1843.09%₹1,586.3 Cr
Axis Mutual Fund logoAxis Large Cap FundAxis Mutual Fund1,50,49,5624.94%₹1,443.9 Cr
UTI Mutual Fund logoUTI Flexi Cap FundUTI Mutual Fund1,29,63,4845.53%₹1,243.7 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Bajaj Finance insider trading

Bought on the market Sold on the market
  • Promoters and promoter group13 purchases, 1 sale₹1,145 Cr₹30 CrNet₹1,115 Cr26 pledge filings of unclear kind
  • Directors and key managers0 purchases, 1 saleNo purchase₹34 CrNet−₹34 Cr1 pledge created · 1 pledge released · 1 off-market move
  • Others: no market trade · 66 pledge filings of unclear kind · 1 off-market move
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Bajaj Finance competitors and peers

Non Banking Financial Company (NBFC), 277 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Bajaj Finance in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Shriram Finance logoShriram FinanceSHRIRAMFIN1,97,91515.601.78+13.8%+28.6%14.7%–3.26%9.00%1.49%
Tata Capital logoTata CapitalTATACAP1,38,53123.222.83––14.0%–––0.17%
Cholamandalam Investment and Finance Company logoCholamandalam Investment and Finance CompanyCHOLAFIN1,37,56222.113.98+21.1%+33.9%20.6%–2.34%6.79%0.12%
Muthoot Finance logoMuthoot FinanceMUTHOOTFIN1,00,2518.812.56+50.7%+84.8%33.2%–6.46%12.81%1.20%
SBI Cards and Payment Services logoSBI Cards and Payment ServicesSBICARD51,38919.702.99+5.8%+36.0%16.3%–3.29%11.24%0.46%
Piramal Finance logoPiramal FinancePIRAMALFIN44,12723.241.43––6.5%–––0.59%
Sundaram Finance logoSundaram FinanceSUNDARMFIN43,86819.762.95+13.7%+15.6%15.8%–2.56%4.60%1.01%
Authum Investment & Infrastructure logoAuthum Investment & InfrastructureAIIL42,47420.282.88−34.5%−48.8%14.2%13.3%––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company does not file a lender's accounts or has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

Dividends

Per share, by the year it was paid for, and the latest payments.Bajaj Finance dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.4Mar 170.4Mar 180.6Mar 191Mar 201Mar 212Mar 223Mar 233.6Mar 245.6Mar 256Mar 26
Highest ₹6.00 a share, year to Mar 2026.
Ex-dateTypePer share
30 Jun 2026Final₹6.00
30 May 2025Final₹44.00
9 May 2025Special₹12.00
21 Jun 2024Final₹36.00
30 Jun 2023Final₹30.00
30 Jun 2022Final₹20.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Bajaj Finance announcements

Bajaj Finance share price by year

Each calendar year to 2025.Bajaj Finance share price history

YearClose at year endChangeHighest closeLowest close
2025986.80+44.6%1,094.15693.53
2024682.30−6.9%776.84631.13
2023732.78+11.4%816.86553.45
2022657.52−5.8%785.26528.39
2021697.73+31.8%792.93447.96
2020529.52+25.0%533.42182.90
2019423.48+60.1%425.27245.85
2018264.52+50.6%298.55159.65
2017175.67+108.6%196.3287.01
201684.22+40.1%116.2855.03
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026905.00919.00899.15917.25911.5054,60,92860.2%
27 Oct 2026916.00924.00907.50912.00914.9662,33,56352.2%
26 Oct 2026920.00926.70906.20918.70917.7939,76,71451.4%
23 Oct 2026940.00949.70915.40928.95929.6562,70,76051.8%
22 Oct 2026907.45942.10907.40942.10932.071,06,21,52360.1%
21 Oct 2026963.70968.80918.70926.00931.881,85,57,07055.7%
19 Oct 2026985.00985.50955.60957.35970.7083,08,85255.9%
16 Oct 2026966.00982.10958.50982.10974.6078,10,80965.1%
15 Oct 2026951.90975.00947.65965.25964.571,08,02,45067.1%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
16 Jun 2025Bonus0.2000Holders received 4 bonus shares for every 1 held.
16 Jun 2025Split0.5000Each share became 2.
23 Mar 2020Price move–Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
8 Sep 2016Bonus0.5000Holders received 1 bonus share for every 1 held.
8 Sep 2016Split0.2000Each share became 5.
23 Jan 2013Rights issue–Shareholders were offered new shares. Noted, not adjusted for.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson
SANJIVNAYAN RAHULKUMAR BAJAJ
At the end of the quarter to Sep 2026
Managing director
RAJEEV JAIN
At the end of the quarter to Sep 2026
NSE symbol
BAJFINANCE
BSE code
500034
ISIN
INE296A01032
Industry
Finance
Former symbols
BAJAUTOFIN
CIN
L65910MH1987PLC042961
Corporate identity number, the registrar of companies' code for it
Incorporated
1987
Registered office
4th Floor, Bajaj Finserv House, Off Pune-Ahmednagar Road, Viman Nagar, 411014, Maharashtra
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments