Financials Bajaj Finance Limited NSE India S.E.

Stocks

BAJFINANCE

INE296A01024

Consumer Lending

Market Closed - NSE India S.E. Other stock markets 12:05:07 10/07/2026 BST			5-day change	1st Jan Change
1,020.50 ^INR	+1.66%		-1.06%	+3.42%

07-07	Bajaj Finance Limited Recommends Special Payout for the Financial Year Ended 31 March 2026, Payable on or About 3 August 2026	CI
07-06	Bajaj Finance Raises INR53.1 Billion Through Debenture Allotment	MT

Projected Income Statement: Bajaj Finance Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	172,690	218,922	288,458	362,578	449,540	533,240	640,065	775,579
Change	-	26.77%	31.76%	25.7%	23.98%	18.62%	20.03%	21.17%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	119,608	143,072	187,175	239,403	300,280	355,480	429,408	526,459
Change	-	19.62%	30.83%	27.9%	25.43%	18.38%	20.8%	22.6%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	59,923	95,038	155,279	193,096	220,796	258,166	334,444	413,523
Change	-	58.6%	63.39%	24.35%	14.35%	16.93%	29.55%	23.65%
Net income ¹	44,198	70,282	115,077	144,512	166,378	190,174	249,421	307,183
Change	-	59.02%	63.74%	25.58%	15.13%	14.3%	31.15%	23.16%
Announcement Date	27/04/21	26/04/22	26/04/23	25/04/24	29/04/25	29/04/26	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	42,958	46,594	44,895	53,345	60,005	60,677	66,376	70,013	74,347	77,712	83,980	88,447	92,980	97,149	104,184	109,461	116,730	119,170	126,100	131,700	138,750	143,522	146,251	157,459	164,353	170,511
Change	-	8.46%	-3.65%	18.82%	12.49%	1.12%	9.39%	5.48%	6.19%	4.53%	8.07%	5.32%	5.13%	4.48%	7.24%	5.06%	6.64%	2.09%	5.82%	4.44%	5.35%	3.44%	1.9%	7.66%	4.38%	3.75%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	57,026	-	-	-	-	-	-	-	-	138,756	132,782	89,283	103,550	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.31%	-32.76%	15.98%	-	-	-
EBIT ¹	29,065	30,534	31,162	33,048	39,192	39,671	42,575	44,865	48,530	51,206	55,465	58,348	61,420	64,151	69,500	73,106	78,050	79,670	84,870	88,740	93,190	96,151	99,797	104,782	109,411	114,988
Change	-	5.05%	2.06%	6.05%	18.59%	1.22%	7.32%	5.38%	8.17%	5.51%	8.32%	5.2%	5.26%	4.45%	8.34%	5.19%	6.76%	2.08%	6.53%	4.56%	5.01%	3.18%	3.79%	4.99%	4.42%	5.1%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	15,545	18,226	13,659	20,044	28,680	32,655	35,028	37,523	40,117	42,611	45,512	47,578	48,955	51,051	52,654	54,015	57,654	56,474	63,676	66,081	54,311	72,403	77,804	81,658	85,855	92,775
Change	-	17.25%	-25.06%	46.75%	43.08%	13.86%	7.27%	7.12%	6.91%	6.22%	6.81%	4.54%	2.9%	4.28%	3.14%	2.59%	6.74%	-2.05%	12.75%	3.78%	-17.81%	33.31%	7.46%	4.95%	5.14%	8.06%
Net income ¹	11,460	13,466	10,024	14,810	21,253	24,195	25,962	27,806	29,730	31,578	34,369	35,508	36,390	38,245	39,120	39,997	42,465	44,796	46,996	48,754	39,778	53,666	58,326	61,162	64,305	69,488
Change	-	17.51%	-25.56%	47.74%	43.5%	13.84%	7.3%	7.1%	6.92%	6.22%	8.84%	3.31%	2.48%	5.1%	2.29%	2.24%	6.17%	5.49%	4.91%	3.74%	-18.41%	34.91%	8.68%	4.86%	5.14%	8.06%
Announcement Date	20/01/21	27/04/21	20/07/21	26/10/21	18/01/22	26/04/22	27/07/22	20/10/22	27/01/23	26/04/23	26/07/23	17/10/23	29/01/24	25/04/24	23/07/24	22/10/24	29/01/25	29/04/25	24/07/25	10/11/25	03/02/26	-	-	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2024 S1
Net sales	-
Change	-
EBITDA	-
Change	-
EBIT	-
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT) ¹	93,090
Change	-
Net income ¹	69,877
Change	-
Announcement Date	17/10/23

¹INR in Million

Estimates

Forecast Balance Sheet: Bajaj Finance Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	1,038,036	1,615,516	2,123,860	2,827,218	3,477,051	4,193,572	4,322,480	5,421,244
Change	-	55.63%	31.47%	33.12%	22.98%	20.61%	24.81%	25.42%
Announcement Date	27/04/21	26/04/22	26/04/23	25/04/24	29/04/25	29/04/26	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Bajaj Finance Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025
CAPEX ¹	3,968	1,317	3,756	4,828	6,036	5,841
Change	-	-66.82%	185.24%	28.57%	25.01%	-3.24%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	29/06/20	26/06/21	04/07/22	26/07/23	22/06/24	01/07/25

¹INR in Million

Estimates

Forecast Financial Ratios: Bajaj Finance Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-
EBIT Margin (%)	69.26%	65.35%	64.89%	66.03%	66.8%	66.66%	67.09%	67.88%
EBT Margin (%)	34.7%	43.41%	53.83%	53.26%	49.12%	48.41%	52.25%	53.32%
Net margin (%)	25.59%	32.1%	39.89%	39.86%	37.01%	35.66%	38.97%	39.61%
FCF margin (%)	-	-	-	-202.34%	-	-	-	-
FCF / Net Income (%)	-	-	-	-507.67%	-	-	-	-
Profitability
ROA	2.63%	3.66%	4.72%	5.1%	4.6%	4.3%	4.07%	4.11%
ROE	12.77%	17.43%	23.46%	22.1%	19.2%	18.1%	19.97%	20.7%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-3.85x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	1.66%	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-0.82%	-	-	-	-
Items per share
Cash flow per share ¹	-1.455	-61	-	-	-	-	-	-
Change	-	-4,092.7%	-	-	-	-	-	-
Dividend per Share ¹	-	2	3	3.6	4.4	5.4	6.898	8.262
Change	-	-	50%	20%	22.22%	22.73%	34.61%	19.78%
Book Value Per Share ¹	61.37	72.46	89.95	124.1	155.7	183.3	218.2	260.1
Change	-	18.07%	24.15%	37.96%	25.5%	17.72%	19.08%	19.2%
EPS ¹	7.3	11.58	18.96	23.6	26.82	30.51	40.1	49.41
Change	-	58.62%	63.72%	24.48%	13.65%	13.76%	29.87%	23.2%
Nbr of stocks (in thousands)	5,999,090	6,053,922	6,032,438	6,170,147	6,204,402	6,203,542	6,203,542	6,203,542
Announcement Date	27/04/21	26/04/22	26/04/23	25/04/24	29/04/25	29/04/26	-	-