NSE: BAJAJFINSV · BSE: 532978 · ISIN INE918I01026
Bajaj Finserv Limited stock analysis
Bajaj Finserv Limited ranks #2074 in the TickerSutra evidence-ranked universe with a score of 49/100 and 95% data confidence. The latest captured fundamentals show ROCE of 10.6%, quarterly sales growth of 19.1% and quarterly profit growth of 12.3%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- 22.4% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹68,406cr | ₹21,455cr | ₹8,314cr | 31.0% |
| 2023 | ₹82,072cr | ₹29,868cr | ₹12,210cr | 36.0% |
| 2024 | ₹1,10,382cr | ₹40,886cr | ₹15,595cr | 37.0% |
| 2025 | ₹1,32,944cr | ₹49,524cr | ₹17,558cr | 37.0% |
| 2026 | ₹1,50,530cr | ₹57,098cr | ₹19,669cr | 38.0% |
| TTM | ₹1,57,642cr | ₹59,568cr | ₹20,637cr | 38.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
• Enhanced competition in insurance sector : With the sector opening up with 100% FDI, several companies/promoters have lined up for licenses especially in the general insurance and reinsurance space given the not-so -high capital requirements. This, backed by existing players looking for market share gains, significantly enhances competitiveness in the environment. • Enhanced data and cyber security risk mainly aris
This is just to give you a flavour of the consolidated numbers. Now I will deep dive into each company's performance, starting with Bajaj General: The GWP for Bajaj General grew at 11.3% for the quarter at INR 5,789 crore, which is in line with the industry GDPI growth of 11.1% -- excluding the bulky tender -driven crop and government health businesses, the GWP increased by about 10% as against the GDPI growth of the
But I think what will be different from Bajaj Life versus the rest of the sector is that we were on a path, as you're aware, for the last 21 months on cost reduction and cost savings. I think Bajaj Life 2.0 has been able to give us that operating leverage. Does that answer your question, Sanketh?
I think this is a mix that we believe is sustainable. Should it get better, should it improve or move t owards products with higher margin, I think that's the intent. And if we are able to get our non-par mix a little higher, I think that would be an ambition.
As an industry, what we've been asking for is the Third-Party price hike, which is overdue. We have been talking to the regulator, to the Ministry of Finance and MoRTH as TP price is determined by MoRTH in consultation with the regulator. So, we've been asking for that and a lot of good discussions are happening.
Also happy to confirm that the Board of Bajaj Finserv has earlier during the day approved for setting up a reinsurance company as a natural progression of furthering our insurance capabilities. We shall now prepare to seek necessary regulatory approvals to set up the company. That's from my side on the performance updates.
None of the securities of the Company were suspended from trading during the year on account of corporate actions or otherwise. Distribution of Shareholding Details about the pattern of shareholding across various categories as on 31 March 2026: 58.71 7.24 8.35 8.57 10.57 6.56 Category % to capital Promoters & Promoter group 58.71 Foreign Institutional Investor/Foreign Portfolio Investor 7.24 Mutual Fund 8.35 Corpora
I think Phase 1 will largely focus on doing domestic where we may not need too much of capital. And then Bajaj Finserv Limited July 31, 2026 Page 14 of 18 Phase 2, once we get the ratings in place, which will be a 3-year process, then we will move into the international market, which is where we will need a larger chunk of capital. But we've not quantified it as yet, while internally, we have done some scenarios, but
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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