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Bajaj Finserv Q1 FY27 Share Price & Earnings Call Analysis

₹1,668.00+0.94% today
Market cap
₹2.67L Cr
P/E
26.00
ROE
13.23%
PEG
1.68
Price to sales
1.71
Debt to equity
5.52
52W high / low
₹2,137 / ₹1,632
Sales growth (5Y)
19.96%
EBITDA margin
37.79%
Net profit margin
13.25%
Promoter holding
58.65%
Sales (last year)
₹1.58L Cr

Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.[1]

Guidance scorecard · Q1 FY27 call

What Bajaj Finserv's management guided
and where it ranks in Finance

#58of 59 in
Finance
RevenueWhat management saidMarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

  • Bajaj Life expects continued growth in retail protection, though at a moderated pace due to a rising base, with risk products like term plans gaining traction (34% of new customers onboarded with term plans last quarter).
  • Group protection business showed significant revival driven by growth in MFI partnerships and new relationships; broad sector diversification ongoing.
  • Bajaj Asset Management aims to grow AUM from INR 31,444 crore to INR 1 lakh crore within 3 years, supporting a path to profitability.
  • Bajaj Markets (digital lending platform) sees growth resuming post enhancements, with unique partner count increasing to 103 and operating revenues growing 32% QoQ.
  • Bajaj General Insurance will tactically manage growth in motor own damage segment, currently slowed due to elevated loss ratios and pricing cycles.

2 more points from Bajaj Finserv's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Bajaj Finserv said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Bajaj Finserv plans capital infusion in its Health company for the next 6 quarters, estimated at INR 200-300 crore.
  • Asset Management Company may require some additional capital, though less than prior infusions.
  • A larger capital requirement is anticipated for the Alternate Investments (ALTs) business, their newest segment.
  • The company is planning to set up a reinsurance company, which will require capital over a multi-year timeframe.

2 more points from Bajaj Finserv's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Bajaj Finserv said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Bajaj Finserv said on the order book →

Full Q1 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Bajaj Finserv rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,742 Cr71.8
240%+Up 2%+₹464 Cr23.9
340%+Up 0–2%₹961 Cr32.7
440%+Flat₹1.43L Cr83.4
540%+Flat₹23,820 Cr21.1
640%+Flat₹16,498 Cr72.4

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Bajaj Finserv announcements

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Financials of Bajaj Finserv

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Bajaj Finserv

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +23,62523,28026,02329,03832,04131,48033,70432,04236,59535,43937,40339,70838,494
Expenses +15,47013,93516,07318,60121,10819,65521,42019,66923,86821,12423,35225,84223,983
Operating Profit8,1549,3459,95010,43810,93311,82512,28312,37312,72814,31514,05013,86614,511
OPM %35%40%38%36%34%38%36%39%35%40%38%35%38%
Other Income +2302433310133-37825
Interest3,4364,0204,4494,7775,1545,5926,0466,2766,3966,8076,9017,2327,291
Depreciation181202209232257267275288339317327330317
Profit before tax4,5405,1255,2925,4315,5275,9685,9665,8126,0027,2046,8255,9266,928
Tax %27%28%29%26%26%29%30%24%21%26%30%26%25%
Net Profit +3,3353,7093,7564,0454,0854,2094,1804,4124,7565,3294,7464,3685,226
EPS in Rs11.1112.2012.0913.5213.2813.3913.0713.9715.1417.4614.0413.9515.86

Financials of Bajaj Finserv

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +11,33520,53324,50732,86242,60554,35160,59268,40682,072110,382133,822150,504
Expenses +5,82313,79515,79422,07427,56936,09440,95046,95152,20469,49784,29893,761
Operating Profit5,5116,7398,71310,78815,03718,25819,64121,45529,86840,88649,52456,743
OPM %49%33%36%33%35%34%32%31%36%37%37%38%
Other Income +800120-781-4-18-336
Interest2,2302,8773,7164,5316,6579,5009,2749,62912,38018,60724,58728,232
Depreciation3858731602264574985636789001,1701,291
Profit before tax3,2513,8044,9256,0998,1558,3029,86211,27116,81121,37523,74826,883
Tax %26%27%30%32%34%28%25%26%27%27%26%27%
Net Profit +2,4092,7753,4504,1765,3745,9947,3678,31412,21015,59517,55819,669
EPS in Rs10.6211.7114.2116.6520.2321.1728.0928.6340.2951.0755.5761.24
Dividend Payout %2%1%1%1%1%2%1%1%2%2%2%2%

Financials of Bajaj Finserv

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital8080808080808080159159160160
Reserves11,00913,51916,07120,40323,66031,22235,75040,16746,24860,16972,23677,755
Borrowings +26,31236,06248,28265,69599,754127,212128,461161,179212,265288,933355,855429,914
Other Liabilities +50,82754,29064,18175,33784,93492,791115,554131,987146,729188,154223,269250,669
Total Liabilities88,228103,951128,614161,514208,428251,304279,845333,413405,401537,415651,519758,498
Fixed Assets +1,2611,2741,6451,7922,0973,2163,1823,5864,3365,4556,2976,800
CWIP3114286645129113191220314250
Investments51,36753,69862,65869,42881,67991,821113,654119,222136,176170,127190,130194,414
Other Assets +35,59848,96964,30690,266124,587156,223162,879210,493264,698361,613454,778557,034
Total Assets88,228103,951128,614161,514208,428251,304279,845333,413405,401537,415651,519758,498

Financials of Bajaj Finserv

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-10,731-9,795-10,922-19,580-27,076-23,3694,547-33,670-39,480-65,502-62,113-55,301
Cash from Investing Activity +3,709-886151-922-6,903-9,948-3,6841,445-13,945-14,132-7,987-12,635
Cash from Financing Activity +6,83911,60212,51319,59034,53534,4791,68732,32651,01682,70970,19166,610
Net Cash Flow-1839211,742-9115551,1622,551101-2,4093,07592-1,326
Free Cash Flow-10,731-9,795-10,922-19,883-27,646-24,2394,096-34,420-40,603-66,811-63,829-56,619
CFO/OP-195%-145%-125%-162%-161%-113%34%-142%-117%-146%-111%-84%

Financials of Bajaj Finserv

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days171219191918171615202323
Inventory Days
Days Payable
Cash Conversion Cycle171219191918171615202323
Working Capital Days-741-341-301-750-644-417-490-493-444-406-374-351
ROCE %15%14%14%13%13%11%10%10%11%12%11%11%

Guidance history

How Bajaj Finserv's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →—FlatPlannedPlanned—
Q3 FY26 call →20–40%FlatPlanned——
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

19out of 100

Momentum score · price trend

19 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−22.8%32%
Last 6 months−6.3%44%
Last 3 months−14.1%32%

The price is 24.1% below its all-time high of ₹2,176.6 (23 Oct 2025). Stocks more than 20% below their peak have their score halved, so 37 became 19.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bajaj Finserv: 0.4 × 32 + 0.4 × 44 + 0.2 × 32 = 37, halved to 19 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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What Bajaj Finserv's management said in earlier quarters

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