Bajaj Finserv Ltd.
Banking · NSE
52-week range
₹1,597 – ₹2,195
From 52w high
-17.2%
RSI (14)
54.4
vs SMA 50 / 200
↑ 50 · ↓ 200
Bajaj Finserv is a financial holding company trading at ₹1,818.30, down 10.64% over the past 12 months and 7.74% below its 200-day moving average of ₹1,970.74. The trailing PE of 30.32 stands at a material premium to most Banking/Financial sector peers, while the quality score of 23 is the lowest among the 6 companies compared. Q4 FY26 net profit rose 5% YoY to ₹2,539 crore, with a ₹1.5 dividend declared.
- ✓Forward PE of 19.32 is meaningfully lower than the trailing PE of 30.32, implying analyst consensus models a step-up in near-term earnings; 15 analysts covering the stock show a mean rating of 1.94 on a 1–5 scale (lower = more constructive).
- ✓Q4 FY26 net profit grew 5% YoY to ₹2,539 crore and revenue growth was reported as higher in Q3 FY26, indicating the underlying subsidiaries (Bajaj Finance, Bajaj Allianz) continue to generate earnings.
- ✓Price is above the 50-DMA of ₹1,805.06 with RSI at 54.42 (neutral zone), suggesting near-term selling pressure has eased relative to the intermediate-term trend.
- ✓At ₹1,818.30, the stock trades 10.4% below resistance at ₹2,033–₹2,045.50 and 8.3% above the nearer support at ₹1,597, establishing a quantifiable range for the current price context.
- ✗FCF-positive years recorded are 0 in available history and ROE has not exceeded 15% in any tracked year (roeYearsAbove15 = 0), reflecting the capital-intensive nature of the holding structure with no demonstrated surplus cash generation.
- ✗Quality score of 23 ranks last (5th of 6) among sector peers; debt trend is classified as rising; consistency score of 35 points to uneven fundamental delivery over the measurement period.
- ✗Trailing PE of 30.32 is the second-highest in the peer group, behind only HDFCLIFE (69.7x), and stands at roughly 1.74x the PE of ICICIBANK (17.0x) and 1.79x that of AXISBANK (15.0x), a gap that demands sustained earnings acceleration to maintain.
- ✗Debt-to-equity of 256.36 reflects the leverage inherent to NBFC and insurance subsidiaries; 5-year revenue CAGR of 5.3% and earnings CAGR of 5.7% have not yet demonstrated the growth pace typically associated with such a valuation premium.
- ·Q4 FY26 results (reported 30 April 2026) showed net profit up 5% to ₹2,539 crore with a ₹1.5 dividend; Q3 FY26 showed flat profit and higher revenue — a mixed sequential picture across recent quarters.
- ·Jefferies adjusted its price target to INR 2,400 from INR 2,710 while retaining its stated rating (Buy), and Motilal Oswal assigned a Neutral stance with a target of ₹2,000 — the two named brokers diverge on near-term outlook by a 20% spread.
- ·The stock rose approximately 9% in the month preceding the Q4 results announcement but remains down 10.64% on a 12-month basis, with the 200-DMA acting as overhead context at ₹1,970.74.
- ?Does the premium valuation relative to peers (PE of 30.3x vs sector median closer to 17x) reflect a durable structural advantage in the holding company model, or does it compress as earnings growth remains in the mid-single digits?
- ?Given that FCF-positive years are recorded as 0 in available data, how does the consolidated cash generation across Bajaj Finance and Bajaj Allianz translate — or not — to the holding entity level?
- ?With debt trend classified as rising and D/E at 256.36, what is the sensitivity of the holding company's book value and dividend capacity to a sustained rise in borrowing costs across its NBFC subsidiaries?
- ?How does the gap between Jefferies' target of ₹2,400 and Motilal Oswal's target of ₹2,000 map to different assumptions about subsidiary earnings growth, and which scenario aligns with the 5-year CAGR of 5.3% actually delivered?
PE
30.3
Forward PE
19.3
ROE
+14.6%
Profit margin
+6.6%
D/E
256.36
Dividend yield
+0.1%
Quality score
23/100
ROE 5y above 15%
0/5 yrs
FCF 5y positive
0/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 10 May 2026.