NSE: BAJFINANCE· NBFCCore · Aug 26Large cap
Bajaj Finance
Highest-ROE scaled lender
- Last close
- ₹973.80
- 29 Sept 2026 · reference
- 1D · 1M
- −1.1% · −9.8%
- price-only
- Weight
- 3.5%
- 31 Jul 2026 · Aug rank 5
- Thesis review
- 8 Sep 2026
- Why We Own, p40
Where the price sits
52-week range, house target and street targets
52w low ₹80252w high ₹1,159
- Reference close₹974
- Antique Stock Broking Limited · BUY₹1,240
- Motilal Oswal · BUY₹1,300
Range from reference closes; street targets from the PDFs on file (Research & documents). Internal target is never shown to prospects.
Investment case and valuation
Approved model, 8 Sep 2026 review
₹1,053
Price (2026-09-08)
37.5x / 24.5x
FY27E / FY28E P/E (Buoyant sheet)
18.5%
FY27E ROE (Buoyant sheet)
32.0x
Trailing P/E
5.8x
Price / book
n.a.
EPS CAGR FY26–28E
Trades at 32x TTM PE and 5.8x P/B (screener, 8-Sep-2026) versus a 10-year profit CAGR of 31%; screener flags the 5.8x book multiple as rich. Five-year average multiple not sourced. EV/EBITDA n.m.; dividend yield 0.5%.
- Model date
- 8 Sep 2026 (prices 7–8 Sep 2026)
- Horizon
- 12 months (bank pages: Sep-2027 roll-forward)
- Audience
- Internal — the book's guardrail: do not quote a target to a client; quote the thesis and the risk
- Reviewer · version
- Investment Committee framework · v1 (book)
Current vs history
Trailing multiples, FY-end
| Ratio | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 35.0x | 40.8x | 43.7x | 25.3x | 70.1x | 62.3x | 29.5x | 31.0x | 33.4x | 26.2x |
| Price to Book | 6.7x | 6.5x | 8.9x | 4.1x | 8.5x | 10.1x | 6.3x | 5.9x | 5.8x | 4.4x |
Tijori FY-end multiples on reported earnings/book; compatible definitions across years, but not the same basis as Buoyant's forward P/E on internal EPS.
UnavailableScenario lab disabled. Needs an approved forward EPS and forward P/E for Bajaj Finance plus a reference price. Missing inputs are not substituted.