BAJFINANCE.NS
Bajaj Finance LimitedExplain this page
Arphra AIPlain-English read on Bajaj Finance Limited’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Valuation multiples
| In USD | FY 2026 |
|---|---|
| Headline | |
| Market cap | $4.98T |
| Enterprise value | $8.49T |
| Multiples | |
| P / E | — |
| P / B | — |
| EV / EBITDA | — |
| EV / Sales | 10.35 |
| EV / FCF | 24.29 |
| Yields | |
| Earnings yield | +3.82% |
| Free cash flow yield | +7.02% |
| Dividend yield | — |
Profitability
| In USD | FY 2026 |
|---|---|
| Margins | |
| Gross margin | +58.11% |
| Operating margin | +43.36% |
| EBITDA margin | +32.72% |
| EBIT margin | +31.49% |
| Pre-tax margin | +31.49% |
| Net margin | +23.19% |
| Cost structure | |
| Cost of revenue / sales | +41.89% |
| R&D intensity | 0.00% |
| SG&A intensity | 0.00% |
| Effective tax rate | +25.12% |
Returns on capital
| In USD | FY 2026 |
|---|---|
| Returns | |
| Return on equity (ROE) | +16.26% |
| Return on assets (ROA) | +3.40% |
| Return on capital (ROC) | +7.35% |
| Return on invested capital (ROIC) | +3.93% |
| Asset turnover | +14.64% |
| DuPont · ROE decomposition | |
| Net margin | +23.19% |
| Asset turnover (× revenue / assets) | +14.64% |
| Equity multiplier (× assets / equity) | +478.65% |
Activity & efficiency
| In USD | FY 2026 |
|---|---|
| Turnover | |
| Asset turnover | 0.15 |
| Fixed-asset turnover | 28.15 |
| Inventory turnover | — |
| Receivables turnover | 357.11 |
| Payables turnover | 16.32 |
| Days outstanding | |
| Days sales outstanding (DSO) | 1.02 |
| Days inventory outstanding (DIO) | — |
| Days payables outstanding (DPO) | 22.37 |
| Cash conversion cycle | -21.35 |
Cash flow quality
| In USD | FY 2026 |
|---|---|
| Operating CF / Net income | 1.89 |
| FCF / Net income | 1.84 |
| FCF margin | +42.64% |
| OCF margin | +43.81% |
| CapEx / Revenue | +1.17% |
| CapEx / D&A | 0.95 |
| Stock-based comp / Revenue | 0.00% |
Per-share & shareholder yield
| In USD | FY 2026 |
|---|---|
| EPS · diluted | 30.51 |
| EPS · basic | 30.60 |
| Book value / share | 187.68 |
| Tangible BV / share | 185.83 |
| Sales / share | 131.54 |
| Operating CF / share | 57.62 |
| Free cash flow / share | 56.08 |
| Dividends / share | 0.00 |
| Payout ratio | 0.00% |
| Retention ratio | +100.00% |
Growth
| In USD | FY 2026 | CAGR |
|---|---|---|
| Top-line | ||
| Revenue · YoY | — | — |
| Gross profit · YoY | — | — |
| Profit | ||
| Operating income · YoY | — | — |
| EBITDA · YoY | — | — |
| Net income · YoY | — | — |
| Operating | ||
| EBIT · YoY | — | — |
| R&D · YoY | — | — |
| Per-share | ||
| EPS · diluted · YoY | — | — |
| EPS · basic · YoY | — | — |
Credit & leverage
| In USD | FY 2026 |
|---|---|
| Leverage | |
| Total debt | $3.67T |
| Net debt | $3.51T |
| Net debt / EBITDA | 13.08 |
| Debt / equity | 3.13 |
| Debt / assets | +65.47% |
| Equity / assets | +20.89% |
| Coverage | |
| EBITDA / interest expense | — |
| Operating income / interest | — |
| Interest expense | $0 |
| Liquidity | |
| Current ratio | 0.25 |
| Quick ratio | 0.22 |
| Cash ratio | 0.22 |
| Working capital | -$544.08B |
| Working capital / revenue | -66.36% |
Historical multiples · μ ± σ bands
3 fiscal-year-end observations from key_metrics. Mean is dashed; light-green band is ±1σ, light-red band ±2σ. The dot marks the most recent value; the cheap / fair / rich verdict uses z-score against the issuer's own history (yields inverted — a high yield is cheap).
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| P / E | — | — | — |
| P / B | — | — | — |
| EV / EBITDA | — | — | — |
| EV / Sales | 10.35x | 12.13x | 12.55x |
| Earnings yield | 3.8% | 3.1% | 3.3% |
| FCF yield | 7.0% | -12.9% | 4.3% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Gross margin | — | — | — |
| Operating margin | — | — | — |
| Net margin | — | — | — |
| ROE | 16.7% | 17.2% | 18.8% |
| ROA | 3.4% | 3.6% | 3.8% |
| ROIC | 5.5% | 4.3% | 21.0% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / equity | — | — | — |
| Net debt / EBITDA | 13.08 | 12.03 | 11.19 |
| Interest coverage | — | — | — |
| Current ratio | 0.25x | 0.21x | 0.20x |
| Quick ratio | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).