financial_services

Bajaj Finserv

BAJAJFINSV · Nifty 50

1,764.6

Price 2026-06-17

BROAD EXPANSION73% confidence

At a Glance

ValuationPE 27.7 (44%ile of 5Y range 26-37). Trading near median.
Sector Positionfinancial_services sector. Flow: neutral. is not among current leaders. Regime: BROAD EXPANSION (73%).
Fundamental Score92/100 (STRONG). 2 positive flags, 2 concerns.
Historical Context159 similar technical setups. Average outcome: -10.3% decline. 0% positive.
Revenue TrendRevenue growing at 5.3% YoY. Moderate revenue growth — 5.3% YoY
Bank HealthROA 1.29% · PB 3.5 · Asset growth 16.3%.

Fundamental

92/100

STRONG

Trust

90/100

Verification

Coverage

89/100

HIGH

Quick Take

Bajaj Finserv scores 92/100 on fundamentals (strong). Bajaj Finserv: PE above historical average. BROAD EXPANSION regime.

Fundamental Score: 92/100 · STRONG · 3 signals detected

DuPont Analysis

ROE 12.6% broken into three drivers. Each shows how efficiently the company generates returns.

ROE12.6%=
7.7%Net Margin
×
0.2xTurnover
×
9.7xLeverage

ROE of 12.57% is moderate leverage-driven and stable. Net margin of 7.7% × asset turnover of 0.17x × leverage of 9.7x. High leverage amplifies returns but increases risk. Low asset turnover is normal for banks.

What This Means

Net margin of 7.7% means the company keeps ₹7.7 as profit for every ₹100 of revenue. This is a moderate-margin business. Asset turnover of 0.17x means the company generates ₹0.17 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 9.7x means the company uses significant debt. Higher leverage amplifies returns but also risk.

Margin Structure

Gross

100.0%

Operating

43.1%

Net

7.7%

improving

Gross margin 100.0% → operating margin 43.1% → net margin 7.7%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.

Financial Health

Debt Sustainability

STRETCHED

Interest covered only 2.0x — stretched. Rising rates could pressure profitability.

Peer Comparison

Bajaj Finserv is compared against 10 peers in the financial_services sector.

Bank Metrics

Return on Assets

1.29%

Benchmark: >1%

Efficiency Ratio

92.3%

Lower is better

Asset Growth

+16.3%

Year over year

PB Ratio

3.5x

Price to book

ROA of 1.29% is strong (benchmark: >1% for banks). Strong asset utilization. P/B of 3.47x — trading above book. Premium valuation — market pricing in high growth expectations.

Key Watchpoints

🟢

Breaks above ₹1853 (+5%)

Trend reversal confirmation

🔴

Breaks below ₹1676 (-5%)

Further downside risk

🟡

PE reverts to 5Y median of 27.7

Valuation normalization

🟢

Financial_Services sector entering leadership

Sector rotation signal

Detected Patterns

➡️ Leverage Slowly Rising: Debt growing faster (27.0%) than equity (7.6%)
✅ Strong ROA: ROA of 1.29% — above 1% benchmark for banks
✅ Strong Loan Book Growth: Assets growing 16.3% — loan book expansion

Risk Flags

🔴 1 Critical⚠️ 1 Warning2 Positive4 total flags
🔴Operating cash flow significantly below net income
Cash Flow

OCF is only -5.6x net income. Profit not converting to cash — aggressive accounting possible.

⚠️Working capital changes are 149% of operating cash flow
Cash Flow

Working capital is consuming significant cash. Operational efficiency declining.

Minimal unusual items — clean earnings
Earnings Quality

Profits are from core operations, not one-offs. High quality.

High promoter holding: 64%
Governance

Strong insider alignment. Promoters have significant skin in the game.

⚠️ 1 critical + 1 warning flags. Exercise caution.

Data Quality

90/100All ratios self-computed from verified sources. 🟢 5 years of financial data — sufficient for trend analysis

News Correlation

margin pressure (4)management outlook (4)
⚠️ Our margin analysis (improving) contradicts news reports of margin pressure — investigate

50 articles scanned for fundamental themes

Facts

P/E Ratio
27.7HIGH
P/B Ratio
3.5HIGH
ROE
14.6%HIGH
Market Cap
₹27000402.1L CrHIGH
From 52W High
80% of high
Promoter Holding
63.9%MODERATE
Institutional
15.5%
Sector Peers
10
Bajaj Finserv Stock Analysis, Valuation, Fundamentals & Intelligence | FynSight