Bajaj Finance Limited is India’s largest non-banking financial company (NBFC), offering a wide range of lending products across retail, SME, and commercial segments. Headquartered in Pune and led by MD & CEO Rajeev Jain, the company has built a dominant presence in both urban and rural India through innovative products like the EMI Card, Flexi Loans, and digital-first underwriting. With a strong balance sheet, consistent profitability, and leadership in consumer finance, Bajaj Finance remains a core holding for long-term investors seeking exposure to India’s credit expansion story. This article provides a data-driven outlook on the Bajaj Finance share price target 2026–2030.
Bajaj Finance: Company Overview
- Founded: 1987 (as Bajaj Auto Finance; became independent NBFC in 2007)
- Managing Director: Shri Rajeev Jain
- NSE Symbol: BAJFINANCE
- Business Segments: Consumer Finance (58%), Commercial Lending (18%), SME Loans (14%), Rural & Affordable Housing (10%)
- Market Position: Largest private NBFC in India by market cap and AUM; serves over 60 million customers
Bajaj Finance maintains a healthy asset-liability profile with a Capital Adequacy Ratio (CAR) of 24.1%—well above RBI’s 15% requirement for systemically important NBFCs. Its gross NPA stands at 1.42%, and net NPA at 0.31%, reflecting disciplined credit underwriting.
Bajaj Finance: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹950 |
| Market Capitalization | ₹5,91,446.90 Cr |
| No. of Shares Outstanding | 622.25 Cr |
| 52-Week High / Low | ₹1,090 / ₹645 |
| P/E Ratio (TTM) | 36.9 |
| P/B Ratio | 6.34 |
| EPS (TTM) | ₹25.76 |
| Book Value (TTM) | ₹149.98 |
| ROE | 21.08% |
| ROCE | 12.30% |
| Dividend Yield | 0.59% |
| Face Value | ₹1 |
| Operating Revenue | ₹59,379.74 Cr |
| Net Profit | ₹16,661.50 Cr |
| Sales Growth (YoY) | 26.50% |
| Profit Growth (YoY) | 31.77% |
| Promoter Holding | 54.66% |
Bajaj Finance Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹1,020 – ₹1,150 |
| 2027 | ₹1,120 – ₹1,280 |
| 2028 | ₹1,220 – ₹1,420 |
| 2029 | ₹1,320 – ₹1,580 |
| 2030 | ₹1,420 – ₹1,750 |
Bajaj Finance Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹1,020 | ₹1,150 |
Bajaj Finance reported 31.77% YoY profit growth in FY2025, supported by strong loan book expansion (AUM up 28%) and stable margins. Trading at a P/E of 36.9x and P/B of 6.34x, the stock reflects premium valuation—but justified by its market leadership, asset quality, and scalable digital model. A 2026 target range of ₹1,020–₹1,150 assumes continued execution and no major macro disruptions.
Bajaj Finance Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹1,120 | ₹1,280 |
If the company sustains 25–30% earnings growth and expands into new verticals (e.g., insurance, wealth), investor confidence will remain strong. Assuming EPS reaches ₹28–₹30 by FY27 and P/E stabilizes at 37–39x, the 2027 target range of ₹1,120–₹1,280 is justified.
Bajaj Finance Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹1,220 | ₹1,420 |
By 2028, benefits from cross-selling, rural penetration, and fintech partnerships should reflect in margins. With a ROCE of 12.3% and ROE of 21%, the company efficiently deploys capital. A P/E of 38–40x on projected EPS of ₹30–₹33 supports the ₹1,220–₹1,420 band.
Bajaj Finance Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹1,320 | ₹1,580 |
Long-term tailwinds include India’s rising credit-to-GDP ratio, formalization of lending, and Bajaj’s first-mover advantage in the digital NBFC space. If competition doesn’t erode pricing, EPS could reach ₹33–₹36 by FY29. At a P/E of 39–41x, the 2029 target is ₹1,320–₹1,580.
Bajaj Finance Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹1,420 | ₹1,750 |
Over a five-year horizon, Bajaj Finance’s appeal lies in scale, brand trust, and tech-led underwriting. A terminal P/E of 40–42x on FY30 EPS (~₹34–₹41) justifies the ₹1,420–₹1,750 range. Upside depends on asset quality stability; downside is limited by fortress-like capital buffers.
Bajaj Finance: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 54.66% |
| Foreign Institutional Investors (FII) | 21.97% |
| Domestic Institutional Investors (DII) | 14.47% |
| Public & Others | 8.89% |
High promoter holding ensures strategic continuity. Strong institutional ownership (36.44%) reflects analyst coverage and liquidity.
Bajaj Finance: Strengths vs Risks
Strengths:
- Market leader in the consumer NBFC space with 60M+ customers
- Exceptional asset quality (Net NPA: 0.31%)
- Consistent ROE (~21%) and scalable digital infrastructure
- Strong parentage (Bajaj Group) and brand recall
Risks:
- High P/B (6.34x) leaves little room for execution misses
- Regulatory scrutiny on the NBFC sector (RBI guidelines on leverage, governance)
- Rising competition from banks and fintech lenders
- Contingent liabilities of ₹1.12 lakh Cr require monitoring
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than market average |
| Dividend/Income Potential | Low (0.59% yield) but consistent |
| Best For | Growth-oriented investors betting on India’s credit inclusion |
FAQs
Is it good to buy Bajaj Finance shares?
Yes—for long-term portfolios focused on India’s financial deepening. Avoid if you seek low-valuation or high-dividend stocks. Suitable only as a core NBFC holding witha 5+ year horizon.
What is the price target for Bajaj Finance in 2030?
Based on fundamentals and sector trends, the Bajaj Finance share price target for 2030 is ₹1,420–₹1,750.
What if ₹10,000 was invested in Bajaj Finance in 2009?
An investment of ₹10,000 in Bajaj Finance in January 2009 (price: ~₹25) would have bought ~400 shares. After multiple bonuses (notably 1:1 in 2016, 2019) and splits, this would be ~3,200 shares today. At ₹950/share (Jan 2026), the value would be ~₹30.4 lakh—a CAGR of ~36% over 17 years.
What is the 10-year return of Bajaj Finance?
As per Screener.In, Bajaj Finance delivered a CAGR of 35% over the past 10 years (2016–2026), significantly outperforming the Nifty 50 (12% CAGR).
Final Verdict
Bajaj Finance remains India’s gold standard in NBFCs—profitable, scalable, and shareholder-friendly. While near-term growth is priced in, its long-term optionality in digital lending offers compelling upside.
Our Bajaj Finance share price target 2026–2030 (₹1,020 to ₹1,750) reflects steady earnings growth, moderate multiple expansion, and sustained investor confidence. It won’t deliver explosive gains, but offers reliable compounding for those betting on India’s credit evolution.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Bajaj Finance Consolidated Page (FY2025 + TTM)
- Finology Ticker – BAJFINANCE Financials & Analysis
- Groww.in – Bajaj Finance Stock Profile
- Bajaj Finance Investor Presentation (Q3 FY26, Jan 2026)
- RBI Guidelines on NBFC Capital Adequacy and Asset Classification
