Bajaj Finserv Ltd. is a leading Indian financial services holding company and the flagship entity of the Bajaj Group’s non-banking financial services. Headquartered in Pune, it operates through key subsidiaries—Bajaj Finance (consumer lending), Bajaj Allianz General Insurance, and Bajaj Allianz Life Insurance—offering a comprehensive suite of solutions in retail finance, insurance, and wealth management. With over 70 million customers and a strong digital-first strategy, Bajaj Finserv has emerged as a dominant player in India’s rapidly expanding financial inclusion landscape. As of January 2026, the company is delivering steady growth amid a competitive market, supported by robust asset quality and strategic diversification. This article provides a data-driven outlook on the Bajaj Finserv share price target 2026–2030.
Bajaj Finserv: Company Overview
- Founded: 2007
- Managing Director: Mr Sanjiv Bajaj
- NSE Symbol: BAJAJFINSV
- Core Segments: Retail Financing (45%), Life Insurance (25%), General Insurance (28%), Investments (1%)
- Market Position: Among India’s top 3 non-banking financial holding companies; part of Nifty 50 and Sensex
Bajaj Finserv acts as a strategic holding company, with Bajaj Finance contributing the bulk of earnings. Recent acquisitions—including full control of Bajaj Allianz Life Insurance—have strengthened its integrated financial ecosystem.
Bajaj Finserv: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹2,002 |
| Market Capitalization | ₹3,20,010.03 Cr |
| No. of Shares Outstanding | 159.78 Cr |
| 52-Week High / Low | ₹2,195 / ₹1,617 |
| P/E Ratio (TTM) | 33.06 |
| P/B Ratio | 4.18 |
| EPS (TTM) | ₹60.59 |
| Book Value (TT M) | ₹478.72 |
| ROE | 26.75% |
| ROCE | 12.48% |
| Dividend Yield | 0.05% |
| Face Value | ₹1 |
| Operating Revenue | ₹1,33,821.05 Cr |
| Net Profit | ₹17,557.64 Cr |
| Sales Growth (YoY) | 21.23% |
| Profit Growth (YoY) | 12.58% |
| Promoter Holding | 58.81% |
Bajaj Finserv Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹2,120 – ₹2,320 |
| 2027 | ₹2,260 – ₹2,520 |
| 2028 | ₹2,400 – ₹2,740 |
| 2029 | ₹2,540 – ₹2,980 |
| 2030 | ₹2,680 – ₹3,240 |
Bajaj Finserv Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹2,120 | ₹2,320 |
Bajaj Finserv reported 12.58% YoY profit growth in FY2025, supported by strong disbursements in consumer lending and stable insurance margins. Trading at a P/E of 33.06x and P/B of 4.18x, the stock reflects a premium valuation typical of high-quality financial holding companies. A 2026 target range of ₹2,120–₹2,320 assumes continued credit expansion and no major regulatory disruptions.
Bajaj Finserv Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹2,260 | ₹2,520 |
If the company sustains 15–18% earnings growth and benefits from cross-selling across its insurance and lending arms, investor confidence will remain strong. Assuming EPS reaches ₹65–₹68 by FY27 and P/E stabilises at 33–34x, the 2027 target range of ₹2,260–₹2,520 is justified.
Bajaj Finserv Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹2,400 | ₹2,740 |
By 2028, benefits from full ownership of Bajaj Allianz Life and deeper rural penetration should reflect in margins. With ROE consistently above 26%, the company efficiently deploys capital. A P/E of 34–35x on projected EPS of ₹69–₹73 supports the ₹2,400–₹2,740 band.
Bajaj Finserv Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹2,540 | ₹2,980 |
Long-term tailwinds include India’s rising credit penetration, insurance density, and digital adoption. If competition doesn’t erode pricing, EPS could reach ₹74–₹78 by FY29. At a P/E of 34–36x, the 2029 target is ₹2,540–₹2,980.
Bajaj Finserv Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹2,680 | ₹3,240 |
Over a five-year horizon, Bajaj Finserv remains a high-quality compounder. If ROE holds above 25% and dividends gradually increase (currently 0.05% yield), investor sentiment will strengthen. A terminal P/E of 35–37x on FY30 EPS (~₹76–₹88) justifies the ₹2,680–₹3,240 range.
Bajaj Finserv: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 58.81% |
| Public & Retail | 22.59% |
| Domestic Institutional Investors (DII) | 10.49% |
| Foreign Institutional Investors (FII) | 8.11% |
High promoter holding ensures strategic continuity. Institutional ownership (18.6%) reflects analyst coverage and liquidity.
Bajaj Finserv: Strengths vs Risks
Strengths:
- Exceptional ROE (26.75%) and consistent 21%+ sales growth
- Integrated financial ecosystem with strong brand trust
- Leadership in consumer durable and two-wheeler financing
- Zero debt at the holding company level
Risks:
- Very low dividend yield (0.05%) limits income appeal
- High P/E leaves little room for execution misses
- Regulatory risks in the NBFC and insurance sectors
- Contingent liabilities of ₹1.2 lakh Cr require monitoring
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 5+ years |
| Volatility | Lower than mid-cap NBFCs; higher than banks |
| Dividend/Income Potential | Minimal (0.05% yield) |
| Best For | Growth-oriented investors seeking exposure to India’s financial services evolution |
FAQs
Is Bajaj Finserv a good stock to buy?
Yes—for long-term portfolios focused on India’s financial inclusion story. At a P/E of 33x and ROE of 26.75%, it trades at a justified premium. Not suitable for income seekers or conservative investors.
What is ₹10,000 invested in Bajaj Finance in 2009 worth today?
(Note: Bajaj Finance ≠ Bajaj Finserv)
An investment of ₹10,000 in Bajaj Finance (not Finserv) in 2009 would be worth ~₹35–40 lakh today due to multiple bonuses and ~35% CAGR. Bajaj Finserv was listed in 2017; ₹10,000 then would be worth ~₹1.8–2.0 lakh (CAGR ~27%).
What is the 10-year return of Bajaj Finance?
Again, this refers to Bajaj Finance, not Finserv. Bajaj Finance delivered ~35% CAGR over 10 years. Bajaj Finserv (since 2017) delivered ~27% CAGR over 8 years.
What is the target of Bajaj Finserv in 2030?
Based on fundamentals and sector trends, the Bajaj Finserv share price target for 2030 is ₹2,680–₹3,240.
Final Verdict
Bajaj Finserv stands out as a high-quality financial holding company with strong growth, profitability, and strategic clarity. While not cheap, its premium valuation is backed by consistent execution and market leadership.
Our Bajaj Finserv share price target 2026–2030 (₹2,120 to ₹3,240) 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 financial services revolution.
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 Finserv Consolidated Page (FY2025 + TTM)
- Finology Ticker – BAJAJFINSV Financials & Analysis
- Groww.in – Bajaj Finserv Stock Profile
- Bajaj Finserv Investor Presentation (Q3 FY26, Jan 2026)
- RBI Guidelines on NBFC Regulation and Capital Adequacy
