…
NSE · updates every 20s
Key ratios
Market Cap
₹6.54 L Cr
P/E
34.38x
EPS
₹30.56
ROE
16.68%
Debt / Equity
3.82
OPM
68.29%
Net Margin
23.20%
Price
Loading chart…
◆ What They Do
Bajaj Finance is one of India's largest and most profitable non-bank lenders (an NBFC). It hands out small, fast loans to everyday people and businesses — for phones, appliances, two-wheelers, personal needs, homes and working capital. It earns the gap between the low rate it borrows at and the higher rate it lends at, plus fees.
💳
Consumer Loans
The core engine
🏢
SME & Business
Loans to firms
🏠
Mortgages
Home finance arm
◆ Business Model
💰Raise Cheap Funds
→🧠Lend Smart
→🏬Reach Everywhere
→📈Spread + Fees
Scale gives Bajaj cheaper funding, and 15+ years of data lets it lend profitably where banks won't — that combination is the whole game.
◆ Why It Wins · Moat
🛡️
Scale & Cheap Funding
Its size unlocks low-cost money — a structural cost edge over smaller lenders.
📊
Data & Analytics
Years of customer data sharpen who it lends to and what it cross-sells.
🏬
Distribution Reach
Present at lakhs of stores and online — instant loans at the point of purchase.
🔁
Cross-sell Machine
A huge existing base to sell more products to at almost no extra cost.
⚙️
Cost Efficiency
Best-in-class costs keep it highly profitable even as it grows.
◆ Growth Drivers
- 🌏 India is under-borrowed — a long runway for consumer credit.
- 🛍️ Rising incomes and aspiration mean more people finance purchases.
- 📱 A fast-growing app ecosystem to cross-sell into.
- 🧩 New products — cards, insurance, wealth, BNPL widen the wallet.
- 🏙️ Deeper reach into smaller towns and cities.
◆ Compounding Flywheel
Compounding Every Year
More Customers
More Data
Better Underwriting
Lower Costs
Higher Profits
- Every new customer adds more data to learn from.
- Better data means fewer bad loans and smarter cross-sell.
- Scale and low defaults earn even cheaper funding.
- Higher profits get reinvested into reach and technology.
- Which brings in the next wave of customers — and it repeats.
▲ Key Risks
- ▲ Credit cycle: a downturn makes more borrowers default — the core risk for any lender.
- ▲ RBI regulation: rules on lending, provisioning and rates can slow growth or squeeze margins.
- ▲ Rising funding costs: higher interest rates narrow the lending spread.
- ▲ Competition: banks and fintechs chasing the same borrowers pressure yields.
- ▲ Rich valuation: priced for strong growth — any slowdown can de-rate the stock.