At a Glance
Bajaj Finance (BFL) is India’s favorite loan machine. It’s the lender that gives you a credit card faster than your pizza arrives and ensures you’re hooked on EMIs forever. FY25 numbers? Net profit ₹17,633 crore, revenue ₹73,107 crore, and NPAs under control at 1.03%. Market cap ₹5.53 lakh crore, P/E a spicy 31.6, and the stock trades at 5.7× book value—investors love it more than they love low-interest home loans.
1. Introduction
If Indian consumers had a fairy godmother, it would be Bajaj Finance—except instead of a pumpkin carriage, you get a bike on EMI. From rural kirana stores to urban malls, BFL has penetrated deeper than WhatsApp forwards in family groups.
The company isn’t just about loans anymore. It’s about data, digital dominance, and cross-selling. EMI cards, Flexi loans, and now even deposits—Bajaj Finance has become the fintech disguised as an NBFC.
FY25 performance? Stellar growth, stable asset quality, and a valuation that makes conservative investors clutch their pearls.
2. Business Model (WTF Do They Even Do?)
BFL’s model is simple but deadly effective:
- Retail Lending: Consumer durables, two-wheelers, personal loans—you name it.
- SME & Commercial Loans: Helping businesses grow while earning fat spreads.
- Deposits: Competing with banks to gather funds.
- Tech & Cross-Selling: EMI cards, app-based lending, and personalized offers.
The secret sauce? Risk analytics + distribution reach + relentless innovation.
3. Financials Overview
Here’s the financial truth bomb:
- FY25 Revenue: ₹73,107 Cr (YoY growth 33%)
- Net Profit: ₹17,633 Cr (YoY growth 17%)
- EPS: ₹28.09 – consistent upward march.
- NIMs: Stable around 10–11%, juicy compared to banks.
- GNPA: 1.03%, NNPA: 0.50% – cleaner than most NBFCs.
Commentary: Profit CAGR 26% (5 yrs). BFL isn’t slowing down, it’s accelerating.
4. Valuation
- EPS (TTM): ₹28.09
- Price: ₹890
- P/E: 31.6
- Book
