Bajaj Finance Limited (BFL), headquartered in Pune, is one of India’s leading non-banking financial companies and a subsidiary of Bajaj Finserv. Founded in 1987 initially as a vehicle financing entity, it has grown to become one of the most diversified NBFCs in the country. The company offers a broad spectrum of financial services to retail, SME, and commercial customers, spanning both urban and rural regions of India.
Bajaj Finance is primarily engaged in the business of lending across various sectors and accepts deposits from the public and corporations.
The stock of Bajaj Finance has captured the attention of investors and traders who are constantly searching for the next big chance in the stock market. Because the stock price went up 3 times in the last 3 years, many are unsure if Bajaj Finance is a solid stock to buy and own for the long term from the current price, despite its history of outstanding financial performance and development.
This article will examine Bajaj Finance’s share price target for the years 2024 to 2030 in more detail by delving into the numbers. So, buckle up and prepare for a deep dive into one of the hottest financial stocks in India!
Bajaj Finance Q4 FY23-24 Results Highlights
- Bajaj Finance reported a consolidated net profit of ₹3,825 crore in Q4 FY23-24, marking a significant 21% increase from the previous year.
- Analyst estimates were surpassed, with predictions suggesting a 22% year-on-year jump in net profit.
- Key drivers of the company’s performance included a rise in assets under management (AUM), net interest income, and improvement in asset quality.
- AUM grew by 34% to ₹3.31 lakh crore as of March 31, 2024, compared to ₹2.47 lakh crore in the same period last year.
- Net interest income increased by 28% in the January-March quarter, reaching ₹8,013 crore.
- Net total income surged by 25% to ₹9,714 crore compared to Q4 FY23.
- Gross NPA and Net NPA stood at 0.85% and 0.37% respectively, showing improvement from the previous year.
- Bajaj Finance declared a dividend of ₹36 per equity share of ₹2 face value.
- Despite regulatory restrictions on certain lending products by the RBI, the company-maintained growth momentum.
- The number of new loans booked grew by 4% to 7.87 million, albeit impacted by RBI restrictions.
- Overall, Bajaj Finance’s Q4 results demonstrate resilience and adaptability in navigating challenges while sustaining growth and profitability.
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| When | Maximum Price | Minimum Price |
| May 2024 | 6,763.90 | 5,881.65 |
| June 2024 | 7,007.40 | 6,093.39 |
| July 2024 | 6,937.33 | 6,032.46 |
| August 2024 | 7,214.82 | 6,273.76 |
| September 2024 | 7,503.41 | 6,524.71 |
| October 2024 | 7,356.29 | 6,396.77 |
| November 2024 | 7,650.54 | 6,652.64 |
| December 2024 | 7,727.04 | 6,719.17 |
In May 2024, Bajaj Finance is expected to see a maximum price of ₹6,763.90 and a minimum price of ₹5,881.65, reflecting potential fluctuations in the stock market. As the year progresses, by December 2024, the company is forecasted to experience a rise in both maximum and minimum prices, with projections indicating a maximum of ₹7,727.04 and a minimum of ₹6,719.17. Throughout 2024, Bajaj Finance is anticipated to navigate changing market conditions, responding to various factors such as industry trends, economic indicators, and company performance.
| When | Maximum Price | Minimum Price |
| January 2025 | 7,804.31 | 6,003.32 |
| February 2025 | 7,883.15 | 6,063.96 |
| March 2025 | 8,048.69 | 6,191.30 |
| April 2025 | 7,969.00 | 6,130.00 |
| May 2025 | 7,736.89 | 5,951.46 |
| June 2025 | 8,085.05 | 6,219.27 |
| July 2025 | 7,926.52 | 6,097.33 |
| August 2025 | 8,171.67 | 6,285.90 |
| September 2025 | 8,269.73 | 6,361.33 |
| October 2025 | 8,484.75 | 6,526.73 |
| November 2025 | 8,696.87 | 6,689.90 |
| December 2025 | 9,088.23 | 6,990.94 |
In January 2025, Bajaj Finance is expected to witness a maximum price of ₹7,804.31 and a minimum price of ₹6,003.32, indicating potential market fluctuations. Moving forward, by December 2025, the company is anticipated to experience significant growth in both maximum and minimum prices, with projections indicating a maximum of ₹9,088.23 and a minimum of ₹6,990.94.
| When | Maximum Price | Minimum Price |
| January 2026 | 9,360.87 | 7,200.67 |
| February 2026 | 9,126.85 | 7,020.65 |
| March 2026 | 9,309.39 | 7,161.07 |
| April 2026 | 9,499.37 | 7,307.21 |
| May 2026 | 9,405.32 | 7,234.86 |
| June 2026 | 9,640.45 | 7,415.73 |
| July 2026 | 9,451.43 | 7,270.33 |
| August 2026 | 9,743.74 | 7,495.18 |
| September 2026 | 9,938.61 | 7,645.09 |
| October 2026 | 10,197.02 | 7,843.86 |
| November 2026 | 10,451.94 | 8,039.96 |
| December 2026 | 10,713.24 | 8,240.95 |
| When | Maximum Price | Minimum Price |
| January 2027 | 10,820.37 | 8,323.36 |
| February 2027 | 11,097.82 | 8,536.78 |
| March 2027 | 11,530.63 | 8,869.72 |
| April 2027 | 11,304.54 | 8,695.80 |
| May 2027 | 10,975.28 | 8,442.53 |
| June 2027 | 11,469.17 | 8,822.44 |
| July 2027 | 11,244.29 | 8,649.45 |
| August 2027 | 11,592.05 | 8,916.96 |
| September 2027 | 11,997.77 | 9,229.05 |
| October 2027 | 12,309.71 | 9,469.01 |
| November 2027 | 12,617.45 | 9,705.73 |
| December 2027 | 12,932.89 | 9,948.38 |
| When | Maximum Price | Minimum Price |
| January 2028 | 13,191.55 | 10,147.34 |
| February 2028 | 13,529.79 | 10,407.53 |
| March 2028 | 14,057.46 | 10,813.43 |
| April 2028 | 13,781.82 | 10,601.40 |
| May 2028 | 13,380.41 | 10,292.62 |
| June 2028 | 13,982.52 | 10,755.79 |
| July 2028 | 13,708.36 | 10,544.89 |
| August 2028 | 14,132.33 | 10,871.02 |
| September 2028 | 14,626.96 | 11,251.51 |
| October 2028 | 15,007.26 | 11,544.05 |
| November 2028 | 15,382.44 | 11,832.65 |
| December 2028 | 15,767.00 | 12,128.46 |
| When | Maximum Price | Minimum Price |
| January 2029 | 16,082.34 | 12,371.03 |
| February 2029 | 16,494.71 | 12,688.24 |
| March 2029 | 17,138.00 | 13,183.08 |
| April 2029 | 16,801.96 | 12,924.59 |
| May 2029 | 16,312.59 | 12,548.14 |
| June 2029 | 17,046.65 | 13,112.81 |
| July 2029 | 16,712.41 | 12,855.70 |
| August 2029 | 17,229.28 | 13,253.30 |
| September 2029 | 17,832.31 | 13,717.16 |
| October 2029 | 18,295.95 | 14,073.81 |
| November 2029 | 18,753.35 | 14,425.65 |
| December 2029 | 19,222.18 | 14,786.29 |
| When | Maximum Price | Minimum Price |
| January 2030 | 19,606.62 | 15,082.02 |
| February 2030 | 20,109.36 | 15,468.74 |
| March 2030 | 20,893.62 | 16,072.02 |
| April 2030 | 20,483.95 | 15,756.88 |
| May 2030 | 19,887.33 | 15,297.94 |
| June 2030 | 20,782.25 | 15,986.35 |
| July 2030 | 20,374.76 | 15,672.89 |
| August 2030 | 21,004.91 | 16,157.62 |
| September 2030 | 21,740.08 | 16,723.14 |
| October 2030 | 22,305.32 | 17,157.94 |
| November 2030 | 22,862.95 | 17,586.89 |
| December 2030 | 23,434.53 | 18,026.56 |
In January 2030, Bajaj Finance is expected to witness a maximum price of ₹19,606.62 and a minimum price of ₹15,082.02, indicating potential market fluctuations. As the year progresses, by December 2030, the company is anticipated to experience significant growth in both maximum and minimum prices, with projections indicating a maximum of ₹23,434.53 and a minimum of ₹18,026.56. Throughout 2030.
Financial Condition of Bajaj Finance Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Revenue | 26,374 | 26,673 | 31,641 | 41,398 | 54,969 |
| Interest | 9,608 | 9,519 | 9,855 | 12,701 | 18,725 |
| Expenses + | 9,159 | 10,839 | 11,880 | 12,680 | 16,273 |
| Financing Profit | 7,608 | 6,314 | 9,906 | 16,018 | 19,972 |
| Financing Margin % | 29% | 24% | 31% | 39% | 36% |
| Other Income + | 9 | 3 | -17 | -4 | 21 |
| Depreciation | 295 | 325 | 385 | 485 | 683 |
| Profit before tax | 7,322 | 5,992 | 9,504 | 15,528 | 19,310 |
| Tax % | 28.00% | 26.00% | 26.00% | 26.00% | 25.00% |
| Net Profit + | 5,264 | 4,420 | 7,028 | 11,508 | 14,451 |
| EPS in Rs | 87.48 | 73.35 | 116.09 | 190.07 | 233.46 |
| Dividend Payout % | 11.00% | 14.00% | 17.00% | 16.00% | 15.00% |
- Revenue for the company has shown steady growth over the past five years, increasing from ₹26,374 crore in March 2020 to ₹54,969 crore in March 2024, indicating a strong upward trend in business performance.
- Interest expenses have also risen consistently, reflecting the company’s increasing borrowing or financing activities to support its operations and growth initiatives.
- Despite the rise in expenses, the financing profit has exhibited significant growth, reaching ₹19,972 crore in March 2024 from ₹7,608 crore in March 2020, with a notable financing margin fluctuating between 24% to 39% over the period.
- Other income, though fluctuating, has contributed positively to the overall profitability of the company, particularly in recent years.
- Depreciation expenses have increased gradually, reflecting the company’s investment in fixed assets to support its expanding operations.
- Profit before tax has demonstrated robust growth, climbing from ₹7,322 crore in March 2020 to ₹19,310 crore in March 2024, highlighting the company’s improving operational efficiency and profitability.
- Net profit has also shown remarkable growth, rising from ₹5,264 crore in March 2020 to ₹14,451 crore in March 2024, indicating the company’s ability to generate sustainable returns for its shareholders.
- Earnings per share (EPS) have followed a similar upward trajectory, reflecting enhanced shareholder value over the years.
- The dividend payout percentage has remained relatively stable, ranging from 11% to 17% over the period, demonstrating the company’s commitment to distributing profits to its shareholders while retaining capital for growth initiatives.
Overall, the financials portray a positive picture of the company’s performance, characterized by steady revenue growth, improving profitability, and shareholder-friendly dividend policies.
Emkay recommends purchasing Bajaj Finance with a target price of Rs 9000.
FAQS
As of April 28, 2024, the current share price of Bajaj Finance is ₹6,731.
Based on current trends and market analysis, the expected share price target of Bajaj Finance in 2024 is ₹7,727.04 (maximum) and ₹5,881.65 (minimum).
Based on current trends and market analysis, the expected share price target of Bajaj Finance in 2030 is ₹23,434.53 (maximum) and ₹15,082.02 (minimum).
As per our price prediction, Bajaj Finance may not reach 50,000 INR within 2025 or 2030.
What is Bajaj Finance’s revenue growth over the last five years?
Bajaj Finance has exhibited robust revenue growth over the last five years, with its revenue increasing from ₹26,374 crore in March 2020 to ₹54,969 crore in March 2024. This represents a significant growth rate of approximately 108.4% during this period. The company’s consistent expansion is indicative of its strong performance and growing market presence in the financial services sector. This upward trajectory underscores Bajaj Finance’s ability to capitalize on market opportunities and effectively execute its business strategies, positioning it as a formidable player in the industry.
Is Bajaj Finance a good stock to buy?
Bajaj Finance is considered to be a good stock to buy by many investors due to its strong financial performance, market position, and growth potential. However, it is important to do your research and consult with a financial advisor before making any investment decisions.
Some factors that can impact Bajaj Finance’s share price in the future include economic conditions, interest rates, competition, regulatory changes, and company performance. Investors need to keep an eye on these factors and adjust their investment strategies accordingly.
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Conclusion: Bajaj Finance’s Resilience and Growth Amidst Market Dynamics
In conclusion, Bajaj Finance emerges as a stalwart in the Indian financial services sector, showcasing robust performance and resilience in the face of evolving market dynamics. The company’s Q4 FY23-24 results highlight its ability to deliver strong growth in key financial metrics, including net profit, assets under management, and net interest income, surpassing analyst expectations. Despite regulatory challenges, Bajaj Finance maintained its growth trajectory and demonstrated prudent risk management practices, contributing to improved asset quality. With a track record of consistent performance and a strategic focus on innovation and customer-centric solutions, Bajaj Finance remains well-positioned for sustained growth and value creation in the years ahead.
Disclaimer: The article ‘Bajaj Finance Share Price Target 2024 to 2030′ is just an opinion and not financial advice. Please consult a financial advisor before investing in Bajaj Finance
What did we learn?
- 1 Bajaj Finance Q4 FY23-24 Results Highlights
- 2 How to purchase Bajaj Finance shares?
- 3 Bajaj Finance Share Price Prediction: 2024 to 2030
- 4 Financial Condition of Bajaj Finance Ltd: Last 5 years
- 5 Emkay on Bajaj Finance share price target
- 6 FAQS
- 6.1 What is the current share price of Bajaj Finance?
- 6.2 What is the expected share price target of Bajaj Finance in 2024?
- 6.3 What is the expected share price target of Bajaj Finance in 2030?
- 6.4 Can Bajaj Finance’s share price reach ₹50,000 by 2025?
- 6.5 What is Bajaj Finance’s revenue growth over the last five years?
- 6.6 Is Bajaj Finance a good stock to buy?
- 6.7 What are some factors that can impact Bajaj Finance’s share price in the future?
- 7 Conclusion: Bajaj Finance’s Resilience and Growth Amidst Market Dynamics
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