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 Q3 FY24 Financial Highlights
- Consolidated Net Profit: ₹3,639 crore, marking a 22% YoY growth.
- Net Interest Income (NII): Increased by 29% to ₹7,655 crore YoY.
- New Loans Booked: 9.86 million, a 26% YoY growth.
- Total Net Income: ₹9,298 crore, up 25% YoY.
- Asset Under Management (AUM): Crossed ₹3 lakh crore, a 35% YoY surge.
- Deposit Book: Grew by 35% to ₹58,000 crore.
- Gross NPA: Increased to 0.95%, up 4 bps QoQ.
- Net NPA: Rose to 0.37%, a 6 bps sequential increase.
- Provisioning Coverage Ratio: 62% on stage 3 assets as of December 31, 2023.
- Capital Adequacy Ratio (CRAR): 23.87% as of December 31, 2023.
- RBI Impact: Increased risk weight on consumer credit exposure impacted CRAR by 290 bps.
Below are the trading platforms that you can use to purchase Bajaj Finance shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
- Paytm Money (Recommended)
| When | Maximum Price | Minimum Price |
| March 2024 | 6,435.00 | 5,595.65 |
| April 2024 | 6,247.57 | 5,432.67 |
| May 2024 | 6,155.24 | 5,352.39 |
| June 2024 | 6,376.83 | 5,545.07 |
| July 2024 | 6,313.06 | 5,489.62 |
| August 2024 | 6,565.59 | 5,709.21 |
| September 2024 | 6,828.21 | 5,937.57 |
| October 2024 | 6,694.32 | 5,821.15 |
| November 2024 | 6,962.10 | 6,054.00 |
| December 2024 | 7,031.72 | 6,114.54 |
In March 2024, Bajaj Finance’s maximum price is expected to reach 6,435.00, while the minimum price is projected to be around 5,595.65. As April approaches, the maximum and minimum prices are anticipated to decrease slightly to 6,247.57 and 5,432.67, respectively. Moving forward to December 2024, Bajaj Finance is forecasted to witness its highest maximum price of 7,031.72 and a corresponding minimum price of 6,114.54, indicating potential growth in the market.
| When | Maximum Price | Minimum Price |
| January 2025 | 7,038.75 | 5,414.42 |
| February 2025 | 7,052.86 | 5,425.27 |
| March 2025 | 7,200.97 | 5,539.20 |
| April 2025 | 7,059.77 | 5,430.59 |
| May 2025 | 6,854.15 | 5,272.42 |
| June 2025 | 7,162.58 | 5,509.68 |
| July 2025 | 7,022.14 | 5,401.65 |
| August 2025 | 7,239.32 | 5,568.71 |
| September 2025 | 7,326.19 | 5,635.53 |
| October 2025 | 7,516.67 | 5,782.06 |
| November 2025 | 7,704.59 | 5,926.61 |
| December 2025 | 8,051.30 | 6,193.30 |
In January 2025, Bajaj Finance is projected to see its maximum price climb to 7,038.75 and its minimum price to 5,414.42. As February arrives, the maximum and minimum prices are expected to maintain stability, with forecasts suggesting values of 7,052.86 and 5,425.27, respectively. By December 2025, Bajaj Finance is anticipated to experience a significant rise in both its maximum and minimum prices, reaching heights of 8,051.30 and 6,193.30, respectively, indicating potential market growth.
| When | Maximum Price | Minimum Price |
| January 2026 | 8,292.83 | 6,379.10 |
| February 2026 | 8,505.47 | 6,542.67 |
| March 2026 | 8,837.18 | 6,797.83 |
| April 2026 | 8,663.91 | 6,664.54 |
| May 2026 | 8,411.56 | 6,470.43 |
| June 2026 | 8,790.08 | 6,761.60 |
| July 2026 | 8,617.72 | 6,629.02 |
| August 2026 | 8,884.25 | 6,834.04 |
| September 2026 | 9,195.20 | 7,073.23 |
| October 2026 | 9,434.28 | 7,257.14 |
| November 2026 | 9,670.13 | 7,438.56 |
| December 2026 | 9,911.89 | 7,624.53 |
| When | Maximum Price | Minimum Price |
| January 2027 | 10,110.12 | 7,777.02 |
| February 2027 | 10,369.36 | 7,976.43 |
| March 2027 | 10,773.76 | 8,287.51 |
| April 2027 | 10,562.51 | 8,125.01 |
| May 2027 | 10,254.87 | 7,888.36 |
| June 2027 | 10,716.34 | 8,243.34 |
| July 2027 | 10,506.21 | 8,081.70 |
| August 2027 | 10,831.15 | 8,331.65 |
| September 2027 | 11,210.24 | 8,623.26 |
| October 2027 | 11,501.70 | 8,847.46 |
| November 2027 | 11,789.25 | 9,068.65 |
| December 2027 | 12,083.98 | 9,295.37 |
| When | Maximum Price | Minimum Price |
| January 2028 | 12,325.66 | 9,481.27 |
| February 2028 | 12,641.70 | 9,724.38 |
| March 2028 | 13,134.72 | 10,103.63 |
| April 2028 | 12,877.18 | 9,905.52 |
| May 2028 | 12,502.12 | 9,617.01 |
| June 2028 | 13,064.71 | 10,049.78 |
| July 2028 | 12,808.54 | 9,852.72 |
| August 2028 | 13,204.68 | 10,157.45 |
| September 2028 | 13,666.85 | 10,512.96 |
| October 2028 | 14,022.18 | 10,786.30 |
| November 2028 | 14,372.74 | 11,055.95 |
| December 2028 | 14,732.06 | 11,332.35 |
| When | Maximum Price | Minimum Price |
| January 2029 | 15,026.70 | 11,559.00 |
| February 2029 | 15,412.00 | 11,855.38 |
| March 2029 | 16,013.07 | 12,317.74 |
| April 2029 | 15,699.08 | 12,076.22 |
| May 2029 | 15,241.83 | 11,724.48 |
| June 2029 | 15,927.71 | 12,252.09 |
| July 2029 | 15,615.40 | 12,011.85 |
| August 2029 | 16,098.35 | 12,383.35 |
| September 2029 | 16,661.80 | 12,816.77 |
| October 2029 | 17,095.00 | 13,150.00 |
| November 2029 | 17,522.38 | 13,478.75 |
| December 2029 | 17,960.44 | 13,815.72 |
| When | Maximum Price | Minimum Price |
| January 2030 | 18,319.65 | 14,092.04 |
| February 2030 | 18,789.38 | 14,453.37 |
| March 2030 | 19,522.17 | 15,017.05 |
| April 2030 | 19,139.38 | 14,722.60 |
| May 2030 | 18,581.92 | 14,293.79 |
| June 2030 | 19,418.11 | 14,937.01 |
| July 2030 | 19,037.36 | 14,644.12 |
| August 2030 | 19,626.15 | 15,097.04 |
| September 2030 | 20,313.06 | 15,625.43 |
| October 2030 | 20,841.20 | 16,031.69 |
| November 2030 | 21,362.23 | 16,432.49 |
| December 2030 | 21,896.29 | 16,843.30 |
In January 2030, Bajaj Finance is forecasted to witness its maximum price surge to 18,319.65, with the minimum price expected to reach 14,092.04. As February progresses, both maximum and minimum prices are anticipated to continue their upward trajectory, reaching 18,789.38 and 14,453.37, respectively. By December 2030, Bajaj Finance is projected to see significant growth, with its maximum and minimum prices soaring to 21,896.29 and 16,843.30, respectively, indicating robust performance in the market.
Financial Condition of Bajaj Finance Ltd: Last 5 years
| BAJAJ FINANCE
Financials |
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales
(Crore Rs.) |
18,487 | 26,374 | 26,673 | 31,633 | 41,397 |
| Expenses (Crore Rs.) |
5,454 | 9,159 | 10,839 | 11,880 | 12,834 |
| Operating Profit (Crore Rs.) |
6,310 | 7,608 | 6,314 | 9,905 | 16,003 |
| OPM | 34% | 29% | 24% | 31% | 39% |
| Other Income (Crore Rs.) |
13 | 9 | 3 | -17 | 10 |
| Profit Before Tax (Crore Rs.) |
6,179 | 7,322 | 5,992 | 9,504 | 15,528 |
| PAT (Crore Rs.) |
3,995 | 5,264 | 4,420 | 7,028 | 11,508 |
| EPS | 69.12 | 87.48 | 73.35 | 116.09 | 190.07 |
| Dividend Payout | 9% | 11% | 14% | 17% | 16% |
Over the past five years, Bajaj Finance has experienced significant growth, as evident from its financial data. The company’s revenue has nearly tripled, increasing from 18,487 crore INR in March 2019 to 41,397 crore INR in March 2023. This remarkable growth can be attributed to its ability to generate higher interest income, manage expenses effectively, and achieve a consistently high operating profit margin, which stood at an impressive 39% in March 2023.
Bajaj Finance has also demonstrated resilience by maintaining a stable dividend payout ratio, indicating its commitment to rewarding shareholders.
Additionally, the company’s net profit has more than tripled, climbing from 3,995 crore INR in March 2019 to 11,508 crore INR in March 2023. This growth is reflected in the significant increase in earnings per share (EPS), which rose from 69.12 INR in March 2019 to 190.07 INR in March 2023. Such impressive financial performance and profitability have undoubtedly contributed to the substantial increase in Bajaj Finance’s share price from 2,336 INR in June 2018 to 7,134 INR in June 2023.
HDFC Securities recommends purchasing Bajaj Finance with a target price of Rs 8,650.
FAQS
As of March 7, 2024, the current share price of Bajaj Finance is ₹ 6,419.
Based on current trends and market analysis, the expected share price target of Bajaj Finance in 2024 is ₹7,031.72 (maximum) and ₹5,352.39 (minimum).
Based on current trends and market analysis, the expected share price target of Bajaj Finance in 2025 is ₹8,051.30(maximum) and ₹5,272.42 (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’s revenue has experienced substantial growth over the last five years. In March 2019, the company’s revenue stood at 18,487 crore INR, and by March 2023, it had reached 41,397 crore INR. This represents a remarkable revenue growth of approximately 124% over the five years. Bajaj Finance’s ability to consistently increase its revenue is a testament to its successful business strategies, expanding customer base, and effective market positioning in the financial services industry.
What is Bajaj Finance’s profit growth over the last five years?
Bajaj Finance has demonstrated impressive profit growth over the last five years. In March 2019, the company reported a net profit of 3,995 crore INR, which increased to 11,508 crore INR by March 2023. This represents a remarkable profit growth of approximately 188% over the five years. Bajaj Finance’s ability to consistently enhance its profitability is a result of its efficient financial management, strong customer base, and successful business expansion. The company’s focus on driving revenue growth while effectively managing expenses has contributed to its substantial profit growth over the years.
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 Limited has evolved impressively from its inception in 1987 as a vehicle financing entity to becoming one of India’s leading non-banking financial companies. The Q3 FY24 results highlight robust financial performance, with a 22% YoY increase in consolidated net profit and significant growth in Net Interest Income and Assets Under Management. Share price targets for the years 2024 to 2030 indicate a positive trajectory, affirming investor confidence.
HDFC Securities recommends a buy with a target price of ₹8,650. Over the past five years, Bajaj Finance has consistently demonstrated revenue and profit growth. While navigating market dynamics, investors should remain vigilant to economic conditions and regulatory changes. Bajaj Finance stands as a resilient and promising player in India’s financial landscape, offering potential opportunities for both short-term and long-term investors.
What did we learn?
- 1 Bajaj Finance Q3 FY24 Financial 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 HDFC Securities 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 2025?
- 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 What is Bajaj Finance’s profit growth over the last five years?
- 6.7 Is Bajaj Finance a good stock to buy?
- 6.8 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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