Bajaj Finance Limited (BAJFINANCE) - Net Assets

Latest as of September 2025: Rs1.06 Trillion INR ≈ $11.42 Billion USD

Based on the latest financial reports, Bajaj Finance Limited (BAJFINANCE) has net assets worth Rs1.06 Trillion INR (≈ $11.42 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.10 Trillion ≈ $55.15 Billion USD) and total liabilities (Rs4.04 Trillion ≈ $43.73 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Bajaj Finance Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.06 Trillion
% of Total Assets	20.71%
Annual Growth Rate	34.2%
5-Year Change	167.99%
10-Year Change	1232.05%
Growth Volatility	27.17

Bajaj Finance Limited - Net Assets Trend (2005–2025)

This chart illustrates how Bajaj Finance Limited's net assets have evolved over time, based on quarterly financial data. Also explore Bajaj Finance Limited (BAJFINANCE) total assets for the complete picture of this company's asset base.

Annual Net Assets for Bajaj Finance Limited (2005–2025)

The table below shows the annual net assets of Bajaj Finance Limited from 2005 to 2025. For live valuation and market cap data, see BAJFINANCE stock market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs989.37 Billion ≈ $10.70 Billion	+29.00%
2024-03-31	Rs766.95 Billion ≈ $8.29 Billion	+41.06%
2023-03-31	Rs543.72 Billion ≈ $5.88 Billion	+24.38%
2022-03-31	Rs437.13 Billion ≈ $4.73 Billion	+18.40%
2021-03-31	Rs369.18 Billion ≈ $3.99 Billion	+14.20%
2020-03-31	Rs323.28 Billion ≈ $3.50 Billion	+64.12%
2019-03-31	Rs196.97 Billion ≈ $2.13 Billion	+19.05%
2018-03-31	Rs165.46 Billion ≈ $1.79 Billion	+72.35%
2017-03-31	Rs96.00 Billion ≈ $1.04 Billion	+29.25%
2016-03-31	Rs74.27 Billion ≈ $803.25 Million	+54.74%
2015-03-31	Rs48.00 Billion ≈ $519.10 Million	+20.25%
2014-03-31	Rs39.92 Billion ≈ $431.68 Million	+18.55%
2013-03-31	Rs33.67 Billion ≈ $364.13 Million	+65.57%
2012-03-31	Rs20.34 Billion ≈ $219.92 Million	+49.74%
2011-03-31	Rs13.58 Billion ≈ $146.87 Million	+17.84%
2010-03-31	Rs11.53 Billion ≈ $124.64 Million	+5.86%
2009-03-31	Rs10.89 Billion ≈ $117.74 Million	+2.38%
2008-03-31	Rs10.63 Billion ≈ $115.00 Million	+6.77%
2007-03-31	Rs9.96 Billion ≈ $107.71 Million	+101.18%
2006-03-31	Rs4.95 Billion ≈ $53.54 Million	+79.51%
2005-03-31	Rs2.76 Billion ≈ $29.82 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Bajaj Finance Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 51782660000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs517.83 Billion	53.55%
Common Stock	Rs1.24 Billion	0.13%
Other Comprehensive Income	Rs165.05 Billion	17.07%
Other Components	Rs282.81 Billion	29.25%
Total Equity	Rs966.93 Billion	100.00%

Bajaj Finance Limited Competitors by Market Cap

The table below lists competitors of Bajaj Finance Limited ranked by their market capitalization.

Company	Market Cap
Atlas Copco AB Series A ST:ATCO-A	$64.25 Billion
Atlas Copco A ADR F:ACO	$64.34 Billion
Vingroup JSC VN:VIC	$64.39 Billion
The Travelers Companies Inc NYSE:TRV	$64.45 Billion
ENGIE ADR/1 EO 1 F:GZFB	$63.66 Billion
Elevance Health Inc NYSE:ELV	$63.54 Billion
Natwest Group PLC NYSE:NWG	$63.28 Billion
Baker Hughes Co NASDAQ:BKR	$62.90 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bajaj Finance Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 766,953,500,000 to 966,928,700,000, a change of 199,975,200,000 (26.1%).
Net income of 166,378,200,000 contributed positively to equity growth.
Dividend payments of 22,252,400,000 reduced retained earnings.
Share repurchases of 12,514,400,000 reduced equity.
New share issuances of 77,119,400,000 increased equity.
Other comprehensive income increased equity by 35,953,700,000.
Other factors decreased equity by 44,709,300,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs166.38 Billion	+17.21%
Dividends Paid	Rs22.25 Billion	-2.3%
Share Repurchases	Rs12.51 Billion	-1.29%
Share Issuances	Rs77.12 Billion	+7.98%
Other Comprehensive Income	Rs35.95 Billion	+3.72%
Other Changes	Rs-44.71 Billion	-4.62%
Total Change	Rs-	26.07%

Book Value vs Market Value Analysis

This analysis compares Bajaj Finance Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 6.13x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 701.41x to 6.13x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs1.36	Rs955.35	x
2006-03-31	Rs2.45	Rs955.35	x
2007-03-31	Rs3.82	Rs955.35	x
2008-03-31	Rs2.85	Rs955.35	x
2009-03-31	Rs2.89	Rs955.35	x
2010-03-31	Rs3.06	Rs955.35	x
2011-03-31	Rs3.60	Rs955.35	x
2012-03-31	Rs5.36	Rs955.35	x
2013-03-31	Rs7.67	Rs955.35	x
2014-03-31	Rs7.97	Rs955.35	x
2015-03-31	Rs9.50	Rs955.35	x
2016-03-31	Rs13.87	Rs955.35	x
2017-03-31	Rs17.60	Rs955.35	x
2018-03-31	Rs291.11	Rs955.35	x
2019-03-31	Rs338.99	Rs955.35	x
2020-03-31	Rs547.03	Rs955.35	x
2021-03-31	Rs609.72	Rs955.35	x
2022-03-31	Rs720.18	Rs955.35	x
2023-03-31	Rs895.68	Rs955.35	x
2024-03-31	Rs125.24	Rs955.35	x
2025-03-31	Rs155.87	Rs955.35	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bajaj Finance Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 17.21%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 24.79%
• Asset Turnover: 0.14x
• Equity Multiplier: 4.82x
Recent ROE (17.21%) is above the historical average (14.66%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	20.29%	38.50%	0.10x	5.16x	Rs283.80 Million
2006	4.26%	0.00%	-0.03x	4.48x	Rs-284.29 Million
2007	4.78%	0.00%	-0.03x	3.56x	Rs-519.50 Million
2008	1.94%	0.00%	-0.04x	3.62x	Rs-857.58 Million
2009	3.12%	0.00%	-0.04x	3.71x	Rs-749.59 Million
2010	7.76%	11.04%	0.17x	4.18x	Rs-258.46 Million
2011	18.18%	17.98%	0.16x	6.27x	Rs1.11 Billion
2012	19.99%	18.99%	0.17x	6.36x	Rs2.03 Billion
2013	17.56%	19.25%	0.17x	5.29x	Rs2.55 Billion
2014	18.01%	17.86%	0.16x	6.17x	Rs3.20 Billion
2015	18.71%	16.66%	0.16x	6.84x	Rs4.18 Billion
2016	17.22%	17.57%	0.16x	6.25x	Rs5.36 Billion
2017	19.13%	18.51%	0.16x	6.64x	Rs8.76 Billion
2018	15.09%	20.42%	0.14x	5.25x	Rs8.42 Billion
2019	20.28%	22.46%	0.14x	6.31x	Rs20.25 Billion
2020	16.28%	20.78%	0.15x	5.09x	Rs20.31 Billion
2021	11.97%	17.38%	0.15x	4.65x	Rs7.28 Billion
2022	16.08%	23.52%	0.14x	4.86x	Rs26.57 Billion
2023	21.16%	29.11%	0.14x	5.06x	Rs60.70 Billion
2024	18.84%	27.24%	0.14x	4.90x	Rs67.82 Billion
2025	17.21%	24.79%	0.14x	4.82x	Rs69.69 Billion

Industry Comparison

This section compares Bajaj Finance Limited's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $16,973,278,884
Average return on equity (ROE) among peers: 8.80%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bajaj Finance Limited (BAJFINANCE)	Rs1.06 Trillion	20.29%	3.83x	$64.23 Billion
Akme Fintrade India Ltd (AFIL)	$1.30 Billion	0.00%	2.50x	$42.83 Million
Arman Financial Services Limited (ARMANFIN)	$78.33 Million	10.06%	2.58x	$199.37 Million
Baid Finserv Limited (BAIDFIN)	$118.04 Million	8.48%	1.97x	$19.45 Million
Capri Global Capital Limited (CGCL)	$9.00 Billion	8.51%	0.02x	$2.06 Billion
Cholamandalam Investment and Finance Company Limited (CHOLAFIN)	$96.00 Billion	15.84%	6.78x	$15.28 Billion
Cholamandalam Financial Holdings Limited (CHOLAHLDNG)	$39.31 Billion	10.79%	6.73x	$3.62 Billion
CREDITACCESS GRAMEEN LIMITED (CREDITACC)	$3.76 Billion	12.95%	3.59x	$2.59 Billion
CSL Finance Limited (CSLFINANCE)	$3.63 Billion	12.59%	1.15x	$57.33 Million
DCM Financial Services Limited (DCMFINSERV)	$-439.02 Million	0.00%	0.00x	$1.17 Million

About Bajaj Finance Limited

NSE:BAJFINANCE India Credit Services

Market Cap

$64.23 Billion

Rs5.94 Trillion INR

Market Cap Rank

#414 Global

#4 in India

Share Price

Rs955.35

Change (1 day)

-1.79%

52-Week Range

Rs801.55 - Rs9607.50

All Time High

Rs9607.50