Bajaj Finance Share Price Target 2023, 2024, 2025, 2027 and 2030

This post was most recently updated on September 18th, 2023

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Bajaj Finance Ltd. is one of the most diversified and profitable non-banking financial companies (NBFCs) in India, catering to more than 50 million customers across the country. In this article, let’s look at Bajaj Finance Share Price Target 2023, 2024, 2025, 2027, and 2030.

Bajaj Finance Share Price Target 2023, 2024, 2025, 2027 and 2030
Bajaj Finance Share Price Target 2023, 2024, 2025, 2027 and 2030

The company offers a range of products and services, such as consumer finance, SME finance, commercial lending, rural lending, deposits, wealth management, insurance, and digital payments. Bajaj Finance is a subsidiary of Bajaj Finserv Ltd., which is part of the Bajaj Group, a leading business conglomerate in India.

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Bajaj Finance Share Price Target 2023, 2024, 2025, 2027 and 2030

YearMinimum Price TargetMaximum Price TargetAverage Price Target
2023₹7,500₹8,000₹7,750
2024₹9,375₹10,000₹9,688
2025₹11,719₹12,500₹12,109
2026₹14,648₹15,625₹15,137
2027₹18,311₹19,531₹18,921
2028₹22,888₹24,414₹23,651
2029₹28,610₹30,518₹29,564
2030₹35,763₹38,147₹36,955
2031₹44,703₹47,684₹46,194
2032₹55,879₹59,605₹57,742
Bajaj Finance Share Price Target 2023, 2024, 2025, 2027 and 2030

Bajaj Finance Stock Price Performance

Bajaj Finance Share Price Target 2023

For 2023, the price target for Bajaj Finance shares is expected to be in the range of ₹7,500 to ₹8,000, with an average forecasted price of ₹7,750.

YearMinimum Price TargetMaximum Price TargetAverage Price Target
2023₹7,500₹8,000₹7,750
Bajaj Finance Share Price Target 2023

Bajaj Finance Share Price Target 2024

For the year 2024, Bajaj Finance’s share price target is expected to lie between ₹9,375 and ₹10,000, with an average projection of ₹9,688.

YearMinimum Price TargetMaximum Price TargetAverage Price Target
2024₹9,375₹10,000₹9,688
Bajaj Finance Share Price Target 2024

Bajaj Finance Share Price Target 2025

In 2025, the share price target for Bajaj Finance is forecasted to range from a minimum of ₹11,719 to a maximum of ₹12,500, with an average estimated price of ₹12,109.

YearMinimum Price TargetMaximum Price TargetAverage Price Target
2025₹11,719₹12,500₹12,109
Bajaj Finance Share Price Target 2025

Bajaj Finance Share Price Target 2030

By the year 2030, Bajaj Finance’s share price is anticipated to range between ₹35,763 and ₹38,147, with an average projection standing at ₹36,955.

YearMinimum Price TargetMaximum Price TargetAverage Price Target
2030₹35,763₹38,147₹36,955
Bajaj Finance Share Price Target 2030

Current Competitors of Bajaj Finance

Bajaj Finance faces competition from various players in the financial services sector, such as banks, NBFCs, fintech companies, and digital platforms. Some of the key competitors of Bajaj Finance are:

  • HDFC Bank Ltd.: India’s largest private sector bank by assets and market capitalization, offering a wide range of banking and financial services to retail and corporate customers.
  • Mahindra & Mahindra Financial Services Ltd.: A leading NBFC that provides financing for vehicles, tractors, SMEs, housing, and rural customers.
  • Muthoot Finance Ltd.: India’s largest gold loan company that also offers other products such as personal loans, business loans, insurance, and mutual funds.
  • Aditya Birla Capital Ltd.: A diversified financial services company that operates in segments such as lending, asset management, insurance, wealth management, and housing finance.
  • Jio Financial Services Ltd.: A newly formed entity that plans to enter the financial services space with offerings such as retail lending, asset management, insurance, and digital payments.

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Growth Opportunities for Bajaj Finance

Bajaj Finance has several growth opportunities in the Indian credit market, which is expected to grow at a compound annual growth rate (CAGR) of 12% from 2021 to 2026. Some of the growth drivers for Bajaj Finance are:

  • Customer acquisition and cross-selling: Bajaj Finance has a strong customer franchise of over 72.9 million customers as of June 2023, which it aims to leverage through its omni-channel strategy. The company offers various payment solutions such as EMI cards, co-branded credit cards, co-branded wallets, and QR codes to increase customer engagement and retention on its digital platforms. The company also cross-sells its products and services to its existing customers through data analytics and personalized offers.
  • New product launches and segments: Bajaj Finance is constantly innovating and launching new products and services to cater to the evolving needs of its customers. For instance, the company has recently launched products such as Flexi Hybrid Home Loan, Flexi Term Loan for professionals, Doctor Loan for medical practitioners, Shopkeeper Loan for retailers, etc. The company also plans to enter new segments such as car loans, tractor loans, microfinance loans, etc. in the next few years.
  • Geographic expansion and penetration: Bajaj Finance has a pan-India presence with 2,988 locations across the country as of June 2023, out of which 1,690 are in rural areas. The company plans to expand its presence by opening an additional 400-450 locations nationwide in FY24. The company also aims to increase its penetration in under-served markets such as tier 3 to tier 6 cities and towns.
  • Digital transformation and partnerships: Bajaj Finance is investing heavily in digital transformation to enhance its operational efficiency, customer experience, risk management, and cost optimization. The company has developed various digital platforms such as BFL App (a one-stop solution for all customer needs), Experia (a self-service portal for customers), Partner World (a portal for channel partners), etc. The company also partners with various online and offline players such as Amazon, Flipkart, Samsung, LG, Reliance Digital, etc. to offer its products and services.

Bajaj Finance Company Financials

Bajaj Finance has delivered strong financial performance over the years despite the challenges posed by the Covid-19 pandemic. The table below summarizes some of the key financial indicators of the company for FY23:

IndicatorValue
Operating revenueRs. 35,681 crore
Net profitRs. 10,290 crore
Earnings per shareRs. 179.77
Return on equity24.11%
Return on assets4.7%
Gross NPA ratio0.87%
Net NPA ratio0.31%
Capital adequacy ratio28.4%
Bajaj Finance Company Financials

Source: Bajaj Finance Annual Report FY23

Risks in the Future for Bajaj Finance Stock

Bajaj Finance faces some risks in the future that may affect its growth prospects and profitability. Some of these risks are:

  • Regulatory changes: As an NBFC, Bajaj Finance is subject to various regulations and guidelines issued by the Reserve Bank of India (RBI) and other authorities. Any adverse changes in the regulatory environment, such as higher capital requirements, stricter provisioning norms, lower lending limits, etc. may impact the company’s business operations and financial position.
  • Competition and disruption: Bajaj Finance faces intense competition from various players in the financial services sector, such as banks, NBFCs, fintech companies, and digital platforms. Some of these players may offer lower interest rates, better customer service, superior technology, or innovative products and services that may erode Bajaj Finance’s market share and margins. Moreover, the entry of new players such as Jio Financial Services may pose a significant threat to Bajaj Finance’s customer acquisition and cross-selling strategy.
  • Asset quality and credit risk: Bajaj Finance’s asset quality and credit risk may deteriorate due to various factors such as macroeconomic slowdown, rising unemployment, lower income levels, higher defaults, frauds, etc. The company’s exposure to unsecured loans, especially in the rural segment, may also increase its risk profile. The company may have to increase its provisions and write-offs, which may affect its profitability and capital adequacy.
  • Liquidity and interest rate risk: Bajaj Finance’s liquidity and interest rate risk may increase due to various factors such as mismatch between assets and liabilities, volatility in the money market, higher cost of funds, lower availability of funds, etc. The company may face challenges in raising funds from various sources such as banks, mutual funds, insurance companies, etc. due to market conditions or regulatory restrictions. The company may also face pressure on its net interest margin due to changes in interest rates or competition.

Key Things to Watch Out for Bajaj Finance Stock

Bajaj Finance is one of the leading NBFCs in India, with a diversified and innovative product portfolio, a strong customer franchise, a pan-India presence, and a robust digital platform.

The company has several growth opportunities in the Indian credit market, which is expected to grow at a healthy pace in the coming years. The company has also delivered consistent financial performance over the years, despite the challenges posed by the Covid-19 pandemic.

However, Bajaj Finance also faces some risks in the future that may affect its growth prospects and profitability. These include regulatory changes, competition and disruption, asset quality and credit risk, liquidity and interest rate risk, etc.

Therefore, investors should keep an eye on the following key things while investing in Bajaj Finance stock:

  • The company’s customer acquisition and cross-selling strategy through its omni-channel approach and payment solutions
  • The company’s new product launches and entry into new segments such as car loans, tractor loans, microfinance loans, etc.
  • The company’s geographic expansion and penetration into under-served markets such as tier 3 to tier 6 cities and towns
  • The company’s digital transformation and partnerships with various online and offline players
  • The company’s asset quality and credit risk across various segments and products
  • The company’s liquidity position and cost of funds
  • The company’s regulatory compliance and capital adequacy
  • The company’s valuation and earnings growth

Bajaj Finance is a well-managed and well-positioned NBFC that has a proven track record of creating value for its shareholders. However, investors should also be aware of the potential risks and challenges that the company may face in the future. Therefore, investors should do their own research and analysis before investing in Bajaj Finance stock.

Final Thoughts on Bajaj Finance Share Price Target 2023, 2024, 2025, 2027 and 2030


Bajaj Finance is a leading NBFC in India that has a diversified and innovative product portfolio, a strong customer franchise, a pan-India presence, and a robust digital platform. The company has several growth opportunities in the Indian credit market, which is expected to grow at a healthy pace in the coming years.

The company has also delivered consistent financial performance over the years despite the challenges posed by the Covid-19 pandemic.

However, Bajaj Finance also faces some risks in the future that may affect its growth prospects and profitability. These include regulatory changes, competition and disruption, asset quality and credit risk, liquidity and interest rate risk, etc. Therefore, investors should keep an eye on the key things mentioned in this blog post while investing in Bajaj Finance stock.

Bajaj Finance is a well-managed and well-positioned NBFC that has a proven track record of creating value for its shareholders.

However, investors should also be aware of the potential risks and challenges that the company may face in the future. Therefore, investors should do their own research and analysis before investing in Bajaj Finance stock. Thank you for reading this blog post. I hope you found it informative and useful.

FAQs on Bajaj Finance Share Price Target 2023, 2024, 2025, 2027 and 2030

What is Bajaj Finance Share Price Target 2023?

In 2023, the Bajaj Finance shares are forecasted to have a price target between ₹7,500 and ₹8,000, with a projected average price of ₹7,750.

What is Bajaj Finance Share Price Target 2024?

In 2024, Bajaj Finance shares are anticipated to range in price from ₹9,375 to ₹10,000, with an estimated average of ₹9,688.

What is Bajaj Finance Share Price Target 2025?

For 2025, Bajaj Finance’s projected share price is set to fluctuate between ₹11,719 and ₹12,500, with a median estimate pegged at ₹12,109.

What is Bajaj Finance Share Price Target 2030?

In 2030, the expected share price for Bajaj Finance is set to span from ₹35,763 to ₹38,147, with an average forecast of ₹36,955.

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