Bajaj FinanceBOM:500034 -1.10%68 Net Margin % is 41.52% as of Mar. 2026, which is 17% above its 10-year median of 35.36. GuruFocus rates BOM:500034 with a GF Score™ of 68/100 and a GF Value™ of ₹1,133.89 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 533 Credit Services companies, Bajaj Finance ranks better than 79.55% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Bajaj Finance's Net Income for the
three
months ended in Mar. 2026 was ₹54,646 Mil. Bajaj Finance's Revenue for the
three
months ended in Mar. 2026 was ₹131,627 Mil. Therefore, Bajaj Finance's net margin for the quarter that ended in Mar. 2026 was 41.52%.
The historical rank and industry rank for Bajaj Finance's Net Margin % or its related term are showing as below:
BOM:500034'
s Net Margin % Range Over the Past 10 Years
Min: 27.58 Med: 35.36 Max: 42.67
Current: 37.88
BOM:500034's Net Margin % is ranked better than 79.55% of 533
companies
in the Credit Services industry
Industry Median: 14.54
vs BOM:500034: 37.88
Bajaj Finance (BOM:500034) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Bajaj Finance Net Margin % Related Terms
Bajaj Finance Net Margin % Historical Data
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The historical data trend for Bajaj Finance's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Credit Services subindustry, Bajaj Finance's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bajaj Finance Net Margin % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Bajaj Finance's Net Margin % distribution charts can be found below:
* The bar in red indicates where Bajaj Finance's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bajaj Finance (BOM:500034) has a Net Margin % of 41.52% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Bajaj Finance and its competitors. This is 17% above median its historical median of 35.36. Over the past decade, Bajaj Finance's Net Margin % has ranged from 27.58 to 42.67. According to the industry distribution chart, Bajaj Finance ranks #109 out of 533 companies in the Credit Services industry, placing it in the top 20.5%.
Is Bajaj Finance's Net Margin % too high?
Bajaj Finance's current Net Margin % of 41.52% is 17% above median its 10-year median of 35.36. Over the past 10 years, this metric has ranged from a low of 27.58 to a high of 42.67. The Credit Services industry median Net Margin % is 14.54. Bajaj Finance's value of 41.52% is 185.6% above this industry median. Based on the distribution chart, Bajaj Finance ranks #109 out of 533 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Bajaj Finance has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bajaj Finance's Net Margin % compare to V and MA?
According to the Credit Services industry distribution chart, Bajaj Finance ranks #109 out of 533 companies for Net Margin %. This places Bajaj Finance in the top 21% of its industry — outperforming the majority of peers. The industry median Net Margin % is 14.54. Bajaj Finance's value of 41.52% is 185.6% above this benchmark. Historically, Bajaj Finance's own Net Margin % has ranged from 27.58 to 42.67 over the past decade. While the company's 10-year median is 35.36 vs. the industry median of 14.54, Bajaj Finance has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Credit Services company?
The median Net Margin % among Credit Services companies is 14.54, based on 533 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bajaj Finance's current Net Margin % of 41.52% is 185.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Bajaj Finance and its competitors. For the Credit Services industry, the median Net Margin % is 14.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bajaj Finance's current Net Margin % is 41.52%, which is 17% above median its own 10-year median of 35.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bajaj Finance stock overvalued right now?
Based on GuruFocus' analysis, Bajaj Finance (BOM:500034) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,133.89, compared to a current price of ₹979.90 — trading 13.6% below its estimated fair value. The current Net Margin % is 41.52%, which is 17% above median its 10-year median of 35.36 and 185.6% above the Credit Services industry median of 14.54. Bajaj Finance's overall GF Score™ is 68/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Bajaj Finance (BOM:500034), the current Net Margin % is 41.52% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bajaj Finance (BOM:500034) Overvalued in 2026?
Based on GuruFocus' analysis, Bajaj Finance stock appears to be undervalued.
The current stock price of ₹979.90 is trading 13.6% below its estimated GF Value™ of ₹1,133.89.
GuruFocus considers Bajaj Finance to be Modestly Undervalued.
Key valuation signals for BOM:500034:
Net Margin %: 41.52% (17% above median its 10-year median of 35.36)
GF Value™: ₹1,133.89 vs. price of ₹979.90 (13.6% below fair value)
Industry Position: 185.6% above the Credit Services median (#109 of 533)
No single metric tells the full story. See the BOM:500034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bajaj Finance Ltd is the holding company for various financial services businesses under the Bajaj Group, which operates in India. The company is an NBFC in India offering payments, partnerships, services, and lending solutions to customers. The company's model is focused on the acquisition of customers and offering multiple loans and services on a cross-sell basis to meet their financial service needs. The company provides discretionary spending across consumer electronics, furniture, and digital products in India. The company's strategies and structure are closely aligned with those of commercial banks in India. All of its revenue is generated from India.
68GF Score
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