Bajaj Finance Share Price Target 2027–2030: EPS-Based Forecast After Q2 FY27

Price as of 13 Nov 2026 close: ₹1,117 (NSE: BAJFINANCE, BSE: 500034). Results are consolidated Q2 FY27 figures (quarter to 30 Sep 2026) as reported by Finology, Kotak Neo and Multibagg. Price from Kotak Neo.

Bajaj Finance, India’s largest consumer-lending NBFC, grew Q2 FY27 profit 29% to ₹6,367 crore as AUM rose 26% to ₹5.85 lakh crore and its customer base reached about 12.9 crore. Management expects 26–27% AUM growth in FY27. At ₹1,117 (after its 2025 share split and bonus), the stock is near its 52-week high and trades at about 34× trailing earnings and 6.3× book.

1. Bajaj Finance Share Price Targets 2027–2030 at a Glance

All three scenarios come from one formula (next section). Targets are for the end of each calendar year.

The base case implies a price change of roughly 21% a year from today's ₹1,117 to the end of 2030.

2. How We Calculate These Targets

Target = projected EPS × P/E multiple. Each year-end target uses the EPS of the financial year that follows (for example, the 2027 target uses FY28 EPS), because markets price stocks on forward earnings. Read our full methodology.

• Starting EPS: trailing twelve-month EPS of about ₹32.7 (₹1,117 ÷ ~34.2× P/E).
• Bear case: EPS grows 14% a year, P/E 22×. Credit costs rise in unsecured loans and growth slows; the premium multiple compresses.
• Base case: EPS grows 22% a year, P/E 28×. AUM grows mid-20s with stable credit costs; P/E eases from ~34×.
• Bull case: EPS grows 26% a year, P/E 34×. Growth stays near guidance for years while asset quality holds, keeping the premium.

Worked example (base, 2027): ₹32.7 × 1.22 × 1.22 = ₹48.67 FY28 EPS → × 28 = ₹1,360.

Sensitivity — 2030 base-case EPS of ₹88.38 at different multiples:

3. Latest Results: What Changed

What changed: growth stayed in the mid-20s and profit grew faster than AUM, helped by lower underlying credit costs. Management kept a conservative provisioning stance and is shifting its gold-loan strategy. The stock dipped about 3% after results despite meeting estimates — a sign of how much is already priced in.

What it means for the targets: the base case assumes 22% EPS growth, slightly below AUM growth, with the multiple easing.

4. Bajaj Finance Share Price in 2026: Where It Stands

With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹1,117 on 13 Nov 2026, within a 52-week range of ₹787.90 – ₹1,176.40. The stock is close to its 52-week high.

5. Bajaj Finance Share Price Target 2027: ₹930 – ₹1,770 (Base ₹1,360)

Based on FY28 EPS of ₹42.50 / ₹48.67 / ₹51.91 (bear / base / bull). What to watch: AUM growth versus the 26–27% FY27 guidance.

6. Bajaj Finance Share Price Target 2028: ₹1,070 – ₹2,220 (Base ₹1,660)

Based on FY29 EPS of ₹48.45 / ₹59.38 / ₹65.41 (bear / base / bull). What to watch: credit costs in unsecured consumer and personal loans.

7. Bajaj Finance Share Price Target 2029: ₹1,220 – ₹2,800 (Base ₹2,030)

Based on FY30 EPS of ₹55.23 / ₹72.44 / ₹82.42 (bear / base / bull). What to watch: return on equity as the balance sheet grows.

8. Bajaj Finance Share Price Target 2030: ₹1,390 – ₹3,530 (Base ₹2,470)

Based on FY31 EPS of ₹62.96 / ₹88.38 / ₹103.85 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.

9. Key Metrics

10. Peer Comparison

Multiples as of 13 Nov 2026.

11. Risks That Would Break the Base Case

• Unsecured credit cycle: consumer and personal loans are the first to sour in a slowdown.
• Regulation: RBI has tightened rules on unsecured lending before.
• Valuation: at 6× book, the stock needs sustained 20%+ growth.
• Funding costs: as an NBFC it borrows at market rates.

12. What the Numbers Suggest

Bajaj Finance remains one of India’s best lending franchises, growing in the mid-20s with stable asset quality. The variable to track is credit cost. If it stays stable, the base case (₹2,470 by 2030) is reasonable; a credit cycle would point to the bear case.

This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.

13. FAQs on Bajaj Finance Share Price

What is the Bajaj Finance share price target for 2027?
Our base case is ₹1,360, assuming 22% annual EPS growth and a 28× P/E. The range is ₹930 (bear) to ₹1,770 (bull).

What is the Bajaj Finance share price target for 2030?
Base case ₹2,470; range ₹1,390 to ₹3,530. It assumes FY31 EPS of about ₹88.38.

What was Bajaj Finance’s profit in Q2 FY27?
₹6,367 crore consolidated, up 29%.

What is Bajaj Finance’s AUM?
₹5.85 lakh crore at 30 September 2026, up 26%.

What is Bajaj Finance’s FY27 guidance?
AUM growth of 26–27% and 1.8–2 crore new customers.

Why is Bajaj Finance’s share price lower than before?
The company did a share split and bonus issue in 2025, which increased the share count; the business value is unchanged.