Bajaj Finance Share Price: 13.0% CAGR in 3 Years as the Largest NBFC Stands Against Cholamandalam and Shriram Finance
- November 11, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Bajaj Finance Share Price: 13.0% CAGR in 3 Years as the Largest NBFC Stands Against Cholamandalam and Shriram Finance
Bajaj Finance previous close Rs 1,064.85. 3-year CAGR 13.0%. Up 1.4x since 9 Nov 2023. ROE 17.61%. Market cap Rs 6,63,064 crore.
Quick Answer
The Bajaj Finance share price closed at Rs 1,064.85 on 9 November 2026, a compounded annual return of 13.0% over three years. That compares with Cholamandalam Investment and Finance at 15.8% and Shriram Finance at 35.4%. The company has a market cap of Rs 6,63,064 crore and a P/E of 30.05 against an industry P/E of 17.80.
The Bajaj Finance share price has delivered a steady return over three years, and the company remains the largest listed non-banking lender by market cap. Bajaj Finance, based in Pune, lends to consumers and small businesses through products such as consumer durable loans, personal loans and mortgages.
This article compares that run with Cholamandalam Investment and Finance and Shriram Finance. We calculate the three-year CAGR for all three and set the results beside market cap, valuation, return on equity and debt, using prices adjusted for corporate actions.
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How Much Has the Bajaj Finance Share Price Returned in 3 Years?
The Bajaj Finance stock closed at Rs 738.67 on 9 November 2023 and at Rs 1,064.85 on 9 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.44 lakh, which is a CAGR of 13.0%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Bajaj Finance can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Bajaj Finance share price has also followed the steady growth of retail credit and the widening customer base that the company has built across cities and towns.
Bajaj Finance vs Cholamandalam Investment and Finance and Shriram Finance: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 9 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 9 November 2026.
| Company | Close on 9 Nov 2023 | Previous close (9 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Shriram Finance | Rs 388.68 | Rs 965.00 | 2.5x | 35.4% |
| Cholamandalam Investment and Finance | Rs 1,152.05 | Rs 1,790.80 | 1.6x | 15.8% |
| Bajaj Finance | Rs 738.67 | Rs 1,064.85 | 1.4x | 13.0% |
The Bajaj Finance stock ranks third of the three at 13.0%. The companies ahead are Shriram Finance (35.4%) and Cholamandalam Investment and Finance (15.8%). Shriram Finance leads the group, followed by Cholamandalam and then Bajaj Finance. Bajaj Finance is by far the largest of the three by market cap, so its yearly return came on a much bigger base of capital.
Look at the Bajaj Finance share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| Bajaj Finance | Rs 6,63,064 crore | 30.05 | 17.80 | 17.61% | 4.08 |
| Shriram Finance | Rs 2,26,955 crore | 17.89 | 17.80 | 11.39% | 2.12 |
| Cholamandalam Investment and Finance | Rs 1,53,087 crore | 24.60 | 17.80 | 18.02% | 6.72 |
By market cap, Bajaj Finance is the largest of the group at Rs 6,63,064 crore, which gives it the scale advantage over Cholamandalam Investment and Finance, Shriram Finance. On earnings, Bajaj Finance shares trade at a P/E of 30.05 against an industry P/E of 17.80, a premium of about 69%, which signals that the market expects faster earnings growth. Peer multiples are Cholamandalam Investment and Finance at 24.60 and Shriram Finance at 17.89.
Return on equity is 17.61% for the Bajaj Finance stock, which ranks second among the three, and debt to equity stands at 4.08. Trailing EPS is Rs 35.44. Lenders carry high debt by design, so the debt to equity figure should be read alongside return on equity and the P/E rather than on its own.
What Is Driving the Bajaj Finance Stock?
Bajaj Finance has a large base of customers, and it sells new products to the same people over time. Its lending covers consumer durables, personal loans, business loans, mortgages and gold loans, along with a growing deposit book.
The company uses data and digital channels to approve loans quickly, which helps it grow while controlling credit risk. Its funding mix of bonds, bank loans and deposits shapes its cost of funds.
Followers of the Bajaj Finance share price usually track loan growth, net interest margin, asset quality and the cost of funds.
How the Established Players Stack Up
Cholamandalam Investment and Finance is a Chennai-based lender from the Murugappa Group that mainly finances vehicles. It compounded at 15.8% a year, on a market cap of Rs 1,53,087 crore and an ROE of 18.02%.
Shriram Finance is a lender focused on commercial vehicle loans and loans for small business owners across India. It compounded at 35.4% a year, on a market cap of Rs 2,26,955 crore and an ROE of 11.39%.
What Should Investors Track Next?
Three things are worth watching on the Bajaj Finance share price. First, the pace of loan growth. Second, movement in the cost of funds. Third, asset quality in unsecured loans.
At a P/E of 30, the stock trades above the industry P/E of 18, and its ROE is 17.61%. A higher multiple means expectations are meaningful, so follow results closely.
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How to Compare NBFC Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Bajaj Finance stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Bajaj Finance share price, the same four checks give a more complete picture than price alone.
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The Largest NBFC With a Strong ROE
The Bajaj Finance share price compounded at 13.0% a year over three years, behind Cholamandalam at 15.8% and Shriram Finance at 35.4%. Its ROE of 17.61% is second only to Cholamandalam.
Shriram Finance brings the fastest return at the lowest multiple, while Cholamandalam brings the highest ROE. The choice depends on which part of retail lending you want to follow.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Bajaj Finance share price today?
Ans. Bajaj Finance closed at Rs 1,064.85 on 9 November 2026, according to NSE data. It has a market cap of Rs 6,63,064 crore and a P/E of 30.05. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Bajaj Finance stock?
Ans. Bajaj Finance delivered a price CAGR of 13.0% over three years, moving from Rs 738.67 on 9 November 2023 to Rs 1,064.85 on 9 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Bajaj Finance better than Shriram Finance?
Ans. Shriram Finance delivered a higher three-year CAGR at 35.4% than Bajaj Finance at 13.0%. Bajaj Finance is much larger at Rs 6,63,064 crore against Rs 2,26,955 crore and has a higher ROE at 17.61% against 11.39%, while Shriram Finance trades at a lower P/E of 17.89 against 30.05. The better choice depends on your view of each business.
What does Bajaj Finance do?
Ans. Bajaj Finance is a Pune-based non-banking finance company that lends to consumers and small businesses and is the largest NBFC in India by market cap.
Is the Bajaj Finance stock debt free?
Ans. The debt to equity ratio of the Bajaj Finance stock is 4.08 and its return on equity is 17.61%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is Bajaj Finance expensive compared with the industry?
Ans. Bajaj Finance trades at a P/E of 30.05 against an industry P/E of 17.80. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which NBFC stock gave the highest return in 3 years?
Ans. Among the companies compared here, Shriram Finance delivered the highest three-year CAGR at 35.4%, followed by Cholamandalam Investment and Finance at 15.8%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.