Bajaj Finance vs Shriram Finance: Which Stock Should You Track
- August 6, 2026
- Posted by: Ankit Jaiswal
- Category: News
Bajaj Finance MCap Rs 7,17,853 Cr, PE 34.77x, ROE 16.68%, D/E 3.82. Shriram Finance MCap Rs 2,54,189 Cr, PE 22.46x, ROE 15.21%, D/E 3.80.
Bajaj Finance vs Shriram Finance is a comparison large NBFC investors look up when evaluating India’s two most widely tracked non-banking financial companies. Bajaj Finance is a Pune-headquartered diversified consumer NBFC offering personal loans, two-wheeler, consumer durables and small business finance, while Shriram Finance is a Chennai-headquartered commercial vehicle and small business lender with a large two-wheeler and SME book.
This Bajaj Finance vs Shriram Finance article covers reach and market position, key products, latest declared results and stock valuation. The Bajaj Finance vs Shriram Finance data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
Bajaj Finance vs Shriram Finance: Reach and Market Position
On the Bajaj Finance side of the Bajaj Finance vs Shriram Finance comparison, Bajaj Finance serves over 8 crore customers through a distribution network of 5,000-plus locations and digital channels, with products spanning consumer durables EMI, personal loans, home loans and SME finance. Market capitalisation is Rs 7,17,853 Cr.
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On the Shriram Finance side of the Bajaj Finance vs Shriram Finance comparison, Shriram Finance serves commercial vehicle buyers, small businesses and two-wheeler owners across India through 3,000-plus branches, with a concentration in South India. Market capitalisation is Rs 2,54,189 Cr.
Bajaj Finance vs Shriram Finance: Key Products and Business Mix
In the Bajaj Finance vs Shriram Finance product comparison, Bajaj Finance offers: Bajaj Finance offers consumer durables loans, personal loans, home loans, B2B loans, two-wheeler finance and digital lending through BFL App. P/E is 34.77x, ROE 16.68 percent, debt to equity 3.82.
For Shriram Finance in this Bajaj Finance vs Shriram Finance breakdown: Shriram Finance offers commercial vehicle loans, small business loans, two-wheeler loans, personal loans and fixed deposits through its branch network. P/E is 22.46x, ROE 15.21 percent, debt to equity 3.80.
Bajaj Finance vs Shriram Finance: Latest Results
The Bajaj Finance vs Shriram Finance results for Bajaj Finance: Bajaj Finance has a market cap of Rs 7,17,853 Cr and P/E of 34.77x. ROE is 16.68 percent. Bajaj Finance is India’s largest NBFC by market cap, nearly 3 times Shriram Finance.
The Bajaj Finance vs Shriram Finance results for Shriram Finance: Shriram Finance has a market cap of Rs 2,54,189 Cr and P/E of 22.46x, significantly cheaper than Bajaj Finance. ROE is 15.21 percent. EPS is Rs 48.10.
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Bajaj Finance vs Shriram Finance: Stock and Valuation
The Bajaj Finance vs Shriram Finance stock comparison uses the latest available market data from Groww. Investors tracking Bajaj Finance vs Shriram Finance should verify current prices on NSE or BSE before trading.
Bajaj Finance trades at a market cap of Rs 7,17,853 Cr and P/E of 34.77x with ROE of 16.68 percent. Shriram Finance trades at Rs 2,54,189 Cr market cap and P/E of 22.46x — over 35 percent cheaper — with a ROE of 15.21 percent. Both carry similar D/E of about 3.8 and similar funding structures.
Bajaj Finance vs Shriram Finance: Quick Comparison Table
The Bajaj Finance vs Shriram Finance comparison table below summarises the key metrics covered in this article side by side.
| Parameter | Bajaj Finance | Shriram Finance |
|---|---|---|
| Sector | Consumer and SME NBFC | Commercial vehicle and SME NBFC |
| Market Cap | Rs 7,17,853 Cr | Rs 2,54,189 Cr |
| P/E Ratio | 34.77x | 22.46x |
| ROE | 16.68% | 15.21% |
| Debt to Equity | 3.82 | 3.80 |
| Customer base | 8 crore-plus customers | South India commercial vehicle and SME focus |
| Key products | Consumer durables, personal loans, home, SME | Commercial vehicle, two-wheeler, SME, FD deposits |
Conclusion
The Bajaj Finance vs Shriram Finance comparison above covers the key data points on reach, products, results and valuation. Bajaj Finance vs Shriram Finance are India’s two largest listed NBFCs. Bajaj Finance commands a significant premium for its scale, digital platform and diversified consumer lending. Shriram Finance is cheaper with deep commercial vehicle lending expertise. Both carry similar debt levels. Investors should review AUM growth, credit costs and NIM trends and consult a SEBI-registered advisor before investing.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. 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 main difference between Bajaj Finance and Shriram Finance?
Ans. Bajaj Finance is a diversified consumer NBFC serving retail customers with EMI, personal, home and SME loans through digital and retail channels. Shriram Finance is a commercial vehicle and SME lender with a concentration in South India.
Which stock trades at a lower P/E?
Ans. Shriram Finance trades at 22.46x trailing earnings, significantly cheaper than Bajaj Finance at 34.77x.
Which company has the higher ROE?
Ans. Bajaj Finance has an ROE of 16.68 percent, slightly higher than Shriram Finance at 15.21 percent.
Do both NBFCs carry similar debt?
Ans. Yes. Both carry similar debt to equity of approximately 3.8, typical for lending-focused NBFCs.
Is Bajaj Finance India’s largest NBFC?
Ans. Yes. Bajaj Finance is India’s largest NBFC by market capitalisation at approximately Rs 7,17,853 Cr.
What risks apply to large NBFCs?
Ans. Both face risk from rising funding costs, competition from banks in their lending segments, asset quality cycles and regulatory changes from RBI for NBFC norms.
Should I invest in Bajaj Finance or Shriram Finance?
Ans. Bajaj Finance commands a premium for scale and diversification. Shriram Finance is cheaper with a focused commercial vehicle expertise. Consult a SEBI-registered advisor before investing.
