Bajaj Housing Finance (BAJAJHFL) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Bajaj Housing Finance stock ₹39.96, price ₹81.16, that is 50.8% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
26‑month range ₹73.09 – ₹181.50 · fair‑value band ₹22.82 – ₹49.95 · the ₹81.16 price screens above the ₹39.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Bajaj Housing Finance Limited provides housing finance services in India. It offers finance to individuals and corporate entities for the purchase and renovation of homes or commercial spaces.
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The company also provides loans against property for business or personal needs, as well as working capital for business expansion purposes.
In addition, it offers finance to developers engaged in the construction of residential and commercial properties, as well as lease rental discounting to developers and high-net-worth individuals; real estate investment trusts REITs, and sovereign wealth funds and corporations.
Bajaj Housing Finance Limited was formerly known as Bajaj Financial Solutions Limited and changed its name to Bajaj Housing Finance Limited in November 2014. The company was incorporated in 2008 and is headquartered in Pune, India.
Bajaj Housing Finance Limited operates as a subsidiary of Bajaj Finance Limited.
Stock analysis
Bajaj Housing Finance (BAJAJHFL) currently trades at ₹81.16, while our model-based Fair Value estimate is ₹39.96, 51% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹117.51 per share, and 2 of the 6 models we run sit above the ₹81.16 price.
Bear case: the Asset-Based group reads lowest at ₹18.08, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹22.82 (bear) to ₹49.95 (bull), the price of ₹81.16 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Bajaj Housing Finance reported revenue of ₹112B in FY2026 versus ₹36.9B in FY2022, a compound +31.9%/yr. Reported net income was ₹25.6B in FY2026, compounding +37.8%/yr from FY2022.
Key figures
Market cap ₹677B (≈ $7.2B) Mid · P/E ratio 24.1 · P/S ratio 15.3 · EPS (TTM) ₹3.37 · Net margin 63.3% · Return on equity 12.4% · Return on assets (EBIT) 2.5% (5-year average) · Operating margin 81.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 15% fair-value upside, at −51%, BAJAJHFL screens richer than that median.
Fair Value models
Bear₹22.82Fair Value ₹39.96Bull₹49.95
Price ₹81.16 · Downside -50.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹2.06 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+21.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.7%
Start year 2021 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+143.5%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+27.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.27.0% vs 64.5%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.84% → 32%
AI conclusion: Robust loan growth that beat guidance with steady asset quality forms the main strength, while stretched valuation amid mortgage competition and the shift to affordable housing is the key weakness.
Main risk: Specialized affordable housing finance companies such as Aavas Financiers, Home First and Aptus could capture customers or force lower prices in the near-prime and affordable segments that Bajaj Housing Finance is scaling, squeezing its net interest margins.
Bull case: Bajaj Housing Finance could leverage its scale, group backing and KI-driven efficiency to match or exceed affordable-segment margins while retaining prime customers through superior service and faster processing.
Bear case: If affordable rivals and digital platforms continue gaining share with higher margins, Bajaj Housing Finance might face sustained margin pressure and slower profitable growth in its expansion areas.
Bajaj Housing Finance reported robust loan growth that beat its guidance in the recent quarter, with asset quality holding steady. Our models see the valuation as stretched given mortgage competition and the shift toward newer segments like affordable housing. Will scaling those areas boost long-term profitability or create unexpected credit and margin challenges?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Mortgage Finance · 49 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−50.8% · Bottom 25%
Profitability
Return on equity (12 months)12.4% · Above median
Return on assets2.0% · Above median
Net margin (12 months)63.3% · Top 25%
Operating margin (12 months)81.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)17.6% · Above median
Balance sheet
Debt / equity4.60× · Highest 25%
Valuation Multiplesvs Mortgage Finance median · lower = cheaper
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Is Bajaj Housing Finance (BAJAJHFL) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ₹39.96 versus a price of ₹81.16, about 51% lower (overvalued).
What is the fair value of BAJAJHFL?
Our model-based fair value for Bajaj Housing Finance is ₹39.96 (as of Nov 6, 2026), built from audited fundamentals. The current price: ₹81.16.
What is the quality score of BAJAJHFL?
Bajaj Housing Finance has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bajaj Housing Finance (BAJAJHFL)?
Our model-based price target is the fair value of ₹39.96 (as of Nov 6, 2026) from 9 valuation models. Cautious scenario ₹22.82, optimistic scenario ₹49.95. It is a calculation from audited fundamentals, not an analyst target.
What is the Bajaj Housing Finance stock forecast for 2026?
Our models put fair value at ₹39.96, about 51% lower versus a price of ₹81.16 (overvalued). Cautious scenario ₹22.82, optimistic scenario ₹49.95. The calculation is refreshed regularly with new filings.
What is the revenue of Bajaj Housing Finance (BAJAJHFL)?
Bajaj Housing Finance reported trailing-twelve-month revenue of about ₹44.4B (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Bajaj Housing Finance (BAJAJHFL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bajaj Housing Finance it is ₹39.96 per share (as of Nov 6, 2026), against a price of ₹81.16. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Bajaj Housing Finance stock overvalued or undervalued in 2026?
As of Nov 6, 2026, BAJAJHFL trades above its calculated fair value: price ₹81.16, fair value ₹39.96, a gap of about −51% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BAJAJHFL?
No. The price is what the market pays today (₹81.16); the fair value is what the company's own numbers justify (₹39.96). For Bajaj Housing Finance the two are ₹41.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bajaj Housing Finance worth?
The market values Bajaj Housing Finance at about ₹677B (market capitalisation, as of Nov 6, 2026). Per share that is ₹81.16; our models calculate a fair value of ₹39.96 per share.
What do the bullish and bearish scenarios say about BAJAJHFL?
Our models span a range for Bajaj Housing Finance: cautious scenario ₹22.82, base ₹39.96, optimistic ₹49.95 per share (as of Nov 6, 2026, price ₹81.16). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BAJAJHFL?
Bajaj Housing Finance trades at a price-to-earnings ratio of 24.1 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹39.96 is built from several models across several years. Other multiples: P/B 3.0, P/S 15.3, EV/EBITDA 18.8.
How solid is the balance sheet of Bajaj Housing Finance (BAJAJHFL)?
Balance-sheet figures for Bajaj Housing Finance (as of Nov 6, 2026): return on equity 12.4%, debt of 4.60 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is BAJAJHFL from its 52-week high?
Bajaj Housing Finance trades at ₹81.16, about 25% below its 52-week high of ₹108.26 and 11% above the low of ₹73.09 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹39.96 is for.
Which stocks are comparable to Bajaj Housing Finance?
From the same area (Financial Services) we also value Rocket Companies, Inc, PennyMac Financial Services, Inc, LIC Housing Finance Limited, PNB Housing Finance Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bajaj Housing Finance stock attractive at the current price?
The data as of Nov 6, 2026: price ₹81.16, calculated fair value ₹39.96 (−51%), Quality Score 54/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BAJAJHFL calculated?
We run Bajaj Housing Finance through 9 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹39.96 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Bajaj Housing Finance itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bajaj Housing Finance (BAJAJHFL)?
The closing price on Nov 9, 2026 was ₹81.16. Our model-based fair value is ₹39.96, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bajaj Housing Finance right now?
The price sits above even our optimistic bull case (₹49.95). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹22.82 to ₹49.95) leaves room in how you read the outcome.
Key figures of Bajaj Housing Finance
How large is the market capitalisation of Bajaj Housing Finance (BAJAJHFL)?
The market capitalisation of Bajaj Housing Finance is ₹677B (≈ $7.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bajaj Housing Finance (BAJAJHFL)?
The price-to-sales ratio of Bajaj Housing Finance is 15.3 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bajaj Housing Finance (BAJAJHFL)?
Earnings per share at Bajaj Housing Finance are ₹3.37 (price ÷ EPS = P/E 24.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bajaj Housing Finance (BAJAJHFL)?
The net margin of Bajaj Housing Finance is 63.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bajaj Housing Finance (BAJAJHFL)?
The return on equity (ROE) of Bajaj Housing Finance is 12.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bajaj Housing Finance (BAJAJHFL)?
On an EBIT basis the return on assets of Bajaj Housing Finance is 2.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bajaj Housing Finance (BAJAJHFL)?
The operating margin of Bajaj Housing Finance is 81.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bajaj Housing Finance (BAJAJHFL)?
Revenue at Bajaj Housing Finance is growing +17.6% versus a year earlier (3y avg +26.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bajaj Housing Finance (BAJAJHFL)?
Earnings per share at Bajaj Housing Finance are growing +18.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bajaj Housing Finance (BAJAJHFL) generate?
The free cash flow of Bajaj Housing Finance is ₹43.0B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bajaj Housing Finance (BAJAJHFL) carry?
The net debt of Bajaj Housing Finance is ₹1.0T (fiscal year 2026, ≈ 24.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 6, 2026