BAJFINANCE · Consumer Financial Services · INE296A01032
Analyst mean 2.15 · 34 analysts · 43% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is just -319% of trailing profit — the classic pattern where reported earnings are not backed by cash. This is the single most important thing to understand on this page.
Operating cash flow ₹-65,790 cr against trailing net profit ₹20,648 cr. When profit rises but cash does not follow, the questions are: are receivables ballooning, is revenue being recognised ahead of collection, or are costs being capitalised?
Both revenue and profit grew over the last year (17.8% and 17.1%) — growth is translating to the bottom line.
Trailing revenue ₹85,963 cr, trailing profit ₹20,648 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.
Free cash flow is negative — the business consumes more than it generates once capex is paid. Fine if it is deliberate growth investment; a problem if it is structural.
Latest free cash flow ₹-66,686 cr, negative in 12 of 12 years. Check whether the burn funds expansion (dark stores, plants, ports) or merely sustains operations.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17,091 | 18,035 | 18,294 | 19,524 | 20,179 | 21,013 | 21,606 | 23,165 |
| Expenses | 5,338 | 5,691 | 5,865 | 5,992 | 6,307 | 7,737 | 6,553 | 6,793 |
| Other Income | 7 | 26 | 21 | 5 | 5 | -262 | 11 | 6 |
| Depreciation | 210 | 219 | 252 | 251 | 258 | 244 | 256 | 288 |
| Profit before tax | 5,401 | 5,765 | 5,647 | 6,368 | 6,608 | 5,431 | 7,410 | 8,149 |
| Net Profit | 4,014 | 4,308 | 4,546 | 4,765 | 4,948 | 4,066 | 5,553 | 6,081 |
| EPS | 6.46 | 6.86 | 7.21 | 7.56 | 7.84 | 6.39 | 8.78 | 9.61 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 120 | 121 | 121 | 124 | 124 | 622 |
| Reserves | 36,798 | 43,592 | 54,251 | 76,572 | 96,569 | 113,377 |
| Borrowings | — | — | — | — | — | — |
| Fixed Assets | 1,316 | 1,716 | 2,308 | 3,250 | 3,780 | 3,947 |
| CWIP | 51 | 34 | 80 | 43 | 41 | 119 |
| Investments | 18,397 | 12,246 | 22,752 | 30,881 | 34,441 | 30,578 |
| Total Assets | 171,470 | 212,505 | 275,226 | 375,742 | 466,127 | 559,952 |