Bajaj Finance vs Muthoot Finance: share price, P/E, ROE and financials compared
Bajaj Finance
Muthoot Finance
Bajaj Finance and Muthoot Finance at a glance
Bajaj Finance and Muthoot Finance are both listed in Financial Services. Bajaj Finance is the larger by market cap, at ₹6.8L Cr against ₹1.2L Cr for Muthoot Finance (5.9 times as large). On valuation, Muthoot Finance has the lower P/E (9.4× against 31.3×) and the lower price-to-book (2.62× against 5.49×). On returns and margins, Muthoot Finance has the higher ROE (31.6% against 19.0%). Over three years, Muthoot Finance has faster 3-year profit growth (+43.1% against +18.2% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | Bajaj FinanceBAJFINANCE | Muthoot FinanceMUTHOOTFIN |
|---|---|---|
| Price (₹) | 1,087.75 | 2,869.00 |
| Market cap (₹ Cr) | 6,77,005 | 1,15,181 |
| P/E | 31.3× | 9.4× (the lower figure, shaded) |
| P/B | 5.49× | 2.62× (the lower figure, shaded) |
| Dividend yield, trailing | 0.55% | 1.05% (the higher figure, shaded) |
| ROE | 19.0% | 31.6% (the higher figure, shaded) |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 43.8% | 54.1% (the higher figure, shaded) |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +18.2% | +43.1% (the higher figure, shaded) |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | 21,694 | 11,373 |
| 1Y return | +1.2% (the higher figure, shaded) | −11.0% |
| Promoter holding | 54.67% | 73.35% |
Bajaj Finance vs Muthoot Finance: common questions
Which is bigger, Bajaj Finance or Muthoot Finance?
By market cap, Bajaj Finance is bigger at ₹6.8L Cr, against ₹1.2L Cr for Muthoot Finance (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹21,694 Cr for Bajaj Finance and ₹11,373 Cr for Muthoot Finance.
Which has a lower P/E ratio, Bajaj Finance or Muthoot Finance?
Bajaj Finance trades at a P/E of 31.3× and Muthoot Finance at 9.4×. Muthoot Finance has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Bajaj Finance or Muthoot Finance?
Bajaj Finance reports a return on equity of 19.0% and Muthoot Finance 31.6%. Muthoot Finance has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Bajaj Finance or Muthoot Finance?
Over the last three years: profit grew +18.2% a year at Bajaj Finance and +43.1% at Muthoot Finance, so Muthoot Finance grew profit faster. Past growth doesn’t predict future growth.