Bajaj Auto Ltd

Bajaj Auto Ltd

₹ 8,990 -0.10%
28 May - close price
About

Bajaj Auto, the flagship company of Bajaj Group, is a two-wheeler and three-wheeler manufacturing company that exports to 79 countries across several countries in Latin America, Southeast Asia, and many more. Its headquarter is in Pune, India.
It has acquired 48% of the KTM Brand which manufactures sports and super sports two-wheelers, which was 14% in 2007 when the company first acquired KTM. [1]

Key Points

Brand Reputation
It is the world's fourth-largest manufacturer of motorcycles. It is also the largest manufacturer and seller of 3-wheelers globally. [1] [2]

Segment Performance
Mileage Segment (100cc to 125cc)- This segment consists of products like Bajaj CT, the Platina, and the Pulsar 125. It accounts for by far the highest unit-wise sale of motorcycles in India. In FY22, the market share in this segment improved from 15.2% in FY21 to 17%. [3]

  • Market Cap 2,50,976 Cr.
  • Current Price 8,990
  • High / Low 9,358 / 4,511
  • Stock P/E 33.6
  • Book Value 890
  • Dividend Yield 0.89 %
  • ROCE 38.4 %
  • ROE 29.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 60.3%

Cons

  • Stock is trading at 10.1 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
8,596 7,386 8,762 9,022 7,975 8,005 10,203 9,315 8,905 10,310 10,777 12,114 11,485
7,072 6,266 7,361 7,650 6,609 6,708 8,444 7,538 7,188 8,356 8,644 9,684 9,178
Operating Profit 1,524 1,120 1,401 1,372 1,366 1,297 1,759 1,777 1,717 1,954 2,133 2,430 2,306
OPM % 18% 15% 16% 15% 17% 16% 17% 19% 19% 19% 20% 20% 20%
284 329 318 273 604 319 333 269 260 346 361 346 349
Interest 2 2 2 2 3 4 11 8 16 12 7 12 23
Depreciation 66 64 66 70 70 67 67 74 74 84 88 88 91
Profit before tax 1,739 1,383 1,652 1,573 1,897 1,545 2,014 1,964 1,886 2,205 2,400 2,676 2,542
Tax % 23% 23% 23% 23% 23% 24% 24% 24% 24% 24% 24% 24% 24%
1,332 1,061 1,275 1,214 1,469 1,173 1,530 1,491 1,433 1,665 1,836 2,042 1,936
EPS in Rs 46.03 36.67 44.05 41.96 50.76 40.55 52.87 52.71 50.64 58.83 64.89 72.11 69.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
19,980 20,088 21,593 22,574 21,755 25,210 30,358 29,919 27,741 33,145 36,428 44,685
16,335 15,974 17,461 17,780 17,323 20,362 25,157 24,809 22,800 27,877 29,864 35,862
Operating Profit 3,645 4,113 4,132 4,794 4,432 4,848 5,201 5,110 4,942 5,268 6,563 8,823
OPM % 18% 20% 19% 21% 20% 19% 17% 17% 18% 16% 18% 20%
788 699 227 1,062 1,213 1,251 1,772 1,720 1,263 1,516 1,167 1,402
Interest 1 0 6 1 1 1 4 3 7 9 39 54
Depreciation 167 180 267 307 307 315 266 246 259 269 282 350
Profit before tax 4,266 4,632 4,085 5,547 5,336 5,783 6,703 6,580 5,939 6,505 7,409 9,822
Tax % 29% 30% 31% 29% 28% 30% 30% 22% 23% 23% 24% 24%
3,044 3,243 2,814 3,930 3,828 4,068 4,675 5,100 4,555 5,019 5,628 7,479
EPS in Rs 105.18 112.08 97.24 135.80 132.27 140.59 161.57 176.25 157.40 173.44 198.89 267.88
Dividend Payout % 43% 45% 51% 40% 42% 43% 37% 68% 89% 81% 70% 30%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 17%
TTM: 23%
Compounded Profit Growth
10 Years: 9%
5 Years: 11%
3 Years: 18%
TTM: 35%
Stock Price CAGR
10 Years: 17%
5 Years: 25%
3 Years: 29%
1 Year: 95%
Return on Equity
10 Years: 24%
5 Years: 23%
3 Years: 23%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 289 289 289 289 289 289 289 289 289 289 283 279
Reserves 7,613 9,319 10,403 12,977 16,745 18,814 21,491 19,636 24,913 26,379 25,143 24,581
88 59 112 118 120 121 125 126 121 123 124 960
4,488 5,080 4,758 3,102 3,661 4,595 5,476 4,722 6,206 5,130 5,578 8,430
Total Liabilities 12,479 14,748 15,562 16,486 20,815 23,819 27,380 24,773 31,530 31,922 31,128 34,251
1,804 2,006 1,917 2,026 2,002 1,878 1,764 1,699 1,665 1,834 2,716 3,202
CWIP 294 144 255 52 42 56 48 60 16 77 82 24
Investments 6,430 8,550 9,153 10,321 14,731 17,588 19,159 18,196 22,631 23,819 22,923 24,492
3,950 4,048 4,237 4,088 4,039 4,296 6,409 4,818 7,218 6,192 5,406 6,532
Total Assets 12,479 14,748 15,562 16,486 20,815 23,819 27,380 24,773 31,530 31,922 31,128 34,251

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,134 3,546 2,147 3,657 3,339 4,261 2,490 3,862 3,114 4,208 5,512 7,478
-1,278 -2,141 -414 -30 -3,687 -1,894 -271 1,757 -2,867 -92 1,322 -139
-1,479 -1,468 -1,644 -3,384 -190 -1,885 -2,074 -6,247 -20 -4,056 -7,179 -7,110
Net Cash Flow -622 -64 89 242 -538 481 144 -628 228 59 -345 229

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 14 14 12 12 16 22 31 21 36 17 18 17
Inventory Days 16 17 20 17 18 16 16 18 28 18 20 20
Days Payable 50 56 43 49 56 68 63 56 85 55 57 65
Cash Conversion Cycle -20 -24 -11 -20 -22 -31 -17 -16 -22 -19 -20 -28
Working Capital Days -22 -34 -23 -4 -3 -21 -4 -9 -0 -3 -10 16
ROCE % 60% 52% 42% 46% 35% 32% 31% 31% 26% 24% 28%

Shareholding Pattern

Numbers in percentages

43 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.70% 53.70% 53.73% 53.77% 53.77% 54.84% 54.99% 54.99% 54.99% 54.99% 54.95% 55.06%
11.82% 11.21% 10.20% 10.49% 11.16% 11.56% 11.82% 12.35% 13.67% 14.37% 14.64% 14.53%
12.71% 12.85% 13.23% 13.17% 12.40% 11.53% 10.91% 10.79% 9.56% 9.03% 8.66% 8.47%
0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.08%
21.77% 22.24% 22.84% 22.57% 22.68% 21.99% 22.20% 21.79% 21.72% 21.54% 21.67% 21.88%
No. of Shareholders 1,54,3092,11,2032,44,0812,33,2252,28,8732,25,5182,26,8362,09,0762,02,9281,96,5432,00,7952,97,605

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls