Bajaj Auto Ltd

Bajaj Auto Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Bajaj Auto Ltd

₹ 10,712 1.00%
08 May - close price
bajajauto.com BSE: 532977 NSE: BAJAJ-AUTO
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

Market Leadership
The company is the 2nd-largest player in the domestic motorcycle segment in terms of volume. It is the largest 3W producer in the world and the largest exporter of 2W and 3W from India. [1] [2]

Segment Performance
1) Motorcycles: The company holds a market share of 18.2% in FY24 vs 17.3% in FY23 of motorcycle sales in India. [3]

Website BSE NSE
  • Market Cap ₹ 2,99,384 Cr.
  • Current Price ₹ 10,712
  • High / Low ₹ 10,785 / 7,774
  • Stock P/E 30.4
  • Book Value ₹ 1,251
  • Dividend Yield 1.40 %
  • ROCE 38.6 %
  • ROE 29.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.2%
  • Company has been maintaining a healthy dividend payout of 48.2%

Cons

  • Stock is trading at 8.56 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.

Peer comparison

Consumer Discretionary Automobile and Auto Components Automobiles 2/3 Wheelers

Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
8,905 10,310 10,777 12,114 11,485 11,928 13,127 12,807 12,148 12,584 14,922 15,220 16,006
7,188 8,356 8,644 9,684 9,178 9,513 10,475 10,226 9,697 10,103 11,870 12,060 12,683
Operating Profit 1,717 1,954 2,133 2,430 2,306 2,415 2,652 2,581 2,451 2,482 3,052 3,160 3,323
OPM % 19% 19% 20% 20% 20% 20% 20% 20% 20% 20% 20% 21% 21%
260 346 361 346 349 321 173 335 381 431 369 281 459
Interest 16 12 7 12 23 21 16 14 17 14 14 3 5
Depreciation 74 84 88 88 91 94 96 100 111 111 112 112 114
Profit before tax 1,886 2,205 2,400 2,676 2,542 2,622 2,714 2,801 2,703 2,788 3,295 3,327 3,663
Tax % 24% 24% 24% 24% 24% 24% 26% 25% 24% 25% 25% 25% 25%
1,433 1,665 1,836 2,042 1,936 1,988 2,005 2,109 2,049 2,096 2,480 2,503 2,746
EPS in Rs 50.64 58.83 64.89 72.11 69.35 71.22 71.80 75.51 73.38 75.06 88.80 89.55 98.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
21,593 22,574 21,755 25,210 30,358 29,919 27,741 33,145 36,428 44,685 50,010 58,732
17,461 17,780 17,323 20,362 25,157 24,809 22,800 27,877 29,864 35,883 39,914 46,716
Operating Profit 4,132 4,794 4,432 4,848 5,201 5,110 4,942 5,268 6,563 8,802 10,096 12,017
OPM % 19% 21% 20% 19% 17% 17% 18% 16% 18% 20% 20% 20%
227 1,062 1,213 1,251 1,772 1,720 1,263 1,516 1,167 1,423 1,424 1,539
Interest 6 1 1 1 4 3 7 9 39 54 68 36
Depreciation 267 307 307 315 266 246 259 269 282 350 400 448
Profit before tax 4,085 5,547 5,336 5,783 6,703 6,580 5,939 6,505 7,409 9,822 11,052 13,072
Tax % 31% 29% 28% 30% 30% 22% 23% 23% 24% 24% 26% 25%
2,814 3,930 3,828 4,068 4,675 5,100 4,555 5,019 5,628 7,479 8,151 9,825
EPS in Rs 97.24 135.80 132.27 140.59 161.57 176.25 157.40 173.44 198.89 267.88 291.90 351.51
Dividend Payout % 51% 40% 42% 43% 37% 68% 89% 81% 70% 30% 72% 43%
Compounded Sales Growth
10 Years: 10%
5 Years: 16%
3 Years: 17%
TTM: 17%
Compounded Profit Growth
10 Years: 10%
5 Years: 17%
3 Years: 21%
TTM: 21%
Stock Price CAGR
10 Years: 16%
5 Years: 23%
3 Years: 33%
1 Year: 39%
Return on Equity
10 Years: 24%
5 Years: 26%
3 Years: 29%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 289 289 289 289 289 289 289 289 283 279 279 280
Reserves 10,403 12,977 16,745 18,814 21,491 19,636 24,913 26,379 25,143 24,581 31,868 34,695
112 118 120 121 125 126 121 123 124 960 928 73
4,758 3,102 3,661 4,595 5,476 4,722 6,206 5,130 5,578 8,438 9,354 10,838
Total Liabilities 15,562 16,486 20,815 23,819 27,380 24,773 31,530 31,922 31,128 34,259 42,429 45,886
1,917 2,026 2,002 1,878 1,764 1,699 1,665 1,834 2,716 3,199 3,551 3,588
CWIP 255 52 42 56 48 60 16 77 82 27 28 43
Investments 9,153 10,321 14,731 17,588 19,159 18,196 22,631 23,819 22,923 23,451 28,570 30,113
4,237 4,088 4,039 4,296 6,409 4,818 7,218 6,192 5,406 7,582 10,280 12,142
Total Assets 15,562 16,486 20,815 23,819 27,380 24,773 31,530 31,922 31,128 34,259 42,429 45,886

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,147 3,657 3,339 4,261 2,490 3,862 3,114 4,208 5,512 7,478 7,267 8,961
-414 -30 -3,687 -1,894 -271 1,757 -2,867 -92 1,322 -139 -3,648 -1,936
-1,644 -3,384 -190 -1,885 -2,074 -6,247 -20 -4,056 -7,179 -7,110 -3,254 -6,617
Net Cash Flow 89 242 -538 481 144 -628 228 59 -345 229 365 408
Free Cash Flow 1,852 3,391 3,142 4,078 2,381 3,582 2,863 3,690 4,670 6,679 6,545 8,470
CFO/OP 83% 114% 109% 123% 86% 108% 90% 112% 113% 112% 99% 100%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 12 12 16 22 31 21 36 17 18 17 17 17
Inventory Days 20 17 18 16 16 18 28 18 20 20 20 21
Days Payable 43 49 56 68 63 56 85 55 57 64 65 65
Cash Conversion Cycle -11 -20 -22 -31 -17 -16 -22 -19 -20 -27 -28 -27
Working Capital Days -23 -4 -3 -21 -4 -9 -0 -3 -10 -31 -18 35
ROCE % 42% 46% 35% 32% 31% 31% 26% 24% 28% 38% 38% 39%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Motorcycle Sales Volume
Units

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Total Three-Wheeler (Commercial Vehicle) Sales Volume
Units
Domestic ICE Three-Wheeler Market Share
%
Total Installed Production Capacity
Units per Annum
Domestic Motorcycle Market Share
%
Electric Two-Wheeler (Chetak) Sales Volume
Units
Chetak EV Exclusive Stores
Numbers
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
54.99% 54.99% 54.95% 55.06% 55.06% 55.04% 55.04% 55.03% 55.04% 55.04% 54.99% 55.01%
13.67% 14.37% 14.64% 14.53% 14.19% 14.32% 12.45% 11.61% 10.30% 9.66% 8.84% 8.82%
9.56% 9.03% 8.66% 8.47% 8.73% 8.67% 9.98% 10.92% 12.01% 12.78% 14.07% 14.35%
0.07% 0.07% 0.07% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.00% 0.00% 0.12%
21.72% 21.54% 21.67% 21.88% 21.92% 21.89% 22.44% 22.32% 22.53% 22.51% 22.01% 21.62%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.03% 0.01% 0.09% 0.08%
No. of Shareholders 2,02,9281,96,5432,00,7952,97,6052,74,9562,69,6983,47,6553,44,3143,58,8063,57,6663,33,7923,14,095

* 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.

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