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 27.8
  • Book Value ₹ 1,389
  • Dividend Yield 1.40 %
  • ROCE 28.2 %
  • ROE 29.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%
  • Company has been maintaining a healthy dividend payout of 49.4%

Cons

  • Stock is trading at 7.71 times its book value
  • Working capital days have increased from 10.4 days to 67.6 days

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
8,929 10,312 10,838 12,165 11,555 11,932 13,247 13,169 12,646 13,133 15,735 16,204 17,832
7,272 8,380 8,708 9,750 9,271 9,562 11,174 10,418 10,289 10,340 12,906 12,475 14,757
Operating Profit 1,657 1,932 2,130 2,415 2,284 2,370 2,073 2,751 2,358 2,793 2,829 3,730 3,075
OPM % 19% 19% 20% 20% 20% 20% 16% 21% 19% 21% 18% 23% 17%
595 351 552 356 444 335 399 348 392 509 576 359 1,894
Interest 16 12 7 12 30 47 75 120 147 224 287 314 344
Depreciation 76 87 92 93 93 95 98 102 119 118 119 119 289
Profit before tax 2,160 2,184 2,584 2,666 2,606 2,564 2,299 2,876 2,484 2,961 2,999 3,656 4,336
Tax % 21% 25% 22% 24% 23% 24% 40% 24% 27% 25% 29% 25% 19%
1,705 1,644 2,020 2,033 2,011 1,942 1,385 2,196 1,802 2,210 2,122 2,750 3,492
EPS in Rs 60.25 58.11 71.39 71.78 72.05 69.55 49.61 78.62 64.52 79.15 75.99 98.38 131.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
21,595 22,574 21,755 25,210 30,358 29,919 27,741 33,145 36,455 44,870 50,995 62,905
17,467 17,781 17,326 20,364 25,160 24,809 22,803 27,886 29,991 36,106 41,440 49,844
Operating Profit 4,128 4,793 4,429 4,846 5,198 5,109 4,938 5,259 6,465 8,765 9,555 13,061
OPM % 19% 21% 20% 19% 17% 17% 18% 16% 18% 20% 19% 21%
228 1,194 1,468 1,404 2,028 1,832 1,570 2,671 1,703 1,700 1,472 2,704
Interest 6 1 1 1 4 3 7 9 40 60 389 1,169
Depreciation 267 307 307 315 266 246 259 270 286 365 414 645
Profit before tax 4,083 5,679 5,588 5,933 6,956 6,692 6,241 7,652 7,842 10,040 10,224 13,952
Tax % 31% 28% 27% 29% 29% 22% 22% 19% 23% 23% 28% 24%
3,026 4,061 4,079 4,219 4,928 5,212 4,857 6,166 6,060 7,708 7,325 10,574
EPS in Rs 104.56 140.35 140.98 145.80 170.29 180.11 167.85 213.08 214.17 276.10 262.29 384.41
Dividend Payout % 48% 39% 39% 41% 35% 67% 83% 66% 65% 29% 80% 39%
Compounded Sales Growth
10 Years: 11%
5 Years: 18%
3 Years: 20%
TTM: 23%
Compounded Profit Growth
10 Years: 10%
5 Years: 17%
3 Years: 21%
TTM: 48%
Stock Price CAGR
10 Years: 16%
5 Years: 23%
3 Years: 33%
1 Year: 39%
Return on Equity
10 Years: 23%
5 Years: 24%
3 Years: 26%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 10,806 13,731 17,567 20,136 22,944 21,373 26,984 29,570 29,079 28,683 34,909 38,552
112 118 120 121 125 126 121 123 124 1,912 9,364 22,713
4,758 3,102 3,661 4,595 5,476 4,722 6,207 5,129 5,651 8,470 9,557 15,678
Total Liabilities 15,966 17,240 21,638 25,141 28,834 26,510 33,602 35,111 35,136 39,344 54,110 77,223
2,448 2,026 2,002 1,878 1,764 1,699 1,668 1,836 2,842 3,217 3,677 13,362
CWIP 255 52 42 56 48 60 16 77 85 35 61 120
Investments 8,985 11,067 15,477 18,895 20,603 19,914 24,687 26,634 26,183 28,087 28,914 24,642
4,277 4,095 4,117 4,312 6,420 4,837 7,232 6,564 6,026 8,005 21,459 39,099
Total Assets 15,966 17,240 21,638 25,141 28,834 26,510 33,602 35,111 35,136 39,344 54,110 77,223

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,114 3,690 3,267 4,328 2,487 3,850 3,120 4,197 5,277 6,558 -1,406 2,597
-380 -68 -3,610 -1,954 -273 1,766 -2,869 276 1,211 -72 -1,053 -7,034
-1,644 -3,384 -190 -1,885 -2,074 -6,247 -20 -4,056 -7,181 -6,167 4,230 5,079
Net Cash Flow 90 238 -532 488 140 -630 231 417 -692 319 1,771 642
Free Cash Flow 1,819 3,419 3,070 4,145 2,379 3,570 2,866 3,680 4,304 5,847 -2,273 1,885
CFO/OP 82% 115% 108% 124% 86% 108% 90% 112% 111% 102% 14% 46%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 15 20
Inventory Days 20 17 18 16 16 18 28 18 22 19 22 54
Days Payable 43 49 56 68 63 56 85 54 58 64 66 76
Cash Conversion Cycle -11 -20 -22 -31 -17 -16 -22 -19 -18 -28 -29 -1
Working Capital Days -22 -4 -2 -21 -4 -9 -0 -3 -9 -30 -6 68
ROCE % 40% 45% 35% 31% 30% 30% 25% 23% 27% 34% 28% 28%

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

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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