Bajaj Auto Limited
BAJAJ-AUTOBajaj Auto Limited
BAJAJ-AUTOPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
33.97 | 8.64 | 0.89% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
40.01 | 6.97 | 0.70% |
Forecast & Ratings
Detailed Forecast from 40 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Bajaj Auto Limited is a manufacturer of motorcycles, three-wheelers and parts. The Company's business segments include Automotive, Investments and Others.
Peers
Compare with peersTVS Motor Company Ltd
Hero MotoCorp Ltd
Ola Electric Mobility Ltd
Maharashtra Scooters Ltd
Wardwizard Innovations & Mobility Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 23,792.54 | 23,243.53 | 26,664.80 | 32,393.87 | 31,764.73 | 29,323.86 | 35,824.89 | 38,172.19 | 46,574.04 | 50,434.54 | ||||||||||
Raw Materials | 14,993.41 | 14,667.83 | 17,400.41 | 21,854.10 | 21,071.29 | 19,829.13 | 24,141.86 | 26,221.58 | 31,969.57 | 39,756.80 | ||||||||||
Power & Fuel Cost | 120.66 | 96.46 | 100.26 | 115.01 | 116.57 | 91.34 | 108.01 | 122.60 | 147.94 | |||||||||||
Employee Cost | 883.42 | 997.39 | 1,069.48 | 1,256.89 | 1,390.81 | 1,288.10 | 1,362.79 | 1,484.47 | 1,627.00 | |||||||||||
Selling & Administrative Expenses | 832.25 | 702.17 | 855.93 | 944.35 | 1,025.17 | 662.83 | 648.11 | 856.24 | 1,003.43 | |||||||||||
Operating & Other expenses | 975.70 | 883.44 | 989.20 | 997.77 | 1,219.17 | 945.00 | 1,634.02 | 1,319.96 | 1,360.93 | |||||||||||
EBITDA | 5,987.10 | 5,896.24 | 6,249.52 | 7,225.75 | 6,941.72 | 6,507.46 | 7,930.10 | 8,167.34 | 10,465.17 | 10,677.74 | ||||||||||
Depreciation/Amortization | 307.16 | 307.29 | 314.80 | 265.69 | 246.43 | 259.37 | 269.76 | 285.85 | 364.77 | 379.00 | ||||||||||
PBIT | 5,679.94 | 5,588.95 | 5,934.72 | 6,960.06 | 6,695.29 | 6,248.09 | 7,660.34 | 7,881.49 | 10,100.40 | 10,298.74 | ||||||||||
Interest & Other Items | 1.05 | 1.40 | 1.31 | 4.48 | 3.16 | 6.66 | 8.66 | 39.51 | 60.36 | 163.90 | ||||||||||
PBT | 5,678.89 | 5,587.55 | 5,933.41 | 6,955.58 | 6,692.13 | 6,241.43 | 7,651.68 | 7,841.98 | 10,040.04 | 10,134.84 | ||||||||||
Taxes & Other Items | 1,617.65 | 1,508.06 | 1,714.46 | 2,027.97 | 1,480.22 | 1,384.41 | 1,485.81 | 1,781.77 | 2,331.80 | 2,763.56 | ||||||||||
Net Income | 4,061.24 | 4,079.49 | 4,218.95 | 4,927.61 | 5,211.91 | 4,857.02 | 6,165.87 | 6,060.21 | 7,708.24 | 7,371.28 | ||||||||||
EPS | 140.35 | 140.98 | 145.80 | 170.29 | 180.11 | 167.85 | 213.08 | 211.78 | 274.25 | 264.03 | ||||||||||
DPS | 55.00 | 55.00 | 60.00 | 60.00 | 120.00 | 140.00 | 140.00 | 140.00 | 80.00 | 80.00 | ||||||||||
Payout ratio | 0.39 | 0.39 | 0.41 | 0.35 | 0.67 | 0.83 | 0.66 | 0.66 | 0.29 | 0.30 |
Company Updates
Annual report
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PDFPeers & Comparison
Consumer DiscretionaryTwo Wheelers
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Bajaj Auto Limited | 32.48 | 8.64 | 0.89% |
TVS Motor Company Ltd | 69.90 | 15.69 | 0.32% |
Hero MotoCorp Ltd | 22.66 | 4.76 | 3.30% |
Ola Electric Mobility Ltd | -21.76 | 17.08 | — |
Price Comparison
Compare BAJAJ-AUTO with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Bajaj Auto Limited
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Motilal Oswal Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4059% | Percentage of the fund’s portfolio invested in the stock 4.44% | Change in the portfolio weight of the stock over the last 3 months 4.44% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 9/31 (+16) |
Axis ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.2223% | Percentage of the fund’s portfolio invested in the stock 1.53% | Change in the portfolio weight of the stock over the last 3 months -0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 48/92 (0) |
HDFC Large Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1983% | Percentage of the fund’s portfolio invested in the stock 1.36% | Change in the portfolio weight of the stock over the last 3 months 0.50% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 21/49 (+11) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No Trend In Dividends
BAJAJ-AUTO has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.89%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.92 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 14, 2024
Dividend/Share
₹80.00
Ex DateEx Date
Jun 14, 2024
Cash Dividend
Ex DateEx DateJun 30, 2023
Dividend/Share
₹140.00
Ex DateEx Date
Jun 30, 2023
Cash Dividend
Ex DateEx DateJun 30, 2022
Dividend/Share
₹140.00
Ex DateEx Date
Jun 30, 2022
Cash Dividend
Ex DateEx DateJul 8, 2021
Dividend/Share
₹140.00
Ex DateEx Date
Jul 8, 2021
Cash Dividend
Ex DateEx DateMar 3, 2020
Dividend/Share
₹120.00
Ex DateEx Date
Mar 3, 2020
Two-wheeler exports during the period under review increased by 15% year-over-year (YoY) to 1,43,838 units during the period under review. Accordingly, total two-wheeler sales for December 2024 added up to 2,72,173, down 4% YoY. The company's commercial vehicles division recorded sales of 50,952 units in December 2024, which is higher by 16% as compared with 43,805 units sold in December 2023. While domestic sales rose by 5% YoY to 34,085 units, commercial vehicles exports jumped by 50% YoY to 16,867 units in December 2024. Bajaj Auto's total auto sales aggregated to 3,23,125 units in December 2024, down 1% YoY. Pune-based Bajaj Auto is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers, etc. and parts thereof. The auto major's standalone net profit increased 9.19% to Rs 2,005.04 crore on a 21.80% jump in revenue from operations to Rs 13,127.47 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live
Bajaj Auto will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live
Bajaj Auto reported sales of 3,23,125 units in month of December 2024 compared to 3,26,806 units in December 2023, recording a decline of 1%. The company's domestic sales declined 15% to 1,62,420 units while exports rose 18% to 1,60,705 units during the month. The company's 2-wheeler sales declined 4% to 2,72,173 units while its commercial vehicles sales rose 16% to 50,952 units. Powered by Capital Market - Live
Bajaj Auto Ltd rose for a third straight session today. The stock is quoting at Rs 9008.05, up 1.46% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.42% on the day, quoting at 23849.94921875. The Sensex is at 78785.09, up 0.4%. Bajaj Auto Ltd has dropped around 0.06% in last one month. Meanwhile, Nifty Auto index of which Bajaj Auto Ltd is a constituent, has dropped around 0.16% in last one month and is currently quoting at 22876.1, up 1.3% on the day. The volume in the stock stood at 4.82 lakh shares today, compared to the daily average of 4.74 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 9080, up 1.78% on the day. Bajaj Auto Ltd is up 34.38% in last one year as compared to a 9.51% gain in NIFTY and a 25.88% gain in the Nifty Auto index.The PE of the stock is 30.3 based on TTM earnings ending September 24.Powered by Capital Market - Live
The key equity indices traded with minor gains in a narrow range in early afternoon trade. The Nifty hovered above the 24,150 mark. Realty shares gained after declining in the previous trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex was up 112.15 points or 0.14% to 79,914.94. The Nifty 50 index added 56.65 points or 0.23% to 24,187.75. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.61% and the S&P BSE Small-Cap index rallied 0.70%. The market breadth was strong. On the BSE, 2,372 shares rose and 1,541 shares fell. A total of 195 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 2.74% to 14.89. The Nifty 26 December 2024 futures were trading at 24,300.85, at a premium of 113.1 points as compared with the spot at 24,187.75. The Nifty option chain for the 26 December 2024 expiry showed a maximum Call OI of 46.5 lakh contracts at the 25,000 strike price. Maximum Put OI of 56 lakh contracts was seen at 24,000 strike price. Buzzing Index: The Nifty Realty index rose 1.65% to 1,036.95. The index shed 0.51% in the past trading session. Phoenix Mills (up 3.41%), Macrotech Developers (up 2.98%), Godrej Properties (up 2.48%), Oberoi Realty (up 1.38%), DLF (up 0.54%), Brigade Enterprises (up 0.46%), Prestige Estates Projects (up 0.23%), and Mahindra Lifespace Developers (up 0.11%) advanced. On the other hand, Sobha (down 1.32%) and Raymond (down 0.53%) edged lower. Stocks in Spotlight: Bajaj Auto rose 0.65% after the two-wheeler major reported a 5% increase in total auto sales to 4,21,640 units in November 2024 as against 4,03,003 units in November 2023. Maruti Suzuki India added 2.27% after the company's total sales rose 10.39% to 181,531 units in November 2024 as against 164,439 units sold in November 2023. Hero Motocorp shed 0.29% after its total sales declined 6.36% to 459,805 units in November 2024 as compared with 491,050 units in November 2023.Powered by Capital Market - Live
While the company's domestic sales decreased 7% to 2,40,854 units, exports jumped by 24% to 1,80,786 units in November 2024 over November 2023. Sales of two-wheelers and commercial vehicles stood at 3,68,076 units (up 5% YoY) and 53,564 units (down 1% YoY), respectively. Bajaj Auto is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers, etc. and parts thereof. The auto major's standalone net profit increased 9.19% to Rs 2,005.04 crore on a 21.80% jump in revenue from operations to Rs 13,127.47 crore in Q2 FY25 over Q2 FY24. Shares of Bajaj Auto rose 0.92% to Rs 9,114.45 on the BSE. Powered by Capital Market - Live
Bajaj Auto sold 4,21,640 units in month of November 2024 compared to 4,03,003 units in November 2023, recording a growth of 5%. Total sales include domestic sales of 2,40,854 units (lower by 7% YoY) and exports of 1,80,786 units (higher by 24% YoY). During November 2024, the company sold 3,68,076 2-wheeler units (higher by 5% YoY) and 53,564 commercial vehicles (lower by 1% YoY). Powered by Capital Market - Live
Bajaj Auto Ltd is up for a third straight session today. The stock is quoting at Rs 9666.05, up 1.57% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. Bajaj Auto Ltd has slipped around 7.95% in last one month. Meanwhile, Nifty Auto index of which Bajaj Auto Ltd is a constituent, has slipped around 6.42% in last one month and is currently quoting at 23043.85, up 2.55% on the day. The volume in the stock stood at 1.95 lakh shares today, compared to the daily average of 6.77 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 9686.9, up 1.55% on the day. Bajaj Auto Ltd is up 71.08% in last one year as compared to a 20.57% jump in NIFTY and a 40.86% jump in the Nifty Auto index.The PE of the stock is 32.47 based on TTM earnings ending September 24.Powered by Capital Market - Live
The domestic equity benchmarks traded with steep losses in morning trade. The Nifty tanked below the crucial 24,000 level. Oil & gas shares declined after advancing in the previous trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex slumped 1,102.87 points or 1.38% to 78,627.24. The Nifty 50 index dropped 360.70 points or 1.48% to 23,943.65. In the broader market, the S&P BSE Mid-Cap index declined 1.30% and the S&P BSE Small-Cap index fell 1.89%. The market breadth was weak. On the BSE, 1,056 shares rose and 2,714 shares fell. A total of 156 shares were unchanged. Result Today: Indian Railway Catering and Tourism Corporation (IRCTC) (down 2.62%), Bata India (down 0.92%), Exide Industries (down 2.14%), Hatsun Agro Product (up 3.58%), KEC International (down 2.62%) and Raymond (down 1.95%) will announce their results later today. New Listing: Shares of Afcons Infrastructure were currently trading at Rs 450.25 at 10:15 IST on the BSE, representing a discount of 2.75% as compared with the issue price of Rs 463. The scrip was listed at Rs 430.05, exhibiting a discount of 7.12% to the issue price. So far, the stock has hit a high of 453.75 and a low of 419.85. On the BSE, over 10.95 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Oil & Gas index slipped 2.90% to 11,110.85. The index rose 0.84% in the past trading session. Indian Oil Corporation (down 4.50%), Hindustan Petroleum Corporation (down 3.24%), Bharat Petroleum Corporation (down 3.04%), Mahanagar Gas (down 2.79%), Reliance Industries (down 2.54%), Oil & Natural Gas Corpn (down 2.15%), Gujarat Gas (down 2.13%), Oil India (down 1.98%), GAIL (India) (down 1.66%) and Castrol India (down 1.64%) declined. Stocks in Spotlight: Bajaj Auto dropped 4.15%. The auto major reported 2% rise in total auto sales to 4,79,707 units in October 2024 as against 4,71,188 units in October 2023. Zen Technologies slipped 1.91%. The company reported standalone net profit of Rs 17.34 crore in Q2 FY25, zoomed 276.18% to Rs 65.23 crore posted in Q2 FY24.Revenue from operations spiked 277.44% year on year (YoY) to Rs 241.68 crore in the quarter ended September 2024. Adani Ports and Special Economic Zone declined 2.74%. The company said that it had handled 37.9 MMT of total cargo in October 2024, which is higher by 2.43% as compared with 37 MMT of cargo handled in October 2023. Powered by Capital Market - Live
While the company's domestic sales decreased 8% to 3,03,831 units, exports rose by 24% to 1,75,876 units in October 2024 over October 2023. Sales of two-wheelers and commercial vehicles stood at 4,14,372 units (up 2% YoY) and 65,335 units (up 4% YoY), respectively. Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof. The auto major's standalone net profit increased 9.19% to Rs 2,005.04 crore on 21.80% jump in revenue from operations to Rs 13,127.47 crore in Q2 FY25 over Q2 FY24. Shares of Bajaj Auto tumbled 4.53% to Rs 9,430.65 on the BSE.Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 7.53%, vs industry avg of 7.38%
Decreasing Market Share
Over the last 5 years, market share decreased from 37.07% to 35.73%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 9.36%, vs industry avg of 7.85%