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Bajaj Auto Overview

Bajaj Auto Limited is an India-based manufacturer of bikes, three-wheelers and elements. The Company's commercial enterprise segments consist of Automotive, Investments and Others. The Company's motors include 2-wheelers and industrial vehicles. Its two-wheelers encompass Bajaj V, Bajaj V Avenger, Avenger Cruise 220, Pulsar and many more. The Company's geographic segments encompass India and Rest of the world. The Company gives troubleshooting offerings. The Company's plant consist of Waluj plant, Chakan plant and Pantnagar plant.

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Bajaj Auto Key Financials

Market Cap ₹273181 Cr.

Stock P/E 37.3

P/B 7.4

Current Price ₹9774

Book Value ₹ 1320.9

Face Value 10

52W High ₹9941

Dividend Yield 2.15%

52W Low ₹ 7088.3

Bajaj Auto Share Price

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Volume
Price

Bajaj Auto Quarterly Price

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Bajaj Auto Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 10838 12165 11555 11932 13247 13169 12646 13133 15735 16204
Other Income 369 356 360 335 399 348 392 509 576 436
Total Income 11207 12522 11915 12267 13647 13516 13039 13642 16311 16640
Total Expenditure 8708 9750 9271 9562 10594 10418 9953 10340 12272 12475
Operating Profit 2499 2771 2644 2706 3053 3098 3085 3302 4039 4166
Interest 7 12 30 47 75 120 147 224 287 314
Depreciation 92 93 93 95 98 102 119 118 119 119
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -77
Profit Before Tax 2400 2666 2522 2564 2879 2876 2819 2961 3633 3656
Provision for Tax 564 634 594 622 914 681 682 750 877 906
Profit After Tax 1836 2033 1927 1942 1966 2196 2137 2210 2757 2750
Adjustments 184 0 84 0 -580 0 -335 0 -634 0
Profit After Adjustments 2020 2033 2011 1942 1385 2196 1802 2210 2122 2750
Adjusted Earnings Per Share 71.4 71.8 72 69.6 49.6 78.6 64.5 79.2 76 98.4

Bajaj Auto Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 21614 22587 21767 25219 30358 29919 27741 33145 36455 44870 50995 57718
Other Income 588 985 1223 1158 1344 1525 1282 1306 1190 1476 1479 1913
Total Income 22203 23571 22990 26377 31702 31443 29023 34451 37645 46347 52474 59632
Total Expenditure 17506 17805 17349 20383 25168 24823 22822 27917 30007 36149 40532 45040
Operating Profit 4697 5766 5642 5994 6534 6620 6201 6534 7638 10198 11942 14592
Interest 6 1 1 1 4 3 7 9 40 60 389 972
Depreciation 267 307 307 315 266 246 259 270 286 365 414 475
Exceptional Income / Expenses -340 0 0 -32 342 0 0 817 0 0 0 -77
Profit Before Tax 4083 5679 5588 5933 6956 6692 6241 7652 7842 10040 10224 13069
Provision for Tax 1271 1618 1508 1714 2028 1480 1384 1486 1782 2332 2899 3215
Profit After Tax 2812 4061 4079 4219 4928 5212 4857 6166 6060 7708 7325 9854
Adjustments 214 0 0 0 0 0 0 0 0 0 0 -969
Profit After Adjustments 3026 4061 4079 4219 4928 5212 4857 6166 6060 7708 7325 8884
Adjusted Earnings Per Share 104.6 140.3 141 145.8 170.3 180.1 167.8 213.1 214.2 276.1 262.3 318.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 15% 11% 9%
Operating Profit CAGR 17% 22% 13% 10%
PAT CAGR -5% 6% 7% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 10% 37% 19% 15%
ROE Average 23% 23% 22% 24%
ROCE Average 28% 29% 28% 32%

Bajaj Auto Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 11095 14020 17857 20425 23234 21662 27273 29860 29362 28962 35189
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 112 118 120 121 125 126 121 123 124 759 6210
Other Non-Current Liabilities 282 321 448 484 602 469 563 440 380 531 1127
Total Current Liabilities 4477 2781 3213 4111 4874 4253 5644 4689 5271 9099 11584
Total Liabilities 15966 17240 21638 25141 28834 26510 33602 35111 35136 39352 54110
Fixed Assets 2448 2026 1943 1821 1708 1645 1615 1785 2792 3168 3629
Other Non-Current Assets 3951 10482 10226 14069 20053 18249 17799 22961 22694 24336 31035
Total Current Assets 9567 4733 9469 9251 7073 6616 14188 10366 9650 11847 19446
Total Assets 15966 17240 21638 25141 28834 26510 33602 35111 35136 39352 54110

Bajaj Auto Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 492 582 820 288 776 916 285 517 934 242 560
Cash Flow from Operating Activities 2114 3690 3267 4328 2487 3850 3120 4197 5277 6552 -1406
Cash Flow from Investing Activities -414 -113 -3683 -2053 -338 1556 -2868 -81 1200 -344 -1056
Cash Flow from Financing Activities -1644 -3384 -190 -1885 -2074 -6247 -20 -4056 -7181 -6161 4230
Net Cash Inflow / Outflow 56 193 -606 389 74 -840 232 60 -704 47 1768
Closing Cash & Cash Equivalent 582 820 288 776 916 285 517 934 242 560 2332

Bajaj Auto Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 104.56 140.35 140.98 145.8 170.29 180.11 167.85 213.08 214.17 276.1 262.29
CEPS(Rs) 106.42 150.96 151.6 156.68 179.47 188.63 176.81 222.4 224.27 289.17 277.12
DPS(Rs) 50 55 55 60 60 120 140 140 140 80 210
Book NAV/Share(Rs) 383.43 484.51 617.08 705.85 802.91 748.25 941.93 1030.77 1035.46 1033.73 1256.51
Core EBITDA Margin(%) 18.24 20.02 19.14 18.77 17.09 17.03 17.73 15.66 17.54 19.28 20.37
EBIT Margin(%) 18.16 23.78 24.21 23.03 22.93 22.38 22.52 22.94 21.44 22.33 20.66
Pre Tax Margin(%) 18.13 23.78 24.2 23.03 22.91 22.37 22.5 22.92 21.33 22.19 19.9
PAT Margin (%) 12.48 17 17.67 16.37 16.23 17.42 17.51 18.47 16.48 17.04 14.26
Cash Profit Margin (%) 13.67 18.29 19 17.6 17.11 18.24 18.44 19.28 17.26 17.84 15.07
ROA(%) 17.98 24.46 20.99 18.04 18.26 18.83 16.16 17.95 17.25 20.7 15.67
ROE(%) 26.45 32.34 25.6 22.04 22.57 23.22 19.86 21.6 20.5 26.51 22.91
ROCE(%) 38.16 44.82 34.81 30.81 31.71 29.66 25.41 26.7 26.51 33.47 28.15
Receivable days 12.26 10.96 13.21 17.32 24.36 26.14 29.22 23.14 16.23 15.44 14.93
Inventory Days 11.79 11.72 11.44 10.42 10.24 12.35 16.82 14.89 13.87 13.12 13.38
Payable days 47.55 45.91 53.2 57.45 58.87 60.69 72.35 61.56 54.17 55.52 61.87
PER(x) 19.29 17.14 19.91 18.85 17.12 11.24 21.88 17.14 18.13 33.12 30.02
Price/Book(x) 5.26 4.97 4.55 3.89 3.63 2.71 3.9 3.54 3.75 8.85 6.27
Dividend Yield(%) 2.48 2.29 1.96 2.18 2.06 5.93 3.81 3.83 3.6 0.87 2.67
EV/Net Sales(x) 2.68 3.05 3.72 3.13 2.75 1.95 3.81 3.16 3 5.69 4.44
EV/Core EBITDA(x) 12.33 11.95 14.37 13.16 12.79 8.82 17.07 16.05 14.31 25.02 18.96
Net Sales Growth(%) 7.22 4.5 -3.63 15.86 20.38 -1.45 -7.28 19.48 9.99 23.08 13.65
EBIT Growth(%) -12.16 38.89 -1.6 6.19 17.28 -3.8 -6.68 22.6 2.89 28.15 5.07
PAT Growth(%) -13.06 44.43 0.45 3.42 16.8 5.77 -6.81 26.95 -1.71 27.19 -4.98
EPS Growth(%) -10.49 34.23 0.45 3.42 16.8 5.77 -6.81 26.95 0.51 28.92 -5
Debt/Equity(x) 0.01 0.01 0.01 0.01 0.01 0.01 0 0 0 0.07 0.27
Current Ratio(x) 2.14 1.7 2.95 2.25 1.45 1.56 2.51 2.21 1.83 1.3 1.68
Quick Ratio(x) 1.96 1.44 2.72 2.07 1.25 1.31 2.25 1.95 1.53 1.12 1.5
Interest Cover(x) 630.11 5409.47 3992.11 4530.32 1553.58 2118.76 938.15 884.57 199.48 167.34 27.29
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0.01 0.04

Bajaj Auto Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 54.98 54.94 55.06 55.06 55.04 55.04 55.04 55.04 55.04 54.99
FII 14.37 14.65 14.52 14.19 14.31 12.45 11.61 10.3 9.65 8.84
DII 9.1 8.74 8.54 8.82 8.76 10.06 10.99 12.1 12.78 14.07
Public 21.54 21.68 21.88 21.93 21.88 22.45 22.36 22.56 22.52 22.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Bajaj Auto News

Bajaj Auto Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 23%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 55.52 to 61.87days.
  • Stock is trading at 7.4 times its book value.
  • The company has delivered a poor profit growth of 7% over past five years.
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