Bajaj Auto Ltd

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

Bajaj Auto Ltd

₹ 9,068 -1.01%
04 Dec 2:09 p.m.
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 ₹ 2,53,228 Cr.
  • Current Price ₹ 9,068
  • High / Low ₹ 12,774 / 5,988
  • Stock P/E 30.9
  • Book Value ₹ 979
  • Dividend Yield 0.87 %
  • ROCE 38.5 %
  • ROE 29.8 %
  • Face Value ₹ 10.0
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Pros

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

Cons

  • Stock is trading at 9.37 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

Sector: Automobile Industry: Automobiles - Scooters And 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
8,762 9,022 7,975 8,005 10,203 9,315 8,905 10,310 10,777 12,114 11,485 11,928 13,127
7,361 7,650 6,609 6,708 8,444 7,538 7,188 8,356 8,644 9,684 9,178 9,513 10,475
Operating Profit 1,401 1,372 1,366 1,297 1,759 1,777 1,717 1,954 2,133 2,430 2,306 2,415 2,652
OPM % 16% 15% 17% 16% 17% 19% 19% 19% 20% 20% 20% 20% 20%
318 273 604 319 333 269 260 346 361 346 349 321 173
Interest 2 2 3 4 11 8 16 12 7 12 23 21 16
Depreciation 66 70 70 67 67 74 74 84 88 88 91 94 96
Profit before tax 1,652 1,573 1,897 1,545 2,014 1,964 1,886 2,205 2,400 2,676 2,542 2,622 2,714
Tax % 23% 23% 23% 24% 24% 24% 24% 24% 24% 24% 24% 24% 26%
1,275 1,214 1,469 1,173 1,530 1,491 1,433 1,665 1,836 2,042 1,936 1,988 2,005
EPS in Rs 44.05 41.96 50.76 40.55 52.87 52.71 50.64 58.83 64.89 72.11 69.35 71.22 71.80
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 TTM
19,980 20,088 21,593 22,574 21,755 25,210 30,358 29,919 27,741 33,145 36,428 44,685 48,654
16,335 15,974 17,461 17,780 17,323 20,362 25,157 24,809 22,800 27,877 29,864 35,883 38,850
Operating Profit 3,645 4,113 4,132 4,794 4,432 4,848 5,201 5,110 4,942 5,268 6,563 8,802 9,804
OPM % 18% 20% 19% 21% 20% 19% 17% 17% 18% 16% 18% 20% 20%
788 699 227 1,062 1,213 1,251 1,772 1,720 1,263 1,516 1,167 1,423 1,189
Interest 1 0 6 1 1 1 4 3 7 9 39 54 71
Depreciation 167 180 267 307 307 315 266 246 259 269 282 350 368
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 10,553
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 7,971
EPS in Rs 105.18 112.08 97.24 135.80 132.27 140.59 161.57 176.25 157.40 173.44 198.89 267.88 284.48
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: 24%
Compounded Profit Growth
10 Years: 9%
5 Years: 11%
3 Years: 18%
TTM: 27%
Stock Price CAGR
10 Years: 13%
5 Years: 23%
3 Years: 41%
1 Year: 49%
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 Sep 2024
Equity Capital 289 289 289 289 289 289 289 289 289 289 283 279 279
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 27,047
88 59 112 118 120 121 125 126 121 123 124 960 978
4,488 5,080 4,758 3,102 3,661 4,595 5,476 4,722 6,206 5,130 5,578 8,430 9,448
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 37,752
1,804 2,006 1,917 2,026 2,002 1,878 1,764 1,699 1,665 1,834 2,716 3,199 3,138
CWIP 294 144 255 52 42 56 48 60 16 77 82 27 131
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 26,347
3,950 4,048 4,237 4,088 4,039 4,296 6,409 4,818 7,218 6,192 5,406 6,532 8,137
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 37,752

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 -24
ROCE % 60% 52% 42% 46% 35% 32% 31% 31% 26% 24% 28% 38%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.73% 53.77% 53.77% 54.84% 54.99% 54.99% 54.99% 54.99% 54.95% 55.06% 55.06% 55.04%
10.20% 10.49% 11.16% 11.56% 11.82% 12.35% 13.67% 14.37% 14.64% 14.53% 14.19% 14.32%
13.23% 13.17% 12.40% 11.53% 10.91% 10.79% 9.56% 9.03% 8.66% 8.47% 8.73% 8.67%
0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.08% 0.08% 0.08%
22.84% 22.57% 22.68% 21.99% 22.20% 21.79% 21.72% 21.54% 21.67% 21.88% 21.92% 21.89%
No. of Shareholders 2,44,0812,33,2252,28,8732,25,5182,26,8362,09,0762,02,9281,96,5432,00,7952,97,6052,74,9562,69,698

* 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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